Manufactured and Modular Housing News

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.

Two Factory-built Producers Pursuing Multifamily Market

By / / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

MarketWatch reports Champion Commercial Structures, a division of Champion Homes, is teaming up with USModular to engage in multifamily construction projects. The pairing will bring Champion’s modular production process together with USModular’s general contacting experience. Dan McMurtrie, corporate development vice president with Champion, says, “”Our partnership with US Modular allows […]

Two Factory-built Producers Pursuing Multifamily Market Read More

Dow Loses a Little Steam, as Housing Stocks Close Mixed

By / / Manufactured and Modular Housing News, Stocks

CNNMoney reports the Dow Jones Industrial Average stepped back from its recent gains and dropped -40.72 points to close at 11,478.13, down -0.35 percent. The poor earnings report from JPMorgan Chase contributed to the fall. The Yahoo! Finance Manufactured Housing Composite Value lost -0.36 percent to close at 726.30. Affiliated

Dow Loses a Little Steam, as Housing Stocks Close Mixed Read More

MHARR: HUD is Overstepping MHCC

By / / Advocacy, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

MHProNews has received a brief from Danny Ghorbani, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), which says the Department of Housing and Urban Development (HUD) is expanding its in-plant regulation presence, and disrupting the relationship between Primary Inspection Agencies (PIAs), housing manufacturers, and HUD. As

MHARR: HUD is Overstepping MHCC Read More

New Hampshire House “Drowns” Sprinklers in MH

By / / home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

The Boston Globe reports the Associated Press says, following the same action in the state senate last month, the New Hampshire House of Representatives passed a bill that prevents local communities from regulating sprinklers. Gov. John Lynch had vetoed the bill, but the House overrode his veto 266-61. The legislation

New Hampshire House “Drowns” Sprinklers in MH Read More

Loan Rates, Loan Values Show Incremental Change

By / / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Trends

HousingWire reports the Mortgage Banker’s Association (MBA) says the measure of loan application volume rose 1.3 percent on a seasonally-adjusted basis this past week. The refinance and purchase indices each increased just over one percent, driven by government loans. The 30-year fixed-rate mortgage (FRM) increased 0.07% to 4.25, while the

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Bank Stocks Lead Dow Up, Many Housing Stocks Follow

By / / Manufactured and Modular Housing News

CNNMoney reports the Dow Jones Industrial Average rose 102.55 points, gaining +.90%, to end the day at 11,518.85, led by bank stocks and renewed hopes for the European debt crisis to resolve. The Yahoo! Finance Manufactured Housing Composite Value climbed +0.87% to close at 728.90, as many housing stocks gained

Bank Stocks Lead Dow Up, Many Housing Stocks Follow Read More

FHA’s Carol Galante is Galloping

By / / Advocacy, Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, People, regulation

OriginationNews reports that two years after leaving affordable housing developer Bridge Housing Corporation to run the Federal Housing Administration’s (FHA) multi-family program, Carol Galante is operating the entire agency. After David Stevens left the FHA to head the Mortgage Banker’s Association (MBA), Galante has become the acting commissioner. She now

FHA’s Carol Galante is Galloping Read More

Modular Homes to Dot Hawaii Farmland?

By / / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People, Zoning

BloombergBusinessWeek reports Honolulu City Councilman Tom Berg has proposed building modular housing on agricultural lands in Oahu as a means to meet the demand for affordable housing. He suggests allowing the homes to remain there for up to five years, and that the cost of leasing would be similar to

Modular Homes to Dot Hawaii Farmland? Read More

Texas Wildfire Survivors to Inhabit FEMA Homes

By / / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned that several dozen Federal Emergency Management Agency (FEMA )manufactured homes have arrived in Texas for people whose homes were destroyed or severely damaged in the wildfires that ravaged Texas in late summer. These temporary homes will be placed as close as possible to the houses the survivors

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MHC Owner Gets Utility Break from City

By / / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home, People

IBerkshires reports from Williamstown, Massachusetts, the Board of Selectmen voted to give an MHC a deduction for their water and sewage bill due to the damage from Tropical Storm Irene. All 273 people were displaced from the 225 homes, and the owner of the Spruces Mobile Home Park, Morgan Management,

MHC Owner Gets Utility Break from City Read More

Housing Market Still Hugging the Ground

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

HousingWire reports from Zillow that housing prices gained a meager 0.01 percent August over July, with minimal gains in only 68 of the 157 markets covered. The average home price dropped 4.5 percent from August 2010 to $172,600, and is off 28.3 percent since the high mark of June 2006.

Housing Market Still Hugging the Ground Read More

Florida Hit with Another Wave of MHC Deals

By / / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

The Sarasota Herald-Tribune reports Saralake Estates LLC was sold to NHCFL138 LLC of Scottsdale, Arizona, for $10.55 million. The purchase of the 200 homesite MHC was financed by General Electric Capital Corporation with a loan of $7.35 million. The new owner, a company controlled by National RV Communities LLC, has

Florida Hit with Another Wave of MHC Deals Read More

Dow Slips, Housing Stocks Close Mixed

By / / Manufactured and Modular Housing News, Stocks

CNNMoney reports the Dow Jones Industrial Average slipped -16.88 points (-0.15%) to close at 11,416.30, the market peaking and falling all day as investors waited to hear Slovakia’s decision concerning the European bailout fund. The Yahoo! Finance Manufactured Housing Composite Value also dropped, falling -0.36% to close at 722.60, as

Dow Slips, Housing Stocks Close Mixed Read More

Building Products Industry: Universal Holds Top Spot in SPS

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, Modular, Stocks

Financial News Service ranks Universal Forest Products, Inc., (NASDAQ:UFPI) number one in sales per share (SPS) at $92.83 in the Building Products Industry. Universal supplies lumber products to the manufactured and modular housing industry, as well as to lumberyards and other builders. The stock outperformed both the Dow and the

Building Products Industry: Universal Holds Top Spot in SPS Read More

SmarTrend: Cavco Future Foggy?

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Futures and Commodity Market News reports that SmarTrend, that inveterate follower of 5,000 stocks daily, says Cavco Industries (NASDAQ:CVCO) has the lowest Forward Earnings Yield (FEY) in the homebuilding industry. Based on projected earnings for the year, Cavco is at 0.11% FEY, followed by Meritage (NYSE:MTH) at 0.14%, and Toll

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MH Industry Pros: Learn MH Energy Upgrades

By / / Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home

MHProNews has learned from Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), that the U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) will offer a series of free webinars aimed at providing information on the Guidelines for Home Energy Professionals

MH Industry Pros: Learn MH Energy Upgrades Read More

Stocks Spike Dow 330 Points

By / / Business, Manufactured and Modular Housing News, Stocks

CNNMoney reports stocks shot up nearly three percent (2.97%) as investors were buoyed by good news from the Eurozone, the Dow Jones Industrial average closing at 11,433.18. Yahoo! Finance says the Manufactured Housing Composite nudged down 1.19% to close at 725.20, as housing stocks closed mixed. Affiliated Managers Group 83.82

Stocks Spike Dow 330 Points Read More

Volunteers Build Modular House for Tornado Survivors

By / / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People

WSILTV in Pinckneyville, Illinois, reports 300 volunteers turned out at Contempri Industries, Inc. in Pinckneyville to help build a modular house for Joplin, Missouri, residents devastated by the May 22 EF-5 tornado that destroyed 7,000 homes. Some of the workers came up from Joplin to lend a hand. Part of

Volunteers Build Modular House for Tornado Survivors Read More

MBA Says “Stay Out of the Way”

By / / Advocacy, Economy, home buyers, Manufactured and Modular Housing News, People, regulation

The National Mortgage News reports the acting head of the Consumer Protection Finance Bureau (CFPB), Raj Date, speaking at the annual Mortgage Bankers Association (MBA) convention, offered to work with the bankers to help resolve the housing crisis. But MBA President David Stevens, noting their responsibility in creating the crisis,

MBA Says “Stay Out of the Way” Read More

Immediate Depreciation for Abandoned House Investment Could Spur Economy

By / / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, People

Bloomberg reports Peter R. Orszag, vice chairman of global banking at Citigroup and an adjunct senior fellow at the Council on Foreign Relations, says the weak housing market holds down the weak economy, and vice versa. He says the quickest path to economic recovery would be for the government to

Immediate Depreciation for Abandoned House Investment Could Spur Economy Read More

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