HousingWire reports in the wake of the financial meltdown, the nation gained 4.8 million renters in the last six years while losing 1.7 million owner households, according to the Mortgage Bankers Association (MBA). In the housing finance sector, the MBA predicts mortgage originations will hit $1.7 trillion in 2012, an …
MBA Prognosis: Slow Crawl to Health with Potential Busted Knees Read More
NationalMortgageNews says the new Mortgage Bankers Association (MBA) Chairwoman Debra Still says the mortgage industry has to repair its image from top to bottom toward rebuilding the housing and residential finance sectors. Noting lenders have to be committed to do a better job, she says, “Nowhere do we have more …
Negative earnings reports from several big corporate hitters sent U.S. stocks reeling, as the Dow Jones Industrial Average fell 243.36 points, -1.82 percent, to finish the day at 13,102.53. CNNMoney says the Nasdaq lost -0.88 percent, -26.50 points to close at 2,990.46, while the S&P fell -1.44 percent, -20.71 points …
Equity LifeStyle Properties, Inc., (ELS) reports its Funds From Operations (FFO) rose from $33 million, or $0.76 per share in Q3 last year to $53.2 million, or $1.17 per share for the third quarter of this year. According to RVBusiness, for the nine months ending Sept 30, 2012 FFO hit …
TheDailyStar tells MHProNews a modular project is under way in Sidney, New York, northeast of Binghamton, to provide housing for persons with developmental disabilities. Bought last year by the state Dormitory Authority for the Broome Developmental Disabilities Service Office, one of the six lots already has a modular home outfitted …
Following a story we posted Oct. 12, 2012 concerning Salisbury, Mass.’ desire for the state legislature to permit manufactured housing to qualify as affordable housing, Town Meeting voted Oct. 22 to send a home rule petition to the legislature for the second year in a row. As newburyportnews tells MHProNews, …
SmartPlanet informs MHProNews from Buenos Aires, Argentina prefabricated housing has meant low cost housing for years in Latin America. Additionally, labor is very low cost, so stacking bricks to make a home is relatively inexpensive. Sebastian Koltan has developed a galvanized steel-framed modular house with distinctive sustainability features: polyurethane foam-filled …
TheTimesNews tells MHProNews a Burlington, North Carolina man has been rebuilding manufactured homes in the neighborhood where his family has a business, which is contributing to the rebuild. Bill Mitchell established his roofing business in the 1960’s. His son, Jeff Mitchell, took over in the 1990’s and convinced the Burlington …
Marianas Variety reports from Micronesia in the South Pacific the first green-designed modular homes are becoming commercially available as affordable housing on the island. Nanum Consulting Corp. is partnering with Guam HNC Inc. and Guam Nexus C&D to build steel-framed affordable one and two-bedroom homes for $50,000. The homes have …
According to Mark Calabria, director of financial regulation studies at the Cato Institute, data collected by Lender Processing Service (LPS) reveals that for the first time, more than half of the borrowers in foreclosure have been in foreclosure previously. Writing in FinanceTownhall, Calabria says while first-time foreclosures have been falling …
Investors are cautiously awaiting corporate returns this week, keeping activity on the stock market low, although the three indexes did manage meager gains for the day. CNNMoney says the Dow Jones Industrial Average edged up +0.02 percent today, +2.38 points, to close at 13,345.89. The Nasdaq gained +0.38 percent, +11.34 …
The billingsgazette reports because housing is so scarce and wages are so great in the Bakken Oilfield in western North Dakota, the running joke is the oilfield holds the record for homeless people with $100,000 incomes. A housing summit last spring determined the need for 5,000 housing units for the …
According to realclearpolitics, based on voting patterns since 1972 and polls by an extensive list of news and survey organizations going back to 2009, of the 270 electoral votes needed to win the U.S. presidency, 201 votes are likely for Obama/Biden, while 206 votes are likely in the Romney/Ryan camp. …
Community NASDAQ reports UFP Washington LLC, a subsidiary of Universal Forest Products, Inc. (UFPI), has agreed to acquire the assets of Nepa Pallet and Container, Inc., a manufacturer of pallets, bins and containers for industry and agriculture in Washington. This acquisition strengthens UFPI’s foot hold in the Northwest U.S., and …
The Midland Daily News reports a marketing company has established a website for Tyrone Woods MHC in Fenton, Michigan that gives the residents better internet service and allows them to connect with each other and management easier. Called a “property website management solution” by its developer, enrichesolutions, a subsidiary of …
The Dow Jones graphic says it all—the line continues downward all day until a little hiccup near the end. Good news from the housing market could not temper weak earning reports from Microsoft, McDonald’s, Google and General Electric that pounded the Dow down over 200 points, keeping investors on the …
Dennis Hill and Show Ways Unlimited, Inc. are proud to announce the launching of the Louisville Manufactured Housing Show 2013 website. The website provides a robust display of specific seminars, exhibiting manufacturers, service and supply vendors that will be at the show, in addition to some of the movers and …
The Citizen-Times in Asheville, North Carolina reports Clayton Homes Regional Manager Joe Belcher is running for a seat on the Buncombe County Board of Commissioners. A Republican and strong proponent of bringing more business into the area as well as reducing government debt, Belcher is equally as strong in support …
MarketWatch reports Equity LifeStyle Properties, Inc. (ELS) announces the company’s CEO, Thomas Heneghan, will become CEO of Equity International effective Feb. 2013. The company’s current president and CFO, Marguerite Nader, will fill the position of ELS’ president and CEO as of Feb. 1, 2013. As MHProNews reported Sept. 13, Heneghan …
The Daytona Beach NewsJournal reports from Florida Volusia County recorded its best quarter for new residential building permits in four years, notching 239 permits in Q3 2012, an increase of 104 percent over the same period in 2011. The pace is 35.8 percent over the second quarter of 2012. Rob …
