Manufactured and Modular Housing News

Many Manufactured Homes Needing Assistive Devices for Elderly and Handicapped Read More

Many Manufactured Homes Needing Assistive Devices for Elderly and Handicapped

By Matthew Silver / April 15, 2015 / home buyers, Manufactured and Modular Housing News, Manufactured Homes

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

Deer Valley Skyrockets over 100%; MHCV Outpaces Dow Read More

Deer Valley Skyrockets over 100%; MHCV Outpaces Dow

By Matthew Silver / April 15, 2015 / Business, Manufactured and Modular Housing News, Stocks

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

Toolkit from Consumer Financial Protection Bureau to Aid Homebuyers Read More

Toolkit from Consumer Financial Protection Bureau to Aid Homebuyers

By Matthew Silver / April 15, 2015 / Advocacy, Finance, home buyers, Manufactured and Modular Housing News, regulation

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,

Housing Market Index Rises to Highest Yearly Point Read More

Housing Market Index Rises to Highest Yearly Point

By Matthew Silver / April 15, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

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

Town Seeks Manufactured Homes Classified as Affordable to Satisfy State Read More

Town Seeks Manufactured Homes Classified as Affordable to Satisfy State

By Matthew Silver / April 15, 2015 / Communities, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

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

Home Values Rise Over 2014 but Change Little Month to Month Read More

Home Values Rise Over 2014 but Change Little Month to Month

By Matthew Silver / April 15, 2015 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Trends

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

HR 650 -Preserving Access to Manufactured Housing Act-Passed House Read More

HR 650 -Preserving Access to Manufactured Housing Act-Passed House

By Matthew Silver / April 14, 2015 / Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

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

Manufactured Housing Stocks Close Mixed; MHCV Slips Read More

Manufactured Housing Stocks Close Mixed; MHCV Slips

By Matthew Silver / April 14, 2015 / Business, Manufactured and Modular Housing News, Stocks

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

First-Time Homebuyer Assistance Offered by Fannie Mae Read More

First-Time Homebuyer Assistance Offered by Fannie Mae

By Matthew Silver / April 14, 2015 / Finance, home buyers, Manufactured and Modular Housing News

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

Manufactured Home Producer Clayton Homes Offers Lease Breaker Promotion Read More

Manufactured Home Producer Clayton Homes Offers Lease Breaker Promotion

By Matthew Silver / April 14, 2015 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

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

District Council Candidate Pushes for Modular Housing in UK Read More

District Council Candidate Pushes for Modular Housing in UK

By Matthew Silver / April 14, 2015 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

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

Manufactured Housing Industry Supplier, T.J.T., Reports Quarterly Results Read More

Manufactured Housing Industry Supplier, T.J.T., Reports Quarterly Results

By Matthew Silver / April 14, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

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

Deer Valley Plummets -52.31 Percent; MHCV Edges Down -0.24 Percent Read More

Deer Valley Plummets -52.31 Percent; MHCV Edges Down -0.24 Percent

By Matthew Silver / April 13, 2015 / Business, Manufactured and Modular Housing News, Stocks

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’

School Raises Budget to Cover Modular Housing Costs Read More

School Raises Budget to Cover Modular Housing Costs

By Matthew Silver / April 13, 2015 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

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

H. R. 650 will Lead to More Jobs, More Quality, Affordable Housing Read More

H. R. 650 will Lead to More Jobs, More Quality, Affordable Housing

By Matthew Silver / April 13, 2015 / Business, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

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