With Chinese exports only up one percent since a year ago and declining U.S. import and export prices, lackluster investors hit the pause button amid fears of a global slowdown. The three indexes gained slightly, but none was above one-third of a percentage point. CNNMoney reports the Dow Jones Industrial …
More Housing Stocks Lose than Gain, as Dow Nudges Up Read More
The Mortgage Bankers Association (MBA) reports that Federal Housing Authority (FHA) foreclosures started spiked 60% from the first quarter, hitting 1.53%, the highest point in several years. Excluding foreclosures, according to NationalMortgageNews, FHA delinquencies fell to 11.89% from the first quarter’s 12%, while the inventory of FHA foreclosures increased to …
Yahoo! Finance says Universal Forest Products, Inc. (UFPI) released the following statement of earnings as a percentage of net sales, comparing Q2 2011 to Q2 2012: The company reports gross profit of 12.1% for the second quarter of 2012 versus 10.4% for the same period 2011; earnings from operations increased …
MHProNews has learned from the U.S. Dept. of Urban Development (HUD) that the owner and staff of MHC Heritage Point Mobile Home Park in Montgomery, Alabama have been charged with violating the Fair Housing Act for refusing to rent a home site to an African American family and for following …
bizjournals tells MHProNews Tampa, Florida-based Deer Valley Corp. reported net income of $179,651 for second quarter 2012 versus $327,485 net income for the same period of 2011. Revenue fell to $7.6 million for the quarter ending June 30, 2012 versus $7.8 million for the same period last year. With factories …
Yahoo! Finance says Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports for the second quarter 2012 funds from operations (FFO) increased 5.7% over the same period 2011, while revenue from property rose 9.6% 2012 over 2011, $33,679,000 over $30,735,000. Net operating income increased to $20,518,000 in 2012 from $18,687,000 …
Volume on the New York Stock Exchange was light today as investors digested a better-than-expected drop in initial jobless claims, a narrowed trade deficit, and a surprise decline in wholesale inventories, according to CNNMoney. The three main indexes remained at their highest levels since May as the Dow Jones Industrial …
The National Association of Home Builders tells MHProNews builder confidence in single-family homes for the 55+ market for Q2 2012 more than doubled over the second quarter of 2011, from 13 to 29, the highest second quarter reading since this sector of NAHB’s Housing Market Index (MHI) started in 2008. …
Following a story we first published June 11, 2012, the SidneyHerald says the West Side Elementry School in Sidney, Montana continues to try and find affordable housing for the 16 new staff members hired since last year. Schools superintendent Daniel Farr says 90 percent of the staff cannot afford local …
enewschannels reports NeoPod Systems, LLC of Sunrise, Florida has teamed with Second Street Capital, Inc. to provide builders with modular kitchens and bathrooms that can be readily integrated into the construction process of multi-family, military, medical clinic, and dormitory-type projects. The modular units include framing, fixtures, painting, and connections as …
As follow-up to a story we published this Monday, Aug. 6 about YES! Communities purchase of 42 MHCs comprised of 10,500 home sites from American Residential Communities (ARC), also of Denver, the NewsObserver reports from North Carolina ten of the communities and 2,500 of the home sites are in Greensboro …
YES! Says “Yes” to Better Service for Community Residents Read More
IndyStar states Drew Industries’ subsidiaries, Lippert Components, Inc. and Kinro Manufacturing, Inc., will add 260 new jobs by 2015 as the result of a $3.65 million expansion. Lippert and Kinro already employ 4,000 full-time employees at their respective plants in northern Indiana, and will begin hiring the new workers this …
OriginationNews says in the first quarter 2012 seven Florida housing markets were on Realtor.com‘s housing recovery list, but only one market in California was included. In the second quarter, six CA markets placed on the top ten list. In addition, Seattle, Phoenix, Boise City and Minneapolis were among the top …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee (MHCC) Administering Organization (AO), the National Fire Protection Association (NFPA), has asked MHCC members to state their preference for a meeting date between Oct. 23 and 25, 2012, the first full meeting since Oct. 2011. MHCC’s …
CNNMoney reports there was not much movement in U.S. stocks as investors stepped back for a breather with the three major indexes at the highest levels since May. The Dow Jones Industrial Average gained a mere +7.04 points, +0.05 percent, to close at 13,175.64. The Nasdaq lost -4.61 points to …
Nobility Falls, Skyline Rises, Indexes Move Slightly Read More
RVBusiness reports an audience of more than 300 celebrated the induction Monday, Aug. 6, of the 40th anniversary class into the RV/MH Hall of Fame in Elkhart, Ind. Four people from the RV manufacturing, distribution and promotion sector, two from the RV park and campground sector and four from the …
NJ.com says the city of Bridgeton, New Jersey will be the site of the state’s first and only green modular home manufacturing plant. Located in the southwestern part of the state and known for its industrial base, Renewable Jersey, LLC will utilize three of the four warehouses, originally used by …
The StatesmanJournal reports from Aumsville, Oregon city officials are trying to comply with a state ordinance that permits recreational vehicles long-term stays in manufactured housing communities. Current city code prohibits long-term stays because chemicals in RV holding tanks kill bacteria that processes raw sewage in the city sewer system. State …
Thirty-three percent of mortgages refinanced through Fannie Mae and Freddie Mac were closed through the Home Affordable Refinance Program (HARP), the most since the program began in March 2009. For the first six months of this year, Fannie Mae and Freddie Mac processed 422,969 loans through HARP, more than the …
WISH-TV reports from southern Indiana piles of splintered wood continue to line the roads that wind through Henryville and Marysville and surrounding hills from the E F-4 tornado that swept through this southern Indiana region March 4, 2012, killing 12 people. While the Henryville High School was mostly rebuilt and …
