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.
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
A recent Associated Press story featured manufactured home owner and Appalachia resident Donna Robirds of Mount Orab, Ohio. The focus of the story is on the aging population in the region. Robirds is 67 and lives on a fixed-income. Nationally, the article notes, people 65 and over are expected to
Article Highlights Aging Population in Appalachia Read More
NineMSN of Australia tells MHProNews.com the Fleetwood Corporation, a producer of RVs and modular accommodations for residential and commercial applications, announced its profit for the six months ending Dec. 31, 2011 rose ten percent to $26.89 million. CEO Steven Price attributes the earnings report to increased demand for temporary accommodations
Australian Modular Maker Sees Profit Read More
This 1,400 square foot modular home in Wimberley, Texas,has three bedrooms, two baths, and lots of deck space. Produced by Ma Modular of Austin, TX the home has Energy Star appliances and HVAC, 2X6 exterior wall studs, a Galvalume double-lock standing-seam metal roof, Gerkin windows, and other energy efficient features.
Modular Modern in Texas Read More
Congress passed a $150 billion bill that extends the payroll tax reduction and unemployment benefits for ten months without increasing the guarantee fees (g-fees) on Fannie Mae and Freddie Mac. Consideration was at first given to raising the fees as a means to pay for the extension but then dropped.
G-Fee Increase Dropped Read More
CNNMoney tells MHProNews.com the Dow Jones Industrial Average crossed the 13,000 mark for the first time in almost four years, but then fell back to close at 12,965.77, gaining only 15.9 points, +0.02 percent. The Nasdaq lost -0.11 percent, -3.21, to end the day at 2,948.57, while the S&P rose
Greece Bailout Shoots Dow over 13,000, then Investors Pull Back Read More
NationalMortgageNews tells MHProNews.com Richard Cordray, the recess-appointed head of the Consumer Financial Protection Bureau (CFPB), made his first appearance on Capitol Hill at a meeting with members of the Senate Banking Committee, some of whom want budget oversight and structural changes to the agency. Cordray says the CFPB is similar
Cordray Ticks off Achievements to Ticked-off Senators Read More
According to HousingWire, the mortgage delinquency rate fell 2.2 percent from Dec. 2011 to Jan. 2012. Based on its data of nearly 40 million loans, Lender Processing Services says the Jan. 2012 delinquency rate dropped to 7.97 percent, which represents a 10.5 percent annual decline. There are 1.77 million properties
Little Change in Number of Pre-sale Foreclosure Homes Read More
