CanadaNewswire tells MHProNews Halifax, Nova Scotia-based Killam Properties, Inc. (TSX:KMP) announces the board of directors has declared a monthly dividend of $0.04833 per share will be paid to shareholders of record Oct. 31, 2012 on Nov. 15, 2012. This is the same monthly dividend amount that was paid Oct. 15. …
The Energize Indiana initiative was begun by the state to help consumers reduce their utility usage, according to the Banner-Graphic of Greencastle, IN just west of Indianapolis. United Way of Putnam County is soliciting residents to take advantage of a free home energy assessment in exchange for which United Way …
U.S. stocks took a slight tumble as investors eye a Chinese economic slowdown, a growth in first-time unemployment claims, and a bad earnings report card from Google. CNNMoney says the Dow Jones Industrial Average fell -0.06 percent today, -8.06 points, to close at 13,548.94. The Nasdaq lost -1.01 percent, -31.25 …
The National Association of Home Builders (NAHB), while noting their prediction of a 21% rise in single-family housing starts this year to 528,000 units, and next year to 665,000, says the uncertainty of how the Dodd-Frank Act plays out is preventing lenders from loosening credit, and further constraining the housing …
House Financial Services Chairman Spencer Bachus (R-Ala.) released a report in rebuttal to Dodd-Frank supporters who claim the new law ends bailouts. Entitled, “The Dodd-Frank Act, the Persistence of ‘Too Big to Fail,’ and the Institutionalization of Government Bailouts,” the analysis asserts Section 204 of Dodd-Frank allows the FDIC to …
Modular builder Red Sea Housing Services in Jubail, Saudi Arabia reports profits for the first nine months of 2012 rose 32 percent over the same period 2011, according to ConstructionWeekOnline. Year-over-year profits for the three months since June nearly doubled compared to last year. The company said the net income …
Despite calls by analysts and policy makers following the recent crash to get the government out of the housing business, Kerri Ann Panchuk of HousingWire says the GSEs still account for 85-95% of the outstanding mortgage loans, securitized and unsecuritized. Plus there is a myriad of programs to help homebuyers—Home …
Universal Forest Products, Inc. (UFPI) reported an increase of 13.7 percent net sales Q3 2012 over Q3 2011, $533.4 million over $486.9 million. Due to a $2 million one time, pretax charge for a loss contingency, net earnings were $4.2 million in 2012 versus $5.6 million in the same period …
U.S. stocks moved very little despite positive housing news and strong third quarter corporate reports. CNNMoney reports the Dow Jones Industrial Average rose +0.04 percent today, +5.22 points, to close at 13,557, while the Nasdaq gained +0.10 percent, +2.95 points to close at 3104.12. The S&P also edged up, +0.41 …
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RVBusiness says White Plains, NT-based Drew Industries, parent company of MH and RV suppliers Lippert Components, Inc. and Kinro, Inc. will release its third quarter 2012 corporate financial report prior to the market opening Oct. 31. A conference call will follow that same day at 11 AM eastern time, although …
The National Association of Home Builders says statistics from HUD and the U.S. Census Bureau report new home construction shot up 15 percent to a seasonally-adjusted annual rate (SAAR) of 872,000 units. New single-family home construction accounted for 11 percent of the increase, 603,000 units, the best rate since Aug. …
Following a story we last published Sept. 24, 2012, concerning a race between two women for House District Seat 37 in southeastern Delaware, Cape Gazette Village Soup has posed questions to the candidates. Republican Briggs King is the incumbent and vice president of the county realtors association. Democratic challenger Beth …
While the Mortgage Bankers Association (MBA) asserts the Consumer Financial Protection Bureau (CFPB) goes beyond Dodd-Frank in its proposed mortgage servicing guidelines by creating compliance barriers, it also calls the proposed exemption for smaller servicers too narrow. HousingWire tells MHPronews consumer groups say the servicing standards do not protect distressed …
According to HousingWire, FNC’s most recent Residential Price Index (RPI) shows real estate values have risen to a 20 month high, as foreclosure sales have fallen 23 percent from a year ago to 17.4 percent. In the second quarter FNC home prices increased 2.7 percent, marking the largest rise in …
NationalMortgageNews reports loan modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP) rose to 76,000 in August, an increase over the 66,000 in July and 46,400 in June. Of the 59,459 proprietary loan modifications in August, Hope Now says 93 percent had fixed interest rates …
A strong batch of corporate earnings reports pleased investors today, sending stocks and all three indexes into positive territory. CNNMoney reports the Dow Jones Industrial Average rose +0.95 percent today, +127.55 points, to close at 13,551.78, while the Nasdaq gained +1.21 percent, +36.99 points to cross the 3100. mark and …
MHProNews has learned the NAHB/Wells Fargo Housing Market Index (HMI) for newly-built single-family homes edged up one point to 41, its highest reading since June 2006. Any score above 50 indicates builders see sales conditions as good rather than poor. “Many builders are reporting increases in the number of serious …
Following a story from May 21, 2012, PalmBeachPost says a plan to close the Whitewater Senior Adult Park MHC and develop the land into multifamily rental units and a commercial center will come to a final vote before the Jupiter, Florida Town Council. Arrangements have been made with Lakeshore Communities …
We covered a story Oct. 4, 2012 concerning the federal court-ordered closing of Duroville MHC in Mecca, Calif. due to poor housing conditions, and the fate of those living there. MyDesert reports 41 of the manufactured homes of the 180 homesite Mountain View Estates in nearby Oasis, Calif. had been …
CNNMoney tells MHProNews while Citigroup reported a net profit of $468 million for the third quarter, including several significant losses, their mortgage originations, unlike other large lenders, fell 15 percent from a year earlier to $14.5 billion. Chief Financial Officer John Gerspach, admitting his company did not increase staff quickly …
