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 Manufactured Housing Institute (MHI)’s weekly newsletter notes on June 16, the House Financial Services and General Government Appropriations Subcommittee approved a nearly $20 billion FY 2012 spending bill, two billion short of current levels. The bill includes provisions to limit the Dodd-Frank Wall Street Reform and Consumer Protection Act …
The New York Times notes that while the term prefab or modular has long conjured images of cheap and flimsy, today’s builders are learning that modular construction uses the same materials as traditional building, and can save 20 percent in costs as well as months of construction. In Philadelphia, an …
Modular Construction Preferred in Pennsylvania and New York Read More
Mother Nature Network reports that Zero Energy Technology and Architecture (ZETA) of San Francisco is building Tierra del Sol, a net-zero energy community of 22 modular homes in Stockton, California. Each 1,268 square foot home is designed to save the residents $2,000 annually on utility expenses. A project funded jointly …
The Dow gained 64.25 points in response to stronger than anticipated housing and employment news to close at 11,961.52. Most housing stocks also advanced. The Manufactured Housing Composite gained 1.06 percent to end the day at 944.50. Skyline Corporation gained 2.37 percent, ELS was up 1.40 percent, Cavco added 1.04 …
Dow Responds to Positive Economic News, Housing Stocks Mostly Gain Read More
RealEstateRama of Michigan says Creighton Weber, with 30 years of experience in the manufactured housing industry, has been appointed to the Michigan Manufactured Housing Commission (MMHC). Appointed by Governor Rick Snyder to a three-year term, Weber specializes in manufactured housing communities finance for Wells Fargo Multifamily Capitol Group. He earned …
The Chattanooga, Tennessee, Times Free Press reports tornado survivors in a six county area of Tennessee will not need temporary manufactured homes from the Federal Emergency Management Agency (FEMA). According to a joint study by the Tennessee Emergency Management Agency (TEMA) and FEMA, eligible applicants are receiving rental assistance checks …
National Mortgage News reports the Commerce Department says housing starts increased 3.5 percent in May, following a 3.4 percent drop for April, to a seasonally adjusted annual rate of 560,000 units. This figure includes single-family and multi-family units. Multifamily housing starts alone rose 24 percent over May of 2010, to …
Housing Starts, Building Permits Up, but Builder Confidence Languishes Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) says the Manufactured Housing Institute (MHI) has issued a new proposal regarding sprinkler systems in HUD (Housing and Urban Development) code homes that MHARR says leaves the liability door open. MHI’s new suggestion states that sprinklers are federally preempted, but sets up …
The ADA Herald in Ada, Ohio, says real estate tax bills have been mailed this week, and the last day to pay manufactured home tax in Hardin County without penalty is July 27. In 2000, the county began taxing manufactured homes at the same rate as real property. In a …
The Chronicle Herald of Canada reports from Dartmouth, Nova Scotia, near Halifax, that a 1,500 square foot modular home has been termed the most energy efficient home in the Province by the designer, Axel Lerche. Before the house is sold in three to four months, it will be an educational …
The Dow fell nearly 180 points to close at 11,897.27 following disheartening manufacturing news and renewed fears about Greece’s economy. Most housing stocks fell as well. The Manufactured Housing Composite lost 1.93 percent to close at 934.60. Nobility Homes gained 4.89 percent. However, Cavco lost 3.60 percent, Sun Communities was …
Dow Falls as Manufacturing Falters, Housing Stocks Mostly Fall Read More
The Williston Herald in Williston, North Dakota, reports the Williams County Commission has approved a manufactured housing complex that will accommodate 2,500 people for a Capital Oil Field Services project. Located near Tioga in the northwest part of the state, the Capital Riggers Lodge will eventually consist of 74 buildings …
The Neosho Daily News says ten Federal Emergency Management Agency (FEMA) manufactured homes have arrived at Neosho’s Camp Crowder, south of Joplin, Missouri, where they will be prepared for distribution to several sites in factory-built communities in Jasper and Newton Counties. Fifty more homes are set to arrive this week …
FEMA Housing Begins Arriving for Joplin MO Survivors Read More
Yahoo! News reports the twister that ripped through Alabama April 27 demolished the home of Lisa and Jonathan Stewart and their two children near Birmingham. A Federal Emergency Management Agency (FEMA) inspector examined the remains, took pictures and notes and then sent a letter saying there was insufficient damage to …
Storm Hammers Alabama Residents, FEMA Hammers Some Victims Read More
The Biz Coach says The Boston Consulting Group (BCG) reports wages in China are rising 15 to 20 percent a year, shrinking the difference between U.S. and Chinese pay. This disparity, combined with growing initiatives in several U.S. states to increase efficiency in production, will ultimately mean the return of …
HousingWire reports RealtyTrac’s senior vice president says he does not expect a full recovery of the housing market until 2015. Rick Sharga, speaking at HousingWire‘s REO (Real Estate Owned) Expo in Fort Worth, Texas, says 2010 saw 2.9 million foreclosure filings, the most ever. There were 550,000 foreclosure filings in …
According to a recent survey for the National Association of Home Builders (NAHB), of 2000 likely voters in the 2012 elections, 73 percent of owner and renter respondents believe the government should provide tax incentives to encourage home ownership. Over seven of ten voters oppose eliminating the mortgage interest deduction …
The Dow responded positively to good news about inflation and retail sales, gaining a respectable 123.14 points to close at 12,076.11. The Manufactured Housing Composite fell .43 percent to end the day at 953. Sun Communities gained 1.38 percent, Cavco was up 1.15 percent and MSCI gained 1.10 percent. Nobility …
The Coeur d’Alene Press in Coeur d’Alene, Idaho, says since the tax credits for homebuyers expired in September 2010, the housing market from manufactured homes to waterfront properties has slowed. Compared to a year ago, home sales are down 8.4 percent, total dollar volume has fallen 11.8 percent, average sale …
Idaho Housing Market Down, but State Offers Incentive Read More
The Sulphur Daily News from Sulphur, Louisiana, says the city council has extended by six months the ban on “the construction, location or the siting of recreational vehicles, motor homes, [pre-HUD Code] homes, trailers, manufactured houses and manufactured trailers” in town. The ordinance was originally enacted in June of 2010, …
