Trends

Will Sandy’s Destruction Spur Re-construction on the East Coast?

By / / Economy, home buyers, Manufactured and Modular Housing News, Trends

Housing industry analysts are skeptical about whether the construction that will result from Hurricane Sandy will offset the property damage that occurred. NationalMortgageNews reports Ken Simonson, president of the National Association for Business Economics and chief economist at the Associated General Contractors of America, does not regard it with much […]

Will Sandy’s Destruction Spur Re-construction on the East Coast? Read More

Has Homebuilding Hit a Bump?

By / / Business, Company News, Economy, Manufactured and Modular Housing News, Trends

CNNMoney reports homebuilder D. R. Horton (DHI) missed revenue estimates in the third quarter 2012, but notched a profit that beat estimates. Meanwhile, Beazer Homes (BZH) exceeded its revenue expectations but its quarterly loss was more than anticipated, as it’s stock dropped nearly 14 percent. Horton’s shares fell 3.5 percent.

Has Homebuilding Hit a Bump? Read More

Home Builder Confidence Grows in Sr. Market

By / / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), builder confidence increased in the third quarter 2012 threefold over a year ago, from 12 to 36. A score of 50 or better indicates more builders see conditions as favorable, as opposed to unfavorable. There are

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Home Prices Post Largest Rise since 2006

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

HousingWire reports median single-family home prices rose in 120 out of 149 metro areas, up significantly from the 39 metros that recorded price increases a year earlier, according to the National Association of Realtors (NAR). Showing the strongest year-over-year increase for single family homes since Q1 2006, the national median

Home Prices Post Largest Rise since 2006 Read More

Morning After

By / / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, People, Stocks, Trends

Bloomberg tells MHProNews the Dollar Index, which tracks American currency against that of six of our trading partners, rose 0.3 percent to a seven-week high on the news of President Obama’s re-election, a sign of a weakened dollar. The index hit 80.83 after touching 80.92. Investors are concerned the president

Morning After Read More

Improving Markets Index Spikes

By / / Advocacy, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI), the number of U.S. markets showing consistent improvement increased by 22 to 125, Oct. to Nov. Based on employment, housing permits, and house prices for at least six consecutive months, markets qualifying for the list grew

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Sept. Home Price Increase Largest in Six Years

By / / home buyers, Manufactured and Modular Housing News, Trends

HousingWire reports Core Logic’s Sept. 2012 home price index (HPI) indicates national home prices increased five percent on a year-over-year basis. This represents the largest year-over-year increase since July 2006, and the seventh consecutive month of annual home prices increase. Oct. 2012 home prices, including distressed sales, are expected to

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Zacks Downgrades UFPI

By / / Business, Company News, Manufactured and Modular Housing News, Stocks, Trends

Zacks Investment Research reports Universal Forest Products, Inc.’s (UFPI) 2012 third quarter earnings fell below year ago earnings per share by $0.01 to $0.28, and $0.10 below Zacks Consensus estimate of $0.38 a share. A $2 million Canadian anti-dumping duty severely impacted the low return. Higher lumber prices contributed to

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Modular Growing in Mozambique

By / / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

MHProNews has learned Vela Building Systems (VBS) of South Africa is spreading its modular housing operations and community infrastructure building into other countries in Southern Africa, like Mozambique, where the growth rate is seven percent annually, and Namibia. Anticipated to be the second fastest growing region in the world over

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MH Production Falls in Sept.

By / / Economy, Manufactured and Modular Housing News, Manufactured Homes, Trends

After 13 months of consecutive growth, the manufactured housing industry produced fewer homes in Sept. 2012 than the previous Sept., according to the Manufactured Housing Association for Regulatory Reform (MHARR). Data compiled for the Dept. of Housing and Urban Development (HUD) indicates HUD Code homes produced this past Sept. numbered

MH Production Falls in Sept. Read More

Mortgage Apps Fall, FRM Nudges Up

By / / Advocacy, Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Trends

Tracking the residential mortgage applications through a composite index and covering some 75 percent of all residential applications, the Mortgage Bankers Association (MBA) says new mortgage apps fell five percent for the week ending Oct. 26 on the heels of falling 12 percent and four percent the two previous weeks,

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FEMA: Flood Insurance may be Lacking

By / / Manufactured and Modular Housing News, Trends

In the wake of Hurricane Sandy, the Federal Emergency Management Fund (FEMA) has enough funding for disaster relief, but it may come up short for the federal flood insurance program, MHProNews has learned from CNNMoney. The National Flood Insurance Program (NFIP) paid out $1.8 billion following Hurricane Irene last year,

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Composite Metro House Values Edge Up

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Standard & Poor’s Case/Shiller Index reports in HousingWire U.S. home prices nudged up 0.9 percent in August over July in 19 of the 20 metro areas surveyed. Overall, the ten-city composite index saw an annual price increase of 1.3 percent, while the 20-city composite climbed two percent over last year.

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Home Sales Rise in Mass.

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

According to data from the Warren Group, NationalMortgageNews reports the sale of single-family homes increased eight percent in Sept. over Sept 2011 in Massachusetts, equaling 3,791 homes last month. Although median prices slipped to $277,000 for the state, 13,861 properties were sold during the third quarter, 2,000 more than the

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Oil Boom Hits Bainville

By / / Business, Canada, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

BillingsGazette tells MHProNews Bainville, Mont. in the northeastern part of the state has a population of 300 and town budget of $250,000. ProCore Logistics LLC of Calgary, Alberta, Canada is investing $30 million locally in support of the Bakken oil boom (centered 28 miles away in Williston, North Dakota) for

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Industry Experts Forecast Modest Housing Growth

By / / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

According to Chip Case, professor emeritus of economics at Wellesley College and senior fellow at Harvard’s Joint Center for Housing Studies, the mortgage interest deduction will be on the table after the election as well as other tax reform issues. As WindowFilmMag informs MHProNews, after 44 months housing starts finally

Industry Experts Forecast Modest Housing Growth Read More

Mortgage Applications Fall

By / / Business, Economy, Finance, Manufactured and Modular Housing News, Trends

NationalMortgageNews tells MHProNews according to the Bankers Mortgage Association applications fell 12 percent for the week ending Oct. 19, 2012. Mortgage apps fell 4.2 percent the previous week, according to the trade group’s market composite index, which covers some 75 percent of residential retail lenders. Refinancings as a total of

Mortgage Applications Fall Read More

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