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.
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 […]
Another Foster Child of the Housing Market Read More
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
Home Prices Continue Downward Read More
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
NAHB: Housing Markets Showing Marked Improvement Read More
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
Solution to Foreclosed Properties? Read More
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
Modular Hotel Erected in 360 Hours Read More
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
Passages…Lenny Jones Gregory Read More
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
Long Island Builder Moves to Modular Read More
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.
Employment Rises in December Read More
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
Modular Homes Prompt Concern Read More
Payrolls beat forecasts, but it wasn’t enough to lift markets Friday. Stocks closed lower to end the week January 6 with the Dow losing 55 points. The Yahoo Finance Manufactured Housing Composite Value was down 29 points or four percent. Manufactured Housing stocks ending lower Friday include Allied Management Group,
Stocks End First Week on a Low Note Read More
According to HousingWire, Richard Cordray, the newly-appointed director of the Consumer Financial Protection Bureau (CFPB), chose Raj Date as the agency’s first deputy director. Originally the head of research, markets, and the regulations division, Date took over from CFPB architect Elizabeth Warren as special advisor to Treasury Secretary Timothy Geithner.
New CFPB Director Fills Staff Positions Read More
ChiefExecutive tells MHProNews.com 69 percent of chief executives in their CEO Confidence Index expect an increase in revenues in 2012, and 42 percent anticipate more capital expenses, although Berkshire Hathaway chairman Warren Buffett is ahead of the pack. The owner of Clayton Homes through Berkshire, with $40 billion in cash
CEOs Cautiously Optimistic for Growth in New Year Read More
Investors fears about the ongoing Euro debt crisis were tempered by good economic news at home that resulted in a fairly flat day overall for U.S. stocks. CNNMoney reports the Dow Jones Industrial Average lost a mere 3.1 points, -0.02 percent, to close at 12,415.32. The NASDAQ gained 21.5 points,
Most Tracked Housing Stocks Advance Including MH Composite Read More
MhproNews.com has learned from the HuffingtonPost that Federal Reserve Chairman Ben Bernanke says foreclosure is not a good way to deal with delinquent mortgage holders because it leads to deteriorating houses and depression of area home prices. In a report sent to the housing affairs and banking services committees of
Bernanke: Aggressively Avoid Foreclosure Read More
A report from the BOI Fair 2011 in Bangkok, Thailand, says the Siam Cement Group (SCG) of Thailand is looking to invest five billion dollars in Southeast Asia, especially Vietnam, Indonesia and the Philippines, countries where it already has a strong presence. As BusinessMirror tells MHProNews.com, in keeping with the
Shock-resistant Homes Read More
Florida author Jim Boeglin tells MHProNews.com that while economists study manufacturing reports, employment numbers, building permits, consumer confidence surveys, etc., to tap into the state of the U.S. economy, he counts dump trucks. Writing in the NaplesNews, he says from 2003 to 2006 Southwest Florida was crawling with dump trucks.
Dump Truck Economic Index Read More
MHProNews.com has learned from NationalMortgageNews the minutes from the Federal Open Market Committee (FOMC) meeting Dec. 13 reveal disappointment that attempts by the government to stimulate a housing recovery, combined with low interest rates and increasing employment, has had little effect. Response to the expansion of the Home Affordable Refinance
FOMC Notes: What to Do, What to Do? Read More
