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.
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
EarthTechling reports the Pacific Northwest National Laboratory (PNNL) bought two 1,500 square foot, multi-section manufactured homes now placed at its Richland, Washington, facility for energy experiments. One will serve as the baseline representing an average existing home in the area. The other home will be outfitted with energy efficient, highly-insulated
Two Manufactured Homes Set for Energy Experiment Read More
NationalMortgageNews reports the Federal Housing Administration (FHA) unloaded 102,195 repossessed housing units in FY 2011, bringing in over $7 billion to the coffers of the Treasury. Tom Rose, director of real estate owned by FHA, says the government, which pays a six percent commission and sells only through Realtors, paid
CNNMoney reports the Dow Jones Industrial Average fell slightly today as investors got jittery about whether the leadership changes in Greece and Italy will help the European debt crisis. The Dow lost 74.7 points to close at 12,078.98., a -0.61 percent loss. The Yahoo! Finance Manufactured Housing Composite Value closed
Dow Jumpy as European Debt Crisis Remains Bumpy Read More
HousingWire reports that the heads of Fannie Mae and Freddie Mac will face questions from Congress regarding the bonuses they received last year. Fannie CEO Michael Williams and Freddie CEO Charles “Ed” Haldeman each earned a base salary of $900,000 but according to the Securities and Exchange Commission filings, received
Bonuses for GSE Heads Topic of Congressional Hearings Read More
The JournalSentinel reports while Republicans and Governor Scott Walker lauded the efforts of the state legislature to create jobs in their three-week session, the Democrats are skeptical of their claims. However, they did pass legislation that would allow trucks to transport larger and heavier loads, like modular homes, on the
Wisconsin to Allow Larger Modular Homes on Roads Read More
RiverheadNewsReview reports from Long Island, New York, that prices for manufactured housing in Riverhead have fallen 38 percent since 2008, even though more homes are being purchased. The median price fell from $36,000 in 2008 to $22,500 this past year. The 500- homesite Glenwood Village continues to offer new, upscale
MH Market Sputtering on Long Island Read More
In a column by Bill Dunkleberg, Philly reports the Board of Governors of the Federal Reserve met with the Federal Reserve of Atlanta and the Kauffman Foundation to discuss employment. They determined while the gross domestic product (GDP) is the same as 2007, the reason unemployment is so high is
Fed Led Conference Denotes Economic Problems, Recovery Uncertain Read More
Following up on a story we published Oct 21, 2011, about the oil boom and subsequent housing shortage in Williston, ND, ArgusLeader reports neighboring South Dakota is reaping benefits from the black gold rush driving the economy. Custom Touch Homes in Madison and Superior Homes in Watertown have contracts to
Oil Boom Creates other Gushers Read More
Yahoo!Finance reports A.M. Best Co. has upgraded Standard Casualty Company’s financial strength rating to A-(Excellent) from B++ (Good) and its issuer credit rating to “a-” from “bbb”. Standard had been downgraded Sept. 17, 2010 because of the financial uncertainly of its parent company, Palm Harbor Homes. Palm Harbor and five
Standard Casualty gets Credit Upgrade Read More
CNNMoney reports the Dow Jones Industrial Average gained for the second straight day, as leaders in Greece and Italy took measures to curb the debt crisis in both countries. The Dow gained 259.89 points to close at 12,153.68, or + 2.19 percent. The Yahoo! Finance Manufactured Housing Composite Value closed
Dow Regains More Lost Ground as European Debt Crisis Looks Better Read More
HousingWire reports the cost of the Troubled Asset Relief Program (TARP) has risen $10 billion in one year, to $28 billion, according to the Government Accountability Office (GAO). The $28 billion does not include the $29 billion committed to housing initiatives such as HAMP (Home Affordable Modification Program). Housing programs
Government Programs Costing More Read More
