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.
Borrowers with mortgages backed by Fannie Mae and Freddie Mac that are at least 90 days late will begin receiving offers from lenders to reduce their rates. Called the Streamlined Modification Initiative, borrowers will be able to reduce their payments by either having the loan extended from, say, 30 to …
Seriously Delinquent Mortgage Borrowers may Reduce Payments Read More
The Ikea Foundation, the Refugee Housing Unit (RHU) from Sweden and the United Nations High Commissioner for Refugees (UNHCR) have pooled resources to develop a modular dwelling to house refugees and other displaced persons. The 55 square-foot unit has a steel skeleton with lightweight but durable plastic panels for the …
Non-profits Team with United Nations to Produce Modular Shelters Read More
Real estate investment trust (REIT) Sun Communities, Inc. announces it will release second quarter 2013 financial results before the market opens on Thursday, July 25, 2013 to be followed by a conference call that same morning at 11:00 AM (EST) to discuss the results. To participate, call toll-free 877-941-0844. The …
Just north and a little east of downtown Indianapolis five modular homes are set to be built in the Cottage Home area on a stretch of land surrounded by small, older homes from the late 1800’s. Priced at $300,000 to $350,000, the first two homes (already sold) will be 1,800 …
A key index of manufacturing activity and a rise in construction spending spurred investors to drive all three indexes higher to begin the second half of the year. CNNMoney reports the Dow Jones Industrial Average gained +65.36 points, +0.44 percent, to begin the second half at 14,974.96. The Nasdaq gained …
Factory-built homes in Japan are a rarity, in part because Japanese roads are narrower and strict regulations govern size of cargo that can be moved on them. One man in Ibaraki Prefecture has a part-time operation importing very basic modular homes from Canada. Though very plain looking, they were built …
The expansion of an oil refinery in Rabigh, Saudi Arabia will make it the world’s largest integrated oil refinery and petrochemical production facility, and modular builder Red Sea Housing will provide housing for the 9,000 employees working on the expansion. The 527,000 square foot facility will include accommodations for all …
Modular Housing part of Refinery Expansion in Middle East Read More
After World War II prefabricated home builder National Homes of Lafayette, Ind. supplied affordable homes for thousands of people between 1945 and 1965. Two to four-bedroom homes with 1,000 to 1,600 square feet costing $7,000 to $16,000 with down payments of $900—less for veterans—put homeownership within range of the majority …
National Homes Sold Thousands of Prefabricated Dwellings Read More
For years in Australia, mining and construction companies used dongas, transportable single-room aluminum buildings for workers, which have now evolved to modular housing, but few modular structures were made for residential housing in the last ten years. Ausco Modular has supplied thousands of units of modular workforce housing over its …
Modular Residential Housing Ramping up in Australia Read More
Updating a story MHProNews last covered March 25, 2013 regarding the closure of a manufactured housing community slum in California, after a decade of legal battles the 4,000 resident community is set to finally close June 30, 2013. Located in the Coachella Valley just west of Joshua Tree National Park, …
The 2014 fiscal year House Appropriations Committee measure that outlines budgets for the Dept. of Housing and Urban development (HUD) contains a provision that HUD must choose a permanent administrator of the Office of Manufactured Housing within 120 days of the legislation’s enactment. Introduced by Rep. Chuck Fleischmann (R-Tenn.), if …
House Committee to HUD: Hire Manufactured Housing Administrator or Else Read More
Although June has been a topsy turvy month for investors, the three major indexes gained two to five percent for the month, and have risen 12-14 percent for the first half of the year. CNNMoney reports the Dow Jones Industrial Average fell -114.89 points, -0.76 percent, to end the month …
Three Major Indexes Finish Half Year Up; Housing Stocks Today Close Mixed Read More
A survey released today (June 28) indicated consumer sentiment among higher-income families nearly rose to its highest level in six years, hitting 84.1 in late June, 2013, just below the 84.5 six year high in May. Economists surveyed by Reuters had forecast 82.8 for June, as MHProNews has been informed …
Although the aging-in-place movement for seniors is very strong, an estimated 16 million senior households will be relocating within the next decade, while the number of 65-and-older households is estimated to increase by 9.8 million in the same time span. “Most of these households will opt to age in place …
Harvard’s Housing Study: Affordable Senior Housing may be Scarce Read More
The U. S. Dept. of Energy is developing energy standards for manufactured housing, as required by the Energy Independence and Security Act of 2007 (EISA), and wants input from interested parties. The focus is on the relationship between energy efficiency and indoor air quality, incentives to install energy-saving devises in …
Energy Department Seeking Comment on Air Quality Standards Read More
The competition for affordable rental housing resulting from the recession, itself partly a product of the roughly 4.4 million people who lost their homes to foreclosure, has led to a shortage of homes for the extremely low-income sector. Defined as those earning less than 30 percent of the median income …
In its latest Housing Insights report, Fannie Mae notes that while overall home construction fell by 70 percent between 2006 and 2011, manufactured housing (MH) began declining in 1998, falling nearly 90 percent. In 2012 MH accounted for 7.4 percent of total home construction, a substantial drop from 20.2 percent …
Fannie Mae: Manufactured Housing has Challenges to Overcome Read More
The Dow had its third-triple digit gain in a row as fears of the end of the Federal Reserve’s stimulus waned. CNNMoney reports the Dow Jones Industrial Average gained 114.35 points, +0.77 percent, to end the day at 15,024.49. The Nasdaq advanced +0.76 percent, +25.64 points, to end the session …
Three Major Indexes Rise, as do Most Tracked Housing Stocks Read More
Metal travel trailers evolved as an interesting, inexpensive way for a family to take a vacation, but the Great Depression transformed them into dwellings as people lost their homes. During WWII, the units provided portable quarters for the military as well as housing for factory workers that were part of …
In the Beginning…from Travel Trailers to Manufactured Homes Read More
As many as 120 men once again faced homelessness after the Haven of Rest, which operated for 25 years, providing emergency and transitional housing, closed its doors this month in Tallahassee, Fla. Last week modular housing was delivered to the new Westgate Community residential campus as temporary shelter until a …
