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.
Investors tells MHProNews.com the rise in rents may make some people think twice about renting as opposed to buying. The average rent of $1,016 in 2009 will hit 1,101 this year, according to Marcus and Millchap’s 2012 National Apartment Report. Analysts expect it will rise four percent next year. As […]
Rents Up, Ownership Down—the Balance Will Shift Read More
NationalMortgageNews has informed MHProNews.com FiServ chief economist David Stiff says actual improvement in housing prices is still a year away, when he expects prices to rise four percent. The Fiserv Case-Shiller house price index indicates prices will fall 2.7 percent through the third quarter 2012. Meanwhile, buying a home has
Mortgage Payments Nearly Halved since 2006 Read More
Joe Kelly, executive vice-president of the Manufactured Housing Association of Iowa (MHAI) tells MHProNews.com a bill approved by the Senate Judiciary committee would require a community owner to provide a legitimate reason for terminating a resident or refusing to renew a lease. Introduced by state attorney general Tom Miller, it
Bill to Protect MH Residents Revives in Iowa Read More
Republican Presidential hopeful Mitt Romney campaigned in The Villages in Ocala, Florida, the largest age restricted active adult community in the world, 55 and better, with nearly 75,000 homes spanning three counties. The Villages website depicts numerous manufactured homes among the housing options. MHProNews.com has been informed it is a
Gingrich Would Repeal Dodd-Frank; Romney Courts MH Seniors Read More
The Recreational Vehicle/Manufactured Housing Heritage Foundation has announced to MHProNews.com its annual inductees into the RV/MH Hall of Fame to honor those who have made significant contributions to the industry. This year marks the 40th anniversary of the awards, to be held in Elkhart, Indiana, Aug. 6, 2012. The inductees
Hall of Fame Inducts Ten Read More
CNNMoney tells us with Greek leaders still not reaching a debt relief bill, investors regained some of last week’s losses but continued to shy away from the market as the Dow Jones Industrial Average lost -6.74 points, -0.05 percent, to close at 12,653.72. The NASDAQ fell -0.16%, while the S&P
Dow Loses One-half Percent; Housing Stocks Mostly Slip Read More
MHProNews.com hears from Canada there has not been a better time to buy a home in nearly 30 years. Mark Weisleder says in TheSpectator in Hamilton, Ontario, Canada, mortgage rates are at an all-time low, the political and social climates are stable, as is the real estate market. According to
“Go North, Young Man” for Stable Real Estate Read More
MarketWatch informs MHProNews.com that Drew Industries, Inc., will release its Q4 2011 results Monday, Feb. 13 before the market opens, and at 11 AM eastern time that same morning host a conference call to discuss those results. Q and A session will be limited to institutional investors and analysts. Others
MH Component Maker to Release Financials Read More
KentonCountyFox19 tells MHProNews.com Betty C. Whitaker, of Frankfort, Kentucky, the executive director of the Kentucky Manufactured Housing Institute (KMHI), has been appointed to the High Performance Buildings Advisory Committee by Governor Steve Behsear. A measure passed by the state legislature requires all renovated and new buildings for which the sate
Betty Whitaker Appointed by Governor Read More
HousingWire tells MHProNews.com Wednesday’s hearing before the House Financial Services Committee will feature John Bostick, Chairman of the Manufactured Housing Association for Regulatory Reform (MHARR), and president of Sunshine Homes. He will testify how HUD’s failure to implement certain provisions of the Manufactured Housing Improvement Act of 2000 has hindered
MHARR Head Heading to Hearing Read More
With the explosive growth in the demand for quarters and camps for the oil and gas industry, Ramtech Building Systems of Mansfield, Texas announced recently that the company is expanding their existing line of product offerings to provide additional modular buildings that will meet the rigors of working in remote,
Ramtech Building Systems Adds New Breed of Modular Read More
The Dow finished the last day of the week 74 points lower, on news that the U.S. grew at a slower pace than expected in the fourth quarter. The Yahoo Manufactured Housing Composite Index added one percent, and most watched stocks fell in line. Among those manufactured housing and related
MH Stocks Gain, Dow Drops on Slow Growth Read More
According to the Chronicle-Express, New York’s Neighborhood and Rural Preservation Program that helps people replace aging mobile homes with energy-efficient manufactured homes may be eliminated. MHProNews.com has learned Gov. Andrew Cuomo says it will save the state $12 million. The Keuka Housing Council (KHC) in Yates County has been helping
NY May End MH Replacement Program Read More
Yahoo! Finance tells MHProNews.com that Cavco Industries, Inc., will release its Q3 2012 earnings report Thursday, Feb 2, 2012 after the market closes. Friday, Feb. 3, 2012, senior management will host a live webcast at 11 AM eastern time to discuss those results. Headquartered in Phoenix, Arizona, Cavco is the
Cavco to Release Earnings Report Read More
Less than spectacular domestic economic data and ongoing concerns about the debt crisis in Greece kept investors shy, as CNNMoney the Dow Jones Industrial Average fell 22.33 points, -0.18 percent, to close at 12,734.63. The NASDAQ fell -0.46%, while the S&P lost -0.57%. Similarly, the Yahoo! Finance Manufactured Housing Composite
Dow Jones Waffles Down, Tracked Stocks Close Mixed Read More
NationalMortgageNews tells MHProNews.com the U.S. Census Bureau reports new home purchases last year totaled 303,000, declining 6.5 percent in 2011, the lowest number since the 1960’s. Sales of newly-built homes fell to a seasonally adjusted rate (SAAR) of 307,000 from 314,000 in November, a 2.2 percent slide after rising three
New Home Sales Fall in December; Economists See Growth in 2012 Read More
MHProNews.com has learned the housing downturn pushed rents to record highs in the metropolitan Boston area in the last quarter of 2011, while the vacancy rate dropped to four percent, a nine year low. Average monthly rents went from $1,600 in 2009 to $1,686 Dec. 2011. TheBostonGlobe reports economists expect
Boston Market Rents are Cooking! Read More
MHProNews.com has learned of a program in Montana to replace pre-HUD Code mobile homes with new, Energy Star-rated manufactured homes in the Great Falls area. The Sun Prairie subdivision outside Great Falls has 240 factory-built homes, many of them older models, where NeighborWorks Montana conducted an open house displaying a
Program Replaces pre-HUD Code Homes with New MH Read More
RedBluffDailyNews of Tehema County in north central California tells MHPronews.com an ordinance passed by the Tehema County Supervisors requires all manufactured homes produced after Jan. 1 to have a sprinkler system installed. The measure does not apply to existing manufactured homes. The ordinance also applies to multifamily homes with two
California Ordinance Requires Sprinklers in MH Read More
The Dow rose along with many manufactured housing stocks Wednesday as the Federal Reserve signaled low rates through at least late 2014. Futures began in the red but fortunes changed with the Fed announcement. The Yahoo Finance Manufacture Housing Composite ended hump day up more than five percent. Those stocks
Dow/MH Stocks Rise Wednesday Read More
