The Washington Post reports that the federal government is moving manufactured homes into the New York and New Jersey areas hit hardest by Hurricane Sandy, according to the Federal Emergency Management Agency (FEMA). Forty prefabricated homes are en route to a staging area in New Jersey from Maryland, and FEMA …
NNMoney reports the latest twist on Craigslist is people looking for co-signers on loans because they do not have good enough credit on their own. A would be borrower in Ohio is offering a tractor and a car as collateral for someone to co-sign a $5,000 personal loan. A student …
Investors’ fears of political gridlock regarding the upcoming ‘fiscal cliff’ that could put the U.S. economy back into recession trumped a drop in first-time unemployment claims as well as a trade deficit that narrowed to $41.5 billion instead of expanding, putting the indexes in the red for today. CNNMoney reports …
Indexes Drop One Percent, most Tracked Housing Stocks Follow Read More
NorthernOntarioBusiness reports Wincrief Modular Homes in Kenora, Ontario, Canada is a partnership between Moncrief Construction Ltd. and Wabassemooong (Whitedog) Independent Nation, utilizing a First Nation workforce. Wincrief began slowly nearly two years ago and has now sold 28 homes, some of them locally, and is now building duplexes for a …
MHProNews has learned the 127-acre RV community Rainbow RV Resort in Frostproof, Fla. has been sold to Sun Communities, Inc. of Southfield, Mich. Brokered by Marcus & Millichap, Rainbow is located in central Fla. east of Tampa, and offers a large heated swimming pool, a 15,000 square foot modern clubhouse …
While President Obama’s re-election will likely thwart hopes of altering Dodd-Frank or the CFPB (Consumer Financial Protection Bureau), a more immediate concern is the possibility that the U.S. Treasury Dept. may have to bailout the Federal Housing Administration’s Mutual Mortgage Insurance Fund, according to nationalmortgagenews. A Romney administration would likely …
WisconsinNews reports from Sauk Center, Wisconsin, just north of Madison, a shipment of modular homes had a piece of Highway 12 paralyzed in the downtown area because there was not enough room to turn a corner. Sauk Center police were called to direct vehicles. MHProNews could not immediately determine …
A tax break that gives homeowners the opportunity to save thousands may expire by the end of the year unless it is renewed by Congress. CNNMoney informs MHProNews the Mortgage Forgiveness Debt Relief Act of 2007 protects homeowners from having to pay income taxes on the portion of their mortgage …
HousingWire reports median single-family home prices rose in 120 out of 149 metro areas, up significantly from the 39 metros that recorded price increases a year earlier, according to the National Association of Realtors (NAR). Showing the strongest year-over-year increase for single family homes since Q1 2006, the national median …
A sell off on Wall Street in response to President Obama’s victory amid concerns about the fiscal cliff he faces led to stocks spiraling down, as the three indexes dropped nearly two-and-a-half percent. CNNMoney reports the Dow Jones Industrial Average lost -2.36 percent, dropping 312.95 points, to close below 13,000 …
iStockAnalyst informs MHProNews Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports their financial results for the third quarter 2012 saw funds from operations (FFO) fall from $0.216 per share in Q3 2011 to $0.213 as the net proceeds from the sale of 12 MHCs in May were not yet …
Bloomberg tells MHProNews the Dollar Index, which tracks American currency against that of six of our trading partners, rose 0.3 percent to a seven-week high on the news of President Obama’s re-election, a sign of a weakened dollar. The index hit 80.83 after touching 80.92. Investors are concerned the president …
According to the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI), the number of U.S. markets showing consistent improvement increased by 22 to 125, Oct. to Nov. Based on employment, housing permits, and house prices for at least six consecutive months, markets qualifying for the list grew …
HousingWire reports Core Logic’s Sept. 2012 home price index (HPI) indicates national home prices increased five percent on a year-over-year basis. This represents the largest year-over-year increase since July 2006, and the seventh consecutive month of annual home prices increase. Oct. 2012 home prices, including distressed sales, are expected to …
In a 2008 design competition sponsored by the New York’s Office of Emergency Management (OEM), the goal was to design housing in response to a massive flood that required emergency housing for 38,000 people, flooded the subways and neighborhoods, leaving people with no where to live, work, or go to …
Blue Chip stocks advanced as Americans flocked to the polls, sending all three indexes into positive territory. CNNMoney reports the Dow Jones Industrial Average moved up +1.02 percent, gaining 133.24 points, to close at 13,245.68. The Nasdaq advanced +0.41 percent, +12.27 points to close at 3,011.93, while the S&P moved …
Zacks Investment Research reports Universal Forest Products, Inc.’s (UFPI) 2012 third quarter earnings fell below year ago earnings per share by $0.01 to $0.28, and $0.10 below Zacks Consensus estimate of $0.38 a share. A $2 million Canadian anti-dumping duty severely impacted the low return. Higher lumber prices contributed to …
In its rundown of Berkshire Hathaway’s third quarter 2012 financial report, ValueWalk reports earnings for Clayton Homes, which comprises the finance and financial products sector, rose 19 percent year-over-year, based on a one percent increase in revenues to one billion dollars. Although units sold increased five percent, the lower average …
The housing shortage in New York City for this winter is so acute public officials are considering FEMA (Federal Emergency Management Agency) trailers and manufactured housing in areas outside the city where there is room to site them. Other options include area hospitals with empty beds, even state-run mental hospitals. …
Jay Hesse of Blue Ox has donated $5,000 to the RV/MH Hall of Fame Museum in Elkhart, Ind., and has set up a “peer challenge” program to encourage other RV/MH industry donations to pay off the bank note by April 30, 2013. Anyone donating $1,000 or more would challenge three …
