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.
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
According to the Fannie Mae October National Housing Survey of 1,000 Americans, 50 percent expect home rental costs to increase, providing more incentive to buy a home. RealtorMag tells MHProNews the survey revealed 72 percent of respondents say now is a good time to purchase a home, while only 18
Survey Says Good Time to Buy Read More
U.S. stocks dropped over one percent as fears over the impending fiscal cliff and renewed fighting in the Middle East provoked a sell off of stocks by investors. CNNMoney reports the Dow Jones Industrial Average lost -1.45 percent, -185.23 points, closing at 12,570.95. The Nasdaq dropped -1.29 percent, -37.08 points
Of Tracked Stocks, only Skyline Advanced Read More
RTTNews reports UMH Properties, Inc. (UMH) declared its funds from operations attributable to common shareholders (FFO) for the third quarter 2012 was $2.10 million, $0.13 per share, as compared to $1.68 million, or $0.11 per share for the same quarter 2011. Total income for the third quarter rose from $9.67
UMH Reports Third Quarter Gains Read More
Global financial services firm Morgan Stanley and non-profit National Equity Fund, Inc. (NEF) have added $75 million to their joint Rebuilding Local Economies Fund to help provide replacement housing for victims of Hurricane Sandy, according to BusinessWire. Designed to jump-start economic activity with developmental assistance, the fund finances affordable housing
For Profit and Non-profit Collaborate To Alleviate Storm Damage Read More
ConstructionDigital reports from the United Kingdom after many months of collaborative research, Larkfleet has developed low-cost, lightweight, energy efficient modular housing. The Startlink Lightweight Building Systems (SLBS) homes weigh less than half of what a comparable site-built home would weigh. Evaporative cooling in the summer flows from the water retentive
New Modular Rises in Great Britain Read More
CFTK-TV reports from northernwestern British Columbia (BC), Canada the residents of Telkwa, BC have just dedicated an eight unit modular housing project for seniors and persons with disabilities. Managed and operated by the Telkwa Senior Housing Society, the homes are outfitted with special needs features and fixtures. The $1.3 million
Affordable Housing in Northern Canada Read More
Housing industry analysts are skeptical about whether the construction that will result from Hurricane Sandy will offset the property damage that occurred. NationalMortgageNews reports Ken Simonson, president of the National Association for Business Economics and chief economist at the Associated General Contractors of America, does not regard it with much
Will Sandy’s Destruction Spur Re-construction on the East Coast? Read More
HousingWire reports Raj Date, deputy director at the Consumer Financial Protection Bureau (CFPB) will be leaving his post next year. As industry expert and consumer advocate, Date was the acting director from the inception of the agency in July 2011 until Richard Cordray took over the position. Mortgage Bankers Association
Personnel Changes Inside the Beltway Read More
4-Traders reports long-time insurance rating firm A.M. Best has conferred upon Standard Casualty Company a financial strength rating of A- (excellent), reflecting the company’s sufficient risk-adjusted capitalization, positive operating results, and excellent market smarts. A subsidiary of manufactured home producer Cavco Industries, Inc. (CVCO), Standard has historically adhered to strict
Cavco Subsidiary Gets Good Rap Read More
Continuing concerns about whether lawmakers will do what it takes to avoid the fiscal cliff overshadowed trading today as all three indexes closed down less than one percent. CNNMoney reports the Dow Jones Industrial Average nudged down -0.46 percent, -58.9 points, closing at 12,756.18. The Nasdaq lost -0.70 percent, -20.37
Skyline Falls as do Most Stocks we Track Read More
