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.
WoodworkingNetwork reports that students at Ranken Technical College in St. Louis, Missouri, build small modular homes, called Tumbleweed Homes, with a footprint of 100 square feet in their first year in the workshop. The homes are sold and the proceeds are used to buy materials for the next set of …
Building Small Modular Homes Trains Students for Careers Read More
HousingWire reports Radar Logic, which tracks home values in 25 metropolitan areas, says while home prices fell 4.4 percent for the year ending September 2011, the survey shows home sales increased 15.4 percent in those markets year-over-year in Sept., the largest gain for the month of Sept. since 2003. Michael …
WHMI in Livingston, Michigan, west of Detroit, reports the Tyrone Township Planning Commission approved zoning changes for Cider Mill Crossings MHC, recently purchased by Sun Communities, Inc. at a tax sale for just over $400,000. The previous owner left some projects short of completion before filing bankruptcy, and Sun asked …
MHProNews has received a communique from the Manufactured Housing Association for Regulatory Reform (MHARR) noting a copy of a letter on the stationery of Rep. Spencer Bacchus (R-Ala.), Chairman of the House of Representatives Financial Services Committee, and Rep. Barney Frank (D-Mass.), Ranking Member of the Committee. The letter is …
Congressional Committee asks for GAO Probe of HUD MH Program Read More
SFGate reports a Massachusetts company is opening a factory on Vallejo’s Mare Island at the site of a former naval base just north of San Francisco. Close to the port of Oakland, and drawing on a nearby workforce of people skilled in home construction and high tech manufacturing, Blu Homes …
CNNMoney reports the Dow Jones Industrial Average traversed a rocky road in today’s trading, finally losing 25.65 points, to close at 12,020.03, a loss of -0.21 percent, as investors continue to worry about the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value lost a little more, -2.05 percent, …
NationalMortgageNews states the robo-signing scandal has led to such a tight pipeline in the foreclosure process that only 10,000 a month are being processed by FHA (Federal Housing Authority)-approved servicers, but that will clear as the agency pays for a surge on defaulted loans. FHA paid $14.9 billion in fiscal …
The Manufactured Housing Association for Regulatory Reform (MHARR) participated in the House of Representatives Financial Services Committee’s field hearing on “The State of Manufactured Housing” held in Danville, VA Nov. 29, 2011, submitting written testimony on the need for congressional oversight of the Housing and Urban Development (HUD)’s manufactured housing …
MHARR Pans Field Hearing: HUD is the Bigger Hurdle Read More
RealtorMag reports the inventory of homes for sale fell to its lowest level in four years in October, according to data from Multiple Listing Service (MLS). Zelman and Associates says many sellers are taking their homes off the market because they are receiving low-ball bids, and banks are in no …
CNNMoney reports the Dow Jones Industrial Average surged upwards nearly 500 points, cresting the 12,000 mark, following the Federal Reserve’s announcement that it will work with other central banks to boost the global economy. The Dow closed at 12,045.68, gaining 4.24 percent, up 490.05 points. The Yahoo! Finance Manufactured Housing …
“Wow” Went the Dow! Skyline Corp. Reached High Too! Read More
NYDailyNews reports Warren Buffett, who once said U.S. newspapers are not good investments, has changed his mind about his hometown paper. The last employee-owned major newspaper in the country, Buffett says the Omaha World-Herald “delivers solid profits and is one of the best run newspapers in America. The editorial independence …
CanadaNewswire reports Killam Properties, Inc., of Halifax, Nova Scotia, Canada has closed its public share offering of 3,256,000 shares at $10.75 per share, resulting in gross proceeds of $35 million. Killam intends to use the proceeds for future acquisitions, to pay off indebtedness, and general corporate expenses. The underwrites are …
In a follow-up to a story we wrote Nov. 28, 2011, the DecaturDaily in Alabama reports a federal judge’s temporary restraining order prohibits county officials from verifying the residency status of persons applying for a MH license. Morgan County License Commissioner Sue Baker Roan said she processed 341 applications Nov. …
At the “State of the Manufactured Housing Industry” Congressional Field Hearings in Danville, Virginia, Nov. 29, members of the House Congressional Subcommittee on Housing, Insurance, and Community Opportunity heard from a variety of persons in the MH arena. Henry Czauski, Acting Deputy Administrator for the Office of Manufactured Housing programs, …
MH Field Hearing Yields HUD, MHI, Industry, and Resident Viewpoints Read More
RetirementPlannings reports that Universal Forest Products, Inc. (NASDAQ: UFPI) is in a downward trend pattern. Universal Forest Products, Inc. is a holding company. The Company provides capital, management and administrative resources to subsidiaries that design, manufacture and market wood and wood-alternative products for do-it-yourself (DIY)/retail home centers and other retailers, …
RetirementPlanners dis-UFPI stock in recent report Read More
MiamiHerald and MiamiNewsTimes reports that a landlordwas arrested for ramming a front end loader into an occupied rental home. Miller had rented the mobile home to Michelle Valdez, age 23, her brother, sister and law and Valdez’s three children. Valdez was current on her payments, but according to reports, had …
Community owner arrested for using front loader to evict residents Read More
CNNMoney reports that the Dow edged higher today, continuing Monday’s rally. The modest just-over-a-quarter percentage point gain came amid concerns that a French credit downgrade could harm the ‘save the Euro’ efforts in play. The Dow closed at 11,555.63 +32.62 (+0.28%), down year to date -0.19%. The Yahoo! Financial Manufactured …
MHProNews has learned that Vermont’s Lt. Governor Phil Scott and Secretary of Commerce and Community Development Lawrence Miller project for de-commissioning Irene damaged ‘mobile homes’ and replacing them with new manufactured homes has made significant progress. In a press release, the Lt. Governor’s office said “In our work so far, …
Lt. Governor’s task force supervises removal of Irene damaged mobile homes Read More
MSN reports that the National Association of Realtors (NAR) spent 6.1 million dollars in the 3’d quarter of 2011 in federal lobbying efforts. This is down from 7.1 million spent in the 2nd quarter, but up from the 4.5 million spent by the group in the 3’d quarter of 2010. …
NAR quarterly lobbying blows away manufactured housing lobby funding Read More
SunTimes reports that Myrtle Beach, South Carolina (SC) will soon be providing 3 new modular homes in an affordable housing project made using federal funds for neighborhood stabilization. Each house is about 1,100 square feet and each has a front porch that adds about 150 square feet. The homes feature …
