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.
NationalMortgageNews reports a Senate Banking Committee hearing to discuss the work regulators are doing at six different agencies to implement Dodd-Frank became embroiled in an exchange about a seventh agency not in the room. Legislators sparred over the impending vote of Richard Cordray to head the Consumer Financial Protection Bureau […]
Senate Committee Sidetracked by CFPB Head Nomination Read More
Stocks fluctuated throughout the day Wednesday with the Dow ending 43 points higher. The Manufactured Housing Composite Value ended up 5.5 percent. The biggest movers were Cavco Industries and Skyline Corporation, both ending the day with more than six percent added to their value. Cavco’s price crossed above its 15
Dow, MH Stocks Close Mostly Higher Read More
A red ribbon tied around a new manufactured home in Charleston, South Carolina was not a sales gimmick. The home is a gift for Doris and Neal Davis who lost their older home to a fire in May of this year. The John’s Island couple was chosen from more than
Couple Wins New Home in Clayton Sweepstakes Read More
WiscNews reports from the Wisconsin Dells a local realtor says real estate sales in the area through October 2011 have reached 192, up from 167 last year and 170 in 2009, and foreclosures are holding steady. John Schoenherr, of Century 21 Affiliated, also notes that much of the real estate
MH Sells Quicker than Other Real Estate Read More
WCAX-TV reports the site of a former furniture factory in Randolph, Vermont, is being developed in two phases to provide affordable housing in a neighborhood project headed by the Randolph Area Community Development Corporation. Originally the site of the Randolph Furniture Company, which was founded in the 1800’s, the Ethan
Modular Houses to Inhabit Former Ethan Allen Mfg. Site Read More
CNNMoney reports the Dow Jones Industrial Average edged up 83.93 points as investors heard talk of Eurozone leaders assembling a rescue fund to help debt-ridden economies, gaining +0.69 percent to close at 12,181.76. The Yahoo! Finance Manufactured Housing Composite Value fell -0.03 percent to close at 758.60. Tracked housing stocks
Investors Optimistic Euro Debt Crisis Will Resolve Soon Read More
PressConnects reports from Binghamton, New York, First Ward Action Council will develop three single-family modular homes on property it is buying from the city to help stabilize the neighborhood. Aimed at first time homeowners of modest means, the homes will sell for $70,000 each at which time they will be
Collaboration Brings Modular Homes to Town Read More
Daily-Times reports from Kirtland, New Mexico, the San Juan County Commissioners will be voting Dec. 6, 2011, on an ordinance that will require future developers of MHCs to obtain county approval and pay a plan-review fee. The water and septic service must be approved by the New Mexico Environment Department,
New Regulations for Developing MHCs in New Mexico Read More
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
