HousingWire reports CoreLogic says in its Pending Home Price Index home prices in August rose 4.6 percent over a year ago, the biggest increase year-over-year since July 2006, but only 0.3 percent over July, 2012. When distressed sales are excluded, August home prices rose 4.9 percent over a year ago. …
WVPubCast tells MHProNews two new modular homes now dot Route 52 just outside Welch, West Virginia in the southwestern corner of the state. Penni Padgett, Housing Director of the Council of the Southern Mountains, notes it is a milestone. “It is a small start but it is a start,” she …
Spain’s banking woes sent a chill through investors who remained cautious, staying against the wall with their hands in their pockets, as all three indexes moved less than a quarter of a point in either direction. CNNMoney reports the Dow Jones Industrial Average dropped -0.24 percent, -32.75 points, to close …
Nobility Spikes, Patrick Drops, Housing Composite Gains Read More
EarthTechling informs us the Solar Decathalon Europe competition was won by a French team’s modular, stackable solar home that produces enough energy to earn the net zero ranking—-and charge the family’s electric car. Utilizing a nano tower design, the Canopea can be stacked vertically for high density sustainable housing, and …
A Czech designed energy-efficient modular home, the Freedomky, features a heat recovery ventilator and air-to-air heat pump as well as photovoltaics and solar thermal hot water. As OregonLive tells MHProNews, this “tiny house movement” home is available in 248 and 409 square feet, and can be assembled in five hours. …
BizJournals reports from Seattle, Washington nonprofit developer Common Ground is considering several options to increase affordable housing in the state, according to a study the organization released. It costs $200,000 to develop a new rental housing unit in Washington, twice the national average, and the state is restrictive about what …
Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (UMH) announced the board of directors declared a quarterly dividend of $0.18 per share on the company’s common stock payable Dec. 17, 2012 to shareholders as of Nov. 15, 2012. Additionally, on the company’s 8.25% Series A Preferred Stock, …
Widespread environmental management problems at 73 manufactured home communities led to the imposition of a $1,339,000 penalty for violating state and federal clean water and waste treatment statutes. All the communities are connected to Frank Perano of Lehigh Valley, Pennsylvania, who has signed a consent decree to pay, pending court …
IndyStar reports the sale of existing homes in the greater Indianapolis metropolitan area rose 12.3 percent in August over August, 2011, according to the Metropolitan Indianapolis Board of Realtors, although the sales pace was slower than the period of April through July. August 2012 sales totaled 2,593 versus 2,308 last …
U.S. stocks rallied today on better-than-expected manufacturing news, but fell back after Federal Reserve Chairman Ben Bernanke defended the Fed’s latest stimulus action and suggested it was time for Congress to act. CNNMoney reports the Dow Jones Industrial Average gained +77.98 points, +.58 percent, to close at 13,515.11, while the …
Research firm Capital Economics tells HousingWire investors seeking to cash in on single-family rental properties best move quickly. Economist Paul Diggle with Capital says early buyers found prices 30 percent below peak, with potential yields of 8-12 percent. Noting it is likely a one-time opportunity, Diggle says as house prices …
Richard Jennison, President and CEO of the Manufactured Housing Institute (MHI) has announced the appointment of Kelli B. Nelson as the new Director of Government Relations. Her responsibilities will include promoting the manufactured housing agenda to Congress and the executive branch, as well as directing MHI policy and utilizing state …
Kelli B. Nelson, new MHI Director of Government Relations Read More
RealtorMag says home prices may not return to their peak of 2007 for ten years, especially in Nevada, California, Florida, and Arizona, according to analytics firm Fiserv. Noting average prices fell a full one third from 2007 to 2012 across the nation, Fiserv predicts prices will rise 3.7 percent a …
The history of the modular Deck House will be the focus of a symposium in Lincoln, Mass. Oct 10, according to WickedLocal. Founded by Bob Brownell in 1959, the exposed post and beam construction homes feature free flow interiors of upscale materials such as mahogany wood and slate, much different …
WashingtonExaminer says a poll of manufacturers and small business owners commissioned by the National Association of Manufacturers (NAM) and National Federation of Independent Businesses (NFIB) reveals 55 percent would not have started their businesses in today’s economic climate. Additionally, 69 percent say President Obama’s regulatory policies have hurt their business …
Real Estate Investment Trust (REIT) Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for the third quarter, payable Oct. 19, 2012 to shareholders of record Oct. 10, 2012. The company has 29.7 million shares outstanding, according to Yahoo!Finance. Based in Southfield, Mich., MHProNews understands Sun owns …
The National Association of Home Builders reports the pace of new home sales held steady in August at the seasonally-adjusted annual rate (SAAR) of 337,000 units, virtually unchanged from July, according to data from HUD and the U.S. Census Bureau. NAHB Chief Economist David Crowe says, “This latest report indicates …
Even though the third quarter ended on a somewhat sour note, it proved to be quite strong. Additionally, for the year the Dow is up ten percent, the Nasdaq has gained 15 percent, and the S & P has ended Q3 20 percent higher. On the day, however, investors were …
Indexes up for the Year, but Edged Down for the Day Read More
PRWeb reports GDH Housing, LLC in Covington, Louisiana will construct, deliver, and assemble a modular 77 room hotel, comprised of 48 modules, to Williston, North Dakota to ease the rapidly growing need for quality accommodations in support of the oil exploration effort. Through an agreement with modular home builder Ritz-Craft …
The herald-mail reports the Washington County Board of Commissioners in Maryland voted unanimously to opt out of a state mandated requirement to install sprinkler systems in all new one and two-family houses and townhomes. The Maryland General Assembly passed a measure earlier this year to prevent local jurisdictions from diluting …
