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.
Thirty-three percent of mortgages refinanced through Fannie Mae and Freddie Mac were closed through the Home Affordable Refinance Program (HARP), the most since the program began in March 2009. For the first six months of this year, Fannie Mae and Freddie Mac processed 422,969 loans through HARP, more than the …
WISH-TV reports from southern Indiana piles of splintered wood continue to line the roads that wind through Henryville and Marysville and surrounding hills from the E F-4 tornado that swept through this southern Indiana region March 4, 2012, killing 12 people. While the Henryville High School was mostly rebuilt and …
HousingWire reports the Gallup Economic Confidence Index (ECI) dropped for the second month in a row, averaging -26 in July after falling from -22 in June. The nation grew more optimistic in the spring as the ECI rose to -17, but even this month’s score is far better than the …
Investors counting on global central banks to support the market sent the three indexes to their highest mark since early May, according to CNNMoney. The Dow Jones Industrial Average was up +0.39 percent, +50.71 points, to 13,168.22, while the Nasdaq gained +0.87 percent to 3,015.86, while the S&P moved up …
Nobility Rises, Skyline Falls, as the Three Indexes Gain Read More
NationalMortgageNews says CoreLogic CEO Anand Nallathambi tells MHProNews their house price index (HPI) rose 1.3% from May to June, for the fourth consecutive month, and home values have risen 2.5% from the same period last year. When distressed sales are removed from the equation prices are up 3.2% from a …
The WataugaDemocrat says residents of Clawson Mobile Home Park in Boone, North Carolina were notified April 3 they have six months to move because the owners are selling the property to developers who intend to build a multi-building student apartment complex on the 20 acres. The community owners and developer …
TheMcDowellNews reports last month the Marion City Council in Marion, North Carolina adopted new regulations for manufactured homes sited on individual lots within the city, requiring them to have siding and roofing to make them blend in with neighborhood site-built homes. Additionally, no manufactured home is allowed within 300 feet …
BloombergBusinessWeek says Midland and Odessa, Texas sit on top of the Permian Basin, a rich store of petroleum which last year produced 280 million barrels of oil, about 14% of the U.S. output. Compared to the 100 active drilling rigs in 2009 there are 500 this year. As MHProNews has …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports statistics compiled by the U.S. Department of Housing and Urban Development (HUD) for June 2012 indicate HUD Code homes production rose one percent over June 2011 to 5,075 homes, marking eleven consecutive months of increased production. Production of manufactured homes for …
Joe Kelly of the Iowa Manufactured Housing Association tells MHProNews Denver-based YES! Communities and real estate investment firm Stockbridge Capital Group of San Francisco have purchased a portfolio of 42 manufactured housing communities from American Residential Communities (ARC), also of Denver. The 10,500 home sites, located in Iowa, Illinois, Nebraska, …
CNNMoney reports Investors, buoyed by the upbeat jobs report and lower costs of borrowing in Spain and Italy, nudged the Dow Jones Industrial Average up 21.34 points, +0.16 percent, to end the day at 13,117.51. The Nasdaq moved up +0.74 percent to close at 2,989.91, while the S&P gained +0.23 …
The National Association of Home Builders (NAHB) reports a total of 80 housing markets in their First American Improving Markets Index (IMI) monthly survey for August. Identifying areas based on housing permits, employment statistics, and house prices for six consecutive months, the index noted 75 markets that have remained on …
MarketWatch tells MHProNews Clayton Homes second quarter 2012’s pretax earnings increased 45% due to increased sales. In a regulatory filing, Berkshire Hathaway reported homes sales increased $40 million, or 11%, in the second quarter. For the first six months of 2012, home sales jumped 16% to $103 million. The filing …
wickedlocal reports from South Plymouth, Massachusetts in the southeastern part of the state near Cape Cod Bay, residents at Long Pond Village are disgruntled because they have been unable to use the clubhouse for six months, where they used to have bingo, lectures, and other events. “Other events” evidently includes …
AnchorageDailyNews tells MHProNews although many of Warren Buffett’s Berkshire Hathaway subsidiaries did well in Q2 2012, including its housing-related businesses, its overall second quarter profit dropped nine percent. Berkshire earned net income of $3.1 billion, $1.25 a Class B share, a drop from last year’s second quarter income of $3.4 …
A companion measure to the bipartisan H.R. 3849, the Preserving Access to Manufactured Housing Act, introduced in the House of Representatives Feb. 2012 by Reps. Stephen Fincher (R-TN), Joe Donnelly (D-IN), and Gary Miller (R-CA), all members of the House Financial Services Committee, has been introduced in the Senate by …
PRNewsWire reports Freehold, New Jersey-based UMH Properties, Inc. announced it closed on the acquisition of eleven manufactured home communities comprised of 968 home sites situated on 200 acres for $28,250,000. With a 92% occupancy rate, ten of the communities are in Pennsylvania, and one is in New York. The publicly-owned …
Investors roared their approval at the announcement of 163,000 new jobs created in July, just under 100,000 more than in June, sending the Down Jones Industrial Average soaring as it gained 217.29 points, +1.69 percent, ending the week at 13,096.17, according to CNNMoney. Likewise the Nasdaq advanced a full 2.00 …
Halifax, Nova Scotia-based Killam Properties, Inc. announces it will release its second quarter 2012 financial results Wed. Aug. 8, 2012 after the market closes. The following day, Thurs. Aug 9, Killam will conduct a conference call at 12:00 noon eastern time to discuss the results. MHProNews has learned Killam is …
MarketWatch reports Southfield, Michigan-based Sun Communities, Inc. announces it has purchased Northville Crossing manufactured housing community just west of Northville, MI including personal property, inventory and chattel loans for $32.3 million cash. The 756 site MHC is a multi-section community established within the last 15 years. As MHProNews has learned, …
