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.
As it looks for ways to drop its risk, marconews reports Citizens Property Insurance Co., the state-run insurer that covers 130,000 factory-built homes in Florida, most of which are over 20 years old, is depreciating older homes, offering cash value in case of a loss instead of replacement cost. In …
Manufactured Housing in Florida is Losing Insurance Coverage Read More
Senator Kevin Bryant of the South Carolina Legislature was honored by the Manufactured Housing Institute of South Carolina (MHISC). He said, “ I was honored by the Manufactured Housing Institute of South Carolina on Thursday 04.18.13 with the Legislator of the Year for 2012. Most legislation dealing with Manufactured Housing …
SeekingAlpha reports Equity LifeStyle Properties, Inc., the largest operator of manufactured home communities in the U.S., issued the transcript of its conference call for the first quarter 2013 financials April 23. CEO Margeurite Nader, noting the consistency of growth in their funds from operations (FFO), said demand continues to be …
MarketWatch informs MHProNews real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) reports its funds from operations (FFO) in the first quarter of 2013 were $30.7 million, or $.90 per share versus $25.7 million for the same period in 2012, or $.89 per share. Net income attributable to common shareholders …
According to mercurynews from California, both Santa Clara University and Stanford University will have entries in this year’s Solar Decathlon sponsored by the U. S. Department of Energy. The biennial competition fields 20 university teams to build the most comfortable, energy-efficient and aesthetically pleasing modular homes that leave the smallest …
RVBusiness says Elkhart, Ind.-based Patrick Industries, Inc., a component supplier to the RV and MH markets, reports first quarter 2013 revenue increased 38.4 percent over the same period in 2012, moving from $102.7 million to $142.1 million in Q1 2013. Sales in the RV sector accounted for approximately 75 percent …
A better-than-expected jobless claims report buoyed the stock market today as CNNMoney reports the Dow Jones Industrial Average managed a +24.5 point gain, +0.17 percent, -to end the day at 14,700.90. The Nasdaq moved up +0.62 percent, +20.34 points, to close at 3,289.99, while the S&P advanced +0.40 percent, gaining …
The Indiana Manufactured Housing Association Recreational Vehicle Indiana Council (IMHA/RVIC) reports as the state legislature prepares to conclude its session for the year, the association continues to work on a manufactured housing tax issue that will limit impact on the industry. As MHProNews has been informed, other issues dealt with …
During testimony before the House Ways and Means Committee on residential real estate and tax reform, Robert Dietz of the National Association of Home Builders (NAHB), noting 40 percent of renters pay more than 30 percent of their income for household rent, urged Congress to maintain the mortgage interest deduction, …
Updating a story MHProNews last covered April 27, 2011 regarding the wildfire that destroyed 488 of the 600 manufactured homes at the Oakridge Mobile Home Park in Sylmar, Calif. in Nov. 2008, 60 spanking new manufactured homes have risen from the ashes and are now rentals. The dailynews says the …
The Massachusetts Manufactured Housing Association (MMHA) is asking members to oppose Senate Bill 610 and House Bill 1116 (the same bill) because the proposed changes to the manufactured housing regulations include adding annual site fees of $10 per for a statewide dispute resolution program. Another bill would tie MHC licenses …
Updating an MHProNews posting from March 27, 2013 regarding the modular home being assembled on the Empire State Plaza for the New York Housing Association Spring Symposium and Legislative Summit in Albany April 30-May 3, alloveralbany has a photo of the 1,300 square foot home. Stating manufactured housing is a …
Noting that baby boomers are poorer than their parents, with half of those facing retirement having less than $10,000 in the bank and one of six of them living in poverty, psmag informs MHProNews the residents of the 333 factory-built homes at Pismo Dunes Senior Park in central Calif. have …
Mediocre earnings reports and a drop in durable goods orders of -5.7 percent in March left many U. S. stocks flapping in the breeze, going nowhere, as the three major indexes moved little or not at all. CNNMoney reports the Dow Jones Industrial Average slid -0.14 percent, -43.16 points, to …
Patrick, Skyline Corp. Shine; Major Indexes Barely Move Read More
According to nationalmortgagenews, banks are the ones walking away from vacant homes these days, starting but not completing the foreclosure process because they do not want the responsibility for maintaining the property, resulting in hundreds of thousands of homes being withheld from the market. In some cases, homeowners who have …
Abandoned Homes Continuing to Hold Back the Market? Read More
The estevanmercury tells MHProNews the city council in Estevan, Saskatchewan, Canada is considering two proposals to help ease the housing shortage in the city. One is a modular subdivision with room for 474 homes proposed by developer Kurtis Dmuchowski of Regina-based West D Construction. He has offered to buy the …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews Jeb Hensarling, (R-TX) Chairman of the House Financial Services Committee, says he cannot accept testimony from the Consumer Financial Protection Bureau’s (CFPB) director Richard Cordray on the semi-annual report since he is not a valid director. A federal appeals court …
MHProNews has learned from the Wall Street Journal there is rare bipartisan support in Congress to roll back a provision in the Dodd-Frank Act that could produce a decline in manufactured home lending, thereby hurting builders, lenders, and owners. A part of Dodd-Frank sets a threshold for interest rates beyond …
Both Parties in Congress Favor Revising Dodd-Frank Read More
Investors reports Affiliated Managers Group, Inc. (NYSE:AMG) will report its financial results for the first quarter ending March 31, 2013 in a teleconference call on April 30, 2013 at 11 AM EST. Senior management will discuss quarterly results, and may include discussion of future financial operations. The live call and …
Yesterday’s report that existing home sales declined in March was countered by today’s news that new home sales rose in last month, helping to push all three major indexes to gains above one percent on the day. The fake Associated Press report that two explosions rocked the White House, injuring …
Deer Valley Spikes, Cavco, Patrick Advance; Major Indexes Gain 1%+ Each Read More
