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.
The DailyNewsOnline reports a $400,000 New York state grant to replace pre-1984 factory-built homes with new MH will be directed by Genesee Counties’ Housing Initiative Committee in collaboration with the non-profit Pathstone Corporation. The goal is to replace eight owner-occupied homes in Genesee and Orleans Counties with energy-efficient units. There …
An increase in factory orders and strong auto sales boosted investors’ confidence for a shortened trading day that ended at 1 PM in anticipation of the Independence Day holiday, as all three indexes closed on a positive note. CNNMoney tells us the Dow Jones Industrial Average gained +72.43 points, +0.56%, …
Dow and Most Tracked Housing Stocks Gain on Short Trading Day Read More
RVBusiness reports the RV/MH Hall of Fame & Museum has garnered $62,740 since the initiative began May 1 in its fundraiser goal to meet the Ingram family’s $100,000 Challenge Grant. June donations totaled $6,800 including $2,750 in the Hall’s “Walk of Fame” Brick Program donations. Darryl Searer, president of the …
According to the Manufactured Housing Institute’s (MHI) monthly report, shipments of manufactured homes rose to 5,211 for May, an increase of 16.7 percent over May 2011, as well as an increase over the 4,630 manufactured homes shipped in April 2012. MHProNews.com has learned this marks the tenth consecutive month of …
DaytonaBizLaw reports the Fourth District Court of Appeals in Florida, in the case of Hanrahan vs. Hometown America, LLC, involving a property owner’s responsibility to protect a tenant from insects, ruled in favor of Hometown America. A resident was attacked by a swarm of red ants that evidently led to …
SmarTrend tells MHProNews.com 63,000 shares of Sun Communities (NYSE:SUI) traded hands early today as the stock hit a 52-week high of $45.19. Trading in a range from $30.49 to $45.19 over the past year, the stock has risen 47 percent over the lowest share price. The 50-day moving average (MA) …
RealtorMag reports the Commerce Department says new, single-family home sales rose to 7.6 percent in May, the best pace since April 2010, and up 20 percent year-over-year. New home prices are rising as well: Prices increased 5.6 percent over last year, and are now at a median price of $234,500. …
OriginationNews states the CoreLogic House Price Index (HPI) notched its third consecutive monthly increase as house prices rose 1.8% in May, an increase of two percent over May 2011, and is expected to rise another 1.4% in June. Anand Nallathambi, president and chief executive officer of CoreLogic says the limited …
The drop in U.S. manufacturing activity in June for the first time in almost three years was tempered by investors’ hopes the Federal Reserve would provide some stimulus for the sluggish economy, as stocks closed mixed for the first day of the second half of 2012. CNNMoney tells us the …
Following up on a story we published April 5, 2012 concerning ATCO Structures and Logistics of Alberta, Canada opening a modular production facility in Pocatello, Idaho, Manufacturing reports the Idaho State Journal says ATCO held a ribbon-cutting ceremony Wed., June 27 attended by Pocatello Mayor Brian Blad and company CEO …
According to the Arizona Daily Star, the tough new Federal Housing Authority (FHA) loan restrictions that could have negatively affected one third of mortgage applications have been lifted to be replaced with a more lenient policy. Scheduled to have taken effect July 1, 1012, the original plan would have required …
RV Business reports the 36 foot trailer that Elizabeth Taylor used for her dressing room during the filming of Cleopatra in 1963 sold at auction recently for $51,660. Twentieth Century Fox was said to have spent $75,000 to lavishly outfit the Aljo trailer with full columns mounted on the walls, …
The NorthKitsapHerald reports from Poulsbo, Washington incorrect serial numbers on a house, an MH paid for but not delivered, incomplete contracts, purchase and sale agreements withheld, and uncompleted work on a manufactured home are all charges being leveled at Kelly Rohr, owner of Golden Homes of Poulsbo, just outside Seattle. …
REIT (real estate investment trust) Sun Communities, Inc. reports from Southfield, Michigan its board of directors has declared a quarterly dividend of $0.63 per share for the second quarter of 2012, payable July 20, 2012 to share holders of record July 10, 2012. According to RTT News, Sun reported a …
NationalMortgageNews reports senior citizens, the primary target of reverse mortgages, do not fully understand its risks and features and the tradeoffs involved, leading the Consumer Financial Protection Bureau (CFPB) to plan stronger disclosure requirements. In a conference call with reporters, CFPB Director Richard Cordray said, “They may focus primarily on …
CFPB to Require more Transparency in Reverse Mortgage Market Read More
Investors applauded the deal reached by European leaders to assist struggling banks, pushing the Dow Jones Industrial Average up by nearly 300 points. CNNMoney reports the Dow spiked 277.83 points, +2.20%, to finish at 12,880.09. The Nasdaq roared up a full +3.00 percent to 2,935.05, while the S&P gained +2.49 …
Stocks Roar into Second Half of 2012; Housing Stocks Respond Well Read More
MHProNews has just learned of the passing of George Goldman on May 6, 2012. Entrepreneur, real estate investor, and philanthropist, Goldman, 80, owned several MHCs in the Midwest as well as Woodall’s Guide, a comprehensive guide to RV campgrounds, parks, parts and service that he developed, and that originally listed …
MHProNews has learned that the HUD Multi-Family Staff pre-approves loan for refinancing and rehabilitation, in this case, of the first manufactured home land lease community. The new loan will provide $4.2m in funding from a private lender for a resident owned cooperative located on popular Bainbridge Island in Puget Sound. MHProNews.com …
Benzinga asks if investors should buy stock based on what Warren Buffett’s Berkshire Hathaway purchases. Alex Shek reports that on May 15, Berkshire reported General Motors and Viacom were added to its portfolio as of March 31. The obvious first question is, can it be worthwhile to buy what may …
Whale Watching May not be Good Investment Strategy Read More
Quad-Cities reports from Rock Island, Illinois, just across the Mississippi River from Davenport, Iowa, taxes for manufactured homes are due in the Rock Island County Treasurers Office July 9, 2012. Payments postmarked July 9 will not be considered late. State law imposes a fine of $25 per month, or any …
