News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
The New Hampshire Business Review tells MHProNews the New Hampshire Community Loan Fund (NHCLF) has helped over 100 manufactured home communities (MHC) convert to resident-owned cooperatives in the 30 years since the Sisters of Mercy invested their pension fund in the non-profit. The residents of the Meredith Trailer Park formed […]
Funder Celebrates 30 Years Supporting Community Cooperatives Read More
MHProNews has learned from tickerreport.com Universal Forest Products Inc. (UFPI) has declared a $0.21 per share semiannual dividend payable Sunday, Dec. 15th to shareholders of record Dec. 1, 2013. UFPI’s previous semiannual dividend was $0.20. On Oct. 23 analysts at Zacks upgraded shares of UFPI from “neutral” to “outperform” rating
Semiannual Dividend Declared by UFPI Read More
Killam Properties of Halifax, Nova Scotia, Canada has declared a dividend of $0.05 per share payable on Monday, Dec. 16, 2013 to investors of record on Friday, Nov. 29, 2013. According to tickerreport.com, analysts at Dundee Securities cut their price target on shares of Killam Properties from C$11.75 to C$11.50
Killam Properties Declares Dividend Read More
In honor of the Thanksgiving Day holiday, all U S. stock exchanges are closed.
U. S. Stock Exchanges Closed Today Read More
DesignMiami/ is an international marketplace of collectibles, lighting and objets d’art from around the world emphasizing museum-quality works as well as a broad spectrum of cultural programming with lectures and panels focused on the discipline of design. MHProNews has learned from miamiherald.com, this year’s inspiration comes in part from Miami’s
Modular Home Included in Pedigreed Showcase Read More
Canadian modular builder Britco has sent senior executive Chris Gardner with British Columbia’s Premier Christy Clark on a trade mission to China promoting B.C’s natural gas to the growing economies of Asia. Three liquid natural gas facilities will be working by 2020 which will generate thousands of construction jobs, and
Workforce Housing Developer Promoting Natural Gas in Asia Read More
After the former owners of the Anchor Bay Manufactured Housing Community (MHC) just north of Detroit, Michigan lost the 1,300-site community to the bank, J.D. Equity investors purchased it and have been generous in their support of the community. Most recently, according to voicenews.com, one of the investors (who wants
New Land Lease Community Owners very Generous Read More
Stocks continued their record-breaking run as all three major indexes closed higher, no doubt in anticipation of the combination of Thanksgiving and Chanukah—latkes and turkey. CNNMoney reports the Dow Jones Industrial Average gained +24.53 points, +0.15 percent, to close at 16,097.33 points. The Nasdaq advanced +0.67 percent, +27.00 points, to
Skyline Spikes, Cavco and Drew Advance Well; Major Indexes also Move up Read More
Three modular townhomes each with three bedrooms, 2.5 bathrooms and energy-efficient features will be sited Dec. 2 and 3 cross from the West Seattle Golf Course. Designed by Chris Pardo Design and built by Method Homes at their Ferndale, Washington plant, two of the units have a shared wall and
Upscale Modulars Rising in West Seattle Read More
Modular home builder Fusion Modular Green Construction LLC of Maryland allegedly accepted payments and deposits from customers and then did not fulfill contracts, and was unwilling to refund deposits. State Attorney General Douglas F. Gansler announced the company and its owners, Joshua Samuel Sims and William E. Sims III, are
Maryland Modular Builder Charged with Fraud Read More
The Jump Start federal housing program is credited for backing the construction of seven modular homes in the PrairieView subdivision of Forest City, Iowa in the north central part of the state. A qualified candidate can receive a grant up to $37,500 towards the purchase of a home valued at
Federal Funding Helps Build Modular Homes Read More
The flooding that ravaged Colorado in Sept. destroyed 154 manufactured homes (MH) and damaged 901 additional MH, displacing thousands of residents in the 11 manufactured housing communities (MHC) in the flood zone, according to Kerri Nelson, the state’s deputy chief recovery officer. Some communities may spring back to life with
Flooded Manufactured Home Victims Deal with Destruction Read More
The Preserving Access to Manufactured Housing Act of 2013—HR 1779—remedies the unintended consequences of the Dodd-Frank Act that disproportionately affect affordable manufactured home lending. To date, 20 Democrats and 85 Republicans have signed on as co-sponsors of the legislation, indicating momentum is growing, but more support is needed to insure
Support Grows for HR 1779; More Needed Read More
Although the Brownwood, Texas Planning and Zoning Commission had denied a request to rezone property from MH Manufactured Home District to M1 Restricted Industrial District, the Brownwood City Council approved the request on first reading. Donald Allgood, Jr. said he uses the property to store heavy earth-moving equipment and other
Planning Commission, City Council at Odds over Zoning Read More
In yet another measure of the housing market recovery, the S&P/Case Shiller Home Price Index reveals home prices rose 11 percent from a year ago, the first year-over-year double digit gain since early 2006, before the housing bubble hit its high. The gain over last quarter was three percent, following
Home Prices Notch Double Digit Growth Read More
Volume on the big board was light in approach of the holiday season, although all three major indexes did advance, modestly at best. CNNMoney reports the Dow Jones Industrial Average gained just +0.26 points, essentially +0.00 percent, to close at 16,072.80 points. The Nasdaq gained +0.58 percent, +23.18 points, to
Cavco, LPX Notch Sizable Gains; Major Indexes Improve Modestly Read More
The latest news from the RealtyTrac Residential Sales Report indicates the national median sales price of all residential properties, including distressed and non-distressed, remained at $170,000, the same as Sept., but six percent higher than a year ago Oct. Additionally, HousingWire says this marks the 18th consecutive month of median
Median Residential Sales Price Holds Steady Read More
The National Association of Home Builders (NAHB) reports the issuance of new building permits rose 6.2 percent in Oct. to a seasonally adjusted annual rate of 1,034 million units, an increase over Sept.’s 5.2 percent rise to 974,000 units. Of this, multifamily rose 15.3 percent to 414,000 units, while on
Building Permits Surpass One Million Read More
County commissioners in Butte, Meade and Harding Counties are in different stages of preparation for the possibility of modular workforce mancamps should the 36-inch Keystone XL pipeline be approved to move oil from Canada to Texas. Neither Butte nor Meade has a zoning ordinance, and Harding County’s is for “conditional
South Dakota Prepares for Potential Modular Workforce ManCamps Read More
Champion Home Builders opened a second manufacturing facility at its 30-acre Lake City, Florida location this week (Nov. 18, 2013), adding 45 new jobs, according to digital-journal.com. The 70,000 square foot facility re-establishes the Redman Homes manufactured housing brand that has a respected name in the Southeast, but closed in
Manufactured Home Builder Opens Second Production Facility Read More
