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.
Following up on a post MHProNews last published April 8, 2013 regarding a lawsuit filed against an MHC owner for allegedly violating Penn. law requiring payment relocation expenses to residents of communities that close, realestaterama says Attorney General Kathleen G. Kane has settled with the owners. Kenneth Mayes, II and […]
Attorney General, Community Owners Settle Suit Read More
U. S. stocks slid as markets were down around the world, led by the Nikkei in Japan. The Dow had fallen steeply at the beginning of the trading session but recovered to finish with a minor loss. CNNMoney reports the Dow Jones Industrial Average fell -0.08 percent, -12.67 points, to
Three Major Indexes Slide; Cavco Rises, Deer Valley Drops Read More
MarketWatch reports senior executives of MHC owner UMH Properties, Inc. will present at this year’s National Association of Real Estate Investment Trust’s (NAREIT) REITWeek Investor Forum June 5, 2013. Held at the Hilton Chicago, as MHProNews has learned independently, Northstar Realty Finance Corp. will also be among the presenters at
MHC Investors to Present at Forum Read More
Following up on a post from yesterday, May 22, about the three-story disaster housing by Garrison Architects New York City has chosen to meet emergency needs, treehugger compares shipping containers to modular housing, much as NYC did. Shipping containers can be easily stored for a dollar a day, stack 16
Catastrophe Housing—Containers or Modular? Read More
The National Association of Home Builders (NAHB) reports the inventory of newly-built homes because of the recession has led to both houses of Congress with legislation seeking to resolve some ongoing credit access problems for builders. S. 1002 Senators was introduced by Robert Menendez (D-NJ) and Johnny Isakson (R-Ga). Similar
Bipartisan Legislation will Ease Credit Access Read More
MHProNews has learned from CNNMoney the National Association of Realtors (NAR) released figures today that show total home sales rose 0.6 percent in April to just under an annual pace of five million, up nearly ten percent from a year ago. Lawrence Yun. Chief economist for NAR, noting consumer traffic
Total Home Sales Rise in April Read More
Following an article MHProNews posted April 1 regarding Clayton Homes CEO Kevin Clayton partnering with teacher Patricia Bradley to open a STEM school (science, technology, engineering, and math), knoxnews says classes are on track to start July 19, with Bradley as principal. The Clayton-Bradley Academy will begin with 140 students
Clayton-Bradley Academy Opens July 19 Read More
Investors got mixed messages from the Federal Reserve, causing them to back off from the market today after earlier hitting new highs, sending the three indexes into the red. CNNMoney reports the Dow Jones Industrial Average fell -0.52 percent, -80.41 points, to close the day at 15,307.17. The Nasdaq dropped
Tracked Housing Stocks Range Widely:Skyline Rises, Cavco, LPX Drop Read More
According to the nypost, New York City has chosen a three-story, three-unit emergency modular housing prototype, complete with balconies, to be sited next to the Office of Emergency Management in Brooklyn. The upper two floors are 822 square-foot, three-bedroom units with a 480 square-foot handicap accessible apartment on the first
Modulars will be Equipped, Shipped and Clipped Together Read More
According to what multihousingnews tells MHProNews, Jonathan McClellan and Kyle Baskin of Marcus & Millichap Real Estate Investment Services have been named senior directors of the company’s National Manufactured Housing Group. Since joining the Cleveland, Ohio firm in 2006, McClellan has closed on 48 transactions totaling over $148.5 million, according
Marcus and Millichap Promotes Two Read More
As follow-up to a story we posted April 18, 2013 concerning property tax rates in Iowa, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) informs MHProNews if SF 295 passes, property taxes on land lease communities will fall. The current rate is 100 percent of assessed value. With passage,
Iowa Measure will Reduce MH Property Taxes Read More
NewsChannel34 reports the city of Binghamton, New York partnered with city, state and private sources to acquire and demolish four blighted homes and replace them with three affordable, energy-efficient, single-family modular homes at a cost of $700,000. Community housing developer First Ward Action Council’s (FWAC) Executive Director Jerry Willard says,
Three New Modular Homes Coming Read More
MyMotherLode tells MHProNews Columbia Mobile Home Park in Columbia, Calif. east of San Francisco, may lose its water and sewer service June 5 unless a $17,884.35 overdue bill is paid. A notice to that effect was posted May 21 at the community which has 63 homesites, 13 of which are
Water Set to be Shut Off Read More
KnoxNews informs MHProNews Miss Kay and Phil Robertson, stars of the A&E reality TV show “Duck Dynasty” have signed an agreement, along with Phil’s brother, Si, to do a series of commercials promoting Clayton Homes. “What do I know about Clayton Homes?” Phil Robertson asked. “I know they’re built right
Clayton Hires Reality Stars for TV Spots Read More
According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by Hispanics, generating over $500 billion in home sales. An additional $233 billion in commissions, fees and spending connected to home-ownership would further
Immigration Reform Could be Boon to Housing Industry Read More
Investors, hearing that the Federal Reserve may continue its Quantitative Easing policy, sent the Dow and the S&P to new highs during today’s trading session. CNNMoney reports the Dow Jones Industrial Average gained +0.34 percent, +52.3 points, to close the day at 15,387.58. The Nasdaq advanced +0.16 percent, +5.69 points,
Dow and S&P Hit New Highs; Tracked Housing Stocks Mixed Read More
As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet:
Cavco to Announce Quarterly Earnings Report Read More
MHProNews has learned from The Jerusalem Post the 50 families forcibly removed from the Migron outpost in the West Bank of Israel due to a ruling by the Israeli High Court of Justice have been relocated to modular homes a mile and-a-half away. The court ruled the land belonged to
Settlers Moved to Modular Homes Read More
According to gwdtoday, the Greenwood City Council in Greenwood, South Carolina unanimously approved the rezoning of property along Beadle Ave. from R7 (high-density residential) to RM7 (high-density residential manufactured housing). The owner of the property intends to place modular homes on the site. Several members of the council noted it
Zoning Changed to Allow MODs Read More
Ahead of official forecasts by the National Association of Realtors (NAR) and the Commerce Dept., nationalmortgagenews informs MHProNews a survey of economists by Bloomberg reports new and existing home sales rose to a seasonally-adjusted-annual-rate (SAAR) of 5.41 million in April. This marks the highest number since Nov. 2009 when the
Housing Economists Project Positive News Read More
