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.
According to what hibbingmn tells MHProNews, Minnesota State Representative Jason Metsa has been recognized by the Manufactured & Modular Home Association of Minnesota (MMHA) with its 2013 Friend of Affordable Housing Award for his efforts during this year’s legislative session. MMHA President Mark Brunner said, “Rep. Metsa was particularly effective …
Affordable Housing Award goes to Minnesota State Legislator Read More
Manufactured housing professionals have long known that an image building campaign would benefit the industry in many ways. So it’s no surprise that First State Manufactured Housing Association’s Jennifer Allen, Tim Williams from the Ohio Manufactured Homes Association and a number of other industry executives and professionals have expressed encouragement …
Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to nasdaq.com. Cavco will issue common stock to Third Avenue in consideration as per their original 2009 agreement in forming …
With concerns growing over when the Federal Reserve Bank will slow its quantitative easing and the subsequent effect on the economy, of 39 economists and investment advisors surveyed, nearly two-thirds do not think it will begin before Dec. 2013, and some not till 2014. As MHProNews has learned from CNNMoney, …
Federal Reserve may Taper Stimulus Program this Year Read More
Mixed economic reports and concern over when the Fed may taper the quantitative easing that is pumping $85 billion into the economy troubled the stock market today. CNNMoney reports the Dow Jones Industrial Average fell -0.70 percent, -105.90 points, to end the week at 15,070.18. The Nasdaq dropped -0.63 percent, …
Three Major Indexes Tumble; Tracked Housing Stocks Close Mixed Read More
According to nationalmortggenews a report by the Dallas Federal Reserve Bank says home prices in Texas have recovered to seven percent above the pre-recession highpoint in 2007. One of just ten states to have reached that milestone, Texas is second only to North Dakota in the amount that today’s prices …
MHProNews has learned from charlotteobserver the North Carolina state senate has approved a tax reform plan on second reading with the third and final reading—and likely approval– set for Tue., June 18. The Republican-dominated senate bill includes a tax hike for factory-built homes. Under the new measure the sales tax …
After housing inventory hit low levels not seen in nearly ten years, HousingWire tells MHProNews national inventories rose by 5.82 percent in May over April, much better than last year’s increase for the same two months of 1.77 percent. In addition, the median list price rose 2.10 percent April to …
MHProNews has learned from the seguingazette in Seguin, TX the planning and zoning commission denied a special use request by Cavco Industries, Inc. for the temporary storage of flatbed trailers used to transport modular homes. According to Keith Alexander of Cavco the trailers were used to transport modular barracks to …
From Michigan, WXYZ.com informs MHProNews residents at Woodhaven Place manufactured home community having trouble navigating the roads in their community after a rain because of a drainage problem. While community managers say the city of Woodhaven, located just south of Detroit, are responsible, the city manager for Woodhaven visited the …
As realestaterama informs MHProNews, 13 million people over 50 contend with unaffordable and/or inadequate housing. The AARP (American Association of Retired Persons) Foundation is investing $2.5 million in three different strategies that provide housing for the over 50 crowd who have limited means. One of the recipients is ROC (Resident …
American Association of Retired Persons Funds Manufactured Housing Read More
Strong auto sales and reports of fewer jobless claims led investors to push all three indexes in gaining over one percent in today’s session. CNNMoney reports the Dow Jones Industrial Average gained +1.21 percent, +180.85 points, to close at 15,176.08. The Nasdaq moved up +1.32 percent, +44.94 points, to end …
Deer Valley, LPX, Cavco, AMG Have Energetic Trading Session Read More
According to the president of the Federal Home Land Bank (FHLB) of New York, Alfred DelliBovi says the need for affordable housing is becoming critical, especially as the availability of federal funds for housing decreases. As MHProNews has learned from nationalmortgagenews, each of the banks’ 11 districts has an Affordable …
Affordable Housing Shortage is Critical; Dodd-Frank is “Deadening” Read More
As follow-up to a May 28 MHProNews post regarding a class-action suit filed against the Delaware Manufactured Housing Relocation Authority (DEMHRA) for allegedly collecting a $3 monthly fee for each home illegally, Deputy Attorney General Edward Black says the authority did approve the collecting. Brought by three manufactured housing community …
Delaware Responds to Class-Action Lawsuit regarding Fees Read More
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 …
