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.
Minutes released from the Federal Reserve’s last meeting in June reveal about half of the Fed’s officials want the bond-buying program to end this year, seemingly at odds with Reserve’s Chairman Ben Bernanake who had earlier projected it would end mid 2014. In any case, stocks moved slightly higher after […]
Housing Stocks Closed Mixed; Dow Moves Up Despite Fed Minutes Read More
Dick Jennison, President and CEO of the Manufactured Housing Institute (MHI), will be keynote speaker at the annual RV/MH Hall of Fame Induction Dinner for the Class of 2013 Aug. 5 in Elkhart, Ind. With a background in advocacy and management, Jennison was chosen to lead MHI in Feb. 2012,
Manufactured Housing Institute Head to Keynote RV/MH Induction Read More
The U.S. Senate is considering rewriting the tax code which could eliminate housing tax incentives and thereby negatively affect all home residential construction businesses as well as home values, taxes, and the economy in general. The mortgage interest deduction and the Low Income Housing Tax Credit could both be at
National Association of Home Builders Sounds the Alarm Read More
The Texas Manufactured Housing Association (TMHA) sends a reminder that nominations for the TMHA Board of Directors are due by 5 PM today, July 10, 2013. The two-year term requires four board meetings a year. Postmark, fax, or email your nomination form to caitlin@texasmha.com. Or call (512) 459 1221. Texas
Last Day for TexasMHA Board Nominations Read More
Bringing modular homes into West, Tex. to people displaced by the April 17, 2013 explosion will cost $10,000 each, which does not include hooking up to utilities. The forty units, as MHProNews reported June 11, 2013, would house two families apiece, but will be available only to residents who are
Modular Homes to West, Tex? The City Hopes Read More
The Midland City Council in Midland, Tex. approved a one-year temporary use permit for a 70-unit manufactured home community to house Midland Independent School District’s (ISD) teachers and other employees. Updating a story MHProNews posted June 25, 2013, the council chose to develop ISD owned property instead of leasing sites
School Building Manufactured Home Community for Staff Read More
Debate continues in Williamstown, Mass. about the feasibility of retaining a 224 homesite manufactured housing community that sits in a 100-year flood plain for affordable housing. The Board of Selectmen of Williamstown, Mass. has voted to ask the Conservation Commission to remove the site from conservation restrictions, and then inquire
Manufactured Housing Community to Close, may be Rebuilt Read More
Growing faster than any other segment of the housing industry, the Building Systems Council in Nova Scotia, Canada says manufactured and modular home sales comprise 7-8 percent of the total housing market, having increased in sales by 50 percent the last 15 years. Trevor McKay of the North Grant Park
Manufactured and Modular Home Sales Rise in the North Read More
Alcoa beat forecasts for its second quarter earnings as sentiment continues to be buoyed by the jobs report last week, nudging all three major indexes up in today’s trading. CNNMoney reports the Dow Jones Industrial Average advanced +75.80 points, +0.50 percent, to close at 15,300.49. The Nasdaq rose +0.56 percent,
Most Tracked Housing Stocks, Three Major Indexes Advance Read More
The 25-metropolitan-area RPX Composite home price increased 13.1 percent April 2012 to April 2013, and was up 2.7 percent over March 2013, as Radar Logic Inc. reported in its RPX Monthly Housing Market Report. From its low of $169.62 per square foot in Jan. 2012, the RPX Composite increased 23.7
Home Values Continue Rising Read More
The Watertown Plan Commission in South Dakota has received a petition from Douglas and Teresa Engels to rezone a property currently designated R-4 Manufactured Home Residential District and C-3 Highway Commercial District to C-2 Local Commercial District. The petition will be considered by the plan commission July 18, as MHProNews
Owners Request Move out of Manufactured Home Designation Read More
Billionaire investor Warren Buffett, as part of his pledge to annually donate to five foundations, donated 17,458,431 of class B shares of Berkshire Hathaway (NYSE:BRKB), worth $2 billion, to the Bill and Melinda Gates Foundation. He donated $200 million of the same stock to the Susan Thompson Buffett Foundation, in
Warren Buffett Contributes Billions to Charity Read More
Providing mortgage rates rise in sync with underlying economic conditions, “Home sales and housing starts should continue to steadily improve even as interest rates edge higher,” according to a Wells Fargo Securities (WFS) Economics Group study. The report says 19 months of below four percent interest rates did not spur
Wells Fargo: Interest Rates Rise may Spur Home Sales Read More
U. S. stocks nudged up slightly in today’s trading as investors prepare for second quarter corporate returns. CNNMoney reports the Dow Jones Industrial Average advanced +88.85 points, +0.59 percent, to close at 15,224.69. The Nasdaq rose +0.16 percent, +5.45 points, to end the day at 3,484.83, while the S&P gained
Most Housing Stocks we Track Moved Up Read More
Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44
Drew Draws Top RV Industry Number Read More
A total of 255 metropolitan housing markets across 49 states and the District of Columbia have remained on the National Association of Home Builders/First American Improving Markets Index (IMI) for July, down from the 263 areas that ranked in June, but over three times the number listed in July 2012.
Housing Market Slips Month-over-Month, but Flourishes Year-over-Year Read More
House Republicans, led by Rep. Jeb Hensarling of Tex., Chairman of the House Financial Services Committee, are getting set to introduce mortgage finance reform legislation that will totally eliminate government sponsored enterprises (GSEs) and replace them with a private system. Knowing all the features are not likely to pass, the
Mortgage Finance Reform Tops Congressional Agenda Read More
Sustainable design is woven into the Nicholson modular housing development in Coburg, Victoria, Australia. Combining 110 privately owned units with 89 affordable rental dwellings, the offset building height of the stacked modules provides access to light and views, and maximizes winter sun and cross ventilation. The greenery in the shared
199 Unit Modular Building Breaks Up the Skyline Down Under Read More
A semi towing a manufactured home in Stevensville, Mont., south of Missoula, tipped over, closing part of the highway for several hours. The home was a total loss and the driver was transported to the hospital with non life-threatening injuries. As nbcmontana tells MHProNews, the trailer hauling the home was
Manufactured Home Demolished in Accident Read More
Adding to a story we posted July 4, 2013 from Harvard University’s annual Joint Center for Housing Studies, the report reveals 42.3 million families (37 percent of the nation’s total) pay more than 30 percent of their income for housing, including 20.6 million who pay more than 50 percent of
Plenty of Hardship in the Land of Plenty Read More
