While many call for the Federal Housing Authority (FHA) to reduce its presence in the mortgage market, it would not be a wise move with purchase loans as low as they are. MHProNews has learned from nationalmortgagenews, even though much of the housing market news is encouraging, only 2.3 million …
Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations …
The Coshocton City Council is trying to set standards on what type of structures may be allowed in the city, according to the coshoctontribune in Ohio. Service Director Jerry Stenner wants to follow the code adopted by the Ohio Revised Code, but also wants to exclude pre-HUD Code homes and …
The enterprisecommunity reports in The Horizon that as seniors age in manufactured homes and more baby boomers retire, some of whom will likely live in manufactured homes, the need for accessibility wheelchair ramps will increase. Sam Beall, the Enterprise Rose Architectural Fellow, says if you are lucky to live long …
According to palmspringslife, in the 1960’s architect Don Wexler designed seven all steel modular homes in North Palm Springs, Calif. in conjunction with the Alexander Group, each selling for $14,000. The intent was to build 36 homes but the price of materials became prohibitive, as everything except the concrete foundation, …
The latimes tells MHProNews one of the exhibits at the Alternative Building Materials & Design Conference and Expo, which opens at the Santa Monica Civic Auditorium, will also feature a modular home like several home shows we have covered recently. The one on display is a “granny flat”by Modular Lifestyles, …
According to thepublicopinion from Watertown, South Dakota, a public hearing has been set for May 20, 2013 regarding Pelican Plaza LLC’s application for a conditional use permit for its existing manufactured home community. The public is invited to attend or send written comments to the Codington County zoning officer. As …
With all three indexes up between 13% and 15% this year, the strengthening dollar compared to the Japanese yen and other currencies led to another positive day on Wall Street. CNNMoney reports the Dow Jones Industrial Average rose +0.24 percent, +35.87 points, to close at 15,118.49. The Nasdaq gained +0.80 …
Nobility Rises to the Throne as the Three Indexes Show Strength Read More
The National Association of Home Builders (NAHB) informs MHProNews their 55+single-family Housing Market Index (HMI) rose 19 points in the first quarter of 2013 to 46, the largest first quarter increase since the measurement began in 2008. Based on builders’ sentiments about the condition of the market for the coming …
Bloomberg reports Sam Zell, chairman of Equity LifeStyle Properties, Inc. (ELS), says multifamily is the only sector of the real estate market that is a smart investment, and says his real estate holdings are down to 30 percent, a record low for him. Noting stocks are overvalued (the S&P is …
According to CPExecutive, Canyon Capital Realty Advisors and Citi are partnering in a venture to acquire modular workforce housing in underserved areas across the country. Backed by $800 million, the Canyon Multifamily Impact Fund is targeting properties priced from $20 million to $90 million. “Amid increased housing costs across the …
The riograndesun informs MHProNews the Rio Arriba County Commissioners in New Mexico have adopted a resolution that would require manufactured home owners to obtain a tax certificate before moving their homes. While public hearings would be held before the the measure becomes law, the resolution would assess a $10 tax …
Not much was moving on the U. S. stock market today, although the Dow nearly flirted with 15,150 early this afternoon but settled at 15,082.62, dropping -0.15 percent, -22.5 points. Meanwhile, CNNMoney reports, the Nasdaq slid -0.12 percent, -4.10 points, to finish at 3,409.17, while the S&P lost -0.37 percent, …
Major Indexes Drift Downward; Housing Stocks Close Mixed Read More
As follow-up to a post MHProNews published April 8, 2013 about Lippert Components, Inc. requesting a tax break for expanding its operations at three plants in Goshen, Ind., according to the Goshen News approval came from the Goshen City Council May 7 for tax phase-ins. Component supplier to the manufactured …
The industryandtechnologytimes informs MHProNews Japanese builder Kase Sogo will partner with S. Korea’s G. S. Architects & Associates to establish modular home builder Kase Co. in Korea. Model homes will be built near temples in Seoul and Gyeonggi Province, although customization is also available. A Kase Co. official said, “Given …
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013, from $2,738,000 to $5,254,000, from $0.18 a diluted share in Q1 of last year to $0.30 per diluted share Q1 …
HousingWire tells MHProNews that the most recent CoreLogic home price index spiked 10.5 percent nationally, the 13th consecutive monthly increase in home prices nationally. “For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year,” said …
According to cbsnews, a report based on recent data from the Census Bureau American Community Survey states that the percentage of renters paying over 50 percent of their income increased from 22.8 percent to 26.4 percent. The foreclosure crisis, falling home prices, and tighter credit drove former homeowners into rentals …
From down under MHProNews has learned Australian companies Elenberger Fraser and Unitised Building have developed a residential, modular building system suitable for a skyscraper as well as a stylish single-family home. According to gizmag.com, in order to eliminate waste, the dimensions of the prefab building blocks, termed Klik, take into …
Better-than-expected corporate earnings and momentum from last week’s positive jobs report propelled U.S. stocks today, pushing the Dow and the S&P 500 to record highs in hump-day trading. CNNMoney reports the Dow Jones Industrial Average gained +0.32 percent, +48.92 points, to end the day at 15,105.12. The Nasdaq gained +0.49 …
Dow, S&P Set New Highs; Deer Valley and Louisiana Pacific Advance Read More
