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.
Although orders for durable goods fell last month by four percent, the sharpest drop in three years, improved perception of the job market contributed to consumer confidence rising to its highest level in a year, according to what the LATimes is telling MHProNews.com. Economists expected the durable goods orders to […]
Rise in Consumer Confidence, but Economy Continues to Falter Read More
From north of the border Sys-Con says Innovative Composites International, Inc. (ICI) has inked a deal to provide RedLeaf Homes, Ltd. with modular housing to distribute to mining camps, First Nations, and in other rural areas. RedLeaf will maintain exclusivity providing they generate $5 million worth of revenue annually. ICI’s
ICI and RedLeaf Homes Team Up Read More
Under a deadline set by the Federal Emergency Management Agency to change the city’s flood ordinance or lose the right for residents to obtain federal flood insurance, the city council of Denham Springs, Louisiana, approved changes to its flood ordinances. New construction and substantial improvements to a property within the
New Ordinance: Manufactured Homes to be Sited above Flood Level Read More
Data from Multiple Listing Services Network PIN shows inventory of single-family homes and condominiums in the Boston area are down 17 percent from last year, number of days on the market declined 12 percent from last year, and median prices are up ten percent. BostonHerald tells MHProNews.com no major downtown
Boston Poised for Housing Recovery? Read More
Jason Boehlert, vice president of government relations for the Manufactured Housing Institute (MHI), shown here explaining the landscape of legislative affairs inside the Washington, D.C. beltway at the MHI legislative session government affairs briefing Feb. 25. His presentation included pending legislation that would provide regulatory relief for the manufactured housing
Boehlert Addresses MHI’s Winter Legislative Session Read More
The ChillicotheNews in Chillicothe, Missouri tells MHProNews.com a public hearing will be held by the city council to consider a zoning ordinance amendment so differentiation can be made between manufactured, mobile, and modular housing, and where they may be sited. City Engineer Ron Urton says the current ordinance is outdated
City Updates MH/Mod Ordinance Read More
The index of pending home sales according to the National Association of Realtors (NAR) rose to its highest level since April 2010 when home buyers could still take advantage of the tax credit, propelling the Dow Jones Industrial Average to flirt once again with the 13,000 mark. CNNMoney tells MHProNews.com
Housing News Propels Dow; Housing Composite Moves Up Read More
The inventory of new homes on the market hit a new low in January, sinking to 151,000 units, equivalent to a 5.6 month supply, while sales of newly-built single-family homes in January declined by .09 percent from Dec. 2011. According to data from the U.S. Commerce Dept. and HUD, the
Inventory and Sale of New Homes Drop Read More
In his annual letter to shareholders of Berkshire Hathaway, Warren Buffett, while noting the per share book value of their Class A and Class B stock gained 4.6 percent in 2011, says he jumped the gun on the housing recovery. As Business Insider tells MHProNews.com, “We have five businesses whose
Oracle of Omaha Errs Read More
Bring your copy or buy The Manufactured Housing Revolution! with you to the Great Southwest Home Show in Tulsa on March 1st and 2nd, and L. A. ‘Tony’ Kovach will be happy to sign it for you. A number of pros asked for signed copies of the The Manufactured Housing
The Dow remained essentially flat, down .01 percent, Friday while the Yahoo Finance Manufactured Housing Composite Index took another tumble, closing down nearly three percent. Fortunes smiled on some individual stocks, however, Affiliated Managers Group, Inc. added .91 cents (.86 percent) to close at $107.07; Clayton Homes, Vanderbilt Mortgage and
Stocks Remain Flat Through Most of Friday Read More
Contrarian views about the 2012 Great Southwest Home Show have not matched up with the positive pre-show reports about the upcoming indoor manufactured housing trade show at the Quik-Trip Center in Tulsa, OK. Reports indicate that the show hotel has filled up on their space allocation early. Sources tell MHProNews.com
Hundreds of Pros Tulsa Bound Read More
OzarksFirst tells MHProNews.com the Federal Emergency Management Agency (FEMA) has begun selling some of the temporary manufactured housing units brought to Joplin, Missouri following the deadly hurricane that struck May 22, 2011. 586 total homes have been brought to Joplin, 470 of which remain occupied. Residents have 18 months to
Bid Online for FEMA Home Read More
Turquoise Investments of San Antonio, Texas, will be providing modular housing units for oil field workers in west Texas if the Pecos Economic Development Council (PEDC) gets its way. According to CBS7KOSA, Pecos mayor Venetta Seals says people coming to town cannot find a hotel room. The Pecos City Council
Modular Housing will Accommodate Oil Field Employees Read More
Good news from Germany’s economy and positive U.S. economic data powered all three indexes to positive news for the trading day. CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 46.02 points, + 0.36 percent, to close at 12,984.69. The Nasdaq gained 23.81 points, to end the day at
MH Composite and Skyline Post Nice Gains Read More
Sun Communities, Inc., reports for the year ending 12-31-2011 its FFO (funds from operations) increased from $2.97 per diluted share in 2010 to $3.13 per share in 2011, a gain of 5.4 percent. Same site net operating income was up 3.6 percent. Revenue producing sites increased by 732 for year
Bradenton tells MHProNews.com Lippert Components, the wholly-owned subsidiary of MH and RV component maker Drew Industries, Inc., acquired Euramax International, Inc.’s United States RV entry door business for $1.7 million. USRV has annualized sales of $6 million. Lippert paid $1.2 million and will pay the balance over the next three
Chicago-based Green Courte Partners, LLC, has confirmed the new managing director of their MHC acquisitions arm, Bill Glascott, is moving over from a similar position he held at Hometown America, LLC, a company Green Courte’s Chairman Randy Rowe helped found. MarketWatch tells MHProNews.com during his twelve years at Hometown Glascott
Personnel in Focus: Bill Glascott Read More
The Metropolitan Indianapolis Board of Realtors (MIBOR) reports sales of existing homes climbed 28 percent from a year ago Jan. to 1,344 Jan. 2012. IndyStar says the median price of sold homes increased 4.7 percent to $116,213. However, discounting also rose as home sellers received 88.9 percent of their list
Home Sales Climb in Indianapolis Read More
Stocks declined Wednesday in response to economic reports and while one of those reports showed gains in home sales, several prominent site builders including Toll Brothers and KB Homes saw share price declines. The Yahoo Finance Manufactured Housing Composite Value lost more than four percent. Losing ground Wednesday were Affiliated
Stocks Decline Wednesday Read More
