Stocks end the month on a down note pulled by weak domestic economic news and Spain’s declaration it’s in a recession. CNNMoney tells MHProNews the Dow Jones Industrial Average edged down -0.11 percent, -14.68 points, to end the day at 13,213.63 The Nasdaq lost even more, -0.74 percent, to close …
Following a story we posted April 25, Indiana’s Gov. Mitch Daniels met with RV industry leaders in Elkhart, Indiana to commend them on their industry turn around and discuss the future of the industry. He says 83 percent of all RVs are made in Indiana, an increase from the 60th …
Two Illinois men have been charged with defrauding investors out of $800,000 in a modular home building scam, the DailyHerald tells MHProNews.com. Richard Osty of Waukegan and Ronald Moore of Wheaton allegedly told investors $1,500 (sometimes more) would get them a loan for a green modular home, a one dollar …
MarketWatch reports net sales for T.J.T., Inc. fell 24 percent for the second quarter ending March 31, 2012, resulting in a net loss of $286,000 for the quarter compared to a net loss of $296,000 for the same quarter a year ago. Net loss for the six months ending March …
All three indexes ended the last full week of the month on a positive note as the Dow Jones Industrial Average gained 23.62 points, + 0.18 percent, to end the day at 13,228.24, according to CNNMoney. The Nasdaq gained even more, +0.61 percent, to close at 3069.20, while the S&P …
Benzinga tells MHProNews.com the Pending Home Sales Index rose to 101.4 in March, up 4.1 percent from the 97.4 figure in Feb. 2012. Based on signed real estate contracts for all types of housing, the Index is 12.8 percent above March 2011 when it was 89.9, according to the National …
As the energy and mining industries continue to expand in Canada, creating instant cities that last for 20-25 years and then disband, companies need to quickly get the project up and running while controlling costs, and government wants the economic impact/revenue without environmental upheaval. Instead of the old metal shelters, …
Modular Communities Spring Up to Accommodate Energy Workers Read More
All three indexes gained in today’s trading as hopes for more stimulus from the Federal Reserve took center stage over job market worries and mixed corporate earnings, sending the Dow Jones Industrial Average up 113.9 points, +0.87 percent, to end the day at 13,204.62. CNNMoney says the Nasdaq gained +0.69 …
MHProNews.com has learned from Reuters MH and RV community operator Sun Communities, Inc. reports net income for Quarter 1 2012 over Q1 2011 increased from $2.4 million to $5.4 million. Funds from Operations (FFO) rose from $18.8 million in the first quarter of 2011 to $25.7 million for the quarter …
Patrick Industries, Inc. of Elkhart, Indiana reports net sales for the first quarter of 2012 rose 47.8 percent over Q1 2011, to $102.7 million, reflecting a 36 percent increase from MH revenue and 57 percent rise from RV revenue. The company reports net income for Q1 2012 of five million, …
The National Association of Home Builders (NAHB) tells MHProNews.com sales of newly built, single-family homes dropped to a seasonally-adjusted annual rate (SAAR) of 328,000 units in March, a 7.1 percent decline from the 353,000 homes in February. NAHB Chief Economist David Crowe says, “The March decline is from a stronger-than-expected …
MarketWatch reports the value of U.S. homes rose 0.5 percent Feb. to March 2012, marking the largest increase since 2006 when home values also rose 0.5 percent, according to the Zillow Home Value Index (ZHVI). However, the Zillow Home Value Forecast predicts home values will fall nationally 0.4 percent during …
CNNMoney reports a combination of strong corporate earnings from major players like Apple and Boeing, and Federal Reserve Chief Ben Bernanke’s words that the Fed is “entirely prepared to take additional balance sheet actions…should economy require additional support,” gave a strong boost to U.S. stocks. The Dow Jones Industrial Average …
Citizens Property Insurance Corp., created by the state to insure manufactured home owners not eligible for private insurance, is coming under fire from the homeowners for raising premiums while cutting coverage. FloridaToday tells MHProNews.com Citizens insures 4,500 of the 4,900 homesites in Barefoot Bay and is now the largest property …
SeniorHousingNews states Equity Lifestyle Properties, Inc. (ELS) reports a drop in net income available for common shares for Q1 2012 of 34 percent, from $19 million Q1 2011 to $12.4 million this past quarter. Revenues increased for the first quarter of 2012 to 181.3 million compared to $135.1 million for …
Corporate earnings reports gave the Dow Jones Industrial Average a little bit of steam, as it gained +0.58 percent, +74.39 points, to close just over the 13,000 mark at 13,001.56. CNNMoney says the Nasdaq fell -0.30 percent to end the day at 2,961.60, while the S & P moved up …
PRWeb reports to MHProNews.com from North Dakota modular general contractor M Space is sponsoring the Bakken Housing Summit May 16-17, 2012 in Williston, ND. Bringing together lenders, developers, government representatives, and investors, the goal is to build 5,000 homes in two years to meet the demand for housing is this …
SunHerald tells MHProNews.com a New Orleans firm has developed a structural steel-insulated paneled dwelling to house survivors of catastrophes. Designed with 22 solar panels so it can generate its own electricity, and with a water cachement system that can hold 6,000 gallons, the modular home can function independently of disaster-damaged …
A slowdown in the Chinese manufacturing sector and news French President Sarkozy placed second in the first round of voting behind an opponent who does not favor European Union austerity measures kept investors along the wall as the Dow Jones Industrial Average dropped 102.97 points, -0.78 percent, to close at …
European, Asian News Douses Dow; MH Stocks Follow Down Read More
According to a General Electric (GE) Capital Survey of 495 Chief Financial Officers (CFOs) at firms with annual sales volume of $50 million to one billion, 67 percent are predicting revenue growth and 74 percent anticipate hiring workers this year. BloombergNews tells MHProNews.com 94 percent of the CFOs predict the …
Two-thirds of CFOs say Revenue Will Increase this Year. Read More
