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 all three indexes edged a little higher as positive corporate returns trumped weaknesses in the overall economy. The Dow Jones Industrial Average finally settled at 12,924.43 after dipping and peaking throughout the day, gaining +34.66 points, +0.27%. The Nasdaq rose +0.79% to 2,965.90, while the S&P gained 0.27% …
HousingWire reports the seasonally annual adjusted rate (SAAR) of existing home sales dropped from 4.62 million in May to 4.37 million in June, a decline of 5.4 percent, although sales in June topped the 4.18 units sold in June 2011. The lower inventory of available homes and increased demand managed …
MHProNews has learned from the Alabaster Reporter in Alabaster, Alabama, just south of Birmingham, AL State Sen. Cam Ward wants to pass legislation establishing uniform regulations dealing with the manufactured housing industry. Presiding over the Uniform Law Conference, Ward says manufactured housing is produced in one state and often transported …
State Senator: Establish Interstate Regulations for MH Industry Read More
The LansingStateJournal reports Moon Lake Estates MHC between Bath and Perry Michigan needs major water and sewer improvements following a power failure and two water main breaks that has led to a notice from the Michigan Department of Environmental Quality (DEQ) for residents to boil water. The community’s license was …
MarketWatch says commercial real estate firm Walker and Dunlop, Inc. provided $67,680,000 in Fannie Mae financing to Hometown America, LLC for five manufactured housing communities comprised of over 1,800 home sites located in Illinois, Massachusetts, Florida and New Jersey. The age-restricted communities cover over 500 acres. Walker and Dunlop specializes …
MarketWatch says commercial real estate firm Walker and Dunlop, Inc. provided $67,680,000 in Fannie Mae financing to Hometown America, LLC for five manufactured housing communities comprised of over 1,800 home sites located in Illinois, Massachusetts, Florida and New Jersey. The age-restricted communities cover over 500 acres. Walker and Dunlop specializes …
HousingWire reports mortgage applications increased 16.9 percent for the week ending July 13 over the previous week, and the Mortgage Bankers Association (MBA) says 80.1 percent of that figure was refinance applications, up from 77 percent the previous week. MBA’s Mike Fratantoni says, “Applications for HARP refinance loans accounted for …
KamloopsNews reports Leonard Estates Trailer Park residents in Kamloops, British Columbia, Canada have evacuated their homes due to a raw sewage leak seeping from the ground along a row of a dozen modular homes in the community. Located on aTk’emlup First Nation Indian reserve, Health Canada (HC) found several spots …
MHProNews has leaned from NationalMortgageNews the default rate for both first and second mortgages declined May to June, 2012, with first mortgages defaulting at a May 2007 level, and second mortgages at an eight year low. The composite drop was from 1.5% in May to 1.41% in June, according to …
Investors were encouraged by better-than-expected corporate returns and the rise in technology stocks as all three indexes advanced, according to CNNMoney. The Dow Jones Industrial Average moved up +103.16 points, +0.81%, to close at 12,908.70. The Nasdaq rose +1.12% to 2,942.60, while the S&P gained +0.67% to 1,372.78. The Yahoo! …
MHProNews has learned from the IndyStar permits for new home construction in the nine county Indianapolis metropolitan area for the first six months of 2012 increased eight percent over the same period 2011, but fell one percent from June 2011, 428 issued down from 434. Compared to June of last …
Indianapolis, National Housing Permits Drop May to June Read More
MHProNews has learned single-family housing starts have increased each month since Feb., rising to a seasonally adjusted annual rate of 539,000 in June, a 4.37 percent increase from a 515,000 rate in May. OriginationNews also says the Census Bureau reports multifamily construction rose from a 182,000 seasonally adjusted annual rate …
From its manufacturing plant in Durant, Oklahoma, Icon Construction has completed the delivery of five modular classroom buildings and the relocation of five previously sited modular classrooms in Anadarko, OK at Riverside Indian School southwest of Oklahoma City. From timesunion, MHProNews has learned Riverside is the nation’s oldest federally operated …
Realty Biz News reports the impact of the aging of the U.S. population is the number one issue facing the real estate market. MHProNews has learned an estimated 7,000-10,000 boomers reach 65 years of age daily. As people age they spend less on housing and more on health care, and …
Senior Housing to Hugely Impact Real Estate Market Read More
MHProNews has learned from HousingWire the American homeownership rate fell from 69.2 percent in 2004 to 65.4 percent in the first quarter of this year, and Paul Diggle, a property economist with Capital Economics estimates that rate will decline to 64 percent by 2015, not seen since 1995. Diggle continues: …
If Homeownership Continues Falling, Investors will Own More Housing Read More
MHProNews has learned that of a new state regulation requiring approved carbon monoxide detectors to be installed in all new and existing manufactured homes and multi-family manufactured homes effective July 1, 2012, whether occupied or sitting in inventory on a dealer’s lot. According to the law firm of Hart, King …
After hearing that Fed Chairman Ben Bernanake told a Senate panel today risks to the economic recovery still exist, but did not rule out another stimulus action, the Dow Jones Industrial Average rallied from a dip down to 12,650 and closed at 12,805.54, gaining +78.33 points, +0.62 percent. CNNMoney says …
In an apparent about-face from its statement a year ago that the manufactured housing industry is near death, IBISWorld now says, according to timesunion, while sales of MH are relatively weak compared to 1998, “improved income levels are expected to generate higher sales of manufactured homes in the five years …
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) states builder confidence for newly built, single-family homes rose six points in July, the biggest monthly jump in nearly ten years, and at 35 points, the highest number since 2007. The survey gauges builders’ perceptions based on prospective buyers, …
RealtorMag reports a survey by Prudential Real Estate Outlook Survey of home buyers and sellers reveals in addition to the 70 percent who believe real estate makes a good investment, many if not most have a stronger emotional tie to owning a home. Phrases like “control over living space,” a …
