According to the Commerce Department, of the 45,000 new houses sold in May, construction has not begun on 16,000, nearly 36 percent, up from 26 percent a year ago, and over two times the 14 percent rate from 2008 during the recession. Total new home sales in May rose to […]
New Home Construction Continues to Stimulate Economy Read More
Flood waters that displaced up to 900 people in Calgary, Alberta, Canada caused over $250 million in damages and led to the issuance of a state of emergency by Mayor Naheed Nanshi. According to Bruce Burrell, head of the Calgary Emergency Management Agency, “We’re in conversation with the province about
Modular Homes to House Displaced Canadians Read More
The U. S. stock markets are closed today in honor of the Fourth of July. They will reopen tomorrow at 9 A.M.
U. S. Stock Markets Closed Today Read More
Asking prices for homes in June increased 10.7 percent year-over-year, according to Trulia. If distressed home sales are excluded, the increase was 11.4 percent year-over-year. Based in San Francisco, data from the guru of real estate says, “However, the rate of increase will eventually slow down as mortgage rates rise,
National Home Asking Prices Rise Read More
Originally developed in 1953, the 256-unit Pacific Mobile Home Park in Huntington Beach, Calif. was sold to a private investor in Orange County for just under $50 million. Set on 18.19 acres, the single and multi-section community of manufactured homes includes a pool and a clubhouse. Greg Sullivan of WD
Manufactured Home Community Sold to Investor Read More
The U. S. Department of Housing and Urban Development (HUD)’s statistics reveal manufactured housing production rose in May, 2013 to 5,622 homes, an increase of 7.8 percent over the 5,211 HUD Code units produced in May of 2012. As the Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews, total
Manufactured Housing Production Increases in May Read More
Although investors were concerned by rising oil prices and turmoil in Egypt, the three major indexes managed to make minor gains in trading today. CNNMoney reports the Dow Jones Industrial Average advanced +56.14 points, +0.38 percent, to close at 14,988.55. The Nasdaq nudged up 0.30 percent, +10.27 points,
Three Major Indexes Manage Small Gains; Tracked Housing Stocks Close Mixed Read More
The Spinelock Group in Mansfield, England is planning its first development of 18 energy efficient, modular homes in the central part of the country. Each home is comprised of four modules and when finished will be 30 percent larger than neighboring houses, bright, airy and spacious with energy bills below
Modular Housing Development Planned for United Kingdom Read More
Updating a story that began in 2006 when Garden Homes Management Corp. initially proposed a 124 site manufactured housing community in Oxford, Conn. that has been fraught with numerous hearings, court rulings, wetlands studies, appeals and professional reviews that we last covered Nov. 29, 2012, Garden Homes has a new
Developer Continues its Pursuit of Manufactured Housing Community Read More
Manufactured home community owner UMH Properties, Inc. has declared a quarterly cash dividend of $0.18 a share on the company’s common stock payable Sept. 16, 2013 to shareholders of record Aug. 15, 2013. In addition, the board of directors announced a quarterly dividend of $0.51562 per share for the company’s
UMH Declares Quarterly Dividends Read More
Residents of the Dallas West Mobile Home/RV Park in Dallas, Tex. just minutes from downtown received fliers June 11 announcing they had until Aug. 31 to move or face eviction. Dallas-based Cienda Partners bought the property in 2006, one year after the city council rezoned the community for apartments, and
Manufactured Housing Community Closing, Residents must move by Aug. 31 Read More
As housing inventory expands, Redfin says the housing market is undergoing a slight slowdown, based on data from 22 markets across the nation that ranks the percentage of homes that go under contract within two weeks of their listing. HousingWire reports 32 percent of homes went under contract within 14
Report says Housing Market may Return to Sluggishness Read More
U. S. stocks slid slightly as the political turmoil in Egypt and concerns about Friday’s upcoming jobs report gave pause to investors who stepped back from the action. CNNMoney reports the Dow Jones Industrial Average slipped -42.55 points, -0.28 percent, to close at 14,932.41. The Nasdaq nudged down -0.03 percent,
Three Major Indexes Slide; Tracked Housing Stocks Close Mixed or Even Read More
Elkhart County in northern Ind. topped the nation for job growth in 2012 with a rate of 7.4 percent from Dec. 2011 to Dec. 2012, as compared to a national rate of 1.9 percent, according to the U. S. Bureau of Labor Statistics. The county, and neighboring LaGrange County, are
Indiana County has Highest Job Growth in the Nation Read More
May saw the largest increase in the CoreLogic Home Price Index (HPI) since Feb. 2006, rising 12 percent over May 2012, and 2.6 percent higher than April, marking the 15th consecutive month of year-over-year increases. For June 2013, as nationalmortgagenews informs MHProNews, the CoreLogic Pending HPI indicates home prices are
Home Prices Rise for 15th Straight Month Read More
The 2013 manufactured home (MH) statements and the second half 2012 real estate tax statements have been mailed from the Hocking County Treasurer’s office in Logan, Ohio. The MH remittance must be postmarked by July 31, 2013 and by July 12, 2013 for the real estate taxes. As logandaily informs
Manufactured Home Fees Due by Month’s End Read More
Borrowers with mortgages backed by Fannie Mae and Freddie Mac that are at least 90 days late will begin receiving offers from lenders to reduce their rates. Called the Streamlined Modification Initiative, borrowers will be able to reduce their payments by either having the loan extended from, say, 30 to
Seriously Delinquent Mortgage Borrowers may Reduce Payments Read More
The Ikea Foundation, the Refugee Housing Unit (RHU) from Sweden and the United Nations High Commissioner for Refugees (UNHCR) have pooled resources to develop a modular dwelling to house refugees and other displaced persons. The 55 square-foot unit has a steel skeleton with lightweight but durable plastic panels for the
Non-profits Team with United Nations to Produce Modular Shelters Read More
Real estate investment trust (REIT) Sun Communities, Inc. announces it will release second quarter 2013 financial results before the market opens on Thursday, July 25, 2013 to be followed by a conference call that same morning at 11:00 AM (EST) to discuss the results. To participate, call toll-free 877-941-0844. The
Sun to Release Q2 2013 Financials Read More
Just north and a little east of downtown Indianapolis five modular homes are set to be built in the Cottage Home area on a stretch of land surrounded by small, older homes from the late 1800’s. Priced at $300,000 to $350,000, the first two homes (already sold) will be 1,800
Modular Homes Rising in Indianapolis Read More
