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.
The Minneapolis Multifamily Housing office, which serves people in the Dakotas, Iowa, and Wisconsin as well as Minnesota, will continue to offer financing, mortgage insurance and operating assistance to a variety of multifamily apartments, nursing homes and manufactured home communities, according to the Department of Housing and Urban Development. U. […]
HUD Retains Multifamily Housing Office Read More
Stocks slipped down towards the end of the trading day as investors learned sales on Black Friday were weaker than hoped for, pushing the three major indexes into the red zone for the first trading day of the month. CNNMoney reports the Dow Jones Industrial Average lost 77.64 points, -0.48
Major Indexes Slip; Cavco Falls 8.70 Percent Read More
According to Bank of the West Chief Economist Scott Anderson, many potential home sellers have been watching prices increase on homes, waiting for the right time to sell. He says, “If they see that softening in home prices, I think you will see more potential sellers jump into the market.
Housing Analyst: Balance Coming to Housing Market Read More
Updating a story MHProNews posted Nov. 8, 2013, Marcus & Millichap’s Cleveland office represented Melrose MHP LLC in closing the sale of five manufactured housing communities (MHCs) to real estate investment trust (REIT) UMH Properties for $11.8 million. According to rejournals.com, the homesites cost $22,736 per. UMH has been particularly
Seller Identified in Manufactured Housing Community Transaction Read More
Following an earlier story regarding Killam Properties of Canada’s sale of 2,308 New Brunswick manufactured housing homesites for $69 million, MHProNews has learned the buyer is Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN). The eleven communities, all in Atlantic Canada and primarily in scenic rural areas, include Pine
Manufactured Housing Community Buyer Identified Read More
Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from
Leadership Change at Killam of Canada Read More
MHProNews has learned the Municipal Planning Commission (MPC) for the District of Willow Creek north of Fort Macleod, Alberta, Canada has approved the application for a couple to move their 2,280 square foot modular home. North of Nanton, it is the second residence on the same parcel of land. Also
Manufactured Homes Moving in Canada Read More
While the New Orleans City Council is sparring with Sheriff Marlin Gusman over how large the new jail will be, debate is continuing over whether the sheriff (who is running for re-election) intended to comply with an ordinance that limits the number of inmates due to budgetary constraints. Inmates are
Modular Buildings House Inmates in the Big Easy Read More
Noting that Oklahoma City is the only larger metro area with a stable homeownership, HousingWire suggests that rural areas may be the next move to find affordable homes. Homeownership in New York is 53.9 percent, while in West Virginia, where the median home value is $98,300, it is 72.9 percent.
Homemownership Declining Read More
A shortened trading day resulted in stocks ending the month flat, as many traders took the day off, but November overall was a definite plus for the stock market. CNNMoney reports the Dow Jones Industrial Average lost 10.92 points, -0.07 percent, to close at 16,086.41 points. The Nasdaq advanced +0.37
Major Indexes, Tracked Housing Stocks End the Month Mixed Read More
The Woolrich area of South London, once thought of as a dangerous region, is experiencing an “embryonic reinvention” of housing under development, including 60 one and two-bedroom modular apartments with occupancy priority going to households working or living locally earning $62,000 to $81,000 annually. Woolrich Central is comprised of a
Redevelopment Includes Modular Apartments in London Read More
The New Hampshire Business Review tells MHProNews the New Hampshire Community Loan Fund (NHCLF) has helped over 100 manufactured home communities (MHC) convert to resident-owned cooperatives in the 30 years since the Sisters of Mercy invested their pension fund in the non-profit. The residents of the Meredith Trailer Park formed
Funder Celebrates 30 Years Supporting Community Cooperatives Read More
MHProNews has learned from tickerreport.com Universal Forest Products Inc. (UFPI) has declared a $0.21 per share semiannual dividend payable Sunday, Dec. 15th to shareholders of record Dec. 1, 2013. UFPI’s previous semiannual dividend was $0.20. On Oct. 23 analysts at Zacks upgraded shares of UFPI from “neutral” to “outperform” rating
Semiannual Dividend Declared by UFPI Read More
Killam Properties of Halifax, Nova Scotia, Canada has declared a dividend of $0.05 per share payable on Monday, Dec. 16, 2013 to investors of record on Friday, Nov. 29, 2013. According to tickerreport.com, analysts at Dundee Securities cut their price target on shares of Killam Properties from C$11.75 to C$11.50
Killam Properties Declares Dividend Read More
In honor of the Thanksgiving Day holiday, all U S. stock exchanges are closed.
U. S. Stock Exchanges Closed Today Read More
DesignMiami/ is an international marketplace of collectibles, lighting and objets d’art from around the world emphasizing museum-quality works as well as a broad spectrum of cultural programming with lectures and panels focused on the discipline of design. MHProNews has learned from miamiherald.com, this year’s inspiration comes in part from Miami’s
Modular Home Included in Pedigreed Showcase Read More
Canadian modular builder Britco has sent senior executive Chris Gardner with British Columbia’s Premier Christy Clark on a trade mission to China promoting B.C’s natural gas to the growing economies of Asia. Three liquid natural gas facilities will be working by 2020 which will generate thousands of construction jobs, and
Workforce Housing Developer Promoting Natural Gas in Asia Read More
After the former owners of the Anchor Bay Manufactured Housing Community (MHC) just north of Detroit, Michigan lost the 1,300-site community to the bank, J.D. Equity investors purchased it and have been generous in their support of the community. Most recently, according to voicenews.com, one of the investors (who wants
New Land Lease Community Owners very Generous Read More
Stocks continued their record-breaking run as all three major indexes closed higher, no doubt in anticipation of the combination of Thanksgiving and Chanukah—latkes and turkey. CNNMoney reports the Dow Jones Industrial Average gained +24.53 points, +0.15 percent, to close at 16,097.33 points. The Nasdaq advanced +0.67 percent, +27.00 points, to
Skyline Spikes, Cavco and Drew Advance Well; Major Indexes also Move up Read More
Three modular townhomes each with three bedrooms, 2.5 bathrooms and energy-efficient features will be sited Dec. 2 and 3 cross from the West Seattle Golf Course. Designed by Chris Pardo Design and built by Method Homes at their Ferndale, Washington plant, two of the units have a shared wall and
Upscale Modulars Rising in West Seattle Read More
