SmarTrend tells MHProNews.com 63,000 shares of Sun Communities (NYSE:SUI) traded hands early today as the stock hit a 52-week high of $45.19. Trading in a range from $30.49 to $45.19 over the past year, the stock has risen 47 percent over the lowest share price. The 50-day moving average (MA) […]
RealtorMag reports the Commerce Department says new, single-family home sales rose to 7.6 percent in May, the best pace since April 2010, and up 20 percent year-over-year. New home prices are rising as well: Prices increased 5.6 percent over last year, and are now at a median price of $234,500.
Pace Quickens for New Home Sales Read More
OriginationNews states the CoreLogic House Price Index (HPI) notched its third consecutive monthly increase as house prices rose 1.8% in May, an increase of two percent over May 2011, and is expected to rise another 1.4% in June. Anand Nallathambi, president and chief executive officer of CoreLogic says the limited
Home Prices Nudge up in May Read More
The drop in U.S. manufacturing activity in June for the first time in almost three years was tempered by investors’ hopes the Federal Reserve would provide some stimulus for the sluggish economy, as stocks closed mixed for the first day of the second half of 2012. CNNMoney tells us the
All But One Tracked Housing Stocks Close Up Read More
Following up on a story we published April 5, 2012 concerning ATCO Structures and Logistics of Alberta, Canada opening a modular production facility in Pocatello, Idaho, Manufacturing reports the Idaho State Journal says ATCO held a ribbon-cutting ceremony Wed., June 27 attended by Pocatello Mayor Brian Blad and company CEO
Modular Plant Opens in Idaho Read More
According to the Arizona Daily Star, the tough new Federal Housing Authority (FHA) loan restrictions that could have negatively affected one third of mortgage applications have been lifted to be replaced with a more lenient policy. Scheduled to have taken effect July 1, 1012, the original plan would have required
FHA Loan Restrictions Eased Read More
RV Business reports the 36 foot trailer that Elizabeth Taylor used for her dressing room during the filming of Cleopatra in 1963 sold at auction recently for $51,660. Twentieth Century Fox was said to have spent $75,000 to lavishly outfit the Aljo trailer with full columns mounted on the walls,
Glitzy News from our Sister Industry Read More
The NorthKitsapHerald reports from Poulsbo, Washington incorrect serial numbers on a house, an MH paid for but not delivered, incomplete contracts, purchase and sale agreements withheld, and uncompleted work on a manufactured home are all charges being leveled at Kelly Rohr, owner of Golden Homes of Poulsbo, just outside Seattle.
Is the Gold Tarnishing at Golden Homes? Read More
REIT (real estate investment trust) Sun Communities, Inc. reports from Southfield, Michigan its board of directors has declared a quarterly dividend of $0.63 per share for the second quarter of 2012, payable July 20, 2012 to share holders of record July 10, 2012. According to RTT News, Sun reported a
Sun Announces Quarterly Dividend Read More
NationalMortgageNews reports senior citizens, the primary target of reverse mortgages, do not fully understand its risks and features and the tradeoffs involved, leading the Consumer Financial Protection Bureau (CFPB) to plan stronger disclosure requirements. In a conference call with reporters, CFPB Director Richard Cordray said, “They may focus primarily on
CFPB to Require more Transparency in Reverse Mortgage Market Read More
Investors applauded the deal reached by European leaders to assist struggling banks, pushing the Dow Jones Industrial Average up by nearly 300 points. CNNMoney reports the Dow spiked 277.83 points, +2.20%, to finish at 12,880.09. The Nasdaq roared up a full +3.00 percent to 2,935.05, while the S&P gained +2.49
Stocks Roar into Second Half of 2012; Housing Stocks Respond Well Read More
MHProNews has just learned of the passing of George Goldman on May 6, 2012. Entrepreneur, real estate investor, and philanthropist, Goldman, 80, owned several MHCs in the Midwest as well as Woodall’s Guide, a comprehensive guide to RV campgrounds, parks, parts and service that he developed, and that originally listed
Passages: George Goldman Read More
MHProNews has learned that the HUD Multi-Family Staff pre-approves loan for refinancing and rehabilitation, in this case, of the first manufactured home land lease community. The new loan will provide $4.2m in funding from a private lender for a resident owned cooperative located on popular Bainbridge Island in Puget Sound. MHProNews.com
$4.2M 207M Loan Approval by HUD Read More
Benzinga asks if investors should buy stock based on what Warren Buffett’s Berkshire Hathaway purchases. Alex Shek reports that on May 15, Berkshire reported General Motors and Viacom were added to its portfolio as of March 31. The obvious first question is, can it be worthwhile to buy what may
Whale Watching May not be Good Investment Strategy Read More
Quad-Cities reports from Rock Island, Illinois, just across the Mississippi River from Davenport, Iowa, taxes for manufactured homes are due in the Rock Island County Treasurers Office July 9, 2012. Payments postmarked July 9 will not be considered late. State law imposes a fine of $25 per month, or any
Considered the toughest in the nation, Alabama’s immigration law requires state regulatory boards to check the residency status of everyone who is licensed to do business in AL. NECN reports the Alabama Manufactured Housing Commission (AMHC) is one of several that has not been compliant in enforcing the law. Jim
AL Regulatory Boards Lax on Enforcement Read More
The decision by the U.S. Supreme Court this morning to uphold the individual mandate and the Patient Protection and Affordable Care Act (PPACA) went against the National Federation of Independent Business (NFIB) and 26 states in their argument before the Justices challenging the constitutionality of the measure. Yahoo!News reports Dan
Supreme Court Decision Angers Many Read More
Following up on a story we published Sept. 23, 2011 concerning Edgeway Mobile Home Park in Middleboro, Massachusetts and the decade-long plus battle between the family owners and the Board of Selectmen over the construction of the community in 1995 that was never completed, the Superior Court judge who has
MHC May Finally be Completed Read More
Today’s U.S. Supreme Court decision upholding the ObamaCare health plan prompted a sell- off of U.S. stocks as investors fear it will cost the government more, thereby further delaying the economic recovery everyone wants. Nonetheless, CNNMoney reports the Dow climbed back towards the end of the day, losing -24.75 points,
Skyline Rises, Deer Valley Hits a Stump Read More
From Canandaigua, New York writing in MPNnow, Don Semifero offers percentages of differences between a site-built and a manufactured home to make his case to the Victor, NY assessor that they should be assessed at different rates. He ticks off the percentages MH owners lose: 2-3 percent for not owning
MH Should Assess Less than Site-Built Read More
