Announcing financial results for its fiscal year ending Nov. 2, 2013, Nobility Homes, Inc. reports sales increased 17 percent to $18,525,950 as compared to $15,834,971 for the same period last year. Net income after taxes for the year rose to $747,106 from $49,759 FY 2012. Diluted earnings for the year …
Nobility Homes’ Revenue and Income Rises in 2013 Versus 2012 Read More
Architect Stuart Emmons of Portland, Oregon has designed a 265-square-foot, modular, mini-studio for homeless people called I’mHome. After seeing shipping containers converted into living quarters in China, Emmons, realizing a container could not comply with the Americans with Disabilities Act (ADA), took a different approach, designing the modular nine-unit Kah …
Portland Architect Designs Modular Studio Unit for the Homeless Read More
Drew Industries, Inc. subsidiary Lippert Components, Inc. has acquired Fortress Technologies LLC of Middlebury, Indiana for $3.3 million. Fortress is a specialized manufacturer of recreational vehicle (RV) chassis with an estimated annual sales revenue of $3 million, according to RVBusiness.com. “The people and assets we’ve added from Fortress Technologies will …
Investors responded positively to the Federal Reserve’s decision to begin tapering its $80 billion monthly stimulus to keep interest rates down, sending the Dow skyward 300 points. CNNMoney reports the Dow Jones Industrial Average spiked 292.31 points, +1.84 percent, to close at 16,167.97. The Nasdaq gained 1.15 percent, +46.38 points, …
Most Tracked Housing Stocks, Three Major Indexes All Rise Read More
In November housing starts rose 22.7 percent to a seasonally-adjusted annual rate (SAAR) of 1.09 million, according to data from the U. S. Department of Commerce, the highest rate since Feb. 2008. Additionally, Bloomberg.com informs MHProNews permits for new housing hit close to a five-year high, indicating construction will continue …
Housing Starts: Growing Demand Trumps Higher Mortgage Rates Read More
The board of directors of Canada-based Killam Properties, Inc. has declared a monthly dividend of $0.04833 per common share to be paid on Jan. 15, 2014 to shareholders on record as of Dec. 31, 2013. As 4-traders.com reports, the company offers shareholders the opportunity to reinvest their dividends in additional …
Canada’s Killam Properties Declares Monthly Dividend Read More
Investors shied away from the market today as they await word from the Federal Reserve on its plans regarding the stimulus program of buying $85 billion bonds each month. As a result, the three major indexes moved little in today’s trading. CNNMoney reports the Dow Jones Industrial Average dropped -9.31 …
Little Movement in Tracked Housing Stocks, Three Major Indexes Read More
Drew Industries Inc.(DW) of Elkhart County, Indiana announces it will begin trading of ex-dividend Dec. 18, 2013, paying $2 a share which is scheduled to be paid Jan. 6, 2014. Even purchasers of the stock before the ex-dividend date can receive the cash dividend payment, according to nasdaq.com. Drew’s stock …
Senators Joe Donnelly (D-IN) and Tom Coburn (R-OK) introduced S. 1828, The Preserving Access to Manufactured Housing Act in the Senate as a companion to House Bill 1779 of the same name that protects the ability of manufactured home owners to buy, sell and refinance homes. The new guidelines issued …
The National Association of Home Builders reports builder confidence rose four points in Dec. to 58, where any number over 50 indicates builders see the market as good rather than poor. The Wells Fargo Housing Market Index (HMI) is based on current sales conditions, sales expectations and traffic of prospective …
According to commercialobserver.com, Forest City Enterprises and state-owned Chinese developer Greenland Holdings Group have agreed to develop 6,400 apartments in Atlantic Yards in Brooklyn, 2,400 of which will be designated as affordable housing. Greenland will acquire a 70 percent stake in the Atlantic Yards project, which includes phases one and …
In anticipation of the Federal Reserve’s final meeting of the year and the question of when will the tapering of the stimulus being, investors drove the Dow up 129 points. CNNMoney reports the Dow Jones Industrial Average gained 129.21 points, +0.82 percent, to close at 15,884.57. The Nasdaq climbed +0.71 …
A developer of mixed-use multifamily and office buildings in Seattle, Washington says micro- housing is a good solution for housing in urban areas but it should go through the same design review as other projects. Patrick Foley of Lake Union Partners, responding to a query about affordable housing is Seattle, …
The Alabama Manufactured Housing Association (AMHA) informs MHProNews city dignitaries were on hand for a ribbon-cutting ceremony at the expanded facilities of CIS Financial Services in Hamilton, Alabama to honor company found Paula Reeves. She began the company in 1991 with two employees and has now grown to 78 employees …
Federal regulators are telling their examiners to overlook non-qualified mortgage loans as long as they are underwritten well, according to what nationalmortgagenews.com tells MHProNews. The joint statement from the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corp. (FDIC) and the National …
Investors continue to stick to the edge of the dance floor as they await word next week from the Federal Reserve on the future of the stimulus. CNNMoney reports the Dow Jones Industrial Average edged up 15.93 points, +0.10 percent, to close at 15,755.36. The Nasdaq nudged up 0.06 percent, …
LPX Rises, Liberty Homes Falls; Three Major Indexes Move Little Read More
Following a post MHProNews last covered April 29, 2013 regarding the housing needs of the Attawapiskat of northern Ontario, Canada, bidding on a $2.2 million contract will close Mon., Dec. 16. It ‘s part of a larger $11.5 million, 15 project, five-year plan to increase the affordable housing stock for …
The Mortgage Bankers Association (MBA) says mortgage applications for new home purchases dropped 18 percent in November over October, but the size of the average loan continued moving up. As HousingWire tells MHProNews, home loan size has risen over $12,000 to $295,523 since last summer. New home sales fell from …
Following up on a story we posted Dec. 11, 2013 regarding the confirmation of Rep. Mel Watt to lead the Federal Housing Finance Agency (FHFA), MHProNews has learned from the Manufactured Housing Institute (MHI) Rep. Watt has favored measures that require GSEs (government supported enterprises) to support affordable housing. This …
New FHFA Head has Supported Duty-To-Serve in the Past Read More
The three major indexes fell again today as investors remained against the wall of the dance floor wondering when the Federal Reserve will begin slowing its economic stimulus program. CNNMoney reports the Dow Jones Industrial Average fell -104.01 points, -0.66 percent, to close at 15,739.43. The Nasdaq dropped -0.14 percent, …
Tracked Housing Stocks Close Mixed; Three Major Indexes Drop Read More
