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.
Reverse Mortgage Daily says the Federal Housing Administration (FHA) is getting its second consecutive acting commissioner since April. President Obama has named Carol Galante to replace Robert Ryan as head of the agency, effective immediately. Galante has a Master of City Planning degree from the University of California Berkeley, and […]
New FHA Acting Commissioner Steps Up Read More
The Pakistan Observer in Islamabad notes that home construction prices are so great that people should consider a modular home. The prices of steel, diesel fuel, coal, cement and wages have all increased, making it difficult for a middle class family to build a home. In addition, the government has
Modular Homes Abroad Read More
HousingWire reports for the first time since the housing tax credits ended in June 2010 that home sales have spiked in Southern California. San Diego-based DataQuick says June over May 2011 sales increased 11.6 percent, but still 14 percent below June 2010 for this populous six county area. June is
Southern California Housing Market Slowly Improving Read More
Switchboard says the modular Katrina Cottages that were built for survivors of that deadly hurricane are now being used as offices, educational facilities and affordable housing. The article, published in the newsletter of the National Resources Defense Council (NRDC), says one developer is using 12 of them in Buena Vista,
Katrina Cottages Supporting New Urbanism Read More
The Sun Sentinel reports from southern Florida that a land lease community on tribal land the Seminole Indians forcibly took over in July 2008 has been returned to owner Hollywood Mobile Estates. The tribe had seized the 2,000-resident community alleging lease violations by the owners, and had twice refused the
Seminoles Return Seized Land Lease Community Read More
The Dow stumbled on fears about Italy’s economy, sending it tumbling 1.20 percent, as several housing stocks also tumbled. The Manufactured Housing composite dropped 4.74 percent to close at 1090.40. Palm Harbor Homes gained 20.59 percent, and ELS moved up .18 percent. Skyline Corporation fell 6.22 percent, Cavco Industries dropped
Dow Tumbles, as Do Several Housing Stocks Read More
The Press Democrat in California reports HybridCore Homes of Santa Rosa, California, is collaborating with Champion Homes of Troy, Michigan, to build demonstration homes in Washington, D.C., and in North Dakota. These two areas were chosen because of new home construction currently in progress. HybridCore’s demo home displayed last fall
Is it Modular, or Manufactured, or a True Hybrid??? Read More
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
Mortgage Servicers Encouraged to Act Quickly Read More
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
HUD Grant Designed to House Troubled Families Read More
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
Boston Conference on Green Public Housing Read More
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
ELS Stock Continues to Draw Investors Attention Read More
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
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
