The Dow spent most of the day in the green and ended with a third percent gain of 41 points. The Manufactured Housing Composite Value gained more that one percent. Big gainers included previously mentioned UMH Properties, up more than four percent, as well as Barnes Group and Cavco, each …
FMI, the largest provider of management consulting, investment banking and research to the engineering and construction industry, reported that as of the 4th quarter, the Non-Residential Construction Index has been in positive territory for three quarters in a row. In its query, FMI found the long recession brought about many changes …
Growth Projected for Modular Commercial Construction Read More
UMH Properties announced that on December 15, it closed on the acquisition of five manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000. With this closing, UMH owns 35 communities containing approximately 8,000 sites. UMH says these all-age family communities total 824 sites situated on 215 …
UMH Properties Closes On Five PA Manufactured Home Communities Read More
CNBC reports Berkshire Hathaway is issuing $500 million of new notes to refinance a mortgage-lending unit. Berkshire uses the money to finance mortgages for people who buy homes from its manufactured homes unit, Clayton Homes. The report indicates investors can buy the bonds in thousand-dollar increments, with a minimum purchase …
Connexion Technologies recently partnered with The Hope Center, a non-profit serving Gwinnett Estates, a manufactured home community in Loganville, Georgia. Connexion Technologies donated 12 laptops as well as high speed Internet service for the center. The Hope Center is a community outreach ministry of Graystone Church at the Gwinnett Estates. This …
Connexion Creates Technology Center for Manufactured Home Community Read More
The Commerce Department’s U.S. Census Bureau released data on new residential construction in November 2010. Permits for new housing units declined four percent in November, compared with private-sector expectations of a moderate 1.4 percent rise. Housing starts increased 3.9 percent, below private-sector expectations of a 6.0 percent increase. However, with …
RealtyTrac released its U.S. Foreclosure Market Report for November 2010 on Thursday, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 262,339 U.S. properties in November, a 21 percent decrease from the previous month and a 14 percent decrease from November 2009. One in every 492 U.S. …
Foreclosure Activity Decreases 21 Percent in November Read More
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 …
Mortgage Applications Decrease in Latest MBA Weekly Survey Read More
Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Wednesday. “Builders are bracing themselves for a slow holiday season as a number of factors continue to …
ChinaDaily reports that an egg home that made its way through the annals of the internet is now gone from its parking space. The 6-square-meter mobile “egg home” that was built by its 24-year-old owner as a personal solution to the city’s sky-high rents may have been a tool in …
The Dow was up most of the day, but finished the day 19 points in the red. While the Manufactured Housing Composite Value was also off, several stocks in the category performed well. Axle maker TJT Inc was up 13 percent, All American Group was up nearly four percent and …
U.S. Rep. Joe Donnelly’s name is being tossed around as a potential candidate for Indiana Governor in light of retiring Sen. Evan Bayh’s announcement that he won’t run for the office. According to the South Bend Tribune, his recent Republican opponent, Jackie Walorski is also hinting at a possible rematch …
Walker & Dunlop, Inc. announced Wednesday the pricing of its initial public offering of 10,000,000 shares of common stock at $10.00 per share. Established in 1937, Walker & Dunlop is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on …
Walker & Dunlop Announces the Pricing of Its Initial Public Offering Read More
Yesterday we reported on a story from WAFB in Port Allen, in Port Allen, Louisiana that used the terms manufactured, mobile and trailer interchangeably. We were able to reach Port Allen Fire Chief Rick Boudreaux by phone Wednesday. While he couldn’t confirm the year the home at the Dudes Trailer …
A rash of errors in reporting on stories about mobile homes and fires is leaving readers with the false impression that manufactured homes are more prone to fire. An article on fire safety in the Lancaster, Ohio Eagle Gazette states, “for owners of manufactured homes, it’s even more important to …
Heading to the Louisville Manufactured Housing Show January 12-14? The latest newsletter from Dennis Hill at Show Ways has updated information about exhibitors, hotels and seminars that will include information on effective pricing, self-financing and how to dominate your local market. The newsletter contains an up-to-date list of exhibitors including …
The Dow moved ahead 48 points Tuesday, but the Manufactured Housing Composite Value ended the day modestly lower. The index was off just under one percent. The biggest gainers included Nobility Homes, up nearly two percent to $7.75 a share, while UMH Properties closed up a little more than one …
If he wanted to, Warren Buffett could have brought manufactured housing issues into the White House today. While the specific topics of discussion weren’t available, Buffett was there with Microsoft co-founder Bill Gates to give President Obama ideas on how to keep America competitive. Buffett’s Berkshire Hathaway, of course, owns …
Buffett Meets with President Obama on Keeping America Competitive Read More
Channel WAFB in Louisiana ran a story Tuesday titled Flames destroy manufactured home in minutes. We asked an expert, who says visual evidence from the photo suggests this is a pre-HUD Code mobile home, not a manufactured home built to the federal safety standards established by the HUD Code. Thus …
Scorched Louisiana Home Likely Misidentified as Manufactured Read More
From Florida, the Herald Tribune reports that residents of Country Lakes Villages, a two-property manufactured home community, have completed their bid to buy their properties for $31 million. According to the report, the homeowners bought the Palmetto property from California-based Country Lakes MHP Communities LLC. The deal that just closed …
