Board Chairman Leigh Abrams of Drew Industries, Inc. (NYSE:DW) sold 10,000 of the company’s shares on the market at an average price of $44.09 for a total haul of $440,900.00. Abrams now owns 73,287 shares with a value of $3,230,827, according to northforkvue.com. Dated Sept. 26, the transaction was disclosed …
The Manufactured Housing Association for Regulatory Reform reports official statistics from the U. S. Department of Housing and Urban Development (HUD) reveal production of manufactured housing rose to 5,886 HUD Code homes for Aug. 2013, a 5.5 percent increase over the 5,580 homes produced in August, 2012. For 2013, cumulative …
HUD Code Manufactured Housing Production Rises in Aug. Read More
Freehold, New Jersey-based UMH Properties, Inc. has acquired manufactured home community (MHC) Rolling Hills Estates in Carlisle, Cumberland County, Pennsylvania. The 91 homesite community, situated on 34 acres, sold for $1,720,000, and brings the company’s holdings to 69 MHCs comprised of 12,900 sites, according to marketwatch.com. Samuel A. Landy, President, …
Investors were busy selling stocks on the heels of the government shutdown and in anticipation of a much more serious debt ceiling problem, causing the major indexes to fall around one percent. CNNMoney reports the Dow dropped -136.66 points, -0.90 percent, to close at 14,996.48. Meanwhile, the Nasdaq fell -1.07 …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will present its financial results for the third quarter ending Sept. 30, 2013 after the market closes Tue., Nov. 5. A conference call and live webcast will be held the following day, Wed., Nov. 6, at 11 AM EST. The dial-in …
The government shutdown will immediately stifle approval of thousands of mortgages because lenders cannot access Social Security numbers and tax transcripts. If it lasts longer than a week or two it could dampen the slowly recovering housing market, according to what Mortgage Bankers Association (MBA) CEO David Stevens tells bloomberg.com. …
Government Shutdown Hinders some Manufactured Home Loans Read More
Indiana Gov. Mike Pence attended the ceremony welcoming Drew Industries’ move of its headquarters from White Plains, New York to Elkhart County, IN. The parent company of Lippert Components, Inc. and its sister company, Kinro, Inc., Drew has 50 factories in the U. S. and 5,500 employees nationwide—4,500 in IN—and …
As the government shutdown passes through its second day, investors fear the impending debt ceiling crisis may have wide-ranging effects on the economy and financial markets, leading the three major indexes to fall. CNNMoney reports the Dow dropped -58.56 points, -0.39 percent, to close at 15,133.14. Meanwhile, the Nasdaq nudged …
An 80-acre commercial and residential development a half-mile from Killdeer, North Dakota will include two apartment buildings and a modular hotel, all in response to nearby oil drilling in the Bakken field. The $3.9 million hotel will sport 60 rooms aimed at electricians and plumbers who are engaged in short-term …
Britco, one of the largest modular construction businesses in the industry, has announced plans to build a workforce housing project in northern Alberta, Canada for Devon Energy Corp. British Columbia Premier Christy Clark met with Britco officials to launch the $100 million modular project with over 1,500 rooms to be …
Updating a story MHProNews last posted June 24, 2013 regarding claims of manufactured home sales fraud against JoLeigh Ares’ Park Girl Sales in La Feria, Texas, the Texas Department of Housing and Community Affairs’ Manufactured Housing Division (MHD) received a total of 228 complaints. Ten of these were referred to …
CoreLogic reports house prices rose +0.9 percent in August, which was half of the July pace. Attributing the slowdown to seasonality and the recent rise in mortgage rates, CEO Anand Nallathambi says, “We anticipate moderate gains in home prices over the balance of this year, supported by the recent downward …
MHProNews has learned provider of commercial real estate and capital market services HFF (Holliday Fenoglio Fowler) has arranged $52 million in financing for Audubon Estates in Alexandria, Virginia. Working on behalf of Hometown America, HFF secured a ten-year, fixed-rate loan through a life insurance company. The 701-home site, all-ages manufactured …
Manufactured Housing Community Receives HFF Financing Read More
Manufactured housing community owner Sun Communities, Inc (NYSE:SUI) announces it will release its third quarter 2013 earnings results Thurs., Oct. 24, 2013 prior to the opening of the market. A conference call will follow that same morning at 11 AM eastern standard time, according to marketwatch.com. Call toll-free 888 549 …
Sun Announces date of Third Quarter Earnings Release Read More
Investors were betting the government shutdown would not last long, and, spurred by good news from Apple, the Nasdaq increased over one percent to rise above 3,800 for the first time since 2000. CNNMoney reports the Dow gained +62.03 points, +0.41 percent, to close at 15,191.70. Meanwhile, the Nasdaq moved …
All but Two Housing Stocks Advance; Three Major Indexes Gain Read More
A pediatrician at Children’s Hospital in Pittsburgh, Pennsylvania with a passion for design and sustainable housing has begun the process of bringing in the first solar-powered modular homes to the city. Dr. Orooj Fasiuddin’s urbanHAUS will site the first home on a lot in the Morningside neighborhood. A two bedroom …
The looming government shutdown sent investors heading for the doors today as all three indexes fell, the Dow dropping over 100 points. CNNMoney reports the Dow dropped -128.57 points, -0.84 percent, to close at 15,129.67. Meanwhile, the Nasdaq slid -0.27 percent, -10.11 points to end today’s trading at 3,771.48, while …
A legal dispute between two Elkhart, Indiana-based recreational vehicle (RV) suppliers is ramping up after U. S. District Judge Jon DeGuilio ruled AL-KO’s non-compete agreement is too broad. In moving from AL-KO to Lippert Components, inc., Larry Revelino had already agreed with both companies not to give away his former …
Lippert and AL-KO Wrangling over Patent and Personnel Read More
Investors shied away from the stock market again today as the gridlock in Congress over the potential government shutdown and the debt ceiling continued. CNNMoney reports the Dow dropped -70.06 points, -0.46 percent, to close at 15,258.24. Meanwhile, the Nasdaq slid -0.15 percent, -5.84 points to end today’s trading at …
Director at Drew Industries, Inc. (NYSE:DW) Edward W. Rose III sold 110,590 shares at $44.05 per share for a total of $4,871,901, according to wallcheatsheat.com. Sept. 26 Drew closed up +1.82% at 44.76. As MHProNews knows Drew is a component supplier to the manufactured housing and recreational vehicle industries through …
