The Motley Fool seems to have added a zero to one of their reports, a very bullish one on manufactured housing. Here are the key excerpts from the report by Arturo Cuevas. “The bulls are pawing the ground at manufactured housing’s corral. Recent gains in shipments of manufactured homes indicate …
Motley Fool says Manufactured Housing Primed for Bull Run Read More
Halifax, Nova Scotia, Canada-based Killam Properties reports property revenue for the third quarter ending Sept. 30, 2013 rose 9.4 percent over the same period last year, $37,095,000 over $33,894,000, while net operating income increased from $21,442,000 in Q3 2012 to $23,250,000 for the most recent quarter, a gain of 8.4 …
Following the bursting of the housing bubble, lenders were requiring 20 percent down on loans or else consumers had to go with the Federal Housing Administration (FHA) for a low down-payment loan. Now some banks are offering mortgages for as little as five percent down, according to CNNMoney. The FHA’s …
The wbjournal reports a Northborough, Massachusetts company that provides lending services to buyers of manufactured homes is expanding its offices beyond New England into New York, Maryland and Delaware. Chris Schofield founded Priority Funding in 2003, and after originating approximately 3,500 loans, has decided he has maximized his potential in …
Investors stood on the sidelines and watched more than acted in today’s trading, leaving the market to flounder. CNNMoney reports the Dow Jones Industrial Average nudged down -20.9 points, -0.13 percent, to close at 15,618.22. The Nasdaq rose +0.08 percent, +3.27 points, to end the week at 3,939.86 while the …
Most Tracked Housing Stocks Fall as Three Major Indexes Flounder Read More
As MHProNews reported Nov. 1, Drew Industries, Inc. announced revenue and net income gains for Q3 2013 over last year’s numbers, and has spent $3 million to increase its internal steel stamping capacity in the first nine months of this year, according to amm.com. Chief Financial Officer (CFO) Joseph S. …
With legislation passed last year to allow micro apartments of 220 square feet in San Francisco as a means to address the housing shortage and accompanying rising cost of living space, 120 of the approved 375 units are now in the works. At $1,300 a month, they are designed for …
The three major indexes edged higher as investors continued the momentum from last week in pushing prices up. CNNMoney reports the Dow Jones Industrial Average nudged up 23.57 points, +0.15 percent, to close at 15,639.12. The Nasdaq rose +0.37 percent, +14.55 points, to end the week at 3,936.59 while the …
Nobility Homes Spikes; Three Major Indexes Edge Up Read More
Statistics compiled by the Department of Housing and Urban Development (HUD) reveal the production of manufactured homes rose almost 25 percent in Sept. over Sept 2012—5,483 homes versus 4,393 HUD Code homes in 2012. The Manufactured Housing Association for Regulatory Reform (MHARR) further informs MHProNews total production for 2013 is …
Updating a story MHProNews posted Oct. 28 regarding the repurposing of the crumbling Packard Automotive Plant in Detroit into a modular home manufacturing facility by a Texas doctor and her investors, as of this writing that will not happen. The dallasobserver.com reports Dr. Jill Van Horn, a family physician in …
The three major indexes all nudged up modestly to end the week as investors believe there is more room for the market to grow. CNNMoney reports the Dow Jones Industrial Average nudged up 69.80 points, +0.45 percent, to close at 15,615.55. The Nasdaq rose +0.06 percent, +2.33 points, to end …
Tracked Housing Stocks Mixed; Three Major Indexes Gain Modestly Read More
Drew Industries, Inc. (NYSE:DW) reports net income of $14.8 million for Q3 2013, or $0.62 per share, compared to $9.8 million in net income for the same period of 2012, an increase of52 percent. Net sales in the third quarter 2013 hit $251 million, 11 percent higher than the comparable …
A southbound truck tractor hauling a manufactured home on Interstate 35 in Lorena, Texas blew a tire, hit a barricade on the side of the highway and then struck another semi. No one was injured but the debris led to traffic being diverted onto an access road for several hours, …
ATCO Structures & Logistics has received a contract to provide modular housing facilities and site services for a 1,200 person workforce housing facility for the Shell Carmon Creek Project near the town of Peace River in northern Alberta, Canada. According to marketwatch, ATCO is partnering with the Woodland Cree First …
Cavco Industries, Inc. reports net revenue for the second quarter fiscal 2014 totaled $129.8 million, an increase of 17.9 percent over the $110.1 million for the comparable quarter of fiscal 2013. Net income for Q2 fiscal 2014 was $4.7 million, $2.0 million more than in the same quarter a year …
Although the last day of October distinguished itself by the three major indexes turning slightly red (losing), in fact the Dow gained over three percent and the S&P 500 gained nearly five percent on the month. CNNMoney reports the Dow Jones Industrial Average dropped -73.01 points, -0.47 percent, to close …
Champion Home Builders, Inc. won several honors at the 2014 Jerry Rouleau Awards for Excellence in Marketing and Home Design, presented by the National Association of Home Builders’ (NAHB) Building Systems Council (BSC) during their “Showcase 24” held Oct. 21. The Excellence in Home Design is for the under-2,000 square …
Investors were not encouraged by the Federal Reserve’s decision to continue its quantitative easing in support of the economy as all three indexes fell modestly. CNNMoney reports the Dow Jones Industrial Average dropped -61.59 points, -0.39 percent, to close at 15,618.76. The Nasdaq fell -0.55 percent, -21.72 points, to finish …
Nearly All Tracked Housing Stocks and Three Major Indexes Fall Read More
Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant reason for the strength of the current multifamily real estate market. While he also noted the hospitality …
While the cost of manufactured goods has declined in the last 30 years, some significantly, the price of some services has skyrocketed. TV sets have fallen 98 percent, clothing 46 percent and toys have dropped 78 percent, due mostly to automation and supply chain management, as manufacturing goes through what …
