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.
MySanAntonio tells us the western edge of the Eagle Ford Shale near Interstate 35 south of San Antonio is drawing workers to the drilling fields where an additional 7,900 workers will be needed by 2025, but housing remains a problem. Banks are generally reluctant to lend money for rural housing […]
Texas Oil Fields Need Housing Read More
LousivilleCourier-Journal states Bob Lane, executive director of the New Albany (Indiana) Historical Society says the first prefabricated house in the country came out of the Gunnison Housing Corporation in New Albany in 1936. Foster Gunnison, a lighting director from New York who was involved with the construction of Radio City
Prefab Began in New Albany Read More
HousingWire says a report by the National Association of Home Builders (NAHB) reveals 40 percent of single-family homebuilders plan on hiring skilled workers within the next year, but 62 percent fear a shortage because so many have left the trades because of a lack of jobs. One study reports shortages
Housing Recovery: Are the Trades Ready? Read More
theherald-nc reports the owner of the Lighthouse Christian Academy in Smithfield, North Carolina had to close the school because of the economy, and unable to find a church to help cover the cost of the mortgage on the modular building, decided to make it a boarding house to accommodate ten
MOD Building Cannot become Boarding House Read More
In an interview with Rob Blackwell of NationalMortgageNews, new Consumer Financial Protection Bureau (CFPB) Director Richard Cordray says his biggest accomplishment is creating the complaint database so consumers can contact the agency directly if they have a problem. Noting this kind of job is never done because an avalanche of
Cordray Defends CFPB Complaint Dept. Read More
While the drought in the Midwest is spiking the price of corn and a stable solution to the European debt crisis seems to slip away, investors took a back seat to the market as several Blue Chip companies turned in less than rosy corporate earnings reports for Q2 2012. As
Several Housing Stocks We Cover Take Hit Read More
The Boston Globe reports prefabricated housing, once thought of as somewhat lowly, is going upscale. A $2 million modular home in Wellesley, Massachusetts boasts four bedrooms, granite marble kitchen, mahogany floors, six bathrooms, second-floor decks, and a spacious living room with fireplace in the 5,900 square foot home. Haven Custom
chron tells MHProNews.com the Army has contracted to build a four story modular housing unit at Fort Sam Houston in San Antonio, Texas with Energy Star roofing, waterless urinals, 50% waste reduction system, hydronic heat pump system, and 20% recycled materials, qualifying it for LEED Silver Certification. Ramtech Building Systems
U.S. Army Going LEED Modular Read More
At its meeting tonight, July 10, the Rockingham (North Carolina) City Council will consider a re-zoning request by Charles Seago to allow up to nine manufactured homes to be sited on land he owns. He currently has five homes on the property but wants to expand to nine homes, according
Council Voting on Rezoning Request Read More
SacramentoBee reports MHC owner UMH Properties, Inc. of Freehold, New Jersey, declared its quarterly dividend of $0.18 per share to shareholders as of Aug. 15, 2012, payable Sept. 17, 2012. The quarterly dividend for the preferred stock, owed and payable the same dates, is $0.515625 per share. MHProNews.com has learned
UMH Schedules Dividend Read More
HousingWire says seriously delinquent mortgages insured by the Federal Housing Administration hit 713,104 in May, the highest since the beginning of the year, but 23 percent higher than May 2011, and more than double the seriously delinquent loans from Fannie Mae and Freddie Mac—3.5 percent versus 9.4 percent for FHA.
Charges of unfair labor practices lodged with the National Labor Relations Board (NLRB) against Blu Homes of Vallejo, California by San Francisco’s Carpenters Union Local 180 have been mostly dismissed, according to ModularHomeCoach. When Blu moved to CA last fall from Massachusetts and renovated part of an old Naval base
MOD Builder Blu Fights Union Busting Charges Read More
Investors stepped back on concerns about Q2 corporate results and the drop in value of the Euro as all three indexes fell slightly. CNNMoney reports the Dow Jones Industrial Average dropped -36.03 points, -0.28%, to close at 12,736.44. The Nasdaq fell -0.19 percent to 2,931.77, while the S&P lost -0.16
Indexes Edge Down, Nobility and Patrick Gain Read More
The National Association of Home Builders (NAHB) states the NAHB/First American Improving Markets Index (IMI) shows four more markets are showing sustained and measured improvement than last month, bring the total to 84 for July. The IMI is based on monthly figures relating to employment growth, house price appreciation, and
Housing Index Nudging Up Slowly Read More
triblive reports from Kittaning, Pennsylvania northeast of Pittsburgh the Mechling-Shakely Veterans Center in Sugarcreek for chronically homeless veterans was unable to raise the $56,000 in matching funds to add five modular housing units to the center as planned. The $600,000 grant was funded partly by HUD’s Continuum of Care program
Veterans Lose Needed Modular Housing Read More
BusinessWire reports from Cleveland, Ohio the CBIZ Small Business Employment Index (SBEI) says hiring trends grew by 1.38 percent in June, contrary to weakening reports from the federal government’s statistics for the same period. A barometer for hiring trends of businesses with fewer than 300 employees, and provider of payroll
Small Biz: Adding Workers Read More
Citiadr reports Killam Properties, Inc., (TSX: KMP) based in Halifax, Nova Scotia, Canada, will release its financial results for the second quarter ending June 30, 2012 on Wed. Aug. 8, 2012 after the market closes. The following day, Thur. Aug. 9, a conference call will be held at 10:00 AM
Killam to Release Results Read More
azstarnet reports the two major mortgage market overseers in the federal government are trying to convince private lenders to ease up on lending restrictions that have become tighter than those required by Fannie Mae and Freddie Mac, which are under the jurisdiction of the Federal Housing Finance Agency, and the
Fed Lending Reforms due Soon Read More
The Labor Department’s report that only 80,000 jobs were added in June posed a scary prospect for the overall economy that kept investors along the wall, as all three indexes lost ground. CNNMoney tells us the Dow Jones Industrial Average dropped -124.2 points, -0.96%, to close at 12,772.47. The Nasdaq
Most Housing Stocks Move Slightly Read More
The Manufactured Housing Institute (MHI) will testify before the House Financial Services Subcommittee on Financial Institutions and Capital Markets July 11 concerning the impact of Dodd-Frank on residential mortgage reforms. Clayton Homes General Counsel Tom Hodges, representing MHI during the hearing, will address the measure’s unintended consequences that limit credit
Congressional Hearing Set on Dodd-Frank Impact Read More
