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 National Association of Home Builders (NAHB) says its 55+ Housing Market Index indicates that the expectation for single-family homes construction remains low. This quarterly report by the NAHB Economics and Housing Policy Group says people who may want to live in a smaller home cannot sell the larger one …
Survey Says Single-family Building Stalled, Multi-Family Building Expanding Read More
Following President Obama’s disaster declaration for specific counties in Tennessee and Missouri, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has offered speedy government assistance to people in those jurisdictions ravaged by the tornadoes last month, specifically to home-owners and low-income renters. The provisions include diversion of Community …
Federal Government Offering Rebuilding Assistance Following Tornadoes Read More
The Dow fell 130.33 points from a sell-off in gasoline and oil futures to close at 12,630.03, as most all housing stocks closed down. UMH gained .29 percent, but it was the only one on the plus side. Palm Harbor Homes dropped 23.33 percent, Skyline Corporation lost 4.37 percent, Cavco …
Dow Stumbles from Energy Sell-off, Most Housing Stocks Follow Read More
The Canadian Press reports that manufactured community owner Killam Properties (TSX:KMP) of Halifax, Nova Scotia, Canada says its earned net income for Q1 2011 was $16.5 million, up from last year’s first quarter of $6.4 million. The share valued increased year over year from .16 cents a share to .35 …
Treasure Coast Newspapers reports that Ocean Breeze Park, an incorporated pre-HUD code community on Florida’s eastern shore just south of Fort Pierce, lost 23 percent of its population between 2000 and 2010. Founded in 1938 by Harry and Queena Hoke as a 55-plus community, it was incorporated as a town …
Cooperative Community Coping with Decrease in Residents Read More
The Somerville Patch of Somerville, Massachusetts, reports a 15,000 square-foot vacant lot will soon be home to a nine unit modular housing building on Cedar Street. Plans have been approved by both the Planning Board and the Zoning Board of Appeals, and the foundation will be poured once the city …
Modular Housing Building Going Up in Suburban Boston Read More
In noting the 13 percent drop in manufactured housing in the first quarter of this year over 2010, and the continued decline in the industry before the broader housing crisis settled in, the Manufactured Housing Association for Regulatory Reform (MHARR) will issue a series of briefs and fact sheets about …
MHARR to Issue Series of Needed MHIndustry Changes Read More
The site near the Tunica Manufactured Housing Show in Tunica, Mississippi, has been flooded by the recent rising tide of the Mississippi River and its tributaries. Yahoo! News shows pictures of the flood waters around the casinos, and notes that the state earns $10 million a month in taxes from …
Mississippi Manufactured Housing Show Site Flooded Read More
Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was …
The Dow rose for the third straight day upon news of Microsoft buying Skype and positive corporate earnings reports, and most housing stocks gained as well. The Dow gained .60 percent to close at 12,760.36. In housing stocks, Palm Harbor gained 3.45 percent, Sun Communities was up 2.74 percent, Skyline …
International Business Times reports that Housing and Urban Development (HUD) Secretary Shaun Donovan says there are 1,000 foreclosed homes in Alabama that could be available to house people left homeless by the April 29 tornadoes. Although the government does not have an exact number of how many people are …
Foreclosed Homes May House Alabama Tornado Victims Read More
RV Business says Democratic U.S. Representative Joe Donnelly of Indiana will make a run for the U.S. Senate seat now held by Republican Senator Richard Lugar. Rep. Donnelly’s website says from June, 2010, in part: “Congressman Donnelly has been an advocate for the manufactured housing industry, a vital part of …
Friend of Manufactured Housing to Run for U.S. Senate Read More
The Las Vegas Review-Journal says the Community Action Program of the Plumbers, Pipefitters and Service Technicians Local 525 is helping with the plumbing needs of seniors on fixed incomes who live in manufactured homes. Lou Salazar, the local’s residential business representative, started the program 13 years ago using union …
Plumbers Helping Seniors in Manufactured Housing on Own Dime Read More
The Press-Enterprise reports that the city of San Jacinto, California, is planning to annex some land that includes Country Lake Mobile Home Community. Country Lake residents are protected by a rent control ordinance in Riverview County, but San Jacinto does not have rent control, so any agreement could apply only …
Rent Control on the Table as City Plans Annexation Read More
Zacks says that the Berkshire-Hathaway first quarter 2011 operating earnings report shows a 49 percent drop from Q1 2010. Although total revenue gained 5.3 percent year-over-year, net income was .61 cents per share, dropping 59 percent from the same quarter last year. The loss was attributable primarily to insurance expenses …
Net Income for Berkshire-Hathaway Drops in Q1 2011 Read More
HousingWire reports the three largest cities in Ohio – Cleveland, Cincinnati, and Columbus – accounted for 45,000 foreclosures since 2009. A national network of community organizations, National People’s Action (NPA), in a survey of foreclosed properties over a 27 month period, determined that each foreclosure in the Buckeye state brought …
Study Shows Ohio Cities Hit Hard by Housing Crisis Read More
The Dow rose 45.94 points as oil and commodity prices rose from an early morning low to close at 12,684.68. In housing stocks, UMH was up .99 percent, Equity Lifestyle Properties gained .98 percent, Sun Communities rose .90 percent and MSCI gained .56 percent. Palm Harbor Homes lost 17.14 percent, …
Dow Rebounds from Early Sell-off as Housing Stocks Close Mixed Read More
The Times Daily reports from Northern Alabama that Federal Emergency Management Agency (FEMA) homes have started arriving in Franklin County to house victims of the April 27 tornadoes in areas where rental housing is limited. Eleven homes arrived over the weekend, and 30 more FEMA homes are expected by local …
According to Bloomberg, Zillow, Inc. reports that the number of homes with negative equity increased from 22 percent a year ago to 28 percent Q1 2011. There were 16.2 million homes worth less than the amount owed, compared to 13.1 homes in that situation one year ago. Home prices dropped …
The Fayetteville Observer writes that nearly 300 families will be uprooted when Fairlane Acres in Fayetteville, North Carolina, closes later this year. The Wellons family has had a 50-year lease since the early 1960s, which is near its end, and the land owners will no doubt take advantage of the …
Longtime Land Lease Community in North Carolina to Close Read More
