The RentonReporter tells MHProNews the Renton Housing Authority recently received $2.1 million towards the construction of 18 modular town homes in this city just south of Seattle, Wash. The new Kirkland Townhomes are part of a larger project, the 100-unit Sunset Terrace redevelopment, and include affordable housing, part of a …
SeekingAlpha, noting trends in the global economy, picks out five stocks it says will be lucrative in the long run, and one of them is Berkshire Hathaway (BRK-A, BRK-B). As the housing market continues to recover, columnist Frank J. Constantino says Berkshire does has a broad range of investments, but …
Although the Dow and the S&P moved up just enough at the close of the day to hit five-year highs ending the week, the Nasdaq finished in the red. Meanwhile, investors were busy digesting corporate financial reports. CNNMoney reports the Dow Jones Industrial Average moved up +0.39 percent, +53.68 points, …
MarketWatch reports that Calgary, Alberta Canada-based Black Diamond Group Limited has completed the acquisition of 90 percent of the modular rental business and 20 percent of the modular building manufacturing business of Australian Portable Buildings Pty. Ltd. MHProNews has learned Black Diamond is a remote lodging, modular building, and energy …
In a Meet the Media Morning at the Louisville Manufactured Home Show Thurs. Jan. 24, from 9-11 AM, the press has been invited to see the quality of factory-built homes for themselves to dispel the misconceptions about the industry and the product. Top-named officials in the industry, companies associations and …
DailyMarkets reports from Freehold, New Jersey UMH Properties, Inc. (UMH) board chairman Eugene W. Landy said the board of directors declared a quarterly cash dividend of $0.18 per share payable March 15, 2013 to shareholders of record as of Feb. 15, 2013. In addition, the board declared a quarterly dividend …
CNNMoney says the Census Bureau reports new home construction rose 12 percent Dec. 2012 over Nov. 2012 to a seasonally-adjusted annual rate (SAAR) of 954,000, well beyond the 889,000 expected by economists at Briefing.com, and almost 37 percent higher than Dec. 2011. While applications for building permits in Dec. changed …
Mark Bowersox of the Indiana Manufactured Housing Association (IMHA) reports Indiana witnessed a 6.6 percent decline in MH shipments Nov. 2012 over Nov. 2011, but for the year shipments have increased 21.1 percent. As MHProNews has learned, the state’s production of manufactured homes Jan. through Nov. 2012 rose to 4,386, …
News from the government about a sharp rise in new home construction led to a three percent plus rise in the stocks of home builders Pulte Group and Toll Brothers, and helped push the three indexes higher, leading the Dow close to a five-year high. CNNMoney reports the Dow Jones …
In a letter obtained by MHProNews addressed to members of the National Communities Council (NCC), Chairman David B. Lentz states members can overcome the challenges and embrace the opportunities presented to the manufactured housing industry, especially in light of the recovering economy. Noting the NCC is the only division of …
NCC’s Lentz: Attend Legislative Conference to Show Support Read More
From north of the border ca.finance.yahoo reports Halifax, Nova Scotia-based MHC owner Killam Properties, Inc. (TSX: KMP) will announce it’s financial results for the year ended 2012 on Tue., March 5 after the market closes. A live audio webcast and conference call will be held the following day, Wed. March …
NationalMortgageNews reports on a seasonally adjusted basis, purchase applications rose 13 percent over the week ending Jan. 4, but are up 47 percent on an unadjusted basis, their highest level since April 2011, according to the Mortgage Bankers Association (MBA). Noting home sales burgeoning in Calif. in Dec. because of …
Investors concerns about the debt ceiling and the global economy were reflected in U.S. stocks and the three major indexes which closed mixed today. CNNMoney reports the Dow Jones Industrial Average edged down -0.17 percent, -23.66 points, to end the day at 13,511.23. The Nasdaq gained +0.22 percent, +6.76 points, …
Most Tracked Housing Stocks Dip; Three Major Indexes Mixed Read More
According to phx.corporate, Southfield, Mich.-based Sun Communities, Inc. will release its quarter four 2012 earnings report prior to the opening of the market on Thursday, Feb. 21, 2013. A conference call to discuss operating results will be held that same day at 11:00 AM (EST). A replay will be available …
StreetInsider reports small-cap equity research provider Sidoti has upgraded Drew Industries (NYSE: DW) from neutral to buy with a price target of $47.00. With a 52-week range of 24.48 to 34.81, shares of Drew closed yesterday at 34.81. As MHProNews knows, Drew Industries supplies the manufactured housing and recreational vehicle …
The National Association of Home Builders (NAHB) reports the market for newly built, single-family homes remained at 47 on the Wells Fargo Housing Market Index (HMI) for Jan., following eight consecutive monthly gains. As MHProNews has learned, the HMI is at its highest point since April 2006, right before the …
According to Consumer Bankers Association CEO Richard Hunt, financial industry leaders and bankers are saying the Consumer Financial Protection Bureau’s (CFPB) bank examiners are inexperienced, inefficient and take up to nine months to score routine audits, which interferes with lending. As the olympian tells MHProNews, if lenders create a new …
DigitalJournal informs MHProNews Chicago-based Zeman Homes has acquired the former Touhy Mobile Home Park in Des Plaines, Ill. and renamed it Blackhawk Estates. With over 30 communities in Illinois, Indiana and Michigan, Zeman has added 496 homesites with this acquisition. Normally the company offers homes for rent and for sale, …
Investors continue to stand on the outskirts of the dance floor, awaiting corporate returns, as the Dow moved up one-fifth of one percent in today’s trading, while the Nasdaq and S&P split the difference. CNNMoney reports the Dow Jones Industrial Average nudged up +0.20 percent, +27.57 points, to end the …
All but Two Housing Stocks we Cover Gained or was Unchanged Read More
HousingZone reports Professional Builder magazine is collaborating with Palm Harbor Homes, IronTown Homes and Greenfab to build three energy efficient model homes for display at the International Builders Show in Las Vegas, Jan. 18-24, 2013. The Aurora is an all-electric home; the Admiral is a Craftsman-style home that has a …
