CNNMoney reports that Fed Chief Ben Bernake’s address failed to impress investors, even though big Ben said the Fed could use certain “tools” to help stimulate the economy if needed. The Dow fell 11,295.96 -118.90 (-1.04%). The Yahoo! Finance Manufactured Housing Composite index value slipped even faster, to 821.6 (-3.12%). …
Ben Blows, investors froze, stocks close low, manufactured housing slides too Read More
Fitsnews reports that Toronto Canada based Innovative Composites International, Inc. (ICI) has announced it will build a new production facility in Orangeburg County, SC. The $9.3 million investment is expected to generate 300 new jobs over five years. “South Carolina has provided us with an excellent location for our new …
CalgaryHerald reports on a story MHProNews.com has previously covered, that even ‘mobile homes’ (sic) on the Malibu, CA coast can be worth millions. Two gated, ocean-view communities in Malibu – Paradise Cove and Point Dume Club – struggled during the downturn. “In 2008 and 2009 people were just scared to …
Malibu and Maxey reminds us some ‘mobiles’ are worth millions Read More
Zacks reports that among five home-building companies tracked, the following have the lowest Current Ratios. The Current Ratio is used to get a sense of how quickly a company can repay its short term liabilities with its short term assets. Higher current ratios means the more capable the firm is …
Zacks tags Cavco in housing ranks for current ratio Read More
2011 Trends Report – top 20 trends. This video provides insights into facts that could be useful to those manufactured housing pros willing to pay close attention, and then act on what they learn. (Video credit: THTV)
DigitalJournal reports on a study by Atlas Van Lines on the latest information on why American’s move. “This infographic was developed to give readers a quick look at migration patterns and the reasons why people move,” said Jack Griffin, president & COO of Atlas World Group. “This information is of …
CNNMoney reports that the Dow rallied today to close at 11,414.86. +275.56 (+2.47%). The Manufactured Housing Composite Value: 848.0 +4.67%. Affiliated Managers Group 85.31 +5.02 (6.25%). Clayton Homes, Vanderbilt Mortgage and Finance and other MH builders, lending and housing suppliers parent company Berkshire Hathaway 106,120.00, +3,545.00 (+3.46%). Cavco Industries 35.71 +1.64 …
Sources tell MHProNews.com that momentum is building for the return of the 2012 Great Southwest Home Show. “The Great Southwest Home Show gave us a great platform to introduce and sell our Rocky Mountain Series.” said Howard McGirt, General Manager of Southern Energy Homes of Texas. Kurt Kelly of Mobile …
New March date attracting strong support for MH Show Read More
NewsJournalOnline reports that Florida-based Amicorp Inc. secured an $8.25 million dollar refinance on their 207 home-site manufactured home community, named The Oaks. Amicorp’s plans for The Oaks include having new homes built and installed on 7 vacant sites, as well as other improvements. “We were able to get a better …
GE completes 8+ Mil Refi for Manufactured Home Community Read More
BusinessInsider reports that the housing bust’s resultant weak home prices are actually masking the true rate of inflation in the U.S.. Editor Tom McClellan stated “I’ll bet you did not know that housing makes up 42% of the Consumer Price Index (CPI). All the rest of it, food, energy, clothing, …
McClellan says Housing downturn is masking true U.S. inflation rate Read More
MercuryNews reports on the ever-developing story of Capitola coast’s Sand and Surf manufactured home land-lease community. Bill Newman was featured, an 86 year old resident who protested a 250 page lease and its terms at the risk of going from from $285 to $2,500 a month on his site fees. …
Rent Control battle ground between some residents and MHCs Read More
BuffaloBizFirst reports the Parkside Village manufactured home community, one of the area’s largest has been sold. The 156-site land lease community, located on Crabapple Lane in Cheektowaga, NY was sold by Shamrock Mill Co-Parkside LLC of Paradise Valley, Ariz., to GCP Parkside Village LLC, a Clearwater, Fla.-based investment group, affiliate …
GCP wing buys Cheektowaga Manufactured Home Community for $6M Read More
Politico reports President Obama’s new Consumer Financial Protection Bureau (CFPB) and its proposed director were held in partisan gridlock at Senate confirmation hearings Tuesday. Sen. Richard Shelby (R-Ala.) reiterated his plan to block former Ohio Attorney General Richard Cordray from leading the agency, unless the CFPB is restructured as a …
Codray’s CFPB hearing heats as 44 Republican Senators demand change Read More
CNNMoney reports that the Dow Jones Industrial Average closed at 11,139.30, -100.96 ( -0.90%). While the initial fall was worse, stocks rallied later in the day. The Yahoo! Financial Manufactured Housing Composite Index bucked that trend and rose today, 810.2 up +0.46%. Affiliated Managers Group, 79.01 -1.28 (-1.60%). Clayton Homes, Vanderbilt Mortgage …
PRNewswire reports that UMH Properties will be presenting to the Philadelphia Securities Association on Wednesday, October 12, 2011. The presentation will be at at the Union League of Philadelphia, PA. Eugene W. Landy, Chairman of the Board, and Michael P. Landy, Executive Vice President, will present an overview of the …
UMH presenting to Philadelphia Securities Association Read More
Zacks reports that among the following five companies in the residential real estate investment trust (REIT) industry, Sun Communities shares ranked the best in their Debt to EBITDA ratio. The measure of a debt’s pay back is the the Debt/EBITDA. According to this metric, the longer the payback period increases …
Sun Communities shares tops residential REITs in Debt to EBITDA Ratio Read More
HattiesburgAmerican reports that $5 million for Native American tribes who face unique housing and community development challenges has been set aside by the Department of Housing and Urban Development (HUD). The award was part of a total of 46 for the $28 million Rural Innovation Fund, a new initiative by …
Opportunity Knocks via HUD’s Rural Innovation Fund Read More
Builderonline reports on the phenomenon of modular building being “a media darling.” Builder’s internal statistics are said to show that modular building articles are among their best read. Nevertheless, only 3.6% of new construction today is modular, according to the National Association of Home Builders (NAHB) Research Center. Stick framers …
Modulars media darlings? But panelizers have hotter stats Read More
MurerietaPatch reports the Murrieta City Council is set to vote Tuesday on amending its regulations for manufactured and pre-HUD Code mobile homes. “The City now desires to limit the age of a manufactured or mobile home…to promote and ensure the aesthetic quality of neighborhoods, to minimize the devaluation of communities …
Murrieta proposes new restrictions for Manufactured Homes Read More
ConcordMonitor reports that Epoch Homes, in collaboration with two Massachusetts colleges, will be part of the U.S. Department of Energy (DOE) 2011 Solar Decatholon 4D Home. Built to “Passiv Haus” specifications, the home is designed for affordability, comfort and will create more energy than it uses. Epoch CEO John Ela …
Epoch’s MOD, the Solar Decathlon at the National Mall Read More
