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.
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013, from $2,738,000 to $5,254,000, from $0.18 a diluted share in Q1 of last year to $0.30 per diluted share Q1 …
HousingWire tells MHProNews that the most recent CoreLogic home price index spiked 10.5 percent nationally, the 13th consecutive monthly increase in home prices nationally. “For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year,” said …
According to cbsnews, a report based on recent data from the Census Bureau American Community Survey states that the percentage of renters paying over 50 percent of their income increased from 22.8 percent to 26.4 percent. The foreclosure crisis, falling home prices, and tighter credit drove former homeowners into rentals …
From down under MHProNews has learned Australian companies Elenberger Fraser and Unitised Building have developed a residential, modular building system suitable for a skyscraper as well as a stylish single-family home. According to gizmag.com, in order to eliminate waste, the dimensions of the prefab building blocks, termed Klik, take into …
Better-than-expected corporate earnings and momentum from last week’s positive jobs report propelled U.S. stocks today, pushing the Dow and the S&P 500 to record highs in hump-day trading. CNNMoney reports the Dow Jones Industrial Average gained +0.32 percent, +48.92 points, to end the day at 15,105.12. The Nasdaq gained +0.49 …
Dow, S&P Set New Highs; Deer Valley and Louisiana Pacific Advance Read More
Robeson County, North Carolina manufactured home dealer McMillan Properties has been banned from doing business by Attorney General Roy Cooper for selling substandard homes and homes that were never delivered. According to what carolinalive tells MHProNews, 52 consumers in the Robeson County area have filed complaints against Bradley and Sherry …
Company Banned from Dealing in Factory-built Homes Read More
NASDAQ says Louisiana Pacific Industries, Inc. (LPX) reports in the first quarter of 2013 adjusted earnings per share of $0.41 from continuing operations, in line with Zacks Consensus Estimate, and a strong turnaround from the six cent loss per share for the same period in 2012. Net sales for Q1 …
Louisiana Pacific Industries Sales Rise 48.6% over Q1 2012 Read More
According to Easier.com, the continuing housing shortage in western North Dakota due to the Bakken Formation oil boom has led to another player in housing market development. Property Horizons Director and Founding Partner Robert Gavin explains, “There are 15,000 oil workers and rising in North Dakota. Many have families who …
The lowellsun informs MHProNews Massachusetts Attorney General Martha Coakley is supporting legislation to establish a dispute resolution process between residents and owners of manufactured housing communities, streamline community rules approval, and require certificates verifying the water and sewer systems are in working order. Appearing before the Joint Committee on Housing …
MHProNews has learned from the columbiamissourian, the Columbia City Council of Columbia, MO has voted to annex 25.2 acres occupied by the High Hill Circle land lease community which will add to the city’s affordable housing stock. City zoning is essentially the same as in the county, and will not …
Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by …
Co-op Assumes Responsibility for Managing Community Read More
MarketWatch informs MHProNews private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden L. Rudoph to the post of Vice President, Asset Management. A senior associate since June 2011, Rudolph has been involved in acquisitions and asset management, and was involved in the company purchase …
The U. S. stock market had a banner day today after the Dow closed above 15,000 for the first time ever and investors drove the S&P 500 to another new high. CNNMoney reports the Dow Jones Industrial Average gained +0.58 percent, +87.31 points, to end the day at 15,056.20. The …
Dow, S&P set Records; Cavco Gains most of Tracked Stocks Read More
The U. S. Department of Housing and Urban Development (HUD) has announced it will sell approximately 20,000 severely delinquent mortgage loans insured by the Federal Housing Administration (FHA) in an attempt to reduce the shadow inventory and hone in on areas showing high foreclosure activity. Through its Distressed Asset Stabilization …
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) reports the number of U. S. housing markets experiencing sustained growth fell from 273 in April to 258 in May, representing all 50 states and the District of Columbia. The IMI measurement is based on areas that show …
According to northbaybusinessjournal in Calif., Santa Rosa-based HybridCore Homes is designing the first phase of an 81-unit modular apartment complex in Williston, North Dakota, where the Bakken Oil Field has created a large demand for housing. The second phase calls for an additional 324 apartments. The name refers to the …
MHProNews has learned from kelownacapnews in British Columbia, Canada, a letter aimed at elected officials from a couple who own a manufactured home is appealing a ruling based on a numbering system that prevents them from registering their homes in the Manufactured Home Registry. Their homes meet all the requirements …
The portlandtribune reports a huge tree that uprooted and fell down an embankment into the Sieben Creek behind the Shadowbrook Mobile Home Park Dec. 12, 2012 in Clackamas, Ore. has apparently ceased to cause problems. The residents’ major water line damaged by the tree was repaired Dec. 28, but the …
The S&P 500 closed at a record high again today, hitting 1619.7 and then settling back at 1617.50 while the Nasdaq marked its highest level since 2000, attributable to gains made by Bank of America and Apple. CNNMoney reports the Dow Jones Industrial Average slipped -0.03 percent, -5.07 points, to …
Three Indexes Stay High; Most Tracked Housing Stocks Gain Read More
Craig’sDetroit notes southeast Mich. is home to two of the largest owners of manufactured home communities. RHP Properties of Farmington Hills is the largest privately-owned MHC in the nation, having just competed a deal to acquire 71 more communities, bulging its portfolio to $2.25 billion, as MHProNews posted April 16, …
