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.
IndyStar states Drew Industries’ subsidiaries, Lippert Components, Inc. and Kinro Manufacturing, Inc., will add 260 new jobs by 2015 as the result of a $3.65 million expansion. Lippert and Kinro already employ 4,000 full-time employees at their respective plants in northern Indiana, and will begin hiring the new workers this …
OriginationNews says in the first quarter 2012 seven Florida housing markets were on Realtor.com‘s housing recovery list, but only one market in California was included. In the second quarter, six CA markets placed on the top ten list. In addition, Seattle, Phoenix, Boise City and Minneapolis were among the top …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee (MHCC) Administering Organization (AO), the National Fire Protection Association (NFPA), has asked MHCC members to state their preference for a meeting date between Oct. 23 and 25, 2012, the first full meeting since Oct. 2011. MHCC’s …
CNNMoney reports there was not much movement in U.S. stocks as investors stepped back for a breather with the three major indexes at the highest levels since May. The Dow Jones Industrial Average gained a mere +7.04 points, +0.05 percent, to close at 13,175.64. The Nasdaq lost -4.61 points to …
Nobility Falls, Skyline Rises, Indexes Move Slightly Read More
RVBusiness reports an audience of more than 300 celebrated the induction Monday, Aug. 6, of the 40th anniversary class into the RV/MH Hall of Fame in Elkhart, Ind. Four people from the RV manufacturing, distribution and promotion sector, two from the RV park and campground sector and four from the …
NJ.com says the city of Bridgeton, New Jersey will be the site of the state’s first and only green modular home manufacturing plant. Located in the southwestern part of the state and known for its industrial base, Renewable Jersey, LLC will utilize three of the four warehouses, originally used by …
The StatesmanJournal reports from Aumsville, Oregon city officials are trying to comply with a state ordinance that permits recreational vehicles long-term stays in manufactured housing communities. Current city code prohibits long-term stays because chemicals in RV holding tanks kill bacteria that processes raw sewage in the city sewer system. State …
Thirty-three percent of mortgages refinanced through Fannie Mae and Freddie Mac were closed through the Home Affordable Refinance Program (HARP), the most since the program began in March 2009. For the first six months of this year, Fannie Mae and Freddie Mac processed 422,969 loans through HARP, more than the …
WISH-TV reports from southern Indiana piles of splintered wood continue to line the roads that wind through Henryville and Marysville and surrounding hills from the E F-4 tornado that swept through this southern Indiana region March 4, 2012, killing 12 people. While the Henryville High School was mostly rebuilt and …
HousingWire reports the Gallup Economic Confidence Index (ECI) dropped for the second month in a row, averaging -26 in July after falling from -22 in June. The nation grew more optimistic in the spring as the ECI rose to -17, but even this month’s score is far better than the …
Investors counting on global central banks to support the market sent the three indexes to their highest mark since early May, according to CNNMoney. The Dow Jones Industrial Average was up +0.39 percent, +50.71 points, to 13,168.22, while the Nasdaq gained +0.87 percent to 3,015.86, while the S&P moved up …
Nobility Rises, Skyline Falls, as the Three Indexes Gain Read More
NationalMortgageNews says CoreLogic CEO Anand Nallathambi tells MHProNews their house price index (HPI) rose 1.3% from May to June, for the fourth consecutive month, and home values have risen 2.5% from the same period last year. When distressed sales are removed from the equation prices are up 3.2% from a …
The WataugaDemocrat says residents of Clawson Mobile Home Park in Boone, North Carolina were notified April 3 they have six months to move because the owners are selling the property to developers who intend to build a multi-building student apartment complex on the 20 acres. The community owners and developer …
TheMcDowellNews reports last month the Marion City Council in Marion, North Carolina adopted new regulations for manufactured homes sited on individual lots within the city, requiring them to have siding and roofing to make them blend in with neighborhood site-built homes. Additionally, no manufactured home is allowed within 300 feet …
BloombergBusinessWeek says Midland and Odessa, Texas sit on top of the Permian Basin, a rich store of petroleum which last year produced 280 million barrels of oil, about 14% of the U.S. output. Compared to the 100 active drilling rigs in 2009 there are 500 this year. As MHProNews has …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports statistics compiled by the U.S. Department of Housing and Urban Development (HUD) for June 2012 indicate HUD Code homes production rose one percent over June 2011 to 5,075 homes, marking eleven consecutive months of increased production. Production of manufactured homes for …
Joe Kelly of the Iowa Manufactured Housing Association tells MHProNews Denver-based YES! Communities and real estate investment firm Stockbridge Capital Group of San Francisco have purchased a portfolio of 42 manufactured housing communities from American Residential Communities (ARC), also of Denver. The 10,500 home sites, located in Iowa, Illinois, Nebraska, …
CNNMoney reports Investors, buoyed by the upbeat jobs report and lower costs of borrowing in Spain and Italy, nudged the Dow Jones Industrial Average up 21.34 points, +0.16 percent, to end the day at 13,117.51. The Nasdaq moved up +0.74 percent to close at 2,989.91, while the S&P gained +0.23 …
The National Association of Home Builders (NAHB) reports a total of 80 housing markets in their First American Improving Markets Index (IMI) monthly survey for August. Identifying areas based on housing permits, employment statistics, and house prices for six consecutive months, the index noted 75 markets that have remained on …
MarketWatch tells MHProNews Clayton Homes second quarter 2012’s pretax earnings increased 45% due to increased sales. In a regulatory filing, Berkshire Hathaway reported homes sales increased $40 million, or 11%, in the second quarter. For the first six months of 2012, home sales jumped 16% to $103 million. The filing …
