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.
Mortgage applications rose five percent for the week ending June 7, a turnaround from the 11.5 percent drop the previous week, according to what the Mortgage Bankers Association (MBA) tells HousingWire. Although 11 percent lower than the two weeks prior, and 36 percent below the high point at the beginning …
According to the National Association of Realtors (NAR), five to six million renter households will be created within the next ten years, as reported in HousingWire. The Census Bureau says renting households increased substantially from 2008 to 39 million, and that number will rise to 41 million in two years. …
As virtual-strategy.com tells MHProNews from Olympia, Wash., the Manufactured Housing Recreational Vehicle (MHRV) Show Association has donated a portion of its ticket sales from shows in Feb. and May, 2013 to Washington State Parks. A special presentation was held in Olympia when the association presented a check for $7,188 to …
Manufactured Housing Supports Washington State Parks Read More
U. S. stocks started the day strong but began a downward trajectory as continuing concern over the Federal Reserve’s narrowing of its support for the economy led to the Dow dropping over 100 points. CNNMoney reports the Dow Jones Industrial Average lost -0.84 percent, -126.79 points, to close at 14,995.23. …
According to thetimes-tribune, a modular house built by some 50 students at Johnson college in Scranton, Penn. is scheduled to move up a winding road today where it will be sited and prepared for its new inhabitants. Although the school has been building modular homes as part of the construction …
MHProNews has learned from brandoninfo the Brandon (Minn.) City Council has upheld the decision of the city’s Planning and Zoning Board of Adjustment to approve the siting of a modular home. Neighbors, claiming the residence will harm property values, had complained that the structure was a manufactured home and was …
The demingheadlight informs MHProNews sales of single-family homes surpassed those of manufactured homes (MH) in Deming, NM in the southwest corner of the state in the last year. From May 2012 to June 2013 87 single-family homes were sold, as compared to 35 MH that changed hands in the same …
According to mywesttexas, as housing tightens in Midland, Texas, teachers for the Midland Independent School District (MISD) are finding housing they can afford scarce. The school administration and trustees are exploring homesite possibilities for 50 manufactured homes it intends to acquire and then rent to teachers for $500 a month. …
School District wants Manufactured Housing for Teachers Read More
In an interview with reit.com, UMH Properties (NYSE:UMH) president and CEO Sam Landy says occupancy rates have risen at the company’s 68 manufactured home communities comprised of 12,800 homesites because of the strength of the rental market. UMH rented 200 units last year and intends to fill another 200 this …
Investors, sensing the heavy hand of the Federal Reserve possibly withdrawing support from the economy along with other central banks, stepped back from the dance floor today as all three indexes dropped during a session of severe ups and downs. CNNMoney reports the Dow Jones Industrial Average moved down -0.76 …
In an appeal from the Manufactured Housing Institute, MHI Chairman Nathan Smith says unless the Preserving Access to Manufactured Housing Act (H.R. 1779) becomes law, low-to-moderate income prospective buyers will face a tougher time trying to purchase a manufactured home, due to Dodd-Frank Act provisions. The bill will alter the …
To meet the growing demand for housing in Atikokan, Ontario, Canada, Dave Bjorkman is opening Northwestern Modular Homes to provide an affordable alternative to stick-built homes. He says modular homes from the U S. are less expensive than Canadian models, so he buys from Skyline in Lancaster, Wis., Highland Manufacturing …
The wacotrib informs MHProNews the city of West, Tex., that was hit with the April 17 fertilizer explosion, is exploring the feasibility of bringing modular units to house the residents displaced by the blast. Each structure would house two families, but would cost $10,000 to haul from Killeen, Tex., not …
According to capegazette.village soup, the Delaware Senate modified the rent justification measure that will limit manufactured housing community owners ability to raise rent, a story MHProNews has been following since March 8, 2013. As originally passed, SB 33 says landlords could increase rents based on a formula tied to the …
Updating a story MHProNews published April 23, 2013 concerning guidelines for homes in residential districts in Brooksville, Hernando County, Fla., tampabay reports the planning and zoning commission passed the ordinance 3-2. It resembles the “similarity ordinance” that was enacted in 2000 but then repealed in 2010 at the request of …
Investors stepped back from the market today, which had digested a good jobs report on Friday, sending all three indexes above one percent gains. But today, stocks drifted and moved very little. CNNMoney reports the Dow Jones Industrial Average nudged down -0.06 percent, -9.53 points, to close at 15,238.59. The …
Three Major Indexes Move Little; Drew Draws the Best Hand Read More
The Manufactured Housing Institute (MHI) informs MHProNews leaders from MHI and the Manufactured Housing Association for Regulatory Reform (MHARR) met with Sen. Joe Donnelly (D-IN) seeking assistance for the appointment of a Non-Career Administrator for HUD’s Manufactured Housing Program. In spite of the industry’s efforts to have the position filled …
Sen. Donnelly to Help Find Non-Career Administrator Read More
HousingWire reports a survey by Fannie Mae reveals ten percent more respondents in May than the previous month said it is a good time to sell a house, while five percent more said it is a better time to buy. Doug Duncan, chief economist at Fannie Mae, noting those who …
A guided bus tour sponsored by the Madison (WI) Trust for Historic Preservation will explore the history of residential architecture and their neighborhoods from the 1850’s to the 1950’s in Madison, Sat., June 10. Included on the tour will be a neighborhood of modular metal Lustron houses, built for returning …
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), reminds MHProNews readers that Iowa law requires an annual report from each manufactured home community owner/manager that includes the names of all community home owners with their addresses. Filed with the county treasurer, the report is due each year …
