Housingwire reports that while Federal Reserve Bank of Boston President Eric Rosengren believes recent data show a recovery is finally taking root, he doesn’t expect the housing market to spur economic growth. “In many areas of the country, the impaired balance sheets of borrowers, high foreclosures and high vacancy rates …
The REI Bulletin reporting from the National Association of Home Builder’s (NAHB) International Building Show (IBS) indicates housing starts will see gradual improvements in 2011, establishing momentum for 2012. NAHB Economists told an audience at the show that job growth will provide a stronger stimulus to housing than last year’s …
The country’s economic health is steadily improving and on a path to sustained economic expansion in 2011, according to the Economic Advisory Committee (EAC) of the American Bankers Association. “The economy is transitioning from reliance on monetary and fiscal stimulus to a sustained expansion in the private sector. Businesses and …
Stocks moved higher Friday, marking seven straight weeks of gains. Cavco, Deer Valley, All American Group, Drew Industries and Universal Forest Products all recorded gains of one percent or more. Nobility Homes and Global Diversified Industries closed down. The Manufactured Housing Composite Value moved ahead 1.7 percent.
Any recipe for a housing rebound will include a revamp of Fannie and Freddie, at least according to Ben Bernanke. Housingwire reports the comments by the Federal Reserve Chairman Friday at a confab presented by the Federal Deposit Insurance Corp. The situation, Bernanke says, is set against a backdrop of …
No Housing Recovery without Fannie and Freddie Revamp Read More
The Federal Deposit Insurance Corporation recently held a forum on small lending to explore ways in which credit can be made more accessible to the small business sector. As a result of the forum and in recognition of the importance of available credit to small businesses, the FDIC announced the …
FDIC Announces Hotline for Small Businesses Regarding Availability of Credit Read More
Modular Home Builder reports that it has confirmed from several sources that Haven Homes is purchasing the former Penn Lyon factory in Selinsgrove, PA. This will be their third factory in central PA and they hope to open the plant in February.
AZJournal.com reports that Dale Call, the administrator of the Snowflake Arizona Planning and Zoning/Building Safety Department, made a presentation on a proposed overlay zone for manufactured homes at the Jan. 11 town council meeting. The report indicates the council has asked staff to research the feasibility of creating a new …
From the Manufactured Housing Institute’s Week in Review, House Ways and Means Committee Chairman Dave Camp (R-MI) has indicated that the committee will begin the process of overhauling the U.S. tax code, which has not undergone a fundamental retooling since 1986. The committee will hold its first hearing the week …
Exhibitors and attendees were heading home Friday from the Louisville Manufactured Housing Show. Promoters indicate the event was a resounding success with nearly 1,000 attendees. MHMSM.com Publisher and Marketing Director L.A. ‘Tony’ Kovach reports that “homes were sold, exhibitors were overall happy; attendees were in a good, upbeat mood.” More …
MHMSM.com Contributor and Lifestylist® Suzanne Felber took a break from a busy schedule at the National Association of Home Builder’s (NAHB) International Building Show (IBS) in Orlando today to tell us about some of the excitement surrounding home exhibits by both Champion and Palm Harbor Homes. Suzanne provides some insight about …
The Dow closed down 28 points Thursday ahead of several corporate earnings reports. The Manufactured Housing Composite Value was down another 2.6 percent Thursday after a disappointing performance Wednesday. On January 12, the website Benzinga again called out the manufactured housing industry as one of the worst performing, citing a …
Fox Boston claims its undercover report lead to changes in the Massachusetts Building code that require the ceilings in modular homes to be affixed with more than glue. While the glue may hold fine under normal circumstances, inspectors there claim it can collapse on emergency responders in the event of …
A report on Bloomberg citing information from Realtytrac indicates there could be a 20 percent jump in foreclosure filings in 2011 as banks resume seizures. The good news: the article indicates the peak in foreclosures and the bottom in notices of default, auction or repossession in 2010, a 2 percent …
According to the CoStar Group, Sun Communities is selling 915,827 shares of its common stock to REIT Opportunity, Ltd., a business company incorporated under the laws of the British Virgin Islands. The total purchase price is $30 million. The item indicates Sun Communities intends to use the net proceeds in …
From Maine, the Portland Press Herald reports that roughly 40 Maine businesspeople met Wednesday with Sen. Olympia Snowe and Elizabeth Warren to discuss how the emerging Consumer Financial Protection Bureau with broad authority to regulate the nation’s financial system might affect Maine businesses. Warren, who is tasked with setting up …
Regulators Hear MH Industry Concerns Over New Agency Read More
Lifestylist® Suzanne Felber is on location at the National Association of Home Builder’s (NAHB) International Building Show (IBS) in Orlando, Florida and reported that manufactured homes on display by Champion and Palm Harbor Homes were receiving a lot of traffic. Felber was also the Lifestylist® on the New American Home, …
MHMSM.com team members and associates are on the ground this week at major events – including the Louisville Manufactured Housing Show and the International Building Show, the housing industry’s largest annual trade show and exhibition, in Orlando. Look for reports posted daily… including “Live from Louisville” videos by Publisher, Marketing …
Stocks finished at two-year highs Wednesday as the Dow rose more than 83 points. Performance by manufactured housing and related stocks was mixed, however. Closing higher were Drew Industries, Barnes Group, UMH Properties and Universal Forest Products. Closing lower were Cavco, Deer Valley, Skyline Corporation, Sun Communities and Walker and …
From Alberta, Canada comes news that despite a slower market, housing prices are on the rise. The Quesnel Cariboo Observer reports that the median value of the 115 single family homes sold in Quesnel 2010 was $181,000. In addition, 21 parcels of vacant land, 53 homes on acreage, 27 manufactured …
