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.
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
Kiplinger informs MHProNews a Virginia couple wanted to build a home in a mountainous area but could not get county approval for nearly two years because of the steep slopes, succeeded in having a 2,200 square foot custom modular home installed. Built by Jakobsen and Rowe of Purcellville, Vir., the
Modular Builds in Mountains Read More
The Memphis-Shelby County Office of Planning and Development (OPD) has recommended approval of the former Memphis Mobile City that flooded in 2010 and 2011 becoming an RV resort with over 100 sites, as memphisdailynews tells MHProNews. The adjoining 33 acres not in a floodplain would be a 101-site manufactured home
Site Approved for MHC Development Read More
Spurred on by better-than-expected Feb. retail sales, the Dow closed at an all-time high for the seventh straight day; the S&P is less than one percent below its best reading which it reached in 2007. CNNMoney reports the Dow Jones Industrial Average added +0.04 percent, +5.22 points, to close at
Dow Sets another Record; AMG Finds Traction Read More
According to originationnews, home loan applications followed by the Mortgage Bankers Association (MBA) fell 4.7 percent on a seasonally-adjusted basis, fed by a boost in employment figures that led to the 30-year fixed mortgage rate (FRM) reaching its highest level since August, 2012. The average for conforming 30-year FRMs rose
Loan Apps fall as Rates Rise Read More
According to the kilgorenewsherald, the city council in the northeast Texas town of New London granted permission to a new resident to install a manufactured home on a half-acre of land. The owner agreed to follow city ordinances regarding porches and skirting. Also, the owner of a multi-section manufactured home
City Water Available to Manufactured Homes Read More
Updating a story MHProNews posted Feb. 4, 2013 regarding the need for new housing for migrant workers, the salemnews reports from Peabody, Mass. Mayor Ted Bettencourt is asking the city council to quickly approve $180,000 to construct a new modular housing facility for the Jamaican employees who tend and harvest
New Modular Housing for Migrants Read More
MarketWire says The Freedonia Group, Inc. of Cleveland, Ohio in a new study projects that manufactured housing production will rise 13.6 percent annually to 90,000 units by 2017 as part of the overall production of 140,000 pre-fabricated homes. Similar to a report MHProNews posted Feb. 28, 2013, Freedonia states factory-built
Study Predicts MH Market Share to Drop Read More
GTWeekly informs MHProNews residents and former residents of De Anza Mobile Home Park in Santa Cruz, Calif. gathered recently to discuss the community’s loss of rent control in 2003 after a four-year federal battle between the city and what is now Equity LifeStyle Properties (ELS). The judge ruled rent control
MHC Residents Gather over Rent Control Issue Read More
MarketWatch reports Sun Communities, Inc. intends to offer 4,500,000 shares of its common stock in a underwritten registered public offering. Proceeds will be used to repay debt, fund acquisitions, and for general corporate purposes. As underwriters, Bank of America Merrill Lynch, Citigroup, and BMO Capital Markets will have a 30-day
HousingWire informs MHProNews, as the inventory of available homes continues to drop—Capital Economics says there are only 2.7 million units on the market, the sixth lowest in 30 years– homebuilders are patiently waiting for renters to transition into buyers. According to a survey by Opinion Research Corp. on behalf of
Half of Renters Want to Buy Read More
HousingWire reports during a Senate Banking Committee hearing concerning the nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) for a second term, some committee members put Cordray on the hot seat. They grilled him about his operation of the agency and what would happen to the
Cordray Nomination on the Line Read More
Although all three indexes are up seven to ten percent for the year, the U. S. stock market took a breather today after choppy trading on the big board. Some analysts speculate a pullback may be in the works, and that it would be a healthy thing for the market.
Investors Step Back; Most Housing Stocks We Cover Drop Read More
