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.
As housing inventory expands, Redfin says the housing market is undergoing a slight slowdown, based on data from 22 markets across the nation that ranks the percentage of homes that go under contract within two weeks of their listing. HousingWire reports 32 percent of homes went under contract within 14 …
Report says Housing Market may Return to Sluggishness Read More
U. S. stocks slid slightly as the political turmoil in Egypt and concerns about Friday’s upcoming jobs report gave pause to investors who stepped back from the action. CNNMoney reports the Dow Jones Industrial Average slipped -42.55 points, -0.28 percent, to close at 14,932.41. The Nasdaq nudged down -0.03 percent, …
Three Major Indexes Slide; Tracked Housing Stocks Close Mixed or Even Read More
Elkhart County in northern Ind. topped the nation for job growth in 2012 with a rate of 7.4 percent from Dec. 2011 to Dec. 2012, as compared to a national rate of 1.9 percent, according to the U. S. Bureau of Labor Statistics. The county, and neighboring LaGrange County, are …
Indiana County has Highest Job Growth in the Nation Read More
May saw the largest increase in the CoreLogic Home Price Index (HPI) since Feb. 2006, rising 12 percent over May 2012, and 2.6 percent higher than April, marking the 15th consecutive month of year-over-year increases. For June 2013, as nationalmortgagenews informs MHProNews, the CoreLogic Pending HPI indicates home prices are …
The 2013 manufactured home (MH) statements and the second half 2012 real estate tax statements have been mailed from the Hocking County Treasurer’s office in Logan, Ohio. The MH remittance must be postmarked by July 31, 2013 and by July 12, 2013 for the real estate taxes. As logandaily informs …
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
