Tag: housing

Heart Paydays Examines U.S. Lending Trends, Borrower Behavior, and State-Level Loan Regulations in July 2025

PHOENIX, July 14, 2025 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("Cavco" or the "Company") announced today that it has entered into a definitive agreement to acquire American Homestar Corporation and its subsidiaries (collectively, "American Homestar"), a Houston-based company best known in the market as Oak Creek Homes. American Homestar operates two manufacturing facilities, nineteen retail locations, writes and sells a limited number of manufactured home loans and acts as an agent for third party insurers. With 800 employees, revenues for the twelve months ended May 31, 2025 were $194 million, net income was $16.6 million and earnings before interest, taxes, depreciation, amortization, and other income ("Adjusted EBITDA") (non-GAAP)* was $17.8 million. During that time, American Homestar produced 1,676 homes.

Chicago, IL, July 12, 2025 (GLOBE NEWSWIRE) -- In response to the recent floods impacting communities across Texas, Dr. Anosh Ahmed, physician and founder of the Anosh Supports America First Foundation, has announced a relief initiative aimed at assisting affected families. The initiative will include direct financial assistance, support for grieving families, and home reconstruction efforts for uninsured residents

CHICAGO, July 12, 2025 (GLOBE NEWSWIRE) -- Dr. Anosh Ahmed, a respected Republican figure and founder of the Anosh Supports America First Foundation, has pledged immediate aid to families affected by the devastating floods across Texas. Demonstrating his deep commitment to American values and conservative leadership, Dr. Anosh Ahmed Foundation has announced plans to donate to relief efforts, support grieving families, and help rebuild homes for uninsured victims.

HALIFAX, Nova Scotia, July 11, 2025 (GLOBE NEWSWIRE) --

EVENT BRIEF — On July 8, the NS government terminated 42 union jobs without notice at Out of the Cold (OTC) housing shelter and shut down its operations. Workers and their Union (SEIU Local 2) are calling for an emergency press conference and rally at Province House on July 15 at 11am.