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.
According to nationalmortggenews, Lender Processing Services (LPS) informs MHProNews home prices in January, 2013 rose 0.3 percent from the previous month. In its survey of 15,500 zip codes, the Home Price Index (HPI) rose 6.7 percent from January 2012. The largest month-over-month gain was 1.6 percent in Georgia, while the …
U.S. stocks slipped in today’s trading as investors expressed concerned about the financial crisis in Cyprus and how that might affect the ongoing troubles in Eurozone countries. CNNMoney reports the Dow Jones Industrial Average dropped -0.44 percent, -64.28 points, to close at 14,447.75. The Nasdaq fell -0.30 percent, -9.70 points, …
Major Indexes Nudge Down; Tracked Housing Stocks Mixed Read More
Updating a story we covered Oct. 16, 2012 concerning the federal court-ordered closing of Duroville, an MHC in the Coachella Valley in California, and home to some 4,000 mostly migrant workers, 70 of the families have been relocated to Mountain View Estates, a government-subsidized development of 181 new modular homes, …
RuralHome.org informs MHProNews the Corporation for Enterprise Development (CFED), a non-profit dedicated to expanding opportunity for low-income families and communities in the U. S., reports manufactured home borrower repayment records are comparable to site-built mortgage borrowers, and in some cases were better than comparable general mortgage portfolios. CFED’s report, Toward …
Strong Loan Performance from Manufactured Home Mortgages Read More
ZolmaxNews reports Sun Communities, Inc. (SUI) of Southfield, Mich. says it will pay a quarterly dividend of $0.63 per share on Friday, April 19 to investors of record April 1, 2013. Representing a $2.52 annualized dividend, the dividend yield is 5.29 percent. BMO Capital Markets, commenting on the stock, upgraded …
Four uninhabitable manufactured homes at Florella’s Park in Northfield, Minn. that have been empty for years will be removed by the Housing and Redevelopment Authority (HRA) using funds from a Housing and Urban Development (HUD) Block Grant, as southernminn tells MHProNews. According to federal standards, HRA must acquire the homes …
According to gobogalusa in Louisiana, the Washington Parish Planning Commission is considering proposed guidelines that will require modular homes be subject to the same requirements and provisions as stick-built homes. Currently, the parish exempts modular structures ten feet by twelve feet or smaller, but under the new ordinance all modular …
The Manufactured Housing Association of Oklahoma (MHAO) tells MHProNews the rules on the installation of new and used MH have been revised. New homes have to follow the plans laid out by the manufacturer or the engineer/architect, and the homeowner is not responsible for site preparation. For used homes, the …
U. S. stocks responded to hopes that Cyprus will resolve its banking problem, as the three major indexes all inched upwards to end the week. CNNMoney reports the Dow Jones Industrial Average gained +0.63 percent, +90.54 points, to close at 14,512.03. The Nasdaq moved up 0.70 percent, 22.40 points, to …
Very much in line with what we have been hearing, CNNMoney tells MHProNews the National Association of Realtors reports the sale of existing homes reached a seasonally-adjusted annual rate (SAAR) of 4.98 million in February, ten percent above February 2012 but only slightly better than January 2013. It was the …
According to nationalmortgagenews, home sales in Florida are up over ten percent in Feb. compared to Feb. 2012, marking the 14th consecutive month of increasing year-over-year sales. Pending sales are up 27 percent for the same time period, and the median sales price of $150,000 has risen 13 percent from …
The santamariatimes tells us the Northern Santa Barbara County Manufactured Homeowners Team (NSBCMHT), which promotes the welfare of MHC residents, is linked to the legislative action arm of the Golden State Manufactured-Home Owners League (GSMOL). This year’s legislative agenda includes AB1205, a measure that would provide mediation services to resolve …
The Massachusetts Manufactured Housing Association (MMHA) informs MHProNews a series of legislative amendments to the 2008 General Laws concerning manufactured housing is now before the Mass. Senate. In replacing particular sections of current laws, it defines the make-up of the manufactured housing commission, outlines the establishment of a Manufactured Housing …
Senate Amendments Proposed that Govern Land Lease Communities Read More
BuilderOnLine tells MHProNews that at the International Builders Show in Las Vegas in Jan., Champion Enterprises’ Director of Marketing, Kevin Flaherty, was surprised at the standing-room-only turnout for his presentation on modular housing. As the housing recovery continues to take hold, and the construction industry is trying to regroup some …
The Texas Manufactured Housing Association (TMHA) reports of the 5,677 bills filed during the state’s 2013 Legislative Session, TMHA is following 175 of them. Included are House Bill (HB) 3361 and Senate Bill (SB) 214 which would continue the Texas Dept. of Housing and Community Affairs (TDHCA–the agency that oversees …
Legislative Initiatives that Affect Manufactured and Modular Housing Read More
The weight of lagging tech stocks, especially a tepid sales report from Oracle for the third quarter, pulled down all three indexes in today’s trading session. Additionally, the ongoing financial crisis in Cyprus fed into investors’ caution as well. CNNMoney reports the Dow Jones Industrial Average lost -0.62 percent, -90.24 …
From the dead center of Washington state, wenatcheeworld informs MHProNews the sale of houses priced at $250,000 or below sparked a 40 percent increase of home sales over the first two months of 2012, typically one of the slower periods of the year. “Put an entry-level home on the market …
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for March marks the second consecutive month in which every state is represented on the improving markets list by at least one metropolitan market. The IMI gauges increases in employment, housing permits, and housing prices for six consecutive …
According to bizjournals, the North Carolina House of Representatives passed an ordinance which prevents local government from enacting zoning ordinances that dictates the appearance, layout, design, number of rooms, materials, type of windows or doors for single-family and duplex dwellings. It may regulate the height and bulk of a building …
HousingWire informs MHProNews Freddie Mac says this spring homebuying season will be the best since 2007, with home sales increasing 8-10% and housing starts rising to 950,000 units, compared to 2012’s 780,000 starts. Frank Nothaft, chief economist and vice president of Freddie Mac says, “It will be the gradually declining …
