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.
CNNMoney reports the Dow Jones Industrial Average gained for the third day in a row, moving up 183.38 points to close at 11,123.33, an increase of 1.68 percent, as investors were encouraged by the European Central Bank’s policy changes. The Yahoo! Finance Manufactured Housing Composite Value fell -0.75 % to …
Dow Climbs Third Straight Day, Housing Stocks Up and Down Read More
WorldPropertyChannel reports National Association of Home Builders (NAHB) assistant vice-president and economist Robert Dietz says eliminating or reducing the mortgage interest deduction (MID) would hurt the chances for younger families to buy homes, as well as damage the already shattered housing industry and the economy in general. Testifying before the …
BerksmontNews reports the MH retail business Leo Houck began along Old Route 22 west of Hamburg, Pennsylvania, is now located in Shoemakersville, just north of Reading, and is celebrating its fiftieth birthday. His daughter, Athian Wilson, took over the business after he passed away in 1973, and now operates it …
SustainableBusinessOregon reports Ideabox is developing a five-home neighborhood community based on the small homesite idea of manufactured housing communities. Founder and CEO Jim Russell says, “The goal was to take tiny lots and see what we can do with them. We’re trying to create a small, livable community. We wanted …
REJournals reports Atlanta-based broker ARA sold a manufactured housing community in Groveport, Ohio, to October Investment Properties LLC, of Chicago. The 126 homesite Greenfield Estates, an all age community, is sited on 20.5 acres in Groveport, Ohio, 11 miles southeast of downtown Columbus. Established by David Worth in 2001, October …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports that manufactured housing production for August 2011 increased six percent over August 2010, the first monthly increase in 12 months. Statistics from the department of Housing and Urban Development (HUD) show that HUD Code manufacturers produced 5,187 homes in August. Cumulative …
MHARR Notes Increased MH Production, Continues Call for Parity Read More
CNNMoney reports the Dow Jones Industrial Average gained 131.24 points (+1.21%) to close at 10,939.95, spurred on by business activity, and cautiously optimistic about the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value moved up slightly to 779.20, a gain of 1.11%. Affiliated Managers Group 78.40 +0.88 (+1.14%). …
Dow Adds to Yesterday’s Gain; Housing Stocks Close Mixed Read More
Cleantechnica reports on the winners of the U.S. Department of Energy’s 2011 Solar Decathlon held in the National Mall in Washington, DC. The homes featured were modular and prefabricated housing solar powered designs. The overall winner was Team Maryland (University of Maryland), as shown in the photo. “Maryland is a well-experienced …
2011 Solar Decatholon modular and prefab home winners Read More
MHProNews received a statement from Cavco CEO and Manufactured Housing Institute (MHI) Chairman Joe Stegmayer, announcing the departure of Thayer Long as MHI’s executive director. Per Stegmayer’s statement, “As announced today at the MHI Board Meeting in Phoenix, Thayer Long will be leaving MHI to pursue another opportunity. Over the …
MHProNews.com has learned that the PAC drive results are in from the Texas Manufactured Housing Association’s (TMHA) annual meeting and from the Manufactured Housing Institute’s (MHI) annual meeting. Executive Director DJ Pendleton’s office at the TMHA reports that their recently concluded annual meeting raised over $50,000 for the TMHA PAC …
JapanTimes reports on the strengths of their nation’s modular and prefabricated new home industry, what they sometimes refer to as ‘manufactured homes,’ even though they don’t have any relationship to U.S. HUD Code homes. There are 10 major players in the Japanese factory built housing market. Their homes tend to …
LJWorld reports that Gaslight Village Mobile Home Park in Lawrence, KS is under contract to be sold for redevelopment, a decade after the community was split to allow construction of a Best Buy, Home Depot and other commercial development northeast of 31st and Iowa streets. Edwardsville-based Mid-America Manufactured Housing Communities, …
200+ site manufactured home community may be sold and redeveloped Read More
CNNMoney reports that the Dow closed up today at 10,821.88 +166.58 ( +1.56%). The Yahoo! Finance Manufacutured Housing Compositive value jumped sharply, closing at 770.7 (+10.30%). Affiliated Managers Group 77.57 +4.69 (+6.44%). Clayton Homes, Vanderbilt Mortgage & Finance and other MH building, lending and housing supplier parent company Berkshire …
DJC reports that King County Housing Authority in Washington state has announced the financing of infrastructure and commons improvements at the Wonderland Estates manufactured home community. The 109 space ‘mobile home park’ will receive up to $4 million in financing by leveraging public funds with private equity. The authority …
Housing Authority to finance upgrades for manufactured home community Read More
PostandCourier reports that Nick Kremydas, Chief Executive Officer of South Carolina Realtors said: “Our national association says these next 100 days could be a real turning point, or a critical time when the government and these agencies failed to respond to the crisis.” “This is by far the most extreme …
Kremydas says next 100 days in DC critical for housing recovery Read More
TimesRecord reports that Maine’s Attorney General William Schneider announced the sentencing of Tammy Barker for misappropriating funds from the sales of 17 ”mobile homes” from Brunswick Naval Air Station in Maine. The factory built homes were entrusted to Barker “on consignment from 2005 through 2006,” according to the Maine AG’s office. The …
TheStreet reports that in this “buyers market,” with pre-owned homes in competition against new or newer housing, some savvy basic strategies can make the difference in how fast your home sells. “It’s all about supply and demand,” says Elizabeth Mendenhall, CEO of Columbia, Mo.-based Remax Boone Realty and a National …
Warren Buffett’s views on investing in REITs and Real Estate. This opens with a discussion on large vs. small caps, to which Buffett states, that the only thing that matters to us is do we understand the business, do we like the people running it and does it sell for …
Warren Buffett’s views on investing in REITs and Real Estate Read More
CNNMoney reports that the Dow dropped 258.08 (-2.36%) to close at 10,655.30. This marks a 1 year change of -1.61% and a year-to-date decline of -7.97%. The Yahoo! Finance Manufactured Housing Composite Value dropped under 700, closing at 698.7 (-5.65%). Affiliated Managers Group 72.88 -5.17 (-6.62%). Clayton Homes, Vanderbilt Mortgage …
4th Quarter opens down on Dow, MH Composite slides Read More
UPI reports that on October 1, the temporary higher loan limits passed on FHA loans expired, moving the top finance amount from $729,750 down to $625,500. “NAR (National Association of Realtors) is continuing to working closely with members of Congress and a coalition of industry partners to have the higher …
Loan Limit drop harms housing values and finance access in 42 states Read More
