The national foreclosure inventory continues to fall, decreasing 32 percent since Sept 2012, according to what Lender Processing Services (LPS) tells nationalmortgagenews, with 1.3 million housing units in the foreclosure pre-sale inventory. LPS’ loan-level database covers approximately 70 percent of the market total, MHProNews has learned. While delinquencies have fallen …
The Manufactured Housing Institute (MHI) and builderonline.com report that Clayton Homes of Maryville, Tennessee is the nation’s largest homebuilder. With over 1.5 million homes built since 1934, and numerous awards for design and construction, Clayton builds manufactured and modular homes, as well as commercial and educational buildings, through 35 facilities …
Clayton Homes Billed as Nation’s Largest Homebuilder Read More
The Department of Consumer Protection, responding to numerous resident complaints beginning in 2012, has issued a legal decision and order against Shoreline Trailer Court in Branford, Connecticut for failing to maintain the community in a safe and habitable condition. Specifically, according to branfordpatch, Shoreline was infested with feral cats, rodents, …
Connecticut Manufactured Housing Community under Fire Read More
Pulte Homes has been eyeing Winchester Ranch Mobile Home Park in San Jose, California, home to 145 mostly low-income seniors and disabled residents, as a possible site for market-rate condos. Homesite rents pale compared to the median home price of $612,250 in San Jose, giving community owner Cali-Arioto Properties consideration …
Canadian Apartment Properties (CAP) REIT of Canada owns and operates a portfolio of real estate primarily around larger urban markets that includes apartments and townhomes as well as 14 manufactured housing communities (MHC) comprised of 3,370 homesites. As seekingalpha informs MHProNews Cap REIT reduces financial risk by having 38,000 residential …
Portfolio in Canada includes Manufactured Housing Communities Read More
While home prices and sales slid nationally, as MHProNews reported here yesterday, Oct. 21, existing home sales in the 13 county metropolitan area of Indianapolis rose 13.3 percent over last Sept., but it was the slowest growth month of 2013. The next slowest month was August with 14.5 percent over …
Time magazine reports a former Austin, Texas developer of high end houses now blogs about his small homes built from salvaged materials. Brad Kittel, owner of Tiny Texas Houses, who has built around 75 tiny homes of 400 square feet, ranging from $20,000 to $40,000, now plans on building a …
Home prices and sales dropped in September, according to what the National Association of Realtors (NAR) tells nationalmortgagenews. As mortgage rates hovered around 4.5 percent and inventories remained low, sales of existing single-family homes dropped to a seasonally adjusted annual rate (SAAR) of 5.3 million, down from 5.4 million in …
Investors took a step back after last week’s run-up, digesting corporate returns and economic indicators, leaving the three major indexes to move little either side of the line. CNNMoney reports the Dow Jones Industrial Average edged down -7.45 points, -0.05 percent, to end the day at 15,392.20. The Nasdaq advanced …
Zolmax.com reports Equity LifeStyle Properties, Inc. (NYSE:ELS) will announce its financial results for the third quarter of 2013 Tuesday, Oct. 22 during a conference call at 11 AM. Analysts anticipate ELS will post earnings of $0.38 per share and revenue of $173.38 million for Q3. With a market cap of …
Following up on a story MHProNews posted Oct. 15 concerning The Carlyle Group’s acquisition of two Florida manufactured housing communities (MHCs), arabianbusiness.com reports Abu Dhabi’s Mubadala Development Group owns 7.5 percent of Carlyle. Based in Washington, this is Carlyle’s first foray into MHCs, and is paying $30.5 million for the …
U. S. Land Lease Communities attracting Foreign Investors Read More
The owners of Hall Wines in Napa Valley, California purchased the 18 homesite Vineland Vista Mobile Home Park in 2008 with plans to redevelop the space, finally closing it in 2012 after legal wrangling with tenants, according to napavalleyregister.com. Providing the Napa Valley Planning Department approves a use-permit modification and …
Vintners Replace Manufactured with Modular Housing Read More
With the government crisis in the rear view mirror, all three indexes ended the week on a positive note, as the S&P once again set a new high. CNNMoney reports the Dow Jones Industrial Average moved up +28.00 points, +0.18 percent, to end the day at 15,399.65. The Nasdaq advanced …
All Tracked Housing Stocks Gain except one; S&P Climbs to New High Read More
Drew Industries, Inc. (DW) will release its Q3 2013 financials on Fri., Nov. 1 before the market opens, followed by a conference call at 11 AM the same day to discuss the results. A question and answer session of the call will be limited to institutional investors and analysts. As …
The Mortgage Bankers Association (MBA) reports last year 2,083 multifamily housing lenders provided $146.1 billion in new loans to apartment buildings with five or more units, representing a 33 percent gain from 2011. The mortgages went to a variety of investors, the biggest dollar volume share, 40 percent, going to …
Doug Duncan, Fannie Mae’s chief economist, says the recent turmoil in the nation’s capital may impact consumer confidence but he does not anticipate it will have a lasting impact on the housing recovery. While Duncan sees consumer spending as being more modest in the third quarter, he says interest rates …
Canada’s Killam Properties Inc (TSX:KMP) reports its board of directors has declared a monthly dividend of $0.04833 per common share to be paid on Nov. 15, 2013 to shareholders of record Oct. 31, 2013. Killam’s Dividend re-investment plan (DRIP) allows shareholders the opportunity to re-invest their dividends in additional common …
The S&P vaulted to a record high in today’s trading the day after lawmakers finally decided to reopen the government, but the Dow Jones Industrial Average was set upon by the weakness of corporate earnings by heavyweights IBM, Goldman Sachs and United Health, pushing down the Dow -0.01 percent, -2.18 …
When hearing of the need of older military veterans for housing, former Green Beret and successful home builder Richard Simonian took up the challenge and now has 7,000 homesites in 40 manufactured housing communities across the western U. S. that openly caters to veterans. As lakecountrysun.com reports, John Stryker Meyer, …
Builder Provides Manufactured Housing for Fellow Vets Read More
In the wake of Hurricane Sandy damaging or destroying 346,000 homes in New Jersey, for people who are replacing their homes, modular homes are some of the most popular “hurricane proof” choices. Ocean City, NJ-based Zarilli Homes built on average two homes a month, mostly large luxury homes, before Sandy’s …
Excel and Zarilli Site Modular Homes in New Jersey Read More
