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.
Marketwatch reports that Origen Financial Announces Second Quarter 2011 Results. Origen is real estate investment trust managing residual interests in securitized manufactured housing loan portfolios. They reported a net loss of $3.5 million, or $0.13 per share, for the quarter ended June 30, 2011, as compared to a net loss …
Origen Financial releases 2 Quarter 2011 statements Read More
CNNMoney reports that the Dow Jones Industrial Average closed at 10,849.02, up modestly +31.37 (+0.29%) after the recent declines, which have still left the market down 6.29% year to date. Yahoo! Manufactured Housing Composite Index value stood at 726.2, up +0.59%. TheStreets ratings downgraded AMG to a ‘hold,’ but the stock …
Market’s nudge ahead, but still down over 6% YTD, MH Mixed Read More
RecordPub reports that Valley Hills Mobile Home Park owners will be paying $314,000 to the county water resources department that was in arrears. County officials threatened a cut off of service to the community located on Sandy Lake Road in Rootstown, OH. Buckeye Portfolio LLC of Burbank CA reportedly paid …
County service shutoff to community abated as owners agree to pay $314,000 bill Read More
Bloomberg reports that Sanjay Jain called his real estate broker four days ago to cancel a purchase on a three-bedroom home in Folsom, California, citing recent market volatility. “Seeing what’s happening on the stock market made me think that it’s not a good time to be buying a home,” Jain …
Case says market instability sapping would be buyers, housing drags Read More
Patrick Industries reports the announcement of John A. Forbes to its Board of Directors, effective August 18th, 2011. The 51 year old Forbes is the President of Utilimaster Corporation, a subsidiary of Spartan Motors, Inc. Prior to being named President in July 2010, Mr. Forbes was the CFO of Utilimaster …
CUInsight reports that the economic downturn continues to challenge financial institutions nationwide, but credit unions in Louisiana can take advantage of the opportunities to expand mortgage lending. This is particularly true among low- and moderate-income populations, says Terri J. Fowlkes, Director of Community Development Investments at the National Federation of …
LA Credit Unions looking at Manufactured Home Lending Read More
Morningcall reports Bethlehem (PA) Planning Commission, disapproved plans for a 58-unit housing development off Applebutter Road. The commission’s disapproval was based mainly on the developer not providing adequate information about key aspects of the plan. These included details on storm water run-off and infiltration, a sewage pumping station, plans addressing …
CNNMoney reports the Dow dropped again, closing at 10,817.95, down -172.63 (-1.57%.). Gold shined, hitting record levels of $1,854.10 +1.90 +0.10%. Most manufactured housing related stocks fell. The Manufactured Housing Composite Index closed at 744.3, off – 4.93%. Affiliated Managers Group, 77.06 0.33 (0.43%). Clayton, VMF and other building, lending …
UnionLeader reports that Texas Governor Rick Perry made a campaign stop at Pembroke based modular producer Epoch Homes. While at Epoch, presidential hopeful Perry called for reduced regulations to get businesses creating jobs in the U.S. instead of outsourcing them overseas. Perry met with Epoch employes, in typical New Hampshire …
Presidential hopeful makes campaign stop at New Hampshire Modular producer Read More
Bloomberg reports that the drop in real estate values has not helped reduce housing costs. Due in part to more households entering the ranks of renters, the cost of shelter has actually risen in the U.S.. The Labor Department reports that year to date through July, shelter costs have risen …
NewsSentinel reports that Dexter Axel plans to ad 60 new jobs by the start of 2012. The northeastern Indiana firm anticipates an average hourly wage of $18.50 for these new positions. The jobs will include machining, welding, heat treating components for axles. Dexter said the picked Albion IN because it …
Realtor provided a commentary by Lawrence Yun, the National Association of Realtors (NAR) respected chief economist. Yun stated that U.S. GDP is still below 2007 levels, even though we have 10 million more in the “workable age of 16 and over.” Yun said, “In short, it seems like “’Progress in …
MHARR and other sources reported on the August 17th MHCC conference call with HUD. The Manufactured Housing Association for Regulatory Reform (MHARR) release provided a brief history on how HUD moved from “voluntary compliance” on expanded in plant inspections which was later deemed “not optional” by HUD. This was done …
HUD accused of ‘end around’ that poses threat to manufactured housing companies Read More
CNNMoney reports that stagflation, recession and Euro-debt concerns are among the factors that caused investors to retreat, with a sharp decline on the markets today. The Dow closed down at 10,990.88, off -419.33 -3.68%. The Manufactured Housing Composite index dropped even more sharply, to 744.3, off -4.93%. Affiliated Managers Group …
Bears Back, Dow down over 400, Most MH dive, Nobility Homes bucks trend Read More
Forbes reports that the Sage of Omaha – billionaire investor Warren Buffett – believes that housing is the key to the economic recovery. Buffett, whose Berkshire Hathaway owns Clayton Homes, Vanderibilt Mortgage, and other factory built housing, lending and building suppliers, believes most banks and corporate profits are in good …
Signal reports that Sal Aranda and NAR’s chief economist Lawrence Yun have taken public stands against elimination of the mortgage-interest tax deduction. Aranda stated that “Realtors believe that changes to the mortgage-interest deduction now, or in the future, could threaten recent progress toward stabilizing the housing market…critically erode home prices …
Forums says Tax Break necessary for housing market, U.S. Economy Read More
HuffPost reports on a public exhibition of The Futuro House. Designed by Finnish architect Matti Suuronen’s Futuro House was created in the late 1960s. The prefab ‘kit’ style home was designed to be highly portable. First presented at an October 1968 fair in London, it met with considerable public interest. …
News-Journal reports that Michael Dunn’s third effort at getting an okay for a development for manufactured homes has meet with approval by the Planning and Zoning Commission. The proposal now moves on to the city council, where a simple majority on September 8 could clear the way for Dunn’s project. …
New manufactured housing development planned near Greggton Read More
CNNMoney reports that the Dow closed today at 11,409.91 up +3.98 (+0.03%). The Dow’s 52 week range has had a low of 9,937 and a high of 12,876. The markets are off -1.46% Year-to-Date. Yahoo! Finance Manufactured Housing Composite value closed at 783.0, up +0.12%. Affiliated Managers Group, closed down …
Dow continues steady recovery, Manufactured Housing Composite rises Read More
BlueRidgeNow reports that Roger King has been charged with two counts of obtaining property by false pretense. North Carolina Division of Insurance Commissioner Wayne Goodwin stated that authorities are looking for other possible victims of the accused manufactured home retailer. The Manufactured Building Division and the Department of Insurance received …
