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.
In its wrap-up of good deed events in Franklin County, Vir. for 2012, The Franklin News Post reports two of the stories are housing related. In Jan. 2012, Ply Gem Inc. in Rocky Mount donated the exteriors to seven new homes that were featured on ABC TV’s “Extreme Makeover: Home […]
Positive Housing News in VA Read More
The Gazette tells MHProNews five of six scheduled modular homes have been sited on nearly a half-acre on the east side of downtown Colorado Springs, Colo. by Martin Newton of Pax Development. He originally proposed a ten unit, 42 foot tall condo for the property, and although city planning approved
Mods Land in Downtown Colorado Read More
MarketWatch reports Equity LifeStyle Properties, Inc. (ELS) acquired two land lease communities in Texas comprised of 1,765 sites on 175 acres for $25 million cash. Located in the Rio Grande Valley, age-restricted Victoria Palms Resort, with 270 manufactured homesites and 893 RV sites, and Alamo Palms, also age-restricted with 293
ELS Enhances Texas Presence Read More
SecuringIndustry informs MHProNews websites in California are selling fake documents that can be used to stall foreclosure proceedings on properties. The phony court documents claim the debt has been repaid or the trustee has been changed. Online ads claim the documents can tie up banks in administrative proceedings for years.
Fake Court Documents Bring Fraud Charges Read More
HousingWire informs MHProNews pending home sales hit a 2.5 year high in Nov., rising 1.7 percent above the index score of 104.6 in Oct. 2012 to 106.4 last month. According to the National Association of Realtors (NAR) Pending Home Sales Index, the index score is 9.8 percent above last year’s
Pending Home Sales Rise Read More
NationalMortgageNews tells MHProNews despite efforts to maximize tax incentives for low-income housing development, the shortage of affordable housing across the nation is critical, according to a study by CohnReznick LLP, one of the country’s largest largest business and tax advisory firms. These findings are also supported by the Joint Center
Affordable Housing in Short Supply Read More
Stocks fell for the fifth day in a row as our leaders in Washington bluster about, with no apparent resolution in sight to the looming fiscal cliff. CNNMoney reports the Dow Jones Industrial Average slipped -1.21 percent, -158.20 points, falling below the 13,000 mark to 12,938.11. The Nasdaq moved down
Major Indexes Fall; Housing Composite Advances for 3rd Consecutive Day Read More
According to Financial Advisor Magazine, 40 percent of the manufactured homes in the 100 cooperatively owned manufactured housing communities in New Hampshire are appreciating in value. Since 1984 the New Hampshire Community Loan Fund (NHCLF) has helped organize these 100 communities and began financing MH purchases in 2003, loaning $25
Co-op Organizer Finances MH Buys Read More
Santa Cruz Sentinel says the median home price in Santa Cruz, Calif. as of Nov. was $510,000 for a two bedroom on the west side of this Pacific Ocean border town. The same 510k would get you a three or four bedroom home in other parts of the city. Listings
West Coast Housing Gaining Momentum Read More
According to Freddie Mac’s Primary Mortgage Market Survey, HousingWire reports interest rates will finish out the year at near record lows. For the week ending Dec. 27, the average 30-year fixed-rate mortgage (FRM) hit 3.35 percent, down from 3.37 percent the previous week, and well below 3.95 percent from a
Lowest Interest Rate in 65 Years Read More
IstockAnalyst reports MHC owner UMH Properties, Inc. has agreed to purchase ten all-age manufactured home communities comprised of 1,855 homesites on 300 acres for $67.5 million. Five of the communities are in Ind., four in Penn. and one in Mich. with an average occupancy of 83 percent. While the transaction
After Christmas Shopping for UMH? Read More
CNNMoney reports the Census Bureau says new home sales hit a seasonally-adjusted annual rate (SAAR) of 377,000 in Nov., an increase over Oct. of 4.4 percent and a rise of 15 percent over Nov. 2011. The highest rate of new home sales since April 2010 when the $8,000 tax credit
New Home Sales Up 15% over Year Ago Read More
With less than a week to resolve the fiscal cliff crisis, CNNMoney reports U.S. stocks fell precipitously until about 2:30 PM when it was announced lawmakers will meet Sunday to try and resolve the impending crisis, and investors returned to the table, erasing much of the earlier loss. The Dow
Mfg. Housing Composite Gains for 2nd Consecutive Day Read More
As Grist reports, students at the New School and Stevens Institute of Technology designed a super efficient home that won an award at the U.S. Department of Energy’s Solar Decathalon collegiate competition held on the National Mall in Washington, D.C. last fall. Developed in conjunction with Habitat for Humanity and
Experimental Home Set for Occupancy Read More
According to HousingWire, the average price for a U.S. home which peaked at $266,000 in 2006 made it back to $206,000 in Oct. of this year. As MHProNews has learned, the price has risen from $197,000 Oct. a year ago, and $1,000 above the $205,000 in Sept. 2012. (Image credit:
Average Home Price Rises Read More
HousingWire reports four of the five hardest-hit housing market states are witnessing positive home price increases year-over-year. Of the 19 states that received $7.6 billion in aid from the federal government, California, Florida, Arizona, and Georgia had increases in Oct. over Oct. 2011, while Illinois experienced a 1.3 percent decline
Home Prices Continue Upward Read More
As a result of the housing downturn and the slow economic recovery, more seniors have turned to the Home Equity Conversion Mortgage (HECM) program (reverse mortgage), backed by the Federal Housing Administration (FHA) as an economic lifeline, but an independent audit has revealed the program is $2.9 billion in the
Reverse Mortgages Need an About-face Read More
National Public Radio (NPR) reports Harvard economist Martin Feldstein says the Federal Reserve’s holding the interest rate down is assisting many borrowers in buying or refinancing a house, but it is also keeping some lenders out of the market because the lower interest rates reduce the profit margins lenders can
Keeping Interest Rates Low could Return to Bite us Read More
Investors expressed their continuing concern over the fiscal cliff jousting in Washington as all three indexes nudged down. CNNMoney reports the Dow Jones Industrial Average slipped -0.19 percent, -24.49 points, ending the day at 13,114.59. The Nasdaq moved down -0.74 percent, -22.24 points, to close at 2,990.16, while the S&P
Impeding Fiscal Cliff Nudges Stocks Down Read More
Nationalmortgagenews tells MHProNews the Case-Shiller 20-city HPI (house price index) reveals prices nudged down 0.1 percent in Oct. over the previous month, but prices rose 4.3 percent over last year. Meanwhile, Jacksonville, Fla.-based Lender Processing Services, in its monthly sales analysis of 15,500 zip codes says home prices rose 0.3
Dip or Gain in Home Prices? Read More
