One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re …
Updating a story we last posted Sept. 4, 2013 about the acquisition of two manufactured housing community (MHCs) properties by Ingenia Communities in Australia, MHProNews has learned the company has raised $61.5 million to fund the acquisition of eight additional MHCs. Although contracts have been exchanged on only the Drifters …
Australian Firm Focusing Exclusively on Manufactured Housing Communities Read More
As shares of IBM rose two percent and fears of a military strike against Syria waned, the Dow gained over 100 points for the second consecutive day. CNNMoney reports the Dow gained 135.54 points, +0.89 percent, to close at 15,326.60. Meanwhile, the Nasdaq nudged down -0.11 percent, -4.01 points to …
Dow Rises over 100 Points again; Tracked Housing Stocks Mostly Gain Read More
With a background in law and engineering, Brian Hess has been chosen as the Chassis Division Product Manager at Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. (NYSE:DW). In this new role within the chassis division, Hess will work closely with customers and the research and development team …
Lippert Appoints Hess to New Role in Chassis Division Read More
As a military strike against Syria wanes and China reports an uptick of 10.4 percent in industrial output in August, investors grinned as all three major indexes rallied again today. CNNMoney reports the Dow gained 127.94 points, +0.85 percent, to close at 15,191.06. The Nasdaq advanced +0.62 percent, +22.84 points …
Three Major Indexes Rally; Tracked Housing Stocks Close Mixed Read More
The lack of first-time homebuyers who are choosing to rent or remain with their parents is causing concern among industry experts. In addition, many young adults only remain at their jobs for two of three years resulting in the lack of interest in being tied to a mortgage. MHProNews has …
Housing Recovery Sidetracked by Dearth of First-Time Homebuyers? Read More
The National Association of Home Builders (NAHB) reports 44 markets have been added to the First American Improving Markets Index (IMI) for Sept., bringing the number to 291, the highest number since the index began two years ago. Based on improvement in housing permits, employment and home prices for at …
As fears of a military strike in Syria may be fading, the Dow spiked 140 points and the S&P and Nasdaq each gained one percent or more. CNNMoney reports the Dow gained 140.62 points, +0.94 percent, to close at 15,063.12. The Nasdaq advanced +1.26 percent, +46.17 points to end the …
Several Tracked Housing Stocks Join the Three Major Index Rise Read More
The South Pacific Ocean city of Gympie, just north of Brisbane, Australia is home to Gympie’s Wholesale Building Solutions, manufacturer of modular homes using a fire resistant, insulating foam panel. Karra Corbet bought the Australian rights to Polyphen, and on Sept. 8, the first completed modular residence was loaded onto …
Elkhart, Indiana-based Patrick Industries (NASDAQ:PATK) announces the acquisition of Frontline, Mfg., Inc. and Premier Concepts, Inc., two related companies, both of nearby Warsaw, IN for $8 million. Frontline manufactures bath fixtures for the manufactured housing and recreational vehicle markets, and has projected revenues for this year of $15 million. Premier …
According to statistics gathered on behalf of the U. S. Department of Housing and Urban Development (HUD), manufactured housing production rose in July, 2013 to 4,793 HUD Code homes, an increase of 13.5 percent over the 4,221 homes produced in July, 2012. The Manufactured Housing Association for Regulatory Reform (MHARR) …
The Memorial Hospital’s (TMH) Board of Trustees in Craig, Colorado has just approved the site lease for a 5,000 square foot modular dialysis building on hospital land. Sanderling Healthcare of Nashville, Tennessee would lease the land and build and operate the center. Not only would there be eight stations for …
Financial consulting firm D. A. Davidson, which provides advice on a wide range of financial products, has changed their comment on Universal Forest Products Inc. (UFPI) from neutral to buy, according to streetinsider.com. UFPI closed up +2.99% in trading, Thurs., Sept. 5, including after hours, to end at 38.12. The …
A National Association of Home Builders (NAHB) survey reveals a shortage of buildable lots is contributing to the lack of a more robust housing market recovery. “In our August 2013 survey, 59 percent of builders reported that the supply of lots in their markets was low or very low—up from …
While the jobs report tomorrow is expected to show a slight increase, and investors continue to bite their nails over a possible impending military strike against Syria, all three major indexes gained for the third day in a row, albeit modestly. CNNMoney reports the Dow moved up +6.61 points, +0.04 …
Louisiana Pacific Spikes, Major Indexes Rise Again Read More
Updating a story MHProNews initially developed July, 1, 2013 regarding the siting of the first of five modular homes by Indy Mod Homes in Indianapolis, builder Ursula David, in her first foray into the modular home industry, has moved into the home, according to ibj.com. Sited just northeast of downtown …
RSI’s modular home factory in Mira Loma, California has begun production once again, as pent-up demand, rising home prices, low for sale inventory and the need for affordable housing hits southern CA. Acquiring land during the housing downturn, the company has 100 lots in Orange County, plus numerous in-fill lots …
Ingenia Communities (ASX ticker:INA) of Sydney, Australia has acquired two manufactured home communities in Mudgee, New South Wales, Australia for $11.2 million. The Mudgee Valley Tourist Park had a price tag of $4 million, according to proactiveinvestors.com.au, while the Mudgee Tourist and Van Resort sold for $7.2 million. Ingenia specializes …
Despite investors’ caution that the U. S. will likely lead a military strike in Syria, the three major indexes gained for a second consecutive day, with the Dow rising nearly 100 points and the NASDAQ improving one percent. CNNMoney reports the Dow moved up +96.91 points, +0.65 percent, to close …
Most Housing Stocks Advance as Major Indexes Improve Read More
Lippert Components, Inc. and Kinro, Inc. announce the promotion of Andy Pocock to Vice President of Sales, Specialty and Manufactured Housing Markets for the Elkhart, Indiana-based subsidiaries of Drew Industries, Inc. (NYSE:DW). His eight-year plus stint with the sister companies included roles in suspension and running gear management, and for …
Andy Pocock Promoted to Vice President at Lippert and Kinro Read More
