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.
According to the California Association of Realtors (CAR), the pending home sales index in Calif. rose 4.3 percent, to 120.2 last month, compared to 115.2 in Sept. 2012, while pending home sales are up 3.6 percent over the 116.1 index of last year, the first time in seven months both …
HousingWire tells MHProNews mortgage applications fell 2.2 percent for the week ending Nov. 16, according to the Mortgage Bankers Association (MBA). Meanwhile, the refinance index dropped three percent from the previous week as refinancing activity comprised 81 percent of all loan applications, the same number as the previous week. The …
The three major indexes all finished above one percent for the shortened trading day, spurred on by investors’ anticipation of Black Friday consumer sales, drove the Dow back above thirteen thousand. CNNMoney reports the Dow Jones Industrial Average gained +1.35 percent, +172.79 points, ending the day at 13,009. 68.The Nasdaq …
Dow Back Above 13k; Housing Stocks Mostly Move Little Read More
After Spring 2011 flooding forced 1,000 Lake St Martin First Nation residents from their homes in central Manitoba, Canada, the provincial government set up 60 furnished modular homes on a former radar base near Gypsumville. According to WinnipegFreePress, nine months later only 13 families have taken up the offer, others …
A Connecticut foundation with roots in Staten Island (SI) is offering 20-30 fully furnished modular homes to SI residents displaced by Hurricane Sandy sited on four acres of land the Faith Church owns in New Milford, Conn. Frank Siller, of the Stephen Siller Tunnel to Tower Foundation, John Hodge, director …
Gizmag tells us a Spanish partnership of CSO Arquitectura and prefab home builder Torsan has developed a modular home that can be move-in ready three weeks afer it is ordered. It takes a week to produce the detailed drawings, the frame and paneling are completed over three days, and a …
As follow up to an article we posted June 19, 2012 about Broad Sustainable Building Corp. constructing the world’s largest skyscraper in 90 days from modular units, the project is about to get underway. TIME says the 2,749-foot, 220-story tower in China’s Hunan Province will contain apartments for 30,000, a …
The U. S. stock markets are closed today in honor of Thanksgiving Day. (Photo credit: Wikipedia)
TheAlmaTimes tells MHProNews the former Fleetwood manufactured home plant in Alma, Georgia that began production in 1993 and closed July 2009 as the result of bankruptcy will reopen as a modular commercial manufacturing facility. Titan Modular Systems plans to hire 100 workers. (Photo credit: TheAlmaTimes)
The staff at Manufactured Home Marketing Sales Management wish you and yours a Blessed Thanksgiving. (Photo credit: Fotosearch)
As we reported Oct. 9, 2012, Southfield, Mich.-based Sun Communities, Inc. (SUI) announced it was purchasing four manufactured home communities in eastern Mich., with 1,996 homesites for $70.8 million, and providing mezzanine financing for two other MHCs that it will manage, with 1,598 homesites, all being acquired from entities of …
RidgefieldPatch reports a proposed affordable modular housing project in Ridgefield, Connecticut has met with stiff opposition from neighbors as well as a planning and zoning commission member. The four, 3.5-story buildings on .41 of an acre would have 11 units, 30 percent of which would be affordable housing to help …
Forbes reports that if the Democrats truly want to restore the economy to the prosperity enjoyed during the Clinton years and avoid the “fiscal cliff,” the administration needs to enact policies that mimic those years, which include repealing ObamaCare and reducing federal regulation. In addition, federal spending was much smaller …
The government’s strong report on jobless claims and positive housing news trumped concerns over Greece’s economic woes as the three indexes all advanced, although slightly. CNNMoney reports the Dow Jones Industrial Average gained 0.33 percent, +41.83 points, ending the day at 12,830.34. The Nasdaq advanced +0.34 percent, +9.87 points to …
OriginationNews tells MHProNews the average 30-year mortgage rate dropped to a new record low, 3.31% in Freddie Mac’s weekly survey. During the week ending Nov. 21 the 15-year mortgage rate also set a record, dropping to 2.63% from 2.65% the previous week. Shorter-term rates moved little or none, as the …
After 40 years in print form, the NADA Manufactured Housing Cost Guide is finally going digital. MHProNews has been informed NADAguides Manufactured Housing CONNECT digital solution will allow community owners, dealers, and insurance and financial institutions to determine the value of inventory as well as portfolios. Accessible from any device …
GlobeNewsWire reports from Finland, Stora Enso and Skanska are collaborating to build a moderately priced modular housing project comprised of 36 BoKlok apartments in seven multi-story buildings. Skanska and IKEA developed the BoKlok concept in the mid-1990s, and 5,000 homes have been sold in Sweden. Stora Enso’s Hartola production unit …
Finnish Collaboration to Build Affordable Modular Housing Read More
In its attempt to identify possible solutions for the estimated 20,000 people made homeless by Hurricane Sandy, some of whom may be without homes for months or years, the Federal Emergency Management Agency (FEMA) is considering using modular stackable units to temporarily house residents of New York and New Jersey. …
CNNMoney reports U.S. Census Bureau figures indicate home building rose to its highest level in four years in Oct., with builders beginning construction at the annual adjusted rate of 894,000 last month, 3.6 percent better than the previous month. While single-family home starts changed little from Sept., multi-family building has …
The three indexes barely budged today as investors renewed worries about the European debt crisis and a sharp sell-off of Hewlett-Packard shares. CNNMoney reports the Dow Jones Industrial Average lost -0.06 percent, -7.45 points, ending the day at 12,788.51. The Nasdaq advanced +0.02 percent, +0.61 points to close at 2,916.68, …
All but One Tracked Housing Stock Squeaked out a Gain Read More
