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.
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey reports mortgage apps fell 2.7 percent on a seasonally adjusted basis for the week ending Aug. 8, 2014. The index fell three percent on an unadjusted basis, according to worldpropertychannel.com. The Refinance Index fell four percent from the previous week, while …
The three major indexes moved little in both directions to end the week as the ongoing crisis in Ukraine and the dog days of August muffle investors’ trading. The Dow Jones Industrial Average slid -50.67 points, -0.30 percent, to close at 16,662.91, as CNNMoney informs MHProNews. The Nasdaq, the only …
Third Avenue Sole Gainer of Tracked Stocks; Only Major Index Nasdaq Gained Read More
According to walsalladvertiser.co.uk, Great Britain’s Housing Minster, Brandon Lewis MP visited the site of the first two modular, affordable homes of a planned series of 40 being constructed in Walsall, a town with 269,000 in the metro area just northwest of Birmingham. Designed and manufactured at the Accord Group’s LoCal …
England Experiences One Day Modular Home Construction Read More
A recent Gallup Poll reports that people are grim about the state of the economy, with an economic confidence of -17, which is the difference between those saying it is getting better and those who say it’s getting worse. Although it has improved substantially since the -39 reading in Nov. …
Economic Numbers Sizzle; Consumer Confidence Fizzles Read More
Representing the lowest share of cash home sales since May 2010, 34.4 percent of total home sales in May 2014 were with cash, a drop from April’s 36.9 percent of all cash, according to housingwire.com. CoreLogic’s report says, “The share has fallen on a year-over-year basis each month since January …
Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. of Elkhart County, Indiana is sponsoring an Out of the Darkness Walk Oct. 4, 2014 to help raise awareness of suicide and depression, and provide assistance to those who have lost a loved one to suicide. The son of a …
The Manufactured Housing Institute’s (MHI’s) legislative report for August 12, 2014 says legislation in the California Senate Appropriations Committee would allow loans to be made from the Mobile Home Park Rehabilitation and Purchase Fund to a non-profit entity to purchase a manufactured home community as long as 30 percent or …
State Loans to Acquire an MHC must Insure Health, Safety and Affordability Read More
Continuing to show no fear in the face of global turmoil and tensions, all three major indexes advanced steadily but modestly in today’s trading, as CNNMoney tells MHProNews. The Dow Jones Industrial Average moved up +61.28 points, +0.37 percent, to close at 16,713.58. The Nasdaq advanced +0.43 percent, +18.87 points, …
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), housing affordability nationwide slipped in the second quarter 2014 for families earning the the U. S. median income of $63,900. 62.6 percent of new and existing homes sold in Q2 were affordable, a slip from 65.5 …
Housing Affordability Slips in Second Quarter, 2014 Read More
Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (TSE:KMP) announced on Aug. 13 shareholders of record as of Aug. 29, 2014 will be paid a dividend per share of $0.05, according to watchlistnews.com. While analysts at CIBC cut their target price back from $13.00 to $12.00 Aug. 8, they now have …
The Texas Association of Realtors reports not only did Texas see a rising inventory of homes for sale, but home sales in Q2 of 2014 increased 46.67 percent over the first quarter to 81,272 across the state. The median home price rose 5.87 percent from Q2 2013 to $187,300 for …
Following a story MHProNews last posted Aug. 7, 2014 regarding the sentencing of Marina McCuen for her role in a scheme that defrauded the government of millions of dollars by selling manufactured and modular homes to consumers whose credit information was altered, a second defendant, Roger Dean Bailey, Jr. was …
Second Defendant Sentenced in HUD Code/Mod Home Sales Scheme Read More
The Federal Reserve’s Vice-chairman, Stanley Fischer, says although the economy has added over 200,000 jobs monthly and the unemployment rate is lowering, the labor force participation rate has remained at 62.9 percent, which may indicate dejected workers who have stopped looking for work. This, combined with the soft U. S. …
Fed Vice-chair Concerned Slow Economic Growth is Global Read More
According to brookline.wickedlocal.com, the modular classrooms at the Lawrence School should be completed by May or June of next year, in time for the 2015 school year, and will cost $3.11 million, as MHProNews has learned. The original idea was to bring in the modular units and add design elements …
Investors continue to ignore global tensions in Iraq, Ukraine and the Middle East, and the Ebola outbreak in western Africa as the Dow Jones Industrial Average gained +91.26 points, +0.55 percent, to close at 16,651.80. The Nasdaq moved up +1.02 percent, +44.88 points, to end at 4,434.15, while the S&P …
Deer Valley Corp. Regains Yesterday’s Losses; Dow, Nasdaq, S&P Advance Read More
Updating a story that MHProNews last posted Aug. 1, 2014 concerning resident allegations that management of Blackhawk Estates manufactured home community (MHC) in Des Plaines, Illinois was removing property belonging to the residents and levying fines for children playing in the street, a second meeting to discuss concerns is set …
According to rgj.com in Nevada, the Yerington City Council approved development of the Pony Express Village manufactured home community (MHC) with 23 homesites. MHProNews understands the project was first unveiled in October 2009 but was shelved because of the state of the economy. The city stipulates that no homes can …
Following a story MHProNews posted July 29, 2014 regarding the opening of Southern Energy Homes’ (SEHomes) new 176,000 square foot facility in Russellville, Alabama, the new plant was dedicated Aug. 8 and attended by AL Gov. Robert Bentley, along with Rep. Johnny Mack Morrow, Sen. Roger Bedford and U. S. …
Southern Energy Homes Dedicates New Plant in Alabama Read More
The Federal Housing Finance Agency (FHFA) wants to use the best elements of both government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to develop a single common security that “will improve liquidity in the housing finance markets,” according to FHFA Director Mel Watt. Currently, Freddie MBS (mortgage-backed securities) trade at …
Single Security Structure to Replace Fannie and Feddie Read More
With more than 25,000 homes sold in 2013, for the second consecutive year Clayton Homes of Maryville, Tennessee has earned the title of America’s Largest Homebuilder, according to ourmidland.com. This honor is based on the total number of site-built homes in 2013 as reported by Builder Magazine, and the number …
