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.
Yahoo!Finance reports a new wave of foreclosure is expected, as the number of U.S. homes that received an initial default notice – the first step in the foreclosure process – jumped 33 percent in August from July, per RealtyTrac. “This is really the first time we’ve seen a significant increase […]
August defaults up 33%, Foreclosure wave rising Read More
Isurfwebster reports that Malcolm Coffman approached the Dixon City Commission to request a moratorium on the issuance of building permits while working to enact zoning laws to prevent “mobile homes” from being set up in neighborhoods with high-value traditional houses. Coffman owns a conventional house with a reported value of
Emotions heat over plan to place ‘mobile home’ near traditional houses Read More
CNNMoney reports that most European markets rallied as hopes continue for a deal to save debt-plagued Greece. The Dow rose 11,433.18 +186.45 ( +1.66%)., with a year to date loss of -1.25%. The Yahoo! Finance Manufactured Housing Composite Value closed at 796.4, up +3.89%. Affiliated Managers Group 86.30 + 2.80 (+3.31%), but
Most Euro markets Rise, Dow and MH rises too Read More
MIT reports on a project that has yielded basic new modular designed homes for under $6000. The goal was to design a home for $1000 for the poor, or to address emergency housing and other high demand housing needs. The idea to attempt building $1,000 homes was first conceived by
New modular homes under 6K? Yes, says MIT. Read More
BrightEnergy reports on a partnership between Vermont-manufactured AllSun Tracker solar electric system and ReVision Energy to bring a new technology to homeowners and businesses throughout northern New England. Designed and manufactured in Williston, VT, AllSun Trackers uses innovative GPS and wireless solar technology to follow the sun throughout the day.
New solar energy system for homes can track the sun Read More
The House Committee on Financial Services issued a release that reports Congressman Spencer Bachus (AL-6) introduced legislation to prevent the removal or demolition of storm shelters built to protect school children after the devastating tornadoes in Alabama this past spring. Bachus authored the Community Shelter Protection Act of 2011 in
Bachus introduces bill to prevent FEMA from demolishing storm shelters Read More
DCcitybizlist reports that modular home builder Nationwide Homes expects a net increase in the strength of the modular housing as the nation slowly climbs out of recession. Nationwide recently celebrated construction of its 35,000th home. The firm’s sales activity is picking up since last year, when Nationwide became the country’s
Builder sees bright outlook for future of modular homes Read More
TahoeDailyTribuine reports that the Douglas County Sheriff’s Office and South Lake Tahoe Police Department will offer a free Crime Free Multi-Housing Program. The training program is geared to local multi-family (apartment) housing, manufactured home communities, vacation rental owners or managers, and property management companies. This innovative, law-enforcement-based crime prevention
Crime Free Training offered by City and County Read More
CNNMoney reports that the Dow spiked 140.88 points (+1.27%) as European leaders insisted Greece would attain its fiscal goals. The Manufactured Housing Composite gained 3.47 % to close at 829.7. Affiliated Managers Group 84.71 +1.97 (+2.38). Clayton Homes, Vanderbilt Mortgage and Finance and other MH homebuilding, lending and suppliers parent
Dow Gains on Good News from Europe Read More
The Vermilion Standard reports the Vermilion Town Council in east-central Alberta, Canada, has voted to retain the 14 residential lots along 44 Avenue for manufactured housing, instead of changing it to R2 single family residential. The proposal to change the zoning came after several years lack of interest in developing
Canadian Town Council Reaffirms MH Land Use Read More
Origination News reports the Consumer Financial Protection Bureau (CFPB) is continuing to test the new mortgage disclosure forms, this time with actual consumers in Springfield, MA. The agency wants to make certain that consumers understand the differences between two distinct but competing adjustable rate mortgages (ARMs): One that adjusts every
CFPB tests new disclosure forms rules Read More
The Staten Island Advance reports the multi-story modular apartment building being assembled in Tompkinsville, New York, is attracting quite a bit of attention. Funded with a mix of government subsidies and private investment, the project will be managed by the Community Agency for Senior Citizens (CASC). A collaboration of the
Collaborative Effort Results in Senior Housing Read More
The Lebanon Daily News in Lebanon, PA reports the residents of Northcrest Acres manufactured home community have won their lawsuit against community owner Palmyra Homes, Inc., which sought to force them to change the heating system in their homes as part of a new lease agreement. Most of the 200
Judge Rules in Favor of MH Community Residents Read More
WNDU-TV reports from Elkhart County, Indiana, that Hi-Tech Housing, Inc. will double its employee roster to meet the Federal Emergency Management Agency’s (FEMA) demand for 500 additional emergency housing units for North Dakota residents routed by the flooding of the Souris River this past spring. Based in Bristol, IN, this
Northern Indiana factory builder gets temporary shot in the arm Read More
CNNMoney reports that the Dow Jones Industrial Average closed at 11,105.85 +44.73 +0.40%. The Yahoo! Finance, Manufactured Housing Composite Index closed up at 801.9 +0.41%. Affiliated Managers Group 82.74 + 0.99 (+1.21%), but slid after hours. Clayton Homes, Vanderbilt Mortgage and Finance and other MH homebuilding, lending and suppliers parent company Berkshire
Dow rises on hopeful Euro news, MH rises too. Read More
The Ministry of Energy and Mines along with the Canada Mortgage and Housing Corporation (CMHC) announced the recent opening of a new, modular affordable housing project. Located in 100 Mile House is Pioneer Haven, the new $1.5-million affordable seniors housing development provides eight apartments built through modular home construction for seniors and
New $1.5 million modular development for B.C. seniors opened Read More
Zacks reports that Sun Communities (SUI) Debt To Asset ratio are relatively high compared to the top five companies in the residential REITs (Real Estate Investment Trust) industry. The Debt/Asset ratio shows the proportion of a company’s assets that are financed through debt. If the ratio is greater than one, most
Sun Communities Debt/Asset Ratio relatively high Read More
Marketwatch reports that Universal Forest Products Inc. (UFPI) will consolidate three divisions into two as part of an effort to streamline operations. The maker and seller of lumber and other building products said its Atlantic division will be absorbed into the company’s Eastern division. Atlantic Division President Robert Lees will
UFPI consolidating from 3 divisions to two Read More
SpinnyLiberal’s (SL) recent post reminds us there is another viewpoint to the Dodd-Frank legislation. SL took aim at 21st Mortgage, starting with the allegation that “Predatory Lenders Hate Regulation.” According to SL, the ‘janitress’ “showed me a packet she got in the mail from 21st Mortgage Corporation, her mortgage company.
Spinny Liberal attacks 21st Mortgage on Dodd-Frank reform effort Read More
VCStar reports that Toll Brothers will unveil 4000+ square foot luxury homes with new green features in the San Diego market area. “This model home is going to be special. Every time someone turns a corner, there’s something they’ve never seen before,” said Kevin Rosinski, assistant vice president for Toll
Builder with high end components ‘going Luxury green’ in upcoming Parade of Homes Read More
