TheDickinsonPress reports residents of a land lease community in Dickinson, North Dakota, may be relocated to make room for a parking lot for a four-story modular dormitory to house students of Dickinson State University. Linda Steve, Dickinson State University Alumni and Foundation representative, said at a city Board of Adjustment …
CNNMoney reports the Dow Jones Industrial Average gained slightly today as investors’ fears eased about the European debt crisis. The Dow gained 17.18 points, or +0.14 percent, points to close at 12,096.16. The Yahoo! Finance Manufactured Housing Composite Value closed up 1.25 percent to end the day at 879.9. Tracked …
European Debt Fears Ease, U.S. Economic Data Looking Better Read More
MarketWatch says in an interview with Cathy Baron Tamarz, the CEO of his own company, Business Wire, Warren Buffett reiterates that those earning over $1 million should pay the same percentage in income taxes as middle-class Americans. Noting it is class warfare, he said, “My class has won. You’ve seen …
RealtorMag reports a survey of 1,000 adults by Move Inc. reveals 27 percent of respondents say they plan to buy a home in the next two or three years, but only two percent intend to buy within 12 months. 23 percent are delaying the purchase over concerns for the real …
NationalMortgageNews reports the Federal Housing Administration (FHA) unloaded 102,195 repossessed housing units in FY 2011, bringing in over $7 billion to the coffers of the Treasury. Tom Rose, director of real estate owned by FHA, says the government, which pays a six percent commission and sells only through Realtors, paid …
The JournalSentinel reports while Republicans and Governor Scott Walker lauded the efforts of the state legislature to create jobs in their three-week session, the Democrats are skeptical of their claims. However, they did pass legislation that would allow trucks to transport larger and heavier loads, like modular homes, on the …
RiverheadNewsReview reports from Long Island, New York, that prices for manufactured housing in Riverhead have fallen 38 percent since 2008, even though more homes are being purchased. The median price fell from $36,000 in 2008 to $22,500 this past year. The 500- homesite Glenwood Village continues to offer new, upscale …
Following up on a story we published Oct 21, 2011, about the oil boom and subsequent housing shortage in Williston, ND, ArgusLeader reports neighboring South Dakota is reaping benefits from the black gold rush driving the economy. Custom Touch Homes in Madison and Superior Homes in Watertown have contracts to …
Yahoo!Finance reports A.M. Best Co. has upgraded Standard Casualty Company’s financial strength rating to A-(Excellent) from B++ (Good) and its issuer credit rating to “a-” from “bbb”. Standard had been downgraded Sept. 17, 2010 because of the financial uncertainly of its parent company, Palm Harbor Homes. Palm Harbor and five …
CNNMoney reports the Dow Jones Industrial Average gained for the second straight day, as leaders in Greece and Italy took measures to curb the debt crisis in both countries. The Dow gained 259.89 points to close at 12,153.68, or + 2.19 percent. The Yahoo! Finance Manufactured Housing Composite Value closed …
Dow Regains More Lost Ground as European Debt Crisis Looks Better Read More
In the SantaMariaTimes, Ron Faas, lobbyist for the Northern Santa Barbara County Manufactured Homeowners Team, says Santa Barbara (CA) County’s long-planning division has drafted a manufactured-home park closure conversion ordinance that the Board of Supervisors had requested. Noting the importance of local ordinances to assure the availability of low cost …
OriginationNews says according to RealtyTrac, foreclosure filings rose seven percent in October, but have declined by 31 percent from a year ago. However, the report indicates a backlog of foreclosures that have not been filed, that some megabanks are waiting for the pending robo-signing settlement. One attorney says he has …
CanadaWire reports Innovative Composites International,, Inc., of Toronto has inked a deal to supply Brazil S.A. with $160 million worth of EcoScape modular homes over the next three years. In the agreement with Brazilian contractor Millenium Brasil Limitada and consultant Green Intelligence Corporation, the large project homes will be shipped …
CNNMoney reports 30 minutes into the trading day stocks began plummeting amid fears of Italy’s worsening debt crisis coupled with the European Union’s lack of a plan to rescue Europe’s fourth largest economy. The Dow Jones Industrial Average fell a whopping 389.24 points, losing 3.20 percent to close at 11,780.94. …
HousingWire reports mortgage applications spiked 10.3 percent last week on a seasonally-adjusted basis, according to the Mortgage Bankers Association (MBA) market composite index. On an unadjusted basis the index increase amounted to 9.9 percent. Mortgage refinance applications accounted for 78.6 percent of all applications, an increase from 77.1 percent last …
MarketWatch reports Freehold, New Jersey-based UMH Properties, Inc., released its performance results for the nine months ending Sept. 30, 2011. Funds from Operations (FFO) amounted to $6,529,000, $.45 per share, as compared to $.62 per share on FFO of $7,813,000 for the same nine months of 2010. Net income attributable …
RealtorMag reports a study by Builder Magazine and Hanley Wood Market Intelligence says urban areas with large universities, military bases, and strong private sector employment will drive the eight healthiest housing markets in 2012. Based on expected price appreciation, population growth, income growth, and improving employment picture, and factoring in …
CNNMoney reports U.S. stocks rose from a noon low to gain 101.79 points following news of the impending resignation of Italy’s Prime Minister Silvio Berlusconi. The Dow Jones Industrial Average closed at 12170.18, a gain of 0.84 percent. The Yahoo! Finance Manufactured Housing Composite Value lost 0.69 percent to close …
Bradenton reports Champion Commercial Structures, a division of Champion Homes, will team with Russell Building Group to build 83 housing units for Flint, Michigan’s, Smith Village Neighborhood. Funded by a Housing and Urban Development (HUD) grant, the homes will replace thousands of dilapidated houses that were demolished, with low to …
VancouverSun reports the brothers Goodjohn were at the edge of disaster a couple of years ago with their high-end modular business, and now have ten office employees, 30 on the production line, and sales approaching $20 million. Businessman W. Brett Wilson helped Karoleena, Inc., develop a business plan and invested …
