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.
Deputy Director of the Consumer Financial Protection Bureau (CFPB), Steven Antonakes, speaking at the Mortgage Bankers Association’s (MBA) Servicing Conference, pointedly blamed the servicers for the many foreclosures outstanding and the home owners still underwater on their mortgages. According to nationalmortgagenews.com he said, “This kind of continued sloppiness is difficult […]
Mortgage Servicers Rankled by CFPB’s Accusations Read More
Unlike days gone by when factory-built homes were more prone to wind damage and not well sealed from the elements, the manufactured homes of 2014 are energy efficient and can have many of the same amenities as site-built homes: Whirlpool baths, ENERGY STAR appliances, solar panels for heat and hot
Manufactured Homes—Not Like they Used to be Read More
After rising above 16,450 earlier in the day, the Dow Jones Industrial Average drifted lower in the afternoon, leaving the three major indexes in the red. CNNMoney reports the Dow dropped -67.43 points, -0.41 percent, to end the day at 16,351.25. The Nasdaq fell -27.26 points, -0.63 percent, to finish
Deer Valley Plunges, Cavco Gains, Major Indexes Drift Lower Read More
The National Association of Home Builders (NAHB) chairman Kevin Kelly, a homebuilder from Wilmington, Delaware issued a statement lauding the Senate Banking Committee’s announcement that they had reached an agreement on a housing finance reform proposal, as MHProNews.com has learned. He said: “NAHB commends Sens. Johnson and Crapo for reaching
National Association of Home Builders Welcomes Housing Finance Reform Read More
Sources have told MHProNews that Danny Ghorbani, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) has once more allegedly made threatening statements directed at our publisher, as Ghorbani’s response to articles and commentaries published that analyze Ghorbani’s written/public statements. Why? “Our industry needs financing and is
MHProNews.com has been informed by mortgagenewsdaily.com that M&T Bank has updated its United States Department of Agriculture (USDA) guidelines and is removing its combined loan to value (CLTV) limit where the second lien is an affordable housing grant. In addition, it is no longer permitting manufactured homes on its SONYMA
M&T Bank Dropping Certain Manufactured Home Loans Read More
The Village Board in Poplar Grove, Illinois just north of Rockford denied a request to develop 72 acres into two manufactured home communities (MHCs), as a packed boardroom meeting erupted into applause. Flora Meadows applied for two permits for Hawthorn Meadows South and Hawthorn Meadows North, but Board Chairman John
Proposal for Manufactured Home Community Denied Read More
A petitioner in Asheville, North Carolina requested the Buncombe County Commissioners rezone a small riverfront manufactured housing community (MHC) from R1 to R-3 to allow him to site three park model homes for vacationers, according to thetribunepapers.com. One of the commissioners, who has been in the MH industry, said the
Request to Site Park Models Denied Read More
Encore Wire Corporation’s Chief Financial Officer (CFO), Frank J. Bilban, will be presenting at Sidoti & Company’s annual Institutional Investor Forum, Mon., March 17 at the Grand Hyatt Hotel in New York City, according to wsj.com. Encore (NASDAQ:Wire) produces a broad spectrum of electrical building wire for commercial and industrial
Manufactured Home Wiring Provider Presenting at Sidoti Forum Read More
Although the demographics of Beckley, West Virginia changed little between 2000 and 2010, and the town and Raleigh County are anticipated to have virtually no population growth in the coming years, the 2014 Comprehensive Plan is designed to meet future needs. As part of the plan, the West Virginia Development
Beckley, West Virginia Encourages Modular Home Building Read More
With little happening on the domestic markets, investors watched Chinese trade data and the Japanese gross domestic product (GDP) numbers come in lower than expected as the three major stock indexes slipped slightly. CNNMoney reports the Dow Jones Industrial Average nudged down -34.04 points, -0.21 percent, to end the day
Louisiana Pacific Drops, while Berkshire Hathaway Edges Up Read More
Using its rapid deployment data center (RDDC) model, Facebook will build its datacenter facilities based on modular construction methods that will provide two immediate benefits: standardization of design in terms of construction and architecture so new facilities will not have to be designed from scratch; and speed of deployment, according
Facebook Utilizing Modular Building Techniques Read More
MHProNews.com has learned from rep-am.com, a non-profit organization in Waterbury, Connecticut will operate three newly-built modular homes as part of an affordable housing project in town, called Brass City Residences. Created by the city development commission and the housing authority in the Crownbrook neighborhood, the modular homes will be comprised
Affordable Housing Project will be Modular Housing Read More
Following a story MHProNews.com published Feb. 18, 2014 regarding legislation in the Virginia House of Delegates that would streamline the titling of manufactured homes, the Virginia Manufactured and Modular Housing Association (VAMMHA) informs us the legislation has passed the General Assembly and awaits Governor Terry McAuliffe’s signature. Introduced by Senator
Manufactured Homes Re-titling Passes in Virginia Read More
Eighty percent of high school graduates in the Prairie Spirit school system outside Saskatoon, Saskatchewan, Canada go directly into the workforce, and school officials want to upgrade their trades training. Currently, the Da Vinci project at the W. W. Brown school in Langham directs high school students in constructing modular
Canadian High Schoolers Building Modular Homes Read More
In Rehoboth Beach, Delaware, where the median sales price has grown to $647,000 for a single-family home, the growth of food stamp usage has risen dramatically 324 percent, from 260 people in 2003 to 1,104 in 2013, while the population has only increased 23 percent, reports delawareonline.com. While beach vacationers
Many Seniors in Manufactured Homes Receive Food Stamps Read More
While MHProNews.com last reported on Feb. 25, 2014 that Commodore Homes was closing its modular plant in Danville, Virginia, and moving operations to a newer facility in North Carolina, elkharttruth.com says Commodore is expanding its Goshen, IN manufactured housing plant by 15,000 square feet, and eventually plans to hire over
Commodore Expanding in Indiana Read More
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
Label Fee to Rise under Budget Proposal Read More
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
Commissioners Discuss Modular Foundations Read More
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
