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.
Analysts at Deutsche Bank report concerns about China’s market coupled with a sharp drop in copper prices led to little change in the three major indexes today. CNNMoney reports the Dow Industrial Average edged down -11.17 points, -0.07 percent, to end the day at 16,340.08. The Nasdaq managed to squeak […]
Manufactured Housing Composite Rises +1.03 Percent; Tracked Stocks Quiet Read More
Analysts at Barclays report more homeowners are staying current on their mortgages, thereby reducing the rate of delinquent loans, as housingwire.com informs MHProNews.com. The March Mortgage Credit Tracker says, however, the rate of foreclosure is rising, as is the foreclosure-to-REO (real estate-owned) hopper, bringing foreclosures back to the rate of
Delinquencies Fall, Foreclosures Rise Read More
In order to better zone and regulate the temporary housing facilities that many oilfield workers live in, the Williams County (North Dakota) commissioners voted to update the definition of crew housing, and will charge companies $400 per person for each one living in modular workforce housing zoned for non-residential use.
County Commissioners Dealing with Modular Workforce Housing Read More
A revised application for the siting of modular living units in Ridgefield, Connecticut may lead to a legal settlement after 1 1/2 years. Ridgefield Modular Home Corp. originally submitted plans for 11 apartments in a four-cluster modular building under the state’s affordable housing law in Sept. of 2012. Ridgefield is
Modular Development may Finally get Approved Read More
According to theiet.org, the world is beginning to realize the advantages of modular construction methods in the wake of the desire for quicker, cheaper, cleaner and more environmentally friendly building techniques. Two years ago China’s Broad Construction stunned the world when it assembled a 30-story modular hotel working round the
Off Site Construction Methods Gaining Recognition and Advocates Read More
A 24-unit assisted living facility owned and operated by Northern California Presbyterian Homes and Services (NCPHS), part of The Woods, a 55-plus manufactured home community in Mendocino, CA, is set to close sometime in May. According to mendocinobeacon.com, NCPHS submitted a closure plan to the state Department of Social Services
Part of Senior Manufactured Home Community to Close Read More
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
