Estevan, Saskatchewan, Canadaian developer Kurtis Dmuchowski has received an initial green light to proceed with a modular housing subdivision in which the residents will own the land and the homes, and will have input to a board of directors that makes decisions about the community’s operation. The 56.62 acre site …
Updating a story MHProNews posted earlier today about allegations by the Consumer Financial Protection Bureau (CFPB) that Castle & Cooke Mortgage of Salt Lake City made illegal incentive payments to loan officers, the president of C & C denied the charges and is seeking to resolve the issue. “We don’t …
Although the Nasdaq index was spurred on by Facebook’s strong earnings report, the broader market was not terribly active today one way or the other, although the other two indexes did move up slightly, and all three are up 18 percent on the year. CNNMoney reports the Dow Jones Industrial …
Patrick Ind. Makes Gains, Nobility Falls; Three Major Indexes Move Up Read More
Manufactured housing component supplier Lippert Components, Inc. of Elkhart, Ind. announces its patented Level Up automatic leveling system for recreational vehicles (RV) is now available using a wireless remote. Level Up will level an RV in under a minute, and it includes a feature that remembers the exact height at …
Lippert Brings Wireless to Recreational Vehicle Leveling Read More
Campaign contributions for seven of eight newly installed GOP House committee chairmen have risen 59 percent in this year over the first six months of 2011. The 11 continuing committee chairmen only show a three percent average increase in first-half contributions this year over the same time frame two years …
Manufactured Housing Community owner Sun Communities, Inc. (NYSE:SUI) will release its Q2 2013 financials before the market opens Thurs., July 25, to be followed by a conference call at 11 a.m. that same morning. For the first quarter of this year revenue increased 24.4 percent over the same period last …
A mortgage lender is being sued by the Consumer Financial Protection Bureau (CFPB) for allegedly paying bonuses to loan originators that charged consumers higher interest rates in violation of the loan officer compensation rule. The 85th largest lender in the country, Castle and Cooke Mortgage LLC of Salt Lake City …
Sales of new single-family homes spiked 8.3 percent in June to a seasonally-adjusted annual rate of 497,000 units, says the National Association of Home Builders (NAHB), their best pace in the last five years, according to the Dept. of Housing and Urban Development and the Census Bureau. The inventory of …
A super energy efficient modular house from Swiss housing firm Nuhaus will be showcased at the BRE Innovation Park in Watford, England at the Insite 13 exhibition Oct. 2, 2013. The two semi-detached two-story houses are aimed at the affordable housing market, and can be fully erected in one day. …
England, Switzerland Collaborate on Modular Housing Read More
While the Manufactured Housing Association for Regulatory Reform (MHARR) reports the government-sponsored enterprise (GSE) finance reform bill in the House, called the Protecting American Taxpayers and Homeowners Act (PATH), is being prepared to move forward, there is no indication manufactured housing consumer financing is included. Although some industry reports say …
Manufactured Housing Finance Needs to be in Reform Bill Read More
Investors today weighed the recent corporate returns for Q2 2013–mostly good–against a weaker-than-expected report showing an index of manufacturing activity fell 11 percent, but the Dow nevertheless managed to eke out a new high. CNNMoney reports the Dow Jones Industrial Average edged up 22.19 points, +0.14 percent, to close at …
Supplier of components for the manufactured housing and recreational vehicle industries, Drew Industries, Inc. will release its 2013 Q2 financials prior to the opening of the market on Tue., Aug 6, 2013. That same day at 11 a.m. EST an interactive conference call limited to analysts and institutional investors will …
Chicago-based, land lease community operator Equity LifeStyle Properties (NYSE:ELS) will announce its second quarter 2013 earnings report in a conference call Tue., July 23 at 11:00 AM. In its first quarter 2013 earnings data, ELS reported revenue of $190.59, beating the consensus estimate of $177.42. According to utahpeoplespost, the revenue …
Equity LifeStyle Properties to Release Q2 Financials Read More
While sales of existing homes slipped 1.2 percent in June from May, the National Association of Realtors (NAR) says sales rose 15.2 percent over June of 2012. The seasonally-adjusted annual rate (SAAR) fell from 5.14 million in May to 5.08 million in June. Lawrence Yun, NAR’s chief economist, says higher …
The Costa Mesa (Calif.) City Council voted 4-0 to deny changing the Rolling Homes manufactured housing community from general commercial to high-density residential for the development of a 208-unit apartment complex. An amendment to the city’s General Plan would be needed to change the 55-site community of seniors, who said …
The three major indexes moved up very little in today’s trading as investors anticipate a deluge of corporate returns for the second quarter 2013, although the gains by the S&P were sufficient to set a new record. CNNMoney reports the Dow Jones Industrial Average edged up 1.81 points, +0.01 percent, …
S&P Hits New Record; Most Tracked Housing Stocks Move Little Read More
A new modular home dealer in Jamestown, North Dakota will allow prospective customers the opportunity to tour their model homes between 5 and 9 PM, after the office is closed for the day. Jodi and Cory Bayer’s Marvel Homes will be supplied by Wisconsin Homes of Marshfield, Wis., offering cabins, …
As sales of manufactured housing’s sister industry, the recreational vehicle (RV) business, began accelerating in mid-2012, it also spurred the sales of several manufactured housing (MH) component suppliers. Shipments of motor homes rose 30 percent through May of this year compared to 2012. Drew Industries, Inc., one of the three …
RV Sales Spike Manufactured Housing Component Suppliers Read More
Although the Dow and Nasdaq fell today, and the S&P rose slightly, the Dow and S&P are up almost 19 percent on the year, and the Nasdaq has gained nearly 20 percent. CNNMoney reports the Dow Jones Industrial Average edged down 4.8 points, -0.03 percent, to close at 15,543.74. The …
Most Tracked Housing Stocks Gain; S&P Gains, Dow and Nasdaq Slide Read More
Canada’s Killam Properties, Inc. (TSE:KMP) report investors of record on July 31 will be paid a dividend of $0.0483 per share on Aug. 15, 2013. Three research analysts have rated the stock with a hold rating and four have rated it buy. While shares opened at $13.90 today, July 19, …
