The National Association of Home Builders (NAHB) tells MHProNews while housing starts fell 1.1 percent in July to a seasonally annual adjusted rate (SAAR) of 746,000 units, according to the Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, new building permits permits rose 6.8 percent in …
CNNMoney reports U. S. stocks moved up today, fueled in part by news that Cisco Systems posted a larger quarterly profit than expected, as the Dow Jones Industrial Average gained 85.33 points, +0.65 percent, to close at 13,250.11. The Nasdaq gained +1.04 percent to 3,062.39, while the S&P moved up …
The National Association of Home Builders tells MHProNews the NAHB/Wells Fargo Housing Market Index (HMI) reports builder confidence for new, single-family homes rose for the fourth straight month in August to its highest level since Feb. 2007. All three components that comprise the HMI—current sales conditions, sales prospects for the …
OriginationNews‘ Paul Muolo says the Consumer Financial Protection Bureau’s (CFPB) proposed unveiling of its final loan officer compensation rule set for early August has yet to be issued. While the mortgage industry anxiously awaits, some loan officers are suggesting the result might be better the longer the agency waits, hopefully …
Consumer prices held steady in July, according to the Bureau of Statistics, and inflation remains low, both good signs for the economy, as investors sifted through economic data and continue to hope for stimulus from the Federal Reserve, according to CNNMoney. Meanwhile, U. S. stocks moved little, as the Dow …
Tracked Housing Stocks Move Little, except Nobility’s Drop Read More
Stockhouse tells MHProNews T.J.T., Inc. of Emmett, Idaho reports a net loss of $194,000 for its third quarter of fiscal year 2012 versus a net loss for the same period last year of $346,000. Net sales fell from $1,457,000 for the quarter ending June 30, 2011 to $880,000 for the …
As follow-up to a story we posted Aug. 7, 2012 about the Clawson Mobile Home Park in Boone, North Carolina closing Oct. 4, 2012 and being sold to developers who will erect student housing, the WataugaDemocrat says the Boone Planning Commission voted in favor of the rezoning request. Developer of …
In the face of mortgage servicers role in the national housing crisis by changing loan terms resulting in borrowers losing their homes, and foreclosing on homes when lenders missed payments, the Consumer Financial Protection Bureau (CFPB) has proposed a new set of rules to make borrowing more transparent and thus …
Continuing concerns about the growth of the global market gave investors pause, keeping trading volume down, as the Dow Jones Industrial Average drifted lower, losing -38.52 points, -0.29 percent, to close at 13,169.43. According to CNNMoney, the Nasdaq actually gained +0.05 percent to 3,022.52, while the S&P lost -0.13% to …
HousingWire reports while Rep. Paul Ryan, (R-WI), Gov. Mitt Romney’s running mate for the White House has proposed privatizing “the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk,” and an end to the $188 billion …
SanteePatch reports from Santee, California that the city’s 12 manufactured housing communities account for 12 percent of all the homes in this town just east of San Diego. Seven of the MHCs are 55+ communities, and in 1989 the city enacted a rent control ordinance which has been successfully upheld. …
leadingage says while the Joint Center for Housing Studies at Harvard University predicts the housing recovery will be led by single-family home construction, the center also foresees the financial burden that will accompany the growing number of seniors who will need assisted housing and supportive services. The number of cost-burdened …
Housing Costs to Grow for Seniors on Fixed Incomes Read More
With Chinese exports only up one percent since a year ago and declining U.S. import and export prices, lackluster investors hit the pause button amid fears of a global slowdown. The three indexes gained slightly, but none was above one-third of a percentage point. CNNMoney reports the Dow Jones Industrial …
More Housing Stocks Lose than Gain, as Dow Nudges Up Read More
The Mortgage Bankers Association (MBA) reports that Federal Housing Authority (FHA) foreclosures started spiked 60% from the first quarter, hitting 1.53%, the highest point in several years. Excluding foreclosures, according to NationalMortgageNews, FHA delinquencies fell to 11.89% from the first quarter’s 12%, while the inventory of FHA foreclosures increased to …
Yahoo! Finance says Universal Forest Products, Inc. (UFPI) released the following statement of earnings as a percentage of net sales, comparing Q2 2011 to Q2 2012: The company reports gross profit of 12.1% for the second quarter of 2012 versus 10.4% for the same period 2011; earnings from operations increased …
MHProNews has learned from the U.S. Dept. of Urban Development (HUD) that the owner and staff of MHC Heritage Point Mobile Home Park in Montgomery, Alabama have been charged with violating the Fair Housing Act for refusing to rent a home site to an African American family and for following …
bizjournals tells MHProNews Tampa, Florida-based Deer Valley Corp. reported net income of $179,651 for second quarter 2012 versus $327,485 net income for the same period of 2011. Revenue fell to $7.6 million for the quarter ending June 30, 2012 versus $7.8 million for the same period last year. With factories …
Yahoo! Finance says Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports for the second quarter 2012 funds from operations (FFO) increased 5.7% over the same period 2011, while revenue from property rose 9.6% 2012 over 2011, $33,679,000 over $30,735,000. Net operating income increased to $20,518,000 in 2012 from $18,687,000 …
Volume on the New York Stock Exchange was light today as investors digested a better-than-expected drop in initial jobless claims, a narrowed trade deficit, and a surprise decline in wholesale inventories, according to CNNMoney. The three main indexes remained at their highest levels since May as the Dow Jones Industrial …
The National Association of Home Builders tells MHProNews builder confidence in single-family homes for the 55+ market for Q2 2012 more than doubled over the second quarter of 2011, from 13 to 29, the highest second quarter reading since this sector of NAHB’s Housing Market Index (MHI) started in 2008. …
