Buoyed by anticipation that the Federal Reserve will continue its stimulus program when it has its final meeting of the year, investors pushed the U.S. stocks higher, as all three major indexes closed up for the day. CNNMoney reports the Dow Jones Industrial Average gained +0.60 percent, +78.56 points, ending …
Indexes Nudge up; Housing Stocks Close Mixed, Little Change Read More
There is considerable angst over 2013, and optics make people feel worse or better! Since the Recreational Vehicle Dealers Association (RVDA) did a survey showing confidence in their industry, it may give some in MH the feeling we should be more confident too. The survey, conducted shortly after the presidential …
FoxNews reports the National Association of Realtors (NAR) says wealthy Chinese have bought over $7 billion of the $82 billion in homes sold to foreign home purchasers, second only to Canada. There are nearly one million millionaires living on mainland China, and about half are interested in investing in the …
Asbury Park Press in New Jersey reports in a state where almost 350,000 homes suffered significant damage, according to the Christie administration, long dormant home builders may be in for a long and prosperous stretch. The Shore’s builders are hiring staff and gearing up for increased work, and are finding …
Gains on the stock market were pared back to more modest advances as news from the technology sector buoyed concerns over the fiscal cliff and the European debt crisis. CNNMoney reports the Dow Jones Industrial Average gained +0.11 percent, +14.75 points, ending the day at 13,169.88. The Nasdaq moved up …
Indexes Nudge up; Housing Stocks Move Little Either way Read More
MHProNews has learned the National Modular Housing Council (NMHC) reports 3,827 new modular homes were shipped in the third quarter of 2012, an increase of 14.5 percent over Q3 2011. Compared to the same quarter in 2011, 17 states showed increases in shipments, eight states showed declines, and nine states …
Waning consumer sentiment trumped news of the drop to 7.7 percent unemployment, as the three major indexes and many U.S. Stocks closed mixed. CNNMoney reports the Dow Jones Industrial Average gained +0.62 percent, +81.09 points, ending the week at 13,155.13. The Nasdaq fell -0.38 percent, -11.23 points, to close at …
Skyline Rises, Nobility Falls as U.S. Stocks close Mixed Read More
As we reported here Sept. 5, 2012, residents of Hilltop Mobile Home Park in College Township, Penn. received notices the community was closing and they have to move by the end of February, 2013. CentreDaily reports a dozen people spoke at a College Township meeting in favor of keeping the …
The National Association of Home Builders (NAHB) reports to MHProNews the Multifamily Production Index (MPI), which measures builder sentiment in the multifamily and condominium marketplace, remained steady with a reading of 52, the third consecutive month of readings over 50. Any number over 50 indicates more builders think conditions are …
GuruFocus reports Drew Industries, Inc. (DW) President and CEO Fredric Zinn sold 15,3000 shares of Drew at an average price of $32.45 on Dec. 3, 2012. He still owns 82,078 shares following the sale. The value of the stock fell by 1.36 percent since. Jason Lippert, CEO of Drew subsidiary …
KULR8TV in Billings, Montana tells MHProNews the 70,000 square foot former Sutton Sportswear building has been occupied the last six months by modular home builder Cass Homes, and the company plans to hire an additional 20-30 workers within the next two months. Providing high-end homes to eastern Montana, Canada and …
Tech stocks gave the market a push today, especially Apple’s rise of 1.6 percent, but the impending fiscal cliff continues to cast a gloomy shadow. CNNMoney reports the Dow Jones Industrial Average gained +0.30 percent, +39.55 points, ending the day at 13,074.04. The Nasdaq moved up +0.52 percent, +15.57 points, …
Many community banks are still weighed down by non-performing construction loans, so their regulators do not want them issuing new construction loans, especially since so many small banks sank when the housing bubble burst. Originationnews tells MHProNews with housing starts up 3.6 percent Oct. 2011 to Oct 2012, community banks …
According to the National Association of Home Builders (NAHB), the number of metro areas with six months of improving market conditions for the housing industry increased by 84, Nov. to Dec., a huge jump to 201 total. Eight areas were removed from the list. The NAHB/First American Improving Markets Index …
Nationalmortgaenews tells MHProNews in a survey of 681 respondents by Carlisle & Gallagher (C&G) of Charlotte, NC in Sept., 48 percent would feel comfortable with a mortgage from PayPal, and 33 percent with WalMart. 81 percent are satisfied with banks, 56 percent are weary of the length of time required …
According to Mortgage Bankers Association’s (MBA) data, refinancings accounted for 83 percent of new mortgage business, up from 81 percent the week before, as mortgage applications rose five percent, apparently with little concern for the fiscal cliff issue. Tying the all-time low, the average contract rate for a 30-year FHA-insured …
Positive corporate news and promising news from President Obama on solving the fiscal cliff problem nudged two of the three major indexes a little higher, although many housing stocks we track lost ground. CNNMoney reports the Dow Jones Industrial Average gained +0.64 percent, +82.71 points, ending the day at 13,034.49. …
Afternoon Rally Drops as many Housing Stocks Follow Suit Read More
Yahoo!Finance reports Nobility Homes, Inc. of Ocala, Fla., in announcing financials for the third quarter ending Aug. 6, 2011, says net sales were $2,881,572 as compared to $4,351,040 for the same period in 2010. Loss from operations in the quarter was $929,145 as opposed to a loss of $2,963 for …
Forbes reports one way to measure the level of fear in a stock is the Relative Strength Indicator (RSI), a technical analysis indicator which measures momentum on a scale of 0 to 100, and anything below 30 translates into a stock being oversold. Tuesday’s trading on the Toronto Stock Exchange …
HUD’s Office of Sustainable Housing and Communities (OSHC) reports in its attempt to coordinate housing and jobs in specific communities, in 2010 and 2011 it awarded 152 grants in 48 states totaling $240 million that in turn generated $253 million in private investments and commitments from local partners. HUD’s investment …
