Manufactured and Modular Housing News

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.

Falling Crude = Real Estate Recovery

EmergingMoney tells MHProNews.com the result of falling oil prices is cheaper financing and less expensive materials, which helps the global real estate market. Lower priced oil means: Lower transportation costs for material shipments and commuters; generally lower rate of inflation which helps keep interest rates down; lower costs of home …

Falling Crude = Real Estate Recovery Read More

Rental Market Growing

Moody’s Analytics says in HousingWire stagnant income growth and lack of adequate down payment is driving rental demand higher, with rents increasing five percent in the larger metropolitan markets, and climbing. Multifamily properties of five or more units saw vacancies fall from 12.5 percent at the start of 2010 to …

Rental Market Growing Read More

USDA Offering Refinancing to Homeowners

ModularHomeCoach reports the United States Department of Agriculture (USDA) has instituted a program through its Rural Development Housing division to lower interest rates and monthly payments for thousands of borrowers who have loans made or backed by the USDA. The pilot program, designed to improve the housing market, is being …

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Dow Falls, Most all Tracked Housing Stocks Follow Suit

Fears that the $125 billion bailout of Spain’s banking system will not be enough to stem the tide of the European debt crisis kept investors against the wall as all three indexes lost over one percent today. CNNMoney tells us the Dow Jones Industrial Average lost 141.83 points, -1.13%, to …

Dow Falls, Most all Tracked Housing Stocks Follow Suit Read More

Underwater Mortgages Drive Prices

Core Logic tells MHProNews.com the reason the supply of homes dropped from a nine month average last June to 6.5 months April 2012 is because there are 11 million borrowers underwater who are unable to unload their homes, which restricts supply and increases the price of existing homes for sale.  …

Underwater Mortgages Drive Prices Read More

Single Women Buying Up the Land

TheGlobeandMail in Toronto says a study by the National Association of Realtors (NAR) last year revealed 20 percent of homebuyers in the U.S. are single women. In Canada more than 15 percent of the homebuyers in British Columbia’s Lower Mainland are women, about the same percentage as couples without children, …

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Modular Housing for Faculty?

SidneyHerald in Montana says the Sidney School Board is short of housing for faculty at West Side Elementary School and may lease or buy a set of nine modular apartments from M Space, a national modular general contractor. Each unit would have three apartments, and all apartments could be under …

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Young Team Rehabs Original Modular Home

Madison reports one of the first modular homes built in the post-World War II years in Wisconsin is undergoing rehabilitation by a team of at-risk teens and young adults as part of Operation Fresh Start, a nonprofit that teaches life skills and helps them finish high school. Stripped down to …

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CFPB to Exclude GSEs from LO Comp?

Writing in NationalMortgageNews, Paul Muolo says some industry officials are suggesting the Consumer Financial Protection Bureau (CFPB) exclude Fannie Mae, Freddie, Mac and Federal Housing Authority (FHA) loans from its loan origination compensation proposals. MHProNews.com has learned the National Association of Independent Housing Professionals says: “As an alternative to the …

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MHI Responds to House Committee’s Letter

The Manufactured Housing Institute (MHI), responding to a request from the House Oversight and Government Reform Committee regarding regulations that negatively impact job growth in the manufactured housing industry, focused on three major areas of regulatory reform: Regulations authorized by Dodd-Frank; the Manufactured Housing Construction and Safety Standards Act; and …

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All Tracked Housing Stocks Register Gains

Hopes that Spain’s banking system will be bailed out by central banks in Europe led to the best week of the year for U.S. stocks as all three indexes registered gains. CNNMoney tells us the Dow Jones Industrial Average gained +93.01 points, +0.75%, to close at 12,554.20. The Nasdaq rose …

All Tracked Housing Stocks Register Gains Read More

Canadian Govt. Helping Fund First Nation Modular Plant

SooToday says the Federal Government of Canada has announced a $31,500 grant to the Missanabie Cree First Nation people to cover legal expenses for the establishment of a modular home building plant that will employ First Nation peoples building homes for their members in the Sault Ste. Marie area. The …

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County May Seize MH for BackTaxes

The DailyTimes in Farmington, New Mexico tells MHProNews.com the owners of 2,650 of the 12,000 manufactured homes in San Juan County in northwestern New Mexico have yet to pay their county 2011 property taxes, totaling almost $400,000. Failure to pay 2010 taxes has resulted in MH owners owing $72,000 in …

County May Seize MH for BackTaxes Read More

ARC Selling Communities in Kansas

LoanSafe reports from Wichita, Kansas, the Wichita Eagle says six MHCs in the Wichita area owned by American Residential Communities, Inc. (ARC) will be auctioned off online June 26 and 27. The Denver-based owner is offering nearly half of its local portfolio, comprising 830 homesites, which are 40 percent occupied …

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RV/MH Hall of Fame Invites You to Their Walk of Fame

The RV/MH Hall of Fame and Museum in Elkhart, Indiana announces anyone purchasing a brick in the Hall’s Walk of Fame before Aug. 31, 2012 will receive tax deductible status for the donation, and it will be matched by the Ingram’s family $100,000 challenge grant to reduce the debt. Vice …

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Affordable Housing Project put on Hold

Following up on a story we posted June 5, 2012, ctbulletin reports the Milford, Connecticut Planning and Zoning board delayed a vote regarding Garden Homes Management proposal for a 36-unit affordable housing project near Ryder Woods Mobile Home Park, and another MHC currently under construction. A Ryder Woods resident insists …

Affordable Housing Project put on Hold Read More

Experienced Eyes Watching Dodd-Frank

A line-up of former regulators, lawmakers, and other financial policy makers headed by one-time Federal Deposit Insurance Corp. (FDIC) chairman Sheila Bair will form the Systemic Risk Council to keep tabs on the enforcement of the new regulations under Dodd-Frank. As NationalMortgageNews tells MHProNews.com, the group was organized by the …

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Indexes Mixed, Bernanke Nixes Stimulus (for now)

A surprise rate cut by China’s central bank to encourage market growth spurred investors, but the rally was short lived following Fed Chairman Ben Bernanke’s assertion that no stimulus was imminent but may be utilized in the future. Still, CNNMoney tells us the Dow Jones Industrial Average managed to show …

Indexes Mixed, Bernanke Nixes Stimulus (for now) Read More

Town Meeting Votes in Rent Control

SouthCoastToday reports from Acushnet, Massachusetts the town meeting voted 43-33 to institute a three person rent control board for the local MHCs in the community. Proponents say rents have increased much more quickly than in the past, making it tough for seniors on fixed incomes. One MHC owner, saying he …

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It’s Auction Block for Crumbling MHC

AthensNews tells MHProNews.com from Ohio many of the factory-built homes in the Pine Aire MHC in Athens have been abandoned and vandalized following the storm that tore through it nearly two years ago, and now that the community is in foreclosure for back taxes, there is no one to do …

It’s Auction Block for Crumbling MHC Read More

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