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.
The Dow Jones Industrial Average started the day tumbling and never climbed back up, with stocks all across the world plummeting as concerns grew about margin trading in China and whether or not Greece will pay its debt. Additionally, Bloomberg trading terminals quit in London, and while they came back […]
Dow Plummets as Most Tracked Stocks Drop Read More
The National Association of Home Builders (NAHB) urged federal regulators and Congress to ease tight mortgage standards so that credit worthy borrowers could contribute to a stronger recovery of the housing market. NAHB Chairman Tom Woods testified before the Senate Banking Committee that was examining barriers to obtaining mortgage credit.
NAHB Appeals to Congress to Ease Credit for Homebuyers and Contractors Read More
Established by Innovative Education Partnership, Inc., in collaboration with Clayton Homes and Executive Director Pat Bradley in 2013, the Clayton-Bradley Academy is entering Phase II of its three-point plan. The STEM (Science, Technology, Engineering and Math) school will be constructing a 35,000-square-foot building to house administrative offices, classrooms, a full-size
Clayton-Bradley Academy Expanding for Added Enrollment Read More
Construction of modular, multifamily apartment building Hilltop House began in mid-summer, and 7 1/2 months later it was open for occupancy in Winston-Salem, North Carolina. Champion Home Builders, Inc. built the 52 modules in 36 days, and it took eleven days to site the 65 apartments in an historic neighborhood
Modular Multifamily Apartments is a Growing Attraction for Urban Areas Read More
The National Association of Home Builders (NAHB) tells MHProNews housing starts rose two percent to a seasonally-adjusted annual rate (SAAR) of 926,000 units in March, according to data from the U. S. Department of Commerce. Single-family home production increased 4.4 percent to a SAAR in March of 618,000; multifamily starts
Housing Starts Inch Up Two Percent; Housing Permits Fall 5.7 Percent Read More
A 118-unit modular apartment building complex is back on track in midtown Sacramento, California after the original module builder was replaced by Idaho-based Guerdon Enterprises. The Eviva Midtown apartments, originally scheduled to be built by Zeta Communities in North Highlands, California, have been redesigned with a more residential look, according
Modular Apartment Complex in Restart Mode in California Read More
Following DVLY’s huge gain yesterday, the stock remained unchanged in today’s trading. Despite the day’s loss, the Dow is still +10.23 percent above one year ago, as tracked stocks close mixed or even. On the Big Board: The Dow Jones Industrial Average slipped +0.04 percent, -6.84 points to end the
Earnings Worries Drop Dow; MHCV Dips -0.61 Percent Read More
MHPronews has learned from housingwire a bipartisan majority of the House of Representatives voted to increase transparency of the Consumer Financial Protection Bureau (CFPB). The Bureau Advisory Commission Transparency Act, H. R. 1265, sponsored by Rep. Sean Duffy, (R-WI) received 401 votes with only two opposed, that would subject the
House Votes Overwhelmingly to Increase CFPB Transparency Read More
Mary McBrady, the Executive Director of the Massachusetts Manufactured Housing Association (MMHA) informs MHProNews that newly-elected 6th District Congressman Seth Moulton of MA broke ranks with Democrats to vote in favor of H. R. 650 Preserving Access to Manufactured Housing in its 263 yeas to 162 nays victorious passage in
Rep. Seth Moulton Breaks Ranks with Dems on H. R. 650 Read More
According to an interview with Federal Reserve Vice Chair Stanley Fischer, although the economy in the first quarter was “poor,” he says the rebound is already underway with wage increases. The bond market turned negative on these remarks, according to what cnbc tells MHProNews, fearing interest rates will move up
Federal Reserve’s Fischer says the Fed will be Temperate in its Movement on Interest Rates Read More
Collating data on rising home prices, affordability, strong housing demand, and excellent economic demographics, housingwire tells MHProNews Auction.com has chosen the five top single-family housing markets. Auction.com Executive Vice President Rick Sharga says, “As the U.S. housing market has continued to recover from the Great Recession, we’ve seen significant regional
Two of the Top Five Single-family Housing Markets Live in Texas Read More
Noting that 15 percent of the population of Michigan is 65 and older, Bryon Stroud, board member of the Michigan Manufactured Housing Association (MMHA), says manufactured homes can be built to accommodate people at all ages and stages of health. Known as universal design, features can include wider interior and
Many Manufactured Homes Needing Assistive Devices for Elderly and Handicapped Read More
Oil hits $56 per barrel, its highest mark of the year, China’s economic growth falls to slowest rate in six years, and Smith & Wesson stock has risen 50 percent this year.. On the Big Board: The Dow Jones Industrial Average advanced +0.42 percent, +75.91 points to end the day
Deer Valley Skyrockets over 100%; MHCV Outpaces Dow Read More
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
