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.
Concerns about the Eurozone continue to trouble U. S. stocks, driving caution into the minds of investors, as the three main indexes moved little in either direction. CNNMoney reports the Dow Jones Industrial Average nudged up +0.05 percent, +7.22 points, to end the day at 13,986.52. The Nasdaq lost -0.10 …
Housing Composite Gains 4.59%; Tracked Housing Stocks Mostly Fall Read More
In describing the housing market as in “pre-covery” instead of “recovery”, the only factor that has really changed in the housing market is falling inventory, according to Jonathan Miller, writing on the millersamuelblog. He says falling inventory is the result of sellers becoming buyers (or renters), but with 40 percent …
Falling Inventory (and not much else) is Driving Prices Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) reports the number of improving housing markets grew in Feb. to 259, up from 242 markets in Jan., and now includes all 50 states and the District of Columbia. The IMI measures changes in housing permits, employment, and …
Despite pleas from a homeowner’s association representative that no more MH be allowed in the Hillcrest subdivision in Abita Springs, Louisiana, nola reports the St. Tammany Parish Zoning Commission approved a request to site a manufactured home in the subdivision. The home would be situated among other factory-built homes that …
MHProNews has learned from nationalmortgagenews Idaho Republican Senator Michael Crapo, who is becoming the ranking member of the Senate Banking Committee, enumerates his top priorities in his new position as revising portions of the Dodd-Frank Act; paring down GSEs role in the mortgage industry and moving to a private sector …
Speaking at a University of Montana economics seminar in Billings, Montana, economists noted Billings has the most robust growth of any urban area in Montana, and has nearly equaled its growth rate of 2007. As MHProNews has reported on several occasions, most recently Dec. 7, 2012, Billings is home to …
CNNMoney tells MHProNews investors are dashing to buy assets in every aspect of the housing supply chain—builders, undeveloped land, foreclosed homes, and building suppliers. Paulson and Co. has bought enough land in three western states to build up to 25,000 homes and is looking for more. Blackstone Group (BX) shelled …
Investors Looking to Cash in on Housing Market Rebirth Read More
According to atl.gmnews, some 17 manufactured homes are being prepared for occupancy at Pine Tree Mobile Home Park in Eatonton, New Jersey for people who still do not have a place to call home as the result of Hurricane Sandy. The rents will be from $750 to $850 with the …
Tech stocks drove the rally on Wall Street today as news spread of the $24.4 billion leveraged buyout of Dell computer, sending the Dow to just under the 14,000 mark. CNNMoney reports the Dow Jones Industrial Average advanced +0.71 percent, +99.22 points, to end the day at 13,979.30. The Nasdaq …
From north of the border CBC News reports single room factory-built trailers once used by the De Beers diamond company for housing mine workers and donated to Attawapiskat First Nation in 2009 for temporary shelter have become permanent housing for some. Others have fallen into such disrepair as to be …
HousingWire reports that non-profit NeighborWorks America and Wells Fargo have provided $27 million in down payment assistance grants to help 1,624 moderate-income buyers purchase a home. Initially begun in Los Angeles and Atlanta in 2012, the program has provided $15,000 to $30,000 down payment grants to those who meet the …
Following a story we last published May 8, 2012 in which state-run Citizens Property Insurance in Florida stated it would no longer insure carports and porches, legislation has been filed in both chambers that would require them to do just that. In a bill backed by the Federation of Manufactured …
Legislation would Demand Insurer Offers Full Coverage Read More
The Manufactured Housing Institute’s (MHI) monthly economic report says 3,513 new manufactured homes were shipped in Dec. 2012, down 8.5 percent from Dec. 2011 shipments of 3,838 homes. MHProNews understand year-to-date shipments for 2012 stand at 54,891, an increase of 6.4 percent over the 51,606 homes shipped in 2011. (Photo …
On the heels of reaching a near-record high last week, the weight of Eurozone politics held sway, sending the Dow down over one hundred points. CNNMoney reports the Dow Jones Industrial Average fell -0.93 percent, -129.71 points, to end the day at 13,880.08. The Nasdaq dropped -1.51 percent, -47.93, to …
All Three Indexes Fall; Cavco and Patrick Take a Tumble Read More
Seacoastonline reports from Saddle River, New Jersey that the image of factory-built homes is notching up, as investors and high-end home shoppers see the benefits of an energy-efficient modular home with all the amenities and strength of a site-built home, customized to order via a 3D monitor and working with …
As MHProNews understands, more home show events are including factory-built housing in their lineup of vendors. The latest is the WNY Home and Garden Exposition at the Hamburg Fairground Events Center Feb. 7-10 in western New York, just south of Buffalo. Twin Lakes Homes of Yorkshire, NY will display a …
The salemnews reports from Peabody, Mass. the bunkhouse used by migrant workers who pick apples at a city-owned orchard is in such bad shape from normal wear and tear over the years the city may replace it with modular housing. Some of the same Jamaican fruit pickers have been coming …
According to Whiteville, the city of Whiteville in south central North Carolina has received a Community Development Block Grant (CDBG) of $525,000 under the new catalyst program, which requires strict non-discrimination procedures, and the city government must make every effort to include public input on how the funds are spent. …
The Olympian reports Puget Sound Energy (PSE) is offering free energy upgrades to residents of manufactured homes who have electric forced-air for their primary heat source in Thurston County, Wash., the Olympia area. With up to a $500 value per home, and four out of five manufactured homes with leaking …
Several Washington insiders have been invited to speak at the Manufactured Housing Institute’s (MHI) Legislative Conference and Winter Meeting Feb, 24-26 in Arlington, VA. The lineup includes Byron York, chief political reporter for the Washington Examiner and syndicated columnist; chief economist and vice-president of Freddie Mac Frank Nothaft, a noted …
