U. S. stocks plunged on news of a large drop in the Chinese stock market as well as lingering concerns about the tapering of the stimulus by the Federal Reserve, regaining some lost ground in the afternoon but still ending one percent down. CNNMoney reports the Dow Jones Industrial Average …
Plunging Indexes Draw Tracked Housing Stocks Down also Read More
A humanitarian solutions company for refugees of the Syrian conflict has built 1,000 modular homes, in addition to modular schools, hospitals and mosques on the border with Turkey. Modular and Mobile Solutions of Ras Al Khaimah, an emirate that is part of the United Arab Emirates (UAE) located on the …
Shortages of building materials may be significant in holding holding back a more robust return of the housing market, says the National Association of Home Builders (NAHB) Chief Economist David Crowe. According to a builders survey, 22 percent reported short supplies of oriented strand board (OSB), 20 percent said wall …
Real estate activity is ramping up in Eugene, Ore. as low inventory is producing multiple offers, and in some case bidding wars, driving prices up, especially on homes under $250,000. Carol John bought a three-bedroom home in 2010 for $283,000. As her investments soured during the recession and she wanted …
Former Site-built Homeowner moves to Manufactured Home Read More
Former beauty queen and one time manufactured home dealer JoLeigh Ares, doing business as Park Girl Sales LLC in the Rio Grande Valley area of Tex., has racked up an alleged 89 claims against her now bankrupt business totaling $2.9 million. The brownsvilleherald reports $1.5 million of the total is …
Manufactured Home Retailer, Facing Multiple Fraud Charges, Opens New Business Read More
Although the Dow and the S&P managed meager gains for the day, stocks fell for the second straight week on continuing fears the Federal Reserve will cease its $85 billion monthly stimulus. CNNMoney reports the Dow Jones Industrial Average nudged up +41.08 points, +0.28 percent, to end the day at …
Tracked Housing Stocks, Three Major Indexes End Week Mixed Read More
While the number of employees in the manufactured housing (MH) industry in Ore. dropped from 2,000 in 2007 to around 600 by the end of last year, factory-built housing producer GreenFLEX intends to hire some of those workers at a facility in Stayton, Ore. that once made modular homes. The …
Structural Panels Maker GreenFLEX Expanding in Oregon Read More
Noting the median home price jumped eight percent from April to May to $208,000, and sales of homes rose four percent for the same period, chief economist Lawrence Yun of the National Association of Realtors (NAR) says, “The home price growth is too fast, and only additional supply from new …
Federal Reserve Chairman Ben Bernanke’s words that the Fed will exit its support of the market likely by next year reverberated through the market today, sending investors heading for the exits and the Dow into a tailspin. CNNMoney reports the Dow Jones Industrial Average plummeted -353.87 points, -2.34 percent, to …
Fears of Fed Withdrawing Stimulus Spooks Investors Read More
Manufactured housing community owner Sun Communities, Inc. (NYSE:SUI) announces a quarterly dividend of $0.63 per share for investors of record as of June 28, 2013, payable on July 19, 2013. Represents a dividend yield of 5.06 percent, according to watchlistnews, with an ex-dividend date of June 26. With a 50-day …
Residents of Foxwood Village manufactured housing community in Calverton, NY near the eastern tip of Long Island are in despair over the loss of a heavily wooded area behind their homes being clear cut for a Costco Wholesale Club. Instead of trees lining the property, unhappy residents will see a …
Development Irks Manufactured Housing Community Residents Read More
Shares of Cavco Industries, Inc. (NASDAQ:CVCO) stock have been commented on by three different analysts, going in different directions each time, in the last seven weeks. On May 1 The Street downgraded Cavco from a buy rating to a hold rating; May 28 The Street upgraded shares from hold to …
As follow-up to a story MHProNews posted Feb. 27, 2013 concerning Universal Forest Products, Inc. (UFPI) taking over a former manufactured housing facility in Silverton, Ore., city officials now say UFPI has put those plans on hold. Silverton City Manager Bob Willoughby says the 126,000 square-foot building, once occupied by …
Manufactured Housing Component Supplier puts Project on Hold Read More
Following the Federal Reserve’s hinting that it may taper its bond purchases later this year, the three major indexes all lost 1.12 percent to 1.39 percent in a slide that cost the Dow just over 200 points. CNNMoney reports the Dow Jones Industrial Average fell -206.04 points, -1.35 percent, to …
Many Tracked Housing Stocks, Three Major Indexes all Tumble Read More
Private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden Rudolph to Vice President, Asset Management. A 2010 MBA graduate of Northwestern University’s J L. Kellogg School of Management, Rudolph has been active in strategic initiatives at American Land Lease, Inc., an owner/operator of 50 …
Green Courte Announces Promotion of Braden Rudolph Read More
A fifteen acre parcel of land in Kings County, Nova Scotia, Canada has been approved for retail and residential development, as the Kings County Council voted unanimously to give the second and final reading to the rezoning proposal for the property in Kentville. The redevelopment by Kent Building Supplies Limited …
Canadian Development may Include Manufactured Housing Read More
Housing starts increased 6.8 percent in May to a seasonally-adjusted annual rate of 914,000 units due to a jump in multifamily construction. Single-family production remained steady at 599,000 homes, but multifamily activity grew 21.6 percent to 315,000 units. Regionally, the South posted a gain of 17.8 percent in combined starts …
All three indexes advanced, with the Dow moving up over 120 points, as inflation remains low and housing starts increase, despite concerns of what the Federal Reserve may reveal Wed., June 19, about possibly tapering the quantitative easing. CNNMoney reports the Dow Jones Industrial Average gained +0.91 percent, +138.38 points, …
Most Tracked Housing Stocks Advance, as do the Three Major Indexes Read More
Birmingham, Mich. based Q10 l Lutz Financial Services has arranged $108 million for the refinancing of a portfolio including 47 manufactured housing properties and three apartments. Lutz, a commercial real estate financial services firm, says the unnamed, Midwest-based private investor realized $99 million for the manufactured housing communities and $9 …
Portfolio of Manufactured Housing Communities Obtains Refinancing Read More
The transportation package that was passed by the Virginia General Assembly and signed into law by Governor Bob McDonnell includes tax increases that go into effect July 1, 2013. The titling tax for manufactured homes remains at $10, but the retail sales and use tax, which covers modular homes, will …
