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.
While stocks surged earlier in the day sending the Dow to a new high, the three major indexes finished in the red as lackluster earnings from some companies brought down the larger market. CNNMoney reports the Dow Jones Industrial Average fell -152.90 points, -0.97 percent, to close at 15,593.98 The […]
Tracked Housing Stocks Mostly Decline; Three Major Indexes Fall Read More
While many buyers of manufactured homes (MH) are more concerned with affordability and, say, the kitchen cabinetry than energy efficiency, the MH industry is offering more energy efficient features that can save the homeowner anywhere from $30 to $70 month. Ronnie Richards, vice president of marketing for American Homestar Corporation,
Energy Report on “Not Your Grandfather’s Trailer House” Read More
Dublin, Ireland-based Research and Markets, provider of worldwide market research and data, reports the Global Green Building Material market will grow 17.9 percent 2012-2016, especially as more governments become increasingly involved in promoting energy efficiency. MHProNews has learned it is estimated buildings now account for 40 percent of global energy
Universal Forest Products Makes List of Green Vendors Read More
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), says, “The modular business has been pretty good in Iowa. In the second quarter, which is the latest for which we have numbers, we were fourth in sales among 34 states surveyed in growth over the first half of
Modular Homes Rising in Iowa Read More
MHProNews has learned during a public hearing of the Jourdanton City Council just south of San Antonio, Texas, four requests were made regarding placement of manufactured homes (MH). One was a special use permit to site a manufactured home in a neighborhood zoned for single-family residences. The second and third
Texas City Council Approves Permits for Manufactured Homes Read More
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
