Stock Market Closed Today
The U. S. stock markets are closed today in honor of Thanksgiving Day. (Photo credit: Wikipedia)
The U. S. stock markets are closed today in honor of Thanksgiving Day. (Photo credit: Wikipedia)
TheAlmaTimes tells MHProNews the former Fleetwood manufactured home plant in Alma, Georgia that began production in 1993 and closed July 2009 as the result of bankruptcy will reopen as a modular commercial manufacturing facility. Titan Modular Systems plans to hire 100 workers. (Photo credit: TheAlmaTimes)
As we reported Oct. 9, 2012, Southfield, Mich.-based Sun Communities, Inc. (SUI) announced it was purchasing four manufactured home communities in eastern Mich., with 1,996 homesites for $70.8 million, and providing mezzanine financing for two other MHCs that it will manage, with 1,598 homesites, all being acquired from entities of …
Forbes reports that if the Democrats truly want to restore the economy to the prosperity enjoyed during the Clinton years and avoid the “fiscal cliff,” the administration needs to enact policies that mimic those years, which include repealing ObamaCare and reducing federal regulation. In addition, federal spending was much smaller …
The government’s strong report on jobless claims and positive housing news trumped concerns over Greece’s economic woes as the three indexes all advanced, although slightly. CNNMoney reports the Dow Jones Industrial Average gained 0.33 percent, +41.83 points, ending the day at 12,830.34. The Nasdaq advanced +0.34 percent, +9.87 points to …
OriginationNews tells MHProNews the average 30-year mortgage rate dropped to a new record low, 3.31% in Freddie Mac’s weekly survey. During the week ending Nov. 21 the 15-year mortgage rate also set a record, dropping to 2.63% from 2.65% the previous week. Shorter-term rates moved little or none, as the …
After 40 years in print form, the NADA Manufactured Housing Cost Guide is finally going digital. MHProNews has been informed NADAguides Manufactured Housing CONNECT digital solution will allow community owners, dealers, and insurance and financial institutions to determine the value of inventory as well as portfolios. Accessible from any device …
GlobeNewsWire reports from Finland, Stora Enso and Skanska are collaborating to build a moderately priced modular housing project comprised of 36 BoKlok apartments in seven multi-story buildings. Skanska and IKEA developed the BoKlok concept in the mid-1990s, and 5,000 homes have been sold in Sweden. Stora Enso’s Hartola production unit …
Finnish Collaboration to Build Affordable Modular Housing Read More
The three indexes barely budged today as investors renewed worries about the European debt crisis and a sharp sell-off of Hewlett-Packard shares. CNNMoney reports the Dow Jones Industrial Average lost -0.06 percent, -7.45 points, ending the day at 12,788.51. The Nasdaq advanced +0.02 percent, +0.61 points to close at 2,916.68, …
All but One Tracked Housing Stock Squeaked out a Gain Read More
According to ArchDaily, shipping containers are in great supply because it is more expensive to ship them back to China or Europe, than it is to make new ones in Asia. The advantages to using them are cost, durability, and strength as well as availability. The downsides include the coatings …
HousingWire reports sales of existing homes increased 2.1 percent October over Sept. to a seasonally adjusted annual rate of 4.79 million as compared to 4.69 million the previous month. The National Association of Realtors (NAR) says on the year, sales of existing homes are up almost 11 percent over the …
BusinessDayLive tells MHProNews twelve million people in South Africa do not have adequate housing, so the government is putting together a private-public collaboration for modular housing. Duro, founded in 1955, has experience in developing building materials and built a 1,200 unit housing project in Angola. The state already buys shack …
South Africa Considering Public/Private MOD Housing Read More
An increase in existing home sales for October and confidence the fiscal cliff will be effectively addressed before Jan. 1 pleased investors, as stocks rallied to their best gain in months. CNNMoney reports the Dow Jones Industrial Average gained +1.65 percent, +207.65 points, ending the day at 12,795.96. The Nasdaq …
From Modular Home Builder comes word modular builder Blu Homes, which moved its operations from Massachusetts to an old airplane hangar in Vallejo, Calif., as we reported here Sept. 14, 2012, has purchased the assets of modern accessory dwelling maker Modern Cabana. The styles fit in with Blu’s modernistic designs. …
According to SeekingAlpha, the Dow Jones Equity REIT (real estate investment trust) Index rose quicker than popular stock averages until the beginning of 2007, then fell from a high above 360 to a low under 100, and for the last two years has been over 200. REITs are considered yield …
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), 74.1 percent of all homes sold nationwide in Q3 2012 were affordable to families who earned the U.S. median income of $65,000, up from 73.8 of homes sold in the second quarter that were affordable to median …
Investors were slightly buoyed by lawmakers initial statements that they are working on a deal to avoid the impending fiscal cliff at the end of the year, sending stocks higher. CNNMoney reports the Dow Jones Industrial Average gained +0.37 percent, +45.85 points, ending the week at 12,588.23. The Nasdaq advanced …
DailyCommercialNews reports from Saskatoon, Saskatchewan, Canada the first of 40 affordable two and three-bedroom modular housing units was sited in the Blairmoore neighborhood of Saskatoon. The $7.2 million project is receiving funding from the federal and provincial governments, and from their partnership with privately-held Innovative Residential, Inc., and the city …
Benzinga reports MH and RV component maker Drew Industries, Inc. (DW) is ranked number four on the NYSE in earnings per share (EPS) among all the recreational vehicle manufacturers. The company’s trailing-twelve month EPS is $1.61; the revenue for the same time period is $860.48 million. As MHProNews knows, Kinro, …
NationalMortgageNews tells MHProNews the delinquency rate for government-backed loans inched down third quarter 2012 over the second quarter, from 11.89 percent to 11.14 percent as of Sept. 30. The Mortgage Bankers Association (MBA) reports the rate a year ago was 12.09 percent. Federal Housing Administration (FHA) loans late 90 days …