Trends

Will Sandy’s Destruction Spur Re-construction on the East Coast?

By / November 13, 2012 / Economy, home buyers, Manufactured and Modular Housing News, Trends

Housing industry analysts are skeptical about whether the construction that will result from Hurricane Sandy will offset the property damage that occurred. NationalMortgageNews reports Ken Simonson, president of the National Association for Business Economics and chief economist at the Associated General Contractors of America, does not regard it with much …

Will Sandy’s Destruction Spur Re-construction on the East Coast? Read More

Twin Cities Recovering Well

By / November 13, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The median sales price of a home spiked 14.8 percent and sales rose 15.1 percent over year ago levels, says the Minneapolis Area Association of Realtors regarding a 13 county area. The number of houses on the market rose 7.5 percent from a year ago October, as HousingWire tells MHProNews, …

Twin Cities Recovering Well Read More

NYC Housing Shortage Likely to Worsen

By / November 12, 2012 / Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

Reporting from New York City, observer says the return to normalcy in parts of the battered city, from the homes that burned to those that washed away, will be many months. Owners of one expensive high rise in lower Manhattan do not know when their units will be habitable, and …

NYC Housing Shortage Likely to Worsen Read More

Has Homebuilding Hit a Bump?

By / November 12, 2012 / Business, Company News, Economy, Manufactured and Modular Housing News, Trends

CNNMoney reports homebuilder D. R. Horton (DHI) missed revenue estimates in the third quarter 2012, but notched a profit that beat estimates. Meanwhile, Beazer Homes (BZH) exceeded its revenue expectations but its quarterly loss was more than anticipated, as it’s stock dropped nearly 14 percent. Horton’s shares fell 3.5 percent. …

Has Homebuilding Hit a Bump? Read More

Home Builder Confidence Grows in Sr. Market

By / November 8, 2012 / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), builder confidence increased in the third quarter 2012 threefold over a year ago, from 12 to 36. A score of 50 or better indicates more builders see conditions as favorable, as opposed to unfavorable. There are …

Home Builder Confidence Grows in Sr. Market Read More

Turned down by a Bank? Try Craiglist

By / November 8, 2012 / Business, Finance, home buyers, Manufactured and Modular Housing News, Trends

NNMoney reports the latest twist on Craigslist is people looking for co-signers on loans because they do not have good enough credit on their own. A would be borrower in Ohio is offering a tractor and a car as collateral for someone to co-sign a $5,000 personal loan. A student …

Turned down by a Bank? Try Craiglist Read More

Home Prices Post Largest Rise since 2006

By / November 7, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

HousingWire reports median single-family home prices rose in 120 out of 149 metro areas, up significantly from the 39 metros that recorded price increases a year earlier, according to the National Association of Realtors (NAR). Showing the strongest year-over-year increase for single family homes since Q1 2006, the national median …

Home Prices Post Largest Rise since 2006 Read More

Morning After

By / November 7, 2012 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, People, Stocks, Trends

Bloomberg tells MHProNews the Dollar Index, which tracks American currency against that of six of our trading partners, rose 0.3 percent to a seven-week high on the news of President Obama’s re-election, a sign of a weakened dollar. The index hit 80.83 after touching 80.92. Investors are concerned the president …

Morning After Read More

Improving Markets Index Spikes

By / November 7, 2012 / Advocacy, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI), the number of U.S. markets showing consistent improvement increased by 22 to 125, Oct. to Nov. Based on employment, housing permits, and house prices for at least six consecutive months, markets qualifying for the list grew …

Improving Markets Index Spikes Read More

Sept. Home Price Increase Largest in Six Years

By / November 6, 2012 / home buyers, Manufactured and Modular Housing News, Trends

HousingWire reports Core Logic’s Sept. 2012 home price index (HPI) indicates national home prices increased five percent on a year-over-year basis. This represents the largest year-over-year increase since July 2006, and the seventh consecutive month of annual home prices increase. Oct. 2012 home prices, including distressed sales, are expected to …

Sept. Home Price Increase Largest in Six Years Read More

Zacks Downgrades UFPI

By / November 6, 2012 / Business, Company News, Manufactured and Modular Housing News, Stocks, Trends

Zacks Investment Research reports Universal Forest Products, Inc.’s (UFPI) 2012 third quarter earnings fell below year ago earnings per share by $0.01 to $0.28, and $0.10 below Zacks Consensus estimate of $0.38 a share. A $2 million Canadian anti-dumping duty severely impacted the low return. Higher lumber prices contributed to …

Zacks Downgrades UFPI Read More

Modular Growing in Mozambique

By / November 5, 2012 / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

MHProNews has learned Vela Building Systems (VBS) of South Africa is spreading its modular housing operations and community infrastructure building into other countries in Southern Africa, like Mozambique, where the growth rate is seven percent annually, and Namibia. Anticipated to be the second fastest growing region in the world over …

Modular Growing in Mozambique Read More

MH Production Falls in Sept.

By / November 2, 2012 / Economy, Manufactured and Modular Housing News, Manufactured Homes, Trends

After 13 months of consecutive growth, the manufactured housing industry produced fewer homes in Sept. 2012 than the previous Sept., according to the Manufactured Housing Association for Regulatory Reform (MHARR). Data compiled for the Dept. of Housing and Urban Development (HUD) indicates HUD Code homes produced this past Sept. numbered …

MH Production Falls in Sept. Read More

Mortgage Apps Fall, FRM Nudges Up

By / October 31, 2012 / Advocacy, Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Trends

Tracking the residential mortgage applications through a composite index and covering some 75 percent of all residential applications, the Mortgage Bankers Association (MBA) says new mortgage apps fell five percent for the week ending Oct. 26 on the heels of falling 12 percent and four percent the two previous weeks, …

Mortgage Apps Fall, FRM Nudges Up Read More

FEMA: Flood Insurance may be Lacking

By / October 31, 2012 / Manufactured and Modular Housing News, Trends

In the wake of Hurricane Sandy, the Federal Emergency Management Fund (FEMA) has enough funding for disaster relief, but it may come up short for the federal flood insurance program, MHProNews has learned from CNNMoney. The National Flood Insurance Program (NFIP) paid out $1.8 billion following Hurricane Irene last year, …

FEMA: Flood Insurance may be Lacking Read More

Composite Metro House Values Edge Up

By / October 31, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Standard & Poor’s Case/Shiller Index reports in HousingWire U.S. home prices nudged up 0.9 percent in August over July in 19 of the 20 metro areas surveyed. Overall, the ten-city composite index saw an annual price increase of 1.3 percent, while the 20-city composite climbed two percent over last year. …

Composite Metro House Values Edge Up Read More

Home Sales Rise in Mass.

By / October 30, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

According to data from the Warren Group, NationalMortgageNews reports the sale of single-family homes increased eight percent in Sept. over Sept 2011 in Massachusetts, equaling 3,791 homes last month. Although median prices slipped to $277,000 for the state, 13,861 properties were sold during the third quarter, 2,000 more than the …

Home Sales Rise in Mass. Read More

Oil Boom Hits Bainville

By / October 30, 2012 / Business, Canada, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

BillingsGazette tells MHProNews Bainville, Mont. in the northeastern part of the state has a population of 300 and town budget of $250,000. ProCore Logistics LLC of Calgary, Alberta, Canada is investing $30 million locally in support of the Bakken oil boom (centered 28 miles away in Williston, North Dakota) for …

Oil Boom Hits Bainville Read More

Industry Experts Forecast Modest Housing Growth

By / October 26, 2012 / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

According to Chip Case, professor emeritus of economics at Wellesley College and senior fellow at Harvard’s Joint Center for Housing Studies, the mortgage interest deduction will be on the table after the election as well as other tax reform issues. As WindowFilmMag informs MHProNews, after 44 months housing starts finally …

Industry Experts Forecast Modest Housing Growth Read More

Mortgage Applications Fall

By / October 24, 2012 / Business, Economy, Finance, Manufactured and Modular Housing News, Trends

NationalMortgageNews tells MHProNews according to the Bankers Mortgage Association applications fell 12 percent for the week ending Oct. 19, 2012. Mortgage apps fell 4.2 percent the previous week, according to the trade group’s market composite index, which covers some 75 percent of residential retail lenders. Refinancings as a total of …

Mortgage Applications Fall Read More

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