A modular home builder with operations in Aberdeen, South Dakota is hoping to open a facility in Fort Yates, North Dakota to provide housing for the Bakken Oil Field boom. As bismacktribune tells MHPronews, the ATechBuilder Corp. expects to hire 45 full time employees to build the 1,100 to 2,500 …
In a special report to MHProNews from the BrenhamBanner in Brenham, Texas, the city council reversed an earlier vote and decided to grant a request for a 106-site manufactured home subdivision. The original request from Adolph Wehmeyer for a road frontage variance was denied—city codes call for 200-400 feet frontage …
Council Votes a Variance for New Manufactured Home Community Read More
MHProNews has learned while many indicators continue to show improvement in the housing market, sales of existing homes nudged down 0.6 percent in March from Feb. to an annualized rate of 492,000, but rose 10.3 percent from last Feb. CNNMoney reports average time homes were on the market fell from …
BizJournals informs MHProNews Yogi Bear’s Jellystone Park in New York’s Wyoming County has been acquired by Sun Communities, Inc. of Southfield, Mich. The 100-acre family camping resort, which includes cabins, tent and RV sites, has been owned and operated by Sue and Scott Crumpton since 2004, and has a variety …
Despite a disappointing housing industry sales report and mixed news from several Fortune 500 companies, the three indexes managed modest gains to begin the week. CNNMoney reports the Dow Jones Industrial Average managed to add +0.14 percent, +19.66 points, to end the day at 14,567.17. The Nasdaq moved up +0.86 …
Three Major Indexes Nudge up Despite Poor Housing News Read More
Zanebenefits informs MHProNews that the 53 employees of modular builder Cardinal Homes of Wylliesburg, Vir. are getting a tax deductible health care plan that saves 76 percent on health care benefits. The Defined Contribution ZaneHRA plan gives employees a choice for their medical care while continuing to give corporate control …
StreetInsider reports Universal Forest Products, Inc. has declared a semi-annual dividend of $0.20 a share, $0.4 annualized. Payable on June 15 , 2013 to shareholders of record as of June 1, 2013, the annual yield is 1.1 percent. As MHProNews reported April 18, net earnings for UFPI were up 25.7 …
Although the stock market suffered its worst week of the year with all three indexes having lost over two percent, they did manage to end the day on a positive note, as the Nasdaq gained over one percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.07 percent, +10.37 …
Cavco, Skyline Gain; Major Indexes Down on the Week Read More
According to ADVFN, Drew Industries, Inc. (NYSE:DW) will release its 2013 first quarter earnings report Fri. May 3, 2013 before the market opens, followed by a conference call at 11 AM EST that morning to discuss the results. While participation in the question and answer segment of the webcast will …
CNNMoney tells MHProNews some industry experts forecast the housing recovery may not last. While home prices have risen eight percent, investors are driving the surge, taking advantage of low interest rates and depressed home prices. When rates and home prices rise, the recovery may stall, especially as investors receive a …
Stocks slid for a second consecutive day on tepid news from the technology and financial sectors, which some are terming an “overdue sell-off,” as all three major indexes nudged downward. CNNMoney reports the Dow Jones Industrial Average fell -0.56 percent, -81.45 points, to end the day at 14,537.14. The Nasdaq …
UFPI Registers Significant Gain; Three Major Indexes Fall Read More
According to nationalmortgagenews, bankers were relieved when the Consumer Financial Protection Bureau (CFPB) released its qualified mortgage rule (QM) in January, which gives the lender protection if a borrower defaults. But now some bank executives are hesitant to make loans outside the QM rule, and worry they could be rapped …
According to BusinessWire, Universal Forest Products, Inc. (UFPI), in noting the best first quarter profits since 2006, reports net sales of $554.5 million for the first quarter of 2013, up 21.3 percent over the same period 2012. Net earnings of $5.2 million for Q1 represent an increase of 25.7 percent …
UFPI reports best 1st Quarter Profits in Seven Years Read More
A series of poor corporate earnings led to a broad sell-off by investors, as the Dow fell by over 100 points and the other two major indexes dropped as well. CNNMoney reports the Dow Jones Industrial Average fell -138.19 points -0.94 percent, to end the day at 14,618.59. The Nasdaq …
Stock Sell-Off Drops Most Tracked Housing Stocks, Three Major Indexes Read More
MarketWatch informs MHProNews manufactured and modular home builder Deer Valley Corp.’s wholly-owned subsidiary, Deer Valley Financial, Inc., (DVF) has entered an agreement to provide CIS Home Loans with a $2.5 million line of credit to increase its portfolio of retail mortgages for buyers of manufactured and modular homes. This will …
Loans more Available for Factory-built Home Buyers Read More
As MHProNews has learned from CNNMoney, the seasonally-adjusted annual rate (SAAR) of housing starts topped one million in March for the first time since June 2008, 1.4 million, seven percent better than Feb. 2013 and a 47 percent improvement since last March, primarily attributable to the growth in multifamily construction …
The stock market rebounded from the explosions at the Boston Marathon and the downturn in the Chinese economy that set the stage for the worst one-day sell-off this year, as each of the three indexes gained over one percent, in part on positive news from the housing industry. CNNMoney reports …
MHProNews has learned from the National Association of Home Builders (NAHB) figures released by HUD and the Census Bureau indicate total housing starts—single-family and multifamily– rose by seven percent in March, propelled by a 31.1 percent increase in new multifamily construction. As we have reported several times earlier, the rental …
MoneyMorning tells MHProNews residential construction is currently 2.44% of the gross domestic product (GDP), half of its historical norm, even with last year’s increases in new home construction. According to a Bloomberg survey of economists, housing starts are expected to increase by roughly 20% this year, and over the next …
Economists Expect Home Construction to Rise nearly 20% Read More
As MHProNews reported Nov. 13, 2012, CEO Philip Fraser of Killam Properties, Inc., calling Ottawa (the Canadian capital) “one of the strongest cities for long-term investment in Ontario,” announced the company purchase of a 25% share with a Kuwaiti company for a 146-unit apartment development. Also in Ottawa, Killam acquired …
