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.
connecttristates reports a collaborative effort between the North East Community Action Corporation (NECAC) of Bowling Green, Missouri and Louisville, Kentucky-based Next Step will put low income people in modular homes in the NECAC area. The non-profit works with a variety of other non-profits, businesses, and governmental entities to deliver social …
The vagazette informs MHProNews compassion led the Planning Commission in James City, Virginia to take a step beyond the legal border of the Public Service Area (PSA) and recommend extending sewer service to residents of the Greensprings Mobile Home Park. The two-and-a-half hour meeting saw several of the 80 residents …
sgvtribune reports from El Monte, California in the San Gabriel Valley an initiative on the November ballot will repeal a voter-approved measure that provides a ten percent discount to qualifying seniors who live in some of the MHCs in El Monte. The measure also gives the city council authority to …
nationalmortgagenews says according to John Burns Real Estate, before the housing downturn new home sales accounted for 16 percent of sales transactions, falling to five percent as the bottom dropped out. The new-to-existing home sales ratio fell from five to one to 17 to one, but has since climbed back …
A weak August jobs report left investors with added hope that the Federal Reserve will provide more stimulus when it meets next week, as the three major indexes made very minor gains. CNNMoney says the Dow Jones Industrial Average gained +0.11 percent, +14.64 points, to 13,306.64. The Nasdaq moved up …
Weak Jobs Report Dampens Dow; UFPI Rises, Nobility Falls Hard Read More
nola informs MHProNews from LaPlace, Louisiana, on the western outskirts of New Orleans, some 7,000 homes have been inundated by Hurricane Isaac, leaving thousands homeless. 10,000 residents have registered for assistance with various local agencies, but because the high flood waters caused such widespread damage to possible transitional housing like …
In advance of the government’s jobs report, CNNMoney tells MHProNews paycheck processing firm ADP says private employers added 201,000 jobs in Aug., an increase from 173,000 in July. Adding more than 150,000 jobs in a month decreases the unemployment rate. ADP says the service sector added 185,000 new jobs, while …
According to information from Freddie Mac, as originationnews says, the average for a fixed rate 30-year mortgage fell four points during the week ending Sept. 6 to 3.55%, compared to 4.12% a year ago. The Mortgage Bankers Association (MBA) tells MHProNews mortgage applications have fallen recently but lenders report the …
KTICRadio in Nebraska informs MHProNews the Nebraska Public Service Commission it will lower seal fees it charges manufactured and modular homes. Mark Lutich, Department of Housing and Recreational Vehicles director, says several years ago in the throes of the housing downturn when production was low, the department had to let …
Notching the highest mark since the second quarter of 2005, the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) rose for the eighth consecutive quarter, from 51 in Q1 2012 to 54 this most recent quarter. Measuring builder and developer sentiment about conditions in the apartment and condominium …
The Chisago County Press in Lindstrom, Minnesota tells MHProNews the Stonegate MHC is only the fifth community in the state to become owned by the residents. Stonegate Residential Corporation recently closed on the financing to make the 50 home site a co-op with the assistance of NorthCountry Foundation (NCF), which …
The European Central Bank’s bond-buying plan and better-than-expected job market data in the U.S. spiked a rally on Wall Street that sent the three indexes to their best numbers in years, as the Dow Jones Industrial Average ended the day at its highest level since Dec. 2007. The Dow gained …
Dow’s Spike Advances some Housing Stocks, but not Across the Board Read More
In his political blog, Jim Shella of Indianapolis notes U.S. Senate candidate Joe Donnelly chose to tour a vocational school in Indianapolis instead of attending the Democratic National Convention in Charlotte, NC this week. Responding to Republican opponent Richard Mourdock’s attack ads aligning him with President Obama, Shella notes it …
Democratic Senate Candidate Donnelly Skips Charlotte Read More
Killam Properties, Inc., in its expansion efforts outside Atlantic Canada, announces it has acquired a four building, 244-unit apartment portfolio in Ottawa, Ontario, bringing its overall total to 11,638 apartment units. Based in Halifax, Nova Scotia, Canada, MHProNews has learned Killam owns and operates over 50 manufactured housing communities comprising …
journal-topics tells MHProNews even as an auctioneer rolled through Glenview, Illinois’ Sunset Village MHC in a sound truck auctioning off manufactured homes, residents remain hopeful they can buy the community out of foreclosure. Frustrated by neglect and issues with water quality, threatened with eviction in some cases, residents made rent-to-own …
originationnews says while home values are expected to rise around four percent this year, the increase is driven more by low inventory than by rising demand. The rise in some markets is due to investors buying especially lower-priced homes, and flipping them in six months to a year as prices …
The three major indexes did not move more than 0.19% up or down today as investors waited to hear whether the European Central Bank will protect the Euro, and what the U.S. jobs report due out on Friday will yield. The Dow Jones Industrial Average gained +0.09 percent, +11.54 points, …
The Three Indexes Move Little; Patrick Gains, Louisiana Loses Read More
santamariatimes says the Santa Maria, California Parks and Recreation Department wants to add a 40 X 20 foot modular building to the Newlove Neighborhood Center for office space, classes, and for policemen who work that side of town. The Santa Maria Planning Commission is meeting tonight (Sept. 5) to consider …
CNNMoney tells MHProNews first time jobless claims held steady last week at 374,000, the first time in three weeks the rate did not increase, according to the Labor Dept. Approximately 3.3 million people received their continuing unemployment benefits during the week. Paul Dales of Capital Economics predicts the jobs report …
For the second time in two months, residents of a manufactured home community in the State College, Pennsylvania area have been notified they need to find a new place to live. This time, according to centredailytimes, Hilltop Mobile Home Park sent letters to those who own their homes this past …
