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.
Real Estate Investment Trust (REIT) Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for the third quarter, payable Oct. 19, 2012 to shareholders of record Oct. 10, 2012. The company has 29.7 million shares outstanding, according to Yahoo!Finance. Based in Southfield, Mich., MHProNews understands Sun owns […]
Sun Declares Q3 Dividend Read More
The National Association of Home Builders reports the pace of new home sales held steady in August at the seasonally-adjusted annual rate (SAAR) of 337,000 units, virtually unchanged from July, according to data from HUD and the U.S. Census Bureau. NAHB Chief Economist David Crowe says, “This latest report indicates
New Home Sales Stabilized in August Read More
Even though the third quarter ended on a somewhat sour note, it proved to be quite strong. Additionally, for the year the Dow is up ten percent, the Nasdaq has gained 15 percent, and the S & P has ended Q3 20 percent higher. On the day, however, investors were
Indexes up for the Year, but Edged Down for the Day Read More
PRWeb reports GDH Housing, LLC in Covington, Louisiana will construct, deliver, and assemble a modular 77 room hotel, comprised of 48 modules, to Williston, North Dakota to ease the rapidly growing need for quality accommodations in support of the oil exploration effort. Through an agreement with modular home builder Ritz-Craft
77-room Hotel Rising for Oilfield Accommodations Read More
The herald-mail reports the Washington County Board of Commissioners in Maryland voted unanimously to opt out of a state mandated requirement to install sprinkler systems in all new one and two-family houses and townhomes. The Maryland General Assembly passed a measure earlier this year to prevent local jurisdictions from diluting
Modular Homes must have Sprinklers Read More
Marcus & Millichap’s Michael Glass says for commercial real estate investors seeking to diversify their portfolio, the stabilizing housing market and resurgence in financing can make manufactured housing communities a good investment. In particular he notes age-restricted MHCs in prime markets are not increasing in number, leading to competition among
Commercial Real Estate Gamble: Bet on MHCs Read More
According to smmirror, the city of Santa Monica, California loaned the Mountain View Mobile Home Inn Residents Association $272,000 in 1996 to convert the property to a co-op owned by the residents. When the plan was determined to not be feasible, City Hall purchased the property in 2000 and maintained
City Forgives Loan to Would be Co-op Read More
SheridanSun reports from Sheridan, Oregon near the northwest Pacific coast, the owners of the former manufacturing plant of Liberty Homes, Inc. have borrowed $1.25 million from a New Jersey-based lender. The money will allow Liberty, which closed the plant in Feb. 2011, to sell part of the property by satisfying
Liberty Homes Unloads Property Read More
Financial columnist Craig Steiner sounded off on Townhall that conventional housing has far from recovered. He says recent headlines are an effort at media spin, just before the election, to make it sound like housing is on the rebound. Its not. The chart shows the reality of home prices. Steiner
Housing’s Lost Decade Read More
CNNMoney reports Spain’s government released a budget documenting budget cuts, giving investors some hope and inspiration as U.S. stocks ended a five-day losing streak. The Dow Jones Industrial Average moved up +72.46 points, +0.54 percent, to close at 13,485.97, while the Nasdaq gained +1.39 percent to 3,136.60. The S&P advanced
Patrick, Skyline, LPX, UFPI and Housing Composite Gain Nicely Read More
A mixed picture of the U.S. economy emerged, suggesting the economy is not growing fast enough to hasten much job growth, according to The Republic. The Commerce Department said orders for long-lasting goods fell by 13.2 percent in August, the biggest drop in over three years, largely influenced by a
U.S. Economy Improving in Fits and Starts Read More
Commissioners in Mooresville, North Carolina, just north of Charlotte, seeking to reduce the number of “non-conforming” manufactured homes in town, passed an ordinance preventing the replacement siting of manufactured housing in areas not specifically zoned for MH. If the owner wants to upgrade or just replace an existing home, it
New Restrictions on Manufactured Housing Read More
From Nevada, MHProNews has learned the Lyon County Commissioners are being asked to change the ordinance that forbids the siting of manufactured homes older than 15 years in the county. The downturn in the economy led to the sale of many homes that were foreclosed upon and had been vacant
Change in Siting Laws in Nevada Read More
David Weidner in MarketWatch tells MHProNews that President Obama has made a bad situation worse with Dodd-Frank. “You don’t need to ask the fact checkers, however, to know the president did very little to rein in Wall Street. If anything, he made a bad situation worse.” Weidner stated that “Instead
Weidner: Obama and Dodd-Frank made bad situation worse Read More
Datamonitor tells MHProNews that asset management firm Affiliated Managers Group (AMG) has reported a net income of $60.9 million, or $0.12 per diluted share, for the second quarter ended June 30, 2012, compared to $101 million, or $0.85 per diluted share, for the second quarter ended June 30, 2011. Revenue
AMG Reports 2nd Quarter Read More
NZHerald tells MHProNews from New Zealand the Kitset home by Box Living utilizes the strength of Kiwi-made Glulam timber for a series of floor and roof cassettes to make their modular houses. The construction features a timber post-and-beam exoskeleton with stainless-steel cross braces that has been approved for seismic, wind
Modular Homes Rising in New Zealand Read More
After Hurricane Katrina destroyed 4,000 homes in the Lower Ninth Ward of New Orleans with its 12 feet of surging water, the population of the area fell from 17,000 to 3,000 today. The $14.45 billion construction of new floodwalls that successfully withstood the wrath of Hurricane Isaac may encourage more
Modular Home Unscathed after Isaac Read More
QE3 was dollar devaluation in disguise for most other than savvy investors, so it is no wonder that market, housing and other prices ‘went up’ in its initial wake. But as economic realities are sinking in, the Dow lost ground as did the Yahoo! Finance’s Manufactured Housing Composite Index. CNN
Seasidesignal tells MHProNews that a Clatsop County OR hearings official revised his order on Sunset Lake RV and MH Resort after a challenge by owner Ken Hick. Hearings Officer Paul Elsner, has authorized up to 75 permanent and short term spaces on the roughly 4.4 acre property. Hick appealed an
Community Owner Wins after Appeal Read More
The CATO Institute’s CEO, John A. Allison, is making the case that free markets not government are the solution to what caused the banking crisis. In his book,”The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope.” In a column to AB, Allison
CATO CEO Says Free Markets Are the Answer Read More
