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.
HousingWire says mortgage rates rose by only one basis point to 4.87 percent for the average 30-year fixed-rate mortgage (FRM), the third straight week of increases, according to the Freddie Mac Primary Mortgage Market Survey. The average one year ago was 5.21 percent. Rates on 15-year FRMs moved up one […]
Mortgage Rates Rise Slightly, Unemployment Falls Read More
The Contra Costa Times reports the 2008 Sayre Fire that tore through the foothills around Los Angeles destroyed 600 residences at the Oakridge Mobile Home Park. Coming on the heels of the housing crisis, only 20 percent of the residents have returned. As an incentive to bring people back, the
City Helping Rebuild Wildfire Ravaged MH Community Read More
According to HousingWire, the falling of home prices for the seventh straight month represents the downward pull of distressed homes in the market. The statistics from CoreLogic show with that segment in the equation, prices fell in February 6.7 percent over February a year ago. Remove that segment and the
Distressed Homes Lower the Price of Homes Nationwide Read More
According to the Manufactured Housing Association for Regulatory Reform (MHARR), the Housing and Urban Development (HUD) statistics show shipments of manufactured housing continued to fall through the first two months of this year by 15 percent over the same period 2010. Production numbers in their report from 2009 to 2010
MHARR Meets with Congressional Leaders, Express Concerns over Sagging Sales Read More
The technology sector was stronger than the weakness of the industrial and energy sectors to drive the Dow up just over a quarter of a point to close at 12,426.75. Housing stocks moved up, down, and not at all. Cavco gained 1.97 percent, Skyline Corp. moved up 1.91 percent, Nobility
Technology Sector Moves Dow Up, Housing Stocks Inconsistent Read More
According to RV Business, RVPro magazine has responded to the cash-strapped Elkhart, Indiana-based RV/MH Hall of Fame Museum & Library, and will donate 25 percent of its June advertising revenues to the museum. Publisher Dana Nelsen said, “We want to help the museum, plain and simple, because it really is
Magazine Helps to Keep RV/MH Hall of Fame Running Read More
CNNMoney says mortgage rates are low and houses are cheap, but only the well-heeled borrowers qualify, and they typically need 20 percent down. The Federal Reserve says 25 percent of people who apply for financing are turned down, even good borrowers with one of two late payments are being denied.
Loan Restrictions Exclude 25-30 Percent of Buyers Read More
HousingWire reports the American Bankers Association (ABA) told the House Financial Services Committee that the new Consumer Financial Protection Bureau (CFPB) needs the checks and balances of a commission to head the massive agency instead of just the director. Speaking for the ABA, Leslie Anderson, of Bennington Bank in Nebraska,
Bankers Say CFPB Should Be Directed by a Commission Read More
The Creative Coast reports that the Adaptable System for Universal Living (ASUL) was featured on the cover of the April 2011 issue of Builders News Magazine for its modular designs based on the Midcentury Home steel construction methods of Pierre Koenig. He designed the famed Stahl House in California with
Modular Library Based on Modern Steel Buildings of Pierre Koenig Read More
The National Association of Home Builders documented the contribution of building 100 single family homes in a typical metro area for one year. The year impact includes $21.1 million in local income, $2.2 million in taxes, and 324 jobs. Half of the jobs are in construction, the other half extend
Economic Impact of Building 100 New Homes Read More
From Boston/SF comes word that people traveling to work on busy Route 1 in Saugus, Massachusetts, just north of Boston, may have been surprised returning home to see a house on what was a vacant lot that morning. Westchester Modular Homes of Greater Boston (WMHGB) installed a new 2,900 square
Modular Home Store Rises Near Boston Read More
Fear of rising inflation and the subsequent raising of interest rates by the Fed caused stocks to stumble at day’s end. The Dow lost .05 percent to end the day at 12,393.83. Nobility Homes gained 8.19 percent, Cavco was up 1.56 percent and Skyline Corporation moved up 1.30 percent. Deer
Housing Stocks Belie General Fear Read More
The Duluth News Tribune in Minnesota reports the Arrowhead Home and Builder’s Show will feature a manufactured home brought into Pioneer Hall. Contractors will finish off the drywall and painting of the home for the several thousand visitors who are expected to tour the house. Craig Tobias, president of Bullyan
Manufactured Home Draws Thousands at MN Home Show Read More
Gulf Live reports from Ocean Springs, Mississippi that the Cottages at Oak Park, a 29-unit modular housing complex going up near downtown, will feature affordable one, two, and three bedroom homes, some two stories. The energy efficient homes will withstand 145 mile per hour winds, and will have steel roofs
Modular Homes Built to Withstand Hurricanes Read More
Statesman says Palm Harbor Homes announced it will close its Kyle, Texas, manufacturing plant in early June, idling 129 employees. The company filed bankruptcy last November, and was acquired by Cavco Industries through its Fleetwood subsidiary under a bankruptcy court auction in March for $84.9 million. Palm Harbor has eight
Palm Harbor Closing One of its Plants Read More
HousingWire reports that while the House Financial Services Committee has proposed eight bills to revamp Fannie Mae and Freddie Mac, securities broker Keefe, Bruyette & Woods (KBW) say the legislation will do little to promote mortgages moving to the private sector from the GSEs (government sponsored enterprises). Instead it deals
Republican Bills to Revamp GSEs Have Minor Impact Read More
Yahoo!Finance reports that Nobility Homes (NASDAQ: NOBH) received a letter of non-compliance from NASDAQ because the company did not timely file its Quarterly Report on Form 10-Q. It failed to comply with NASDAQ Listing Rule 5250 (c)(1) with the Securities and Exchange Commission (SEC) for the period ending Feb. 5,
Nobility Homes Non-compliant with NASDAQ Again Read More
HousingWire says the Obama administration’s housing scorecard shows gain, but not yet a win. Prime and subprime mortgage delinquencies, and Federal Housing Administration (FHA) delinquencies, all declined from a year ago. The Housing and Urban Development (HUD) and Treasury Departments, also said properties receiving a notice of default declined from
The Housing Bubble Continues to Bounce Read More
The Dow registered a small gain of .09 percent to close at 12,400.03. In housing stocks, Skyline Corp. gained 2.38 percent and Cavco was up 1.36 percent. Nobility Homes and Deer Valley remained flat. The Manufactured Housing Composite gained 1.54 percent to end the day at 1134.60.
Dow and Housing Stocks Keep Low Profile Read More
The 2011 Tunica Manufactured Housing Show wrap-up by our staff and guest bloggers features three blog posts with full-color photos and videos. Catch the feel of the Show and the magnificent homes and industry professionals that comprised this year’s event. Click the respective links to read The Masthead post by
Tunica Manufactured Housing Show Takes Top Billing Read More
