Stock Market Closed Today
The U.S. stock markets are closed today in observance of Good Friday. Happy Easter and Happy Passover from MHProNews.com.
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Manufactured and Modular Housing News
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.
Deer Valley Repurchases Stock
Faqs tells MHProNews.com Tampa, Florida-based Deer Valley Corporation (DVLY:OTCBB) has agreed to purchase all of the company’s outstanding preferred stock from its majority shareholder, Vicis Capital Master Fund, as well as 1,096,291 shares of Deer Valley’s common stock. The option also gives the company the right to repurchase 12,310,359 shares
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Mass. Home Sales Rise
According to BostonHerald the sale of homes in Massachusetts increased 9.7 percent in Q1 this year as compared to 2011, continuing a trend that began in 2009 when the housing market bottomed out. The MLS Property Information Network says the state’s median sales price fell less than one percent to
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Modular Development Meets Resistance
WisconsinRapidsTribune tells MHProNews.com Ferkey Builders has received preliminary approval for a modular home community for people 50 and older in the central Wisconsin town of Saratoga. The 48 homes would each be sited on a half-acre with one bedroom models starting at $100,000. A resident who said the town’s ordinance
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MHC Owner Underwrites Public Offering
From Freehold, New Jersey the SacramentoBee says UMH Properties has completed the underwriting of one million shares of its 8.25% Series A Preferred Stock at $25.292 per share, and anticipates a net return of $24,500,000 before expenses. The company intends to acquire additional properties and pay down debt with the
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Housing Market Showing Slight Gain
The National Association of Home Builders (NAHB) Improving Markets Index (IMI), based on employment, housing permits, and house prices showed a slight improvement, adding a net gain of two, March to April. Thirteen markets were added and eleven fell from the ranking, while 88 markets remained, rising just above the
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ICI Opens Plant in SC
Following up on a story we published Sept. 8, 2011, ReinforcedPlastics says Toronto, Canada-based Innovative Composites International, Inc. (ICI) has completed its Orangeburg, South Carolina plant designed to produce five million square feet of modular homes annually. The 880 square-foot EcoScape homes, a modular unit especially designed for affordable housing
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Dow Edges Down, MH Composite Rises, MH Stocks Mixed
CNNMoney tells MHProNews.com jitters over the continuing European debt crisis tempered the slight good news anticipated in the job market, resulting in the Dow Jones Industrial Average dropping -0.11 percent, -14.61 points, to close at 13,060.14. The Nasdaq moved up +12.41 points, +0.40 percent to close at 3,080.50, while the
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Free Energy Upgrades for MH Residents
A program offered by Puget Sound Energy (PSE) offers residents of manufactured homes in Bonney Lake and Sumner, Washington the opportunity to receive free duct work sealing and other energy- saving devices. As Bonneylake-SumnerPatch tells MHProNews.com, the service has up to a $500 value and can reduce energy usage by
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Is the Recovery Spinning Down?
The etruth in Elkhart County, Indiana says business leaders are cautiously optimistic about the future given business expansion and new jobs, but concerns remain about the increase in fuel costs that ultimately will be passed on to consumers that could drag the economy back down. Despite the 12.1 percent unemployment
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Canadian Company Expanding in U.S.
ATCO Structures and Logistics of Alberta, Canada, is opening its third plant in the U.S., a 200,000 square foot facility in Pocatello, Idaho to meet growing demands for its modular buildings, according to IndustryWeek. Over 150 plumbers, electricians, and carpenters, plus office staff and additional production workers will be employed
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Future Housing: Quicker, Stronger
Mashable tells MHProNews.com the future of urban architecture will be the development of sustainable, modular, and immediate construction utilizing a contour crafting machine that can crank out one square foot of a cement compound in 20 seconds. University of Southern California Professor Berokh Khoshnevis, director of the Center for Rapid
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Stocks Lower, Yahoo Index Shows Small Gain
Most stocks closed lower Wednesday with the Dow off more than 100 points. While most watched manufactured housing stocks also closed lower, the Yahoo Finance Manufactured Housing Composite Value recorded a small gain. Closing lower were Affiliated Managers Group, down $1.91 (1.66 percent) to 113.28; Clayton Homes, Vanderbilt Mortgage and
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Indexes Close Lower Tuesday
Indexes including the Dow and Yahoo Finance Manufactured Housing Composite closed lower Tuesday as fed minutes deflated market expectations. Closing lower with the broader markets were Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway, down $366 (.27 percent)
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Stocks Up On First Trading Day in April
U.S. and Chinese manufacturing data helped stocks get off to a good start Monday. The Dow gained four tenths of one percent and the Yahoo Finance Manufactured Housing Composite Index gained more than one percent. Rising with markets Monday were Affiliated Managers Group, up 1.66 (1.48 percent) to $113.47; Clayton
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Stocks Gain, Log Recent Quarterly Milestones
The Dow moved higher Friday and logged its best quarterly gain in almost 14 years. For the quarter, the Dow jumped 8.14 percent, the S&P 500 surged 12.00 percent, and the Nasdaq soared 18.67 percent. The Yahoo Finance Manufactured Housing Composite Index also gained three quarters of a percent. Manufactured
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Stocks Up 20 Points, Composite Index Drops
Stocks spent most of the day in the red, but the Dow managed to log a small gain by the closing bell. Manufactured Housing stocks, however saw no such turn-a-round and lost much of what they gained Wednesday. The Yahoo Finance Manufactured Housing Composite Value closed down 2.4 percent. Stocks
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CFPB Examining Loan Officer Compensation Rule
OriginationNews tells MHProNews.com Peter Carroll, the acting assistant director for the Consumer Financial Protection Bureau (CFPB) in charge of the Office of Mortgage Markets, is examining the Federal Reserve’s loan officer (LO) compensation rule. Jurisdiction for the rule was moved to the CFPB in July 2011 from the Fed’s control
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MHC Residents May See Rents Rise
As follow-up to a story we published Feb. 24, 2012, homeowners in the 17 MHCs in Oceanside, California who have homesites under rent control might see their rents rise by 2.25 percent as of July 1, the NCTimes tells MHProNews.com. According to the rent control ordinance of 1984, community owners
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Stocks Decline, Manufactured Housing Index Rises
Stocks closed lower Wednesday following a decline in energy prices, but the Yahoo Finance Manufactured Housing Composite Index ended the day nearly three percent higher. Individual stocks that logged gains include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire
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