Despite good news from the housing market and positive consumer confidence reports, investors were more focused on the what they see as a tepid global economy, as the three major indexes all dropped. CNNMoney reports the Dow Jones Industrial Average slid down -101.37 points, -0.75 percent, to close at 13,457.32, […]
Three Major Indexes and Most Housing Stocks Drop Read More
CNNMoney reports consumer confidence rose in Sept. to 70.3, well above the 63 reading many economists expected, and higher than the 61.3 August number. The Conference Board, a business research firm, says consumers who expect more jobs in the days ahead rose from 15.8 to 18.5, and those saying jobs
Consumer Confidence: Moving Up Read More
HousingWire reports an increase in home prices June to July 2012 according to the Standard & Poor Case-Shiller 10-city and 20-city indexes. The 10-city composite reveals a 1.5 percent rise. The 20-city composite grew 1.6 percent, registering the third consecutive month of growth in those cities. Dallas and Washington, D.C.
Idmanagedsolutions reports SmarTrend issued an Uptrend for Universal Forest Products, Inc. (NASDAQ: UFPI) on Aug. 22, 2012 when the stock was at $36.84. Today, the price is quoted at 16.66% higher, $42.97. Over the past 52 weeks, the share price has ranged from a low of $22.91 to a high
UFPI Stock Rises Prominently Read More
MHProNews has learned the Federal Housing Administration (FHA) issued a reminder to approved FHA lenders to promptly release hazard insurance funds to disaster victims of Hurricane Isaac, as per loan documents. The Mortgagee Letter says in the past some lenders used hazard insurance proceeds to pay off the mortgage, leaving
FHA to Lenders: Pay Hurricane Isaac Claims Now! Read More
Testifying before the office of the U. S. Trade Representative in Washington, D.C. the National Association of Home Builders’ (NAHB) CEO Jerry Howard urged the federal government to avoid involving the U.S.-Canada softwood lumber accord in the Trans-Pacific Partnership Trade Agreement (TPP) talks. “Reopening the U.S.-Canada softwood lumber agreement would
Trade Agreement could Harm Housing Recovery Read More
Although markets are near their highs, investors backed away from stocks on news the global business climate is not doing well, as the three major indexes dropped. CNNMoney reports the Dow Jones Industrial Average inched down -0.15 percent, -20.55 points, to close at 13,558.92, while the Nasdaq dropped -0.60 percent
Stocks Move Very Little up or down Read More
HousingWire tells MHProNews the shadow inventory dropped by 1.2 million troubled mortgages in the first six months of 2012. Although those numbers could double by the end of the year, four million underwater loans would remain, down from a high of six million in 2010. According to JPMorgan Chase, of
Underwater Loans Drop Read More
The Daily Commercial reports from Leesburg, Florida Pat’s Sales has been providing the aftermarket manufactured home industry with discontinued, salvaged, and overstocked materials for 35 years. The 60,000 square-foot building contains a variety of flooring, cabinetry, plumbing, doors, windows, electrical, siding, moldings and much more, serving the myriad of manufactured
Store Draws MH Owners Read More
The heraldtribune reports from Florida the recent sale of several MHCs for $60,000 plus per home site has unleashed the reassessment of some of the communities, driving up their taxes. Equity Lifestyle Properties, Inc. purchased Lake Village in Nokomis, Fla., just south of Sarasota for $23.7 million, and is now
Assessments Rising on Florida MHCs Read More
CNNMoney reports foreclosure filings increased one percent in August over July as lenders slogged through a backlog of delinquencies and defaults. Scheduled auctions, default notices and bank repossessions were filed on 193,508 properties in August. Despite the increase, filings fell 15 percent from a year earlier. Foreclosures are rising in
Foreclosures Nudge up August over July Read More
U.S. stocks overall advanced during the day, then faltered as investors took in the global economic picture, to close with little change. CNNMoney reports the Dow Jones Industrial Average inched down -0.13 percent, -17.46 points,closing at 13,579.47, while the Nasdaq gained +0.13 percent to 3,179.96. The S&P lost -0.01 percent
Skyline Advances Well, but Modest Movement Elsewhere Read More
Theolympian tells MHProNews Freddie Mac says the average on a 30-year fixed rate mortgage (FRM) fell to 3.49 percent from 3.55 percent last week, matching its lowest rate since long-term mortgages began in the 1950’s. The 15-year FRM dropped to its lowest rate ever, 2.77 percent, from 2.85 percent last
Historic Lows for Mortgages Read More
prairiebizmag reports from Minot, North Dakota, this city hard hit by the disastrous flooding of the Souris River in late June 2011 will now see the beginning of 3,000 modular residential units rise on 323 acres. Champion Home Builders, Inc., in partnership with Genco Bakken Development Group LLC, has broken
3,000 Modular Homes set for Minot, ND Read More
Slowing economic growth in the global economy led to modest declines in U.S. stocks. CNNMoney reports the Dow Jones Industrial Average inched up +0.14 percent, +18.97 points, to close at 13,596.93. The Nasdaq fell -0.21 percent to 3,175.96, while the S&P lost -0.05 percent to close at 1,460.26. The Yahoo!
Modest Movement in Housing Stocks Read More
IdahoBusinessReview reports Mesa, Arizona-based Greenstar Building Systems has purchased a building in Weiser, Idaho to make modular housing for workers at oil and mining camps. The 67,000 square-foot building was previously owned by Champion Homes, which consolidated its work force into another building during the housing turndown. Greenstar anticipates hiring
Greenstar Expands into Idaho Read More
CNNMoney says investors shifted their interest to the oil market where prices have fallen to a one month low, away from the dimness of the stock market. The Dow Jones Industrial Average inched up +0.10 percent, +13.32 points, to close at 13,577.96. The Nasdaq gained +0.15 percent to 3,182.62, while
Like the Three Indexes, Movement Minor of Tracked Housing Stocks Read More
The National Association of Realtors (NAR) reports in the Christian Science Monitor its index of existing home sales contracts increased 2.4% in July of this year to 101.7, higher than June’s reading of 99.3. It is the highest number since April 2010 when the government’s home-buying tax credit ended. Even
Home Sales Slowly Climbing Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence for new single-family homes increased for the fifth consecutive month to 40, bringing the index to the highest level since June 2006. (Any number above 50 indicates builders see conditions as good rather than poor.)
Housing Starts Increase Nationwide Read More
napavalleyregister reports 80 people, representing a three county area just north of San Francisco, heard five speakers at the Golden State Manufactured-Home Owners League (GSMOL) address issues of rent control, recruitment, civil law and fair housing. Two attorneys who specialize in construction and property law discussed responsibilities landlords have to
Manufactured Home Owners Gather Read More
