Patrick Industries, Inc. (PATK) reports net sales for the second quarter of 2014 hit $188 million, an 18 percent increase over the same period in 2013, and net income per diluted share of $0.86 as compared to $0.70 for Q2 2013. President and CEO Todd Cleveland says manufactured housing (MH) …
Cavco Industries, Inc. (Nasdaq:CVCO) will release its financial results for Q1 2015 on Thurs., July 31 after the close of the market, as MHProNews has learned from money.cnn.com, followed by a webcast the next day at 12:00 PM eastern time with discussion of the results led by senior management. Headquartered …
Following three months of gains, the National Association of Realtors (NAR) informs MHProNews the Pending Home Sales Index (PHSI) for June slipped 1.1 percent to 102.7 from 103.8 in May, and is 7.3 percent below June 2013. The average remains above 100, which is considered an average level of activity, …
MHProNews has learned from MyKawartha.com that the grand opening of Northern Comfort Modular Homes was held last weekend in Trout Creek, Ontario, Canada, in the northern part of the province. Joe Bennett is the owner. ## (Photo credit: marketwire.com–modular home)
Mergers of two online housing data giants and two dollar store retailers did not spur stock markets in today’s trading as investors stay tuned to Q2 GDP numbers due out this week, as well as the July jobs report and news from the Federal Reserve’s policy committee meeting, also on …
Skyline Spikes, LPX Drops; Dow, Nasdaq, S&P Barely Move Read More
A report by the non-profit Enterprise Community Partners says the lack of affordable housing is contributing to the cycle of poverty and underperformance of many Americans, according to housingwire.com. Tiffany Manuel, VP of knowledge, impact and strategy at the organization, says, “Enterprise believes stable and affordable housing is one of …
Affordable Housing Shortage Contributes to Society Ills Read More
With revenue up 15.2 percent compared to the second quarter last year, Sun Communities, Inc. (NYSE:SUI) reports earnings per share of $0.78 beat analysts’ estimate of $0.76 by $0.02 for Q2 2014. Earnings per share for Q2 2013 were $0.69 per share, as watchlistnews.com informs MHProNews . The company’s $115.40 …
A six-story, 77 unit modular apartment building has been built in Perth, Australia in ten days for $22 million, according to propertyobserver.com.au. The one-and-two bedroom apartments represent a cost savings of 12 percent, with 50 percent less waste and 30 percent more energy efficiency in construction. With units starting at …
First Modular Apartment Building in Perth, Australia Read More
In an attempt to determine the most cost effective and energy efficient home, the U. S. Department of Energy (DOE) is sponsoring a performance test administered by the Systems Building Research Alliance (SBRA), using three separate test homes built by Southern Energy Homes (Sehomes), each at a different level of …
Clayton Subsidiary Testing Homes for Energy Efficiency Read More
MHProNews has learned from insidehalton.com the Canadian Manufactured Homes Institute (CMHI) reports eleven percent of new single-family homes in 2012 were factory built homes, just one percent off an historic high of 12 percent the previous year. The CMHI envisions eco-conscious consumers see off-site home construction as a green way …
Factory-made Home-building Falls One Percent in Canada Read More
The National Association of Home Builders (NAHB) tells MHProNews data from the U. S. Census Bureau and the U. S. Department of Housing and Urban Development (HUD) reports the sale of newly-built single-family homes dropped 8.1 percent to a seasonally-adjusted annual rate (SAAR) of 405,000 in June. In addition, sales …
Sluggish earnings reports held back stocks in today’s trading, although the S&P and the Nasdaq show gains on the week, while the Dow Jones Industrial Average fell slightly overall. CNNMoney informs MHProNews the Dow Jones Industrial Average fell -123.23 points, -0.74 percent, to 16,960.57, while the Nasdaq lost -22.55 points, …
Third Ave. Value Fund Squeaks out a Gain; Dow, Nasdaq, S&P Fall Read More
The founders of Polyvulc USA, Inc. are trying to arrange an immediate sale of the company, allegedly for health reasons, according to plasticsnews.com. Fred Farrell and Larry Lambiotte began the company, making injection molded pier pads from recycled plastics as support systems for manufactured homes in Vicksburg, Mississippi in 1995. …
Manufactured Housing Component Supplier on the Block Read More
Elkhart, Indiana-based Lippert Components, Inc. (LCI) is sponsoring Logan’s Run for the Logan Center in South Bend, IN Aug. 2, an annual fundraiser for the agency that aids people with disabilities, according to RVBusiness.com. Approximately 50 chassis division employees and their families have volunteered for the event, flipping pancakes, distributing …
MHProNews.com has learned from digitaljournal.com that Zacks Investment Research has downgraded Universal Forest Products Inc.’s (UFPI) stock from neutral to underperform based on its revenue for Q2 2014 of $784.2 million, lagging the Zacks Consensus Estimate of $863 million. While earnings per share of $1.13 were 43 percent greater than …
A former Clayton Homes plant in Hartselle, Alabama has been purchased by Mitchell Investment Properties, LLC and will be leased to Aqua Marine Enterprises, Inc., manufacturer of individual and community storm shelters. Located in northwest Alabama where the 2011 tornadoes created such havoc, the shelters have been in great demand. …
The Dow Jones Industrial Average and the Nasdaq remained flat in today’s trading as the S&P inched to a new high, just short of the 2,000. mark, nudging up +0.05 percent, +0.97 points, to close at 1,987.98. CNNMoney informs MHProNews the Dow Jones Industrial Average slipped -2.83 points, -0.02 percent, …
The General Assembly of North Carolina is considering House Bill 625 which would allow a temporary transportable residential structure to be sited on lots zoned single-family residential to care for a physically or mentally impaired person, providing the housing unit complies with all federal, state and local building codes and …
North Carolina Considering Temporary MH Health Care Facility Read More
The IMHARVIC (Indiana Manufactured Housing Association Recreation Vehicle Indiana Council) reports staff members of 2nd Indiana District U. S. Congresswoman Jackie Walorski toured the Fairmont Homes factory in Nappanee, IN earlier this month. 2nd District Director Ben Falkowski and Field Representative Brian Spaulding attended the facility tour with IMHA Executive …
Indiana U. S. Representative’s Staff Visits MH Plant Read More
Southfield, Michigan-based Sun Communities, Inc., in it release of 2nd quarter 2014 financials, reports funds from operations (FFO) was $34.7 million, or $0.78 per share, versus $27 million or $0.69 per share for the comparable period in 2013. Net income attributable to common stockholders for the second quarter of 2014 …
Sun Communities Reports Positive Financials for Q2 Read More
