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.
MHProNews has learned effective Jan. 2013 the Consumer Financial Protection Bureau (CFPB) will assume authority of the Fair Credit Reporting Act (FCRA) as it moves out of the Federal Trade Commission. The CFPB issued new regulations that delineate the form governing the conducting of a credit check by a prospective […]
Fair Credit Reporting Act—New for 2013 Read More
Further evidence that Warren Buffett’s Berkshire Hathaway is poised for the worst housing slump in 70 years to end, he has been buying real estate brokerages around the nation and is partnering with a Canadian real estate brokerage to double the scope of his business. Partnering with Brookfield Asset Management,
Betting with Buffett Read More
The DailyStatesman says the Bernie, Missouri Board of Aldermen turned down the recommendation of the city’s zoning committee to allow modular homes in all R-2 areas of the city. Five modular homes have been discovered in areas zoned only for single-family homes and duplexes. Alderman Tim Gage said the aldermen
Town Needs to Define Modular Read More
BusinessInsider says the buzz on the internet is corporate America is sitting on bundles of cash instead of hiring, blaming it on the uncertainty of the election. Now that the election is over, voters made their choice regardless of what the opposition says, and corporate America needs to get back
The Uncertainty is Over Read More
According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), builder confidence increased in the third quarter 2012 threefold over a year ago, from 12 to 36. A score of 50 or better indicates more builders see conditions as favorable, as opposed to unfavorable. There are
Home Builder Confidence Grows in Sr. Market Read More
The Washington Post reports that the federal government is moving manufactured homes into the New York and New Jersey areas hit hardest by Hurricane Sandy, according to the Federal Emergency Management Agency (FEMA). Forty prefabricated homes are en route to a staging area in New Jersey from Maryland, and FEMA
FEMA Homes Coming to NY and NJ Read More
NNMoney reports the latest twist on Craigslist is people looking for co-signers on loans because they do not have good enough credit on their own. A would be borrower in Ohio is offering a tractor and a car as collateral for someone to co-sign a $5,000 personal loan. A student
Turned down by a Bank? Try Craiglist Read More
Investors’ fears of political gridlock regarding the upcoming ‘fiscal cliff’ that could put the U.S. economy back into recession trumped a drop in first-time unemployment claims as well as a trade deficit that narrowed to $41.5 billion instead of expanding, putting the indexes in the red for today. CNNMoney reports
Indexes Drop One Percent, most Tracked Housing Stocks Follow Read More
NorthernOntarioBusiness reports Wincrief Modular Homes in Kenora, Ontario, Canada is a partnership between Moncrief Construction Ltd. and Wabassemooong (Whitedog) Independent Nation, utilizing a First Nation workforce. Wincrief began slowly nearly two years ago and has now sold 28 homes, some of them locally, and is now building duplexes for a
Modular Homes going up in Canada Read More
MHProNews has learned the 127-acre RV community Rainbow RV Resort in Frostproof, Fla. has been sold to Sun Communities, Inc. of Southfield, Mich. Brokered by Marcus & Millichap, Rainbow is located in central Fla. east of Tampa, and offers a large heated swimming pool, a 15,000 square foot modern clubhouse
Sun Acquires Fla. RV Community Read More
While President Obama’s re-election will likely thwart hopes of altering Dodd-Frank or the CFPB (Consumer Financial Protection Bureau), a more immediate concern is the possibility that the U.S. Treasury Dept. may have to bailout the Federal Housing Administration’s Mutual Mortgage Insurance Fund, according to nationalmortgagenews. A Romney administration would likely
WisconsinNews reports from Sauk Center, Wisconsin, just north of Madison, a shipment of modular homes had a piece of Highway 12 paralyzed in the downtown area because there was not enough room to turn a corner. Sauk Center police were called to direct vehicles. MHProNews could not immediately determine
Modular Shipment Ties up Town Read More
A tax break that gives homeowners the opportunity to save thousands may expire by the end of the year unless it is renewed by Congress. CNNMoney informs MHProNews the Mortgage Forgiveness Debt Relief Act of 2007 protects homeowners from having to pay income taxes on the portion of their mortgage
Tax Break for Underwater Borrowers may Expire Read More
HousingWire reports median single-family home prices rose in 120 out of 149 metro areas, up significantly from the 39 metros that recorded price increases a year earlier, according to the National Association of Realtors (NAR). Showing the strongest year-over-year increase for single family homes since Q1 2006, the national median
Home Prices Post Largest Rise since 2006 Read More
A sell off on Wall Street in response to President Obama’s victory amid concerns about the fiscal cliff he faces led to stocks spiraling down, as the three indexes dropped nearly two-and-a-half percent. CNNMoney reports the Dow Jones Industrial Average lost -2.36 percent, dropping 312.95 points, to close below 13,000
Election Sends Stocks Downward Read More
iStockAnalyst informs MHProNews Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports their financial results for the third quarter 2012 saw funds from operations (FFO) fall from $0.216 per share in Q3 2011 to $0.213 as the net proceeds from the sale of 12 MHCs in May were not yet
Killam Reports Q3 2012 Financials Read More
Bloomberg tells MHProNews the Dollar Index, which tracks American currency against that of six of our trading partners, rose 0.3 percent to a seven-week high on the news of President Obama’s re-election, a sign of a weakened dollar. The index hit 80.83 after touching 80.92. Investors are concerned the president
According to the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI), the number of U.S. markets showing consistent improvement increased by 22 to 125, Oct. to Nov. Based on employment, housing permits, and house prices for at least six consecutive months, markets qualifying for the list grew
Improving Markets Index Spikes Read More
HousingWire reports Core Logic’s Sept. 2012 home price index (HPI) indicates national home prices increased five percent on a year-over-year basis. This represents the largest year-over-year increase since July 2006, and the seventh consecutive month of annual home prices increase. Oct. 2012 home prices, including distressed sales, are expected to
Sept. Home Price Increase Largest in Six Years Read More
In a 2008 design competition sponsored by the New York’s Office of Emergency Management (OEM), the goal was to design housing in response to a massive flood that required emergency housing for 38,000 people, flooded the subways and neighborhoods, leaving people with no where to live, work, or go to
2008 Design Competition Foretold Sandy? Read More
