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.
In a follow up report on a prior story in MHProNews, CourthouseNews reports that Congressman Mo Brooks of Alabama stated his position against undocumented immigrants by saying “As your congressman, on the House floor, I will do anything short of shooting them.” This statement is part of the rallying cry […]
Congressman says: “I will do anything short of shooting them” Read More
FinancialNewsNetwork reports Cavco Industries has the second lowest enterprise value to EBITDA (EV/EBITDA) ratio in the homebuilding industry. This formula is valuable in measuring comparable companies, and the lower the ratio the more the company is undervalued. Cavco has a ratio of 29.70, well above NVR’s 10.48, but below DR
Cavco Shares Movin’ On Up Read More
HousingWire reports John Burns Real Estate Consulting says the excess housing vacancy level reached 3.2 million dwellings in 2009, and has fallen to 2.4 million units, but that will take 3-4 years to occupy. Despite the push by government and industry for more loan modifications, John Burns shows 72 percent
Housing Consultant: Recovery Three Years Out Read More
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
Arkansas MHA Chooses Board Read More
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
Sizing Up Universal Forest Products? Read More
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
Modular is Afoot in Egyptian University Read More
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
Pres. Obama Signs FHA Bill to Raise Loan Limits Read More
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
Economic Woes Lead to MH Zoning Change Read More
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
Dow Dips, Palm Harbor Trips, Patrick Pleases Read More
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
MH on the Move in New York Read More
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
Home Builders: 30 Points from Condition “Good” Read More
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
Charity and Big Biz Winterize MHC Home Read More
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
Dow Jittery that EU Bug may Infect U.S. Read More
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
Chinese Drywall Supplier to Reimburse Builders Read More
