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.
NationalMortgageNews says there were 2.4 million homes for sale at the end of the first quarter, 20 percent fewer than a year ago, which has helped stabilize prices for now. However, the 2.2 million homes in the process of foreclosure, and another 1.7 million homes where the owners are three …
OriginationNews says the Census Bureau reports new home sales rose 3.3 percent in April following a 7.3 percent drop in March. MHProNews.com has learned sales of new single-family homes rose to a seasonally-adjusted annual rate (SAAR) of 343,000 in April from a 332,000 mark in March, besting Wall Street analysts …
CNNMoney reports the Dow Jones Industrial Average, after brushing with 12,325.00 during the day, climbed back in the last half hour to close at 12,496.15, losing a mere 6.66 points, -0.05%. The weakness in tech stocks and fears of Greece leaving the Eurozone fueled investors’ fears. The Nasdaq gained +0.39 …
Housing Stocks Close Mixed, but Skyline Justifies its Name Read More
In 1970, 30 years after Sears ceased offering prefabricated housing, Shelter-Kit of Tilton, New Hampshire began offering small homes and cabins that could be assembled by aspiring homeowners with no construction experience. MarketWatch tells MHProNews.com customers can choose from a wide variety of options in designing their home, including drawings …
Forbes reports on the heels of Universal Forest Products, Inc. (UFPI) strong first quarter 2012 results, whereby Q1 2011 showed a loss of -0.19 per share to first quarter 2012 return of +0.21 per share, and the recent acquisition of MSR Forest Products LLC, Zacks issued a #1 Rank (Strong …
BellehavenPatch tells MHProNews.com Fairfax County, Virginia is considering developing the North Hill site in Hybla Valley into an MHC for 67 homes and a greenspace. Meanwhile, AHP Virginia LLC has a counter proposal that would involve building apartments on the site, housing 204 families, nine percent of which would be …
DelcoNewsNetwork tells MHProNews.com Tinicum Township officials, as part of a $23 million efficiency upgrade at Philadelphia International Airport, approved a land waiver request to build a 791 square foot modular building near the UPS facility on Hog Island Road. The building would house UPS workers moving from a facility at …
The National Association of Realtors (NAR) says reports from across the country show existing home sales edged up 3.4 percent April over March, 2012 for every region of the country. While the increase is a positive sign, the seasonally-adjusted annual rate (SAAR) of 4.62 million home sales, just below January’s …
CNNMoney reports the Dow Jones Industrial Average hit 12,575.00 during the day but settled down to 12,502.81, -0.01%, -1.67 points as the day’s trading ended. The rise of sales of existing homes boosted the market, but a downgrade of Japan and a weak global market tempered that news. The Nasdaq …
The 13 county Indianapolis metropolitan area marked an 18 percent rise in existing home sales in April from one year ago. As the IndyStar tells MHProNews.com, the Metropolitan Indianapolis Board of Realtors (MIBOR) says 2,215 homes were sold in April, an increase over the 1,877 sold in April 2011. The …
The Chronicle tells us another modular player has entered the housing game in the oil boom of North Dakota. Colorado-based Confluence has already set the first of ten units of apartments called Confluence at Harvest Hills, as the initial 12 modules were sited May 15. Occupancy of the first unit …
VTDigger says Tropical Storm Irene flooded portions of the Vermont State Hospital in Waterbury, Vermont, and since then some of the patients are being held in state prisons. Now the state is looking into a modular high-security unit in Waterbury to house mental patients being held under court order. Noting …
Writing in OriginationNews, Paul Muolo says changes made to the Home Affordable Refinance Program (HARP) have sparked an increase in mortgages beyond what the industry anticipated. Fannie Mae and Freddie Mac’s overhauling their automated underwriting (AU) systems has also added to competition. Noting this may be the most successful mortgage …
TheOlympian in Olympia, Washington informs us that the Manufactured Housing Institute (MHI) has chosen Clayton Homes in Lacey, WA, just south of Seattle, as the West Retail Sales Center of the Year. The award is based on industry and community involvement, marketing materials, management philosophy, and retail center aesthetics. MHProNews.com …
The deadly tornado that killed 161 people as it ripped through Joplin, Missouri May 22, 2011 all but demolished St. Johns Regional Medical Center, breaking every window in the nine-story building and pushing it several inches off its foundation. While over 300 people continue to live in Federal Emergency Management …
Modular Hospital Replaces Tornado Damaged Facility Read More
CNNMoney reports following the year’s worst week, the Dow Jones Industrial Average bounced back, unfazed by the ten percent drop in Facebook’s stock, although encouraged by news from Europe, as the Dow gained +135.1 points, +1.09 percent, to close at 12,504.48. The Nasdaq moved up +2.46 percent to 2,847.21, while …
GoUpstate tells us the Spartanburg City Council in South Carolina is considering raising the fees on MHC owners to offset the cost of inspections so taxpayers are not subsidizing the expense of the inspectors. Other changes in the ordinance amending the original land management measure deal with lighting and setback …
WenatcheeWorld in Wenatchee, Washington says home sales according to Pacific Appraisal Associates spiked 44 percent in April over the same month last year, hitting $44 million compared to last April’s $35.1 million. In the greater Wenatchee area the number of homes sold year-to-date rose 25% over 2011. Sales of manufacture …
PalmBeachPost reports from Jupiter, Florida a plan to build 348 rental units will force some 100 residents of Whitehaven Seniors Adult Park MHC to relocate. Jupiter-based FLF 1030 LLC says the company must close the sale of the property and then receive site use and zoning approval from the city …
Following up on a story we covered Jan. 19, 2012, HutchNews reports from Lawrence, Kansas the rental housing planned for University of Kansas students to replace the 241 site Gaslight Mobile Home Village is still being negotiated, as homeowners have begun moving out. Mid-America Manufactured Housing Communities will pay residents’ …
