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.
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 […]
Economy Muddles Along Read More
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
Residents Want to Repeal Ordinance Read More
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
Drew Reports Second Quarter Financials Read More
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
Modular Builder Closing Read More
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
Tracked Housing Stocks Mostly Fall Read More
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
Modular Housing Arrives for Seniors Read More
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
Garden Homes Applies Again Read More
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
Modular Business Coming to Southern MI Read More
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
House Price Index Shows Modest Gain Read More
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.
Consumer Confidence Gains, but Slowly Read More
Yahoo!Finance says Cavco Industries, Inc. will release its earnings report for the first quarter of fiscal year (FY) 2013 on Thurs., Aug. 2, 2012 after the close of the market. Senior management will conduct a live webcast the following day, Fri. Aug 3, 2012 at 12:00 noon eastern time to
Cavco to Release Financials Read More
The tctimes in Fenton, Michigan reports the problems allegedly emanating from the Lake Ponemah Mobile Home Park have become a bone of contention between some of the residents, the Fenton Township Board of Trustees, Genesee County Undersheriff Chris Swanson, the MHC owners, and state governing board Michigan Manufactured Housing Commission
Opinions Vary on Michigan MHC Read More
MHProNews has learned from HousingWire 15 and 30-year fixed rate mortgages (FRMs) are continuing to drop to historic lows. While last year at this time a 30-year FRM was at 4.55, as of Thurs. July 26 it had dropped to 3.49% from 3.53% the previous week. While the 15-year FRM
Interest Rates Keep Dropping—But is it Good? Read More
CSRWire reports non-profit National Equity Fund (NEF) and financial giant Morgan Stanley are committing $25 million more in capital to support development of affordable housing and a jump start to local economies in devastated areas following catastrophic tornadoes and flooding. The current Rebuilding Local Economies Fund has reached $125 million.
For Profit and non-Profit Partner in Disaster Areas Read More
KTVN tells MHProNews UMH Properties, Inc. of Freehold, New Jersey has acquired the age-restricted Meadowood manufactured home community in New Middleton, Ohio. The 123 site community, located on 20 acres, was purchased for $3,400,000, and increases UMH’s holdings to 42 MHCs comprising 9,100 developed home sites in New Jersey, New
UMH Acquires Ohio MHC Read More
