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.
GoBogolusa reports the Bogolusa, Louisiana City Council voted 5-2 to permit modular homes in all residential districts of the city, although manufactured homes are not permitted. The state fire marshal has given its OK, but restrictions by the public works department include the houses must face the street and must […]
Bogolusa Allows MOD, Prohibits HUD Read More
The highest pending home sales rate in two years in May, and a rise in durable goods orders, trumped the fear wafting across the Atlantic from the troubled Eurozone, as all three indexes pushed higher on hump day. CNNMoney tells us the Dow Jones Industrial Average gained +92.34 points, +0.74%,
All Three Indexes and Many Housing Stocks Advance Read More
NJ reports from Pennsville, New Jersey township officials have unanimously voted to increase fess on manufactured homes in MHCs from $24 to $28 a month, collected by the MHC owner and then forwarded to the township. There are approximately 200 homes in the White Oaks and Southbridge communities in this
Monthly Fees Increased for MHC Residents Read More
OriginationNews reports, although it is down two percent from April 2011, Standard & Poor’s Case-Shiller housing price index (HPI) rose 1.3% in April in 19 of the 20 cities it surveys, the first increase since August. Detroit is the only city where prices fell, dropping 3.6% in April. Published by
Housing Price Index Finally Bumps Up Read More
MSNBC tells us Seth Jason at The Motley Fool says he judges company performance by comparing inventory increases to revenue increases: if inventory expands faster than sales, it could indicate a problem, one which he suggests may be happening at Cavco Industries. Trailing 12-month revenue rose 157.9% while inventory increased
Cavco’s Revenues Spiked Grandly, but…….. Read More
The WausauDailyHerald reports from Wisconsin complaints from MHC residents may be handled by a state agency or by a local or county body depending upon the number of people who have complained and the severity of the complaint. The Dept. of Safety and Professional Services handles some complaints, and sometimes
Responsibility for MHC Resident Complaints Varies Read More
MarketWatch reports the U.S. Census Bureau says American homeownership fell from 66% to 65% in Q1 2012, the lowest point in 15 years, especially noteworthy because historically spring marks the home buying season. At its peak in 2004 it was 69%. Dan McCue of Harvard University’s Joint Center for Housing
Although U.S. stocks began the day rising and diving, the day ended with all three indexes managing a meager gain as investors continued to worry about the EU summit. CNNMoney tells us the Dow Jones Industrial Average gained +32.01 points, +0.26%, to close at 12,534.267. The Nasdaq rose +0.63 percent
U.S. Stocks Nudge Up; Housing Stocks Mixed Read More
Fosters reports from Rochester, New Hampshire a long-time resident of Acorn Terrace Cooperative has been honored with the ROC-NH “Above and Beyond” award. Although Richard “Dickie” Williams is president of the cooperative, he is best known for his many acts of kindness as a handyman and all around helping hand
Co-op Handyman Honored by ROC-NH Read More
BusinessWire reports RW Middle East has begun work on a $98 million contract to build a modular residential development in Simawah, Iraq. The Iraqi Ministry of Housing chose Sama Al Douh Contracting and Real Estate Investments as the developer, and RW will design and build the precast modular units based
On Site Modular Construction Read More
Virtual-Strategy reports as an alternative to assisted living for an aging relative, Connecticut-based PALS Built offers handicap accessible modular additions attached to the primary home at a cost lower than that of assisted living. The modular units are manufactured by Practical Assisted Living Solutions, LLC. The newly appointed president and
New Addition for Modular Read More
MyWestTexas reports within a few days of announcing an upscale 185-site MHC to be built in Midland, Texas, the developers received 380 inquiries from interested individuals. Project partners LubbockInvest and Great House Solutions of Odessa, TX, expect to keep the rates between $1200-1500 a month, which will include the site
MHC Planned in Housing Tight Texas Read More
MarketWatch tells MHProNews MH component supplier Patrick Industries, Inc. (PATK) announces it has been added to the U.S. broad-market Russell 3000® Index and small cap Russell 2000® Index, “…honored to to have joined the prestigious group of companies that comprise the Russell 3000® Index,” says Patrick’s CEO Todd Cleveland. The
CoshoctonTribune reports from Coshocton, Ohio, according to a revised state code, a $5 fee is now required to move any manufactured home on a public road within the state, and a Relocation Notice must be attached to the back of the home during the move. The permit can be obtained
Fee Required to Move MH Read More
Loansafe tells us The Daily Star in Oneonta, New York reports Otsego County and Otsego Rural Housing Assistance are putting together a Community Development Block Grant application to rehabilitate manufactured homes. Applicants must meet income eligibility requirements to qualify for the program in this county west of Albany. The amount
Investors see the financial crisis deepening in Europe on the brink of the EU Summit later this week. Fearing the two-day meeting will yield little, investors pulled back as all three indexes fell over one percent. CNNMoney tells us the Dow Jones Industrial Average lost -138.12 points, -1.09 percent, to
Skyline Lifts, Dow Falls, Housing Composite Even Read More
Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), says the Architectural and Transportation Barriers Compliance Board (Access Board) is proposing to amend the Americans with Disabilities Act (ADA) and the Architectural Barriers Act (ABA) to ensure that temporary housing, following a catastrophe, whether provided by
Making FEMA Homes Suitable for ADA Read More
The VCStar tells us from Ventura County, California a rent increase at an MHC has triggered a lawsuit by residents challenging the Thousand Oaks City Council’s decision of last year to remove the age and income restriction agreement for determining site rents and instead place that authority under the auspices
MHC Residents Sue over Change in Rent Control Read More
While some analysts predict the housing market will not turn around until later next year, Seeking Alpha‘s Mike Kapsch lists several reasons it may return yet this year: More building permits were applied for in May than in the past 3 1/2 years, and the U.S. Department of Commerce upwardly
Housing Market Rebounding this Year? Read More
AnchorageDailyNews reports from Waco, Texas Warren Buffett’s Berkshire Hathaway has been out shopping again, this time buying two Texas newspapers—the Bryan College Station Eagle, announced earlier this month, and now the Waco Tribune-Herald. With 124 employees and a Sunday circulation of 39,000, the Herald-Tribune fits Buffett’s expressed interest in buying
Berkshire’s Buffett: Another Buying Binge? Read More
