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 Dow closed up .52 percent on news of rebounding commodity prices to close at 12,695.92, as housing stocks all closed up or even. Palm Harbor Homes led the charge with a gain of 8.70 percent, followed by Skyline Corporation up 2.53 percent, Cavco gained 1.60 percent, Nobility Homes was […]
Dow Closes Up and Housing Stocks Follow Suit Read More
The Tampa Bay Business Journal says Deer Valley’s (NYSE:DVLY) revenue for first quarter 2011 was $4.4 million, down from the same period last year of $6.1 million, a 29 percent decline. However, net income was $134,761, one cent a share, a marked improvement over the $2.3 million loss last year
Deer Valley Posts Gain in 2011 Q1 Read More
The New England Real Estate Journal reports the Boston office of Goedecke & Co., LLC, has arranged $17 million in financing for the construction of 53 modular housing units in downtown Reading, Massachusetts, a northern suburb of Boston. The project will have underground parking, and the first floor will feature
Financing Arranged for Boston Area Modular Apartments Read More
Virtual Press Office reports from Great Britain that building officials are discovering modular building methods are gaining in popularity due to increased efficiency, sustainability and economy. Research by the Building Cost Information Service (BCIS) on behalf of the Royal Institute of Chartered Surveyors (RICS) says 63 percent of traditional building
England Leaning in the Modular Direction Read More
The Pemberton News in Pemberton, British Columbia, Canada says funding for the 22-unit modular senior apartment complex has been completed and will now be built. The federal and provincial governments had provided funding, but the units were to be built in a floodplain that required additional funds. The Pemberton Lions
Affordable Housing for Seniors in Canada Read More
The National Association of Home Builders (NAHB) says its 55+ Housing Market Index indicates that the expectation for single-family homes construction remains low. This quarterly report by the NAHB Economics and Housing Policy Group says people who may want to live in a smaller home cannot sell the larger one
Survey Says Single-family Building Stalled, Multi-Family Building Expanding Read More
Following President Obama’s disaster declaration for specific counties in Tennessee and Missouri, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has offered speedy government assistance to people in those jurisdictions ravaged by the tornadoes last month, specifically to home-owners and low-income renters. The provisions include diversion of Community
Federal Government Offering Rebuilding Assistance Following Tornadoes Read More
The Dow fell 130.33 points from a sell-off in gasoline and oil futures to close at 12,630.03, as most all housing stocks closed down. UMH gained .29 percent, but it was the only one on the plus side. Palm Harbor Homes dropped 23.33 percent, Skyline Corporation lost 4.37 percent, Cavco
Dow Stumbles from Energy Sell-off, Most Housing Stocks Follow Read More
The Canadian Press reports that manufactured community owner Killam Properties (TSX:KMP) of Halifax, Nova Scotia, Canada says its earned net income for Q1 2011 was $16.5 million, up from last year’s first quarter of $6.4 million. The share valued increased year over year from .16 cents a share to .35
Profits of Canadian LLC Owner Up Over Last Year Read More
Treasure Coast Newspapers reports that Ocean Breeze Park, an incorporated pre-HUD code community on Florida’s eastern shore just south of Fort Pierce, lost 23 percent of its population between 2000 and 2010. Founded in 1938 by Harry and Queena Hoke as a 55-plus community, it was incorporated as a town
Cooperative Community Coping with Decrease in Residents Read More
The Somerville Patch of Somerville, Massachusetts, reports a 15,000 square-foot vacant lot will soon be home to a nine unit modular housing building on Cedar Street. Plans have been approved by both the Planning Board and the Zoning Board of Appeals, and the foundation will be poured once the city
Modular Housing Building Going Up in Suburban Boston Read More
In noting the 13 percent drop in manufactured housing in the first quarter of this year over 2010, and the continued decline in the industry before the broader housing crisis settled in, the Manufactured Housing Association for Regulatory Reform (MHARR) will issue a series of briefs and fact sheets about
MHARR to Issue Series of Needed MHIndustry Changes Read More
The site near the Tunica Manufactured Housing Show in Tunica, Mississippi, has been flooded by the recent rising tide of the Mississippi River and its tributaries. Yahoo! News shows pictures of the flood waters around the casinos, and notes that the state earns $10 million a month in taxes from
Mississippi Manufactured Housing Show Site Flooded Read More
Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was
Sun Communities is Currently a Good Stock to Buy Read More
The Dow rose for the third straight day upon news of Microsoft buying Skype and positive corporate earnings reports, and most housing stocks gained as well. The Dow gained .60 percent to close at 12,760.36. In housing stocks, Palm Harbor gained 3.45 percent, Sun Communities was up 2.74 percent, Skyline
Dow and Most Housing Stocks Moved Up on Good News Read More
International Business Times reports that Housing and Urban Development (HUD) Secretary Shaun Donovan says there are 1,000 foreclosed homes in Alabama that could be available to house people left homeless by the April 29 tornadoes. Although the government does not have an exact number of how many people are
Foreclosed Homes May House Alabama Tornado Victims Read More
RV Business says Democratic U.S. Representative Joe Donnelly of Indiana will make a run for the U.S. Senate seat now held by Republican Senator Richard Lugar. Rep. Donnelly’s website says from June, 2010, in part: “Congressman Donnelly has been an advocate for the manufactured housing industry, a vital part of
Friend of Manufactured Housing to Run for U.S. Senate Read More
The Las Vegas Review-Journal says the Community Action Program of the Plumbers, Pipefitters and Service Technicians Local 525 is helping with the plumbing needs of seniors on fixed incomes who live in manufactured homes. Lou Salazar, the local’s residential business representative, started the program 13 years ago using union
Plumbers Helping Seniors in Manufactured Housing on Own Dime Read More
The Press-Enterprise reports that the city of San Jacinto, California, is planning to annex some land that includes Country Lake Mobile Home Community. Country Lake residents are protected by a rent control ordinance in Riverview County, but San Jacinto does not have rent control, so any agreement could apply only
Rent Control on the Table as City Plans Annexation Read More
Zacks says that the Berkshire-Hathaway first quarter 2011 operating earnings report shows a 49 percent drop from Q1 2010. Although total revenue gained 5.3 percent year-over-year, net income was .61 cents per share, dropping 59 percent from the same quarter last year. The loss was attributable primarily to insurance expenses
Net Income for Berkshire-Hathaway Drops in Q1 2011 Read More
