Manufactured and Modular Housing News

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.

Dow Waddles Down, Housing Stocks End Month Mixed

CNNMoney reports Fred Dickson, chief market strategist at D.A. Davidson, says the market has declined in May in three out of the last four years, and this one is no exception. The Dow Jones Industrial Average ended the month with a quiet whimper, losing -0.21 percent, 26.41 points, to end […]

Dow Waddles Down, Housing Stocks End Month Mixed Read More

Another Formaldehyde Case Settled

An estimated 60,000 plaintiffs who lived in Federal Emergency Management Agency (FEMA) trailers following the 2005 hurricane season may share in the most recent settlement of $5 million for injuries due to inhaling formaldehyde that oozed out of the interior walls. RVBusiness says according to court filings May 29, 2012

Another Formaldehyde Case Settled Read More

Want Higher Home Prices? Bring in Walmart

CNNMoney reports two economist have studied 600,000 housing transactions near 159 new Walmart stores and determined home prices rose 2-3 percent in the two and a half years following the opening of a new Walmart within half a mile. Economists Jaren Pope at Brigham Young University and Devin Pope at

Want Higher Home Prices? Bring in Walmart Read More

European Woes Worries Dow; Many Tracked Housing Stocks Follow

CNNMoney reports investors shied away from the stock market as fears rose anew concerning the possible failure of Spain’s banking system, leading to a rush of investments in U.S. Treasuries. The Dow Jones Industrial Average dropped a little more than what it gained yesterday, falling -160.83 points, -1.28% percent, to

European Woes Worries Dow; Many Tracked Housing Stocks Follow Read More

Foreclosures Completed Decline

HousingWire says CoreLogic reports half of the 66,000 foreclosures completed in April were from five states: California, Florida, Michigan, Texas and Georgia, in that order. The National Foreclosure Report says the April rate compares to 78,000 a year ago. Since the housing downturn in Sept. 2008 3.6 million foreclosures have

Foreclosures Completed Decline Read More

MHC Development Denied Again

LivingstonDaily in Michigan reports Mike Hendee has been trying to develop his 144-acre site halfway between Lansing and Detroit into a 498 site manufactured housing community since 2002. Favorable rulings by the Livingston County Circuit Court and the Michigan Court of Appeals were overturned by the state supreme court which

MHC Development Denied Again Read More

Canadian MHC to Close

UpdatedNews reports from Abbotsford, British Columbia, Canada residents of Garden Village MHC have been told their community will be closed and the land will be redeveloped. The owners have offered each homeowner $11,000, twice what the government requires, but some of the more recent arrivals say they have spent upwards

Canadian MHC to Close Read More

Single-family Lending Soars

OriginationNews tells MHProNews.com according to the Federal Reserve, single-family loans lending by the 25 largest banks has spiked this quarter, increasing $11.2 billion, at an annualized rate of 56 percent, to a non-seasonally-adjusted total of $4 trillion for the week ending May 9. Home mortgage lending was just below 40

Single-family Lending Soars Read More

Housing Stocks We Follow Close Up 1% or Better

All three indexes gained one percent or better today as investors did not receive negative news from Europe, and hopes abound that China will support its economy. CNNMoney tells us the Dow Jones Industrial Average moved up 1.01 percent, 125.86 points, to close at 12,580.69. The Nasdaq gained 1.18 percent

Housing Stocks We Follow Close Up 1% or Better Read More

Modular Community: Second Attempt

Following a story we wrote May, 8 2012 concerning a plan to replace 125 factory-built homes at the Wagon Wheel Village MHC in Box Elder, South Dakota with 166 modular units, we learn owner Bob Akers is returning to the Planning and Zoning Commission with revised plans, according to the

Modular Community: Second Attempt Read More

Modular Shipments Rise Q1

The National Modular Housing Council reports shipments of new modular homes rose 18.7% compared to the first quarter 2011, hitting 2,922. Shipments by state relative to the first quarter last year indicate 16 states received more than last year, three received fewer homes, and 12 states experienced no significant change.

Modular Shipments Rise Q1 Read More

Home Building Market in Phoenix Rises

The lights in the housing market in Phoenix suddenly became very bright, according to a report from Keefe, Bruyette, and Woods (KBW) that HousingWire picked up. Following discussions with home builders, banks, and developers, KBW says new home building permits are expected to rise 50 percent in 2012 , as

Home Building Market in Phoenix Rises Read More

Rent ‘Decontrol’ on Ballot

Reporting on a story we have been following since May 2011, NCTimes says rent control supporters in Oceanside, California have been out in numbers demonstrating against Proposition E, a measure that will phase out rent control in all 17 of the city’s MHCs, to be decided by voters in a

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Second Stone Creek Plant Folds

MHProNews.com reported in a story earlier today a Stone Creek Homes facility in Marshall County, Indiana south of South Bend abruptly closed its doors earlier this week, allegedly with no advance warning and without paying the 40 employees. Now word comes to us from WOWT-TV that the Stone Creek Homes

Second Stone Creek Plant Folds Read More

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