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.
According to the Fannie Mae October National Housing Survey of 1,000 Americans, 50 percent expect home rental costs to increase, providing more incentive to buy a home. RealtorMag tells MHProNews the survey revealed 72 percent of respondents say now is a good time to purchase a home, while only 18 […]
Survey Says Good Time to Buy Read More
U.S. stocks dropped over one percent as fears over the impending fiscal cliff and renewed fighting in the Middle East provoked a sell off of stocks by investors. CNNMoney reports the Dow Jones Industrial Average lost -1.45 percent, -185.23 points, closing at 12,570.95. The Nasdaq dropped -1.29 percent, -37.08 points
Of Tracked Stocks, only Skyline Advanced Read More
RTTNews reports UMH Properties, Inc. (UMH) declared its funds from operations attributable to common shareholders (FFO) for the third quarter 2012 was $2.10 million, $0.13 per share, as compared to $1.68 million, or $0.11 per share for the same quarter 2011. Total income for the third quarter rose from $9.67
UMH Reports Third Quarter Gains Read More
Global financial services firm Morgan Stanley and non-profit National Equity Fund, Inc. (NEF) have added $75 million to their joint Rebuilding Local Economies Fund to help provide replacement housing for victims of Hurricane Sandy, according to BusinessWire. Designed to jump-start economic activity with developmental assistance, the fund finances affordable housing
For Profit and Non-profit Collaborate To Alleviate Storm Damage Read More
ConstructionDigital reports from the United Kingdom after many months of collaborative research, Larkfleet has developed low-cost, lightweight, energy efficient modular housing. The Startlink Lightweight Building Systems (SLBS) homes weigh less than half of what a comparable site-built home would weigh. Evaporative cooling in the summer flows from the water retentive
New Modular Rises in Great Britain Read More
CFTK-TV reports from northernwestern British Columbia (BC), Canada the residents of Telkwa, BC have just dedicated an eight unit modular housing project for seniors and persons with disabilities. Managed and operated by the Telkwa Senior Housing Society, the homes are outfitted with special needs features and fixtures. The $1.3 million
Affordable Housing in Northern Canada Read More
Housing industry analysts are skeptical about whether the construction that will result from Hurricane Sandy will offset the property damage that occurred. NationalMortgageNews reports Ken Simonson, president of the National Association for Business Economics and chief economist at the Associated General Contractors of America, does not regard it with much
Will Sandy’s Destruction Spur Re-construction on the East Coast? Read More
HousingWire reports Raj Date, deputy director at the Consumer Financial Protection Bureau (CFPB) will be leaving his post next year. As industry expert and consumer advocate, Date was the acting director from the inception of the agency in July 2011 until Richard Cordray took over the position. Mortgage Bankers Association
Personnel Changes Inside the Beltway Read More
4-Traders reports long-time insurance rating firm A.M. Best has conferred upon Standard Casualty Company a financial strength rating of A- (excellent), reflecting the company’s sufficient risk-adjusted capitalization, positive operating results, and excellent market smarts. A subsidiary of manufactured home producer Cavco Industries, Inc. (CVCO), Standard has historically adhered to strict
Cavco Subsidiary Gets Good Rap Read More
Continuing concerns about whether lawmakers will do what it takes to avoid the fiscal cliff overshadowed trading today as all three indexes closed down less than one percent. CNNMoney reports the Dow Jones Industrial Average nudged down -0.46 percent, -58.9 points, closing at 12,756.18. The Nasdaq lost -0.70 percent, -20.37
Skyline Falls as do Most Stocks we Track Read More
CEO Philip Fraser of Killam Properties, who called Ottawa, Canada, the nation’s capital, “one of the strongest cities for long-term investment in Ontario,” says his company is on the prowl for more acquisitions there, reports the OttawaBusinessJaournl. Based in Halifax, Nova Scotia, Killam purchased a 25 percent share in a
Killam Marches on Ottawa Read More
President Obama signed a disaster declaration—HUD No. 12-169–for the state of Rhode Island in the wake of Hurricane Sandy’s swath of damage. Fannie Mae and Freddie Mac are offering forbearance on loans to borrowers affected by Hurricane Sandy, and Freddie says its servicers can suspend eviction and foreclosure proceedings for
Rhode Island to receive Federal Assistance Read More
MHProNews has learned from 24/7 Wall St. the median list price for homes in the ten most expensive zip codes range from $2.8 million to $6.7 million. The top six are Alpine, New Jersey 07620 median sales price (MSP) $6.7 million; Ross, Calif. 94957 MSP $5.3 million; New York City
The Toniest of Neighborhoods Read More
The median sales price of a home spiked 14.8 percent and sales rose 15.1 percent over year ago levels, says the Minneapolis Area Association of Realtors regarding a 13 county area. The number of houses on the market rose 7.5 percent from a year ago October, as HousingWire tells MHProNews,
Twin Cities Recovering Well Read More
Reporting from New York City, observer says the return to normalcy in parts of the battered city, from the homes that burned to those that washed away, will be many months. Owners of one expensive high rise in lower Manhattan do not know when their units will be habitable, and
NYC Housing Shortage Likely to Worsen Read More
The BarrowCountyNews from Winder, Georgia reports two MHCs finally have their water back on after the owner, Affordable Housing Communities (AHC), paid thousands in back utility bills. Residents of Russell Village and Winder Village Mobile Home Parks had running water off and on Thursday and Friday of last week, but
Water Restored to MHCs Read More
Stocks were stymied today by investors’ fears about the impending fiscal cliff as well as the debt crisis in Europe and Greece, as the three major indexes moved no more than 0.02 percent. CNNMoney reports the Dow Jones Industrial Average moved nowhere, closing at 12,815.16. The Nasdaq lost -0.02 percent,
Most Tracked Housing Stocks Close Down Read More
RVBusinss says Lippert Components, Inc., a subsidiary of Drew Industries, Inc., has announced plans to re-brand its seating and furniture operations into Lippert Interior Solutions, and consolidate its seating manufacturing operations into one 160,000 manufacturing plant instead of the current two 70,000 square foot facilities. Says LCI Director of Product
Lippert Rebrands Division and Consolidates Manufacturing Read More
CNNMoney reports homebuilder D. R. Horton (DHI) missed revenue estimates in the third quarter 2012, but notched a profit that beat estimates. Meanwhile, Beazer Homes (BZH) exceeded its revenue expectations but its quarterly loss was more than anticipated, as it’s stock dropped nearly 14 percent. Horton’s shares fell 3.5 percent.
Has Homebuilding Hit a Bump? Read More
Responding to Hurricane Sandy, in a letter to the editor in the Brooklyn Daily, M. Taeler suggests Floyd Bennett Field as a site to produce modular homes, and set up a community to house the chronic homeless and the victims of the hurricane. Now a park, the field was NYC’s
Modulars Suggested for Brooklyn Read More
