From Washington, MHProNews.com has learned that a community there won’t be allowed to expand. According to the Tri-City Herald, the Chinook mobile home park won’t be rezoned to allow expansion. According to the article, the Kennewick City Council rejected a request from the owner to change the zoning from low-density …
From Housingwire, MHProNews.com learns that according to Zillow.com, home prices could fall another 0.7 percent by the end of this year. Zillow arrived at its conclusion through a survey of more than 100 economists and real estate experts. A sharper drop than expected in the fourth quarter Standard & Poor’s/Case-Shiller …
Manufactured housing industry supplier Encore Wire Corporation announced this week that the Company’s Board of Directors has declared a cash dividend of two cents per share. The dividend will be paid on April 20, 2012, to stockholders of record at the close of business on April 6, 2012. Encore Wire …
From WLKY.com and the Federal Emergency Management Agency (FEMA) web site, MHProNews.com learns that FEMA is setting up in storm-ravaged Kentucky and Indiana. Following recent storms, President Barack Obama issued a disaster declaration for several counties in each state on Friday. Homeowners, renters and businesses could qualify for FEMA money …
Stocks moved higher Tuesday after a positive report on retail sales and news from the Fed that the economy is improving. The Yahoo Finance Manufactured Housing Composite Index closed 1.3 percent higher. Several watched stocks added more than seven percent, and one, Patrick Industries, added more than ten percent. Closing …
Stocks Up, One Watched Stock Tops Ten Percent Gain Read More
Atlanta-headquartered ARA, recently announced the sale of Independence Woods Manufactured Home Community located in Clarkston, MI and Oakland Estates Manufactured Home Community located in Auburn Hills, MI. The company says the communitieswere acquired by a large private operator new to the region. Independence Woods and Oakland Estates are both all age …
ARA’s Group Announces Sale of Two Manufactured Housing Communities Read More
The era of the Hispanic homebuyer is upon us, according to the 2011 State of Hispanic Homeownership Report released this week by the National Association of Hispanic Real Estate Professionals (NAHREP). The 36-page document offers an analysis of data on the Hispanic homebuyer market and points to youth, birth rates, …
The National Federation of Independent Business (NFIB) says its Small-Business Optimism Index gained 0.4 points in February to 94.3 marking the sixth consecutive month of gains. The Index is lower than that of February 2011 but is the second highest reading since December 2007, the beginning of the recession. The …
From the web site Living Green comes a story that looks at the history of modular homes and just how green they are. The modular, as the article points out, has been the “net big thing” in home building for a century or more, yet accounted for only about five …
Living Green Asks Just How Green are Today’s Modulars? Read More
The Yahoo Finance Manufactured Housing Composite Index got a running start to the week and logged gains topping five percent while most stocks lost and the Dow gained only modestly. Moving up with broader indexes were Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other …
A new report indicates that may be just what is happening. According to an upcoming report by Zillow published at CNBC.com, rents were up three percent in January while home prices were down 4.6 percent annually. In normal times when rents rise, people turn to home buying, but that doesn’t …
From Texas and the Brownsville Herald, MHProNews.com learns that the Texas Manufactured Housing Division and the Texas Attorney General’s Office are working to provide relief to customers of the now-defunct mobile-home business Park Girl Sales. The agencies have received complaints of fraud from more than 40 customers. The efforts are …
Texas Seeks Remedy For Would-Be Manufactured Home Owners Read More
A slew of news stories appeared over the weekend over those killed in recent tornadoes. While the majority of those killed were in what the articles call mobile homes, the distinction is not always made between pre- HUD code mobile homes and manufactured homes, or as to whether the homes …
DurabilityandDesign.com was the first to not that you may be able to believe things that sound too good to be true, at least where certain modular homes are concerned. LivingHomes LLC, a Santa Monica-based developer has an affordable, modern, zero-energy, zero-carbon, LEED Platinum-certified pre-fab home that is available now. It …
Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway chairman Warren Buffett said recently that if it were practical, he’d buy up “millions” of single family homes. Housing, he said, could be a better asset to hold than stocks. …
Motley Fool Outlines Why Real Estate Will Bounce Back Read More
Stocks advanced modestly Friday and the Yahoo Finance Manufactured Housing Composite Value added more than six percent. Some individual stock gains approached ten percent. All but one watched stock advanced. The lone decliner was Nobility Homes, which closed down .28 cents (3.59 percent) to $7.51 a share. Advancing stocks included …
If it seems like the damage caused by tornadoes recently is greater than usual, you may be right. In fact disaster modeler Eqecat puts the number this year to date at more than twice a seven-year average. In light of that, insurers may be reconsidering coverage in storm prone states, …
From a number of sources including the New York Times, MHProNews.com learns that a legislation to ease small businesses’ access to investments and capital markets was approved by the U.S. House of Representatives Thursday. The Jumpstart Our Business Startups Act will soon have a Senate version and is expected to …
From Bloomberg, MHProNews.com finds that mortgage defaults are on the rise in Canada. Canada Mortgage & Housing Corp. (CMHC) defaults have soared nine-fold in 20 years, the business paper says, approaching levels reached by Fannie Mae and Freddie Mac in the U.S. at the height of the housing boom. Bloomberg …
From California and the Santa Barbara Independent, MHProNews.com learns that Supervisors there will soon decide on legislation related to mobile home community closures. According to the article, while no parks are slated for closure, next week the county Board of Supervisors could vote on the first ever mobile home park …
Santa Barbara Officials Consider Community Closure Requirements Read More
