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.
Marking the 13th consecutive month reading above 50, and hitting the highest point in nearly a decade, the National Association of Home Builders/Wells Fargo builders confidence gauge high 60 this month. Any number above 50 signals that builders are optimistic about sales trends, according to marketwatch. “This month’s reading is […]
Homebuilders Confidence Level Hits High Mark Read More
The Texas Manufactured Housing Association tells MHProNews titles for both new and used manufactured homes fell in April from the previous month as well as from April 2014. For May, preliminary results indicate both shipments and processed titles have slipped for the month. However, with most of the state receiving
Texas Manufactured Home Sales Slowed in April, and Preliminarily in May as Well Read More
For the third quarter of its fiscal year, T.J.T. Inc. announces net profits of $11,969 on net sales of $1,522,014, a turn around from its net loss of $7,114 reported April 13, 2015 for the previous quarter. As businesswire tells MHProNews sales for this quarter were comparable to Q3 of
Supplier to Manufactured Home Market Reports Profit Read More
M. Mark Weiss, JD – President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), in an email to MHProNews and the Journal, said that the reported termination of the dispute resolution (DR) subcontract between the Savan Group LLC and HUD’s entrenched monitoring contractor, the Institute for Building
Today’s Manufactured Homes – Amazingly Low Complaints, per Federal Report Read More
In the news from CNNMoney: Google beats profit expectations. Iran will add to the supply of oil as it also collects $100 billion that has been frozen. Stocks in China continue their tumult, despite seven percent GDP growth in the economy. Cheerleaders for professional teams in California win right to
Universal Forest Products Spikes while Skyline Gains over Four Percent Read More
Beginning in January 2016, wset-tv informs MHProNews, Virginia customers of Appalachian Power (AEP) will be eligible to participate in five new energy-and cost-saving programs as approved by the Virginia State Corporation Commission (SCC). These four new residential programs and one targeted to commercial/industrial use are in addition to low income
Virginia Manufactured Home Residents could see Substantial Drop in Utilities Read More
Following a story MHProNews posted July 8, 2015 regarding the Consumer Financial Protection Bureau’s (CFPB) postponement of implementing mortgage loan transactions under the Real Estate Settlement Procedures Act (RESPA) and Truth-in-Lending Act (TILA), or TRID, Senate bill S. 1711 would provide temporary safe harbor from that enforcement. According to nationalmortgageprofessional,
Senate Bill 1711 Provides for TRID Hold-harmless Period Read More
Executive Director of the Iowa Manufactured Housing Association (IMHA) Joe Kelly tells MHProNews recent court decisions have made it more important than ever for manufactured home community (MHC) operators, regardless of their size, to have their leases and other written documents vetted by an attorney who knows real estate law
Manufactured Home Communities need Specialized Attorneys Read More
In the news from CNNMoney: Sam Zell donating $60 million to business school at U. of Michigan. New York building one of the largest Ferris wheels ever with help from the Chinese. Nuclear deal with Iran finalized, drawing yeas and nays. Microsoft launches tool to rid internet of child porn.
Skyline Loses Gains from Yesterday; MHCV, Dow Slip Read More
Luxury modular homebuilder C3 Design, Inc. in Greenwood, Mississippi has purchased Franklin Homes of Russellville, Alabama which has produced modular residential and commercial buildings for 46 years. C3 Designs owner Fred Carl, Jr. tells MHProNews he will invest in infrastructure and expansion of the Franklin line, but it will continue
Modular Alabama Homebuilder Sold to C3 Design Read More
An attempt by Danny Wyant to site three new single-section manufactured homes (MH) on his mother’s property in Waynesboro, North Carolina is being met with stiff opposition from neighbors and the city council, even though Planning Director Michael Barnes said current ordinances do not prohibit the placement. Siting of manufactured
Council Set to Deny Siting Request for three New Manufactured Homes Read More
While the tiny home movement is springing up in different parts of the country with newly-built homes and modular micro apartments ranging in size from 200 to 500 square feet, Hugh Siler has restored an original 1923 four-plex in Orange County, California, each apartment with 475 square feet. When Siler
Vintage Tiny Home Living Nearly One Hundred Years Old Read More
Updating a post MHProNews published July 6, 2015 regarding the 1.1 percent rise in production of HUD Code homes in May over May 2014, the Manufactured Housing Institute (MHI) has revised the increase to 1.6 percent, 5,828 homes over the 5,798 first reported. Additionally, production of single-section homes fell 2.5
Multi-section Home Production Rose in May Read More
In the news from CNNMoney: Oil prices rose after the announcement of the nuclear deal with Iran. Retail sales have been negative or flat in the first six months of this year, falling -0.3 percent in June compared to May. Rapper 50 Cent Files Bankruptcy. Frontier Airlines has widened the
Deer Valley Corp. Plummets; Skyline Corp. Rises; Dow Regains more Lost Ground Read More
Founded in 1923, the oldest manufactured home community (MHC) in Vermont will soon become a resident-owned community, as residents of Farrington Mobile Home Park announced they completed a deal to acquire it from the Farrington family. After months of negotiations, the North End Co-op reached terms with the family, and
Vermont Land Lease Community to become Resident Owned Read More
In thehill blog, Rep. Stephen Fincher (R-TN), a member of the House Financial Services Committee reiterates his call for the Consumer Financial Protection Bureau to support his bill to restore access to financing for manufactured home buyers. He writes, “Manufactured homes are commonly more affordable than a rent payment and
Rep. Fincher: CFPB Continues to Prevent Access to Manufactured Housing for Millions Read More
The village of Somers, Wisconsin has issued 17 violations against the Alfred and Embassy Mobile Home Park for bad skirting, dangerous stairs, tall weeds, and junk in the middle of the street that could block first responders, according to kenoshanews. Trustee Joe Cardinali said the general appearance of the community
Manufactured Home Community Hit with Multiple Violations Read More
Following a story MHProNews posted July 9, 2015 regarding the Huntsville (Texas) City Council initial vote to prohibit manufactured homes from being sited inside the city limits, unless they are in a manufactured home community, opposition to the vote has surfaced. Due to be finalized at the July 21 city
Huntsville City Council to Vote on Prohibiting Manufactured Homes from City Read More
In the news from CNNMoney: Oil prices fall as deal with Iran approaches. Landscape architects cashing in on California drought. Half of Americans are saving very little. Walmart CEO states the company is a ladder of opportunity. Oregon passes legislation to offer free community college. Meanwhile, the Yahoo Manufactured Housing
Patrick Industries Advances Smartly; Dow Regains more Lost Ground; MHCV Edges up Read More
According to dailyherald, a shortage of buildable lots is the latest blow to what has become a modest housing recovery, the National Association of Home Builders (NAHB) tells MHProNews, as 62 percent of home builders say the availability of lots is low to very low in their areas. This marks
Buildable Lots Shortage Indicates continuing Tepid Housing Recovery Read More
