Builder confidence in the 55+ housing market for single-family homes rose to its highest second quarter level since the National Association of Home Builders (NAHB) began keeping track in 2008. Marking the seventh quarter of year-over-year improvements, the Housing Market Index rose 24 points to 53, as MHProNews has learned. …
Killam Properties, Inc., headquartered in Halifax, Nova Scotia, Canada reports for the second quarter 2013 property income rose 2.5 percent from $33,679,000 to $34,506,000 as compared to Q2 2012, yielding a net rental income loss of -0.5% year-over-year–$20,331,000 in 2012 versus $20,225,000 in the same period of 2013. Net income …
Mortgage closing costs have risen on average six percent this year, from $2,264 to $2,402, based on a $200,000 loan with 20 percent down and good credit. Origination fees increased eight percent to $1,730, while third-party fees rose one percent to $672. With interest rates historically low in the past …
A 200 (plus)-room pod hotel for Williamsburg in Brooklyn is being planned, and architect Jim Garrison, who designed the modular hurricane-proof lifeguard stations for Rockaway Beach, may utilize modular construction for this project as well. He also designed the modular daycare center for Lehman College, erected in three days, and …
As mortgage giant Wells Fargo lays off 763 workers in its Home Mortgage division because refinancing requests are declining, the company says it will try to find other positions for those employees, who are receiving 60 days’ notice. Meanwhile, last month Citigroup announced it will cut 120 employees at a …
In a session with Zillow CEO Spencer Rascoff, President Obama fielded housing-related questions coming in via social media. Noting the recession and corresponding drop in home values was unlike anything seen in many years, he said refinancing could save homeowners $3,000 a year, although the housing market, while recovering, remains …
President Obama Discusses the U. S. Housing Market Read More
In a repeat of yesterday, investors continue to worry the Federal Reserve’s asset purchase support of the economy will end soon, causing the three major indexes to finish the day in the red. CNNMoney reports the Dow Jones Industrial Average slid -48.07 points, -0.31 percent, to close at 15,470.67. The …
Williams County commissioners in Williston, North Dakota are denying two Conditional Use Permit (CUP) extensions for workforce camps built to service oilfield workers. The extension for Rik Ostert was denied because he did not build a road he agreed to three years ago, and then rented space on his property …
North Dakota Oilfield Camps in Jeopardy of Being Closed Read More
Despite gains in the last year, home prices remain 19 percent below their peak in 2006, according to CoreLogic, although U. S. home prices swelled 11.9 percent in June over June of 2012. That is why many homeowners are waiting to put their homes on the market, which keeps the …
Drew Industries, Inc. reports sales for Q2 2013 increased to a record $287 million, a 14 percent increase over the same period in 2012, resulting in net income of $15.9 million, not including an after-tax charge of $0.4 million related to executive succession which would have been $16.3 million in …
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for August lost eight markets from the listing in July, dropping to 247 metropolitan areas that show improvement, but three times the number included one year-ago August. The index measures job growth, home price appreciation and single-family housing …
With two Federal Reserve presidents hinting its bond buying program may begin tapering next month, investors stepped back; perhaps it is just the dog days of summer stepping in to slow things down. CNNMoney reports the Dow Jones Industrial Average slid -93.39 points, -0.60 percent, to close at 15,518.74. The …
Three Major Indexes Slide; Most Tracked Housing Follows Suit Read More
The Elko County Association of Realtors Multiple Listing Service northeast Nevada reports the number of site-built homes has quadrupled in the last five years, and in the first half of this year the median price of homes hit $258,900. While interest rates have risen this year, they are still lower …
Manufactured Housing Poses Affordable Option in Nevada Read More
Private equity real estate firm Green Courte Partners, LLC announces the appointment of Cheri M. Scully to vice president. Scully has worked with Green Courte, based in Lake Forest, Illinois, on contract prior to joining the firm in January 2011 as an associate, MHProNews has learned from sources at the …
Investors stepped back from the table today to start the first full week of August as the three major indexes closed mixed and little changed after hitting new highs last week. CNNMoney reports the Dow Jones Industrial Average slid -46.23 points, -0.30 percent, to close at 15,612.13. The Nasdaq rose …
A home by the bay or in the mountains in a manufactured home may only cost $700-$1,000 a month for house payment, site rent and utilities, comparable to renting an apartment, and much less than the thousands more for a traditional home in a similar setting. Manufactured housing is becoming …
As a result of increased oil and gas and mining projects in Saudi Arabia and the consequent need for modular workforce housing, Red Sea Housing Services Company plans to build a fourth manufacturing facility, this one in the Kingdom. The $22.65 million plant, located in King Abdullah Economic City (KEAC), …
While the manufactured housing industry continues to recover, it still has a long way to go, according to Troy Hames of Hames Homes in Marion, Iowa. Noting the company has sold manufactured homes for 44 years in east central Iowa, Hames says new home sales in the state were 2,200 …
Iowa Climbing Back from Low Manufactured Home Sales Read More
Although the jobs report only came out with 162,000 new jobs instead of the 180,000 economists were hoping for, all three major indexes edged up for the end of the week. CNNMoney reports the Dow Jones Industrial Average gained +30.34 points, +0.19 percent, to close at 15,658.36. The Nasdaq rose …
Three Major Indexes End Week Up; Tracked Housing Stocks Mixed Read More
Statistics from the U. S. Department of Housing and Urban Development indicate production of manufactured homes in June hit 5,388 homes, 5.1 percent over the 5,075 homes produced in June of 2012. Production for the year stands at 29,133 homes, similarly a 5.1 percent increase over the 27,715 for the …
