Stock Market Closed Today
The U. S. stock markets are closed today in honor of Thanksgiving Day. (Photo credit: Wikipedia)
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Manufactured and Modular Housing News
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.
Former MH Plant to Reopen as Modular Facility
TheAlmaTimes tells MHProNews the former Fleetwood manufactured home plant in Alma, Georgia that began production in 1993 and closed July 2009 as the result of bankruptcy will reopen as a modular commercial manufacturing facility. Titan Modular Systems plans to hire 100 workers. (Photo credit: TheAlmaTimes)
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Happy Thanksgiving!!!!
The staff at Manufactured Home Marketing Sales Management wish you and yours a Blessed Thanksgiving. (Photo credit: Fotosearch)
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Sun Clinches Deal, Builds Portfolio
As we reported Oct. 9, 2012, Southfield, Mich.-based Sun Communities, Inc. (SUI) announced it was purchasing four manufactured home communities in eastern Mich., with 1,996 homesites for $70.8 million, and providing mezzanine financing for two other MHCs that it will manage, with 1,598 homesites, all being acquired from entities of
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Modular Housing Meets Stiff Resistance
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
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Deregulation would Spur the Economy
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
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Three Indexes, Most Housing Stocks Register Gains
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
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30 and 15 Year Mortgages Hit New Lows
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
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NADA MH Cost Guide Going Digital
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
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Finnish Collaboration to Build Affordable Modular Housing
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
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Stackable MODs May House Storm Victims
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.
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Housing Recovery Continues to Show Strength
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
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All but One Tracked Housing Stock Squeaked out a Gain
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,
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Cargo Containers may Work Sometimes……..
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
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In Light of Hurricane Sandy…
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
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Historical Prefab
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.
Sales Numbers Improving
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
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South Africa Considering Public/Private MOD Housing
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
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Builder Confidence Grows
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
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Patrick, Cavco, Louisiana Pacific Advance
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
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