Jacksonville, Fla.-based analytics firm Black Knight Financial Services reports foreclosure inventory fell to its lowest level in six years in June, dropping 36 percent from a year earlier to 951,000 properties, according to nationalmortgagenews.com. Marking its 26th consecutive month of declines, foreclosure starts numbered 88,300 in June, a drop of …
Foreclosure Inventory and Delinquency Rate Fall from Year Ago Read More
According to CNNMoney, the Chinese are now the biggest international buyers in the U. S. housing market, and over half of the $22 billion they spent on homes for the year ending in March was spent in California, New York and Washington, according to the National Association of Realtors (NAR). …
Chinese Homebuyers Buoying the U. S. Housing Market Read More
U. S. investors did not seem fazed by violence in Israel/Gaza and the Ukraine, as the Nasdaq rose +17.86 points, +0.40 percent, to end hump day at 4,473.70, while the S&P 500 hit a new intraday high but settled at 1,987.01, +3.48 points, +0.18 percent. Meanwhile, the Dow Jones Industrial …
Skyline Rises, Nobility Homes falls; Dow Slips, Nasdaq and S&P Rise Read More
Sales of previously-owned homes rose 2.6 percent in June to a 5.04 million annual rate, an eight-month high, according to figures released by the National Association of Realtors (NAR). More listings cooled prices as they advanced to their slowest rate since March 2012, as inventories increased to a nearly two-month …
Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189 …
Freddie Mac’s Multi-Indicator Market Index (MiMi) dipped .06 points to -2.59 last month, indicating a flat housing market, although on the year the housing market has improved by .86 points, according to housingwire.com. The all-time low was -4.42 in Nov. 2010, MHProNews has learned. Other housing market indicators are more …
Despite Cautionary Data, Housing Market Improves Modestly Read More
Residents at Blackhawk Estates manufactured home community (MHC) in an unincorporated area near Des Plaines, Illinois protested Monday after their property managers allegedly enforced what the residents are calling “the fine print” in their leases by walking through the community and taking belongings from residents’ yards, including childrens’ toys, yard …
According to nationalmortgagenews.com, Wells Fargo executives welcome the effort by Federal Housing Finance Agency Director (FHFA) Mel Watt to expand mortgage credit availability, but caution that capturing the lower-credit quality homebuyer is not likely to increase the size of the mortgage market nor impact earnings of mortgage originators. The nation’s …
Fitch Ratings expects the housing market to continue growing this year and become much stronger in 2015, according to housingwire.com. Fitch forecasts single-family housing starts to grow 9.5 percent the remainder of the year to 677,000, and new home sales to advance eight percent to 465,000 while home volume will …
Fitch Predicts Housing Market will Expand 16 Percent Read More
Following a story MHProNews posted July 17, 2014 regarding a manufactured housing wind test sponsored by the insurance industry, Dick Jennison, MHI president and CEO says the results will be on the Today Show tomorrow morning, July 23, between 7 and 7:30 AM eastern time. Conducted in several phases by …
Healthy company earnings for the second quarter spurred investors to push all three indexes to make modest gains as the Dow Jones Industrial Average nudged up +61.81 points, +0.36 percent, to close at 17,113.54, according to what CNNMoney tells MHProNews. The Nasdaq added 31.32 points, +0.71 percent, to end the …
LPX Gains Most of Tracked Stocks; Dow, Nasdaq, S&P Nudge Up Read More
MHProNews has learned from the RV/MH Hall of Fame that the 400 reservations for this year’s Hall of Fame Induction Dinner Aug. 4, 2014 have already surpassed the 311 who attended last year, and Darryl Searer, president of the Hall of Fame, expects to exceed the 434 record high. The …
Reservations for RV/MH Hall of Fame Ceremony nearing Record Read More
At the Dorchester County Council meeting in southern South Carolina, MHProNews has learned the council rezoned 1.98 acres on Claussen St. from Multi-family Residential to Single-family Residential, Manufactured Housing, according to journalscene.com. ## (Image credit: Bing Images)
According to wisconsinrapidstribune.com, custom modular homes builder Pittsville Homes, Inc. of Pittsville, Wisconsin is closing its doors after 40 years in business. Once one of the largest employers in town with 50-60 employees and a 40,000 square foot facility capable of building up to eight homes at one time, owner …
Pittsville Modular Closes; Stratford Homes picks up Ferkey Read More
Writing in nationalmortgagenews.com, Lynn Effinger states evidence is mounting we are sliding back into another housing downturn. He says the shadow inventory of foreclosures which have not been released into the marketplace is artificially inflating home values. He notes the rise in institutional investors buying up bank-owned properties and making …
The College Board of Mississippi Valley State University (MVSU) reversed an earlier decision and decided to purchase modular housing units for students instead of leasing them because the school can sell them when they are no longer needed and recoup some of their expense, according to msbusiness.com. Higher Education Chancellor …
Mississippi U will Purchase Modular Housing for Students Read More
Stocks fell across the board as investors responded to the violence in Gaza and the Ukraine, suppressing trading, as the Dow Jones Industrial Average nudged down -48.45 points, -0.28 percent, to close at 17,051.73. The Nasdaq slipped -7.45 points, -0.17 percent, to end the day at 4,424.70, while the S&P …
Sun and Third Avenue Rise Modestly; Dow, Nasdaq and S&P Slip Read More
According to what wkrb13.com informs MHProNews.com, Equity LifeStyleProperties, Inc. (NYSE:ELS) will release its financial results for Q2 2014 on Tuesday, July 22, 2014, at 11AM eastern time. Analysts anticipate earnings will be announced as $0.61 per share with revenue of $179.61 million. In Q1 2014 the company beat analysts estimates …
According to crazyjoys.com in Stocks in the News, UMH Properties, Inc. (NYSE:UMH), which will distribute 0.18 per share to stockholders Sept. 15, 2014, has a year -to-date performance of 9.91 percent and a quarterly performance of 2.89 percent. In Friday’s (July 18) trading the stock closed up +0.71 percent at …
Following a story MHProNews last posted June 16, 2014, the Pennsylvania attorney-general’s office is suing David Valenti, president of Wyoming Homes for alleged violations of the consumer protection laws and is seeking to permanently close the business. Twenty complaints were lodged against the business from Aug. 2011 to Dec. 2013 …
