MHProNews has learned from ngnews.ca that Blair van Veld was chosen vice president of the Manufactured Housing Association of Atlantic Canada (MHAAC) in February. He and his father, Tony, own Twin Rivers Properties and Home Sales in Pictou, Nova Scotia, Canada near the Northumberland Strait. The company recently acquired its …
Atlantic Canada Firm Acquiring Manufactured Home Communities Read More
According to hulldailymail.uk, the East Yorkshire company Premier Interlink, which provided modular housing for the London 2012 Olympics, will deliver five of the first 22 affordable modular homes to the Great Thornton Estate later this month. The five energy-efficient homes feature communal rainwater harvesting tanks, triple-glazed windows and photovoltaic panels. …
British Modular Firm Expanding into Energy Efficient, Affordable Housing Read More
CNNMoney said “Thank You, Janet Yellen“ after the Federal Reserve’s president announced interest rates will not rise following the Fed’s two day meeting, causing the three major indexes to surge. The Dow Jones Industrial Average shot up +227.11, +1.27 percent to end over 18k at 18,076.19. The NASDAQ gained 45.39 …
Edward DeMarco, former Federal Housing Finance Agency (FHFA) chief, says Congress’ failure to pass government-sponsored enterprise (GSE) reform and the current mortgage finance system promotes housing debt instead of home ownership. As nationalmortgagenews tells MHProNews, DeMarco says the Obama administration is trying to boost credit availability, a move that echoes …
Former FHFA Head DeMarco Slams Congress and Obama Administration Read More
The Commerce Department reports housing starts fell 17 percent in Feb. to their lowest level since Jan., 2014, to a seasonally adjusted annual rate (SAAR) of 897,000, although the future bodes well as permits for housing construction increased by three percent in Feb. “A weak first quarter is now a …
The Manufactured Housing Composite Value (MHCV) slipped -0.30 percent following gains yesterday to close at 616.8 in today’s trading. Stocks we cover related to the manufactured housing industry closed mixed or even with mostly minor changes, although Cavco fell the most, -3.48 percent. Patrick Industries moved up the most, +1.85 …
MHCV Slips, Tracked Stocks move Little; Dow Falls 128 points Read More
This graph received by MHProNews from Rob Ripperda of the Texas Manufactured Housing Association (TMHA) depicts sales of new and used manufactured homes in Texas for 2013 thru 2014. Numbers may change slightly for December as we are just past the 75-day time reporting deadline. Texas leads all other states …
MHProNews has learned from multihousingnews that Largo Group of Cos. has arranged a $33 million financing package for six manufactured home communities (MHC). Four of the communities account for $16.65 million of the total, and are comprised of 565 homesites. They are: An eighty-acre development in Raleigh, North Carolina comprised …
Largo Secures Financing for Manufactured Home Communities Read More
MHProNews has learned from prnewswire that the board of directors of Drew Industries, of Elkhart, Indiana, has declared a special dividend of $2.00 per share of common stock. The dividend is payable April 10, 2015 to shareholders of record as of March 27, 2015. Drew is a supplier of components …
Drew Board Authorizes Special Dividend for Shareholders Read More
The Manufactured Housing Composite Value (MHCV) moved up nicely in today’s trading, advancing +1.10 percent to end at 618.7, comparable to the Big Board’s day. While Wall Street waits for word from the Federal Reserve’s meeting Tuesday and Wednesday to see if interest rates will start to rise again, according …
MHVC Advances; Most tracked Manufactured Housing Stocks Fall Read More
The National Association of Home Builders (NAHB) informs MHProNews that builder confidence for for newly-built, single-family homes dropped two points in March on the NAHB/Wells Fargo Housing Market Index (MHI), hitting the lowest point in eight months. NAHB Chief Economist David Crowe and Chairman Tom Woods, noting the index remains …
Builders of Stick-Built Homes Indicate Slight Confidence Drop Read More
Manufactured Home Sliding off Foundation; State Inspector Notes Dangers MHARR Objects to DOE Energy Standards for Manufactured Housing Dow Slides Again, MHCV Slips, Skyline Advances RVIA Honors RVIC/IMHA Director Mark Bowersox UMH Properties Reports Sustained Growth for Q4 2014 Modular Hotel for Brooklyn being Built in Poland Indicators of New …
The Department of Energy (DOE) Request for Information (RFI) dealing with the DOE’s development of manufactured housing energy standards and subsequent Solar Heat Gain Coefficient for MH has elicited a strong response from the Manufactured Housing Association for Regulatory Reform (MHARR). MHProNews has learned MHARR has objected to the DOE …
MHARR Objects to DOE Energy Standards for Manufactured Housing Read More
Oil fell to $45 a barrel, according to what CNNMoney tells MHProNews, sending the Big Board on a see-saw trajectory of highs and lows for the week, as the Dow Jones Industrial Average fell 145.91 points, -0.82 percent, to 17,749.31. The NASDAQ dropped 21.53 points, -0.44 percent to end the …
In the company’s year end and Q4 conference call, UMH’s president and CEO Samuel Landy says the company acquired 14 manufactured home communities (MHC) comprised of 1,600 developed homesites for $42.6 million, representing an increase in home sites of 12 percent. In addition, UMH acquired an MHC in Erie, Pennsylvania …
UMH Properties Reports Sustained Growth for Q4 2014 Read More
A 254-room modular pod hotel slated for the Williamsburg section of Brooklyn, New York will be built in Poland and shipped to the city later this summer, according to what rew-online tells MHProNews. Developer Charles Blaichman, working with Waterbridge Capital and Irongate Development, says he picked Polcom Modular because of …
In a sign that the home-building industry is set for a busy spring season, John Burns Real Estate Consulting Inc. reports a survey of home builders indicates Feb. 2015 sales were up 12 percent from the same month last year. Gains were strongest in the West and Northwest, he says …
The Clayton Homes manufacturing facility in Rutledge, Tennessee has become the first homebuilder among members of the Manufactured Housing Institute (MHI) to receive the ISO 14001 Certification. This achievement is based on reducing waste through the recycling of building materials and lowering energy consumption. According to Wikipedia, ISO 14001 sets …
Clayton Homes Reaches International Standard for Reducing Waste and Energy Usage Read More
The Yahoo! Finance Manufactured Housing Composite Value climbed +3.30%, to end the day at 613.30, while stocks we cover related to the manufactured housing industry all closed up or even, with UFPI gaining the most at +3.71 percent. CNNMoney tellls MHProNews the Dow Jones Industrial Average regained some of the …
MHCV Rises; Dow Recovers Lost Ground, All Tracked Stocks Gain or Remain Even Read More
According to rejournals, Capital One Multifamily Finance arranged for a $9.5 million fixed-rate loan to refinance Burkhart Ridge Mobile Estates, a 306-homesite manufactured home community in Howell, Michigan, near Detroit. The ten-year loan has one year of interest-only payments and a 30-year amortization. Damon Reed, director of MHC finance for …
Capital One Scores another Manufactured Home Community Refinance Read More
