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.
Stocks on the big board closed mixed on news of a housing market recovery somewhat stalled by a drop in pending home sales, although the Dow rose to another high. CNNMoney reports the Dow Jones Industrial Average gained just +7.77 points, +0.05 percent, to close at 16,072.54 points. The Nasdaq […]
Nobility Spikes, Dow sets another Record High Read More
Manufactured housing (MH) component supplier Universal Forest Products, Inc. (UFPI) will began trading ex-dividend Nov. 26, 2013 with a cash dividend of $0.21 per share to be paid to shareholders Dec. 15, 2013, representing a five percent increase over the prior quarter. According to nasdaq.com, its current shares of stock
UFPI Declares Cash Dividend Read More
SeekingAlpha.com reports manufactured housing community (MHC) proprietor UMH Properties owns 74 communities comprised of 13,400 developed home sites with an average occupancy rate of 82 percent. Forty-three of the communities, representing 46 percent of the holdings, are in the Utica and Marcellus Shale acreage that is being developed by energy
Thumbs Up on UMH Properties Read More
Elkhart, Indiana-based Drew Industries, Inc. has announced a special cash dividend of $2.00 per share of common stock to stockholders on record as of Dec. 20, 2013, payable on Jan. 6, 2014. “We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Jason Lippert,
Drew Declares Good Draw for Stockholders Read More
The Multifamily Production Index (MPI) of the National Association of Home Builders (NAHB) hit 54 in the third quarter, seven points less than the second quarter but the seventh consecutive rating above 50. The MPI measures construction of low-rent units, market-rate rental units and condominiums, where a number above 50
Multifamily Building Rises as Vacancy Falls Read More
The largest Malysian state, Sarawak is one of two Malaysian states on the island of Borneo. Tan Sri Abdul Taib Mahmud is the Chief Minister of Sarawak, one of two Malaysian states on the island of Borneo, and the largest Malaysian state. According to malaysia-chronicle.com, his family won the contract
Modular Homes in Malaysia come up Short Read More
While the percentage of Millennials (ages 18-31) moving back with their parents rose from 34 percent in 2009 to 36 percent in 2012, as MHProNews reported Aug. 6, 2013, Trulia.com reports multi-generational living is going in another direction as well: The number of seniors living with their children and other
Seniors Joining Millennials in Ranks or those Living with Relatives Read More
A new rule proposed by the Minnesota Dept. of Labor and Industry would require a sprinkler system in all new homes over 4,500 square feet, including manufactured and modular homes, according to redwoodfallsgazette.com. During a tour of Schult Homes with state legislators, Mark Brunner, president of the Minnesota Modular and
Sprinklers may be Required in Manufactured and Modular Homes Read More
According to the analytic firm Zillow, 10.8 million homeowners still owe more than their house is worth, a drop of over 4.9 million from the high point of Q1 2012, which represents a 21 percent decline when the negative equity peak was 31.4 percent of all homeowners. In Q2 2013
Slowing Home Appreciation Means Positive Equity Distant for Underwater Borrowers Read More
Modular home builder Homes by Vanderbuilt of North Carolina is donating $1 to the Marine Corps’ Toys for Tots program for every “Follow” it receives on its Google+page from now until Dec. 20. Tom Van de Reit of the Sanford, NC-based company says the Google+ platform is an important social
Toys for Tots Promoted by Modular Builder Read More
On second reading, the Goshen (Ind.) City Council put a stamp of approval on Lippert Components’ request for annexation of a 56-acre parcel Lippert intends to use for expansion. The plot is located outside the city but borders the city limits. RVBusiness reports the acreage will be zoned Manufacturing-1 Industrial,
Lippert Annexes Acreage for future Expansion Read More
Concerns that the market is overheating were offset by investors expectations that the Fed’s bond buying will continue for the foreseeable future, driving the Dow and the S&P to all new highs. CNNMoney reports the Dow gained +54.78 points, +0.34 percent, to end the week at 16,064.77. The Nasdaq moved
Dow, S&P Mark New Territory; Tracked Housing Stocks Mixed Read More
UFP New London, a subsidiary of Universal Forest Products, Inc. (UFPI), received approval from the Stanfield Town Council and the Stanly County Board of Commissioners in North Carolina for an economic incentive to use a local building for a heat lamination and assembly operation. The incentives require UFP to create
UFPI Subsidiary Expands in North Carolina Read More
Publicly-owned investment company Capital Southwest Corp. (Nasdaq:CSWC) has announced that Kelly Tacke has joined the firm as Senior Vice President, Chief Financial Officer (CFO), and Treasurer, having moved over from Palm Harbor Homes, Inc. where she served as Executive Vice-President and CFO. Palm Harbor is a subsidiary of Cavco Industries,
Kelly Tacke Moves to Capital Southwest Corp. Read More
Affordable Housing International (AHI) of Hong Kong is offering modular units shipped from China in one to four-bedroom models that can be stacked for a four-story apartment building, made into single-family homes, duplexes and row houses as well.. The STELETE houses offer foam insulated concrete cores that provide 20 times
Modular Builder Offers Affordable Quick-ship Dwellings Read More
Continuing the saga of Garden Homes Management Corp.’s seven year attempt to build a 124-unit manufactured housing community in Oxford, Connecticut, as MHProNews last covered Sept. 20, 2013, Nov. 14 saw another four and one half hour hearing to resolve the inland wetlands issue and storm water management without conclusion.
Seven-Year Battle to Build Manufactured Housing Community Continues Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates more builders of newly-built single-family homes view market conditions as good rather than poor for Nov., the sixth consecutive month of a rating over 50, although the percentage was unchanged from last month. The HMI gauges builders
Home Builders Remain Confident Read More
MHProNews has learned from dailyyonder.com, while an estimated 470,000 rural veterans live in manufactured homes (MH), they are less likely to live in MH than the rural population as a whole. However, twice as many rural veterans live in MH than veterans as a whole nationally. While rural areas have
Nearly 500,000 Vets Live in Manufactured Homes Read More
Even as several retailers, including Target and Dollar Stores, reported less than expected earnings, the Dow Jones Industrial Average finished the day above 16,000 for the first time ever. CNNMoney reports the Dow gained +109.17 points, +0.69 percent, to end the day at 16,009.99. The Nasdaq moved up +1.22 percent,
Dow Closes at New Record High; Nobility Drops Five Percent Read More
Arlington, VA. An announcement of the promotion for Jason Boehlert to Senior Vice President of Government Affairs at the Manufactured Housing Institute (MHI) will accompany the announced appointment of Rick Robinson as MHI Vice President of Government Affairs and General Counsel. Sources close to the Manufactured Housing Institute tell MHProNews
Boehlert promoted, Rick Robinson new GC at the Manufactured Housing Institute Read More
