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.
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
After 43 years, Santiam Homes in Aumsville, Oregon, is transitioning out of business and it’s location will be taken over by J & M Homes, which offers new and repossessed manufactured homes, as well as real estate, financing and construction in-house. The Statesman-Journal tells MHProNews.com Santiam’s owners, Ken and Janet
MH Retail Location Changing Hands Read More
The Fed said the economy expanded at a modest pace in the early parts of 2012, but that wasn’t enough to excite the markets. The Dow ended the day down nearly half a percent and the Yahoo Finance Manufactured Housing Composite Value ended down more than three percent. Individual stocks
Stocks End Hump Day Down Read More
One of the largest manufacturers of commercial modular buildings in North America, WesternOne Equity Income Fund’s Britco division acquired a new facility in Edmonton, Alberta, Canada and one in Waco, Texas in recent months. Headquartered in Langley, British Columbia, the company is currently involved in producing 280,000 square feet of
Britco Expanding in Workforce Housing Read More
HousingWire tells MHProNews.com the Federal Housing Administration (FHA) will raise the mortgage insurance from one percent to 1.75 percent to make up for the drop in the Mutual Mortgage Insurance (MMI) Fund below the Congressionally mandated two percent, to 0.2 percent. The FHA said the increase will add $1 billion
FHA Insurance to Increase Read More
Despite an unexpected sizable drop in durable goods orders, CNNMoney tells MHProNews.com the Dow Jones Industrial Average crossed the 13,000 mark for the first time in almost four years to close at 13,005.12, gaining 23.61 points, +0.18 percent. The Nasdaq moved up +0.69 percent, +20.60 points, to end the day
Dow Crosses 13 Grand and Sticks; Housing Stocks Mostly Down, but Mixed Read More
The Great Southwest Home Show, billed as the World’s Largest Indoor Manufactured Home Show, is packing a wallop of seminars, forums, and workshops in addition to all the vendors and homes from the nation’s foremost manufacturers. March 1 and 2 will be Industry Days with workshops ranging from new financing
GSHS, QuikTrip Center, Tulsa, OK March 1-4 Read More
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
