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.
Would-be investors buying foreclosed homes at auction and renting them are finding the trough is drying up, as auction prices have risen faster than rents, according to Core Logic, resulting in returns on investment (ROI) dropping. “It’s gotten so competitive that discounts at foreclosure are not where they were,” said […]
Foreclosures no Longer the Hot Ticket to Income Read More
Concerns about economic growth in China led investors to exercise caution in trading to start the new year, as all three major indexes ended in the red. CNNMoney reports the Dow moved down -135.31 points, -0.82 percent, to close at 16,455.31. The Nasdaq lost -0.80 percent, -33.52 points, to finish
Cavco Edges Up, UMH Slides, Dow Falls 135 Points Read More
The secondary market mortgage portfolio of Fannie Mae has continued to decline, as directed by the government-service enterprise (GSE) regulator. The $42 billion in mortgages it acquired in November represented a 14 percent drop from October. As reported by nationalmortgagenews.com, Fannie’s portfolio fell below $500 billion for the first time
Fannie Mae’s Portfolio is Shrinking Read More
According to tickerreport.com Zacks has upgraded shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) from “neutral” rating to “outperform” in a research report issued to investors, with a $42.80 target price on the stock. While ELS has a 52-week low of $33.36 and a 52-week of $42.86, it closed down Tuesday
Shares of Equity LifeStyle Properties Upgraded Read More
Following up on a story MHProNews published Dec. 27, 2013 regarding the building of a modular housing development in Estevan, Saskatchewan, the Canada Mortgage and Housing Corporation (CMHC) announced that the Energy City’s vacancy rate had dropped to 0.0 percent in the spring of 2013, according to estevanmercury.ca, but a
Housing Shortage Continues in Estevan, Saskatchewan, Canada Read More
Members of First State Manufactured Housing Association (FSMHA) of Delaware donated thousands of dollars worth of food items to restock food pantries in Sussex and Kent Counties, according to capegazette.villagesoup.com. Held in conjunction with Caroling on the Circle in Georgetown DE, Todd F. Lawson, Sussex County administrator, says, “Caroling on
Food Pantries Stocked by Delaware’s Manufactured Housing Association Read More
U. S. stock markets will be closed Wed., Jan 1 in observance of New Years Day. Exchanges will reopen Thursday, Jan. 2 at 9 AM. (Image credit: New York Stock Exchange/Wikipedia–historic drawing)
Stock Markets Closed Jan. 1, 2014 Read More
MHProNews will launch it’s January 2014 issue on Thursday, January 2. Factory-built housing in general – and manufactured housing specifically – continues to go through significant changes, with three years of rising sales. New featured articles, 2 new exclusive interviews and much more will help you start out the new
Manufactured Housing’s New Year, 2014! Read More
The staff and families of Manufactured Home MSM/MHProNews wish you and yours a Happy, Healthy and Prosperous New Year. (Image credit: newyearssmwishes.com)
As nationalmortgagenews.com informs MHProNews, 84 of the largest 300 housing markets have regained 100 percent of home values since the housing bubble, accounting for nearly 30 percent of tracked markets. Only nineteen markets had a decline in home values, while the remaining markets showed a rise of 50 basis points.
Housing Market Recovery Spreads Read More
The Dow Jones Industrial Average ended the year at an all-time high for the 52nd time, while the S&P also finished the year in record territory. The Nasdaq settled at its highest level since 2000, as Wall Street overall had a banner year. CNNMoney reports the Dow moved up +72.37
Wall Street Celebrates Banner Year as Dow, Nasdaq and S&P Gain over 25 Percent Read More
Americans’ views of current economic conditions climbed higher than expected in December, gaining 6.1 points from the previous month to 78, hitting the highest consumer confidence level since April 2008, according to what Bloomberg reported on the Conference Board index. As unemployment falls and household finance rise, people become more
Consumer Confidence Hits High Mark in December Read More
Led by resident Brooke Mathers of Lazy Wheels Mobile Home Park in Bothell, Washington, over 90 residents of manufactured housing communities (MHCs) from around the state met with dispute resolution personnel from the Washington attorney general’s office, local officials, representatives of manufactured homeowners organizations and Linda Garcia, co-owner of Lazy
Manufactured Home Community Residents Air Complaints Read More
According to vancouversun.com, modular housing and container housing will continue to expand in Vancouver in 2014, but will be joined by other innovative styles including duplexes, coach houses and stacked housing. Row houses offer the individuality of being distinct from a condo, but as a high-density form, fit well in
Modular Housing Continues in Vancouver Read More
While converting shipping containers to homes has gained popularity in some circles, MEKA designs modular homes based on container-sized dimensions for ease of shipping, but without the hassle of cutting corrugated steel for doors, windows, plumbing, etc., according to treehugger.com. With a steel frame for support, MEKA builds modules from
MEKA’s Modular Housing Based on Container Dimensions Read More
CNNMoney has selected several cities where the housing market looks brighter than in other cities for the coming year. Oklahoma City has an unemployment rate of just 5.3 percent as of Nov., 2013, and home values have declined a mere one percent since 2009. Trulia reports 75 percent of homes
Five U. S. Cities with Expected Top Housing Market Growth Read More
Stocks were little changed in today’s trading, although the Dow posted its 51st record close of 2013, as all three major indexes celebrated dramatic gains for the year. CNNMoney reports the Dow Jones Industrial Average edged up +25.88 points, +0.16 percent, to close at 16,504.29. The Nasdaq lost -0.06 percent,
Dow Posts another New High; Sun Communities Nudges above the Tracked Stocks Horizon Read More
While a Bloomberg survey of economists predicted a one percent increase in pending home sales for November, the National Association of Realtors (NAR) reports the gain was 0.2 percent, the first in six months following a 1.2 percent drop in October. According to nationalmortgagenews, higher borrowing costs, tight lending standards
Pending Home Sales Inch Up Read More
As national elections loom in New Zealand, boosting the country’s housing stock is becoming a major battleground issue, according to stuff.co.nz. While both major parties agree more affordable housing is needed, their solutions differ. The Labour party’s approach is the government funding of 100,000 homes over the next ten years,
Modular Housing at Issue in New Zealand Elections Read More
Architect Christian Salvati is converting 16 shipping containers into six modular apartment units in New Haven, Connecticut, mounted on nine-foot pilings which allows for parking underneath. According to what Salvati tells nhregister.com, this will be the largest apartment building in the U. S. constructed of Cor-Ten steel. While the use
Modular Dwellings Constructed from Shipping Containers Read More
