The nationalmortgagenews informs MHProNews the asking price for homes has risen 9.5 percent May 2012 to May 2013, according to the Trulia Price Monitor, with increases in 98 of 100 largest metro markets. By removing foreclosures from the equation, it jumps to 10.5 percent; but on a seasonally-adjusted basis prices …
Sales of manufactured housing have risen 34 percent this year in Ohio, says Tim Williams, Executive Director of the Ohio Manufactured Homes Association. According to what mydaytondailynews tells MHProNews, last year’s sales of manufactured homes homes increased by the greatest number in 22 years, rising 28 percent. In 2009 sales …
A good jobs report from the federal government spurred all three indexes to rise above one percent as the week drew to a close. CNNMoney reports the Dow Jones Industrial Average advanced +1.38 percent, +207.50 points, to close at 15,248.12. The Nasdaq gained +1.32 percent, +45.17 points, to end the …
Three Indexes End Week up; Housing Composite Gains 4.57% Read More
According to knoxnews, Clayton Supply, a division of Clayton Homes, has acquired one of its suppliers, a vinyl window manufacturer in Crossville, Tenn. Purchased from Elixir Industries and renamed Clayton Windows, the facility has the production capability for 450 windows a day, but Clayton intends to ramp up output to …
According to the National Association Home Builders (NAHB)/First American Improving Markets Index (IMI), five U. S. housing markets have been added to the list of those returning to health in June. Based on housing permits, employment and house prices that have been improving for six months, “This is the fifth …
With uncertainty still in the air over future Federal Reserve policy and the sluggish economy, investors made enough inroads in trading today to regain some of what was lost yesterday, but not much. CNNMoney reports the Dow Jones Industrial Average advanced +0.53 percent, +80.03 points, to close at 15,040.62. The …
The National Modular Housing Council (NMHC) reports for the first quarter of 2013 modular home shipments hit 2,913, up 3.9 percent from the same period 2012. Compared to the same period in 2012, shipments rose in 11 states, declined in ten states, and remained virtually unchanged in 13 states. By …
According to insidermonkey, Sun Communities, Inc. (NYSE:SUI), a real estate investment trust (REIT) that owns and operates 184 manufactured housing and recreational vehicle communities, returns a higher dividend yield (5.0% versus 2.6% for Equity Lifestyle Properties, Inc.) and is more capital efficient (ELS has a higher capex-to-sales ratio of 4.1 …
Concerns about the economy slowing down and the Federal Reserve’s quantitative easing being reduced sent stocks tumbling in today’s trading, as the Dow lost over 200 points. CNNMoney reports the Dow Jones Industrial Average dropped -1.43 percent, -216.95 points, to close at 14,960.59. The Nasdaq fell -1.27 percent, -43.78 points, …
According to dailyfinance, MH component supplier Drew Industries is quick at turning cash outflows into cash inflows, based on a formula that may be just as important as income in determining the financial health of a company. The cash conversion cycle (CCC) calculates days inventory outstanding to days sales outstanding, …
Unlike the prefabricated housing that dominated the industry after WWII, SpineLock Living in Mansfield has developed a modular system the company’s CEO Derick Wilson hopes will revolutionize home building in Great Britain. The sections are transported to the site and then slotted together using a panelized interlocking system and then …
Weakness in the energy and materials sector and investors’ concern over unknown but coming Federal Reserve policy led to the drop in the three major indexes today. CNNMoney reports the Dow Jones Industrial Average dropped -0.50 percent, -76.49 points, to close at 15,177.54. The Nasdaq moved down -0.58 percent, -20.11 …
Three Major Indexes Fall, Most Tracked Housing Stocks Follow Read More
Updating a post we published Nov. 22, 2012 regarding the Broad Group’s proposal to construct the world’s tallest building, Beijing gave its approval for the modular project that will house over 30,000 residents, according to troymedia. Set for construction in Changsha, China, in the Hunan Province, the 220-story building, Sky …
Modular builder Britco of Vancouver, British Columbia, Canada has entered into a partnership with the Tsleil-Waututh Nation to create some mutually beneficial business opportunities. As newswire.ca tells MHProNews, the First Nation is comprised of 500 members who live along the shores of the Burrard Inlet in N. Vancouver, BC. With …
The standard.net.au reports from Warrnambool in southeastern Australia on the Indian Ocean all 17 lots designated for affordable housing sold within hours of being placed on the block by the Warrnambool City Council. Seven of the homes were snapped up by Rod Stephens of Modular Homes, as MHProNews has been …
The first day of June began with a bang as the Dow gained over 100 points in a steady rise all afternoon. CNNMoney reports the Dow Jones Industrial Average gained +0.92 percent, + 138.46 points, to close at 15,254.03. The Nasdaq advanced +0.27 percent, +9.46 points, to end the day …
Indexes Begin June Rising; Tracked Housing Stocks close Mixed Read More
According to philly.com, rent controls for the 46 low or moderate-income residents of Tricia Meadows manufactured housing community in Mount Laurel, NJ will expire at the end of the year and become market rate like the other homes in the 400 site community. Built in 1984 by developer Roger Davis …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Dept. of Housing and Urban Development (HUD) statistics reveal production of manufactured homes in April rose 14.7 percent over April 2012, 5,313 homes over 4,630. Total production for the year equals 18,173 homes, an increase of 4.2 percent over …
All three indexes lost over one percent in a strong sell-off of stocks to end the month, although all three are on the plus side for May. The Dow Jones Industrial Average marked the sixth consecutive monthly gain; all three indexes are up approximately 16 percent on the year. CNNMoney …
Indexes, Most Tracked Housing Stocks all Fall Down Read More
The Rumbling Bald Resort area of Lake Lure in western North Carolina has a new name on the Approved Builder roster: Vision Building Group (VBG) spent most of last year building and finishing a modular home at the resort. PRWeb says the company can now be used by current and …
