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 18 manufactured housing (MH) and recreational vehicle (RV) communities in San Angelo, Texas, each have different variances and maintenance regulations, and the city wants to establish uniform ordinances in response to the influx of workers drawn by the Eagle Ford Shale oilfield in southwest Texas. Concern resonates among city […]
City Strives to Govern Manufactured Housing and RV Communities Read More
In November housing starts rose 22.7 percent to a seasonally-adjusted annual rate (SAAR) of 1.09 million, according to data from the U. S. Department of Commerce, the highest rate since Feb. 2008. Additionally, Bloomberg.com informs MHProNews permits for new housing hit close to a five-year high, indicating construction will continue
Housing Starts: Growing Demand Trumps Higher Mortgage Rates Read More
The U. S. Department of Housing and Urban Development is providing $14.8 million in redevelopment funding for approximately 19,000 seniors with low-to-very low incomes in order to prevent their displacement from 1,700 units located in 12 properties across six states. Part of HUD’s Section 202 “Supportive Housing for the Elderly”
Senior Affordable Housing gets Boost from HUD Read More
The 2014 Louisville Manufactured Housing Show is just a little over a month away. A sold out show and attendee registrations running well ahead of 2013 all suggest an even stronger event to kick off the 2014 selling season. For those who haven’t been to this or other factory built
2014 Louisville Manufactured Home Show Video Preview Read More
Following up the story MHProNews posted Dec. 11, 2013 regarding workforce housing and recreational vehicle (RV) regulations in Richland County, Montana, County Planner Marcy Hamburg says any parcel of land that is also rented/leased as temporary housing–RVs, park models, modular, campers, travel trailers, skid units—is considered a subdivision. As such
Montana County Enforces Workforce Housing Regulations Read More
During Q3 2013 an additional 791,000 U. S. homes returned to positive equity as home values continue to rise, bringing the number of mortgaged residential properties with equity to 42.6 million. The number of homes remaining in negative equity fell from 7.2 million at the end of the second quarter
More Homes Lifted out of Negative Equity in Q3 Read More
The board of directors of Canada-based Killam Properties, Inc. has declared a monthly dividend of $0.04833 per common share to be paid on Jan. 15, 2014 to shareholders on record as of Dec. 31, 2013. As 4-traders.com reports, the company offers shareholders the opportunity to reinvest their dividends in additional
Canada’s Killam Properties Declares Monthly Dividend Read More
Some higher-priced mortgages will be exempt from certain appraisal requirements following the issuance of a final rule by six financial regulatory agencies. In order to make sure a loan is sound, a physical visit with written appraisal must be made to see the interior of a home prior to making
New Guidelines Regarding Appraisal Requirements Released Read More
Investors shied away from the market today as they await word from the Federal Reserve on its plans regarding the stimulus program of buying $85 billion bonds each month. As a result, the three major indexes moved little in today’s trading. CNNMoney reports the Dow Jones Industrial Average dropped -9.31
Little Movement in Tracked Housing Stocks, Three Major Indexes Read More
Drew Industries Inc.(DW) of Elkhart County, Indiana announces it will begin trading of ex-dividend Dec. 18, 2013, paying $2 a share which is scheduled to be paid Jan. 6, 2014. Even purchasers of the stock before the ex-dividend date can receive the cash dividend payment, according to nasdaq.com. Drew’s stock
Drew Industries is Paying a $2 Dividend Read More
Senators Joe Donnelly (D-IN) and Tom Coburn (R-OK) introduced S. 1828, The Preserving Access to Manufactured Housing Act in the Senate as a companion to House Bill 1779 of the same name that protects the ability of manufactured home owners to buy, sell and refinance homes. The new guidelines issued
The National Association of Home Builders reports builder confidence rose four points in Dec. to 58, where any number over 50 indicates builders see the market as good rather than poor. The Wells Fargo Housing Market Index (HMI) is based on current sales conditions, sales expectations and traffic of prospective
Home Builders Confidence Continues Rising Read More
According to commercialobserver.com, Forest City Enterprises and state-owned Chinese developer Greenland Holdings Group have agreed to develop 6,400 apartments in Atlantic Yards in Brooklyn, 2,400 of which will be designated as affordable housing. Greenland will acquire a 70 percent stake in the Atlantic Yards project, which includes phases one and
Forest City Partners with Greenland Group Read More
In anticipation of the Federal Reserve’s final meeting of the year and the question of when will the tapering of the stimulus being, investors drove the Dow up 129 points. CNNMoney reports the Dow Jones Industrial Average gained 129.21 points, +0.82 percent, to close at 15,884.57. The Nasdaq climbed +0.71
Three Major Indexes Rise; Liberty Homes Spikes Read More
If Congress cannot decide on the feasibility of passing overall housing reform legislation, banking committee leaders from both houses may just pass Federal Housing Authority (FHA) reform as a stand-alone bill, legislation which almost passed in 2012 with bipartisan support. Overall reform might also include the future of Fannie Mae
Separate FHA Reform Bill may Pass Congress Read More
The Home Design Trends Survey reports consumer interest for pedestrian-friendly communities with mixed-use development grew from 45 percent in 2012 to 58 percent this year. Further, the American Institute of Architects (AIA) says preference for more access to recreational activities increased from 40 to 49 percent over the same period,
Demand Rises for Walkable Communities Read More
A developer of mixed-use multifamily and office buildings in Seattle, Washington says micro- housing is a good solution for housing in urban areas but it should go through the same design review as other projects. Patrick Foley of Lake Union Partners, responding to a query about affordable housing is Seattle,
Builder Hopes Demand Rises for Modular Read More
HomeFinder.com suggests reasons for buying a home before the end of the year include new lending rules which will move debt-to-income ratio requirements higher, possibly making it more difficult to buy property. Additionally, mortgage rates are already up one to two percent, but grabbing a fixed rate mortgage (FRM) at
Lenders Say “Buy Home Now” Read More
Following up on a story MHProNews published Sept. 18, 2013 regarding a survey of manufactured home owners and community operators being conducted by the Queensland, Australia government, respondents must reply by Dec. 20. The survey includes questions on a range of topics including sales, operations, utility charges, rent increases and
Survey of Manufactured Home Owners/Operators ends Dec. 20 Read More
Informed sources told MHProNews on Friday that the companion bill to HR 1779 – The Preserving Access to Manufactured Housing Act of 2013 – was about to be filed. A source close to Oklahoma Senator Tom Coburn said off the record, “Dr. Coburn has decided to cosponsor the bill with
Friday 13th Senate Companion Bill for HR 1799/MH Avoided Read More
