Manufactured and Modular Housing News

Dow Lands on Positive Ground; Housing Stocks Improve also Read More

Dow Lands on Positive Ground; Housing Stocks Improve also

By Matthew Silver / October 26, 2011 October 26, 2011 / Business, Economy, Manufactured and Modular Housing News, Stocks

CNNMoney reports the Dow Jones Industrial Average, after dipping and diving during the day, finally gained 162.42 points to close at 11,869.04, a gain of 1.39 percent, as investors sensed a bailout deal was near in the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value was up 2.89 …

Warren Supports Occupy Wall Street Read More

Warren Supports Occupy Wall Street

By Matthew Silver / October 26, 2011 October 26, 2011 / Business, Economy, Legal, Manufactured and Modular Housing News, People, regulation

Redstate updates a report MHProNews previously covered on Elizabeth Warren, President Obama’s force behind the Consumer Financial Protection Bureau (CFPB) and current candidate for the U.S. Senate from Massachusetts. Commenting in an article in The Daily Beast about the Occupy Wall Street movement that has spread across the country and …

Oct 26 2011October 26, 2011

Growth in New Single-Family Home Sales

By Matthew Silver / October 26, 2011 October 26, 2011 / Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

MHProNews has learned that the U.S. Commerce Department reports newly-built, single-family home sales rose 5.7 percent in September, recording their best growth in five months, to a seasonally-adjusted rate of 313,000 units. “The improved rate of new-home sales in September is on par with NAHB’s forecast for the overall number …

Growth in New Single-Family Home Sales Read More

MH Shipments Increase for August Read More

MH Shipments Increase for August

By Matthew Silver / October 26, 2011 October 26, 2011 / Business, Economy, Manufactured and Modular Housing News, Manufactured Homes

Bloomberg reports the U.S. Census Bureau says manufactured housing shipments rose to a seasonally-adjusted rate of 49,000 in August, up two thousand units from July 2011. Placements rose from 43,000 to 44,000 for the same period, and dealer inventory held steady at a seasonally-adjusted rate of 21,000. The average sale …

Incentives to Replace pre-HUD Code Homes, Rehab Newer Ones Read More

Incentives to Replace pre-HUD Code Homes, Rehab Newer Ones

By Matthew Silver / October 26, 2011 October 26, 2011 / Communities, Factory-Built Homes, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home

MankatoFreePress reports a unique program to rid St. Peter, Minnesota, of pre-HUD Code manufactured homes will be expanded to include properties in two additional land lease communities (LLCs) in town–Summit and Mar Wey. The program began last winter in the Green Valley community, where four homes have been razed and …

Oct 25 2011

Dow Descends Again, Pulling Housing Down

By Matthew Silver / October 25, 2011 October 25, 2011 / Finance, Manufactured and Modular Housing News, Stocks

CNNMoney reports the Dow Jones Industrial Average fell 207 points during the day to close at 11,706.62, a loss of -1.74 percent, as jittery investors responded to falling financial stocks and concern over the proposed meeting tomorrow of European heads of state trying to iron out the region’s debt problems. …

Dow Descends Again, Pulling Housing Down Read More

Oct 25 2011October 26, 2011

NAHB renames 2012 Systems-building award to honor Jerry Rouleau, winners announced

By MHProNews / October 25, 2011 October 26, 2011 / Manufactured and Modular Housing News

MHProNews has learned that the National Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) bestowed 23 achievement awards to leading manufacturers and builders in the systems-built industry with the 2012 Jerry Rouleau Awards for Excellence in Marketing and Home Design. The BSC awards were renamed to …

NAHB renames 2012 Systems-building award to honor Jerry Rouleau, winners announced Read More

Sun Communities announces third quarter 2011 results Read More

Sun Communities announces third quarter 2011 results

By MHProNews / October 25, 2011 October 25, 2011 / Manufactured and Modular Housing News

MHProNews has learned the third quarter 2011 results for Sun Communities, Inc. Sun (SUI) is a real estate investment trust (REIT) that owns and operates manufactured housing and recreational vehicle communities. Sun’s highlights include Adjusted Funds from Operations (“AFFO”)(1) excluding certain items described in this release was $0.75 per diluted …

PA Retailer expanding, with another planned expansion to follow Read More

PA Retailer expanding, with another planned expansion to follow

By MHProNews / October 25, 2011 October 25, 2011 / Manufactured and Modular Housing News

CitizensVoice reports that Dave Valenti, owner of Wyoming Homes, says sales are up in Plains Township, so he is expanding and adding 10 new employees, including truck drivers, sales people and laborers. Valenti also plans to open another sales location and a warehouse center on outside Pottsville in early 2012 …

Manufactured Home Community sales heat up in Southwest Florida Read More

Manufactured Home Community sales heat up in Southwest Florida

By MHProNews / October 25, 2011 October 25, 2011 / Manufactured and Modular Housing News

HeraldTribune reports that the the market for acquiring manufactured home communities in Florida has heated up. While the economic downturn has driven conventional housing prices down, making them more affordable, incomes are also down. This makes manufactured home communities more appealing. Recently, Equity LifeStyle Properties (ELS) bought the nearly 300 …

Fitch says most manufactured housing residential mortgage backed securities reviewed stable Read More

Fitch says most manufactured housing residential mortgage backed securities reviewed stable

By MHProNews / October 25, 2011 October 25, 2011 / Manufactured and Modular Housing News

Mortgageorb reports that Fitch Ratings revised loss expectations on 143 U.S. manufactured home residential mortgage-backed securities (RMBS) transactions. Fitch says collateral performance has generally remained stable over the last year. Performance stability is attributed to consistent servicing practices and the seasoning of the assets. Some 95% of the transactions reviewed …

Applying for a Mortgage? Be Patient Read More

Applying for a Mortgage? Be Patient

By Matthew Silver / October 24, 2011 October 24, 2011 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News

HousingWire reports Campbell/Inside Mortgage Finance says over the last month, the time required to approve a mortgage grew from 30 days to between 45 and 60 days. The company’s Housing Pulse survey states lenders are having to spend more time dealing with mortgage refinancing. Appraisal issues with property damage on …

Dow Responds Well to Positive Domestic Business News Read More

Dow Responds Well to Positive Domestic Business News

By Matthew Silver / October 24, 2011 October 24, 2011 / Business, Manufactured and Modular Housing News, Stocks

CNNMoney reports the Dow Jones Industrial Average rose 105.20 points during the day to close at 11,913.99, a gain of 0.89 percent, as investors welcomed some good business news at week’s beginning. The Yahoo! Finance Manufactured Housing Composite Value gained 3.63 percent to close at 760.01. Most housing stocks gained …

MHARR: Sprinkler System Fires Up Again! Read More

MHARR: Sprinkler System Fires Up Again!

By Matthew Silver / October 24, 2011 October 24, 2011 / Advocacy, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee (MHCC) voted to conditionally accept an MHI (Manufactured Housing Institute) proposed federal sprinkler standard for manufactured homes. The vote came one day after the National Fire Protection Association (NFPA) admitted that manufactured homes have fewer fires …

Horse Lovers Unite! Equestrian Community to have Modular Housing Read More

Horse Lovers Unite! Equestrian Community to have Modular Housing

By Matthew Silver / October 24, 2011 October 24, 2011 / Business, Communities, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

BlueRidgeNow reports from Etowah, Tennessee, Ceil Salvadori is developing 27 acres into five lots for horse lovers who will have a barn, pasture land, and a modular house, or “ranchette”, for a residence. Four of the five lots have frontage on the French Broad River in southeastern TN. The houses …