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.
A volatile market ended the day with the Dow up 60.85 points, or 0.53%, to 11444.53. Jobs reports, an EU/Italian debt deal and other factors kept investors fears elevated. The Yahoo! Finance Manufactured Housing Composite index closed down, -2.81% to 1019.3. Berkshire Hathaway – parent of Clayton, VMF and other […]
Roller Coaster Markets end up, but concerns continue Read More
MHI reports 5,024 new homes shipped in June 2011, down 7.5 percent from June 2010. Multi-section homes shipments were down compared with the same month last year. Single section homes shipments showed an increase. 2011 has seen declines in all of the six months compared to the same period in
Manufactured Homes Shipments decline in June 2011 to 5,024 Read More
Chinese factory home and office builders are targeting world markets, including “North America.” Western style literature uses key buzz words: low cost construction, green building, sustainable, easy transport and rapid installation. They build to Europe’s CE standards, Australia’s AS and the UL standards for North America. They produce container houses,
Chinese home builders targeting U.S., Canadian markets Read More
Zacks reports the top five companies in the residential REITs (Real Estate Investment Trust) industry as measured by dividend yield. UMH Properties (AMEX:UMH) ranks first with a dividend yield of 6.6%. UMH is followed by Sun Communities (NYSE:SUI), ranking second with a dividend yield of 6.6%. Home Properties (NYSE:HME) and
UMH, Sun Communities top REITs list on dividend yields Read More
Jetsongreen reports that New Avenue Homes, has sited a Clean Tech tiny home on display in San Jose. This particular home is only 500 square feet, reminiscent to space use at an Ikea store display. There is a living, kitchenette, bedroom, walk in closet, bath, loft for sleeping, storage and
Clean Tech Tiny House sited near San Jose city hall Read More
MHARR President Danny Ghorbani spoke with MHProNews.com exclusively this morning to make the following ‘on the record’ statement. “We (MHARR) fully support all the efforts that retailers, communities, finance companies and state associations are trying to do to modify the Dodd-Frank and SAFE Act legislation that harms our industry’s post-production
MHARR officially supports Dodd-Frank and SAFE Act reform by MHIndustry Read More
Yesterday’s brief rally now looks like a pause, as 9 days out of 10 in market trading end in the worst finish in years. The close was at 11,383, as three indices plummeted 10%. CNNMoney reports over 45 million Americans are on food stamps, some 15% of the population. The
Dow Plunges 500 points in worst day since financial crisis Read More
RealEstateRama picked up a press release yesterday from the Manufactured Housing Institute (MHI), issued by their president and CEO, Thayer Long. The article was likely aimed at the public, and thus within the scope of the ‘protect and promote’ mandate that associations correctly hold dear. Comments to MHMSM.com from readers
Manufactured Housing Industry growing market share? MHI says yes, pros question it Read More
SFGate reports the debate taking shape over the Dodd-Frank Act and its impact on financing and American housing. Seven agencies working under twin Dodd-Frank mandates decide in months which mortgages will be labeled low-risk. “This is the first step in reshaping our housing finance system,” said Ethan Handelman, vice president
Reshaping Financial System during Great Recession? Dodd-Frank Scrutinized Read More
FayettvilleObserver reports the North Carolina State Energy Office announced Wednesday a $1,500 rebate to home buyers who purchase energy-efficient manufactured homes through the end of 2011. An earlier rebate plan was for $500. “We’re making it even more attractive for consumers to buy energy-efficient manufactured homes,” said Nicole Dyess, residential
New manufactured home retailers have rebate program marketing opportunity Read More
Zacks reports that Equity Lifestyle Properties (NYSE:ELS) is the best performing REIT among the top five Real Estate Investment Trusts. Equity Lifestyle Properties (NYSE:ELS) gain of 1.77% makes them the current leader. Education Realty Trust (NYSE:EDR) ranked number two gaining 1.64%. Apartment Investment & Management (NYSE:AIV) ranks third, having lost
Top REIT stock? Manufactured home community giant Equity Lifestyle Properties Read More
CNBC reports that one outcome from the debt ceiling hike debate was a drop in the Treasury rate. This in turn moved mortgage rates to near new lows. 30 year rates are at 4.45 percent from 4.57 percent, and the 15 year rate made a new low of 3.52 percent,
Declining mortgage rates may not boost housing Read More
The Dow nudged up one-quarter of a percent (+29.82 points) for the trading day, closing at 11,894.44, as cautious investors turned to gold and bond stocks. The Yahoo! Manufactured Housing Composite index also rose, moving up 3.14% to finish at 1051.30. Several housing stocks regained lost ground for the day.
Dow Ends Eight Day Slide as Many Housing Stocks also Gain Read More
Some 350 leaders from the RV and Manufactured Housing industries gathered at the RV/MH Hall of Fame in Elkhart to dine on surf and turf while honoring the class of 2011 inductees. Hodge Patel from U.S. Congressman Joe Donnelly office said: “Each year about 45 million vehicles travel the Indiana
RV/MH Hall of Fame inducts 10 in ceremony Read More
MyDesert reports a state mandated change compelled the La Quinta City Council to amend its affordable housing plan. The mandate requires construction of 2,585 low-to-moderate-income housing units by 2014, nearly triple what was previously planned. The amendment identifies vacant and underused land where housing can be built to meet Regional
La Quinta forced to amend affordable housing plan Read More
PressofAtlanticCity reports Circul Custom Builders received unanimous approval from the Land Use Board for a modular home sales center. “These are environmentally controlled construction, or EC2. We’ve sold three houses in the last month, and we don’t even have an office up yet,” developer Nicholas Garofolo stated. Circul Custom Building
Long abandoned Route 72 property OK’d for modular sales center Read More
FoxNews reports that Millennium award winner Beyonce picked the Oakdale Mobile Home Park in South Brunswick NJ to film her latest music video. Residents watched the Grammy award winner shooting “Party” for her album entitled “4.” An Airstream was part of the backdrop, as well as a park themed mural.
“Mobile Home Park” site where Beyonce shoots music video Read More
Concerns over the business impact of the freshly struck federal debt ceiling limit deal in DC sent stocks tumbling yet again. The Yahoo! Manufactured Housing Composite index followed the broad decline, dropping -2.81% to close at 1019.30. Berkshire Hathaway, parent of Clayton Homes, Vanderbilt Mortgage and Finance, and other manufactured
Stocks tumbled again, Manufactured housing stocks follow Read More
BusinessWeek reports that Palm Harbor Homes Inc. plans to file a Chapter 11 plan by the end of this week. Palm Harbor sold assets to Fleetwood Enterprises Inc. in April for $83.9 million. Palm Harbor pleadings to the bankruptcy court to extend exclusive filing rights until Aug. 8. The company
Palm Harbor Homes To File Plan this Week Read More
TheStreet and NuWireInvestor report that provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act set the stage for higher minimum down payment requirements. The National Association of Realtors (NAR) and 44 other organizations criticize changes that can raise down payments to 20% minimum or more. These fuels fears
Mortgage Bankers and National Association of Realtors push to modify Dodd-Frank Read More
