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 one-time drug dealer who built a profitable music business from his illegal gains and served three years in prison has rebounded back into the music business, very successfully, and is now promoting a modular home production facility that will revitalize a distressed community, according to post-gazette.com. Lee Davis cut […]
Former Felon Bringing Modular Home Business to Neighborhood Read More
Schaeffer’s Investment Research reports the Dow has gained 68 percent of the time each Christmas week for the last 100 years, and this year is no exception, as Santa continues to deliver good news to investors. CNNMoney reports the Dow Jones Industrial Average gained 122.33 points, +0.75 percent, to close
Patrick Industries Advances; Santa Continues Delivering to Investors Read More
The new developer of Georgetown Estates in Georgetown County, South Carolina has requested his proposal to alter the content of the development to include factory-built homes be put on hold by the county planning commission. The original plan included 214 single-family and patio homes on lots ranging from 6,000 square
Manufactured and Modular Home Development Shelved Read More
While lenders who make qualified mortgages that must conform to certain criteria have greater legal protection than those loans that do not, the Consumer Financial Protection Bureau (CFPB) published a factsheet that states, “We will stand with borrowers and homeowners to ensure financial institutions treat them properly. Borrowers who fall
Non-Qualified Mortgages: A Tightrope for Lenders? Read More
Home prices rose 0.5 percent in October over the previous month, according to nationalmortgagenews.com, as prices climbed 8.2 percent year-over-year, based on data from the Federal Housing Finance Administration (FHFA). Investors have reduced the inventory of distressed properties as mortgage rates rise, and gains in employment are attracting more home
Traditional Home Buyers Returning to Market as Investors Leave Read More
Following up on a story MHProNews posted Dec. 24, 2013 regarding a family in Kansas who requested a variance to allow them to temporarily site a manufactured home on their property while their fire-damaged home was rebuilt, the request was approved, according to cjonline.com. Randall and Monica Rose and their
County Commission Approves Manufactured Home Request Read More
Following up on a story MHProNews posted Nov. 23, 2013, Sanford, North Carolina modular home builder Homes by Vanderbuilt reached out this Christmas season to their online social network community and raised $1,000 for the global nonprofit Toys for Tots campaign. This marks the third year the company has participated
Modular Builder Vanderbuilt Raises Funds for Toys for Tots Read More
The staff and families of Manufactured HomeMSM/MHProNews wish you and yours a very Merry Christmas and Joyful Holiday Season. (Image credit: phinesandferb.com–wikipedia)
As follow-up to a story MHProNews posted Dec. 18, 2013, metronews.ca in Canada reports Killam Properties, Inc. (TSX:KSM) of Halifax, Nova Scotia has increased its monthly dividend from $0.04833 cents per share to $0.05 per share. On an annual basis the increase works out to be from $0.58 to $0.60
Killam Properties Increases Dividend Read More
The businessreport.com says new manufacturing facilities and plant expansion projects totaling upwards of $60 billion are planned through 2016 in the Baton Rouge area, requiring an uptick in housing demands. Al Bargas of Associated Builders and Contractors Pelican Chapter says, “The workforce is expected to increase by some 35,000 people,
Modular Workforce Housing needed in Louisiana Read More
In observance of the Christmas holiday, all U. S. stock markets will be closed today, December 25.
In a shortened trading session on Christmas Eve, despite many traders away for the holiday, the Dow and the S&P managed to post new record highs, and the Nasdaq closed in positive territory as well. CNNMoney reports the Dow Jones Industrial Average gained 62.94 points, +0.39 percent, to close at
Nobility Homes Spikes; Dow and S&P Post New Highs Read More
The National Association of Home Builders (NAHB) reports sales of newly-built single-family homes fell 2.1 percent in November to a seasonally-adjusted annual rate (SAAR) of 464,000 units. According to data released by the U S. Census Bureau and the Department of Housing and Urban Development (HUD), this follows an upwardly
New Home Sales Slide in November Read More
Northstar Realty Finance Corp (NYSE:NRF) has announced the closing of $345 million of an approximately $400 million manufactured housing (MH) portfolio comprised of 16 manufactured housing communities (MHCs). Located primarily in Colorado and Texas, this purchase adds 5,900 homesites to the company’s stable. As einnews.com informs MHProNews.com, this REIT’s (real
Northstar Realty Acquires Manufactured Housing Portfolio Read More
The Commerce Department reported that sales of durable goods spiked 3.2 percent in November, well above the two percent economists had predicted. A measure of planned business spending for capital goods marked its biggest gain in nearly a year in November, which indicates growth into next year. While sales of
Housing Market Continues to Support Economic Recovery Read More
While the previous story MHProNews posted questions the rationale of the Federal Housing Finance Administration’s (FHFA) desire to raise certain mortgage fees for Fannie Mae and Freddie Mac-backed mortgages, incoming director of the FHFA, Mel Watt, says he will postpone the fees and possibly cancel them altogether. Set to take
Incoming FHFA Director Mel Watt to Sideline Planned Fee Increase Read More
Industry groups are questioning the Federal Housing Finance Administration’s (FHFA) raising of fees as a means to encourage private capital back into the mortgage market. The National Association of Realtors (NAR) president Steve Brown says homebuyers are being charged excessive fees “due to questionable agency goals.” The FHFA intends to
Will Raising Mortgage Fees Bring Back Private Capital? Read More
The Shawnee County Commission in Kansas just south of Topeka is considering a zoning exception to allow temporary siting of a manufactured home (MH) for a family whose home was seriously damaged by a fire. The family, whose property is zoned rural agricultural, need to be close in order to
Family Seeks Temporary Siting of Manufactured Home Read More
UMH Properties, Inc. (UMH) will be presenting at the 2014 Sidoti & Company’s Annual New York Micro-Cap Conference, Monday, Jan. 13, 2014. Held at the Grand Hyatt in New York City, UMH’s Chairman of the Board Eugene W. Landy and President and CEO Samuel A. Landy will offer an overview
Eugene Landy and Samuel Landy will discuss UMH in Jan. 2014 Read More
Investors responded positively after the head of the International Monetary Fund, Christine Lagarde, was upbeat about the growth of the U. S. economy in 2014, sending the Dow and the S&P to new record highs, and the Nasdaq to a fresh 13-year high. CNNMoney reports the Dow Jones Industrial Average
Louisiana Pacific Gains; Dow and S&P Mark New Highs Read More
