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.
Yahoo! Finance reports Nobility Homes financials for the second quarter 2011 show a drop of revenue of nearly $480,000 from the second quarter 2010 to $3,229,214. The loss of $143,047 for Q2 2011 is less than the $236,928 lost in the second quarter of 2010. Nobility says it has a […]
Nobility Homes Posts Sales and Earnings Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) criticized the Manufactured Housing Institute (MHI), as we reported here June 16, for leaving a door open that might require sprinkler systems installed in manufactured housing. MHI says it has consistently opposed mandatory fire sprinkler systems in HUD Code homes, and has
MHI Responds to MHARR’s Allegations about Sprinklers Read More
LinkedIn reports from Realty Trac that notices for mortgage payment defaults fell to their lowest level in five years. Foreclosure filings fell 33 percent from May a year ago, and bank repossessions are down nearly 30 percent from May 2012. Banks are expected to repossess 20 percent fewer homes this
Good Signs for the Housing Recovery—but Good Enough? Read More
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
Bill Would Give Congress More Control over CFPB Read More
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
Modular Neighborhood Spreads Out in California Read More
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
Michigan Gets New MH Commission Member Read More
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
FEMA Homes Unnecessary in SE Tennessee Read More
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
MHARR Inflamed by MHI’s New Sprinkler Proposal Read More
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
Ohio Town Taxes Real Property and MH the Same Read More
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
Green Modular Home Will Teach Energy Conservation Read More
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
2500 Resident MH Complex Assembling in N. Dakota Read More
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
Manufacturing to Return to These Shores Read More
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
Housing Pro States New Low May Be Coming Read More
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
NAHB Survey Respondents Oppose Eliminating MID Read More
