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.
Investors focused again on corporate financials as U.S. Stocks closed mixed, while a falling Apple stock pulled down the Nasdaq. CNNMoney reports the Dow Jones Industrial Average gained +0.33%, +46 points, to end the day at 13,825.33. The Nasdaq fell -0.74%, -23.29, to close at 3,130.38, while the S&P gained […]
Patrick, Drew Advance; Major Indexes Change Little Read More
The Globe and Mail from Toronto informs MHProNews Jason Halter and Michael de Jong have created a two-story modular house from 70% recycled materials. Using shipping container steel frames clad in cedar, the homes start around $115 a square foot. While this energy efficient house can be had with Italian
Modular Made from Recycled Materials Read More
The National Association of Home Builders (NAHB) says the demand for housingfor those 55 and older will increase through 2020 as the boomers age. Says the NAHB’s Paul Emrath, “We expect to see an increased demand for 55+ housing as more baby boomers turn 55 and seek homes and communities
Senior Housing Needs on the Rise Read More
Insidermonkey reports while the stock of some of the nation’s largest traditional home builders rose tremendously in 2012, investors should pay attention to manufactured home companies. Specifically, while noting the MH industry is at a distinct disadvantage because of the government’s support of the mortgage purchase programs, nevertheless Clayton Homes’
MH Business a Good Investment Read More
The AlvinSun reports the Alvin,Texas City Council heard representatives from 23 manufactured home communities request extensions of the five-year manufactured home ordinance variance that ended Dec. 31, 2012, with requirements they have not yet met. Because of not meeting the five year ordinance deadline to begin with, most of the
City Council to MHCs: Comply or Close Read More
Corporate earnings and tech stocks helped push all three major indexes into the plus column again today as the Dow and S&P set new five-year highs. CNNMoney reports the Dow Jones Industrial Average gained +0.49%, 67.12 points, to end the day at 13,779.33. The Nasdaq moved up +0.33%, +10.49, to
Dow, S&P set 5-year Highs; Skyline, Patrick Fall Read More
Following up on a story MHProNews published Nov. 19, 2012 concerning the city of Fort Collins, Colo. and its responsibility to help MH residents displaced by development, the city has drafted a report to preserve affordable housing, and addresses the role of the city and property owners in assisting low
City Addressing Displaced MH Residents Read More
Adding onto an MHProNews story from Jan. 21 about the Consumer Financial Protection Bureau’s (CFPB) new mortgage servicing rules, the Texas Manufactured Housing Association (TMHA) offers a detailed summary from the American Banker’s Association (ABA). CFPB director Richard Cordray says, “We will exercise our supervision and enforcement authority to make
Details on New Mortgage Servicing Read More
The Observer reports NYC’s Bloomberg Administration’s My Micro NY competition to create a miniature housing model for the city was won by Monandock Development in collaboration with the Actors Fund for Housing Development and modular home builder Capsys, which is based in the Brooklyn Navy Yard. Although it is illegal
The Big Apple Bites into Mini Modulars Read More
CNNMoney reports according to the National Association of Realtors (NAR) sales of previously owned homes in 2012 recorded their best year since 2007, nine percent over 2011, to 4.65 million homes sold. As MHProNews has learned, Dec. year-over-year sales were up 12.8 percent. NAR says low interest rates, falling unemployment,
2012 Home Sales Best since Downturn Read More
Positive corporate earnings reports inspired investors as the Dow and the S&P rose to their highest levels since Dec. 2007. CNNMoney reports the Dow Jones Industrial Average gained +0.46%, 62.43 points, to end the day at 13,712.13. The Nasdaq moved up +0.27%, +8.47, to close at 3,143.18, while the S&P
Skyline Spikes, Patrick Sputters, Dow and S&P Hit 5-year High Read More
The magnoliareporter informs MHProNews from Arkansas the Magnolia Planning Commission placed a temporary moratorium on the siting of manufactured housing in the town, following a survey in which approximately two-thirds of the respondents favor more regulation of manufactured homes. One third of those surveyed say the government has no business
Planners may Tighten Siting of MH Read More
The Star-Telegram reports from Fort Worth, Texas Stramit USA utilizes wheat straw to make modular man camps for the burgeoning oil boom towns. By treating and compressing the wheat fiber, boards are made for construction and insulation. Tim Evans of Stramit compares it to fiberglass and foam. “Wheat straw and
A New Meaning for ‘Straw House’ Read More
A source at the Louisville Manufactured Housing Show has told MHProNews that: “There is a real hunger out there for business building seminars and information.” Along with 39 new models—including community series homes—and 80 exhibitors, the networking, dealmaking, and education have all blended together to create an unbeatable event to
A Little ‘Oh, no’ drama, but the Show is a Go Read More
SFGate reports modular builder Greenfab of Seattle will have two fully-constructed modular homes on display at the National Association of Home Builders’ (NAHB) International Builder’s Show (IBS) in Las Vegas Jan. 22-24. The builder of the first modular LEED Platinum home in the state of Washington last year, Greenfab is
Modular at International Builder’s Show Read More
The U.S. stock markets are closed today in honor of Dr. Martin Luther King’s birthday. The New York Stock Exchange will reopen tomorrow at 9 AM for a regular day of trading. (Image credit: Wikipedia)
U.S. Stock Markets Closed Today Read More
CNNMoney informs MHProNews that first-time jobless claims fell to 335,000 for the week ending Jan. 12, falling to a near five-year low, and 37,000 less than the previous week, according to the Labor Dept. While economists had expected a reading of 370,000, they say it is a good sign but
First-time Jobless Claims Near Five-year Low Read More
According to nationalmortgagenews, a final rule from the Consumer Financial Protection Bureau (CFPB) asserts mortgage applicants must be provided with all appraisal and and other home-value estimates by the lender before closing. Says CFPB director Richard Cordray, “This rule will guarantee consumers can receive important information on how a lender
CFPB: Appraisal Transparency in Lending Read More
Although they did not win the competition sponsored by Alltech of Nicholasville, Kent., to create jobs in eastern Kent., students from the University of Louisville proposed mixed-income, single-family modular homes selling for $110,000 each that would create 122 jobs. Utilizing design work created by a partnership with the University of
Kent. Students Design Modular Homes Read More
As the nationalmortgagenews tells MHProNews, while the much-awaited Consumer Financial Protection Bureau’s (CFPB) Qualified Mortgage rule issued Jan. 10 covers rules to determine borrowers’ ability to repay loans and lenders’ protection from liability, it fails to address a required minimum downpayment. Regulators had originally proposed a 20% minimum, but need
Minimum Downpayment not Specified by CFPB Read More
