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.
As December rolls on, a new set of featured articles are found on the MHProNews’ home page. Our theme for this month is: DAAD = Dramatic! Advent! Adventure! December 2016! To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link […]
“Way back in the 1940s, when Arizona’s population really took off, manufactured and mobile [sic] homes helped provide housing for new residents, and today there are still many developments of manufactured housing scattered throughout the state,” writes Rosie Romero, an Arizona based homebuilding and remodeling expert, in the Green Valley
Repairing Your Manufactured or Modular Home – Facts, Myths and Clarity Read More
“The HUD Code has de facto become a discrimination code,” attorney Marty Lavin told MHProNews some months ago. Lavin – an award-winning expert with decades of manufactured home lending, communities and retailing experience – was pointing to incidents like the one in the Meyersdale Borough Council, near Somerset, Pennsylvania. The council
Noteworthy headlines on CNNMoney – CEO who voted for Trump likes what he sees. Carrier neighbor shipping 300 jobs to Mexico. Boeing: 150,000 U.S. aviation jobs depend on China. Wells Fargo account openings dive 41 percent. Some bullets from MarketWatch – Stock gains evaporate after China seizes U.S. underwater drone.
Some manufactured home community residents and advocates in Oregon feel there’s a disconnect when it comes to enforcement of the law. “There are more than 1,000 manufactured home/mobile home communities in Oregon,” says Rita Loberger, a volunteer resident advocate for the Manufactured Housing/Oregon State Tenants Association. “Right now, it’s
Manufactured Home Owner or Community – Who’s Responsible? Read More
“In the business world, the rearview mirror is always clearer than the windshield.” – Warren Buffett. We begin our new, periodic Flashback Friday series with some pithy Rearview Mirror quotes and images, starting with the one above that the Sage of Omaha has long applied in discerning where to invest. Buffett is known
Warren Buffett’s Rear View Mirror & HUD Read More
Washington, D.C. – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that after review of the Federal Housing Finance Agency (FHFA) release of its final rule to implement the “Duty to Serve Underserved Markets” (DTS) provision of the Housing and Economic Recovery Act of 2008 (HERA), the organization sees
MHARR: FHFA Final Duty to Serve Rule Continues to Fail Manufactured Home Buyers Read More
Noteworthy headlines on CNNMoney – Yahoo hack renews doubts about Verizon deal. Fox News’ Monica Crowley to join Trump administration. China clears key hurdle to buy Chicago Stock Exchange. Trump chief of staff Priebus: White House press briefings could be changed. Some bullets from MarketWatch – Dollar surges as Fed
Cavco Industries Inc. (NASDAQ:CVCO) remains on the radar of investors, with a number of them increasing their stake in the company. In their November 8th earnings report, Cavco delivered $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had a net
Recent Investor Moves in Cavco Industries Examined Read More
Representative Garret Graves (R- LA) is not pleased with the Federal Emergency Management Agency (FEMA). “FEMA’s response to the catastrophic floods that damaged much of south Louisiana in August has been unacceptable and needs to be ‘Cajunized,’” Graves told the Press Club of Baton Rouge on December 12th. The term
Cajunize! State Rep Says FEMA Response “Defines Common Sense” Read More
The Departments of Justice (DOJ) and Housing and Urban Development (HUD) released updated guidance on the application of the Federal Fair Housing Act (FHA) to state and local land use planning laws on December 12th. “The guidance is designed to help state and local governments better understand how to comply
DOJ, HUD Update Existing Guidance Despite Calls for a Moratorium Read More
Noteworthy headlines on CNNMoney – Dow falls 119 points after Fed hikes interest rates and says 3 more increases are coming in 2017. Trump meets with top Silicon Valley execs. Japan opens door to $30B casino industry. Wells Fargo faces new trouble for its “living will.” Some bullets from MarketWatch
Manufactured Housing CV Hit Hard, Broader Markets Down on Fed Rate Hike Read More
The Linton, Indiana City Council voted on December 12th to move forward with a manufacturing housing ordinance, which will require all future manufactured homes to be in a manufactured home community. The controversial motion passed with a 3-2 vote, with council members Tony Richards and Linda Bedwell casting dissenting votes.
City Council Approves Controversial Manufactured Housing Ordinance Read More
The Federal Housing Finance Agency (FHFA) finalized a rule on December 13th that creates a “duty to serve” for Fannie Mae and Freddie Mac. The action is aimed at having government-sponsored enterprises (GSEs) enter the market for manufactured home loans by creating a pilot program under which they receive credit
FHFA Makes Major Move, Significant Impact Expected on MH Loans Read More
The Manufactured Housing Consensus Committee (MHCC) voted to recommend significant changes to a December 8, 2016 draft of the Department of Housing and Urban Development (HUD) “Interpretive Bulletin” (IB) on requirements for so-called “frost-free” and “frost-protected” foundations in areas with freezing climates. The action, by the full MHCC follows a
MHCC Recommends Significant Changes to HUD Frost Free Foundation Bulletin Read More
Residents of a San Leandro, California manufactured home community are facing rent increases next month, but they may get assistance from city leaders through a proposed minor home repair program. According to the East Bay Times, the proposal was presented by San Leandro staff at the City Council meeting on
City Weighs Repair Assistance Options for MH Community Residents Read More
Enerdynamic Hybrid Technologies Corp. (EHT) of Toronto, Ontario, Canada has signed a letter of intent to build 50,000 modular homes in Ivory Coast for military families, according to what Baystreet.ca tells MHProNews. Maple Leaf Holdings SA, of which EHT is a shareholder, will construct two, three and four bedroom homes
Canadian Modular Home Builder Gains Foothold in African Market Read More
The National Federation of Independent Businesses’ (NFIB) small business optimism index rose from 94.9 to 98.4 in the wake of president-elect Donald Trump’s victory in the U. S. elections, marking the largest increase since 2009. “This month we bifurcated the data to measure the results before and after the
Business Optimism Rises with Trump’s Ascendancy, as Energy Issues take Center Stage Read More
Noteworthy headlines on CNNMoney – Trump stock rally shows no sign of slowing. Google moves closer to self-driving cars. Cuisinart recalls 8 million food processors. Ammo imports booming to keep up with gun sales. Some bullets from MarketWatch – Dow closes in on 20,000 as S&P 500, Nasdaq hit all-time
Although an article in The Advocate from Oct. 16, 2016 states Federal Emergency Management Agency (FEMA) manufactured housing units (MHUs) targeted to survivors of flooding in August in Louisiana cost around $100,000 to build, transport and install, a current article in the same publication states FEMA is paying $129,200 for
The Costly Crawl of Bureaucracy: FEMA at its Finest? Read More
