Following a story MHProNews.com last posted Jan. 20, 2014, the board of directors of Killam Properties, Inc. (TSX:KMP) once again announces it has declared a dividend of $0.05 per common share, to be paid on March 17, 2014 to shareholders of record Feb. 28, 2014. As wsj.com reports, Killam continues …
The Federal Emergency Management Agency (FEMA) has posted a solicitation for the construction of an indefinite number of manufactured homes with the stipulation that they can become permanent homes. According to inquisitr.com, multiple contracts worth up to $500 million will be awarded for homes than can be quickly deployed to …
A collaboration between Strachan Group Architects (SGA) and the Unitec School of Architecture in Auckland, New Zealand on behalf of non-profit VisionWest Community Trust is set to build affordable and sustainable housing in Henderson, Auckland. The government’s Social Reform Housing Bill is pushing for private funding of building these modular, …
According to a Mortgage Bankers Association (MBA) survey of mortgage companies owned by homebuilders, sales of new homes rose 35 percent in January following two months of tepid sales. The survey estimates builders sold 38,000 new homes in January, indicating strong demand in some parts of the country, and bodes …
The Texas Manufactured Housing Association (TMHA) reports revised figures for October indicate new manufactured home sales were 913 units, marking the fifth highest monthly total on the year. While the new sales percentage change from Sept. was -7.84 percent, change from same month last year was up +2.62 percent, and …
While the S&P is closing in on its record high, the Dow Jones Industrial Average is up two percent on the week and the Nasdaq is up three percent, and all three closed in positive territory to end the week. CNNMoney reports the Dow Jones Industrial Average gained +126.8 points, …
Manufactured Housing Composite Unchanged Third Day Read More
MHProNews.com has learned the stock of manufactured housing component provider Louisiana Pacific Corp. (LPX) saw its shares of stock rise nearly six percent yesterday (Feb. 13), with the volume much higher than normal trading days. Noting the stock is up 9.05 percent since Feb. 3, zacks.com reports it has had …
The Municipal Planning Commission in Medicine Hat, Alberta, Canada is considering a modular home community just north of the Trans-Canada Highway if the city council agrees to rezone what has been prime highway commercial property. The first phase of the project would include 85 modular home sites on 15 acres. …
Slow retail sales in January and tepid corporate returns did not deter investors from buying stocks in today’s trading, pushing up all three major indexes. CNNMoney reports the Dow Jones Industrial Average nudged up +63.65 points, +0.40 percent, to end the day at 16,027.59. The Nasdaq advanced +0.94 percent, +39.38 …
Drew Industries, Inc. reported net sales for the year ending 2013 increased $114 million over last year to a record $1.02 billion, resulting in income of $50.1 million, $2.11 per diluted share, a rise from net income for 2012 of $37.3 million, or $1.64 per diluted share. Had it not …
According to cnnmoney.com, Universal Forest Products, Inc. (NYSE:UFPI) announced 2013 net sales of $2.5 billion, an increase of 20.2 percent over 2012, and net earnings of $43.1 million, $2.15 per diluted share, compared to net earnings in 2012 of $23.9 million, or $1.21 per diluted share. Net sales for Q4 …
Five hundred thirty acres of former farmland in Minot, North Dakota are set to become a new planned community of 2,000 residential units around a hub of commercial and retail space, including a park and trail system. Infrastructure work began last year to support the development, which includes what is …
Manufactured, Modular Homes Filling North Dakota Project Read More
The three major indexes all moved less than one quarter of one percent in today’s trading as investors stepped back from the boost the market received upon the announcement of Janet Yellen as the new head of the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average nudged down -30.83 …
Universal Forest Products edges up, Cavco Edges Down Read More
According to motleyfool.com, Wells Fargo upgraded real estate investment trust (REIT) Sun Communities, Inc. to Outperform, as it cited positive home sales trends. In addition, Sun’s guidance for 2014 includes an $0.08 increase in distribution per common share; a midrange estimate of funds from operations (FFO) per share increase of …
Pure Advantage, a nonprofit organization in New Zealand, intends to build hundreds of modular homes to meet the housing crunch brought on by the Feb. 2011 earthquake that devastated Christchurch and killed 185 people, as MHProNews.com last covered Dec. 30, 2013. Set up three years ago to promote a greener …
While the latest quarterly report from the National Association of Realtors (NAR) reveals the vast majority of metropolitan areas continued to experience strong year-over-year price growth in Q4 2013, a companion metro area annual affordability report pictures less favorable conditions, particularly in the West. According to housingwire.com, with 119 out …
NAR: Housing Affordability Hindered by Stagnant Incomes Read More
MHProNews.com has been informed the need for worldwide senior housing is projected to drive that sector of the construction market to $127 billion by 2023 in the G20 summit nations, growing at a compounded eight percent over the coming decade, more than double the current market value. As reversemortgagedaily.com says, …
Growing Need for Senior Housing to Drive Modular Market Read More
Investors clearly liked it when new Federal Reserve head Janet Yellen said she will continue the ongoing monetary policy, driving each of the three major stock indexes over one percent. CNNMoney reports the Dow Jones Industrial Average jumped +192.98 points, +1.22 percent, to end the day at 15,994.77. The Nasdaq …
Nobility Spikes, Skyline Falls Again, as Three Major Indices Rise Read More
According to thealpenanews.com, the Harrisville (Michigan) Aldermen heard from Carolyn and Rick Pender of their plans to develop their property into lots for 40 modular homes. MHProNews.com has learned the couple wants the city to vacate several unbuilt streets that they can use for their development. The Pender’s have hired …
Palomar Modular Buildings will have a display at the BuildExpo Dallas at the Dallas Convention Center, Feb. 12-13, 2014, one of the larger building and construction trade shows in the nation. As prweb.com informs MHProNews.com, Palomar manufactures modular building for office, retail, healthcare, education and workforce housing from its manufacturing …
