From Housingwire and CoreLogic, MHProNews.com learns that the number of mortgage applications filed in the U.S. jumped 4.8 percent for the week ending March 30. The reason, the Mortgage Bankers Association concludes, is more people started the process of buying a home. Refinancing was also on the rise with a […]
Mortgage Applications on the Rise Read More
From GateHouse News Service, MHPRoNews.com learns that Massachusetts State Senator Marc Pacheco is holding a public forum this week to review manufactured housing law and answer questions about community living. The forum is being held in conjunction with the Attorney General’s Office and the Department of Housing and Community Development
Massachusetts Senator to Hold Manufactured Housing Forum Read More
Most stocks closed lower Wednesday with the Dow off more than 100 points. While most watched manufactured housing stocks also closed lower, the Yahoo Finance Manufactured Housing Composite Value recorded a small gain. Closing lower were Affiliated Managers Group, down $1.91 (1.66 percent) to 113.28; Clayton Homes, Vanderbilt Mortgage and
Stocks Lower, Yahoo Index Shows Small Gain Read More
From The Globe and Mail, we find a story depicting manufactured housing a bright spot in an otherwise gloomy housing market. According to the article, manufactured housing shipments in January rose to 60,000 on a seasonally adjusted annual rate, up 33 per cent over last year, but still off highs
Manufactured Housing a Bright Spot in Market Read More
As reported by the Manufactured Housing Association for Regulatory Reform (MHARR), Texas leads the nation in terms of manufactured housing shipments. A report from the Federal Reserve Bank of Dallas helps explain why. Texas gained 24,600 jobs in February after adding 58,900 jobs in January. Current Texas employment stands at
Leading the Nation in Manufactured Housing Demand, Texas Economy Shines Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), the manufactured housing industry rebound evident during the second half of 2011 has continued into February 2012, posting its seventh production increase in
MHARR Says Production Increase Trend Continuing Read More
We learn from Reuters that lending to small business in the United States barely grew in February. The news came from the Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses. The index edged up to 98.3 in February from 98.2 a
Small Business Lending Slows Read More
ICF International recently announced the company has been awarded a new contract to support the energy efficiency portfolio for a major U.S. utility. Through this contract, ICF will promote increased energy efficiency in the residential market. Efforts will include programs for existing multifamily properties, manufactured housing, new home construction, agricultural
ICF International Awarded $6 Million Energy Efficiency Contract Read More
Indexes including the Dow and Yahoo Finance Manufactured Housing Composite closed lower Tuesday as fed minutes deflated market expectations. Closing lower with the broader markets were Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway, down $366 (.27 percent)
Indexes Close Lower Tuesday Read More
From Salt Lake City, the Associated Press and the Examiner, MHProNews.com learns that Utah Governor Gary Herbert recently announced a plan to help would-be homeowners with downpayments. Two new mortgage loan programs at the Utah Housing Corporation are available to first-time home buyers and repeat buyers with credit issues or
Utah Programs Help With Down Payments Read More
According to a Bloomberg News analysis, a bulge of foreclosures coming through the system could further erode home prices in the U.S. According to the report, as many as 1.25 million homes are headed for auction after a probe into foreclosure practices kept them on the sidelines. For banks, the
Bundle of Foreclosures to Enter Market, Risk Eroding Prices Read More
On the Pennsylvania House Agenda today was legislation known as SB 1141 and sponsored by Sen. Charles McIlhinney, R-Bucks/Montgomery. The bill defines a “relocated manufactured home” and requires the Department of Community and Economic Development to promulgate regulations regarding installation and safety requirements for relocated manufactured homes. The bill also
PA Bill Focuses on Relocated Homes Read More
An item on the Avalon Homes blog points out the fact that modular homes contain thirty percent more wood than site-built homes. Of all the wood homes produced, the company says modular homes are the strongest. Because they have to be built for transportation, additional measures are taken to stablize
Avalon Says Modulars Stronger Read More
From the Observer in Dunkirk, New York, MHProNews.com learns that dealer Owl Homes has been named the largest in the state. Owl Homes of Fredonia was recognized by Commodore Homes Corporation as the largest single-lot dealer of modular and manufactured homes in the state of New York,. The company recorded
Owl Homes Recognized as Biggest in New York Read More
U.S. and Chinese manufacturing data helped stocks get off to a good start Monday. The Dow gained four tenths of one percent and the Yahoo Finance Manufactured Housing Composite Index gained more than one percent. Rising with markets Monday were Affiliated Managers Group, up 1.66 (1.48 percent) to $113.47; Clayton
Stocks Up On First Trading Day in April Read More
It is with regret that we bring the news that Andy Zafiropoulos passed away March 27 after a brief illness. Born in Greece, Zafiropoulos was a university professor of Economics, manufactured home retailer, and community developer and resident of Erie, Pennsylvania. Zafiropoulos developed, owned, and operated Blue Coral Mobile Home
In Memorium: Andy Zafiropoulos Read More
Economic activity in the manufacturing sector expanded in March for the 32nd consecutive month, and the overall economy grew for the 34th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. At the same time, the Commerce Department reports a drop in construction spending.
Construction Drops, Manufacturing Increases Read More
An item on Housingwire points out a recent over “zestimate” by the real estate web site Zillow of a manufactured home in Sunnyvale, California. More than three times the asking price, the zestimate of $357,000 on the home at 600 E Weddell DrSPC 284 in Sunnyvale was probably in line
Is Real Estate Site Zestimate Optimistic? Read More
From Illinois and the Orion Gazette comes a story about the Lustron Home. Workers there recently installed siding on a home made by Lustron, a prefabricated house was built with enamel-covered steel panels on the outside and more steel panels on the inside. Built in 1948 at the company’s plant
Illinois Town of Orion Makes Note of Resident Lustron Home Read More
Axle maker T.J.T., Inc. announced today that it has filed suit against four former management employees on the grounds of the alleged wrongful use, disclosure and acquisition of trade secrets, breach of fiduciary duties and tortuous interference with third-party relationships. The suit names Fred Amen, Doug Strunk, Mike Gentry, and
TJT Files Suit, Alleges Wrongdoing by Former Officials Read More
