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.
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, […]
Deer Valley, AMG, Cavco Join Market Rally Read More
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
ELS Sustains Minor Sandy Damage Read More
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
Modular Duplexes Rise in Mass. Read More
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,
Modular Classrooms Still Useful Read More
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
Modular Housing May Fill Need Read More
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,
Mortgage Apps Fall, FRM Nudges Up Read More
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,
FEMA: Flood Insurance may be Lacking Read More
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
CFPB to Work Directly with Consumers Read More
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.
Composite Metro House Values Edge Up Read More
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
Drew Resets Earnings Report Read More
Following up on a post we published Oct. 26, 2012 regarding legislation Pennsylvania Gov. Tom Corbett signed to protect residents of MHCs that close, LehighValleyLive informs MHProNews the drive for this measure began in 2006 when 50 families of the Barbosa Mobile Home Park in Northampton County were given 30
Measure Outlines MHC Closure Rules Read More
According to data from the Warren Group, NationalMortgageNews reports the sale of single-family homes increased eight percent in Sept. over Sept 2011 in Massachusetts, equaling 3,791 homes last month. Although median prices slipped to $277,000 for the state, 13,861 properties were sold during the third quarter, 2,000 more than the
Home Sales Rise in Mass. Read More
Tens of thousands of factory built housing industry professionals are tracking the elections closely. Movie makers are in the fray in the campaign’s closing days. Filmmaker Oliver Stone supported Barack Obama for president in 2008, but in his new book due out Oct. 30, slams Obama for breaking campaign promises
Book: NoBama; Film: GoBama, with Protest Read More
The New York Stock Exchange remained closed for a second straight day due to the flood waters of Hurricane Sandy, but will open Wed., Oct 31. Manufactured housing professionals in the storm path may want to consider the tips shared previously by MH loss mitigation expert, Kurt Kelly, at this
Sandy Closes NYSE Again Read More
BillingsGazette tells MHProNews Bainville, Mont. in the northeastern part of the state has a population of 300 and town budget of $250,000. ProCore Logistics LLC of Calgary, Alberta, Canada is investing $30 million locally in support of the Bakken oil boom (centered 28 miles away in Williston, North Dakota) for
Oil Boom Hits Bainville Read More
From Elkhart, Ind. SacBee reports MH and RV component maker Patrick Industries, Inc. has acquired the business and certain assets of cabinet door maker Middlebury Hardwood Products, also of Ind., for $20.3 million. As one of seven acquisitions since June, 2011 and the fourth this year, Middlebury is expecting net
With the soil long inundated with septic systems, residents of Greensprings Mobile Home Park in James City County, near Williamsport, Virginia implored the Board of Supervisors to extend public sewer lines to the community, according to Virginia Gazette. Owner Franklin Management Co. has been pumping and hauling sewage for years,
MHC to Receive Public Sewer Lines Read More
In recent commercials on TV, Henry Winkler is promoting reverse mortgages, telling people they can continue to live in their homes without worry. Reverse mortgages permit homeowners 62 and older to borrow against the equity in their homes, and not repay the loan until they move or die. Homeowners still
Would the Fonz Have Approved? Read More
In reporting on the Manufactured Housing Consensus Committee (MHCC) meeting Oct. 23-25, 2012, the Manufactured Housing Association for Regulatory Reform (MHARR) says the federal manufactured housing program as administered by the Department of Housing and Urban Development (HUD) and the authority of the MHCC have deteriorated to a new low.
MHARR: HUD Continues to Downgrade MH Program Read More
