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 report on Bloomberg citing information from Realtytrac indicates there could be a 20 percent jump in foreclosure filings in 2011 as banks resume seizures. The good news: the article indicates the peak in foreclosures and the bottom in notices of default, auction or repossession in 2010, a 2 percent …
From Maine, the Portland Press Herald reports that roughly 40 Maine businesspeople met Wednesday with Sen. Olympia Snowe and Elizabeth Warren to discuss how the emerging Consumer Financial Protection Bureau with broad authority to regulate the nation’s financial system might affect Maine businesses. Warren, who is tasked with setting up …
Regulators Hear MH Industry Concerns Over New Agency Read More
Lifestylist® Suzanne Felber is on location at the National Association of Home Builder’s (NAHB) International Building Show (IBS) in Orlando, Florida and reported that manufactured homes on display by Champion and Palm Harbor Homes were receiving a lot of traffic. Felber was also the Lifestylist® on the New American Home, …
MHMSM.com team members and associates are on the ground this week at major events – including the Louisville Manufactured Housing Show and the International Building Show, the housing industry’s largest annual trade show and exhibition, in Orlando. Look for reports posted daily… including “Live from Louisville” videos by Publisher, Marketing …
Stocks finished at two-year highs Wednesday as the Dow rose more than 83 points. Performance by manufactured housing and related stocks was mixed, however. Closing higher were Drew Industries, Barnes Group, UMH Properties and Universal Forest Products. Closing lower were Cavco, Deer Valley, Skyline Corporation, Sun Communities and Walker and …
From Alberta, Canada comes news that despite a slower market, housing prices are on the rise. The Quesnel Cariboo Observer reports that the median value of the 115 single family homes sold in Quesnel 2010 was $181,000. In addition, 21 parcels of vacant land, 53 homes on acreage, 27 manufactured …
The website EcoHome ran an article this week outlining six trends for green homes. They include the obvious: energy efficiency, density and location (high gas prices and long commutes are driving this trend), health, performance monitoring, water conservation and getting more for the money. Highlighted in the article is Rheem’s …
Renowned Peruvian economist Hernando de Soto wrote a book in 2003 called the Mystery of Capital. In it he espoused the theory that many countries don’t take off economically because without private property, would-be entrepreneurs can’t borrow money to start businesses. According to a recent item in Fortune, Colin Barr …
Home Price Declines Could Put Improvement in Employment on Hold Read More
From Tennessee, Blount Today reports that the Community Partnership Award given by Maryville Schools Foundation has been presented to Clayton Homes. The award is granted to a business that serves as a sustaining partner through financial support for the Maryville City Schools and youth programs in the community. As the report …
Community Partnership Award Presented to Clayton Homes Read More
The Federal Reserve reports in its Beige Book that twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Conditions were said to be improving in the Boston, New York, Philadelphia and Richmond Districts. Activity increased modestly to moderately in the Cleveland, Atlanta, Chicago, …
FMI, the largest provider of management consulting, investment banking and research to the engineering and construction industry, reported that as of the 4th quarter, the Non-residential Construction Index (NRCI) has been in positive territory for three quarters in a row, but only slightly positive. Most of the major components are …
Modular Expected to Outpace General Building Market Read More
MHMSM.com team members and associates are on the ground this week at major events – including the Louisville Manufactured Housing Show and the International Building Show, the housing industry’s largest annual trade show and exhibition, in Orlando. Look for reports coming soon.
The Dow came to a close Tuesday with 32 points added to the index. The Manufactured Housing Composite Value was up one percent. Top performers include Skyline Corporation, Liberty Homes and Cavco. Closing lower were Drew Industries, Equity Lifestyle Properties, Global Diversified Industries and Universal Forest Products.
From North Carolina comes news that while construction in Watauga County declined again in 2010, things may be ready for a rebound. The Watauga Democrat reports that new housing starts declined nearly 20 percent last year, with 115 single-family homes, three single-family attached homes and four multi-unit buildings constructed, and …
Savannah Now reports that a flawed zoning map could tie the city of Tybee up in litigation. Since the issue came to light, many residents have found their properties are shown as being in a commercial zoning district that does not list single-family homes as an allowable use. According to …
Housingwire reports that three of six upcoming House Oversight investigations involve housing finance. Darrell Issa (R-Calif.), the new House Oversight and Government Reform Committee Chairman, indicates the investigations will include the role of Fannie Mae and Freddie Mac in the foreclosure crisis, the effect of business regulations such as the …
Republican Issa Wants to End Fannie and Freddie Subsidies Read More
U.S. Chamber President and CEO Thomas J. Donohue, presented remarks on the state of American Business today at a National Chamber Foundation event in Washington, D.C.. In his remarks, Donohue says he is cautiously optimistic that the recovery will continue and pick up steam as the year progresses. Overall, he …
From Kansas, the Salina Journal reports community owners are concerned about the city’s effort to clean up some of the town’s 13 mobile home parks. According to the report, Salina’s director of community and development services, told commissioners that city staff found caved-in roofs, missing doors, steps and skirts and …
Concerns in Europe sent stocks lower Monday with the Dow closing down 37 points. That marked improvement from earlier in the day when it was down 100. Most manufactured housing and related stocks were off as well. Skyline Corporation was down more than four percent and Nobility Homes was off …
SmarTrend reports it has identified an Uptrend for Sun Communities on July 27, 2010 at $29.40. The website says in approximately five months, Sun Communities has returned 15 percent. The site says the company is trading 97 percent above a 15-week low price.
