The Wall Street Journal informs MHProNews three senior executives at Sam Zell’s Equity International (EI) real estate company resigned this week on the heels of the head of capital markets departure, as well as co-founder of the fund and CEO Gary Garrabrandt, who left last Sept. Chief Operating Officer Ira …
Following up on a story we posted March 21, 2013 about Texas Legislature HB 3613 that would release delinquent tax liens on manufactured homes beyond the four year statute of limitations, the Texas Manufactured Housing Association (TMHA) says the bill passed the Senate and now goes to the governor, hopefully …
Following up on a post MHProNews last published April 8, 2013 regarding a lawsuit filed against an MHC owner for allegedly violating Penn. law requiring payment relocation expenses to residents of communities that close, realestaterama says Attorney General Kathleen G. Kane has settled with the owners. Kenneth Mayes, II and …
U. S. stocks slid as markets were down around the world, led by the Nikkei in Japan. The Dow had fallen steeply at the beginning of the trading session but recovered to finish with a minor loss. CNNMoney reports the Dow Jones Industrial Average fell -0.08 percent, -12.67 points, to …
Three Major Indexes Slide; Cavco Rises, Deer Valley Drops Read More
MarketWatch reports senior executives of MHC owner UMH Properties, Inc. will present at this year’s National Association of Real Estate Investment Trust’s (NAREIT) REITWeek Investor Forum June 5, 2013. Held at the Hilton Chicago, as MHProNews has learned independently, Northstar Realty Finance Corp. will also be among the presenters at …
Following up on a post from yesterday, May 22, about the three-story disaster housing by Garrison Architects New York City has chosen to meet emergency needs, treehugger compares shipping containers to modular housing, much as NYC did. Shipping containers can be easily stored for a dollar a day, stack 16 …
The National Association of Home Builders (NAHB) reports the inventory of newly-built homes because of the recession has led to both houses of Congress with legislation seeking to resolve some ongoing credit access problems for builders. S. 1002 Senators was introduced by Robert Menendez (D-NJ) and Johnny Isakson (R-Ga). Similar …
MHProNews has learned from CNNMoney the National Association of Realtors (NAR) released figures today that show total home sales rose 0.6 percent in April to just under an annual pace of five million, up nearly ten percent from a year ago. Lawrence Yun. Chief economist for NAR, noting consumer traffic …
Following an article MHProNews posted April 1 regarding Clayton Homes CEO Kevin Clayton partnering with teacher Patricia Bradley to open a STEM school (science, technology, engineering, and math), knoxnews says classes are on track to start July 19, with Bradley as principal. The Clayton-Bradley Academy will begin with 140 students …
Investors got mixed messages from the Federal Reserve, causing them to back off from the market today after earlier hitting new highs, sending the three indexes into the red. CNNMoney reports the Dow Jones Industrial Average fell -0.52 percent, -80.41 points, to close the day at 15,307.17. The Nasdaq dropped …
Tracked Housing Stocks Range Widely:Skyline Rises, Cavco, LPX Drop Read More
According to the nypost, New York City has chosen a three-story, three-unit emergency modular housing prototype, complete with balconies, to be sited next to the Office of Emergency Management in Brooklyn. The upper two floors are 822 square-foot, three-bedroom units with a 480 square-foot handicap accessible apartment on the first …
Modulars will be Equipped, Shipped and Clipped Together Read More
According to what multihousingnews tells MHProNews, Jonathan McClellan and Kyle Baskin of Marcus & Millichap Real Estate Investment Services have been named senior directors of the company’s National Manufactured Housing Group. Since joining the Cleveland, Ohio firm in 2006, McClellan has closed on 48 transactions totaling over $148.5 million, according …
As follow-up to a story we posted April 18, 2013 concerning property tax rates in Iowa, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) informs MHProNews if SF 295 passes, property taxes on land lease communities will fall. The current rate is 100 percent of assessed value. With passage, …
NewsChannel34 reports the city of Binghamton, New York partnered with city, state and private sources to acquire and demolish four blighted homes and replace them with three affordable, energy-efficient, single-family modular homes at a cost of $700,000. Community housing developer First Ward Action Council’s (FWAC) Executive Director Jerry Willard says, …
MyMotherLode tells MHProNews Columbia Mobile Home Park in Columbia, Calif. east of San Francisco, may lose its water and sewer service June 5 unless a $17,884.35 overdue bill is paid. A notice to that effect was posted May 21 at the community which has 63 homesites, 13 of which are …
KnoxNews informs MHProNews Miss Kay and Phil Robertson, stars of the A&E reality TV show “Duck Dynasty” have signed an agreement, along with Phil’s brother, Si, to do a series of commercials promoting Clayton Homes. “What do I know about Clayton Homes?” Phil Robertson asked. “I know they’re built right …
According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by Hispanics, generating over $500 billion in home sales. An additional $233 billion in commissions, fees and spending connected to home-ownership would further …
Immigration Reform Could be Boon to Housing Industry Read More
Investors, hearing that the Federal Reserve may continue its Quantitative Easing policy, sent the Dow and the S&P to new highs during today’s trading session. CNNMoney reports the Dow Jones Industrial Average gained +0.34 percent, +52.3 points, to close the day at 15,387.58. The Nasdaq advanced +0.16 percent, +5.69 points, …
Dow and S&P Hit New Highs; Tracked Housing Stocks Mixed Read More
As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet: …
MHProNews has learned from The Jerusalem Post the 50 families forcibly removed from the Migron outpost in the West Bank of Israel due to a ruling by the Israeli High Court of Justice have been relocated to modular homes a mile and-a-half away. The court ruled the land belonged to …
