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.
Frontier Communications Corp. of Stamford, Conn. donated $10,000 to the RV/MH Hall of Fame in Elkhart, Ind. according to RVBusiness. A major provider of communications products to northern Indiana consumers, according to Tom McNulty, executive director and president of the museum, the funds will help maintain the financially struggling facility. …
AZCentral tells MHJProNews.com that Phoenix-based Cavco Industries, Inc. reported at its earnings webcast Feb. 2 its profits mushroomed compared to last year. Net income for the third quarter 2012 which ended Dec. 31 was $1.68 million, or .24 cents a share, as opposed to $24,000 for the same period a …
Federal Reserve Chairman Ben Bernanke told Congress full economic recovery may be three years away. Although noting some signs of improvement, his comments elicited speculation that the Fed may stimulate the economy if it deteriorates further. CNNMoney tells MHProNews.com earlier in the day the Dow Jones Industrial Average hit 12,740 …
Investors Shy Away from Market Following Bernanke’s Caution Read More
Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the …
Stocks closed higher Wednesday with positive data on manufacturing pushing the Dow up more than 100 points mid-day. The Yahoo Finance Manufactured Housing Composite Index ended the day up nearly three percent. Manufactured housing stocks enjoying hump day gains include Allied Management Group, up $2.90 (2.89 percent) to $103.41. Clayton …
Bill Dahlin of the Hart, King & Coldren law firm in California has notified MHProNews.com of its success in finally achieving a rent increase for Brentwood Mobilehome Park in Chula Vista, CA. The San Diego County Superior Court approved a $78.00 a month permanent rent adjustment which the city’s Rent …
KTVUTV in Springfield, Missouri tells MHProNews.com a woman who collected money for the sale of modular and manufactured homes she never delivered has been sentenced to eight years in prison. Convicted in October on seven counts of fraud, Edna Kay Jackson, owner of Dogwood Homes, allegedly swindled eleven Dogwood customers. …
Modest good news from Europe concerning the debt crisis stoked the Dow Jones Industrial Average early today, but disappointing manufacturing and real estate news pushed the Dow to lose 20.81 points, closing at 12,632.91. The Nasdaq gained +0.07 percent while the S&P lost -0.05 percent, according to CNNMoney. However, it …
Best January Dow Since 1997; Patrick Gains Nearly Eight Percent Read More
Newswire from Canada tells MHProNews.com eight leading Saskatchewan credit unions are teaming with the HeadStart on a Home program to provide down payment loans for entry -level buyers to purchase a home. The loans are repayable within five years at Credit Union prime. This $200 million program will provide 1,000 …
Investors tells MHProNews.com the rise in rents may make some people think twice about renting as opposed to buying. The average rent of $1,016 in 2009 will hit 1,101 this year, according to Marcus and Millchap’s 2012 National Apartment Report. Analysts expect it will rise four percent next year. As …
NationalMortgageNews has informed MHProNews.com FiServ chief economist David Stiff says actual improvement in housing prices is still a year away, when he expects prices to rise four percent. The Fiserv Case-Shiller house price index indicates prices will fall 2.7 percent through the third quarter 2012. Meanwhile, buying a home has …
Joe Kelly, executive vice-president of the Manufactured Housing Association of Iowa (MHAI) tells MHProNews.com a bill approved by the Senate Judiciary committee would require a community owner to provide a legitimate reason for terminating a resident or refusing to renew a lease. Introduced by state attorney general Tom Miller, it …
Republican Presidential hopeful Mitt Romney campaigned in The Villages in Ocala, Florida, the largest age restricted active adult community in the world, 55 and better, with nearly 75,000 homes spanning three counties. The Villages website depicts numerous manufactured homes among the housing options. MHProNews.com has been informed it is a …
Gingrich Would Repeal Dodd-Frank; Romney Courts MH Seniors Read More
The Recreational Vehicle/Manufactured Housing Heritage Foundation has announced to MHProNews.com its annual inductees into the RV/MH Hall of Fame to honor those who have made significant contributions to the industry. This year marks the 40th anniversary of the awards, to be held in Elkhart, Indiana, Aug. 6, 2012. The inductees …
CNNMoney tells us with Greek leaders still not reaching a debt relief bill, investors regained some of last week’s losses but continued to shy away from the market as the Dow Jones Industrial Average lost -6.74 points, -0.05 percent, to close at 12,653.72. The NASDAQ fell -0.16%, while the S&P …
Dow Loses One-half Percent; Housing Stocks Mostly Slip Read More
MHProNews.com hears from Canada there has not been a better time to buy a home in nearly 30 years. Mark Weisleder says in TheSpectator in Hamilton, Ontario, Canada, mortgage rates are at an all-time low, the political and social climates are stable, as is the real estate market. According to …
MarketWatch informs MHProNews.com that Drew Industries, Inc., will release its Q4 2011 results Monday, Feb. 13 before the market opens, and at 11 AM eastern time that same morning host a conference call to discuss those results. Q and A session will be limited to institutional investors and analysts. Others …
KentonCountyFox19 tells MHProNews.com Betty C. Whitaker, of Frankfort, Kentucky, the executive director of the Kentucky Manufactured Housing Institute (KMHI), has been appointed to the High Performance Buildings Advisory Committee by Governor Steve Behsear. A measure passed by the state legislature requires all renovated and new buildings for which the sate …
HousingWire tells MHProNews.com Wednesday’s hearing before the House Financial Services Committee will feature John Bostick, Chairman of the Manufactured Housing Association for Regulatory Reform (MHARR), and president of Sunshine Homes. He will testify how HUD’s failure to implement certain provisions of the Manufactured Housing Improvement Act of 2000 has hindered …
With the explosive growth in the demand for quarters and camps for the oil and gas industry, Ramtech Building Systems of Mansfield, Texas announced recently that the company is expanding their existing line of product offerings to provide additional modular buildings that will meet the rigors of working in remote, …
Ramtech Building Systems Adds New Breed of Modular Read More
