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 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 …
A manufactured housing community is offering to pay cash for single-section manufactured homes 1990 or newer. Rolling Hills Estates in D’Iverbille, Miss., just outside Biloxi, is also offering newer homes for people who want to trade up their older manufactured home and live in the community. As newswire informs MHProNews, …
Community Owner will pay Cash for used Manufactured Homes Read More
In an unscientific survey conducted in Magnolia, Ark. in the southwest corner of the state, 45.12 percent of the respondents say a landowner should be able to site a manufactured home on their property without hindrance. 28.45 percent state manufactured home locations should be controlled and their appearance regulated so …
Survey Respondents want Manufactured Homes Restricted Read More
Following news the Gross Domestic Product (GDP) grew only 1.8 percent in the first quarter, well below the 2.4 percent analysts were hoping for, stocks rallied as investors bet the Federal Reserve will keep the stimulus intact. CNNMoney reports the Dow Jones Industrial Average gained 149.83 points, +1.02 percent, to …
Hope for Continuing Stimulus Sparks Indexes; Tracked Housing Stocks Mixed Read More
Investment firm Alceon has acquired the Oaklands Village Manufactured Home Estate in Wollongong, New South Wales, on the southeast coast of Australia, for $13.4 million. Sold by the Oaklands Village Trust, the community has 258 home sites and is located just south of Sydney, Australia, according to theaustralian.com. As MHProNews …
Australian Manufactured Home Community Changes Hands Read More
In 2012 Iowa retailers ordered 271 HUD Code manufactured homes, well below the years from 1964 to 1982 and 1988 to 2002 when orders ran over 1000 annually, but 28 percent higher than the 212 ordered in 2011, according to Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association. …
Following a story MHProNews posted yesterday, June 25, concerning the former Hilltop manufactured housing community in State College, Penn. that a builder wants to develop into student housing, the College Township Council rejected the request. Despite a modified proposal from the developer, Ind.-based Trinitas Ventures, which offered a plan that …
Rezoning Request for Former Manufactured Housing Community Denied Read More
Chicago-based real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (NYSE:ELS) announces its board of directors has declared a two-for-one split of the company’s common stock. The stock dividend will be payable July 15, 2013 to shareholders of record as of July 5, 2013. According to wsj.com, the number of …
Sam Zell’s Equity LifeStyle Properties Declares Stock Split Read More
A Shannon, North Carolina man has been charged with defrauding 45 people of $437,702 by not delivering manufactured homes they had purchased, and is in jail under a $800,000 secured bond. Bradley Malcolm McMillian, 38, is facing two counts of obtaining more than $100,000 worth of property by false pretense, …
Fraud Charges Levied against Manufactured Home Seller Read More
A four-acre site occupied by a manufacturing plant that closed in 1990 and now owned by the Carthage Industrial Development Corp. (CIDC) in Carthage, New York is set for six homes to be built by Thousand Islands Area Habitat for Humanity. In collaboration with the village of Carthage and the …
The measure of consumer confidence rose to its highest level since 2008, and a positive report on durable goods as well as from the housing market spurred U. S. stocks upward, as the Dow regained 100 points following losses in recent days. CNNMoney reports the Dow Jones Industrial Average gained …
Major Three Indexes Gain, Housing Stocks Close Mixed Read More
MHProNews last posted a story May 23, 2013 concerning the closing of a land lease community in State College, Penn. in which the owners were sued for not reimbursing homeowners according to state law, and were ordered to pay. The land has now been sold to Trinitas Ventures, which intends …
Student Housing Planned to Replace Manufactured Housing Community Read More
New home sales rose 2.1 percent in May over April, according to Commerce Dept. figures, the highest rate since 2008. The S&P Case Shiller home price index (HPI) of existing homes rose 12.1 per cent from last year, the best rate in seven years, according to what David Blitzer of …
The Midland Independent School District (MISD) in Midland, Tex. is a step closer to deciding where to site the manufactured homes it will be acquiring to house staff. At a special meeting tonight, June 25, board members may decide whether to site the homes on the grounds of an unused …
Midland School District may Vote on Manufactured Homes Tonight Read More
Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule, …
A new modular transportable cabin has been developed in a range of five designs in Australia. Measuring 29 feet X 12.5 feet, the steel-framed Affordable Portable (AP for short) costs $61,000 and is comprised of two modules. The dwelling includes a fold-down and a loft bed, is fully wired and …
