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.
Frontiersman tells MHProNews the Builders Choice, Inc. plant in Meadow Lakes, Alaska outside Anchorage goes through 5,000 board feet of lumber each day making trusses for man camps for the North Slope, six-plex housing units, and airplane hangars. While currently only 27 people work at the facility, Builders Choice opened […]
Company to Expand Modular Production Read More
In his annual speech at Jackson Hole, Wyoming, CNNMoney tells MHProNews Federal Reserve Chairman Ben Bernanke talked up providing more stimulus for the economy, saying the two previous rounds of asset purchases improved financial markets and led to two million jobs. Previously, the Fed intimated it would provide stimulus only
Bernanke Strongly Suggests a Stimulus is Coming Read More
In a speech at Jackson Hole, Wyoming Fed Chairman Ben Bernanke hinted that the Fed is ready to provide additional stimulus to the economy, which boosted the three indexes for the end of the week and month. CNNMoney reports the Dow Jones Industrial Average moved up 90.2 points, +0.69 percent,
Housing Composite, Most Tracked Housing Stocks Gain Read More
The ChronicleHerald of Canada tells MHProNews 300 families in the Mountain View Estates manufactured housing community at Lake Echo in Nova Scotia have been without potable water since last December. MHC owner Killam Properties, Inc. of Halifax, Nova Scotia has issued monthly updates saying the boil-water order remains in effect
Water, Water, Everywhere Read More
ozarksfirst reports from Jefferson City, Missouri the Missouri Public Service Commission’s Manufactured Housing and Modular Units Program has received word from the United States Consumer Product Safety Commission (CPSC) that specific models of GE dishwashers are being recalled due to a problem in the heating element that can pose a
SacBee reports from the unincorporated town of Thermal in California’s Eastern Coachella Valley, residents of the Sunbird Mobile Home Park filed a complaint with the California Public Utilities Commission claiming excessive water bills and arsenic-contaminated water, which resulted in a bill passed by the state legislature allowing residents in such
High MHC Water Bill Leads to Legislation Read More
nationalmortgagenews reports the National Association of Realtors (NAR) says July pending home sales rose 2.4 percent over June to a two-year high, after falling in June 1.4 percent from the previous month. The trade group is forecasting home sales will rise nine percent this year and eight percent in 2013,
AnchorageDailyNews tells MHProNews consumer spending in July rose 0.4 percent over June, the best rate in five months, following no change in June and a small decline in May. Retail spending offset weak manufacturing. Income grew in July 0.3 percent, the same for May and June, and people earned 0.3
Economy Continues Sputtering Forward Read More
The Manufactured Housing Institute (MHI) announces Jenny Hodge has been selected Vice President, National Communities Council, with the responsibility for creating, managing, and developing programs to advance the interests of manufactured home land-lease community owners, managers, developers, lenders, brokers, and service/suppliers. Formerly Vice President of Marketing for the American Integrity
MHI Selects Jenny Hodge as Veep of National Communities Council Read More
Positive economic indicators during the week, including signs that the economy grew faster than originally reported and that the housing market is improving, put the damper on investors hoping Ben Bernanke will offer more stimulus in his speech tomorrow, driving the three major indexes down. CNNMoney reports the Dow Jones
All but One Tracked Housing Stocks Lose Read More
Ronnie Richards of American Homestar Corp. tells MHProNews a report by HousingWire reveals while mortgage rates have hit record lows since the beginning of the year, the effective interest rate has not changed because the Federal Housing Administration (FHA) raised its insurance premiums due to its troubled emergency insurance fund,
Rising FHA Insurance Raises Effective Interest Rate Read More
Gizmag tells MHProNews the Mini House from Sweden is a prefabricated modular home that arrives flat-packed and can be assembled in two days. Creator Jonas Wagell says all the modules can be recycled or combusted except the sliding glass door that opens on to the terrace, which gives a larger
Modular Mini House Assembles Quickly Read More
Stockhouse tells MHProNews the Canada Mortgage and Housing Corporation (CMHC) says the outlook for average rental apartment vacancies is not expect to change from the second quarter forecast of 2.2% for this year and 2.1% for 2012. Regionally for 2013 the lowest vacancy rates are forecast for Vancouver at 0.9%,
Energy Development Driving Growth in Canada Read More
In research that covers 75 percent of all residential mortgage applications, the Mortgage Bankers Association (MBA) reported applications fell 4.3 percent for the week ending Aug. 24. Meanwhile, nationalmortgagenews tells MHProNews refinancings accounted for 79 percent of all applications, as compared to 80 percent the previous week and 81 percent
Residential Mortgage Apps Drop Read More
HousingWire says, according to the Federal Reserve Bank of New York, household indebtedness fell $53 billion from Q1 to the second quarter of 2012 to $11.38 trillion, $1.3 trillion below household debt from the third quarter of 2008. Delinquency rate for mortgages in the second quarter was at 6.9 percent,
Foreclosure Notations, Mortgage Debt both Drop Read More
CNNmoney says in a complaint filed last month, the Los Angeles city attorney’s office accused U.S. Bank of contributing to crime, blighting neighborhoods, and harming property values by failing to maintain 170 foreclosed properties. With 3,000 branches in 25 states, the nation’s fifth largest bank is being called the largest
Ignored Foreclosed Homes: Who’s Responsible? Read More
Housing sales and prices are showing modest gains, according to RealtorMag, with economists saying the housing market will likely add to economic growth this year for the first time in seven years. July home sales rose to over ten percent better than July 2011, and prices increased 9.4 percent July
Housing (Finally) Adding to Economic Growth Read More
The three major indexes moved up slightly today on the heels of the Federal Reserve’s report that regional economic activity improved, and another report showed pending home sales had reached their best level in two years. CNNMoney reports the Dow Jones Industrial Average gained +12.24 points, +0.09%, to end at
Patrick Ind. Gains Again; Indexes Improve Modestly Read More
Indiancountrytodaymedianewtwork reports the first large housing project in 40 years on the San Felipe Pueblo tribal land in Sandoval County, New Mexico has just witnessed 28 families move in to the 28 new modular homes, part of a planned 150 unit project which includes multi-family housing for elderly members of
HUD Backs Modular Housing on Tribal Land Read More
times-standard reports from the northern coast of California Sandpiper Mobile Home Park is in its final stages of rebuilding after being purchased in 2006 by nonprofit Resident Owned Parks (ROP), which will offer homes for low income people to buy in Arcata, CA with the eventual goal of residents owning
Community to become Co-op Read More
