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.
The 25-metropolitan-area RPX Composite home price increased 13.1 percent April 2012 to April 2013, and was up 2.7 percent over March 2013, as Radar Logic Inc. reported in its RPX Monthly Housing Market Report. From its low of $169.62 per square foot in Jan. 2012, the RPX Composite increased 23.7 […]
Home Values Continue Rising Read More
The Watertown Plan Commission in South Dakota has received a petition from Douglas and Teresa Engels to rezone a property currently designated R-4 Manufactured Home Residential District and C-3 Highway Commercial District to C-2 Local Commercial District. The petition will be considered by the plan commission July 18, as MHProNews
Owners Request Move out of Manufactured Home Designation Read More
Billionaire investor Warren Buffett, as part of his pledge to annually donate to five foundations, donated 17,458,431 of class B shares of Berkshire Hathaway (NYSE:BRKB), worth $2 billion, to the Bill and Melinda Gates Foundation. He donated $200 million of the same stock to the Susan Thompson Buffett Foundation, in
Warren Buffett Contributes Billions to Charity Read More
Providing mortgage rates rise in sync with underlying economic conditions, “Home sales and housing starts should continue to steadily improve even as interest rates edge higher,” according to a Wells Fargo Securities (WFS) Economics Group study. The report says 19 months of below four percent interest rates did not spur
Wells Fargo: Interest Rates Rise may Spur Home Sales Read More
U. S. stocks nudged up slightly in today’s trading as investors prepare for second quarter corporate returns. CNNMoney reports the Dow Jones Industrial Average advanced +88.85 points, +0.59 percent, to close at 15,224.69. The Nasdaq rose +0.16 percent, +5.45 points, to end the day at 3,484.83, while the S&P gained
Most Housing Stocks we Track Moved Up Read More
Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44
Drew Draws Top RV Industry Number Read More
A total of 255 metropolitan housing markets across 49 states and the District of Columbia have remained on the National Association of Home Builders/First American Improving Markets Index (IMI) for July, down from the 263 areas that ranked in June, but over three times the number listed in July 2012.
Housing Market Slips Month-over-Month, but Flourishes Year-over-Year Read More
House Republicans, led by Rep. Jeb Hensarling of Tex., Chairman of the House Financial Services Committee, are getting set to introduce mortgage finance reform legislation that will totally eliminate government sponsored enterprises (GSEs) and replace them with a private system. Knowing all the features are not likely to pass, the
Mortgage Finance Reform Tops Congressional Agenda Read More
Sustainable design is woven into the Nicholson modular housing development in Coburg, Victoria, Australia. Combining 110 privately owned units with 89 affordable rental dwellings, the offset building height of the stacked modules provides access to light and views, and maximizes winter sun and cross ventilation. The greenery in the shared
199 Unit Modular Building Breaks Up the Skyline Down Under Read More
A semi towing a manufactured home in Stevensville, Mont., south of Missoula, tipped over, closing part of the highway for several hours. The home was a total loss and the driver was transported to the hospital with non life-threatening injuries. As nbcmontana tells MHProNews, the trailer hauling the home was
Manufactured Home Demolished in Accident Read More
Adding to a story we posted July 4, 2013 from Harvard University’s annual Joint Center for Housing Studies, the report reveals 42.3 million families (37 percent of the nation’s total) pay more than 30 percent of their income for housing, including 20.6 million who pay more than 50 percent of
Plenty of Hardship in the Land of Plenty Read More
U. S. stocks responded positively to the growth in the jobs market, despite concerns the Federal Reserve may slim down its monthly stimulus, as the Dow gained nearly 150 points. CNNMoney reports the Dow Jones Industrial Average advanced +147.29 points, +0.98 percent, to close at 15,135.84. The Nasdaq rose +1.04
Three Major Indexes Rise; Tracked Housing Stocks End the Week Mixed Read More
While the unemployment rate remained at 7.6 percent, job growth in June hit 195,000, 40,000 more than economists expected and equal to the revised rate for May, 2013. While construction and manufacturing changed little, the biggest gains were in leisure and hospitality (up 75,000), professional and business services (up 53,000)
Job Growth Keeps Pace with Population Growth Read More
Citizen SAFE (Smoke Alarm and Fire Education) is a proactive program involving firefighters going door-to-door to check residential smoke alarms and batteries, and offer to do a free home safety inspection. The St. John’s Fire and Rescue Dept. conducts the inspections on the first and third Saturdays of each month
Smoke Alarms Compulsory in South Carolina Manufactured Homes Read More
Title 25 California Code of Regulations, which apply to the construction, use, maintenance and occupancy of manufactured homes will be the topic at the next North Santa Barbara County Manufactured Homeowners Team meeting. City of Santa Maria and Santa Barbara County inspectors will be the speakers for the July 22
California Manufactured Housing Code to be Presented Read More
Having recently spent $55,000 to upgrade infrastructure at the Country Squire Mobile Home Park in Harker Heights, Tex., that he acquired last fall, and another $30,000 for a new manufactured home model, Kip Lewis’ plans to rehabilitate the community are being stymied by the city council. He wants to replace
Ordinances Prevent Rehabbing of Land Lease Community Read More
According to the State of the Nation’s Housing report released by Harvard University’s Joint Center on Housing Studies, the housing recovery is well underway, but the millions of borrowers delinquent on their mortgages or underwater continue to pull at the edges of the recovery. In addition, the number of renter
Harvard Study Cites Critical Shortage of Affordable Housing Read More
Hive Modular of Minneapolis suffered mightily during the recession, but the company has been growing in Canada, enough to have three locations: Altona in Manitoba, Toronto, and one will be set to the east in Quebec. Hive started as a “night job” in 2005 by Paul Stankey and two friends,
Modular Designer begins in U. S., Flourishes in Canada Read More
According to the Commerce Department, of the 45,000 new houses sold in May, construction has not begun on 16,000, nearly 36 percent, up from 26 percent a year ago, and over two times the 14 percent rate from 2008 during the recession. Total new home sales in May rose to
New Home Construction Continues to Stimulate Economy Read More
Flood waters that displaced up to 900 people in Calgary, Alberta, Canada caused over $250 million in damages and led to the issuance of a state of emergency by Mayor Naheed Nanshi. According to Bruce Burrell, head of the Calgary Emergency Management Agency, “We’re in conversation with the province about
Modular Homes to House Displaced Canadians Read More
