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 S&P vaulted to a record high in today’s trading the day after lawmakers finally decided to reopen the government, but the Dow Jones Industrial Average was set upon by the weakness of corporate earnings by heavyweights IBM, Goldman Sachs and United Health, pushing down the Dow -0.01 percent, -2.18 […]
UFPI Stock Surges; S&P hits New High Read More
When hearing of the need of older military veterans for housing, former Green Beret and successful home builder Richard Simonian took up the challenge and now has 7,000 homesites in 40 manufactured housing communities across the western U. S. that openly caters to veterans. As lakecountrysun.com reports, John Stryker Meyer,
Builder Provides Manufactured Housing for Fellow Vets Read More
In the wake of Hurricane Sandy damaging or destroying 346,000 homes in New Jersey, for people who are replacing their homes, modular homes are some of the most popular “hurricane proof” choices. Ocean City, NJ-based Zarilli Homes built on average two homes a month, mostly large luxury homes, before Sandy’s
Excel and Zarilli Site Modular Homes in New Jersey Read More
The chairman of the Putrajaya affordable housing agency PR1MA in Malaysia has announced a joint effort with Japanese modular home builder Sekisui Chemical to build 500,000 affordable homes within the next five years, which would help fulfill the promise of the Barisan Nasional government. Datuk Jamaluddin Jarjis says, “ The
Malaysia Partners with Japanese Firm on Modular Homes Read More
Updating a story MHProNews posted Oct. , concerning Universal Forest Products, Inc.’s (UFPI) release of Q3 financials, the company’s earnings exceeded analysts expectations by.17 cents per share to .71, and gross sales grew by 22 percent over the same quarter last year, according to Zacks.com. UFPI manufactures and distributes a
UFPI Beats Expectations in Q3 Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence dropped two points to 55 in October due in part to continuing challenges in the marketplace coupled with rising interest rates and uncertainty in Washington. However, any score above 50 indicates builders see the market
New Home Housing Market Index Drops two Points Read More
Investors cheered with their checkbooks as the U. S. Senate lawmakers struck a deal to reopen the government and avert a U. S. debt default, sending the three major indexes rising over one percent each in today’s trading. CNNMoney reports the Dow gained +205.82 points, +1.36 percent, to close at
Three Major Indexes Spurred Upwards; Tracked Housing Stocks Close Modestly Mixed Read More
Sam Zell, chairman of land lease community owner Equity LifeStyle Properties, Inc. (ELS) will be the featured speaker at the Manufactured Housing Institute’s National Communities Council Fall Leadership Forum being held Oct. 16-18 at W Hotel City Center in Chicago. Titled “Building a Vision for the Future,” topics covered include
Sam Zell, ELS Chairman, featured at National Community Council’s Fall Leadership Forum Read More
A 49-unit modular apartment building is rising in the Belltown area of Seattle, Washington. Calling itself the “future of in-city living,” NHabit is squeezing the 14 X 30 foot studio apartments between a high-rise apartment building and a grocery store. Each unit will have a balcony, kitchen, bath and an
Modular Apartments Fill tight Space in Seattle Read More
Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q3 2013 financials Thursday, Oct. 17, at 8:30 AM EST. Headquartered in Grand Rapids, Michigan, as MHProNews knows the company supplies the manufactured housing industry with solid wood and wood-like products as well as plastic and other materials. Analysts expect UFPI to
UFPI to Post Q3 Results Read More
The Iowa Manufactured Housing Association (IMHA) reports retailers’ orders for manufactured homes (MH) are up this year over last by 28 percent to 203 homes, third in growth behind Wisconsin and Indiana in the north central region. Sixty-six percent of them were single section. Iowa ranks 35th in the nation
Orders for Manufactured Homes Rise in Iowa Read More
Private equity firm Carlyle Group LP has entered the manufactured housing community (MHC) business in acquiring two communities in Florida from Shamrock Holdings LLC of Arizona for $30.8 million. While this is the company’s first foray into the MH industry, analysts say investors are betting this aspect of the housing
Is Demand for Land Lease Communities Heating Up? Read More
Champion Home Builders has been contracted to supply two modular apartment buildings to North Dakota’s Bakken oil formation, providing Watford City and Williston with over 100 apartments and townhomes, according to ourmidland.com. Marking Champion’s ninth and tenth project in the area, the Wolf Run Village in Watford City will consist
Champion Marks its Tenth Project in North Dakota Read More
The continued wrangling over a budget deal in Washington sent stocks tumbling in today’s trading. CNNMoney reports the Dow lost -133.25 points, -0.87 percent, to close at 15,168.01. Meanwhile, the Nasdaq lost -0.56 percent, +21.27 points to end today’s trading at 3,794.01, while the S&P fell -0.71 percent, -12.08 points,
Washington Wrangling Wrings Red Ink Read More
Modular home manufacturer Ritz-Craft Homes of Mifflinburg, Pennsylvania has become the first modular home builder to develop an iPad app for their network of builders, allowing them to access information about pricing, options, floor plans and specification sheets. Noting builders are spending more time away from their offices, Ritz-Craft’s Reed
Modular Builder Goes High Tech with Affiliates Read More
Allegations of sexual discrimination against a recreational vehicle community in Texas has led to a lawsuit filed by the U. S. Department of Justice against owner George Toone and In Toone Services. The suit alleges Toone evicted a transgender woman and her partner Aug. 18, 2012 after handing them a
Department of Justice Sues RV Community Owner Read More
Following up on a story MHProNews posted Oct. 11 concerning a Camden, New Jersey warehouse that is being transformed into a modular housing factory, 2,000 showed up at the ribbon-cutting ceremony looking for work. ACTS Industries, LLC intends to hire 1,000 people at $15 an hour. ACTS CEO Irv Richter
New Jersey Modular Home Factory Aims High Read More
Austrian students from Vienna University of Technology won top honors at the U S. Department of Energy’s (DOE) Solar Decathlon, besting 18 other entries from around the world for “designing, building, and operating the most cost-effective, energy-efficient and attractive solar-powered house.” The modular wooden frame home, Austria’s first ever entry
Austria Takes Top Prize at Solar Decathlon Read More
Single-family home real estate investment trusts (REITs) are a new player in the real estate market, with the outcome yet to be realized. One of them, Silver Bay Realty Trust says there are 41 million rental units in the U. S., equal to 30 percent of the housing market. Roughly
Yield on Investment in Single-family Homes Unknown Read More
Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) announces its release of third quarter 2013 earnings before the market opens on Thursday, Oct. 24, 2013, according to 4-traders.com. President and CEO Todd Cleveland and CFO Andy Nemeth will host a conference call that morning at 10:00 AM EST to discuss the results.
Patrick to Release Q3 Financials Read More
