News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
CNNMoney said “Thank You, Janet Yellen“ after the Federal Reserve’s president announced interest rates will not rise following the Fed’s two day meeting, causing the three major indexes to surge. The Dow Jones Industrial Average shot up +227.11, +1.27 percent to end over 18k at 18,076.19. The NASDAQ gained 45.39 […]
Dow Surges, most Tracked Stocks Gain, MHCV Slips Read More
MHProNews has learned from insurancejournal that Citizens Property Insurance Corp. in Florida is now accepting alternative valuation methods from owners of manufactured homes to ensure they are properly covered. Manufactured home owners are encouraged to speak with their insurance agents to discuss possible improvements and upgrades to their homes as
Insurer Offers Alternative Valuation on Manufactured Homes Read More
Edward DeMarco, former Federal Housing Finance Agency (FHFA) chief, says Congress’ failure to pass government-sponsored enterprise (GSE) reform and the current mortgage finance system promotes housing debt instead of home ownership. As nationalmortgagenews tells MHProNews, DeMarco says the Obama administration is trying to boost credit availability, a move that echoes
Former FHFA Head DeMarco Slams Congress and Obama Administration Read More
The Crawford County Commission in Girard, Kansas voted down for a second time the attempt by Liberty Baptist Church to bring in a factory-built structure to be used as a church. The proposal has passed the Planning and Zoning Commission two times, but nearby landowners have convinced the commission to
County Commissioners Deny request for Modular Church Read More
The citizen-times tells MHProNews elected officials are considering lifting the ban on manufactured homes throughout Buncombe County, North Carolina, which includes Asheville. They are allowed in outlying areas where the topography does not always lend itself to siting them. Resident pushback over fears of poor aesthetics and inferior quality have
North Carolina County may Relax Ban on Manufactured Homes in Urban Areas Read More
The Commerce Department reports housing starts fell 17 percent in Feb. to their lowest level since Jan., 2014, to a seasonally adjusted annual rate (SAAR) of 897,000, although the future bodes well as permits for housing construction increased by three percent in Feb. “A weak first quarter is now a
Harsh Weather in February Hampers Housing Starts Read More
The Manufactured Housing Composite Value (MHCV) slipped -0.30 percent following gains yesterday to close at 616.8 in today’s trading. Stocks we cover related to the manufactured housing industry closed mixed or even with mostly minor changes, although Cavco fell the most, -3.48 percent. Patrick Industries moved up the most, +1.85
MHCV Slips, Tracked Stocks move Little; Dow Falls 128 points Read More
This graph received by MHProNews from Rob Ripperda of the Texas Manufactured Housing Association (TMHA) depicts sales of new and used manufactured homes in Texas for 2013 thru 2014. Numbers may change slightly for December as we are just past the 75-day time reporting deadline. Texas leads all other states
Texas Leads the Way in Manufactured Home Sales Read More
MHProNews has learned from multihousingnews that Largo Group of Cos. has arranged a $33 million financing package for six manufactured home communities (MHC). Four of the communities account for $16.65 million of the total, and are comprised of 565 homesites. They are: An eighty-acre development in Raleigh, North Carolina comprised
Largo Secures Financing for Manufactured Home Communities Read More
Developers of a modular laminated wood and cork home tell MHProNews it can be set right on the beach and withstand hurricane winds up to 180 MPH. Mario Espeneira and Owen Healy of the Dutch company, Cubicco, say the house costs $116,000 and meets Miami-Dade County standards for high velocity
Modular Home will withstand 180 MPH Beachfront Winds Read More
MHProNews has learned from prnewswire that the board of directors of Drew Industries, of Elkhart, Indiana, has declared a special dividend of $2.00 per share of common stock. The dividend is payable April 10, 2015 to shareholders of record as of March 27, 2015. Drew is a supplier of components
Drew Board Authorizes Special Dividend for Shareholders Read More
For its first quarter ending Jan. 31, 2015, Nobility Homes reports sales increased 35 percent to $5,576,800 over $4,137,438 for the same quarter of 2014. Gross profit was $1,172,769 for Q1 2015 versus $745,530 for the same period 2014. First quarter income from operations for 2015 equaled $424,820 as compared
Sales, Income Increase Marks Nobility Homes First Quarter 2015 Read More
The Manufactured Housing Composite Value (MHCV) moved up nicely in today’s trading, advancing +1.10 percent to end at 618.7, comparable to the Big Board’s day. While Wall Street waits for word from the Federal Reserve’s meeting Tuesday and Wednesday to see if interest rates will start to rise again, according
MHVC Advances; Most tracked Manufactured Housing Stocks Fall Read More
The National Association of Home Builders (NAHB) informs MHProNews that builder confidence for for newly-built, single-family homes dropped two points in March on the NAHB/Wells Fargo Housing Market Index (MHI), hitting the lowest point in eight months. NAHB Chief Economist David Crowe and Chairman Tom Woods, noting the index remains
Builders of Stick-Built Homes Indicate Slight Confidence Drop Read More
In another of a series about the quality of life and inexpensive living in a manufactured home in Florida, Scott Burns of dallasnews tells MHProNews that among the Tuscan-style villas along the Gulf Coast are resident-owned manufactured home communities. He notes a 5 acre community, Cortez Park, with 79 homes,
Budget-Conscious Couple Live part-time in Manufactured Home Community Read More
Modular homebuilder Shorten Homes was on the front lines of the housing market when it imploded, selling nearly 200 homes in 2007, dropping to just over 20 homes the following year. When many other businesses went belly up, thetimes-tribune tells MHProNews, Shorten turned loose of 75 percent of its sales
Tightening Belt Saved Modular Homebuilder from Closing Read More
Manufactured Home Sliding off Foundation; State Inspector Notes Dangers MHARR Objects to DOE Energy Standards for Manufactured Housing Dow Slides Again, MHCV Slips, Skyline Advances RVIA Honors RVIC/IMHA Director Mark Bowersox UMH Properties Reports Sustained Growth for Q4 2014 Modular Hotel for Brooklyn being Built in Poland Indicators of New
Sunday Morning Recap–March 9 to March 13 Read More
After the manufactured home of Mary and Dick Deweese was sited on a homesite at the Worthington Arms Manufactured Home Community in Lewis Center, Ohio, it began sliding towards a creek that ran beside it, according to what 10tv tells MHProNews. Dick Deweese said he has to put tape around
Manufactured Home Sliding off Foundation; State Inspector Notes Dangers Read More
The Department of Energy (DOE) Request for Information (RFI) dealing with the DOE’s development of manufactured housing energy standards and subsequent Solar Heat Gain Coefficient for MH has elicited a strong response from the Manufactured Housing Association for Regulatory Reform (MHARR). MHProNews has learned MHARR has objected to the DOE
MHARR Objects to DOE Energy Standards for Manufactured Housing Read More
Oil fell to $45 a barrel, according to what CNNMoney tells MHProNews, sending the Big Board on a see-saw trajectory of highs and lows for the week, as the Dow Jones Industrial Average fell 145.91 points, -0.82 percent, to 17,749.31. The NASDAQ dropped 21.53 points, -0.44 percent to end the
Dow Slides Again, MHCV Slips, Skyline Advances Read More
