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 pegasusmarkets, East Dallas (TX) entrepreneur Jeremy Turner is transforming a 1955 Spartan trailer into a mobile art gallery to provide emerging artists with an outlet to display and sell their work. Called CART, the interior will be gutted and outfitted with white walls, gallery lighting, and air conditioning. […]
Vintage Trailer to become Mobile Art Gallery Read More
BusinessInsider tells MHProNews the chief economist at Gluskin Sheff, David Rosenberg, citing the drop in mortgage applications from a year-over-year rate of 16% in Jan. 2013 to only three percent today—they fell 1.3 percent the week ending April 5– says U. S. housing demand is beginning to slow. He says
Hitch in the Housing Market Recovery? Read More
The Dow Jones and the S&P 500 both continued their climb, hitting new record highs as the three major indexes made modest gains in trading today. CNNMoney reports the Dow Jones Industrial Average gained +0.42 percent, +62.9 points, to end the day at 14,865.14, one percent shy of 16,000. The
Skyline Falls while Dow and S&P Set New Records Read More
As fastcoexist.com informs MHProNews, a group of Stanford University students in Calif. have developed a modular home “Core” concept—the plumbing and most of the mechanicals are basically in a 12′ X 15′ X 10′ box, with wires and ducts fingering out. Start.Home has a kitchen on one face of the
Modular Home has Engine, No Wheels Read More
M & W Trailer Sales opened in Escondico, Calif. in 1959 when customers had two carpet choices—avocado green or harvest gold, and Noel Williams (the ‘W’) lived on the lot in a trailer with his wife. Now called M & W Home Sales, and located in Hemet, Calif., The Press
Carrying on a Family Tradition Read More
CNNMoney tells MHProNews evidence strongly suggests the real estate nightmare is coming to an end, as, according to data provider CoreLogic, home prices over the past year rose in 92 of the 100 largest real estate markets. Sales volume increased in 69 of the top 100 markets and 35 showed
Home Sales and Indications Continue to Rise Read More
MHI’s National Communities Council (NCC) has announced that it is expanding its current slate of networking and business building opportunities by creating a new flagship leadership and networking event to be held each fall. The first annual NCC Fall Leadership Forum will be held On October 16-18, 2013 at the
2013 NCC Fall Leadership Forum Announced Read More
For the first time in the history of the Federal Housing Administration (FHA), with its mortgage fund a minus $13.5 billion, the agency may need a government bailout by October, as HousingWire tells MHProNews. FHA Commissioner Carol Galante said, “The President’s budget projects that FHA may need a $943 million
FHA may need Bailout After All Read More
Upon the release of Federal Reserve minutes saying the quantitative easing will continue through mid 2013, investors roared their approval, pushing the Dow and S&P to close at new record highs. CNNMoney reports the Dow Jones Industrial Average advanced +0.88 percent, +128.78 points, to end the day at 14,802.24. The
Dow, S&P Hit New Highs; Tracked Housing Stocks Minus One Advance Read More
According to rrobserver, MHProNews has learned Sandoval County (New Mexico) Treasurer Laura Sandoval says nearly half of all manufactured homes in the county, representing 1,905 properties, owe property taxes that are delinquent, totaling $600,000. Of these, 721 homes have unknown addresses or only a post office box; 535 manufactured homes
Delinquent Taxes Total over Half a Million Read More
Canada.com informs MHProNews MHC owner Larry Gaudreau, noting that communities built in the 1940’s and 1950’s have deteriorating infrastructures that cannot be replaced without moving residents out, says the government needs more affordable housing for these people, as well as to meet future needs. “More than 50 per cent of
British Columbia needs more Manufactured Housing Communities Read More
The National Association of Home Buyers (NAHB), testifying before the House Financial Services Subcommittee on Housing and Insurance, urged lawmakers to move cautiously in reforming the Federal Housing Administration (FHA) because the tight lending standards are already preventing qualified home-buyers from obtaining mortgages, as MHProNews has learned. NAHB First Vice
NAHB Testifies before Congressional Subcommittee Read More
According to vcstar, legislation introduced by state Sen. Hannah Beth-Jackson of California would require that a majority of residents of an MHC favor the conversion of their community into resident-owned homesites, or the plan can be denied. The Ventura City Council voted 7-0 in favor of the resolution, as MHProNews
Resolution Supports Senate Legislation Read More
As themercury tells MHProNews from Australia, modular homebuilder EMAC Systembuilt Group announces it has acquired Mornington Park Homes Pty Ltd, an affiliate of the now defunct Park Homes group. Mornington was placed in receivership last month after it defaulted on loans. The new venture will be called System Built Homes,
Modular Builder Down Under Sold Read More
According to what HousingWire tells MHProNews, 70 percent of lender professionals believe the housing recovery is real, and will continue to improve during the coming six months. Sixty percent of bankers think credit will be available over the next six months for refinancings, and 59 percent say credit will be
Lenders Say Housing Recovery is Happening Read More
Stocks started the day slow but were energized in afternoon trading as corporate returns began trickling in, pushing the Dow to a new high. CNNMoney reports the Dow Jones Industrial Average advanced +0.41 percent, +59.98 points, to end the day at 14,673.46. The Nasdaq gained +0.48 percent, +15.61 points, to
Dow Hits New High while most Tracked Housing Stocks Lose Ground Read More
Laurie Maggiano, policy director for the U. S. Treasury’s Homeownership Preservation Office, says many people continue to be left out of the housing recovery, and if fact are still struggling, and how the Obama administration hopes to change that. A partnership between the Treasury and NeighborWorks America will reach out
Housing Recovery Passing over First-time Prospects Read More
UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by
In addressing the strength of the housing market recovery, as HousingWire tells MHProNews, experts expressed different views. Anthony Sanders, professor of real estate finance at George Mason University, says the market is improving, but slow job growth, stagnant incomes (except for the top five percent), and increasing government involvement are
Differing Views on the Housing Recovery Read More
A coalition of non-profits and consumer organizations are encouraging residents of often modest means to seek co-op ownership as a means to increase equity in their property and control rents in Mass. The patriotledger reports of the 250 manufactured home communities in the state, only 25 have become cooperatives, but
Massachusetts Adding Cooperatives Read More
