The board of directors of UMH Properties, Inc. (NYSE:UMH) of Freehold, New Jersey, has declared a quarterly cash dividend on the company’s common stock of $0.18 per share payable Sept. 15, 2014 to shareholders of record as of Aug. 15, 2014. In addition, the board declared a quarterly dividend of …
UMH Properties Declares Common and Preferred Stock Dividends Read More
In an attempt to strengthen the state’s housing market, Virginia has passed a measure that allows first-time home buyers to invest up to $50,000 in any financial institution, free of state taxes on any earnings, provided the money is used to buy a home in the state. Called the First-time …
Manufactured Homes Included in Homebuyer Savings Plan Read More
Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), informs MHProNews only 43 manufactured homes were ordered by retailers in Iowa during Q1, 2014—just six in the month of January—a drop of 15 homes, 26 percent, compared to the same period in 2013. For the last three …
Orders for Manufactured, Modular Homes Drop in Iowa Read More
John Williams, president of the Federal Reserve Bank of San Francisco, while expressing optimism the economy is well on its way to recovery, says the Fed will need to keep interest rates near zero until the middle of next year. Speaking to members of the Utah and Montana Bankers Association, …
Regional Fed Head Says Interest Rate Will Remain Low Read More
New money from mutual funds and other big investors are entering the stock market to kick off the second half of the year, driving the Dow Jones Industrial Average and the S&P 500 to new record highs. As CNNMoney informs MHProNews, the Dow rose +129.47 points, +0.77 percent, to 16,956.07, …
UFPI Gains over 3 Percent; Dow, S&P Hit new Record Highs Read More
Yorkshire, England entrepreneur Andrew Foreman has entered a 50/50 joint partnership worth $8 million with Marcol Group, a property investment company, to grow three modular building companies near Beverley on the Catfoss Industrial Estate. Catfoss Eco Modular Living Ltd manufactures modular buildings for homes and business. Catfoss Modular and Portable …
Three UK Modular Businesses Combined for Sustained Growth Read More
As the Michigan home market continues to improve, lenders say they are seeing more millennials, those in their 20s to 30s, now buying homes, comprising 31 percent of home buyers. The uptick is reaching the manufactured housing (MH) market as well. As digitaljournal.com reports, Sharon Crowe of Parkhurst Homes in …
According to worldpropertychannel.com, the National Association of Realtors’ (NAR) Pending Home Sales Index increased from 97.9 in April to 103.9 in May, the largest rise since April 2010 (9.6 percent) when first-time homebuyers beat the deadline to take advantage of the popular tax credit then available, as the government was …
Pending Home Sales Rise in May, but Lagging Behind Last Year Read More
After being voted the best place to buy manufactured and modular housing in the Best of Maury County (Tennessee) reader’s poll, Keith Baker Homes is closing its doors after 38 years in business. “We were voted the best in Maury for many years for which I want to express our …
Tennessee HUD and Mod Dealer Closing after nearly Four Decades Read More
While the three major indexes closed mixed on the last day of trading for June, the S&P 500 gained six percent for the first six months of the year, the Nasdaq is up 5.5 percent and the Dow Jones Industrial Average gained 1.5 percent for the first half. On the …
Patrick Industries Gains over 8.5 percent after Two Straight Trading Days Read More
MHProNews has learned from moosejawtimes.sk.ca in Saskatchewan, Canada, Sunflower Manor in Moose Jaw had its official grand opening June 23, the first multifamily modular housing unit in town. The nine modules, comprising six apartment units, were built in Winnipeg, Manitoba, Canada by Winkler Construction and then stacked to form the …
Lippert Components, Inc. (LCI) a wholly-owned subsidiary of Drew Industries, Inc. of Elkhart, Indiana announces its exclusive agreement with Shanghai Lixin Trading Co. Ltd. for the distribution of LCI products to the growing Chinese caravan, recreational vehicle and utility trailer markets. Shanghai Lixin recently created a special division to deal …
A questioner writes to “Anne” of the democratandchronicle.com in Rochester, New York, saying when she and her husband sold their manufactured home in a community and asked the community manager for the return of their security deposit, he replied they had to produce all three years of receipts because they …
A major player in the manufactured housing industry in Elkhart County, Indiana since 1964 passed away June 25. Jack Tuff, founder of Tops Mobile Home Centers and several manufactured housing communities, and an early supporter of what became the RV/MH Hall of Fame, began his MH career in Fort Knox, …
While the tech-heavy Nasdaq finished the day’s trading at a 14-year high, the Dow Jones Industrial Average and the S&P 500 did finish with modest gains to end the week. The Nasdaq advanced +0.43 percent, +18.88 points to end the day at 4,397.93, while CNNMoney informs MHProNews the Dow nudged …
Patrick Tops Gainers in Tracked Housing Stocks; Nasdaq Ramps up Read More
RVBusiness.com reports Elkhart, Indiana-based Patrick Industries, Inc. has acquired Foremost Fabricators LLC, a manufacturer of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily for the recreational vehicle (RV) market. While expected annual revenues will total $75 million, MHProNews has learned the net purchase price …
Patrick Acquires Aluminum Products Producer Foremost Fabricators Read More
While many analysts and pundits predicted first quarter 2014 growth at 2.6 percent, in fact the economy shrank 2.9 percent, more than the minus one percent initially reported at the end of May. The only times gross domestic product (GDP) has fallen more than 1.5 percent has been just before …
Is Housing Dragging on the Economy, or is the Opposite True? Read More
The Dow Jones Industrial Average got spooked early in today’s trading by worries about interest rates, dropping quickly to 16,750, then managing to close almost 100 points higher at 16,846.13, although still losing -21.38 points, -0.13 percent, as CNNMoney tells MHProNews. The Nasdaq slipped -0.71 points, -0.02 percent, to end …
Liberty Homes Stock Skyrockets; Dow, Nasdaq, S&P Slip Read More
The Dow Jones Industrial Average regained nearly half of what it lost yesterday, moving up +0.29 percent, + 49.38 points, to close at 16,867.51. CNNMoney tells MHProNews the Nasdaq regained +29.40 points, +0.68 percent, to end the day at 4,379.76, while the S&P 500, which had been on a tear …
Cavco Gains Most in Second Straight Day of Trading Read More
Under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) can issue a cease-and-desist order to shut down any business at any time, preventing the business from re-opening until either the government gives its approval or a court ruling is issued. Due to the usual slow movement of bureaucracies and …
Consumer Financial Protection Bureau Disarming Arms Merchants Read More
