Etruth reports from Elkhart, Ind. RV and MH component producer Patrick Industries, Inc. announces fourth quarter 2012 net sales of $106.1 producing net income of $3.2 million, versus 2011 Q4 sales of $78.3 million with $1.5 million net income. For 2012 net sales increased $129.6 million over 2011 to $437.4 …
The Recorder reports from Greenfield, Mass. an area builder has begun producing DIY modular eco-kits for people who want to build their own energy-efficient homes. Each Noble Home is custom designed to the owners specifications, and the kits include thick plastic foam core wall and ceiling panels, exposed beam truss …
The National Association of Home Builders (NAHB) tells MHProNews while the number of permits issued for new housing starts rose 1.8 percent in Jan. to a seasonally-adjusted annual rate (SAAR) of 925,000—the best rate since the middle of 2008—the number of overall actual housing starts nationwide dropped 8.5 percent to …
Single-family Starts Steady; Multi-family Starts Drop Read More
With all three major indexes up six to eight percent for the year, investors took a step back, digesting mixed housing market news, as all three indexes fell. CNNMoney reports the Dow Jones Industrial Average moved down -0.77 percent, -108.13 points, to end the day at 13,927.54. The Nasdaq dropped …
Mfg. Housing Composite, Patrick, Drew, and LPX all Drop Read More
DailyMarkets says Drew Industries, Inc. (NYSE:DW) reports net sales for the fourth quarter ending Dec. 31, 2012 totaled $200 million, 25 percent higher than Q4 2011. Net income for the period grew 39 percent over last year’s comparable period, from $4.1 million to $5.7 million, although an executive succession after-tax …
KWCH-TV 12 reports from Anthony, Kan., housing is in such short supply due to the demand for housing from oil field workers tapping into the Mississippi Limestone formation, the Anthony City Commissioners have approved a special use permit to allow six modular units to be sited in the southeast corner …
The possible merger of Office Max and Office Depot gave investors something to smile about as the Dow and S&P rose to new five-year highs. CNNMoney reports the Dow Jones Industrial Average moved up +0.39 percent, +53.91 points, to end the day at 14,035.67. The Nasdaq gained +0.68 percent, +21.57 …
Housing Composite Spikes, all Three Major Indexes Rise Read More
Federal Housing Administration (FHA) Commissioner Carol Galante, telling the House Financial Services Committee her agency will not likely need Treasury assistance this year, says the FHA has raised its insurance premiums five times since 2009, is raising them again April 1, and is issuing new regulations to reduce losses. The …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for single-family newly-built homes dropped one point to 46 this month as builder confidence leveled off. A score of 50 or better indicates builders see the market as good versus poor, as MHProNews understands. Having been conducted for …
NewswireCa tells MHProNews Halifax, Nova Scotia-based Killam Properties, Inc. (TSX:KMP) announces the board of directors has declared a monthly dividend of $0.04833 per share that will be paid to shareholders of record Feb. 28, 2013 on March 15, 2013. This is the same monthly dividend amount that was paid Nov. …
All U.S. stock markets will be closed today, Mon., Feb. 18 in honor of Presidents Day. Markets will re-open tomorrow, Tue., Feb. 19 at 9 AM. (Photo credit: Wikipedia)
KeysNews reports Carefree RV Resorts, with 61 communities across the nation, is transforming the Sunset Harbor Trailer Park in Key West into Sunset Harbor Community, which will become a no age restriction manufactured housing community with 77 new HUD Code pastel homes. The price of the Jacobsen Homes, built to …
PRWeb informs MHProNews M SPACE has begun leasing studio, one and two bedroom modular homes in the Bakken oil field area in western North Dakota. The 114 Ponderosa and 46 Ridgeview furnished homes began welcoming new residents in January in this oil boom town where some people earning $100,000 annually …
Although consumer sentiment from the University of Michigan’s survey came in higher than expected, and 65 percent of the companies in the S&P 500 beat analysts’ corporate earnings expectations, investors shied away from stocks today. CNNMoney reports the Dow Jones Industrial Average edged up +0.06 percent, +8.37 points, to end …
News that a third consecutive quarter of declining growth in the Eurozone at the end of 2012 trumped the U.S. news that first-time unemployment filings fell, along with the two big mergers, leaving the three major indexes to move little. CNNMoney reports the Dow Jones Industrial Average slipped -0.07 percent, …
Negative Growth report from the Eurozone Bums U.S. Stocks Read More
As PRWeb informs MHProNews, according to market research firm Global Industry Analysts, Inc. (GIA), shipments of prefabricated homes are expected to reach 112,000 units by 2018 in the U.S. as the resurgence in housing and construction activity increases. The study covers manufactured, modular, panelized, and precut housing, but the manufactured …
MHProNews has learned from BusinessWire, Universal Forest Products, Inc. (UFPI), component supplier to the manufactured housing industry, posted net sales for 2012 of $2.1 billion, 12.8 percent better than 2011. Net income for 2012 of $23.9 million more than quintupled the $4.5 million net in 2011. While net sales for …
In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society …
Sam Zell on the Housing Market: It’s Going to be a While Read More
MHProNews has learned from RVBusiness that Sun Communities, Inc. has purchased ten recreational vehicle communities in seven states from Wis. to Maine for $111.47 million. Of the 3,700 sites, approximately 40 percent have RVs under annual rental contracts. Southfield, Mich.-based Sun—a real estate investment trust (REIT)–also acquired cottages and homes …
While investors focused on better-than-expected corporate returns, retail sales for January came in lower than expected, and some analysts do not think the market can go much higher without a break. CNNMoney reports the Dow Jones Industrial Average nudged down -0.26 percent, -35.79 points, to end the day at 13,982.91. …
Major Indexes, Housing Stocks we Cover Rather Sluggish Read More
