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.
Wisdom Homes Of America, Inc., has a lot to be happy about. The company opened its fourth and largest retail center located in Mount Pleasant, Texas, in December with a total of 11 pending transactions. “We began receiving home purchase applications immediately after the bulk of our inventory started arriving […]
Wisdom Homes Celebrates new East Texas Retail Center with 11 pending sales Read More
The MHCV slid over 5% today. Marketwatch tells MHProNews that “cheaper gasoline, faster job creation and previously rising stock prices cheered up Americans during the holiday season. Consumer confidence rebounded in December to the third-highest level since the end of the recession more than five years ago.” So what happened?
MHCV and Dow slips – NASDAQ and S&P dips Read More
Studies show that older Americans in the 65 to 74 age group have the highest percentage of home ownership. This has provided valuable support to the American housing market in the last several years and is important for factory-built housing sellers too. If studies like the one done by Foremost
Older Americans Provide Strong Support to U.S. Housing Market Read More
Several articles published recently in Marketwatch tell a forlorn tale about the sad state of the average American’s personal and family finances. However, there may be a silver lining to the middle class dilemma that can benefit manufactured housing. According to a recent report from the Pew Research Center in
Negative Factors Affecting conventional housing could benefit Manufactured Home Market Read More
The RV/MH Heritage Foundation in Elkhart, Indiana, has informed MHProNews of the names of those who will be inducted into the RV/MH Hall of Fame in August as the Class of 2015. Foundation President Darryl Searer congratulated the honorees, saying “All of them have had or are having outstanding careers
Tyler Craddock, Executive Eirector of the Virginia Manufactured and Modular Housing Association (VAMMHA), provided a snapshot of good news accomplished via that organization’s collective efforts. In reviewing what VAMMA achieved during the past year, Craddock tells MHProNews that the most significant success was an important legislative victory that benefits home
The MH Composite Value rose today, as most producers did too. Manufactured Home Communities (MHC) were generally up, while suppliers were mixed. The Dow broke its winning streak by dropping a fraction. MarketWatch tells MHProNews that King Oil, which MH pros know can help factory home builders, is off by
Skyline Leaps, Suppliers Sleeps, Dow breaks 7 day streaks Read More
As residents of the Evergreen Village Mobile Home Park near Sycamore, Illinois, move out, a local non-profit, Fixin’ Feral Felines, is trying to save the approximately 150 feral cats who have been living on the premises. Finding homes for the cats and the displaced residents is causing some concerns. Evergreen
Manufactured Home Community closure creates concerns for Human and Feral Cat Residents Read More
The Indiana Manufactured Housing Association (IMHA) tells MHProNews that tax credits for ENERGY STAR ® rated Manufactured Homes has been extended through 2014. A few days ago, President Obama signed into law the Tax Increase Prevention Action, a.k.a. “Extender Bill,” retroactively extending the $1,000 per home tax credit for producers of ENERGY
Tax Credit Extended for Energy Star rated Manufactured Homes Read More
Who says the holidays bring a slow down in news? We’ve seen two gestures of manufactured housing Christmas kindness hit the media this week, each featuring a home being given away. Nobility Homes kicked off our week with big news about their 2014 results. The 14th Anniversary of the Manufactured
Sunday Morning Weekly Recap – Manufactured Housing News – for 12-21 to 12-27, 2014 Read More
14 years has gone by since Congress passed what is styled as, PUBLIC LAW 106–569—DEC. 27, 2000 114 STAT. 2997. Congress found that: ‘‘SEC. 602. FINDINGS AND PURPOSES. ‘‘(a) FINDINGS.—Congress finds that— ‘‘(1) manufactured housing plays a vital role in meeting the housing needs of the Nation; and ‘‘(2) manufactured
14 Years – Time to Revisit the Manufactured Housing Improvement Act of 2000? Read More
Reuters tells MHProNews that “U.S. home resales declined to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery.” Their information comes from a National Association of Realtors (NAR) report revealing that “existing home sales dropped 6.1 percent to
U.S. Home Resales Hit Six-Month Low, Implications for MH? Read More
The MHCV closed down slightly in today’s trading, however, most tracked MH Communities, Builders and Suppliers stocks rose. MarketWatch tells MHProNews that the last week of the year is often a weak one for the markets. Falling unemployment and fuel prices raised holiday sales, which sent the general markets up
Most Manufactured Housing Stocks rise and broader markets inch up after Christmas Read More
Elated over their success in slipping a change on Dodd-Frank rules concerning derivatives into a last-minute budget bill before Congress adjourned, Republicans feel that this may be the start of something bigger. Manufactured housing professionals, hoping to successfully modify Dodd-Frank, are watching these developments with keen interest. Representative Kevin Yoder
A few days ago, a homeless woman in the Chicago area, came to believe that there really is a Santa Claus. Jeff Fannon, says WGN TV, is the CEO of Chicago-based Zeman Homes. But in fact the company confirmed that he is the COO of the operation. Dee Pizer is the
In and out of manufactured housing, there seems to be some lack of understanding about who can legally broker or transact a mortgage. A recent case in Georgia illustrates this situation and its risks. Georgia’s Department of Banking and Finance has finalized a cease-and-desist order against Community Legal Center LLC,
GA Operation slapped, Licensing Is Required for Everyone Who Negotiates Mortgages Read More
Is the wrapping paper off the presents that are no longer under the tree? If you’re an MH pro looking for holiday business reading, then grab your favorite drink and check out some of these options. In the Industry Voices guest blog you’ll find… > Wow! > How to advance the manufactured
Looking for Holiday Manufactured Housing Industry Focused Reading? Read More
As the fortunes of the oil and gas industry go, so too go the hopes and revenues of many in the manufactured home industry. As most factory-built home professionals know, an added impetus has been provided by the demand for manufactured homes (MH) and workforce housing for those who work
Analysts on Future of U.S. Energy Industry and Impact on MH Read More
With the major U.S. stock markets closed for Christmas, our routine manufactured housing connected stock recap will resume tomorrow, Friday evening. The Daily Business News team at MHProNews wish you and all manufactured and modular home professionals and enthusiasts the warmth and wonder of this holiday season. There are two
Merry Christmas to you and yours from MHProNews Read More
Regulations concerning the condition of manufactured home communities vary from state to state and county to county. According to he Boise Public Radio, some areas do not offer many safeguards to renters of pre-HUD Code mobile homes or older manufactured homes. “Across the Northwest, some families will spend Christmas in
Do renters of Mobile and Manufactured Homes have enough consumer safeguards? Read More
