I mean, not everything is California, but we've seen just some horror stories about trying to rebuild in the Palisades and and permitting and, you know, you just mentioned uh regulatory issues. It's obviously based on on states or or or more local, but is that add into the the the issue with trying to to loosen things up. I are young people ever going to be able to buy a home, Ivy.Well, I think it starts with also land prices and right now builders are renegotiating uh in some cases with their land bankers, ...

INDIANAPOLIS, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Today the Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) announced Jason Blain, senior commercial lender at Grand Rapids-based Independent Bank, was awarded the 2025 Community Spirit Award honoring exceptional contributions to affordable housing and community development in Michigan. Community Spirit legacySince the award’s inception in 2007, FHLBank Indianapolis — a regional, wholesale bank cooperative and part of the Federal Home L ...

Tech giants pledged billions of dollars to make housing more affordable in Silicon Valley—but results have so far fallen short https://t.co/NW8oiOAusY ...

UMH Properties (UMH) Q2 2025 Earnings Call August 07, 2025 10:00 AM ET Speaker0Good morning, and welcome to Properties Second Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. It is now my pleasure to introduce your host, Mr.Craig Coster, Executive Vice President and General Counsel. Thank you, Mr. Coster. You may begin.Speaker1Thank you ...

as the sun tries to come up over the Big Apple. So, let's talk about housing, especially in the New York area. With the US housing shortage intensifying and home prices rising to all-time highs, one suburb of New York City has made rent more affordable. The Wall Street Journal has new reporting on the city of New Relle, New York, and how it has sliced through the red tape to build thousands of new apartments.Joining us now, Wall Street Journal reporter, the one behind that piece, Rebecca Pachto. So, Rebecca ...

Financial Data and Key Metrics Changes - Revenue increased by 9.5% year over year and 16.6% sequentially, reaching $556.9 million [5][15] - Operating profit rose approximately 50% compared to both the previous quarter and the same quarter last year [5] - Net income was $51.6 million, compared to $34.4 million in the previous year, with diluted earnings per share at $6.42 versus $4.11 [20] Business Line Data and Key Metrics Changes - Factory Built Housing segment net revenue was $535.7 million, up 17% from $458 million in the prior quarter, driven by a 14.7% increase in homes sold [15] - Financial Services segment net revenue increased to $21.2 million, up 8.2% from $19.6 million in the prior year, primarily due to higher insurance premium rates [15][19] Market Data and Key Metrics Changes - The Southeast region experienced a slight lag in orders, with Q1 shipments slightly below the preceding quarter [7][30] - Average selling price (ASP) increased due to a shift towards multi-section homes and true price appreciation, marking a significant upward move after a period of modest declines [10][11] Company Strategy and Development Direction - The company is focused on increasing production rates to meet demand, with a record of 5,416 homes shipped this quarter [6][7] - An agreement to purchase American HomeStar for approximately $184 million in cash was announced, expected to close early in the third quarter, aimed at cost reduction and product optimization [12][13] - The company continues its share repurchase program, having repurchased $50 million of stock this quarter, totaling 16.6% of outstanding shares since the program's inception [14][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the execution of their plan despite uncertainties in future demand, noting that the current order trends remain positive [6][28] - The company acknowledged challenges in the Southeast region, particularly in Florida, but emphasized a steady performance in other areas [30][32] - Management highlighted improvements in financial services, attributing the turnaround to better underwriting criteria and favorable weather conditions [11][19] Other Important Information - Consolidated gross margin increased to 23.3%, up 160 basis points from the previous year [16] - The effective income tax rate decreased to 20.9% from 21.5% in the prior year [20] - The company generated $55.5 million in cash from operating activities, reflecting solid performance [22] Q&A Session Summary Question: Is the level of ordering continuing into fiscal Q2? - Management noted that while summer months may see a seasonal slowdown, there is a continuation of positive trends without indications of a drop [27][28] Question: Are there specific states in the Southeast experiencing softness? - Management clarified that Florida has been struggling, but other Southeastern states are performing steadily, with a focus on monitoring production levels [30][32] Question: What is the impact of tariffs on costs? - The estimated impact of tariffs on costs was about $700,000 for Q1, with potential increases expected if proposed tariffs are implemented [51][75] Question: What are the expectations for growth in Texas? - Management expressed confidence in Texas as a key market for manufactured housing, anticipating continued growth and opportunities for value creation [105][106]

FORWARD-LOOKING STATEMENTS Certain statements in this Investor Presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements often discuss our plans, strategies, intentions, markets, beliefs, forecasts and guidance, and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "expects," "may," "will," "believes," "should," "would," "could," "appro ...

Core Points - A "builder's remedy" lawsuit has been filed regarding the former Mayfair Farms property in West Orange, NJ, following the township's failure to submit its Fair Share Housing Plan by the June 30 deadline [3][4][5] - The lawsuit allows developers to bypass local zoning laws to build higher-density residential projects, contingent on including affordable housing units [6] - West Orange is required to provide 409 "present need" units and 660 "prospective need" units over the next decade according to state regulations [6] Political Dynamics - Mayor Susan McCartney has accused the town council of inaction leading to the lawsuit, while council members have countered that the mayor is responsible for missing the deadline [5][8] - The council members claim they were only informed of the lawsuit after it was filed, indicating a lack of communication from the mayor's office [9] - The council asserts that the mayor has the sole authority to propose contracts and that the responsibility for the affordable housing plan lies with her [11][12] Project Details - The lawsuit proposes the construction of 421 new housing units on the Mayfair Farms site, including 82 affordable units and a 41-unit bonus, totaling 123 affordable unit credits [10] - This proposed development would fulfill over 15% of West Orange's Fourth Round "prospective need" obligation of 660 units [10] Next Steps - An executive session presentation on an affordable housing plan prepared by Heyer Gruel & Associates is scheduled for the town council meeting on July 22 [13]

Affordable housing isn't something the government will solve.. it's only something that can come from competition and innovation.@BOXABL offers stunning dwellings 🏡 that can be set up in just a few hours once on location.Starting at just $60k - https://t.co/XFb3XyiJfX https://t.co/cNQjE258gv ...

Joining us right now for a conversation about real estate, local New York City, mayoral politics, and so much more, RXR chairman and CEO Scott Reckler. Good morning to you. I think we're all trying to figure out what's going on with the real estate market in New York City.But I think the overhang or overlay to all of this is what's just happened um in this mayoral election and I think a lot of people surprised about it and I know a lot of people in your business seem to be anxious about it. So what's your t ...