News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Taking over a one-time manufactured housing plant in Johnstown, Colorado, PTI Group has converted the 113,000 square-foot facility to constructing modular workforce housing for the oil, gas and mining industries in Canada. Based in Alberta, Canada, PTI scouted 78 cities before choosing the Denver area because of the availability of …
Former Manufactured Housing Plant Bustling with Modular Workforce Units Read More
Following up on a story MHProNews posted Jan. 31, 2013, regarding $125,000 in seed money received by Wolfpack Chassis from Elevate Ventures’ Indiana Angel Network Fund (IANF), the Kendallville, IN-based company announces the completion of a $625,000 round of financing. Wolfpack manufactures chassis and chassis components for the manufactured housing …
Manufactured Housing Chassis Firm Firms-up Financing Read More
The tough winter of 2013-2014 has not slowed the record pace for pre-registertions for the 2014 Louisville Manufactured Housing Show. The long range weather forecast for the Louisville Manufactured Show are for lower than normal temperatures, with highs during the show generally in the mid to upper 30s. But the …
As follow-up to a story MHProNews last posted May 22, 2013, the Clayton-Bradley Academy, which opened on the grounds of Clayton Homes in July, has announced plans to add four classrooms to the school which currently serves 78 tuition students. Dr. Don Bruce, chairman of the nonprofit organization Innovative Education …
Clayton-Bradley Academy Adding Classrooms Ahead of Schedule Read More
Black Diamond Structures of Calgary, Alberta, Canada, which rents and sells remote workforce housing and modular workspace solution, has announced it will pay a dividend of $0.075 per share for January, 2014. The company’s board of directors reports the dividend will be paid on February 18, 2014 to shareholders of …
Modular Accommodations Supplier Declares Monthly Dividend Read More
Investors were disappointed by the drop in housing starts and building permits in December as they digested a bundle of economic reports from private industry. CNNMoney reports the Dow Jones Industrial Average managed a gain of 41.55 points, +0.25 percent, to end the week at 16,458.56. Meanwhile, the Nasdaq dropped …
Patrick Ind. Notches Top Gain, while Louisiana Pacific Falls Read More
The National Association of Home Builders (NAHB) reports housing production fell 9.8 percent in December to a seasonally-adjusted annual rate (SAAR) of 999,000 units following a gain in housing starts in November. The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau say single-family housing starts fell …
TJT Inc. (OTC Markets: AXLE) reports a net profit of $75,815, $.02 per diluted share for the first quarter of fiscal year 2014, as compared to a net loss of $302,189 for the same quarter in the previous year. According to marketwatch.com net sales for Q1 2014 increased 90 percent …
The latest Freddie Mac Economic and Housing Market Outlook shows the housing market moving in a positive direction. Frank Nothaft, Freddie Mac’s vice president and chief economist, says “As we start 2014, the housing recovery continues its steady pace. House-price gains will likely moderate from last year’s pace but rise …
The Billings County Fryburg School in western North Dakota was sold for almost $500,000 to Louisiana-based Energy Resource Group for a man camp for the Bakken oil field workers, but the company never followed through. The bismarcktribune.com reports an Alabama-based company, Bakken Suites of Fryburg, has more recently filed a …
The Magnolia (Arkansas) Planning Commission will deal with the placement of several manufactured homes at its next meeting on Mon., Jan. 20, 2014. As magnoliareporter.com informs MHProNews, Aaron Thomas and Shari Palmucci have each requested a variance to site a manufactured home in an R2 zone (single-family homes and duplexes). …
Investors were disappointed by Citigroup and Best Buys’ poor earnings, and J. C.Penney’s decision to close 33 stores, dropping the Dow Jones Industrial Average -64.93 points, -0.39 percent, to close at 16,417.01. CNNMoney reports the Nasdaq nudged up +0.09 percent, +3.81 points, to finish at 4,218.69, while the S&P slid …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for newly built, single-family homes fell one point to 56 in January. Rising home prices, historically low mortgage rates and significant pent-up demand will drive a continuing, gradual recovery in the year …
Housing Market Index Falls One Point, but Still Above 50 Read More
Livingston Manor at the southern edge of the Catskill Mountains in New York has won a $1.8 million grant to replace an affordable housing project with 27 two-bedroom and 33 three-bedroom modular townhomes, according to recordonline.com. Utilizing federal and state low-income housing tax credits, funding for the 60 unit Hemlock …
One of the subsidiaries of Universal Forest Products, Inc. (NASDAQ:UFPI) has agreed to purchase the assets of National Fiber, a manufacturer of environmentally sound cellulose insulation serving clients in the Northeastern U. S. Located in Belchertown, Massachusetts, National Fiber also sells special machines required to install the insulation, and offers …
Universal Forest Products Acquires Insulation Producer Read More
Solid economic reports and strong bank earnings spurred the S&P to a new record high in today’s trading as the Dow advanced over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +108.08 points, +0.66 percent, to close at 16,481.94. The Nasdaq moved up +0.76 percent, +31.86 points, to …
Affiliated Managers Group Advances; S&P Marks New High as Dow, Nasdaq Gain Read More
An 80,000 lb. concrete monolith portion of a home developed by Jacksonville, Florida-based Montenero U. S. has been installed in Moore, Oklahoma, the site of a devastating tornado May 20, 2013. Comprising almost a third of the 1,885 square-foot house’s structural support, newsok.com informs MHProNews.com the shell will provide an …
Real estate investment trust (REIT) Sun Communities, Inc. (SUI) will release its fourth quarter, 2013 financials on Thursday, Feb. 14 before the market opens. Officials will discuss the results in a conference call later that same day at 11:00 AM eastern time, according to marketwatch.com. The conference call will be …
The Texas Manufactured Housing Association (TMHA) reports sales of new manufactured homes in October, 2013 rose +8.20 percent from September and increased +2.41 percent from Oct. of 2012. New sales year-to-date from October of last year were up +12.60 percent. MHProNews has learned sales of used manufactured homes rose 14.29 …
Alberta, Canada’s New Home Buyer Protection Act will offer more consumer protection when the mandatory warranty protection takes effect Feb. 1, 2014. The Canadian Home Builders’ Association-Alberta initially offered coverage on new homes beginning in 1974, and the new act ensures all builders meet the same standards. Modular and manufactured …
Factory-built Homes Covered by New Mandatory Warranty Read More
