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.
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
Housing may seem like it’s in the tank, but a look by Forbes at markets over the last decade tells a different story. The magazine reports that the value of a square foot of housing in the U.S. is up 58 percent from its January 2000 level. New York performed
Housing Outperforms Stocks for the Decade Read More
HousingWire reports that double-digit declines in the mortgage delinquency rate for all 50 states will occur through next year, according to TransUnion. The company expects the national mortgage delinquency rate to fall by about one-fifth to 4.98 percent by the end of 2011. The company projects the rate at 6.21
Double-digit Declines in Mortgage Delinquency Projected Through 2011 Read More
Construtech ran an article about smart appliances coming to the construction industry from General Electric. GE Appliances & Lighting plans to launch a portfolio of products that provide insight into energy usage across the home. The article says through a series of products that leverage connected technologies, such as smart
Smart Appliances on the Horizon Read More
The Manufactured Housing Institute reports in its Week in Review that the Environmental Protection Agency recently announced new requirements for qualifying site-built and modular homes for ENERGY STAR, which will go into effect beginning next year. The Systems Building Research Alliance is in the process of revising the modular program
EPA Announces New Energy Star Requirements for Modular Housing Read More
UPI.com reports that there may be a large shadow inventory of foreclosed homes in the American Heartland. The reason: no data is collected from small lenders or lenders that operate exclusively in rural areas. Homeowners in the heartland struggle with many of the same factors that plague urban and suburban
Rural Foreclosures: The Hidden Heartland Inventory Read More
A U.S. mortgage sub-sector historically known for its problematic performance has emerged as one of its more stable performers, according to Fitch Ratings in a new report. The manufactured housing sector has experienced very slight increases in loss severities, net loss rates and 60-day delinquencies over the last year. This
Fitch: U.S. Manufactured Housing Remains Stable Amid Market Turmoil Read More
With plans to change the Mortgage Interest Deduction (MID) being presented to Congress in hopes of reducing the federal budget deficit, MHMSM.com, along with homebuilders, industry and realtor groups is urging the maintenance of the benefit in its full potency. “The owners of manufactured homes, like all homeowners, benefit from
MHMSM.com Urges Preservation of Mortgage Interest Deduction Read More
Stocks fluctuated throughout the day Monday as oil prices hovered at a two-year high and silver hit a 30-year high. The Dow ended down about 20 points. The Manufactured Housing Composite Value moved up a percentage point, however, as some companies added to their share price. Deer Valley added 14
Stocks Fluctuate on Wall Street Monday Read More
Solar Village Homes of Boulder, Colorado announced recently it has chosen Epoch Homes to manufacture the Solar Village line of energy-efficient systems-built homes. Epoch will build the Solar Village Prefab Homes in the six New England states, New York and New Jersey. “Epoch Homes is proud to add these cost
Epoch Homes Chosen to Build Solar Village Homes Read More
A call to Jim Dietrich, vice president of sales at Roy’s Home Center in Gobles, Michigan on another matter allowed us some insight into the market there. Somewhat expected, Dietrich reported sales of manufactured homes to be slow, similar to the over-all housing market. “We’re having a hard time getting
A Housing Market Report from Michigan Read More
After a day in the red, the Dow closed modestly higher Friday following a week of strong gains. News that the unemployment rate rose to 9.8 percent in November brought the blues to Wall Street for most of the day. Construction companies contributed to the lower numbers, slashing some 5,000
Friday’s Cloud Over the Dow Breaks Over MH Index Read More
McMansions are rapidly becoming the housing equivalent of harvest gold appliances as more Americans are opting for smaller residential footprints, according to a new Relocation.com consumer lifestyle survey. Small homes in the suburbs? Sound like a market the manufactured home industry could tap into! In the survey, homeowners and buyers
More Americans Seek Smaller Homes in the Suburbs Read More
With plans to change the Mortgage Interest Deduction (MID) being presented to Congress in hopes of reducing the federal budget deficit, homebuilders, industry and realtor groups are urging the maintenance of the benefit in its full potency. National Association of Homebuilders (NAHB) Chairman Bob Jones recently said reducing the benefit
MHI, Realtors, Home Builders Urge Action to Save Mortgage Interest Deduction Read More
Markets continued to rally Thursday with the Dow moving up more than 100 points on new U.S. home sales, and retail sales topped estimates. The Manufactured Housing Composite Value gained half of one percent. Top performers among manufactured housing and related stocks include Drew Industries, up more than four percent;
Dow Continues to Rally Read More
Drew Industries, a leading supplier of components for recreational vehicles (RV) and manufactured homes, announced Thursday that its Board of Directors approved a special cash dividend of $1.50 per share of common stock. The dividend is payable on December 28, 2010 to stockholders of record at the close of business
Drew Industries Declares Special Cash Dividend Read More
From Oregon, the Gazette Times ran a story indicating struggling Palm Harbor Homes won’t close despite bankruptcy filing. The report indicated a 120-employee plant in Millersburg, Oregon will continue operations as usual. It is one of five Palm Harbor facilities in Oregon. Officials said the filing comes after four years
Palm Harbor Plant in Oregon to Continue Operating Read More
The Dow Jones Industrial Average rose just shy of 250 points on Wednesday as Goldman Sachs raised their forecast for U.S. economic growth. Manufactured housing and related stocks also closed mostly higher. Universal Forest Products was up nearly five percent, Drew Industries was up 3.6 percent and Cavco rose 2.6
Stocks Soar into December Read More
