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 started the day with a small rally on news of improvement on the employment front. It was short-lived, however. The Dow was in a state of modest decline through most of the day, recovering later and moving close to green just before close, but not quite getting there. The …
U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to analysis of recent Zillow Real Estate Market Reports. That brings the total value lost since the market peaked in June 2006 to …
Residential Home Value Loss Since Peak Exceeds Cost of 12 Iraq Wars Read More
From California, the Napa Valley Register reports that troubled rental properties there could be replaced with new manufactured homes. The report indicates the county is filing a petition with the Napa County Superior Court to have a third party temporarily take over rental homes at Cuttings Wharf, where officials have …
Trouble With Properties in Wine Country Could be Solved with Manufactured Housing Read More
It looks like Champion is joining the Manufactured Housing Association for Regulatory Reform (MHARR). Two independent, reliable sources have told MHMSM.com that Champion has applied to join the organization. According to its website, Champion is a leader in the manufactured housing industry and one of the largest modular homebuilders in …
By Office of Congressman Spencer Bachus Congressman Spencer Bachus (AL-6), Chairman-elect of the House Financial Services Committee, announced his appointments for committee leadership positions in the 112th Congress Thursday. In addition to naming the vice chairman and subcommittee leaders, Bachus announced plans to modify subcommittee jurisdictions to promote a more …
Bachus Announces Financial Services Leadership Team Read More
Stocks closed up 13 points mid-week after staying close to the even mark all day. The Manufactured Housing Composite Value was off half of one percent. Some manufactured housing and related stocks suffered significant losses, on a percentage basis anyway. Global Diversified Industries was off more than 50 percent to …
From the San Luis Obispo Tribune comes a story about scaling down and stepping up into a manufactured home. The article features retirees Saul and Carol Goldberg who downsized to Avila Beach’s San Luis Bay Estates, an upscale community of manufactured homes. Residents own their lots and a homeowners association …
Scaling Down and Stepping Up Into a Manufactured Home Community Read More
From Maryland comes a story from Southern Maryland Newspapers Online about plans to increase density in a manufactured home community there. According to a recent report from the county’s Department of Planning and Growth Management, Charles County needs to make more homes available for residents who earn between $30,000 and …
Manufactured Homes Could Help Boost Affordable Housing in Maryland Read More
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8 …
From Bloomberg we find a fiscal flood from taxpayers seeking to lower property-tax bills, which threatens to swamp local government budgets across the U.S. From Los Angeles to Atlantic City Bloomberg finds property owners are demanding lower taxes after real-estate values plunged. U.S. home prices are 30 percent below their …
Analysts say for the housing market to make any real improvement, employment has to improve. It may seem counter-intuitive, but a larger number of people walking away from their jobs is being taken as an indication the job market is on the rebound. The latest “Take This Job and Shove …
After opening 80 points in the green Tuesday, the Dow began to loose steam mid-afternoon and ended the day down three points. Most manufactured home stocks ended the day with little change. The exceptions were Palm Harbor Homes, which ended up three points at 13 cents a share, and All …
From Arizona, the Casa Grande Dispatch ran a story Tuesday recalling the history of Palm Harbor Homes in the community. The company had both a production plant and retail sales office in Casa Grande until the plant closed in early 2009. The sales office closed early this year. The newspaper …
Arizona Community Recalls History of Palm Harbor Homes There Read More
Businessweek reports that Warren Buffett’s Berkshire Hathaway Inc. plans to sell $500 million of notes to repay debt used by its Clayton Homes manufactured housing unit. The magazine reported on its website that five-year senior notes may be issued through Berkshire Hathaway Finance Corp. and may pay about 87.5 basis …
Berkshire to Sell $500 Million in Notes to Repay Clayton Debt Read More
Housing may seem like it’s in the tank, but a look by Forbes at markets over the last decade tells a different story. The magazine reports that the value of a square foot of housing in the U.S. is up 58 percent from its January 2000 level. New York performed …
HousingWire reports that double-digit declines in the mortgage delinquency rate for all 50 states will occur through next year, according to TransUnion. The company expects the national mortgage delinquency rate to fall by about one-fifth to 4.98 percent by the end of 2011. The company projects the rate at 6.21 …
Double-digit Declines in Mortgage Delinquency Projected Through 2011 Read More
Construtech ran an article about smart appliances coming to the construction industry from General Electric. GE Appliances & Lighting plans to launch a portfolio of products that provide insight into energy usage across the home. The article says through a series of products that leverage connected technologies, such as smart …
The Manufactured Housing Institute reports in its Week in Review that the Environmental Protection Agency recently announced new requirements for qualifying site-built and modular homes for ENERGY STAR, which will go into effect beginning next year. The Systems Building Research Alliance is in the process of revising the modular program …
EPA Announces New Energy Star Requirements for Modular Housing Read More
UPI.com reports that there may be a large shadow inventory of foreclosed homes in the American Heartland. The reason: no data is collected from small lenders or lenders that operate exclusively in rural areas. Homeowners in the heartland struggle with many of the same factors that plague urban and suburban …
Rural Foreclosures: The Hidden Heartland Inventory Read More
A U.S. mortgage sub-sector historically known for its problematic performance has emerged as one of its more stable performers, according to Fitch Ratings in a new report. The manufactured housing sector has experienced very slight increases in loss severities, net loss rates and 60-day delinquencies over the last year. This …
Fitch: U.S. Manufactured Housing Remains Stable Amid Market Turmoil Read More
