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 riograndesun informs MHProNews the Rio Arriba County Commissioners in New Mexico have adopted a resolution that would require manufactured home owners to obtain a tax certificate before moving their homes. While public hearings would be held before the the measure becomes law, the resolution would assess a $10 tax […]
County Tries to Catch the Scofflaws Read More
Not much was moving on the U. S. stock market today, although the Dow nearly flirted with 15,150 early this afternoon but settled at 15,082.62, dropping -0.15 percent, -22.5 points. Meanwhile, CNNMoney reports, the Nasdaq slid -0.12 percent, -4.10 points, to finish at 3,409.17, while the S&P lost -0.37 percent,
Major Indexes Drift Downward; Housing Stocks Close Mixed Read More
As follow-up to a post MHProNews published April 8, 2013 about Lippert Components, Inc. requesting a tax break for expanding its operations at three plants in Goshen, Ind., according to the Goshen News approval came from the Goshen City Council May 7 for tax phase-ins. Component supplier to the manufactured
City Council Approves Tax Breaks Read More
The industryandtechnologytimes informs MHProNews Japanese builder Kase Sogo will partner with S. Korea’s G. S. Architects & Associates to establish modular home builder Kase Co. in Korea. Model homes will be built near temples in Seoul and Gyeonggi Province, although customization is also available. A Kase Co. official said, “Given
Modular Homes Expanding into Korean Market Read More
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013, from $2,738,000 to $5,254,000, from $0.18 a diluted share in Q1 of last year to $0.30 per diluted share Q1
UMH Revenues Nearly Double Read More
HousingWire tells MHProNews that the most recent CoreLogic home price index spiked 10.5 percent nationally, the 13th consecutive monthly increase in home prices nationally. “For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year,” said
CoreLogic reports Home Price Jump Read More
According to cbsnews, a report based on recent data from the Census Bureau American Community Survey states that the percentage of renters paying over 50 percent of their income increased from 22.8 percent to 26.4 percent. The foreclosure crisis, falling home prices, and tighter credit drove former homeowners into rentals
Falling Income may Stall Recovery Read More
From down under MHProNews has learned Australian companies Elenberger Fraser and Unitised Building have developed a residential, modular building system suitable for a skyscraper as well as a stylish single-family home. According to gizmag.com, in order to eliminate waste, the dimensions of the prefab building blocks, termed Klik, take into
Klik Building System Simplifies Construction Read More
Better-than-expected corporate earnings and momentum from last week’s positive jobs report propelled U.S. stocks today, pushing the Dow and the S&P 500 to record highs in hump-day trading. CNNMoney reports the Dow Jones Industrial Average gained +0.32 percent, +48.92 points, to end the day at 15,105.12. The Nasdaq gained +0.49
Dow, S&P Set New Highs; Deer Valley and Louisiana Pacific Advance Read More
Robeson County, North Carolina manufactured home dealer McMillan Properties has been banned from doing business by Attorney General Roy Cooper for selling substandard homes and homes that were never delivered. According to what carolinalive tells MHProNews, 52 consumers in the Robeson County area have filed complaints against Bradley and Sherry
Company Banned from Dealing in Factory-built Homes Read More
NASDAQ says Louisiana Pacific Industries, Inc. (LPX) reports in the first quarter of 2013 adjusted earnings per share of $0.41 from continuing operations, in line with Zacks Consensus Estimate, and a strong turnaround from the six cent loss per share for the same period in 2012. Net sales for Q1
Louisiana Pacific Industries Sales Rise 48.6% over Q1 2012 Read More
According to Easier.com, the continuing housing shortage in western North Dakota due to the Bakken Formation oil boom has led to another player in housing market development. Property Horizons Director and Founding Partner Robert Gavin explains, “There are 15,000 oil workers and rising in North Dakota. Many have families who
Corporate Modular Homes Building in North Dakota Read More
The lowellsun informs MHProNews Massachusetts Attorney General Martha Coakley is supporting legislation to establish a dispute resolution process between residents and owners of manufactured housing communities, streamline community rules approval, and require certificates verifying the water and sewer systems are in working order. Appearing before the Joint Committee on Housing
Bill would Require Water Inspections Read More
MHProNews has learned from the columbiamissourian, the Columbia City Council of Columbia, MO has voted to annex 25.2 acres occupied by the High Hill Circle land lease community which will add to the city’s affordable housing stock. City zoning is essentially the same as in the county, and will not
Community will be Annexed into the City Read More
Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by
Co-op Assumes Responsibility for Managing Community Read More
MarketWatch informs MHProNews private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden L. Rudoph to the post of Vice President, Asset Management. A senior associate since June 2011, Rudolph has been involved in acquisitions and asset management, and was involved in the company purchase
Green Courte Promotes Rudolph Read More
The U. S. stock market had a banner day today after the Dow closed above 15,000 for the first time ever and investors drove the S&P 500 to another new high. CNNMoney reports the Dow Jones Industrial Average gained +0.58 percent, +87.31 points, to end the day at 15,056.20. The
Dow, S&P set Records; Cavco Gains most of Tracked Stocks Read More
The U. S. Department of Housing and Urban Development (HUD) has announced it will sell approximately 20,000 severely delinquent mortgage loans insured by the Federal Housing Administration (FHA) in an attempt to reduce the shadow inventory and hone in on areas showing high foreclosure activity. Through its Distressed Asset Stabilization
HUD Hopes to Reduce Shadow Inventory Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) reports the number of U. S. housing markets experiencing sustained growth fell from 273 in April to 258 in May, representing all 50 states and the District of Columbia. The IMI measurement is based on areas that show
New Home Growth Slips Read More
According to northbaybusinessjournal in Calif., Santa Rosa-based HybridCore Homes is designing the first phase of an 81-unit modular apartment complex in Williston, North Dakota, where the Bakken Oil Field has created a large demand for housing. The second phase calls for an additional 324 apartments. The name refers to the
Modular Builder Holding Workshops on Construction Read More
