The board of directors of Equity LifeStyle Properties, Inc. (NYSE:ELS) declared a quarterly dividend of $0.325 per common share, representing an annual dividend of $1.30 per share, according to wallstreetscope.com. The dividend will be paid Oct. 10, 2014 to shareholders of record on Sept. 26, 2014. In today’s trading, Sept. …
Equity LifeStyle Properties Board Declares Dividend Read More
The number of American families who own stocks has fallen from 21.2 percent in 2001 to 13.8 percent, according to what CNNMoney tells MHProNews, noting some families had cut their exposure to stocks in order to pay household bills, while those with higher incomes are buying stocks because the bull …
Deer Valley Drops; Dow, Nasdaq, S&P Slip; Stock Ownership Falls Read More
PayNearMe and ManageAmerica are partnering to allow manufactured housing residents pay their rent and other housing costs with cash at a network of 17,000 convenience stores nationwide, according to marketwatch.com. The funds are immediately guaranteed to management, the resident receives a receipt, and the transaction takes under a minute, like …
7-Eleven and Family Dollar to take MHC Resident Rent Read More
With half a million manufactured homes in the northwest, and over 200,000 in Washington state, an energy efficient manufactured home prototype funded by Puget Sound Energy (PSE), Habitat for Humanity Seattle-King County, and Bonneville Power Administration (BPA) could help northwest utilities meet future energy conservation goals. The home, built for …
Energy Efficient Manufactured Home could Save Thousands Annually Read More
Updating a story MHProNews posted Sept. 3 regarding the increase in production of manufactured homes for July, 2014 over the previous July, the Manufactured Housing Institute (MHI) adds that 8,554 floors were shipped in July, an increase of 14.6 percent over July 2013. The seasonally adjusted annual rate (SAAR) of …
July Floors Rise; Plants and Producers Hold Steady in June Read More
Stocks remained flat in today’s trading CNNMoney tells MHProNews, as the market holds its breath in anticipation of Alibaba’s IPO, expected to be the biggest IPO in U. S. history. Additionally, CNNMoney created its own portfolio of the most important tech stocks, the CNNMoney Tech 30. Meanwhile, the Dow and …
CNNMoney creates own Tech Stock Index; Cavco Gains, Carlyle Slips Read More
Elkhart, Indiana-based Patrick Industries Inc. (PATK) is acquiring PolyDyn3, LLC, a producer of simulated stone and wood products for the recreational vehicle (RV) market, for $1.3 million. Also based in Elkhart, PolyDyn will be operated on a stand-alone basis in its current facility, according to rvbusiness.com. The interior and exterior …
MH Component Supplier Patrick Acquires RV Component Maker PolyDyn3 Read More
The Wisconsin Housing Alliance reports the production of off-site built homes is down this year, especially for modular homes, which suffered a drop of ten percent in 2013 over 2012. As biz-times.com tells MHProNews, production in 2004 was almost 700 percent higher. Pittsville Homes closed this summer after 40 years …
Manufactured Housing Growing, Modular Home Production Slipping in Wisconsin Read More
Noting the current housing market scenario is not meeting expectations most analysts predicted a year ago, Mortgage Bankers Association (MBA) CEO and President David Stevens says the changing demographic in the U. S. is going to require changes in the home financing market. “If you look at existing housing stock …
MBA’s David Stevens: Home Ownership Financing must Change Read More
The Dodge City (Kansas) Commission listened to a group of south Dodge City residents voice disapproval of plans for a 12 modular home development, with one remonstrater referring to them as “trailers,” saying property values will suffer as the result. According to dodgeglobe.com, the city’s planning and zoning board approved …
Proposed Modular Development Approved by Planning and Zoning Board Read More
According to the Manufactured Housing Institute (MHI), before leaving for the August Recess, the House of Representatives passed legislation (H.R. 5062) amending the Consumer Financial Protection Act (CFPA) – which is Title X of the Dodd-Frank Act – to provide protection against waiver of state and federal law privileges for …
Plans to site 166 new modular homes in a proposed development in Vancouver, British Columbia, Canada on both sides of the South Alouette River are raising concerns with nearby residents—and the eyebrows of district staff. The increased density for the area would move from 2.5 residential units per hectare (nearly …
Modular Housing Development to Straddle Canadian River Read More
Noted Seattle architectural firm CollinsWoerman, which MHProNews last covered April 22, 2011 as it developed plans for a multifamily modular unit in Seattle, has teamed up with Intellectual Ventures to strengthen its intellectual property regarding component parts of its modular system. The joint venture, called Innovative Building Technologies, LLC (IBT) …
CollinsWoerman Readies Patented Modular Housing Components for Market Read More
Sam Zell, Chairman of real estate giant Equity International, and Equity LifeStyles, which owns/has an interest in 380 manufactured housing and recreational vehicle communities in North America, noting corporations that have missed their expected goals were low on the revenue side, which means the demand is not there for their …
Zell, Soros, Druckenmiller and Icahn Agree: A Big Board Correction is Imminent Read More
In the continuing saga between developer Forest City Ratner and builder Skanska regarding the battle over construction of the largest modular apartment building in the world, as MHProNews posted here last Sept. 2, 2014, both parties have filed suit against the other. In its complaint, Skanska alleges “serious commercial and …
Forest City and Skanska Cross-File Lawsuits over Massive Modular Housing Project Read More
The European Central Bank is providing a stimulus to the economy, similar to the Federal Reserve’s bond-buying program, that will give regional countries more financial ability to import goods. However, markets were rather flat in today’s trading on the U.S. Big Board, as the three major indexes slipped modestly. The …
While the oil boom in the Bakken Formation area near Watford City, North Dakota has brought a lot of quick prosperity to many local residents, the character of the town is changing due to the growth of the 1,400 residents six years ago to 10,000 today. As The atlantic.com tells …
Affordable Housing still Wanting in the Bakken Oilfields area of North Dakota Read More
Eighty percent of the outstanding common stock of manufactured home builder Deer Valley Corp. (DVLY) is being acquired by software developer Peerless Systems Corp. in a deal valued at $3.68 million, according to streetinsider.com. Based in Guin, Alabama, Deer Valley builds, distributes, finances and provides warranty and repair services for …
Peerless Systems acquires Majority of Deer Valley Homebuilders Read More
The five percent fall of the Euro against the dollar over the last three months, and the slide of prices for goods leaving European factories may ring an alarm bell for other Western countries because of the close ties of the world economies. In today’s trading on Wall Street the …
MH Composite Drops again, Liberty Homes Plunges, Deer Valley Moves up Read More
According to the Manufactured Housing Association for Regulatory Reform, the U. S. Department of Housing and Urban Development (HUD) statistics reveal that production of manufactured homes jumped 18.4 percent in July over July 2013, 5,675 HUD Code homes this year as compared to 4,793 produced in July 2013. On the …
HUD Code Production Rises Nearly 20 Percent in July Read More
