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.
Updating a story MHProNews posted Oct. 21 regarding a tax increase to pay for relocating manufactured home residents who live dangerously close to a runway at Fairchild Air Base in Spokane, Washington, the city council voted 4-1 to raise county property taxes 6.3 cents per $1,000 valuation for Proposition 1. […]
Council Approves Tax to Move Manufactured Home Residents Read More
While home prices and sales slid nationally, as MHProNews reported here yesterday, Oct. 21, existing home sales in the 13 county metropolitan area of Indianapolis rose 13.3 percent over last Sept., but it was the slowest growth month of 2013. The next slowest month was August with 14.5 percent over
Home Sales Continue Upward in Indianapolis Read More
Time magazine reports a former Austin, Texas developer of high end houses now blogs about his small homes built from salvaged materials. Brad Kittel, owner of Tiny Texas Houses, who has built around 75 tiny homes of 400 square feet, ranging from $20,000 to $40,000, now plans on building a
Will Texans Take to Tiny Homes? Read More
Home prices and sales dropped in September, according to what the National Association of Realtors (NAR) tells nationalmortgagenews. As mortgage rates hovered around 4.5 percent and inventories remained low, sales of existing single-family homes dropped to a seasonally adjusted annual rate (SAAR) of 5.3 million, down from 5.4 million in
Sales and Home Prices Slide in Sept. Read More
Investors took a step back after last week’s run-up, digesting corporate returns and economic indicators, leaving the three major indexes to move little either side of the line. CNNMoney reports the Dow Jones Industrial Average edged down -7.45 points, -0.05 percent, to end the day at 15,392.20. The Nasdaq advanced
Stocks Begin the Week Sluggish Read More
Swiss photojournalist Frimmel Smith, working in collaboration with the American Institute of Architecture (AIA), interviewed people who choose to live in manufactured housing, creating a traveling exhibit titled “Wheel People” in 1998-99. In cooperation with the RV/MH Hall of Fame and Museum and many state associations, she traveled an entire
New Historical Exhibit Donated to RV/MH Hall of Fame and Museum Read More
Zolmax.com reports Equity LifeStyle Properties, Inc. (NYSE:ELS) will announce its financial results for the third quarter of 2013 Tuesday, Oct. 22 during a conference call at 11 AM. Analysts anticipate ELS will post earnings of $0.38 per share and revenue of $173.38 million for Q3. With a market cap of
ELS to Announce Financial Results for Q3 Read More
Following up on a story MHProNews posted Oct. 15 concerning The Carlyle Group’s acquisition of two Florida manufactured housing communities (MHCs), arabianbusiness.com reports Abu Dhabi’s Mubadala Development Group owns 7.5 percent of Carlyle. Based in Washington, this is Carlyle’s first foray into MHCs, and is paying $30.5 million for the
U. S. Land Lease Communities attracting Foreign Investors Read More
Just as a property tax increase goes before voters to relocate manufactured housing communities away from Fairchild Air Force Base in Spokane County, Washington, the base commander issued a statement that the communities are in an “accident potential zone” that is incompatible with Air Force operations. The 188 homes are
Manufactured Housing Communities in Danger Zone Read More
The owners of Hall Wines in Napa Valley, California purchased the 18 homesite Vineland Vista Mobile Home Park in 2008 with plans to redevelop the space, finally closing it in 2012 after legal wrangling with tenants, according to napavalleyregister.com. Providing the Napa Valley Planning Department approves a use-permit modification and
Vintners Replace Manufactured with Modular Housing Read More
The Buena Vista Mobile Home Park in Palo Alto, California, currently home to 104 factory-built homes, and recognized in the city’s comprehensive plan as one of the largest sources of low-income housing, may be sold for over $30 million if owners Toufic and Eva Jisser’s plan is approved by the
California Land Lease Community on Track to Convert Read More
With the government crisis in the rear view mirror, all three indexes ended the week on a positive note, as the S&P once again set a new high. CNNMoney reports the Dow Jones Industrial Average moved up +28.00 points, +0.18 percent, to end the day at 15,399.65. The Nasdaq advanced
All Tracked Housing Stocks Gain except one; S&P Climbs to New High Read More
Drew Industries, Inc. (DW) will release its Q3 2013 financials on Fri., Nov. 1 before the market opens, followed by a conference call at 11 AM the same day to discuss the results. A question and answer session of the call will be limited to institutional investors and analysts. As
Drew to Release Financials Read More
The Mortgage Bankers Association (MBA) reports last year 2,083 multifamily housing lenders provided $146.1 billion in new loans to apartment buildings with five or more units, representing a 33 percent gain from 2011. The mortgages went to a variety of investors, the biggest dollar volume share, 40 percent, going to
Multifamily Building Spikes in 2012 Read More
DJ Pendleton, executive director of the Texas Manufactured Housing Association, says on Oct. 1 the Consumer Financial Protection Bureau (CFPB) clarified the rules defining what is considered a mortgage loan originator and what is not. A retail employee can only provide general information about buying a manufactured home. A more
Will the CFPB Please Stand for Affordable Housing? Read More
Doug Duncan, Fannie Mae’s chief economist, says the recent turmoil in the nation’s capital may impact consumer confidence but he does not anticipate it will have a lasting impact on the housing recovery. While Duncan sees consumer spending as being more modest in the third quarter, he says interest rates
Economic Housing Activity Stymied by Shutdown Read More
Canada’s Killam Properties Inc (TSX:KMP) reports its board of directors has declared a monthly dividend of $0.04833 per common share to be paid on Nov. 15, 2013 to shareholders of record Oct. 31, 2013. Killam’s Dividend re-investment plan (DRIP) allows shareholders the opportunity to re-invest their dividends in additional common
Killam Declares Quarterly Dividend Read More
The residents of King George Mobile and RV Park in Surrey, British Columbia, Canada are weary of the community deterioration and lawlessness that the owner allegedly ignores, and have begun a petition to have the Manufactured Home Park Tenancy Act altered so a percentage of rent monies go towards upkeep
Residents Complain of Community Decline Read More
The S&P vaulted to a record high in today’s trading the day after lawmakers finally decided to reopen the government, but the Dow Jones Industrial Average was set upon by the weakness of corporate earnings by heavyweights IBM, Goldman Sachs and United Health, pushing down the Dow -0.01 percent, -2.18
UFPI Stock Surges; S&P hits New High Read More
When hearing of the need of older military veterans for housing, former Green Beret and successful home builder Richard Simonian took up the challenge and now has 7,000 homesites in 40 manufactured housing communities across the western U. S. that openly caters to veterans. As lakecountrysun.com reports, John Stryker Meyer,
Builder Provides Manufactured Housing for Fellow Vets Read More
