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.
JagsReport says Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for stockholders of record Dec. 31, 2012, payable January 18th, 2013. As MHProNews reported here Oct. 1, 2012, this is the same dividend amount as for Q3 2012, and represents an annualized dividend of $2.52, and […]
Sun Communities Declares Dividend Read More
HousingWire reports a survey by Trulia revealed the Millennials, the 18-34 age group, were more optimistic than three older age groups that conditions will be conducive for them to purchase a home. ( See chart below.) MHProNews has learned the survey showed 31 percent of renters plan to buy a
Millennials Looking at Homeownership Read More
According to houstonculturemap, a vintage modern 1954 house birthed in the prosperity of Houston’s post-war oil-rich Texas is being restored after decades of neglect. Technically-advanced for its time, the home was constructed with intercoms in every room, open spaces that flowed into each other, and a wall of window frames
1950’s “High-Tech” Home being Restored Read More
The New York Stock Exchange will be closed today in celebration of the Christmas Holiday. The market will re-open tomorrow at 9 AM. (Photo credit: Wikipedia)
U. S. Markets Closed Read More
After analyzing 177 metro areas, real estate analyst Zillow tells HousingWire 75 percent showed home value gains in 2012. For the five years from 2007 to 2011 home values dropped each year, the largest occurring in 2008 when home values declined $3.2 trillion. This year the value of homes is
Home Values Finally Show Gain Read More
HousingWire says real estate guru Trulia tells MHProNews the housing industry is 51 percent back to normal, four percent better than last month. Trulia’s barometer is based on construction starts, existing home sales, and delinquencies combined with foreclosures compared to the worst point to the housing crisis. Housing starts were
More Housing Market Good News Read More
While Republicans and Democrats continue squabbling over the impending fiscal cliff, the Mortgage Forgiveness Debt Relief Act of 2007 is due to expire at the end of the year, which would cause homeowners to begin paying taxes on the part of their mortgage that is forgiven in a short sale,
Letting the Act Expire Could Cost Underwater Borrowers Read More
U.S. stocks dropped in a short trading session before the Christmas holiday today as fears persist the president and Congress will not resolve the fiscal cliff crisis before the year’s end. CNNMoney reports the Dow Jones Industrial Average fell -0.39 percent, -51.76 points, ending the day at 13,139.08. The Nasdaq
Christmas Eve Brings Little Cheer to Stocks Read More
The Department of Housing and Urban Development (HUD) announces it has awarded $26 million in grants to the owners of non-profit owners of multi-family housing developments to convert their units into dwellings outfitted to accommodate the needs of the elderly seeking to age in place. With funding from HUD’s Assisted
Funding for Senior Affordable Housing Read More
The Freedom of Information Act (FOIA) request the Manufactured Housing Association for Regulatory Reform (MHARR) filed to obtain some 1,000 pages of material relating to HUD’s in-plant expansion regulations initially prompted HUD to respond with a cost over $25,000 paid beforehand to process the request. MHARR challenged HUD to produce
MHARR Presses HUD on FOIA Request Read More
Updating a story we ran Dec. 12, 2012 concerning Sun Communities, Inc.’s acquisition of 11 Morgan RV Resorts for $135 million, one of the properties is Peters Pond RV Resort in Sandwich, Mass. which has had some recent troubled times. Cape Cod Times tells MHProNews Morgan’s principal, Robert Moser, and
Mass.’ Peters Pond on Sun’s Buy List Read More
Casa Grande Dispatch says Sun Communities, Inc. is acquiring Palm Creek Golf & RV Resort in Casa Grande, Arizona from the Wolfswinkel family, who started the community more than 13 years ago. In a letter to residents, Ashton Wolfwsinkel says, “We believe that this is in not only the best
CNNMoney reports data for November, 2012 from the U.S. Commerce Dept. says personal income rose 0.6 percent during the month while spending increased 0.4 percent and the rate of savings moved up from 3.4 percent in Oct. to 3.6 percent in Nov. While Hurricane Sandy led to a drop in
Income, Spending Rise in Nov. Read More
Although the three major indexes closed up for the week, they all dropped just under one percent over nagging concerns abut the fiscal cliff the country gets closer to each day. CNNMoney reports the Dow Jones Industrial Average fell -0.91 percent, -120.88 points, ending the week at 13,190.84. The Nasdaq
Three Indexes Drop, Housing Stocks Mixed Read More
WDSU-TV tells MHProNews a manufactured home was blown onto Interstate 10 in southern Louisiana at the foot of the Twin Span, a major thoroughfare over Lake Pontchartrain that connects New Orleans and Slidell, LA. The driver said he was coming down off the bridge when a huge gust of wind
High Wind Turns Manufactured Home into Roadblock Read More
ConstructionWeekOnline tells MHProNews Hawthorn Brook Group, which originally specialized in producing horse stables, is now also focusing on modular housing, and received its first contract in the region in Bahrain through its association with the Gulf Cooperation Council. Hawthorn’s Brian Fox says, “ Our products have a potential energy saving
Ireland Sends Modular Homes to Middle East Read More
Capeazettevillagesoup says First State Manufactured Housing is once again offering $2,000 college scholarships to Delaware students who have lived in a manufactured home for over one year. Applicants will be judged on scholastic record, financial need, a 500 word essay and personal recommendations, and must file the Free Application for
First State Offers Scholarships Read More
According to the National Association of Realtors (NAR), the annual pace of 5.04 million existing homes sold in Nov. 2012 exceeded experts prediction of 4.9 million, and rose above the 4.76 million sold in Oct. and the 4.39 million in Nov. 2011. CNNMoney says it was the highest level since
Existing Home Sales Increasing Read More
According to originationnews, for the week ending Dec. 20 Freddie Mac says the average rate for a 30 year fixed-rate mortgage (FRM) rose by five basis points to 3.37 percent while the average 15-year FRM dropped one point to 2.65 percent. The average rate for a five-year Treasury-indexed hybrid adjustable
Average 30-year FRM Rises Read More
