Top National News Freddie Mac: Multifamily Affordability Is Now a Key Focus Freddie Mac reports that residents of apartment communities of five or more rental units currently make up 15 million U.S. households — a figure that is expected to climb with shifting demographics and shelter preferences. Such factors as …
With all three major indexes up six to eight percent for the year, investors took a step back, digesting mixed housing market news, as all three indexes fell. CNNMoney reports the Dow Jones Industrial Average moved down -0.77 percent, -108.13 points, to end the day at 13,927.54. The Nasdaq dropped …
Mfg. Housing Composite, Patrick, Drew, and LPX all Drop Read More
The possible merger of Office Max and Office Depot gave investors something to smile about as the Dow and S&P rose to new five-year highs. CNNMoney reports the Dow Jones Industrial Average moved up +0.39 percent, +53.91 points, to end the day at 14,035.67. The Nasdaq gained +0.68 percent, +21.57 …
Housing Composite Spikes, all Three Major Indexes Rise Read More
The elkodaily reports from the northeastern part of Nevada, some years ago about 1,100 homes were given the wrong addresses, 75% of those in manufactured housing communities. Either the numbers are out of sequence or they are on the wrong side of the street in Elko, defying digital map-based software …
KeysNews reports Carefree RV Resorts, with 61 communities across the nation, is transforming the Sunset Harbor Trailer Park in Key West into Sunset Harbor Community, which will become a no age restriction manufactured housing community with 77 new HUD Code pastel homes. The price of the Jacobsen Homes, built to …
Although consumer sentiment from the University of Michigan’s survey came in higher than expected, and 65 percent of the companies in the S&P 500 beat analysts’ corporate earnings expectations, investors shied away from stocks today. CNNMoney reports the Dow Jones Industrial Average edged up +0.06 percent, +8.37 points, to end …
Following President Barack Obama’s State of the Union address, Rick Judson, chairman of the National Association of Home Builders (NAHB), issued the following statement: “Extremely tight mortgage credit conditions are hampering the housing recovery and hurting job growth. The nation’s home builders were very pleased to hear President Obama acknowledge …
Following up on a story MHProNews posted Jan. 22, 2013 in which the Magnolia (Ark.) Planning Commission placed a temporary moratorium on the siting of MH in the town, the commission has scheduled a meeting to continue discussion for Monday, Feb. 18 in the City Council Chambers. A survey of …
MountainExpress informs MHProNews the U. S Environmental Protection Agency (EPA) is urging communities to apply for EPA’s Smart Growth Implementation Assistance (SGIA) program that will explore innovative strategies in four categories to develop healthier and more sustainable places to live, work and play. The goal is to develop solutions to …
News that a third consecutive quarter of declining growth in the Eurozone at the end of 2012 trumped the U.S. news that first-time unemployment filings fell, along with the two big mergers, leaving the three major indexes to move little. CNNMoney reports the Dow Jones Industrial Average slipped -0.07 percent, …
Negative Growth report from the Eurozone Bums U.S. Stocks Read More
In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society …
Sam Zell on the Housing Market: It’s Going to be a While Read More
MHProNews has learned from RVBusiness that Sun Communities, Inc. has purchased ten recreational vehicle communities in seven states from Wis. to Maine for $111.47 million. Of the 3,700 sites, approximately 40 percent have RVs under annual rental contracts. Southfield, Mich.-based Sun—a real estate investment trust (REIT)–also acquired cottages and homes …
While investors focused on better-than-expected corporate returns, retail sales for January came in lower than expected, and some analysts do not think the market can go much higher without a break. CNNMoney reports the Dow Jones Industrial Average nudged down -0.26 percent, -35.79 points, to end the day at 13,982.91. …
Major Indexes, Housing Stocks we Cover Rather Sluggish Read More
The Ledger tells MHProNews residents of MHCs around Fla. are organizing to pressure the Florida Legislature into enacting legislation that would link rent hikes to the Consumer Price Index (CPI) in their communities when a home changes hands. Ed Green says the current system is a deterrent to people interested …
Fla. MHC Residents Organizing to Change Rent Hikes Read More
While U. S. stocks closed mixed for the day, investors were enough pleased with corporate earnings reports to send the Dow within 200 points of its all time high. CNNMoney reports the Dow Jones Industrial Average nudged up +0.34 percent, +47.46 points, to end the day at 14,018.70. The Nasdaq …
An article in NuwireInvestor refutes the charge in a Wall Street Journal piece from Dec. 11, 2012 that the manufactured housing market is declining while the site-built market is rebounding. Of the 50,000 MHCs in the nation, 45,000 serve as affordable housing for those who pay around $500 a month …
With the Dow and S&P up nearly seven percent and the Nasdaq up almost six percent this year, investors stepped back from the trading table as the three indexes dropped slightly. CNNMoney reports the Dow Jones Industrial Average nudged down -0.16 percent, -21.73 points, to end the day at 13,971.24. …
Investors stayed against the wall of the dance floor sifting through mixed economic news, including a drop of two percent in business productivity for Q4 2012 and and weekly jobless claims that came in above forecasts, sending the three indexes to the red zone. CNNMoney reports the Dow Jones Industrial …
Heraldonline reports from Toronto, Canada that Innovative Composites International, Inc. (ICI), which produces modular housing for remote locations and disaster situations, has appointed Andrew McConnell to the board of directors, replacing Chris Kruba who resigned his position. McConnell is president and CEO of Ayiigwa Corp., which works with First Nation …
Concerns about the Eurozone continue to trouble U. S. stocks, driving caution into the minds of investors, as the three main indexes moved little in either direction. CNNMoney reports the Dow Jones Industrial Average nudged up +0.05 percent, +7.22 points, to end the day at 13,986.52. The Nasdaq lost -0.10 …
Housing Composite Gains 4.59%; Tracked Housing Stocks Mostly Fall Read More
