With a wealth of manufactured housing in her background, Kathy Tompkins, of Grand Valley, Colo. has joined Heiden Homes Realty and Associates in Grand Junction. She currently owns Manufactured Home Parts, established in 2000, and specializes in manufactured home sales. A general contractor for 13 years, gjsentinel informs MHProNews Tompkins …
Universal Forest Products, Inc. (UFPI) reports second quarter 2013 net sales of $738.4 increased 24.4 percent over the $593.7 net sales for the same period of 2012. Second quarter net earnings for 2013 equaled $15.8 million compared to $17.5 million for the same period 2012, although 2012’s earning included gains …
Universal Forest Products, Inc. Sales Gain for Q2 213 Read More
The Dow and S&P reached new highs in today’s trading amid a drop in jobless claims and positive corporate returns that pleased investors. CNNMoney reports the Dow Jones Industrial Average gained +78.02 points, +0.50 percent, to close at 15,548.54. The Nasdaq moved up +0.04 percent, +1.28 points, to end the …
All Tracked Housing Stocks Gain; Dow and S&P Set new Highs Read More
In the forefront of the news recently has been the ability to make a handgun using 3-D printing technology. The next industrial revolution will be the advent of 3-D printing technology that will create everything from fine jewelry to body parts to large machinery to homes. Objects are constructed in …
With $1 million in financing from ROC (resident-owned communities) USA Capital, Prairie Lake Estates land lease community became Prairie Lake Estates Homeowners Cooperative, as the residents of this 70 homesite community became a Wisconsin limited-equity housing co-op corporation. The Northcountry Cooperative Foundation (NCF) provided leadership and technical support to the …
Wisconsin Land Lease Community Converts to Co-operative Read More
Building permits for single-family and multifamily housing construction are on the rise in Alaska’s capital city, Juneau for this year, including investment in manufactured housing (MH). An MH community in town has replaced 12 older homes with 12 brand new manufactured homes, according to Community Development Director Hal Hart. Additionally, …
Based on what they call a Universal Grid, Cannon Design has designed medical facilities using modular units the company says are useful in any health care application project. Because of its adaptability and quicker turnaround production time compared to site-built, it saves money and time and allows for alteration in …
Cannon Creating Medical Facilities with Modular Units Read More
According to government figures the pace of home building fell in June, mostly due to a drop in multifamily construction, as single-family starts fell one percent from May to June although the rate is still ten percent above year-ago levels. Work began on new homes at a seasonally-adjusted annual rate …
U. S stocks made modest gains as Federal Reserve Chairman Ben Bernanke, testifying before Congress, said the Fed will take a measured approach to the economy, tapering quantitative easing as the economy improves but increase it if the economy starts to falter. The three major indexes advanced ever so slightly, …
Three Major Indexes Nudge Up as do Most Housing Stocks we Follow Read More
Site development of the first of four modular homes is set for Monday, July 22 in Chambersburg, Penn., with two of the three-bedroom two-story homes ready for occupancy Oct. 1 of this year. The goal of city officials is to encourage affordable homeownership in the Southgate area where millions of …
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July, builder confidence for newly-built single-family homes rose six points to 57, the index’s third consecutive monthly gain and the highest reading since Jan. 2006. Based on builder perceptions of current home sales, traffic of …
On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for certain higher-priced mortgage loans (HPMLs), which would include manufactured home loans. Imposed by the Dodd-Frank Act, mortgage loans are considered to be higher-priced if …
Exemption for certain Manufactured Housing Appraisals on Tap Read More
Mixed corporate results and anticipation of Federal Reserve Chairman’s Ben Bernanke testimony before Congress on monetary policy tomorrow, Wed., July 17 added up to minor losses for the three major indexes. CNNMoney reports the Dow Jones Industrial Average fell -32.41 points, -0.21 percent, to close at 15,451.85. The Nasdaq lost …
Indexes Edge Down; Tracked Housing Stocks Close Mixed Read More
Patrick Industries, Inc., manufacturer and distributor of component parts for the manufactured housing and recreational vehicle industries will release its Q2 2013 financials before the market opens July 25, 2013. Based in Elkhart, Ind., Patrick reported a first quarter increase in revenue of 38.4 percent which produced income of $5 …
Working exclusively on behalf of Wynne Corporation to seek financing for two manufactured home communities (MHC) north of Los Angeles, HFF (Holliday Fenoglio Fowler, L.P.) secured acquisition financing for La Maria MHC in Santa Maria, Calif. and refinancing for Ojai Oaks Village in Ojai, Calif. La Maria is a 158-site …
Two California Land Lease Communities Obtain Financing Read More
A new development that will feature affordable, manufactured housing is set to rise on Horseshoe Bay South near Spiceland, Texas, just west of Austin. Owner of Austin Star Roofing Taurino Diego bought 163 undeveloped lots that he will build out for manufactured homes, along with realtor partner Dana Martin of …
Affordable Manufactured Housing Community for Texas Read More
Updating a story MHProNews last published May 27, 2013 regarding the plagued Sunset Village manufactured housing community in Glenview, Ill., new owners have purchased the property out of a three-year foreclosure. Former owner Richard Klarchek was sued by Cook County and the state for failing to adequately address water quality …
Real estate bargain-hunter mogul John Bushman of Odessa, Tex. started a used car business in Midland, in 1968 with $1,500. A year later opened he A-1 Homes, selling factory-built homes that grew to 23 locations and later included a factory making manufactured homes. The automobile business also did well, and …
Texas Investor Continues his Manufactured Housing Roots Read More
U. S. stocks managed tepid gains in today’s trading, as weak retail sales held down investors recent zeal. CNNMoney reports the Dow Jones Industrial Average gained 19.96 points, +0.13 percent, to close at 15,484.26. The Nasdaq rose +0.21 percent, +7.41 points, to end the day at 3,607.49, while the S&P …
Three Major Indexes, Most Tracked Housing Stocks make Modest Gains Read More
Killam Properties Inc. (TSX: KMP) will release its financial results for the second quarter ending June 30, 2013 on Wednesday, August 7, 2013, after the close of the market. A conference call to discuss the financials will be held on Thursday, August 8, 2013, at 12:00 PM EST. In Toronto …
