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.
RidgefieldPatch reports a proposed affordable modular housing project in Ridgefield, Connecticut has met with stiff opposition from neighbors as well as a planning and zoning commission member. The four, 3.5-story buildings on .41 of an acre would have 11 units, 30 percent of which would be affordable housing to help […]
Modular Housing Meets Stiff Resistance Read More
Forbes reports that if the Democrats truly want to restore the economy to the prosperity enjoyed during the Clinton years and avoid the “fiscal cliff,” the administration needs to enact policies that mimic those years, which include repealing ObamaCare and reducing federal regulation. In addition, federal spending was much smaller
Deregulation would Spur the Economy Read More
The government’s strong report on jobless claims and positive housing news trumped concerns over Greece’s economic woes as the three indexes all advanced, although slightly. CNNMoney reports the Dow Jones Industrial Average gained 0.33 percent, +41.83 points, ending the day at 12,830.34. The Nasdaq advanced +0.34 percent, +9.87 points to
Three Indexes, Most Housing Stocks Register Gains Read More
OriginationNews tells MHProNews the average 30-year mortgage rate dropped to a new record low, 3.31% in Freddie Mac’s weekly survey. During the week ending Nov. 21 the 15-year mortgage rate also set a record, dropping to 2.63% from 2.65% the previous week. Shorter-term rates moved little or none, as the
30 and 15 Year Mortgages Hit New Lows Read More
After 40 years in print form, the NADA Manufactured Housing Cost Guide is finally going digital. MHProNews has been informed NADAguides Manufactured Housing CONNECT digital solution will allow community owners, dealers, and insurance and financial institutions to determine the value of inventory as well as portfolios. Accessible from any device
NADA MH Cost Guide Going Digital Read More
GlobeNewsWire reports from Finland, Stora Enso and Skanska are collaborating to build a moderately priced modular housing project comprised of 36 BoKlok apartments in seven multi-story buildings. Skanska and IKEA developed the BoKlok concept in the mid-1990s, and 5,000 homes have been sold in Sweden. Stora Enso’s Hartola production unit
Finnish Collaboration to Build Affordable Modular Housing Read More
In its attempt to identify possible solutions for the estimated 20,000 people made homeless by Hurricane Sandy, some of whom may be without homes for months or years, the Federal Emergency Management Agency (FEMA) is considering using modular stackable units to temporarily house residents of New York and New Jersey.
Stackable MODs May House Storm Victims Read More
CNNMoney reports U.S. Census Bureau figures indicate home building rose to its highest level in four years in Oct., with builders beginning construction at the annual adjusted rate of 894,000 last month, 3.6 percent better than the previous month. While single-family home starts changed little from Sept., multi-family building has
Housing Recovery Continues to Show Strength Read More
The three indexes barely budged today as investors renewed worries about the European debt crisis and a sharp sell-off of Hewlett-Packard shares. CNNMoney reports the Dow Jones Industrial Average lost -0.06 percent, -7.45 points, ending the day at 12,788.51. The Nasdaq advanced +0.02 percent, +0.61 points to close at 2,916.68,
All but One Tracked Housing Stock Squeaked out a Gain Read More
According to ArchDaily, shipping containers are in great supply because it is more expensive to ship them back to China or Europe, than it is to make new ones in Asia. The advantages to using them are cost, durability, and strength as well as availability. The downsides include the coatings
Cargo Containers may Work Sometimes…….. Read More
During the last five years New York City’s Bloomberg Administration has been developing a plan to make temporary housing quarters out of 40 foot shipping containers with a door and window at each end, a bedroom, kitchen, bath and living area in between. Each 480 square foot unit would be
In Light of Hurricane Sandy… Read More
SearsHomes reminds us of their original prefabricated kit-built homes they sold 100 years ago. The Rodessa, a bungalow, had two bedrooms and just over 500 square feet, and sold for $907. in 1910, “cut and fitted” as the advertisement says. It was simple and practical and easy to produce quickly.
HousingWire reports sales of existing homes increased 2.1 percent October over Sept. to a seasonally adjusted annual rate of 4.79 million as compared to 4.69 million the previous month. The National Association of Realtors (NAR) says on the year, sales of existing homes are up almost 11 percent over the
Sales Numbers Improving Read More
BusinessDayLive tells MHProNews twelve million people in South Africa do not have adequate housing, so the government is putting together a private-public collaboration for modular housing. Duro, founded in 1955, has experience in developing building materials and built a 1,200 unit housing project in Angola. The state already buys shack
South Africa Considering Public/Private MOD Housing Read More
In another sign of an improving housing market, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for new, single-family homes gained five points to 46. Marking the seventh consecutive monthly gain, and this is the highest reading since May 2006. Says
Builder Confidence Grows Read More
An increase in existing home sales for October and confidence the fiscal cliff will be effectively addressed before Jan. 1 pleased investors, as stocks rallied to their best gain in months. CNNMoney reports the Dow Jones Industrial Average gained +1.65 percent, +207.65 points, ending the day at 12,795.96. The Nasdaq
Patrick, Cavco, Louisiana Pacific Advance Read More
According to coloradoan, the closing of two manufactured homes slated for development in Fort Collins, Colo. that displaced nearly 50 low-income struggling families, and closed some of the most affordable housing in the area, will be discussed by the city as a means to plan for the future. The city
City to Define MHC Closure Reqirements Read More
From Modular Home Builder comes word modular builder Blu Homes, which moved its operations from Massachusetts to an old airplane hangar in Vallejo, Calif., as we reported here Sept. 14, 2012, has purchased the assets of modern accessory dwelling maker Modern Cabana. The styles fit in with Blu’s modernistic designs.
Blu Homes Adds Elegant Sheds Read More
According to SeekingAlpha, the Dow Jones Equity REIT (real estate investment trust) Index rose quicker than popular stock averages until the beginning of 2007, then fell from a high above 360 to a low under 100, and for the last two years has been over 200. REITs are considered yield
The Nebraska Public Service Commission (NPSC), noting each transportable section of a manufactured home should display a Federal Manufactured Home label on the exterior, says if consumers have a question about the label and the home was built in Nebraska, contact the NPSC. If the home was built in another
Nebraska Provides Contact Information Read More
