enewschannels reports NeoPod Systems, LLC of Sunrise, Florida has teamed with Second Street Capital, Inc. to provide builders with modular kitchens and bathrooms that can be readily integrated into the construction process of multi-family, military, medical clinic, and dormitory-type projects. The modular units include framing, fixtures, painting, and connections as …
As follow-up to a story we published this Monday, Aug. 6 about YES! Communities purchase of 42 MHCs comprised of 10,500 home sites from American Residential Communities (ARC), also of Denver, the NewsObserver reports from North Carolina ten of the communities and 2,500 of the home sites are in Greensboro …
YES! Says “Yes” to Better Service for Community Residents Read More
IndyStar states Drew Industries’ subsidiaries, Lippert Components, Inc. and Kinro Manufacturing, Inc., will add 260 new jobs by 2015 as the result of a $3.65 million expansion. Lippert and Kinro already employ 4,000 full-time employees at their respective plants in northern Indiana, and will begin hiring the new workers this …
OriginationNews says in the first quarter 2012 seven Florida housing markets were on Realtor.com‘s housing recovery list, but only one market in California was included. In the second quarter, six CA markets placed on the top ten list. In addition, Seattle, Phoenix, Boise City and Minneapolis were among the top …
CNNMoney reports there was not much movement in U.S. stocks as investors stepped back for a breather with the three major indexes at the highest levels since May. The Dow Jones Industrial Average gained a mere +7.04 points, +0.05 percent, to close at 13,175.64. The Nasdaq lost -4.61 points to …
Nobility Falls, Skyline Rises, Indexes Move Slightly Read More
NJ.com says the city of Bridgeton, New Jersey will be the site of the state’s first and only green modular home manufacturing plant. Located in the southwestern part of the state and known for its industrial base, Renewable Jersey, LLC will utilize three of the four warehouses, originally used by …
Thirty-three percent of mortgages refinanced through Fannie Mae and Freddie Mac were closed through the Home Affordable Refinance Program (HARP), the most since the program began in March 2009. For the first six months of this year, Fannie Mae and Freddie Mac processed 422,969 loans through HARP, more than the …
Investors counting on global central banks to support the market sent the three indexes to their highest mark since early May, according to CNNMoney. The Dow Jones Industrial Average was up +0.39 percent, +50.71 points, to 13,168.22, while the Nasdaq gained +0.87 percent to 3,015.86, while the S&P moved up …
Nobility Rises, Skyline Falls, as the Three Indexes Gain Read More
The WataugaDemocrat says residents of Clawson Mobile Home Park in Boone, North Carolina were notified April 3 they have six months to move because the owners are selling the property to developers who intend to build a multi-building student apartment complex on the 20 acres. The community owners and developer …
BloombergBusinessWeek says Midland and Odessa, Texas sit on top of the Permian Basin, a rich store of petroleum which last year produced 280 million barrels of oil, about 14% of the U.S. output. Compared to the 100 active drilling rigs in 2009 there are 500 this year. As MHProNews has …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports statistics compiled by the U.S. Department of Housing and Urban Development (HUD) for June 2012 indicate HUD Code homes production rose one percent over June 2011 to 5,075 homes, marking eleven consecutive months of increased production. Production of manufactured homes for …
Joe Kelly of the Iowa Manufactured Housing Association tells MHProNews Denver-based YES! Communities and real estate investment firm Stockbridge Capital Group of San Francisco have purchased a portfolio of 42 manufactured housing communities from American Residential Communities (ARC), also of Denver. The 10,500 home sites, located in Iowa, Illinois, Nebraska, …
CNNMoney reports Investors, buoyed by the upbeat jobs report and lower costs of borrowing in Spain and Italy, nudged the Dow Jones Industrial Average up 21.34 points, +0.16 percent, to end the day at 13,117.51. The Nasdaq moved up +0.74 percent to close at 2,989.91, while the S&P gained +0.23 …
The National Association of Home Builders (NAHB) reports a total of 80 housing markets in their First American Improving Markets Index (IMI) monthly survey for August. Identifying areas based on housing permits, employment statistics, and house prices for six consecutive months, the index noted 75 markets that have remained on …
MarketWatch tells MHProNews Clayton Homes second quarter 2012’s pretax earnings increased 45% due to increased sales. In a regulatory filing, Berkshire Hathaway reported homes sales increased $40 million, or 11%, in the second quarter. For the first six months of 2012, home sales jumped 16% to $103 million. The filing …
AnchorageDailyNews tells MHProNews although many of Warren Buffett’s Berkshire Hathaway subsidiaries did well in Q2 2012, including its housing-related businesses, its overall second quarter profit dropped nine percent. Berkshire earned net income of $3.1 billion, $1.25 a Class B share, a drop from last year’s second quarter income of $3.4 …
A companion measure to the bipartisan H.R. 3849, the Preserving Access to Manufactured Housing Act, introduced in the House of Representatives Feb. 2012 by Reps. Stephen Fincher (R-TN), Joe Donnelly (D-IN), and Gary Miller (R-CA), all members of the House Financial Services Committee, has been introduced in the Senate by …
PRNewsWire reports Freehold, New Jersey-based UMH Properties, Inc. announced it closed on the acquisition of eleven manufactured home communities comprised of 968 home sites situated on 200 acres for $28,250,000. With a 92% occupancy rate, ten of the communities are in Pennsylvania, and one is in New York. The publicly-owned …
Investors roared their approval at the announcement of 163,000 new jobs created in July, just under 100,000 more than in June, sending the Down Jones Industrial Average soaring as it gained 217.29 points, +1.69 percent, ending the week at 13,096.17, according to CNNMoney. Likewise the Nasdaq advanced a full 2.00 …
Halifax, Nova Scotia-based Killam Properties, Inc. announces it will release its second quarter 2012 financial results Wed. Aug. 8, 2012 after the market closes. The following day, Thurs. Aug 9, Killam will conduct a conference call at 12:00 noon eastern time to discuss the results. MHProNews has learned Killam is …
