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.
Following up on a story we first covered Jan. 9, 2014 regarding a dispute over the rewarding of a debris removal contract in Orangeburg County, South Carolina, a subsidiary of Santee Modular Homes in South Carolina is suing the county for failing to comply with federal guidelines and county guidelines […]
Modular Home Company Sues County Read More
The town board of Richmond, in St. Croix County, Wisconsin, has passed a series of ordinances governing the placement, licensing, age, size, and structure of manufactured homes and the manufactured housing communities in which they might be sited in the city. The newrichmond-news.com reports violations could draw fines ranging from
Ordinance Governing Manufactured Homes Passes Read More
Mel Watt, the new Federal Housing Finance Agency (FHFA) director, is appointing four special advisors to assist him with policy and strategic decisions, MHProNews.com has learned from nationalmortgagenews.com. Megan Moore, who worked at the Treasury Department’s Office of Legislative Affairs, will be special advisor for intergovernmental affairs; Bob Ryan served
Watt Selects Advisors for FHFA Read More
The House Financial Services Committee (HFSC) will hold a hearing Tuesday morning, Jan. 14, 2014, on the effects of the Qualified Mortgage rule that became law two days before the scheduled session. HSFC Chairman Jeb Hensarling (R-TX) has long opposed the Dodd-Frank Act, saying the regulations unduly tighten credit for
Effects of Qualified Mortgage Rule Discussed Two Days in Read More
Investors moved back from the dance floor today with concerns about the weak jobs report on Friday and the Federal Reserve’s impending paring of its stimulus, as all three major indexes closed down. CNNMoney reports the Dow dropped -179.11 points, -1.09 percent, to close at 16,257.94. The Nasdaq fell -1.47
Deer Valley Spikes; Dow Falls over One Percent Read More
Canada’s Killam Properties, Inc. (TSX:KMP) will release its Dec. 31, 2013 year-end financials on Tue., Feb. 18, 2014 after the market closes. A live audio webcast and conference call to discuss the results will be held the following day, Wed., Feb. 19 at 10:00 AM eastern time, according to wsjonline.com.
Killam to Release Year-End Results Read More
Argentinian studio 4L arq has designed an affordable modular home for a vulnerable group of single mothers in the Argentina city of Cutral Co, Neuquen, Argentina. Made of concrete panels, the design process involved the future inhabitants of the homes each step of the way, MHProNews.com has learned from designboom.com.
Argentine Architects Design Modular Housing Read More
The marsfieldnewsherald.com reports that manufactured and modular home builder Liberty Homes, Inc. of Dorchester, Wisconsin was chosen to receive a visit from the current Alice in Dairyland, Kristin Olson. Olson is the ambassador of the WI Department of Agriculture, promoting agricultural products to the state, country and world, logging 40,000
Liberty Homes Showcased by Alice in Dairyland Read More
In light of enrollment at Central High School in Tioga, North Dakota increasing 150 percent in the last six years, a $9.9 million bond issue before voters January 16 will alleviate overcrowding in school districts responding to the influx of workers drawn by the Bakken oil field. In October the
Bond Issue would Replace Modular Units Read More
None of the three major indexes moved more than one-half percentage point up or down as investors speculated what the Federal Reaerve might do in light of December’s poor jobs report. CNNMoney reports the Dow slid -7.71 points, -0.05 percent, to close at 16,437.05. The Nasdaq advanced +0.44 percent, +18.48
Cavco Industries Posts Largest Gain of Tracked Housing Stocks Read More
Building products company USG converted notes held by Berkshire Hathaway into an equity stake, making Warren Buffett’s company the largest shareholder in the company at 30.5 percent. During the financial crisis in Nov. 2008, as wsj.com reports, Berkshire invested $300 million in convertible notes at a 10% interest rate. Fairfax
Berkshire Hathaway now Largest Shareholder in USG Read More
Ten new honorees will be inducted into the RV/MH Hall of Fame Class of 2014 on Aug. 4, 2014 at the Hall facility in Elkhart, Indiana. MHProNews has learned the inductees from the manufactured housing industry are: • Barry Cole, president of Manufactured Housing Insurance Services and Cole Housing Corp.(insurance
Honorees chosen for RV/MH 2014 Hall of Fame Read More
Speaking to the National Association of Realtors (NAR), Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said the new mortgage regulations that take effect today, Jan. 10, 2014 will protect consumers from the type of risky loan products that contributed to The Great Recession and housing bubble. Reminding NAR members
CFPB Director Cordray Addresses the National Association of Realtors Read More
The Wildhorse Estates subdivision in Florence, Arizona has 84 large lots designated for manufactured homes (MH), but there are only 15 MH sited, and the remainder are site-built homes, making it out of compliance with county zoning. Many homes have horses and other farm animals, some of which have more
Manufactured Houses in Wildhorse Estate Read More
Housing finance reform is expected to be at the top of the agenda in Congress at the beginning of the new session, but unless the initiatives move forward quickly, chances increase they will stall as the mid-term elections approach in November. The bi-partisan proposal introduced in the Senate will pare
Will Housing Finance Reform Please come Forward? Or Not Read More
Increasingly, more mortgage borrowers are rising to the water’s surface instead of being underwater. According to RealtyTrac, 19 percent of all homes with mortgages were “deeply underwater,” meaning they owed at least 25 percent more on their mortgages than their homes are worth in December, a total of 9.3 million
Underwater Mortgages Gradually Decrease Read More
The Clayton Family Foundation has pledged $500,000 to the Motlow College Foundation’s STEM (Science, Technology, Engineering and Math) endowment fund, according to tullahomanews.com. Jim Clayton, the founder of Clayton Homes of Maryville, Tennessee, and of the Clayton Foundation, has degrees in law and engineering, and currently is director and vice-chairman
Clayton Foundation Donates 500k to College Read More
The three major indexes were mostly flat in today’s trading as investors awaited the government’s jobs report due out Friday, Jan 10. CNNMoney reports the Dow slid -17.98 points, -0.11 percent, to close at 16,444.76. The Nasdaq dropped -0.23 percent, -9.42 points, to finish at 4156.19, while the S&P moved
Nobility Rises, Skyline Falls, Major Indexes Straddle the Fence Read More
Wells Fargo & Co. upgraded shares of manufactured housing community (MHC) owner Sun Communities, Inc. (NYSE:SUI) to an outperform rating from a market perform rating. Two analysts had previously cut their price target on Sun, but both now have issued an outperform rating for the stock, according to tickerreport.com. In
Sun Communities Garners Outperform Rating on Stock Read More
A Cody, Wyoming couple was denied a variance to site a modular home on their land by the Park County Commissioners. The current ordinance prohibits mobile homes in the North Fork Planning Area where their land sits. MHProNews has learned “mobile home” includes manufactured and modular homes in their definition.
Variance for Modular Home Denied Read More
