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 up on a story we last posted May 2, 2012 about modular medical units temporarily placed on a property to house loved ones with special needs, MHProNews has learned several states, including Virginia, New York, and California have enacted legislation to allow these units to override local regulations and […]
Zoning Changes Allow Modular Units Read More
MarketWatch reports Troy, Michigan-based Champion Home Builders, Inc. announces the acquisition of Athens Park Homes of Athens, Texas, a manufacturer of HUD Code and Park Model homes. Jack Lawless, Champion Homes CEO, says, “The acquisition of this respected company provides us with much needed additional capacity in Texas, where we
Champion Purchases Athens Read More
DailyFinance tells MHProNews Credit Sesame says last year 35 percent of the 50 million U.S. mortgages qualified for refinancing but only 4.5 million borrowers did. Why? One reason, according to Kelli Dudley of DePaul University in Chicago, is “The mortgage foreclosure fiasco has had a major mental health cost for
Borrowers Lose by not Refinancing Read More
In an attempt for the government sponsored enterprises (GSEs) to standardize data on appraisals and mortgages, Fannie Mae and Freddie Mac have adopted the Uniform Loan Delivery Dataset (ULDD), part of the larger Uniform Mortgage Data Program, whereby lenders are using a common language in reference to the loans and
Lingua Mortgage Standardized for GSEs Read More
As Spain’s economy contracted for the third quarter in a row and investors fear a wholesale bail-out will be necessary to stabilize the Eurozone’s fourth largest economy, all three indexes closed lower on the day. CNNMoney reports the Dow Jones Industrial Average fell with a thud at the beginning of
Dow Drops, Housing Stocks Close Mixed Read More
ADN reports the Dayton Daily News in Ohio says only about 6,000 of the 140,700 eligible Ohioans who received foreclosure notices 2009-2010 have asked for a review of their case despite the possibility of receiving up to $125,000 if the borrower was not in default when the foreclosure process began.
Foreclosed Homeowners in Ohio Reluctant to Respond Read More
In commemoration of the 50th anniversary of the Seattle World’s Fair that featured a modular home built by the U.S. Plywood Association termed the “American Home of the Immediate Future”, mothernaturenetwork says Habitat for Humanity is constructing a 1,400 square foot modular home incorporating the newest in green technology for
“House of the Immediate Future” Read More
MHProNews has learned from azstarnet study by researchers at UCLA in California have determined that after studying 1.6 million homes sold in California from 2007 to early 2012, all other variables constant, a green certification label on a house adds nine percent to its selling value. In areas where there
Green Labeling of Homes Adds to Value Read More
MailTribune from southern Oregon tells MHProNews students from Southern Oregon University are proposing an overhaul to the city government’s 20 year-old manufacturing housing code to allow MH to be erected with less restrictions which could also add to the affordable housing stock in Ashland, OR. As presented to the Ashland
Proposed Changes in MH Regulations in Oregon Read More
MHProNews has learned from NBCBayArea average monthly rent in Oakland, California increased 14.4 percent over the past year, in San Francisco by 12.9 percent, and in San Jose 10.1 percent. As rents get more expensive due to improvements in the job market, and affordable housing budgets are slashed, low-income residents
Rents Rise, Vacancies Drop Read More
The Pikes Peak Prep charter school will have almost twice the space for the coming school session as they did for last year due to a gift of eight modular classroom buildings from The Classical Academy in Colorado Springs, Colorado, as The Gazette tells MHProNews. Pikes Peak will have 360
Modular Classrooms Move from One School to Another Read More
MHProNews has learned following a five day bench trial, the law firm of Hart, King & Coldren (HKC) of Santa Ana, California successfully defended its client, a trust, against another trust that claimed 75 percent ownership of real property in Los Angeles County of which HKC’s client owned half. Having
Court Determines Deed Improperly Filed Read More
With many companies missing revenue targets for Q2, according to CNNMoney, and ongoing concern about debt problems plaguing Europe, investors kept their money in their pockets, as all three indexes lost ground following three days of gains. The Dow Jones Industrial Average dropped -120.11 points, -0.93 percent, to end the
Most Tracked Housing Stocks Close Down Read More
NewPortRicheyPatch says Walden Pond Mobile Home Park in New Port Richey, Florida is closing as the result of Tropical Storm Debby and residents must be out by July 31, 2012, according to a letter dated July 6 and sent under the letterhead Walden Pond LLC. Owner Paul Beraquit says because
FEMA Steps in to Help Flood Victims Read More
MarketWatch tells MHProNews Universal Forest Products, Inc. (UFPI) reported net earnings of $17.5 million for the second quarter of 2012 on net sales of $593.2 million, a 9.1 percent increase over net sales of $544.1 million that produced net income of $4.3 million for the second quarter of 2011. Net
Ron Richardson, 81, entrepreneur, real estate investor, Air Force veteran, and business owner passed away in Las Vegas, July 5, 2012. In addition to being an investor in an insurance company and a commuter airline that is now part of Continental Express, “commodore”, as he liked to be called, bought
Passages—RIP Ron Richardson Read More
According to sacbee, Drew Industries, Inc., will release its second quarter financial results prior to the market opening on Thursday, Aug. 2, 2012. At 11 AM Eastern Time that same day the company will host a conference call to discuss the financials and other business matters. A question and answer
Drew Industries to Announce Q2 Results Read More
staceypageonline reports the Syracuse (Indiana) Town Council honored a request from Patrick Industries for a ten year tax abatement on personal property and a three year real estate abatement for expanding its operations into the former Liberty Homes facility, which will bring 65 new jobs to the area. The state
Patrick Receives Incentives to Expand, Add Workers Read More
CNNMoney reports all three indexes edged a little higher as positive corporate returns trumped weaknesses in the overall economy. The Dow Jones Industrial Average finally settled at 12,924.43 after dipping and peaking throughout the day, gaining +34.66 points, +0.27%. The Nasdaq rose +0.79% to 2,965.90, while the S&P gained 0.27%
Many Tracked Stocks Fall, but Nobility Gains Read More
HousingWire reports the seasonally annual adjusted rate (SAAR) of existing home sales dropped from 4.62 million in May to 4.37 million in June, a decline of 5.4 percent, although sales in June topped the 4.18 units sold in June 2011. The lower inventory of available homes and increased demand managed
Existing Home Sales Fall in June Read More
