News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
A builder of HUD Code manufactured homes contacted MHProNews Monday morning with comments regarding concerns that arose from a conference call with producers, HUD’s third party inspectors and others they said took place last Wednesday, August 13th at 2 PM ET. The caller urged that we contact other independent producers, …
The three major indexes all traded up on the Big Board today, as CNNMoney informs MHProNews. The Dow Jones Industrial Average gained 175.83 points, +1.06 percent, to close at 16,838.74. The Nasdaq advanced +0.97 percent, +43.38 points, to end at 4,508.31, while the S&P 500 rose +16.67 points, +0.85 percent, …
Deer Valley Shoots Up Almost 20%; Dow Gains 175 Points Read More
Bringing the index to its highest number since January, builder confidence for newly-built single-family homes rose two points to 55, according to the survey by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), the third consecutive monthly gain. The HMI measures builder perceptions of current single-family …
The Rochester Hills (Michigan) Planning Commission has been asked to rezone just under 80 acres for a 500 homesite manufactured housing community, according to theoaklandpress.com. Six Star Investments of Bloomfield Hills MI and DNL Property Holding of Novi, MI have filed documents for the proposal that will be presented at …
New Manufactured Housing Community Proposed in Michigan Read More
Manufactured home component supplier Drew Industries, Inc. (DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI) has acquired Duncan Systems, Inc., also of Elkhart, Indiana, and a supplier of aftermarket truck and recreational vehicle (RV) glass windows and awnings for $18 million. Duncan’s estimated sales as of July 2014 …
Lippert Acquires Aftermarket RV and Truck Component Supplier Read More
Certainly reports from MHI or MHARR carried here on MHProNews bring you news and information about the CFPB as well as HUD’s manufactured housing program. But nothing is quite like the insights from someone who has recently worked in both offices. That is the true “inside perspective” brought found in …
Inside the CFPB and the HUD Code Manufactured Housing Program Read More
If a local businessman has his way, upscale Hilton Head, South Carolina will see a 14-home site manufactured housing community (MHC). Enrique Lopez has applied to the South Carolina Department of Health and Environmental Control for Coastal Zone Consistency Determination, and intends to sell lots for $70,000 each. Noting a …
Following up on a story MHProNews published July 31, 2014 regarding the acquisition by Sun Communities, Inc. of 59 manufactured home communities (MHC) comprising more than 19,000 homesites in eleven states from Green Courte Partners, LLC for $1.32 billion, we have learned from crainsdetroit.com that three of the properties are …
The Manufactured Housing Institute (MHI) reports that the Department of Housing and Urban Development (HUD) will increase label fees on new manufactured homes (MH) to $100 per label effective Sept. 12, 2014 to help cover the costs of administering the program. Manufacturers that have already purchased the $39 labels will …
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey reports mortgage apps fell 2.7 percent on a seasonally adjusted basis for the week ending Aug. 8, 2014. The index fell three percent on an unadjusted basis, according to worldpropertychannel.com. The Refinance Index fell four percent from the previous week, while …
The three major indexes moved little in both directions to end the week as the ongoing crisis in Ukraine and the dog days of August muffle investors’ trading. The Dow Jones Industrial Average slid -50.67 points, -0.30 percent, to close at 16,662.91, as CNNMoney informs MHProNews. The Nasdaq, the only …
Third Avenue Sole Gainer of Tracked Stocks; Only Major Index Nasdaq Gained Read More
According to walsalladvertiser.co.uk, Great Britain’s Housing Minster, Brandon Lewis MP visited the site of the first two modular, affordable homes of a planned series of 40 being constructed in Walsall, a town with 269,000 in the metro area just northwest of Birmingham. Designed and manufactured at the Accord Group’s LoCal …
England Experiences One Day Modular Home Construction Read More
A recent Gallup Poll reports that people are grim about the state of the economy, with an economic confidence of -17, which is the difference between those saying it is getting better and those who say it’s getting worse. Although it has improved substantially since the -39 reading in Nov. …
Economic Numbers Sizzle; Consumer Confidence Fizzles Read More
Representing the lowest share of cash home sales since May 2010, 34.4 percent of total home sales in May 2014 were with cash, a drop from April’s 36.9 percent of all cash, according to housingwire.com. CoreLogic’s report says, “The share has fallen on a year-over-year basis each month since January …
Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. of Elkhart County, Indiana is sponsoring an Out of the Darkness Walk Oct. 4, 2014 to help raise awareness of suicide and depression, and provide assistance to those who have lost a loved one to suicide. The son of a …
The Manufactured Housing Institute’s (MHI’s) legislative report for August 12, 2014 says legislation in the California Senate Appropriations Committee would allow loans to be made from the Mobile Home Park Rehabilitation and Purchase Fund to a non-profit entity to purchase a manufactured home community as long as 30 percent or …
State Loans to Acquire an MHC must Insure Health, Safety and Affordability Read More
Continuing to show no fear in the face of global turmoil and tensions, all three major indexes advanced steadily but modestly in today’s trading, as CNNMoney tells MHProNews. The Dow Jones Industrial Average moved up +61.28 points, +0.37 percent, to close at 16,713.58. The Nasdaq advanced +0.43 percent, +18.87 points, …
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), housing affordability nationwide slipped in the second quarter 2014 for families earning the the U. S. median income of $63,900. 62.6 percent of new and existing homes sold in Q2 were affordable, a slip from 65.5 …
Housing Affordability Slips in Second Quarter, 2014 Read More
Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (TSE:KMP) announced on Aug. 13 shareholders of record as of Aug. 29, 2014 will be paid a dividend per share of $0.05, according to watchlistnews.com. While analysts at CIBC cut their target price back from $13.00 to $12.00 Aug. 8, they now have …
The Texas Association of Realtors reports not only did Texas see a rising inventory of homes for sale, but home sales in Q2 of 2014 increased 46.67 percent over the first quarter to 81,272 across the state. The median home price rose 5.87 percent from Q2 2013 to $187,300 for …
