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 Department of Energy is considering new efficiency rules, download linked here, for residential non-weatherized gas furnaces and “mobile home” gas furnaces. The Energy Department’s Office of Energy Efficiency and Renewable Energy announced Wednesday it will hold a public meetings to discuss the proposed rules. This comes after a federal …
New Rules for Gas Furnaces from Department of Energy Read More
Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle (“RV”), manufactured housing (“MH”) and industrial markets, reported its financial results for the third quarter and the nine months which ended September 28, 2014. CNN Money tells MHProNews that net sales …
Financial regulators released the final Qualified Residential Mortgage rule (QRM) definition, intended to limit the risky credit lending that kicked off the housing crisis originally, and dropped the 20 percent down payment requirement that would have necessitated lenders keep five percent “skin-in-the-game.” Instead lenders have to meet the general definition …
After residents of a West Spokane, Washington manufactured home community (MHC) complained of dangerous conditions, the city said exposed wires presented a fire hazard and the community needs to be brought up to code, according to krem. “It’s the property owner’s responsibility to make sure that he’s providing for conditions …
Manufactured Home Community Needs to be Brought up to Code Read More
The stock market ended the week and October, 2014 on a high—the Dow Jones Industrial Average and the S&P 500 closed at records highs, the Nasdaq hit the highest point since 2000. Dow Jones Industrial Average 17,390.52 +195.10 (+1.13%). Nasdaq 4,630.74 +64.60 (+1.41%). S&P 500 2,018.05 +23.40 (+1.17%). The Yahoo! …
Homegoods retailer Muji in Japan has entered the modular housing business, according to gizmodo.com.au, adding modular homes to its line of 7,500 housewares. Japanese homes last on average 38 years (100 years in U. S.) because people there prefer to tear down existing buildings and build to their own specs. …
Japanese Retailer Muji adds Modular Homes to Homegoods Read More
The 2014 Active Transportation Plan (ATP) of Calistoga, California originally included a pedestrian and bicycle pathway that wound around the Calistoga Springs and Chateau Calistoga manufactured housing communities (MHCs), but residents of the communities are overwhelmingly against the path. Seniors in the communities have safety and privacy concerns, leading the …
Manufactured Home Community Residents turn back Adjacent Path Plan Read More
When the temperatures drop in wintertime, owners of Manufactured Homes reap a great benefit, lower heating bills. One of the top trends driving today’s housing market is the demand for energy-efficient homes that don’t sacrifice comfort for quality. Here’s what is trending for 2015 and beyond. “Because of the way …
Manufactured Homes Soar in Energy Efficiency, says University of Michigan Read More
The Del Oro Water Co., which serves the Quail Trails Village Mobile Home Park in Paradise, California, in responding to resident’s complaints about the foul-smelling water, says that because of the water shortage, more chemicals are needed to treat the existing water. But the company adds that it is bacteria …
Oil selling on the world market for $83 a barrel is bad news for Iran, Nigeria, Russia, Venezuela and Saudi Arabia, who all depend on oil selling above a certain level. Iran’s budget, reports CNNMoney, is based on oil at $135 a barrel, while the Saudis can withstand oil at …
Liberty Homes Keeps Falling, losing -20 percent today Read More
Derek Tansell and his partner Sharon Snook were denied the right to site a manufactured home in a rural area of Chapmansdale Parish, England, in order for someone to live on the premises and take care of the couple’s alpacas, ponies, chickens, horses and ducks. According to fromestandard, the couple …
Application for Manufactured Home to Tend Animals Questioned Read More
With the mid-term elections just a halfway point to the 2016 Presidential Election, the topic of donations to candidates once again has us in disbelief in the obvious padding of campaign war chests from Goliath donors. Foster’s Daily Democrat are among those telling MHProNews that it’s no secret that poorly funded …
Accessing Washington’s Political Power Brokers? Open your Vault. Read More
The 13- to 17-year-olds of “Generation Z” believe homeownership is more important than graduating from college, getting married or having children. Inman reports to MHProNews that teens in the survey indicated that they’d give up perks like video games, eating out, social media or music downloads if it meant affording any house they …
Frontier Housing, a non-profit affordable housing steward in Morehead, Kentucky that offers factory-built homes as one of its options, is celebrating its 40th anniversary of providing housing solutions in northeastern Kentucky Nov. 15 at the Morehead Conference Center. Following entertainment and dinner, three awards will be announced: the Amanda Yarber …
The 2by4 Architects design firm in the Netherlands has developed a series of three small modular houses, each a little larger than the previous one. The tiny mods have wooden walls, frame and roof. They include an electric heat pump system, as well as optional off-grid components such as a …
Dutch Mini Homes start at $95,000 for Smallest Model Read More
According to 10news, San Diego County in California has approximately 2,000 homeless military veterans and many more who are low income. V Micro Communities President Bill Rigdon says he can build a 140 modular unit rental development in nine months, but permits through the city could take three years. Rigdon …
Following up on a story MHProNews last posted Sept. 26, 2014 regarding the acquisition of Skyline Corporation’s RV sector by EverGreen Recreational Vehicles, Skyline’s board of directors’ Special Committee has retained Western Reserve Partners LLC for financial advice and Ice Miller LLP of Indianapolis for legal advice to evaluate strategic …
Skyline Hires Advisors for Financial and Legal Guidance Read More
The Federal Reserve has announced the end of its Quantitative Easing program to stimulate the economy after six years of buying up bonds, but says it will not likely raise interest rates until next year. Dan Greenhaus, chief strategist at market research firm BTIG in New York, says, “It’s in …
Luci Ellis, the Australian Reserve Bank’s head of financial stability, addressing a Sydney University urban planning forum, says housing crashes do not increase affordability. “Housing prices are lower, yes, but capacity to pay is also lower,” she notes. Professor Kirk McClure of the University of Kansas, while noting the U. …
Australia Taking Lessons from U. S. Housing Crisis Read More
Instrumental in the formation of the Consumer Financial Protection Bureau (CFPB) and a strong proponent of financial reform, U. S. Senator Elizabeth Warren (D-Massachusetts), noting the rise in non-bank mortgage servicers, is asking the Government Accountability Office (GAO) to investigate the risks to consumers. A report by the Federal Housing …
Senator Elizabeth Warren Raises Concerns over non-bank Mortgage Servicers Read More
