Manufactured and Modular Housing News

Dow continues steady recovery, Manufactured Housing Composite rises Read More

Dow continues steady recovery, Manufactured Housing Composite rises

By MHProNews / August 17, 2011 / Manufactured and Modular Housing News

CNNMoney reports that the Dow closed today at 11,409.91 up +3.98 (+0.03%). The Dow’s 52 week range has had a low of 9,937 and a high of 12,876. The markets are off -1.46% Year-to-Date. Yahoo! Finance Manufactured Housing Composite value closed at 783.0, up +0.12%. Affiliated Managers Group, closed down

Manufactured home retailer arrested, charged Read More

Manufactured home retailer arrested, charged

By MHProNews / August 17, 2011 / Manufactured and Modular Housing News

BlueRidgeNow reports that Roger King has been charged with two counts of obtaining property by false pretense. North Carolina Division of Insurance Commissioner Wayne Goodwin stated that authorities are looking for other possible victims of the accused manufactured home retailer. The Manufactured Building Division and the Department of Insurance received

Builder confidence still near bottom, per NAHB report Read More

Builder confidence still near bottom, per NAHB report

By MHProNews / August 17, 2011 / Manufactured and Modular Housing News

Marketwatch reports The National Association of Home Builders/Wells Fargo home market index remained at 15 in August. Readings over 50 are considered “good,” which the NAHB report hasn’t had since April 2006. Two of the three components, current sales conditions and traffic of prospective buyers, inched higher, but the component

Norris advocates balance responsing to Gov. Bentley’s Manufactured Home storm shelter plan Read More

Norris advocates balance responsing to Gov. Bentley’s Manufactured Home storm shelter plan

By MHProNews / August 17, 2011 / Manufactured and Modular Housing News

AnnistonStar printed a letter from Sherry Norris, executive director of the Alabama Manufactured Housing Association in Montgomery. Norris responded to Alabama Governor Robert Bentley’s proposal to use Community Development Block Grant funds for use in shelters for all forms of housing, not just in ‘mobile and manufactured home parks.’ “Rather

$4M state housing contract used for MODs and HUDs Read More

$4M state housing contract used for MODs and HUDs

By MHProNews / August 17, 2011 / Manufactured and Modular Housing News

SunJournal reports that Keiser Homes won half of $4 million contract to build homes for the Maine State Housing Authority (MSHA). The Oxford based modular home producer will be replacing pre-HUD Code mobile homes, as part of MSHAs pre-1976 Mobile Home Replacement Program. The program provides such home owners with

Mixed signals on Federal role, Fannie and Freddie Future uncertain Read More

Mixed signals on Federal role, Fannie and Freddie Future uncertain

By MHProNews / August 17, 2011 / Manufactured and Modular Housing News

TheHill reports a push back from the Treasury Department on an earlier Washington Post report that alleged that President Obama favored a plan retaining a major federal role in the housing finance market. Deputy Treasury Secretary Neal Wolin stated “In each of the three options we outlined in our report

HUD announces new plan, REOs selling to public housing authorities in disaster areas Read More

HUD announces new plan, REOs selling to public housing authorities in disaster areas

By MHProNews / August 16, 2011 / Manufactured and Modular Housing News

RealEstateRama reports that U.S. Housing and Urban Development Secretary Shaun Donovan announced that HUD will be entering into an unprecedented purchase agreement to sell real estate owned properties (REO) to public housing authorities in the affected areas. By States and Counties, the locations this program will be available include: Alabama:

Dow Slides again, but Manufactured Housing Composite value rises Read More

Dow Slides again, but Manufactured Housing Composite value rises

By MHProNews / August 16, 2011 / Manufactured and Modular Housing News

CNNMoney reports that the Dow closed at 11,405.93, off -76.97 (-0.67%). While the market is up modestly over the last 5 trading sessions, overall the market has declined significantly in recent weeks. The Manufactured Housing Composite Index Value: 782.1 up +3.43%. Affiliated Managers Group 87.44 -2.50 (2.78%). Clayton/VMF and other

Does Dodd-Frank really help with ‘Too Big to Fail?” Read More

Does Dodd-Frank really help with ‘Too Big to Fail?”

By MHProNews / August 16, 2011 / Manufactured and Modular Housing News

HuffingtonPost carried a column by Ted Kaufman, former U.S. Senator from Delaware. Kaufman’s article questions if the Dodd-Frank reform; “Would it actually prevent another taxpayer bailout of a bank or banks to avoid a financial meltdown?” Delaware’s former senator briefly outlined the history of mortgage instruments, which in the 1960s

A Boost for housing by modifying Visas? Read More

A Boost for housing by modifying Visas?

By MHProNews / August 16, 2011 / Manufactured and Modular Housing News

WashingtonPost reports that despite near record low interest rates, the National Association of Home Builders (NAHB) is pessimistic about a housing market recovery. A Catch-22 exists. We need more spending, yet existing home owners watching their current values slump keep many in that large group from doing more spending. Against

Ashton Kutcher’s luxurious Two and a Half Men ‘Trailer’ Read More

Ashton Kutcher’s luxurious Two and a Half Men ‘Trailer’

By MHProNews / August 16, 2011 / Manufactured and Modular Housing News

Eonline has likely done mainstream media, the RV and manufactured housing business a favor by visually depicting what a ‘trailer’ is in their recent story on Ashton Kutcher. Kutcher has replaced Charlie Sheen on the set of Two and a Half Men. The 1000 square-foot, two level luxury trailer is

‘Mobile home’ owners can get help with energy efficiency enhancement program Read More

‘Mobile home’ owners can get help with energy efficiency enhancement program

By MHProNews / August 16, 2011 / Manufactured and Modular Housing News

ConcordMonitor reports that federal funding is allowing the New Hampshire Community Loan Fund and various Community Action Programs to help weatherproof at least 425 ‘mobile homes’ statewide. A $2.6 million grant from the U.S. Department of Energy and the Regional Greenhouse Gas Initiative makes this possible. The program is geared

Dow up for 3’d straight trading session, MH mixed Read More

Dow up for 3’d straight trading session, MH mixed

By MHProNews / August 15, 2011 / Manufactured and Modular Housing News

CNNMoney reports the Dow closed today at 11,483 +214 +1.90%.The Manufactured Housing Composite closed at 756.0 -1.46%. Affiliated Managers Group 89.94 2.98 (3.43%) but moved lower in after hours trading. Berkshire Hathaway (parent to Clayton, VMF and other MH builders, lending and suppliers) 108,600.00 +1,000.00 (0.93%). Cavco Industries, 30.95 0.46

Zoning vote could ease locating single sectional manufactured homes Read More

Zoning vote could ease locating single sectional manufactured homes

By MHProNews / August 15, 2011 / Manufactured and Modular Housing News

TandD reports the Orangeburg County Planning Commission gave unanimous approval to a new zoning classification proposal allowing single-section HUD Code home placement in areas which already have a mixture of site-built, single-sectional and multi-sectional manufactured homes. Commissioners voted to approve the proposal for creating the RS-2, Single-Family/Manufactured Home District and

Small banks bruised by new mortgage regulations, giving edge to mega-banks Read More

Small banks bruised by new mortgage regulations, giving edge to mega-banks

By MHProNews / August 15, 2011 / Manufactured and Modular Housing News

USAToday reports compliance officer Alesia Harlan’s concerns about 300 pages of notices, forms and tax documents for a single home loan, double the tree-killing load prior to Dodd-Frank’s passage. 455 home loans in 2010 created 2 months of work for Harlan, at modest City State Bank in Norwalk, Iowa. “I’ve