“Interest rates will likely stay at current levels for a considerable time after asset purchase program ends,” said Federal Reserve Chief Janet Yellen, when combined with positive earnings and economic data spurred the three major indexes to each gain one percent or more in today’s trading. The Dow Jones Industrial …
Skyline Rises; Dow, Nasdaq and S&P like Fed Chief Yellen’s Comments Read More
Updating a story MHProNews.com last posted Dec. 11, 2013 regarding a new modular apartment building in New York city, the Manufactured Housing Institute (MHI) has received word from The Real Deal that winners of an affordable housing lottery to decide who will have the opportunity to live in the Stack, …
Modular Apartment Winning Entrants to be Chosen in May Read More
Hit hard by the foreclosure process and now trying to fight the ensuing blight, not to mention being embroiled in bankruptcy, Detroit is beginning to sell off some of the 16,000 homes it owns due to tax liens, according to cnnmoney.com. The opening bid for each home will be $1,000, …
Builder confidence in the market for newly built, single-family homes rose one point to 47 in April following a March reading of 46 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Based on a survey the NAHB has been utilizing for 30 years, the HMI …
After falling in early trading to 16,075, the Dow Jones Industrial Average recovered some ground to close at 16,262.56, gaining +89.32 points, +0.55 percent. The Nasdaq gained 11.47 points, +0.29 percent to end the session at 4,034.16, while the S&P 500 moved up +12.37 points, +0.68 percent, to close at …
Nobility Homes Slips, Patrick Industries and Sun Communities Gain Evenly Read More
A jury in Santa Clara County, California entered a verdict against real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (ELS) for $15.3 million in favor of current or former residents of the California Hawaiian manufactured home community (MHC) located in San Jose, California. Plaintiffs alleged ELS did not maintain …
Southfield, Michigan-based Sun Communities, Inc. reports it will release its Q1 2014 financials April 30, prior to the opening of the market, followed by a conference call later that same morning at 11:00 AM eastern standard time to discuss the results, according to marketwatch.com. To participate call toll free 800 …
MHProNews.com has learned the sales rate at LeeCorp’s Country Lakes manufactured home subdivision in Florida has hit 78 percent, as 25 of the 32 homesites have been sold. Country Lakes is a 55 and older community with lots averaging 77 by 162 feet, and priced from $27,900 to $37,900 per …
Manufactured Home Lots Selling in Fort Myers, Florida Read More
Adding to a story MHProNews posted April 4, 2014 regarding the 5.9 percent increase of shipment of HUD Code homes in Feb., 2014 over Feb. 2013, the Manufactured Housing Institute (MHI) reports shipments of single-section homes remained flat while multi-section home shipments increased 11.8 percent. Total floors shipped in Feb. …
Manufactured Housing Shipments Rise from same Number of Plants Read More
A strong rally pushed the Dow Jones Industrial Average up, but it fell around 3 PM, regaining some strength to end the first day of the week up +146.49 points, +0.91 percent, closing at 16,173.24. The Nasdaq gained 22.96 points, +0.57 percent to end the session at 4,022.69 while the …
The Silver City (New Mexico) City Council approved #SD 14-01 request to plat a new manufactured housing community in town, according to grantcountybeat.com. The developer and his wife are longtime residents of Silver City and are investing their life savings in the project to provide safe, affordable housing for working …
New Mexico City Approves new Manufactured Housing Community Read More
Manufactured housing component supplier Drew Industries, Inc. through it wholly-owned subsidiary Lippert Components, Inc. has entered into a six-year aluminum extrusion agreement with Atrium Windows & Doors of Dallas. Drew’s president, Scott Mereness, says the deal means Drew will be able to acquire its extruded aluminum products at a competitive …
According to mideasttime.com, analysts at Wunderlich assumed coverage on real estate investment trust (REIT) UMH Properties, Inc., issuing a “hold rating” and a $10.00 price target on the stock. That target would indicate an increase of 1.21 percent over the previous close. The stock opened at $9.87 on Thurs., April …
While modular housing is picking up steam on Long Island, especially in the wake of Hurricane Sandy as people realize construction time savings, it is causing more steam among the building trades as modules arrive with electric, heating and plumbing systems already built in. Plumbers see their jobs limited to …
Consternation arising from Modular Homes on Long Island Read More
According to nashobapublishing.com, the Wayside Community Association, Inc. has purchased its own community, Wayside Estates in Shirley, Massachusetts facilitated by Cooperative Development Institute (CDI), a part of Resident Owned Communities (ROC) USA, based in New Hampshire. Wayside has set up committees to oversee the upkeep of the 64-homesite community and …
Massachusetts Community becomes Resident-owned Co-op Read More
Investors headed for the door in today’s trading following a big sell-off yesterday, April 10. The Dow Jones Industrial Average dropped -143.47 points, -0.89 percent, to end the week at 16,026.75, according to CNNMoney. The Nasdaq fell -1.34 percent, -54.38 points, to drop to 3,999.73, while the S&P lost -0.95 …
Skyline Corp. Slides; Nasdaq Loses over One Percent Read More
Insurance claims adjusters need to understand that handling manufactured home claims are different than claims for other structures, something that novice claims adjusters do not always understand. According to claimsjournal.com, hands-on training is very effective as a teaching tool, leading adjusters to make better-informed decisions. Training includes flooding a manufactured …
Hands-On Training for Manufactured Home Claims Adjusters Read More
A huge sell-off by investors sent the Big Board spiraling downward, as the Nasdaq fell -3.10 percent, -129.79 points, to drop to 4,054.11, and the Dow Jones Industrial Average lost -1.62 percent, -266.96 points, to end the day at 16,170.22. The S&P fell -2.09 percent, -39.1 points, to end its …
Deer Valley Plummets 35 Percent; Dow, Nasdaq, S&P all Fall Sharply Read More
Expanding into the Southwest, LendSmart Mortgage has opened a branch in Scottsdale, Arizona to service the Colorado, California and Texas markets, as nationalmortgageprofessional.com informs MHProNews.com. The new lending center will offer conventional and specialty mortgages, including manufactured housing, and expects to write $25 million in loans by the end of …
LendSmart Open to Manufactured Home Loans in Southwest Read More
The Anderson, Indiana City Council will consider a voluntary request for annexation from PAC Development LLC, which has agreed to extend water and sewer lines to the 66-acre parcel at its own expense. According to heraldbulletin.com, five acres of the land have been sold with an option to buy additional …
Rumors Quelled about Manufactured Housing Community Read More
