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 Manufactured Housing Institute (MHI) reports the Obama Administration’s 2015 budget proposes $10 million to fund the HUD (Housing and Urban Development) Manufactured Housing Construction and Safety Standards program, and HUD intends to increase the label fee to $100 per floor. Under the proposal, as MHProNews .com has learned, instead …
The commissioners of Quincy, Florida, discussed the foundations and locations for modular homes in the city at a workshop March 4, trying to insure they have the appearance of a site-built home. Building inspector Clyde Collins said they need to have either a monolithic foundation or a solid foundation with …
The government’s jobs report indicating the economy created 175,000 jobs last month, more than analysts expected, initially buoyed stocks in today’s trading, but those gains mostly drifted away by day’s end. CNNMoney reports the Dow Jones Industrial Average nudged up +30.83 points, +0.19 percent, to end the day at 16,452.72. …
Patrick Industries Advances the Most in a Lackluster Day of Trading Read More
A company in Troy, Michigan that provides appraisal management services for the real estate industry, including modular home companies, has seven positions open in operations and sales and is seeking summer interns. According to semichiganstartup.com, Dart Appraisal employs 43 people, and hired 14 people in the last year. MHProNews.com has …
In a survey that includes 41 million single-family mortgages across the country, accounting for 88 percent of all mortgages serviced, the Mortgage Bankers Association (MBA) reports oil boom state North Dakota has the lowest foreclosure starts rate in the country for Q4 2013 at only 20 basis points. The state …
Fracking Oils the Mortgage Industry in North Dakota Read More
A Cheektowaga, New York senior housing community is being acquired by Northstar Realty Finance Company, a New York City-based real estate investment trust (REIT) and owner of a portfolio of manufactured housing communities. Syracuse-based Peregrine Senior Living is selling Peregrine’s Landing LLC for $12.5 million, buffalonews.com reports. As MHProNews.com posted …
MHProNews.com has learned modular builder Britco of Langley, British Columbia (BC) will supply modular housing for the athletes competing in the Canada Winter Games in Prince George, in east central BC, in 2015. Following the competition, four of the modular units will be transformed into libraries for First Nations communities …
Despite the political drama unfolding in the Crimea Peninsula between Russia and western powers, the S&P 500 rose to a new high, while the Dow made modest gains and the Nasdaq fell slightly. CNNMoney reports the Dow Jones Industrial Average nudged up 61.71 points, +0.38 percent, to end the day …
Berkshire Hathaway Gains 3,520 Points; S&P Hits New High Read More
Once an online platform for selling only distressed real estate, Auction.com touts itself as being the leader in online real estate sales, including high quality commercial properties. Sources in Auction.com tell MHProNews.com Google has purchased the company, which sold over 35,000 properties, residential and commercial, in 2013 valued at more …
MHProNews has been informed that officials at the Manufactured Housing Institute (MHI) and industry leaders are cheering the appointment of Pamela Beck Danner as the new Administrator for the Office of Manufactured Housing at the Department of Housing and Urban Development (HUD). In the 1980’s Ms. Danner served as counsel …
Pamela Beck Danner to Head the Office of Manufactured Housing at HUD Read More
MHProNews.com has learned from northjersey.com 25 families living in Federal Emergency Management Agency (FEMA) manufactured homes as the result of Hurricane Sandy are facing an April 30 move-out date, although some have been told they must leave by April 1. That is when FEMA’s temporary assistance program will expire for …
Time Running Out on FEMA’s Manufactured Home Assistance Read More
Following a story MHProNews.com last posted Jan. 17, 2014 regarding the Clayton-Bradley Academy on the campus of manufactured home producer Clayton Homes in Maryville, Tennessee, thedailytimes.com reports the Academy and Maryville College have partnered in an exchange of resources. Maryville College will offer access to its academic and athletic facilities …
Clayton-Bradley Academy partners with Maryville College Read More
According to CoreLogic, U. S. home prices increased in January by the strongest margin in seven years, up 12 percent from the previous Jan., marking the 23rd consecutive month of yearly increases, worldpropertychannel.com reports. Said Dr. Mark Fleming, chief economist for CoreLogic, “The last time January month-over-month and year-over-year price …
Canterbury Earthquake Recovery Minister Gerry Brownlee and New Zealand Prime Minister John Key attended the announcement ceremony of a joint venture between two Christchurch-based companies to build and operate New Zealand’s first major panelized building factory. Building manufacturer Spanbild and the country’s largest privately owned group home builder, Mike Greer …
New Zealand Companies Join to Produce Modular Homes Read More
Investors stepped back from the dance floor in today’s trading after spinning one way and then the other as tensions rose in the Ukraine and then fell, leading to the three major indexes moving little. CNNMoney reports the Dow nudged down -35.7 points, -0.22 percent, to end the day at …
Sun Communities Falls; Dow, Nasdaq, S&P Move Little Read More
MHProNews.com has learned that Sen. Marco Rubio, R-FL, has become the tenth U. S. senator to sign on as a co-sponsor of S 1828, the Preserving Access to Manufactured Housing Act. Sen. Joe Donnelly, D-IN, introduced the legislation in the Senate Dec. 16, 2013. The other senators who have signed …
City officials in North Platte, Nebraska are reaching out to owners of manufactured home communities (MHCs) in developing minimum standards for manufactured homes, realizing that some people are bringing substandard homes into the city and then abandoning them instead of fixing them up. Zoning administrator Judy Clark says a Health …
City Developing New Ordinance for Manufactured Homes Read More
Now that responsibility for enforcing the Real Estate Settlement Procedures Act (RESPA) has been transferred to to the Consumer Financial Protection Bureau (CFPB), the question of whether the agency would sue alleged violators or accept a monetary settlement with the promise that it cease its errant ways has been decided—at …
The owners of Hendrickson Estates and Hendrickson Heritage Park manufactured home communities in Sequim, Washington, just northwest of Seattle, say city fees for installing new homes have risen, adding insult to injury in the face of a housing industry battered by the recession. Jeanne Murray and Mel Hendrickson, co-owners of …
Assorted Fees a Deterrent to Siting Manufactured Homes Read More
While the housing market helped lift the U. S. economy out of past recessions in 1981, 1990 and 2001, according to fxempire.com, it is not happening this time. Historically, residential investment has averaged five percent of gross domestic product (GDP), but it has only returned to three percent since the …
