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.
CNNMoney informs MHProNews Federal Reserve Governor Sarah Bloom Raskin says now that the housing market is improving, middle class families who have not been able to take advantage of the low interest rates may now have that opportunity. Speaking at the Levy Economics Institute’s Minsky Conference, Raskin said, “As house […]
Housing Recovery should help Middle Class Read More
Although the stock market suffered its worst week of the year with all three indexes having lost over two percent, they did manage to end the day on a positive note, as the Nasdaq gained over one percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.07 percent, +10.37
Cavco, Skyline Gain; Major Indexes Down on the Week Read More
As the population growth in rural communities is challenging the parameters set by the U. S Dept. of Agriculture’s rural housing programs, Senators Tim Johnson (D-SD) and Pat Roberts (R-KS) have proposed a bill to raise the population cap from 25,000 to 35,000 so homeownership continues to be available for
Homeownership Lending to be Maintained in Rural Areas Read More
Individuals and companies were honored for outstanding achievement in the manufactured and modular housing industry at the 2013 National Congress and Expo awards luncheon held in Las Vegas April 17, 2013. Those recognized for their contributions are as follows: LAND-LEASE COMMUNITY OF THE YEAR (Northeast/Mid-Atlantic)—Calverton Meadows, Calverton NY (South) –
National Industry Leaders Honored at 2013 Congress and Expo Read More
According to ADVFN, Drew Industries, Inc. (NYSE:DW) will release its 2013 first quarter earnings report Fri. May 3, 2013 before the market opens, followed by a conference call at 11 AM EST that morning to discuss the results. While participation in the question and answer segment of the webcast will
Drew to Release Financials Read More
CNNMoney tells MHProNews some industry experts forecast the housing recovery may not last. While home prices have risen eight percent, investors are driving the surge, taking advantage of low interest rates and depressed home prices. When rates and home prices rise, the recovery may stall, especially as investors receive a
Housing Recovery? Perhaps Not Read More
MHProNews has learned from WWLP-22 in Northampton, Mass. one man was killed and two others were injured when one of two modular units shifted while the workmen were connecting the two modules, pinning two of the men. Alfred Cabiya died at the scene, but one of the other men had
One Man Dies when Modular Unit Shifts Read More
Wired tells MHProNews the Dutch city of Nijmegen is collaborating with over 20 architects to provide a range of 29 modular flat pack affordable homes for first-time homebuyers. Targeted to those with annual incomes of $40,000 to $60,000, the stylish designs are far better than the block homes that were
Modular Affordable Homes for the Dutch Read More
Stocks slid for a second consecutive day on tepid news from the technology and financial sectors, which some are terming an “overdue sell-off,” as all three major indexes nudged downward. CNNMoney reports the Dow Jones Industrial Average fell -0.56 percent, -81.45 points, to end the day at 14,537.14. The Nasdaq
UFPI Registers Significant Gain; Three Major Indexes Fall Read More
Following up on a story MHProNews posted April 17 concerning residential rental property in the Iowa legislature that would provide a tax break for manufactured housing communities, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) says the House rewrote SF 295 that the Senate had passed and returned it
Iowa Legislature Weighs MHC Tax Reform Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) survey reports builder confidence dropped two points to a composite score of 42 in March as concerns over rising material costs, tight credit, shortages of skilled labor and available lots nag at the market for newly built, single-family
Builders’ Confidence Wanes Read More
According to nationalmortgagenews, bankers were relieved when the Consumer Financial Protection Bureau (CFPB) released its qualified mortgage rule (QM) in January, which gives the lender protection if a borrower defaults. But now some bank executives are hesitant to make loans outside the QM rule, and worry they could be rapped
Are Loans Unsafe Outside QM? Read More
According to BusinessWire, Universal Forest Products, Inc. (UFPI), in noting the best first quarter profits since 2006, reports net sales of $554.5 million for the first quarter of 2013, up 21.3 percent over the same period 2012. Net earnings of $5.2 million for Q1 represent an increase of 25.7 percent
UFPI reports best 1st Quarter Profits in Seven Years Read More
A series of poor corporate earnings led to a broad sell-off by investors, as the Dow fell by over 100 points and the other two major indexes dropped as well. CNNMoney reports the Dow Jones Industrial Average fell -138.19 points -0.94 percent, to end the day at 14,618.59. The Nasdaq
Stock Sell-Off Drops Most Tracked Housing Stocks, Three Major Indexes Read More
Architectural Record notifies MHProNews on May 9 the magazine in conjunction with the Architectural League of New York will host a panel discussion about the most recent developments in the design of modular multi-unit housing. Set for 7:00 PM at the McGraw Hill Auditorium, 1221 Avenue of the Americas in
Symposium on Modular Housing Set for New York City Read More
Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) informs MHProNews the Iowa Senate has passed SF 295, a property tax credit system comparable to how the homestead credit system works. Commercial tax payers have to make a one-time application. The fund begins at $50 million, and increases each year
Iowa Legislature Considering Property Tax Amendment Read More
SevenDaysVermont tells MHProNews two small Vermont schools will be competing against 18 mostly larger schools in the U. S. Dept. of Energy’s biennial Solar Decathlon to be held in October at Irvine, Calif. While this will be Norwich University’s first trip to the competition, Middlebury College placed fourth in its
Modular Homes from Vermont Schools in Solar Decathlon Read More
PrairieBizMag reports from Grand Forks, ND, not long after a Blue Ribbon Commission on Housing determined the city has a housing shortage, especially affordable housing, plans for new developments have been announced and a home-buyers assistance program has been created for the city. The commission determined the housing shortage was
Modular Homes to Meet Affordable Housing Needs Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews that the House Urban Affairs Committee of the Texas Legislature voted in support of HB 2954. Administered by the Manufactured Housing Division of the Texas Dept. of Housing & Community Affairs, the measure would establish a down payment assistance program for manufactured
Bill would Offer Down Payment Assistance for MH Buyers Read More
MarketWatch informs MHProNews manufactured and modular home builder Deer Valley Corp.’s wholly-owned subsidiary, Deer Valley Financial, Inc., (DVF) has entered an agreement to provide CIS Home Loans with a $2.5 million line of credit to increase its portfolio of retail mortgages for buyers of manufactured and modular homes. This will
Loans more Available for Factory-built Home Buyers Read More
