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.
A subsidiary of manufactured housing and recreational vehicle community owner Sun Communities, Inc. borrowed $141.5 million from Bank of America, split in to two loans. The $72.4 million Pool A Loan accrues interest at 4.89 percent annually, while the interest rate on the $69.1 million Pool B Loan is 4.90 […]
Sun Borrows Millions, Adds Board Member Read More
The owners of Santee Modular Homes, Inc. in Orange County, South Carolina protested the county council’s decision to award a contract for debris removal to an out-of-state company instead of their firm, Santee Debris Removal. As part of the Federal Emergency Management Agency’s (FEMA) guidelines for disaster preparation, local jurisdictions
Modular Home Builders Protest South Carolina Decision Read More
The National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), which recently replace NAHB’s improving market index (IMI), indicates markets in 56 of the 350 major metro markets returned to or exceeded their last normal levels of economic activity, indicating a net gain of two over the previous
Housing Market Gradually Picks up Steam Read More
Minutes from the most recent Federal Reserve meeting reveal only that the Fed wants to move cautiously in tapering its stimulus bond-buying program. Meanwhile, the three major indexes moved little in today’s trading as investors await Friday’s jobs report from the government, anticipating that hiring grew in December. CNNMoney reports
Skyline Corp. Leads the Housing Pack We Track–Again Read More
According to official statistics compiled on behalf of the U. S. Department of Housing and Urban Development (HUD), the Manufactured Housing Association for Regulatory Reform (MHARR) reports HUD-Code manufacturers produced 4,870 homes in November 2013, an increase of 11.5 percent over the 4,365 homes manufactured for the same period of
Production of HUD Code Manufactured Homes Continues to Rise Read More
A modular house for sale in Townsville, Queensland, Australia offers spectacular views of Cleveland Bay from every room as it rests on 18 large steel pins drilled 20 feet into the rock foundation below. “It’s a very strong design because all of the columns work in unison, like spokes on
Modular Home built into Steep Cliff Read More
In discussing the feasibility of a possible bid for the 2024 Summer Olympics, a Boston committee focusing on infrastructure and transportation has suggested modular construction for housing the 16,000 athletes as well as for the 80,000 seat Olympic Stadium, an aquatics center and a velodrome for indoor cycling. As masslive.com
Modular Housing could Facilitate Olympic Bid Read More
A monthly housing survey indicates half of the respondents are optimistic about obtaining credit for a mortgage, an increase over the 45 percent who felt that way one year ago, despite the recent rise in mortgage rates. This survey from December marks the highest sentiment of respondents since Fannie Mae
Americans’ Optimism Grows about Housing Market Read More
UMH Properties, Inc., a real estate investment trust (REIT) operator of manufactured housing communities, has filed an 8-K disclosure form with the Securities and Exchange Commission (SEC) to report the change of an officer. Allison Nagelberg has served as the General Counsel of UMH and its affiliate, Monmouth Real Estate
Leadership Changes at UMH Properties Read More
An analysis by Fannie Mae of its 2013 National Mortgage Survey reveals lower income borrowers are more apt to rely on advice from others, such as real estate agents and/or friends and family to determine what mortgage to choose and how much to borrow. They want loan terms and costs
Online Shopping will Play Larger Role in Choosing Mortgages Read More
According to CoreLogic, home prices in the U. S. rose 11.8 percent in November, 2013 compared to Nov. 2012, marking the 21st consecutive month of yearly increases. “Our pending HPI (Home Price Index) projects that home prices will grow by 11.5 percent for the full year 2013,” Dr. Mark Fleming,
CoreLogic: Housing Market will Cool in 2014 Read More
Although minutes from the Federal Reserve’s last meeting of 2013 are due out Wednesday, and the government’s December jobs report will hit the streets Friday, investors were encouraged enough by news of a narrowing U. S. international trade gap in November to push the Dow above 100 points in today’s
Skyline, Sun Rise; Dow Advances over 100 Points Read More
Councilman Raymond “Shoe-Do” Lewis of the New Iberia, Louisiana City Council asked for support of the council in June, 2013 to amend an ordinance permitting manufactured homes (MH) to be sited in R-3 areas in the city, but did not receive a second to his motion. As iberianet.com tells MHProNews,
Allowing Manufactured Homes in Town would Increase Needed Revenue Read More
Manufactured housing community (MHC) owner Inspire Communities of Gold River, California has acquired Quail Ridge Estates of Lake Charles, Louisiana. An all-age community, Quail Ridge was 89 percent occupied at the time of acquisition in Q4, 2013, and has 373 home sites set on 82 acres and features several recreational
Inspire Acquires Manufactured Housing Community in Louisiana Read More
As pressrepublican.com tells MHProNews, the proposal for a 250-lot residential development on 95 acres in Plattsburgh, New York includes manufactured and modular homes in addition to stick-built dwellings. Chris LaBarge of Peryea-LaBarge Real Estate will submit a request to the Town Council under Planned Development District rules that restricts the
Housing Development set to Include Manufactured and Modular Homes Read More
According to Harvard University’s Joint Center for Housing Studies, over 11 million renters with minimum wage incomes of $19,000 competed for 6.9 million affordable apartments in 2011. Renters with annual incomes of $15,000 must find a unit for $375 a month for it to be affordable. The center considers housing
Rental Costs Rise Faster than Incomes Read More
Single-family residential construction rose nearly two percent in November to a seasonally-adjusted rate of $175 billion, $3 billion more than in October, according to information derived by nationalmortgagenews.com from Census Bureau data. Compared to a year ago, spending on land development and home building rose rose almost 17 percent from
Residential Construction Posts Highest Level in 5 1/2 Years Read More
The first full week of the New Year began with modest losses on the part of all three major indexes as investors started with cautious selling. CNNMoney reports the Dow edged down -44.89 points, -0.27 percent, to close at 16,425.10. The Nasdaq lost -0.44 percent, -18.23 points, to finish at
Skyline the only Tracked Housing Stock that Gains; Three Major Indexes Slip Read More
Two town board members of Sylva, North Carolina are reconsidering a 15 year-old ban on siting single-section manufactured homes outside of manufactured housing communities (MHCs), saying it may be unfairly punishing people of modest means. Board member Mary Gelbaugh says, “We are trying to make housing available, and I’m worried
Town Reconsidering Ban on Manufactured Homes outside Communities Read More
Shirley Checca, of Stafford, Virginia, wife of Laurence Checca, Virginia Manufactured and Modular Housing Association (VAMMHA) past president and Hall of Fame member, passed away Jan. 2, 2014. Former teacher, United Airlines flight attendant and beauty consultant, she passed away peacefully at her home. MHProNews extends its deepest condolences to
Passages—Shirley Checca Read More
