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.com has learned from BloombergNews that October 2011 shipments of manufactured housing rose to a seasonally-adjusted rate of 62,000, up from 55,000 homes shipped in September, according to U.S. Census Bureau figures. This figure is well above the recent six month average of 51,000 homes. Placements fell on a seasonally-adjusted …
“Everyone I talk to is very pleased the show is moving forward in 2012. This year’s show is in a growth mode and we expect the show to be bigger and better than last year. “ said Ron Thomas, active retailer, community owner and Louisville Show Chairman. While it may …
SeekingAlpha tells MHProNews.com the backbone of Warren Buffett’s Berkshire Hathaway investment strategy is the float from his insurance and reinsurance businesses, most notably GEICO and commercial insurance, including malpractice and workmen’s compensation. The float refers to premiums paid, like life insurance, that may take decades before the payout. At year’s …
MHProNews.com has learned that a cherry orchard in Gilroy, California, just south of the Bay Area, may see 349 manufactured homes sited among the cherry trees. According to the GilroyDispatch, the development will be aimed at active older adults and will help Gilroy meet its state affordable housing goals. CW …
Following the floods last Spring that destroyed many Minot, North Dakota, homes, the Federal Emergency Management Agency (FEMA) brought in manufactured housing for hundreds of residents. Although the winter so far has been mild, residents say their heating bills are two and three times more than in their original homes, …
Santa Claus is back at the North Pole and today the market went South. The Dow closed down almost 140 points after strong recent performance. The Yahoo Finance Manufactured Housing Composite followed, ending the day down nearly five percent. The days decliners include Allied Management Group, down $2.39 (2.47 percent) …
Stocks edged up modestly throughout the day Tuesday, but in the end the Dow slid into the red, closing down .02 percent. The Yahoo Finance Manufactured Housing Composite ended down more than one percent. Advancers include Allied Managers Group , up .04 cents (.04 percent) to $96.78; Equity Lifestyle Properties, …
Of the top three companies with the highest dividend yield in the residential REIT (real estate investment trust) industry, the first and second rank are MHC owners. FinancialNewsNetwork tells MHProNews.com UMH Properties, Inc., is highest with a yield of 7.9 percent, followed closely by Sun Communities, Inc., with a dividend …
GoshenNews reports from Goshen, Indiana, that employees of Lippert Components, Inc., donated gifts valued at more than $5,000 to members of the Boys and Girls Club of Goshen who otherwise would not have a Christmas. Food was provided to many families during the holidays, and 175 gift bags were distributed …
Employees of MH Component Manufacturer Help the Needy Read More
Mortgage company PHH Corp. watched its stock fall nearly 15 percent last week after Standard and Poor’s Rating Services downgraded the company’s credit and unsecured debt from BB+ to BB-, according to HousingWire. S & P does not think PHH can repay the $423 million in debt due in March …
RVTimes tells MHProNews.com the RV/MH Hall of Fame Museum in Elkhart, Indiana, has managed to keep its doors open despite a debt of nearly $5 million as of last April when Tom McNulty took the reins as executive director. He says, “There are some good things happening and actually our …
The stock markets in the United States and Europe are closed today, Dec. 26, 2011 in observance of the Christmas holiday. Trading will return to a normal schedule, Tue., Dec. 27. (Graphic credit: Wikipedia)
The Mount Vernon, Illinois, Zoning and Planning Commission is considering an ordinance change that restricts manufactured housing to communities, instead of conditional permit zoning. The Register-News tells MHProNews.com that Mt. Vernon City Councilman David Wood says, “We’re trying to get away from spot zoning,” Wood said. “The way the ordinance …
MHProNews.com has learned from the LosAngelesTimes the owners of the Village Trailer Park in Santa Monica want to develop the 109 home site land lease community (LLC) into a 400,000 square-foot mixed-use retail, residential, and office complex. The four acre community was saved from extinction in 2007, but the owners …
Santa Claus arrived on Wall Street today on the last trading day before the Christmas holiday, adding more than one percent to the down, nine to the S&P and 19 to the Nasdaq. The Yahoo Finance Manufactured Housing Composite Index did not mirror the broader averages, however and ended the …
HousingWire reports the Office of the Comptroller of the Currency (OCC) says while mortgage delinquencies stabilized in the third quarter, foreclosures climbed 21.1 percent from the last quarter as mortgage servicers rolled back the reprieve imposed in late 2010, following disclosure of the robo-signing controversy. New foreclosures fell 11.8 percent …
MHProNews.com has learned from the Maine Public Broadcasting Network that Katahdin Cedar Log Homes has won a contract to supply China with factory-built homes. The initial building will be a 10,000 square- foot reception center on the shores of a man-made lake in Chengdu, in Southwest China, to serve as …
WinnipegFreePress tells MHProNews.com members of Lake St. Martin First Nation will be moving to new temporary modular homes in mid-February northwest of Winnipeg, Manitoba, Canada. Spring flooding forced over 700 residents of Lake St. Martin from their homes, 487 of whom are living in hotels in Winnipeg. An additional 1,687 …
CNNMoney reports the Dow Jones Industrial Average rose 61.91 points on a quiet day of trading, although bolstered by government reports that first-time unemployment claims fell to their lowest level since April 2008. The Dow closed at 12,169.65, a gain of +0.51 percent. The Yahoo! Finance Manufactured Housing Composite Value …
Frank Rolfe, CEO of MHC owner American Home Communities, LP, writes in NuWireInvestor that buying a small manufactured home community for retirement income is a feasible way to maintain a reasonable standard of living. Given that safe investments only give you a return of two percent, you need $3,000,000 in …
