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.
CNNMoney reports the $25 billion settlement between the country’s five largest banks and the state attorneys general and federal government has led to JPMorgan Chase offering mortgage relief for thousands of its customers. The settlement gives banks the most credit for loan modifications completed in the first year, so Chase […]
Mortgage Relief comes from Servicing Settlement Read More
CNNMoney says caution was the word on Wall Street as investors awaited word from the European market and the Federal Reserve, sending the Dow Jones Industrial Average down to 13,254.29, losing -52.35 points, -0.39 percent. The Nasdaq also fell, dropping -1.03 percent to 3,104.02, while the S&P lost -0.61 percent
Dow Edges Down while Cavco and Housing Composite Rise Read More
IHS Global Insight economist Patrick Newport, talking to nationalmortgagenews, says, “The trend is still away from homeownership. You still have a lot of foreclosures in the pipeline and people who lose their homes will mostly end up renting.” Rental rates have risen from 2.2% in 2011 to 4.1% in 2012,
Multifamily Rental Units Increasing Nationally Read More
DallasNews tells MHProNews with 29 new multi-family projects beginning and 27 new staff members at Dallas City Hall in the building services department, which is funded solely by permitting and building fees, construction is steadily returning. The high end of single-family construction is improving, as is private sector commercial construction.
As Construction Increases, Software will Streamline Building Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) says the number of improving housing markets increased from 81 in August to 99 in Sept., further indication that the housing market is recovering. Based on employment growth, house price appreciation, and single-family housing permit growth for six
More Good Housing News Read More
Hawaiireporter says Honolulu City Council member Tom Berg is proposing a five-year pilot program to erect temporary modular housing for farm workers on the Leeward Coast of Oahu, noting $1,600 a month rents make it difficult to keep long-term employees. Considerable resources are spent training new workers, but the availability
Workforce Housing for Hawaiian Farmers Read More
connecttristates reports a collaborative effort between the North East Community Action Corporation (NECAC) of Bowling Green, Missouri and Louisville, Kentucky-based Next Step will put low income people in modular homes in the NECAC area. The non-profit works with a variety of other non-profits, businesses, and governmental entities to deliver social
Affordable Modular Housing Program for Missouri Read More
The vagazette informs MHProNews compassion led the Planning Commission in James City, Virginia to take a step beyond the legal border of the Public Service Area (PSA) and recommend extending sewer service to residents of the Greensprings Mobile Home Park. The two-and-a-half hour meeting saw several of the 80 residents
Planning Commission Moves Beyond Jurisdiction Read More
sgvtribune reports from El Monte, California in the San Gabriel Valley an initiative on the November ballot will repeal a voter-approved measure that provides a ten percent discount to qualifying seniors who live in some of the MHCs in El Monte. The measure also gives the city council authority to
Repeal of Measure would Allow Rent Control Read More
nationalmortgagenews says according to John Burns Real Estate, before the housing downturn new home sales accounted for 16 percent of sales transactions, falling to five percent as the bottom dropped out. The new-to-existing home sales ratio fell from five to one to 17 to one, but has since climbed back
New Home Sales Slowly Returning Read More
A weak August jobs report left investors with added hope that the Federal Reserve will provide more stimulus when it meets next week, as the three major indexes made very minor gains. CNNMoney says the Dow Jones Industrial Average gained +0.11 percent, +14.64 points, to 13,306.64. The Nasdaq moved up
Weak Jobs Report Dampens Dow; UFPI Rises, Nobility Falls Hard Read More
nola informs MHProNews from LaPlace, Louisiana, on the western outskirts of New Orleans, some 7,000 homes have been inundated by Hurricane Isaac, leaving thousands homeless. 10,000 residents have registered for assistance with various local agencies, but because the high flood waters caused such widespread damage to possible transitional housing like
Modular Homes may House Isaac Victims Read More
In advance of the government’s jobs report, CNNMoney tells MHProNews paycheck processing firm ADP says private employers added 201,000 jobs in Aug., an increase from 173,000 in July. Adding more than 150,000 jobs in a month decreases the unemployment rate. ADP says the service sector added 185,000 new jobs, while
Private Job Reports Looking Up Read More
According to information from Freddie Mac, as originationnews says, the average for a fixed rate 30-year mortgage fell four points during the week ending Sept. 6 to 3.55%, compared to 4.12% a year ago. The Mortgage Bankers Association (MBA) tells MHProNews mortgage applications have fallen recently but lenders report the
30-Year FRM Slides, Mortgage Apps Slow Read More
KTICRadio in Nebraska informs MHProNews the Nebraska Public Service Commission it will lower seal fees it charges manufactured and modular homes. Mark Lutich, Department of Housing and Recreational Vehicles director, says several years ago in the throes of the housing downturn when production was low, the department had to let
Nebraska Reduces Fees for MH and MOD Read More
Notching the highest mark since the second quarter of 2005, the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) rose for the eighth consecutive quarter, from 51 in Q1 2012 to 54 this most recent quarter. Measuring builder and developer sentiment about conditions in the apartment and condominium
Multifamily Units Continue Rising Read More
The Chisago County Press in Lindstrom, Minnesota tells MHProNews the Stonegate MHC is only the fifth community in the state to become owned by the residents. Stonegate Residential Corporation recently closed on the financing to make the 50 home site a co-op with the assistance of NorthCountry Foundation (NCF), which
The European Central Bank’s bond-buying plan and better-than-expected job market data in the U.S. spiked a rally on Wall Street that sent the three indexes to their best numbers in years, as the Dow Jones Industrial Average ended the day at its highest level since Dec. 2007. The Dow gained
Dow’s Spike Advances some Housing Stocks, but not Across the Board Read More
In his political blog, Jim Shella of Indianapolis notes U.S. Senate candidate Joe Donnelly chose to tour a vocational school in Indianapolis instead of attending the Democratic National Convention in Charlotte, NC this week. Responding to Republican opponent Richard Mourdock’s attack ads aligning him with President Obama, Shella notes it
Democratic Senate Candidate Donnelly Skips Charlotte Read More
Killam Properties, Inc., in its expansion efforts outside Atlantic Canada, announces it has acquired a four building, 244-unit apartment portfolio in Ottawa, Ontario, bringing its overall total to 11,638 apartment units. Based in Halifax, Nova Scotia, Canada, MHProNews has learned Killam owns and operates over 50 manufactured housing communities comprising
Killam Continues its Westward Growth Read More
