Manufactured and Modular Housing News

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.

Affordable Housing Irony – hundreds on WilCo waiting list – near MH Production Centers

By / / Manufactured and Modular Housing News

“We obviously … have to have more affordable housing,” Nikki Brennan, executive director of the Georgetown Housing Authority, said. “I think [the need is] pretty much all over Williamson County [WilCo]” ImpactNews tells MHProNews that WilCo has some 500 people on the public housing waiting list, and more than 600 […]

Affordable Housing Irony – hundreds on WilCo waiting list – near MH Production Centers Read More

“From Moscow, with Love?” Lawsuit advances against Manufactured Home Community Owner

By / / Manufactured and Modular Housing News

Residents of Syringa Mobile Home Park near Moscow-Pullman, Idaho have been in a struggle that bubbled up over their need for drinkable water and other issues. This began last winter, and resident Doris Carlson told KREM News that “I have wept an awful lot because I am tired of living

“From Moscow, with Love?” Lawsuit advances against Manufactured Home Community Owner Read More

CFPB: What’s the difference between being pre-qualified and pre-approved for a loan?

By / / Manufactured and Modular Housing News

Amy Tierce, writing in the NationalMortgageNews, tells MHProNews that the CFPB’s website gives an answer to the question, What’s the Difference between being pre-qualified and pre-approved for a mortgage? but that the CFPB’s answer is not, Tierce says, “the full story.” Some lenders have decided, she says, to “not issue pre-approval letters due

CFPB: What’s the difference between being pre-qualified and pre-approved for a loan? Read More

Australian Modular Home Built to Resist Bushfires

By / / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

A steel and glass-structured modular home with non-combustible fiber cement floor panels is designed to resist bushfires in the Australian outback, as well as to collect rainwater to use in the event of a fire. The modular Supashak is made to be transportable across Australia and adaptable to a variety

Australian Modular Home Built to Resist Bushfires Read More

Existing-home Sales Show Modest Gains

By / / Business, Economy, home buyers, Manufactured and Modular Housing News

Although existing home sales rose 2.4 percent from last month to a seasonally-adjusted annual rate of 5.15 million in July, the highest rate of 2014, they are down 4.3 percent from last year, according to housingwire.com. Last July’s 5.38 million unit level, the highest for 2013, includes single-family homes, condos,

Existing-home Sales Show Modest Gains Read More

100 Tiny Homes Set for Portland, Oregon

By / / Communities, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Tiny houses may soon fill four micro communities to house the homeless and low-income residents in Portland, Oregon, according to oregonlive.com. The 192 square-foot products of TECHDWELL, which are made partly of recycled materials and cost around $12,000 to build, would be sited on public land in pods of 25

100 Tiny Homes Set for Portland, Oregon Read More

New 55 & Older MHC Opening in Michigan

By / / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

A new manufactured housing community (MHC) is being developed in Courtland Township in western Michigan on the site of a former MHC, and the 55 and older community may eventually include up to 700 two and three-bedroom homes. The Oaks of Rockford will begin with 150 homesites at $375 a

New 55 & Older MHC Opening in Michigan Read More

Prospective Manufactured Home Buyer Seeks Lender

By / / Business, Communities, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Small Business

A post on mortgagegrapevine.com reports someone attempting to buy a manufactured home in a community in Southern California is seeking a lender. The borrower is asking for $269,500, has full documentation, a FICO score of 569, and the loan-to-value ratio is 70 percent. MHProNews offers excerpts from two of the

Prospective Manufactured Home Buyer Seeks Lender Read More

Manufactured Home Wire Supplier Presenting at Investor Conference

By / / Business, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, People

The IDEAS Investor Conference to be held Tue., Aug. 26 in Chicago will feature Encore Wire Corporation’s (NASDAQ:WIRE) Chief Financial Officer Frank J. Bilban presenting his company’s investment merits to an  audience of investment professionals who combined have over $200 billion of assets under management. IDEAS Conferences, which are also

Manufactured Home Wire Supplier Presenting at Investor Conference Read More

Professor Specializes in Affordable Housing, Moves to U. of New Mexico

By / / Awards, Factory-Built Homes, Green, Manufactured and Modular Housing News, Modular, People

John Quale, an expert in sustainable and affordable housing, who previously served as director of the graduate architecture program at the University of Virginia, has been appointed director of the architecture program in the University of New Mexico School of Architecture and Planning, according to unm.edu. His specialty is in

Professor Specializes in Affordable Housing, Moves to U. of New Mexico Read More

Demand for Multifamily Units Continues to Expand

By / / Business, Economy, Manufactured and Modular Housing News, Trends

Commercial real estate company CBRE reports multifamily demand in the U S. continued to gain momentum in Q2 2014 as the job market improved and more households are shifting to renting instead of buying. Net absorption grew by an annual rate of 276,200 units, or 1.9%, on a year-over-year basis,

Demand for Multifamily Units Continues to Expand Read More

Third Avenue Gains the Most, Patrick Slides Among Tracked Stocks

By / / Business, Manufactured and Modular Housing News, Stocks

Stocks were mixed in today’s trading as the Dow Jones Industrial Average edged up +0.35 percent, +59.54 points, to close at 16,979.13, as the Nasdaq was mostly flat, losing -0.02 percent, -1.03 points to end at 4,526.48. The S&P 500 nudged up +4.91 points, +0.25 percent, to close at 1,986.51,

Third Avenue Gains the Most, Patrick Slides Among Tracked Stocks Read More

Sam Zell: Going Head-to-Head with Former Partner?

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

Equity LifeStyle Properties (ELS)/Equity Residential Chairman Sam Zell is seeking to raise $600 million for investments in emerging markets in India, China and Latin America, and may be competing with his former partner at Equity Residential, Gary Garrabrant, who left Equity suddenly in 2012, according to therealdeal.com. Garrabrant, who founded

Sam Zell: Going Head-to-Head with Former Partner? Read More

Modular Shipments Fall in Q2 2014

By / / Business, Economy, Factory-Built Homes, Manufactured and Modular Housing News, Modular

According to the Manufactured Housing Institute (MHI), the National Modular Housing Council (NMHC) reports 3,543 new modular homes were shipped in the second quarter of 2014, a drop of 7.7 percent from the same quarter in 2013. As MHProNews has learned, compared to the same quarter of 2013, results for

Modular Shipments Fall in Q2 2014 Read More

Very Small Homes Catching Public Eye

By / / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular

The tiny home movement stretches from do-it-yourself models to made-to-order units to converted shipping containers and old cable cars from San Francisco. Pictured is a railroad car in Montana with a studded leather couch and chair and wood-grain floor and ceiling, offset by modern stainless-steel appliances. Compared to the cost

Very Small Homes Catching Public Eye Read More

Former Modular Home Plant now Makes Pallets

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Small Business

The facility that was headquarters for modular home builder Pittsville Homes for 40 years in Pittsville, Wisconsin has been sold to Hay Creek Pallet Co., which was renting part of the building as the modular home business declined and the owner, Jim Hoogesteger, decided to retire, according to wisconsinrapidstribune.com. In

Former Modular Home Plant now Makes Pallets Read More

All-cash Home Sales Fall Nationally, Save Several Metros

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to RealtyTrac, all-cash deals comprised 38 percent of all home sales in the second quarter of 2014, a drop from 42 percent in Q1 2014, as institutional buyers—those buying at least ten homes annually—are finding good deals drying up. They accounted for 4.7 percent of all home sales, a

All-cash Home Sales Fall Nationally, Save Several Metros Read More

Single and Multifamily Housing Starts Rise in July

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Spurred by strong single-family and multifamily growth, housing starts for July rose 15.7 percent to a seasonally-adjusted annual rate (SAAR) of 1.093 million units, the highest rate since Nov. 2013, as reported by the U. S. Department of Housing and Urban Development (HUD) and the U. S. Census Bureau. According

Single and Multifamily Housing Starts Rise in July Read More

Skyline Reverses Recent Losses, Regains Five Percent

By / / Business, Manufactured and Modular Housing News, Stocks

Despite recent cautions that the stock market is due for “a correction,” the three major indexes all traded higher on the day, each gaining up to one half of one percent, adding a positive twist to yesterday’s gains, according to what CNNMoney tells MHProNews. The Dow Jones Industrial Average gained

Skyline Reverses Recent Losses, Regains Five Percent Read More

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