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.
While the “duty to serve” mandate requiring loans be made available for manufactured home purchases has been on the books since 2008 but never enforced, it may soon see the light of day. The Federal Housing Finance Agency (FHFA) is set to require Fannie Mae and Freddie Mac to purchase […]
Secondary Market for Manufactured Home Loans Directive Due Soon Read More
Following a story MHProNews posted Aug. 8, 2015 regarding San Jose, California’s attempt to forestall the re-purposing of the city’s 59 land lease communities, mercurynews reports the San Jose City Council directed staff to develop an ordinance within two weeks that would prevent the city from processing any paperwork to
San Jose wants a Six Month Moratorium on Re-purposing of Manufactured Home Communities Read More
While manufactured home community (MHC) owners in Langley Township, British Columbia, Canada cannot be compelled to pay relocation costs to displaced residents when redeveloping their communities, municipalities can negotiate relocation costs with the owner when application is made for rezoning, according to langleytimes. The Seniors Advisory Committee had asked the
Council Strengthens Language Regarding Relocating Residents Read More
In the news from CNNMoney: Iran is hiding more oil at sea then we knew about. Women with MBAs are choosing Google over Goldman Sachs. Oil falls to a six-year low, hitting $41.92 a barrel, well below the $100 a barrel one year ago—Texas and North Dakota feel the pinch.
Patrick Gains the Most of MH Stocks; MHCV Slips Read More
In the second project of Dauphin County’s Land Bank Authority, four dilapidated townhouses will be demolished and replaced with five modular homes in Susquehanna Township, a suburb of Harrisburg, Pennsylvania, according to what pennlive tells MHProNews. Three health officers have been working on the four buildings over the years, citing
Land Bank Authority Funds Modular Housing Project Read More
MHProNews has learned from sboanj that Eugene Landy and his wife will serve as Grand Marshals for the Fourth Annual Open Space Pace on Saturday, September 19, 2015, an event of the Standardbred Breeders & Owners Association of New Jersey (sboanj). Festivities begin with a parade of horses from Freehold
Manufactured Home Community Founder Supports Non-profit in New Jersey Read More
Updating a story MHProNews last posted April 26, 2013 regarding Florida’s state-run insurer of manufactured homes, Citizens Property Insurance Co., and its reduction of coverage on MH, orlandosentinel reports seven private insurers have been approved to pick up half of Citizens’ remaining policies, amounting to 280,857 policies, according to the
Citizens Paring Down Policies of Manufactured Home Owners Read More
The National Association of Realtors (NAR) informs MHProNews that the median existing single-family home price increased in 93% of 176 metropolitan areas during Q2 2015, up from 85 percent of metro areas in the first quarter. Compared to the second quarter of 2014, home prices rose 8.2 percent. According to
California Takes Prize for Most Expensive Homes Read More
Fleetwood Corporation Ltd. (ASX:FWD) of Australia produces manufactured and modular homes and buildings for residential, educational and commercial applications, and has a recreational vehicle division as well, according to dailyreckoning.au. Although the report at the end of 2014 showed revenue had fallen 18 percent due to a weakness in the
Fleetwood Poised to take Advantage of Opportunities Down Under Read More
In the news from CNNMoney: Global stock markets plummet over devaluing of Chinese currency. Kraft Heinz gives pink slips to 2,500, over 5% of workforce. Businesses tell Sen. Marco Rubio to change his stance on Cuba. WI Gov. Scott Walker OKs $250 million in taxpayer dollars for sports arena. Meanwhile,
China Devaluation Leaves Stocks Flat; Deer Valley Falls Following Prior Big Gain Read More
As sltrib informs MHProNews, the influx of some 200,000 migrants into Europe this year has benefited the modular housing division of Paris-based Touax Group in Supikovice, Czech Republic, which is trying to keep up with the demand from Germany to house those fleeing war and poverty in their native lands.
European Modular Housing Builder Overwhelmed by Demand Read More
The National Association of Home Builders (NAHB) reports its 55+ Housing Market Index (HMI) slipped one point to 57 in the second quarter of 2015, but maintains the fifth consecutive quarter with a reading over 50. Any number over 50 indicates builders think conditions are good rather than poor, according
55+ Housing Market Index Remains Steady Read More
Following a story MHProNews posted July 27, 2015 regarding the possibility that the Department of Housing and Urban Development (HUD) may increase payments to State Administrative Agencies (SAAs), the Manufactured Housing Association for Regulatory Reform (MHARR) states that HUD’s proposed overall funding to the SAAs would diminish because part of
MHARR Questions HUD’s Proposed New SAA Funding Read More
Two Texas mortgage lenders who were “engaged in a scheme to charge bogus fees to consumers, which improperly inflated mortgages for borrowers purchasing newly constructed manufactured housing,” agreed to settlements with the Department of Housing and Urban Development’s (HUD) Mortgagee Review Board (MRB), according to themreport. For violations of the
Lenders Fined, Lose FHA Approval Status for Manufactured Home Lending Fraud Read More
In the news from CNNMoney: Median home price in San Jose, CA is $980,000. Whole Foods stock down over 30 percent this year. Chicago laying off 500 teachers. 8.5 billion people on Earth by 2030. China devalues currency, hurting several U. S. companies. Saudi’s finances stretched by oil price drop,
Deer Valley Homes Skyrockets +85.71%; Dow Loses most of Yesterday’s Gain Read More
Students at the University of Notre Dame’s Kinetic Structure Laboratory have developed an origami-inspired deployable shelter for the military that will cut energy usage used to heat and cool canvas tents by 70 percent, according to gizmag. Instead of erecting four shelter walls as in traditional construction, the walls are
Shelters Developed for Military may be Used for Disasters Scenarios Read More
According to cbsnews, there are many advantages of a modular home, especially versus a stick-built. Energy bills are lower because of the tight-fitting seams and state-of-the-art windows, which also earned them a reputation for being able to better withstand natural disasters. Because the home is made inside and delivered in
Modular Home Construction can Realize Cost Savings Read More
Elkhart, Indiana-based Drew Industries, Inc. (NYSE:DW) reports its wholly-owned subsidiary, Lippert Components, Inc. (LCI®) has acquired Roehm Marine, LLC, aka Signature Seating for $16 million. Headquartered in Fort Wayne, Indiana, Signature manufactures furniture for use in fresh water boats, specifically pontoon boats, as prnewswire informs MHProNews. Drew’s President Scott Mereness
Drew goes Fishing, Finds Furniture for Fresh Water Float Read More
“Nowadays, when someone carries out a search on your company through the Internet, any type of result about your business can show up. Google will not discriminate between positive or negative comments on your company, so you have to do whatever it takes, legally, to manage your reputation online. Reputation
Grenade Marketing Offers Reputation Marketing for Manufactured Home Industry Pros Read More
In the news from CNNMoney: Gasoline prices expected to fall below $2. gallon by fall. Gift cards are the most requested gift in the U. S. for eight years. Wages growing fastest in Columbus, Ohio, San Francisco, Virginia Beach, Va. and Louisville, Ky. Low gas prices could hamper rise in
Dow Posts Strong Gain, MHCV Slips, LPX Gains 4.60% Read More
