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.
U. S. investors did not seem fazed by violence in Israel/Gaza and the Ukraine, as the Nasdaq rose +17.86 points, +0.40 percent, to end hump day at 4,473.70, while the S&P 500 hit a new intraday high but settled at 1,987.01, +3.48 points, +0.18 percent. Meanwhile, the Dow Jones Industrial […]
Skyline Rises, Nobility Homes falls; Dow Slips, Nasdaq and S&P Rise Read More
Sales of previously-owned homes rose 2.6 percent in June to a 5.04 million annual rate, an eight-month high, according to figures released by the National Association of Realtors (NAR). More listings cooled prices as they advanced to their slowest rate since March 2012, as inventories increased to a nearly two-month
Existing Home Sales Rise in June Read More
Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189
Equity LifeStyle Properties Posts Gains for Q2 Read More
Freddie Mac’s Multi-Indicator Market Index (MiMi) dipped .06 points to -2.59 last month, indicating a flat housing market, although on the year the housing market has improved by .86 points, according to housingwire.com. The all-time low was -4.42 in Nov. 2010, MHProNews has learned. Other housing market indicators are more
Despite Cautionary Data, Housing Market Improves Modestly Read More
“Regarding this previous portion of the test, IBHS indicated: “When one of these high wind-rated HUD-Code homes is installed on a permanent foundation, in most of the country, it would end up resisting wind storms better than surrounding site-built homes.” So stated a MHI President and CEO, Richard “Dick” Jennison
Residents at Blackhawk Estates manufactured home community (MHC) in an unincorporated area near Des Plaines, Illinois protested Monday after their property managers allegedly enforced what the residents are calling “the fine print” in their leases by walking through the community and taking belongings from residents’ yards, including childrens’ toys, yard
MHC Residents Protest Seizure of Belongings Read More
According to nationalmortgagenews.com, Wells Fargo executives welcome the effort by Federal Housing Finance Agency Director (FHFA) Mel Watt to expand mortgage credit availability, but caution that capturing the lower-credit quality homebuyer is not likely to increase the size of the mortgage market nor impact earnings of mortgage originators. The nation’s
Wells Fargo Reports Growth in Originations Read More
Fitch Ratings expects the housing market to continue growing this year and become much stronger in 2015, according to housingwire.com. Fitch forecasts single-family housing starts to grow 9.5 percent the remainder of the year to 677,000, and new home sales to advance eight percent to 465,000 while home volume will
Fitch Predicts Housing Market will Expand 16 Percent Read More
Following a story MHProNews posted July 17, 2014 regarding a manufactured housing wind test sponsored by the insurance industry, Dick Jennison, MHI president and CEO says the results will be on the Today Show tomorrow morning, July 23, between 7 and 7:30 AM eastern time. Conducted in several phases by
Manufactured Home Performs well Under Wind Test Read More
Healthy company earnings for the second quarter spurred investors to push all three indexes to make modest gains as the Dow Jones Industrial Average nudged up +61.81 points, +0.36 percent, to close at 17,113.54, according to what CNNMoney tells MHProNews. The Nasdaq added 31.32 points, +0.71 percent, to end the
LPX Gains Most of Tracked Stocks; Dow, Nasdaq, S&P Nudge Up Read More
MHProNews has learned from the RV/MH Hall of Fame that the 400 reservations for this year’s Hall of Fame Induction Dinner Aug. 4, 2014 have already surpassed the 311 who attended last year, and Darryl Searer, president of the Hall of Fame, expects to exceed the 434 record high. The
Reservations for RV/MH Hall of Fame Ceremony nearing Record Read More
At the Dorchester County Council meeting in southern South Carolina, MHProNews has learned the council rezoned 1.98 acres on Claussen St. from Multi-family Residential to Single-family Residential, Manufactured Housing, according to journalscene.com. ## (Image credit: Bing Images)
Property Rezoned to Manufactured Housing Read More
According to wisconsinrapidstribune.com, custom modular homes builder Pittsville Homes, Inc. of Pittsville, Wisconsin is closing its doors after 40 years in business. Once one of the largest employers in town with 50-60 employees and a 40,000 square foot facility capable of building up to eight homes at one time, owner
Pittsville Modular Closes; Stratford Homes picks up Ferkey Read More
Writing in nationalmortgagenews.com, Lynn Effinger states evidence is mounting we are sliding back into another housing downturn. He says the shadow inventory of foreclosures which have not been released into the marketplace is artificially inflating home values. He notes the rise in institutional investors buying up bank-owned properties and making
Stepping back into Housing Bedlam? Read More
The College Board of Mississippi Valley State University (MVSU) reversed an earlier decision and decided to purchase modular housing units for students instead of leasing them because the school can sell them when they are no longer needed and recoup some of their expense, according to msbusiness.com. Higher Education Chancellor
Mississippi U will Purchase Modular Housing for Students Read More
Stocks fell across the board as investors responded to the violence in Gaza and the Ukraine, suppressing trading, as the Dow Jones Industrial Average nudged down -48.45 points, -0.28 percent, to close at 17,051.73. The Nasdaq slipped -7.45 points, -0.17 percent, to end the day at 4,424.70, while the S&P
Sun and Third Avenue Rise Modestly; Dow, Nasdaq and S&P Slip Read More
According to what wkrb13.com informs MHProNews.com, Equity LifeStyleProperties, Inc. (NYSE:ELS) will release its financial results for Q2 2014 on Tuesday, July 22, 2014, at 11AM eastern time. Analysts anticipate earnings will be announced as $0.61 per share with revenue of $179.61 million. In Q1 2014 the company beat analysts estimates
ELS to Release Q2 Financials Read More
According to crazyjoys.com in Stocks in the News, UMH Properties, Inc. (NYSE:UMH), which will distribute 0.18 per share to stockholders Sept. 15, 2014, has a year -to-date performance of 9.91 percent and a quarterly performance of 2.89 percent. In Friday’s (July 18) trading the stock closed up +0.71 percent at
UMH Properties, Inc.: A Stock to Watch Read More
Following a story MHProNews last posted June 16, 2014, the Pennsylvania attorney-general’s office is suing David Valenti, president of Wyoming Homes for alleged violations of the consumer protection laws and is seeking to permanently close the business. Twenty complaints were lodged against the business from Aug. 2011 to Dec. 2013
Pennsylvania AG Sues Wyoming Homes Owner Valenti Read More
In a letter to “Anne” of the democratandchronicle.com of Rochester, New York, the questioner describes a seasonal community on the water in New York state, which sites single-section manufactured homes (MH)and travel trailers that requires a fee of $1,000 payable to the community owner if a home is sold to
Rules Regarding Seasonal Manufactured Housing Communities may be Unexpected Read More
