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.
Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011, according to the December 2010 Economic Outlook released today by Fannie Mae’s (FNMA/OTC) Economics & Mortgage Market Analysis Group. Downside […]
Economic Outlook Brightens According to Fannie Mae Read More
The Manufactured Housing Composite Value lurched forward two more percentage points Monday as major stocks logged gains in their share price. Cavco ended the day up more than four percent, Nobility Homes was up more than five percent and Skyline Corp. gained more than one percent. Equity Lifestyle Properties and
MH Index Continues Its Rise Read More
Zack’s Investment Research reveals that analysts expect Cavco will end 2010 with profits following losses in 2009. Zack’s says in the last fiscal year, the company lost $0.52 per share. Cavco Industries is now estimated to attain profitability and earn $0.09 per share this year, based on 6.6 million shares
Analysts Expect Cavco to Show Substantial Profit for 2010 Read More
From North Carolina, the Salisbury Post reports the City Council there will consider a large rezoning of approximately 43.6 acres from General Residential to Manufactured Home Development. According to a memo cited in the report, the rezoning alleviates a nonconforming situation for this residential area that is primarily developed with
Rezoning to Alleviate Nonconforming Situation for Manufactured Homes Read More
The Federal Trade Commission (FTC) will begin enforcement of the Red Flags Rule on December 31, 2010. The FTC issued regulations (the Red Flags Rule) on November 9, 2007 requiring financial institutions and creditors to develop and implement written identity theft prevention programs as part of the Fair and Accurate
FTC to Enforce Red Flags Rule December 31 Read More
From Washington State, the HeraldNet reports that residents of manufactured home communities in the city of Lynnwood are being reassured by a new law that requires community owners in the city to go through a rezone process before selling the land to be used for other purposes. The report indicates
New Law Helps Prevent Community Closures in Washington Read More
The Huffington Post ran a column Monday by Minnesota Senator Al Franken on the topic of net neutrality. The concept favors a level playing field online for businesses large and small and small publishers like MHMSM.com and large media conglomerates. Franken says the draft regulations written by FCC Chairman Julius
FCC to Discuss Net Neutrality Rules Tuesday Read More
EarthTechling reports that a new California home by Utah-based Irontown Homes is expected to receive LEED Platinum certification, the U.S. Green Building Council’s highest eco rating. The Los Altos home designed by LivingHomes and architect Ray Kappe, may actually exceed USGB’s point requirements. The company cites a climate-controlled factory manufacturing process
California Modular Could Exceed Requirements for LEED Platinum Read More
From Delaware, the Cape-Gazette reports that Sussex County officials have approved a series of amendments to ordinances regulating manufactured home communities. The county council voted unanimously December 14 in favor of amendments to better define emergency ramps and remove some restrictions on the replacement of accessory buildings, such as sheds.
Delaware County Adopts Manufactured Housing Ordinances Read More
The Manufactured Housing Composite Value jumped more than ten percentage points Friday as the Dow ended the day seven points lower. Leading the way was Skyline Corporation, ending the day more than 14 percent higher and closing at $27.50 a share. Deer Valley Corp. was up ten percent for the
Manufactured Housing Composite Jumps Ten Points Read More
From California, the Lookout News reports that the Santa Monica City Council approved new funding to help residents of Santa Monica’s oldest mobile home community upgrade to new manufactured homes. The financing program for new manufactured homes at Mountain View Mobile Home Park will facilitate the purchase of a maximum
Santa Monica Provides Fund for New Homes Read More
A new feature on Google being called the Books Ngram Viewer provides a historical reference to any terms used frequently enough to show on its charts. The books searched go back to the 1500s. About 72 percent of the books included were written in English. For instance, the charts show
Google Tracks Book References to Popular Terms Read More
A new Fannie Mae study may provide insight into the future buyers of manufactured homes. Fannie Mae released the second installment of its 2010 Own-Rent Analysis finding the U.S. population is projected to grow by nearly 130 million people over the next 40 years and much of this growth will
Desire for Home Ownership Crosses Racial Lines Read More
The Dow spent most of the day in the green and ended with a third percent gain of 41 points. The Manufactured Housing Composite Value gained more that one percent. Big gainers included previously mentioned UMH Properties, up more than four percent, as well as Barnes Group and Cavco, each
Stocks Post Gains Thursday Read More
UMH Properties announced that on December 15, it closed on the acquisition of five manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000. With this closing, UMH owns 35 communities containing approximately 8,000 sites. UMH says these all-age family communities total 824 sites situated on 215
UMH Properties Closes On Five PA Manufactured Home Communities Read More
CNBC reports Berkshire Hathaway is issuing $500 million of new notes to refinance a mortgage-lending unit. Berkshire uses the money to finance mortgages for people who buy homes from its manufactured homes unit, Clayton Homes. The report indicates investors can buy the bonds in thousand-dollar increments, with a minimum purchase
Berkshire Hathaway Issues $500M of 2015 Notes Read More
Connexion Technologies recently partnered with The Hope Center, a non-profit serving Gwinnett Estates, a manufactured home community in Loganville, Georgia. Connexion Technologies donated 12 laptops as well as high speed Internet service for the center. The Hope Center is a community outreach ministry of Graystone Church at the Gwinnett Estates. This
Connexion Creates Technology Center for Manufactured Home Community Read More
The Commerce Department’s U.S. Census Bureau released data on new residential construction in November 2010. Permits for new housing units declined four percent in November, compared with private-sector expectations of a moderate 1.4 percent rise. Housing starts increased 3.9 percent, below private-sector expectations of a 6.0 percent increase. However, with
New Housing Permits Decline Read More
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7
Mortgage Applications Decrease in Latest MBA Weekly Survey Read More
Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Wednesday. “Builders are bracing themselves for a slow holiday season as a number of factors continue to
Builder Confidence Remains Flat in December Read More
