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.
Mortgageorb reports that Fitch Ratings revised loss expectations on 143 U.S. manufactured home residential mortgage-backed securities (RMBS) transactions. Fitch says collateral performance has generally remained stable over the last year. Performance stability is attributed to consistent servicing practices and the seasoning of the assets. Some 95% of the transactions reviewed […]
HousingWire reports Campbell/Inside Mortgage Finance says over the last month, the time required to approve a mortgage grew from 30 days to between 45 and 60 days. The company’s Housing Pulse survey states lenders are having to spend more time dealing with mortgage refinancing. Appraisal issues with property damage on
Applying for a Mortgage? Be Patient Read More
CNNMoney reports the Dow Jones Industrial Average rose 105.20 points during the day to close at 11,913.99, a gain of 0.89 percent, as investors welcomed some good business news at week’s beginning. The Yahoo! Finance Manufactured Housing Composite Value gained 3.63 percent to close at 760.01. Most housing stocks gained
Dow Responds Well to Positive Domestic Business News Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee (MHCC) voted to conditionally accept an MHI (Manufactured Housing Institute) proposed federal sprinkler standard for manufactured homes. The vote came one day after the National Fire Protection Association (NFPA) admitted that manufactured homes have fewer fires
MHARR: Sprinkler System Fires Up Again! Read More
BlueRidgeNow reports from Etowah, Tennessee, Ceil Salvadori is developing 27 acres into five lots for horse lovers who will have a barn, pasture land, and a modular house, or “ranchette”, for a residence. Four of the five lots have frontage on the French Broad River in southeastern TN. The houses
Horse Lovers Unite! Equestrian Community to have Modular Housing Read More
FridleyPatch from Minnesota reports it’s been eight months since the Park Plaza manufactured home community became a cooperative. Facilitated by the Northcountry Cooperative Foundation (NCF), at the time Park Plaza was the fifth MHC in Minnesota to become a co-op, and the second sold by Phil Johnson to residents. He
MHC Co-op: Eight Months Long, Going Strong Read More
LogCabinDemocrat reports from Little Rock, Arkansas, the Arkansas Manufactured Housing Association has bestowed its “Twenty-Year Membership Award” on Hawks Mobile Homes of Conway, AR. Kevin Hawks received the honor from AMHA Chairman Dwight Chandler for 20 continuous years of membership, during the association’s 40th annual convention at the Peabody Hotel
MH Dealer Receives 20-year Honor Read More
Inhabitat reports a Mexican architecture firm has developed a small modular home designed to serve poor families in Monterrey, Mexico. Stacion-ARchitectura Arquitectos’ Modulo 10 X 10 is wrapped in recycled fiberglass panels which can be added to expand the unit depending upon family size. Because of the intense heat in
Modular Home Crafted from Recycled and Natural Materials Read More
CNNMoney reports investors once again thought well about the resolution of the European debt crisis as the Dow Jones Industrial Average rose 267.01 points to end the week at 11,808.79, a gain of 2.31 percent. The Yahoo! Finance Manufactured Housing Composite Value gained 4.34 percent to close at 733.50. Most
European Debt Crisis—Solved Again? Dow, (Most) Housing Stocks Gain Nicely Read More
Inside Tuscon Business reports Continental West manufactured housing community in Tuscon, AZ defaulted on a $10.95 million loan and will be sold at public auction 11 AM, Jan. 4, 2012 in the Pima County Courts Building. The 319 homesite community was built in 1960, and boasts two swimming pools, a
Arizona LLC on the Block Read More
CNNMoney reports over 6,000 people have come to Williston, ND to take advantage of the oil boomtown money to be made, but available housing has not kept up with demand. Some are living in their vehicles in parking lots, some in tents, some sleep in sleeping bags beside the road.
Earning Six Figures, and Homeless? Read More
Alexa Blog says Zeman Homes of Chicago has contracted with MA Interactive of Northfield, IL to develop a website more tuned in to the digital landscape, raising its profile and reaching more MH customers. Led by Michael Templeton and Allen Yakowitz, MA provides a range of internet marketing services. The
Zeman Reaching Out with Zeal Read More
MercerIslandPatch notes the innovative modular house the U.S. Plywood Association assembled for the 1962 Seattle World’s Fair, the “American Home of the Immediate Future”, is currently occupied by its third owner on Mercer Island, a suburb of Seattle. Some of the original bright paint is intact. Unlike the many futuristic
1962 Plywood Mod Lives Read More
stockrants states Zack’s Investment Research downgraded shares of Universal Forest Products, Inc., from neutral to underperform. Although their earning rose 123 percent year-over-year, it failed to meet Zacks’ estimate by two cents. The ongoing weakness in the residential construction and building materials market led to the top line falling 2.4
Zacks Whacks Universal with Two by Four Read More
Build.co.uk reports from England that Powerwall will ship 44 new modular units from its facility in Scotland to add a full story to an existing apartment building of 112 apartments that houses students and medical workers in London. Powerwall has a patented Volumetric modular system for constructing the units, and
Modular Housing Building Growing a Floor Read More
CNNMoney reports the Dow Jones Industrial Average nudged up 37.16 points to close at 11,541.78, a gain of +0.32 percent, as investors expressed cautious optimism about the European debt problem. The Yahoo! Finance Manufactured Housing Composite Value lost -0.56 percent to close at 705.60. Housing stocks closed mixed. Affiliated Managers
Dow Inches Up, Housing Stocks Mixed Read More
SavannahNow reports an improperly subdivided lot cannot be sited with a modular home, according to Chatham County Superior Court Judge Michael Karpf. John Barr, Jr.’s, petition to site modular homes in Tybee Islands Eagles Nest neighborhood was denied because his son, the original property owner, violated a 2001 zoning ordinance.
Court Ruling Favors Neighborhood over Modular Homes Read More
The Lompoc Record published an opinion piece written by Ron Faas, legislative action team coordinator for the Northern Santa Barbara County Manufactured Homeowners Team in California and a resident of Sunnyhills Mobile Home Park. Excerpts from “Mobile Homeowners Face Many Issues” follow: “Manufactured-home owners are in a unique situation in
A Pitch from a CA MH Homeowner Lobbyist Read More
WSLS in Virginia reports Nationwide Homes in Martinsville is backlogged with orders for modular homes through January. Dan Goodin, sales vice president for Nationwide, says he intends to hire 20-30 people starting next month to keep up with a 30 percent increase in demand. Martinsville has the highest unemployment rate
Modular Builder: Two Months Behind Read More
CNNMoney reports the Dow Jones Industrial Average fell slightly during the day 72.43 points to close at 11,504.62, a loss of 0.63% percent, following the Federal Reserve’s negative report about regional economic news. The Yahoo! Finance Manufactured Housing Composite Value lost 2.22 percent to close at 709.60, as housing stocks
Federal Reserve’s Bad News Bumps Dow Down Read More
