From Housingwire.com, MHProNews.com learns that after the sixth consecutive decline in January, home prices are at comparative levels to those a decade ago. The information comes from data insight provided by CoreLogic. Home price fell 3.1 percent in January from a year earlier and dipped 1 percent from December. Depriciation […]
Home Prices at 2002 Levels Read More
Stock market indexes headed up again towards the 13,000 mark Wednesday and the Yahoo Finance Manufactured Housing Composite Index added nearly three percent. Most individual stocks also advanced. Affiliated Managers Group, Inc. added $1.70 (1.63 percent) to arrive at $106.13. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH
Stocks Advance Over Tuesday Slump Read More
Mortgage bankers report applications declined 1.2 percent for the week ending March 2, as refinancing activity slowed. The Mortgage Bankers Association (MBA) reports loan applications fell 1.2 percent on a seasonally adjusted basis, while the refinance index decreased 2 percent from the previous week. Also according to the report, investors
Mortgage Applications Decline Read More
Greenfab was recently awarded LEED Platinum certification by the United States Green Building Council (USGBC) for achievement in green homebuilding and design. Greenfab’s prefabricated, modular home is the first to be certified LEED Platinum in the State of Washington. The home is part of Greenfab’s 1300 Series. The 1,870 square
Prefabricated Modular Receives LEED Platinum Read More
An item in the Financial Times likely raised an eyebrow or two this week when it dubbed a manufactured housing index the “trailer park indicator.” But it did come bearing good news. The financial index comes from Nicholas Colas, ConvergEx Group chief market strategist and is focused on manufactured housing,
Financial Times Say 18 Million Living in MH Read More
That’s not a headline you’re likely to read in the local papers, yet it’s quite a frequent occurrence when it comes to manufactured housing. Two headlines came across our computer screens today, one from The Columbian in Vancouver Flames damage manufactured home in central Vancouver. The article reads “Vancouver firefighters
Flames Destroy Site-Built Home Read More
The Bipartisan Policy Center Housing Commission and the Jack Kemp Foundation will jointly host a timely housing forum in San Antonio, Texas March 6. The forum will feature former Secretary of Housing and Urban Development Henry Cisneros, a co-chair of the BPC’s Housing Commission, San Antonio Mayor Julian Castro, as
Former HUD Secretary Cisneros to Host Forum on Housing in America Read More
Stocks closed modestly lower Friday with most manufactured housing and related stocks following suite. The Yahoo Finance Manufactured Housing Composite Index also closed down– by more than three percent. Individual stocks closing lower include Allied Managers Group, down .36 cents (.33 percent) to $107.63; Clayton Homes, Vanderbilt Mortgage and Finance,
Stocks End the Week Lower Read More
Fannie Mae recently reported a net loss of $2.4 billion in the fourth quarter of 2011, compared with a net loss of $5.1 billion in the third quarter of the year. For the full year of 2011, Fannie Mae reported a net loss of $16.9 billion, compared with a loss
Fannie Mae Reports Fourth-Quarter and Full-Year 2011 Results Read More
According to a new report, present day mobile homes are increasingly being considered permanent dwellings for the middle-income individuals, in many parts of the world, and the sector contributes significant revenues to the entire housing industry. The Manufactured Homes segment within the prefabricated housing market, is the most competitive category
Report: Global Prefab Market Bright Read More
From the Shoreline Times in New Haven Connecticut, MHProNews.com learns of a brewing battle over rent control at the Green Acres Mobile Home Park. According to the article, residents filed complaints about rising rents with the Fair Rent Commission. The most recent lease was presented to residents for $526 in
Rent Control Issue Bubbling in Connecticut Read More
From Salina, Kansas and KSAL News Radio, MHProNews.com learns that Universal Forest Products will lease 15,000 square feet of a 30,000 square feet facility in the Salina Airport Industrial Area. The Grand Rapids, Michigan company manufactures and markets wood and wood alternative products for the manufactured housing industry as well
Universal Forest Products Opening Salina Facility Read More
Palomar Modular Buildings, a Texas based direct manufacturer of custom commercial modular buildings, has announced the development of a multi-use dining facility for remote oilfield housing camps. The company says a series of designs will allow food service companies and property management groups to provide man camps with an all
Palomar Modular Buildings Announces Multi-use Dining Facility for Oilfield Housing Camps Read More
The Fed said the economy expanded at a modest pace in the early parts of 2012, but that wasn’t enough to excite the markets. The Dow ended the day down nearly half a percent and the Yahoo Finance Manufactured Housing Composite Value ended down more than three percent. Individual stocks
Stocks End Hump Day Down Read More
Reports from the twelve Federal Reserve Districts suggest that overall economic activity continued to increase at a modest to moderate pace in January and early February. The Fed reports manufacturing continued to expand at a steady pace across the nation, with many districts reporting increases in new orders, shipments, or
Fed Reports Increased Real Estate Activity Read More
There don’t appear to be any shortage of Internet connections in Attawapiskat, or at least not for those in Canada concerned about the conditions there. From the Toronto Sun, MHProNews.com learns that the prime minister’s office and the office of the aboriginal affairs minister were recently flooded with e-mails about
Canadian Minister’s Office Flooded with Emails on Attawapiskat Read More
Mortgage applications decreased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2012. This week’s results are adjusted for the Presidents Day holiday. The MBA Market Composite Index decreased 0.3 percent on a seasonally
Mortgage Applications Decrease in Latest MBA Weekly Survey Read More
WesternOne Equity Income Fund has announced that the first modular buildings are rolling off the production line in its Waco, Texas facility of its WEQ Britco LP division. The plant in Texas, which had been idle for three years before Britco purchased it in September 2011, now has 80 employees.
Palomar Modular Buildings, a Texas based manufacturer of commercial prefabricated and modular buildings, announced recently the introduction of an integrated wood-steel floor system achieved by nesting dimensioned lumber in perimeter steel beams. The company says the new floor system can reduce over the road height by as much as a
Palomar Modular Buildings Introduces Integrated Wood-Steel Floor System Read More
The Dow remained essentially flat, down .01 percent, Friday while the Yahoo Finance Manufactured Housing Composite Index took another tumble, closing down nearly three percent. Fortunes smiled on some individual stocks, however, Affiliated Managers Group, Inc. added .91 cents (.86 percent) to close at $107.07; Clayton Homes, Vanderbilt Mortgage and
Stocks Remain Flat Through Most of Friday Read More
