NationalMortgageNews tells MHProNews.com the American Bankers Association (ABA) reports delinquency rates fell across all the loan categories the ABA monitors in the fourth quarter of 2011, the first time that has happened since 2004. The ABA defines delinquency as being late 30 or more days. The report notes consumers made …
Business confidence rise in Germany and strong earnings from corporate America was enough to send the Dow Jones Industrial Average up one half a percentage point, +0.65, to end the week at 13,029.19. The Nasdaq lost -0.24 percent to close at 3000.45, while the S&P gained +0.12 percent, to 1378.53. …
HousingWire says average weekly mortgage rates barely changed from last week, the Freddie Mac survey showing the average 30-year fixed rate mortgage (FRM) moving little, from 3.88 percent to 3.9 percent this week. MHProNews.com has learned last year the 30-year FRM averaged 4.87 percent. The 15-year FRM also moved little …
To follow up on our report of United Forest Products, Inc. (UFPI)’s Q1 financials, TheStreetRatings has upgraded the company’s stock UFPI:Nasdaq) from hold to buy. Revenue, sales, net income (up 213.2% Q1 2012 compared to Q1 2011), and net operating cash flow have all increased in one year, and some …
From ReporterHerald in north central Colorado MHProNews.com learns the former site of modular home manufacturer Barvista Homes is the new home of PTI Group USA. Taking over a 103,000 square foot building, this producer of modular workforce accommodations for oil field workers is out of Edmonton, Alberta, Canada, but is …
Weak U.S. economic data including higher-than-expected unemployment claims and a 2.6 percent drop in existing home sales pushed the Dow Jones Industrial Average down -66.83 points, -0.51 percent, to end day at 12,965.92. As CNNMoney tells MHProNews.com, the Nasdaq lost even more, -0.79 percent to close at 3007.56, while the …
34 % MH Revenues Help UFPI Stock as Dow Nudges Down Read More
California’s MyMotherLode informs MHProNews.com an Angels Camp, CA company helped replace a hospital that was destroyed during the May 22, 2011 F5 tornado that hit Joplin, Missouri, killing 161 people. Aspen Street Architects assisted in the design of the 150,000 square foot modular building composed of 224 structural steel components, …
Advfn tells MHProNews.com Universal Forest Products, Inc. (UFPI) reports its first quarter 2012 sales have increased 18 percent and its earning were up $7.8 million over Q1 2011. Its manufactured housing division posted gross sales of $63 million for the quarter, a 34 percent increase over same period 2011. UFPI …
The National Association of Home Builders (NAHB) reports overall housing starts declined in March 5.8 percent to a seasonally adjusted annual rate (SAAR) of 654,000 units, primarily due to a 16.9 decline in multifamily starts. Single-family housing starts dropped slightly 0.2 percent to a SAAR of 462,000 units, according to …
MHProNews.com has learned from 4-Traders Drew Industries. Inc. will release its first quarter 2012 financial results before the market opens Thursday, May 3, 2012. The company will host a conference call that same day at 11 AM to discuss the results. Through its wholly-owned subsidiaries Kinro and Lippert Components, Drew, …
As follow-up to a story we posted Jan. 2, 2012, Stardust Cruisers, the luxury houseboat company in southeastern Kentucky that transformed its production line to build modular homes, has completed its second energy-efficient modular home, utilizing the same material used in making houseboats. Kentucky Highlands Corporation, Kentucky Housing, and the …
Fear of the European debt crisis raised its ugly head again today as the Spanish government reported its banks have more problem loans than originally thought, setting the Dow Jones Industrial Average back modestly from yesterday’s big gain. CNNMoney reports the Dow lost 82.64 points, -0.63 percent, to close 13,032.90. …
GlobeSt reports from Chevy Chase, Maryland multifamily real estate investment firm Federal Capital Partners (FCP) has invested $29.5 million in a 1,358 manufactured home site portfolio with communities in Pennsylvania, North Carolina, and Maryland. MHProNews.com has learned FCP is teaming with current portfolio owner Horizon Land Co. FCP Managing Partner …
RTTNews reports UMH Properties, Inc., is adding eleven MHCs in Pennsylvania and New York to its portfolio at a cost of $28.25 million. The all-age communities comprise 966 home sites and have an average occupancy of 92 percent. MHProNews.com has learned the acquisition is scheduled to be finalized by the …
CNNMoney tells MHProNews.com fear of the European debt crisis took a back seat today as the Dow Jones Industrial Average bolted to just under 195 points, +1.50 percent, to end day at 13,115.54. The Nasdaq gained even more, 1.85 percent to close at 3042.82, while the S&P also gained, +1.55 …
From London, England OfficialWire tells MHProNews.com by 2017 the production of manufactured housing worldwide will reach 829,000 units. The report cites technological improvements, positive governmental regulations, and growing populations in the Asian and Latin American markets with disposable income as the driving force behind demand for middle-income housing. Noting manufactured …
The Diamond Green Apartments being built in Philadelphia near the Temple University campus will be the largest modular project in the city. Built by Mosaic Development Partners, the 92 unit complex will be home to 350 students. The apartments are part of a larger $20 million mixed-use complex with retail …
U.S. stocks were a mixed bag today: While worries of European debt continue to hang over the market, retail sales rose in March more than analysts expected as the Dow Jones Industrial Average gained 71.82 points, +0.56 percent, to end the day at 12,921.41. The Nasdaq lost -0.76 percent to …
Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces it will release financial results for the first quarter ending March 31, 2012 on Tuesday, May 8 after the close of the market. A conference call discussing the results will ensue the following day, Wed. May 9, 2012 at 10:00 AM …
RVBusiness tells MHProNews.com that Skyline Corporation reported for its fiscal third quarter ending Feb. 29, 2012 total net sales of $36.8 million, a 16 percent increase over the $31.8 million for the same period last year. Net loss for the fiscal third quarter amounted to $7.4 million, an improvement from …
