While the unemployment rate remained at 7.6 percent, job growth in June hit 195,000, 40,000 more than economists expected and equal to the revised rate for May, 2013. While construction and manufacturing changed little, the biggest gains were in leisure and hospitality (up 75,000), professional and business services (up 53,000) …
Having recently spent $55,000 to upgrade infrastructure at the Country Squire Mobile Home Park in Harker Heights, Tex., that he acquired last fall, and another $30,000 for a new manufactured home model, Kip Lewis’ plans to rehabilitate the community are being stymied by the city council. He wants to replace …
Ordinances Prevent Rehabbing of Land Lease Community Read More
Hive Modular of Minneapolis suffered mightily during the recession, but the company has been growing in Canada, enough to have three locations: Altona in Manitoba, Toronto, and one will be set to the east in Quebec. Hive started as a “night job” in 2005 by Paul Stankey and two friends, …
Modular Designer begins in U. S., Flourishes in Canada Read More
The U. S. stock markets are closed today in honor of the Fourth of July. They will reopen tomorrow at 9 A.M.
Asking prices for homes in June increased 10.7 percent year-over-year, according to Trulia. If distressed home sales are excluded, the increase was 11.4 percent year-over-year. Based in San Francisco, data from the guru of real estate says, “However, the rate of increase will eventually slow down as mortgage rates rise, …
Originally developed in 1953, the 256-unit Pacific Mobile Home Park in Huntington Beach, Calif. was sold to a private investor in Orange County for just under $50 million. Set on 18.19 acres, the single and multi-section community of manufactured homes includes a pool and a clubhouse. Greg Sullivan of WD …
The U. S. Department of Housing and Urban Development (HUD)’s statistics reveal manufactured housing production rose in May, 2013 to 5,622 homes, an increase of 7.8 percent over the 5,211 HUD Code units produced in May of 2012. As the Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews, total …
Although investors were concerned by rising oil prices and turmoil in Egypt, the three major indexes managed to make minor gains in trading today. CNNMoney reports the Dow Jones Industrial Average advanced +56.14 points, +0.38 percent, to close at 14,988.55. The Nasdaq nudged up 0.30 percent, +10.27 points, …
Three Major Indexes Manage Small Gains; Tracked Housing Stocks Close Mixed Read More
The Spinelock Group in Mansfield, England is planning its first development of 18 energy efficient, modular homes in the central part of the country. Each home is comprised of four modules and when finished will be 30 percent larger than neighboring houses, bright, airy and spacious with energy bills below …
Modular Housing Development Planned for United Kingdom Read More
Updating a story that began in 2006 when Garden Homes Management Corp. initially proposed a 124 site manufactured housing community in Oxford, Conn. that has been fraught with numerous hearings, court rulings, wetlands studies, appeals and professional reviews that we last covered Nov. 29, 2012, Garden Homes has a new …
Developer Continues its Pursuit of Manufactured Housing Community Read More
Manufactured home community owner UMH Properties, Inc. has declared a quarterly cash dividend of $0.18 a share on the company’s common stock payable Sept. 16, 2013 to shareholders of record Aug. 15, 2013. In addition, the board of directors announced a quarterly dividend of $0.51562 per share for the company’s …
Residents of the Dallas West Mobile Home/RV Park in Dallas, Tex. just minutes from downtown received fliers June 11 announcing they had until Aug. 31 to move or face eviction. Dallas-based Cienda Partners bought the property in 2006, one year after the city council rezoned the community for apartments, and …
Manufactured Housing Community Closing, Residents must move by Aug. 31 Read More
As housing inventory expands, Redfin says the housing market is undergoing a slight slowdown, based on data from 22 markets across the nation that ranks the percentage of homes that go under contract within two weeks of their listing. HousingWire reports 32 percent of homes went under contract within 14 …
Report says Housing Market may Return to Sluggishness Read More
U. S. stocks slid slightly as the political turmoil in Egypt and concerns about Friday’s upcoming jobs report gave pause to investors who stepped back from the action. CNNMoney reports the Dow Jones Industrial Average slipped -42.55 points, -0.28 percent, to close at 14,932.41. The Nasdaq nudged down -0.03 percent, …
Three Major Indexes Slide; Tracked Housing Stocks Close Mixed or Even Read More
Elkhart County in northern Ind. topped the nation for job growth in 2012 with a rate of 7.4 percent from Dec. 2011 to Dec. 2012, as compared to a national rate of 1.9 percent, according to the U. S. Bureau of Labor Statistics. The county, and neighboring LaGrange County, are …
Indiana County has Highest Job Growth in the Nation Read More
May saw the largest increase in the CoreLogic Home Price Index (HPI) since Feb. 2006, rising 12 percent over May 2012, and 2.6 percent higher than April, marking the 15th consecutive month of year-over-year increases. For June 2013, as nationalmortgagenews informs MHProNews, the CoreLogic Pending HPI indicates home prices are …
Borrowers with mortgages backed by Fannie Mae and Freddie Mac that are at least 90 days late will begin receiving offers from lenders to reduce their rates. Called the Streamlined Modification Initiative, borrowers will be able to reduce their payments by either having the loan extended from, say, 30 to …
Seriously Delinquent Mortgage Borrowers may Reduce Payments Read More
The Ikea Foundation, the Refugee Housing Unit (RHU) from Sweden and the United Nations High Commissioner for Refugees (UNHCR) have pooled resources to develop a modular dwelling to house refugees and other displaced persons. The 55 square-foot unit has a steel skeleton with lightweight but durable plastic panels for the …
Non-profits Team with United Nations to Produce Modular Shelters Read More
Real estate investment trust (REIT) Sun Communities, Inc. announces it will release second quarter 2013 financial results before the market opens on Thursday, July 25, 2013 to be followed by a conference call that same morning at 11:00 AM (EST) to discuss the results. To participate, call toll-free 877-941-0844. The …
Just north and a little east of downtown Indianapolis five modular homes are set to be built in the Cottage Home area on a stretch of land surrounded by small, older homes from the late 1800’s. Priced at $300,000 to $350,000, the first two homes (already sold) will be 1,800 …
