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.
In a follow-up to a story we reported Nov. 11, 2011, CelebrityNewsandStyle says Lucius Foster, the estranged father of actress Jodie Foster, was charged with 25 counts of grand theft and ten counts of contracting without a license for allegedly bilking over 20 investors out of $5,000 each after promising […]
Bad Actor Charged in Modular Housing Scam Read More
A CNNMoney article by Joshua Steiner and Allison Kaptur warns prospective real estate investors that the rosy 2012 forecast for the housing market has two pronounced thorns. The first is less than five percent of the mortgage purchase volume is in the hands of private investors. Support for the housing
Road to Housing Recovery Lengthening Read More
CNNMoney reports the Dow Jones Industrial Average rose nicely in early morning trading, fell as word spread that Standard and Poor may downgrade Eurozone members, but managed to climb back to register a 78.41 point gain, +0.65 percent, closing at 12,097.83. The Yahoo! Finance Manufactured Housing Composite Value gained 1.44
Dow Gains a Little Ground; Palm Harbor Slides 45.00 Percent Read More
The U.S. Department of Housing and Urban Development (HUD) announces $40 million in grants for housing counseling will be awarded competitively to HUD-approved counseling agencies and State Housing Finance Agencies across the country. Topics include avoiding foreclosure and mortgage scams, improving credit score, purchasing or renting a home, and qualifying
Housing Counseling Grants to go on Bidding Block Read More
StarTribune reports ice fishing accommodations have moved well beyond the unheated wood shacks set over a hole in the ice that you see in old movies. Displays at the St. Paul Ice Fishing and Winter Sports Show in St. Paul, Minnesota, include factory-built ice cabins as big as a small
Ice Fish Houses Scale Up Read More
In a follow-up to a story we published Nov. 30, MontgomeryAdvertiser reports from Alabama some state probate officials continue to impede registration of manufactured homes belonging to undocumented aliens despite a federal court issuing a temporary restraining order through Dec.7 blocking that part of the Alabama law. Section 30 of
MH Registration Deadline Moved to Dec. 31 Read More
KnoxNews reports Jerry Creel, formerly vice president of human resources and training for Clayton Homes’ retail division, has been promoted to vice president of human resources and talent at the manufactured housing company in Maryville, Tennessee. Carl Hill has been promoted to director of marketing and consumer insights, having previously
Promotions at Clayton Homes Read More
Amber and Kristopher Monte are pleased to announce the arrival Nov. 21, 2011, of their newborn son, River Edward Monte, weighing in at 7.5 lbs, 20 inches long. Amber Monte is the Chief Operating Officer (COO) of Investment Property Group, a private real estate investment firm that owns and operates
New Addition to the Manufactured Housing Industry Read More
NationalMortgageNews states, according to the Bureau of Labor Statistics, mortgage brokerage firms added 1,500 workers to their rosters in October. Employment in the mortgage/broker sector reached 236,500. The National Mortgage Licensing System reports the number of state-licensed loan officers rose 6,470 in Q3 to 113,350, suggesting former loan officers are
Number of Loan Officers Increasing Read More
CNNMoney reports the Dow Jones Industrial Average rose nicely in early morning trading, but fell as worries about the European debt crisis tempered investors’ ardor. The Dow managed to stay above the 12,000 mark, losing just -0.61 points, -0.01 percent, to close at 12019.42. The Yahoo! Finance Manufactured Housing Composite
Dow Loses a Little Ground; Palm Harbor Spikes 33.33 Percent Read More
OriginationNews reports seriously-delinquent mortgages (90 days or more out) through the Federal Housing Administration (FHA) increased October over Sept. by 0.03 percent to nine percent, the highest number since Feb. 2010. FHA-endorsed single-family loans declined in October three percent from the previous month, to $15.7 billion, and lending to homebuyers
InsuranceNetNews reports an article in the American Journal of Public Health describes a Health and Retirement Study that concludes there is a relationship between mortgage delinquency and ill health. The 2006-2008 study of persons 50 and older found because people so identify with their homes, the potential loss of the
Mortgage Delinquency Tied to Health Problems Read More
GizMag reports on a new Italian modular home concept with modules that easily hook together to provide housing for virtually an endless number of people, especially useful during disaster relief. Similarly, a series of cubes could be configured to make a single-family home with the usual household amenities in each
Modular Cubes: New Disaster Relief Housing? Read More
WKRV-TV in Rio Grande Valley, Texas, says Jo Leigh Ares has re-surfaced a month after four charges of felony theft were filed against her for allegedly taking deposit money from customers for manufactured homes that were not delivered. The owner of Park Girl Mobile Homes in La Feria turned herself
Park Girl Parked in Jail Read More
The Manufactured Housing Institute (MHI) states the National Modular Housing Council reports 3,544 new modular homes were shipped in the third quarter of 2011, a loss of two percent from the same quarter 2010. When compared to Q3 2010, state shipment numbers show six states had increased shipments,18 states saw
Modular Numbers Edge Down Read More
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
Housing Recovery: Around the Corner? Read More
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
Sun Asks for Variances at Cider Mill Crossings Read More
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
Blu Going Green in Bay Area Read More
