MODS International Marketing of Appleton, WI is set to deliver shipping containers converted into modular housing for the tornado victims in OK. MODS (Modular On Demand Structures) specializes in providing emergency housing for long and short term. The units arrive fully furnished, as MHProNews has learned from newson6.com. Costing $40,000 …
For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a …
Housing Market Index Posts Largest Gain in over Ten Years Read More
Even though investors are edgy about the possibility the Federal Reserve will announce Wednesday that it will begin to wind down its quantitative easing, the markets managed to advance for the day, with the Dow picking up over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +0.73 percent, …
Universal Forest Products, Inc. Spikes; Three Major Indexes Gain Read More
As of April 2013, home building employment totaled 2.1 million people, up nearly 100,000 in the last year, according to the labor department. Home building contributed 20 percent to the growth of the Gross Domestic Product (GDP) in the last six quarters. Residential Fixed Investment (RFI), the home building component …
Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to nasdaq.com. Cavco will issue common stock to Third Avenue in consideration as per their original 2009 agreement in forming …
With concerns growing over when the Federal Reserve Bank will slow its quantitative easing and the subsequent effect on the economy, of 39 economists and investment advisors surveyed, nearly two-thirds do not think it will begin before Dec. 2013, and some not till 2014. As MHProNews has learned from CNNMoney, …
Federal Reserve may Taper Stimulus Program this Year Read More
Mixed economic reports and concern over when the Fed may taper the quantitative easing that is pumping $85 billion into the economy troubled the stock market today. CNNMoney reports the Dow Jones Industrial Average fell -0.70 percent, -105.90 points, to end the week at 15,070.18. The Nasdaq dropped -0.63 percent, …
Three Major Indexes Tumble; Tracked Housing Stocks Close Mixed Read More
According to nationalmortggenews a report by the Dallas Federal Reserve Bank says home prices in Texas have recovered to seven percent above the pre-recession highpoint in 2007. One of just ten states to have reached that milestone, Texas is second only to North Dakota in the amount that today’s prices …
MHProNews has learned from charlotteobserver the North Carolina state senate has approved a tax reform plan on second reading with the third and final reading—and likely approval– set for Tue., June 18. The Republican-dominated senate bill includes a tax hike for factory-built homes. Under the new measure the sales tax …
After housing inventory hit low levels not seen in nearly ten years, HousingWire tells MHProNews national inventories rose by 5.82 percent in May over April, much better than last year’s increase for the same two months of 1.77 percent. In addition, the median list price rose 2.10 percent April to …
MHProNews has learned from the seguingazette in Seguin, TX the planning and zoning commission denied a special use request by Cavco Industries, Inc. for the temporary storage of flatbed trailers used to transport modular homes. According to Keith Alexander of Cavco the trailers were used to transport modular barracks to …
Strong auto sales and reports of fewer jobless claims led investors to push all three indexes in gaining over one percent in today’s session. CNNMoney reports the Dow Jones Industrial Average gained +1.21 percent, +180.85 points, to close at 15,176.08. The Nasdaq moved up +1.32 percent, +44.94 points, to end …
Deer Valley, LPX, Cavco, AMG Have Energetic Trading Session Read More
According to the National Association of Realtors (NAR), five to six million renter households will be created within the next ten years, as reported in HousingWire. The Census Bureau says renting households increased substantially from 2008 to 39 million, and that number will rise to 41 million in two years. …
U. S. stocks started the day strong but began a downward trajectory as continuing concern over the Federal Reserve’s narrowing of its support for the economy led to the Dow dropping over 100 points. CNNMoney reports the Dow Jones Industrial Average lost -0.84 percent, -126.79 points, to close at 14,995.23. …
The demingheadlight informs MHProNews sales of single-family homes surpassed those of manufactured homes (MH) in Deming, NM in the southwest corner of the state in the last year. From May 2012 to June 2013 87 single-family homes were sold, as compared to 35 MH that changed hands in the same …
In an interview with reit.com, UMH Properties (NYSE:UMH) president and CEO Sam Landy says occupancy rates have risen at the company’s 68 manufactured home communities comprised of 12,800 homesites because of the strength of the rental market. UMH rented 200 units last year and intends to fill another 200 this …
Investors, sensing the heavy hand of the Federal Reserve possibly withdrawing support from the economy along with other central banks, stepped back from the dance floor today as all three indexes dropped during a session of severe ups and downs. CNNMoney reports the Dow Jones Industrial Average moved down -0.76 …
To meet the growing demand for housing in Atikokan, Ontario, Canada, Dave Bjorkman is opening Northwestern Modular Homes to provide an affordable alternative to stick-built homes. He says modular homes from the U S. are less expensive than Canadian models, so he buys from Skyline in Lancaster, Wis., Highland Manufacturing …
The wacotrib informs MHProNews the city of West, Tex., that was hit with the April 17 fertilizer explosion, is exploring the feasibility of bringing modular units to house the residents displaced by the blast. Each structure would house two families, but would cost $10,000 to haul from Killeen, Tex., not …
Investors stepped back from the market today, which had digested a good jobs report on Friday, sending all three indexes above one percent gains. But today, stocks drifted and moved very little. CNNMoney reports the Dow Jones Industrial Average nudged down -0.06 percent, -9.53 points, to close at 15,238.59. The …
Three Major Indexes Move Little; Drew Draws the Best Hand Read More
