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.
Following a story we last published Sept. 24, 2012, concerning a race between two women for House District Seat 37 in southeastern Delaware, Cape Gazette Village Soup has posed questions to the candidates. Republican Briggs King is the incumbent and vice president of the county realtors association. Democratic challenger Beth …
While the Mortgage Bankers Association (MBA) asserts the Consumer Financial Protection Bureau (CFPB) goes beyond Dodd-Frank in its proposed mortgage servicing guidelines by creating compliance barriers, it also calls the proposed exemption for smaller servicers too narrow. HousingWire tells MHPronews consumer groups say the servicing standards do not protect distressed …
According to HousingWire, FNC’s most recent Residential Price Index (RPI) shows real estate values have risen to a 20 month high, as foreclosure sales have fallen 23 percent from a year ago to 17.4 percent. In the second quarter FNC home prices increased 2.7 percent, marking the largest rise in …
NationalMortgageNews reports loan modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP) rose to 76,000 in August, an increase over the 66,000 in July and 46,400 in June. Of the 59,459 proprietary loan modifications in August, Hope Now says 93 percent had fixed interest rates …
A strong batch of corporate earnings reports pleased investors today, sending stocks and all three indexes into positive territory. CNNMoney reports the Dow Jones Industrial Average rose +0.95 percent today, +127.55 points, to close at 13,551.78, while the Nasdaq gained +1.21 percent, +36.99 points to cross the 3100. mark and …
MHProNews has learned the NAHB/Wells Fargo Housing Market Index (HMI) for newly-built single-family homes edged up one point to 41, its highest reading since June 2006. Any score above 50 indicates builders see sales conditions as good rather than poor. “Many builders are reporting increases in the number of serious …
Following a story from May 21, 2012, PalmBeachPost says a plan to close the Whitewater Senior Adult Park MHC and develop the land into multifamily rental units and a commercial center will come to a final vote before the Jupiter, Florida Town Council. Arrangements have been made with Lakeshore Communities …
We covered a story Oct. 4, 2012 concerning the federal court-ordered closing of Duroville MHC in Mecca, Calif. due to poor housing conditions, and the fate of those living there. MyDesert reports 41 of the manufactured homes of the 180 homesite Mountain View Estates in nearby Oasis, Calif. had been …
CNNMoney tells MHProNews while Citigroup reported a net profit of $468 million for the third quarter, including several significant losses, their mortgage originations, unlike other large lenders, fell 15 percent from a year earlier to $14.5 billion. Chief Financial Officer John Gerspach, admitting his company did not increase staff quickly …
RVBusiness reports the RV/MH Hall of Fame in Elkhart, Indiana recently announced the launch of its website for the Northern Indiana Event Center to promote rentals for wedding receptions, meetings, company parties, shows and other gatherings. Previously, interested parties had to wade through the history and other features of the …
Citigroup’s strong quarterly report, better-than-expected retail sales and the improvement in Federal Reserve Bank of New York’s Empire State Manufacturing Index were welcomed by investors as all three indexes finished in positive territory in today’s trading. CNNMoney reports the Dow Jones Industrial Average rose +0.72 percent today, +95.38 points, to …
In his review of Stanley Kurtz’s Spreading the Wealth: How Obama is Robbing the suburbs to Pay for the Cities, Eric Miller notes in Sustainable City News how the right has set up a straw man just to smash it down. Miller points out the suburbs were subsidized in the …
CapeGazette VillageSoup informs MHProNews from Georgetown, Delaware Captain’s Way Development LLC has requested a zoning change for a 155-acre parcel of land from single-family site built to manufactured home community. Developer Pret Dyer, saying it is an opportunity for Sussex County to achieve its affordable housing quota, also stated he …
A Novato, Calif. non-profit that operates Marin’s three homeless shelters will partner with modular builder Blu Homes to site 14 one and two-bedroom compact homes to be rented to low-income, formerly homeless families with children. According to marinij, Marin-based Homeward Bound, which also operates transitional housing, has raised one third …
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 …
