From Housingwire, MHProNews.com learns that MetLife recently closed its forward home loan business. The company will continue to originate reverse mortgages, however. MetLife had had been trying to sell the division since October due to what the report says the company considered excessive regulations post-banking crisis. The insurance giant also […]
MetLife Exits Home Loan Business Read More
From North Adams Township in Massachusetts and the North Adams Transcript, MHProNews.com learns that the owner , Morgan Management of The Spruces Mobile Home Park has been ordered by the Board of Health there to immediately renew its manufactured housing community license. According to the report, a the community failed
MA MH Community Ordered to Renew License Read More
Stocks were mixed during hump day trading with the Dow losing 13 points and the Nasdaq gaining eight. The Yahoo Finance Manufactured Housing Composite bested both, marking a 1.5 percent advance in value. Advancers include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing
MH Index Closes Higher, Stocks Mixed Read More
Lender Processing Services, a leading provider of technology, data and analytics for the mortgage and real estate industries, announced this week that according to its research the national average home price for transactions during October 2011 was $200,000 – a decline of 0.8 percent during the month relative to September,
Index Shows U.S. Home Prices Declined 0.8 Percent to Late 2002 Read More
Ritz-Craft Corporation announced this week it has been awarded a contract to manufacturer, deliver and install 64 modular units at Fulton-Montgomery Community College located in Johnstown, New York. Installation of the two-story housing building, which will accommodate up to 144 students, will double the amount of housing currently offered by
Ritz-Craft Corporation to Deliver Student Housing to Johnstown Read More
From Billings, Montana and KRTV.com MHProNews.com learns a new modular assembly plant will be coming to the community of Bynum. The new plant will bring an initial 80 jobs and more than 100 more. Lauren Engineers & Constructors of Abilene, Texas have not specified the exact number of jobs, saying
Montana Adds Modular Assembly Plant Read More
From British Columbia comes word that the BC Coroners Service and Office of the Fire Commissioner are urging owners of mobile and manufactured homes and community operators to take special care to prevent fires in the wake of a calamitous New Year’s weekend for fire deaths in British Columbia. From a CBCNews photo, the
Contrary to Reports, Manufactured Homes Do Not Pose Increased Fire Risk Read More
DeLuxe Building Systems, Inc., the largest privately held steel and concrete modular building manufacturer on the east coast, recently announced the opening of a new, onsite production facility to manufacture precast, noncombustible concrete panels. The company says having a concrete facility onsite means that the pre-cast concrete panels used in
DeLuxe Opens Facility to Manufacture Precast Concrete Panels Read More
Payrolls beat forecasts, but it wasn’t enough to lift markets Friday. Stocks closed lower to end the week January 6 with the Dow losing 55 points. The Yahoo Finance Manufactured Housing Composite Value was down 29 points or four percent. Manufactured Housing stocks ending lower Friday include Allied Management Group,
Stocks End First Week on a Low Note Read More
From BuffaloNews.com, MHProNews.com learns that the residents of the community of Marilla Country Village have purchased the community with help from the state. Reports indicate Marilla Country Village Inc. bought the 154-unit property from KDM Development Corp. of Rochester for $4.5 million. ROC USA LLC, a non-profit that specializes in
Buffalo Residents buy MH Community Read More
From Housingwire.com MHProNews.com learns that Veros Real Estate Solutions predicts home prices will remain relatively unchanged over the next year with the strongest markets seeing a 4 percent rise and other seeing as much as a 6 percent drop. The company’s home price index shows 2012 declines of 1.3 percent
Housing Prices Could Continue Decline in 2012 Read More
From Victoria News, MHProNews.com has learned that the Greater Victoria housing market improved at the end of 2011. The report says annual sales for single-family homes, town homes and manufactured homes increased in December. Carol Crabb, president of the Victoria Real Estate Board was quoted in the article saying the
MH, Other Homes Sales Up in Victoria Read More
From Armstrong, Iowa, MHProNews.com has learned that Art’s Way Manufacturing Co., Inc. announced recently its wholly owned subsidiary, Art’s Way Scientific, Inc., has designed, and is under contract to manufacture 24 modular units. The modular units are expected to be constructed and installed over the course of approximately one year
Art’s Way Scientific to Manufacture 24 Modular Units Read More
The Dow rose 20 points on Wednesday with most of the gains going to retailers. The Yahoo Finance Manufactured Housing Composite was down one percent for the day, however. Decliners for the day include Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers
Stocks Close Modestly Higher, MH Index Down One Percent Read More
Congress and Republican Presidential hopefuls may be calling for an end to the mortgage giants Fannie Mae and Freddie Mac, but a new White Paper from the Federal Reserve says a larger role is what’s needed. MHProNews.com has learned from CNBC.com that the Fed released the document suggesting Fannie and
Fed Sees Increased Role for Fannie and Freddie Read More
From Housingwire, MHProNews.com has learned that President Barack Obama will install former Ohio Attorney General Richard Cordray as director of the Consumer Financial Protection Bureau. Senators met briefly for a pro forma session Tuesday, although the Senate is currently in recess until Jan. 23. Senate Republicans blocked the appointment early
Obama to Appoint Consumer Financial Protection Bureau Director Read More
From the Journal in Crosby, North Dakota, MHProNews.com has leaned that an oil boom is fueling dramatic growth in building permit numbers. In 2011 160 permits were issues in Crosby, an increase over the 100 issued in 2010. Another 11 homes were placed in a single permit for Crosby Meadows
Oil Boom Brings MH to ND Town Read More
Economic activity in the manufacturing sector expanded in December for the 29th consecutive month, and the overall economy grew for the 31st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued Tuesday by Bradley J. Holcomb, chair of the Institute
Manufacturing Posts Increase in December Read More
The U.S. Consumer Product Safety Commission, in cooperation with Navien Instantaneous or Tankless Water Heaters, recently announced a voluntary recall of several tankless water geaters. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product. The heaters
Tankless Water Heater Recall Announced Read More
From Oregon comes another story about a fire in a manufactured home. While stories about home fires are common, few specify the construction method for stick-built or modular homes, but make the exception for manufactured or mobile homes. From Ontario, Oregon, The Argus reports that a Friday evening fire in a
Is a Home a Home, Even in a Fire Story? Read More
