The heraldtribune reports MHC Mermaid’s Manor in Bradenton, Fla. has been acquired out of foreclosure by trusts in the name of Harold E. Crye and Hazel Ann Ball for $1.2 million, from BOFI Federal Bank. The 70-site Mermaid’s was previously owned by Tampa’s CPM Properties LLC, managed by Harvey Estes, …
The National Association of Home Builders/First American Improving Markets Index (IMI) informs MHProNews the list of improving housing markets remains virtually unchanged from last month. Five new markets showed improvements in employment, housing permits and home prices for at least six months, while six fell from the ratings. NAHB Chief …
U. S. stocks responded negatively to a report the economy only created 88,000 jobs last month, leading to a drop in the three major indexes, according to CNNMoney. The Dow Jones Industrial Average dropped -0.28, -40.86 points, to end the first week of the new quarter at 14,565.25. The Nasdaq …
Jobs Report Depresses Indexes; Nobility Homes Rises Read More
According to the brightonpittsfordpost, Robert Morgan, founder and CEO of Rochester, NY-based Morgan Management has been named recipient of the 2013 Herbert W. Vanden Brul Entrepreneurial Award by the RIT Saunders College of Business. Honored for 30+ years of successful business in Rochester, the company Morgan founded now employs 950 …
MarketWatch reports Denver-based YES! Communities has acquired a portfolio of 64 manufactured housing communities (MHCs) comprised of 14,000 home sites mostly in the Atlanta and Dallas metropolitan markets, but also including Corpus Christi and El Paso, Texas, as well as Las Cruces and Las Alamos, New Mexico. With the completion …
In addition to guaranteeing the majority of new residential mortgages across the country, HousingWire informs MHProNews Fannie Mae and Freddie Mac, the GSEs (government-sponsored enterprises), also guarantee half of the outstanding residential mortgage debt, with the private market picking up the other half. While the Congressional Budget Office (CBO) projects …
Updating a story we posted Feb. 27, 2013 concerning residents of Wheel Estates MHC in North Adams, Mass. trying to buy their community, iberkshires informs MHProNews the nearly $4 million loan went through, financing managed by ROC (resident-owned communities) USA of New Hampshire. For years residents have allegedly complained the …
A graph following the ups and downs of the Dow Jones Industrial Average looks like a series of jagged rocky mountains, as the Dow climbed to nearly 14,625. and dipped as low as 14,552.50, finally settling at 14,606.11, adding +0.38 percent, up 55.76 points for the day, according to CNNMoney. …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports statistics from the Dept. of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes hit 4,151 units in Feb. 2013, six more than the 4,145 in Feb. 2012. Total industry production for 2013 is 3.2 percent higher than …
MyWestTexas tells MHProNews housing supplier Goliath Industries, responding to the urgency one year ago for oilfield housing, quickly sited 21 leased modular housing units to accommodate 50 workers southwest of Odessa, Texas. From clearing the land to welcoming the first occupants took a mere four weeks, but now the company …
North Korea’s saber rattling and talk that the Federal Reserve may end its stimulus program this summer pushed investors away from the dance floor, as all three major indexes slipped. CNNMoney reports the Dow Jones Industrial Average lost -0.76 percent, -111.66 points, to close at 14,550.35. The Nasdaq dropped -1.11 …
Manufactured Housing Composite Drops; Major Indexes Slide also Read More
The marshallindependent reports from Marshall in southwest Minnesota that the Lyon County Board of Commissioners has approved a three-year tax abatement for a modular housing business seeking to move to a facility in Cottonwood, just north of Marshall. C. David Hoefer of Goshen, Ind. says the as yet unnamed company …
Stockhouse reports UMH Properties, Inc. (NYSE:UMH) has acquired the 274 homesite Holiday Mobile Village in Nashville, Tenn. for $7,250,000. Situated on approximately 68 acres with an occupancy rate of 82 percent, MHProNews has learned this purchase bumps UMH into owning 68 communities with 12,800 developed homesites. Samuel A. Landy, President, …
UMH Acquires Tennessee Manufactured Housing Community Read More
Strength in the health care sector sent the Dow to another record high, as all three indexes advanced in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained +0.61 percent, +89.16 points, to close at 14,662.01. The Nasdaq moved up +0.48 percent, +15.69 points, to close at 3,254.86, while …
DelMarVa report from north of Millsboro Del. owner Helen Cropper has been unable to repair the drinking water problem at Forest Park MHC, and will now have to raise rents to pay for the fix. In he past ten years the water has had an unacceptable level of nitrates 95 …
HousingWire informs MHProNews that in January, 2013 applications for loans insured by the Federal Housing Administration (FHA) rose to 147,509, an increase from 127,057 in December and up from 126,835 January 2012. In January the FHA insured 134,461 single-family homes, an increase from 113,856 the prior month and 102,011 from …
The Institute for Supply Management’s monthly manufacturing index for March registered 51.3., lower than estimates of 54.0 and also below the Feb. numbers, according to CNNMoney, which also noted that many traders had not returned from the holiday weekend. The three major indexes closed down slightly. The Dow Jones Industrial …
Writing in the albirminghamnews, Professor Scott Bealuier of Troy University says to speak of a housing market recovery is premature. He says the recovery so far is minor when compared to what the housing market was pre 2006. It’s now a government-driven recovery supported by the Fed’s monthly purchase of …
RVBusinses informs MHProNews Elkhart County, Indiana led the nation in job growth for the period Sept 2011 to Sept. 2012 for the largest U. S. counties, with 6.9 percent versus the national rate of 1.6 percent, according to the Bureau of Labor Statistics. While Elkhart hosts several component suppliers to …
According to bizjournals, Thomas M. Saltsgiver, president and founder of modular builder Muncy Homes, Inc. of Muncy, Penn., has applied with the Pennsylvania Dept. of Banking and Securities to acquire 85 percent of the common stock of First Cornerstone Bank in King of Prussia, Penn. While the bank is 90 …
