Real estate investment trust (REIT) UMH Properties, Inc. will host a webcast to report on its second quarter 2014 financial results Friday, Aug. 8, 2014 at 10:00 AM, after releasing the numbers, Thursday, Aug. 7, according to marketwatch.com. To participate click on the company website www.umh.com. As MHProNews understands UMH …
The three indexes turned in a good but not great report of gains in today’s trading, as tech stocks pulled the averages up, according to what CNNMoney informs MHProNews.com. The Dow Jones Industrial Average gained 27.48 points, +0.16 percent, to end the day at 16,808.49. The Nasdaq moved up the …
LPX Edges Up, Skyline Slips; Dow, Nasdaq and S&P Nudge Upward Read More
The acquisition of much larger Fleetwood Homes by manufactured and modular home builder Cavco Industries, Inc. of Phoenix, Arizona, originated during the 2008 financial crisis when Third Avenue Value Management Fund, which has been following the MH industry, contacted Cavco’s CEO Joe Stegamyer and together they purchased bankrupt Fleetwood in …
Third Avenue Management Pleased with Cavco Investment Read More
Riverstone Communities has acquired Medley Mobile Home Park, a 202-home site manufactured housing community (MHC) in northwest Miami-Dade County, sold by Andrew Ginsburg’s 7200 Corp. According to bizjournals.com, while the Dade County Appraiser assessed the property for $3.8 million, the $12 million price paid represents $59,405 per each site. MHProNews …
Builder confidence for single-family, newly-built homes rose four points to 49, one point shy of the mark for what is considered “good” building conditions. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The result of a monthly survey NAHB has been conducting for 30 years, …
Single-family Home Builders One Point more Confident Read More
The threat of upheaval in Iraq and possibility of disruption of oil deliveries and subsequent rise in oil prices did not deter investors totally, although gains were modest for the three major indexes on the first day of the week’s trading. The Dow Jones Industrial Average gained 5.27 points, +0.03 …
LPX, Patrick Register Gains; Nobility, Skyline Fall Read More
Drew Industries, Inc. (DW) has announced that its wholly-owned subsidiary, Lippert Components, Inc. (LCI), has acquired the recreational vehicle (RV) business of Actuant Corporation for $33.5 million, according to marketwatch.com. The manufacturer of leveling systems, slideout mechanisms and steps primarily for the RV business under the Power Gear® and Kwikee® …
Updating a story MHProNews posted June 12, 2014 regarding theft charges against Wyoming Homes owner David Valenti of Moosic, Pennsylvania, citizensvoice.com reports he is also entangled in a dispute over property he leased and then allegedly refused to vacate after it was sold in April, 2013, leaving behind a manufactured …
In a letter to “Anne” of the democratandchronicle.com in Rochester, New York, a manufactured home community resident says he wants to sell his home, and after submitting a written notice to the community manager was told he is not allowed to put a sign on the house, has to offer …
With an lack of affordable housing availability that housing officials say borders on a crisis, Gary Knight of Bend, Oregon wants to develop ten acres into a manufactured housing community (MHC) if the Deschutes County Planning Commission will change the development code and allow for rezoning. The owner of Juniper …
A full moon and Friday the 13th did not put a hex on the Big Board as the Dow Jones Industrial Average gained modestly, +41.49 points, +0.25 percent, to end the week at 16,775.74. CNNMoney tells MHProNews the Nasdaq moved up +13.02 points, +0.30 percent, to end at 4,310.65, while …
Nobility Homes Spikes on Earnings Report; Dow, Nasdaq, S&P Gain Modestly Read More
For the second quarter ending May 3, 2014, Nobility Homes (NOBH) reports sales increased 94 percent over the same period last year, $7,416,086 versus $3,813,619 Q2 2013. Net income after taxes was $284,900, compared to a loss of $47,021 last year. According to marketwatch.com, diluted earnings per share rose from …
Seattle, San Francisco, San Jose, Los Angeles, and San Antonio are the top five housing sellers markets, according to Zillow.com. These cities have the shortest selling time and sold prices are often at or above asking prices. Chicago, Cleveland, Pittsburgh, Tampa and Philadelphia are the best for buyers because they …
Housing Sellers’ Markets? Go West. Buyers Markets? Eastern U. S. Read More
The owner of Wyoming Homes in Moosic, Pennsylvania has been charged with theft for allegedly receiving down payments for modular homes and neither delivering the goods nor returning the money. According to citizensvoice.com, David Valenti has been charged by Luzerne County detectives in their criminal complaint with two counts of …
As oil prices rise due to conflict in the Middle East, stocks fall—a pattern that is not new. CNNMoney tells MHProNews the Dow Jones Industrial Average lost -109.69 points, the second consecutive day of loss over 100 points, -0.65 percent, to end the day at 16,734.19. Meanwhile, the Nasdaq fell …
ELS Nudges Up, UFPI Slips; Dow Loses 100 Points again Read More
Having built modular housing since 1947, Atco Structures and Logistics is upping the ante for its workforce housing as companies battle for skilled labor in an increasingly competitive market, according to calgarysun.com. With new models featuring large bedrooms with double beds, full showers, sound-dampening walls and walk-in closets, Jason Kialeu …
The manager of nine manufactured housing communities (MHCs) across Michigan, HomeFirst™ is giving away a manufactured home to a returning military veteran or family. The essay-based contest winner will receive a new residence in either Riverbrook (New Haven) or Springrove (Springfield Township), according to ourmidland.com, and will only be responsible …
Free Manufactured Home offered to Military Veterans Read More
Updating a story MHProNews last published June 9, 2014 about an affordable modular housing initiative in Bluffton, South Carolina, wsavtv.com reports the city tripled the amount budgeted to $150,000 to conduct home-owning classes and money-saving tips of homeownership, and waive some of the permit fees. Applicants for the 22 modular …
As part of Gov. Duval Patrick’s 2012 plan to increase affordable family housing throughout Massachusetts, MHProNews.com has learned from wggb.com that Neighborhood Housing Services of Springfield, in western Massachusetts, has received $450,000 to construct six affordable modular housing units for families and seniors with modest incomes. The Department of Housing …
The city council of Weyburn, Saskatchewan, Canada is asking for public input on a proposal to replace four homes with a modular apartment complex containing 60 units in the downtown area. Council gave first reading on a bylaw amendment to change the zoning from R2 residential semi-detached to CBD-C, which …
Sixty Unit Modular Apartments Planned for Canadian City Read More
