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.
Investors fretting about tepid retail sales and weak consumer confidence put the lid on index advances, although the Dow is up two percent on the week. CNNMoney reports the Dow Jones Industrial Average lost -0.08 points, not enough to amount to a percentage, ending the week at 14,865.06, still only […]
Dow Up 2% on Week, Manufactured Housing Composite Down 5% Read More
The digitaljournal informs MHProNews that Killam Properties, Inc. of Halifax, Nova Scotia, Canada will announce its financials for the quarter ending March 31, 2013 on May 7, 2013 after the close of the market. A conference call to discuss the findings will follow on Wed. May 8, 2013 at 9
Killam to Release Q1 Numbers Read More
A bill introduced in the North Carolina legislature would bar counties from enforcing laws that exclude manufactured housing from residential areas with other single-family homes, according to citizentimes of Asheville. State Rep. Nathan Ramsey, Republican from Buncombe County, informs MHProNews, “Everyone knows affordable housing is a problem in Western North
Bill would Expand Siting of Manufactured Housing Read More
MHProNews has learned from The Federal Register that the Manufactured Housing Consensus Committee (MHCC) Structural and Design Subcommittee will hold a teleconference meeting Tue. April 23 from 1 PM to 4 PM EST. The agenda tentatively includes discussion regarding alternative foundation system testing, formaldehyde testing, and standards for windows, sliding
Manufactured Housing Consensus Committee Sets Teleconference Date Read More
If you Google “definition manufactured home,” what pops up may surprise you. “Mobile home: a large house trailer that can be connected to utilities and can be parked in one place and used as permanent housing.” Credit for the entry is Princeton University’s WordNet. MHProNews publisher L. A. “Tony” Kovach
1960’s Definition of Manufactured Housing Clouds Industry Read More
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
