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.
Positive domestic corporate returns and good news from China’s factory activity lifted investors’ mood as all three major indexes gained in today’s trading. CNNMoney reports the Dow Jones Industrial Average advanced +95.88 points, +0.62 percent, to end the day at 15,509.21. The Nasdaq gained +0.56 percent, +21.89 points to end […]
Patrick Leads Tracked Housing Stocks; Three Major Indexes Advance Read More
Doug Koos owns a manufactured housing community in Castine, Maine that he intends to turn into a modular housing community. Currently he has 19 manufactured homes on the property plus six abandoned homes that are currently being demolished in the community licensed for 29 units. State law allows for modular
Maine Site Plan Includes Modular Homes Read More
An ongoing dispute between the British Columbia Safety Authority (BCSA) in Canada and modular home builder Riske Creek Manufacturing and its owner Andy Tower has resulted in a recall of the company’s homes by the BCSA, which alleges the park model homes do not comply with gas and electrical certification
Canadian Park Model Builder Cries “Foul” Read More
Universal Forest Products, Inc. (NASDAQ:UFPI) has been upgraded from neutral to outperform, according to a Zacks analyst as published by Zolmax.com. Zacks says, “Universal Forest’s earnings more than doubled year over year to $0.71 per share in the third quarter 2013. Revenues grew 22% on the back of healthy performances
“Buy” Rating Initiated on UFPI Stock Read More
NECN reports the Vermont Manufactured Housing Innovation Project will begin replacing ten aging factory-built homes with new energy efficient manufactured homes in a pilot project funded by non-profits, tax rebates, and fixed bank rates. As MHProNews has learned, 15 percent of the homes damaged or destroyed in Vermont during Tropical
Pilot Project will Provide New Manufactured Homes Read More
Southern Energy Homes has finalized plans to move its homebuilding facility from Double Springs, Alabama to a 176,000 square foot plant in an industrial park in Russellville. The 200 employees of this manufactured housing builder will be transferred to the new operation in the northwest part of the state. The
Manufactured Home Builder Moving Plant Read More
While unemployment fell to a five-year low in September, hitting 7.2 percent, down .01 percent from August, non-farm payrolls rose by only 148,000 jobs. Says Paul Ashworth of Capital Economics, “The unemployment rate keeps edging lower, but the Fed seems to be more focused on the drop-off in the pace
Employment for Young Renters and Homebuyers Remains Sluggish Read More
Investors focused on a mixed bag of corporate earnings and a dismal outlook from Caterpillar as the three major indexes all slid into the red zone for the day. CNNMoney reports the Dow Jones Industrial Average edged down -54.33 points, -0.35 percent, to end the day at 15,413.33. The Nasdaq
Tracked Housing Stocks Close Mixed; Three Major Indexes Slide Read More
The national foreclosure inventory continues to fall, decreasing 32 percent since Sept 2012, according to what Lender Processing Services (LPS) tells nationalmortgagenews, with 1.3 million housing units in the foreclosure pre-sale inventory. LPS’ loan-level database covers approximately 70 percent of the market total, MHProNews has learned. While delinquencies have fallen
Foreclosure Inventory and Delinquencies Fall Read More
The Manufactured Housing Institute (MHI) and builderonline.com report that Clayton Homes of Maryville, Tennessee is the nation’s largest homebuilder. With over 1.5 million homes built since 1934, and numerous awards for design and construction, Clayton builds manufactured and modular homes, as well as commercial and educational buildings, through 35 facilities
Clayton Homes Billed as Nation’s Largest Homebuilder Read More
Atlanta, Georgia-based investment advisory brokerage firm ARA announces the sale of Saratoga Hills manufactured housing community in Stillwater, New York, 24 miles from Albany. Saratoga is an all-age community of 300 homesites sitting on 91 acres with a mix of single and multisection homes. According to nreionline.com, the seller is
New York Land Lease Community Changes Hands Read More
The Department of Consumer Protection, responding to numerous resident complaints beginning in 2012, has issued a legal decision and order against Shoreline Trailer Court in Branford, Connecticut for failing to maintain the community in a safe and habitable condition. Specifically, according to branfordpatch, Shoreline was infested with feral cats, rodents,
Connecticut Manufactured Housing Community under Fire Read More
Pulte Homes has been eyeing Winchester Ranch Mobile Home Park in San Jose, California, home to 145 mostly low-income seniors and disabled residents, as a possible site for market-rate condos. Homesite rents pale compared to the median home price of $612,250 in San Jose, giving community owner Cali-Arioto Properties consideration
Manufactured Housing Community may be Redeveloped Read More
The less than robust jobs report from the government gave hope to investors that the Federal Reserve will maintain its quantitative easing support of the economy, which encouraged all three major indexes to move up modestly. CNNMoney reports the Dow Jones Industrial Average edged up +75.46 points, +0.49 percent, to
Most Tracked Housing Stocks, Major Indexes Move up Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) reports to MHProNews that the Virginia Titling Tax increased on automobiles but remained at three percent on sales of manufactured homes. In Virginia, as in many states, manufactured homes continue to be classified under motor vehicle laws in a throw back to
Sales Tax on Manufactured Homes Unchanged Read More
Canadian Apartment Properties (CAP) REIT of Canada owns and operates a portfolio of real estate primarily around larger urban markets that includes apartments and townhomes as well as 14 manufactured housing communities (MHC) comprised of 3,370 homesites. As seekingalpha informs MHProNews Cap REIT reduces financial risk by having 38,000 residential
Portfolio in Canada includes Manufactured Housing Communities Read More
Updating a story MHProNews posted Oct. 21 regarding a tax increase to pay for relocating manufactured home residents who live dangerously close to a runway at Fairchild Air Base in Spokane, Washington, the city council voted 4-1 to raise county property taxes 6.3 cents per $1,000 valuation for Proposition 1.
Council Approves Tax to Move Manufactured Home Residents Read More
While home prices and sales slid nationally, as MHProNews reported here yesterday, Oct. 21, existing home sales in the 13 county metropolitan area of Indianapolis rose 13.3 percent over last Sept., but it was the slowest growth month of 2013. The next slowest month was August with 14.5 percent over
Home Sales Continue Upward in Indianapolis Read More
Time magazine reports a former Austin, Texas developer of high end houses now blogs about his small homes built from salvaged materials. Brad Kittel, owner of Tiny Texas Houses, who has built around 75 tiny homes of 400 square feet, ranging from $20,000 to $40,000, now plans on building a
Will Texans Take to Tiny Homes? Read More
Home prices and sales dropped in September, according to what the National Association of Realtors (NAR) tells nationalmortgagenews. As mortgage rates hovered around 4.5 percent and inventories remained low, sales of existing single-family homes dropped to a seasonally adjusted annual rate (SAAR) of 5.3 million, down from 5.4 million in
Sales and Home Prices Slide in Sept. Read More
