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.
nationalmortgagenews tells MHProNews the CoreLogic house price index (HPI) rose 1.3 percent in July, marking the fifth consecutive monthly increase, and following the same increase in June over May 2012. The HPI is up 3.8 percent over July 2011, which is the largest increase year-over-year since Aug. 2006. CoreLogic’s chief …
Manufacturing activity dropped for the third consecutive month and construction activity slowed, sending the Dow Jones Industrial Average down to 13,035.94, losing -54.90 points, -0.42 percent, according to CNNMoney. The Nasdaq gained slightly, moving up +0.26 percent to 3,075.06, while the S&P lost -0.12% to 1,404.94. The Yahoo! Finance Manufactured …
Roger Bull’s Sunday Notebook in jacksonville reports the sale of two manufactured housing communities in Jacksonville, Florida to Rufus & Roxy LLC of Bainbridge Island, Washington. An extensive Google search led to the owner, Scott Fallows, who bought Sunny Oaks North Mobile Home Park and Briarwood Mobile Home Estates, which …
MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR) statistics compiled by the U. S. Dept. of Housing and Urban Development (HUD) show HUD Code manufacturers produced 4,221 homes in July of this year, a 14.8 percent increase from July 2011 when 3,676 homes were manufactured. This …
A reader tells the Las Vegas Review-Journal he purchased a new manufactured home in 2006 for $85,000 with $50,000 down and financed the balance for 20 years at 6.5%. The loan balance is $30,500 and the home is assessed at $56,000, but he cannot find a lender to help him …
MHProNews has received communication that the U. S. Dept. of Housing and Urban Development (HUD) is offering disaster relief assistance to portions of Mississippi and Louisiana in the wake of damages from Hurricane Isaac following President Obama’s disaster declaration Wed. Aug. 29. Families that have been forced from their homes …
In an indication that home values are rising and that home purchase transactions are slowly increasing, nationalmortgagenews tells MHProNews the two year slide of mortgage debt— mortgage servicing rights, or MSRs— triggered by the housing crisis, has come to an end. Residential consumer debt rose from $8.9 trillion Q1 2012 …
CNNMoney tells MHProNews while Las Vegas has the record for the worst foreclosure rate in the country, the following cities had the fastest-growing rate in 2010. Spartanburg, South Carolina had a foreclosure rate of one in 60 homes, a 228% increase in 2010, due to questionable mortgages and unemployment that …
From Q1 2010 to Q1 2012 low-wage occupations grew at a rate 2.7 times faster than those in the middle to higher-wage categories, HousingWire tells MHProNews. According to the advocacy group the National Employment Law Project, 1.7 million of the jobs added the last two years were in the services, …
All U.S. stock markets are closed today in observance of Labor Day.The markets will re-open Tue., Sept. 4 at 9 AM. (Photo credit: Wikipedia–New York Stock Exchange)
According to nationalmortgagenews all 12 Federal Reserve banks reported improvements in residential real estate in their districts, as noted in the Beige Book. Compiled on Aug. 20, the snapshot says the housing market is “positive with continued increases in activity expected.” While the Philadelphia and Kansas City banks remain cautious …
Federal Reserve District Banks upbeat on Housing Market Read More
Oak Tree Development of Cambridge, Mass. has been chosen by the Federal Real Estate Investment Trust to develop the residential section of a 222,000 square foot retail plaza in Reading, Massachusetts, according to PRWeb‘s story based on a Boston’s weekly Real Reporter article. Oak Tree tapped Keiser Maine, a division …
The Republic reports the Associated Press says the Three Affiliated Tribes (Mandan, Hidatsa, and Arikara Nation) of New Town, North Dakota developed a new manufactured housing community after the 45 site Prairie Winds Trailer Court was sold to oil development company United Prairie Cooperative for employee housing. The tribe invested …
Frontiersman tells MHProNews the Builders Choice, Inc. plant in Meadow Lakes, Alaska outside Anchorage goes through 5,000 board feet of lumber each day making trusses for man camps for the North Slope, six-plex housing units, and airplane hangars. While currently only 27 people work at the facility, Builders Choice opened …
In his annual speech at Jackson Hole, Wyoming, CNNMoney tells MHProNews Federal Reserve Chairman Ben Bernanke talked up providing more stimulus for the economy, saying the two previous rounds of asset purchases improved financial markets and led to two million jobs. Previously, the Fed intimated it would provide stimulus only …
In a speech at Jackson Hole, Wyoming Fed Chairman Ben Bernanke hinted that the Fed is ready to provide additional stimulus to the economy, which boosted the three indexes for the end of the week and month. CNNMoney reports the Dow Jones Industrial Average moved up 90.2 points, +0.69 percent, …
Housing Composite, Most Tracked Housing Stocks Gain Read More
The ChronicleHerald of Canada tells MHProNews 300 families in the Mountain View Estates manufactured housing community at Lake Echo in Nova Scotia have been without potable water since last December. MHC owner Killam Properties, Inc. of Halifax, Nova Scotia has issued monthly updates saying the boil-water order remains in effect …
ozarksfirst reports from Jefferson City, Missouri the Missouri Public Service Commission’s Manufactured Housing and Modular Units Program has received word from the United States Consumer Product Safety Commission (CPSC) that specific models of GE dishwashers are being recalled due to a problem in the heating element that can pose a …
SacBee reports from the unincorporated town of Thermal in California’s Eastern Coachella Valley, residents of the Sunbird Mobile Home Park filed a complaint with the California Public Utilities Commission claiming excessive water bills and arsenic-contaminated water, which resulted in a bill passed by the state legislature allowing residents in such …
nationalmortgagenews reports the National Association of Realtors (NAR) says July pending home sales rose 2.4 percent over June to a two-year high, after falling in June 1.4 percent from the previous month. The trade group is forecasting home sales will rise nine percent this year and eight percent in 2013, …
