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.

California Offers Assistance Paying Mortgages to Long-Term Unemployed

By / / home buyers, Manufactured and Modular Housing News

With the extension of long-term benefits for the unemployed still in abeyance in Congress, the California Employment Development Department (EDD) has notified 220,000 recipients of long-term benefits that their aid will end in two weeks. This prompted Keep Your Home California to remind homeowners under the Unemployment Mortgage Assistance Program […]

California Offers Assistance Paying Mortgages to Long-Term Unemployed Read More

Residential Building Permits Rise in DE, NJ and PA

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

According to the Philadelphia Federal Reserve, new residential building permits rose significantly from November 2012 to November 2013 in Delaware, New Jersey and Pennsylvania. Compared to the same month period in 2012, the growth in all three states was in double digits, as housingwire.com tells MHProNews. While permits were 21

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Sales Tax on Manufactured Homes Rises in North Carolina

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

Following a story MHProNews posted Dec. 10, 2013 regarding an increased sales tax that will be imposed on manufactured and modular homes sold in North Carolina, charlotteobserver.com reports the tax is being raised to 4.75 percent Jan. 1. The industry is slowly recovering from a slowdown exacerbated by the Great

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Housing Market Forecasts for 2014

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

Predictions for 2014 from nationalmortgagenews.com forecast home sales will rise from 5.5 million this year to 5.9 million in 2014, home price appreciation will drop from 11 percent to six percent in 2014, and the 30-year mortgage rate will rise 50 basis points to five percent. The purchase-refinance loan origination

Housing Market Forecasts for 2014 Read More

Skyline Rises, Patrick Falls; Dow, Nasdaq, S&P End Week Up

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

Investors took a break at the end of a strong week and a most bountiful year on Wall Street as all three major indexes slid a quarter of a point or less. CNNMoney reports the Dow Jones Industrial Average edged down -1.47 points, -0.01 percent, to close at 16,478.41. The

Skyline Rises, Patrick Falls; Dow, Nasdaq, S&P End Week Up Read More

30-Year and 15-Year Mortgages Slightly Above One Year Ago

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

According to nationalmortgagenews.com the average weekly rate for a 30-year mortgage is two basis points under 4.5 percent, making it just above one percent higher than one year ago. For a 15 year mortgage, the average rate is two basis points above 3.5 percent, making the mortgage rate just under

30-Year and 15-Year Mortgages Slightly Above One Year Ago Read More

Modular Homes Sold in Estevan, Saskatchewan Development

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

Following up on a story MHProNews posted Oct. 9, 2013 regarding a housing plan for Estevan, Saskatchewan, Canada, modular homes will begin to be sited in early 2014, ready to be occupied by mid-January. Phase 1 of the Ridge subdivision has 85 lots, 60-65 of which have been sold to

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Incoming FHFA Director Mel Watt to Delay Mortgage Fees

By / / Manufactured and Modular Housing News

Acting Federal Housing Finance Administration (FHFA) Director Edward DeMarco announced the day before incoming FHFA Director Mel Watt was approved by the Senate that he intended to raise certain GSE (government-sponsored enterprise) fees in early 2014. He says this will entice more private lenders back into the mortgage market and

Incoming FHFA Director Mel Watt to Delay Mortgage Fees Read More

Modular Homes Hitting Millions in Australia

By / / Business, Factory-Built Homes, Finance, home buyers, Manufactured and Modular Housing News, Modular, Trends

While most of the modular homes in Australia are for coastal and rural retreats, more architect-designed, multi-million-dollar prefabricated homes are being trucked 500 to 600 miles and craned into place, sometimes costing over $100,000 just for transport. While the prefab market in Australia is relatively immature, representing only about one

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Former Felon Bringing Modular Home Business to Neighborhood

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

A one-time drug dealer who built a profitable music business from his illegal gains and served three years in prison has rebounded back into the music business, very successfully, and is now promoting a modular home production facility that will revitalize a distressed community, according to post-gazette.com. Lee Davis cut

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Patrick Industries Advances; Santa Continues Delivering to Investors

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

Schaeffer’s Investment Research reports the Dow has gained 68 percent of the time each Christmas week for the last 100 years, and this year is no exception, as Santa continues to deliver good news to investors. CNNMoney reports the Dow Jones Industrial Average gained 122.33 points, +0.75 percent, to close

Patrick Industries Advances; Santa Continues Delivering to Investors Read More

Manufactured and Modular Home Development Shelved

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

The new developer of Georgetown Estates in Georgetown County, South Carolina has requested his proposal to alter the content of the development to include factory-built homes be put on hold by the county planning commission. The original plan included 214 single-family and patio homes on lots ranging from 6,000 square

Manufactured and Modular Home Development Shelved Read More

Non-Qualified Mortgages: A Tightrope for Lenders?

By / / Finance, home buyers, Legal, Manufactured and Modular Housing News

While lenders who make qualified mortgages that must conform to certain criteria have greater legal protection than those loans that do not, the Consumer Financial Protection Bureau (CFPB) published a factsheet that states, “We will stand with borrowers and homeowners to ensure financial institutions treat them properly. Borrowers who fall

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Traditional Home Buyers Returning to Market as Investors Leave

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

Home prices rose 0.5 percent in October over the previous month, according to nationalmortgagenews.com, as prices climbed 8.2 percent year-over-year, based on data from the Federal Housing Finance Administration (FHFA). Investors have reduced the inventory of distressed properties as mortgage rates rise, and gains in employment are attracting more home

Traditional Home Buyers Returning to Market as Investors Leave Read More

County Commission Approves Manufactured Home Request

By / / Legal, Manufactured and Modular Housing News, Manufactured Homes, People, Zoning

Following up on a story MHProNews posted Dec. 24, 2013 regarding a family in Kansas who requested a variance to allow them to temporarily site a manufactured home on their property while their fire-damaged home was rebuilt, the request was approved, according to cjonline.com. Randall and Monica Rose and their

County Commission Approves Manufactured Home Request Read More

Modular Builder Vanderbuilt Raises Funds for Toys for Tots

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

Following up on a story MHProNews posted Nov. 23, 2013, Sanford, North Carolina modular home builder Homes by Vanderbuilt reached out this Christmas season to their online social network community and raised $1,000 for the global nonprofit Toys for Tots campaign. This marks the third year the company has participated

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Killam Properties Increases Dividend

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

As follow-up to a story MHProNews posted Dec. 18, 2013, metronews.ca in Canada reports Killam Properties, Inc. (TSX:KSM) of Halifax, Nova Scotia has increased its monthly dividend from $0.04833 cents per share to $0.05 per share. On an annual basis the increase works out to be from $0.58 to $0.60

Killam Properties Increases Dividend Read More

Modular Workforce Housing needed in Louisiana

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

The businessreport.com says new manufacturing facilities and plant expansion projects totaling upwards of $60 billion are planned through 2016 in the Baton Rouge area, requiring an uptick in housing demands. Al Bargas of Associated Builders and Contractors Pelican Chapter says, “The workforce is expected to increase by some 35,000 people,

Modular Workforce Housing needed in Louisiana Read More

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