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.
Stocks spent most of the day in the red, but the Dow managed to log a small gain by the closing bell. Manufactured Housing stocks, however saw no such turn-a-round and lost much of what they gained Wednesday. The Yahoo Finance Manufactured Housing Composite Value closed down 2.4 percent. Stocks […]
Stocks Up 20 Points, Composite Index Drops Read More
OriginationNews tells MHProNews.com Peter Carroll, the acting assistant director for the Consumer Financial Protection Bureau (CFPB) in charge of the Office of Mortgage Markets, is examining the Federal Reserve’s loan officer (LO) compensation rule. Jurisdiction for the rule was moved to the CFPB in July 2011 from the Fed’s control
CFPB Examining Loan Officer Compensation Rule Read More
As follow-up to a story we published Feb. 24, 2012, homeowners in the 17 MHCs in Oceanside, California who have homesites under rent control might see their rents rise by 2.25 percent as of July 1, the NCTimes tells MHProNews.com. According to the rent control ordinance of 1984, community owners
MHC Residents May See Rents Rise Read More
Stocks closed lower Wednesday following a decline in energy prices, but the Yahoo Finance Manufactured Housing Composite Index ended the day nearly three percent higher. Individual stocks that logged gains include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire
Stocks Decline, Manufactured Housing Index Rises Read More
7ThSpaceInteractive reports from eastern North Carolina 76 of the 194 families who received Federal Emergency Management Agency (FEMA) manufactured homes following Hurricane Irene in Aug. 2011 have been able to move into permanent homes. At first, the FEMA homes were not allowed to be sited in low-lying hazard areas given
FEMA Still Housing Hurricane Irene Victims Read More
Devereaux Homes and Developments in Regina, Saskatchewan, Canada is busy assembling multi-unit modular apartments at Sky Harbour Estates. CEO Denis Jones says while single-family and two story modular building has been around a long time, it’s only recently the technology has been applied to multi-unit developments. Upon completion, Sky Harbour
Multi-story Modular Apartments Rising in Canada Read More
The California Association of Realtors (CAR) says pending home sales increased for the second straight month in Feb. Equity sales comprised 51.1 percent of home sales in Feb., a slight increase from 49.9 percent the prior month, and 44.8 percent a year ago. According to NationalMortgageNews distressed property sales statewide
California Housing Numbers Improve Incrementally Read More
ParkingNetwork tells MHProNews.com private equity real estate investment firm Green Courte Partners announces the appointment of Marnie Helfand as managing director. Having joined Green Courte in 2008 as a senior associate, she was promoted to Vice President, Capital Markets in 2009, and in her new post she will lead the
Green Courte Announces Promotions Read More
OriginationNews tells MHProNews.com FHA-backed single-family mortgages fell almost ten percent in Feb. from the previous month as lenders originated $16.5 billion in loans. According to HUD, lenders originated $8.4 billion of FHA loans and $6.8 billion of refinanced loans. Purchases fell 18 percent from January. Funding of reverse mortgages totaled
Single-family Loans Fall in Feb. Read More
SeekingAlpha reports the manufactured housing industry sub-sector is the smallest sector in the FTSE NAREIT Index. MHProNews.com says the Index has different methods to rate the performance of commercial real estate investment and property sectors. It notes as of the end of Feb. 2012, there were 126 equity REITs (real
REIT Investment Offers Good Return Read More
As home prices fell for the fifth consecutive month, hitting their lowest point since Q4 2002, investors shied away from urging the market higher. CNNMoney tells MHProNews.com all three markets lost ground today, as the Dow Jones Industrial Average dropped -43.90 points, -0.33 percent, to close at 13,197.73. The Nasdaq
Investors Cautious, Housing Stocks Mixed, Patrick Gains Read More
At a League of Women Voters (LWV) forum on affordable housing in Midland, Texas, it was noted the housing shortage is evidenced in the availability of only 150 homes for sale in this west-central city of over 100,000. A one bedroom apartment now costs $900/month, and the increase each time
In a press release, MarketWatch says NADAguides Manufactured Housing CONNECT provides instant valuation of homes from 1963-2012, in a web-based application, with adjustments for geographic location, community and loan valuation guidelines, condition, accessories, and repairs needed. The guide helps lenders, retailers and community owners evaluate MH. The release says NADAguides
Guidelines Provide Value of MH Read More
AL reports over 80 percent of the residents of Madison County, in northern Alabama, live in large apartment complexes, often with extensive amenities for the government contract workers in Huntsville. As a result, according to the U.S. Census, only 5.5 percent of the county live in manufactured housing, which distinguishes
MH Stats in N. Alabama Read More
WickedLocal tells MHProNews.com Massachusetts State Sen. Marc R. Pacheco has scheduled a forum March 30 in Middleborough in the southeastern part of the state to review manufactured housing laws. In coordination with the attorney general’s office and the Department of Housing and Community Development, this forum will be for Plymouth
Forum to Review MH Guidelines for Residents Read More
From the headquarters in Concord, New Hampshire of ROC (resident-owned communities) USA, LLC President Paul Bradley informs MHProNews.com Michael Bullard has joined the ROC team as Communications and Marketing Manager effective April 9, 2012. For nearly ten years Bullard has been Executive Editor of the Cecil Whig newspaper in Cecil
ROC USA Selects New Manager Read More
StLToday says the Joplin Globe reports some homeowners in tornado-ravaged Joplin, Missouri are up in arms because modular homes are being sited next to more expensive houses. In one case a Habitat for Humanity low-income home was built across from a $280,000 house, and a modular home of lesser value
Joplin Rebuilds but with Some Aggravation Read More
In the biggest gain since Jan. 3 when the Dow rose 180 points, CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 160.90 points, + 1.23 percent, to close at 13,241.63, as Fed Chairman Ben Bernanke indicated to a group of economists the interest rate will remain low for
Dow Posts 2nd Biggest Gain of Year; UMH and Patrick Rise as Well Read More
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
