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.
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, […]
Single Women Buying Up the Land Read More
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
Modular Housing for Faculty? Read More
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
Young Team Rehabs Original Modular Home Read More
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
CFPB to Exclude GSEs from LO Comp? Read More
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
MHI Responds to House Committee’s Letter Read More
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
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
Canadian Govt. Helping Fund First Nation Modular Plant Read More
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
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
ARC Selling Communities in Kansas Read More
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
RV/MH Hall of Fame Invites You to Their Walk of Fame Read More
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
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
Experienced Eyes Watching Dodd-Frank Read More
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
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
Town Meeting Votes in Rent Control Read More
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
A Los Angeles architecture and interior design family business is recycling classroom trailers into low-cost but chic modular homes. According to the LATimes, research+recycle can seam two of the units that measure 24 feet by 40 feet together or reconfigure the individual units, as well as raise the ceilings 15
Classroom to Classy Home Read More
According to a Mortgage Bankers Association (MBA) survey, the average 30-year fixed-rate mortgage dropped to 3.87%, the lowest rate since MBA started the survey, while the 30-year fixed-rate jumbo loan (greater than $417,500) fell to 4.13%, also the lowest in the survey’s history. Meanwhile, says NationalMortgageNews, applications to refinance loans
Low Interest Rate Spurs Interest Read More
In a Q&A session at Washington, D.C.’s Economic Club, Berkshire Hathaway’s Chairman Warren Buffett said there will not be another recession “unless events in Europe develop in some way that spills over here big-time,” according to BloombergNews. Responding to questions posed by David Rubenstein, co-CEO of Carlyle Group LP, the
Buffett: Eurozone Needs to Unify Better Read More
The National Association of Home Builders showed up 700 strong on Capitol Hill Wed., June 6, 2012, to implore Congress to get the homebuilding industry back on track. Specifically, builders asked for the restoration of credit flow for new housing production; the reform of GSEs to ensure a federal backstop
NAHB Converges on Congress Read More
CNNMoney tells us the Dow Jones Industrial Average and the S&P notched their best gains of 2012 on investors’ hopes that more stimulus may be in the pipeline to push the markets higher. The Dow gained 2.37 percent, 286.84 points, to close at 12,414.79. The Nasdaq rose 2.40 percent to
Dow Spikes, Housing Composite and Several Housing Stocks Follow Suit Read More
