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.
The Sarasota Herald-Tribune reports Saralake Estates LLC was sold to NHCFL138 LLC of Scottsdale, Arizona, for $10.55 million. The purchase of the 200 homesite MHC was financed by General Electric Capital Corporation with a loan of $7.35 million. The new owner, a company controlled by National RV Communities LLC, has […]
Florida Hit with Another Wave of MHC Deals Read More
CNNMoney reports the Dow Jones Industrial Average slipped -16.88 points (-0.15%) to close at 11,416.30, the market peaking and falling all day as investors waited to hear Slovakia’s decision concerning the European bailout fund. The Yahoo! Finance Manufactured Housing Composite Value also dropped, falling -0.36% to close at 722.60, as
Dow Slips, Housing Stocks Close Mixed Read More
Financial News Service ranks Universal Forest Products, Inc., (NASDAQ:UFPI) number one in sales per share (SPS) at $92.83 in the Building Products Industry. Universal supplies lumber products to the manufactured and modular housing industry, as well as to lumberyards and other builders. The stock outperformed both the Dow and the
Building Products Industry: Universal Holds Top Spot in SPS Read More
Futures and Commodity Market News reports that SmarTrend, that inveterate follower of 5,000 stocks daily, says Cavco Industries (NASDAQ:CVCO) has the lowest Forward Earnings Yield (FEY) in the homebuilding industry. Based on projected earnings for the year, Cavco is at 0.11% FEY, followed by Meritage (NYSE:MTH) at 0.14%, and Toll
SmarTrend: Cavco Future Foggy? Read More
MHProNews has learned from Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), that the U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) will offer a series of free webinars aimed at providing information on the Guidelines for Home Energy Professionals
MH Industry Pros: Learn MH Energy Upgrades Read More
CNNMoney reports stocks shot up nearly three percent (2.97%) as investors were buoyed by good news from the Eurozone, the Dow Jones Industrial average closing at 11,433.18. Yahoo! Finance says the Manufactured Housing Composite nudged down 1.19% to close at 725.20, as housing stocks closed mixed. Affiliated Managers Group 83.82
Stocks Spike Dow 330 Points Read More
WSILTV in Pinckneyville, Illinois, reports 300 volunteers turned out at Contempri Industries, Inc. in Pinckneyville to help build a modular house for Joplin, Missouri, residents devastated by the May 22 EF-5 tornado that destroyed 7,000 homes. Some of the workers came up from Joplin to lend a hand. Part of
Volunteers Build Modular House for Tornado Survivors Read More
The National Mortgage News reports the acting head of the Consumer Protection Finance Bureau (CFPB), Raj Date, speaking at the annual Mortgage Bankers Association (MBA) convention, offered to work with the bankers to help resolve the housing crisis. But MBA President David Stevens, noting their responsibility in creating the crisis,
MBA Says “Stay Out of the Way” Read More
Bloomberg reports Peter R. Orszag, vice chairman of global banking at Citigroup and an adjunct senior fellow at the Council on Foreign Relations, says the weak housing market holds down the weak economy, and vice versa. He says the quickest path to economic recovery would be for the government to
Immediate Depreciation for Abandoned House Investment Could Spur Economy Read More
RVBusiness says the Vancouver Sun reports a new community of factory-built micro cottages is being developed at Port Renfrew, British Columbia, in Canada. The first 40 unit phase of the Wild Coast Cottages Oceanside, each 400 square feet, is nearly sold out. The second, Water’s Edge at Wild Coast Cottages,
Small Homes Bring Big Satisfaction Read More
The Seattle Times reports longtime Seattle architect Gordon Walker’s contemporary modular home on Orcas Island arrived on two flatbed trucks, one carrying the steel frame, the other the side panels. The home was assembled in seven days. A practicing architect for 49 years, he says, “I can’t find anything in
Architect: Senior Housing Resembles Parking Garages Read More
CNNMoney reports that the markets sputtered today as continued economic concerns and a report from the Congressional Budget Office that the deficit in 2012 is projected at 1.3 trillion all took their toll. The Dow closed at 11,103.12 –20.21 (-0.18%), up for the week, but down -4.10% year to date.
Dow DOWn, Manufactured Housing Mostly DOWn too Read More
MHProNews has obtained the official list of award winners from the 2011 Manufactured Housing Institute (MHI) annual meeting held earlier this week in Phoenix AZ. MHI’s Chairman Award: Tim Williams, President, 21st Mortgage Corporation State Association Executive of the Year: Deanna Fields, Executive Director, Manufactured Housing Association of Oklahoma Jim
MHI Annual Award Winners and Board Officers Read More
The Department of Housing and Urban Development (HUD) announces a meeting of the Manufactured Housing Consensus Committee (MHCC) will be held Oct. 18-20, 2011, at the Sheridan Suites Alexandria in Alexandria, Virginia, beginning at 9 AM on the 18th. Citizens wishing to address the committee are encouraged to contact the
MHCC Set to Hear from HUD Housing Program Read More
villagesoup reports a survey of 3,000 renters and home owners showed 68 percent say it is a good time to buy a home, although the tight credit and uncertain job market continue to dog actual sales. “We thought people would be soured after watching home values fall, but instead we
Would-be Homeowners Dream, Economy Screams, “Not Yet” Read More
ArgusLeader reports modular producer Builders Choice will open in Vermillion, South Dakota, later this month adding 30 jobs initially, with expectations to double that number by year’s end 2012. Company president Mark Larson says this site was chosen for the available labor, central location, and access to transportation. The Anchorage-based
Alaska Modular Builder to Begin Production in S. Dakota Read More
DailyItem reports from Pennsylvania that two modular home builders, Integrity Building Systems Inc., of Milton, and Icon Legacy Custom Modular Homes LLC, of Selinsgrove, have agreed to merge operations by year’s end. Icon Legacy, owned by Don Stimley, has been in business four years in Selinsgrove. Stimley will lead the
Two PA Modular Builders Merging Read More
CNNMoney reports the Dow Jones Industrial Average gained for the third day in a row, moving up 183.38 points to close at 11,123.33, an increase of 1.68 percent, as investors were encouraged by the European Central Bank’s policy changes. The Yahoo! Finance Manufactured Housing Composite Value fell -0.75 % to
Dow Climbs Third Straight Day, Housing Stocks Up and Down Read More
WorldPropertyChannel reports National Association of Home Builders (NAHB) assistant vice-president and economist Robert Dietz says eliminating or reducing the mortgage interest deduction (MID) would hurt the chances for younger families to buy homes, as well as damage the already shattered housing industry and the economy in general. Testifying before the
NAHB Implores Senate to Keep MID Read More
BerksmontNews reports the MH retail business Leo Houck began along Old Route 22 west of Hamburg, Pennsylvania, is now located in Shoemakersville, just north of Reading, and is celebrating its fiftieth birthday. His daughter, Athian Wilson, took over the business after he passed away in 1973, and now operates it
MH Dealer Celebrates Golden Anniversary Read More
