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, after dipping and diving during the day, finally gained 162.42 points to close at 11,869.04, a gain of 1.39 percent, as investors sensed a bailout deal was near in the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value was up 2.89 […]
Dow Lands on Positive Ground; Housing Stocks Improve also Read More
Redstate updates a report MHProNews previously covered on Elizabeth Warren, President Obama’s force behind the Consumer Financial Protection Bureau (CFPB) and current candidate for the U.S. Senate from Massachusetts. Commenting in an article in The Daily Beast about the Occupy Wall Street movement that has spread across the country and
Warren Supports Occupy Wall Street Read More
MHProNews has learned that the U.S. Commerce Department reports newly-built, single-family home sales rose 5.7 percent in September, recording their best growth in five months, to a seasonally-adjusted rate of 313,000 units. “The improved rate of new-home sales in September is on par with NAHB’s forecast for the overall number
Growth in New Single-Family Home Sales Read More
Bloomberg reports the U.S. Census Bureau says manufactured housing shipments rose to a seasonally-adjusted rate of 49,000 in August, up two thousand units from July 2011. Placements rose from 43,000 to 44,000 for the same period, and dealer inventory held steady at a seasonally-adjusted rate of 21,000. The average sale
MH Shipments Increase for August Read More
MankatoFreePress reports a unique program to rid St. Peter, Minnesota, of pre-HUD Code manufactured homes will be expanded to include properties in two additional land lease communities (LLCs) in town–Summit and Mar Wey. The program began last winter in the Green Valley community, where four homes have been razed and
Incentives to Replace pre-HUD Code Homes, Rehab Newer Ones Read More
CNNMoney reports the Dow Jones Industrial Average fell 207 points during the day to close at 11,706.62, a loss of -1.74 percent, as jittery investors responded to falling financial stocks and concern over the proposed meeting tomorrow of European heads of state trying to iron out the region’s debt problems.
Dow Descends Again, Pulling Housing Down Read More
MHProNews has learned that the National Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) bestowed 23 achievement awards to leading manufacturers and builders in the systems-built industry with the 2012 Jerry Rouleau Awards for Excellence in Marketing and Home Design. The BSC awards were renamed to
NAHB renames 2012 Systems-building award to honor Jerry Rouleau, winners announced Read More
MHProNews has learned the third quarter 2011 results for Sun Communities, Inc. Sun (SUI) is a real estate investment trust (REIT) that owns and operates manufactured housing and recreational vehicle communities. Sun’s highlights include Adjusted Funds from Operations (“AFFO”)(1) excluding certain items described in this release was $0.75 per diluted
Sun Communities announces third quarter 2011 results Read More
CitizensVoice reports that Dave Valenti, owner of Wyoming Homes, says sales are up in Plains Township, so he is expanding and adding 10 new employees, including truck drivers, sales people and laborers. Valenti also plans to open another sales location and a warehouse center on outside Pottsville in early 2012
PA Retailer expanding, with another planned expansion to follow Read More
HeraldTribune reports that the the market for acquiring manufactured home communities in Florida has heated up. While the economic downturn has driven conventional housing prices down, making them more affordable, incomes are also down. This makes manufactured home communities more appealing. Recently, Equity LifeStyle Properties (ELS) bought the nearly 300
Manufactured Home Community sales heat up in Southwest Florida Read More
Mortgageorb reports that Fitch Ratings revised loss expectations on 143 U.S. manufactured home residential mortgage-backed securities (RMBS) transactions. Fitch says collateral performance has generally remained stable over the last year. Performance stability is attributed to consistent servicing practices and the seasoning of the assets. Some 95% of the transactions reviewed
HousingWire reports Campbell/Inside Mortgage Finance says over the last month, the time required to approve a mortgage grew from 30 days to between 45 and 60 days. The company’s Housing Pulse survey states lenders are having to spend more time dealing with mortgage refinancing. Appraisal issues with property damage on
Applying for a Mortgage? Be Patient Read More
CNNMoney reports the Dow Jones Industrial Average rose 105.20 points during the day to close at 11,913.99, a gain of 0.89 percent, as investors welcomed some good business news at week’s beginning. The Yahoo! Finance Manufactured Housing Composite Value gained 3.63 percent to close at 760.01. Most housing stocks gained
Dow Responds Well to Positive Domestic Business News Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee (MHCC) voted to conditionally accept an MHI (Manufactured Housing Institute) proposed federal sprinkler standard for manufactured homes. The vote came one day after the National Fire Protection Association (NFPA) admitted that manufactured homes have fewer fires
MHARR: Sprinkler System Fires Up Again! Read More
BlueRidgeNow reports from Etowah, Tennessee, Ceil Salvadori is developing 27 acres into five lots for horse lovers who will have a barn, pasture land, and a modular house, or “ranchette”, for a residence. Four of the five lots have frontage on the French Broad River in southeastern TN. The houses
Horse Lovers Unite! Equestrian Community to have Modular Housing Read More
FridleyPatch from Minnesota reports it’s been eight months since the Park Plaza manufactured home community became a cooperative. Facilitated by the Northcountry Cooperative Foundation (NCF), at the time Park Plaza was the fifth MHC in Minnesota to become a co-op, and the second sold by Phil Johnson to residents. He
MHC Co-op: Eight Months Long, Going Strong Read More
LogCabinDemocrat reports from Little Rock, Arkansas, the Arkansas Manufactured Housing Association has bestowed its “Twenty-Year Membership Award” on Hawks Mobile Homes of Conway, AR. Kevin Hawks received the honor from AMHA Chairman Dwight Chandler for 20 continuous years of membership, during the association’s 40th annual convention at the Peabody Hotel
MH Dealer Receives 20-year Honor Read More
Inhabitat reports a Mexican architecture firm has developed a small modular home designed to serve poor families in Monterrey, Mexico. Stacion-ARchitectura Arquitectos’ Modulo 10 X 10 is wrapped in recycled fiberglass panels which can be added to expand the unit depending upon family size. Because of the intense heat in
Modular Home Crafted from Recycled and Natural Materials Read More
CNNMoney reports investors once again thought well about the resolution of the European debt crisis as the Dow Jones Industrial Average rose 267.01 points to end the week at 11,808.79, a gain of 2.31 percent. The Yahoo! Finance Manufactured Housing Composite Value gained 4.34 percent to close at 733.50. Most
European Debt Crisis—Solved Again? Dow, (Most) Housing Stocks Gain Nicely Read More
Inside Tuscon Business reports Continental West manufactured housing community in Tuscon, AZ defaulted on a $10.95 million loan and will be sold at public auction 11 AM, Jan. 4, 2012 in the Pima County Courts Building. The 319 homesite community was built in 1960, and boasts two swimming pools, a
Arizona LLC on the Block Read More
