From Housingwire, MHProNews.com learns of efforts to clear inventory in two cities hit hard by the housing crisis. Currently builders and manufactured home producers face competition from REO’s. In what is being called Neighborhood Lift, Wells Fargo announced it will launch two multibillion-dollar programs this February in Los Angeles and …
From Missouri and the Joplin Globe, MHProNews.com learns that a center to provide social services and recreational programs to tornado survivors living in FEMA communities will be funded by tornado recovery donations. The Heart of Missouri United Way of Columbia supplied $181,100 to pay for the installation of a modular …
Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. announced this week that, on the Board of Directors declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable March 15, 2012 to shareholders of record at the close of business February 15, 2012. …
From Hoover’s Bizmology comes an article about the North Dakota Oil boom and a related spike in manufactured hosuing shipments. Writer James Bryant says in the article that the oil boom in the Bakken shale formation in North Dakota has manufactured home companies scrambling to meet demand. The recent declines …
Stocks rose Thursday as claims for jobless benefits last week dropped to the lowest level in almost four years. That’s one rung on the economic recovery ladder, but adding to the chorus of need for improvement in the housing market, former Alcoa CEO and Treasury Secretary Paul O’Neill tells Bloomberg …
Zacks Equity Research announced yesterday it has upgraded its recommendation for Michigan-based Universal Forest Products Inc. (UFPI) from Underperform to a Neutral rating. Zacks says despite far reaching effects on businesses worldwide due to the recent global economic meltdown, UFPI is making constant efforts to align its cost with business …
From Indiana and RV Business, MHProNews.com learns that Rep. Tim Neese, R-Elkhart, has authored legislation that could boost recreational vehicle sales there. The bill would exempt the sales tax of seven percent on RVs and cargo trailers for nonresident purchasers who take their new RV purchase out of Indiana. “The …
Freddie Mac released today its U.S. Economic and Housing Market Outlook for January this week showing that while the economy is undoubtedly in a better place than the same time a year ago, a speedy recovery still seems unlikely this year. “With the new year comes a sense of cautious …
From Kansan.com, MHProNews.com learns that the existence of what the authors refer to as a mobile home park is under threat by the pending development of student housing. The community known as Gaslight Village could be replaced by housing developed by Austin, Texas-based developer Aspen Heights, which according to the …
From Canada, MHProNews.com learns that Black Diamond Group Limited announced recently they will be presenting at the 15th Annual CIBC Whistler Institutional Investor Conference occurring today. Presenting for Black Diamond Group Limited will be Trevor Haynes, President and Chief Executive Officer. A live and archived webcast of the presentation will …
Black Diamond Group Limited to Present at CIBC Whistler Investor Conference Read More
Positive news from the housing market helped move stocks ahead Wednesday with the Dow closing nearly 100 points higher. The latest National Association of Home Builder’s index revealed a confidence level for the single family housing market not seen since 2007. The index is still half of what signals a healthy market. …
From Housingwire.com, MHProNews.com learns that a new report from IHS Global Insight contends that wage stagnation and weak consumer confidence among young adults are helping to delay a recovery in housing. The report, which indicates those who do apply for loans face tight underwriting that ends many of their bids, …
Mortgage applications increased 23.1 percent from one week earlier (last week’s results included an adjustment for New Years Day), according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2012. The Market Composite Index, a measure of mortgage loan application volume, …
Mortgage Applications Increase in Latest MBA Weekly Survey Read More
Equity Lifestyle Properties made headlines this week in a two year old case involving a former employee, apparently fired for working during her lunch break. MHProNews.com learns about the incident from Good Morning America. According to the article, receptionist Sharon Smiley was dismissed two years ago for skipping lunch. Recently …
A welcome voice comes from Bob Matlock and the Daytona Beach News Journal. An editorial by Matlock with the same title appears in the January 11 edition of the paper. Matlock tells the story of his own adult gated manufactured housing community, Plantation Oaks of Flagler. Matlock gives an overview …
From RE Journals.com, MHProNews.com learns that Apartment Realty Advisors of Atlanta recently closed the sale of a 16-property manufactured-home community portfolio containing 5,919 land-lease home sites. The portfolio includes land-lease sites in Arizona, Texas, Michigan and Colorado. Hometown America was the seller. Dallas and Chicago-based Amerian Manufactured Communities REIT, the …
Following positive future markets, the stocks spent much of the day in the red, but crossed over to bring a positive finish. The Yahoo Finance Manufacture Housing Composite did even better, adding almost two percentage points. Stocks ending the day higher include Berkshire Hathaway, parent company to Clayton Homes, Vanderbilt …
Contact reports from the twelve Federal Reserve Districts suggest that national economic activity expanded at a modest to moderate pace during the reporting period of late November through the end of December. Seven Districts characterized growth as modest; of the remaining five, New York and Chicago noted a pickup in …
Beige Book: Economy Expanding Manufacturing on the Rise Read More
From Joplin Missouri comes a story about community concern over property values should maodular homes arrive. From KOAM TV, MHProNews.com learns residents are upset that modular units are coming to the Cedar Ridge neighborhood, and officials say there’s nothing in the city code to prevent it. The city approved a …
Warren Buffett, CEO of Berkshire Hathaway, parent company to Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers, has offered to donate some money to the federal government. More precisely, he told Time Magazine recently he would match contributions made by Congressional Republicans …
Buffett Offers Matching Contributions to U.S. Treasury Read More
