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.
According to HousingWire, the mortgage delinquency rate fell 2.2 percent from Dec. 2011 to Jan. 2012. Based on its data of nearly 40 million loans, Lender Processing Services says the Jan. 2012 delinquency rate dropped to 7.97 percent, which represents a 10.5 percent annual decline. There are 1.77 million properties …
Little Change in Number of Pre-sale Foreclosure Homes Read More
An ongoing bureaucratic wrangle in Alabama over licensing and governmental authority for the installation of modular storm shelters has left hundreds of people in DeKalb County vulnerable as storm season approaches. A bidding war for the contract resulted in a lawsuit, and the Alabama Manufactured Housing Commission claims it should …
Drive A Tank in Kasota, Minnesota offers the opportunity to pilot three different military tanks for up to four hours, learn the history of tanks in warfare, fire historic weapons—-and crush a mobile home. Packages range from $500 to $3495 for the opportunity. AutoBlog tells MHProNews.com Drive A Tank’s Tony …
Four modular apartments to be built in Naramata, British Columbia (BC), Canada will provide affordable housing for seniors and persons with disabilities, continuing an ongoing trend of the Senior’s Rental Housing initiative. Federal and provincial governments contributed a combined total of approximately $720,000 through an amendment to the Canada-British Columbia …
HousingWire tells MHProNews.com while 145 of 146 markets tracked by the National Association of Realtors (NAR) showed a drop in inventory of single-family homes, condos, and town homes by 23.2 percent in January 2012 from a year ago, the median list price fell $2,500 to $185,500 Dec. 2011 to Jan. …
Homes for Sale Inventory and Median Price both Fall Read More
Benzinga tells MHProNews.com that Nobility Homes, Inc. received a letter of non-compliance from NASDAQ because the company did not file the required Annual Report on Form 10-K with the Securities and Exchange Commission (SEC) for the period ending Nov. 5, 2011. The letter, received by Nobility Feb. 10, 2012, says …
All U.S. stock markets are closed Monday, Feb. 20 in observance of Presidents’ Day. The markets will observe regular hours Tuesday, Feb. 21.
MHProNews.com has learned from MarketWatch that MHC owner Sun Communities, Inc., of Southfield, Michigan has purchased three RV communities in Florida for $25.0 million cash. The acquisition includes 488 permanent RV sites and 636 seasonal RV sites which are in Bushnell, Orange Lake, and Hudson Florida. When combined with the …
Noting that manufactured homes of today are superior to the “single-wides” of 40 years ago, MHProNews.com has learned from MSNRealEstate that MH appeals to a variety of home buyers. Kevin Flaherty, vice president of marketing at Champion Home Builders says at the affordability level, “People are looking for a comfortable, …
In an exclusive communication from the Texas Manufactured Housing Association (TMHA), MHProNews.com has learned Manufactured Housing Institute (MHI) Chairman Joe Stegmayer will speak at the Hyatt Regency on Lasoya in San Antonio March 6 following the TMHA Second Quarter Board Meeting. He will address issues facing the national manufactured housing …
MHI Chairman, TDHCA Director, to Address MH Issues Read More
The DailyPress of Escanaba, Michigan, informs MHProNews.com of the passing of longtime manufactured and modular housing dealer Philip L. “Phil” LaMarch on Feb. 14 at age 92. He began in the automobile business, than switched to RVs and mobile homes, and developed Far View Estates, the first manufactured home community …
Investors stayed on the sidelines in advance of a key vote on the proposed bailout of Greece. The Dow Jones Industrial Average gained 45.72 points, +0.35%, to close at 12,949.87. CNNMoney tells MHProNews.com the Nasdaq lost -0.27% to 2,951.78, while the S&P rose 0.23% to end the week at 1,361.23. …
Dow Relatively Quiet as Patrick Ind. And Nobility Homes Sound Read More
According to SeniorHousingNews, with health care costs rising and the economy still not thriving, “Granny pods” may start appearing in your neighbors’ backyards. Small modular homes, Med-Cottages, 288 square feet, outfitted as needed for the particular resident, assembled in a backyard, can give seniors a sense of independence while keeping …
MHProNews.com has learned through GizMag Bellomo Architects has designed a modular house that arrives in a ten-foot box and is assembled much like IKEA furniture. Bent steel tubes form the base structure of House Arc, which comes with an easy-to-follow graphic manual and requires no special training to assemble. When …
After the Bryan, Texas City Council and inspectors from various departments toured the 37 LLCs in the city in 2010, 117 factory-built homes had their utilities cut for safety reasons and 14 were demolished. 32 of the communities were affected. The ordinance to regulate the communities had been on the …
In an op-ed piece in Statesman of Austin, Texas, Ed Wendler, Jr. says the most important issue in the upcoming city council elections should be affordable family housing. As a developer in a city where rents increased 7.2 percent last year and are expected to continue rising the next three …
The Federal Emergency Management Agency (FEMA) reports the last Katrina manufactured home has left New Orleans. “Another page has turned in New Orleans’ post-Katrina history,” New Orleans Mayor Mitch Landrieu said in a news release. “At the end of the day, FEMA trailers were never meant to be permanent housing …
USAToday tells MHProNews.com sustainable, energy-efficient home-building has increased in the wake of actor Brad Pitt’s founding of Make It Right, a response to the housing needs of victims of Hurricane Katrina in New Orleans. Living Homes of California has developed a modular 1,232 square foot home with three bedrooms and …
Despite fears of the European debt crisis and Greece’s continuing bailout problem, positive U.S. economic data in the employment and housing sectors helped drive the Dow Jones Industrial Average up nearly one percent, 123.06 points. to close at 12,904.01. “People know and are still fearful of the European Union crisis, …
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has …
