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.
In the wake of Hurricane Sandy, the Manufactured Housing Institute (MHI) reminds community owners and managers of the importance of having a preparedness plan in place for residents in case of an impending hurricane or sudden tornado. If a community has multiple exits, who should use which exit, and what …
After 13 months of consecutive growth, the manufactured housing industry produced fewer homes in Sept. 2012 than the previous Sept., according to the Manufactured Housing Association for Regulatory Reform (MHARR). Data compiled for the Dept. of Housing and Urban Development (HUD) indicates HUD Code homes produced this past Sept. numbered …
Investors pushed the Dow Jones higher at the beginning of the day after the good jobs report from the federal government, but dropped as the anticipation and uncertainty of next week’s election came into view. CNNMoney reports the Dow Jones Industrial Average lost -.01 percent of the gain from yesterday, …
Cavco, Patrick, Skyline, Deer Valley lose 4% or more Read More
Based in Santa Monica, Calif., Living Homes has introduced three low-cost modular homes ranging in size from 1,300 to 2,200 square feet, priced from $200,000 to $320,000. JetsonGreen informs MHProNews Cavco Industries, Inc. is building the homes with strict environmental concerns that follow a LEED Platinum level program—-cork floor, energy-efficient …
TheWesterlySun reports the town of Richmond, Connecticut is providing extra services to the seniors of Hillsdale Mobile Home Park who are without electricity as the result of Hurricane Sandy. The town’s emergency management director has been delivering meals to the residents, and Verizon has re-established phone service. As MHProNews has …
MHProNews has learned from Investors D.R. Horton, Inc. (NYSE:DHI), has received lending commitments from five additional banks that will provide an unsecured line of revolving credit of $600 million, which could be extended to one billion given certain conditions and the availability of additional funds. Horton is the nation’s largest …
In its report of fiscal 2013 second quarter financial results, Phoenix-based Cavco Industries , Inc. (Nasdaq: CVCO), reports net sales fell 15.3 percent, to $110,084,000 from the comparable period of 2012 when sales hit $130,008,000. GlobeNewsWire says net income for Q2 2013 dropped to $2,681,000 from $3,172,000 for the same …
Manufactured housing has become an important issue in a second house of representatives district in Delaware. The first pits challenger Beth McGinn against incumbent Briggs King for Seat 37 is south Delaware, as we last reported Oct. 17,2012. DelawareNewsZap tells MHProNews Democrat Theodore Yacucci is running to represent District 34 …
President Obama signed disaster declarations for 13 states and the District of Columbia in the wake of Hurricane Sandy, according to nationalmortagenews. 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 …
Payroll processor ADP says 158,000 jobs were created last month as initial jobless claims fell by 9,000, spurring the market to rally for the first day of Nov. as all three indexes rose above one percent, according to CNNMoney. The Dow Jones Industrial Average moved up +1.04 percent, +136.16 points, …
RVBusiness reports with 21 manufactured home communities and 35 recreational vehicle resorts along Hurricane Sandy’s path, Equity LifeStyle Properties Inc. (ELS) experienced minimal damage, and no one among staff or residents was known to have been injured. Preliminary reports indicate property damage amounting to under $500,000 was sustained, mostly for …
MetroWestDailyNews informs MHProNews the Sudbury (Mass.) Housing Authority will celebrate the culmination of a project that began 21 years ago, as the last of five modular duplexes will be dedicated Tue., Nov. 1. Designed by KBS Building Systems of Maine, the units will provide affordable housing to ten families who …
Parents in the Santa Ynez Valley north of Santa Barbara, California are objecting to a ballot initiative to raise taxes to fund a school board bond that would demolish 19 modular classrooms purchased between 1996 and 2008. The parents have asked for a town hall meeting to discuss the issue, …
LoanSafe says the Department of Housing and Urban Development (HUD) and Louisiana officials are considering modular housing in their search for post Hurricane Isaac solutions to a housing shortage. The Mississippi Development Authority (MDA) oversaw a number of housing programs following Hurricane Katrina, including one called Mississippi cottages in Pass …
Tracking the residential mortgage applications through a composite index and covering some 75 percent of all residential applications, the Mortgage Bankers Association (MBA) says new mortgage apps fell five percent for the week ending Oct. 26 on the heels of falling 12 percent and four percent the two previous weeks, …
In the wake of Hurricane Sandy, the Federal Emergency Management Fund (FEMA) has enough funding for disaster relief, but it may come up short for the federal flood insurance program, MHProNews has learned from CNNMoney. The National Flood Insurance Program (NFIP) paid out $1.8 billion following Hurricane Irene last year, …
The stock exchange was running on gas-powered generators after a two day trading halt due to the wrath of Hurricane Sandy. However, not only is there a lull due to the coming presidential election, but many investors do not have power and transportation is limited in the Wall St. area, …
Nobility, Housing Composite, UFPI Gain as Many Stocks move Little Read More
RealtorMag informs MHProNews the Consumer Financial Protection Bureau (CFPB), in an attempt to better learn the challenges of credit bureau reporting, will work with consumers to resolve credit reporting issues. Assistance may include dealing with incorrect information, improper use of a credit report, inability to obtain a credit score, or …
Standard & Poor’s Case/Shiller Index reports in HousingWire U.S. home prices nudged up 0.9 percent in August over July in 19 of the 20 metro areas surveyed. Overall, the ten-city composite index saw an annual price increase of 1.3 percent, while the 20-city composite climbed two percent over last year. …
FinanzNachrichten reports Drew Industries, Inc. (NYSE:DW) has rescheduled its third quarter, 2012 earnings report due to the severity of Hurricane Sandy’s effect on the eastern seaboard. The component maker for the MH and RV industries through its wholly-owned subsidiaries Lippert Components, Inc., and Kinro, Inc., will deliver Q3 financials before …
