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.
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 […]
City Approves New Manufactured Home Community Read More
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
Clayton Tops Largest Homebuilder List Read More
The least expensive mortgage in the country during July was in Rhode Island where borrowers paid just 3.4 percent, 0.35 percent below the national average. The highest rate in the nation was 4.1 percent in Nebraska, as CNNMoney informs MHProNews. Over the 30 years of the loan that 0.7 percent
Best Mortgage Rates available where Jobs are Scarcest Read More
The National Association of Realtors (NAR) informs MHProNews median existing single-family home prices increased in 71 percent of measured markets, with 122 of 173 metropolitan statistical areas (MSAs) based on closings in the second quarter as compared with Q2 of 2013. Forty-seven markets (27 percent) recorded lower median prices from
Single-family Home Prices Rise for Existing Homes Read More
The three major indexes were flat in today’s trading, perhaps reflecting the dog days of August or concerns about global issues. The Dow Jones Industrial Average edged down -9.44 points, -0.06 percent, to close at 16,560.54, as CNNMoney tells MHProNews. The Nasdaq slipped the most of the three major indexes,
Deer Valley Plummets; Dow, Nasdaq, S&P Lose Modestly Read More
According to crazyjoys.com, stock analyst Zacks downgraded the shares of Universal Forest Products, Inc. (NASDAQ:UFPI) from neutral to underperform rating. Although it closed Aug. 11 at $47.52, their analysts have a $42.00 price target on the stock. Return on assets (ROA) is 5.10 percent, return on investment (ROI) is 6.40
UFPI Stock Downgraded Read More
One third of the Glasgow Court land lease community in New Castle County, Delaware will close as of July, 2015, displacing residents of 167 homes, to make way for an apartment building, according to delawareonline.com. Kelli DiSabatino, chief operating officer of community owner GCE LLC, noting that part of the
Troubled Section of Land Lease Community to Close Read More
The Manufactured Housing Institute’s Chairman Nathan Smith has been urging industry members to contact their U. S. Representatives in support of H. R. 1779 via the MHI’s new advocacy page, requiring just a few clicks to send a letter. Smith says both houses of Congress are in recess and the
U. S. Representatives in Home Districts; Contact them to Support 1779 Read More
The Mortgage Bankers Association (MBA) reports residential mortgage delinquencies have fallen to six percent, according to their National Delinquency Survey, the lowest level since Q4 of 2007, and the fifth consecutive quarter of decline. Mike Fratantoni, MBA’s Chief Economist, informs MHProNews.com that strong job growth and continued increases in home
Delinquent Residential Mortgages on the Decline Read More
D & R Village manufactured home community (MHC) in Halfmoon, New York has partnered with CAPTAIN Youth and Family Services to provide a free, nutritious lunch to children of the community ages one to 18 every weekday at noon. Consisting of a sandwich, a vegetable, a piece of fresh fruit
UMH Sponsors Lunch Program for Children in MHC Read More
Investors seemingly continue to ignore global tensions as the Dow Jones Industrial Average edged up +16.05 points, +0.10 percent, to close at 16,569.98, as CNNMoney informs MHProNews. The Nasdaq gained the most of the three major indexes, moving up +0.70 percent, +30.43 points, to end the first day of the
UFPI tops Tracked Stocks, Skyline Falls; Dow, Nasdaq, S&P 500 Edge up Read More
MHProNews has been informed Federal Housing Administration (FHA) Commissioner Carol Galante will be leaving her position at the end of the year to become an affordable housing professor at the University of California, Berkeley. With the agency for five years, the last two as commissioner, while the FHA has helped
Carol Galante leaving FHA Head Post Read More
Following a story MHProNews last posted May 19, 2014 regarding a seven-story modular apartment building that opened in the far northern reaches of Manhattan in New York called The Stack, the Modular Building Institute honored it as the August 2014 Modular Building of the Month. Designed by Gluck+, and developed
Modular Construction Continues Growing in New York City Read More
With the introduction of FICO Score 9, medical collections will have less prominence in affecting the FICO score as credit worthiness for potential homebuyers, expected to increase by 25 points consumers’ median FICO scores, according to what housingwire.com tells MHProNews. Applauded by the National Association of Realtors (NAR) because it
FICO: Update Broadens Credit Access. VantageScore: Been There, Done That. Read More
Connie Jefferies of Damascus, Arkansas has won the seventh annual energy efficiency manufactured home (MH) makeover contest sponsored by the Electric Cooperatives of AR, according to thv11.com. Bret Curry, manager of residential energy marketing for the cooperative, says 15 percent of the state’s housing stock is manufactured homes, and some
Manufactured Home Resident wins Energy Efficiency Makeover Read More
The First American Leading Markets Index (LMI) of the National Association of Home Builders (NAHB) indicates 56 of the approximately 350 metro areas in the U. S. have exceeded or returned to normal levels of economic and housing activity, seven more than one year ago. According to the LMI, the
Metro Areas Show Modest Economic Gains Read More
The Village of Shiloh (southwestern Illinois) Board of Trustees has approved an agreement to authorize Village Administrator John Marquart to carry out the statutory requirements of the Abandoned Mobile Home Act, and assist the Valley View Estates manufactured home community in disposing of abandoned pre HUD Code homes, according to
Statute Eases Removal of Abandoned Manufactured Homes Read More
Despite global turmoil, the Dow Jones Industrial Average and the S&P 500 regained some lost ground as each gained over one percent to mark the end of a volatile week on the Big Board. The Dow Jones Industrial Average gained +185.66 points, +1.13 percent, to end the week at 16,4553.03,
Cavco Rises above other Tracked Stocks; Dow, Nasdaq and S&P 500 End Week Up Read More
