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.
For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a …
Housing Market Index Posts Largest Gain in over Ten Years Read More
The North East Community Action Agency (NECAC) in Hannibal, MO has joined the Next Step Network which gives them the opportunity to buy modular homes from Clayton Homes at 10-15 percent below market price. The goal is to provide low cost housing for people of modest means. Carla Potts, NECAC’s …
Affordable Modular Homes Available; Applicants’ Credit Lacking Read More
Even though investors are edgy about the possibility the Federal Reserve will announce Wednesday that it will begin to wind down its quantitative easing, the markets managed to advance for the day, with the Dow picking up over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +0.73 percent, …
Universal Forest Products, Inc. Spikes; Three Major Indexes Gain Read More
As of April 2013, home building employment totaled 2.1 million people, up nearly 100,000 in the last year, according to the labor department. Home building contributed 20 percent to the growth of the Gross Domestic Product (GDP) in the last six quarters. Residential Fixed Investment (RFI), the home building component …
Delaware’s First State Manufactured Housing Association has announced the two winners of its annual $1,500 Manufactured Housing Scholarship Award for 2013. Both graduates of Sussex Technical High School, Bradley Collins graduated in 2011 and is in his third year at the University of Delaware, studying finance. As MHProNews has learned …
First State Manufactured Housing Association Awards Scholarships Read More
MHProNews has learned from nationalmortgagenews that multinational banking and financial services company Barclays is predicting a 9.7 percent rise in U. S. home prices for 2013. According to the research report, the strong data for the first quarter, which exceeded expectations, indicates in 2014 house prices will rise another 7.2 …
Barclays: Home Prices will Rise Nearly Ten percent Read More
According to what hibbingmn tells MHProNews, Minnesota State Representative Jason Metsa has been recognized by the Manufactured & Modular Home Association of Minnesota (MMHA) with its 2013 Friend of Affordable Housing Award for his efforts during this year’s legislative session. MMHA President Mark Brunner said, “Rep. Metsa was particularly effective …
Affordable Housing Award goes to Minnesota State Legislator Read More
Manufactured housing professionals have long known that an image building campaign would benefit the industry in many ways. So it’s no surprise that First State Manufactured Housing Association’s Jennifer Allen, Tim Williams from the Ohio Manufactured Homes Association and a number of other industry executives and professionals have expressed encouragement …
Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to nasdaq.com. Cavco will issue common stock to Third Avenue in consideration as per their original 2009 agreement in forming …
With concerns growing over when the Federal Reserve Bank will slow its quantitative easing and the subsequent effect on the economy, of 39 economists and investment advisors surveyed, nearly two-thirds do not think it will begin before Dec. 2013, and some not till 2014. As MHProNews has learned from CNNMoney, …
Federal Reserve may Taper Stimulus Program this Year Read More
Mixed economic reports and concern over when the Fed may taper the quantitative easing that is pumping $85 billion into the economy troubled the stock market today. CNNMoney reports the Dow Jones Industrial Average fell -0.70 percent, -105.90 points, to end the week at 15,070.18. The Nasdaq dropped -0.63 percent, …
Three Major Indexes Tumble; Tracked Housing Stocks Close Mixed Read More
According to nationalmortggenews a report by the Dallas Federal Reserve Bank says home prices in Texas have recovered to seven percent above the pre-recession highpoint in 2007. One of just ten states to have reached that milestone, Texas is second only to North Dakota in the amount that today’s prices …
MHProNews has learned from charlotteobserver the North Carolina state senate has approved a tax reform plan on second reading with the third and final reading—and likely approval– set for Tue., June 18. The Republican-dominated senate bill includes a tax hike for factory-built homes. Under the new measure the sales tax …
After housing inventory hit low levels not seen in nearly ten years, HousingWire tells MHProNews national inventories rose by 5.82 percent in May over April, much better than last year’s increase for the same two months of 1.77 percent. In addition, the median list price rose 2.10 percent April to …
MHProNews has learned from the seguingazette in Seguin, TX the planning and zoning commission denied a special use request by Cavco Industries, Inc. for the temporary storage of flatbed trailers used to transport modular homes. According to Keith Alexander of Cavco the trailers were used to transport modular barracks to …
From Michigan, WXYZ.com informs MHProNews residents at Woodhaven Place manufactured home community having trouble navigating the roads in their community after a rain because of a drainage problem. While community managers say the city of Woodhaven, located just south of Detroit, are responsible, the city manager for Woodhaven visited the …
As realestaterama informs MHProNews, 13 million people over 50 contend with unaffordable and/or inadequate housing. The AARP (American Association of Retired Persons) Foundation is investing $2.5 million in three different strategies that provide housing for the over 50 crowd who have limited means. One of the recipients is ROC (Resident …
American Association of Retired Persons Funds Manufactured Housing Read More
Strong auto sales and reports of fewer jobless claims led investors to push all three indexes in gaining over one percent in today’s session. CNNMoney reports the Dow Jones Industrial Average gained +1.21 percent, +180.85 points, to close at 15,176.08. The Nasdaq moved up +1.32 percent, +44.94 points, to end …
Deer Valley, LPX, Cavco, AMG Have Energetic Trading Session Read More
According to the president of the Federal Home Land Bank (FHLB) of New York, Alfred DelliBovi says the need for affordable housing is becoming critical, especially as the availability of federal funds for housing decreases. As MHProNews has learned from nationalmortgagenews, each of the banks’ 11 districts has an Affordable …
Affordable Housing Shortage is Critical; Dodd-Frank is “Deadening” Read More
As follow-up to a May 28 MHProNews post regarding a class-action suit filed against the Delaware Manufactured Housing Relocation Authority (DEMHRA) for allegedly collecting a $3 monthly fee for each home illegally, Deputy Attorney General Edward Black says the authority did approve the collecting. Brought by three manufactured housing community …
Delaware Responds to Class-Action Lawsuit regarding Fees Read More
