A 32.1 percent drop in new home sales in the West led total new home sales across the nation to drop 9.2 percent last month to a seasonally adjusted annual rate (SAAR) of 494,000, less than the 501,000 in Jan. 2015, reports oregonlive. “With inventory still very tight, prices will […]
Housing Market Recovery: Making Haste Slowly Read More
According to atr.org, Republicans on the House Financial Services Committee have set their sights for 2016 on repealing the Volcker Rule and the perpetually funded Consumer Financial Protection Bureau (CFPB). The Volcker Rule is named after Paul Volcker, the former Federal Reserve Chairman who was appointed by President Obama to
House Committee Seeks to Repeal Volcker Rule and CFPB Read More
In the news from CNNMoney: Hallliburton cuts another 5,000 jobs. China stocks lose over six percent. Venezuela shipping gold to pay debt. Apple’s case against FBI will be tough. Google robot can open windows, walk through the snow, place objects on a shelf and pick itself up after being knocked
ELS Gains +2.91%, Advances to $71.54; MHCV Gains +1.35% Read More
MHProNews has learned Patrick Industries, Inc. (NASDAQ:PATK)’s vice president of human resources, Courtney Blosser, sold 10,799 shares of company stock at $41.90 per share for a total transaction of $452,091. Blosser currently owns 19,560 shares of Patrick, about 0.12 percent of of the company’s market capitalization, according to franklinindependent. Meanwhile,
Insider Trading at Patrick Industries, Inc. Read More
According to an affordable housing advocacy group, nationalmortgagenews informs MHProNews, low-to moderate-income consumers and minorities face a rocky road when it comes to buying a home in New York. The Association for Neighborhood & Housing Development (ANHD) said these groups have a hard time finding credit to purchase a home,
Demographics of New York not Reflected in Home Purchase Loans Read More
In the news from CNNMoney: Twitter founder Jack Dorsey and Facebook founder Mark Zuckerberg threatened by ISIS. Nike’s Phil Knight gives $400 million to Stanford University. Oil plunges to below $30, regains, moves back to $32—still volatile. Beijing has more billionaires than New York. While gas falls in U. S.
Universal Forest Products Gains +6.55 Percent in Two Days Read More
The S&P/Case-Shiller index of home prices in 20 U. S. cities rose 5.7 percent from Dec. 2014, while nationally prices increased 5.4 percent year-over-year, according to bloomberg. While gains in payrolls and low jobless claims may be making home buying more attractive, continuing low-interest rates and more affordable properties for
Stabilizing Home Prices could make Home-buying More Feasible for First-time Buyers Read More
MHProNews has learned from businessinsider that Chinese companies are buying foreign businesses at a record rate as their own economy slows to a pace not seen in 25 years, and investors are feeding on buying outside the country. The Chinese government has to approve these deals, plus they have to
Chinese Buying U. S. Firms at Record Rate. Will housing Fall-ow? Read More
The greater Vancouver, British Columbia, Canada city includes Langley which has a 35 year-old manufactured home on 2.5 acres that sold last month for $1.15 million and has been listed again for $1.8 million, according to what theprovince tells MHProNews. The three-bedroom, two-bath home is located near a school and
35 Year-old Manufactured Home Lists for $1.8M Read More
Southfield, Michigan-based Sun Communities, Inc. (NYSE:SUI) reported fourth quarter 2015 funds from operations of $48.9 million, or $0.81 earning per share (EPS), $0.04 short of what three analysts surveyed by Zacks Investment Research had estimated. Funds from operations in the real estate investment trust (REIT) is a significant indicator in
Sun Reports Q4 and Year-end Financials Read More
In the news from CNNMoney: Land Rover rolls out $245,000 SUV. Millions of Mars and Snicker candy bars recalled. Free college degrees luring Americans to Europe. Oil continues to have a chokehold on stocks. Tourism slow down holding back Egypt’s recovery. Deutsche Boerse plans London Stock Exchange takeover. Bank of
Dow Rolls Back -1.14%; More MH-related Stocks Close Down than Up. Read More
Manufactured housing (MH) is an inexpensive path to the American Dream of homeownership, said Doug Ryan, Director of Affordable Homeownership at the Corporation for Enterprise Development (CFED). But he claims there is a lack of competition among the few MH lenders that exist—a market dominated by Clayton Homes, which builds,
Doug Ryan: Expand the Lending Opportunities for MH Buyers Read More
According to hilltopmhc, Assetmark increased its stock in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 74,692 shares and now holds 89,260 shares with a value of $5,228,220. It increased its hold by 512.7% and now represents 0.11% ownership. The stock’s 200-day moving average is $61.60 with a 50-day moving average of
Assetmark Increases Stake in Equity LifeStyle Properties Read More
Updating a story MHProNews posted July 21, 2014 about Wyoming Homes owner David Valenti being sued by the Pennsylvania AG for not delivering manufactured and modular homes for which he was paid, and not fulfilling contacts, timesleader reports he pleaded guilty in Luzerne County Court to 19 counts of theft.
David Valenti Pleads Guilty to 19 Counts of Theft Read More
According to what housingwire tells MHProNews, Fitch Ratings reports that, after four years into the housing recovery, the shortage of inventory continues to plague the market, unlike past recoveries, which reduces housing options. Fitch says this is true of existing homes as well as new homes. The National Association of
Fitch Ratings Predicts Homes for Sale Inventory to Change Little in 2016 Read More
Updating a story MHProNews posted on Aug. 22, 2015 regarding plans by the owners of Hillcrest Estates manufactured home community (MHC) to upgrade the community and add up to 70 new MH over the next ten years, the Portsmouth, New Hampshire Planning Board approved a conditional use permit for a
Expansion for Hillcrest Estates MHC Approved by Planning Board Read More
In the news from CNNMoney: Fears of recession fall after today’s stock rally. Legendary investor Carl Icahn getting creamed by plunge in oil prices. In Hollywood, blacks and women are the exception in leading roles, not the rule. Stock of Lumber Liquidators falls 15 percent following CDC report that laminate
AMG Tops MH Gainers; Dow Begins Week Strongly Read More
While the foreign buyers entering the U. S. real estate market has been a boon to enterprising sellers, it has lead to an increase in home prices, which contributes to pricing housing out of the reach of middle class buyers, according to what mpamag tells MHProNews. Moreover, investments made by
Real Estate Purchases by Foreign Nationals Rises Read More
Christ Lutheran Church in Athens, Ohio is behind the building of the three-story modular apartment building next to the church, as athensnews informs MHProNews. The six modules that comprise the three four-bedroom apartments, a product of Unibuilt Modular Homes of Vandalia, Ohio, will be ready for occupancy by May 1.
Modular Apartment Building Set within Two Days Read More
MHProNews last posted a story Jan. 25, 2016 concerning the standoff between the California Coastal Commission on one side, and the city of Pacifica, CA and Pacific Skies Estates MHC on the other, over the upgrade of the community by the city without an environmental review of long-term erosion, sea
California Coastal MHC Development Project may be in Jeopardy Read More
