CNNMoney tells us with Greek leaders still not reaching a debt relief bill, investors regained some of last week’s losses but continued to shy away from the market as the Dow Jones Industrial Average lost -6.74 points, -0.05 percent, to close at 12,653.72. The NASDAQ fell -0.16%, while the S&P …
Dow Loses One-half Percent; Housing Stocks Mostly Slip Read More
MHProNews.com hears from Canada there has not been a better time to buy a home in nearly 30 years. Mark Weisleder says in TheSpectator in Hamilton, Ontario, Canada, mortgage rates are at an all-time low, the political and social climates are stable, as is the real estate market. According to …
MarketWatch informs MHProNews.com that Drew Industries, Inc., will release its Q4 2011 results Monday, Feb. 13 before the market opens, and at 11 AM eastern time that same morning host a conference call to discuss those results. Q and A session will be limited to institutional investors and analysts. Others …
KentonCountyFox19 tells MHProNews.com Betty C. Whitaker, of Frankfort, Kentucky, the executive director of the Kentucky Manufactured Housing Institute (KMHI), has been appointed to the High Performance Buildings Advisory Committee by Governor Steve Behsear. A measure passed by the state legislature requires all renovated and new buildings for which the sate …
HousingWire tells MHProNews.com Wednesday’s hearing before the House Financial Services Committee will feature John Bostick, Chairman of the Manufactured Housing Association for Regulatory Reform (MHARR), and president of Sunshine Homes. He will testify how HUD’s failure to implement certain provisions of the Manufactured Housing Improvement Act of 2000 has hindered …
According to the Chronicle-Express, New York’s Neighborhood and Rural Preservation Program that helps people replace aging mobile homes with energy-efficient manufactured homes may be eliminated. MHProNews.com has learned Gov. Andrew Cuomo says it will save the state $12 million. The Keuka Housing Council (KHC) in Yates County has been helping …
Yahoo! Finance tells MHProNews.com that Cavco Industries, Inc., will release its Q3 2012 earnings report Thursday, Feb 2, 2012 after the market closes. Friday, Feb. 3, 2012, senior management will host a live webcast at 11 AM eastern time to discuss those results. Headquartered in Phoenix, Arizona, Cavco is the …
Less than spectacular domestic economic data and ongoing concerns about the debt crisis in Greece kept investors shy, as CNNMoney the Dow Jones Industrial Average fell 22.33 points, -0.18 percent, to close at 12,734.63. The NASDAQ fell -0.46%, while the S&P lost -0.57%. Similarly, the Yahoo! Finance Manufactured Housing Composite …
Dow Jones Waffles Down, Tracked Stocks Close Mixed Read More
NationalMortgageNews tells MHProNews.com the U.S. Census Bureau reports new home purchases last year totaled 303,000, declining 6.5 percent in 2011, the lowest number since the 1960’s. Sales of newly-built homes fell to a seasonally adjusted rate (SAAR) of 307,000 from 314,000 in November, a 2.2 percent slide after rising three …
New Home Sales Fall in December; Economists See Growth in 2012 Read More
MHProNews.com has learned the housing downturn pushed rents to record highs in the metropolitan Boston area in the last quarter of 2011, while the vacancy rate dropped to four percent, a nine year low. Average monthly rents went from $1,600 in 2009 to $1,686 Dec. 2011. TheBostonGlobe reports economists expect …
MHProNews.com has learned of a program in Montana to replace pre-HUD Code mobile homes with new, Energy Star-rated manufactured homes in the Great Falls area. The Sun Prairie subdivision outside Great Falls has 240 factory-built homes, many of them older models, where NeighborWorks Montana conducted an open house displaying a …
RedBluffDailyNews of Tehema County in north central California tells MHPronews.com an ordinance passed by the Tehema County Supervisors requires all manufactured homes produced after Jan. 1 to have a sprinkler system installed. The measure does not apply to existing manufactured homes. The ordinance also applies to multifamily homes with two …
MHProNews.com has learned that manufactured housing will be part of the Whitehouse Cove marina development project in Poquoson, Virginia, just north of Newport News on the Chesapeake Bay. Robert Brown and Associates had initially proposed building condominiums with the full service marina and the restaurant, but complications about setbacks and …
HousingWire tells MHProNews.com Consumer Financial Protection Bureau (CFPB) Director Richard Cordray, appearing before a House subcommittee, says he is examining the exclusion of smaller banks from regulations targeted at larger firms responsible for the housing crisis. He says the bureau will analyze how the rules might impact banks with assets …
CFPB’s Cordray Attempts to Allay Congressional Fears Read More
ConnecticutPost tells MHProNews.com Hawaii ranks at the bottom of the list in terms of manufactured homes as a percentage of all housing with only .02 percent, followed by Connecticut, Massachusetts, and Rhode Island with .08 percent, according to 2010 U.S. Census figures. The figure for Connecticut fell from .09 percent …
North Carolina has Highest Percentage of Manufactured Homes Read More
The Greek debt in particular and the ongoing debt crisis in Europe overshadowed trading on Wall Street, as CNNMoney reports the Dow Jones Industrial Average fell 33.07 points, -0.26 percent , to end the day at 12,675.75. The NASDAQ gained 0.09 percent, while the S&P fell -0.10 percent. Meanwhile the …
European Cloud Continues Gloomy, while Mfg. Housing Composite Gains Read More
FinancialNewsNetwork has informed MHProNews.com that two of the three top residential real estate investment trusts (REITs) that have the highest dividend yield in the industry are MHC owners. UMH is number one with a dividend yield of 7.9 percent. UMH has a portfolio of 39 manufactured home communities in New …
Two MHCs Rank First and Second in Dividend Yield Among Residential REITs Read More
The National Association of Home Builders (NAHB) tells MHProNews.com the Government Accountability Office (GAO) reports the lack of government oversight of real estate appraisals has resulted in inaccurate home valuations. Both builders and realtors note 18-33 percent of appraisals have been inaccurate, resulting in cancellations and delays in contracts. A …
SantaFeNewMexican tells MHProNews.com real estate developer Jeff Branch wants to turn his 40 acre tract on the southwest side of Santa Fe, New Mexico, into a manufactured home community. He purchased the property in 2006 and received approval for 222 site-built homes from the city but has been unable to …
Mortgage Bankers Association (MBA) chief executive David Stevens, noting the current 20 percent downpayment requirement is “a direct attack on first-time homebuyers, African-American borrowers and Latinos”, says it will make it more difficult to attract teachers, firefighters, and healthcare workers to new jobs in communities. NationalMortgageNews tells MHProNews.com Stevens says …
