According to dl-online in west central Minnesota, Homark Homes of New York Mills, MN is building two modular bunkhouses for a gold mine in Musselwhite, Ontario, Canada. Each building will measure 28 feet by 282 feet and will house 76 mining workers in two-man units. While their focus remains on …
Despite rather good news in the U.S. last week about job growth and falling unemployment rates, the World Bank predicted a slowdown in growth in Asia, encouraging investors to stay against the wall, as all three indexes slid slightly. CNNMoney reports the Dow Jones Industrial Average fell -0.19 percent, -26.5 …
The Sydney Morning Herald in Australia tells MHProNews a building system called Klik can manufacture everything from single houses to high rise apartment buildings. Using either square, linear, L-shape or C-shape bases that support up to 14 different single and three-bedroom apartments, four Melbourne apartment buildings have been constructed recently …
The Wall Street Journal reports billionaire investor Sam Zell is expected to choose Thomas Heneghan, now CEO of Equity LifeStyle Properties, Inc. (ELS), to replace Gary Garrabrandt as head of Equity International, Zell’s global real estate investment arm. Investors in Equity International (EI) must approve Zell’s choice, but could also …
Augusta, Georgia’s WBJF-TV tells MHProNews Augusta businessman Donnie Thompson and a New York City developer are proposing dozens of modular homes on a six acre tract that Thompson recently bought from the city for $300,000. Mayor Deke Copenhaver says, “We need to bring more residents into downtown Augusta. Our loft …
Investors tells MHProNews the stocks of Patrick Industries (PATK) and Drew Industries (DW) surged this past week. Drew advanced seven percent, and Patrick, which jumped 20 percent at the beginning of the week, settled at plus 13 percent. Both companies are major component suppliers to the manufactured housing and RV …
In past years, start-up companies have generated three million new jobs annually, but that number has fallen below 2.5 million since the beginning of the recession. According to CNNMoney, Economist Tim Kane of the Hudson Institute states in the 1980’s and 1990’s 11 jobs were created by start-ups per every …
While the jobs report was slightly better than expected, and the unemployment rate fell, it was not enough to ease the minds of investors concerned about the sluggishness of the overall economy. CNNMoney reports the Dow Jones Industrial Average advanced +0.26 percent, +34.79 points, to close at 13,610.15, while the …
Friday’s jobs reports from the U.S. Bureau of Labor Statistics shows mortgage lenders have added a total of 18,400 employees since January, 2,800 (full-time) of them in August 2012, bringing the overall total to 280,500 jobs in the mortgage banking and brokerage sector. According to nationalmortgagenews, this marks the sixth …
Canada’s Killam Properties, Inc. (TSX:KMP) announces it will release it’s third quarter 2012 financials for the period ending Sept. 30 on Tue. Nov. 6 after the market closes. Canada Newswire says a conference call to discuss the results will follow on Wed., Nov 7, 2012 at 11:00 AM EST. The …
The National Association of Home Builders tells MHProNews the NAHB/First American Improving Markets Index (IMI) indicating positive movement in the housing industry rose four notches from last month to include 103 metropolitan markets. Measuring housing permits, employment and house prices for at least six consecutive months, the Oct. reading marks …
The MinotDailyNews reports from Minot, North Dakota manufactured homes are being welcomed in many older neighborhoods following the Souris River flooding in June of 2011 that took out some 4,100 homes. Many of the houses lost were older, smaller homes that can be replaced quickly and affordably with manufactured houses. …
Following European Central Bank president Mario Draghi’s announcement once again that the bank was committed to buying bonds to bolster the European economy, bank stocks led markets higher, as all three indexes rose. CNNMoney reports the Dow Jones Industrial Average advanced +0.60 percent, +80.75 points, to close at 13,575.36, while …
Forty-one new manufactured homes have been installed in Mecca, California in the Mountain View Estates community to replace aging factory-built homes that were damaged/destroyed in a 5.5 inch downpour Sept. 11, 2012, according to what mydesert tells MHProNews. The rains ripped apart some of the Duroville MHC homes in Mecca, …
WishawPress reports from northern Scotland in Great Britain, the Motherwell police station has officially opened 12 modular cells to help with the management of prisoners. Strathclyde Chief Constable Stephen House, newly-appointed head of the Police Service of Scotland, says “Modular cell buildings are a new approach to prisoner and staff …
Mortgage applications, growth in the U.S. service sector and private sector payrolls helped to boost the stock market today, but concerns about growth in Europe and Asia trumped the positive, leading to modest gains for the three major indexes. CNNMoney reports the Dow Jones Industrial Average advanced +0.09 percent, +12.25 …
Deer Valley, Cavco, Patrick and Drew Register Nice Gains Read More
PRNewswire tells MHProNews Green Courte Partners, LLC announces the appointment of Thru A. Shivakumar as Vice President, Acquisitions. While Ms. Shivakumar’s background is with parking facilities, and her focus will remain in that sector, her experience includes asset and portfolio management. Chicago-based Green Courte is a private-equity real estate investment …
WALB-TV reports White Plains, NY-based Drew Industries, Inc. (NYSE:DW) will ring the closing bell at the New York Stock Exchange on Fri., Oct. 5 in honor of Drew’s 50th anniversary as a publicly traded company. Drew’s initial public offering in 1962 denotes its involvement in real estate financing, management and …
The Manufactured Housing Association for Regulatory Reform tells MHProNews the U.S. Department of Housing and Urban Affairs (HUD) has released figures indicating August becomes the thirteenth consecutive month of growth for the production of manufactured homes. Statistics indicate HUD Code manufacturers produced 5,580 homes in Aug., an increase of 7.5 …
Encouraged by a variety of signs, fourteen economists surveyed by CNNMoney believe the housing market has finally turned the corner on its way back to health. Only three months ago half of those surveyed did not believe the turnaround would come until next year, or later. The economists cite three …
