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.
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
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
