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.
If ObamaCare has your attention, don’t miss out on what some publishers are now calling Dodd-Frankery or Dodd- Frankenstein (aka Dodd-Frank). The SEC is required to publish an annual whistleblowers report, the 2013 download of which is available here. The attorneys behind the website “Dodd-Frank-com” state “ Fiscal 2013 drew 3,238 […]
Dodd- Frankenstein – SEC 2013 Annual Whistleblower Report Read More
News from the Federal Reserve meeting that bond buying by the Fed may taper off even if the unemployment rate does not fall drove stocks downward in today’s trading. CNNMoney reports the Dow Jones Industrial average dropped -0.41 percent, -66.21 points, to end the day’s trading at 15,900.82. The Nasdaq
Liberty Homes Drops Precipitously: Three Major Indexes Fall Read More
60 years after ‘Airey-type’ homes were built using prefabricated concrete panels, these homes are getting a desirable make-over. The 1950s era construction were only expected to last a decade. Win Dolan, 62, lives today in a home with her husband Derek on Hebron Avenue. Dolan says she’s live here all
British PreFabs Get MakeOver after 60+ years Read More
Highlights-NAR-HBS-2013The National Association of Realtors (NAR) recently released its 2013 Profile of Home Buyers and Selelrs. Saint Louis Today tells MHProNews the American Dream of home ownership is alive and well. Sixty-six percent of buyers surveyed are married couples, the highest percentage since 2001. The percentage of single home buyers
NAR releases 2013 Profile of Home Buyers, Sellers Read More
A dispute between Columbia Drive Mobile Home Park and the town of Kennewick resulted in power being cut off to dozens of residents. The BellinghamHerald tells MHProNews that the city cut power to 24 homes, when the city alleged the 1950s electrical wiring might be a fire hazard to residents.
Parts of Kennewick’s Columbia Drive without Power Read More
Bulldozing Hoppers mobile home park in Sandusky OH has begun, the SanduskyRegister tells MHProNews. Joe Yost allegedly allowed water bills to go unpaid for years. Those bills are said to total $260,000, and were given as the reason by city officials to turn off the water last August 1 to
Bulldozing Hopper’s in Sandusky Read More
Sam Zell told the REIT (Real Estate Investment Trust) Industry in San Francisco, “Open Kimono, total transparency.” That was the key to success for REITs, said the chairman of Equity Lifestyle Properties (ELS), Equity Group Investments (EGI) and Equity Residential (EQR). Zell said that when the government passed the original
Sam Zell says, Open the Kimono Read More
With concerns that stocks are overvalued, investors stepped back as major indexes continued to knock on the door of record highs. CNNMoney reports the Dow Jones Industrial average dropped -0.06 percent, -8.99 points, to end the day’s trading at 15,967.03. The Nasdaq fell -0.44 percent, -17.52 points, to end the
Major Indexes Slide; Many Tracked Housing Stocks Follow Read More
Australia-based Ingenia will sell its three student accommodation units in Wellington, New Zealand, valued at $35.6 million and invest the receipts in more manufactured housing communities (MHCs). The company paid $10.7 million Nov. 19, 2013 for two MHCs north of Sydney, Australia in Hunter Valley with options to acquire two
Australian Firm, Ingenia, Adding to its Portfolio Read More
The Dow and the S&P hit new highs in today’s trading but were not able to remain at that level after Carl Icahn’s comments that companies are boosting profits thanks to low borrowing costs instead of strong management. CNNMoney reports the Dow Jones Industrial average fell to gain +0.09 percent,
Most Tracked Housing Stocks Fall; Major Indexes Move Little Read More
An architect in Mumbai, India, wanting to protect his father’s ancestral home from the annual rains that washed it out, turned to modular construction built up off the ground. According to deccanchronicle.com, the architect, Dipu George, deciding that conventional building would not serve his purpose, designed a two-story 1,350 square
Modular Homes in Mumbai Read More
In response to the housing crisis in Great Britain, Factory Homes in Hull, England has been working with New Charter Homes and developer Bowsall to site seven modular homes in northeast England’s Mossley, Manchester. The three bungalows and four detached homes were built in 45 days, replacing a former Homes
Modular Homes Meet Affordable Housing Needs in UK Read More
Marking the fastest quarterly growth since the current recovery began, the latest FNC Residential Price Index (RPI) rose 2.5 percent from Q2 to Q3 2013. As HousingWire informs MHProNews, FNC attributes the growth to rising home sales and a drop in foreclosure sales. Nationwide, foreclosure sales accounted for 13.4 percent
Quarterly Home Prices Rise the Most Read More
All three major indexes advance at week’s end as they approach major milestones. CNNMoney reports the Dow Jones Industrial Average gained +85.48 points, +0.54 percent, to finish the day at 15,961.70. The Nasdaq moved up +0.33 percent, +13.23 points, to end the week at 3,985.97, while the S&P gained 7.56
Nobility Homes Spikes, as the Three Major Indexes Approach Records Read More
HIVEHAUS is a modular hexagonal housing unit composed of six-sided self-contained 100 square foot modules that can be arranged in many configurations to suit the homeowner’s needs. Set on adjustable legs to allow for uneven ground, the units arrive as a flatpack and require 2-3 people to assemble. The product
Hexagonal Modular Home arrives as Flatpack Read More
Oak Creek Homes is collecting nonperishable food at their model home centers in Texas, Oklahoma and Louisiana to distribute to those in need before Thanksgiving. Called Pack Our Pantry, as an enticement to manufactured and modular home buyers, Oak Creek is offering a $500 discount on a new home up
Oak Creek Helps Feed the Hungry Read More
Due to rising balances on mortgages, student loans and auto loans, total indebtedness increased by $127 billion, 1.1 percent, over the previous quarter, according to the New York Federal Reserve. A slowdown in foreclosures—the lowest level since the end of 2005—helped offset a drop in mortgage originations, as did a
Consumer Debt Rises; Foreclosures, Delinquencies Fall Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports 64.5 percent of new and existing homes sold in the third quarter were affordable to U. S. families earning the median income of $64,400, a drop from 69.3 percent in Q2 2013. This was the largest drop
Housing Affordability Slides in Third Quarter Read More
A couple in Ripley, West Virginia have sued CMH Homes, Inc. dba Freedom Homes No. 642 in Jackson County Circuit Court for allegedly selling them and installing a defective manufactured home that they could not use as intended. While wvrecord.com does not specify the nature of the damage, MHProNews has
Couple Sues over Manufactured Home Read More
According to data collected by Zillow, homes listed for sale nationwide sold a month faster in September, 2013 than in Sept. 2012, falling from 116 days to 86 days. Covering the 30 largest metro markets, where homes sold faster this Sept. compared to last, homes that moved the fastest and
Time For Sale Homes Remain on Market Declines Read More
