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 Dept. of Housing and Urban Development (HUD)’s Choice Neighborhood Program will provide $109 million in grants to revitalize public and HUD-assisted housing as a means of transforming desolate communities. HousingWire says Choice Neighborhoods program focuses on three goals: replacing distressed housing, improving educational outcomes for youth and rehabilitating decimated […]
HUD Grants to Spur Urban Housing Read More
All three indexes lost over one percent in a strong sell-off of stocks to end the month, although all three are on the plus side for May. The Dow Jones Industrial Average marked the sixth consecutive monthly gain; all three indexes are up approximately 16 percent on the year. CNNMoney
Indexes, Most Tracked Housing Stocks all Fall Down Read More
The Rumbling Bald Resort area of Lake Lure in western North Carolina has a new name on the Approved Builder roster: Vision Building Group (VBG) spent most of last year building and finishing a modular home at the resort. PRWeb says the company can now be used by current and
New Mod on the Block Read More
Saying it is too difficult to calculate individual pay early in the origination process, the Consumer Financial Protection Bureau (CFPB) now says loan officer compensation should not be included in the three percent cap threshold under the qualified mortgage rule. However, as nationalmortgagenews informs MHProNews, compensation paid by the creditor
CFPB: Cap Excludes Comp Read More
With a 174-acre tract of land donated to the state for Florida Polytechnic University in Lakeland, Fla., on which classroom construction is progressing, officials are concerned about the lack of housing, according to what theledger tells MHProNews. Rob Gidel, chairman of the school’s board of trustees, questions whether housing for
School may Opt for Modular Read More
MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading
Cavco Stock Upgraded Read More
Where any number over 50 indicates more builders see the market as improving rather than getting worse, the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) dropped two points to 52, while still marking the fifth consecutive quarter with a reading over 50. The MPI measures construction of
Multifamily Sector Continues Rebounding Read More
Tepid economic news and a sell off of Japanese stocks did not budge the three major indexes as they gained modestly, increasing their rise for the year of 16-18 percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.14 percent, 21.73 points, to close at 15,324.53. The Nasdaq moved
Three Indexes Continue Rising; Tracked Housing Stocks Close Mixed Read More
According to the huffingtonpost.ca, Keith Dewey used eight 20-foot shipping containers to construct a 2,000 square-foot house on a lot of 40 feet by 42 feet in Victoria, British Columbia, Canada. Thought to be Canada’s first shipping container building, residential designer Dewey says Zigloo Domestique was inspired by a 20-foot
Containers to Condos Read More
The 1984 video game Tetris has seemingly inspired a Beijing modular, micro-house made of a series of easy-to-assemble, stackable units, as mothernaturenetwork informs MHProNews. Furniture surfaces and envelopes for storage are part of the fiber-reinforced blocks when assembled into a unit, which includes bedroom, bathroom and office modules, interlock-able and
Micro Housing for the Masses Read More
Modular housing builder Northstar Systembuilt will be relocating its assembly line to an existing 53,000 square foot building in Redwood Falls, Minn. in the southwest part of the state from its current facility in Marshall, Minn., according to redwoodfallsgazette. It had received a tax abatement to construct a 36,000 square
Mod Producer Growing Read More
The Napa Valley Register in Calif. offers definitions of mobile, manufactured and modular homes and the appropriate financing. Mortgage banker Chris Salese notes that fateful day of June 15, 1976 when manufactured homes came under the jurisdiction of the Department of Housing and Urban Development (HUD) and the regulated production
Guidelines for Buying Factory-built Homes Read More
As it is noted in the aransaspassprogress, the Ingleside on the Bay (IOB) City Council (Tex.) heard recommendations from a committee wanting to update the city’s MH/RV ordinance. They suggested no manufactured homes should be sited in the city, and RVs may visit an occupied dwelling for three days if
Texas Town Developing New Ordinance Read More
MHProNews has learned from the Brunswick Times-Gazette an amendment to a Conditional Use Permit has been approved by the Brunswick County Board of Supervisors in Lawrenceville, Vir. The original permit was for Knob Hill Mobile Home Park, a 34 homesite manufactured housing community, previously approved. The amendment, also approved, allows
Amendment to Permit Approved Read More
After nearly seven years of planning, tworiverstribune tells MHProNews ground was finally broken May 17 for the Hoopa Valley Tribal Housing Authority project in northwestern California. Comprised of ten apartments and 13 single-family modular homes, the housing will be built in the Campbell Field Subdivision. The initial phase for the
Modular Homes on Tap for Native Americans Read More
The starphoenix of Saskatoon, Saskatchewan, Canada tells MHProNews a modular housing complex for 180 people was completed in just 59 days at Cold Lake, Alberta, Canada. 3twenty Solutions of Saskatoon built the three-story complex for the Department of National Defense and to accommodate international visitors. Each room has two beds,
Modular Housing Project Finished Within Two Months Read More
Concerns about what will happen when the Federal Reserve ends its quantitative easing led to stocks dropping sharply in today’s trading. CNNMoney reports the Dow Jones Industrial Average fell -106.59 points, almost the exact amount it gained in yesterday’s trading, -0.69 percent, to close at 15,302.80. The Nasdaq dropped -0.61
Three Major Indexes, most Tracked Housing Stocks Decline Read More
Woodward County Commissioners in Woodward, Okla. are moving forward on a zoning request change for a subdivision comprised of 36 one-acre lots for manufactured and modular housing as well as for stick-built homes. A public hearing is set for June 10 at a regularly scheduled county commissioners meeting for those
Oklahoma Prepares for Factory-built Subdivision Read More
The independentweekender informs MHProNews the Susquehanna County Redevelopment Authority plans to construct six modular, senior rental units in New Milford Borough in northeast Pennsylvania in an attempt to increase the affordable housing stock. The authority is seeking $1.1 million for the project through the Pennsylvania Housing Affordability and Rehabilitation Enhancement
Eastern PA Applies for Modular Housing Funding Read More
The tri-parishtimes informs MHProNews that alleged overpayments to several staff members and other wrongdoing by the Morgan City Housing Authority (MCHA) in Morgan City, Louisiana may be investigated by the Dept. of Housing and Urban Development (HUD), which would likely forestall a planned modular public housing community. Federal civil service
Alleged Funds Mismanagement may Mar Affordable Mods Read More
