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.
At the Modular Building Institute’s (MBI) annual conference in Orlando, Florida last week, the president of Whitley Manufacturing, Simon Dragan, was inducted into the association’s Hall of Fame as part of its World of Modular event. A veteran of the modular industry for over 30 years, Dragan came to the […]
Modular Trade Association Honors Hall of Fame Inductee Read More
The U.S. stock markets are closed today in observance of Good Friday. Happy Easter and Happy Passover from MHProNews.com.
Stock Market Closed Today Read More
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
Deer Valley Repurchases Stock Read More
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
Mass. Home Sales Rise Read More
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
Modular Development Meets Resistance Read More
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
MHC Owner Underwrites Public Offering Read More
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
Housing Market Showing Slight Gain Read More
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
ICI Opens Plant in SC Read More
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
Dow Edges Down, MH Composite Rises, MH Stocks Mixed Read More
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
Free Energy Upgrades for MH Residents Read More
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
Is the Recovery Spinning Down? Read More
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
Canadian Company Expanding in U.S. Read More
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
Future Housing: Quicker, Stronger Read More
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
Stocks Lower, Yahoo Index Shows Small Gain Read More
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)
Indexes Close Lower Tuesday Read More
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
Stocks Up On First Trading Day in April Read More
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
Stocks Gain, Log Recent Quarterly Milestones Read More
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
Stocks Up 20 Points, Composite Index Drops Read More
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
CFPB Examining Loan Officer Compensation Rule Read More
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
MHC Residents May See Rents Rise Read More
