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.
Investors are closely watching Drew Industries, Inc. (NYSE:DW), the Elkhart, Indiana-based component supplier to the manufactured housing industry, according to wallstreetscope.com. Through its subsidiary, Lippert Components, it has recently acquired several complementary firms as MHProNews reported Aug 18, 2014. The company price-to-sale ratio is 1.01 and it has an insider […]
Drew is Drawing Lookers Read More
Another addition to the “instant house movement” that MHProNews has documented April 24, 2014 and Jan. 27, 2014, among others, is 3D printer construction technology called Contour Crafting which produces concrete buildings using a giant robotic printer in one day, and is capable of constructing round and straight formations. Developer
3D Printer Pours out Concrete to Form Modular House Read More
Speaking at a luncheon at the Bipartisan Policy Center’s Housing Summit in Washington, D. C., former Housing and Urban Development (HUD) Secretary Henry Cisneros said the current affordable housing assistance programs only have funding for one out of four applicants. According to housingwire.com, he said: “In addition, we aren’t focusing
Henry Cisneros: Current Affordable Housing Programs miss 75 Percent Read More
Manufactured housing producer Nobility Homes, Inc. (NOBH) of Ocala, Florida, announcing its sales and earnings results for the third quarter 2014 ending Aug. 2, reports sales for the quarter rose 12 percent to $5,346, 639 over the $4,758,456 for the same period of 2013, according to nasdaq.com. Net income after
Nobility Homes Reports Sales, Income Rise in Q3 2014 Read More
Experts at the American Mortgage Conference say the combination of lenders apprehensive about making mistakes on loan apps and the qualified mortgage rule, and the need for low-cost financing to meet the changing demographics of minority and women home buyers whose income is not apt to rise, are two major
Apprehensive Lenders, Changing Homebuyer Demographics Create Challenges Read More
The Manufactured Housing Institute (MHI) has announced the election of their new officers, which took place during their annual meeting at Scottsdale, AZ 9-15-2014. The executive committee officers are; Nathan Smith (SSK Communities), Chairman. Tim Williams (21st Mortgage), Vice Chairman. Howard Walker (ELS), Treasurer. Kevin Clayton (Clayton Homes), Secretary.
Manufactured Housing Institute announces Executive Committee election results Read More
Another school district is considering adding modular classrooms to keep up with enrollment growth at the elementary level, according to wickedlocal.com. The Natick (Massachusetts) School Committee is considering how planned housing in the city will bring more students into the school system. The district may not be able to wait
Modular Classrooms will Accommodate Additional Students Read More
While investors are awaiting news from the Federal Reserve’s two-day meeting, Tech stocks took a bath in trading as the Nasdaq fell over one percent, while the Dow and the S&P 500 moved very little. The Dow Jones Industrial Average added +43.63 points, + 0.26 percent, to close at 17,031.41,
Deer Valley Spikes, Skyline Falls, MH Composite slips third Straight Day Read More
Following a story MHProNews first published Sept. 1, 2014 regarding a modular workforce housing complex to be built in McComb, Mississippi for oilfield workers fracking on the Tuscaloosa Marine Shale (TMS) in southwest MS and central Louisiana, the 536-bed lodge by CMS Consultants, LLC of Metairie, LA will be constructed
Tuscaloosa Marine Shale Braces for expected Oilfield Worker Onslaught Read More
Modular home builder IQ Technologies, Inc. Canada has entered into a joint venture with EnerDynamic Hybrid Technologies Corp. (TSX-V:EHT) of Ontario, Canada to include EHT’s solar and wind energy systems in their homes, according to newswire.ca. IQ provides and installs sustainable modular homes globally that can be installed in one
IQ Tech Mod Builder Partners with EnerDynamic Hybrid Tech. Read More
Following a story MHProNews last posted Oct. 23, 2013, the Shoreline Trailer Court in Branford, Connecticut may lose its license to operate if a new management company is not brought on board by Oct. 1, according to nhregister.com. A proposal submitted by community management Renaissance Collaborative last fall did not
MHC ordered to Hire New Management Read More
An association from the United Arab Emirates (UAE) is supplying 50 Palestinian families in the southern Gaza town of Khan Yunis with modular homes to replace those destroyed in the fighting between Hamas and Israel. Imad al-Haddad, the head of the association, said each home has two bedrooms, a bathroom
Modular Homes will House Gazans Read More
Regulators have been encouraging mortgage lenders to relax credit, saying that will fuel the tepid housing market, while others say lowering FICO scores to include more low-income borrowers will lead to more defaults. “We simply don’t have enough qualified homebuyers even with mortgage rates getting as low as 3.25%,” says
Relaxed Credit: Kickstart Housing or Overheat the Housing Market? Read More
According to the index compiled by The Conference Board, consumer sentiment has risen this month to 84.6, two points above the end of August and five points above the mid-August reading of 79.2. However, the gain is in the expectations component, not the current conditions aspect, which actually fell to
Consumer Sentiment Rises Read More
Stocks pulled back in trading the last day of the week, with all three major indexes drifting lower. The Dow Jones Industrial Average dropped -0.36 percent, -61.49 points, to end the week at 16,987.51, while the Nasdaq fell -0.53 percent, -24.21 points, to close at 4,567.60. The S&P 500 lost
All Tracked Stocks except AMG Fall or Remain even; MF Composite,Dow, Nasdaq and S&P Fall Read More
The Federal Housing Administration (FHA) wants to reach out to borrowers with credit scores of 640-680 because lenders have pulled back from that borrower class over the last ten years, according to Frank Vetrano, of FHA’s risk management and regulatory affairs division, noting the housing downturn took many of these
FHA Reaching Back to Borrowers with Lower Credit Scores Read More
Case-Shiller’s improved house price index (HPI) now offers a monthly read on the housing market instead of a quarterly overview, according to housingwire.com. Paul Diggle of Capital Economics says, “The new index suggests that prices ‘only’ fell by 26% during the crash, relative to 34% on the previous quarterly index.
New Index: Housing Crash not so bad; Recovery not so Good Read More
Skyline Corporation received a going concern qualification from its independent registered public accounting firm, which was included in the Corporation’s Annual Report on Form 10-K, included with its consolidated financial statements for its fiscal year ending May 31, 2014, according to yahoofinance.com. The independent audit was filed with the Securities
Audit Gives Skyline a Going Concern Qualification Read More
Data from the Mortgage Bankers Association (MBA) reveals mortgage applications to buy a new home fell nine percent in August, according to nationalmortgagenews.com. New single-family home sales fell 2.1 percent from the July rate of 433,000 units, on a seasonally adjusted annual rate (SAAR), to 424,000 in August, while the
New Home Mortgage Applications Fall in August Read More
Despite the terrorist group ISIS’ vicious reshaping of boundaries in the Middle East, Wall Street does not feel the pinch because oil prices have not been affected. Crude oil is $15 a barrel lower than last year at this time. However, stocks were fairly flat in trading today, as the
Liberty Homes Skyrockets, MH Composite, Dow Slip; Nasdaq, S&P Nudge up Read More
