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.
According to SFGate, Federal Reserve data indicates owners’ equity in household real estate fell from the end of 2005 through the last quarter of 2011 by seven trillion dollars, about half of its value. However, it increased by $400 billion in the first quarter 2012, the quickest rate of growth […]
Housing Industry Edges Up Read More
Daily Mercury reports from Sydney, Australia a modular house called HOUSE2.0 unfolds out of a box and can be set up within a week ready for the furniture to be brought in. Tektum managing director Nicolas Perren says a developer in Mackay in New South Wales (NSW) has expressed interest
Down Under Modular First to Rise Up Read More
azstar reports home sellers are benefiting from the reduced inventory of homes for sale. The drastic drop in availability has reached 50 percent in some areas of California since last year, and has dropped 53 percent in San Diego since last summer. Los Angeles has seen a decrease of 49
Low Inventory of For Sale Homes Raises Prices Read More
Yahoo!Finance says Elkhart, Indiana-based Skyline Corporation reports for fiscal year (FY) 2012 net sales increased 13% from $162,327,000 FY 2011 to $182,846,000. Manufactured and modular housing sales comprised $109,157,000 of the 2012 total, an 11% increase over the $97,922,000 net sales for 2011. FY 2012 net loss was $19,365,000 as
Skyline Corp. FY Results Read More
TheDailyCourier reports Beverly Granillo, who has been selling manufactured homes in Prescott Valley, Arizona since 1986, says used manufactured homes are selling well in the area because they are 30-50 percent less than new homes. She closed her dealership in 2009 because of the economy but now sells new and
Used Manufactured Homes Selling in Arizona Read More
Lender Processing Services (LPS) says compared to a year ago, fewer home mortgages are delinquent, but the rate rose May to June this year by 3.4%. LPS estimates as of June, 7.14% were behind, including 3.6 million 30 or more days past due, and 1.6 million seriously delinquent. The rate
Delinquencies Rise in June Read More
Buoyed by hopes central banks in Europe and the U.S. will stimulate the conjoined economies, CNNMoney reports investors drove the Dow Jones Industrial Average above the 13,000 mark for the first time since May as it gained 187.73 points, +1.46 percent, to end the week at 13,075.66. The Nasdaq also
Dow Spikes, Deer Valley Sparks, Skyline Shines Read More
Deanna Fields, Executive Director of the Manufactured Housing Association of Oklahoma (MHAO), tells MHProNews the Great Southwest Home Show will once again be held at the QuikTrip Center Expo Square in Tulsa, Feb. 28-March 3, 2013. The educational seminars will be held Wed. Feb. 27 before the show. Thurs. and
Manufactured Housing Show Returns to Tulsa in 2013 Read More
In a study by the American Association of Retired Persons (AARP) written up in SeniorHousingNews, seniors have taken a big hit in foreclosures since 2007, with those 75 and older having a rate of 3.2%, higher than younger members of the 50-plus age group. The foreclosure rate on prime loans
Foreclosure Rate for Seniors Rising Read More
As follow-up to a story we published yesterday, July 25, concerning the development of 251 manufactured homes in Halekulani, near the southeast coast of Australia, express-advocate-wyong reports opposition is increasing as nearby residents rallied outside the site Wednesday. As owners of the property, the Darkinjung Aboriginal Land Council wants to
Opposition to Australian MH Development Grows Read More
MarketWatch says real estate investment trust (REIT) Sun Communities, Inc. reported its second quarter 2012 financials. For Q2 2012, funds from operations (FFO) increased to $22.7 million, $.77 per share versus $16.4 million in the comparable 2011 quarter, which produced $.70 per share. Net income for the second quarter 2012
Sun Communities, Inc. Releases Financials Read More
Following up on our article July 16, 2012, MHProNews has received word the RV/MH Hall of Fame and Museum has far surpassed its goal of raising $100,000 to match the Ingram family challenge in order to keep the Museum open. $10,000 short of their goal only two weeks ago, and
RV/MH Museum Fundraiser Exceeds Goal Read More
CNNMoney says Mario Draghi, the president of the European Central Bank, in promising he would do everything necessary to preserve the Euro, sent the Dow Jones Industrial Average flying high, as it gained 211.65 points, rising 1.67 percent, to 12,887.93. The Nasdaq also shot up, gaining +1.37 percent to 2,893.25,
Patrick, Cavco, UFPI Gain Nicely Read More
According to MarketWatch, reflecting an 15 percent increase in revenue from the manufactured housing industry, Patrick Industries, Inc. (+8.19%) of Elkhart, Indiana reported net sales for the second quarter of 2012 rose 39.9 percent, or $33 million, over the $82.6 million of the same quarter in 2011. Net income for
Patrick Industries Announces Q2 Financials Read More
CNNMoney says according to Zillow, home values rose +0.2% year-over-year in the second quarter to a median of $149,300, the first annual increase since 2007. The real estate listing site also said prices increased 2.1% from the first quarter. Even though overall home prices continue to be 24% down since
Home Values Inch Upward Read More
mcall reports from the Lehigh Valley in Pennsylvania Love Homes and its owner, Lawrence Higgins, in Lower Macungie Township are in danger of losing licenses necessary to conduct its retail business of selling manufactured housing. A Pennsylvania Department of Banking order issued in March, 2012 has accused Love Homes of
Manufactured Housing Dealer may Lose License Read More
MHProNews has learned from NationalMortgageNews the Consumer Financial Protection Bureau (CFPB) seeks input from small banks and credit unions to set up special advisory boards, noting director Richard Cordray said small institutions can be exempt from certain regulatory requirements, but only on a case-by-case basis. Appearing before a House subcommittee
Smaller Lenders may be Exempt from Regulations Read More
As an indication the housing market may take longer to recover than hoped, CNNMoney reports new home sales fell 8.4% in June to a seasonally annual-adjusted rate (SAAR) of 350,000, following sales in May that hit a two year high, according to the Census Bureau. Housing market analysts expected sales
MHProNews has learned at a hearing on the Financial Services Oversight Council (FSOC), the “super committee” of regulators established as part of the Dodd-Frank Act to provide comprehensive monitoring of our nation’s financial system, House Financial Services Committee Chairman Spencer Bachus (R-AL) said there is little evidence the FSOC has
FSOC Regulators Losing Sight of Purpose Read More
Despite continuing worries about major European economies, AT&T and Boeing’s corporate returns helped buoy the Dow Jones Industrial Average as it moved up +58.73 points, +0.47%, to 12,676.05. CNNMoney reports the Nasdaq fell 0.31 percent to 2,854.24, while the S&P lost -0.03 percent to close at 1,337.90. The Yahoo! Finance
Housing Composite Gains More than Dow or Tracked Stocks Read More
