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.
U.S. and Chinese manufacturing data helped stocks get off to a good start Monday. The Dow gained four tenths of one percent and the Yahoo Finance Manufactured Housing Composite Index gained more than one percent. Rising with markets Monday were Affiliated Managers Group, up 1.66 (1.48 percent) to $113.47; Clayton …
The Dow moved higher Friday and logged its best quarterly gain in almost 14 years. For the quarter, the Dow jumped 8.14 percent, the S&P 500 surged 12.00 percent, and the Nasdaq soared 18.67 percent. The Yahoo Finance Manufactured Housing Composite Index also gained three quarters of a percent. Manufactured …
Stocks spent most of the day in the red, but the Dow managed to log a small gain by the closing bell. Manufactured Housing stocks, however saw no such turn-a-round and lost much of what they gained Wednesday. The Yahoo Finance Manufactured Housing Composite Value closed down 2.4 percent. Stocks …
OriginationNews tells MHProNews.com Peter Carroll, the acting assistant director for the Consumer Financial Protection Bureau (CFPB) in charge of the Office of Mortgage Markets, is examining the Federal Reserve’s loan officer (LO) compensation rule. Jurisdiction for the rule was moved to the CFPB in July 2011 from the Fed’s control …
As follow-up to a story we published Feb. 24, 2012, homeowners in the 17 MHCs in Oceanside, California who have homesites under rent control might see their rents rise by 2.25 percent as of July 1, the NCTimes tells MHProNews.com. According to the rent control ordinance of 1984, community owners …
Stocks closed lower Wednesday following a decline in energy prices, but the Yahoo Finance Manufactured Housing Composite Index ended the day nearly three percent higher. Individual stocks that logged gains include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire …
7ThSpaceInteractive reports from eastern North Carolina 76 of the 194 families who received Federal Emergency Management Agency (FEMA) manufactured homes following Hurricane Irene in Aug. 2011 have been able to move into permanent homes. At first, the FEMA homes were not allowed to be sited in low-lying hazard areas given …
Devereaux Homes and Developments in Regina, Saskatchewan, Canada is busy assembling multi-unit modular apartments at Sky Harbour Estates. CEO Denis Jones says while single-family and two story modular building has been around a long time, it’s only recently the technology has been applied to multi-unit developments. Upon completion, Sky Harbour …
The California Association of Realtors (CAR) says pending home sales increased for the second straight month in Feb. Equity sales comprised 51.1 percent of home sales in Feb., a slight increase from 49.9 percent the prior month, and 44.8 percent a year ago. According to NationalMortgageNews distressed property sales statewide …
ParkingNetwork tells MHProNews.com private equity real estate investment firm Green Courte Partners announces the appointment of Marnie Helfand as managing director. Having joined Green Courte in 2008 as a senior associate, she was promoted to Vice President, Capital Markets in 2009, and in her new post she will lead the …
OriginationNews tells MHProNews.com FHA-backed single-family mortgages fell almost ten percent in Feb. from the previous month as lenders originated $16.5 billion in loans. According to HUD, lenders originated $8.4 billion of FHA loans and $6.8 billion of refinanced loans. Purchases fell 18 percent from January. Funding of reverse mortgages totaled …
SeekingAlpha reports the manufactured housing industry sub-sector is the smallest sector in the FTSE NAREIT Index. MHProNews.com says the Index has different methods to rate the performance of commercial real estate investment and property sectors. It notes as of the end of Feb. 2012, there were 126 equity REITs (real …
As home prices fell for the fifth consecutive month, hitting their lowest point since Q4 2002, investors shied away from urging the market higher. CNNMoney tells MHProNews.com all three markets lost ground today, as the Dow Jones Industrial Average dropped -43.90 points, -0.33 percent, to close at 13,197.73. The Nasdaq …
Investors Cautious, Housing Stocks Mixed, Patrick Gains Read More
At a League of Women Voters (LWV) forum on affordable housing in Midland, Texas, it was noted the housing shortage is evidenced in the availability of only 150 homes for sale in this west-central city of over 100,000. A one bedroom apartment now costs $900/month, and the increase each time …
In a press release, MarketWatch says NADAguides Manufactured Housing CONNECT provides instant valuation of homes from 1963-2012, in a web-based application, with adjustments for geographic location, community and loan valuation guidelines, condition, accessories, and repairs needed. The guide helps lenders, retailers and community owners evaluate MH. The release says NADAguides …
AL reports over 80 percent of the residents of Madison County, in northern Alabama, live in large apartment complexes, often with extensive amenities for the government contract workers in Huntsville. As a result, according to the U.S. Census, only 5.5 percent of the county live in manufactured housing, which distinguishes …
WickedLocal tells MHProNews.com Massachusetts State Sen. Marc R. Pacheco has scheduled a forum March 30 in Middleborough in the southeastern part of the state to review manufactured housing laws. In coordination with the attorney general’s office and the Department of Housing and Community Development, this forum will be for Plymouth …
From the headquarters in Concord, New Hampshire of ROC (resident-owned communities) USA, LLC President Paul Bradley informs MHProNews.com Michael Bullard has joined the ROC team as Communications and Marketing Manager effective April 9, 2012. For nearly ten years Bullard has been Executive Editor of the Cecil Whig newspaper in Cecil …
StLToday says the Joplin Globe reports some homeowners in tornado-ravaged Joplin, Missouri are up in arms because modular homes are being sited next to more expensive houses. In one case a Habitat for Humanity low-income home was built across from a $280,000 house, and a modular home of lesser value …
In the biggest gain since Jan. 3 when the Dow rose 180 points, CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 160.90 points, + 1.23 percent, to close at 13,241.63, as Fed Chairman Ben Bernanke indicated to a group of economists the interest rate will remain low for …
Dow Posts 2nd Biggest Gain of Year; UMH and Patrick Rise as Well Read More
