Following a story from May 21, 2012, PalmBeachPost says a plan to close the Whitewater Senior Adult Park MHC and develop the land into multifamily rental units and a commercial center will come to a final vote before the Jupiter, Florida Town Council. Arrangements have been made with Lakeshore Communities …
CNNMoney tells MHProNews while Citigroup reported a net profit of $468 million for the third quarter, including several significant losses, their mortgage originations, unlike other large lenders, fell 15 percent from a year earlier to $14.5 billion. Chief Financial Officer John Gerspach, admitting his company did not increase staff quickly …
Citigroup’s strong quarterly report, better-than-expected retail sales and the improvement in Federal Reserve Bank of New York’s Empire State Manufacturing Index were welcomed by investors as all three indexes finished in positive territory in today’s trading. CNNMoney reports the Dow Jones Industrial Average rose +0.72 percent today, +95.38 points, to …
CapeGazette VillageSoup informs MHProNews from Georgetown, Delaware Captain’s Way Development LLC has requested a zoning change for a 155-acre parcel of land from single-family site built to manufactured home community. Developer Pret Dyer, saying it is an opportunity for Sussex County to achieve its affordable housing quota, also stated he …
A Novato, Calif. non-profit that operates Marin’s three homeless shelters will partner with modular builder Blu Homes to site 14 one and two-bedroom compact homes to be rented to low-income, formerly homeless families with children. According to marinij, Marin-based Homeward Bound, which also operates transitional housing, has raised one third …
The Uniform Law Commission (ULC) states manufactured housing is considered personal property in most states because its origins as a home on wheels (trailer) being towed led to its taxation and licensing as a vehicle, but new MH today generally moves only once–from the sales lot to the site. The …
Although the Dow has risen over seven percent for the year, investors’ current caution in advance of next week’s corporate earnings reports and ongoing concerns about China and Europe led to a two percent + drop in the Dow this week. CNNMoney reports the Dow Jones Industrial Average rose a …
Nobility and Housing Composite Rise, Skyline Falls Read More
OregonLive tells MHProNews the first modular multifamily affordable apartment project in the Northwest was sited in Portland, Oregon Thurs. Oct 11. Built in Aumsville, OR, Kah San Chako Haws–”East House” in Chinook— took 13 months to design and construct and cost $1.7 million, about $190,000 each unit. Architect Stuart Emmons …
According to nationalmortgagenews foreclosure filings dropped seven percent in Sept. to the lowest reading since the fourth quarter of 2007, a total of 180,427 properties. RealtyTrac tells MHProNews filings fell year-over-year 16 percent. For the third quarter 2012, the 531,576 foreclosure filings amount to a five percent decline from the …
According to the Manufactured Housing Institute, the shipment of manufactured homes reported by Indiana increased 19.7 percent Aug. 2012 over the same month of 2011. On the year, shipments have risen 39.9 percent, from 2,286 homes Jan.-Aug. 2011, to 3,207 for the same period of 2012. As MHProNews reported Oct. …
Stocks rose on lowered reported jobless claims, but then fell on news the numbers were incorrect, leaving the three major indexes to move less than 0.15 percent in either direction. Trading is not anticipated to be particularly active in advance of the presidential elections next month. CNNMoney reports the Dow …
Patrick Spikes, Nobility Slides, Three Indexes on Fence Read More
A larger than expected drop in jobless claims last week was the result of one large state not filing their quarterly report, not the result of more jobs being filled. YAHOO! Finance reports the Labor Department said jobless claims fell by a seasonally-adjusted rate of 30,000 last week, resulting in …
Fastcodesign reports the new Starbucks in Denver looks more like something from the TV show Bonanza. Made of old Wyoming snow fencing, the modular unit is a drive-thru and walk-up only with no indoor seating, no internet connection, 500 square feet in size, LEED Certified and just large enough for …
In the latest weekly report from the Mortgage Bankers Association (MBA), nationalmortgagenews says mortgage applications dropped 1.2 percent for the latest weekly reading Oct. 5 following a 16.6 percent spike for the previous week ending Sept. 28. Refi applications accounted for 83 percent of the apps, much the same as …
With analysts expecting a boatload of Q3 corporate earnings reports next week to show a 1.2 percent decline, as well as concerns about China’s slowing economic growth, all three indexes closed lower today. CNNMoney reports the Dow Jones Industrial Average fell -0.95 percent, -128.56 points, to close at 13,344.97, while …
Housing Composite Gains, Patrick Drops, not much Change Read More
TheGatewayNews tells us from Streetsboro, Ohio the Lakeside Terrace land lease community is undergoing a facelift as well as receiving new infrastructure. An MHC since the 1970’s, Dave Leichtman of Verandah LLC says he plans to sell new homes wholesale to the residents. Currently six units are occupied and three …
CNNMoney tells MHProNews a lawsuit filed by the U.S. government against Wells Fargo accuses the giant lender of intentionally concealing bad loan information on 6,320 risky loans which eventually cost the government $190 million for defaulted home mortgages. Filed in the Southern District Court of New York, the complaint alleges …
Although U.S. stocks fell today as investors prepare to sift through Q3 corporate earnings reports, the Dow is five percent below its all time high of 14,146.53, set five years ago today. CNNMoney reports the Dow Jones Industrial Average fell -0.81 percent, -110.12 points, to close at 13,473.53, while the …
RVBusiness says manufactured home and recreational vehicle manufacturer Skyline Corp. has reported an improved net loss for its first quarter 2013, as well as a slight drop in sales. This quarter loss amounted to $3.5 million as compared to a $6.8 million loss a year ago. Total sales fell from …
Reuters reports Sun Communities, Inc. is purchasing four eastern Michigan manufactured housing communities from a group of Rudgate affiliated entities for $70.8 million comprised of 1,996 manufactured home sites. Sun is also financing two other Rudgate communities, which it will then manage, also in eastern Michigan, comprising 1,598 manufactured housing …
