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.
HousingWire reports median single-family home prices rose in 120 out of 149 metro areas, up significantly from the 39 metros that recorded price increases a year earlier, according to the National Association of Realtors (NAR). Showing the strongest year-over-year increase for single family homes since Q1 2006, the national median …
A sell off on Wall Street in response to President Obama’s victory amid concerns about the fiscal cliff he faces led to stocks spiraling down, as the three indexes dropped nearly two-and-a-half percent. CNNMoney reports the Dow Jones Industrial Average lost -2.36 percent, dropping 312.95 points, to close below 13,000 …
iStockAnalyst informs MHProNews Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports their financial results for the third quarter 2012 saw funds from operations (FFO) fall from $0.216 per share in Q3 2011 to $0.213 as the net proceeds from the sale of 12 MHCs in May were not yet …
Bloomberg tells MHProNews the Dollar Index, which tracks American currency against that of six of our trading partners, rose 0.3 percent to a seven-week high on the news of President Obama’s re-election, a sign of a weakened dollar. The index hit 80.83 after touching 80.92. Investors are concerned the president …
According to the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI), the number of U.S. markets showing consistent improvement increased by 22 to 125, Oct. to Nov. Based on employment, housing permits, and house prices for at least six consecutive months, markets qualifying for the list grew …
HousingWire reports Core Logic’s Sept. 2012 home price index (HPI) indicates national home prices increased five percent on a year-over-year basis. This represents the largest year-over-year increase since July 2006, and the seventh consecutive month of annual home prices increase. Oct. 2012 home prices, including distressed sales, are expected to …
In a 2008 design competition sponsored by the New York’s Office of Emergency Management (OEM), the goal was to design housing in response to a massive flood that required emergency housing for 38,000 people, flooded the subways and neighborhoods, leaving people with no where to live, work, or go to …
Blue Chip stocks advanced as Americans flocked to the polls, sending all three indexes into positive territory. CNNMoney reports the Dow Jones Industrial Average moved up +1.02 percent, gaining 133.24 points, to close at 13,245.68. The Nasdaq advanced +0.41 percent, +12.27 points to close at 3,011.93, while the S&P moved …
MHProNews has learned from campaign memos in key battle ground states that the exit polls show the race “razor close.” One campaign source tells MHProNews that it is “Florida in 2000 close.” As a reminder, the 2000 presidential election came down to 537 ballots in Florida. In the NH town of …
Zacks Investment Research reports Universal Forest Products, Inc.’s (UFPI) 2012 third quarter earnings fell below year ago earnings per share by $0.01 to $0.28, and $0.10 below Zacks Consensus estimate of $0.38 a share. A $2 million Canadian anti-dumping duty severely impacted the low return. Higher lumber prices contributed to …
In its rundown of Berkshire Hathaway’s third quarter 2012 financial report, ValueWalk reports earnings for Clayton Homes, which comprises the finance and financial products sector, rose 19 percent year-over-year, based on a one percent increase in revenues to one billion dollars. Although units sold increased five percent, the lower average …
The housing shortage in New York City for this winter is so acute public officials are considering FEMA (Federal Emergency Management Agency) trailers and manufactured housing in areas outside the city where there is room to site them. Other options include area hospitals with empty beds, even state-run mental hospitals. …
Jay Hesse of Blue Ox has donated $5,000 to the RV/MH Hall of Fame Museum in Elkhart, Ind., and has set up a “peer challenge” program to encourage other RV/MH industry donations to pay off the bank note by April 30, 2013. Anyone donating $1,000 or more would challenge three …
MHProNews has learned Vela Building Systems (VBS) of South Africa is spreading its modular housing operations and community infrastructure building into other countries in Southern Africa, like Mozambique, where the growth rate is seven percent annually, and Namibia. Anticipated to be the second fastest growing region in the world over …
BusinessWire informs MHProNews JPMorgan Chase Bank, N.A. is purchasing MetLife Bank, N.A.’s approximately $70 billion mortgage servicing portfolio as MetLife continues to divest itself of its bank holding company structure, a move it began in 2011 when it decided to no longer sell residential mortgages. MetLife Bank President Jim Rose …
U.S. stocks nudged slightly higher the day before the toss-up presidential election, as CNNMoney reports the Dow Jones Industrial Average moved up +0.15 percent, gaining 19.28 points, to close at 13,112.44. The Nasdaq advanced +0.59 percent, +17.53 points to close at 2,999.66, while the S&P moved up +0.22 percent, +3.06 …
The CalgaryHerald tells MHProNews the provincial government of Alberta, Canada has taken the first step towards making warranty coverage for new homes in the province mandatory, a move that could add up to $2,000 to the price. The New Home Buyer Protection Act would cover manufactured and modular homes, single-family …
In their “Thumbs Up Thumbs Down” column the poconorecord reports from Monroe County, Pennsylvania Liberty Homes received a thumbs up for its assistance in building 18 homes locally for the Monroe County Habitat for Humanity chapter. Located in nearby Pocono Lake, Penna., just south of Scranton, Liberty received the honor …
Sherman Price and his brother, the late Leon Price, Sr., were honored for outstanding service and dedication to the state’s factory built housing industry, and inducted into the Arkansas Manufactured Housing Association (AMHA)’s “Hall of Fame.”Sherman Price was surprised by the recognition, the association’s highest honor, given at the AMHA …
As the result of damage inflicted by Hurricane Sandy, President Obama issued a disaster declaration for specific counties in Connecticut, New Jersey and New York, as well as the Mashantucket Pequot Indian Reservation in Connecticut. The Department of Housing and Urban Development (HUD) is offering disaster victims whose homes were …
