Oracle of Ohama Warren Buffett says Obamacare should be eliminated because the average citizen will suffer the most without changes to the plan. He adds health care costs need to be controlled before providing health insurance to everyone, otherwise continuing as we are will lead to less competition. As newsbusters.org …
MHProNews has learned Lippert components, Inc. (LCI) has purchased a 56-acre plot of land outside the Goshen, Indiana city corporate limit, but adjacent to the city corporate lines, for future company use. LCI is a component supplier to the the manufactured housing and RV industries, according to rvbusiness.com, as well …
Equity LifeStyle Properties, Inc. (NYSE:ELS) has acquired Fiesta Key RV Resort, a 324-site resort and marina in the Florida Keys. Located in the Florida Keys on the Gulf of Mexico, ELS paid $24.6 million, according to 4-traders.com, funded with cash. As MHProNews knows, ELS is the largest owner of manufactured …
RV Community and Marina purchased by Equity LifeStyle Properties Read More
Stocks surged in today’s trading after the two-day Federal Reserve meeting revealed tapering of Quantitative Easing program will not begin yet, just the tune investors wanted to hear. CNNMoney reports the Dow shot up 147.21 points, +0.95 percent, to close at 15,676.94. Meanwhile, the Nasdaq gained +1.01 percent, +37.94 points …
Tracked Housing Stocks all Gain as Dow, S&P hit New Highs Read More
An affordable housing complex in Regina, Saskatchewan, Canada is set to include modular homes as part of a project to finance 1,000 new entry-level homes over five years. Builders are eligible for loans of 90 percent of construction costs of the homes, including the land, at four percent interest. With …
According to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), builder confidence in the market for new, single-family homes remained unchanged in Sept. at 58. “While builder confidence is holding at the highest level in nearly eight years, many are reporting some hesitancy on the …
Despite the looming tapering of quantitative easing by the Federal Reserve, all three major indexes advanced in today’s trading. CNNMoney reports the Dow gained 34.95 points, +0.23 percent, to close at 15,529.73. Meanwhile, the Nasdaq gained +0.75 percent, +27.85 points to end the day at 3,745.70, while the S&P gained …
Three Major Indexes Edge Up; Tracked Housing Stocks Mixed Read More
In yet another testament to the spreading of manufactured housing sales radiating from the Bakken oil fields in western North Dakota, Shult Homes of Redwood County in southwestern Minnesota is feeling the flourish of the upturn. Shult’s Jeff Wedan says the positive effect is hitting the manufactured home industry in …
Bakken Continues to Spur Manufactured Home Industry Read More
The Rogers Park neighborhood in Chicago is the newest recipient of Starbucks’ modular drive-thru/walk-up coffee shop made of shipping containers, the sixth in the country for the 19,000 location chain. The units take about four people and two to three hours to unload and site them on the foundation. As …
The news that Larry Summers withdrew his bid to be the next Federal Reserve Chairman sent the S&P surging towards a new high in today’s trading, while the Dow spiked over 100 points and the Nasdaq nudged down. CNNMoney reports the Dow gained 118.72 points, +0.77 percent, to close at …
Dow Rises, S&P Nears New High, Housing Stocks Close Mixed Read More
In Ortley Beach, New Jersey, adjacent to Seaside Heights, where 2,200 of 2,400 bungalows were damaged or wiped out by Hurricane Sandy, builder John Westrum is beginning to replace some of them with modular homes, recently completing a model home. He says many of the bungalows are 60-years old and …
The fully-equipped former Penn Lyon modular home plant outside Selinsgrove, Pennsylvania has been acquired by Arcon Group, Inc., a firm that specializes in managing modular construction that will now build its own modular units. Arcon founder Bud Miller, who once worked for Penn Lyon, expects to employ 100 within 18 …
The continuing reluctance on the part of the U. S. to attack Syrian targets and the anticipation of the Federal Reserve’s next move led investors to push the three major indexes higher to end trading for the week. CNNMoney reports the Dow gained 75.42 points, +0.49 percent, to close at …
Patrick, Cavco and LPX Advance Nicely; Three Major Indexes End Week Up Read More
Provider of equity research Sidoti & Company LLC has issued a BUY rating for the stock of manufactured housing community owner UMH Properties, Inc. based on its presence in the Utica and Marcellus Shale energy exploration region. Sidoti says an influx of workers and families to the area, which includes …
Producer of modular workforce buildings, mobile offices, and permanent modular buildings, Canada’s Atco Ltd. has sold its half of the joint venture in South America with Tecno Fast to its partner for Canada $124 million. The sale includes assets in Brazil, Chile, Colombia and Peru, according to winnipegfreepress.com. With 8,800 …
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at the full committee hearing on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report with Director Richard Cordray. “This morning we welcome Director Richard Cordray, Director of the CFPB, to deliver the bureau’s latest semi-annual report. Mr. …
The Britco Division of WesternOne, Inc. has entered a $100 million agreement to supply a major energy company with modular workforce accommodations in Northern Alberta, Canada. Comprised of over 1,500 rooms, 4-traders.com says the units will be built in Britco’s facilities in British Columbia, Canada. The project will get underway …
Modular Workforce Development Planned for Northern Canada Read More
A modular dwelling which sits atop an eight-story building in downtown Hobart, Tasmania, Australia could be re-located in two years to a suburban area, a remote mountaintop or a beachfront. Created by Rosevear Architects and Tasmanian property developer Brett Torossi, each module is 10.5 feet wide X 22 feet long …
Investors stepped back from recent gains on the big board which have pushed major indexes to near record levels, as the indexes slipped slightly. CNNMoney reports the Dow fell -25.96 points, -0.17 percent, to close at 15,300.64. Meanwhile, the Nasdaq nudged down -0.24 percent, -9.04 points to end the day …
Tracked Housing Stocks Follow Lead of Major Indexes Read More
Mortgage applications fell 13.5 percent from last week, and the 30-year fixed-rate mortgage rate rose from 4.51 percent to 4.57 percent this week, according to HousingWire. Mortgage Bankers Association (MBA) reports the Refinance Index fell 20 percent from the previous week, and 71 percent from the week of May 3. …
