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.
Asbury Park Press in New Jersey reports in a state where almost 350,000 homes suffered significant damage, according to the Christie administration, long dormant home builders may be in for a long and prosperous stretch. The Shore’s builders are hiring staff and gearing up for increased work, and are finding …
InvestorPlace informs MHProNews hordes of college grads unable to find work are moving back home, according to the Census Bureau. In addition to their education, they are carrying one trillion dollars in student loans, which is undoubtedly preventing them from investing in big ticket items like cars and homes, especially …
IndependentMail reports from Seneca, South Carolina a volunteer crew from Foothills Community Church of Seneca helped site and finish two modular Oconee County Habitat for Humanity homes. The church is donating $25,000 towards the cost and 100 volunteers from the congregation are helping complete the homes. Bill Banholzer, modular home …
RVPro reports Cavco Industries, Inc. will be featured on the Science Channel’s “How it’s Made” Dec. 13 at 9 PM EST. Focusing on factory-made housing, the model displayed will have solar panels on the roof, prototype backup propane generator, recycled lumber composite decking, on-demand water heating, as well as an …
Gains on the stock market were pared back to more modest advances as news from the technology sector buoyed concerns over the fiscal cliff and the European debt crisis. CNNMoney reports the Dow Jones Industrial Average gained +0.11 percent, +14.75 points, ending the day at 13,169.88. The Nasdaq moved up …
Indexes Nudge up; Housing Stocks Move Little Either way Read More
DoverPost reports First State Manufactured Housing Association members donated over $1000 to help restock food pantries in Kent and Sussex Counties, Delaware, much as they did last year as MHProNews reported it Dec. 8, 2011. $1000 went to food banks around Sussex County and $500 to pantries in Kent County. …
ValleyRecord says a hospital board in Snoqualmie, Washington just east of Seattle voted to close a deal with Equity LifeStyle Properties, Inc. (ELS) over two years early and take immediate possession of the property, saving $5 million and reducing debt by almost $7 million. The 22-acre property, formerly the site …
MHProNews has learned the National Modular Housing Council (NMHC) reports 3,827 new modular homes were shipped in the third quarter of 2012, an increase of 14.5 percent over Q3 2011. Compared to the same quarter in 2011, 17 states showed increases in shipments, eight states showed declines, and nine states …
Effective Dec. 1, 2012, MHProNews has learned the Manufactured Housing Association for Regulatory Reform (MHARR) has moved its offices to Suite 512, 1331 Pennsylvania Ave. N.W., Washington, D.C. 20004. Contact information for the organization remains the same. Telephone: (202) 783 4087; Fascimile: (202) 783 4075; Email: mharrdg@aol.com (Image credit: Manufactured …
Waning consumer sentiment trumped news of the drop to 7.7 percent unemployment, as the three major indexes and many U.S. Stocks closed mixed. CNNMoney reports the Dow Jones Industrial Average gained +0.62 percent, +81.09 points, ending the week at 13,155.13. The Nasdaq fell -0.38 percent, -11.23 points, to close at …
Skyline Rises, Nobility Falls as U.S. Stocks close Mixed Read More
MHProNews has been notified the Arkansas Manufactured Housing Association (AMHA) has announced elected officers and directors for 2013-2014 at their recent 41st annual convention in Little Rock. The leadership positions are: Board Chairman, Sherman Price of Price Mobile Homes; Vice Chairman of the Board, Kevin Hawks of Hawks Homes; Sec., …
As we reported here Sept. 5, 2012, residents of Hilltop Mobile Home Park in College Township, Penn. received notices the community was closing and they have to move by the end of February, 2013. CentreDaily reports a dozen people spoke at a College Township meeting in favor of keeping the …
The National Association of Home Builders (NAHB) reports to MHProNews the Multifamily Production Index (MPI), which measures builder sentiment in the multifamily and condominium marketplace, remained steady with a reading of 52, the third consecutive month of readings over 50. Any number over 50 indicates more builders think conditions are …
Nonbank lenders are closely watching the progress of the loan officer compensation rule set to be released mid January, 2013 by the Consumer Financial Protection Bureau (CFPB) as it could have a large effect on their income. A key issue to watch, as originationnews tells MHProNews, is dual compensation where …
GuruFocus reports Drew Industries, Inc. (DW) President and CEO Fredric Zinn sold 15,3000 shares of Drew at an average price of $32.45 on Dec. 3, 2012. He still owns 82,078 shares following the sale. The value of the stock fell by 1.36 percent since. Jason Lippert, CEO of Drew subsidiary …
KULR8TV in Billings, Montana tells MHProNews the 70,000 square foot former Sutton Sportswear building has been occupied the last six months by modular home builder Cass Homes, and the company plans to hire an additional 20-30 workers within the next two months. Providing high-end homes to eastern Montana, Canada and …
NJToday tells MHProNews an Assembly committee in the New Jersey legislature approved fire safety legislation that would require all new single and two-family homes to have a fire suppression system that conforms to the State Uniform Construction Code. Under the “New Home Fire Safety Act” a certificate of occupancy would …
Manufactured Housing Dodges Fire Suppression System Read More
Tech stocks gave the market a push today, especially Apple’s rise of 1.6 percent, but the impending fiscal cliff continues to cast a gloomy shadow. CNNMoney reports the Dow Jones Industrial Average gained +0.30 percent, +39.55 points, ending the day at 13,074.04. The Nasdaq moved up +0.52 percent, +15.57 points, …
The FHA Emergency Fiscal Solvency Act (H.R. 4264), to insure solvency of the agency’s single-family insurance fund, passed the House 402-7 last Sept. and is awaiting action before the Senate Banking, Housing and Urban Affairs Committee. House Financial Services Committee Chairman Spencer Bachus sent a letter to Sen. Tim Johnson, …
Many community banks are still weighed down by non-performing construction loans, so their regulators do not want them issuing new construction loans, especially since so many small banks sank when the housing bubble burst. Originationnews tells MHProNews with housing starts up 3.6 percent Oct. 2011 to Oct 2012, community banks …
