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Manufactured and Modular Housing News

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.

2010 Had Record Low Housing Completions

Forex reports there were a record low number of housing completions in 2010, breaking the record set in 2009. The company says the total for single family, multi-family and manufactured homes (estimated) was 703 thousand units in 2010. That is about 17 percent below the 844 units completed in 2009 …

2010 Had Record Low Housing Completions Read More

Tame Inflation Figures Leave Mortgage Rates Mixed

Freddie Mac released the results of its Primary Mortgage Market Survey finding mixed results for both long- and short-term rates, with the 30-year rising slightly and the 15-year falling just as slightly. The 30-year fixed-rate mortgage (FRM) averaged 4.74 percent with an average 0.8 point for the week ending January …

Tame Inflation Figures Leave Mortgage Rates Mixed Read More

Stocks End Hump Day Down

Stocks closed modestly lower mid-week and manufactured housing and related stocks were also trading lower. Skyline Corporation and Universal Forest Products were off more than four percent. Cavco’s loss exceeded three percent. Barnes Group, All American Group and Drew Industries were each off more than two percent. The Manufactured Housing …

Stocks End Hump Day Down Read More

Texas Releases Funding to Provide Mortgage Credits

The Texas Department of Housing and Community Affairs (TDHCA) has released $45 million in mortgage credit certificate authority through its Texas Mortgage Credit Program, a homebuyer program that makes homeownership more affordable by providing a dollar for dollar reduction of a borrower’s tax liability, not to exceed $2,000 annually. The …

Texas Releases Funding to Provide Mortgage Credits Read More

Factory-built Home Owner has Lowest Electric Bill in County

A factory-built home owner in Martinsville, Virginia was highlighted this week in the Martinsville Bulletin for something he didn’t have, a high electric bill. A photo provided with the article shows Danny Clifton holding up his most recent electric bill, which totals $36.46, from Appalachian Power Co. Clifton attributes his …

Factory-built Home Owner has Lowest Electric Bill in County Read More

Re-Opening PA Plant to build Classic Line

The Daily Item in Selinsgrove, Pennsylvania ran a story providing some insight into the purchase of a former Penn Lyon home plant by Maryland-based Haven Custom Homes. The article indicates the 40-year-old Haven Homes will make a new line called “Classic Homes by Haven” in the Penn Lyon plant. It …

Re-Opening PA Plant to build Classic Line Read More

Mortgage Application Activity Rises

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending January 14, finding mortgage loan application volume increased five percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 6.4 percent compared with the previous week. MBA …

Mortgage Application Activity Rises Read More

Re/Max Says Homes Sales Rose in December

Housingwire cited statistics from Re/Max Wednesday that indicating home sales rose 13.2 percent in December after five consecutive months of declines. Compared to December, 2009 however, sales were five percent lower. From ground zero of the housing crisis, Re/Max found home sales in Phoenix were up more than twelve percent …

Re/Max Says Homes Sales Rose in December Read More

Building Permits Jumped in December

The Commerce Department’s U.S. Census Bureau today released data on new residential construction in December, 2010. Permits for new homes jumped 16.7 percent in December compared with private-sector expectations of a 2.9 percent increase. The department says scheduled changes in building codes in January in California, New York and Pennsylvania …

Building Permits Jumped in December Read More

Three MH REIT’s Make Top Five List

SmarTrend outlined its top five companies in the Residential Real Estate Investment Trust’s (REIT)’s industry as measured by the price to cash flow ratio. Three of the five involve manufactured housing communities. SmarTrend says Equity Lifestyle Properties has a price to free cash flow ratio of 13.7x based on a …

Three MH REIT’s Make Top Five List Read More

Cavco to Release Earnings

Cavco Industries announced it will release earnings for the third quarter of fiscal year 2011 on Thursday, January 27, 2011 after the close of market. Senior Management will discuss the third quarter results in a live webcast the following day, Friday, January 28, 2011 at 11:00 A.M. Eastern Time. Investors …

Cavco to Release Earnings Read More

UVA Wins Haiti Homes Design Competition

World Interior Design Network reports that The Architecture for Health In Vulnerable Environments (ARCHIVE), an international charity based in the US, recently announced the winners of a global architectural competition inviting architects, designers and health specialists for the building of ‘healthy homes’ for Haiti. The Haitian government-sponsored competition is intended …

UVA Wins Haiti Homes Design Competition Read More

FHFA Announces Joint Initiative to Consider Servicing Compensation Alternatives

The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to work on a joint initiative, in coordination with FHFA and the Department of Housing and Urban Development (HUD), to consider alternatives for future mortgage servicing structures and servicing compensation for their single-family mortgage loans. Currently, a …

FHFA Announces Joint Initiative to Consider Servicing Compensation Alternatives Read More

Analysts: Manufactured Housing to Begin Recovery

A new report by Global Industry Analysts indicates the global prefabricated housing market had registered a moderate to flat growth during the period 2004 to 2007. The market witnessed a further blow in 2008 and 2009 due to the economic recession. However, the market is on the verge of recovery …

Analysts: Manufactured Housing to Begin Recovery Read More

Indiana Paper Sees Prefab as Sitting Pretty

From Indiana and the Star Press comes a report that prefab homes are poised to take off as the economy improves. The article says more U.S. consumers and developers are turning to factory-built housing for speed, quality and energy efficiency. The prefab market, the article says, is positioning itself for …

Indiana Paper Sees Prefab as Sitting Pretty Read More

Haven Custom Homes Officially Announces Acquisition of PA Facility

Haven Custom Homes, a leader in the construction of custom modular homes for more than 40 years, officially announced its acquisition of a new production facility in Selinsgrove, Pennsylvania. The facility was previously part of Penn Lyon Homes, a modular home manufacturer who closed their doors last summer. The company …

Haven Custom Homes Officially Announces Acquisition of PA Facility Read More

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