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.
Of the top three companies with the highest dividend yield in the residential REIT (real estate investment trust) industry, the first and second rank are MHC owners. FinancialNewsNetwork tells MHProNews.com UMH Properties, Inc., is highest with a yield of 7.9 percent, followed closely by Sun Communities, Inc., with a dividend […]
Two MHC Operators have Highest Dividend Yield Read More
GoshenNews reports from Goshen, Indiana, that employees of Lippert Components, Inc., donated gifts valued at more than $5,000 to members of the Boys and Girls Club of Goshen who otherwise would not have a Christmas. Food was provided to many families during the holidays, and 175 gift bags were distributed
Employees of MH Component Manufacturer Help the Needy Read More
Mortgage company PHH Corp. watched its stock fall nearly 15 percent last week after Standard and Poor’s Rating Services downgraded the company’s credit and unsecured debt from BB+ to BB-, according to HousingWire. S & P does not think PHH can repay the $423 million in debt due in March
PHH Corp. Losing Ground, says S&P Read More
RVTimes tells MHProNews.com the RV/MH Hall of Fame Museum in Elkhart, Indiana, has managed to keep its doors open despite a debt of nearly $5 million as of last April when Tom McNulty took the reins as executive director. He says, “There are some good things happening and actually our
RV/MH Hall of Fame Museum Still Going Read More
The stock markets in the United States and Europe are closed today, Dec. 26, 2011 in observance of the Christmas holiday. Trading will return to a normal schedule, Tue., Dec. 27. (Graphic credit: Wikipedia)
Stock Markets Closed Today Read More
The Mount Vernon, Illinois, Zoning and Planning Commission is considering an ordinance change that restricts manufactured housing to communities, instead of conditional permit zoning. The Register-News tells MHProNews.com that Mt. Vernon City Councilman David Wood says, “We’re trying to get away from spot zoning,” Wood said. “The way the ordinance
Zoning Change to Restrict MH Read More
MHProNews.com has learned from the LosAngelesTimes the owners of the Village Trailer Park in Santa Monica want to develop the 109 home site land lease community (LLC) into a 400,000 square-foot mixed-use retail, residential, and office complex. The four acre community was saved from extinction in 2007, but the owners
Vintage MHC: Historical, or In the Way? Read More
Santa Claus arrived on Wall Street today on the last trading day before the Christmas holiday, adding more than one percent to the down, nine to the S&P and 19 to the Nasdaq. The Yahoo Finance Manufactured Housing Composite Index did not mirror the broader averages, however and ended the
Christmas Comes Early to Many on Wall Street Read More
HousingWire reports the Office of the Comptroller of the Currency (OCC) says while mortgage delinquencies stabilized in the third quarter, foreclosures climbed 21.1 percent from the last quarter as mortgage servicers rolled back the reprieve imposed in late 2010, following disclosure of the robo-signing controversy. New foreclosures fell 11.8 percent
Foreclosures Coming out of the Woodwork Read More
MHProNews.com has learned from the Maine Public Broadcasting Network that Katahdin Cedar Log Homes has won a contract to supply China with factory-built homes. The initial building will be a 10,000 square- foot reception center on the shores of a man-made lake in Chengdu, in Southwest China, to serve as
Shipping Factory-built Homes to China? Yes Indeed Read More
WinnipegFreePress tells MHProNews.com members of Lake St. Martin First Nation will be moving to new temporary modular homes in mid-February northwest of Winnipeg, Manitoba, Canada. Spring flooding forced over 700 residents of Lake St. Martin from their homes, 487 of whom are living in hotels in Winnipeg. An additional 1,687
Flood Victims to Receive Modular Homes Read More
CNNMoney reports the Dow Jones Industrial Average rose 61.91 points on a quiet day of trading, although bolstered by government reports that first-time unemployment claims fell to their lowest level since April 2008. The Dow closed at 12,169.65, a gain of +0.51 percent. The Yahoo! Finance Manufactured Housing Composite Value
Manufactured Housing Value Composite Outpaces Dow Read More
Frank Rolfe, CEO of MHC owner American Home Communities, LP, writes in NuWireInvestor that buying a small manufactured home community for retirement income is a feasible way to maintain a reasonable standard of living. Given that safe investments only give you a return of two percent, you need $3,000,000 in
MHC Ownership: Good Retirement Income Read More
The JeffersonPost reports from Ashe County, North Carolina, the High Country Council of Governments is once again applying for a grant to help low-income residents make much-needed home repairs, and in some cases, replace unlivable homes with new manufactured homes. Since 2002, every three years all NC counties, except Wake
Site-Built Homes Replaced with New MH Read More
OriginationNews tells MHProNews that after a two-year study, a Columbus, Ohio-based insurance company has introduced the Home Value Protection(HVP) plan to offer a modicum of protection to homeowners interested in refinancing or taking on a new mortgage. In light of the negative equity many homeowners face, Home Value Insurance Co.
Underwater Borrowers: A Chance to Breathe Again? Read More
Wall Street was in the doldrums most of the day, but managed to close four points in the positive. The Yahoo Finance Manufactured Housing Composite Value closed higher, however, up 3.3 percent. The bulk of individual stocks watched were also up. Allied Managers Group added .47cents a share (.5 percent)
MH Index Up, Dow Closes Flat Read More
SacBee reports MH and RV component manufacturer and distributor Patrick Industries, Inc., has finalized its acquisition of Elkhart, Indiana-based Performance Graphics, a designer, producer, and installer of exterior graphics for the RV, marine, enclosed trailer, and racing industries. Todd Cleveland, President and CEO of Patrick, said, “The acquisition of Performance
Patrick Industries Acquires Graphics Company Read More
NationalMortgageNews reports the battle over President Obama’s nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) has stymied three uncontroversial confirmations in related areas. Senate Minority Leader Mitch McConnell (R-Kent.) has put a hold on Martin Gruenberg’s nomination to head the Federal Deposit Insurance Corp. (FDIC), Thomas
Partisan Battle Continues to Dog Richard Cordray as Head of CFPB Read More
CNNMoney reports the Dow Jones Industrial Average surged over 300 points on positive news from the housing market, and as overhanging fears about the European debt crisis subsided. The Dow climbed throughout the day, gaining 337.17 points, +2.87 percent, to close at 12,103.43. The Yahoo! Finance Manufactured Housing Composite Value
Good News Housing Market Helps Propel Dow Read More
BostonGlobe reports three potential candidates have been identified as possible monitors to make sure banks comply with any settlement of a nationwide foreclosure probe. In the wake of disclosures that mortgage companies were using faulty documents to seize homes during the foreclosure process, all 50 states began investigations. The monitor
Candidates Being Considered to Monitor Foreclosure Probe Read More
