Cleveland informs MHProNews one feature of this year’s Mayfield (Ohio) City Schools’ Excel TECC open house May 17 will be modular homes built by high school students from several disciplines—landscaping, the trades, computer-aided design and architecture. Using an old auto repair shop, one of the modular homes is two-story with …
According to utahpeoplespost, real estate investment trust (REIT) UMH Properties, Inc. was upgraded by analysts at TheStreet from a hold to a buy position, as reported by AnalystRatingsNetwork. The company has strong growth in revenue and net income, good return on equity and earnings per share, and reasonable valuation levels. …
MHProNews has learned from nationalmortgagenews that while the number of foreclosures is down, there are still many REO houses that have not seen the light of day in several years. CoreLogic reports foreclosure activity was down in March from the previous March 2012 by 17 percent, but April numbers show …
Foreclosure Activity Down, but the Shadow May Linger Read More
Responding to what are perceived as carved-in-stone strictures, Consumer Financial Protection Bureau (CFPB) director Richard Cordray says regardless of the agency’s QM Rule with its highly-defined rules, lenders should feel safe originating loans that have exhibited strong performance over time, as nationalmortgagenews tells MHProNews. Noting community banks and credit unions …
CNNMoney reports as home prices increase and inventories shrink, appraisers are valuing homes at or above their values, according to chief economist Lawrence Yun of the National Association of Realtors. A Seattle-based real estate agent says none of the appraisals for the homes he has sold this year have come …
HousingWire informs MHProNews first-time homebuyers are facing different circumstances than their parents’ generation. Whereas their parents were saving for a down payment on their first home, Generation Y is burdened with an average $27,000 in college loans which may take ten years to pay off. Housing research site Doorsteps has …
France is in recession, industrial production fell in April, and the Empire State manufacturing survey fell into negative territory, but the Dow and the S&P surged to new highs, and the Nasdaq was at its highest level since 2000. CNNMoney reports the Dow Jones Industrial Average advanced +0.40 percent, +60.44 …
Dow, S&P Hit new Highs Despite Tepid Economic News; Skyline Drops Read More
MHProNews has learned from HousingWire mortgage applications dropped 7.3 percent from the previous week, according to the Mortgage Bankers Association (MBA), and the refinance index fell eight percent from the previous week. Although the seasonally adjusted purchase index dropped four percent from the prior week, it was ten percent above …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) composite reports builder confidence rose from 41 in April to 44 in May, as all three indexes that make up the composite gained. The HMI is based on builders’ perceptions of current sales, sales expectations, and traffic of …
MHProNews has learned from nasdaq that Zacks Investment Research has issued a strong buy on Universal Forest Products, Inc. (UFPI) stock–“Rank#1” in their rating system–due to its strong performance in Q1 2013. A component supplier to the manufactured housing industry, net income for UFPI grew 25.7 percent year-over-year and earnings …
According to what the benningtonbanner tells MHProNews, a complaint filed April 30 against John M. Bushee, Jr., owner of Sunset Farm Mobile Home Park of Bennington, Ver. may lead to foreclosure of the community. Sunset Farm has issues with providing clean water to its residents going back to Dec. 2007, …
Tribune242 reports from the Bahamas the VTrade Company, now operating its light manufacturing business out of an 86,000 foot warehouse, is considering making modular homes or electric cars and expanding into an available 240,000 square foot facility in Freeport. The firm currently makes energy efficient light bulbs, distributes hardware products …
The National Association of Home Builders reports 73.7 percent of the new and existing homes sold in the first quarter of 2013 were affordable to families earning the annual median income of $64,400, down slightly from 74.9 percent in Q4 2012. The data for the NAHB/Wells Fargo Housing Opportunity Index …
Positive sentiment about the progress of the economy plus good financial news from some of the top banks pushed the Dow and the S&P to all new record highs today. CNNMoney reports the Dow Jones Industrial Average advanced +0.82 percent, +123.57 points, to close at 15,215.25. The Nasdaq gained +0.69 …
No Tracked Housing Stocks Fall as Dow and S&P Set Records Read More
Caitlin Nauert of the Texas Manufactured Housing Association (TMHA) tells MHProNews the TMHA board members raised $16,000 towards a fundraiser it is co-hosting with the Manufactured Housing Institute (MHI) for Rep. Jeb Hensarling (R-TX). As Chairman of the powerful House Financial Services Committee, Rep. Hensarling oversees the mortgage industry, and …
The ABQJournal tells MHProNews that the Farmington, New Mexico metropolitan statistical area (MSA) has the highest percentage of manufactured housing as part if its inventory of any metro area in the U. S., at 32 percent. Two-thirds of the county’s 128,529 residents live outside the city in rural areas, including …
The Manufactured Housing Institute (MHI) informs MHProNews the U. S. Department of housing and Urban Development (HUD) is seeking a qualified organization to assist HUD in performing assessment inspections, monitoring, and evaluation of the performance of private and state agencies responsible for oversight of design and construction of manufactured housing, …
New Contractor Sought for Manufactured Housing Program Read More
From msn.co.nz MHProNews has learned the government of New Zealand will add one and two bedrooms to 2,000 existing homes, three-fourths of them in Auckland, to help ease the country’s overcrowding. Under the same program, costing $370 million, 500 new two-bedroom modular homes will be built, the National Party Housing …
The U. S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) have issued new guidelines to assist design professionals, builders and developers in meeting their obligations regarding persons with disabilities when building multifamily housing. The regulations relate to width of doorways and sufficient space in …
Government Issues Guidelines for Multifamily Housing Read More
Investors responded to purported news that the Federal Reserve may reduce its quantitative easing that is pumping $80 billion into the economy each month by backing off, leaving the three major indexes barely moving. CNNMoney reports the Dow Jones Industrial Average slid -0.18 percent, -26.81 points, to close at 15,091.68. …
