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 Consumer Financial Protection Bureau (CFPB) is getting feedback from lenders regarding the Qualified Mortgage (QM) rule, and while it may alter some of the guidelines down the road, it will wait until lenders adjust to the new set of guidelines. Speaking to a Women in Housing and Finance gathering, […]
Qualified Mortgage Guidelines will not Change Initially Read More
A budget deal coming out of Washington gives investors more concern that the Federal Reserve will begin tapering its quantitative easing sooner rather than later, causing the three major indexes to tumble in today’s trading. CNNMoney reports the Dow Jones Industrial Average fell -129.60 points, -0.81 percent, to close at
Tracked Housing Stocks All Drop or Close Even; Three Major Indexes Fall Read More
The National Association of Home Builders (NAHB) Chairman Rick Judson issued a statement applauding the confirmation of Rep. Mel Watt to head the Federal Housing Finance Agency (FHFA), MHProNews has learned. Noting his experience working on housing issues as a member of the House Financial Services Committee for almost two
Rep. Mel Watt Chosen to Lead the Federal Housing Finance Agency Read More
The first multifamily modular housing apartment units to hit Long Island’s (New York) Nassau County received a grand opening last week. The 29-unit gated community in Hempstead, NY, Village Lofts has one-and two-bedroom units, some at market rates and some moderately priced. Built by Clayton Homes, the apartments feature high-tech
A Modular Community Just Outside New York City… Read More
As MHProNews posted Aug. 8, 2013, New York City has 17 modular housing projects currently under way. The largest of them, the 32-story, Forest City Ratner’s B2, comprised of 930 steel-framed units, will see the first modules arrive Thursday, Dec. 12, according to DNAinfo.com. Of the 363 apartment units, half
Modular Housing Continues Rising in Big Apple Read More
MHProNews has learned from sidneyherald.com two or more units of workforce housing or manufactured homes sited on the same parcel of land in Richland County, Montana must be compliant with the Richland County Subdivision Regulations. Additionally, the plans must also be approved by the Montana Dept. of Health and Human
Over Two Manufactured or Modular Units Need Approval Read More
Manufactured housing communities and apartment buildings in Mankato, Minnesota will have an additional six months to adjust to the two percent increase for water and sewer service charges, according to mankatofreepress.com. The increase, intended to get revenues more in line with costs, was originally scheduled for Jan. 1, 2014 but
Utility Bill Increase for Manufactured Homes Delayed Six Months Read More
Owners of manufactured homes that occupy land owned by someone else in Washington County, Indiana are required to submit the vehicle identification number (VIN) or a copy of the title to the county assessor’s office by Dec. 20, 2013. MHProNews has learned from salemleader.com if the home owner does not
Manufactured Home Owners Need to Submit VIN Read More
A Nashville, Tennessee man has been convicted of seven counts of bank fraud for submitting false invoices from a modular home manufacturer based on down payments that were not in fact received, and then misrepresenting the status of construction of the homes. Keith Churn made false statements to the bank
Man Churns Waters of the Secret Service, Faces Jail Read More
Investors hit the pause button on the Big Board today as they await word next week from the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average slipped -52.4 points, -0.33 percent, to close at 15,973.13. The Nasdaq fell -0.20 percent, -8.26 points, to finish at 4,060.49, while the S&P,
Three Major Indexes, Most Tracked Housing Stocks Fall Read More
Pre-registrations for the 2014 Louisville Manufactured Housing Show are up over 50% over the same time frame as last year. So state the facts supplied by Show Ways Unlimited, who manage the show for the Midwest Manufactured Housing Federation (MMHF). Show Chairman Ron Thomas, Sr. reports that in 2013, “Louisville
Invitation and 2014 Louisville Manufactured Housing Show Updates Read More
In response to Harvard University’s Joint Study on Housing documenting the shortage of affordable rental housing in the U. S., as MHProNews covered earlier, Chairman of the National Association of Home Builders (NAHB) Rick Judson issued a statement emphasizing the importance of the Low Income Housing Tax Credit (LIHTC) in
NAHB Supports Harvard’s Affordable Rental Initiatives Read More
MHProNews has learned from blueridgenow.com as of Jan. 1, 2014 that the North Carolina sales tax on manufactured homes will increase from two percent to the general rate of 4.75 percent, and on modular homes from 2.5 percent to 4.75 percent. Neil Carter, owner of Carter’s Homes in Fletcher says
New Sales Tax will Raise the Price of Manufactured, Modular Homes Read More
Following up on a post MHProNews last published May 7, 2013 regarding Wheel Estates Mobile Home Park in North Adams, Massachusetts becoming cooperatively-owned, the Rec Hall that serves the residents has undergone a complete transformation, with new ceilings and floors, new paint on the walls, and refurbished front and back
Residents Taking Care of Business at New Community Cooperative Read More
The better-than-expected jobs report on Friday and the merger of American Airlines with US Airways continues to buoy the market, as all three major indexes edged up in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained 5.52 points, +0.03 percent, to close at 16,025.53. The Nasdaq advanced +0.15
Three Major Indexes Edge Up; Tracked Housing Stocks Mixed Read More
Based on a nationwide sampling of 100,000 addresses earlier this year, the U. S. Census Bureau has determined that 66 percent of households in 2013 were family households, down from 81 percent in 1970. As mortgagedailynews.com tells MHProNews, the number of single-person households rose to 27 percent in 2013 from
Household Formation Falling; Mortgage Positions Dwindle Read More
MHProNews has learned overall sales of homes in the Coeur d’Alene Multiple Listing Service (MLS) are up 33 percent over 2012, although some rural areas are showing increases of 70 to 75 percent. The sales of newly-built homes doubled year-over-year, while foreclosures and short sales made up half of total
Home Sales up 33% in Coeur d’Alene Read More
The Board of Supervisors of Lakeport, California will hold a public hearing regarding Caritas Affordable Housing Inc.’s acquisition of Sterling Shore Estates Manufactured Housing Community. According to what lakeconews.com tells MHProNews, the board will also consider a joint exercise of powers agreement between the county and the California Municipal Finance
Supervisors to Consider Acquisition of Land Lease Community Read More
Over 150 residents representing 30 manufactured home communities (MHCs) attended an informational seminar in Pismo Beach, California hosted by Golden State Manufactured Home-owners League (GSMOL), San Luis Obispo Mobilehome Residents Assistance Panel and North Santa Barbara County Manufactured-Homeowners Team. David Loop discussed the steps involved in attaining community ownership status,
Speakers Address Rights of Manufactured Home Community Residents Read More
Custom modular home builder Excel Homes, a subsidiary of Innovative Business Solutions of Wexford, Pennsylvania, has purchased Keiser Homes of Oxford, Maine to accommodate growing demand in the Northeast. Excel employs over 800; Keiser has about 100 employees. According to mainebiz.biz, Excel has built more than 28,000 homes since its
Excel Homes Acquires Keiser of Maine Read More
