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.
The Manufactured Housing Institute (MHI) reports 4,139 new manufactured homes shipped in Feb. 2012, an increase of 45.3 percent from a year ago Feb, with single and multi-section homes both increasing, although single section accounted for 60.4 percent of the total. Jan. and Feb. 2012 MH shipments totaled 8,084 compared …
According to Trulia Inc., the National Association of Realtors (NAR) reports in RealtorMag rents increased five percent over the last 12 months as the asking price for homes declined 0.7 percent, reflecting a continuing stall in the homes-for-sale market. Reis Inc. says the rental vacancy rate fell to its lowest …
The Santa Fe Association of Realtors (SFAR) tells the SantaFeNewMexican home sales are up in the area due to low interest rates and buyers fears that interest and prices will soon rise, but inventory is down as potential sellers wait for prices to improve. The median sales price for a …
The National Association of Home Builders (NAHB) states if certain legislators have their way, this could be the last year for the mortgage interest deduction (MID). Calling it “the most important tax deduction for tens of millions of middle-class families”, NAHB says “more than 33 million families benefited from the …
The GadsdenTimes reports from the statehouse in Montgomery, Alabama that legislators continue to discuss moving tornado shelter inspection from the Alabama Manufactured Housing Commission (AMHC) to the state’s Emergency Management Agency (EMA) when the shelters are eligible to be reimbursed with federal funding. MHProNews.com has learned the AMHC currently inspects …
AL Legislature Discussing Inspection (Fees) of Storm Shelters Read More
According to the Mortgage Bankers Association (MBA), over $184 billion in multifamily and commercial loans was originated in 2011, a 55 percent increase over the previous year. Of last year’s $184.3 billion, Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) were responsible for $57.6 billion, the most among …
U.S. Stocks moved up on encouraging news from Europe and expected positive earnings reports after suffering several days of losses, as the Dow Jones Industrial Average regained 89.46 points, +0.70 percent, to end hump day at 12,805.39. CNNMoney tells MHProNews.com the Nasdaq moved up +0.84 percent, to close at 3016.46, …
If city officials in Fostoria, Ohio have their way, the residents of the 525 home sites in the four local MHCs will soon have safe haven in the event of threatening weather. Residents of this town south of Toledo began calling the city with concerns about their safety during tornado …
MHProNews.com has learned from Calgary, Alberta, Canada Okaply Industries has opened a new factory in Calgary. Based in Oka, Quebec, just north of Montreal, Okaply manufactures pre-finished gypsum, MDF, plywood, particleboard, shelving and moulding for the manufactured and modular housing industries. The company services clients in Canada, parts of the …
The OnlineSentinel reports from Madison, Maine a ruling that would restrict manufactured housing at Hidden Acres Mobile Home Park to newer models only was dropped, allowing post HUD Code (after 1976) homes to be sited, resolving a years-long disagreement between the town and the community’s owner, Tim Ames. The town …
The FayObserver tells MHProNews.com minimum housing standards are set to be tightened by the Cumberland County Commission in the south central area of North Carolina. In light of neighborhood complaints about the condition of some factory-built housing, the new measure would require all manufactured housing to have skirting around the …
OilandGasFinancialJournal says the DRC Group of Mobile, Alabama has installed a 100-room manufactured housing facility for personnel working the Eagle Ford Shale formation that runs from the southeast U.S. Mexican border northeast several hundred miles to north of Houston. MHProNews.com has learned Houston-based Apache Corp. and EOG Resources are two …
Oil and Gas Exploration Industry House Workers in MH Read More
The National Association of Home Builders and Building Green LLC tell MHProNews.com they are sponsoring a two-day course termed Advanced Green Building in Nashville, Tennessee April 25 and 26. The course will provide builders with the highest-level information available on the science of building and remodeling, while adhering to high …
CNNMoney says each of the three indexes dropped over 1.5 percent today as lending costs spiked in Spain and Italy, sending a shock wave of fear over investors as they scrambled for the doors. “People are starting to get very concerned about the macro picture of both sovereign debt and …
OriginationNews says Amherst Securities Group reports lower-priced housing loans will outperform jumbo loans at current prices, suggesting investors should look for bonds with smaller loan sizes. The report says a government bulk REO sale would stabilize the low-income housing prices, and clear out many of the 3.2 million homes in …
InsuranceNewsNet has issued a report from Housing and Urban Development (HUD) saying the mortgage insurance premiums (MIPs) for certain FHA multifamily housing and health care facilities will increase 15 basis points FY 2013. The market-rate for new construction/substantial rehabilitation loans will rise 20 basis points (except 223(a)(7) will increase five …
Based on sales growth of shares, two of the top five residential real estate investment trusts (REIT)s are MHC owners. Equity Lifestyle Properties (ELS) tops the list with a sales growth of 31 percent, nearly twice that of second place Mid-America Apartment Communities at sales growth 16.1. Essex Property Trust …
KRMGRadio says the first modular units for the Red Clay Casino have arrived in Broken Arrow, Oklahoma, just southeast of Tulsa. Being developed by the 450 member Kialagee Tribal Town from Wetumpka, OK, the project has become a lightning rod for opponents of the casino, including a state lawsuit to …
In its Week in Review newsletter, the Manufactured Housing Institute (MHI) is urging its members to contact their congressional delegation to support H.R. 3849, legislation introduced by Reps. Stephen Fincher of Tennessee, Joe Donnelly of Indiana, and Gary Miller of California. The Preserving Access to Manufactured Housing Act seeks to …
CNNMoney tells MHProNews.com stocks dropped sharply following the news Friday that the economy only added 120,000 jobs in March, resulting in the Dow Jones Industrial Average falling 1.00 percent, -130.55 points, to close under 13,000 at 12,929.59. The Nasdaq likewise dropped a little more than one percent, -33.42 points, to …
