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 Federal Housing Administration’s (FHA) admission that it will need a $1.7 billion bailout for fiscal year 2013 puts more pressure on Congress to pass an FHA reform bill. Both the House and the Senate banking committees have passed reform bills but they are very different. A collaboration of bipartisan […]
Despite Bailout Need, FHA Reform not likely soon Read More
The looming government shutdown sent investors heading for the doors today as all three indexes fell, the Dow dropping over 100 points. CNNMoney reports the Dow dropped -128.57 points, -0.84 percent, to close at 15,129.67. Meanwhile, the Nasdaq slid -0.27 percent, -10.11 points to end today’s trading at 3,771.48, while
Possible Government Shutdown Stymies Stock Market Read More
The National Association of Home Builders (NAHB) is replacing its Improving Markets Index (IMI) with the Leading Markets Index, shifting the focus from improving markets to those that are exceeding their normal levels of housing market progress. The new index will measure the same three components—single-family building permits, home prices
New Index to Measure Housing Market Progress Read More
In a program the energy company has conducted in other Washington state counties, Puget Sound Energy (PSE) is offering free energy upgrades to residents of manufactured homes (MH) who have electric forced-air for their primary heat source around Kittitas County in the central part of the state. With up to
Manufactured Homeowners Receive Free Energy Upgrades Read More
A legal dispute between two Elkhart, Indiana-based recreational vehicle (RV) suppliers is ramping up after U. S. District Judge Jon DeGuilio ruled AL-KO’s non-compete agreement is too broad. In moving from AL-KO to Lippert Components, inc., Larry Revelino had already agreed with both companies not to give away his former
Lippert and AL-KO Wrangling over Patent and Personnel Read More
The May 15, 2013 tornado that tore through a Hood County, Texas neighborhood left six people dead, and damaged or destroyed nearly 270 homes. MHProNews has learned many of the dwellings were older factory-built units, and 60 were Habitat for Humanity homes in Rancho Brazos. While rebuilding efforts are continuing,
Military Modulars Repurposed in Tornado Torn Texas Read More
A solar-powered modular cabin designed by Italian architect Daniele Menichini has a bathroom but no kitchen. Planned as an alternative to a hotel room, the minimalist Green Zero has one bedroom but could accommodate more people as a cabin or guest house, as MHProNews has learned from tgdaily.com. The rainwater
Modular Guest House Italian Style Read More
Following a story we last posted Sept. 11, 2013 regarding a California measure that would give land lease community (LLC) residents and local jurisdictions a voice when community owners seek to redevelop the real estate, MHProNews has learned Gov. Jerry Brown signed the legislation into law. While local government has
Gov. Brown Signs Bill Giving LLC Residents a Voice Read More
Investors shied away from the stock market again today as the gridlock in Congress over the potential government shutdown and the debt ceiling continued. CNNMoney reports the Dow dropped -70.06 points, -0.46 percent, to close at 15,258.24. Meanwhile, the Nasdaq slid -0.15 percent, -5.84 points to end today’s trading at
Stocks Stutter as Congress Contends with Conflict Read More
A 1950’s San Angelo, Texas ordinance requiring all manufactured homes, including those for sale on a dealer’s lot, have skirting for aesthetic reasons was given an exception for licensed dealers. Clayton Homes asked for the change in the ordinance, as sanangeloLIVE.com reports, evidently after bringing a man camp onto their
Clayton Homes Convinces City to Change Outdated Ordinance Read More
The Consumer Financial Protection Bureau (CFPB) says 30 percent of homeowners over 70 have mortgages to pay off. A study for 2001 reports eight percent of owners over 75 were carrying mortgage debt. More homeowners over 65 continue to pay on their homes into their retirement years, and that may
Mortgage Debt: Problematic for Retirees Read More
Director at Drew Industries, Inc. (NYSE:DW) Edward W. Rose III sold 110,590 shares at $44.05 per share for a total of $4,871,901, according to wallcheatsheat.com. Sept. 26 Drew closed up +1.82% at 44.76. As MHProNews knows Drew is a component supplier to the manufactured housing and recreational vehicle industries through
Drew Industries Director sells Shares Read More
A new proposal from the Columbus Junction (Iowa) Planning and Zoning Commission to the city council would create a manufactured housing (MH) district, and delete MH from R-2 and R-3 residential districts. According to muscatinejournal.com, current ordinances require any MH outside of a community to be placed on a permanent
Zoning Changes on Tap for Manufactured Housing Read More
The Missouri University of Science and Technology entry in the U. S. Solar Decathlon 2013 competition adapts to the environment for sustainable efficiency. The modular Chameleon House relies on innovative engineered radiant systems incorporating solar thermal and roof mount collectors, ventilation and heat recovery. The adaptable partition wall with an
Modular Entry in Solar Decathlon Read More
The Engineering Excellence Awards in Sydney, Australia in Products, Manufacturing Facilities and Processes was conferred on TEKTUM Space2.0, for its design of a full-size modular house that is transported on a flatbed trailer which unfolds at the site with all services and finishes in place. According to engineersaustralia.org.au, the final
Modular Wins Aussie Award Read More
Investors are looking beyond the possible government shutdown to corporate returns, as stocks moved slightly higher in today’s trading. CNNMoney reports the Dow gained 55.04 points, +0.36 percent, to close at 15,328.30. Meanwhile, the Nasdaq moved up +0.70 percent, +26.33 points to end today’s trading at 3,787.43, while the S&P
Three Major Indexes Edge Up; Tracked Stocks Close Mixed Read More
Some 700 refugees displaced by the flooding in Calgary, Alberta, Canada in June of this year will be housed in manufactured home communities (MHCs) in the Great Plains neighborhood of Calgary, and may have to remain there through the winter. A longer- term neighborhood of manufactured homes will be sited
Refugees Living in Manufactured Homes Read More
Current zoning laws in Midland, Texas prevent updated manufactured housing (MH) from replacing dilapidated factory-built homes because the zoning has been changed since the homes were sited. 1F3 zoning in certain areas only allows for stick-built homes in certain areas. As cbs7kosa.com tells MHProNews, the city says up to 28
Restrictive Zoning of Manufactured Homes may be Lifted Read More
The chairman of the board of Third Avenue Assets Management, Marvin Whitman, announcing the company’s third quarter portfolio update, has acquired a 20 percent stake in Cavco Industries, Inc., a $510.4 million market cap with stock up over 25 percent in the last 12 months. He purchased 1,809,108 shares when
Third Avenue Buys Into Three New Stocks Read More
Word is making the rounds the Federal Housing Administration (FHA) will need a U. S. Treasury bailout when the fiscal year ends, as HousingWire has learned from a report by Reuters. There was a suggestion several months ago from FHA and the White House of a possible need for a
FHA Bailout may be Impending—Price Tag Nearly a Billlion Read More
