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.

Import Law Needs to be Amended

The National Association of Home Builders (NAHB) asked Congress to amend the Lacey Act that holds unknowing purchasers responsible for buying illegal wood products from overseas. Under current law the U.S. government can seize any imported wood product—cabinet knobs, wood trim, lumber—made from plant material sold in violation of foreign

Import Law Needs to be Amended Read More

Deer Valley Leaps Again, Skyline Flies, Dow Drops

CNNMoney reports the Greek stock market fell 3.6 percent today, as that country’s uncertain political situation kept investors lined against the wall on U.S stocks. All three of the indexes lost ground today, as the Dow Jones Industrial Average dropped 76.44 points, -0.59 percent, to end the day at 12,932.09.

Deer Valley Leaps Again, Skyline Flies, Dow Drops Read More

Tight Squeeze for Modular Homes

The Rapid City Journal in South Dakota reports the Box Elder Planning and Zoning Commission wants developer Bob Akers to rethink his plans to replace the 125-site Wagon Wheel Village MHC with 166 modular homes spaced ten feet apart. Located just east of Rapid City, the local government has no

Tight Squeeze for Modular Homes Read More

Florida’s Largest MH Insurer Wants to Reduce

Following up on a story we published April 25, 2012, TCPalm says state-run Citizens Property Insurance in Florida wants to reduce its policyholders by some 687,000, 45 percent. Created by the state to provide insurance for manufactured home owners ineligible for private insurance, Citizens is now the largest insurance company

Florida’s Largest MH Insurer Wants to Reduce Read More

MOD Custom Builder Celebrates

BusinessReviewUSA informs us Moosic, PA-based Signature Building Systems, LLC is marking two milestones: Building its 4,000th custom modular home, and its 20th anniversary. CEO Victor DePhillips says, “The last four years have been difficult and we are thrilled to say we have made it through the storm and are currently

MOD Custom Builder Celebrates Read More

Good News for MH—Shipments Rise Again

The Manufactured Housing Institute (MHI) reports MH shipments for the first quarter of 2012 totaled 12,780 homes as opposed to 9,696 for the same period 2011, an increase of 31.8 percent. March 2012 saw 4,696 new manufactured homes shipped, 16.4 percent more than the same month 2011. Although shipments of

Good News for MH—Shipments Rise Again Read More

Buffett Not Naming Successor

UPI says Berkshire Hathaway Chairman Warren Buffett told stockholders gathered at the company’s annual meeting in Omaha his successor will have a sharp eye for profitable long-term investments, good negotiating skills at making large-scale deals to benefit the stockholders, while sticking to a solid investment strategy. Although share prices of

Buffett Not Naming Successor Read More

Florida Flooded with Shadow Inventory

Although Florida’s shadow inventory decreased nine percent from Q1 2010 to the end of 2011, the 550,000 units still account for almost one-third of the nation’s underwater inventory of 1.6 million properties, according to CoreLogic. In its study, Florida Realtors says 28 percent of the state’s homes as of Feb.

Florida Flooded with Shadow Inventory Read More

Housing Outlook Promising, but Still Mixed

The U.S. Department of Housing and Urban Development (HUD) and the Department of the Treasury, in their April 2012 housing scorecard, report mortgage delinquencies are significantly below levels of a year ago, having declined four straight months; and sales of existing homes in the first quarter were 5.3 percent better

Housing Outlook Promising, but Still Mixed Read More

Dow Recovers Early Losses; Louisiana Pacific Rises Nicely

CNNMoney reports the Dow Jones Industrial Average bounced back from losses early in the day as investors sifted for the significance of leadership change in France and Greece. The Dow nudged down 29.74 points, -0.23 percent, remaining just above thirteen thousand at 13,008.53. The Nasdaq gained slightly, +0.05 percent, to

Dow Recovers Early Losses; Louisiana Pacific Rises Nicely Read More

PA House Measure Deals with MH

DoylestownPatch reports from the Pennsylvania House of Representatives, HB 1767, sponsored by Rep. Robert Freeman, D-Northampton, dictates the responsibilities of an MHC owner during the sale of an MHC under the Manufactured Home Community Rights Act. Up for second consideration this week, MHProNews.com has learned the measure also denotes the

PA House Measure Deals with MH Read More

Mortgage Firms add Workers

The United States Bureau of Labor Statistics (BLS) reports mortgage companies added 2,700 full-time employees in March and another 2,800 in April, bringing employment in the mortgage and brokerage sector to 267,600 in March, almost 3,000 more employees than in Feb. of this year. OriginationNews tells MHProNews.com while employment in

Mortgage Firms add Workers Read More

Community Ownership of Communities

A segment on National Public Radio (NPR) highlights the problem MHC residents may face if the MHC owner decides to sell his community, causing residents to lose a home that may no longer be mobile, and thus their financial investment. Where some people may see this as a huge boulder

Community Ownership of Communities Read More

Job Growth Shrinking, Congress Gridlocked, Federal Reserve to the Rescue?

BloombergNews reports non-farm employment grew by only 115,000 in April, according to the Labor Dept., just enough to reduce the unemployment rate by .01 percent, down to 8.1. That brought the three month average increase down to 176,000 a month, a drop from the 252,000 average in February. However, the

Job Growth Shrinking, Congress Gridlocked, Federal Reserve to the Rescue? Read More

Ohio Demolishing Blighted Homes

Following the $25 billion settlement reached in March with mortgage servicers, Ohio’s attorney general Mike DeWine has begun granting $75 million of Ohio’s $335 million to local governments for demolishing abandoned homes. According to what HousingWire tells MHproNews.com, Ohio’s 10,000 dilapidated homes are pulling down home prices and turning away

Ohio Demolishing Blighted Homes Read More

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates