MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading …
Where any number over 50 indicates more builders see the market as improving rather than getting worse, the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) dropped two points to 52, while still marking the fifth consecutive quarter with a reading over 50. The MPI measures construction of …
Tepid economic news and a sell off of Japanese stocks did not budge the three major indexes as they gained modestly, increasing their rise for the year of 16-18 percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.14 percent, 21.73 points, to close at 15,324.53. The Nasdaq moved …
Three Indexes Continue Rising; Tracked Housing Stocks Close Mixed Read More
According to the huffingtonpost.ca, Keith Dewey used eight 20-foot shipping containers to construct a 2,000 square-foot house on a lot of 40 feet by 42 feet in Victoria, British Columbia, Canada. Thought to be Canada’s first shipping container building, residential designer Dewey says Zigloo Domestique was inspired by a 20-foot …
The 1984 video game Tetris has seemingly inspired a Beijing modular, micro-house made of a series of easy-to-assemble, stackable units, as mothernaturenetwork informs MHProNews. Furniture surfaces and envelopes for storage are part of the fiber-reinforced blocks when assembled into a unit, which includes bedroom, bathroom and office modules, interlock-able and …
Modular housing builder Northstar Systembuilt will be relocating its assembly line to an existing 53,000 square foot building in Redwood Falls, Minn. in the southwest part of the state from its current facility in Marshall, Minn., according to redwoodfallsgazette. It had received a tax abatement to construct a 36,000 square …
The Napa Valley Register in Calif. offers definitions of mobile, manufactured and modular homes and the appropriate financing. Mortgage banker Chris Salese notes that fateful day of June 15, 1976 when manufactured homes came under the jurisdiction of the Department of Housing and Urban Development (HUD) and the regulated production …
The starphoenix of Saskatoon, Saskatchewan, Canada tells MHProNews a modular housing complex for 180 people was completed in just 59 days at Cold Lake, Alberta, Canada. 3twenty Solutions of Saskatoon built the three-story complex for the Department of National Defense and to accommodate international visitors. Each room has two beds, …
Modular Housing Project Finished Within Two Months Read More
Concerns about what will happen when the Federal Reserve ends its quantitative easing led to stocks dropping sharply in today’s trading. CNNMoney reports the Dow Jones Industrial Average fell -106.59 points, almost the exact amount it gained in yesterday’s trading, -0.69 percent, to close at 15,302.80. The Nasdaq dropped -0.61 …
Three Major Indexes, most Tracked Housing Stocks Decline Read More
Woodward County Commissioners in Woodward, Okla. are moving forward on a zoning request change for a subdivision comprised of 36 one-acre lots for manufactured and modular housing as well as for stick-built homes. A public hearing is set for June 10 at a regularly scheduled county commissioners meeting for those …
Responding to news that housing prices recorded the biggest increase since 2007 and a consumer confidence reading marking a five year high, CNNMoney reports the Dow Jones Industrial Average hit a new record, surging 106.29 points, +0.69 percent, to close at 15,409.39. The Nasdaq gained +0.86 percent, +29.75 points, to …
According to what Trulia tells MHProNews, based on housing starts, existing home sales, and the delinquency/foreclosure rate, the housing market is 54 percent back to normal. April housing starts dropped to an annualized rate of 853,000, down 16 percent from March to the lowest level since Nov. 2012, putting it …
Following a story we first published March 21, 2011 concerning the possible closing of Sunset Village MHC in Glenview, Ill. by Capital First Realty, and its subsequent placing in the hands of a court-appointed receiver as we reported July 2, 2011, it has now emerged from federal bankruptcy, according to …
Allison Arieff says in The New York Times, in addition to the 1,500 modular apartment units at the 32-story Brooklyn Atlantic Yards and the ten-story micro modular apartments with 55 units being designed by nArchitects in Manhattan, GRO Architects is constructing over 300,000 square feet of modular housing in Baltimore …
Modular Multifamily Housing Growing in Urban Areas Read More
The National Association of Home Builders (NAHB) reports HUD and Census Bureau figures show sales of newly-built single-family homes rose 2.3 percent in April to a seasonally-adjusted annual rate (SAAR) of 454,000 homes. “Today’s report is further evidence of the gradual, consistent improvement we have been seeing in housing market …
Investors stepped back from the market today, anticipating how life will be when the Federal Reserve ends its asset purchasing, which may happen later this year. Meanwhile, CNNMoney reports the Dow Jones Industrial Average nudged up +0.06 percent, +8.6 points, to close at 15,303.10. The Nasdaq lost -0.01 percent, -0.28 …
Three Indexes Just Budge; Tracked Housing Stocks Mostly Fall Read More
According to globenewswire, Cavco Industries, Inc. reports net income before taxes for the fiscal fourth quarter 2013 was $3 million, up from $2.9 million from the same period last year including a $1.2 million tax benefit from the acquisition of Palm Harbor. Net revenue rose 9.4 percent for fiscal Q4 …
Following MHProNews story line from Wed, May 22 about legislation in Iowa, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) tells us the House has passed property reform tax bill SF 295 that will treat apartments, MHCs and nursing homes the same as residential property. Effectively, beginning with taxes …
The Wall Street Journal informs MHProNews three senior executives at Sam Zell’s Equity International (EI) real estate company resigned this week on the heels of the head of capital markets departure, as well as co-founder of the fund and CEO Gary Garrabrandt, who left last Sept. Chief Operating Officer Ira …
Following up on a post MHProNews last published April 8, 2013 regarding a lawsuit filed against an MHC owner for allegedly violating Penn. law requiring payment relocation expenses to residents of communities that close, realestaterama says Attorney General Kathleen G. Kane has settled with the owners. Kenneth Mayes, II and …
