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 CATO Institute’s CEO, John A. Allison, is making the case that free markets not government are the solution to what caused the banking crisis. In his book,”The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope.” In a column to AB, Allison […]
CATO CEO Says Free Markets Are the Answer Read More
Greenprophet tells MHProNews that Egyptian Studio House has designed a pre-fab (modular) home called the Oxygen Villa. The solar powered home provides natural light, ventilation and cutting edge photovoltaic (PV) systems. It boasts decentralized waste water treatment and uses cantilevering mashrabiya boxes to catch prevailing winds; perfect for upscale Arab
Modular Arabian Nights Read More
According to data released by the federal government, CNNMoney reports consumers spent an average of 3.3 percent more on household expenses in 2011 than in 2010. The average for annual spending increased to $49,705, the first yearly rise since 2008. It must be noted that inflation, however, rose 3.2 percent,
Consumer Spending Rose in 2011 Read More
As HousingWire reports, the pending home sales index rose 2.7 percent from 115.8 in July to 118.9 in August even with available inventory levels falling, according to the California Association of Realtors (CAR). However, the pending sales index in Aug. 2011 was 121.4. The decline, says CAR President LeFrancis Arnold,
Pending Home Sales Rise in California Read More
Despite good news from the housing market and positive consumer confidence reports, investors were more focused on the what they see as a tepid global economy, as the three major indexes all dropped. CNNMoney reports the Dow Jones Industrial Average slid down -101.37 points, -0.75 percent, to close at 13,457.32,
Three Major Indexes and Most Housing Stocks Drop Read More
CNNMoney reports consumer confidence rose in Sept. to 70.3, well above the 63 reading many economists expected, and higher than the 61.3 August number. The Conference Board, a business research firm, says consumers who expect more jobs in the days ahead rose from 15.8 to 18.5, and those saying jobs
Consumer Confidence: Moving Up Read More
HousingWire reports an increase in home prices June to July 2012 according to the Standard & Poor Case-Shiller 10-city and 20-city indexes. The 10-city composite reveals a 1.5 percent rise. The 20-city composite grew 1.6 percent, registering the third consecutive month of growth in those cities. Dallas and Washington, D.C.
Idmanagedsolutions reports SmarTrend issued an Uptrend for Universal Forest Products, Inc. (NASDAQ: UFPI) on Aug. 22, 2012 when the stock was at $36.84. Today, the price is quoted at 16.66% higher, $42.97. Over the past 52 weeks, the share price has ranged from a low of $22.91 to a high
UFPI Stock Rises Prominently Read More
The register-guard reports from the Springfield City Council in Oregon, city officials are trying to determine their obligation for the residents of the 441 occupied manufactured homes in the city’s eight MHCs if development uproots them. The state legislature passed new rules in 2007 requiring MHC owners to give residents
City Plans for Redevelopment Read More
MHProNews has learned the Federal Housing Administration (FHA) issued a reminder to approved FHA lenders to promptly release hazard insurance funds to disaster victims of Hurricane Isaac, as per loan documents. The Mortgagee Letter says in the past some lenders used hazard insurance proceeds to pay off the mortgage, leaving
FHA to Lenders: Pay Hurricane Isaac Claims Now! Read More
NetNewsLedger reports from the northern Ontario, Canada town of Attawakispat on James Bay, the manufactured homes that were brought over the winter ice road have been sited during the summer. A disagreement between Minister of Aboriginal Affairs John Duncan and the Attawakispat First Nation leaders over funding management has led
First Nation Tribe Seeks more Manufactured Housing Read More
Testifying before the office of the U. S. Trade Representative in Washington, D.C. the National Association of Home Builders’ (NAHB) CEO Jerry Howard urged the federal government to avoid involving the U.S.-Canada softwood lumber accord in the Trans-Pacific Partnership Trade Agreement (TPP) talks. “Reopening the U.S.-Canada softwood lumber agreement would
Trade Agreement could Harm Housing Recovery Read More
Although markets are near their highs, investors backed away from stocks on news the global business climate is not doing well, as the three major indexes dropped. CNNMoney reports the Dow Jones Industrial Average inched down -0.15 percent, -20.55 points, to close at 13,558.92, while the Nasdaq dropped -0.60 percent
Stocks Move Very Little up or down Read More
HousingWire tells MHProNews the shadow inventory dropped by 1.2 million troubled mortgages in the first six months of 2012. Although those numbers could double by the end of the year, four million underwater loans would remain, down from a high of six million in 2010. According to JPMorgan Chase, of
Underwater Loans Drop Read More
The Daily Commercial reports from Leesburg, Florida Pat’s Sales has been providing the aftermarket manufactured home industry with discontinued, salvaged, and overstocked materials for 35 years. The 60,000 square-foot building contains a variety of flooring, cabinetry, plumbing, doors, windows, electrical, siding, moldings and much more, serving the myriad of manufactured
Store Draws MH Owners Read More
HousingWire reports Republican presidential hopeful Mitt Romney, in his housing plan, promises to shortcut Pres. Obama’s foreclosure prevention programs with private deals between banks and borrowers by providing alternatives to foreclosure, like short sales, deed-in-lieu-of-foreclosure, and shared appreciation. He has slammed the qualified mortgage rule and vowed to overhaul the
Romney Hammers Obama’s Housing Recovery Read More
CNNMoney reports foreclosure filings increased one percent in August over July as lenders slogged through a backlog of delinquencies and defaults. Scheduled auctions, default notices and bank repossessions were filed on 193,508 properties in August. Despite the increase, filings fell 15 percent from a year earlier. Foreclosures are rising in
Foreclosures Nudge up August over July Read More
U.S. stocks overall advanced during the day, then faltered as investors took in the global economic picture, to close with little change. CNNMoney reports the Dow Jones Industrial Average inched down -0.13 percent, -17.46 points,closing at 13,579.47, while the Nasdaq gained +0.13 percent to 3,179.96. The S&P lost -0.01 percent
Skyline Advances Well, but Modest Movement Elsewhere Read More
In a letter to the U.S. Speaker of the House of Representatives John Boehner, the National Association of Home Builders (NAHB) expresses concerns with H.R. 4212, the Contaminated Drywall Safety Act of 2012, which is designed to prevent unsafe drywall being used in the U.S. While NAHB praises the Consumer
Home Builders Want to Evaluate Legislative Proposal Read More
JetsonGreen reports Hive Modular in Minneapolis, Minnesota is making inroads into the neighborhoods of Calgary, Alberta, Canada. The B-Line Medium 010, with 2,075 square feet, offers three bedrooms and two-and-a-half baths, and features Plyboo cabinets, Hardie fiber cement exterior, Cambria countertops, Ames tile and Insteon lighting controls. With energy efficient
Modern Modular Crosses the Border Read More
