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 vernonmorningstar tells MHProNews from Lumby, BC in south central British Columbia, Canada the council has finalized a new set of zoning bylaws. One of them permits a laying hen on any lot that has a single-family dwelling zoned rural or residential, excluding manufactured home communities. (Image credit: iClipart)
MHProNews has learned from nationalmortgagenews the average rate for a 30-year fixed-rate mortgage (FRM) according to Freddie Mac’s weekly survey remained steady at 3.53%, while a 15-year FRM dropped four basis points to 2.77%. Compared to last Feb. at this time, a 30- year average FRM is 34 basis points …
Asbury Park Press informs MHProNews New York City’s Robin Hood Foundation, which began raising money after Hurricane Sandy, including the 12/12/12 rock-star concert, has distributed over $45 million of the $67 million raised. The majority of the funding is going for housing-related services, as in the past. Of the $10.5 …
Investors stayed against the wall of the dance floor sifting through mixed economic news, including a drop of two percent in business productivity for Q4 2012 and and weekly jobless claims that came in above forecasts, sending the three indexes to the red zone. CNNMoney reports the Dow Jones Industrial …
RVBusiness informs MHProNews Drew Industries, Inc. of White Plains, NY will release its financials for Q4 2012 before the market opens on Wed. Feb. 20, and then host a conference call that same day at 11 AM ET for institutional investors and analysts. Others may listen to a live webcast …
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews state Senate Study Bill 1076 that tightens regulations on the MH business is opposed by the IMHA board of directors and the industry as a whole. Proposed by state Attorney General Tom Miller, the proposed legislation deals with the …
Following up on an MHProNews story Feb. 1, 2013 about the 1,000 homes that were damaged in a flood in Bundaberg, Australia, Premier Campbell Brown toured the area and assured the people who are currently living in tents that at least 12 three-bedroom modular homes will arrive within two weeks …
Heraldonline reports from Toronto, Canada that Innovative Composites International, Inc. (ICI), which produces modular housing for remote locations and disaster situations, has appointed Andrew McConnell to the board of directors, replacing Chris Kruba who resigned his position. McConnell is president and CEO of Ayiigwa Corp., which works with First Nation …
MHProNews has learned the Standing Rock Housing Authority of the Standing Rock Sioux Tribe in North Dakota will be accepting bids for multifamily modular housing to be transported and set on foundations at three different locations within the Standing Rock Reservation. The specifications call for (4) four plex and one …
The nationalmortgagenews tells MHProNews in true supply and demand fashion, the apartment vacancy rate fell to 4.5 percent, it’s lowest level in more than a decade, says Apartments.com, while rents rose 3.8 percent from a year earlier. In a survey of over 1,300 renters, the number of previous homeowners who …
Concerns about the Eurozone continue to trouble U. S. stocks, driving caution into the minds of investors, as the three main indexes moved little in either direction. CNNMoney reports the Dow Jones Industrial Average nudged up +0.05 percent, +7.22 points, to end the day at 13,986.52. The Nasdaq lost -0.10 …
Housing Composite Gains 4.59%; Tracked Housing Stocks Mostly Fall Read More
In describing the housing market as in “pre-covery” instead of “recovery”, the only factor that has really changed in the housing market is falling inventory, according to Jonathan Miller, writing on the millersamuelblog. He says falling inventory is the result of sellers becoming buyers (or renters), but with 40 percent …
Falling Inventory (and not much else) is Driving Prices Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) reports the number of improving housing markets grew in Feb. to 259, up from 242 markets in Jan., and now includes all 50 states and the District of Columbia. The IMI measures changes in housing permits, employment, and …
Despite pleas from a homeowner’s association representative that no more MH be allowed in the Hillcrest subdivision in Abita Springs, Louisiana, nola reports the St. Tammany Parish Zoning Commission approved a request to site a manufactured home in the subdivision. The home would be situated among other factory-built homes that …
MHProNews has learned from nationalmortgagenews Idaho Republican Senator Michael Crapo, who is becoming the ranking member of the Senate Banking Committee, enumerates his top priorities in his new position as revising portions of the Dodd-Frank Act; paring down GSEs role in the mortgage industry and moving to a private sector …
Speaking at a University of Montana economics seminar in Billings, Montana, economists noted Billings has the most robust growth of any urban area in Montana, and has nearly equaled its growth rate of 2007. As MHProNews has reported on several occasions, most recently Dec. 7, 2012, Billings is home to …
CNNMoney tells MHProNews investors are dashing to buy assets in every aspect of the housing supply chain—builders, undeveloped land, foreclosed homes, and building suppliers. Paulson and Co. has bought enough land in three western states to build up to 25,000 homes and is looking for more. Blackstone Group (BX) shelled …
Investors Looking to Cash in on Housing Market Rebirth Read More
According to atl.gmnews, some 17 manufactured homes are being prepared for occupancy at Pine Tree Mobile Home Park in Eatonton, New Jersey for people who still do not have a place to call home as the result of Hurricane Sandy. The rents will be from $750 to $850 with the …
Tech stocks drove the rally on Wall Street today as news spread of the $24.4 billion leveraged buyout of Dell computer, sending the Dow to just under the 14,000 mark. CNNMoney reports the Dow Jones Industrial Average advanced +0.71 percent, +99.22 points, to end the day at 13,979.30. The Nasdaq …
From north of the border CBC News reports single room factory-built trailers once used by the De Beers diamond company for housing mine workers and donated to Attawapiskat First Nation in 2009 for temporary shelter have become permanent housing for some. Others have fallen into such disrepair as to be …
