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.
FYR-TV in Bismarck, North Dakota says the combination of the Souris River flooding in Minot, ND last year and the ongoing oil boom in western ND is creating a huge demand for manufactured and modular housing from Minot to Williston and the surrounding area, especially since contractors are so busy. …
MarketWatch says Phoenix-based Cavco Industries, Inc. (CVCO: +3.63% Aug. 2) reported net sales for the first quarter of fiscal year (FY) 2013 totaled $118,781,000, representing a 20% increase over the $98,981,000 net sales for the first quarter of FY 2012. First quarter 2013 net income was $1,618,000 as compared to …
bangordailynews reports from Rockland, Maine, the Rockland City Council will consider slackening its measure requiring sprinkler systems in newly constructed homes to lessen the financial burden for people who want to build in Rockland. Approved by the council in Dec. 2009, Mayor Brian Harden says the systems may cost twice …
CNNMoney reports European Central Bank president Mario Draghi did not announce definite plans to help solve Europe’s debt crisis, sending U.S. stocks into a downward slide. The Dow Jones Industrial Average fell -92.18 points, -0.71 percent, to close at 12,878.88. The Nasdaq also fell, dropping -0.36 percent to 2,909.77, while …
sundaygazettemail reports from Charleston W. Va. The West Virginia Housing Development Fund has re-introduced its incentive program to spur home construction by buying homes from builders who have been unable to sell their homes. Expecting to buy 100 homes annually, the $2.5 million allocated for the program will encourage builders …
greenvilleonline reports trade group Institute for Supply Management (ISM) says its manufacturing index edged up from June over July 49.7 to 49.8, but still shy of 50, which indicates the economy is contracting. Any reading below 43 would indicate recession. The report notes job growth has stalled and manufacturing activity …
KTBS reports from Jefferson, Texas in the northeast corner of the state across the line from Shreveport, Louisiana an ordinance banning manufactured housing from the historic area of the city is being opposed by some residents. MHProNews has learned over 300 Jefferson citizens have signed a petition to present to …
equities says Drew Industries, Inc (NYSE:DW) reports record net sales for the second quarter of 2012 of $251 million, a 35% increase over Q2 2011, a record for any quarter, primarily due to a 39% increase in the RV division, while acknowledging the manufactured housing sales segment also increased due …
The National Council of State Housing Agencies (NCHSA), a national non-profit that advocates before Congress on behalf of Housing Finance Agencies (HFAs) for affordable housing, reports the number of single-family homes financed by HFAs increased 41% in 2010 over 2009. mortgageorb says according to the 2010 NCHSA Factbook, HFAs financed …
Non-profit States Affordable Housing Financings Rise Read More
ModularHomeCoach informs MHProNews Haven Homes in Selinsgrove, Pennsylvania will cease operations for the final time Sept. 24, 2012 after 40 years in business. As of 3:00 PM July 27 the stopped accepting orders for their line of modular homes. The company says the current economic environment and recent health issues …
Investors turned back from the markets today after the Federal Reserve shied away from offering another stimulus package, as the Dow Jones Industrial Average slipped below the 13,000 mark to close at to 12,976.13, losing -32.55 points, -0.25%. CNNMoney tells us the Nasdaq also fell, dropping -0.66% to 2,920.21, while …
27east tells MHProNews modular housing has begun arriving in Amagansett at the far eastern tip of Long Island, New York next to St. Michael’s Lutheran church. With a $4.9 million grant from the Department of Housing and Urban Development (HUD) to non-profit St. Michael’s Housing Associates, the modular sections will …
mortgageorb reports a new study by the American Council for an Energy-Efficient Economy (ACEEE) estimates energy-efficient manufactured homes could save consumers $4.6 billion over the next 20 years, which would also improve residents’ economic stability. “Mobilizing Energy Efficiency in the Manufactured Housing Sector” states average household incomes in manufactured homes …
Study: Energy Efficient MH would Improve Economic Stability Read More
Following up on a story we have been covering for over a year, and last reported on July 25, 2012, voicesnews says the Conservation Commission, Inland Wetlands Agency (CCIWA) in Oxford, Connecticut, has acknowledged receipt of Garden Homes Management’s newest application for a 124-unit manufactured housing complex despite not having …
The CumberlandTimesNews in Cumberland, Maryland says Allegany County Commissioners will consider a proposed change in the county’s sprinkler law that will delay the stricter regulations until the state adoption of the International Residential Code (IRC) takes effect in 2015. Currently, all multi-family dwellings are required to have sprinklers, but the …
Commissioners Give Sprinklers a Wet Blanket Welcome Read More
The Daily Reporter tells us from Coldwater, Michigan, the Coldwater City Council has approved bringing 16 acres into the city from Coldwater Township for Ralph Schaefer to erect a modular home sales business. The council must also approve rezoning of the land, and the city planning commission must approve the …
OriginationNews reports after a rise of 1.8% in April, the first increase in seven months, the 20-city S&P Case Shiller house price index (HPI) rose 2.2% in May, for the second consecutive month. While the HPI is down 0.7% from a year ago May, all 20 cities showed positive gains …
Yahoo! Finance reports while most of the U.S. is still reeling from the effects of the housing downturn, the shortage of housing in western North Dakota is so great due to the Bakken Formation oil fields, the challenge is often finding a place to live. An 1,800 square foot house …
In Western North Dakota, Finding Housing is the Challenge Read More
Investors backed away from the market for the second consecutive day, still awaiting word from the Federal Reserve and European central banks about the possibility of a stimulus to kick start the conjoined economies, as all three indexes nudged down. CNNMoney reports the Dow Jones Industrial Average lost -64.33 points, …
Many Tracked Housing Stocks Fall; Skyline Falls Hardest Read More
The Olympian reports while the Consumer Confidence Index of The Conference Board increased for the first time in five months, from 62.7 in June to 65.9 this month, the index is well below 90, which indicates a healthy economy, a mark not seen since before the recession began in 2007. …
