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.
MarketWatch reports real estate investment trust (REIT) Sun Communities, Inc., announced its board of directors declared a dividend of $0.63 a share for the fourth quarter 2011. Payable Jan. 20, 2012, Sun has 21.8 million shares outstanding. The company owns and operates 156 manufactured housing communities with 54,000 sites. The […]
Sun Declares Q4 2011 Dividends Read More
Origination News says a bi-partisan Congressional effort to increase the guarantee fees, or “g-fees,” that Fannie Mae and Freddie Mac charge lenders will level the playing field so private lenders can return to the mortgage market. “Private secondary market investors are starving for yield, and raising the g-fees to a
Raise “g-fees” says Congress Read More
CNNMoney reports claims for jobless benefits fell to a three-year low, inching the Dow Jones Industrial Average up 45.33 points, +0.39 percent, to close at 11,868.81. Continuing fears about the Eurodebt crisis kept the Dow from advancing further. The Yahoo! Finance Manufactured Housing Composite Value gained nearly the same percentage,
Dow Edges Up; Skyline, UFPI most Active of Tracked Stocks Read More
Mlive reports a blueberry farmer wants a special permit to house 17 migrant laborers in an 1,820 square foot modular home in Port Sheldon Township in Ottawa County, Michigan. Opponents say it will hurt property values and increase the risk of crime. Someone anonymously distributed fliers in the area that
Modular Housing for Migrant Workers in Michigan Read More
Following up on a story we published Nov. 14, 2011, OmahaWorld-Telegram reports the oil boom in North Dakota continues to have positive repercussions for area MH producers. The York, Nebraska, Champion Home Builders plant has doubled its production staff since summer to 150, and intends to hire another 50 early
North Dakota Oil Boom Drawing Midwest MH Producers Read More
Input from manufactured home owners, community operators, and the public at large is sought on the issue of alternative manufactured home placement outside MHCs, according to MySunshineCoast in Australia. Housing Minister Karen Struthers, speaking at the Manufactured Home Owners Consumers Forum, suggests participants weigh in on the recently released discussion
Down Under Dealing with MH Siting Read More
Stocks closed lower for the third consecutive day Wednesday as concerns about the financial situation in the European Union weighed on the market. One of the biggest decliners on the New York Stock exchange was Skyline Corp., which fell 15.4 percent to $5.06 a share. The company recovered some of
Stocks Close Down for Third Consecutive Day, MH Follows Read More
HousingWire reports Zillow says home values declined in October 0.3 percent from the previous month. Home values have declined 23.7 percent since 2007, and on a year-over-year basis, the Zillow home value index fell 5.1 percent to $147,900. On a regional basis, of the 156 metropolitan statistical areas covered by
Zillow: Home Values Continue to Drop Read More
NationalMortgageNews reports Republican Senators want the Obama administration to more forcefully strengthen the Federal Housing Administration (FHA) before confirming Carol Galante to head the agency. They also seek a plan for dealing with GSEs (government -sponsored enterprises) Fannie Mae and Freddie Mac. Sen. Jim Demint, (R-SC), leveling charges at Ms.
Galante’s Nomination to Head FHA Sent to Full Senate Read More
Following up on a story we published Nov. 28, 2011, MontgomeryAdvertiser reports Federal Judge Myron Thompson issued an injunction Monday against part of the Alabama immigration law that prevents undocumented aliens from entering into any type of business transaction with the state. He called the law “discriminatorily based.” The injunction
Judge Calls Alabama Immigration Law Discriminatory Read More
CNNMoney reports the Dow Jones Industrial Average rallied well during the day, but dropped upon word the Federal Reserve did not lower interest rates, and Germany’s chancellor rejected the idea of a larger bailout. The Dow lost 66.45 points, -0.55%, closing at 11,954.94. The Yahoo! Finance Manufactured Housing Composite Value
Dow Waffles Down, Nobility Perks Up Read More
According to the News-Journal, a one thousand acre site in Ormond Beach, Florida, is once again rankling feathers. Turned down ten years ago as an MHC, $150,000 homes were supposed to be built, but none were. The developer has returned asking for an amendment to the agreement with Volusia County,
Desireable Land in Fla. May Finally Become MHC Read More
In a letter to MHProNews.com, Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), says there were 121 orders for modular homes in the third quarter 2011, five more than in the same period last year. This ranks Iowa sixth in the survey of 29 states in modular
Modular Orders Up in Iowa Read More
TampaBay reports a $33 million program over the past 12 years to retrofit thousands of pre-HUD Code homes with anchors to make them more storm resistant has come under fire for not living up to its expectations. Longtime manufactured housing supply businessman and lobbyist for the MH industry, Ken Cashin,
Ken Cashin’s Political Windstorm Read More
NationalMortgageNews reports in the wake of the housing industry crisis, homeowners associations (HOAs) are having to rely in some cases on special assessments to make up for vacant units in foreclosure or otherwise unoccupied. Normally HOAs levy a monthly or yearly assessment to help pay for snow and trash removal,
Housing Meltdown Fallout: HOAs Getting Pinched Read More
AnnistonStar reports in a piece written by the editorial board of the paper, that conventional wisdom maintains site-built homes of bricks and mortar withstand the effects of a tornado better than manufactured housing. However, the National Weather Service (NWS) has determined where 166 of the 248 Alabama victims died during
Death Toll Higher in Site-Built Homes Read More
SantaMonicaDispatch reports the Monterey Trailer Park in Los Angeles, California, was declared a Historical Cultural Monument Landmark in 2002 by the city of Los Angeles for being “a prime example of an early 20th Century recreation and housing resource in the booming Post WWII Los Angeles area.” It was originally
MHC to Become Historical Landmark? Read More
TheProvince reports from British Columbia, Canada, that several manufactured and modular housing producers in Canada are making small modular homes that can legally be placed beside or behind an existing single-family dwelling, where permitted. Called garden or “granny” suites, the portable homes have a kitchen, one or two bedrooms, bathroom
“Granny” Modular Homes May be Sited Next to Family Home Read More
CNNMoney reports the Dow Jones Industrial Average dropped steadily during the trading day as the Eurozone debt crisis worried investors again. The Dow inched a little higher toward day’s end, managing to stay above the 12,000.00 mark at 12,021.39, losing 162.87 points, or 1.34 percent. The Yahoo! Finance Manufactured Housing
Euro Debt Drops Dow; MH Stocks Mostly Sink Slightly as Well Read More
BuffaloNews reports Cattaraugus Community Action, Inc., in Cattaraugus County, New York, has received a $749,986.00 grant from the state to provide a manufactured housing assistance program. Located south of Buffalo, the funding through the Manufactured HOME Replacement Initiative II will be used to replace decrepit pre-HUD Code homes, and improve
State Replacing Dilapidated Factory-built Homes Read More
