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.
Donald Salmon of TBI Mortgage says private investors are beginning to buy mortgages written just for self-employed borrowers who put down 30 percent and have good credit scores. Instead of looking at paychecks, they examine a twelve-month bank statement to determine if the borrower can afford the home, nationalmortgagenews.com reports. […]
Loans Moving from FHA to Fannie and Freddie; Freddie Inaugurates MHC Loan Read More
Federal Housing Finance Agency (FHFA) Director Mel Watt told a gathering of the American Mortgage Conference he supports the merger of Federal Home Loan Banks (FHLB) but wants to gather more information before giving required approval, and is currently offering a consultative role to FHLBs in Seattle and Des Moines
FHFA Director Watt Favors FHLB Mergers Read More
The Falkville Town Council in Alabama held a public hearing concerning changing the zoning ordinance for manufactured homes (MH) to allow subdivisions of MH in new areas zoned MH-S, according to hartselleenquirer.com. The ordinance will continue to allow manufactured homes in residential R-1 and R-2 or agricultural zones AG-1 on
Alabama Town Attracting Manufactured Home Subdivisions Read More
The winner of Clayton Homes’ Enjoy Life Sweepstakes will receive two tickets to Super Bowl XLIX in Arizona Feb. 1, 2015, including air fare and a four-day, three-night stay in a hotel. To be eligible you must enter by noon, Sept. 30, according to nassualivenews.com. The second prize is a
Super Bowl Tix are Top Prize in Clayton Sweepstakes Read More
According to CNNMoney.com, 40 million Americans now have student loan debt, reports credit bureau Experian, an increase from 28 million in 2008; and the amount of debt has risen from $23,000 to $28,000 during that same period. Total student loan debt now stands at $1.2 trillion, an all-time high and
Rising Student Loan Debt—Pathway to Manufactured Housing? Read More
As the Israeli-Palestinian and the Ukraine-Russia conflicts abate somewhat, the Ebola crisis in Africa grows and the terrorist threat in Iraq looms larger, but on the Big Board today, the three major indexes all made modest gains, while tracked stocks closed mixed or even, as CNNMoney tells MHProNews. The Dow
Cavco Gains, Berkshire Remains above 200k, S&P Shy of 2,000 Read More
National Association of Home Builders Chairman Kevin Kelly commends the House of Representatives for passing legislation championed by Rep. Steve Southerland (R-Fla) that curtails the reach of the U. S. Army Corps of Engineers and the Environmental Protection Agency (EPA) over waters of the U. S. Specifically, HR 5078, the
House Passes Legislation Limiting EPA and Corps Intrusion onto Buildable Land Read More
Thirteen modular kit homes sold through the Sears, Roebuck & Co. catalogue from 1908 to 1940 remain in good shape in Alabama. According to al.com, several are twin homes set side-by-side; in one case the homes were built by a man for his two daughters. The two ten-room Magnolia Mansions
Sears Homes were Early Modular Homes Read More
Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (KMP.TO) announces it is acquiring a 50 percent stake in a 152-unit apartment building in Ottawa, Ontario, called Kanata Lakes Apartments II, in a joint venture with affiliates of KingSett Capital, Inc. and AIMCo Realty Investors LP. Killam’s 50 percent share of the
Canada’s MHC Owner Killam Acquires Interest in Apartments Read More
Australian builder Nova Deko, realizing that shipping containers are overbuilt in terms of converting them to homes, is taking advantage of the transportation handling system that made globalism happen by building modular homes in China the same size as containers so they can be easily transported. Built in a factory
Chinese Modular Homes Made Shippable like Containers Read More
The board of directors of Equity LifeStyle Properties, Inc. (NYSE:ELS) declared a quarterly dividend of $0.325 per common share, representing an annual dividend of $1.30 per share, according to wallstreetscope.com. The dividend will be paid Oct. 10, 2014 to shareholders of record on Sept. 26, 2014. In today’s trading, Sept.
Equity LifeStyle Properties Board Declares Dividend Read More
According to Harvard University’s Joint Center on Housing, the nation is poorly prepared to house aging Baby Boomers, especially those disabled. An added problem is one-third of those aged 50 and older spend more than 30 percent of their income on housing; some boomers who still have a mortgage on
Where will the Baby Boomers Live as they Age? Read More
The number of American families who own stocks has fallen from 21.2 percent in 2001 to 13.8 percent, according to what CNNMoney tells MHProNews, noting some families had cut their exposure to stocks in order to pay household bills, while those with higher incomes are buying stocks because the bull
Deer Valley Drops; Dow, Nasdaq, S&P Slip; Stock Ownership Falls Read More
For a new approach to cliffside dwelling, Modscape Concept designed this five-story modular home for a couple on the Southwest Coast of Victoria, Australia, according to hillpost.in (India). The top floor is for a carport for two cars, and the only entryway to the home. An elevator provides access to
Modular Home Hangs Above Water Read More
PayNearMe and ManageAmerica are partnering to allow manufactured housing residents pay their rent and other housing costs with cash at a network of 17,000 convenience stores nationwide, according to marketwatch.com. The funds are immediately guaranteed to management, the resident receives a receipt, and the transaction takes under a minute, like
7-Eleven and Family Dollar to take MHC Resident Rent Read More
The Michigan Manufactured Housing and Recreation Vehicles and Campgrounds Association (MMHA) announces their new board of directors for 2014-2015, as sys-con.com informs MHProNews. President — Jim Hoekstra, Sun Communities Vice President — Don Westphal, Donald C. Westphal Associates Secretary — Andy Blank, Franklin Companies Treasurer — Steve Francis, Rudgate/Infinity Billing
Michigan MH Association Chooses Sun’s Jim Hoekstra Read More
In anticipation of the 5th anniversary celebration of MHProNew’s service to the factory-built housing industry, Howard Walker, Vice-Chairman of Equity Lifestyle Properties (ELS), sent this message with his okay to quote: “The emergence of Tony Kovach’s group of publications has brought a new standard of professionalism to the industry. The
The Big 5 Point 0 Rapidly Approaching Read More
With half a million manufactured homes in the northwest, and over 200,000 in Washington state, an energy efficient manufactured home prototype funded by Puget Sound Energy (PSE), Habitat for Humanity Seattle-King County, and Bonneville Power Administration (BPA) could help northwest utilities meet future energy conservation goals. The home, built for
Energy Efficient Manufactured Home could Save Thousands Annually Read More
Updating a story MHProNews posted Sept. 3 regarding the increase in production of manufactured homes for July, 2014 over the previous July, the Manufactured Housing Institute (MHI) adds that 8,554 floors were shipped in July, an increase of 14.6 percent over July 2013. The seasonally adjusted annual rate (SAAR) of
July Floors Rise; Plants and Producers Hold Steady in June Read More
Stocks remained flat in today’s trading CNNMoney tells MHProNews, as the market holds its breath in anticipation of Alibaba’s IPO, expected to be the biggest IPO in U. S. history. Additionally, CNNMoney created its own portfolio of the most important tech stocks, the CNNMoney Tech 30. Meanwhile, the Dow and
CNNMoney creates own Tech Stock Index; Cavco Gains, Carlyle Slips Read More
