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.
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
Following a story we last covered June 6, 2012, when a ballot measure (Proposition E) to eliminate rent control in MHCs was defeated in Oceanside, Calif., residents of the city’s 17 MHCs said they would exact their revenge against city council members who voted in favor of the proposal in
MHC Residents Exact Revenge at the Polls Read More
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), 74.1 percent of all homes sold nationwide in Q3 2012 were affordable to families who earned the U.S. median income of $65,000, up from 73.8 of homes sold in the second quarter that were affordable to median
Housing Affordability Improves Read More
Investors were slightly buoyed by lawmakers initial statements that they are working on a deal to avoid the impending fiscal cliff at the end of the year, sending stocks higher. CNNMoney reports the Dow Jones Industrial Average gained +0.37 percent, +45.85 points, ending the week at 12,588.23. The Nasdaq advanced
Most Tracked Housing Stocks Gain, led by Sun Read More
Benzinga reports MH and RV component maker Drew Industries, Inc. (DW) is ranked number four on the NYSE in earnings per share (EPS) among all the recreational vehicle manufacturers. The company’s trailing-twelve month EPS is $1.61; the revenue for the same time period is $860.48 million. As MHProNews knows, Kinro,
NationalMortgageNews tells MHProNews the delinquency rate for government-backed loans inched down third quarter 2012 over the second quarter, from 11.89 percent to 11.14 percent as of Sept. 30. The Mortgage Bankers Association (MBA) reports the rate a year ago was 12.09 percent. Federal Housing Administration (FHA) loans late 90 days
Delinquency Rate Drops Read More
SacBee reports Eugene W. Landy, Chairman of the Board of MHC owner UMH Properties, Inc. says none of their four communities in the path the storm took suffered adverse impact, although some staff members did sustain personal damage. He says, “UMH is working with Federal and State agencies to provide
UMH Helps Storm Victims Find Sites Read More
PortlandTribune reports from Portland, Oregon a plan by the city to annex west Hayden Island and build three marine terminals on the Columbia River has run into opposition from residents of a nearby manufactured home community as well as environmentalists and island residents. Lame-duck Portland Mayor Sam Adams had the
MHC Residents Oppose Nearby Industrial Development Read More
The huerfanjournal reports from south central Colorado the Kaspia Group, a New Mexico contracting and real estate services company will begin producing modular homes in the old Kan Build site in Walsenburg, CO early next year. Specializing in affordable housing developments, Kaspia expects to hire 60-65 full time employees who
New MOD Builder for Southwest Read More
Concerns over the fiscal cliff, double-dip recession in the Eurozone, and bombing of Gaza by Israel pushed investors away from stocks as all three indexes lost steam today. CNNMoney reports the Dow Jones Industrial Average lost -0.23 percent, -28.57 points, closing at 12,542.38. The Nasdaq dropped -0.35 percent, -9.87 points
Most Housing Stocks We Track Drop Read More
According to usgovinfo, a recent report from the Government Accountability Office (GAO) says the air quality in manufactured housing may be compromised by carbon monoxide entering the homes. GAO says the problem stems from fresh air intake and exhaust vents constructed too close together, which could allow CO2 and other
GAO: Ventilation Possibly Deadly in MH Read More
Dr. Mark Dotzour, chief economist at Texas A & M’s Real Estate Center, proclaims tax credits to buy homes or cars represents a fake economic recovery. When people buy because they want to marks a real recovery, which he says is starting to happen now because there is so much
Real Estate Guru Expresses Optimism Read More
WDAZ-TV reports from Grand Forks, North Dakota modular home builder Homark Homes is having trouble keeping up with demand for housing coming from the oil boom in western ND. Located just across the ND border in northwestern Minnesota, a strong Canadian dollar is bringing business from the north as well.
MOD Builder Brimming with Business Read More
OriginationNews says according to new figures compiled by the Mortgage Bankers Association (MBA), mortgage applications in New York and Connecticut shot up 60 percent for the week ending Nov. 9, while in New Jersey applications doubled. The first week of Hurricane Sandy apps dropped five percent nationwide, while they plunged
Weekly Apps are Up, Rates are Down Read More
