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.
MHProNews has learned from the Orlando Sentinel that a developer who was denied the right to site 1,500 manufactured homes in Volusia County on Florida’s east coast on a 1,033 acre tract in 2002 is trying again. Plantation Oaks of Ormond Beach LLC would border a very scenic route of …
The U. S. stock markets are closed today, Jan. 16, in observance of Martin Luther King, Jr. Day. The markets will open again tomorrow at 9 AM for regular trading hours. (Photo credit: NYSE/Wikipedia)
In speaking to a packed room at the Louisville Manufactured Housing Show Jan. 12, Joe Stegmayer, CEO of Cavco/Fleetwood and MHI Chairman told attendees about the ongoing efforts of MHI to advance the Industry’s agenda in Washington. Stegmayer spoke of the critical nature of involvement by state associations, because “all …
MHProNews.com has learned from MassLive the Blu Homes factory in East Longmeadow, Massachusetts, which opened in 2010, has closed and production facilities have relocated to Vallejo, California. While the sales office and design studio will remain in Waltham, MA, spokeswoman Dana Smith says, “It’s not about what went wrong in …
Longtime industry member, and president and founder of McDonald Modular Solutions (MMS), Inc., Bruce E. McDonald, 72, passed away in Birmingham, Michigan, Jan 10, 2012. He entered the family business in 1962, and by 1968 was converting used mobile homes into offices. He was credited with pioneering modular buildings for …
At the Louisville Manufactured Housing Show, Jason Boehlert, Vice President of Government Affairs for MHI, responding to a question from MHProNews.com about the possibility of altering the provisions of Dodd-Frank that negatively impact the MH industry, said, “Where a lot of these measures fail in reforming Dodd-Frank is when they …
According to an October survey of 1,500 homeowners conducted byYahoo Real Estate, Origination News tells MHProNews.com one-third of the respondents know someone who has been through foreclosure, and 51 percent say the federal government should do more to assist distressed borrowers. Twenty-seven percent said the government should do no more, …
Half of Survey Respondents Want Energy Efficient Home Read More
As a follow-up to our story Nov 8. 2011, MHProNews.com has learned from MLive in Michigan that the first phase of the Smith Village Neighborhood development of 27 modular homes was completed as scheduled, Dec. 31, 2011. Champion Homes and Russell Building Group are constructing 83 dwellings in Flint, MI …
The Motley Fools’ Robert Eberhard tells MHProNews.com an investment in Berkshire Hathaway (NYSE:BRK-B) stock benefits from being a company, or stock, hand-picked by Warren Buffett. Eberhard compares it to investing in a no-loan mutual fund. The stock is less expensive than it has been recently, and Berkshire’s board has authorized …
Stocks moved down slightly as investors witnessed a fall in fourth quarter earnings for JPMorgan Chase and the credit rating for several European countries was downgraded. CNNMoney reports the Dow Jones Industrial Average lost 48.96 points, -0.39 percent, to close at 12,422.06. The NASDAQ fell -0.51%, and the S&P dropped …
Dow Slips at Week’s End; Housing Stocks Close Mixed Read More
RVBusiness tells MHProNews.com Sun Communities, Inc. is offering four million shares of its common stock at $35.50 per share, a sale that is set to yield $142 million. As part of the underwritten registered public offering, Sun has granted the underwriters a 30-day option to purchase 600,000 additional shares. The …
MHProNews.com has learned from NationalMortgageNews that Richard Cordray, the new head of the Consumer Financial Protection Bureau (CFPB), says the agency will review procedures used by nonbank mortgagers and servicers beginning next month. Examination procedures have been published, and companies will be notified before the examination to make certain they …
Following positive future markets, the stocks spent much of the day in the red, but crossed over to bring a positive finish. The Yahoo Finance Manufacture Housing Composite did even better, adding almost two percentage points. Stocks ending the day higher include Berkshire Hathaway, parent company to Clayton Homes, Vanderbilt …
Stocks were mixed during hump day trading with the Dow losing 13 points and the Nasdaq gaining eight. The Yahoo Finance Manufactured Housing Composite bested both, marking a 1.5 percent advance in value. Advancers include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing …
MHProNews reports that light rain has not slowed a strong start to the 2012 Louisville Manufactured Housing Show. A room capacity crowd attended the first finance forum panel. The lenders reported a wide variety of financial programs. The Show runs through Friday at noon. Finance forum first seminar
The National Association of Home Builders (NAHB) has teamed with the National Football League Players Association (NFLPPA) to help those in need through Touchdown for Homes. “NAHB’s home builder members are honored to partner with former NFL players to provide children, families and veterans with safe, comfortable housing opportunities,” said …
Gains in global markets, and optimism about corporate reports and the Euro debt crisis helped push the Dow Jones Industrial Average up 67.44 points, +0.54 percent, to end the day at 12,460.13, according to CNNMoney. The Yahoo! Finance Manufactured Housing Composite gained +0.92 percent to close at 753.30. Tracked housing …
Every day, 480,000 school buses carry 26 million children to school and school-related activities. School Transportation News tells MHProNews.com since 2006, the manufacture of school buses has declined 37 percent. School funding is tied to property taxes. As homes are abandoned and property values fall, tax collections decline, which tightens …
According to CoreLogic’s Home Price Index, home prices for November 2011 fell 4.3 percent compared to November 2010. For the fourth consecutive month in a row home prices declined, falling 1.4 percent October to November, 2011. Mark Fleming, CoreLogic’s chief economist, is quoted in HousingWire saying, “With one month of …
The National Association of Home Builders (NAHB) tells MHProNews.com that its First American Improving Markets Index (IMI) indicates the number of housing markets registering measurable improvement now numbers 76, up from 41 in December, 2011. The index measures housing permits, employment, and house prices for six months in a row …
