While stocks remain near all time highs, they fell slightly today on news the economy contracted in Q4 2012. Meanwhile, the Federal Reserve says it will keep its bond-buying program intact. CNNMoney reports the Dow Jones Industrial Average nudged down -0.32 percent, -44 points, to end the day at 13,910.42. …
RTTNews says Equity LifeStyle Properties (ELS) reports revenues for Q4 2012 increased to $171.93 million from $162.32 million for the same period in 2011. Funds from operations (FFO) for the fourth quarter hit $50.3 million, or $1.11 per share, as compared to $44.8 million, or $0.99 per share for the …
According to nationalmortgagenews, newly elected Representative John Delaney (D-MD) will take his seat on the House Financial Services Committee with an eye on reforming the nation’s housing finance system and reducing government intervention. With a background including establishment of a healthcare finance company and organizer of BancAlliance, a community loan …
Freshman Congressman (and Banker) Sets Sights on Housing Read More
MHProNews has learned the Texas Manufactured Housing Association (TMHA) is sponsoring a Capitol Visit Day Tue., March 5 for industry members to demonstrate their strength to legislators during the state’s legislative session. Participants will receive a packet of information with talking points for specific legislators, and will visit their offices …
CNNMoney says the S&P CaseShiller home price index (HPI) of 20 major metropolitan markets indicates prices in Nov. were up 5.5 percent over Nov. 2011, the largest monthly increase since Aug. 2006, before the housing balloon deflated. As MHProNews understands, rising prices means fewer homeowners will be underwater on their …
The Asbury Park Press reports the federal government has sent $780 million in grants and loans to New Jersey for Hurricane Sandy relief. The figure includes over $300 million in housing assistance for 52,000 people and $338 million in loans from the Small Business Administration (SBA) for individuals and businesses. …
A report showing home prices posted their biggest increase in six years was weighed down somewhat by an unexpected drop in consumer confidence. Meanwhile, the Dow and S&P approached new all time highs, currently 14,164 and 1,565, respectively, from Oct. 2007. CNNMoney reports the Dow Jones Industrial Average nudged up …
Skyline, Nobility Gain Nicely; Dow, S&P Approach Records Read More
The MHI says the U. S. Court of Appeals for the District of Columbia district ruled the Obama administration did not have the authority to fill three recess appointments to the National Labor Relations Board (NLRB) Jan. 4, 2012. That was the same day President Obama made a recess appointment …
The timesunion reports 40 housing modules are on their way from the Port of Albany, in New York, to St. John’s, Newfoundland, Canada for housing offshore drilling workers. Manufactured by a Champion Homes plant in Sangerfield, NY, the modular homes are destined for Exxon/Mobil’s Hebron Project that seeks to recover …
StaceyPageOnline says the petition to the Board of Zoning Appeals for a variance by Forest Manor Mobile Home Community in Warsaw, Ind. has been approved. The MHC intends to add 29 homesites. MHProNews has learned there were no objections from neighbors. (Photo credit: gfhomesandland)
According to The Press Enterprise, a Chinese maker of scaffolds for the construction industry is purchasing a former Skyline Corp. RV plant in Hemet Calif., just southeast of LA. Skyline closed the facility in April 2012, eliminating 80 jobs. As MHProNews understands, Elkhart, Ind.-based Skyline maintains a manufactured housing plant …
TradingCharts reports Cavco Industries, Inc. will release its earnings report for Q3 of fiscal year 2013 Thurs. Jan. 31 after the market closes. Senior officials will discuss the results in a live webcast Fri. Feb. 1 at 11:00 AM eastern time. Listen via Internet: http://www.cavco.com under the Investor Relations link. …
According to crainsnewyork, CEO and Chairman of Forest City Ratner Bruce Ratner is relinquishing his role as CEO, and Mary Anne Gilmartin, who became executive vice-president in 2007, will replace him. Although it is not clear why or when, one source said Ratner would clearly continue to be involved with …
A Prefab Grows in Brooklyn, p.3, or-Massive MOD Project Changes Head Read More
Investors hung back against the wall of the dance floor despite positive economic and corporate news, cautious about pushing prices higher following four strong weeks of gains, as the three major indexes moved little. CNNMoney reports the Dow Jones Industrial Average dropped -0.10 percent, -14.05 points, to end the day …
Positive Economic Indicators Move Sluggish Stocks Little Read More
WoodworkingNetwork reports Okaply Industries, a producer of plywood, vinyl laminated panels, MDF, particleboard and mouldings for the manufactured housing and commercial modular industries, is opening a fully-equipped moulding dept. at its facility in Calgary, Alberta Canada. Based in Opa, Quebec, just north of Montreal, Okaply opened the plant in Calgary …
The ridgefieldpatch tells MHProNews from the southwest corner of Conn. the people of Ridgefield have seen a number of affordable housing units in their town recently. Currently before the Planning and Zoning Commission is a proposal for an eleven unit modular housing development. By law affordable housing developers must designate …
As follow-up to a story MHProNews last published Dec. 7, 2012, centredaily reports from College Township, Penn., since residents at the Hilltop Mobile Home Park received notices the community will close this Feb., city officials are considering whether to adopt an ordinance requiring developers to include a percentage of affordable …
According to enidnews, the Metropolitan Area Planning Commission (MAPC) in Enid, Okla. will consider amending the city municipal code to allow temporary workforce dormitories be sited on land now zoned industrial to meet housing needs for oil and gas field workers. Although no developers have requested the change, the city …
Door and Window Market Magazine states a study by the Joint Center for Housing Studies at Harvard University indicates the market for remodeling is being stimulated by foreclosures being revitalized, seniors retrofitting their homes in response to changing needs, and energy conscious homeowners making their homes more sustainable. Homeowners over …
The housing shortage in Minot, North Dakota following the Souris River flooding in 2011 and the oil boom in western ND has resulted in students and faculty at Minot State University scrambling for places to live. The university has responded by installing ten modular housing units called ‘Beaver Lodge.” Set …
