Bloomberg.com reports excerpts from billionaire investor Warren Buffett’s annual letter to Berkshire Hathaway Inc. shareholders Saturday. On the topic of home buying, Buffet urged the policymakers who are getting ready to overhaul the nation’s home loan policies to consider the example of Berkshire’s manufactured home unit, Clayton Homes, which also …
Warren Buffet Addresses Home Ownership in Annual Letter Read More
From Globe Street.com, a Real Capital Analytics report says the value of distressed commercial real estate declined from $191.5 billion in October 2010 to $175.3 billion currently, the lowest level since June 2010. This year could prove telling for those stressed properties, ones with short-term problems, like notes coming mature, …
The executive director of the RV Hall of Fame in Elkhart, Indiana, says he is running out of funds to keep the facility open. According to WSBT-TV.com, Tom McNulty says a generous supporter died, which has led to the financial problems. He is hoping housing and RV manufacturers will help keep …
After two years of investigation, The New York Times reports the criminal charges against Angelo R. Mozilo, former CEO of Countrywide Financial, the one-time largest mortgage lender in the U.S., have been dropped by federal prosecutors. The Securities and Exchange Commission settled their suit against him last fall for $67.5 …
If you are looking to build a new home, do it now, according to the National Association of Home Builders (NAHB). Construction costs have fallen during the housing crunch, but are steadily creeping back upward. According to an article in the Los Angeles Times, nine years ago construction costs made …
A pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and manufactured home dealerships will be re-launched next week and will be effective through Sept. 30, 2013, the U.S. Small Business Administration announced Friday. The Small Business Jobs Act of 2010 included a provision for …
SBA Re-launches Dealer Floor Plan Pilot Loan Program Read More
Zillow.com and Yahoo! Real Estate announced the launch of an exclusive partnership that brings together the two sites and creates the largest real estate network on the web, according to comScore Media Metrix. Zillow’s sales force now sells local advertising across both sites, and the four million for-sale listings on …
Analysts are calling Obama’s State of the Union “business focused,” including proposals to aid small business and keep America competitive. The president proposed taking $30 billion repaid by Wall Street banks and using it to provide credit to community banks and small businesses. The president also proposed a new small …
The “Sun Tunnel” that Lifestylist® Suzanne Felber spoke of last week during a report from the International Building Show appeared on a list of hot new home technology items provided by CNBC. The report says the Velux Sun Tunnel is a flexible tube that can deliver a small, round portal …
Drew Industries, a manufacturer of components for the recreational vehicle and manufactured housing industries, announced its January 11th Retail Investor Conferences.com presentation is available for on-demand viewing. Fred Zinn, Drew’s President and CEO, and Joseph Giordano III, Drew’s CFO and Treasurer presented to retail investors through the virtual investor conference …
Forex reports there were a record low number of housing completions in 2010, breaking the record set in 2009. The company says the total for single family, multi-family and manufactured homes (estimated) was 703 thousand units in 2010. That is about 17 percent below the 844 units completed in 2009 …
Housingwire cited statistics from Re/Max Wednesday that indicating home sales rose 13.2 percent in December after five consecutive months of declines. Compared to December, 2009 however, sales were five percent lower. From ground zero of the housing crisis, Re/Max found home sales in Phoenix were up more than twelve percent …
The Commerce Department’s U.S. Census Bureau today released data on new residential construction in December, 2010. Permits for new homes jumped 16.7 percent in December compared with private-sector expectations of a 2.9 percent increase. The department says scheduled changes in building codes in January in California, New York and Pennsylvania …
World Interior Design Network reports that The Architecture for Health In Vulnerable Environments (ARCHIVE), an international charity based in the US, recently announced the winners of a global architectural competition inviting architects, designers and health specialists for the building of ‘healthy homes’ for Haiti. The Haitian government-sponsored competition is intended …
Haven Custom Homes, a leader in the construction of custom modular homes for more than 40 years, officially announced its acquisition of a new production facility in Selinsgrove, Pennsylvania. The facility was previously part of Penn Lyon Homes, a modular home manufacturer who closed their doors last summer. The company …
Haven Custom Homes Officially Announces Acquisition of PA Facility Read More
Stocks moved higher Friday, marking seven straight weeks of gains. Cavco, Deer Valley, All American Group, Drew Industries and Universal Forest Products all recorded gains of one percent or more. Nobility Homes and Global Diversified Industries closed down. The Manufactured Housing Composite Value moved ahead 1.7 percent.
Hats off to Dennis Hill and the MMHF states, and to all who made the comeback of the Louisville show a success! Attendance was 970, plus the exhibitors! As our video follow-ups will reveal, homes were sold, exhibitors were overall happy, attendees were in a good, upbeat mood. A good …
MHMSM.com team members and associates are on the ground this week at major events – including the Louisville Manufactured Housing Show and the International Building Show, the housing industry’s largest annual trade show and exhibition, in Orlando. Look for reports posted daily… including “Live from Louisville” videos by Publisher, Marketing …
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 7 on Wednesday, finding the Market Composite Index, a measure of mortgage loan application volume, increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased …
