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.
Stocks were stymied today by investors’ fears about the impending fiscal cliff as well as the debt crisis in Europe and Greece, as the three major indexes moved no more than 0.02 percent. CNNMoney reports the Dow Jones Industrial Average moved nowhere, closing at 12,815.16. The Nasdaq lost -0.02 percent, […]
Most Tracked Housing Stocks Close Down Read More
RVBusinss says Lippert Components, Inc., a subsidiary of Drew Industries, Inc., has announced plans to re-brand its seating and furniture operations into Lippert Interior Solutions, and consolidate its seating manufacturing operations into one 160,000 manufacturing plant instead of the current two 70,000 square foot facilities. Says LCI Director of Product
Lippert Rebrands Division and Consolidates Manufacturing Read More
CNNMoney reports homebuilder D. R. Horton (DHI) missed revenue estimates in the third quarter 2012, but notched a profit that beat estimates. Meanwhile, Beazer Homes (BZH) exceeded its revenue expectations but its quarterly loss was more than anticipated, as it’s stock dropped nearly 14 percent. Horton’s shares fell 3.5 percent.
Has Homebuilding Hit a Bump? Read More
Responding to Hurricane Sandy, in a letter to the editor in the Brooklyn Daily, M. Taeler suggests Floyd Bennett Field as a site to produce modular homes, and set up a community to house the chronic homeless and the victims of the hurricane. Now a park, the field was NYC’s
Modulars Suggested for Brooklyn Read More
JetsonGreen tells MHProNews M. Gerwind Architects, trying to close in on a net-zero energy home, has developed a narrow 145 foot long container dwelling with a cantilevered master bedroom. This 2,800 square foot modular unit has 140 feet of solar panels and is being sited in Boulder, Colo. Although they
Two-story Container Home Read More
TMCnet reports SmarTrend ranks Equity LifeStyle Properties, Inc. (ELS) as the number one real estate investment trust (REIT) in sales growth, with a gain of 32.8 percent. Sun Communities, Inc., (SUI) ranks third with 19.2 percent sales growth. As MHProNews has leaned, SmarTrend analyzes 5,000 securities simultaneously throughout the trading
MHC Owners Top Reit List Read More
Stocks began the day moving up on positive economic reports, but after President Obama spoke about raising taxes on the wealthy to help pay for the impeding fiscal cliff, they fell back, although still registering small gains. CNNMoney reports the Dow Jones Industrial Average nudged up +0.03 percent, gaining +4.07
Cavco Sizzles, Dow Fizzles Read More
MHProNews has learned effective Jan. 2013 the Consumer Financial Protection Bureau (CFPB) will assume authority of the Fair Credit Reporting Act (FCRA) as it moves out of the Federal Trade Commission. The CFPB issued new regulations that delineate the form governing the conducting of a credit check by a prospective
Fair Credit Reporting Act—New for 2013 Read More
Further evidence that Warren Buffett’s Berkshire Hathaway is poised for the worst housing slump in 70 years to end, he has been buying real estate brokerages around the nation and is partnering with a Canadian real estate brokerage to double the scope of his business. Partnering with Brookfield Asset Management,
Betting with Buffett Read More
The DailyStatesman says the Bernie, Missouri Board of Aldermen turned down the recommendation of the city’s zoning committee to allow modular homes in all R-2 areas of the city. Five modular homes have been discovered in areas zoned only for single-family homes and duplexes. Alderman Tim Gage said the aldermen
Town Needs to Define Modular Read More
BusinessInsider says the buzz on the internet is corporate America is sitting on bundles of cash instead of hiring, blaming it on the uncertainty of the election. Now that the election is over, voters made their choice regardless of what the opposition says, and corporate America needs to get back
The Uncertainty is Over Read More
According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), builder confidence increased in the third quarter 2012 threefold over a year ago, from 12 to 36. A score of 50 or better indicates more builders see conditions as favorable, as opposed to unfavorable. There are
Home Builder Confidence Grows in Sr. Market Read More
The Washington Post reports that the federal government is moving manufactured homes into the New York and New Jersey areas hit hardest by Hurricane Sandy, according to the Federal Emergency Management Agency (FEMA). Forty prefabricated homes are en route to a staging area in New Jersey from Maryland, and FEMA
FEMA Homes Coming to NY and NJ Read More
NNMoney reports the latest twist on Craigslist is people looking for co-signers on loans because they do not have good enough credit on their own. A would be borrower in Ohio is offering a tractor and a car as collateral for someone to co-sign a $5,000 personal loan. A student
Turned down by a Bank? Try Craiglist Read More
Investors’ fears of political gridlock regarding the upcoming ‘fiscal cliff’ that could put the U.S. economy back into recession trumped a drop in first-time unemployment claims as well as a trade deficit that narrowed to $41.5 billion instead of expanding, putting the indexes in the red for today. CNNMoney reports
Indexes Drop One Percent, most Tracked Housing Stocks Follow Read More
NorthernOntarioBusiness reports Wincrief Modular Homes in Kenora, Ontario, Canada is a partnership between Moncrief Construction Ltd. and Wabassemooong (Whitedog) Independent Nation, utilizing a First Nation workforce. Wincrief began slowly nearly two years ago and has now sold 28 homes, some of them locally, and is now building duplexes for a
Modular Homes going up in Canada Read More
MHProNews has learned the 127-acre RV community Rainbow RV Resort in Frostproof, Fla. has been sold to Sun Communities, Inc. of Southfield, Mich. Brokered by Marcus & Millichap, Rainbow is located in central Fla. east of Tampa, and offers a large heated swimming pool, a 15,000 square foot modern clubhouse
Sun Acquires Fla. RV Community Read More
While President Obama’s re-election will likely thwart hopes of altering Dodd-Frank or the CFPB (Consumer Financial Protection Bureau), a more immediate concern is the possibility that the U.S. Treasury Dept. may have to bailout the Federal Housing Administration’s Mutual Mortgage Insurance Fund, according to nationalmortgagenews. A Romney administration would likely
WisconsinNews reports from Sauk Center, Wisconsin, just north of Madison, a shipment of modular homes had a piece of Highway 12 paralyzed in the downtown area because there was not enough room to turn a corner. Sauk Center police were called to direct vehicles. MHProNews could not immediately determine
Modular Shipment Ties up Town Read More
A tax break that gives homeowners the opportunity to save thousands may expire by the end of the year unless it is renewed by Congress. CNNMoney informs MHProNews the Mortgage Forgiveness Debt Relief Act of 2007 protects homeowners from having to pay income taxes on the portion of their mortgage
Tax Break for Underwater Borrowers may Expire Read More
