Following up on a story MHProNews.com posted Oct. 14, 2013 regarding a warehouse in Camden, New Jersey set to open as a modular housing factory with the promise of 1,000 jobs for inner city residents within 3-4 months, the building remains padlocked and applicants are discouraged. Camden mayoral candidate Amir …
The S&P rose to a new record high and the Dow Jones Industrial Average gained over 100 points as investors expressed new confidence in the economy and corporate earnings. CNNMoney reports the Dow advanced +103.84 points, +0.64 percent, to end the day at 16,207.14. The Nasdaq moved up +29.56 points, …
Renting out at 80 percent of market value as part of the government’s affordable housing program, architectural firm Rogers Stirk Harbour and Partners has received approval to build 36 two-bedroom modular apartments in Stratford, England. Consisting of two modules each, the units will be assembled around a core containing two …
Stratford England the Site of Modular Apartment Complex Read More
The Michigan State Housing Development Authority already offers first time home-buyers assistance through its Mi First Home program, and now it is offering assistance to repeat buyers, including those who want to buy a manufactured home. The Mi Next Home program can provide up to $7,500 in down payment assistance, …
One of the highlights of the Manufactured Housing Institute’s (MHI) Winter Meeting Feb. 9-11 was the day manufactured housing professionals from the entire spectrum of the industry visited Capitol Hill to speak directly with their Congressional representatives. After a breakfast/pep talk with Rep. Andy Barr (R-KY), a member of the …
The National Association of Realtors (NAR) reported existing home sales fell to the lowest level in January since July 2012 as low inventory sent home prices higher. Total existing home sales fell 5.1 percent to a seasonally-adjusted annual rate (SAAR) of 4.62 million last month from 4.87 million in December, …
Mixed signals concerning the health of the economy and corporate earnings led investors to step back from the market to end the week. CNNMoney reports the Dow Jones Industrial Average slipped -29.93 points, -0.19 percent, to end the day at 16,103.30. The Nasdaq dropped -4.14 points, -0.10 percent, to finish …
Louisiana Pacific and Nobility Homes Gain over Four Percent Read More
U. S. Housing and Urban Development Secretary Shaun Donovan, noting that a housing trust fund needs to be established that supports $5 billion in affordable housing production a year, says the congressional GSE (government-supported enterprise) reform legislation that eventually eliminates Fannie Mae and Freddie Mac needs to include such a …
Landmark Properties wants to redevelop the 56-site Arrowhead Village manufactured housing community (MHC) in Flagstaff, Arizona into a 191-unit student housing complex. As the azdailysun.com reports, a meeting designed to meet the city’s zoning requirements and introduce the project to the public drew 100 people who wanted to know about …
Manufactured Housing Community Owner Plans Redevelopment Read More
The developers of the Grandview Apartment Development Project, a 72-unit apartment complex planned for Redwood Falls, Minnesota, continue to try and bring the per-unit cost down to $70,000. Trident Development, working with a local modular builder, as redwoodfallsgazette.com informs MHProNews.com, has lowered the cost to $78,000 per unit, and continues …
The most recent collection of weak economic reports did not faze investors today as the S&P closed within ten points of its all-time high and the Nasdaq has advanced nine of the last ten trading days. CNNMoney reports the Dow Jones Industrial Average gained +92.67 points, +0.58 percent, to end …
Patrick Ind. Spikes 17%; Three Major Indexes Advance Read More
Ashland Holdings LLC, a subsidiary of Great Plains Holdings, Inc. has completed its phase 1 purchase of two parcels of land in Wildwood, Florida, which include a manufactured home that will be rented, and a 1,400 square-foot corporate office building, part of which Ashland will use and the other part …
Harking back to MHProNews.com Feb. 11, 2014, Patrick Industries, Inc. (PATK) released its financial for Q4 2013 and 2013. Fourth quarter 2013 net income was $5.0 million or $0.47 per diluted share. This compares to net income of $3.2 million or $0.30 per diluted share in the comparable period 2012. …
Unusually severe weather combined with a shortage of available lots and labor led homebuilder confidence to fall ten points to 46, as determined by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The survey gauges current sales conditions, sales expectations in the coming six months, and …
According to newly-released figures from the Census Bureau and the U. S. Department of Housing and Urban Development (HUD), housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, reports the National Association of Home Builders (NAHB). Of these, single-family housing starts accounted for …
The three major indexes all ended in red ink in today’s trading after minutes from the January Federal Reserve meeting indicated tapering of the monthly stimulus will continue, and news that housing starts in January were less than anticipated. CNNMoney reports the Dow Jones Industrial Average fell -89.84 points, -0.56 …
Patrick Edges Up, UFPI Drops, Housing News Dings Three Major Indexes Read More
Real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) will release its earnings report Thurs., Feb. 20. With a 52-week high of $57.78 and a low of $39.53, the stock has a 50-day moving average of $44.99, a market cap of $1,729 billion and price-to-earnings ratio of 171.93. The stock’s …
According to ycharts.com, on average about one million new households are created each year, but since the recession that has dropped to 500,000, spurring trulia.com to say there are “2.4 million” missing households. In his 2011 Berkshire Hathaway shareholders letter, Warren Buffett says, “People may postpone hitching up during uncertain …
Technology-based internet marketing services company SearchCore, Inc. of Lake Forest, California announces plans to open its second Wisdom Homes of America, Inc. manufactured home retail center, according to globenewswire.com. As MHProNews.com reported Feb. 4, 2014, Wisdom was set to open its first retail center in Rhome, Texas. The newest operation …
The Nasdaq continued its eighth day advancing, closing at its highest level since Jan. 2000, while the Dow Jones Industrial Average slipped and the S&P moved up slightly. CNNMoney reports the Dow Jones Industrial Average nudged down -23.99 points, -0.15 percent, to end the day at 16,130.40. The Nasdaq added …
Nobility Homes Spikes; Nasdaq Gains for Eighth Straight Day Read More
