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.
MHProNews has learned following a five day bench trial, the law firm of Hart, King & Coldren (HKC) of Santa Ana, California successfully defended its client, a trust, against another trust that claimed 75 percent ownership of real property in Los Angeles County of which HKC’s client owned half. Having […]
Court Determines Deed Improperly Filed Read More
With many companies missing revenue targets for Q2, according to CNNMoney, and ongoing concern about debt problems plaguing Europe, investors kept their money in their pockets, as all three indexes lost ground following three days of gains. The Dow Jones Industrial Average dropped -120.11 points, -0.93 percent, to end the
Most Tracked Housing Stocks Close Down Read More
NewPortRicheyPatch says Walden Pond Mobile Home Park in New Port Richey, Florida is closing as the result of Tropical Storm Debby and residents must be out by July 31, 2012, according to a letter dated July 6 and sent under the letterhead Walden Pond LLC. Owner Paul Beraquit says because
FEMA Steps in to Help Flood Victims Read More
MarketWatch tells MHProNews Universal Forest Products, Inc. (UFPI) reported net earnings of $17.5 million for the second quarter of 2012 on net sales of $593.2 million, a 9.1 percent increase over net sales of $544.1 million that produced net income of $4.3 million for the second quarter of 2011. Net
Ron Richardson, 81, entrepreneur, real estate investor, Air Force veteran, and business owner passed away in Las Vegas, July 5, 2012. In addition to being an investor in an insurance company and a commuter airline that is now part of Continental Express, “commodore”, as he liked to be called, bought
Passages—RIP Ron Richardson Read More
According to sacbee, Drew Industries, Inc., will release its second quarter financial results prior to the market opening on Thursday, Aug. 2, 2012. At 11 AM Eastern Time that same day the company will host a conference call to discuss the financials and other business matters. A question and answer
Drew Industries to Announce Q2 Results Read More
staceypageonline reports the Syracuse (Indiana) Town Council honored a request from Patrick Industries for a ten year tax abatement on personal property and a three year real estate abatement for expanding its operations into the former Liberty Homes facility, which will bring 65 new jobs to the area. The state
Patrick Receives Incentives to Expand, Add Workers Read More
CNNMoney reports all three indexes edged a little higher as positive corporate returns trumped weaknesses in the overall economy. The Dow Jones Industrial Average finally settled at 12,924.43 after dipping and peaking throughout the day, gaining +34.66 points, +0.27%. The Nasdaq rose +0.79% to 2,965.90, while the S&P gained 0.27%
Many Tracked Stocks Fall, but Nobility Gains Read More
HousingWire reports the seasonally annual adjusted rate (SAAR) of existing home sales dropped from 4.62 million in May to 4.37 million in June, a decline of 5.4 percent, although sales in June topped the 4.18 units sold in June 2011. The lower inventory of available homes and increased demand managed
Existing Home Sales Fall in June Read More
MHProNews has learned from the Alabaster Reporter in Alabaster, Alabama, just south of Birmingham, AL State Sen. Cam Ward wants to pass legislation establishing uniform regulations dealing with the manufactured housing industry. Presiding over the Uniform Law Conference, Ward says manufactured housing is produced in one state and often transported
State Senator: Establish Interstate Regulations for MH Industry Read More
The LansingStateJournal reports Moon Lake Estates MHC between Bath and Perry Michigan needs major water and sewer improvements following a power failure and two water main breaks that has led to a notice from the Michigan Department of Environmental Quality (DEQ) for residents to boil water. The community’s license was
Community Needs Infrastructure Repairs Read More
MarketWatch says commercial real estate firm Walker and Dunlop, Inc. provided $67,680,000 in Fannie Mae financing to Hometown America, LLC for five manufactured housing communities comprised of over 1,800 home sites located in Illinois, Massachusetts, Florida and New Jersey. The age-restricted communities cover over 500 acres. Walker and Dunlop specializes
1,800 Home Sites Change Hands Read More
MarketWatch says commercial real estate firm Walker and Dunlop, Inc. provided $67,680,000 in Fannie Mae financing to Hometown America, LLC for five manufactured housing communities comprised of over 1,800 home sites located in Illinois, Massachusetts, Florida and New Jersey. The age-restricted communities cover over 500 acres. Walker and Dunlop specializes
1,800 Home Sites Change Hands Read More
HousingWire reports mortgage applications increased 16.9 percent for the week ending July 13 over the previous week, and the Mortgage Bankers Association (MBA) says 80.1 percent of that figure was refinance applications, up from 77 percent the previous week. MBA’s Mike Fratantoni says, “Applications for HARP refinance loans accounted for
Mortgage Apps Rise, Interest Rates Fall Read More
KamloopsNews reports Leonard Estates Trailer Park residents in Kamloops, British Columbia, Canada have evacuated their homes due to a raw sewage leak seeping from the ground along a row of a dozen modular homes in the community. Located on aTk’emlup First Nation Indian reserve, Health Canada (HC) found several spots
Residents Evacuate Modular Community Read More
MHProNews has leaned from NationalMortgageNews the default rate for both first and second mortgages declined May to June, 2012, with first mortgages defaulting at a May 2007 level, and second mortgages at an eight year low. The composite drop was from 1.5% in May to 1.41% in June, according to
Default Rates Decline Read More
Investors were encouraged by better-than-expected corporate returns and the rise in technology stocks as all three indexes advanced, according to CNNMoney. The Dow Jones Industrial Average moved up +103.16 points, +0.81%, to close at 12,908.70. The Nasdaq rose +1.12% to 2,942.60, while the S&P gained +0.67% to 1,372.78. The Yahoo!
Nobility Stumbles, Skyline Rises, Dow Advances Read More
MHProNews has learned from the IndyStar permits for new home construction in the nine county Indianapolis metropolitan area for the first six months of 2012 increased eight percent over the same period 2011, but fell one percent from June 2011, 428 issued down from 434. Compared to June of last
Indianapolis, National Housing Permits Drop May to June Read More
MHProNews has learned single-family housing starts have increased each month since Feb., rising to a seasonally adjusted annual rate of 539,000 in June, a 4.37 percent increase from a 515,000 rate in May. OriginationNews also says the Census Bureau reports multifamily construction rose from a 182,000 seasonally adjusted annual rate
Single-family Housing Starts Rise Read More
From its manufacturing plant in Durant, Oklahoma, Icon Construction has completed the delivery of five modular classroom buildings and the relocation of five previously sited modular classrooms in Anadarko, OK at Riverside Indian School southwest of Oklahoma City. From timesunion, MHProNews has learned Riverside is the nation’s oldest federally operated
Icon Delivers Modular Classrooms Read More
