Killam Properties, Inc. of Halifax, Nova Scotia, Canada, in announcing its financials for Q1, 2014, reports while property revenue rose to $35,065,000 in 2014 from $33,249,000 in the same period of 2013, net operating income fell -3.0 percent from $18,166,000 in the first quarter of 2013 to $17,620,000 in the …
Killam’s Earnings per Share Nudge down in First Quarter 2014 Read More
Electric Cooperatives of Arkansas is sponsoring their annual Energy Efficient Makeover Contest for an Arkansas electric cooperative member who owns an all electric manufactured home. Valued at up to $50,000, contestants must be a member of the cooperative in good standing, submit an image of their manufactured home and answer …
$50,000 Energy Efficiency Upgrade Awaits Manufactured Home Resident Read More
RealtyTrac reports for the first three months of 2014, 43 percent of all home sales were cash deals, up 19 percent from a year ago, and the highest level since the analysis company began tracking cash sales in early 2011. Cash buyers are more attractive to sellers due to quicker …
The Dow Jones Industrial Average rose initially following Fed Head Janet Yellen’s remarks to the Senate, but settled back to a modest gain of 32.43 points, +0.20 percent in today’s trading to close at 16,550.97. The tech-heavy Nasdaq slipped -16.17 points, -0.40 percent, to end the day at 4,051.50, while …
Dow Posts Modest Gain; Patrick Industries Drops 3.39% Read More
The National Association of Home Builders (NAHB) reports their most recent single-family 55+ Housing Market Index (HMI) is up the first quarter of 2014 to 50, the highest Q1 reading since the survey of builders’ confidence began in 2008. It is also the tenth consecutive quarter of year over year …
Writing in the Opinionator section of The New York Times, Andrea Levere says 18 million people with an average median income of $30,000 live in factory-built housing, making it the largest source of unsubsidized affordable housing in the U. S. Although over 70 percent own their own homes, most who …
New York Measure Seeks Financing Parity for MH and Site-built Read More
In a split vote, the Neighborhood Conservation District Committee (NCDC) of New Orleans approved the demolition of two houses on the campus of the Lusher Charter School to be replaced with temporary modular units for student housing. MHProNews.com has been informed the site would then become green space. One committee …
Federal Reserve Chair Janet Yellen is optimistic about the U. S. economy as a whole, but expresses caution about the housing market, noting it has been a key part of the recovery since 2011 but has fallen short this year, according to CNNMoney.com. Noting that warmer weather may not be …
Federal Reserve’s Janet Yellen Concerned about Housing Market Read More
Mike Taylor of Pacific Manufactured Homes in Beaumont, California says the mix of those buying manufactured homes is shifting from first-time buyers to vacation or second-home buyers and to people downsizing who may be looking to retire. The California Manufactured Housing Institute (CMHI) reports 70 percent of the sales are …
The Dow Jones Industrial Average gained over 100 points in today’s trading as Blue Chip stocks performed well, while the tech-heavy Nasdaq had the blues, slipping -13.09 points, -0.32 percent, to end the day at 4,067.67. CNNMoney tells MHProNews the Dow gained -117.52 points, +0.72 percent, to finish the day …
Skyline Corp. Falls, Berkshire Hathaway Gains the Most of Tracked Stocks Read More
Following a story MHProNews last posted May 5, 2014 regarding ongoing problems at Meadowbrook Park manufactured housing community (MHC) in Richmond, Maine, the state’s Manufactured Housing Board (MHB) unanimously voted to revoke the license of owner Russ Edwards after chastising him for poor management of the community going back to …
License to Operate Manufactured Housing Community Revoked Read More
Homark Homes of Red Lake Falls, Minnesota is investing $6 million to expand its construction of modular and manufactured homes to include multifamily modular housing. The Minnesota Department of Employment and Economic Development will assist with the expansion of the facility to the tune of $456,000, providing Homark creates at …
Homark Homes Expanding to Include Multifamily Modulars Read More
Seattle, Washington businessman Walter Tarr is building a five-unit modular apartment complex near the University of Texas in Austin, his alma mater. As bizjournals.com informs MHProNews.com, each 1,300 square-foot unit will have three bedrooms and a den, with average rent of $3,000 monthly, built by Palomar Modular of DeSoto, Texas. …
The three major indexes all took a tumble today, the Dow Jones Industrial Average falling well over 100 points. CNNMoney tells MHProNews the Dow dropped -129.53 points, -0.78 percent, to finish the day at 16,401.02, while the Nasdaq fell -57.3 points, -1.38 percent, to end the day at 4,080.76. The …
Skyline Corp. Advances, Cavco Drops, Nasdaq Loses 1.38% Read More
Specializing in modular units for industry, business, education and health facilities, Ellis Modular is now pursuing federal contracts through the General Services Administration. “The opportunity to service government accounts opens up significantly more markets throughout the region as our goal continues to be to expand our modular solutions business,” states …
On July 22, 2013 MHProNews.com covered a story from Midland, Texas where the Midland Independent School District (MISD) had plans to buy modular housing for staff because the Eagle Shale energy exploration in the southwest part of the state was gobbling up housing resources. In nearby Odessa, a one-bedroom unfurnished …
Texas School District Acquiring Modular and Manufactured Housing Read More
The day kicked off with the Dow Jones Industrial Average plunging below the 16,400 mark, but rising steadily throughout the day to close at 16,530.55, adding +17.66 points, +0.11 percent. MHProNews learned from CNNMoney the Nasdaq also moved up, gaining +14.16 points, +0.34 percent, to close at 4,138.06. while the …
Sun Communities Edges Up, while Skyline Corp. Moves Lower Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports figures released by the U. S. Department of Housing and Urban Development (HUD) reveal the production of manufactured homes in March 2014 rose 9.6 percent over the same period of 2013, from 4,467 homes to 4,899. Cumulative industry production for the …
Manufactured Housing Industry Production Continues Rising Read More
Property transfers from Salem, Ohio reveal a manufactured home with ten acres on Foundry Hill Road was sold by Marcia Griffith to Corey Griffith for $37,747, according to salemnews.net. A manufactured home on a lot on Dunn Road was sold to David and Thelma Gabbert by John Gamble, Jr. for …
While Berkshire Hathaway, Inc. (NYSE:BRKA) says its profit for the first quarter 2014 slipped nearly four percent from last year, at the same time its revenues shot up about the same amount. First quarter earnings hit $4.71 billion this past quarter versus $4.89 billion for the same period last year. …
Berkshire Hathaway: Q1 2014 Revenues Up, Profit Down Read More
