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.
Speaking before the Miami Association of Realtors International Congress, National Association of Realtors (NAR) Chief Economist Lawrence Yun, referring to home sales, said, “Next year will be about the same as this year in terms of sales activity,” although prices will rise six percent, as a shortage of homes for […]
National Association of Realtors: Home Sales Flatline in 2014 Read More
Solid corporate earnings gave a boost to stocks as the Dow closed at a record high in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained +128.66 points, +10.82 percent, to close at 15,746.63. While the Nasdaq dropped -0.20 percent, -7.91 points, to end the day at 3,931.95 while
Dow Hits New High; Tracked Housing Stocks Close Mixed Read More
As follow-up to a story MHProNews posted Oct. 14, 2013 regarding a neighbor’s request for a green belt street-side screening of a manufactured home community in Preston, Minnesota, the Preston City Council questions its responsibility in the matter. City ordinance requires a 15 foot wide “green belt” around any manufactured
Green Belt around Manufactured Housing Community not Buckled Read More
According to zerohedge.com, the uptick in home prices is transitory and more due to the Federal Reserve’s support of the economy than with organic growth or stability of consumers, as the homeownership rate is stuck at an 18-year low at 65.1 percent, and rents rise to an all-time high, increasing
Rents Rise as Homeownership Falls Read More
According to YAHOO!Finance, insurance rating firm A. M. Best Co. Inc. has affirmed the financial strength rating of Cavco Industries, Inc.’s (CVCO) subsidiary Standard Casualty Company with an A- (excellent) and issuer credit rating of “a,-” noting that both ratings are stable. Best notes the company’s adequate risk-adjusted capitalization, generally
Cavco’s Subsidiary Gets Good Marks Read More
The Motley Fool seems to have added a zero to one of their reports, a very bullish one on manufactured housing. Here are the key excerpts from the report by Arturo Cuevas. “The bulls are pawing the ground at manufactured housing’s corral. Recent gains in shipments of manufactured homes indicate
Motley Fool says Manufactured Housing Primed for Bull Run Read More
Halifax, Nova Scotia, Canada-based Killam Properties reports property revenue for the third quarter ending Sept. 30, 2013 rose 9.4 percent over the same period last year, $37,095,000 over $33,894,000, while net operating income increased from $21,442,000 in Q3 2012 to $23,250,000 for the most recent quarter, a gain of 8.4
Killam Properties, Inc. Announces Q3 Financials Read More
Following the bursting of the housing bubble, lenders were requiring 20 percent down on loans or else consumers had to go with the Federal Housing Administration (FHA) for a low down-payment loan. Now some banks are offering mortgages for as little as five percent down, according to CNNMoney. The FHA’s
Banks Offering Five Percent Down Loans Read More
The wbjournal reports a Northborough, Massachusetts company that provides lending services to buyers of manufactured homes is expanding its offices beyond New England into New York, Maryland and Delaware. Chris Schofield founded Priority Funding in 2003, and after originating approximately 3,500 loans, has decided he has maximized his potential in
Manufactured Home Lender Expanding Read More
Investors stood on the sidelines and watched more than acted in today’s trading, leaving the market to flounder. CNNMoney reports the Dow Jones Industrial Average nudged down -20.9 points, -0.13 percent, to close at 15,618.22. The Nasdaq rose +0.08 percent, +3.27 points, to end the week at 3,939.86 while the
Most Tracked Housing Stocks Fall as Three Major Indexes Flounder Read More
A regular feature on Google’s search engine page, Google Doodles celebrates anniversaries, occasions and events. Today honors the birth in France on Nov. 5, 1893 of Raymond Loewy, designer of everything from automobiles to Coca-Cola vending machines to cigarette packaging to the Greyhound Scenicruiser, as well as logos for Shell,
Birthday Today: Raymond Loewy, “Father of Industrial Design” Read More
Hackles are up among residents in Zeus Park in Martin County, Florida regarding an off-site built home that has been placed in one of the county’s oldest residential neighborhood. Assistant Martin County attorney Krista Storey said the information posted inside the structure indicates it meets standards to a modular home,
State Law Outlaws Banning Manufactured Homes Read More
As MHProNews reported Nov. 1, Drew Industries, Inc. announced revenue and net income gains for Q3 2013 over last year’s numbers, and has spent $3 million to increase its internal steel stamping capacity in the first nine months of this year, according to amm.com. Chief Financial Officer (CFO) Joseph S.
Drew Industries: Shopping for Acquisitions? Read More
With legislation passed last year to allow micro apartments of 220 square feet in San Francisco as a means to address the housing shortage and accompanying rising cost of living space, 120 of the approved 375 units are now in the works. At $1,300 a month, they are designed for
San Francisco Puts the Squeeze on Housing Read More
Updating a story MHProNews last published Oct. 3 regarding Federal Emergency Management Agency (FEMA) efforts to find housing for Colorado’s September flood victims, 9news.com reports from Henderson, CO the first 16 of 50 or more manufactured homes have arrived at a parking lot behind a flea market north of Denver.
Sixteen Manufactured Homes Land in Colorado Read More
The three major indexes edged higher as investors continued the momentum from last week in pushing prices up. CNNMoney reports the Dow Jones Industrial Average nudged up 23.57 points, +0.15 percent, to close at 15,639.12. The Nasdaq rose +0.37 percent, +14.55 points, to end the week at 3,936.59 while the
Nobility Homes Spikes; Three Major Indexes Edge Up Read More
Statistics compiled by the Department of Housing and Urban Development (HUD) reveal the production of manufactured homes rose almost 25 percent in Sept. over Sept 2012—5,483 homes versus 4,393 HUD Code homes in 2012. The Manufactured Housing Association for Regulatory Reform (MHARR) further informs MHProNews total production for 2013 is
Manufactured Homes Production Up in Sept. Read More
Due to the generosity of Fairmont Homes of Nappanee, Indiana the RV/MH Hall of Fame and Museum now has a modern manufactured home to display along with all the other exhibits and historical information, according to a press release from the museum. Darryl Searer, president of the RV/MH said Fairmont
Hall of Fame Displays Complete Manufactured Home Read More
Following a story MHProNews published Oct. 24, 2013 regarding a pilot project to replace ten aging factory-built homes with new energy efficient manufactured homes in Vermont, realestaterama reports the occupants will see an immediate 70 percent reduction in their energy costs. The new dwellings feature triple pane windows, heat recovery
Project Replaces Aging Dwellings with New Manufactured Homes Read More
The yakimaherald.com in Washington reports the state department of transportation has temporarily banned manufactured homes from traveling Interstate 82 from Prosser, WA to mile marker 131 near the Oregon border. Wind gusts of up to 50 miles per hour were expected over the weekend, and the restriction is in effect
Manufactured Homes Banned from Interstate Read More
