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.
CNNMoney reports the Dow Jones Industrial Average dropped sharply as investors worry that the European debt crisis may yet sail west to U.S. shores, falling 248.85 points to 11547.31, a loss of 2.11 percent. The Yahoo! Finance Manufactured Housing Composite Value followed the path, losing -3.43 percent to close at …
Euro Debt Crisis Sailing West? Dow Falls, but UFP, Inc. did the Best Read More
LogCabinDemocrat reports Kevin Hawks, recently honored for twenty years of membership in the Arkansas Manufactured Housing Association (AMHA), was re-elected to the AMHA’s Board of Directors at the organization’s 40th annual meeting recently. Board leadership positions include: Lloyd Watson of Roy Borden Agency in Little Rock, Chairman; Sherman Price, Price …
JoplinGlobe reports since the devastating tornado of May 22 took out one third of Joplin, Missouri’s housing, as of Nov. 16, 559 households are being served through the Federal Emergency Management Agency (FEMA). This includes the 24 acres of meadowland sited with 375 Federal Emergency Management Agency (FEMA) manufactured homes, …
Joplin Housing Tornado Survivors, Rebuilding Homes Read More
TheMotleyFool uses the financials of Universal Forest Products, Inc. to demonstrate one measuring device that can be used to analyze the future value of an investment: Following trends in AR (accounts receivable) and DSO (number of days worth of sales owed the company). Problems with ARs and DSOs can spell …
CNNMoney reports the Dow Jones Industrial Average chopped up and down all day today as investors kept their finger on the European pulse while observing the debt committee. The Dow inched up 25.43 points, or +0.22 percent, to close at 11,796.16. The Yahoo! Finance Manufactured Housing Composite Value fell 1.85 …
After Choppy Day, Dow Gains 25 Points; Likewise, Housing Stocks Move Little Read More
GreenProphet reports that students at the American University in Cairo, Egypt, have designed a solar powered modular home to compete in the Solar Decathlon next year. However, the upheaval of the Arab Spring has led to new leadership in Egypt, and funding to enter the competition next fall in Spain …
HousingWire reports a bill reinstalling higher conforming loan limits for the Federal Housing Administration (FHA) was singed into law Friday morning, Nov. 18, by President Obama. Both the House and Senate had passed the bill by over a two-thirds majority on Thursday. The FHA can now insure loans up to …
Curbed reports from Brooklyn’s Atlantic Yards that Forest City Ratner is finalizing plans to build the world’s largest modular housing unit, divided between affordable rental housing and market rate rentals. The 32-story tower, the first of three residential edifices built in this development that will include a professional basketball arena …
If Ratner Quells Labor, Finds Financing, Modular Housing will Rise Read More
TheTandD reports from South Carolina the Orangeburg County Planning Commission has finalized zoning plans that would allow single-section manufactured homes to be sited in an area already populated by site-built and sectional manufactured homes. During their November meeting the commissioners approved the creation of the RS-2 Single-family/Manufactured Home District. According …
CNNMoney reports the Dow Jones Industrial Average fell as investors worry that the European debt crisis may spread to other large European economies, dropping 134.86 points, 1.13 percent, to close at 11,770.73. The Yahoo! Finance Manufactured Housing Composite Value followed suit, losing -1.90 percent to close at 858.60. Many tracked …
SaltLakeTribune reports about two dozen land lease community (LLC) residents attended a Capitol Hill Business and Labor Committee hearing to support legislation that calls for mediation in cases of MHC owner-resident disputes. Rep. Janice Fisher (D-West Valley City) introduced a bill that would provide for nonbinding mediation if the rent …
Utah Legislature Dealing with MHC Owner-resident Mediation Read More
Uticaod reports from New Hartford, New York, just west of Utica, the town has issued more permits for manufactured housing this year than in the previous two years combined. There have been only seven permits for site-built homes this year. Noting the 31 permits for MH, New Hartford town Codes …
IndyStar reports new home building permits for October in Indianapolis increased 16 percent over last October, according to the Builders Association of Greater Indianapolis (BAGI). Of the 269 permits issued in this nine-county area, 103 were for Hamilton County, an upscale suburban area just north of the city, which registered …
Inching Along in Indy: Building Permits Rise and Fall Read More
The National Association of Home Builders reports builder confidence rose in November three points to 20 on the NAHB/Wells Fargo Housing Market Index (HMI) for newly-built single family homes. Building on a three point increase from October, the HMI is at its highest point in 18 months. NAHB Chief Economist …
FremontTribune reports from Nebraska the charity, Rebuilding Together, and Lowe’s Charitable and Educational Foundation have partnered on 450 projects since 2007 to help elderly, disabled, and low-income homeowners with renovations and repairs. Recently, volunteers and Rebuilding Together board members installed energy-efficient windows and doors on the factory-built home of Cleo …
CNNMoney reports the Dow Jones Industrial Average fell quickly at the end of the trading day as concerns were raised that the European debt problems could impact the U.S. economy. The Dow lost 190.57 points, or 1.58 percent, to close at 11,905.59 The Yahoo! Finance Manufactured Housing Composite Value closed …
NOLA reports from Louisiana that Knauf, the German supplier of faulty Chinese drywall, is set to settle litigation with homebuilders to reimburse them for remediating homes built with the sometimes toxic building product. During the housing boom, and following the hurricanes of 2004-2005 (including Katrina), the U.S. had to import …
TheTownTalk reports from Alexandria, Louisiana, that a planned multi-family, modular housing development was blocked at a city council meeting by residents concerned that property values would fall and crime would increase. The council was considering a proposal to change the zoning from agricultural to multi-family to allow for the housing. …
MHProNews has learned that Cavco Industries CEO and Manufactured Housing Institute (MHI) Chairman Joe Stegmayer has accepted the invitation from the Midwest Manufactured Housing Federation (MMHF) to address the 2012 Louisville Manufactured Housing Show. When asked what topics he plans to cover, Stegmayer replied, “On behalf of MHI and the …
MHARR (Manufactured Housing Association for Regulatory Reform) says Nov. 14, 2011, a House-Senate conference committee approved cutting HUD’s $14 million MH budget request to $6.5 million. MHARR has continually pointed out that HUD added contractors and program staff to the MH program as production declined. The report says the proposed …
