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.
Investors reacted to a letter from Federal Reserve Chairman Bernanke stating there is more room for stimulus to help the economic recovery, pushing all three indexes up, although they still lost ground for the week overall. CNNMoney reports the Dow Jones Industrial Average gained +100.51 points, +0.77%, to end the …
Nobility Leads Housing Stocks Charge, Gaining 8.37% Read More
Stockhouse reports T.J.T. Inc. of Emmett, Idaho announced the resignation of Shawn CJ Kling as President and CEO as of today, Aug. 24, 2012 to be replaced by Larry E. Kling, who has been on the board of directors since 2001. The new CEO served in that same role for …
Exec Change at T.J.T. Inc., from One Kling on to Another Read More
sussexcountian reports from Georgetown, Delaware manufactured housing communities are becoming a hot topic in the race for the state representative seat in District 37. A “rent justification” bill that would have required approval from the Governor’s Advisory Council on Manufactured Housing for any increase in rent at an MHC beyond …
nationalmortgagenews tells MHProNews research firm Zillow says in its “Negative Equity Report” 400,000 fewer mortgages fell into underwater loan status in the second quarter 2012 compared to the first quarter, dropping from 15.7 million to 15.3 million Americans. Percentage-wise, the numbers dropped from 31.4% of all homeowners with balances higher …
As follow up to a story we posted Aug. 13, 2012 concerning Cameron’s Mobile Estates in Santee, California attempt to raise rents in their 303 site community by an average of $422. to $557, utsandiego says the Santee City Council unanimously upheld a decision by the Santee Manufactured Home Fair …
The Baltimore Sun tells MHProNews Habitat for Humanity Susquehanna partnered with Harford Technical High School in Bel Air to build a modular home for an alumna of the school to help her achieve the dream of homeownership. Work began on the home for Kimberly Johnson two years ago with students …
According to a study published in RVBusiness, Indiana ranked as the best state in the Midwest and the fifth best nationwide in which to do business, as noted by the Polllina Corporate Top Ten Business States of 2012 in conjunction with the American Economic Development Institute. In its ninth year, …
A surprise jump in jobless claims, a slowdown in manufacturing growth in China, and disappointing sales and revenue forecasts from Hewlett-Packard pulled down the Dow Jones Industrial Average -115.3 points, -0.88%, to end at 13,057.46, according to CNNMoney. The Nasdaq dropped 0.66 percent to 3,053.40, while the S&P fell -0.81% …
SeniorHousingNews says while Democrats lambast vice-presidential candidate Paul Ryan’s proposal to make Medicare a voucher system, Republican presidential candidate Mitt Romney points out President Obama’s Affordable Care Act garners a significant portion of funding by cutting Medicare $716 billion. The combination of reductions in reimbursements to hospitals and private health …
According to the nonpartisan watchdog the Congressional Budget Office, if Congress cannot act to avoid the current fiscal tightening, economic growth will shrink by 0.5 percent in 2013, and unemployment will rise to 9.1 percent from 8.3 percent today. As MHProNews has learned, the economic consequences of fiscal tightening in …
CBO Projects Two Different Possible Economic Outcomes Read More
WFTV reports the city of Casselberry, Florida just north of Orlando wants to demolish vacant factory-built houses and replace them with Habitat for Humanity homes, which has a waiting list of 21 families in Seminole County and Greater Apopka wanting to buy Habitat homes. Casselberry has applied for neighborhood stabilization …
nationalmortgagenews reports the Mortgage Bankers Association (MBA) says mortgage applications fell 7.4 percent for the week ending Aug. 17, and the refinance share dropped from 81% to 80% to its lowest level in six weeks, while average interest rates for a fixed-rate 30-year mortgage (FRM) nudged up ten basis points …
The Huffington Post reports Alex Charfen, CEO of the Charfen Institute and considered to be an expert on the U.S. housing market and the foreclosure crisis, says the coming housing crisis will be a housing shortage. Home sales and median sales price have both increased, while existing inventory has declined …
CNNMoney reports the three main indexes rebounded from a low to close mixed following the release of Federal Reserve minutes which may indicate the Fed will offer more stimulus to the economy. The Dow Jones Industrial Average closed down -30.82 points, -0.23%, to end at 13,172.76. The Nasdaq rose 0.21 …
Harking back to a story we have been following over a year about Garden Homes Management seeking approval to develop a manufactured housing community in Oxford, Connecticut since 2006, through a series of denials and re-submissions and a court case, the Conservation Commission, Inland Wetlands Agency (CCIWA) will hold a …
In re-visiting a story we last published Aug. 15, 2012 about the Clawson Mobile Home Park in Boone, North Carolina being closed to make way for a 266-unit student housing complex, the WataugaDemocrat reports the Boone Town Council unanimously voted Tue. Aug 21 to deny the petition by Mega Builders …
he Idaho Statesman reports from Boise’s Adam Hiaring, assistant manager at a Clayton Homes dealership, that customers have been able to buy a house on layaway, saving up a down payment while locking in the price and mortgage rate, since March of this year. Hiaring says sales have been good …
centredailytimes says residents of Penn State Mobile Home Park in State College, Pennsylvania have been told by the new owner they have until next July to move their homes or they will be demolished. At a meeting Monday, Aug. 21 Centre County and human service housing assistance organizations informed residents …
LoanSafe reports the U.S. Department of Housing and Urban Development (HUD) is charging the owners and manager of Rainbow Terrace Mobile Home Park in Albert Lea, Minnesota for violating the Fair Housing Act. The community manager allegedly made discriminatory remarks about a Mexican couple who wanted to lease a home …
Canada Newswire reports Killam Properties, Inc. of Canada has declared a monthly dividend of $0.04833 per common share to be paid on Sept. 17, 2012 to shareholders of record on Aug. 31, 2012. Killam’s dividend reinvestment plan (DRIP) offers shareholders the opportunity to reinvest their dividends in additional common shares. …
