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.
Stocks moved down slightly as investors witnessed a fall in fourth quarter earnings for JPMorgan Chase and the credit rating for several European countries was downgraded. CNNMoney reports the Dow Jones Industrial Average lost 48.96 points, -0.39 percent, to close at 12,422.06. The NASDAQ fell -0.51%, and the S&P dropped …
Dow Slips at Week’s End; Housing Stocks Close Mixed Read More
RVBusiness tells MHProNews.com Sun Communities, Inc. is offering four million shares of its common stock at $35.50 per share, a sale that is set to yield $142 million. As part of the underwritten registered public offering, Sun has granted the underwriters a 30-day option to purchase 600,000 additional shares. The …
MHProNews.com has learned from NationalMortgageNews that Richard Cordray, the new head of the Consumer Financial Protection Bureau (CFPB), says the agency will review procedures used by nonbank mortgagers and servicers beginning next month. Examination procedures have been published, and companies will be notified before the examination to make certain they …
Following positive future markets, the stocks spent much of the day in the red, but crossed over to bring a positive finish. The Yahoo Finance Manufacture Housing Composite did even better, adding almost two percentage points. Stocks ending the day higher include Berkshire Hathaway, parent company to Clayton Homes, Vanderbilt …
Stocks were mixed during hump day trading with the Dow losing 13 points and the Nasdaq gaining eight. The Yahoo Finance Manufactured Housing Composite bested both, marking a 1.5 percent advance in value. Advancers include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing …
MHProNews reports that light rain has not slowed a strong start to the 2012 Louisville Manufactured Housing Show. A room capacity crowd attended the first finance forum panel. The lenders reported a wide variety of financial programs. The Show runs through Friday at noon. Finance forum first seminar
The National Association of Home Builders (NAHB) has teamed with the National Football League Players Association (NFLPPA) to help those in need through Touchdown for Homes. “NAHB’s home builder members are honored to partner with former NFL players to provide children, families and veterans with safe, comfortable housing opportunities,” said …
Gains in global markets, and optimism about corporate reports and the Euro debt crisis helped push the Dow Jones Industrial Average up 67.44 points, +0.54 percent, to end the day at 12,460.13, according to CNNMoney. The Yahoo! Finance Manufactured Housing Composite gained +0.92 percent to close at 753.30. Tracked housing …
Every day, 480,000 school buses carry 26 million children to school and school-related activities. School Transportation News tells MHProNews.com since 2006, the manufacture of school buses has declined 37 percent. School funding is tied to property taxes. As homes are abandoned and property values fall, tax collections decline, which tightens …
According to CoreLogic’s Home Price Index, home prices for November 2011 fell 4.3 percent compared to November 2010. For the fourth consecutive month in a row home prices declined, falling 1.4 percent October to November, 2011. Mark Fleming, CoreLogic’s chief economist, is quoted in HousingWire saying, “With one month of …
The National Association of Home Builders (NAHB) tells MHProNews.com that its First American Improving Markets Index (IMI) indicates the number of housing markets registering measurable improvement now numbers 76, up from 41 in December, 2011. The index measures housing permits, employment, and house prices for six months in a row …
CNBC tells MHProNews.com the Obama administration’s plan to speed-up the housing recovery process may be to sell government-owned foreclosed real estate in bulk to investors who will then rent the properties. Since banks may be reluctant to finance the purchases, the government may offer a subsidy to the investors by …
Yahoo!News’ TrendingNow has a time-lapse video of a 30-story, 183,000 square-foot modular hotel being built in China’s Hunan Province near the Dongting Lake in 15 days. Teams from China’s The Broad Group worked around the clock, non-stop, attaching the modules to a steel structure. According to the builders, the hotel …
With President Obama’s questioned recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau (CFPB), the agency can now implement the full authority of the Dodd-Frank Act, according to BusinessWeek. Dodd-Frank resulted from lawmakers complaining that regulators did not do enough to protect borrowers, and was passed …
With New Director, CFPB May Emerge Swinging—or Not Read More
For those who have not been to a Louisville Manufactured Housing Show in a while – or ever – the 2012 Show will be held in the Southwing of the Kentucky Exhibition Center (KEC). You will find more video reports on the Masthead blog, where we will post updates under …
First Behind the Scenes Louisville Pre-Show Video Report Read More
After a year-long battle with cancer, former MHC owner Lenny Jones Gregory passed away in Falcon, Colorado. TheRecordDelta of Buckhannon, WV tells MHProNews.com Gregory moved to Colorado from West Virginia in the 1970’s to help his brother manage Alpine Village Mobile Home Park in Florence, CO and then began transporting …
Stocks notched up slightly as investors anticipate fourth-quarter corporate reports amid continuing concerns about the debt crisis in Europe. CNNMoney reports the Dow Jones Industrial Average gained 32.77 points, +0.27 percent, to close at 12,392.69. The NASDAQ moved up +0.09 percent, and the S&P gained +0.23 percent. The Yahoo! Finance …
Dow Advances Cautiously; Housing Stocks Close Mixed Read More
Before the housing bubble burst, builder Howard Kipnes would buy land speculatively and then build the home upon receiving a contract. That ended with the housing bust. Newsdays tells MHProNews.com that according to the U.S. Census Bureau, permits for single-family homes on Long Island, New York, fell to 90 in …
Market Watch tells MHProNews.com that ADP says 325,000 jobs in the private sector were added in December. According to CBIZ Payroll Services, their Small Business Employment Index (SBEI) rose 1.75 percent last month, the largest increase since 1.77 percent in December 2009. The November 2011 gain was only .35 percent. …
Following up on an article we ran Nov. 21, 2011 about the May 22 tornado that wiped out one-third of Joplin, Missouri’s housing, KOAMTV tells MhproNews.com some residents are up in arms about three modular homes moving into a neighborhood of traditional homes. The neighbors are concerned the units, built …
