News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
MyMotherLode tells MHProNews Columbia Mobile Home Park in Columbia, Calif. east of San Francisco, may lose its water and sewer service June 5 unless a $17,884.35 overdue bill is paid. A notice to that effect was posted May 21 at the community which has 63 homesites, 13 of which are …
KnoxNews informs MHProNews Miss Kay and Phil Robertson, stars of the A&E reality TV show “Duck Dynasty” have signed an agreement, along with Phil’s brother, Si, to do a series of commercials promoting Clayton Homes. “What do I know about Clayton Homes?” Phil Robertson asked. “I know they’re built right …
According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by Hispanics, generating over $500 billion in home sales. An additional $233 billion in commissions, fees and spending connected to home-ownership would further …
Immigration Reform Could be Boon to Housing Industry Read More
Investors, hearing that the Federal Reserve may continue its Quantitative Easing policy, sent the Dow and the S&P to new highs during today’s trading session. CNNMoney reports the Dow Jones Industrial Average gained +0.34 percent, +52.3 points, to close the day at 15,387.58. The Nasdaq advanced +0.16 percent, +5.69 points, …
Dow and S&P Hit New Highs; Tracked Housing Stocks Mixed Read More
As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet: …
MHProNews has learned from The Jerusalem Post the 50 families forcibly removed from the Migron outpost in the West Bank of Israel due to a ruling by the Israeli High Court of Justice have been relocated to modular homes a mile and-a-half away. The court ruled the land belonged to …
According to gwdtoday, the Greenwood City Council in Greenwood, South Carolina unanimously approved the rezoning of property along Beadle Ave. from R7 (high-density residential) to RM7 (high-density residential manufactured housing). The owner of the property intends to place modular homes on the site. Several members of the council noted it …
Ahead of official forecasts by the National Association of Realtors (NAR) and the Commerce Dept., nationalmortgagenews informs MHProNews a survey of economists by Bloomberg reports new and existing home sales rose to a seasonally-adjusted-annual-rate (SAAR) of 5.41 million in April. This marks the highest number since Nov. 2009 when the …
Following up on a story MHProNews last posted Feb. 15, 2013, concerning a temporary moratorium on the siting of manufactured homes in Magnolia, Ark., magnoliareporter says the Magnolia Planning Commission will continue its discussion at its next meeting. While current regulations require a 65-foot minimum width for siting a manufactured …
Planning Commission Still Considering MH Siting Ordinance Read More
Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900 …
Investors backed off from the market today as they await the testimony before Congress of Federal Reserve officials, including Chairman Ben Bernanke, this Wednesday, May 22. CNNMoney reports the Dow Jones Industrial Average slid -0.12 percent, -19.12 points, to close the day at 15,335.28. The Nasdaq lost -0.07 percent, -2.54 …
Quiet Market Day; Tracked Housing Stocks Move Little Read More
As the postandcourier informs MHProNews, modular homes have been slow to catch on in the Charleston, South Carolina area, although there are pockets in the city that have them, most notably north Charleston-based, Hunley Waters, which is all modular homes. Supplied by Nationwide Homes in Martinsville, Vir., the dwellings are …
The nationalmortgagenews reports in a survey of credit unions responding to the QM Rule issued by the Consumer Financial Protection Bureau (CFPB), 44 percent say they will no longer originate non-qualified mortgages and another 44 percent will reduce originations. In the survey conducted by the National Association of Federal Credit …
The tri-cityherald informs MHProNews the Clover Leaf land lease community in Kennewick, Wash. was sold in February, 2013 to BW Land which is developing the 22 acres into a waterfront of shops, condos, and hotels. BW sent out eviction notices to residents, giving them 30 days to move, but retracted …
The postandcourier reports from Ladson, South Carolina, Equity Homes salesman Allen Croft recalls in 1997 the company sold 986 new homes, but changed its business model as sales declined and now sells only refurbished homes. Although the majority of the firm’s homes come from auctions, 37 percent are from individual …
According to what 4-traders tells MHProNews, Sun Communities, Inc. has secured a $350 million revolving line of credit with the option for an additional $250 million. The secured loan has a four-year term but can be extended for an additional year. Interest on the loan is floating, and can range …
According to gobogalusa, the Franklinton (Louisiana) Board of Aldermen heard the results of the meeting of the Planning and Zoning Commission regarding the regulation of modular homes. Building inspector Bob Walters said they are built similarly to manufactured homes but are governed by the International Residential Code (IRC). Walters stated …
The rise in consumer sentiment led to a fourth week of gains in the stock market, as the Dow and S&P set new records. CNNMoney reports the Dow Jones Industrial Average gained +0.80 percent, +121.28 points, to close the week at 15,354.50. The Nasdaq advanced +0.97 percent, +33.73 points, to …
Stocks Continue to Advance; Tracked Housing Stocks all Rise Save one Read More
Sam Zell, Chairman of Equity LifeStyle Properties, Inc. (ELS) tells Fortune magazine the stock market is riding high but the underlying fundamentals are weak and the market will fall. “The current euphoria in the stock market will be adjusted, and I hope that’s all that happens,” he says. Noting that …
For the first time in its 25-year history, the Montreal International Design Show will feature an entire modular home, a red cedar-clad home with contemporary lines, one of five models in the Pur series offered by Bonneville Homes of Quebec, Canada. The montrealgazette informs MHProNews the Pur-Z has two bedrooms …
