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.
Stocks are off to a slow start this year with muted trading due in part to the heavy snow that has tied up the east coast, keeping some traders off the floor in the holiday-shortened week. CNNMoney reports the Dow moved up +28.64 points, +0.17 percent, to close at 16,469.99. […]
Equity LifeStyle Properties Leads Gains of most Tracked Housing Stocks Read More
The St. Gabriel City Council in Louisiana has imposed a 180-day moratorium on the siting of manufactured homes within the city limits so officials can develop rules and regulations regarding their placement. This comes in response to a recent spike in permit requests, according to what postsouth.com informs MHProNews, and
Moratorium Imposed on Manufactured Housing Read More
JLT & Associates of Grand Rapids, Michigan is merging with national manufactured home (MH) appraisal firm Datacomp and MHVillage, a major internet marketing website for manufactured homes in land lease communities. Appraising MH since 1987, Datacomp gathers information about home values and features of manufactured housing communities (MHCs), and maintains
JLT & Associates Merges with Datacomp and MHVillage Read More
Adding to the old and new mix of the Williamsburg section of Brooklyn, New York, is a 5,000 square-foot, single-family modular residence fashioned from 21 shipping containers, says ny.curbed.com. Architect LOT-EK reports the 25 X 50 foot building is cut diagonally at the top and bottom, and each level has
A Modular Growing in Brooklyn Read More
The Great Plains modular housing project in southeast Calgary, Alberta, Canada, built to house those displaced by the June 2013 floods is set to close in 30-60 days, according to calgaryherald.com. “It’s not a hard and fast date,” said government spokeswoman Trisha Anderson. “We’re not going to throw anyone on
Calgary, Alberta Canadian Modular Project Read More
The U. S. Maritime Administration’s cargo ship the Cape Ray is being readied to deploy to the Mediterranean where it will receive 700 tons of Syria’s chemical weapons stockpile, which it will then neutralize before being processed by commercial firms that deal with hazardous waste. Part of the preparation includes
Modular Housing on the High Seas Read More
Two thousand fewer Americans applied for unemployment benefits last week, moving the rate to a seasonally-adjusted 339,000, suggesting that hiring will remain steady and layoffs low. While employers have added an average of 200,000 jobs a month from August through November, driving the unemployment rate to a five-year low of
Unemployment Benefits Fall as Economy Expands Read More
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
