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 Merced Sun-Star of California says a U.S. Department of Housing and Urban Development (HUD) program may assist eligible homeowners with mortgage payment relief. If 15 percent of their income has been lost because of the economic downturn or a medical emergency, they are three months delinquent, and the mortgage …
HUD Mortgage Relief Plan Assists Homeowners Suffering Income Loss Read More
The San Francisco Chronicle reports that Mark Rothschild, an analyst at Canaccord Financial, Inc., has raised the rating on Canada’s Killam Properties (KMP:CA) (KMPPF:OTC US) from “hold” to “buy”. According to the 2011 Allen Report, Killam ranks as the 17th largest land lease community (LLC) operator in North America with …
Canadian LLC Operator Gets ‘Buy’ Sign from Analyst Read More
The Dow registered a 152.50 point gain on news that Greece’s debt crisis may be resolved, to close at 12,724,41. Several housing stocks closed up as well. The Manufactured Housing Composite gained .42 percent to close at 1088.60. Drew Industries gained 3.09 percent, MSCI moved up 1.81, Berkshire Hathaway gained …
Trade Only Today reports that Dehco Inc., a supplier of parts for the manufactured housing, RV, spa, and marine industries, has begun a new division called Recreation Nation. As the parent company of Tristar Distributing and Cast Company, it originally only supplied original equipment manufacturers (OEMs), but now will provide …
MH Parts Supplier will Now Sell to Aftermarket Trade Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports that builder confidence in July for newly-built, single-family homes rose two points in July over June. While the June number had dropped three points from the previous month, this marks the ninth time out of the last …
The Langley Advance in Langley, British Columbia, Canada, says modular builder Britco has been chosen for the tenth year to provide the prize home at the Pacific National Exhibition (PNE) Aug 20 through Sept 5. Unlike many of the disaster-relief and smaller dwellings the company makes, this 3,100 square foot …
From industry sources reporting to MHMSM.com and Housing Wire, as the Consumer Financial Protection Bureau (CFPB) opened for business July 21 with a budget estimated at $550 million, the debate in and out of Congress continues to rage over the authority one person will have over all mortgages and other …
In a notice titled “Pressure Continues for Federal Sprinkler Standard”, the Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee’s telephone conference July 20 did not result in any voting. Discussion centered on the the federal sprinkler standard which is still before the Technical Structure and …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the House Financial Services Committee held a hearing on H.R. 1751 that would require all Housing and Urban Development code (HUD Code) manufactured homes be sold with a weather radio. During the hearing, Rep Barney Frank (D-MA.) proposed the establishment of …
House Committee Seeks Relief for Manufactured Housing Read More
The Dow lost 15.51 points to close at 12,571.91, as investors observed the debt ceiling debate and housing stocks closed mixed. The Manufactured Housing Composite lost 1.03 percent to end the day at 1084. Nobility Homes gained 4.48 percent, Equity Lifestyle Properties was up 2.50 percent, Skyline Corporation added .82 …
Dow Loses a Little Steam as Housing Stocks Close Up and Down. Read More
Yahoo!Finance reports sales of previously occupied homes are at the slowest rate in 14 years, as sales fell in June for the third month in a row, according to the National Association of Realtors (NAR). Economists predict that low home prices and mortgage rates are not enough to attract potential …
The Coshocton Tribune in east central Ohio reports that second half 2011 taxes are due for manufactured homes Friday July 29. Payment may be made at the Coshocton County Treasurer’s office or at the drive-up window. A drop-box is also available at the treasurer’s office for after hours. As long …
The Birmingham News reports the House Financial Services Subcommittee unanimously passed a bill requiring all new manufactured homes to be equipped with a weather alert radio. Rep. Spencer Bachus (R-AL), chairman of the subcommittee, reminded committee members that 100 people in his district died during the April 27 tornado, although …
HousingWire says the Mortgage Bankers Association (MBA) reports its market composite index for the week ending July 15 saw mortgage applications climb 15.5 percent on a seasonally-adjusted basis from the previous week, as refinancing increased. On an unadjusted basis the index rose 44 percent. Of all mortgage applications, refinancing made …
Refinancing Mortgage Applications Increase as Rates Fall Read More
PR Newswire reports that Drew Industries, Inc. (NYSE:DW), acquired certain assets of M-Tec Corporation (M-Tec) through its wholly-owned subsidiary, Lippert Components. A supplier of components to the manufactured housing and RV industry, Drew paid $6 million in cash, and may pay an added $0.6 million depending upon sales levels over …
Business Insider reports the U.S. is on track this year for the lowest number of total housing completions since the Census Bureau started keeping records of completions. In 2005, 1,878,200 single family and multifamily dwellings were added to the nation’s housing stock, including 146,800 manufactured houses. This figure included an …
The Dow registered its largest gain of the year, spiking 201.26 points on news of a pending agreement between President Obama and lawmakers on the debt ceiling. The Dow ended the day at 12,587.42, while the Manufactured Housing Composite gained 4.14 percent to end the day at 1095.30. Skyline Corporation …
National Mortgage News reports the nation’s largest residential mortgage originator saw a decline of 31 percent from the first quarter, funding only $64 billion new home loans in the second quarter 2011. Wells Fargo Home Mortgage non-interest income fell $397 million from the first quarter to $1.6 billion in the …
Mixed News from Largest Residential Mortgage Originator Read More
The National Association of Home Builders (NAHB) says figures released by the U.S. Commerce Department show housing starts for single and multifamily homes increased in June 14.6 percent to a seasonally-adjusted rate of 629,000. Bob Nielsen, chairman of NAHB, called it an encouraging sign, but also noted that lack of …
Origination News says a report by George Washington University’s Center for Real Estate and Urban Analysis suggests changes in the Federal Housing Administration’s (FHA) loan limits proposal. The plan to reduce the high end of (FHA) loan limits will not do much for low-income, first time, and minority buyers. Co-author …
