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.
WashingtonPost reports Ben Barnanke will get pounded from the left and the right at this week’s Federal Reserve policy making committee. Half of the ten member committee disagrees with his monetary policy. The conservatives say he is doing too much; the liberals saying he is not doing enough. “A growing …
Bernanke in the Ring: “It’s a left, then a right, another left …!!” Read More
MHProNews has learned of a letter sent to the Minot Daily News from a woman whose single-mother daughter wisely moved her manufactured home out of the flood zone in advance of the raging Souris River this past spring, but now has no place to site it. The original community, Valerie …
MHProNews asked DJ Pendleton, the Executive Director for the Texas Manufactured Housing Association (TMHA), to comment about his being approached by MHI’s leadership to fill the role by the departing Thayer Long. “I was exceptionally flattered to be mentioned as a potential replacement for Thayer, especially after I saw the …
TX State Exec for the departing Thayer Long’s post? Read More
CNNMoney reports the Dow Jones Industrial Average rose a mere 22.56 points during the day, as investors stepped back from yesterday’s blockbuster. However, the month of October has seen the value increase 12 percent, and the gains have been the best since January 1987. The Dow closed at 12,231.11, a …
Dow Rests Following Huge Rally; Nobility Homes Spikes Read More
LIBN reports from Smithtown on Long Island in New York that Veritas Villages of America plans to build 560 affordable modular homes, apartments and townhouses for U.S. military veterans and their families. Veritas intends to win grants from the federal government to provide veterans housing and qualify for the HUD-VASH …
Roll Call: Vets to Muster in Modular Home Community Read More
MHProNews has learned in a report from DSnews the Federal Housing Financing Agency (FHFA) has redesigned HARP (Home Affordable Refinance Program) to bolster more underwater homeowners, and thereby buoy the housing market a little longer. Originally, only those who owed more than 25 percent above the value of their home …
The New HARP: Performing for a Larger Underwater Audience Read More
KRGVTV reports from Laferia, Texas, that an MH dealer with two pending civil cases against it has received a fresh batch of accusations alleging fraud. Park Girl in Laferia, in south Texas, has been accused of taking deposits for manufactured homes and then breaking the contract without returning the money. …
MHProNews has learned from NationalMortgageNews the Federal Housing Finance Agency (FHFA) now estimates it will cost $52 billion less to bail out Fannie Mae and Freddie Mac because of better than expected results of the GSEs (government sponsored enterprises). The agency’s original estimate was between $221 billion to $330 billion, …
Bailout Estimate Falls. FHFA Funds GSEs; GSEs Pay FHFA Dividends. Any Questions? Read More
BoonvilleDailyNews reports from Boonville, Missouri, that modular home builder Fuqua Building Systems closed its plant here and its office in Bend, Oregon, earlier this month after over 40 years in business. At one time employing 175 in Boonville, Fuqua had ceased operations in May after a series of layoffs since …
MHProNews has received press releases and statements/reports from and about the National Fire Protection Agency (NFPA) on the topic of fire safety in HUD Code manufactured housing. The differing press releases from MHI and MHARR are closely tied with the subject of fire sprinklers, preemption and the very nature …
Sparks fly on NFPA Report on Fires and Manufactured Homes: We provide, You decide Read More
CNNMoney reports a nearly 340 point jump in the Dow on the announcement that the European Union had agreed on a debt deal. The Dow Jones Industrial Average soared +339.44 (+2.86%) to close at 12,876, now in positive territory for the year, at +5.45%. The Yahoo! Finance Manufactured Housing Composite Value …
Palm Harbor Roars, Manufactured Housing out soars, Dow rose on a big day for market gains Read More
The switchover from the current website format of MHProNews.com (a.k.a. MHMSM.com) to the long anticipated new one will begin Saturday evening at 11 PM Central Time. While many of the changes are technical ones that only a web-pro will notice, regular visitors will see dozens of new features and a …
The Future of Manufactured Housing News starts this weekend! Read More
In a follow up to a story published on MHProNews August 17th, BlueRidgeNow reports that 55 year old Roger Leon King plead guilty to 7 counts of obtaining property by false pretenses, totaling more than $290,000. Arrested in August on 2 counts, King was charged with five additional counts in …
Following up on a story we initially published March 17, 2011, MiamiHerald reports a multitude of homeowners in South Florida have filed separate legal claims against a German producer of Chinese drywall and the local distributor, alleging the drywall contains toxins that can cause breathing problems, emit foul odors, and …
MHProNews has learned that SABIC Innovative Plastics and construction supply firm Meccano de Mexico developed one-piece, reusable concrete forms made from SABIC’s LNP Verton long glass fiber reinforced thermoplastic composite. The corrosion-resistant composite forms developed by SABIC and Meccano de Mexico replace heavy multi-piece steel forms. They are used to …
Companies team up for new panelized building process Read More
MHProNews is continuing our follow up in the search for a replacement at the Manufactured Housing Institute (MHI) for the departing association president, Thayer Long. For a variety of reasons, including protecting sensitive sources of information, MHProNews has previously named 5 potential candidates who were named by various sources for …
Update on Thayer Long’s replacement at the Manufactured Housing Institute Read More
CNNMoney reports the Dow Jones Industrial Average, after dipping and diving during the day, finally gained 162.42 points to close at 11,869.04, a gain of 1.39 percent, as investors sensed a bailout deal was near in the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value was up 2.89 …
Dow Lands on Positive Ground; Housing Stocks Improve also Read More
Redstate updates a report MHProNews previously covered on Elizabeth Warren, President Obama’s force behind the Consumer Financial Protection Bureau (CFPB) and current candidate for the U.S. Senate from Massachusetts. Commenting in an article in The Daily Beast about the Occupy Wall Street movement that has spread across the country and …
MHProNews has learned that the U.S. Commerce Department reports newly-built, single-family home sales rose 5.7 percent in September, recording their best growth in five months, to a seasonally-adjusted rate of 313,000 units. “The improved rate of new-home sales in September is on par with NAHB’s forecast for the overall number …
Bloomberg reports the U.S. Census Bureau says manufactured housing shipments rose to a seasonally-adjusted rate of 49,000 in August, up two thousand units from July 2011. Placements rose from 43,000 to 44,000 for the same period, and dealer inventory held steady at a seasonally-adjusted rate of 21,000. The average sale …
