Santa Claus is back at the North Pole and today the market went South. The Dow closed down almost 140 points after strong recent performance. The Yahoo Finance Manufactured Housing Composite followed, ending the day down nearly five percent. The days decliners include Allied Management Group, down $2.39 (2.47 percent) …
From Virginia and the Tidewater News, MHProNews.com finds a tale about housing woes there. One builder quoted in the article says he went an entire year without a housing start. The article confirms, Southampton County experienced a 15-year low for new-home starts in 2011. To date 2011 had just 39 …
From Port Stephens, Australia and the Port Stephens Examiner, MHProNews.com has learned that the community of Anna Bay is set to have a 229 long-term site caravan park for manufactured homes. Local leaders recently approved the project, despite a staff recommendation to refuse it. In the first phase the community …
From Oregon and the North Coast Citizen, a letter to the editor shares the pain of Jeff Schlip Nehalem whose son had to find close to $1,500 to pay a tax levied by the school district there in order to place a manufactured home in the district. “Recently my son, …
From Housing Predictor, MHProNews.com has learned that record high prices farmers are being paid for crops in the Mid-West are pressuring home prices and inflating values there. According to the article, in 2012 15 states will witness at least some cities with inflating home prices. This is largely due to …
Crop Prices and Other Factors May Contribute to Housing Inflation in 2012 Read More
An October 30, 1981 article published by Knight-Ridder which came up on a Google search today says boldly that Manufactured Housing may be the only way consumers can afford the American Dream. The reason: sky-high interest rates. The article professes that “if builder’s can lower construction costs by 50 percent, …
Stocks edged up modestly throughout the day Tuesday, but in the end the Dow slid into the red, closing down .02 percent. The Yahoo Finance Manufactured Housing Composite ended down more than one percent. Advancers include Allied Managers Group , up .04 cents (.04 percent) to $96.78; Equity Lifestyle Properties, …
The Columbus Dispatch today highlights a new museum exhibit there, and offers a peak inside a prefab home from the 1950s. An exhibit set to open in late 2012 at the Ohio Historical Center features a reconstructed Lustron home. The homes were billed as “the House America Has Been Waiting …
Data released today by S&P/Case-Shiller Home Price Indices show decreases of 1.1 percent and 1.2 percent for the 10- and 20-City Composites in October vs. September. Nineteen of the 20 cities covered by the indices also saw home prices decrease over the month. The 10- and 20-City Composites posted annual …
A report from Fort St. John in British Columbia published by Energetic City tells of a Christmas morning fire in what the paper calls a modular home, then later a mobile home. The home was located at the Peace Country Mobile Home Park in Fort St. John. The article says …
Article About Christmas Fire Doesn’t Tell the Whole Story Read More
Ordering homes for a Canadian region in desperate need of housing is one thing. Getting them to the remote location is another. The first modular homes destined for the Canadian region of Attawapiskat are now about half way there. That’s according to a report from CBCNews. MHProNews.com has learned four …
Modular Homes Destined for Attawapiskat Traverse Wind, Travel on Ice Road Read More
MHProNews.com learned from CNNMoney that new home sales rose in November. The report, released by the U.S. Census Friday, indicates the annualized rate of 315,000 is up 1.6 percent compared with the revised October rate of 310,000 and 9.8 percent higher than November 2010. It all may be adding up …
Santa Claus arrived on Wall Street today on the last trading day before the Christmas holiday, adding more than one percent to the down, nine to the S&P and 19 to the Nasdaq. The Yahoo Finance Manufactured Housing Composite Index did not mirror the broader averages, however and ended the …
Newtek Business Services recently announced the release of the SB Authority Index for November 2011 reaching 109.48 points. Newtek says the SB Authority Index is up .31 percent from October 2011. The report says some states like Wisconsin, Ohio and Oklahoma have declining unemployment rates as governors there have cut …
From Vermillion, South Dakota and the Vermillion Plain Talk, MHProNews.com has learned that a new modular manufacturing facility there will build modular units to serve a variety of commercial applications, from worksite housing, hotels and apartments, to office and administration facilities. Builders Choice, Inc., of Anchorage, Alaska, held its opening …
Sun Communities, Inc. announced yesterday that, on December 16 it acquired three Florida recreational vehicle communities, personal property and other associated intangibles from Club Naples RV Resort LLC, Kountree RV Resort LLC and North Lake RV Resort LLC for an aggregate purchase price of $25.0 million. In connection with these …
Sun Communities Acquires Recreational Vehicle Communities Read More
From KY3News in Springfield, Missouri, MHProNews.com learns about the demise of a strip of roadway known as Mobile Home Mile. The report says the current decline in sales is easily the worst in decades. Don Whiteman of Granny’s Mobile Homes told the reporter his business has gone from probably delivering …
Missouri’s “Mobile Home Mile” a Casualty of the Economy Read More
The Mortgage Bankers Association reported Wednesday that Mortgage applications decreased 2.6 percent from one week earlier in its Weekly Mortgage Applications Survey for the week ending December 16. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.6 percent on a seasonally adjusted basis from one week …
Wall Street was in the doldrums most of the day, but managed to close four points in the positive. The Yahoo Finance Manufactured Housing Composite Value closed higher, however, up 3.3 percent. The bulk of individual stocks watched were also up. Allied Managers Group added .47cents a share (.5 percent) …
The NAHB recently reported improvements in the picture for homebuilders, and Realtors say sales increased, but a new report today addresses the continuing threat from shadow inventory. CoreLogic reports that the current residential shadow inventory as of October 2011 remained at 1.6 million units, representing a supply of 5 months. …
Sales and Starts May Be Up, But Shadow Inventory Looms Read More
