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.
RadioNewZealand reports the earthquake that rocked Christchurch, New Zealand Feb. 22, 2011 may lead to the development of a modular home industry as part of rebuilding the city that was so heavily damaged, with 10,000 homes that need to be replaced. The Dunedin City Council said a whole new industry …
The LongBranch-EatontownPatch informs MHProNews the Pine Tree Manufactured Home Park in Eatontown, New Jersey has added a playground for children, the Borden Foundation Playground, another improvement the Affordable Housing Alliance has made since acquiring Pine Tree in 2007. In addition to a new water distribution system and replacing outdated oil …
WWLTV reports from Covington, Louisiana 24 modular homes built by Habitat for Humanity in 2007 following the housing crunch in the wake of Hurricane Katrina are developing electrical and lighting problems as well as rotting floors, steps, and doors. Jeff St. Romain of Habitat says $50,000 has been added to …
Jdspra reports from California a ruling by the California Court of Appeals could have lasting negative effects on the manufactured home industry. Vieira Enters., an authorized dealer of Fleetwood Manufactured Homes, sold a factory-built home to a private landowner with the contractual stipulation that the home will not be considered …
According to HousingWire, real estate franchisor RE/MAX says home sales increased from July 2011 ten percent to this July, marking the 13th straight month of sales increases, even considering a nine percent drop this past June. Forty-four of 53 metro areas covered in the RE/MAX survey reported an increase, and …
CNNMoney reports all three indexes moved down very slightly on a quiet trading day at the New York Stock Exchange as the Dow Jones Industrial Average lost -3.56 points, -0.03 percent, to close at 13,271.64. The Nasdaq fell -0.01 percent to 3,076.21, while the S&P remained basically unchanged at 1,418.13. …
RVBusiness tells MHProNews Barry Cole, president of Manufactured Housing Insurance Services, has been elected chairman of the RV/MH Hall of Fame Board for a two year term, replacing Bill Garpow. Blue Ox president Jay Hesse was elected vice chairman. New board members include B.J. Thompson, B.J. Thompson Associates; Ron Younkin, …
Yahoo!Canada reports Reuters says The Villages in central Florida, the largest retirement community in the world and one of the largest land lease communities in the country with thousands of manufactured homes among the 40,000 houses spread over 20,000 acres, hosted (presumed) Republican vice presidential candidate Paul Ryan who brought …
mlive tells MHProNews the Swartz Creek Meadows MHC in Lennon, Michigan has until Aug. 31 before the Clayton Township Board of Trustees initiates legal action for unpaid water, sewage, and property taxes totaling $167,697.73. Swartz Creek owner MHPI Inc., does not deny it owed the township, but a misunderstanding at …
The Manufactured Housing Institute (MHI) tells MHProNews with Congress in recess until mid-Sept. and members back in their home districts, now is the time to contact your representative and senator and encourage them to co-sponsor HR bill 3849 or Senate bill 3484, both entitled Preserving Access to Manufactured Housing. While …
In its July analysis of housing data for 16 markets, realtormag reports housing inventories, including single-family, townhomes, condos, and co-ops are 19 percent below a year ago as for sale homes remain at record lows. “Low inventories, combined with rising list prices and lower times on market, are positive signs …
Azstarnet says mortgage analytics firm Digital Risk, noting credit scores such as FICO failed to anticipate many strategic defaulters during the mortgage bust years, has developed a 123 point statistical cluster of borrower, market conditions, and property data which will more accurately predict how an applicant may react to financial …
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews of its concerns relevant to accessibility guidelines for emergency transportable housing (ETH) as published by the U.S. Architectural and Transportation Compliance Board (Access Board). While it has no objections to the proposed guidelines, it agrees with the Access Board’s decision …
Noting Europe is on vacation most of August, CNNMoney reports U. S. stocks ended a quiet week with a quiet day as the Dow Jones Industrial Average gained 25.09 points, +0.19 percent, to close at 13,275.20. The Nasdaq gained +0.46 percent to 3,076.59, while the S&P moved up +0.19% to …
HousingWire says analysts with Econoday report consumer confidence rose slightly in August to 73.6 over 72.3 in July, according to the University of Michigan and Reuters. While the consumer outlook on current market conditions rose nearly five points to 87.6 in August, Econoday says “this gain isn’t translating into any …
nationalmortgagenews reports Peter Carroll, assistant mortgage manager at the Consumer Financial Protection Bureau (CFPB) says the proposed loan officer compensation rule will be significantly different from the original set of guidelines issued in early May when the CFPB first raised the concept of flat fee payments for certain transactions, a …
smmirror tells MHProNews from Santa Monica, California the state has dissolved all redevelopment agencies because of the shortage of state funds, effectively pulling the plug on many capital improvement projects (CIP) that had been planned statewide. However, certain projects already agreed to before the cutoff date will go forward, including …
Despite State Budget Woes, MH Development Continues Read More
In a recent paper from the Joint Center for Housing Studies at Harvard University which examines the association between views on homeownership and the recent downturn in the housing market, MHProNews has learned evidence suggesting respondents’ preferences for owning versus renting have not changed, except among borrowers who have underwater …
The National Association of Home Builders (NAHB) tells MHProNews while housing starts fell 1.1 percent in July to a seasonally annual adjusted rate (SAAR) of 746,000 units, according to the Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, new building permits permits rose 6.8 percent in …
WLTZ-TV reports from Montgomery, Alabama Gov. Robert Bentley has appointed State Rep. Elwyn Thomas as Executive Director of the Alabama Manufactured Housing Commission (AMHC) effective Sept. 1, 2012. As the state’s regulatory agency, the AMHC enforces installation program standards and focuses on industry compliance, consumer protection, and assists communities with …
New Director for Alabama Manufactured Housing Commission Read More
