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.
Good news from Germany’s economy and positive U.S. economic data powered all three indexes to positive news for the trading day. CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 46.02 points, + 0.36 percent, to close at 12,984.69. The Nasdaq gained 23.81 points, to end the day at […]
MH Composite and Skyline Post Nice Gains Read More
Sun Communities, Inc., reports for the year ending 12-31-2011 its FFO (funds from operations) increased from $2.97 per diluted share in 2010 to $3.13 per share in 2011, a gain of 5.4 percent. Same site net operating income was up 3.6 percent. Revenue producing sites increased by 732 for year
Bradenton tells MHProNews.com Lippert Components, the wholly-owned subsidiary of MH and RV component maker Drew Industries, Inc., acquired Euramax International, Inc.’s United States RV entry door business for $1.7 million. USRV has annualized sales of $6 million. Lippert paid $1.2 million and will pay the balance over the next three
Chicago-based Green Courte Partners, LLC, has confirmed the new managing director of their MHC acquisitions arm, Bill Glascott, is moving over from a similar position he held at Hometown America, LLC, a company Green Courte’s Chairman Randy Rowe helped found. MarketWatch tells MHProNews.com during his twelve years at Hometown Glascott
Personnel in Focus: Bill Glascott Read More
The Metropolitan Indianapolis Board of Realtors (MIBOR) reports sales of existing homes climbed 28 percent from a year ago Jan. to 1,344 Jan. 2012. IndyStar says the median price of sold homes increased 4.7 percent to $116,213. However, discounting also rose as home sellers received 88.9 percent of their list
Home Sales Climb in Indianapolis Read More
Stocks declined Wednesday in response to economic reports and while one of those reports showed gains in home sales, several prominent site builders including Toll Brothers and KB Homes saw share price declines. The Yahoo Finance Manufactured Housing Composite Value lost more than four percent. Losing ground Wednesday were Affiliated
Stocks Decline Wednesday Read More
A recent Associated Press story featured manufactured home owner and Appalachia resident Donna Robirds of Mount Orab, Ohio. The focus of the story is on the aging population in the region. Robirds is 67 and lives on a fixed-income. Nationally, the article notes, people 65 and over are expected to
Article Highlights Aging Population in Appalachia Read More
NineMSN of Australia tells MHProNews.com the Fleetwood Corporation, a producer of RVs and modular accommodations for residential and commercial applications, announced its profit for the six months ending Dec. 31, 2011 rose ten percent to $26.89 million. CEO Steven Price attributes the earnings report to increased demand for temporary accommodations
Australian Modular Maker Sees Profit Read More
This 1,400 square foot modular home in Wimberley, Texas,has three bedrooms, two baths, and lots of deck space. Produced by Ma Modular of Austin, TX the home has Energy Star appliances and HVAC, 2X6 exterior wall studs, a Galvalume double-lock standing-seam metal roof, Gerkin windows, and other energy efficient features.
Modular Modern in Texas Read More
Congress passed a $150 billion bill that extends the payroll tax reduction and unemployment benefits for ten months without increasing the guarantee fees (g-fees) on Fannie Mae and Freddie Mac. Consideration was at first given to raising the fees as a means to pay for the extension but then dropped.
G-Fee Increase Dropped Read More
CNNMoney tells MHProNews.com the Dow Jones Industrial Average crossed the 13,000 mark for the first time in almost four years, but then fell back to close at 12,965.77, gaining only 15.9 points, +0.02 percent. The Nasdaq lost -0.11 percent, -3.21, to end the day at 2,948.57, while the S&P rose
Greece Bailout Shoots Dow over 13,000, then Investors Pull Back Read More
NationalMortgageNews tells MHProNews.com Richard Cordray, the recess-appointed head of the Consumer Financial Protection Bureau (CFPB), made his first appearance on Capitol Hill at a meeting with members of the Senate Banking Committee, some of whom want budget oversight and structural changes to the agency. Cordray says the CFPB is similar
Cordray Ticks off Achievements to Ticked-off Senators Read More
According to HousingWire, the mortgage delinquency rate fell 2.2 percent from Dec. 2011 to Jan. 2012. Based on its data of nearly 40 million loans, Lender Processing Services says the Jan. 2012 delinquency rate dropped to 7.97 percent, which represents a 10.5 percent annual decline. There are 1.77 million properties
Little Change in Number of Pre-sale Foreclosure Homes Read More
An ongoing bureaucratic wrangle in Alabama over licensing and governmental authority for the installation of modular storm shelters has left hundreds of people in DeKalb County vulnerable as storm season approaches. A bidding war for the contract resulted in a lawsuit, and the Alabama Manufactured Housing Commission claims it should
Storm Shelters Stymied: Red Tape or Money? Read More
Drive A Tank in Kasota, Minnesota offers the opportunity to pilot three different military tanks for up to four hours, learn the history of tanks in warfare, fire historic weapons—-and crush a mobile home. Packages range from $500 to $3495 for the opportunity. AutoBlog tells MHProNews.com Drive A Tank’s Tony
A Crushing Opportunity for Manufactured Housing Read More
Four modular apartments to be built in Naramata, British Columbia (BC), Canada will provide affordable housing for seniors and persons with disabilities, continuing an ongoing trend of the Senior’s Rental Housing initiative. Federal and provincial governments contributed a combined total of approximately $720,000 through an amendment to the Canada-British Columbia
Modular Housing Rises for Canadian Seniors Read More
HousingWire tells MHProNews.com while 145 of 146 markets tracked by the National Association of Realtors (NAR) showed a drop in inventory of single-family homes, condos, and town homes by 23.2 percent in January 2012 from a year ago, the median list price fell $2,500 to $185,500 Dec. 2011 to Jan.
Homes for Sale Inventory and Median Price both Fall Read More
Benzinga tells MHProNews.com that Nobility Homes, Inc. received a letter of non-compliance from NASDAQ because the company did not file the required Annual Report on Form 10-K with the Securities and Exchange Commission (SEC) for the period ending Nov. 5, 2011. The letter, received by Nobility Feb. 10, 2012, says
Nobility in Non-Compliance Read More
All U.S. stock markets are closed Monday, Feb. 20 in observance of Presidents’ Day. The markets will observe regular hours Tuesday, Feb. 21.
Holiday for Stock Markets Read More
MHProNews.com has learned from MarketWatch that MHC owner Sun Communities, Inc., of Southfield, Michigan has purchased three RV communities in Florida for $25.0 million cash. The acquisition includes 488 permanent RV sites and 636 seasonal RV sites which are in Bushnell, Orange Lake, and Hudson Florida. When combined with the
Sun Adds Three More RV Communities to Stable Read More
