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.
Serving as leading indicators for the sector, two composite multifamily indices produced from NAHB’s survey of multifamily builders and property managers showed improvement in the third quarter of 2010. The NAHB Multifamily Production Index (MPI) increased to a value of 35.6, up from the 26.6 level reported for the second […]
Multifamily Index Shows Improvement Read More
From Massachusetts, Wicked Local Carver reports that some manufactured home owners there may be able to keep their sheds free of additional assessment. Residents of Cranberry Village were warned the town wanted to add the value of sheds and outbuildings to the community’s overall assessment. A petition lead to legislation,
Massachusetts Community Gets Reprieve from Shed Tax Read More
The Dow rose more than 40 points Friday on news of an increase in consumer confidence. While that amounts to an increase of about a third of one percent for the Dow, the Manufactured Housing Composite Value was up more than six percent. Companies contributing to a day in the
Manufactured Home Stocks Best the Dow Read More
T.J.T., Inc, a major supplier of axles, tires, and set-up supplies to the manufactured housing industry, announced a net loss of $1,535,000, or $.34 per diluted share, for fiscal year 2010. Net sales declined 23 percent in the final quarter of fiscal 2010 as compared to the same quarter in
T.J.T., Inc. Reports Results, Net Loss Read More
A new study released today by Fannie Mae finds that most Americans — both those who currently own their homes and those who rent — strongly aspire to own a home and to maintain homeownership, despite ongoing turmoil in the housing market. However, demographic trends such as fewer married couples
Homeownership Still Popular, Renting on the Rise Read More
The Manufactured Housing Institute (MHI) held an information-providing webinar on Thursday concerning its top legislative priority in the coming year, the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law is considered the most comprehensive rewrite of rules governing banking and financial services in decades and is expected to
Dodd-Frank Bill Could Create Additional Barriers to Financing Read More
Stocks started the day with a small rally on news of improvement on the employment front. It was short-lived, however. The Dow was in a state of modest decline through most of the day, recovering later and moving close to green just before close, but not quite getting there. The
Stocks End the Day Down Read More
U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to analysis of recent Zillow Real Estate Market Reports. That brings the total value lost since the market peaked in June 2006 to
Residential Home Value Loss Since Peak Exceeds Cost of 12 Iraq Wars Read More
From California, the Napa Valley Register reports that troubled rental properties there could be replaced with new manufactured homes. The report indicates the county is filing a petition with the Napa County Superior Court to have a third party temporarily take over rental homes at Cuttings Wharf, where officials have
Trouble With Properties in Wine Country Could be Solved with Manufactured Housing Read More
It looks like Champion is joining the Manufactured Housing Association for Regulatory Reform (MHARR). Two independent, reliable sources have told MHMSM.com that Champion has applied to join the organization. According to its website, Champion is a leader in the manufactured housing industry and one of the largest modular homebuilders in
Reports Indicate Champion Joining MHARR Read More
By Office of Congressman Spencer Bachus Congressman Spencer Bachus (AL-6), Chairman-elect of the House Financial Services Committee, announced his appointments for committee leadership positions in the 112th Congress Thursday. In addition to naming the vice chairman and subcommittee leaders, Bachus announced plans to modify subcommittee jurisdictions to promote a more
Bachus Announces Financial Services Leadership Team Read More
Stocks closed up 13 points mid-week after staying close to the even mark all day. The Manufactured Housing Composite Value was off half of one percent. Some manufactured housing and related stocks suffered significant losses, on a percentage basis anyway. Global Diversified Industries was off more than 50 percent to
Stocks End Flat on Hump Day Read More
From the San Luis Obispo Tribune comes a story about scaling down and stepping up into a manufactured home. The article features retirees Saul and Carol Goldberg who downsized to Avila Beach’s San Luis Bay Estates, an upscale community of manufactured homes. Residents own their lots and a homeowners association
Scaling Down and Stepping Up Into a Manufactured Home Community Read More
From Maryland comes a story from Southern Maryland Newspapers Online about plans to increase density in a manufactured home community there. According to a recent report from the county’s Department of Planning and Growth Management, Charles County needs to make more homes available for residents who earn between $30,000 and
Manufactured Homes Could Help Boost Affordable Housing in Maryland Read More
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8
Mortgage Applications on the Wane Read More
From Bloomberg we find a fiscal flood from taxpayers seeking to lower property-tax bills, which threatens to swamp local government budgets across the U.S. From Los Angeles to Atlantic City Bloomberg finds property owners are demanding lower taxes after real-estate values plunged. U.S. home prices are 30 percent below their
Tax Appeals Swamp U.S. Communities Read More
Analysts say for the housing market to make any real improvement, employment has to improve. It may seem counter-intuitive, but a larger number of people walking away from their jobs is being taken as an indication the job market is on the rebound. The latest “Take This Job and Shove
More Quits May Mean Quicker Recovery Read More
After opening 80 points in the green Tuesday, the Dow began to loose steam mid-afternoon and ended the day down three points. Most manufactured home stocks ended the day with little change. The exceptions were Palm Harbor Homes, which ended up three points at 13 cents a share, and All
Early Rally Ends in the Red Read More
From Arizona, the Casa Grande Dispatch ran a story Tuesday recalling the history of Palm Harbor Homes in the community. The company had both a production plant and retail sales office in Casa Grande until the plant closed in early 2009. The sales office closed early this year. The newspaper
Arizona Community Recalls History of Palm Harbor Homes There Read More
Businessweek reports that Warren Buffett’s Berkshire Hathaway Inc. plans to sell $500 million of notes to repay debt used by its Clayton Homes manufactured housing unit. The magazine reported on its website that five-year senior notes may be issued through Berkshire Hathaway Finance Corp. and may pay about 87.5 basis
Berkshire to Sell $500 Million in Notes to Repay Clayton Debt Read More
