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.
National Mortgage News reports the Commerce Department says housing starts increased 3.5 percent in May, following a 3.4 percent drop for April, to a seasonally adjusted annual rate of 560,000 units. This figure includes single-family and multi-family units. Multifamily housing starts alone rose 24 percent over May of 2010, to …
Housing Starts, Building Permits Up, but Builder Confidence Languishes Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) says the Manufactured Housing Institute (MHI) has issued a new proposal regarding sprinkler systems in HUD (Housing and Urban Development) code homes that MHARR says leaves the liability door open. MHI’s new suggestion states that sprinklers are federally preempted, but sets up …
The ADA Herald in Ada, Ohio, says real estate tax bills have been mailed this week, and the last day to pay manufactured home tax in Hardin County without penalty is July 27. In 2000, the county began taxing manufactured homes at the same rate as real property. In a …
The Chronicle Herald of Canada reports from Dartmouth, Nova Scotia, near Halifax, that a 1,500 square foot modular home has been termed the most energy efficient home in the Province by the designer, Axel Lerche. Before the house is sold in three to four months, it will be an educational …
The Dow fell nearly 180 points to close at 11,897.27 following disheartening manufacturing news and renewed fears about Greece’s economy. Most housing stocks fell as well. The Manufactured Housing Composite lost 1.93 percent to close at 934.60. Nobility Homes gained 4.89 percent. However, Cavco lost 3.60 percent, Sun Communities was …
Dow Falls as Manufacturing Falters, Housing Stocks Mostly Fall Read More
The Williston Herald in Williston, North Dakota, reports the Williams County Commission has approved a manufactured housing complex that will accommodate 2,500 people for a Capital Oil Field Services project. Located near Tioga in the northwest part of the state, the Capital Riggers Lodge will eventually consist of 74 buildings …
The Neosho Daily News says ten Federal Emergency Management Agency (FEMA) manufactured homes have arrived at Neosho’s Camp Crowder, south of Joplin, Missouri, where they will be prepared for distribution to several sites in factory-built communities in Jasper and Newton Counties. Fifty more homes are set to arrive this week …
FEMA Housing Begins Arriving for Joplin MO Survivors Read More
Yahoo! News reports the twister that ripped through Alabama April 27 demolished the home of Lisa and Jonathan Stewart and their two children near Birmingham. A Federal Emergency Management Agency (FEMA) inspector examined the remains, took pictures and notes and then sent a letter saying there was insufficient damage to …
Storm Hammers Alabama Residents, FEMA Hammers Some Victims Read More
The Biz Coach says The Boston Consulting Group (BCG) reports wages in China are rising 15 to 20 percent a year, shrinking the difference between U.S. and Chinese pay. This disparity, combined with growing initiatives in several U.S. states to increase efficiency in production, will ultimately mean the return of …
HousingWire reports RealtyTrac’s senior vice president says he does not expect a full recovery of the housing market until 2015. Rick Sharga, speaking at HousingWire‘s REO (Real Estate Owned) Expo in Fort Worth, Texas, says 2010 saw 2.9 million foreclosure filings, the most ever. There were 550,000 foreclosure filings in …
According to a recent survey for the National Association of Home Builders (NAHB), of 2000 likely voters in the 2012 elections, 73 percent of owner and renter respondents believe the government should provide tax incentives to encourage home ownership. Over seven of ten voters oppose eliminating the mortgage interest deduction …
The Dow responded positively to good news about inflation and retail sales, gaining a respectable 123.14 points to close at 12,076.11. The Manufactured Housing Composite fell .43 percent to end the day at 953. Sun Communities gained 1.38 percent, Cavco was up 1.15 percent and MSCI gained 1.10 percent. Nobility …
The Coeur d’Alene Press in Coeur d’Alene, Idaho, says since the tax credits for homebuyers expired in September 2010, the housing market from manufactured homes to waterfront properties has slowed. Compared to a year ago, home sales are down 8.4 percent, total dollar volume has fallen 11.8 percent, average sale …
Idaho Housing Market Down, but State Offers Incentive Read More
The Sulphur Daily News from Sulphur, Louisiana, says the city council has extended by six months the ban on “the construction, location or the siting of recreational vehicles, motor homes, [pre-HUD Code] homes, trailers, manufactured houses and manufactured trailers” in town. The ordinance was originally enacted in June of 2010, …
Following up on a series of stories we published about rent control ending in Oceanside, California communities, the last one being May 26, the San Diego Union reports the battle is heating up again, Southern California style. After the city spent millions to defend rent control, the Oceanside City Council …
LinkedIn states Oxbridge Ventures, Inc., a private investment company of Vancouver, Canada, will offer $100 million for manufactured housing investment in the U.S. and Canada over the next five years, proffering $30 million in equity and debt during the next 24 months. The funding is intended to augment available financing. …
Canadian Firm to Invest in U.S. Manufactured Housing Read More
The Chelan Real Estate Blog says a speech by Dr. Mark Dotzour, Chief Economist of the Texas Real Estate Center and keynote speaker at the Manufactured Housing Institute’s (MHI) Congress in April, states the economy has yet to hit bottom. He says the extensive government intervention has prevented the economy …
Real Estate Economist Lashes Out at Federal Programs Read More
The Boston Globe reports Harvard University’s Joint Center for Housing Studies notes the rate of home ownership in the U.S. fell below 67 percent for the first time since 1998. The report says this results in the demand for rental housing to increase, driving up rents, which housing advocates say …
More Rental Housing a Boost to the Economy? Can it Be? Read More
The Dow closed slightly up based on positive corporate news, but watered down by a lowered credit rating for Greece. The Dow gained .01 percent to close at 11,952.97, while the Manufactured Housing Composite lost 3.02 percent to close at 957.10. Housing stocks closed mixed, with several taking a drubbing. …
Dow Moves up Barely, Some Housing Stocks Fall Down Read More
WREGNews3 in Memphis, Tennessee, says Shelby County residents of factory-built homes who were flooded out recently will have to seek higher ground if they relocate or replace their homes. An ordinance passed in August 2010 requires the floor of a manufactured home to be one foot above the 100-year flood …
Ordinance from 2010 Requires MHs to Be Above Flood Plain Read More
