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.
According to nationalmortgagenews, a survey of economists by Bloomberg reports Federal Reserve Chairman Ben Bernanke is expected to reduce the quantitative easing that has been used to bolster the economy from $85 billion monthly to $50 billion by year’s end. That would be followed by a second cut to $30 […]
Federal Reserve’s Bond-Buying May End by Next Year Read More
Optimism on Wall Street rose as first time jobless claims fell and the European Central Bank cut its interest rate, driving the S&P 500 to a new record high as the Dow and Nasdaq also registered gains. CNNMoney reports the Dow Jones Industrial Average moved up +130.63 points, +0.89 percent,
Tracked Housing Stocks, Housing Composite Rise; S&P Hits New High Read More
WFTV9 reports from east Orange County, Fla. 49 homes were evacuated from the Alafaya Palms manufactured home community after an unidentified powder substance was found in a shed belonging to a man who had recently died. A relative cleaning out the property discovered the containers and alerted authorities who then
Unknown Chemicals Found in MHC Read More
MHProNews has learned the National Association of Home Builders (NAHB) Chairman Rick Judson, a home builder in Charlotte, NC, has issued a statement on the nomination of Rep. Mel Watt (D-NC) to head the Federal Housing Finance Agency (FHFA). “We applaud the nomination of Representative Watt to this important position.
NAHB Comments on FHFA Appointment Read More
Regional sales manager for Greenstar Building Systems Randy Duggan writes in the Daily Journal of Commerce from Seattle that the Northwest is beginning to accept modular construction as a viable alternative to site-built. Noting the press has covered commercial modular projects as well as nonprofits exploring low-cost modular housing, he
Modular Gaining in the Northwest Read More
TheNation reports the Stwo Group of Thailand will open a factory in Rangsit, Thailand in five months to manufacture modular homes and buildings following a 30 percent growth in residential development. Prerapat Srisakulpinyo, CEO of Stwo, says, “We expect to sell about 100 Aidol MYH-branded houses and buildings constructed under
Thailand Firm Building Modular Homes Read More
DelawareNewszap reports state Sen. Bruce Ennis has sponsored a rent justification bill, SB 33, for manufactured home communities that will mandate MHC owners seek approval from the Delaware Manufactured Home Relocation Authority if they try to raise rents beyond the Consumer Price Index (CPI) annual increase. The authority will allow
Rent Justification Bill in Delaware Legislature again Read More
BusinessWire states Warren Buffett’s Berkshire Hathaway, Inc. has acquired the 20 percent of International Metalworking Companies (IMC) B.V. of Tefen, Israel that it does not already own for $2.05 billion. IMC manufactures and distributes a wide range of metalworking tools for numerous applications through its facilities and subsidiaries in 61
Berkshire Hathaway Acquires Balance of International Metalworking Companies Read More
For the past three years it has been a case of “Sell in May and Go Away” in the stock market, and that is how the first of May has begun, with all three indexes down on the day nearly one percent, and manufacturing and retail activity slowing. CNNMoney reports
May Day begins with Three Indexes, Most Tracked Housing Stocks Down Read More
The “Father” of the used manufacturing housing business and author of the book “Deals on Wheels,” Lonnie A. Scruggs passed away April 15 in Chesapeake, VA at age 83. Mobile Home University says he was the first best-selling author of a book about how to make money from buying, selling,
Passages—Lonnie A. Scruggs Read More
MHProNews has been informed by a special report the RV/MH Hall of Fame Museum’s “Burn the Bank Note” fundraiser succeeded in raising the final $20,000 with only hours to spare to meet the April 30 deadline, thereby satisfying the Ingram family’s $50,000 challenge grant. Darryl Searer, president of the Hall
Last Minute Donations Tip the Scale Read More
Following up on a story we posted April 16 regarding the acquisition by RHP Properties of 71 manufactured housing communities for $865 million, and a post April 30 about a subsequent acquisition of Countryside Village MHC in Jacksonville, Fla., for $31 million, MHProNews has learned from a correction in bizjournals
Jacksonville Community part of Larger Deal Read More
CNNMoney informs MHProNews the S&P Case-Shiller index of home prices in 20 major markets rose 9.3 percent in Feb. over the last 12 months, an increase from January’s 8.1 percent rise, and the biggest gain in home prices since May 2006. Over a five-year period through May 2012, the index
S&P Home Price Index keeps Climbing Read More
In an interview in Forbes, Nicolas P. Retsinas, former Federal Housing Commissioner and Director Emeritus of Harvard University’s Joint Center for Housing Studies, says the housing recovery is being spurred by new household formation, which in turn has been sparked by the improving job market, and abnormally low interest rates.
Housing Expert: Modify the Mortgage Interest Deduction Read More
The Dow recovered from an early drop in the morning, eventually moving up 100 points from that low as the S&P reached an all-time high and the Nasdaq remained at its highest point in over 12 years. CNNMoney reports the Dow Jones Industrial Average gained +21.05 points, +0.14 percent, to
S&P Reaches All-time High; Skyline Leads Housing Stocks we Track Read More
A program in Arkansas through Entergy, which supplies energy to over 687,000 people in 62 counties, is offering a free program to help reduce energy costs in manufactured homes. David Lewis of Entergy says they will install aerators on faucets that reduces the flow of water, shower heads that use
Free Energy Savings for Ark. Manufactured Housing Residents Read More
In a video on the nationalrealestatepost, hosts Frank Garay and Brian Stevens, in noting the importance of manufactured housing to 22 million Americans, stress the need for Congress to enact HR 1779, the Preserving Access to Manufactured Housing Act. One commentator says manufactured housing is superior to conventional housing because
Real Estate Video Touts Manufactured Housing Read More
After having raised $100 million from Citi, Morgan Stanley, Prudential Financial, Inc., the John D. and Catherine t. MacArthur Foundation and the Ford Foundation, the new Housing Partnership Equity Trust (HPET) is collaborating with 12 nonprofit housing providers to invest in affordable rental housing. The goal is to provide low-cost
Nonprofits Unite to Preserve Affordable Housing Read More
MHProNews has learned from HousingWire the National Association of Realtors (NAR) says its pending home sales index (PHSI) rose 1.5 percent to 105.7 in March after sliding 0.4 percent in Feb., but the index is seven percent above the 98.8 reading in March 2012. The index is based on 2001
Pending Homes Sales Index Improves Read More
BizJournals reports RHP Properties of Farmington Hills, Mich. has acquired Countryside Village manufactured housing community in Jacksonville, Fla. for $31.3 million from Denver-based ARC Managements Services LLC. The acquisition includes vacant land along Beach Boulevard. According to Duval County records, the property contains 114 structures on 106 acres. Two independent
RHP Acquires Countryside Village in Jacksonville Read More
