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.
Although it requires twice the manpower, takes three times longer, and nearly doubles the cost to deconstruct a home than demolish it, a Cleveland company, A Piece of Cleveland, and the Cleveland Institute of Art are conducting a test program to make furniture, mill work, and other items from the […]
Making Dollars from Distress Read More
BloombergBusinessNewsweek tells MHProNews.com manufactured housing shipments rose in Jan. to a seasonally-adjusted annual rate (SAAR) of 60,000, up from 59,000 in Dec. 2011. The number of placements remained the same at 48,000, and dealer inventory was unchanged at 22,000, all SAARs. The average median sales price fell from $62,600 to
MH Shipments Rise Again Read More
In an rent vs. buy index of the 100 largest metropolitan areas in the nation, Trulia has determined it is a wiser decision to buy in 98 of them. The top ten cities where buying a home is a better deal: Detroit, Oklahoma City, Dayton Ohio, Warren-Troy-Farmington Hills Michigan, Toledo
Attention Shoppers: The Time to Buy is Nigh Read More
Building Code Commissioner for Iowa’s Department of Public Safety, William “Stuart” Crine passed away March 20 at age 51. He previously was a Tennessee State Fire Marshall. Joe Kelly, of the Manufactured Housing Association of Iowa, said Stuart was the only full time building code commissioner for many years. “Stuart
Passages: Stuart Crine Read More
Stocks ended the week higher and the Yahoo Finance Manufactured Housing Composite Index gained nearly three percent. The gain was recorded in energy stocks which offset a report showing purchases of new homes unexpectedly fell. Stocks related to the manufactured housing industry that ended the week on the upside include
Stocks End Week on a High Note Read More
OriginationNews states according to the Mortgage Bankers Association (MBA), mortgage applications for the week ending March 16 fell 7.4 percent. The refinance share fell to 73.4 percent, the lowest reading since July, 2011, both attributable to the rise in the interest rate. Says MBA chief economist Jay Brinkmann, “With rate/term
Mortgage Apps Fall as Interest Rises Read More
According to HousingWire, Freddie Mac says the 30-year, fixed rate mortgage (FRM) rose from 3.92 percent last week to 4.08 percent this week, the first time it has averaged above four percent since last October. One year ago it was 4.81 percent. The 15-year FRM edged up from 3.16 percent
30-year FRM Rises Above Four Percent Read More
Despite unemployment claims hitting a four-year low, investors were more concerned about economic growth hitting a soft spot in China and Germany, causing alarm among investors. CNNMoney tells MHProNews.com all three markets lost ground today, as the Dow Jones Industrial Average dropped 78.48 points, -0.60 percent, to close at 13,046.14.
Tracked Housing Stocks All Hit the Skids Read More
NationalMortgageNews tells MHProNews.com Bank of America/Merrill Lynch Global Research analysts say home prices fell 3.2 percent in the second half of last year, but adds prices will bottom out this spring. Last Nov. B of A said housing prices would fall another 4-5 percent this year, but now says but
B of A: Housing Recovery Happening, as it Heads for the Back Door Read More
In a short video, Baristanet informs MHProNews, Fredco Modular Homes of Passaic, New Jersey details the erection of an Excel four bedroom, two bath, two-story modular home in one day. Since 1979 the Fredco Group has been involved in site development, golf course/sports field construction, and landscaping/hardscaping, including the construction
Two-story Modular Sited in One Day Read More
In an article by Reuters in the NYTimes, MHProNews.com has learned home building permits rose 5.1 percent in February, giving rise to economists predictions that home building could contribute to economic growth for the first time since 2005. The adjusted annual rate (AAR) of 717,000 units last month, the highest
Housing Industry Continues to Remove Bandages of Bruising Market Read More
A legal debate is brewing in a Mississippi court regarding the distinction between a modular home and a manufactured home as it pertains to a restrictive covenant in a subdivision. In a case going back to 2006, developers Hudson Holliday and Darrin Harris filed a complaint to have home owners
Manufactured vs Modular Housing in Mississippi Read More
Stocks closed modestly lower Wednesday and the Yahoo Finance Manufactured Housing Composite Index remained unchanged. Those closing higher included Affiliated Managers Group, up .60 cents (.54 percent) to $112.19; Equity Lifestyle Properties, up .09 cents (.13 percent) to $69.14; Patrick Industries, up .41 cents (3.98 percent, making it the day’s
Stocks End Hump Day Lower Read More
According to The Wall Street Journal, the manufactured housing industry may be poised for a rebound. Noting the 42.1 percent increase in MH sales Jan. 2012 over Jan. 2011, and the corresponding six percent decrease of new single-family stick built homes in 2011, the article says home buyers may be
MH on the Comeback Trail? Read More
WoodworkingNetwork informs MHProNews.com Universal Forest Products, Inc. (UFPI) has instituted a software system to document usage of 300 production tools. The new system, called Intooligence, and developed by an Elkhart, IN company of the same name, maintains a database of serial numbers of cutterheads, links to knife sets, keeps track
Software Designed to Track Life of Tools Read More
The AtikokanProgress reports to MHProNews.com from just north of Duluth, Minnesota, in Canada, the Ontario Municipal Board (OMB) dismissed a homeowner’s appeal of a bylaw that would have restricted placement of modular homes. The town had approved the amendment requested by owners of a former MHC who want to build
Modular Development Can Now Proceed Read More
News that building permit requests had risen in the U.S. was not sufficient to counter investors’ fears that China might be entering a manufacturing slowdown, sending the Dow Jones Industrial Average down 68.94 points, -0.52 percent, to 13,170.19, according to CNNMoney. Nasdaq lost -0.14 percent to end at 3074.15, and
Deer Valley Slides, Skyline Falls, Despite Rise in Building Permits Read More
As follow-up to a story we published Feb. 10, 2012, Joe Kelly, executive vice-president of the Manufactured Housing Association of Iowa (MHAI), tells MHProNews.com Iowa’s legislative bill HF 2013 will establish a fund for consumers to borrow money to purchase a manufactured home through the Iowa Finance Authority. The bill
Iowa’s Proposed MH Fund Stymied by Amendment Read More
The National Association of Home Builders tells MHProNews.com the Board of Trustees for its Building Systems Councils (BSC) has chosen Kevin Flaherty as its vice chairman. A 28-year veteran of the building systems industry, Flaherty is vice president of marketing for Genesis Homes and Champion Home Builders in Troy, Michigan.
Kevin Flaherty of Champion Homes Picked for Trustee Position Read More
As a follow-up to a story we published Feb. 28, 2011, TheNowNewspaper in Surrey, British Columbia, Canada tells MHProNews.com modular units used for housing athletes at the 2010 Winter Olympics in Whistler, just north of Vancouver, have been converted into 52 rental apartments for seniors and people with disabilities. Timber
Olympic Village Modular Units Recycled Read More
