Stocks returned to gains to end the week on a higher note following the government’s announcement that third quarter economic activity was actually higher than previously thought, as the three major indexes posted positive results. CNNMoney reports the Dow Jones Industrial Average gained 42.06 points, +0.26 percent, to close at …
Cavco, Skyline Lead the Gains Among Tracked Housing Stocks Read More
According to kdhnews.com, Joseph and Chris Dillow’s Christmas display earned first place and the People’s Choice award in the manufactured home category for the 14th Annual Heights Lights on Parade Outdoor Lighting and Decorating Contest in Harker Heights, Texas. Their decoration has several moving parts choreographed to music, MHProNews has …
Couple Wins Top Prize for Christmas Decorated Manufactured Home Read More
The dailytimes.com reports from Franklinton, Louisiana the Parish Council Infrastructure Committee is considering preventing manufactured homes from being moved into the parish if they were constructed over 25 years ago, but existing homes can be moved from site to site within the parish regardless of age. The goal is to …
Committee Considers Restrictions on Manufactured Homes in the Parish Read More
A report from CBRE, the world’s largest commercial real estate services firm, states that multifamily rents will increase 2.5 percent a year for the next three years, with the pace of construction leveling off at 216,000 units each year through 2018. It has been 3.9 percent growth a year since …
Following a story MHProNews last published Dec. 16, 2013, concerning the possibility of a tax on owners of manufactured homes imposed by the Australian Taxation Office (ATO), the proposal has been withdrawn by the ATO after an uproar from manufactured homeowners and politicians. The goods and services tax (GST) would …
Australia Drops Proposed Tax on Manufactured Homes Read More
Marking the third consecutive month of falling sales, the National Association of Realtors (NAR) reports sales of previously-owned homes edged down 1.2 percent to a seasonally-adjusted annual rate of 4.9 million homes sold. The combination of rising mortgage rates, low inventory of available homes and tight credit have contributed to …
City officials in Port Lavaca, Texas have imposed a six month ban on the development of new manufactured housing communities (MHCs) to allow the creation of new regulations. In the wake of the oil boom in the area, according to victoriaadvocate.com, two developers had applied for permission to build MHCs, …
Investors stepped back from the market following yesterday’s run-up after the Federal Reserve announced it would begin tapering its stimulus in the coming months. CNNMoney reports the Dow Jones Industrial Average gained a mere +11.11 points, +0.07 percent, to close at 16,179.08. The Nasdaq dropped -0.29 percent, -11.92 points, to …
Patrick Industries Gains, Nobility Homes Falls, Dow Nudges Up Read More
Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while …
Announcing financial results for its fiscal year ending Nov. 2, 2013, Nobility Homes, Inc. reports sales increased 17 percent to $18,525,950 as compared to $15,834,971 for the same period last year. Net income after taxes for the year rose to $747,106 from $49,759 FY 2012. Diluted earnings for the year …
Nobility Homes’ Revenue and Income Rises in 2013 Versus 2012 Read More
After going through a nasty foreclosure, architect Macy Miller of Boise, Idaho did not want to deal with a mortgage or banks, and built her own 196 square foot modular home on a flatbed truck for $11,400. Doing most of the work herself, the home has a king-size bed, an …
Architect Stuart Emmons of Portland, Oregon has designed a 265-square-foot, modular, mini-studio for homeless people called I’mHome. After seeing shipping containers converted into living quarters in China, Emmons, realizing a container could not comply with the Americans with Disabilities Act (ADA), took a different approach, designing the modular nine-unit Kah …
Portland Architect Designs Modular Studio Unit for the Homeless Read More
Drew Industries, Inc. subsidiary Lippert Components, Inc. has acquired Fortress Technologies LLC of Middlebury, Indiana for $3.3 million. Fortress is a specialized manufacturer of recreational vehicle (RV) chassis with an estimated annual sales revenue of $3 million, according to RVBusiness.com. “The people and assets we’ve added from Fortress Technologies will …
Investors responded positively to the Federal Reserve’s decision to begin tapering its $80 billion monthly stimulus to keep interest rates down, sending the Dow skyward 300 points. CNNMoney reports the Dow Jones Industrial Average spiked 292.31 points, +1.84 percent, to close at 16,167.97. The Nasdaq gained 1.15 percent, +46.38 points, …
Most Tracked Housing Stocks, Three Major Indexes All Rise Read More
The 18 manufactured housing (MH) and recreational vehicle (RV) communities in San Angelo, Texas, each have different variances and maintenance regulations, and the city wants to establish uniform ordinances in response to the influx of workers drawn by the Eagle Ford Shale oilfield in southwest Texas. Concern resonates among city …
City Strives to Govern Manufactured Housing and RV Communities Read More
In November housing starts rose 22.7 percent to a seasonally-adjusted annual rate (SAAR) of 1.09 million, according to data from the U. S. Department of Commerce, the highest rate since Feb. 2008. Additionally, Bloomberg.com informs MHProNews permits for new housing hit close to a five-year high, indicating construction will continue …
Housing Starts: Growing Demand Trumps Higher Mortgage Rates Read More
The U. S. Department of Housing and Urban Development is providing $14.8 million in redevelopment funding for approximately 19,000 seniors with low-to-very low incomes in order to prevent their displacement from 1,700 units located in 12 properties across six states. Part of HUD’s Section 202 “Supportive Housing for the Elderly” …
Following up the story MHProNews posted Dec. 11, 2013 regarding workforce housing and recreational vehicle (RV) regulations in Richland County, Montana, County Planner Marcy Hamburg says any parcel of land that is also rented/leased as temporary housing–RVs, park models, modular, campers, travel trailers, skid units—is considered a subdivision. As such …
Montana County Enforces Workforce Housing Regulations Read More
During Q3 2013 an additional 791,000 U. S. homes returned to positive equity as home values continue to rise, bringing the number of mortgaged residential properties with equity to 42.6 million. The number of homes remaining in negative equity fell from 7.2 million at the end of the second quarter …
The board of directors of Canada-based Killam Properties, Inc. has declared a monthly dividend of $0.04833 per common share to be paid on Jan. 15, 2014 to shareholders on record as of Dec. 31, 2013. As 4-traders.com reports, the company offers shareholders the opportunity to reinvest their dividends in additional …
Canada’s Killam Properties Declares Monthly Dividend Read More
