According to crazyjoys.com in Stocks in the News, UMH Properties, Inc. (NYSE:UMH), which will distribute 0.18 per share to stockholders Sept. 15, 2014, has a year -to-date performance of 9.91 percent and a quarterly performance of 2.89 percent. In Friday’s (July 18) trading the stock closed up +0.71 percent at …
Following a story MHProNews last posted June 16, 2014, the Pennsylvania attorney-general’s office is suing David Valenti, president of Wyoming Homes for alleged violations of the consumer protection laws and is seeking to permanently close the business. Twenty complaints were lodged against the business from Aug. 2011 to Dec. 2013 …
Elkhart, Indiana-based Drew Industries, Inc. (NYSE:DW) will release its second quarter 2014 financial results on Fri., August 1, 2014 before the market opens followed by a conference call at 11 AM eastern time later that same morning. As digitaljournal.com reports, the question-and-answer session will be limited to analysts and institutional …
Ignoring the invasion of Gaza and the Malaysian Jetliner downed over the Ukraine, investors bid stocks back up, recovering some of the ground lost yesterday, as CNNMoney informs MHProNews. The Dow Jones Industrial Average regained +123.27 points, +0.73 percent, to close at 17,100.18. The Nasdaq rebounded +68.70 points, +1.57 percent, …
Cavco Gains, Patrick Drops; Dow, Nasdaq, S&P Regain Lost Ground Read More
Affordable housing activists are concerned the purchase by investors of many distressed and low-cost homes will lead to rental prices too high for the low-income community in many urban areas to afford while the owners are part of an absentee corporate structure, according to a report noted in housingwire.com. “While …
Report: Investor-owned rentals not Conducive to Affordable Housing Read More
Single and multifamily housing starts plummeted 29.6 percent in the South, the nation’s largest region, for June, according to figures released by the Dept. of Housing and Urban Development (HUD) and the Census Bureau, bringing down the national average to minus 9.3 percent. The other three regions of the country …
Housing Starts and Building Permits Decline in June Read More
In its report of second quarter 2014 financials by twst.com, Universal Forest Products, Inc. (Nasdaq:UFPI) says the company’s net earnings were $21.8 million, an increase of 38.1 percent above net earnings of $15.8 million for the same period of 2013. Diluted earnings per share for the second quarter were $1.08, …
Manufactured Housing Institute (MHI) President and CEO Dick Jennison reports the Insurance Institute for Business & Home Safety (IBHS), a not-for-profit safety education and risk mitigation organization, supported by the property insurance industry, will conduct wind tests on the attached structures of two HUD-code homes at their testing facility in …
Insurance Industry Sponsoring a Manufactured Home Wind Test Read More
International news of a passenger plane being shot down in Ukraine and the Israeli invasion of the Gaza Strip once again infiltrates the stock market, sending all three indexes on a downward run, according to what CNNMoney tells MHProNews. The Dow Jones Industrial Average dropped -161.93 points, -0.94 percent, to …
Sun Ekes out a Gain, Cavco Drops; Dow, Nasdaq and S&P all Lose Read More
According to the Mortgage Bankers Association’s (MBA) Market Composite Index (MCI), mortgage loan application volume fell 3.6 percent on a seasonally-adjusted basis for the week ending July 11, 2014 compared to the previous week. On an unadjusted basis the MCI rose 20 percent from the previous week, as the worldpropertychannel.com …
Freehold, New Jersey-based UMH Properties, Inc. has closed on the acquisition of four manufactured home communities (MHCS) in the Pittsburgh area for $12,200,000, according to PRWeb.com. These all-age communities contain a total of 336 developed homesites situated on a total of 239 acres. Average occupancy for these MHCs is 84 …
While many of the Malibu, California rich and famous have $25 million and up beach estates, just a few blocks away in Paradise Cove Mobile Home Park a manufactured home may sell for $300,000, although one is currently listed at $3.75 million, according to Zillow.com. It is a 2,200-square-foot, four-bedroom …
Manufactured Homes Overlooking Pacific very Pricey Read More
Good news from China, positive earnings reports and talk of mergers in the air sent to Dow Jones Industrial Average to a new high, 17,138.20, as CNNMoney reports to MHProNews. The Nasdaq gained +9.58 points, +0.24 percent to end at 4,425.97, while the S&P nudged up +8.29 points, +0.42 percent …
Dow Sets New Record; Cavco Advances the Most of Tracked Stocks Read More
MHProNews has learned the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose four points to 53 in July, indicating more single-family home builders than not have confidence in sales prospects. This survey, having been conducted by NAHB for 30 years, gauges builder perceptions of current prospects, …
Students at California State PolyTechnique University in Pomona, California have designed a new cabin that Cavco Industries, Inc (CVCO) is building a prototype of, and will transport it to the California State Fair in Sacramento through July 27 for display. The Wedge has red cedar siding, a full bed and …
Cavco Develops Prototype of Students’ Cabin Design Read More
Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q2 2014 earnings report Thursday, July 17 at 8:30 AM eastern time, and will hold a conference call to discuss the results. While its stock opened this morning at $46.10, it has a 52-week high of $58.52 and a 52-week low of …
The owner of the Westwood Mobile Home Park in Innisfail, Alberta, Canada, is uniting with his residents in opposing a dump site the Innisfail Council is trying to locate next to the manufactured home community (MHC). Don Petersen, who has owned the community for 20 years, told 40 residents gathered …
According to wsj.com, Elkhart, Indiana-based Patrick Industries, Inc. (NASDADQ:PATK) will release its second quarter financial results before the market opens Tuesday, July 29, 2014, followed by a conference call later that same morning at 10:00 A.M. eastern time. The question-and-answer session will be limited to investors and analysts, and will …
Federal Reserve Chief Janet Yellen, noting the economic recovery is not complete, says the Fed intends to keep interest rates low, but also warned investors biotech and social media stocks may be overvalued, unusual for the Fed to hone in on equity in a particular industry. Stocks fell sharply after …
Fed’s Words Move Stocks Down, but Nobility Homes Moves Up Read More
According to what Benzinga.com tells MHProNews.com, of the ten worst performing industries for July 15, 2014, manufactured housing (MH) was number two, with a -2.13 percent loss by 11 AM eastern time. Toy and hobby stores were number one at -2.83 percent. Ranked third was drug-related products which came in …
