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.
U. S. stocks responded to hopes that Cyprus will resolve its banking problem, as the three major indexes all inched upwards to end the week. CNNMoney reports the Dow Jones Industrial Average gained +0.63 percent, +90.54 points, to close at 14,512.03. The Nasdaq moved up 0.70 percent, 22.40 points, to […]
Sun Rises Nicely; Three Major Indexes Nudge Up Read More
Very much in line with what we have been hearing, CNNMoney tells MHProNews the National Association of Realtors reports the sale of existing homes reached a seasonally-adjusted annual rate (SAAR) of 4.98 million in February, ten percent above February 2012 but only slightly better than January 2013. It was the
Feb. Marks Best Home Sales since 2009 Read More
According to nationalmortgagenews, home sales in Florida are up over ten percent in Feb. compared to Feb. 2012, marking the 14th consecutive month of increasing year-over-year sales. Pending sales are up 27 percent for the same time period, and the median sales price of $150,000 has risen 13 percent from
Home Sales Rising in Sunshine State Read More
The santamariatimes tells us the Northern Santa Barbara County Manufactured Homeowners Team (NSBCMHT), which promotes the welfare of MHC residents, is linked to the legislative action arm of the Golden State Manufactured-Home Owners League (GSMOL). This year’s legislative agenda includes AB1205, a measure that would provide mediation services to resolve
Legislative Agenda of Manufactured Home Owners Read More
The Massachusetts Manufactured Housing Association (MMHA) informs MHProNews a series of legislative amendments to the 2008 General Laws concerning manufactured housing is now before the Mass. Senate. In replacing particular sections of current laws, it defines the make-up of the manufactured housing commission, outlines the establishment of a Manufactured Housing
Senate Amendments Proposed that Govern Land Lease Communities Read More
BuilderOnLine tells MHProNews that at the International Builders Show in Las Vegas in Jan., Champion Enterprises’ Director of Marketing, Kevin Flaherty, was surprised at the standing-room-only turnout for his presentation on modular housing. As the housing recovery continues to take hold, and the construction industry is trying to regroup some
Hard Hats May be Hard to Find Read More
The Texas Manufactured Housing Association (TMHA) reports of the 5,677 bills filed during the state’s 2013 Legislative Session, TMHA is following 175 of them. Included are House Bill (HB) 3361 and Senate Bill (SB) 214 which would continue the Texas Dept. of Housing and Community Affairs (TDHCA–the agency that oversees
Legislative Initiatives that Affect Manufactured and Modular Housing Read More
The weight of lagging tech stocks, especially a tepid sales report from Oracle for the third quarter, pulled down all three indexes in today’s trading session. Additionally, the ongoing financial crisis in Cyprus fed into investors’ caution as well. CNNMoney reports the Dow Jones Industrial Average lost -0.62 percent, -90.24
Skyline Rises, Three Major Indexes Slip Read More
From the dead center of Washington state, wenatcheeworld informs MHProNews the sale of houses priced at $250,000 or below sparked a 40 percent increase of home sales over the first two months of 2012, typically one of the slower periods of the year. “Put an entry-level home on the market
Manufactured Home Sales Double in Small Market Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for March marks the second consecutive month in which every state is represented on the improving markets list by at least one metropolitan market. The IMI gauges increases in employment, housing permits, and housing prices for six consecutive
15 More Housing Markets on the Upswing Read More
According to bizjournals, the North Carolina House of Representatives passed an ordinance which prevents local government from enacting zoning ordinances that dictates the appearance, layout, design, number of rooms, materials, type of windows or doors for single-family and duplex dwellings. It may regulate the height and bulk of a building
Measure Excludes Manufactured and Modular Housing Read More
HousingWire informs MHProNews Freddie Mac says this spring homebuying season will be the best since 2007, with home sales increasing 8-10% and housing starts rising to 950,000 units, compared to 2012’s 780,000 starts. Frank Nothaft, chief economist and vice president of Freddie Mac says, “It will be the gradually declining
New Home Sales Best in Six Years Read More
The nytimes informs MHProNews the turnaround in the housing industry has led to such a shortage of existing homes for sale that would-be buyers in some areas are reluctant to list their homes for fear it will sell before they can find a replacement. Others are waiting to see how
Fallout from the Improving Housing Market Read More
As part of a special relationship with Wayne County’s Habitat for Humanity, students in Johnson College’s Carpentry and Cabinetmaking Technology Program in Scranton, Penn. will once again construct a modular home that will then be donated to a needy family identified by Habitat. As the pikecountycourier tells MHProNews, the annual
Students Continue Producing Modular Homes Read More
The Federal Reserve reiterated its plan to continue buying $85 billion in Treasuries and mortgage-backed securities monthly until the job market improves, moving the three indexes into positive territory on hump day. CNNMoney reports the Dow Jones Industrial Average gained +0.39 percent, +55.91 points, to close at 14,511.73. The Nasdaq
Manufactured Housing Composite Hits 1600; Most Tracked Stocks Gain Read More
MySuncoast reports from Venice, Fla. a magistrate in Sarasota County determined property taxes on some of the 19,000 manufactured homes in the county were improperly increased between 22 percent and 90 percent because the property appraiser’s office did not abide by Florida statutes. Although the companies that own the communities
County Assessor Makes Multimillion Dollar Error Read More
The Manufactured Housing Institute (MHI) is in the process of updating their bylaws, which was last done circa 2007, and led to controversy over proposed changes. The issue revolves in part around state association executives who seek to have a strong voice in MHI’s legislative and other agendas. MHI CEO
According to baltimoresun, while new home construction is on the rise in Harford County, MD just northeast of Baltimore, it is well below the 1,800 to 2,000 residential permits issued in the early 2000’s. In 2012 the county issued 450 residential building permits for modular homes, townhomes, apartments and condos,
Modular Homes Rising near Baltimore Read More
DailyMarkets reports that Patrick Industries, Inc. (NASDAQ:PATK) of Elkhart, Ind., a component supplier to the manufactured housing and recreational industries, has appointed Michael A. Kitson to its board of directors. Kitson is the CEO of Nautic Global Group, a producer of recreational boats, and previously served as CFO of Nautic.
Patrick Selects Kitson for Board of Directors Read More
The goldstreamgazette tells MHProNews the residents of Lombardy MHC in Langford, British Columbia, Canada near Vancouver have been living under the threat of their community being sold the past two years. The senior residents who comprise the 20 home community are protected somewhat by a policy passed by the city
Small Community on the Block Read More
