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.
The National Association of Home Builders tells MHProNews the NAHB/First American Improving Markets Index (IMI) indicating positive movement in the housing industry rose four notches from last month to include 103 metropolitan markets. Measuring housing permits, employment and house prices for at least six consecutive months, the Oct. reading marks …
In his take on the presidential debate Wed. night, Paul Muolo of OriginationNews notes Romney peppering Obama about the Qualified Mortgage rule that awaits finalization by the Consumer Financial Protective Bureau. MHProNews has learned Muolo finds it impressive that Romney knows what a QM is, and suggests Obama likely does …
The MinotDailyNews reports from Minot, North Dakota manufactured homes are being welcomed in many older neighborhoods following the Souris River flooding in June of 2011 that took out some 4,100 homes. Many of the houses lost were older, smaller homes that can be replaced quickly and affordably with manufactured houses. …
Following European Central Bank president Mario Draghi’s announcement once again that the bank was committed to buying bonds to bolster the European economy, bank stocks led markets higher, as all three indexes rose. CNNMoney reports the Dow Jones Industrial Average advanced +0.60 percent, +80.75 points, to close at 13,575.36, while …
Forty-one new manufactured homes have been installed in Mecca, California in the Mountain View Estates community to replace aging factory-built homes that were damaged/destroyed in a 5.5 inch downpour Sept. 11, 2012, according to what mydesert tells MHProNews. The rains ripped apart some of the Duroville MHC homes in Mecca, …
In a poll conducted by CNN Wednesday night after the presidential debates, 67 percent of the respondents said Gov. Mitt Romney bested Pres. Obama, while only 25 percent said Obama won. CNN Polling Director Keating Holland said it’s the only time since the question was initially asked in 1984 that …
WishawPress reports from northern Scotland in Great Britain, the Motherwell police station has officially opened 12 modular cells to help with the management of prisoners. Strathclyde Chief Constable Stephen House, newly-appointed head of the Police Service of Scotland, says “Modular cell buildings are a new approach to prisoner and staff …
Neweraprogress reports Amherst County High School students will build a Habitat for Humanity modular house at the school in Amherst, Virginia and site it in Madison Heights, just outside Lynchburg. Funded by grants, the more experienced students will instruct the newer ones in producing the two modules under the watchful …
Matthew Iglesias, writing in Slate magazine, notes that durable goods—appliances, furniture, vehicles, airplanes— are primarily mass-produced in factories because that is the most cost-effective way to produce the least expensive product for the consumer, and the highest wage for the worker. Some of these products occupy space in homes, which …
MHProNews reports that Mitt Romney grabbed momentum and took it to the incumbent president on a range of issues, including: Dodd-Frank, ObamaCare, Medicare, increasing domestic energy production, reforming taxes, education and of course creating jobs. Romney twice cited that the National Federation of Independent Businesses (NFIB) said that Obama’s policies …
Mortgage applications, growth in the U.S. service sector and private sector payrolls helped to boost the stock market today, but concerns about growth in Europe and Asia trumped the positive, leading to modest gains for the three major indexes. CNNMoney reports the Dow Jones Industrial Average advanced +0.09 percent, +12.25 …
Deer Valley, Cavco, Patrick and Drew Register Nice Gains Read More
PRNewswire tells MHProNews Green Courte Partners, LLC announces the appointment of Thru A. Shivakumar as Vice President, Acquisitions. While Ms. Shivakumar’s background is with parking facilities, and her focus will remain in that sector, her experience includes asset and portfolio management. Chicago-based Green Courte is a private-equity real estate investment …
WALB-TV reports White Plains, NY-based Drew Industries, Inc. (NYSE:DW) will ring the closing bell at the New York Stock Exchange on Fri., Oct. 5 in honor of Drew’s 50th anniversary as a publicly traded company. Drew’s initial public offering in 1962 denotes its involvement in real estate financing, management and …
The Manufactured Housing Association for Regulatory Reform tells MHProNews the U.S. Department of Housing and Urban Affairs (HUD) has released figures indicating August becomes the thirteenth consecutive month of growth for the production of manufactured homes. Statistics indicate HUD Code manufacturers produced 5,580 homes in Aug., an increase of 7.5 …
Encouraged by a variety of signs, fourteen economists surveyed by CNNMoney believe the housing market has finally turned the corner on its way back to health. Only three months ago half of those surveyed did not believe the turnaround would come until next year, or later. The economists cite three …
HousingWire reports CoreLogic says in its Pending Home Price Index home prices in August rose 4.6 percent over a year ago, the biggest increase year-over-year since July 2006, but only 0.3 percent over July, 2012. When distressed sales are excluded, August home prices rose 4.9 percent over a year ago. …
WVPubCast tells MHProNews two new modular homes now dot Route 52 just outside Welch, West Virginia in the southwestern corner of the state. Penni Padgett, Housing Director of the Council of the Southern Mountains, notes it is a milestone. “It is a small start but it is a start,” she …
Spain’s banking woes sent a chill through investors who remained cautious, staying against the wall with their hands in their pockets, as all three indexes moved less than a quarter of a point in either direction. CNNMoney reports the Dow Jones Industrial Average dropped -0.24 percent, -32.75 points, to close …
Nobility Spikes, Patrick Drops, Housing Composite Gains Read More
EarthTechling informs us the Solar Decathalon Europe competition was won by a French team’s modular, stackable solar home that produces enough energy to earn the net zero ranking—-and charge the family’s electric car. Utilizing a nano tower design, the Canopea can be stacked vertically for high density sustainable housing, and …
A Czech designed energy-efficient modular home, the Freedomky, features a heat recovery ventilator and air-to-air heat pump as well as photovoltaics and solar thermal hot water. As OregonLive tells MHProNews, this “tiny house movement” home is available in 248 and 409 square feet, and can be assembled in five hours. …
