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 U. S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) have issued new guidelines to assist design professionals, builders and developers in meeting their obligations regarding persons with disabilities when building multifamily housing. The regulations relate to width of doorways and sufficient space in […]
Government Issues Guidelines for Multifamily Housing Read More
Investors responded to purported news that the Federal Reserve may reduce its quantitative easing that is pumping $80 billion into the economy each month by backing off, leaving the three major indexes barely moving. CNNMoney reports the Dow Jones Industrial Average slid -0.18 percent, -26.81 points, to close at 15,091.68.
Fed may Ease Easing, Giving Investors Pause Read More
While many call for the Federal Housing Authority (FHA) to reduce its presence in the mortgage market, it would not be a wise move with purchase loans as low as they are. MHProNews has learned from nationalmortgagenews, even though much of the housing market news is encouraging, only 2.3 million
Policymakers should Deal Gingerly with FHA Read More
Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations
Killam Releases Q1 Results Read More
The Coshocton City Council is trying to set standards on what type of structures may be allowed in the city, according to the coshoctontribune in Ohio. Service Director Jerry Stenner wants to follow the code adopted by the Ohio Revised Code, but also wants to exclude pre-HUD Code homes and
City Revising Statutes Read More
The enterprisecommunity reports in The Horizon that as seniors age in manufactured homes and more baby boomers retire, some of whom will likely live in manufactured homes, the need for accessibility wheelchair ramps will increase. Sam Beall, the Enterprise Rose Architectural Fellow, says if you are lucky to live long
Decrease the Height of Manufactured Homes? Read More
According to palmspringslife, in the 1960’s architect Don Wexler designed seven all steel modular homes in North Palm Springs, Calif. in conjunction with the Alexander Group, each selling for $14,000. The intent was to build 36 homes but the price of materials became prohibitive, as everything except the concrete foundation,
Steel Modular Home Revived Read More
The latimes tells MHProNews one of the exhibits at the Alternative Building Materials & Design Conference and Expo, which opens at the Santa Monica Civic Auditorium, will also feature a modular home like several home shows we have covered recently. The one on display is a “granny flat”by Modular Lifestyles,
Modular Home at another Home Show Read More
According to thepublicopinion from Watertown, South Dakota, a public hearing has been set for May 20, 2013 regarding Pelican Plaza LLC’s application for a conditional use permit for its existing manufactured home community. The public is invited to attend or send written comments to the Codington County zoning officer. As
MHC Owner Applies for Conditional Use Permit Read More
With all three indexes up between 13% and 15% this year, the strengthening dollar compared to the Japanese yen and other currencies led to another positive day on Wall Street. CNNMoney reports the Dow Jones Industrial Average rose +0.24 percent, +35.87 points, to close at 15,118.49. The Nasdaq gained +0.80
Nobility Rises to the Throne as the Three Indexes Show Strength Read More
The National Association of Home Builders (NAHB) informs MHProNews their 55+single-family Housing Market Index (HMI) rose 19 points in the first quarter of 2013 to 46, the largest first quarter increase since the measurement began in 2008. Based on builders’ sentiments about the condition of the market for the coming
Builder Sentiment up for Senior Market Read More
Bloomberg reports Sam Zell, chairman of Equity LifeStyle Properties, Inc. (ELS), says multifamily is the only sector of the real estate market that is a smart investment, and says his real estate holdings are down to 30 percent, a record low for him. Noting stocks are overvalued (the S&P is
Zell: Multifamily a Good Investment Read More
According to CPExecutive, Canyon Capital Realty Advisors and Citi are partnering in a venture to acquire modular workforce housing in underserved areas across the country. Backed by $800 million, the Canyon Multifamily Impact Fund is targeting properties priced from $20 million to $90 million. “Amid increased housing costs across the
Partners Prowling for Workforce Housing Read More
The riograndesun informs MHProNews the Rio Arriba County Commissioners in New Mexico have adopted a resolution that would require manufactured home owners to obtain a tax certificate before moving their homes. While public hearings would be held before the the measure becomes law, the resolution would assess a $10 tax
County Tries to Catch the Scofflaws Read More
Not much was moving on the U. S. stock market today, although the Dow nearly flirted with 15,150 early this afternoon but settled at 15,082.62, dropping -0.15 percent, -22.5 points. Meanwhile, CNNMoney reports, the Nasdaq slid -0.12 percent, -4.10 points, to finish at 3,409.17, while the S&P lost -0.37 percent,
Major Indexes Drift Downward; Housing Stocks Close Mixed Read More
As follow-up to a post MHProNews published April 8, 2013 about Lippert Components, Inc. requesting a tax break for expanding its operations at three plants in Goshen, Ind., according to the Goshen News approval came from the Goshen City Council May 7 for tax phase-ins. Component supplier to the manufactured
City Council Approves Tax Breaks Read More
The industryandtechnologytimes informs MHProNews Japanese builder Kase Sogo will partner with S. Korea’s G. S. Architects & Associates to establish modular home builder Kase Co. in Korea. Model homes will be built near temples in Seoul and Gyeonggi Province, although customization is also available. A Kase Co. official said, “Given
Modular Homes Expanding into Korean Market Read More
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013, from $2,738,000 to $5,254,000, from $0.18 a diluted share in Q1 of last year to $0.30 per diluted share Q1
UMH Revenues Nearly Double Read More
HousingWire tells MHProNews that the most recent CoreLogic home price index spiked 10.5 percent nationally, the 13th consecutive monthly increase in home prices nationally. “For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year,” said
CoreLogic reports Home Price Jump Read More
According to cbsnews, a report based on recent data from the Census Bureau American Community Survey states that the percentage of renters paying over 50 percent of their income increased from 22.8 percent to 26.4 percent. The foreclosure crisis, falling home prices, and tighter credit drove former homeowners into rentals
Falling Income may Stall Recovery Read More
