The market ended the week on the downside, with all three indexes in the red, although stocks have still gained between 18% and 23% on the year. CNNMoney reports the Dow Jones Industrial Average dropped -72.81 points, -0.47 percent, to close at 15,425.51. The Nasdaq fell -0.25 percent, -9.01 points …
Three Major Indexes and Most Tracked Housing Stocks Fall Read More
The Dutchess County Legislature’s Public Safety Committee in Poughkeepsie, New York has been paying other county jail systems for housing inmates, but County Executive Marcus Molinaro wants to use some of the budgeted funds for temporary modular housing. According to midhudsonnews, he says this will achieve short-term savings until long-term …
Manufactured Housing Community Lake Erie MHP, LLC in Fredonia, New York is donating $250 to the United Way of Northern Chautauqua County for each home sold in its community, and presented the organization with a check for $1,000. The former McClenathan’s Mobile Home Park in Fredonia, in far western NY …
While two different projects are underway in Vancouver, British Columbia, Canada utilizing shipping containers to make modular housing, Frank Lo of MC Quarters Corp. wants to build more affordable housing in the city using the containers. His company builds modular workforce housing for logging and mining camps as well as …
Taxpayers may yet see a profit from the $187 billion bailout by the federal government of Fannie Mae and Freddie Mac in 2008. To date, Fannie Mae has seen $105 billion of the $116 billion it borrowed from Treasury repaid, including $10 billion from the most recent quarter. Of the …
A one-time theme park in Queensland, Australia will be demolished and replaced with a 115-site manufactured housing community (MHC). Nostalgia Town at Pacific Paradise has been acquired for $1.6 million by Peter Puljich, director of Living Gems, developer of MHCs in Australia. The affordable living community will include a social …
Habitat for Humanity Wind River Country in Riverton, Wyoming will receive $15,000 from Wells Fargo to help build a modular home for a single mother and three children. Marking Habitat’s 16th house since 1997, and modeled after a similar program in Loveland, Colorado, the two modules will be constructed primarily …
The Esto Town Council in the panhandle of Florida nearly straddling the Alabama state line approved the first reading of the newly proposed manufactured home ordinance which defines requirements before being sited in town. The homes “Must be structurally sound, clean, sanitary, well maintained and approved by council.” Any home …
After a three-day losing streak, U. S. stocks moved slightly higher today amid strong corporate returns and lower-than-expected jobless claims. CNNMoney reports the Dow Jones Industrial Average gained 27.65 points, +0.18 percent, to close at 15,498.32. The Nasdaq climbed +0.41 percent, +15.11 points to end the day at 3,66.12, while …
Three Major Indexes make Modest Gains; Tracked Housing Stocks Mixed Read More
Builder confidence in the 55+ housing market for single-family homes rose to its highest second quarter level since the National Association of Home Builders (NAHB) began keeping track in 2008. Marking the seventh quarter of year-over-year improvements, the Housing Market Index rose 24 points to 53, as MHProNews has learned. …
Killam Properties, Inc., headquartered in Halifax, Nova Scotia, Canada reports for the second quarter 2013 property income rose 2.5 percent from $33,679,000 to $34,506,000 as compared to Q2 2012, yielding a net rental income loss of -0.5% year-over-year–$20,331,000 in 2012 versus $20,225,000 in the same period of 2013. Net income …
Mortgage closing costs have risen on average six percent this year, from $2,264 to $2,402, based on a $200,000 loan with 20 percent down and good credit. Origination fees increased eight percent to $1,730, while third-party fees rose one percent to $672. With interest rates historically low in the past …
A 200 (plus)-room pod hotel for Williamsburg in Brooklyn is being planned, and architect Jim Garrison, who designed the modular hurricane-proof lifeguard stations for Rockaway Beach, may utilize modular construction for this project as well. He also designed the modular daycare center for Lehman College, erected in three days, and …
As mortgage giant Wells Fargo lays off 763 workers in its Home Mortgage division because refinancing requests are declining, the company says it will try to find other positions for those employees, who are receiving 60 days’ notice. Meanwhile, last month Citigroup announced it will cut 120 employees at a …
In a session with Zillow CEO Spencer Rascoff, President Obama fielded housing-related questions coming in via social media. Noting the recession and corresponding drop in home values was unlike anything seen in many years, he said refinancing could save homeowners $3,000 a year, although the housing market, while recovering, remains …
President Obama Discusses the U. S. Housing Market Read More
In a repeat of yesterday, investors continue to worry the Federal Reserve’s asset purchase support of the economy will end soon, causing the three major indexes to finish the day in the red. CNNMoney reports the Dow Jones Industrial Average slid -48.07 points, -0.31 percent, to close at 15,470.67. The …
Williams County commissioners in Williston, North Dakota are denying two Conditional Use Permit (CUP) extensions for workforce camps built to service oilfield workers. The extension for Rik Ostert was denied because he did not build a road he agreed to three years ago, and then rented space on his property …
North Dakota Oilfield Camps in Jeopardy of Being Closed Read More
Despite gains in the last year, home prices remain 19 percent below their peak in 2006, according to CoreLogic, although U. S. home prices swelled 11.9 percent in June over June of 2012. That is why many homeowners are waiting to put their homes on the market, which keeps the …
Drew Industries, Inc. reports sales for Q2 2013 increased to a record $287 million, a 14 percent increase over the same period in 2012, resulting in net income of $15.9 million, not including an after-tax charge of $0.4 million related to executive succession which would have been $16.3 million in …
The Pickens (South Carolina) City Council approved on first reading an ordinance that would allow additional manufactured homes into residential areas where they previously could not be sited. The new measure would also prevent additional manufactured housing communities from being built. Recommended by the city’s planning commission, the ordinance will …
Ordinance would Allow Manufactured Homes in the City Read More
