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.
Consumer prices held steady in July, according to the Bureau of Statistics, and inflation remains low, both good signs for the economy, as investors sifted through economic data and continue to hope for stimulus from the Federal Reserve, according to CNNMoney. Meanwhile, U. S. stocks moved little, as the Dow …
Tracked Housing Stocks Move Little, except Nobility’s Drop Read More
Stockhouse tells MHProNews T.J.T., Inc. of Emmett, Idaho reports a net loss of $194,000 for its third quarter of fiscal year 2012 versus a net loss for the same period last year of $346,000. Net sales fell from $1,457,000 for the quarter ending June 30, 2011 to $880,000 for the …
As follow-up to a story we posted Aug. 7, 2012 about the Clawson Mobile Home Park in Boone, North Carolina closing Oct. 4, 2012 and being sold to developers who will erect student housing, the WataugaDemocrat says the Boone Planning Commission voted in favor of the rezoning request. Developer of …
WorldPropertyChannel tells MHProNews.com that the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) indicates strengthening house prices means slightly lower housing affordability in the second quarter of 2012. The HOI data revealed that 73.8 percent of all new and existing homes sold in the second quarter were affordable …
Housing Affordability Index Declines as U.S. Home Prices Uptick in Q2 Read More
GurnseyGazette tells MHProNews that some 30 households faced with eviction as a result of planning by the Camp Gurnsey unit of the Wyoming National Guard have been scrapped. Wyoming State Adjutant General Luke Reiner’s stated in a meeting with residents, “if you currently live there, you can stay.” “However, as …
CNNMoney tells MHProNews that the Dow rose to 13,172.14+2.71 / +0.02%. The rise puts the Dow up +7.81% year-to-date. The Yahoo! Financial Manufactured Housing Composite Index rose +2.11 to close at 996.0. Affiliated Managers Group lead gainers116.07 +0.45(+0.39%), while other tracked stocks lost ground today before the closing bell. Clayton Homes, Vanderbilt Mortgage and …
Affiliated Managers close up, while most MH stocks slide Read More
SussexCountian tells MHProNews that the First State Manufactured Housing Association in Delaware awarded two high school graduates their Manufactured Housing Scholarship Award for 2012. Sarah Bryan, a Delmarva Christian High School graduate, will be attending Southern Wesleyan University this fall. Bryan was a member of the student leadership council, science …
Students Receive Delaware Manufactured Scholarships Read More
GlobeMail tells MHProNews that Canada Mortgage and Housing Corp (CMHC). is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing. CMHC states that housing starts and home sales have been good in 2012 – particularly when it comes to multiple-dwelling units such as condos …
Forecast Slows, says Canada Mortgage and Housing Corp Read More
MarketWatch tells MHProNews that pre-fab builders such as Home by Vanderbuilt and Cabin Fever are seeing the easing of the stigma of modular and factory-built homes. “Modular homes can provide features that lower energy bills; the materials are factory-made, which cut production costs; and the time it takes to build …
ComplianceWeek tells MHProNews about a new report, “Two Years On, Reassessing the Cost of Dodd-Frank for the Largest U.S. Banks,” Standard & Poor’s Ratings Services (S&P) updated its prior estimate of what new regulations may cost Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, PNC Financial Services, U.S. …
S&P says Dodd-Frank may cost Big Banks $34 Billion annually Read More
Reuters tells MHProNews that the Federal Housing Finance Agency (FHFA) raised concerns about a private investor group’s controversial aim to seize and restructure poor-performing mortgages. The federal housing regulator of the GSEs said it is concerned about the program’s constitutionality. “FHFA has significant concerns with programs that could undermine and …
A survey of manufactured home buyers was done recently by an industry-leading business-to-consumer service provider. The survey by MHVillage revealed the following results. How soon would you like to move? Now 22% Next Month 25% Next 6 Months 26% Next Year 10% Just Looking 17% Are …
SBWire tells MHProNews one way to increase the size of a home is by a modular addition, either vertically or horizontally. A vertical addition will increase light and add a view without having to increase the footprint of the house, which involves more foundation work. Conversely, a horizontal addition will …
In the face of mortgage servicers role in the national housing crisis by changing loan terms resulting in borrowers losing their homes, and foreclosing on homes when lenders missed payments, the Consumer Financial Protection Bureau (CFPB) has proposed a new set of rules to make borrowing more transparent and thus …
nctimes reports from Escondido in southern California incumbent Olga Diaz and challenger Don Greene have received endorsements for city council from the Coalition of Escondido Mobile/Manufactured Home Voters, which represents the city’s 7,000 MHC residents. Greene lives in a manufactured home and has been a strong advocate for issues that …
Continuing concerns about the growth of the global market gave investors pause, keeping trading volume down, as the Dow Jones Industrial Average drifted lower, losing -38.52 points, -0.29 percent, to close at 13,169.43. According to CNNMoney, the Nasdaq actually gained +0.05 percent to 3,022.52, while the S&P lost -0.13% to …
LedyardPatch reports from Ledyard, Connecticut the residents of 55 plus community MHC Stonegate Village are opposing a plan by the owners to develop an undeveloped 22 site area for residents of all ages, including seven units as affordable to comply with HUD requirements. Owner Third Garden Park, LP of Stamford, …
MHC Owner wants to Include Affordable Housing in Retirement Community Read More
HousingWire reports while Rep. Paul Ryan, (R-WI), Gov. Mitt Romney’s running mate for the White House has proposed privatizing “the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk,” and an end to the $188 billion …
SanteePatch reports from Santee, California that the city’s 12 manufactured housing communities account for 12 percent of all the homes in this town just east of San Diego. Seven of the MHCs are 55+ communities, and in 1989 the city enacted a rent control ordinance which has been successfully upheld. …
leadingage says while the Joint Center for Housing Studies at Harvard University predicts the housing recovery will be led by single-family home construction, the center also foresees the financial burden that will accompany the growing number of seniors who will need assisted housing and supportive services. The number of cost-burdened …
Housing Costs to Grow for Seniors on Fixed Incomes Read More
