Sherman Price and his brother, the late Leon Price, Sr., were honored for outstanding service and dedication to the state’s factory built housing industry, and inducted into the Arkansas Manufactured Housing Association (AMHA)’s “Hall of Fame.”Sherman Price was surprised by the recognition, the association’s highest honor, given at the AMHA …
Investors pushed the Dow Jones higher at the beginning of the day after the good jobs report from the federal government, but dropped as the anticipation and uncertainty of next week’s election came into view. CNNMoney reports the Dow Jones Industrial Average lost -.01 percent of the gain from yesterday, …
Cavco, Patrick, Skyline, Deer Valley lose 4% or more Read More
Based in Santa Monica, Calif., Living Homes has introduced three low-cost modular homes ranging in size from 1,300 to 2,200 square feet, priced from $200,000 to $320,000. JetsonGreen informs MHProNews Cavco Industries, Inc. is building the homes with strict environmental concerns that follow a LEED Platinum level program—-cork floor, energy-efficient …
MHProNews has learned from Investors D.R. Horton, Inc. (NYSE:DHI), has received lending commitments from five additional banks that will provide an unsecured line of revolving credit of $600 million, which could be extended to one billion given certain conditions and the availability of additional funds. Horton is the nation’s largest …
In its report of fiscal 2013 second quarter financial results, Phoenix-based Cavco Industries , Inc. (Nasdaq: CVCO), reports net sales fell 15.3 percent, to $110,084,000 from the comparable period of 2012 when sales hit $130,008,000. GlobeNewsWire says net income for Q2 2013 dropped to $2,681,000 from $3,172,000 for the same …
RVBusiness reports with 21 manufactured home communities and 35 recreational vehicle resorts along Hurricane Sandy’s path, Equity LifeStyle Properties Inc. (ELS) experienced minimal damage, and no one among staff or residents was known to have been injured. Preliminary reports indicate property damage amounting to under $500,000 was sustained, mostly for …
MetroWestDailyNews informs MHProNews the Sudbury (Mass.) Housing Authority will celebrate the culmination of a project that began 21 years ago, as the last of five modular duplexes will be dedicated Tue., Nov. 1. Designed by KBS Building Systems of Maine, the units will provide affordable housing to ten families who …
Tracking the residential mortgage applications through a composite index and covering some 75 percent of all residential applications, the Mortgage Bankers Association (MBA) says new mortgage apps fell five percent for the week ending Oct. 26 on the heels of falling 12 percent and four percent the two previous weeks, …
The stock exchange was running on gas-powered generators after a two day trading halt due to the wrath of Hurricane Sandy. However, not only is there a lull due to the coming presidential election, but many investors do not have power and transportation is limited in the Wall St. area, …
Nobility, Housing Composite, UFPI Gain as Many Stocks move Little Read More
Standard & Poor’s Case/Shiller Index reports in HousingWire U.S. home prices nudged up 0.9 percent in August over July in 19 of the 20 metro areas surveyed. Overall, the ten-city composite index saw an annual price increase of 1.3 percent, while the 20-city composite climbed two percent over last year. …
FinanzNachrichten reports Drew Industries, Inc. (NYSE:DW) has rescheduled its third quarter, 2012 earnings report due to the severity of Hurricane Sandy’s effect on the eastern seaboard. The component maker for the MH and RV industries through its wholly-owned subsidiaries Lippert Components, Inc., and Kinro, Inc., will deliver Q3 financials before …
According to data from the Warren Group, NationalMortgageNews reports the sale of single-family homes increased eight percent in Sept. over Sept 2011 in Massachusetts, equaling 3,791 homes last month. Although median prices slipped to $277,000 for the state, 13,861 properties were sold during the third quarter, 2,000 more than the …
The New York Stock Exchange remained closed for a second straight day due to the flood waters of Hurricane Sandy, but will open Wed., Oct 31. Manufactured housing professionals in the storm path may want to consider the tips shared previously by MH loss mitigation expert, Kurt Kelly, at this …
BillingsGazette tells MHProNews Bainville, Mont. in the northeastern part of the state has a population of 300 and town budget of $250,000. ProCore Logistics LLC of Calgary, Alberta, Canada is investing $30 million locally in support of the Bakken oil boom (centered 28 miles away in Williston, North Dakota) for …
From Elkhart, Ind. SacBee reports MH and RV component maker Patrick Industries, Inc. has acquired the business and certain assets of cabinet door maker Middlebury Hardwood Products, also of Ind., for $20.3 million. As one of seven acquisitions since June, 2011 and the fourth this year, Middlebury is expecting net …
In recent commercials on TV, Henry Winkler is promoting reverse mortgages, telling people they can continue to live in their homes without worry. Reverse mortgages permit homeowners 62 and older to borrow against the equity in their homes, and not repay the loan until they move or die. Homeowners still …
GlobeNewsWire tells MHProNews Cavco Industries, Inc. (Nasdaq:CVCO) will release its earnings report for the second quarter of fiscal 2013 Thurs., Nov. 1, 2012 after the close of the market. A live webcast conducted by senior management officials to discuss the results will follow the next day, Fri., Nov 2, at …
Due to the approach of hurricane Sandy, the New York Stock Exchange (NYSE) will be closed today, Monday Oct 29, 2012 for the first time in 27 years for a weather related reason. A multi-state area along the Atlantic seaboard is expected to be impacted. Manufactured housing professionals in the …
According to Chip Case, professor emeritus of economics at Wellesley College and senior fellow at Harvard’s Joint Center for Housing Studies, the mortgage interest deduction will be on the table after the election as well as other tax reform issues. As WindowFilmMag informs MHProNews, after 44 months housing starts finally …
RTTNews reports Freehold, New Jersey-based UMH Properties, Inc. has priced a registered offering of 1.25 million shares of its 8.25% Series A Cumulative Redeemable Preferred Stock at a price of $25.50 per share, which will total 3.66 million shares of Preferred A stock outstanding. The offering is anticipated to raise …
