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.
Calling it the “Know Before You Owe” mortgage initiative, the Consumer Financial Protection Bureau (CFPB) has updated the Department of Housing and Urban Development’s (HUD) guide to shopping for a mortgage and buying a house, which was originally called “Shopping for Your Home Loan: Settlement Costs Booklet.” The new Toolkit, …
Toolkit from Consumer Financial Protection Bureau to Aid Homebuyers Read More
The National Association of Home Builders (NAHB) tells MHProNews builder confidence for single-family, newly-built homes rose four points in April to 56 points on the NAHB/Wells Fargo Housing Market Index (HMI). Any number over 50 indicates more builders see conditions as good rather than poor. NAHB Chief Economist David Crowe …
Housing Market Index Rises to Highest Yearly Point Read More
In Massachusetts, state law Chapter 40B requires communities to have ten percent of their housing stock considered as affordable, and penalizes jurisdictions that do not. After unsuccessfully trying to get state legislative assistance in counting manufactured homes as affordable in order to meet the quota, Wareham is attempting to do …
Town Seeks Manufactured Homes Classified as Affordable to Satisfy State Read More
According to Quicken Loans March report, appraisers’ opinions of home values fell 0.40 percent below homeowners opinions last month, as homeowners continue to overvalue their homes. In addition, the national Home Value Index indicates home values dropped 0.56 percent in March, consistent with most metro areas that saw little change …
Home Values Rise Over 2014 but Change Little Month to Month Read More
The U. S. House of Representatives passed the Preserving Access to Manufactured Housing Act this afternoon, 263 to 162 with six members not voting. The following is the roll call. FINAL VOTE RESULTS FOR ROLL CALL (Republicans in roman; Democrats in italic; Independents underlined) H R 650 YEA-AND-NAY 14-Apr-2015 5:55 …
HR 650 -Preserving Access to Manufactured Housing Act-Passed House Read More
The International Monetary Fund predicts the U. S. Economy will grow three percent this year, the best year since 2005, as Cuba is removed form the U. S terror list and oil rises above $53 per barrel. On the Big Board: The Dow Jones Industrial Average advanced +0.33 percent, +59.66 …
Manufactured Housing Stocks Close Mixed; MHCV Slips Read More
Fannie Mae has just announced the launch of its HomePath Ready Buyer program under which first-time home buyers can receive up to three percent of the purchase price of the property in closing cost assistance towards the overall price. This amounts to a $4,500 savings on a $150,000 home, as …
First-Time Homebuyer Assistance Offered by Fannie Mae Read More
As a promotional event throughout the month of April, 2015, Clayton Homes is offering to buy out the remaining portion of a renter’s lease as an incentive to purchase a home from Clayton. As buildingonline tells MHProNews, Clayton will pay the landlord directly for the cost of ending the lease …
Manufactured Home Producer Clayton Homes Offers Lease Breaker Promotion Read More
From Great Britain, westerngazette.uk informs MHProNews that Derek Yeomans, a candidate for South Somerset District Council in the Burrow Hill ward, states modular housing is the only way to solve the housing crisis in South Somerset. “Modular homes are wooden in construction. All the walls are made to a specific …
District Council Candidate Pushes for Modular Housing in UK Read More
From Emmett, Idaho businesswire informs MHProNews of the Q2 fiscal year results for T.J.T. Inc., a provider of axles, tires and set-up materials to the manufactured housing industry. Net sales rose 14 percent from $1,266,699.00 in the same quarter last year to $1,440,024 this quarter. Sales resulted in a net …
Manufactured Housing Industry Supplier, T.J.T., Reports Quarterly Results Read More
While many in the financial markets expect the Federal Reserve will not raise interest rates until September, the larger concern is the pace of how the rates will rise following the first adjustment. Monthly? Quarterly? 2016? In any case, on the Big Board the first day of the new weeks’ …
Deer Valley Plummets -52.31 Percent; MHCV Edges Down -0.24 Percent Read More
Updating a story MHProNews published July 21, 2014, regarding modular housing units for students at Mississippi Valley State University (MVSU), dailyjournal tells MHProNews the school has raised its budget $1.1 million to cover the cost of buying and installing the units. The school had miscalculated by 50 the number of …
School Raises Budget to Cover Modular Housing Costs Read More
Writing in Manufactured Home Living News, MHProNews publisher L. A. “Tony” Kovach says those opposed to the passage of the Preserving Access to Manufactured Housing Act, H. R. 650, which is scheduled to reach the House Floor for a vote this Tuesday, are fueling the mainstream media with misinformation about …
H. R. 650 will Lead to More Jobs, More Quality, Affordable Housing Read More
A planned $1.85 billion Northern Plains Nitrogen (NPN) plant for Grand Forks, North Dakota will draw 2,000 temporary workers to construct the facility over a 36 month period. With stories of increased crime rates coming from the other end of the state 330 miles away where thousands of oil patch …
Modular Work Camp may be Needed for Nitrogen Plant Construction Read More
In this week’s news, although we did not cover it, we are reminded of the power of nature as a tornado devastated a small town in Illinois. Otherwise, H. R. 650 may hit the House Floor this week. Can Tiny Homes site in MHCs? Modular housing being weighed in Boston, …
Sunday Morning Recap–April 5, 2015 to April 11, 2015 Read More
Following a story MHProNews last published March 11, 2015 about affordable modular homes on the planning board in Bluffton, South Carolina, the town’s Affordable Housing Committee voted to recommend to the Town Council a series of six modular homes by R-Anell Homes. The goal is to encourage redevelopment of blighted …
South Carolina Town Seeking Affordable Modular Housing Read More
As follow-up to a post MHProNews reported Sept. 24, 2014 regarding the stand-off between Forest City Ratner and Skanska over the 32-story Brooklyn modular housing complex—now called Pacific Park Brooklyn– partially completed, theguardian states construction will resume. Forest City had accused Skanska of cost overruns, while Skanska leveled charges of …
Brooklyn’s B2 Modular Tower to Resume Minus Modular Read More
The Mobile Home Review Board in Vista, California was created by the city to hear disputes between manufactured home community residents and community owners, and to encourage fair treatment, as thecoastnews informs MHProNews. Three residents of the Green Valley Mobile Home Park had a hearing with the board April 2, …
Review Board agrees with Manufactured Home Community Owner Read More
On the Big Board, corporate America is celebrating that Cuba will be removed from the terrorist list, as investors pushed the Dow Jones Industrial Average over the 18k mark, gaining +98.22 points, +0.55 percent, to end the week at 18,057.65. The NASDAQ moved up +21.41points, +0.43 percent, to close at …
MHCV Slips as Investors Drive the Dow, NASDAQ and S&P into Positive Territory Read More
Noting that HUD Code manufactured homes can withstand winds up to 120 MPH, and that it’s the add-ons, typically a carport or porch, that may present a danger during windstorms, Victor Frost of Fairfield Homes and Land gives this analogy: “It is like opening a pop top can where you …
MH Retailer Fairfield Homes and Land High Standards attract local media attention Read More
