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.
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
Killam Continues its Westward Growth Read More
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
Residents Hope to Purchase MHC Read More
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
Full Housing Recovery: Ten Years Away? Read More
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
Modular Building Proposed for Neighborhood Center Read More
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
No Change in Unemployment Claims Read More
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
Another Pennsylvania MHC to Close Read More
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
Home Prices on the Rise Read More
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
Most Housing Stocks We Follow Move Up Read More
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
New Owner of MHC’s Making Improvements Read More
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
MH Production Marks Year of Steady Growth Read More
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
Manufactured Housing Loan Advice Read More
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
HUD Assistance after Isaac Read More
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
Mortgage Debt back on the Rise Read More
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
Foreclosures Hit High in Warm Climes Read More
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,
Job Growth may not Equal Housing Recovery Read More
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)
U.S. Stock Markets Closed Today Read More
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
