IndyStar reports existing home sales in Central Indiana rose 13.2 percent in October over the same month last year. The Metropolitan Indianapolis Board of Realtors (MIBOR), which covers a 13 county metro area, said the 1,735 homes sold last month mark the fourth straight month sales have grown. Sales of …
Sales of Existing Homes Climb in Indianapolis Area Read More
Omaha reports Rod Tompkins, who operates Heritage Homes in Wayne, Nebraska, in the northeast part of the state, says business is picking up and he plans to add 16 production workers to the current roster of 64. The maker of custom modular homes and apartments says the biggest demand is …
Bloomberg reports the U.S. Census Bureau says Sept. manufactured housing shipments rose to a seasonally adjusted rate of 54,000 units, an increase of 3,000 units over August 2011. Placements fell 3,000 from August, and dealer inventory gained 1,000 units, all seasonally adjusted figures. The average price of a manufactured home …
CNNMoney reports the Dow Jones Industrial Average slid again as investors continue to worry about the European debt crisis that only seems to deepen, as well as the drop in Chinese manufacturing numbers. The Dow lost 235.94 points, -2.05 percent, to close at 11,257.78. The Yahoo! Finance Manufactured Housing Composite …
Dow Drops, Euro Debt Threatens, Chinese Mfg. Lessens Read More
HousingWire reports the Federal Reserve says the ongoing tepid housing market continues to suppress economic recovery. Minutes from the Nov. 1-2 meeting of the Federal Open Market Committee (FOMC) suggest more “policy accommodation” may be needed to spur the economy.Tight credit, lack of new household formation, and depressed job and …
FinancialNewsNetwork reports Cavco Industries has the second lowest enterprise value to EBITDA (EV/EBITDA) ratio in the homebuilding industry. This formula is valuable in measuring comparable companies, and the lower the ratio the more the company is undervalued. Cavco has a ratio of 29.70, well above NVR’s 10.48, but below DR …
HousingWire reports John Burns Real Estate Consulting says the excess housing vacancy level reached 3.2 million dwellings in 2009, and has fallen to 2.4 million units, but that will take 3-4 years to occupy. Despite the push by government and industry for more loan modifications, John Burns shows 72 percent …
CNNMoney reports the Dow Jones Industrial Average dropped sharply as investors worry that the European debt crisis may yet sail west to U.S. shores, falling 248.85 points to 11547.31, a loss of 2.11 percent. The Yahoo! Finance Manufactured Housing Composite Value followed the path, losing -3.43 percent to close at …
Euro Debt Crisis Sailing West? Dow Falls, but UFP, Inc. did the Best Read More
TheMotleyFool uses the financials of Universal Forest Products, Inc. to demonstrate one measuring device that can be used to analyze the future value of an investment: Following trends in AR (accounts receivable) and DSO (number of days worth of sales owed the company). Problems with ARs and DSOs can spell …
CNNMoney reports the Dow Jones Industrial Average chopped up and down all day today as investors kept their finger on the European pulse while observing the debt committee. The Dow inched up 25.43 points, or +0.22 percent, to close at 11,796.16. The Yahoo! Finance Manufactured Housing Composite Value fell 1.85 …
After Choppy Day, Dow Gains 25 Points; Likewise, Housing Stocks Move Little Read More
Curbed reports from Brooklyn’s Atlantic Yards that Forest City Ratner is finalizing plans to build the world’s largest modular housing unit, divided between affordable rental housing and market rate rentals. The 32-story tower, the first of three residential edifices built in this development that will include a professional basketball arena …
If Ratner Quells Labor, Finds Financing, Modular Housing will Rise Read More
CNNMoney reports the Dow Jones Industrial Average fell as investors worry that the European debt crisis may spread to other large European economies, dropping 134.86 points, 1.13 percent, to close at 11,770.73. The Yahoo! Finance Manufactured Housing Composite Value followed suit, losing -1.90 percent to close at 858.60. Many tracked …
SaltLakeTribune reports about two dozen land lease community (LLC) residents attended a Capitol Hill Business and Labor Committee hearing to support legislation that calls for mediation in cases of MHC owner-resident disputes. Rep. Janice Fisher (D-West Valley City) introduced a bill that would provide for nonbinding mediation if the rent …
Utah Legislature Dealing with MHC Owner-resident Mediation Read More
IndyStar reports new home building permits for October in Indianapolis increased 16 percent over last October, according to the Builders Association of Greater Indianapolis (BAGI). Of the 269 permits issued in this nine-county area, 103 were for Hamilton County, an upscale suburban area just north of the city, which registered …
Inching Along in Indy: Building Permits Rise and Fall Read More
The National Association of Home Builders reports builder confidence rose in November three points to 20 on the NAHB/Wells Fargo Housing Market Index (HMI) for newly-built single family homes. Building on a three point increase from October, the HMI is at its highest point in 18 months. NAHB Chief Economist …
FremontTribune reports from Nebraska the charity, Rebuilding Together, and Lowe’s Charitable and Educational Foundation have partnered on 450 projects since 2007 to help elderly, disabled, and low-income homeowners with renovations and repairs. Recently, volunteers and Rebuilding Together board members installed energy-efficient windows and doors on the factory-built home of Cleo …
NOLA reports from Louisiana that Knauf, the German supplier of faulty Chinese drywall, is set to settle litigation with homebuilders to reimburse them for remediating homes built with the sometimes toxic building product. During the housing boom, and following the hurricanes of 2004-2005 (including Katrina), the U.S. had to import …
TheTownTalk reports from Alexandria, Louisiana, that a planned multi-family, modular housing development was blocked at a city council meeting by residents concerned that property values would fall and crime would increase. The council was considering a proposal to change the zoning from agricultural to multi-family to allow for the housing. …
MHProNews has learned that Cavco Industries CEO and Manufactured Housing Institute (MHI) Chairman Joe Stegmayer has accepted the invitation from the Midwest Manufactured Housing Federation (MMHF) to address the 2012 Louisville Manufactured Housing Show. When asked what topics he plans to cover, Stegmayer replied, “On behalf of MHI and the …
