Volume on the big board was light in approach of the holiday season, although all three major indexes did advance, modestly at best. CNNMoney reports the Dow Jones Industrial Average gained just +0.26 points, essentially +0.00 percent, to close at 16,072.80 points. The Nasdaq gained +0.58 percent, +23.18 points, to …
Cavco, LPX Notch Sizable Gains; Major Indexes Improve Modestly Read More
The latest news from the RealtyTrac Residential Sales Report indicates the national median sales price of all residential properties, including distressed and non-distressed, remained at $170,000, the same as Sept., but six percent higher than a year ago Oct. Additionally, HousingWire says this marks the 18th consecutive month of median …
The National Association of Home Builders (NAHB) reports the issuance of new building permits rose 6.2 percent in Oct. to a seasonally adjusted annual rate of 1,034 million units, an increase over Sept.’s 5.2 percent rise to 974,000 units. Of this, multifamily rose 15.3 percent to 414,000 units, while on …
County commissioners in Butte, Meade and Harding Counties are in different stages of preparation for the possibility of modular workforce mancamps should the 36-inch Keystone XL pipeline be approved to move oil from Canada to Texas. Neither Butte nor Meade has a zoning ordinance, and Harding County’s is for “conditional …
South Dakota Prepares for Potential Modular Workforce ManCamps Read More
Champion Home Builders opened a second manufacturing facility at its 30-acre Lake City, Florida location this week (Nov. 18, 2013), adding 45 new jobs, according to digital-journal.com. The 70,000 square foot facility re-establishes the Redman Homes manufactured housing brand that has a respected name in the Southeast, but closed in …
Manufactured Home Builder Opens Second Production Facility Read More
Stocks on the big board closed mixed on news of a housing market recovery somewhat stalled by a drop in pending home sales, although the Dow rose to another high. CNNMoney reports the Dow Jones Industrial Average gained just +7.77 points, +0.05 percent, to close at 16,072.54 points. The Nasdaq …
Manufactured housing (MH) component supplier Universal Forest Products, Inc. (UFPI) will began trading ex-dividend Nov. 26, 2013 with a cash dividend of $0.21 per share to be paid to shareholders Dec. 15, 2013, representing a five percent increase over the prior quarter. According to nasdaq.com, its current shares of stock …
SeekingAlpha.com reports manufactured housing community (MHC) proprietor UMH Properties owns 74 communities comprised of 13,400 developed home sites with an average occupancy rate of 82 percent. Forty-three of the communities, representing 46 percent of the holdings, are in the Utica and Marcellus Shale acreage that is being developed by energy …
Elkhart, Indiana-based Drew Industries, Inc. has announced a special cash dividend of $2.00 per share of common stock to stockholders on record as of Dec. 20, 2013, payable on Jan. 6, 2014. “We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Jason Lippert, …
The Multifamily Production Index (MPI) of the National Association of Home Builders (NAHB) hit 54 in the third quarter, seven points less than the second quarter but the seventh consecutive rating above 50. The MPI measures construction of low-rent units, market-rate rental units and condominiums, where a number above 50 …
The largest Malysian state, Sarawak is one of two Malaysian states on the island of Borneo. Tan Sri Abdul Taib Mahmud is the Chief Minister of Sarawak, one of two Malaysian states on the island of Borneo, and the largest Malaysian state. According to malaysia-chronicle.com, his family won the contract …
While the percentage of Millennials (ages 18-31) moving back with their parents rose from 34 percent in 2009 to 36 percent in 2012, as MHProNews reported Aug. 6, 2013, Trulia.com reports multi-generational living is going in another direction as well: The number of seniors living with their children and other …
Seniors Joining Millennials in Ranks or those Living with Relatives Read More
A new rule proposed by the Minnesota Dept. of Labor and Industry would require a sprinkler system in all new homes over 4,500 square feet, including manufactured and modular homes, according to redwoodfallsgazette.com. During a tour of Schult Homes with state legislators, Mark Brunner, president of the Minnesota Modular and …
Sprinklers may be Required in Manufactured and Modular Homes Read More
According to the analytic firm Zillow, 10.8 million homeowners still owe more than their house is worth, a drop of over 4.9 million from the high point of Q1 2012, which represents a 21 percent decline when the negative equity peak was 31.4 percent of all homeowners. In Q2 2013 …
Slowing Home Appreciation Means Positive Equity Distant for Underwater Borrowers Read More
Modular home builder Homes by Vanderbuilt of North Carolina is donating $1 to the Marine Corps’ Toys for Tots program for every “Follow” it receives on its Google+page from now until Dec. 20. Tom Van de Reit of the Sanford, NC-based company says the Google+ platform is an important social …
On second reading, the Goshen (Ind.) City Council put a stamp of approval on Lippert Components’ request for annexation of a 56-acre parcel Lippert intends to use for expansion. The plot is located outside the city but borders the city limits. RVBusiness reports the acreage will be zoned Manufacturing-1 Industrial, …
Concerns that the market is overheating were offset by investors expectations that the Fed’s bond buying will continue for the foreseeable future, driving the Dow and the S&P to all new highs. CNNMoney reports the Dow gained +54.78 points, +0.34 percent, to end the week at 16,064.77. The Nasdaq moved …
Dow, S&P Mark New Territory; Tracked Housing Stocks Mixed Read More
UFP New London, a subsidiary of Universal Forest Products, Inc. (UFPI), received approval from the Stanfield Town Council and the Stanly County Board of Commissioners in North Carolina for an economic incentive to use a local building for a heat lamination and assembly operation. The incentives require UFP to create …
Publicly-owned investment company Capital Southwest Corp. (Nasdaq:CSWC) has announced that Kelly Tacke has joined the firm as Senior Vice President, Chief Financial Officer (CFO), and Treasurer, having moved over from Palm Harbor Homes, Inc. where she served as Executive Vice-President and CFO. Palm Harbor is a subsidiary of Cavco Industries, …
Affordable Housing International (AHI) of Hong Kong is offering modular units shipped from China in one to four-bedroom models that can be stacked for a four-story apartment building, made into single-family homes, duplexes and row houses as well.. The STELETE houses offer foam insulated concrete cores that provide 20 times …
Modular Builder Offers Affordable Quick-ship Dwellings Read More
