WenatcheeWorld in Wenatchee, Washington says home sales according to Pacific Appraisal Associates spiked 44 percent in April over the same month last year, hitting $44 million compared to last April’s $35.1 million. In the greater Wenatchee area the number of homes sold year-to-date rose 25% over 2011. Sales of manufacture …
PalmBeachPost reports from Jupiter, Florida a plan to build 348 rental units will force some 100 residents of Whitehaven Seniors Adult Park MHC to relocate. Jupiter-based FLF 1030 LLC says the company must close the sale of the property and then receive site use and zoning approval from the city …
Following up on a story we covered Jan. 19, 2012, HutchNews reports from Lawrence, Kansas the rental housing planned for University of Kansas students to replace the 241 site Gaslight Mobile Home Village is still being negotiated, as homeowners have begun moving out. Mid-America Manufactured Housing Communities will pay residents’ …
NorthernColoradoBusinessReport says Edmonton, Alberta, Canada-based PTI Group Inc. bought the 100,000 square foot plant previously occupied by Barvista Homes modular home manufacturer in Johnstown, Colorado, to produce modular offices and housing for use by the burgeoning oil and gas industry in northern Colorado. Billing itself as one of the largest …
In it’s second newspaper conglomerate acquisition in six months, HoumaToday tells MHProNews.com Berkshire Hathaway has purchased 63 of Media General’s newspaper properties for $142 million cash, including the Richmond Times Dispatch and Winston Salem Journal. “In towns and cities where there is a strong sense of community, there is no …
All three U.S. stock market indexes notched their worst week of 2012. The Dow Jones Industrial Average is down 3.5% for the year, falling -73.11 points today, -0.59%, to end the week at 12,369.38. CNNMoney reports continuing concerns about global markets kept investors on the sidelines. The Nasdaq dropped -1.24 …
Looming European Gloom Overshadows Shiny Facebook Offering Read More
InForum says organizers of the Bakken Housing Summit in Williston, North Dakota are calling for 5,000 homes in western ND in the next 24 months to meet the demand for housing in this oil rich region. Real estate developer Michael Milner of Salt Lake City says, “Without federal interference, this …
A contractor for 20 years, Dale Jech is now certified to build modular homes in Rochester, Minnesota, another player helping to fill the need for housing in the oil fields of North Dakota. Creative Modular Concepts already has orders for 80 homes and anticipates the sixty-man crew will build 145 …
CNNMoney reports continuing concerns about the possible fallout if Greece cannot implement austerity measures, and has to pull out of the Eurozone, pounded down all three indexes in trading today. The Dow Jones Industrial Average fell -157.65 points, -1.25 percent, to close at 12,440.90. The Nasdaq dropped -2.10 percent to …
In a conversation SeekingAlpha writer Brad Thomas has with Sam Landy, CEO and President of UMH Properties, Landy describes the beginnings of UMH in 1969 and how the REIT (real estate investment trust) grew profitably through the years until the recent recession. Landy says the company thought manufactured housing was …
MarketWatch informs us that MH component supplier Universal Forest Products, Inc. (UFPI) has acquired through a subsidiary Haleyville, Alabama-based MSR Forest Products, LLC, a provider of roof trusses and cut-to-order lumber for the manufactured housing industry. UFPI has an existing plant in Haleyville. With annual sales of $10 million, MSR …
CNNMoney reports the increase in U.S. housing starts and growth in industrial production was overshadowed by continuing uncertainty regarding the political and financial situation in Greece, reducing gains made earlier in the day as all three U.S. stock indexes fell. The Dow Jones Industrial Average fell -33.45 points, -0.26 percent, …
The National Association of Home Builders (NAHB) says U.S. Census figures and HUD statistics report April registered a 2.3 percent gain in housing starts, marking a 717,000 seasonally-adjusted annual rate (SAAR). Single-family home construction was up 2.3 percent while multi-family gained 3.2 percentage. MHProNews.com has learned from various sources while …
Yahoo!Finance says MH builder Nobility Homes has won approval from NASDAQ to continue being listed on the exchange through Sept. 14, 2012. Nobility did not file 10-Q reports for the periods ending Aug. 4, 2011 and Feb. 4, 2012, and for Form 10-K for the year ending Nov. 5, 2011 …
heNation says Retirees and members of the Manufactured Home Owners Association of America (MHOAA) came from around the nation to tell Sam Zell at the Equity Lifestyle Properties’ (ELS) annual shareholders meeting that raising rents and cutting services at his MHCs is threatening his own clients ability to remain as …
NationalMortgageNews tells MHProNews.com $462 billion in residential mortgages were funded in Q1 2012, the highest volume since the fourth quarter of 2010. The numbers are based on secondary market loan purchases reported by Fannie Mae, Freddie Mac, and Ginnie Mae. For 2010 the industry funded $1.67 trillion in home loans, …
Good economic growth news from Germany was tempered by the failure of the Greek politicians to come with a coalition government, with investors fearing that if Greece does not make its debt payments next month, it could trigger multiple problems for the Eurozone. The Dow Jones Industrial Average fell one-half …
All Three Indexes Fall; Most Tracked Housing Stocks Follow Suit Read More
As part of the agreement it signed last year with Killam Properties of Canada, Kuwait Finance House (KFH) announces it has acquired its second residential property in Canada, the 146 unit Kanata Lakes Apartments in Ottawa, for $42.5 million. As ArabianBusiness tells MHProNews.com, the first joint venture with Killam was …
PRWeb says International Insurance Group, Inc. (IIGI) has created a website to inform consumers of unique insurance risks and coverages for owners and landlords in the MH and RV market. The interactive website allows searches of and quotes from different insurance providers, as well as the opportunity to customize the …
Investors worries abut the financial and political landscape in the Eurozone and concerns for the U.S. banking system in light of JPMorgans’ loss of $2 billion, dropped the Dow Jones Industrial Average -0.98 percent, -125.25 points, to close at 12,695.35. CNNMoney also reports the Nasdaq dropped -1.06 percent to 2,902.58, …
Nobility Shines, Most Tracked Housing Stocks Decline Read More
