SeekingAlpha.com reports manufactured housing community (MHC) proprietor UMH Properties owns 74 communities comprised of 13,400 developed home sites with an average occupancy rate of 82 percent. Forty-three of the communities, representing 46 percent of the holdings, are in the Utica and Marcellus Shale acreage that is being developed by energy …
Elkhart, Indiana-based Drew Industries, Inc. has announced a special cash dividend of $2.00 per share of common stock to stockholders on record as of Dec. 20, 2013, payable on Jan. 6, 2014. “We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Jason Lippert, …
The Multifamily Production Index (MPI) of the National Association of Home Builders (NAHB) hit 54 in the third quarter, seven points less than the second quarter but the seventh consecutive rating above 50. The MPI measures construction of low-rent units, market-rate rental units and condominiums, where a number above 50 …
The largest Malysian state, Sarawak is one of two Malaysian states on the island of Borneo. Tan Sri Abdul Taib Mahmud is the Chief Minister of Sarawak, one of two Malaysian states on the island of Borneo, and the largest Malaysian state. According to malaysia-chronicle.com, his family won the contract …
According to the analytic firm Zillow, 10.8 million homeowners still owe more than their house is worth, a drop of over 4.9 million from the high point of Q1 2012, which represents a 21 percent decline when the negative equity peak was 31.4 percent of all homeowners. In Q2 2013 …
Slowing Home Appreciation Means Positive Equity Distant for Underwater Borrowers Read More
Concerns that the market is overheating were offset by investors expectations that the Fed’s bond buying will continue for the foreseeable future, driving the Dow and the S&P to all new highs. CNNMoney reports the Dow gained +54.78 points, +0.34 percent, to end the week at 16,064.77. The Nasdaq moved …
Dow, S&P Mark New Territory; Tracked Housing Stocks Mixed Read More
UFP New London, a subsidiary of Universal Forest Products, Inc. (UFPI), received approval from the Stanfield Town Council and the Stanly County Board of Commissioners in North Carolina for an economic incentive to use a local building for a heat lamination and assembly operation. The incentives require UFP to create …
Affordable Housing International (AHI) of Hong Kong is offering modular units shipped from China in one to four-bedroom models that can be stacked for a four-story apartment building, made into single-family homes, duplexes and row houses as well.. The STELETE houses offer foam insulated concrete cores that provide 20 times …
Modular Builder Offers Affordable Quick-ship Dwellings Read More
Continuing the saga of Garden Homes Management Corp.’s seven year attempt to build a 124-unit manufactured housing community in Oxford, Connecticut, as MHProNews last covered Sept. 20, 2013, Nov. 14 saw another four and one half hour hearing to resolve the inland wetlands issue and storm water management without conclusion. …
Seven-Year Battle to Build Manufactured Housing Community Continues Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates more builders of newly-built single-family homes view market conditions as good rather than poor for Nov., the sixth consecutive month of a rating over 50, although the percentage was unchanged from last month. The HMI gauges builders …
Even as several retailers, including Target and Dollar Stores, reported less than expected earnings, the Dow Jones Industrial Average finished the day above 16,000 for the first time ever. CNNMoney reports the Dow gained +109.17 points, +0.69 percent, to end the day at 16,009.99. The Nasdaq moved up +1.22 percent, …
Dow Closes at New Record High; Nobility Drops Five Percent Read More
Following up on a story we posted Nov. 14, 2013 regarding the use of Eco Red Shield Lumber’s treated wood products for modular homes as part of the Hurricane Sandy rebuild, Google Finance reports on Nov. 15, 2013 Eco Building Products (ECOB) dropped 1.47 percent to $0.0067. Additionally, smallcapnetwork says …
With concerns that stocks are overvalued, investors stepped back as major indexes continued to knock on the door of record highs. CNNMoney reports the Dow Jones Industrial average dropped -0.06 percent, -8.99 points, to end the day’s trading at 15,967.03. The Nasdaq fell -0.44 percent, -17.52 points, to end the …
Major Indexes Slide; Many Tracked Housing Stocks Follow Read More
Australia-based Ingenia will sell its three student accommodation units in Wellington, New Zealand, valued at $35.6 million and invest the receipts in more manufactured housing communities (MHCs). The company paid $10.7 million Nov. 19, 2013 for two MHCs north of Sydney, Australia in Hunter Valley with options to acquire two …
The Dow and the S&P hit new highs in today’s trading but were not able to remain at that level after Carl Icahn’s comments that companies are boosting profits thanks to low borrowing costs instead of strong management. CNNMoney reports the Dow Jones Industrial average fell to gain +0.09 percent, …
Most Tracked Housing Stocks Fall; Major Indexes Move Little Read More
An architect in Mumbai, India, wanting to protect his father’s ancestral home from the annual rains that washed it out, turned to modular construction built up off the ground. According to deccanchronicle.com, the architect, Dipu George, deciding that conventional building would not serve his purpose, designed a two-story 1,350 square …
In response to the housing crisis in Great Britain, Factory Homes in Hull, England has been working with New Charter Homes and developer Bowsall to site seven modular homes in northeast England’s Mossley, Manchester. The three bungalows and four detached homes were built in 45 days, replacing a former Homes …
Marking the fastest quarterly growth since the current recovery began, the latest FNC Residential Price Index (RPI) rose 2.5 percent from Q2 to Q3 2013. As HousingWire informs MHProNews, FNC attributes the growth to rising home sales and a drop in foreclosure sales. Nationwide, foreclosure sales accounted for 13.4 percent …
All three major indexes advance at week’s end as they approach major milestones. CNNMoney reports the Dow Jones Industrial Average gained +85.48 points, +0.54 percent, to finish the day at 15,961.70. The Nasdaq moved up +0.33 percent, +13.23 points, to end the week at 3,985.97, while the S&P gained 7.56 …
Nobility Homes Spikes, as the Three Major Indexes Approach Records Read More
Oak Creek Homes is collecting nonperishable food at their model home centers in Texas, Oklahoma and Louisiana to distribute to those in need before Thanksgiving. Called Pack Our Pantry, as an enticement to manufactured and modular home buyers, Oak Creek is offering a $500 discount on a new home up …
