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 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 […]
Housing Analysts Predict Slow Growth Read More
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
Student Housing Set to Replace MHC Read More
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
New Regulations Target Manufactured Homes Read More
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
Texas Needs More Modular Man Camps Read More
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
MH Production Rises for 11th Month Read More
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,
YES! Acquires Large Portfolio Read More
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
Dow Remains Above 1300, Skyline Rises Read More
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
NAHB Survey Indicates Stability in Housing Market Read More
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
Clayton Reports Q2 Sales Growth Read More
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
Community Owner at Odds with Residents Read More
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
Berkshire Hathaway’s Profit Falls Read More
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
Senate Bill Companion to HR 3849 Read More
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
Tracked Housing Stocks Respond Well to Jobs News Read More
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
Killam to Serve up Q2 Financials Read More
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,
Sun Now Rises over Additional MHC Read More
FYR-TV in Bismarck, North Dakota says the combination of the Souris River flooding in Minot, ND last year and the ongoing oil boom in western ND is creating a huge demand for manufactured and modular housing from Minot to Williston and the surrounding area, especially since contractors are so busy.
MH Profits from Mix of Oil and Water Read More
MarketWatch says Phoenix-based Cavco Industries, Inc. (CVCO: +3.63% Aug. 2) reported net sales for the first quarter of fiscal year (FY) 2013 totaled $118,781,000, representing a 20% increase over the $98,981,000 net sales for the first quarter of FY 2012. First quarter 2013 net income was $1,618,000 as compared to
Cavco Announces Q1 Financials Read More
bangordailynews reports from Rockland, Maine, the Rockland City Council will consider slackening its measure requiring sprinkler systems in newly constructed homes to lessen the financial burden for people who want to build in Rockland. Approved by the council in Dec. 2009, Mayor Brian Harden says the systems may cost twice
Council May Throw Water on Sprinkler Law Read More
CNNMoney reports European Central Bank president Mario Draghi did not announce definite plans to help solve Europe’s debt crisis, sending U.S. stocks into a downward slide. The Dow Jones Industrial Average fell -92.18 points, -0.71 percent, to close at 12,878.88. The Nasdaq also fell, dropping -0.36 percent to 2,909.77, while
Cavco, Housing Composite Mark Gains as Dow Slides Read More
