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.
An article in NuwireInvestor refutes the charge in a Wall Street Journal piece from Dec. 11, 2012 that the manufactured housing market is declining while the site-built market is rebounding. Of the 50,000 MHCs in the nation, 45,000 serve as affordable housing for those who pay around $500 a month […]
The seattletimes reports with the 2012 median price of a house up seven percent since 2007, the Seattle Home Show will have its first full size home at the show in six years. Built by Fleetwood Homes, the 1,365 square-foot Rambler will take the place of 800 square-foot model homes
Home Show Features HUD & MOD Read More
the unionleader informs MHProNews an amended ordinance before the town board in Windham, NH would permit multi-unit housing, including duplexes, with less than seven units in Residence C district, which is currently zoned for manufactured housing. Another ordinance would limit boarding and rooming houses to the business district, while continuing
MH Will have Mixed Company Read More
TribLive tells MHProNews credit reporting agency TransUnion reports mortgage delinquencies have dropped to a four year low. The percentage of borrowers 60 days late fell to 5.19 percent in the last quarter of 2012, down almost 14 percent from the same period a year earlier. Prior to the housing downturn,
Mortgage Delinquencies Fall Read More
The National Association of Home Builders (NAHB) informs MHProNews builder confidence in the 55+ housing market for single-family homes grew by ten points in the fourth quarter 2012 versus the same period the year previous. NAHB’s Housing Market Index (HMI) measures builder sentiment based on current sales, prospective buyer traffic,
Senior Housing Market Looking Up Read More
AOLRealEstate reports a survey by Prudential Real Estate reveals 77 percent of the respondents 25-34 and 78 percent of those 35-44 see homeownership as very important as the recession fades into history. Eighty-five million Generation Xers and Millennials, many of whom were not impacted by the housing bubble, are generally
Home Ownership Sentiment Still Strong Read More
HousingWire reports the National Association of Realtors (NAR) says Q4 2012 witnessed the strongest year-over-year median home price rise in seven years. NAR’s chief economist Lawrence Yun says with the lowest unsold inventory of homes in 12 years, and the population growing faster than the housing stock, the existing median
Median Home Price Rises, Distressed Home Sales Drop Read More
With the Dow and S&P up nearly seven percent and the Nasdaq up almost six percent this year, investors stepped back from the trading table as the three indexes dropped slightly. CNNMoney reports the Dow Jones Industrial Average nudged down -0.16 percent, -21.73 points, to end the day at 13,971.24.
LPX, Skyline Rise; Major Indexes Nudge Down Read More
The rutlandjournal reports that Mountain View Modular Homes has relocated its office and showroom to a more visible location in downtown Rutland, VT. Owner Drew Pierce offers custom modular homes made by Ritz-Craft of Pennsylvania starting below $100,000, as well as log cabins and garages. As MHProNews has learned, Pierce
MOD Biz Moves Uptown Read More
FastCompany is reporting the tenth top most innovative architectural firm in the world is Lake|Flato Architects of San Antonio, Tex., reinvigorators of the Hotel San Jose in Austin and the Thunderbird Motel in Marfa, Tex. MHProNews has learned the company recently announced the design of a series of high end,
Deep in the Mods of Texas Read More
MHProNews has learned from the-star.co.ke the National Housing Council in Kenya, Africa is opening a new factory to produce modular homes made of Expanded Polystyrene Panels (EPS) that can save 30-50% in construction costs. The panels have galvanized mesh on both sides which are then coated with concrete, resisting heat,
Plant Opens to Produce MODs in Kenya Read More
IBerkshires reports the town of Williamstown, Mass. has applied for a $6.25 million Hazard Mitigation Grant to buy out Spruces Mobile Home Park, pay MHC owner Morgan Management $600,000, and remove the infrastructure so no one could live there. Bordering the Hoosic River, the area was hit hard by flooding
Future of MHC may Hinge on Grant Read More
KnoxNews informs MHProNews from Maryville, Tenn., Clayton Homes CEO Kevin Clayton announced the company is teaming up with long-time educator Patricia Bradley to open the first private STEM (science, technology, engineering and math) school in Tenn. With an acamedic calendar based on year-round education—nine weeks on, three weeks off– the
Clayton Homes Siting School Read More
MHProNews has learned of the death of Ed Hussey, Sr., 95, president and chairman of the board of Liberty Homes, of Goshen, IN for over 40 years. An outspoken advocate and strong supporter of the manufactured housing industry, he served two terms as chairman of the Manufactured Housing Institute (MHI)
Passages: Edward J. Hussey, Sr. Read More
The chicagotribune informs MHProNews Ill. Governor Pat Quinn has signed Senate Bill 16 to speed up the foreclosure process on abandoned single-family homes and multifamily buildings of less than seven units. The current average of 600 days will be shortened to 90-180 days for foreclosure. In addition, lenders will be
Measure will Shorten Foreclosure Time Read More
As nationalmortgagenews tells MHProNews the Third Circuit U. S. Court of Appeals in Philadelphia ruled that a homeowner can file suit to rescind a mortgage past the statutory three-year limit providing they filed a notice within the three years. The Consumer Financial Protection Bureau (CFPB) filed a brief supporting the
Appeals Courts Split over Rescission Read More
HousingWire informs MHProNews, according to the Obama Administration’s January housing scorecard, many signs point to a recovering housing market but all danger signs have not disappeared. The number of underwater borrowers has fallen from 10.78 million in the previous quarter to 10.67 million in Jan.; and existing homes for sale
Housing Market Continues to Show Recovery Read More
Better-than-expected earnings reports helped push U. S stocks to the plus column today as the S&P and Nasdaq made gains for the week. CNNMoney reports the Dow Jones Industrial Average nudged up +0.35 percent, +48.92 points, to end the day at 13,992.97. The Nasdaq gained +0.91 percent, +28.74, to close
Manufactured Housing Composite Outshines Indexes and Stocks Read More
The vernonmorningstar tells MHProNews from Lumby, BC in south central British Columbia, Canada the council has finalized a new set of zoning bylaws. One of them permits a laying hen on any lot that has a single-family dwelling zoned rural or residential, excluding manufactured home communities. (Image credit: iClipart)
Chickens Outlawed from MHC Read More
MHProNews has learned from nationalmortgagenews the average rate for a 30-year fixed-rate mortgage (FRM) according to Freddie Mac’s weekly survey remained steady at 3.53%, while a 15-year FRM dropped four basis points to 2.77%. Compared to last Feb. at this time, a 30- year average FRM is 34 basis points
Mortgage Rates Lower than Last Year Read More
