The Commerce Department’s U.S. Census Bureau released data on new residential construction in November 2010. Permits for new housing units declined four percent in November, compared with private-sector expectations of a moderate 1.4 percent rise. Housing starts increased 3.9 percent, below private-sector expectations of a 6.0 percent increase. However, with …
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 …
Mortgage Applications Decrease in Latest MBA Weekly Survey Read More
Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Wednesday. “Builders are bracing themselves for a slow holiday season as a number of factors continue to …
ChinaDaily reports that an egg home that made its way through the annals of the internet is now gone from its parking space. The 6-square-meter mobile “egg home” that was built by its 24-year-old owner as a personal solution to the city’s sky-high rents may have been a tool in …
The Dow was up most of the day, but finished the day 19 points in the red. While the Manufactured Housing Composite Value was also off, several stocks in the category performed well. Axle maker TJT Inc was up 13 percent, All American Group was up nearly four percent and …
U.S. Rep. Joe Donnelly’s name is being tossed around as a potential candidate for Indiana Governor in light of retiring Sen. Evan Bayh’s announcement that he won’t run for the office. According to the South Bend Tribune, his recent Republican opponent, Jackie Walorski is also hinting at a possible rematch …
Walker & Dunlop, Inc. announced Wednesday the pricing of its initial public offering of 10,000,000 shares of common stock at $10.00 per share. Established in 1937, Walker & Dunlop is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on …
Walker & Dunlop Announces the Pricing of Its Initial Public Offering Read More
A rash of errors in reporting on stories about mobile homes and fires is leaving readers with the false impression that manufactured homes are more prone to fire. An article on fire safety in the Lancaster, Ohio Eagle Gazette states, “for owners of manufactured homes, it’s even more important to …
Heading to the Louisville Manufactured Housing Show January 12-14? The latest newsletter from Dennis Hill at Show Ways has updated information about exhibitors, hotels and seminars that will include information on effective pricing, self-financing and how to dominate your local market. The newsletter contains an up-to-date list of exhibitors including …
The Dow moved ahead 48 points Tuesday, but the Manufactured Housing Composite Value ended the day modestly lower. The index was off just under one percent. The biggest gainers included Nobility Homes, up nearly two percent to $7.75 a share, while UMH Properties closed up a little more than one …
If he wanted to, Warren Buffett could have brought manufactured housing issues into the White House today. While the specific topics of discussion weren’t available, Buffett was there with Microsoft co-founder Bill Gates to give President Obama ideas on how to keep America competitive. Buffett’s Berkshire Hathaway, of course, owns …
Buffett Meets with President Obama on Keeping America Competitive Read More
Channel WAFB in Louisiana ran a story Tuesday titled Flames destroy manufactured home in minutes. We asked an expert, who says visual evidence from the photo suggests this is a pre-HUD Code mobile home, not a manufactured home built to the federal safety standards established by the HUD Code. Thus …
Scorched Louisiana Home Likely Misidentified as Manufactured Read More
From California, the Santa Monica Daily Press reports the City Council there is set to approve $9.2 million for a new manufactured home financing program. A maximum of 54 manufactured homes at the Mountain View Mobile Home Park, which can accommodate 105 homes, would be eligible for purchase under the …
BostonSF.com reports that Westchester Modular Homes of Greater Boston recently announced its plans to build a new, state-of-the-art showroom and sales center along the highly-traveled Route 1 in Saugus, MA, designed to introduce modular home construction to the North Shore and beyond. The new building is expected to be completed …
The Congressional Oversight Panel released its December oversight report this week, finding in the eight months since the Panel’s last report on the Home Affordable Modification Program (HAMP), that Treasury has made minor tweaks to the program, but the changes have not resolved the Panel’s core concerns. The Panel now …
The Dow closed up 18 points—one sixteenth of one percent— Monday, but had been up as much as 50 point earlier in the day. The Manufactured Housing Composite Value once again rose more than the Dow with a 3.63 percent gain. Helping to bring those averages up was Skyline Corporation, …
The Manufactured Housing Association for Regulatory Reform (MHARR) says the past decade has seen the Department of Housing and Urban Development (HUD) and its manufactured housing program ignore, evade or circumvent both the broad transformative purposes of the Manufactured Housing Improvement Act of 2000. This has had a devastating impact …
MHARR Outlines “Disastrous” Consequences in Letter to HUD Read More
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The Manufactured Housing Institute’s actual shipments report indicates that 3,841 new HUD Code homes were shipped in October 2010, down 15.7 percent from October 2009. Decreases were across the board with shipments of both single-section and multi-section homes down compared with the same month last year. Compared with 2009, manufactured …
Last week, President Obama announced that the Administration and congressional Republicans had arrived at a “bipartisan agreement” to extend Bush-era tax cuts for two years, jobless benefits for 13 months, and other tax incentives to support business expansion. The Manufactured Housing Institute reports the compromise measure includes an extension of …
MHI Urges Congress to Enact Middle Class Tax Cut Bill Read More
