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.
Equity LifeStyle Properties, Inc. (ELS) will pay a cash dividend of $0.325 per share Oct. 10, 2014 to shareholders of record Sept. 24, 2014, marking the third quarter the company has paid the same dividend. The dividend yield is 3.08 percent at the stock price of $42.25, according to nasdaq.com. […]
Zacks Forecasts Profitable year for Equity LifeStyle Properties Read More
While current Federal Aviation Administration (FAA) rules prohibit the use of Unmanned Aerial Vehicles (UAVs), commonly called drones, for commercial purposes, the National Association of Realtors (NAR) has sent a letter to the FAA asking for an exception since their motives have nothing to do with safety concerns. The NAR
Realtors ask for Exception on use of Drones Read More
For-the-record comments and ‘quotable-quotes’ continue to be sent to MHProNews in anticipation of the 5th Anniversary celebration in October. Here is a sneak peak at one of the growing number of kind comments already in hand. “Over the past 5 years, MHProNews and its family of websites has grown to
The “Preeminent” Manufactured Housing Industry Professionals News Source Read More
The Manufactured Housing Institute (MHI) reports Centerline Capital Group has changed its name to Hunt Mortgage Group after being acquired by Hunt Companies, Inc. Hunt provides financing for manufactured housing, student housing, co-ops and affordable rental homes. Woody Hunt, Hunt Cos. Chairman and CEO, said, “The acquisition of Centerline was
Centerline Capital’s new name is Hunt Mortgage Group Read More
For the second day in a row the Dow Jones Industrial Average lost 100 points, falling -116.81 points in today’s trading, -0.68 percent, ending the day at 17,055.87. The Nasdaq slipped -0.42 percent, -19.00 points, to end the day at 4,508.69, while the S&P 500 also fell to mark the
Skyline Regains Lost Ground; Dow Falls over 100 Points again Read More
Real estate investment trust (REIT) Origen Financial, Inc. of Southfield, Michigan, which manages interests in securitized loan portfolios backed by manufactured housing, will dissolve and liquidate after selling it assets to an affiliate of GoldenTree Asset Management LP for $47 million, according to the Manufactured Housing Institute (MHI). MHProNews has
Origen Financial is Leaving the Building Read More
Heiden Homes Realty has added Kathy Tompkins as a realtor to the staff in Grand Junction, Colorado, according to gjsentinel.com. Tompkins owns Manufactured Home Parts, established in 2000, and as an unlimited general contractor, specializes in manufactured home sales and construction at Royal T’s Construction, LLC. The company also remodels,
Realtor Adds Manufactured Home Specialist to Staff Read More
The closing rate for mortgage originations hit a three-year high in August, according to Ellie Mae, which calculated an overall closing rate of 61.1 percent, almost four percentage points higher than July. Ellie Mae’s President Jonathan Corr noted lenders are working hard to maintain leads, as nationalmortgagenews.com reports. The monthly
Mortgage Origination Closings Rise Read More
The National Association of Realtors (NAR) informs MHProNews that sales of existing homes fell 1.8 percent across the country as investors continue to leave the market, making more homes available for individuals to finance. The South and the West, the two largest markets, both saw declines, offsetting the gains in
Existing Home Sales Slip in August Read More
The new head of the Department of Housing and Urban Development, Julian Castro, in his first major policy speech, said lending standards have become too tight and policymakers need to find ways to expand the housing market. Speaking at a housing summit sponsored by the Bipartisan Policy Center, the former
HUD Head Castro Supports Johnson-Crapo Reform Bill Read More
While protesters marched in the financial district of Wall Street protesting the role of big business in climate change, all three major indexes slipped. The Dow Jones Industrial Average lost -107.05 points, -0.62 percent, ending the day at 17,172.68. The Nasdaq slipped -1.14 percent, -52.10 points, to end the day
Dow Drops 100 Points; Tracked Stocks all Fall or Remain Unchanged Read More
According to data from the National Association of Realtors (NAR), 27 percent of those purchasing a home for the first time last year received a cash gift from relatives—such as the Bank of Mom & Dad– or friends, an increase from 24 percent in 2012. Meanwhile, rising stock and property
Cash Gifts Supporting Millennials in Home buying Read More
Updating a story MHProNews last posted Jan. 30, 2014 regarding a 16-year attempt by the residents of Naples Estates (Fla.) manufactured home community (MHC) to purchase their community, Collier County Circuit Judge Hugh Hayes had ruled in favor of the Naples Estates Homeowners Association (NEHA) to seek financing to buy
Settlement of Sixteen Year Legal Wrangling between Owner and Community Pending Read More
The city of San Diego has offered to pay the residents of De Anza Cove manufactured housing community (MHC) $22 million in relocation expenses plus attorney fees to settle a lawsuit, following eleven years of legal wrangling. The homeowners’ attorney released a statement saying the city’s offer is a good
San Diego Offers $22 Million to MHC Residents Read More
Although MHProNews has posted several stories relating to the effect of student debt on home sales, a new study by John Burns Real Estate Consulting, according to The Wall Street Journal, says higher levels of student debt will reduce U. S. home sales by eight percent this year. Studying purchase
Student Debt will Cut Home Sales Eight Percent Read More
The Franklin County (Missouri) Planning and Zoning Commission rejected a conditional use permit (CUP) plan to replace a series of duplexes, senior apartment and Korean-syle huts with single and multi-section manufactured homes for a 110-acre retreat complex for the National Association of Intercultural Family, Inc. (NAICFM). Initially approved in 2007,
Planning Commission Rejects Manufactured Home Proposal Read More
A request by the owner of residential property in Pierce City, Missouri to re-zone the land as a manufactured home community (MHC) was denied by the city’s aldermen, which is keeping the owner from filling two vacant home sites. A local ordinance requires an empty slot to have a replacement
Attempt to Replace Vacated Manufactured Home Sites Denied Read More
The homeownership rate among young adults ages 18-34 has fallen to a new low, 13.2 percent, as Millennials continue to live in their parents’ basements. In 2014, according to Census Bureau data compiled by trulia.com, 31.1 percent of this age group lived with their parents, a slight decline from 31.2
Millennials Continue Living with Mom & Dad Read More
The huge splash made by Alibaba’s IPO evidently drowned out most everything else, although the Dow Jones Industrial Average managed enough gain, +0.08 percent, +13.75 points, to set another new high, ending the week at 17,279.74. The Nasdaq slipped -.30 percent, -13.64 points, to end the day at 4,579.79, while
Skyline Rises again as Dow Reaches New High Read More
Employees of manufactured housing component supplier Lippert Components, Inc. of Elkhart, Indiana participated in the annual JDRF (Juvenile Diabetes Research Foundation) Walk to Cure Diabetes, raising over $15,000 for research into a cure for Type 1 diabetes. According to rvbusiness.com., around 200 employees and their families took part in the
Lippert Contributes to RVs, MHs and Community Charities Read More
