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 news-times says data from the Census Bureau shows 36.5 million people, 12 percent of the population, moved to a new home this year, up from a record low of 11.6 percent in 2011. The most mobile group, young men 25-29, are moving out of their parents’ home, either returning […]
Theolympian tells MHProNews Freddie Mac says the average on a 30-year fixed rate mortgage (FRM) fell to 3.49 percent from 3.55 percent last week, matching its lowest rate since long-term mortgages began in the 1950’s. The 15-year FRM dropped to its lowest rate ever, 2.77 percent, from 2.85 percent last
Historic Lows for Mortgages Read More
prairiebizmag reports from Minot, North Dakota, this city hard hit by the disastrous flooding of the Souris River in late June 2011 will now see the beginning of 3,000 modular residential units rise on 323 acres. Champion Home Builders, Inc., in partnership with Genco Bakken Development Group LLC, has broken
3,000 Modular Homes set for Minot, ND Read More
Slowing economic growth in the global economy led to modest declines in U.S. stocks. CNNMoney reports the Dow Jones Industrial Average inched up +0.14 percent, +18.97 points, to close at 13,596.93. The Nasdaq fell -0.21 percent to 3,175.96, while the S&P lost -0.05 percent to close at 1,460.26. The Yahoo!
Modest Movement in Housing Stocks Read More
The news-times reports from Danbury, Connecticut a dozen new modular apartments built with high-efficiency insulation featuring Energy Star utilities and fixtures is a collaborative effort of the city, the state’s General Assembly, Connecticut’s Housing Development Fund, as well as the builders and three local banks. “The utility bills in these
Modular Apartments Dedicated in Conn. Read More
Following-up on a story we published Aug. 7, 2012 regarding measures passed by the Marion, North Carolina City Council July 17 to regulate placement and structural standards of new manufactured housing, mcdowellnews reports the council voted unanimously to repeal the new rules. Local real estate agent Mark Shuman pointed out
City Council Repeals Rules Governing MH Read More
As follow-up to an article we published Aug. 2, 2012, KTBS reports the Jefferson, Texas City Council continued to discuss a proposed ordinance that would ban manufactured housing from certain historic districts of the city. The hour-long discussion, intended to resolve the issue, raised more questions than answers, as a
Council Delays Decision on Siting of Manufactured Homes Read More
IdahoBusinessReview reports Mesa, Arizona-based Greenstar Building Systems has purchased a building in Weiser, Idaho to make modular housing for workers at oil and mining camps. The 67,000 square-foot building was previously owned by Champion Homes, which consolidated its work force into another building during the housing turndown. Greenstar anticipates hiring
Greenstar Expands into Idaho Read More
CNNMoney says investors shifted their interest to the oil market where prices have fallen to a one month low, away from the dimness of the stock market. The Dow Jones Industrial Average inched up +0.10 percent, +13.32 points, to close at 13,577.96. The Nasdaq gained +0.15 percent to 3,182.62, while
Like the Three Indexes, Movement Minor of Tracked Housing Stocks Read More
The National Association of Realtors (NAR) reports in the Christian Science Monitor its index of existing home sales contracts increased 2.4% in July of this year to 101.7, higher than June’s reading of 99.3. It is the highest number since April 2010 when the government’s home-buying tax credit ended. Even
Home Sales Slowly Climbing Read More
DividendInvestor reports Canadian MHC owner Killam Properties, Inc. (TSX:KMP) has declared a dividend of $0.0483 per share payable Oct. 15, 2012 to shareholders of record as of Sept. 28, 2012. Having paid dividends since 2007, Killam has a current dividend yield of 4.5%. As MHProNews has learned, the company owns
Killam Announces Dividend Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence for new single-family homes increased for the fifth consecutive month to 40, bringing the index to the highest level since June 2006. (Any number above 50 indicates builders see conditions as good rather than poor.)
Housing Starts Increase Nationwide Read More
napavalleyregister reports 80 people, representing a three county area just north of San Francisco, heard five speakers at the Golden State Manufactured-Home Owners League (GSMOL) address issues of rent control, recruitment, civil law and fair housing. Two attorneys who specialize in construction and property law discussed responsibilities landlords have to
Manufactured Home Owners Gather Read More
American Banker reports Richard Cordray, head of the Consumer Financial Protection Bureau (CFPB), stated the agency will not mandate a 20 percent down payment in new underwriting rules for low-risk loans. Testifying before the Senate Banking Committee Sept. 13, he was responding to a question about the CFPB’s qualified mortgage
CFPB will not Require 20 Percent Down Read More
RVBusiness reports a copyright dispute has spawned a lawsuit, and countersuit, between two manufactured home producers, Cavco Industries, Inc. and Champion Home Builders, Inc. Phoenix-based Cavco and its Palm Harbor Homes (PHH Liquidation Trust) division filed the initial copyright lawsuit in federal court, alleging Champion violated the copyright law and
Cavco vs. Champion in U. S. Federal Court Read More
menafn says MHC owner Equity LifeStyle Properties, Inc. (ELS) declares all shareholders of its 8.034% series A cumulative redeemable perpetual preferred stock will receive a redemption notice entitling them to receive $25 per share for outstanding shares as of Oct. 18, 2012. In addition, shareholders will receive 0.094846 in unpaid
Equity LifeStyle Properties Declares Dividend Read More
Renewed concerns about the European debt crisis and global economic slowdown kept investors on the sidelines in today’s trading. CNNMoney says investors are more interested in the new iPhone due out Friday, as the three major indexes barely moved. The Dow Jones Industrial Average inched up +0.09percent, +11.54 points, to
Three Indexes Flat; Patrick, Skyline Gain Read More
heraldonline tells MHProNews the Manufactured Housing Association for Regulatory Reform (MHARR) issued a bi-partisan appeal to President Obama and Republican presidential candidate Mitt Romney to assist in revitalizing manufactured housing as a form of affordable homeownership for millions of Americans of modest means to achieve the dream of owning their
MHARR Appeals to Pres. Obama and Candidate Romney Read More
Prairiebizmag reports Red Lake Falls, Minnesota based Homark Homes is building two dormitory-style man camps for a Goldcorp, Inc. gold mine near Musselwhite, Ontario, Canada. Built to house 76 workers, each building consists of 16 modular units connected to form a two-story residence hall 28 feet wide by 282 feet
Modular Builder may enter Oil Boom Fray Read More
CNNMoney reports trading was light Monday as investors continue to digest the Federal Reserve’s decision to stimulate the economy coupled with Rosh Hashanah, the start of the Jewish New Year. All three major indexes remained unchanged. The Dow Jones Industrial Average was 13,553.10, the Nasdaq stayed at 3,178.67, while the
Skyline, Louisiana Pacific Active as Three Indexes Snooze Read More
