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.
The National Association of Realtors (NAR) reported existing home sales fell to the lowest level in January since July 2012 as low inventory sent home prices higher. Total existing home sales fell 5.1 percent to a seasonally-adjusted annual rate (SAAR) of 4.62 million last month from 4.87 million in December, …
Mixed signals concerning the health of the economy and corporate earnings led investors to step back from the market to end the week. CNNMoney reports the Dow Jones Industrial Average slipped -29.93 points, -0.19 percent, to end the day at 16,103.30. The Nasdaq dropped -4.14 points, -0.10 percent, to finish …
Louisiana Pacific and Nobility Homes Gain over Four Percent Read More
U. S. Housing and Urban Development Secretary Shaun Donovan, noting that a housing trust fund needs to be established that supports $5 billion in affordable housing production a year, says the congressional GSE (government-supported enterprise) reform legislation that eventually eliminates Fannie Mae and Freddie Mac needs to include such a …
Landmark Properties wants to redevelop the 56-site Arrowhead Village manufactured housing community (MHC) in Flagstaff, Arizona into a 191-unit student housing complex. As the azdailysun.com reports, a meeting designed to meet the city’s zoning requirements and introduce the project to the public drew 100 people who wanted to know about …
Manufactured Housing Community Owner Plans Redevelopment Read More
An increase in enrollment projections exceeding expectations in the Cumberland Valley School District in south central Pennsylvania is leading officials to consider an $88 million budget addition over the next eight-10 years. While middle school and high school enrollment will exceed capacity within eight years, at the elementary school level …
Pennsylvania School District may Opt for Modular Additions Read More
A late construction start due to a late spring has resulted in the development of the new St. Kateri School in Fort McMurray, Alberta, Canada now set to open with 12 modular classrooms in November of the 2014-2015 school year instead of at the beginning in September, 2014. Part of …
The developers of the Grandview Apartment Development Project, a 72-unit apartment complex planned for Redwood Falls, Minnesota, continue to try and bring the per-unit cost down to $70,000. Trident Development, working with a local modular builder, as redwoodfallsgazette.com informs MHProNews.com, has lowered the cost to $78,000 per unit, and continues …
The most recent collection of weak economic reports did not faze investors today as the S&P closed within ten points of its all-time high and the Nasdaq has advanced nine of the last ten trading days. CNNMoney reports the Dow Jones Industrial Average gained +92.67 points, +0.58 percent, to end …
Patrick Ind. Spikes 17%; Three Major Indexes Advance Read More
Using the H-2A visa foreign guestworker program to harvest fruit crops in Washington state requires the growers to provide housing for the workers. In 2013 there were 6,221 employees under the program, many living in manufactured homes, 12 to a home, that accompany the fields of the larger growers. This …
Ashland Holdings LLC, a subsidiary of Great Plains Holdings, Inc. has completed its phase 1 purchase of two parcels of land in Wildwood, Florida, which include a manufactured home that will be rented, and a 1,400 square-foot corporate office building, part of which Ashland will use and the other part …
Harking back to MHProNews.com Feb. 11, 2014, Patrick Industries, Inc. (PATK) released its financial for Q4 2013 and 2013. Fourth quarter 2013 net income was $5.0 million or $0.47 per diluted share. This compares to net income of $3.2 million or $0.30 per diluted share in the comparable period 2012. …
Unusually severe weather combined with a shortage of available lots and labor led homebuilder confidence to fall ten points to 46, as determined by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The survey gauges current sales conditions, sales expectations in the coming six months, and …
Mortgage applications continued to fall compared to the previous week, falling 4.1% for the week ending Feb. 15, as the refinance share of mortgage dropped slightly to 61 percent of all apps. As the purchase index slipped 6% from one week earlier, the refinance index dropped three percent from the …
Mortgage Rates Rise Slightly as Mortgage Apps Drop Read More
While a tepid jobs report greeted the new year, leading to a slow start for the housing market, mortgage rates actually fell from early January to early February in the U. S., resulting in opportunities for refinance activity, according to worldpropertychannel.com. Noting that job and income growth are necessary for …
Housing Market Stymied by Rising Home Prices, Poor Jobs Report Read More
According to newly-released figures from the Census Bureau and the U. S. Department of Housing and Urban Development (HUD), housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, reports the National Association of Home Builders (NAHB). Of these, single-family housing starts accounted for …
The three major indexes all ended in red ink in today’s trading after minutes from the January Federal Reserve meeting indicated tapering of the monthly stimulus will continue, and news that housing starts in January were less than anticipated. CNNMoney reports the Dow Jones Industrial Average fell -89.84 points, -0.56 …
Patrick Edges Up, UFPI Drops, Housing News Dings Three Major Indexes Read More
Real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) will release its earnings report Thurs., Feb. 20. With a 52-week high of $57.78 and a low of $39.53, the stock has a 50-day moving average of $44.99, a market cap of $1,729 billion and price-to-earnings ratio of 171.93. The stock’s …
According to ycharts.com, on average about one million new households are created each year, but since the recession that has dropped to 500,000, spurring trulia.com to say there are “2.4 million” missing households. In his 2011 Berkshire Hathaway shareholders letter, Warren Buffett says, “People may postpone hitching up during uncertain …
Technology-based internet marketing services company SearchCore, Inc. of Lake Forest, California announces plans to open its second Wisdom Homes of America, Inc. manufactured home retail center, according to globenewswire.com. As MHProNews.com reported Feb. 4, 2014, Wisdom was set to open its first retail center in Rhome, Texas. The newest operation …
The YMCA of London (England) South West is behind the Y:Cube project that will offer modular housing for singles and couples in need of affordable accommodations in Winbledon, according to what yourlocalguardain.co.uk tells MHProNews.com. Richard Blakeway, deputy mayor of London, says, “Y:Cube is a fantastic example of innovative housing projects …
