Posts Tagged ‘momentum’

Louisville 2014: Manufacturers Space Sold Out

August 22nd, 2013 Comments off

Louisville-show-2014With almost 5 months before the show starts, Dennis Hill with Show Ways Unlimited has told MHProNews that the manufacturers floor space is sold out. This is a good sign of the momentum being built during the last 3 years since the show was canceled in 2010. In 2011 there were some 2 dozens homes on display. In 2013, that number had risen to 39 homes. In 2014, 48 homes are booked, and it took getting more of the Kentucky Expo Center space to accommodate those extra homes. Updates are taking place on the during the next two weeks. You can also see the latest info on the show at this link on the Corporate Press Release news module. ##

(Image Credit: 2014 Louisville Show)

Mood Continues to Brighten for Home Builders

August 15th, 2013 Comments off

Builder confidence for new, single-family homes rose three points to 59, according to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), bringing the index to its highest mark in almost eight years. Any number over 50 is rated as “good”, MHProNews has learned. The index measures current sales, traffic of prospective customers and sales expectations for the next six months. Says NAHB Chief Economist David Crowe, “Builder confidence continues to strengthen along with rising demand for a limited supply of new and existing homes in most local markets. However, this positive momentum is being slowed by the ongoing headwinds of tight credit and low supplies of finished lots and labor.” Regionally, the Midwest gained six points to 60, the West also moved up six points, to 57, while the South notched a four-point gain and the Northeast remained steady at 39.

(Photo credit: Sue Orgocki/Associated Press)

Housing Market Continues to Expand

August 14th, 2013 Comments off

The momentum of the housing recovery, despite tight credit, rising prices and low inventory, is in its early stages of recovery, and panelists at the Bipartisan Policy Center’s conference say the Federal Reserve’s bond-buying program should continue. “There is a cyclical and structural nature to the problem,” reports Paul Weech of the Housing Partnership Network. “We haven’t solved for the underlying structural problem and if we revert back to the norm, we still have millions of homes trying to get back in the full market recovery.” The fastest growing age group, the baby boomers, could have the largest affect on the housing market. Wanting to continue to own a home, they may sell their current home and downgrade their living quarters to allow more time and resources for travel, as HousingWire tells MHProNews.

(Image credit: HousingWire)

Newly-built Housing Index Highest in Seven Years

July 17th, 2013 Comments off

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July, builder confidence for newly-built single-family homes rose six points to 57, the index’s third consecutive monthly gain and the highest reading since Jan. 2006. Based on builder perceptions of current home sales, traffic of prospective buyers and sales expectations for the coming six months, any number over 50 indicates builders see the market as good rather than poor. While the numbers show definite improvement in the newly-built housing market, NAHB Chairman Rick Judson cautions, “This positive momentum could be disrupted by threats on the policy side, particularly with regard to the mortgage interest deduction and federal support for the housing finance system.” MHProNews has learned all four regions registered positive news: The Northeast gained four points to 40, the Midwest moved up eight points to 54, while the South increased five-points to 50 and the West hit 51 after moving up three points.

(Photo credit: comstockpremium)

15 More Housing Markets on the Upswing

March 21st, 2013 Comments off

The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for March marks the second consecutive month in which every state is represented on the improving markets list by at least one metropolitan market. The IMI gauges increases in employment, housing permits, and housing prices for six consecutive months for each metro area before it can be included. The 274 areas currently on the list include the addition of net 15 metro areas since Feb., as MHProNews has learned. NAHB Chief Economist David Crowe says, “With just over 75 percent of the 361 metros covered by the IMI now seen as improving, the housing market is on considerably more solid footing than it was at this time last year. While we expect this positive momentum to continue, it’s important to understand that many markets are just beginning the recovery process, and that numerous issues – from credit availability to the rising cost of building materials and emerging lot shortages – are slowing the pace of that advancement.”

(Photo credit: Eric Hylden/prairiebizmagazine)

MHAO Cancels Show

December 14th, 2012 Comments off

In an open letter to the industry, Deanna Fields of the Manufactured Housing Association of Oklahoma (MHAO) says the 2013 Great Southwest Home Show has been canceled. Originally set to run Feb. 28-March 3, 2013 at the QuikTrip Center Expo Square in Tulsa, due to the economic climate, site contract payments due for the show, and response from MH producers and other vendors, the MHAO Board of Directors decided to pull the plug on this year’s show. MHProNews has learned MHAO is planning a show in 2014 when the economic forecast looks brighter. Noting the past four years at QuikTrip have been a great promotion for the industry, MHAO President Bo Radley stated, “We remain committed to providing this forum in the future and will continue the momentum in that direction.” Sources close to the Louisville and Tunica shows expressed their regrets about Tulsa’s Show, but say their outlooks are good for 2013. For example the Louisville Show’s attendee registrations are up, number of manufacturers are up and sold out. Louisville has also expanded their exhibit space. The popular Money Tree Seminars are also expanded. A special pre-show event is planned: Introduction to MH Opportunities day, linked here.


(Photo credit: MHProNews–QuikTrip Center)

Forbes: Make a Killing with Killam?

December 5th, 2012 Comments off

Forbes reports one way to measure the level of fear in a stock is the Relative Strength Indicator (RSI), a technical analysis indicator which measures momentum on a scale of 0 to 100, and anything below 30 translates into a stock being oversold. Tuesday’s trading on the Toronto Stock Exchange (TSX) revealed MHC owner Killam Properties, Inc., (KMP) of Halifax, Nova Scotia, Canada ventured into oversold territory after selling at $11.78 per share, giving it an RSI reading of 27.4. At the current 46.5 reading of the S&P/TSX Composite Index, investors could envision KMP’s low price as a good opportunity to buy shares, since the 52-week range has been from $10.78 to $13.60. As MHProNews knows, with over 50 communities, Killam is one of the largest owners of manufactured housing communities in Canada.

(Photo credit: Killam Properties, Inc.)

Survey Says Good Time to Buy

November 15th, 2012 Comments off

According to the Fannie Mae October National Housing Survey of 1,000 Americans, 50 percent expect home rental costs to increase, providing more incentive to buy a home. RealtorMag tells MHProNews the survey revealed 72 percent of respondents say now is a good time to purchase a home, while only 18 percent note it is a good time to sell. Doug Duncan, Fannie Mae’s senior vice president and chief economist, states, “Increasing household formation, encouraged by an improving labor market, is adding additional momentum to the housing recovery and putting upward pressure on rental price expectations. Expected increases in both owning and renting costs may encourage more consumers to buy and add further strength to the housing recovery already under way.”

(Image credit: firstbanktrust)

Improving Markets Index Spikes

November 7th, 2012 Comments off

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 from 33 states to 38 (plus the District of Columbia), while 97 of the 103 markets maintained their spot on the list of improving markets. As MHProNews has learned, NAHB Chief Economist David Crowe says, “The solid increase in the number of improving housing markets this month illustrates the degree to which the housing recovery has gained momentum since we initiated the IMI last year. Compared to the 30 markets that made the list as of November 2011, we now have 125, which is about one-third of all the markets surveyed for this index.”

(Photo credit: Comstock Premium)

Consumer Confidence Gains, but Slowly

July 31st, 2012 Comments off

The Olympian reports while the Consumer Confidence Index of The Conference Board increased for the first time in five months, from 62.7 in June to 65.9 this month, the index is well below 90, which indicates a healthy economy, a mark not seen since before the recession began in 2007. At its lowest point it dropped to 25.3 in Feb. of 2009. Based on a random survey of 500 respondents, consumer confidence matters because consumer spending accounts for 70 percent of U.S. economic activity. Lynn Franco, director of economic indicators at The Conference Board, says, “While consumers expressed greater optimism about short-term business and employment prospects, they have grown more pessimistic about their earnings. Given the current environment – in particular the weak labor market – consumer confidence is not likely to gain any significant momentum in the coming months.” MHProNews has learned the index remains at historically low levels.

(Image credit: TotalMortgage)