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.
GreenProphet reports that students at the American University in Cairo, Egypt, have designed a solar powered modular home to compete in the Solar Decathlon next year. However, the upheaval of the Arab Spring has led to new leadership in Egypt, and funding to enter the competition next fall in Spain […]
Modular is Afoot in Egyptian University Read More
HousingWire reports a bill reinstalling higher conforming loan limits for the Federal Housing Administration (FHA) was singed into law Friday morning, Nov. 18, by President Obama. Both the House and Senate had passed the bill by over a two-thirds majority on Thursday. The FHA can now insure loans up to
Pres. Obama Signs FHA Bill to Raise Loan Limits Read More
Curbed reports from Brooklyn’s Atlantic Yards that Forest City Ratner is finalizing plans to build the world’s largest modular housing unit, divided between affordable rental housing and market rate rentals. The 32-story tower, the first of three residential edifices built in this development that will include a professional basketball arena
If Ratner Quells Labor, Finds Financing, Modular Housing will Rise Read More
TheTandD reports from South Carolina the Orangeburg County Planning Commission has finalized zoning plans that would allow single-section manufactured homes to be sited in an area already populated by site-built and sectional manufactured homes. During their November meeting the commissioners approved the creation of the RS-2 Single-family/Manufactured Home District. According
Economic Woes Lead to MH Zoning Change Read More
CNNMoney reports the Dow Jones Industrial Average fell as investors worry that the European debt crisis may spread to other large European economies, dropping 134.86 points, 1.13 percent, to close at 11,770.73. The Yahoo! Finance Manufactured Housing Composite Value followed suit, losing -1.90 percent to close at 858.60. Many tracked
Dow Dips, Palm Harbor Trips, Patrick Pleases Read More
SaltLakeTribune reports about two dozen land lease community (LLC) residents attended a Capitol Hill Business and Labor Committee hearing to support legislation that calls for mediation in cases of MHC owner-resident disputes. Rep. Janice Fisher (D-West Valley City) introduced a bill that would provide for nonbinding mediation if the rent
Utah Legislature Dealing with MHC Owner-resident Mediation Read More
Uticaod reports from New Hartford, New York, just west of Utica, the town has issued more permits for manufactured housing this year than in the previous two years combined. There have been only seven permits for site-built homes this year. Noting the 31 permits for MH, New Hartford town Codes
MH on the Move in New York Read More
IndyStar reports new home building permits for October in Indianapolis increased 16 percent over last October, according to the Builders Association of Greater Indianapolis (BAGI). Of the 269 permits issued in this nine-county area, 103 were for Hamilton County, an upscale suburban area just north of the city, which registered
Inching Along in Indy: Building Permits Rise and Fall Read More
The National Association of Home Builders reports builder confidence rose in November three points to 20 on the NAHB/Wells Fargo Housing Market Index (HMI) for newly-built single family homes. Building on a three point increase from October, the HMI is at its highest point in 18 months. NAHB Chief Economist
Home Builders: 30 Points from Condition “Good” Read More
FremontTribune reports from Nebraska the charity, Rebuilding Together, and Lowe’s Charitable and Educational Foundation have partnered on 450 projects since 2007 to help elderly, disabled, and low-income homeowners with renovations and repairs. Recently, volunteers and Rebuilding Together board members installed energy-efficient windows and doors on the factory-built home of Cleo
Charity and Big Biz Winterize MHC Home Read More
CNNMoney reports the Dow Jones Industrial Average fell quickly at the end of the trading day as concerns were raised that the European debt problems could impact the U.S. economy. The Dow lost 190.57 points, or 1.58 percent, to close at 11,905.59 The Yahoo! Finance Manufactured Housing Composite Value closed
Dow Jittery that EU Bug may Infect U.S. Read More
NOLA reports from Louisiana that Knauf, the German supplier of faulty Chinese drywall, is set to settle litigation with homebuilders to reimburse them for remediating homes built with the sometimes toxic building product. During the housing boom, and following the hurricanes of 2004-2005 (including Katrina), the U.S. had to import
Chinese Drywall Supplier to Reimburse Builders Read More
TheTownTalk reports from Alexandria, Louisiana, that a planned multi-family, modular housing development was blocked at a city council meeting by residents concerned that property values would fall and crime would increase. The council was considering a proposal to change the zoning from agricultural to multi-family to allow for the housing.
Neighborhood Rejects Planned Modular Housing Read More
MHProNews has learned that Cavco Industries CEO and Manufactured Housing Institute (MHI) Chairman Joe Stegmayer has accepted the invitation from the Midwest Manufactured Housing Federation (MMHF) to address the 2012 Louisville Manufactured Housing Show. When asked what topics he plans to cover, Stegmayer replied, “On behalf of MHI and the
MHI Chairman to Attend Louisville Show in January Read More
MHARR (Manufactured Housing Association for Regulatory Reform) says Nov. 14, 2011, a House-Senate conference committee approved cutting HUD’s $14 million MH budget request to $6.5 million. MHARR has continually pointed out that HUD added contractors and program staff to the MH program as production declined. The report says the proposed
New HUD MH Budget Sliced in Half? Read More
Daily-Times reports from Farmington, New Mexico, that in San Juan County, in the northwestern corner of the state, the county commissioners took another step towards regulating manufactured home communities. An ordinance was passed requiring developers to obtain a license from the community development department and pay a fee for building
New Mexico County set to Regulate MHCs Read More
TheDickinsonPress reports residents of a land lease community in Dickinson, North Dakota, may be relocated to make room for a parking lot for a four-story modular dormitory to house students of Dickinson State University. Linda Steve, Dickinson State University Alumni and Foundation representative, said at a city Board of Adjustment
LLC Residents Move for State U Read More
CNNMoney reports the Dow Jones Industrial Average gained slightly today as investors’ fears eased about the European debt crisis. The Dow gained 17.18 points, or +0.14 percent, points to close at 12,096.16. The Yahoo! Finance Manufactured Housing Composite Value closed up 1.25 percent to end the day at 879.9. Tracked
European Debt Fears Ease, U.S. Economic Data Looking Better Read More
MarketWatch says in an interview with Cathy Baron Tamarz, the CEO of his own company, Business Wire, Warren Buffett reiterates that those earning over $1 million should pay the same percentage in income taxes as middle-class Americans. Noting it is class warfare, he said, “My class has won. You’ve seen
The Oracle of Omaha: Buffett Rules Read More
RealtorMag reports a survey of 1,000 adults by Move Inc. reveals 27 percent of respondents say they plan to buy a home in the next two or three years, but only two percent intend to buy within 12 months. 23 percent are delaying the purchase over concerns for the real
Low Interest, Low Home Prices, Still Buyers Wait Read More
