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.
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
Hoping for stimulus to come later this week from European and U.S. central banks, investors took a break from the markets as indexes nudged down. CNNMoney reports the Dow Jones Industrial Average remained above the 13,000 mark at 13,073.01, losing -2.65 points, -0.02%. The Nasdaq fell as well, dropping -0.41
Patrick and Drew Ind. Drop, Investors Cautious Read More
MHProNews has learned from the Manufactured Housing Institute, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which is charged with coordinating anti-money laundering rules covering over 100,000 financial institutions and businesses that may be utilized to support criminal enterprises, has instituted a new Anti-Money Laundering Program (AML) for
Anti-money Laundering: MHI’s Templates can Benefit non-bank Lenders Read More
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
