The U. S. stock markets are closed today, Jan. 16, in observance of Martin Luther King, Jr. Day. The markets will open again tomorrow at 9 AM for regular trading hours. (Photo credit: NYSE/Wikipedia)
U.S. Stock Markets Closed Today Read More
In speaking to a packed room at the Louisville Manufactured Housing Show Jan. 12, Joe Stegmayer, CEO of Cavco/Fleetwood and MHI Chairman told attendees about the ongoing efforts of MHI to advance the Industry’s agenda in Washington. Stegmayer spoke of the critical nature of involvement by state associations, because “all
MHI Sluggers come to Louisville, Part I Read More
MHProNews.com has learned from MassLive the Blu Homes factory in East Longmeadow, Massachusetts, which opened in 2010, has closed and production facilities have relocated to Vallejo, California. While the sales office and design studio will remain in Waltham, MA, spokeswoman Dana Smith says, “It’s not about what went wrong in
Modular Plant Moving East to West Read More
As a follow-up to our story Nov 8. 2011, MHProNews.com has learned from MLive in Michigan that the first phase of the Smith Village Neighborhood development of 27 modular homes was completed as scheduled, Dec. 31, 2011. Champion Homes and Russell Building Group are constructing 83 dwellings in Flint, MI
Modular Homes Completed on Schedule Read More
The Motley Fools’ Robert Eberhard tells MHProNews.com an investment in Berkshire Hathaway (NYSE:BRK-B) stock benefits from being a company, or stock, hand-picked by Warren Buffett. Eberhard compares it to investing in a no-loan mutual fund. The stock is less expensive than it has been recently, and Berkshire’s board has authorized
Buy Buffet’s Brain, says Analyst Read More
Stocks moved down slightly as investors witnessed a fall in fourth quarter earnings for JPMorgan Chase and the credit rating for several European countries was downgraded. CNNMoney reports the Dow Jones Industrial Average lost 48.96 points, -0.39 percent, to close at 12,422.06. The NASDAQ fell -0.51%, and the S&P dropped
Dow Slips at Week’s End; Housing Stocks Close Mixed Read More
RVBusiness tells MHProNews.com Sun Communities, Inc. is offering four million shares of its common stock at $35.50 per share, a sale that is set to yield $142 million. As part of the underwritten registered public offering, Sun has granted the underwriters a 30-day option to purchase 600,000 additional shares. The
Sun Communities Rising to Raise $142 Million Read More
The National Association of Home Builders (NAHB) has teamed with the National Football League Players Association (NFLPPA) to help those in need through Touchdown for Homes. “NAHB’s home builder members are honored to partner with former NFL players to provide children, families and veterans with safe, comfortable housing opportunities,” said
NAHB Teams up With NFLPA Read More
Gains in global markets, and optimism about corporate reports and the Euro debt crisis helped push the Dow Jones Industrial Average up 67.44 points, +0.54 percent, to end the day at 12,460.13, according to CNNMoney. The Yahoo! Finance Manufactured Housing Composite gained +0.92 percent to close at 753.30. Tracked housing
Dow Nudges Up; Housing Stocks Mixed Read More
Every day, 480,000 school buses carry 26 million children to school and school-related activities. School Transportation News tells MHProNews.com since 2006, the manufacture of school buses has declined 37 percent. School funding is tied to property taxes. As homes are abandoned and property values fall, tax collections decline, which tightens
Another Foster Child of the Housing Market Read More
According to CoreLogic’s Home Price Index, home prices for November 2011 fell 4.3 percent compared to November 2010. For the fourth consecutive month in a row home prices declined, falling 1.4 percent October to November, 2011. Mark Fleming, CoreLogic’s chief economist, is quoted in HousingWire saying, “With one month of
Home Prices Continue Downward Read More
The National Association of Home Builders (NAHB) tells MHProNews.com that its First American Improving Markets Index (IMI) indicates the number of housing markets registering measurable improvement now numbers 76, up from 41 in December, 2011. The index measures housing permits, employment, and house prices for six months in a row
NAHB: Housing Markets Showing Marked Improvement Read More
CNBC tells MHProNews.com the Obama administration’s plan to speed-up the housing recovery process may be to sell government-owned foreclosed real estate in bulk to investors who will then rent the properties. Since banks may be reluctant to finance the purchases, the government may offer a subsidy to the investors by
Solution to Foreclosed Properties? Read More
Yahoo!News’ TrendingNow has a time-lapse video of a 30-story, 183,000 square-foot modular hotel being built in China’s Hunan Province near the Dongting Lake in 15 days. Teams from China’s The Broad Group worked around the clock, non-stop, attaching the modules to a steel structure. According to the builders, the hotel
Modular Hotel Erected in 360 Hours Read More
With President Obama’s questioned recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau (CFPB), the agency can now implement the full authority of the Dodd-Frank Act, according to BusinessWeek. Dodd-Frank resulted from lawmakers complaining that regulators did not do enough to protect borrowers, and was passed
With New Director, CFPB May Emerge Swinging—or Not Read More
Stocks notched up slightly as investors anticipate fourth-quarter corporate reports amid continuing concerns about the debt crisis in Europe. CNNMoney reports the Dow Jones Industrial Average gained 32.77 points, +0.27 percent, to close at 12,392.69. The NASDAQ moved up +0.09 percent, and the S&P gained +0.23 percent. The Yahoo! Finance
Dow Advances Cautiously; Housing Stocks Close Mixed Read More
Before the housing bubble burst, builder Howard Kipnes would buy land speculatively and then build the home upon receiving a contract. That ended with the housing bust. Newsdays tells MHProNews.com that according to the U.S. Census Bureau, permits for single-family homes on Long Island, New York, fell to 90 in
Long Island Builder Moves to Modular Read More
Market Watch tells MHProNews.com that ADP says 325,000 jobs in the private sector were added in December. According to CBIZ Payroll Services, their Small Business Employment Index (SBEI) rose 1.75 percent last month, the largest increase since 1.77 percent in December 2009. The November 2011 gain was only .35 percent.
Employment Rises in December Read More
Following up on an article we ran Nov. 21, 2011 about the May 22 tornado that wiped out one-third of Joplin, Missouri’s housing, KOAMTV tells MhproNews.com some residents are up in arms about three modular homes moving into a neighborhood of traditional homes. The neighbors are concerned the units, built
Modular Homes Prompt Concern Read More
Payrolls beat forecasts, but it wasn’t enough to lift markets Friday. Stocks closed lower to end the week January 6 with the Dow losing 55 points. The Yahoo Finance Manufactured Housing Composite Value was down 29 points or four percent. Manufactured Housing stocks ending lower Friday include Allied Management Group,
Stocks End First Week on a Low Note Read More
