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.
According to research done by Moody’s Analytics and Equifax, the total balance of outstanding home loans dropped $1 trillion, 10.4 percent, in the last four years, an indication of consumers getting rid of debt. Although mortgage rates are at historic lows, credit remains tight, which MHProNews.com has learned could be […]
Good News, Bad News… Read More
CNNMoney tells MHProNews.com the Dow Jones Industrial Average nosedived as investors responded to weak economic data from Europe and backed off. Despite the Dow losing 203.66 points, 1.52 percent, and closing at 12,759.15, the Dow is actually up 4.4 percent for the year. The Nasdaq also dropped, falling 40.16 points
Housing Stocks, MH Composite, & Dow All Drop Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews.com according to the Department of Housing and Urban Development (HUD) statistics, the MH industry posted its sixth straight month of production increase. Numbers for Jan. 2012 show HUD Code manufacturers produced 3,983 homes, a 42.5 percent gain over the
MH Totals Increase for Sixth Successive Month Read More
The Senate Banking Committee was told by the National Association of Federal Credit Unions (NAFCU) of their opposition to mortgage reform that would eliminate the federal guarantee on mortgages through Fannie Mae and Freddie Mac and other GSEs (government-sponsored enterprises). The plan originally endorsed by the Obama administration would promote
Credit Unions Testify at Senate Banking Hearing Read More
BusinessWire tells MHProNews.com RW’s middle east division, RW Middle East in the United Arab Emirates (UAE), has constructed the first modular concrete villa in Samawah City in Iraq. RW shipped the formwork from Pennsylvania to southern Iraq where supervisors trained Iraqi workers to construct the dwelling using local materials and
U.S. Firm Builds Concrete Modular Homes in Middle East Read More
The Pallet-House has designed transitional, modular dwellings utilizing the pallets on which emergency food, clothing, and other supplies are delivered to disaster scenes for as little as $500. TreeHugger says the pallets can also be re-made into compact, affordable housing for up to $3000 using a few power tools. The
Modular Catastrophe Shelter for $500? Read More
Western U.S. supplier of axles, tires and set-up equipment to the manufactured housing industry, T.J.T., Inc., of Eagle, Idaho announced the opening of its new axle recycling plant in Emmett ID. The company’s president and CEO, Shawn King, sates, “We designed and built a modern, safe, and much more productive
MH Service Provider Opens New Recycling Plant Read More
WillistonHerald in North Dakota reports that Rugby Homes, in business since 1963 and selling RVs in Williston for six years, has hired a full time salesman to sell modular and manufactured housing for the North Dakota-based company. The oil boom in the area, as we have reported previously, has created
RV Dealer Adding HUD & MOD Read More
According to InsideIndianaBusiness, MH component manufacturer Patrick Industries, Inc. of Elkhart, Indiana has acquired Décor Mfg LLC for $4.4 million. Todd Cleveland, president and CEO of Patrick, says of the Tualatin, Oregon company: “The Oregon market is significant in terms of RV market potential as it relates to overall Northwestern
Patrick Acquires Décor Read More
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged down on reports that China lowered its anticipated market growth. Last year it grew 9.5 percent, but is not expected to exceed 7.5 percent this year. The Dow lost -0.11 percent to end the day at 12,962.81. The Nasdaq moved down
Cavco Ind. and MH Composite Gain while Dow Stutters Read More
DSNews tells MHProNews.com the loosening of credit this year will lead to the end of the housing crisis, according to analytics firm Capital Economics. Noting the consistency of credit scores and credit requirements over the past year, banks now lend up to 3.5 times borrower earnings, up from 3.2 times
Is the End (of the Housing Crisis) Near? Read More
Global Industry Analysts, Inc. estimates the global prefabricated housing market will hit 829,000 units by 2017. DigitalJournal tells MHProNews.com the U.S. and UK have the majority share of the market, but Australia and New Zealand are the pioneers in the Asian market, although Japan, China, Taiwan and Korea have burgeoning
Study Predicts the Rise of Prefab Globally Read More
A credit union in Michigan is reaching out with their Turning Point Home Loan to people with lower credit scores but with enough financial stability worth the risk. Michigan First CU’s vice president of lending, Chris Maynard says, “Take members who lost their job at the height of the financial
Credit Union Loaning to Lower Denominator Read More
Stocks closed modestly lower Friday with most manufactured housing and related stocks following suite. The Yahoo Finance Manufactured Housing Composite Index also closed down– by more than three percent. Individual stocks closing lower include Allied Managers Group, down .36 cents (.33 percent) to $107.63; Clayton Homes, Vanderbilt Mortgage and Finance,
Stocks End the Week Lower Read More
For the past several years MHC residents have sought legislation in the Utah legislature to help deal with community owners who they allege threaten to evict them if they try to organize a homeowners association, sltrib tells MHProNews.com. The Republican dominated House Business and Labor Committee voted along party lines,
Manufactured Home Owners Turned Back Again Read More
ClosetsDaily tells MHProNews.com Salem, Oregon modular home builder Ideabox offers factory-built homes designed to incorporate IKEA interiors. Working with an IKEA dealer in Portland, OR, co-owner Cindy Russell says, “We design the layout and our clients can select the colors. Homes are complete when they leave the factory, ready to
Factory-built Homes Outfitted with IKEA Interiors Read More
Positive news about jobless claims and retail spending initially sent the market up, but an index of manufacturing activity tempered the news, although the Dow Jones Industrial Average still managed to climb 28.23 points, +0.22 percent, to end the day at 12,980.30, according to CNNMoney. The Nasdaq moved up +0.74
Dow Edges Up, MH Composite Moves Down, Tracked Housing Mixed Read More
MHProNews.com has learned a National Modular Housing Council report indicates shipments for modular homes were up 7.9 percent fourth quarter 2011 over the same period 2010, to 3,030 units. During that year, eleven states showed increases, eleven had decreases, and seven states had insignificant change. Nebraska, Maryland, Texas, and Virginia
Modular Shipments Rise Read More
The Great Southwest Home Show opens today at the QuikTrip Center in Tulsa with dozens of the newest manufactured homes on display from the nation’s top builders, vendors offering support product and services, and seminars and workshops dealing with financing, attracting new clients, appraisals, MHC management, and expanding your inventory
Showtime in Tulsa!! Opening Day at the Home Show Read More
IndyStar reports that Shrum’s Manufactured Housing Center on U.S.40 west of Indianapolis was bought by real estate investment firm Platinum Financial Trust at auction Wednesday. The 12.4 acre site on a major commercial corridor near the Indianapolis International Airport went for $230,000 at the bank-ordered sale. MHProNews.com has learned the
MHC Sells Land, Continues to Operate Read More
