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.
The Prescott Daily Courier states the report of a Chino Valley contractor noted faulty drainage hook-ups in a recent conversion of septic tanks to sewer lines in Chino Meadows 2 manufactured home community. Of 171 homesites inspected, eleven needed extensive repair due to sewage back-up and sagging drain lines, 105 […]
Conversion from Septic to Sewer Results in Problems Read More
CityBiz in Philadelphia reports that MHC operator UMH Properties, Inc., based in Freehold, NJ has passed a resolution to increase the size of its board of directors from nine to ten members. According to Eugene W. Landy, UMH Board Chairman, the tenth spot will be filled by Stuart Levy, vice
UMH Adds Board Member with International Banking Ties Read More
On Sept. 22, Danny Ghorbani of the Manufactured Housing Association for Regulatory Reform (MHARR) reports a joint delegation of MHARR and MHI (Manufactured Housing Institute)-member executives and staff met with Ms. Carol Galante, the new Acting HUD (Housing and Urban Development) Federal Housing Commissioner-Assistant Secretary for Housing. As reported previously
Industry Association Members Meet with HUD Housing Commissioner Read More
CNNMoney reports The Dow Jones Industrial Average re-gained small ground today, moving up 37.65 points on the heels of a near seven percent loss for the week, it’s worst since Oct. 2008. It closed at 10,771.48, a gain of 0.35 percent. Yahoo!’s Manufactured Housing Composite gained 2.05 percent to end
Investors Losing Faith in World leaders and Economies Read More
Humans Invent reports that architect David Morton, of the UK, took his inspiration for building modular housing from his love of the Mini Cooper automobile, which was originally built in response to the Suez Oil Crisis of 1956, and the subsequent oil shortage. His BoKlok UK modular houses respond to
Architect Develops Modular House with Ideas from Small Car Read More
Investors reports SmarTrend, that inveterate tracker of 5,000 stocks daily, says as measured by dividends, the number one company in the Residential REIT (Real Estate Investment Trust) Industry is UHM Properties (UMH). It ranks at the top with a dividend yield of 7.7 percent, followed in second place by Sun
Two MHC Owners Rank First and Second in REITs Read More
MHMSM.com is moving to a new more powerful cloud server this weekend. The move will begin Friday night at 11 PM CDT and it is anticipated the move will be completed by noon Saturday, CDT, Sept. 24. Next weekend we will unveil our new format.
MHMSM.com Website Update Read More
SouthCoastToday reports that the 51 residents of Edgeway Mobile Home Park in Middleboro, Massachusetts may finally get street lights that were supposed to be installed over a decade ago. Only 51 sites 0f the planned 74 are currently occupied because the city revoked the license of the MH community owner,
MHC has Long-standing Issues Between Owners and Town Board Read More
HousingWire reports the Federal Housing Finance Agency (FHFA), the conservator of Fannie Mae and Freddie Mac, said home prices moved up slightly in July 0.8 percent, but are down for the year ending July 31 by 3.3 percent. Prices are 18.4 percent below the high point in April 2007, although
Slight Increase in Home Prices Reflects Stagnant Housing Market Read More
Weak manufacturing date from China and concerns about Greece’s economy sent the Dow Jones Industrial Average plunging -3.51% to close at 10,733.83, a loss of -391.01 points. The Yahoo! Finance Manufactured Housing Composite Value declined .84% to 731.9, but housing stocks closed mixed. Affiliated Managers Group 78.56 -2.22 (-2.75%)). Clayton
Stock Prices Fall 4% as Fear for Global Economy Dominates Market Read More
The Herald in Monterey County, California reports a preliminary hearing concerning rent control for Marina’s five manufactured housing communities was approved by the Marina City Council by a 3-2 vote. First proposed by residents 20 years ago, the Mobile Home Rental Stabilization Ordinance allows the annual rent increase to 80
Council Hearing Favors Rent Control in California City Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the “General” Subcommittee of the Manufactured Housing Consensus Committee (MHCC) met by telephone conference Sept. 20 to discuss accessibility proposals that have been dormant for nearly ten years and would impact the cost of production. They were revived Oct. 2010 by
MHARR States MHCC Continues to Mar MH Industry Read More
The Dagger Press reports from Aberdeen, Maryland, that Bruce E. Garner will seek re-election to the Aberdeen City Council in the municipal election balloting in November. A 35-year veteran of the manufactured housing industry, Garner served ten years as general manager for a large manufactured home retailer in the northeast,
Veteran MH Retailer Seeks Another Term on Council Read More
The New York Times reports when Pilar Proffitt and Robert Bristow received estimates of nearly $1 million for building a home for their family of five in rural Connecticut, they opted instead for a customized modular home that fit in with the dairy farm surroundings, and cost under $500k. The
Modular House Customized to Blend with Rural Setting Read More
The Dow Jones Industrial Average dropped 283.82 points to close at 11,124.84, losing 2.49% of its value after the Federal Reserve announced it is not changing rates, and Operation Twist is on. The Yahoo! Finance Manufactured Housing Composite Value declined to 738.20, off -4.33%, as many housing stocks took a
Dow Drops on Disappointing News from the Fed Read More
The Minot Daily News reports the apparent standoff in resolving the issue of who is responsible for removing the damaged manufactured housing in Minot following the ravaging floods of last spring has led to frustration on the part of city government, residents, and community owners. Mayor Curt Zimbelman said, “We
Standoff in North Dakota: Who Will remove the Flood-damaged Homes Read More
Bloomberg News reports sales of previously owned homes rose to 7.7 percent in August, according to the National Association of Realtors (NAR). Sales of existing single-family homes rose to their highest level since January, rising 8.5 percent to a seasonally-adjusted rate of 4.47 million. The August figures compare to the
Some Good News in the Housing Market Read More
MHMSM.com has recently learned of the death on Sept. 10th of Dan Nix, 54, General Manager and Sales Manager of Economy Homes in Tulsa, OK. A veteran of the manufactured housing business over 15 years, Dan had spent the last nine years at Economy, and died after a brief illness.
Following up on a prior story about building inexpensive homes for the multitude of poor people across the globe, Eco-Business notes the Massachusetts Institute of Technology’s (MIT) grad student Ying chee Chui’s modular design incorporates hollow brick walls, reinforcing steel bars, wooden box beams, and includes a central courtyard within
Modular House Emerges from MIT’s Affordable Housing Initiative Read More
TruliaPro says the results of a recent survey show 80 percent of 2,207 American adults polled envision the purchase of a home in their lifetime. Despite the recent housing slump, concerns over employment, credit scores, and saving for a down payment, 65 percent of the respondents maintain home ownership continues
American Dream of Home Ownership Lives!! Read More
