Investors, somewhat shaken by the increasing tensions between Russia and the United States, drifted away from the big board on the first trading day of March, as the Dow dropped over 150 points. CNNMoney reports the Dow fell -153.68 points, -0.94 percent, to end the day at 16,168.03. The Nasdaq …
Saber Rattling over Ukraine Rattles Investors; LPX Falls the Most of Tracked Stocks Read More
MHProNews.com has learned from fwbusiness.com that Elkhart, Indiana-based Drew Industries, Inc. is acquiring two nearby businesses for $48 million. Drew is shelling out $36 million for Innovative Design Solutions (IDS), a Troy, Michigan-based designer, developer and manufacturer of electronic systems. The company had sales of $19 million in 2013, of …
MHProNews.com has learned Altius RSA (Rapid Systems Architecture) has introduced their newest mini modular home, the Solo 40, 480 square feet for $195 a square foot. Constructed from natural, renewable, durable and recyclable materials, the home offers both passive and active sustainable strategies, which includes an Energy Recovery Ventilation (ERV) …
Updating a story MHProNews.com posted Feb. 26, 2014 regarding the building of roundabouts in Wisconsin, Rep. David Craig (R-Big Bend) sponsored legislation, supported by the manufactured housing industry, that would give final say over traffic circles to local municipalities. The Wisconsin Department of Transportation wants to decide where they should …
Measure Supported by Manufactured Housing Industry Read More
A manufactured housing community has been condemned and ordered shuttered and the residents given ten days to evacuate after the Ingham County Health Department in Lansing, Michigan discovered raw sewage on the grounds and solid waste strewn about. Hundreds of people living in 85 homes at the Life O’Riley Mobile …
License to Operate Suspended at Land Lease Community Read More
The Plantation on the Lake manufactured home community (MHC) in Calimesa, California intends to exercise its option to build the remaining seven percent of the home sites to which it is entitled, bringing the total number of sites to 562, according to newsmirror.net. Forty-seven new homesites were approved by the …
A potential military conflict between Russia and the Ukraine turned back gains made on the stock market in the last hour of trading, although the S&P set a new record as the week and the month came to an end. CNNMoney reports the Dow moved up +49.06 points, +0.30 percent, …
S&P Hits New High; Nobility Homes Falls over Four Percent Read More
Federal Reserve Chairwoman Janet Yellen’s testimony before the Senate Banking Committee gave a slight boost to investors, as the S&P closed at a new high, and the other two major indices advanced. CNNMoney reports the Dow moved up +74.24 points, +0.46 percent, to end the day at 16,272.65. The Nasdaq …
Liberty Homes Drops Dramatically; S&P Marks New High Read More
The National Association of Home Builders (NAHB) reports the Multifamily Production Index (MPI) fell slightly in the fourth quarter 2013 to 50, which means half of the builders saw the market as good and the other half as poor. The survey measures builders’ perceptions of three aspects of the market: …
Perception of Market by Multifamily Builders Falls Read More
MHProNews.com posted a story Dec. 24, 2013 about Northstar Realty Finance’s acquisition of a portfolio of 16 manufactured housing communities (MHCs) valued at $345 million, mostly in Colorado and Texas, with an expected yield of 12 percent. The company reported its funds from operations (FFO) per share increased from -$0.09 …
San Jose, California has the most manufactured-home communities in the state, 58 communities with nearly 11,000 homesites, according to mercurynews.com, and the owners of some in this Silicon Valley area will likely be tempted to convert their property to high-density, high-end housing. Of the 150 people who live in the …
Manufactured-home Community Surrounded by High-end Property Read More
Two of the three major indexes made modest gains in today’s trading despite good news from the housing market and solid earnings reports from several retailers, including Target, whose shares rose seven percent despite the drubbing it took after the recent security breach millions of its customers endured. The S&P …
Nobility Homes Gains over 4.5 percent as Three Major Indexes Move Little Read More
According to statistics released by the Department of Housing and Urban Development (HUD) and the Census Bureau, the National Association of Home Builders (NAHB) reports sales of newly-built single-family homes rose 9.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 468,000 units, marking the strongest pace since July …
Updating a story MHProNews.com published Feb. 21, 2014 regarding U. S. Senate bill S 1828, Preserving Access to Manufactured Housing Act, introduced by Sen. Joe Donnelly (D-IN) Dec. 16, 2013, MHProNews.com has been informed Sen. John McCain (R-AZ) has signed on as a co-sponsor of the bill. A companion to …
In the late 1990s Wisconsin had a higher crash rate at intersections than the national average, motivating the state department of transportation to build European-style traffic circles, or roundabouts, on state and county roads, some 280 of them with another 90 planned. A state lawmaker has suggested the decision to …
According to cnynews.com, a new modular apartment building will be sited in Oneonta, New York for exclusive use by students at the SUNY (State University of New York) campus. Hillside Commons will offer one, two and three-bedroom apartments. MHProNews.com has learned the Oneonta Police Department has issued an alert that …
Investors hit the pause button as investors took a breather, as the three major indexes ended up slightly lower in today’s trading. CNNMoney reports the Dow nudged down -27.48 points, -0.17 percent, to end the day at 16,179.66. The Nasdaq moved down -5.38 points, -0.13 percent, to finish at 4,287.59, …
Louisiana Pacific Gains the most, but Stocks mostly Quiet Read More
Modular home producer Commodore Corporation will close its manufacturing plant in Danville, Virginia at the end of April, according to wdbj7.com, costing 100 employees their jobs. MHProNews.com has learned operations will be moved to a newer facility in North Carolina. ## (Photo credit: wdbj7.com–Commodore Corporation modular homes in Danville, VA)
Stock research firm Zacks has upgraded the stock of Universal Forest Products, Inc. (NASDAQ:UFPI) from a neutral rating to an outperform rating based upon its earnings per share of +$0.40 in Q4 2013 versus a loss of -$0.10 per share in the comparable quarter of 2012, as MHProNews.com reported Feb. …
Updating a story MHProNews.com last covered Jan. 14, 2014 regarding a subsidiary of Santee Modular Homes in Orangeburg County, South Carolina suing the county over a debris removal contract, the public works department had sufficient manpower for cleanup in the wake of the recent ice storm. The lawsuit asked for …
