The secondary market mortgage portfolio of Fannie Mae has continued to decline, as directed by the government-service enterprise (GSE) regulator. The $42 billion in mortgages it acquired in November represented a 14 percent drop from October. As reported by nationalmortgagenews.com, Fannie’s portfolio fell below $500 billion for the first time …
According to tickerreport.com Zacks has upgraded shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) from “neutral” rating to “outperform” in a research report issued to investors, with a $42.80 target price on the stock. While ELS has a 52-week low of $33.36 and a 52-week of $42.86, it closed down Tuesday …
As nationalmortgagenews.com informs MHProNews, 84 of the largest 300 housing markets have regained 100 percent of home values since the housing bubble, accounting for nearly 30 percent of tracked markets. Only nineteen markets had a decline in home values, while the remaining markets showed a rise of 50 basis points. …
The Dow Jones Industrial Average ended the year at an all-time high for the 52nd time, while the S&P also finished the year in record territory. The Nasdaq settled at its highest level since 2000, as Wall Street overall had a banner year. CNNMoney reports the Dow moved up +72.37 …
Wall Street Celebrates Banner Year as Dow, Nasdaq and S&P Gain over 25 Percent Read More
Americans’ views of current economic conditions climbed higher than expected in December, gaining 6.1 points from the previous month to 78, hitting the highest consumer confidence level since April 2008, according to what Bloomberg reported on the Conference Board index. As unemployment falls and household finance rise, people become more …
According to vancouversun.com, modular housing and container housing will continue to expand in Vancouver in 2014, but will be joined by other innovative styles including duplexes, coach houses and stacked housing. Row houses offer the individuality of being distinct from a condo, but as a high-density form, fit well in …
While converting shipping containers to homes has gained popularity in some circles, MEKA designs modular homes based on container-sized dimensions for ease of shipping, but without the hassle of cutting corrugated steel for doors, windows, plumbing, etc., according to treehugger.com. With a steel frame for support, MEKA builds modules from …
MEKA’s Modular Housing Based on Container Dimensions Read More
Stocks were little changed in today’s trading, although the Dow posted its 51st record close of 2013, as all three major indexes celebrated dramatic gains for the year. CNNMoney reports the Dow Jones Industrial Average edged up +25.88 points, +0.16 percent, to close at 16,504.29. The Nasdaq lost -0.06 percent, …
Dow Posts another New High; Sun Communities Nudges above the Tracked Stocks Horizon Read More
While a Bloomberg survey of economists predicted a one percent increase in pending home sales for November, the National Association of Realtors (NAR) reports the gain was 0.2 percent, the first in six months following a 1.2 percent drop in October. According to nationalmortgagenews, higher borrowing costs, tight lending standards …
Architect Christian Salvati is converting 16 shipping containers into six modular apartment units in New Haven, Connecticut, mounted on nine-foot pilings which allows for parking underneath. According to what Salvati tells nhregister.com, this will be the largest apartment building in the U. S. constructed of Cor-Ten steel. While the use …
Modular Dwellings Constructed from Shipping Containers Read More
According to the Philadelphia Federal Reserve, new residential building permits rose significantly from November 2012 to November 2013 in Delaware, New Jersey and Pennsylvania. Compared to the same month period in 2012, the growth in all three states was in double digits, as housingwire.com tells MHProNews. While permits were 21 …
Residential Building Permits Rise in DE, NJ and PA Read More
Following a story MHProNews posted Dec. 10, 2013 regarding an increased sales tax that will be imposed on manufactured and modular homes sold in North Carolina, charlotteobserver.com reports the tax is being raised to 4.75 percent Jan. 1. The industry is slowly recovering from a slowdown exacerbated by the Great …
Sales Tax on Manufactured Homes Rises in North Carolina Read More
Predictions for 2014 from nationalmortgagenews.com forecast home sales will rise from 5.5 million this year to 5.9 million in 2014, home price appreciation will drop from 11 percent to six percent in 2014, and the 30-year mortgage rate will rise 50 basis points to five percent. The purchase-refinance loan origination …
Investors took a break at the end of a strong week and a most bountiful year on Wall Street as all three major indexes slid a quarter of a point or less. CNNMoney reports the Dow Jones Industrial Average edged down -1.47 points, -0.01 percent, to close at 16,478.41. The …
Skyline Rises, Patrick Falls; Dow, Nasdaq, S&P End Week Up Read More
According to nationalmortgagenews.com the average weekly rate for a 30-year mortgage is two basis points under 4.5 percent, making it just above one percent higher than one year ago. For a 15 year mortgage, the average rate is two basis points above 3.5 percent, making the mortgage rate just under …
30-Year and 15-Year Mortgages Slightly Above One Year Ago Read More
Following up on a story MHProNews posted Oct. 9, 2013 regarding a housing plan for Estevan, Saskatchewan, Canada, modular homes will begin to be sited in early 2014, ready to be occupied by mid-January. Phase 1 of the Ridge subdivision has 85 lots, 60-65 of which have been sold to …
Modular Homes Sold in Estevan, Saskatchewan Development Read More
While most of the modular homes in Australia are for coastal and rural retreats, more architect-designed, multi-million-dollar prefabricated homes are being trucked 500 to 600 miles and craned into place, sometimes costing over $100,000 just for transport. While the prefab market in Australia is relatively immature, representing only about one …
A one-time drug dealer who built a profitable music business from his illegal gains and served three years in prison has rebounded back into the music business, very successfully, and is now promoting a modular home production facility that will revitalize a distressed community, according to post-gazette.com. Lee Davis cut …
Former Felon Bringing Modular Home Business to Neighborhood Read More
Schaeffer’s Investment Research reports the Dow has gained 68 percent of the time each Christmas week for the last 100 years, and this year is no exception, as Santa continues to deliver good news to investors. CNNMoney reports the Dow Jones Industrial Average gained 122.33 points, +0.75 percent, to close …
Patrick Industries Advances; Santa Continues Delivering to Investors Read More
The new developer of Georgetown Estates in Georgetown County, South Carolina has requested his proposal to alter the content of the development to include factory-built homes be put on hold by the county planning commission. The original plan included 214 single-family and patio homes on lots ranging from 6,000 square …
