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 KentReporter in Kent, Washington, reports as part of a project to preserve 600 units of affordable housing in King County, the Bonel Mobile Manor manufactured housing community in Kent will receive $1.53 million from the King County Housing Finance Program to renovate the community and maintain low-income housing. Located […]
MHC to be Renovated for Affordable Housing Read More
Agreement among European leaders on a new deal to solve the European debt crisis sent the Dow higher by 186 points Friday. Yahoo’s Manufactured Housing Composite Value rose by more than three percent. Affiliated Managers Group added $2.27 (2.43 percent) to close at $95.85. Berkshire Hathaway, parent company to Clayton
Stocks Rebound To Close Week, MH Stocks Also Rise Read More
Inhabitat reports an Italian firm has developed an energy efficient tubular Alpine cabin designed especially for mountain climbers and skiers. LEAP(Living, Ecological, Alpine Pods) Factory’s Gervasutti refuge is solar-powered, weighs 5,500 pounds and has six contact points with the ground. The elongated modular contains nearly 100 square feet and will
High Mountain Modular Cabin Read More
HousingWire says Zillow Real Estate Market Reports is partnering with researcher Pulsenomics to sponsor what will be called the Zillow Home Price Expectations Survey. First published by Pulsenomics in 2010 with MacroMarkets as its sponsor, the quarterly survey is based on the expert opinions of over 100 housing market analysts,
Future of Housing Industry—Five Years Out Read More
WGMD reports members of the First State Manufactured Housing Association (FSMHA) donated $1000 worth of items to be distributed to food banks in Sussex County, in southern Delaware, and another $445 of provisions to restock food pantries in Kent County. “I am very proud that our Members appreciate the value
First State MHA Helps Feed the Hungry Read More
TheChronicleHerald reports from northern Ontario, Canada, residents of Attawapiskat First Nation reserve may be housed in a retrofitted sports complex and healing center until a more permanent housing solution can be determined, or they may be evacuated. The problem stems from a 2009 sewage backup which forced Attawapiskat families from
Modular Homes may Result from Standoff with Ottawa Read More
CNNMoney reports the Dow Jones Industrial Average dropped nearly 200 points on news the the Euro debt crisis continues in limbo. The Dow dropped 198.67 points, -1.63 percent, to close at 11,997.70. The Yahoo! Finance Manufactured Housing Composite Value gained +0.54 percent to close at 805.30. Most tracked housing stocks
Dow Falls After Euro Bank Official Refuses Assistance to Troubled Countries Read More
St. Clair Times reports from Alabama the Argo zoning board will consider a proposed ordinance to allow more manufactured homes into an area that has been home to MHs for many years. In changing the zoning from “high-density residential” to “manufactured home zoning,” the ordinance would disallow manufactured homes over
Rezoning Proposal Creates Conflict of Interest Charges Read More
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
