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.
The Uniform Law Commission (ULC) states manufactured housing is considered personal property in most states because its origins as a home on wheels (trailer) being towed led to its taxation and licensing as a vehicle, but new MH today generally moves only once–from the sales lot to the site. The …
WSBTV reports residents of Tara Mobile Home Park in Jonesboro, GA just south of Atlanta have endured the abandonment of neighboring Maria Mobile Homes community and the subsequent collection of dumped furnishings and trash, as well as squatters living in the decrepit homes. The water was turned off last year …
LaneReport tells MHProNews Kentucky’s Governor Steve Beshear has reappointed Betty C. Whittaker to serve on the High Performance Buildings Advisory Committee. Executive director of the Kentucky Manufactured Housing Institute (KMHI), Ms. Whittaker is scheduled to serve until her term expires Aug. 22, 2014. (Photo credit: Kentucky Manufactured Housing Institute)
MHProNews has learned from Courthouse News Service Palm Harbor Homes (PHHMQ) is suing three insurers that refused to defend it from 15 disgruntled homeowners in Nevada going back to 2005 and 2006. Palm Harbor alleges American International Group (AIG) issued a commercial liability policy for a Palm Harbor entity in …
Although the Dow has risen over seven percent for the year, investors’ current caution in advance of next week’s corporate earnings reports and ongoing concerns about China and Europe led to a two percent + drop in the Dow this week. CNNMoney reports the Dow Jones Industrial Average rose a …
Nobility and Housing Composite Rise, Skyline Falls Read More
OregonLive tells MHProNews the first modular multifamily affordable apartment project in the Northwest was sited in Portland, Oregon Thurs. Oct 11. Built in Aumsville, OR, Kah San Chako Haws–”East House” in Chinook— took 13 months to design and construct and cost $1.7 million, about $190,000 each unit. Architect Stuart Emmons …
The newburyportnews reports from Salisbury, Mass. manufactured houses cannot be considered affordable housing to help meet the state’s requirement because state law considers MH as temporary. The Town Meeting will petition the legislature to alter the definition to include MH, which will then be sufficient to meet the mandated ten …
KOTARadio in Rapid City, South Dakota tells MHProNews the Legal and Finance Committee denied a proposed ordinance to allow modular homes into manufactured housing communities, without discussion. In limbo for a number of months, at a previous committee meeting members expressed concern the ordinance might allow manufactured housing into other …
According to nationalmortgagenews foreclosure filings dropped seven percent in Sept. to the lowest reading since the fourth quarter of 2007, a total of 180,427 properties. RealtyTrac tells MHProNews filings fell year-over-year 16 percent. For the third quarter 2012, the 531,576 foreclosure filings amount to a five percent decline from the …
According to the Manufactured Housing Institute, the shipment of manufactured homes reported by Indiana increased 19.7 percent Aug. 2012 over the same month of 2011. On the year, shipments have risen 39.9 percent, from 2,286 homes Jan.-Aug. 2011, to 3,207 for the same period of 2012. As MHProNews reported Oct. …
Stocks rose on lowered reported jobless claims, but then fell on news the numbers were incorrect, leaving the three major indexes to move less than 0.15 percent in either direction. Trading is not anticipated to be particularly active in advance of the presidential elections next month. CNNMoney reports the Dow …
Patrick Spikes, Nobility Slides, Three Indexes on Fence Read More
A larger than expected drop in jobless claims last week was the result of one large state not filing their quarterly report, not the result of more jobs being filled. YAHOO! Finance reports the Labor Department said jobless claims fell by a seasonally-adjusted rate of 30,000 last week, resulting in …
The Texas Manufactured Housing Association (TMHA) tells MHProNews TMHA Executive Director DJ Pendleton received the Manufactured Housing Institute’s (MHI) Jim Moore Excellence in Communication Award at the recent MHI meeting and awards ceremony in San Antonio. Last October he was mentioned as a replacement for outgoing Executive Director of MHI …
Fastcodesign reports the new Starbucks in Denver looks more like something from the TV show Bonanza. Made of old Wyoming snow fencing, the modular unit is a drive-thru and walk-up only with no indoor seating, no internet connection, 500 square feet in size, LEED Certified and just large enough for …
Salisbury Patch informs MHProNews from Allentown, Pennsylvania the Salisbury Township has proposed zoning changes that would allow manufactured homes to be sited inside Waldheim Park, which is a privately-owned community of 80 Victorian cottages. Originally a summer retreat for the Evangelical Congregational Church, only nine people live there year around. …
In the latest weekly report from the Mortgage Bankers Association (MBA), nationalmortgagenews says mortgage applications dropped 1.2 percent for the latest weekly reading Oct. 5 following a 16.6 percent spike for the previous week ending Sept. 28. Refi applications accounted for 83 percent of the apps, much the same as …
From Vero Beach, Fla. tcpalm reports five manufactured homes have been donated for qualified veterans in need of housing. All of the homes are two-bedroom multi-section and ready for immediate occupancy. Home Depot is partnering with the Veterans Council to help repair the one home that needs work. MHProNews has …
With analysts expecting a boatload of Q3 corporate earnings reports next week to show a 1.2 percent decline, as well as concerns about China’s slowing economic growth, all three indexes closed lower today. CNNMoney reports the Dow Jones Industrial Average fell -0.95 percent, -128.56 points, to close at 13,344.97, while …
Housing Composite Gains, Patrick Drops, not much Change Read More
From Gatesville, in the northeastern corner of North Carolina, MHProNews has learned the town is struggling to find a balance between protecting the integrity of existing residential areas and the rights of those who can only afford manufactured homes to live where they want. An Aug. county commission proposal to …
County to Strike Balance between MH and Historical Districts Read More
TheGatewayNews tells us from Streetsboro, Ohio the Lakeside Terrace land lease community is undergoing a facelift as well as receiving new infrastructure. An MHC since the 1970’s, Dave Leichtman of Verandah LLC says he plans to sell new homes wholesale to the residents. Currently six units are occupied and three …
