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.
President Obama signed a disaster declaration—HUD No. 12-169–for the state of Rhode Island in the wake of Hurricane Sandy’s swath of damage. Fannie Mae and Freddie Mac are offering forbearance on loans to borrowers affected by Hurricane Sandy, and Freddie says its servicers can suspend eviction and foreclosure proceedings for …
MHProNews has learned from 24/7 Wall St. the median list price for homes in the ten most expensive zip codes range from $2.8 million to $6.7 million. The top six are Alpine, New Jersey 07620 median sales price (MSP) $6.7 million; Ross, Calif. 94957 MSP $5.3 million; New York City …
The median sales price of a home spiked 14.8 percent and sales rose 15.1 percent over year ago levels, says the Minneapolis Area Association of Realtors regarding a 13 county area. The number of houses on the market rose 7.5 percent from a year ago October, as HousingWire tells MHProNews, …
Reporting from New York City, observer says the return to normalcy in parts of the battered city, from the homes that burned to those that washed away, will be many months. Owners of one expensive high rise in lower Manhattan do not know when their units will be habitable, and …
The BarrowCountyNews from Winder, Georgia reports two MHCs finally have their water back on after the owner, Affordable Housing Communities (AHC), paid thousands in back utility bills. Residents of Russell Village and Winder Village Mobile Home Parks had running water off and on Thursday and Friday of last week, but …
Stocks were stymied today by investors’ fears about the impending fiscal cliff as well as the debt crisis in Europe and Greece, as the three major indexes moved no more than 0.02 percent. CNNMoney reports the Dow Jones Industrial Average moved nowhere, closing at 12,815.16. The Nasdaq lost -0.02 percent, …
RVBusinss says Lippert Components, Inc., a subsidiary of Drew Industries, Inc., has announced plans to re-brand its seating and furniture operations into Lippert Interior Solutions, and consolidate its seating manufacturing operations into one 160,000 manufacturing plant instead of the current two 70,000 square foot facilities. Says LCI Director of Product …
Lippert Rebrands Division and Consolidates Manufacturing Read More
CNNMoney reports homebuilder D. R. Horton (DHI) missed revenue estimates in the third quarter 2012, but notched a profit that beat estimates. Meanwhile, Beazer Homes (BZH) exceeded its revenue expectations but its quarterly loss was more than anticipated, as it’s stock dropped nearly 14 percent. Horton’s shares fell 3.5 percent. …
Responding to Hurricane Sandy, in a letter to the editor in the Brooklyn Daily, M. Taeler suggests Floyd Bennett Field as a site to produce modular homes, and set up a community to house the chronic homeless and the victims of the hurricane. Now a park, the field was NYC’s …
JetsonGreen tells MHProNews M. Gerwind Architects, trying to close in on a net-zero energy home, has developed a narrow 145 foot long container dwelling with a cantilevered master bedroom. This 2,800 square foot modular unit has 140 feet of solar panels and is being sited in Boulder, Colo. Although they …
TMCnet reports SmarTrend ranks Equity LifeStyle Properties, Inc. (ELS) as the number one real estate investment trust (REIT) in sales growth, with a gain of 32.8 percent. Sun Communities, Inc., (SUI) ranks third with 19.2 percent sales growth. As MHProNews has leaned, SmarTrend analyzes 5,000 securities simultaneously throughout the trading …
Stocks began the day moving up on positive economic reports, but after President Obama spoke about raising taxes on the wealthy to help pay for the impeding fiscal cliff, they fell back, although still registering small gains. CNNMoney reports the Dow Jones Industrial Average nudged up +0.03 percent, gaining +4.07 …
MHProNews has learned effective Jan. 2013 the Consumer Financial Protection Bureau (CFPB) will assume authority of the Fair Credit Reporting Act (FCRA) as it moves out of the Federal Trade Commission. The CFPB issued new regulations that delineate the form governing the conducting of a credit check by a prospective …
Further evidence that Warren Buffett’s Berkshire Hathaway is poised for the worst housing slump in 70 years to end, he has been buying real estate brokerages around the nation and is partnering with a Canadian real estate brokerage to double the scope of his business. Partnering with Brookfield Asset Management, …
The DailyStatesman says the Bernie, Missouri Board of Aldermen turned down the recommendation of the city’s zoning committee to allow modular homes in all R-2 areas of the city. Five modular homes have been discovered in areas zoned only for single-family homes and duplexes. Alderman Tim Gage said the aldermen …
BusinessInsider says the buzz on the internet is corporate America is sitting on bundles of cash instead of hiring, blaming it on the uncertainty of the election. Now that the election is over, voters made their choice regardless of what the opposition says, and corporate America needs to get back …
According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), builder confidence increased in the third quarter 2012 threefold over a year ago, from 12 to 36. A score of 50 or better indicates more builders see conditions as favorable, as opposed to unfavorable. There are …
The Washington Post reports that the federal government is moving manufactured homes into the New York and New Jersey areas hit hardest by Hurricane Sandy, according to the Federal Emergency Management Agency (FEMA). Forty prefabricated homes are en route to a staging area in New Jersey from Maryland, and FEMA …
NNMoney reports the latest twist on Craigslist is people looking for co-signers on loans because they do not have good enough credit on their own. A would be borrower in Ohio is offering a tractor and a car as collateral for someone to co-sign a $5,000 personal loan. A student …
Investors’ fears of political gridlock regarding the upcoming ‘fiscal cliff’ that could put the U.S. economy back into recession trumped a drop in first-time unemployment claims as well as a trade deficit that narrowed to $41.5 billion instead of expanding, putting the indexes in the red for today. CNNMoney reports …
Indexes Drop One Percent, most Tracked Housing Stocks Follow Read More
