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.
HousingWire informs MHProNews a letter from prominent state attorneys general is calling on President Obama to replace Edward DeMarco, the acting head of the Federal Housing Finance Agency (FHFA), because they say his policy of refusing to allow principal reductions on loans backed by the GSEs that could result in […]
State Attorneys General: Replace DeMarco Read More
According to nationalmortgagenews, the first-quarter Zillow home price expectations survey reveals that 118 economists, real estate specialists, investment and market analysts believe home prices will rise this year 4.2 percent and hit 22 percent over the next five years, exceeding pre-bubble rates by 2017. While the most optimistic respondents say
Survey Says: Home Values to Rise over 20 Percent Read More
U. S. stocks slid on troubling financial news from the tiny island of Cyprus, reminding financial markets of the fragile nature of the European economy, although analysts do not think the effect will be very long-lasting. CNNMoney reports the Dow Jones Industrial Average edged down -0.43 percent, -62.05 points, to
Skyline Regains Less than Half of Friday’s Loss; Major Indexes Slip Read More
MHProNews has learned from grandforksherald Genco Bakken Development is planning 200 affordable housing units in Grand Forks, ND in the northeast corner of the state. Genco finalized the purchased of 71 lots, named Thames Court, from the Grand Forks Housing Authority this month and intends to begin as soon as
Modular Mixed with Stick-built Read More
Single-family home builder confidence slipped for the third consecutive month, falling two points to 44 for March, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). MHProNews has learned any number above 50 indicates the outlook for the next six months is good rather than poor.
Builder Confidence Wanes Read More
Updating a story we posted March 8, 2013 concerning a program to demolish abandoned factory-built homes in Onslow County in southeastern North Carolina, MHProNews has just learned from jdnews the program will run through Feb. 2014. The initiative is funded jointly by grants from the state’s Manufactured Home Demolition Assistance
Program Will Run another Year Read More
HousingWire informs MHProNews that 87 percent of the respondents in a recent survey by JPMorgan Chase say home ownership remains part of their dream. Seventy-five percent envision owning a home as crucial to raising a family, and 66 percent believe it is a good investment. Compared to six months ago,
Survey: The Dream is Alive! Read More
A fully furnished and landscaped modular home will be one of the featured attractions returning to the the Original Western Mass. Home & Garden Show that runs from March 21-24 at the Eastern States Exposition in West Springfield, Mass. Now in its sixtieth year, the show’s 350+ plus vendors will
Modular Home will Return to Show Read More
According to capenews in a report from eastern Mass., a modular home builder in Marstons Mills, Donald B. Shulman, has been accused of essentially running a Ponzi scheme, with sufficient complaints to have generated a blog entitled “RDA (Realty Development Associates) Donald Shulman Victims.” Monthly meetings are attended by people
Modular Builder Accused of Ponzi Scheme Read More
The dailypilot informs MHProNews from Costa Mesa, Calif., just south of Los Angeles, a number of MHCs, especially those with a view of the ocean, may be on the verge of conversion to condominiums or other types of development. The Golden State Manufactured-Home Owners League (GSMOL) has been meeting with
MHC Residents Seek Closure Ordinance Read More
An unexpected drop in the Thomson Reuters/University of Michigan consumer sentiment index ended the Dow’s ten day winning steak, the best run since 1996. CNNMoney reports the Dow Jones Industrial Average edged down -0.17 percent, -25.03 points, to close at 14,514.11. The Nasdaq fell -0.30 percent, -9.86 points, to close
Dow Ends Run, Sky Falls Read More
The Manufactured Housing Institute (MHI) informs MHProNews at their Board Meeting Feb. 25, president and CEO Richard Jennison presented the three issues which MHI is newly collaborating on with the Manufactured Housing Association for Regulatory Reform (MHARR): 1) have a non-career head of the MH program at HUD; 2) have
MHI & MHARR Begin Joint Project Read More
With occupancy rates hovering near 97 percent in the South Florida apartment market, the bidding for Class A multi-units is so competitive many investors are seeking out lesser quality buildings, according to worldpropertychannel. In 2012 sales of multifamily units in the one million to ten million-dollar range reached $490 million,
S. Fla. Market Heating Up Read More
Although he had city approval, when neighbors opposed Martin Newton’s plan to build a ten-unit, 42 foot tall condominium on his half acre in an older neighborhood near downtown Colorado Springs, Colo., according to JetsonGreen, he chose a modular complex. Working with Liscott Custom Homes’ Rick Hagan of Castle Rock,
Modular Downtown Housing Read More
MarketPlace.org informs MHProNews Eric Belsky, managing director of the Joint Center for Housing Studies at Harvard University, says in 2010 more than 25 percent of renter households paid over 50 percent of their income for rent, an increase from 20 percent in 2000, putting more people at the risk of
Housing Becoming More Expensive Read More
As follow-up to a story we last posted May 17, 2011 whereby the U.S. Supreme Court confirmed a lower court’s ruling that rent control at Rancho Mobile Home Estates in Goleta, Calif. is constitutional, the owner of Rancho, Daniel Guggenheim, recently won a state case that permits him to sell
MHC Owner Wins Right to Sell Sites Read More
HousingWire informs MHProNews Chairman of the House Financial Services Committee, Rep. Randy Neugebauer, (R-TX), during a committee hearing on the private mortgage insurance market, noted that the Federal Housing Administration (FHA) continues to risk taxpayer dollars. In regard to FHA and its Mutual Mortgage Insurance Fund, he says, “FHA does
Financial Services Committee Chair: Rein in FHA Read More
NationalMortgageNews reports with the mortgage industry complaining that the qualified mortgage (QM) rule issued by the Consumer Financial Protection Bureau (CFPB) will hinder hundreds of thousands of potential borrowers from obtaining a QM loan, HR Bill 1077 clears up the three percent cap on points and fees in the QM
Measure to Clarify 3% Cap Read More
The unexpected drop in first-time jobless claims combined with recent reports of a falling unemployment rate kept the Dow going as it experienced ten consecutive days of gains, the best run up since 1996. CNNMoney reports the Dow Jones Industrial Average added +0.58 percent, +83.86 points, to close at 14,539.14.
Most Housing Stocks Advance as Dow Extends Run Read More
According to nationmultimedia from Thailand, Thai conglomerate SCG (Siam Cement Group) and Japan’s Sekisui have entered a partnership to build modular homes at Hemaraj Industrial Estate in Saraburi , and will target the middle-range market in Thailand. Production will begin this month at the new facility which has the capacity
Thailand, Japan Partner to Build Modular Homes Read More
