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.
Unusually severe weather combined with a shortage of available lots and labor led homebuilder confidence to fall ten points to 46, as determined by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The survey gauges current sales conditions, sales expectations in the coming six months, and […]
Homebuilder Confidence Drops in January Read More
Mortgage applications continued to fall compared to the previous week, falling 4.1% for the week ending Feb. 15, as the refinance share of mortgage dropped slightly to 61 percent of all apps. As the purchase index slipped 6% from one week earlier, the refinance index dropped three percent from the
Mortgage Rates Rise Slightly as Mortgage Apps Drop Read More
While a tepid jobs report greeted the new year, leading to a slow start for the housing market, mortgage rates actually fell from early January to early February in the U. S., resulting in opportunities for refinance activity, according to worldpropertychannel.com. Noting that job and income growth are necessary for
Housing Market Stymied by Rising Home Prices, Poor Jobs Report Read More
According to newly-released figures from the Census Bureau and the U. S. Department of Housing and Urban Development (HUD), housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, reports the National Association of Home Builders (NAHB). Of these, single-family housing starts accounted for
Housing Starts Fell in January Read More
The three major indexes all ended in red ink in today’s trading after minutes from the January Federal Reserve meeting indicated tapering of the monthly stimulus will continue, and news that housing starts in January were less than anticipated. CNNMoney reports the Dow Jones Industrial Average fell -89.84 points, -0.56
Patrick Edges Up, UFPI Drops, Housing News Dings Three Major Indexes Read More
Real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) will release its earnings report Thurs., Feb. 20. With a 52-week high of $57.78 and a low of $39.53, the stock has a 50-day moving average of $44.99, a market cap of $1,729 billion and price-to-earnings ratio of 171.93. The stock’s
Sun Communities to Release Financials Read More
According to ycharts.com, on average about one million new households are created each year, but since the recession that has dropped to 500,000, spurring trulia.com to say there are “2.4 million” missing households. In his 2011 Berkshire Hathaway shareholders letter, Warren Buffett says, “People may postpone hitching up during uncertain
Technology-based internet marketing services company SearchCore, Inc. of Lake Forest, California announces plans to open its second Wisdom Homes of America, Inc. manufactured home retail center, according to globenewswire.com. As MHProNews.com reported Feb. 4, 2014, Wisdom was set to open its first retail center in Rhome, Texas. The newest operation
Wisdom Homes Opening Second Retail Center Read More
The YMCA of London (England) South West is behind the Y:Cube project that will offer modular housing for singles and couples in need of affordable accommodations in Winbledon, according to what yourlocalguardain.co.uk tells MHProNews.com. Richard Blakeway, deputy mayor of London, says, “Y:Cube is a fantastic example of innovative housing projects
YMCA Supports Modular Housing Read More
Pat Withrow, a candidate for sheriff of San Joaquin County, just east of San Francisco, says modular housing for inmates would ease overcrowding at the main jail, and could be built quicker than traditional construction. As centralvalleybusinesstimes.com informs MHProNews.com, Withrow says the county has the highest recidivism rate of all
Sheriff Candidate wants Modular Jail Read More
The Nasdaq continued its eighth day advancing, closing at its highest level since Jan. 2000, while the Dow Jones Industrial Average slipped and the S&P moved up slightly. CNNMoney reports the Dow Jones Industrial Average nudged down -23.99 points, -0.15 percent, to end the day at 16,130.40. The Nasdaq added
Nobility Homes Spikes; Nasdaq Gains for Eighth Straight Day Read More
Following a story MHProNews.com last posted Jan. 20, 2014, the board of directors of Killam Properties, Inc. (TSX:KMP) once again announces it has declared a dividend of $0.05 per common share, to be paid on March 17, 2014 to shareholders of record Feb. 28, 2014. As wsj.com reports, Killam continues
Killam Announces Monthly Dividend Read More
Following a story MHProNews.com posted earlier today, Feb. 18, about a boil water order for Ripley’s Manufactured Home Community in Muscatine, Iowa, muscatinejournal.com reports that the boil order remains in effect through today until the water can be tested for bacteria. The well malfunction has since been repaired, although several
Boil Order in Manufactured Home Community Remains Read More
The mayor and city council of Midvale, Utah, just south of Salt Lake City, sent a letter to ICO Multifamily Holdings LLC, owner of Applewood Park manufactured housing community (MHC), asking that Applewood not be closed to make way for an apartment complex. Most of the residents of the 56
Residents Fear Manufactured Housing Community Will close Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) tells MHProNews.com legislation in the House of Delegates, SB363, supported by VAMMHA, will streamline the titling process of manufactured homes and allow for the re-titling of homes severed from real property. If the measure passes through the subcommittee of the House Transportation
Legislation could Affect Titling of Manufactured Homes Read More
About 320 residents of Ripley’s Manufactured Home Community (MHC) in Muscatine, Iowa are under a boil order issued Feb. 17 due to a well malfunction in the community. While the well has been repaired, as muscatinejournal.com informs MHProNews, staff at the community are waiting for results of water testing before
Boil Order Issued for Manufactured Home Community Read More
Stock markets are closed today in honor of President’s Day.## (Photo credit: Wikipedia–New York Stock Exchange)
U. S. Stock Markets Closed Today Read More
A collaboration between Strachan Group Architects (SGA) and the Unitec School of Architecture in Auckland, New Zealand on behalf of non-profit VisionWest Community Trust is set to build affordable and sustainable housing in Henderson, Auckland. The government’s Social Reform Housing Bill is pushing for private funding of building these modular,
New Zealand Plans for Modular Affordable Housing Read More
According to a Mortgage Bankers Association (MBA) survey of mortgage companies owned by homebuilders, sales of new homes rose 35 percent in January following two months of tepid sales. The survey estimates builders sold 38,000 new homes in January, indicating strong demand in some parts of the country, and bodes
New Home Sales Rise in January Read More
The Texas Manufactured Housing Association (TMHA) reports revised figures for October indicate new manufactured home sales were 913 units, marking the fifth highest monthly total on the year. While the new sales percentage change from Sept. was -7.84 percent, change from same month last year was up +2.62 percent, and
Texas Stats for Manufactured Home Sales Read More
