U. S. stocks slid as markets were down around the world, led by the Nikkei in Japan. The Dow had fallen steeply at the beginning of the trading session but recovered to finish with a minor loss. CNNMoney reports the Dow Jones Industrial Average fell -0.08 percent, -12.67 points, to …
Three Major Indexes Slide; Cavco Rises, Deer Valley Drops Read More
MarketWatch reports senior executives of MHC owner UMH Properties, Inc. will present at this year’s National Association of Real Estate Investment Trust’s (NAREIT) REITWeek Investor Forum June 5, 2013. Held at the Hilton Chicago, as MHProNews has learned independently, Northstar Realty Finance Corp. will also be among the presenters at …
Following up on a post from yesterday, May 22, about the three-story disaster housing by Garrison Architects New York City has chosen to meet emergency needs, treehugger compares shipping containers to modular housing, much as NYC did. Shipping containers can be easily stored for a dollar a day, stack 16 …
The National Association of Home Builders (NAHB) reports the inventory of newly-built homes because of the recession has led to both houses of Congress with legislation seeking to resolve some ongoing credit access problems for builders. S. 1002 Senators was introduced by Robert Menendez (D-NJ) and Johnny Isakson (R-Ga). Similar …
MHProNews has learned from CNNMoney the National Association of Realtors (NAR) released figures today that show total home sales rose 0.6 percent in April to just under an annual pace of five million, up nearly ten percent from a year ago. Lawrence Yun. Chief economist for NAR, noting consumer traffic …
Investors got mixed messages from the Federal Reserve, causing them to back off from the market today after earlier hitting new highs, sending the three indexes into the red. CNNMoney reports the Dow Jones Industrial Average fell -0.52 percent, -80.41 points, to close the day at 15,307.17. The Nasdaq dropped …
Tracked Housing Stocks Range Widely:Skyline Rises, Cavco, LPX Drop Read More
According to what multihousingnews tells MHProNews, Jonathan McClellan and Kyle Baskin of Marcus & Millichap Real Estate Investment Services have been named senior directors of the company’s National Manufactured Housing Group. Since joining the Cleveland, Ohio firm in 2006, McClellan has closed on 48 transactions totaling over $148.5 million, according …
NewsChannel34 reports the city of Binghamton, New York partnered with city, state and private sources to acquire and demolish four blighted homes and replace them with three affordable, energy-efficient, single-family modular homes at a cost of $700,000. Community housing developer First Ward Action Council’s (FWAC) Executive Director Jerry Willard says, …
KnoxNews informs MHProNews Miss Kay and Phil Robertson, stars of the A&E reality TV show “Duck Dynasty” have signed an agreement, along with Phil’s brother, Si, to do a series of commercials promoting Clayton Homes. “What do I know about Clayton Homes?” Phil Robertson asked. “I know they’re built right …
As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet: …
According to gwdtoday, the Greenwood City Council in Greenwood, South Carolina unanimously approved the rezoning of property along Beadle Ave. from R7 (high-density residential) to RM7 (high-density residential manufactured housing). The owner of the property intends to place modular homes on the site. Several members of the council noted it …
Ahead of official forecasts by the National Association of Realtors (NAR) and the Commerce Dept., nationalmortgagenews informs MHProNews a survey of economists by Bloomberg reports new and existing home sales rose to a seasonally-adjusted-annual-rate (SAAR) of 5.41 million in April. This marks the highest number since Nov. 2009 when the …
Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900 …
Investors backed off from the market today as they await the testimony before Congress of Federal Reserve officials, including Chairman Ben Bernanke, this Wednesday, May 22. CNNMoney reports the Dow Jones Industrial Average slid -0.12 percent, -19.12 points, to close the day at 15,335.28. The Nasdaq lost -0.07 percent, -2.54 …
Quiet Market Day; Tracked Housing Stocks Move Little Read More
As the postandcourier informs MHProNews, modular homes have been slow to catch on in the Charleston, South Carolina area, although there are pockets in the city that have them, most notably north Charleston-based, Hunley Waters, which is all modular homes. Supplied by Nationwide Homes in Martinsville, Vir., the dwellings are …
The tri-cityherald informs MHProNews the Clover Leaf land lease community in Kennewick, Wash. was sold in February, 2013 to BW Land which is developing the 22 acres into a waterfront of shops, condos, and hotels. BW sent out eviction notices to residents, giving them 30 days to move, but retracted …
Lanka Business Today reports the demand in Sri Lanka for shipping containers converted into modular homes has begun a trend causing one modular home builder to double production in order to meet demand. Dharshana Fernando, Managing Director of Hybrid Homes (pvt) Limited, says, “We have received considerable amount of orders …
The postandcourier reports from Ladson, South Carolina, Equity Homes salesman Allen Croft recalls in 1997 the company sold 986 new homes, but changed its business model as sales declined and now sells only refurbished homes. Although the majority of the firm’s homes come from auctions, 37 percent are from individual …
According to what 4-traders tells MHProNews, Sun Communities, Inc. has secured a $350 million revolving line of credit with the option for an additional $250 million. The secured loan has a four-year term but can be extended for an additional year. Interest on the loan is floating, and can range …
The rise in consumer sentiment led to a fourth week of gains in the stock market, as the Dow and S&P set new records. CNNMoney reports the Dow Jones Industrial Average gained +0.80 percent, +121.28 points, to close the week at 15,354.50. The Nasdaq advanced +0.97 percent, +33.73 points, to …
Stocks Continue to Advance; Tracked Housing Stocks all Rise Save one Read More
