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 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 […]
MH Homes to Be Auctioned for Back Taxes Read More
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,
MH Community Approved to Expand Read More
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
MH Production Declines Fifth Straight Month Read More
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
New Jersey MHC Secures Financing Read More
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
Job Growth Pushes Dow and Housing Stocks Up Read More
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
DeRose Declines, but MHARR and MHI Cooperate? Read More
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
Newby Appointed as Sterling Receiver Read More
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
Hallmark-Southwest Honored Read More
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
Bungalow Too Small? Add a Modular Second Story Read More
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
HUD’s Donovan Says Rising Home Prices are Coming Read More
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
FEMA Homes Find a Home Read More
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
Mortgage Applications Fall as Interest Rates Rise Read More
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
Charity Golf Tourney Sponsored by LLC Read More
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
Sun Communities to Release 2011 Q2 Financials Read More
