The Dow dropped 91.50 or .073% to close at 12,501.30 today. The dip came on the heels of Moody’s and S&P’s renewed warning they may downgrade the U.S. Credit rating over the debt ceiling issue. Most manufactured housing stocks also fell. Berkshire Hathaway (parent of Clayton Homes) dropped -.0.49. Cavco …
Dow Dips as Moody, S&P Warn of U.S. Credit Downgrade Read More
The Vancouver Sun reports the role of the Canada Mortgage and Housing Corporation (CMHC) has been reviewed by the CD Howe Institute, Fraser Institute and the Macdonald-Laurier Institute. Each provided recommendations, including privatization. Canadian taxpayers are on the hook for $500 billion to lenders. Some fear that Canadian government owned …
CTV reports the Canadian Real Estate Association (CREA) stated their members sold 10.8 per cent more homes last month compared with June 2010 and 2.6 per cent higher than in May 2011. CREA president Gary Morse said they are avoiding recession due to low interest rates, job growth, and home …
In a news release to MHMSM.com, MHARR announced they will ask Congress to review the HUD Manufactured Housing Program budget. The Manufactured Housing Association for Regulatory Reform (MHARR) asserts that HUD’s program budget has grown, while manufactured housing shipments have dropped 86% in 13 years. They suggest that Congress cut …
Congress asked to Reduce HUD’s Manufactured Housing Program Budget Read More
NWITimes states that 75% of people polled recently by the National Association of Home Builders (NAHB) prefer home ownership. This is true even given perceived risks and market fluctuations. 95% of those who identified themselves as current home owners said they are happy with their decision to own a home. …
Poll says most Americans still want to own, not rent Read More
Forbes reports that each new home built creates 3 new jobs and generates $90,000 in taxes, according to the National Association of Home Builders. Housing sales remain depressed, with last year being the worst on record for 50 years. Higher down payments, tougher credit standards and foreclosures are among the …
NAHB report cites jobs and taxes created by home building Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the House Financial Services Committee held a hearing on H.R. 1751 that would require all Housing and Urban Development code (HUD Code) manufactured homes be sold with a weather radio. During the hearing, Rep Barney Frank (D-MA.) proposed the establishment of …
House Committee Seeks Relief for Manufactured Housing Read More
Inquiries about the 2014 Louisville Show to MHProNews serve as a good reminder to share updates about the manufactured housing industry’s best attended trade event in 2013. Website updates are complete, but tweaks and ongoing announcements will be added at the LouisvilleManufacturedHousingShow.com site in the months ahead. As previously …
More New Homes, Seminars and Exhibits at 2014 Louisville Show Read More
