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.
HousingWire says foreclosure sales fell seven percent in May from the previous month to 68,000, the second straight month that figure has declined, according to the Hope Now consortium of lenders, counselors and insurers. Approximately 2.67 million mortgages stayed in 60-day delinquency in May, an increase of one percent over …
Foreclosure Sales Fall in May, but Foreclosures Initiated Rise Read More
MortgageOrb says the U. S. Treasury Department has revised incentive payments to mortgage servicers under the Home Affordable Modification Program (HAMP). The new directive calls for a sliding scale form of payment that will be instituted October 1. The later in delinquency a loan enters the program, the less the …
The Sioux City Journal reports a new Housing and Urban Development (HUD) grant will provide funding to public housing officials to identify families at risk of being broken up because of inadequate housing. The grant encourages child welfare officials to work closely with public housing authorities to reunite children in …
The Joplin Globe reports that the Federal Emergency Management Agency (FEMA) is placing 43 of their homes in Country Acres Mobile Home Community for homeless survivors of the May 22 tornado. There are already 186 homes, and acreage is available to develop 30 more if needed. One of the first …
FEMA Begins Placing Joplin Tornado Survivors in MH Homes Read More
The U.S. Department of Housing and Urban Development (HUD) and the Council of Large Public Housing Authorities (CLPHA) are sponsoring a conference on developing green solutions for public housing. Slated for July 13-14 in Boston, Massachusetts, participants will include public housing authorities, green building movement members, and private energy sector …
Zacks Investment Research reports SmarTrend saying that Equity Lifestyle Properties (NYSE:ELS) ranks number one in the residential REITs (real estate investment trust) industry with a score of 1.61 percent gain, based on relative performance of yesterday’s trading activity. In its search for stocks that have the potential to outperform, SmarTrend …
The Minot Daily News reports that Judith Lynn Garrett of Minot, South Dakota, passed away July 5. Judith was co-owner of Drew Plaza Manufactured Homes Company of Monticello, Arkansas. She was an avid golfer and had been active in several service organizations inside and outside the military. With …
Passage: Judith Garrett, Co-owner of Drew Plaza MH Company Read More
The Clarion Ledger reports from Madison County in central Mississippi that manufactured homes with delinquent county taxes will be sold for cash to the highest bidder Monday, July 11, on the town square in Canton, Mississippi. Any representative of a business or corporation must have identification and authorization from their …
The Morning Call in East Penn, Pennsylvania, says the Red Maple Acres manufactured housing community in Macungie, PA has received permission from Lower Macungie Township Commissioners to add 29 manufactured homes to the existing 202 units. The township is considering levying owner Big Bear Management Fund $78,052 as a recreation fee, …
The Dow dropped 62.29 points on disappointing job news for June to end the week at 12,657.20, and most housing stocks fell also. The Manufactured Housing Composite lost 2.77 percent to close at 1144.60. MSCI gained .36 percent. Skyline Corporation lost 4.58 percent, Deer Valley fell 4.41 percent, Cavco dropped …
Dow Ends the Week Down, Most Housing Stocks Follow Read More
The Manufactured Housing Institute (MHI) says the number of manufactured homes shipped in May declined by 10.9 percent over May 2010. The 4,475 homes represent a 23.8 percent decrease in multi-section homes and a 9.6 increase in single section homes. Year-to-date shipments are 18,125 as opposed to 20,972 houses for …
CityBiz Real Estate in Philadelphia, PA reports that Cedar Grove MHC (manufactured home community) in Mantua, New Jersey, has secured a $4.55 million dollar loan arranged by Dockerty Romer & Company of Philadelphia. The age restricted community contains 185 homes comprised of 57 percent multi-section and 43 percent single section …
The Dow gained 93.47 points on good job growth news to close at 12,719.49, as housing stocks gained or closed even. The Manufactured Housing Composite gained .68 percent to close at 1177.20. Nobility Homes moved up 4.12 percent, Skyline Corporation climbed 1.03 percent, Sun Communities was up 1.01 percent, ELS …
Sources tell MHMSM.com that MHI and MHARR quietly prepared a joint approach to HUD in favor of appointing attorney Victor A DeRose to a vacancy in that federal agency’s manufactured housing program. DeRose, who has years of manufactured housing industry experience, declined interest in the role. Recently announced moves of …
Yahoo! Finance says unemployed borrowers with Federal Housing Administration (FHA)-backed loans will be able to remain in their homes for up to a year without making a payment and stave off foreclosure. T he goal is to allow people to remain in their homes, and thereby reduce the number of …
Government Trying to Ease Burden of Jobless Homeowners Read More
The Montreal Gazette reports Tenta Inc., of Quebec, Canada, has developed a modular home that is earthquake and flood-proof. Working with a Haitian company, Maurice Monette designed the 400 square-foot unit as a solution for Haiti’s earthquake refugees. Its high-density foam panels slide into an aluminum frame which allows the …
Earthquake-Proof Modular Homes May Be Coming to Haiti Read More
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 …
