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.
CNNMoney reports data for November, 2012 from the U.S. Commerce Dept. says personal income rose 0.6 percent during the month while spending increased 0.4 percent and the rate of savings moved up from 3.4 percent in Oct. to 3.6 percent in Nov. While Hurricane Sandy led to a drop in […]
Income, Spending Rise in Nov. Read More
Although the three major indexes closed up for the week, they all dropped just under one percent over nagging concerns abut the fiscal cliff the country gets closer to each day. CNNMoney reports the Dow Jones Industrial Average fell -0.91 percent, -120.88 points, ending the week at 13,190.84. The Nasdaq
Three Indexes Drop, Housing Stocks Mixed Read More
WDSU-TV tells MHProNews a manufactured home was blown onto Interstate 10 in southern Louisiana at the foot of the Twin Span, a major thoroughfare over Lake Pontchartrain that connects New Orleans and Slidell, LA. The driver said he was coming down off the bridge when a huge gust of wind
High Wind Turns Manufactured Home into Roadblock Read More
ConstructionWeekOnline tells MHProNews Hawthorn Brook Group, which originally specialized in producing horse stables, is now also focusing on modular housing, and received its first contract in the region in Bahrain through its association with the Gulf Cooperation Council. Hawthorn’s Brian Fox says, “ Our products have a potential energy saving
Ireland Sends Modular Homes to Middle East Read More
Capeazettevillagesoup says First State Manufactured Housing is once again offering $2,000 college scholarships to Delaware students who have lived in a manufactured home for over one year. Applicants will be judged on scholastic record, financial need, a 500 word essay and personal recommendations, and must file the Free Application for
First State Offers Scholarships Read More
According to the National Association of Realtors (NAR), the annual pace of 5.04 million existing homes sold in Nov. 2012 exceeded experts prediction of 4.9 million, and rose above the 4.76 million sold in Oct. and the 4.39 million in Nov. 2011. CNNMoney says it was the highest level since
Existing Home Sales Increasing Read More
According to originationnews, for the week ending Dec. 20 Freddie Mac says the average rate for a 30 year fixed-rate mortgage (FRM) rose by five basis points to 3.37 percent while the average 15-year FRM dropped one point to 2.65 percent. The average rate for a five-year Treasury-indexed hybrid adjustable
Average 30-year FRM Rises Read More
Following a complaint by neighboring property owners that a manufactured home has been sited on a lot next to another home designated for one single-family home, the SapulpaHeraldOnline reports the Creek County Board of Commissioners in Oklahoma has authorized a letter be sent to the owner of the MH notifying
MH Sited Illegally, say Neighbors Read More
SBWire reports from Texas more people are looking at modular homes than they did in 2011 in the Lone Star state. Modular Homes Network (MHN) says eight percent more than last year inquired about modular homes as an option. Although interest was up over all the state, the greatest concentration
Modular Interest Grows in Texas Read More
U.S. stocks moved slightly higher today even as the White House and Congress seem to be at loggerheads in trying to resolve the fiscal cliff problem. CNNMoney reports the Dow Jones Industrial Average gained +0.45 percent, +59.75 points, ending the day at 13,311.72. The Nasdaq moved up +0.20 percent, +6.02
More Housing Stocks Gain than Lose Read More
Nationalmortgagenews reports the national value of homes remains $5.8 trillion short of the $29.5 trillion peak from the third quarter of 2006, according to home-listing service Zillow Inc. As the housing market recovers from its worst slump in 75 years, house values advanced six percent this year, the first increase
Housing Values Keep Adding Up Read More
CrainsCleveland reports Freehold, New Jersey-based UMH Properties has acquired 125-site Olmsted Falls MHC in the southwestern suburbs of Cleveland, Ohio for $3.6 million. The 14-acre property in Olmsted Falls marks UMH’s second MHC acquisition this month just outside Cleveland. As MHProNews reported Dec. 4, 2012, it purchased 141-site Twin Oaks
UMH on the Buying Path Again Read More
LowerProvidencePatch reports the Southeastern Pennsylvania American Red Cross delivered emergency preparedness and fire safety literature to 440 residents of four MHCs in Lower Providence Township, northwest of Philadelphia. Students at St. Gabriel’s Hall helped assemble the plastic bags containing the information which notes manufactured homes nationwide annually account for 17,700,
Red Cross Spreads Safety Info Read More
The Hays Daily News from Hays, Kansas reports a housing needs assessment conducted this year reveals there is an abundance of higher-priced single-family homes while a definite shortage exists of affordable, entry-level, senior and student housing. For 2013, a task force comprised of local city officials and economic development personnel
Modular Housing Considered for Kansas Read More
CNNMoney reports U.S. Census Bureau data indicates new home construction fell three percent from Oct. numbers but still was 21.6 percent above year-ago levels. The decline of new home construction to an annual pace of 861,000 units in November may be the result of Hurricane Sandy hitting the Northeast, which
Building Permit Applications Rise Read More
Although markets have made solid gains in the past few days, investors backed away today as they awaited an agreement from Washington to resolve the fiscal cliff dilemma. CNNMoney reports the Dow Jones Industrial Average fell -0.74 percent, -98.99 points, ending the day at 13,251.97. The Nasdaq moved down -0.33
Waffling in Washington Produces Modest Housing Stock Movement Read More
The Associated Press says outgoing Ind. Gov. Mitch Daniels is taking the recreational vehicle featured in his two gubernatorial campaigns on its final trip today. “RV One” will be driven from the statehouse in Indianapolis to Elkhart, Ind. where Gov. Daniels will donate it to the RV/MH Hall of Fame
Governor’s RV Donated to Museum Read More
While many economists and analysts think the housing recovery will plod along and finally achieve “normalcy”, some saying not until 2020, other experts predict a housing boom will hit within two to three years. As CNNMoney tells MHProNews, Barclays Capital analyst Stephen Kim states, “In our view, the housing market
Housing Recovery: Sooner Rather than Later Read More
The National Association for Home Builders/Wells Fargo Housing Market Index (HMI) reports builder confidence for new single-family homes rose two points in Dec. to 47, the highest level since April 2006. The HMI rates builders perceptions of market conditions based on current traffic, sales expectations for the next six months,
Builder Confidence Improves Read More
GSNMagazine says the Federal Emergency Management Agency (FEMA) is sponsoring a design competition for six different types of emergency housing units to address future disaster housing needs, and license the winning designs to the manufacturers of the homes. FEMA wants one, two and three bedroom homes to comply with the
FEMA Sets up Design Competition Read More
