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 that the volatile markets rose today, while Greek debt and U.S. Debt reduction talks loomed over investors. The Dow closed at 11,061 +68.99 +(0.63%), with a year to date loss of -4.46%. The Yahoo! Finance Manufactured Housing Composite Value declined to 798.6 -0.16%. Affiliated Managers Group 81.75 +0.51 …
DigitalJournal reports on a recent National Association of Realtors (NAR) study that asserts that 94% of home buyers begin their housing search online. This move in consumer home buying habits has motivated some housing companies to provide a maximized Internet shopping experience, one that supports the personal service experience. “It …
NAR says Interent home shopping continues to rise, housing pros move with that trend Read More
MHProNews.com has learned that Wells Fargo Multifamily Capital’s Tony Petosa and Nick Bertino have reportedly closed 50 million in loans on 6 manufactured home community properties in the last 90 days. The six properties are located in four states across the country and total 1,661 sites. These included, Club Marina, …
Wells Fargo closes loans for 6 communities for $50 Million Read More
SavannahNow reports on a bright spot of the nations housing market that has benefited single family, modular, townhome and condo sales. Sales hit a four year high in Chatham, Bryan and Effingham county areas of South Carolina. 416 homes changed hands in August, the third month running this area has …
Local market bucks trends, may provide clues to boost housing Read More
LegalNewsline reports an update on a story previously covered by MHProNews.com, that Massachusetts Attorney General Martha Coakley announced she had obtained a preliminary injunction prohibiting the owners of a manufactured housing community from continuing alleged intimidating sales tactics. Morgan RV Resorts LLC and its sales team allegedly used intimidating tactics …
AG gets injunction against manufactured home community owner Read More
CNNMoney reports the Dow plunged more than 300 points today, as Euro and domestic clouds rocked investor confidence. European financial markets dropped following a shakeup at the European Central Bank, with London, Frankfurt and Paris dropping 2-4% and the euro dropping 1.7% against the dollar. The Dow closed at 10,992.13 …
Dow follows Euro markets down, manufactured housing drops Read More
Housingwire reports that the Ninth Circuit U.S. Court of Appeals upheld a lower court’s decision to dismiss a fraud suit filed as a class action against the Mortgage Electronic Registration System (MERS), Bank of America (BoA) and countless other financial institutions. The original suit filed by three homeowners as a …
Ninth Circuit tosses MERS suit, BoA and other banks pleased Read More
WillistonDailyHerald reports that Williams County Commissioners (ND) have unanimously approved the purchase of four manufactured homes for use as housing for county employees. Williams County Sheriff Scott Busching explained ongoing efforts to secure housing for county employees during the meeting. “We’ve so far purchased four mobile homes in Cimarron Heights,” …
County purchasing manufactured homes for employees Read More
Costar reports that UMH Properties, Inc. acquired three manufactured home communities. Trailmont is located at 1341 Dickerson Pike in Goodlettsville, TN; Shady Hill located at 1508 Dickerson Pike in Nashville, TN; and Countryside Village at 200 Early Rd. in Columbia, TN, for $13.3 million, or about $19,200 per home site. …
RTTNews reports Canadian building permits matched a record high in July. This suggests Canada’s housing market continues to thrive despite economic concerns. The value of building permits rose 6.3 percent to C$7.0 billion in July, matching the record set in May 2007, according to Statistics Canada. Much of the increase …
Canadian home building and housing overall continues strong Read More
Internet searches on a manufactured housing builder’s may lead web surfers to hacked off consumer complaint sites. Some of these attacks are anonymous. All of them can be difficult to handle, especially in the absence of positive efforts to build a company or the industry’s image. These attacks are not …
Businesses and workplace impacted by Cyber-bullying Read More
Bloomberg reports that U.S. mortgage rates tumbled 4.12 percent, the lowest in at least four decades. “Homebuyers are not responding to these record-low interest rates,” said Patrick Newport, economist at IHS Global Insight in Lexington, Massachusetts. “The reason interest rates are dropping recently is that the outlook for the economy …
Record low mortgage rates, but weak economy keeps many buyers on sidelines Read More
CNNMoney reports that Fed Chief Ben Bernake’s address failed to impress investors, even though big Ben said the Fed could use certain “tools” to help stimulate the economy if needed. The Dow fell 11,295.96 -118.90 (-1.04%). The Yahoo! Finance Manufactured Housing Composite index value slipped even faster, to 821.6 (-3.12%). …
Ben Blows, investors froze, stocks close low, manufactured housing slides too Read More
Fitsnews reports that Toronto Canada based Innovative Composites International, Inc. (ICI) has announced it will build a new production facility in Orangeburg County, SC. The $9.3 million investment is expected to generate 300 new jobs over five years. “South Carolina has provided us with an excellent location for our new …
CalgaryHerald reports on a story MHProNews.com has previously covered, that even ‘mobile homes’ (sic) on the Malibu, CA coast can be worth millions. Two gated, ocean-view communities in Malibu – Paradise Cove and Point Dume Club – struggled during the downturn. “In 2008 and 2009 people were just scared to …
Malibu and Maxey reminds us some ‘mobiles’ are worth millions Read More
Zacks reports that among five home-building companies tracked, the following have the lowest Current Ratios. The Current Ratio is used to get a sense of how quickly a company can repay its short term liabilities with its short term assets. Higher current ratios means the more capable the firm is …
Zacks tags Cavco in housing ranks for current ratio Read More
2011 Trends Report – top 20 trends. This video provides insights into facts that could be useful to those manufactured housing pros willing to pay close attention, and then act on what they learn. (Video credit: THTV)
DigitalJournal reports on a study by Atlas Van Lines on the latest information on why American’s move. “This infographic was developed to give readers a quick look at migration patterns and the reasons why people move,” said Jack Griffin, president & COO of Atlas World Group. “This information is of …
CNNMoney reports that the Dow rallied today to close at 11,414.86. +275.56 (+2.47%). The Manufactured Housing Composite Value: 848.0 +4.67%. Affiliated Managers Group 85.31 +5.02 (6.25%). Clayton Homes, Vanderbilt Mortgage and Finance and other MH builders, lending and housing suppliers parent company Berkshire Hathaway 106,120.00, +3,545.00 (+3.46%). Cavco Industries 35.71 +1.64 …
Sources tell MHProNews.com that momentum is building for the return of the 2012 Great Southwest Home Show. “The Great Southwest Home Show gave us a great platform to introduce and sell our Rocky Mountain Series.” said Howard McGirt, General Manager of Southern Energy Homes of Texas. Kurt Kelly of Mobile …
New March date attracting strong support for MH Show Read More
