The S&P hit a new high for the second day in a row, closing at 1890.90, up 5.38 points from yesterday, adding +0.29 percent. Meanwhile, the Dow Jones Industrial Average rose +40.39 points, +0.24 percent, to end at 16,573.00. The Nasdaq nudged up +0.20 percent, +8.42 points, to finish the …
S&P Reaches another High Point; UFPI Gains, Patrick Falls Read More
MHProNews.com has learned the board of directors of manufactured housing community owner UMH Properties, Inc. (UMH) has declared a quarterly cash dividend of $0.18 per share of the company’s common stock effective June 16, 2014 to shareholders of record May 15, 2014. Additionally, on April 1 the board declared a …
UMH Properties Declares Dividends for Preferred and Common Stock Read More
A new automation project for the rental industry allows tenants to unlock/lock their doors, set thermostats and lights and control appliances from anywhere with their smartphone. As 9news.com informs MHProNews.com, Denver-based Rentbits’ program, called Remotely, can also pay rent and arrange maintenance work. From the landlords’ perspective, the technology can …
According to seekingalpha.com, Berkshire Hathaway’s stock (BRK.A) (BRK.B), is undervalued by 15 percent as it continues to generate solid performance from its business units and its marketable securities. Having bought up many desirable investment opportunities in the marketplace, the company will not continue to garner the 19.8 percent returns it …
Updating a story MHProNews.com posted Nov. 18, 2013, regarding property specialist Ingenia Communities’ acquiring more manufactured housing communities (MHCs) in Australia, theage.com.au reports the company has doubled investors’ money. Ingenia’s head, Simon Owen, says, “We are targeting the lower to middle market, which is people reliant on the pension to …
Aussie Firm sees Big Returns from Manufactured Homes Read More
The New York Housing Association (NYHA) will once again host the annual Spring Symposium and Legislative Summit May 5-6, 2014 in Albany at the Empire State Plaza Convention Center, similar to last year at this time, as MHProNews reported April 24, 2013. State Senator Catharine Young, Housing Committee Chair, and …
Annual Manufactured Housing Symposium to be Held in Albany, New York Read More
History tells us stocks have returned an average gain of 1.7 percent every April for the last 40 years, according to Schaeffer’s Investment Research, and this April has begun with a spring in its step, as CNNMoney tells MHProNews. The Dow Jones Industrial Average rose +74.95 points, +0.46 percent, to …
Modular workforce supplier Black Diamond Group Limited (TSX:BDI) will hold its annual meeting of shareholders on Thursday, May 8 at the Calgary, Alberta, Canada Hyatt Regency, according to dcnonl.com. Through its direct and indirect wholly-owned subsidiaries, Black Diamond rents and sells modular workforce housing, and provides associated support services to …
Updating a story MHProNews posted Dec. 18, 2013, regarding a Texas town attempting to standardize ordinances for manufactured housing and recreational vehicles, the San Angelo City Council continues to work on draft legislation regarding size, spacing and buffering standards. As gosanangelo.com reports, the council tabled the measure because of a …
Manufactured Housing Ordinances Tabled in SW Texas Read More
To expand the company’s business in east Texas and Louisiana, Universal Forest Products, Inc. (NASDAQ:UFPI) has acquired a 50 percent stake in Upshur Forest Products, LLC, which has sawmill facilities in Gilmer, Texas. “Among our strategic goals is to grow our industrial business, and we’re doing that in a steady …
Universal Forest Products Acquires Sawmill in Texas Read More
The Cape Henlopen School District on Delaware’s eastern coast has asked for a property tax increase to build a 720-student elementary school and add six classrooms to existing schools, according to delawareonline.com. The increase would amount to $0.27 on $100 assessed valuation. If the referendum fails, MHProNews.com has learned the …
Following a story MHProNews.com last posted March 12, 2014 regarding possible settlement of a proposed modular development in Ridgefield, Connecticut that has seen its share of legal wrangling since Sept. 20, 2012, we have learned the project’s architect threw another “saw” (as in “monkey wrench”) into the works: The resubmitted …
Connecticut Modular Development Hits another Clench Read More
Funded with a $1 million community development block grant from the U. S. Department of Housing and Urban Development (HUD) and administered by the Kentucky Department for Local Government (DLG), local, state and federal officials participated in groundbreaking ceremonies March 28 for the next phase of the Houseboat to Energy …
Production Conversion: From Houseboats to Modular Homes Read More
Market research company for the manufactured housing industry, JLT & Associates, after studying the Michigan manufactured home market from 2000 to 2014, has determined that occupancy rates for the 315 all age communities in the state has stabilized at 74 percent as of Feb. 2014, after a steady decline from …
Stocks crossed the finish line of March running as the three major indexes all advanced, the Dow Jones Industrial Average rising +134.6 point, +0.82 percent, to end the month at 16,457.66. The Nasdaq gained +43.23 points, +1.04 percent, to finish the month at 4,198.99, while the S&P added +14.72 points, …
Affiliated Managers Group Leads the Pack in Tracked Housing Stock Gains Read More
Updating a story MHProNews.com first posted May 7, 2012 regarding Honda Motor Company’s plans to build homes operating on a combination of gasoline, solar cells and a rechargeable battery, a showcase Honda Smart Home home is now finished following a grand opening March 25 at the University of California-Davis. Features …
Acropolis Management Services LLC (AMS) of Providence, Rhode Island has assumed management of Twin Coach Estates manufactured housing community in Lakeville, Massachusetts. In addition to this 67 homesite community, AMS recently received a contract to manage Edgeway Mobile Home Park in Middleboro, MA. As MHProNews.com reported here Aug. 24, 2012, …
The Long Beach Multi-Service Center in California works with a series of other social service agencies on behalf of the city’s homeless with showers, transportation, mental and physical health care, case management, housing and other supportive services. As MHProNews. has been informed by presstelegram.com, the center will close in April …
Modular Offices to Take up Slack during Improvements Read More
Manufactured housing component supplier Lippert Components, Inc. (LCI) is moving its production facility that makes mattresses and furniture for the recreational vehicle (RV) division into a 366,000 square-foot building vacated last year by Cequent in Goshen, Indiana. Cequent makes towing and trailer parts, as well as electrical and cargo carrying …
The 60th anniversary of the “Original” Western Massachusetts Home & Garden Show will feature a fully landscaped and furnished modular home courtesy of Elite Modular Homes of Chicopee, Mass, as MHProNews.com has learned. The 350-plus vendors at the Big E fairgrounds in Springfield will include banks and contractors. Show attendees …
