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 South County Independent says the Washington County Superior Court judge in South Kingstown, Rhode Island, has ruled that Wakoma Park is legally a land lease community (LLC), supporting a ruling by the Department of Business Regulation (DBR). The Wakoma Park Homeowners Association has been trying for two years to …
Homeowners in LLC Now Have State Regulatory Protection Read More
Newby Management has been appointed as receiver of Sterling Estates in Justice, IL. The nearly 800 site community has been part of Capital First Realty’s portfolio of land- lease communities. At Sterling and another Capital First Realty location, MB Financial Bank has notified occupants of dozens of homes of their …
The San Francisco Chronicle reports from Loma Linda, California, that Hallmark-Southwest Corporation has been chosen by the California Mobile Home Park Owners Association as California Manufacturer of the Year. The company was started by craftsmen in the home building industry in 1976, and continues to be employee owned. Hallmark-Southwest offers …
YourHomeCanada says a company named Modular Additions is busy adding modular second storeys to many of the pre- and post-WWII bungalows that dot Toronto. Owner Vadja Jericevic says there are about 13 basic designs among the 70,000 bungalows in Toronto, and he has drawn up plans for each that can …
The Dow recovered from earlier losses in the day to gain 56.15 points and close at 12,626.02, as housing stocks closed mixed. The Manufactured Housing Composite lost .61 percent to close at 1169.30. ELS gained 1.63 percent, MSCI closed up 1.55 percent and Sun Communities finished up .99 percent. Cavco …
Dow Finally Ends on Positive Note, Housing Stocks Close Mixed Read More
Bloomberg News reports Housing and Urban Development (HUD) Secretary Shaun Donovan says home prices may start to increase as early as the third quarter, as the rate of foreclosures decline. Speaking on CNN, Donovan says, “The real question is when will we start to see sustainable increases. Some think it …
My San Antonio reports from Little Axe, Oklahoma, that manufactured housing that represented a failed response to Hurricane Katrina has been very well accepted by American Indian tribes, some of whom are in desperate need of decent, affordable housing. The Federal Emergency Management Agency (FEMA) originally had them constructed at …
HousingWire reports rising interest rates in response to the Federal Reserve’s quantitative easing program caused mortgage applications to fall 5.2 percent for the past week on a seasonally-adjusted basis, according to the Mortgage Bankers Association (MBA). The 30-year, fixed-rate mortgage (FRM) went from 4.46 percent to 4.69 percent, and the …
From Ontario, Canada, Niagara This Week says the Riverview Golf and Country Club is once again hosting the Help A Child Smile golf tournament to raise money for children suffering from cancer. The event is sponsored by Black Creek Leisure Homes in Stevensville, a manufactured housing community operated by Parkbridge …
The National League of Cities reports the Joint Center for Housing Studies at Harvard University says the availability of affordable housing for lower income families continues to fall as the demand increases. The affordable rental housing stock is declining due to abandonment of older buildings and conversion of property to …
Affordable Rental Housing Availability Declines as Demand Increases Read More
Market Watch reports that Sun Communities, Inc. (NYSE:SUI) will release its second quarter 2011 earnings report prior to the opening of the market on July 28, 2011. A conference call to discuss the earnings report will be held that same day at 11:00 AM. Sun Communities is a real estate …
The Dow closed slightly down, losing 12.9 points, ending a five-day winning streak to close at 12,569.87, while housing stocks closed mixed. The Manufactured Housing Composite gained 1.46 percent to close at 1176.50. Cavco Industries gained 2.46 percent, ELS moved up 1.96 percent, Sun Communities was up 1.11 percent and …
Dow Ends Five Days of Upticks, Housing Closes Mixed Read More
The Ashley County Ledger in Hamburg, Arkansas, reports Mayor Dane Weindorf said at the Hamburg City Council meeting that a representative from the United States Department of Agriculture (USDA) single-family housing program will be taking applications for home loans ranging from zero percent and up, depending upon income. He suggests …
From New Mexico, the Cibola County Beacon says Gateway Mortgage Group has opened a branch in Albuquerque, New Mexico, that will specialize in Federal Housing Administration (FHA) Section 184 loans. The Section 184 Indian Home Loan Guarantee Program was established by Congress in 1992 to provide Native Americans with access …
Privately Run Government-Funded Mortgage Program Will Not Finance MH Read More
Fox Business says there are several factors to consider in the housing market this summer. Mortgage rates are at near record lows, and probably will remain low for the summer unless the economy shows signs of strengthening. From 2006 to 2010, the number of owner households dropped by 201,000 each …
The Rapid City Journal reports from South Dakota that average home prices, including manufactured housing, increased $10,000 from last June to $181,500 June 2011 in Rapid City, SD. Linda Rausch, president of the Black Hills Association of Realtors, says demand not inflation has pushed the prices up. Says Rausch, “This …
Defense Video and Image Distribution System (DVIDS) reports the U.S. Army Corps of Engineers (the Corps) has let two contracts to prepare sites for homeless survivors of the May 22 Joplin, Missouri, tornado. Two sites for Federal Emergency Management Agency (FEMA) homes are being developed near the Joplin Regional Airport. …
The Chicago Real Estate Daily says come October, the maximum amount of a government-backed loan in the six-county Chicago area will drop $45,000 to $365,700. Currently a home buyer can put down 3.5 percent on the purchase of a Federal Housing Administration (FHA) approved home costing $424,870, and finance the …
The Dow had its best week in two years as it gained 1.36 percent today to close at 12,582.77, as several housing stocks also advanced. The Manufactured Housing Composite gained 1.35 percent to end the week at 1159.60. Cavco Industries gained 2.31 percent, ELS was up 2.24 percent, Sun Communities …
Following up on an article we published June 30, The Minot Daily News reports from Minot, North Dakota, that Federal Emergency Management Agency (FEMA) officials are in Minot planning the placement of what will likely become several manufactured housing developments of FEMA homes for victims of the recent flooding. Officials …
