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.
HousingWire tells MHProNews.com the Federal Housing Administration (FHA) will raise the mortgage insurance from one percent to 1.75 percent to make up for the drop in the Mutual Mortgage Insurance (MMI) Fund below the Congressionally mandated two percent, to 0.2 percent. The FHA said the increase will add $1 billion …
Despite an unexpected sizable drop in durable goods orders, CNNMoney tells MHProNews.com the Dow Jones Industrial Average crossed the 13,000 mark for the first time in almost four years to close at 13,005.12, gaining 23.61 points, +0.18 percent. The Nasdaq moved up +0.69 percent, +20.60 points, to end the day …
Dow Crosses 13 Grand and Sticks; Housing Stocks Mostly Down, but Mixed Read More
The Great Southwest Home Show, billed as the World’s Largest Indoor Manufactured Home Show, is packing a wallop of seminars, forums, and workshops in addition to all the vendors and homes from the nation’s foremost manufacturers. March 1 and 2 will be Industry Days with workshops ranging from new financing …
Although orders for durable goods fell last month by four percent, the sharpest drop in three years, improved perception of the job market contributed to consumer confidence rising to its highest level in a year, according to what the LATimes is telling MHProNews.com. Economists expected the durable goods orders to …
Rise in Consumer Confidence, but Economy Continues to Falter Read More
From north of the border Sys-Con says Innovative Composites International, Inc. (ICI) has inked a deal to provide RedLeaf Homes, Ltd. with modular housing to distribute to mining camps, First Nations, and in other rural areas. RedLeaf will maintain exclusivity providing they generate $5 million worth of revenue annually. ICI’s …
Under a deadline set by the Federal Emergency Management Agency to change the city’s flood ordinance or lose the right for residents to obtain federal flood insurance, the city council of Denham Springs, Louisiana, approved changes to its flood ordinances. New construction and substantial improvements to a property within the …
New Ordinance: Manufactured Homes to be Sited above Flood Level Read More
Data from Multiple Listing Services Network PIN shows inventory of single-family homes and condominiums in the Boston area are down 17 percent from last year, number of days on the market declined 12 percent from last year, and median prices are up ten percent. BostonHerald tells MHProNews.com no major downtown …
Jason Boehlert, vice president of government relations for the Manufactured Housing Institute (MHI), shown here explaining the landscape of legislative affairs inside the Washington, D.C. beltway at the MHI legislative session government affairs briefing Feb. 25. His presentation included pending legislation that would provide regulatory relief for the manufactured housing …
Boehlert Addresses MHI’s Winter Legislative Session Read More
The ChillicotheNews in Chillicothe, Missouri tells MHProNews.com a public hearing will be held by the city council to consider a zoning ordinance amendment so differentiation can be made between manufactured, mobile, and modular housing, and where they may be sited. City Engineer Ron Urton says the current ordinance is outdated …
The index of pending home sales according to the National Association of Realtors (NAR) rose to its highest level since April 2010 when home buyers could still take advantage of the tax credit, propelling the Dow Jones Industrial Average to flirt once again with the 13,000 mark. CNNMoney tells MHProNews.com …
Housing News Propels Dow; Housing Composite Moves Up Read More
The inventory of new homes on the market hit a new low in January, sinking to 151,000 units, equivalent to a 5.6 month supply, while sales of newly-built single-family homes in January declined by .09 percent from Dec. 2011. According to data from the U.S. Commerce Dept. and HUD, the …
In his annual letter to shareholders of Berkshire Hathaway, Warren Buffett, while noting the per share book value of their Class A and Class B stock gained 4.6 percent in 2011, says he jumped the gun on the housing recovery. As Business Insider tells MHProNews.com, “We have five businesses whose …
Bring your copy or buy The Manufactured Housing Revolution! with you to the Great Southwest Home Show in Tulsa on March 1st and 2nd, and L. A. ‘Tony’ Kovach will be happy to sign it for you. A number of pros asked for signed copies of the The Manufactured Housing …
The Dow remained essentially flat, down .01 percent, Friday while the Yahoo Finance Manufactured Housing Composite Index took another tumble, closing down nearly three percent. Fortunes smiled on some individual stocks, however, Affiliated Managers Group, Inc. added .91 cents (.86 percent) to close at $107.07; Clayton Homes, Vanderbilt Mortgage and …
Contrarian views about the 2012 Great Southwest Home Show have not matched up with the positive pre-show reports about the upcoming indoor manufactured housing trade show at the Quik-Trip Center in Tulsa, OK. Reports indicate that the show hotel has filled up on their space allocation early. Sources tell MHProNews.com …
OzarksFirst tells MHProNews.com the Federal Emergency Management Agency (FEMA) has begun selling some of the temporary manufactured housing units brought to Joplin, Missouri following the deadly hurricane that struck May 22, 2011. 586 total homes have been brought to Joplin, 470 of which remain occupied. Residents have 18 months to …
Turquoise Investments of San Antonio, Texas, will be providing modular housing units for oil field workers in west Texas if the Pecos Economic Development Council (PEDC) gets its way. According to CBS7KOSA, Pecos mayor Venetta Seals says people coming to town cannot find a hotel room. The Pecos City Council …
Modular Housing will Accommodate Oil Field Employees Read More
Good news from Germany’s economy and positive U.S. economic data powered all three indexes to positive news for the trading day. CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 46.02 points, + 0.36 percent, to close at 12,984.69. The Nasdaq gained 23.81 points, to end the day at …
Sun Communities, Inc., reports for the year ending 12-31-2011 its FFO (funds from operations) increased from $2.97 per diluted share in 2010 to $3.13 per share in 2011, a gain of 5.4 percent. Same site net operating income was up 3.6 percent. Revenue producing sites increased by 732 for year …
Bradenton tells MHProNews.com Lippert Components, the wholly-owned subsidiary of MH and RV component maker Drew Industries, Inc., acquired Euramax International, Inc.’s United States RV entry door business for $1.7 million. USRV has annualized sales of $6 million. Lippert paid $1.2 million and will pay the balance over the next three …
