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 the face of mortgage servicers role in the national housing crisis by changing loan terms resulting in borrowers losing their homes, and foreclosing on homes when lenders missed payments, the Consumer Financial Protection Bureau (CFPB) has proposed a new set of rules to make borrowing more transparent and thus …
nctimes reports from Escondido in southern California incumbent Olga Diaz and challenger Don Greene have received endorsements for city council from the Coalition of Escondido Mobile/Manufactured Home Voters, which represents the city’s 7,000 MHC residents. Greene lives in a manufactured home and has been a strong advocate for issues that …
Continuing concerns about the growth of the global market gave investors pause, keeping trading volume down, as the Dow Jones Industrial Average drifted lower, losing -38.52 points, -0.29 percent, to close at 13,169.43. According to CNNMoney, the Nasdaq actually gained +0.05 percent to 3,022.52, while the S&P lost -0.13% to …
LedyardPatch reports from Ledyard, Connecticut the residents of 55 plus community MHC Stonegate Village are opposing a plan by the owners to develop an undeveloped 22 site area for residents of all ages, including seven units as affordable to comply with HUD requirements. Owner Third Garden Park, LP of Stamford, …
MHC Owner wants to Include Affordable Housing in Retirement Community Read More
HousingWire reports while Rep. Paul Ryan, (R-WI), Gov. Mitt Romney’s running mate for the White House has proposed privatizing “the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk,” and an end to the $188 billion …
SanteePatch reports from Santee, California that the city’s 12 manufactured housing communities account for 12 percent of all the homes in this town just east of San Diego. Seven of the MHCs are 55+ communities, and in 1989 the city enacted a rent control ordinance which has been successfully upheld. …
leadingage says while the Joint Center for Housing Studies at Harvard University predicts the housing recovery will be led by single-family home construction, the center also foresees the financial burden that will accompany the growing number of seniors who will need assisted housing and supportive services. The number of cost-burdened …
Housing Costs to Grow for Seniors on Fixed Incomes Read More
In a story just previous to this one, we reported the city of Cumberland, Maryland in Allegany county in the northwest corner of the state opted out of the state mandated sprinkler system law. In Salisbury, Maryland, Wicomico County officials at the southeastern end of the state also agreed the …
As follow-up to a story we posted Aug. 1, 2012, Allegany County Commissioners in Cumberland, Maryland opted out of state legislation that requires automatic sprinklers in new one and two bedroom single-family homes, including manufactured and modular homes, but are considering incentives to encourage installation before the state mandate takes …
With Chinese exports only up one percent since a year ago and declining U.S. import and export prices, lackluster investors hit the pause button amid fears of a global slowdown. The three indexes gained slightly, but none was above one-third of a percentage point. CNNMoney reports the Dow Jones Industrial …
More Housing Stocks Lose than Gain, as Dow Nudges Up Read More
The Mortgage Bankers Association (MBA) reports that Federal Housing Authority (FHA) foreclosures started spiked 60% from the first quarter, hitting 1.53%, the highest point in several years. Excluding foreclosures, according to NationalMortgageNews, FHA delinquencies fell to 11.89% from the first quarter’s 12%, while the inventory of FHA foreclosures increased to …
Yahoo! Finance says Universal Forest Products, Inc. (UFPI) released the following statement of earnings as a percentage of net sales, comparing Q2 2011 to Q2 2012: The company reports gross profit of 12.1% for the second quarter of 2012 versus 10.4% for the same period 2011; earnings from operations increased …
MHProNews has learned from the U.S. Dept. of Urban Development (HUD) that the owner and staff of MHC Heritage Point Mobile Home Park in Montgomery, Alabama have been charged with violating the Fair Housing Act for refusing to rent a home site to an African American family and for following …
bizjournals tells MHProNews Tampa, Florida-based Deer Valley Corp. reported net income of $179,651 for second quarter 2012 versus $327,485 net income for the same period of 2011. Revenue fell to $7.6 million for the quarter ending June 30, 2012 versus $7.8 million for the same period last year. With factories …
Yahoo! Finance says Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports for the second quarter 2012 funds from operations (FFO) increased 5.7% over the same period 2011, while revenue from property rose 9.6% 2012 over 2011, $33,679,000 over $30,735,000. Net operating income increased to $20,518,000 in 2012 from $18,687,000 …
Volume on the New York Stock Exchange was light today as investors digested a better-than-expected drop in initial jobless claims, a narrowed trade deficit, and a surprise decline in wholesale inventories, according to CNNMoney. The three main indexes remained at their highest levels since May as the Dow Jones Industrial …
The National Association of Home Builders tells MHProNews builder confidence in single-family homes for the 55+ market for Q2 2012 more than doubled over the second quarter of 2011, from 13 to 29, the highest second quarter reading since this sector of NAHB’s Housing Market Index (MHI) started in 2008. …
Following a story we first published June 11, 2012, the SidneyHerald says the West Side Elementry School in Sidney, Montana continues to try and find affordable housing for the 16 new staff members hired since last year. Schools superintendent Daniel Farr says 90 percent of the staff cannot afford local …
enewschannels reports NeoPod Systems, LLC of Sunrise, Florida has teamed with Second Street Capital, Inc. to provide builders with modular kitchens and bathrooms that can be readily integrated into the construction process of multi-family, military, medical clinic, and dormitory-type projects. The modular units include framing, fixtures, painting, and connections as …
As follow-up to a story we published this Monday, Aug. 6 about YES! Communities purchase of 42 MHCs comprised of 10,500 home sites from American Residential Communities (ARC), also of Denver, the NewsObserver reports from North Carolina ten of the communities and 2,500 of the home sites are in Greensboro …
YES! Says “Yes” to Better Service for Community Residents Read More
