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.
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
GizMag reports on a new Italian modular home concept with modules that easily hook together to provide housing for virtually an endless number of people, especially useful during disaster relief. Similarly, a series of cubes could be configured to make a single-family home with the usual household amenities in each
Modular Cubes: New Disaster Relief Housing? Read More
WKRV-TV in Rio Grande Valley, Texas, says Jo Leigh Ares has re-surfaced a month after four charges of felony theft were filed against her for allegedly taking deposit money from customers for manufactured homes that were not delivered. The owner of Park Girl Mobile Homes in La Feria turned herself
Park Girl Parked in Jail Read More
The Manufactured Housing Institute (MHI) states the National Modular Housing Council reports 3,544 new modular homes were shipped in the third quarter of 2011, a loss of two percent from the same quarter 2010. When compared to Q3 2010, state shipment numbers show six states had increased shipments,18 states saw
Modular Numbers Edge Down Read More
WoodworkingNetwork reports that students at Ranken Technical College in St. Louis, Missouri, build small modular homes, called Tumbleweed Homes, with a footprint of 100 square feet in their first year in the workshop. The homes are sold and the proceeds are used to buy materials for the next set of
Building Small Modular Homes Trains Students for Careers Read More
HousingWire reports Radar Logic, which tracks home values in 25 metropolitan areas, says while home prices fell 4.4 percent for the year ending September 2011, the survey shows home sales increased 15.4 percent in those markets year-over-year in Sept., the largest gain for the month of Sept. since 2003. Michael
Housing Recovery: Around the Corner? Read More
WHMI in Livingston, Michigan, west of Detroit, reports the Tyrone Township Planning Commission approved zoning changes for Cider Mill Crossings MHC, recently purchased by Sun Communities, Inc. at a tax sale for just over $400,000. The previous owner left some projects short of completion before filing bankruptcy, and Sun asked
Sun Asks for Variances at Cider Mill Crossings Read More
MHProNews has received a communique from the Manufactured Housing Association for Regulatory Reform (MHARR) noting a copy of a letter on the stationery of Rep. Spencer Bacchus (R-Ala.), Chairman of the House of Representatives Financial Services Committee, and Rep. Barney Frank (D-Mass.), Ranking Member of the Committee. The letter is
Congressional Committee asks for GAO Probe of HUD MH Program Read More
SFGate reports a Massachusetts company is opening a factory on Vallejo’s Mare Island at the site of a former naval base just north of San Francisco. Close to the port of Oakland, and drawing on a nearby workforce of people skilled in home construction and high tech manufacturing, Blu Homes
Blu Going Green in Bay Area Read More
CNNMoney reports the Dow Jones Industrial Average traversed a rocky road in today’s trading, finally losing 25.65 points, to close at 12,020.03, a loss of -0.21 percent, as investors continue to worry about the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value lost a little more, -2.05 percent,
Dow Edges Down, Palm Harbor Booms Up Read More
NationalMortgageNews states the robo-signing scandal has led to such a tight pipeline in the foreclosure process that only 10,000 a month are being processed by FHA (Federal Housing Authority)-approved servicers, but that will clear as the agency pays for a surge on defaulted loans. FHA paid $14.9 billion in fiscal
Bailout Net to Catch FHA? Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) participated in the House of Representatives Financial Services Committee’s field hearing on “The State of Manufactured Housing” held in Danville, VA Nov. 29, 2011, submitting written testimony on the need for congressional oversight of the Housing and Urban Development (HUD)’s manufactured housing
MHARR Pans Field Hearing: HUD is the Bigger Hurdle Read More
RealtorMag reports the inventory of homes for sale fell to its lowest level in four years in October, according to data from Multiple Listing Service (MLS). Zelman and Associates says many sellers are taking their homes off the market because they are receiving low-ball bids, and banks are in no
Inventory of For Sale Homes Falls Read More
CNNMoney reports the Dow Jones Industrial Average surged upwards nearly 500 points, cresting the 12,000 mark, following the Federal Reserve’s announcement that it will work with other central banks to boost the global economy. The Dow closed at 12,045.68, gaining 4.24 percent, up 490.05 points. The Yahoo! Finance Manufactured Housing
“Wow” Went the Dow! Skyline Corp. Reached High Too! Read More
NYDailyNews reports Warren Buffett, who once said U.S. newspapers are not good investments, has changed his mind about his hometown paper. The last employee-owned major newspaper in the country, Buffett says the Omaha World-Herald “delivers solid profits and is one of the best run newspapers in America. The editorial independence
Buffett Makes News by Buying It Read More
CanadaNewswire reports Killam Properties, Inc., of Halifax, Nova Scotia, Canada has closed its public share offering of 3,256,000 shares at $10.75 per share, resulting in gross proceeds of $35 million. Killam intends to use the proceeds for future acquisitions, to pay off indebtedness, and general corporate expenses. The underwrites are
Canada’s Killam Closes Public Offering Read More
In a follow-up to a story we wrote Nov. 28, 2011, the DecaturDaily in Alabama reports a federal judge’s temporary restraining order prohibits county officials from verifying the residency status of persons applying for a MH license. Morgan County License Commissioner Sue Baker Roan said she processed 341 applications Nov.
MH Decal Applicants Deluge Alabama County Read More
At the “State of the Manufactured Housing Industry” Congressional Field Hearings in Danville, Virginia, Nov. 29, members of the House Congressional Subcommittee on Housing, Insurance, and Community Opportunity heard from a variety of persons in the MH arena. Henry Czauski, Acting Deputy Administrator for the Office of Manufactured Housing programs,
MH Field Hearing Yields HUD, MHI, Industry, and Resident Viewpoints Read More
