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.
SeekingAlpha‘s Tim Plaehn, who has 25 years experience with the stock market, ranks Sun Communities, Inc. as one of the top performing high yield real estate investment trusts (REITs) that is below the radar of the Vanguard REIT Index ETF (exchange-traded fund), which measures the performance of the larger REITs. […]
Sun Stock Gets High Marks Read More
The Dow Jones Industrial Average fell under the bus as the U.S. and Europe received weak job reports, and China reported a manufacturing decline. The Dow ended up 100 points below where it closed out 2011 as all three indexes lost over two percent. CNNMoney reports the Dow plunged -274.88
Nobility Goes Regal, other MH Stocks Rise Read More
The non-profit Concern for Independent Living, Inc. dedicated the state’s first large, multi-family modular apartment building in the Brownsville section of Brooklyn, New York. The 65-unit MacDougal Street Apartments will create 18 new permanent jobs and will be home to 65 low-income residents recovering from mental illness. MarketWatch tells MHProNews.com
Modular Multi-Unit First for NY Read More
Following up on a story from MHProNews.com April 17, 2012, WHIOTV in Sidney, Ohio says a modular home built by students from the Upper Valley Career Center in Piqua, OH has been sited in Sidney. Shipped in two sections, the dwelling will soon be home to two young women who
Student-built MOD for Good Cause Read More
TrinidadTimes says Las Animas County in southern Colorado has not updated its building codes since 2003, and county building inspector Joe Richards says updating them to 2009 standards might save homeowners and businesses on their property insurance. The Insurance Services Office rates buildings on a scale of one to ten
HUD and MOD Codes Ahead of County Read More
Harkening back to a story April 3, 2012 about the Pennsylvania House of Representative’s passage of SB 1141 that requires MHC owners to provide adequate notification and compensation when a community is set to close, the sungazette says it’s too late to help the residents of Riverdale Mobile Home Park
Drilling Fee May Help MHC Residents Move Read More
The Wisconsin Housing Alliance tells MHProNews.com data gathered by the American Banker’s Association’s (ABA) Consumer Credit Delinquency Bulletin loan delinquencies for manufactured housing dropped to 3.76% from 4.08% during Q4 2011. While the ABA says a delinquency is 30 or more days past due, TransUnion, the third largest credit bureau
MH Loan Performance Shines Read More
CNNMoney reports Fred Dickson, chief market strategist at D.A. Davidson, says the market has declined in May in three out of the last four years, and this one is no exception. The Dow Jones Industrial Average ended the month with a quiet whimper, losing -0.21 percent, 26.41 points, to end
Dow Waddles Down, Housing Stocks End Month Mixed Read More
An estimated 60,000 plaintiffs who lived in Federal Emergency Management Agency (FEMA) trailers following the 2005 hurricane season may share in the most recent settlement of $5 million for injuries due to inhaling formaldehyde that oozed out of the interior walls. RVBusiness says according to court filings May 29, 2012
Another Formaldehyde Case Settled Read More
FoxBusiness reports gross domestic product (GDP) increased at an annual 1.9 percent in the first quarter of the year according to the Commerce Department, down from 3.0 percent in the fourth quarter of 2011. Excluding inventory values, which fell in the first quarter, the economy grew at a rate of
Economic Numbers Change Little Read More
Benzinga tells us the mortgage rate has found another hole that it has fallen through to a record low, as the 30-yr. fixed rate has hit 3.78% and the 15-yr. Fixed rate plunged to 3.08%, according to Bankrate. Still, the reticence of would-be buyers due to job insecurity, tight credit,
Modular builder Homes by Vanderbuilt is partnering with the Susan B. Komen Triangle Race for the Cure June 9, 2012 at Meredith College in Raleigh, North Carolina. SBWire says Vanderbuilt hopes to raise $5,000, and will match $5 for every $1 raised until the goal is reached. Seventy-five percent of
Mod Builder Supports The Cure Read More
SonomaCountyGazette in California names Harold C. Aguirre and the HCA Program as the Sonoma County Housing Coalition’s 2012 Housing Heroes, for quietly helping some 45,000 people over the years avoid homelessness. Aguirre made his family fortune in real estate, beginning in 1964 with MHCs, as HCA Management, and in 1989
MHC Owner Leaves Legacy Read More
CNNMoney reports two economist have studied 600,000 housing transactions near 159 new Walmart stores and determined home prices rose 2-3 percent in the two and a half years following the opening of a new Walmart within half a mile. Economists Jaren Pope at Brigham Young University and Devin Pope at
Want Higher Home Prices? Bring in Walmart Read More
CNNMoney reports investors shied away from the stock market as fears rose anew concerning the possible failure of Spain’s banking system, leading to a rush of investments in U.S. Treasuries. The Dow Jones Industrial Average dropped a little more than what it gained yesterday, falling -160.83 points, -1.28% percent, to
European Woes Worries Dow; Many Tracked Housing Stocks Follow Read More
HousingWire says CoreLogic reports half of the 66,000 foreclosures completed in April were from five states: California, Florida, Michigan, Texas and Georgia, in that order. The National Foreclosure Report says the April rate compares to 78,000 a year ago. Since the housing downturn in Sept. 2008 3.6 million foreclosures have
Foreclosures Completed Decline Read More
Bloomberg reports the National Association of Realtors (NAR) says the index of pending sales of previously-owned homes fell 5.5% in April, the highest rate in a year, on the heels of a 3.8 % gain in March 2012. Record low mortgage rates have failed to sustain the pace of demand
Pending Home Resales Fall Read More
LivingstonDaily in Michigan reports Mike Hendee has been trying to develop his 144-acre site halfway between Lansing and Detroit into a 498 site manufactured housing community since 2002. Favorable rulings by the Livingston County Circuit Court and the Michigan Court of Appeals were overturned by the state supreme court which
MHC Development Denied Again Read More
UpdatedNews reports from Abbotsford, British Columbia, Canada residents of Garden Village MHC have been told their community will be closed and the land will be redeveloped. The owners have offered each homeowner $11,000, twice what the government requires, but some of the more recent arrivals say they have spent upwards
Canadian MHC to Close Read More
OriginationNews tells MHProNews.com according to the Federal Reserve, single-family loans lending by the 25 largest banks has spiked this quarter, increasing $11.2 billion, at an annualized rate of 56 percent, to a non-seasonally-adjusted total of $4 trillion for the week ending May 9. Home mortgage lending was just below 40
Single-family Lending Soars Read More
