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.
Updating a story MHProNews posted earlier today about allegations by the Consumer Financial Protection Bureau (CFPB) that Castle & Cooke Mortgage of Salt Lake City made illegal incentive payments to loan officers, the president of C & C denied the charges and is seeking to resolve the issue. “We don’t […]
Castle and Cooke Deny Wrongdoing Read More
Although the Nasdaq index was spurred on by Facebook’s strong earnings report, the broader market was not terribly active today one way or the other, although the other two indexes did move up slightly, and all three are up 18 percent on the year. CNNMoney reports the Dow Jones Industrial
Patrick Ind. Makes Gains, Nobility Falls; Three Major Indexes Move Up Read More
Manufactured housing component supplier Lippert Components, Inc. of Elkhart, Ind. announces its patented Level Up automatic leveling system for recreational vehicles (RV) is now available using a wireless remote. Level Up will level an RV in under a minute, and it includes a feature that remembers the exact height at
Lippert Brings Wireless to Recreational Vehicle Leveling Read More
Campaign contributions for seven of eight newly installed GOP House committee chairmen have risen 59 percent in this year over the first six months of 2011. The 11 continuing committee chairmen only show a three percent average increase in first-half contributions this year over the same time frame two years
New House Committee Chairmen Rake in the Chips Read More
Manufactured Housing Community owner Sun Communities, Inc. (NYSE:SUI) will release its Q2 2013 financials before the market opens Thurs., July 25, to be followed by a conference call at 11 a.m. that same morning. For the first quarter of this year revenue increased 24.4 percent over the same period last
Sun Communities to Offer Q2 2013 Results Read More
A mortgage lender is being sued by the Consumer Financial Protection Bureau (CFPB) for allegedly paying bonuses to loan originators that charged consumers higher interest rates in violation of the loan officer compensation rule. The 85th largest lender in the country, Castle and Cooke Mortgage LLC of Salt Lake City
CFPB Sues Lender for Violating Compensation Rule Read More
The District of Summerland in British Columbia, Canada is looking to replace an old Royal Canadian Mounted Police (RCMP) post, possibly with affordable modular housing. Summerland Mayor Janice does not like the idea of high-rise apartments, but is open to ideas from developers for the two acres, especially for dense
Old RCMP Post may become Affordable Modular Housing Read More
Stocks for the most part drifted down in today’s trading, despite good housing news, but Apple’s better than expected earnings kept the tech-heavy Nasdaq just above the red line, as the Dow and S&P fell into the red. CNNMoney reports the Dow Jones Industrial Average edged down 25.50 points, -0.16
Two of Three Major Indexes Edge Down; Most Tracked Housing Stocks Fall Read More
Sales of new single-family homes spiked 8.3 percent in June to a seasonally-adjusted annual rate of 497,000 units, says the National Association of Home Builders (NAHB), their best pace in the last five years, according to the Dept. of Housing and Urban Development and the Census Bureau. The inventory of
New Home Sales Rise in June Read More
In addition to 55 plus housing for seniors and continuing-care communities, another option that offers financial and supportive care benefits is a modular unit that can be placed adjacent to an adult child’s home. These temporary Accessory Dwelling Units (ADUs) allow seniors to be independent yet safe and close to
Seniors Served by Modular Units Adjacent to Adult Child’s Home Read More
A super energy efficient modular house from Swiss housing firm Nuhaus will be showcased at the BRE Innovation Park in Watford, England at the Insite 13 exhibition Oct. 2, 2013. The two semi-detached two-story houses are aimed at the affordable housing market, and can be fully erected in one day.
England, Switzerland Collaborate on Modular Housing Read More
Updating a story MHProNews published Jan. 27, 2013 concerning new modular town homes in Jersey City, NJ, several of the homes were on display July 23 for a walk through. The $7.6 million development of the 22 three-bedroom homes was delayed by a clean-up of chromium-contaminated land in a crime-plagued
Modular Home Development Nearing Completion Read More
Following the receipt of letters by manufactured housing community residents from landlords allegedly trying to lock them into long-term leases with built-in increases, two Del. lawmakers are holding a meeting on the new rent control measure set to become law Jan. 1. Under the new bill, community owners will be
Del. Rent Control Law to be Explained Read More
While the Manufactured Housing Association for Regulatory Reform (MHARR) reports the government-sponsored enterprise (GSE) finance reform bill in the House, called the Protecting American Taxpayers and Homeowners Act (PATH), is being prepared to move forward, there is no indication manufactured housing consumer financing is included. Although some industry reports say
Manufactured Housing Finance Needs to be in Reform Bill Read More
The RV/MH Hall of Fame in Elkhart, Ind. announces the selection of Jeff White as sales and marketing manager for the Northern Indiana Event Center (NIEC) plus other obligations within the Hall. His responsibilities focus primarily on promoting events at NIEC and booth sales in the Halls’ Supplier Hall. MHProNews
Hall of Fame Hires Event Promoter Read More
Investors today weighed the recent corporate returns for Q2 2013–mostly good–against a weaker-than-expected report showing an index of manufacturing activity fell 11 percent, but the Dow nevertheless managed to eke out a new high. CNNMoney reports the Dow Jones Industrial Average edged up 22.19 points, +0.14 percent, to close at
Nobility Spawns a Spike; Dow Sets New Record Read More
Supplier of components for the manufactured housing and recreational vehicle industries, Drew Industries, Inc. will release its 2013 Q2 financials prior to the opening of the market on Tue., Aug 6, 2013. That same day at 11 a.m. EST an interactive conference call limited to analysts and institutional investors will
Drew to Announce Q2 2013 Financial Results Read More
The Magnolia (Ark.) Planning Commission approved a variance request for the siting of a manufactured home in an R-2 zoning. Virginia Ball asked for the variance so she may provide living accommodations for a relative. She has one year to site the home, after which she will have to ask
Manufactured Home Receives Arkansas Variance Read More
Chicago-based, land lease community operator Equity LifeStyle Properties (NYSE:ELS) will announce its second quarter 2013 earnings report in a conference call Tue., July 23 at 11:00 AM. In its first quarter 2013 earnings data, ELS reported revenue of $190.59, beating the consensus estimate of $177.42. According to utahpeoplespost, the revenue
Equity LifeStyle Properties to Release Q2 Financials Read More
While sales of existing homes slipped 1.2 percent in June from May, the National Association of Realtors (NAR) says sales rose 15.2 percent over June of 2012. The seasonally-adjusted annual rate (SAAR) fell from 5.14 million in May to 5.08 million in June. Lawrence Yun, NAR’s chief economist, says higher
Existing Home Sales Rise over Last Year Read More
