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 the index that measures sales agreements for previously occupied homes fell 11.6 percent in April to 81.9, according to the National Association of Realtors (NAR). A count of 100 is considered healthy. The last time the index hit 100 was April 2010, the last month when people […]
Sale of Previously Occupied Homes Half that of 1963 Read More
Bloomberg reports that manufactured housing shipments for March rose at a seasonally adjusted rate to 47,000, up 3,000 over February, and the highest in six months. On a seasonally adjusted rate, placements dropped 5,000 units February to March, and dealer inventory remained stable at 22,000. The average sales price increased
Manufactured Housing Shipments Increased for March Read More
The Manufactured Housing Institute (MHI) says it and the National Communities Council (NCC) met with Housing and Urban Development (HUD) representatives to discuss a federal program to develop and rehabilitate manufactured housing communities. Federal Housing Administration’s (FHA) 207(m) is a mortgage insurance program for owners and developers to obtain financing.
Under-utilized MH Community Program to Be Revised Read More
WNEP 16 reports from east central Pennsylvania that a modular home builder near Selinsgrove moved into a facility vacated by a previous modular home builder last year in Snyder County. Durabuilt owner Kevin Hahn says they have already hired 20 additional workers since opening, increasing production by 40 percent. Despite
Business is Good for New Modular Builder Read More
NAHB (National Association of Home Builders) First Vice-chairman Barry Rutenberg says while the NAHB supports modernizing the nation’s housing finance system, it opposes several bills in the House and Senate that would end Fannie Mae and Freddie Mac without providing some type of government backstop. He says, “Maintaining a continuing
Home Builders Want Government Mortgage Backstop Read More
“Housing Built in Alabama for Alabama Citizens,” is what Sherry Norris, Executive Director of the Alabama Manufactured Housing Association says about an exciting project taking place right now. She sent word to MHMSM that two blocks of dilapidated housing were cleared in Montgomery, Alabama, to make way for a series
“Housing Built in Alabama for Alabama Citizens” Read More
The Dow moved slightly higher on positive technology sector news, gaining 8.1 points to close at 12,402.76, while housing stocks gained or remained flat. Palm Harbor Homes was up 4.76 percent, Cavco gained 1.13 percent, Skyline Corporation moved up 1.03 percent, Sun Communities was up .76 percent and ELS gained
Dow Edges Up Cautiously, Housing Stocks Mostly Up Read More
National Mortgage News reports the Federal Housing Administration (FHA) is cracking down on lenders it thinks have taken shortcuts, denying claims and even threatening lawsuits. Although much of the action results from the bubble years activity, it is giving pause to those seeking to make new FHA-backed loans. Foreclosure-related claims
FHA Getting Tougher on Claims? Read More
It was brought to our attention by a reader that in a story we reported May 20, we mistakenly identified Carlyle Group, headquartered in Hollywood, California, with The Carlyle Group, a private-equity firm headquartered in Washington, D.C. Carlyle Group, of California, is an asset management firm that manages 5,000 Land
Errata on Carlyle Group’s Eclectic Investment Mix Read More
Following up on a story we published May 5, the North County Times says the Oceanside, California City Council voted 3-2 to reaffirm two earlier votes ending rent control for the residents of the 18 Land Lease Communities in Oceanside. The ordinance would apply only to new occupants of the
MHC Residents Circulating Petition to Overturn Council Vote Read More
MHMSM has obtained the Notice of Dismissal in Case 10-45772 Doc 178 Filed 05/18/11 Sunset Village Limited Partnership. Sunset Village is a community owned by Capital First Realty, Inc. based in Chicago. The case was filed in the United States Bankruptcy Court, Northern District of Illinois, Eastern Division. Sources close
Case Dismissed – MHC business in the news Read More
The Sussex Countian reports the opening of a brand new modular home dealer in Georgetown, Delaware. Two Sussex Central graduates have opened Peninsula Homes between Georgetown and Millsboro near the Eastern Shore, and offer over 100 variations for the homes. Turnaround time is six to eight weeks. Co-owner Eddie Ghabor
New Modular Home Dealer Opens in Delaware Read More
The Palm Beach Post reports that over 100 residents of manufactured communities in Florida attended a Florida Public Service Commission (FPSC) hearing regarding Aqua Utilities Florida Inc.’s request for a rate increase. The FPSC has conducted a series of public meetings attended by hundreds of customers since October to complain
MH Community Residents Protest Rate Increase Read More
West Virginia Public Broadcasting recorded two voices from the manufactured housing industry in West Virginia. A 23-year veteran in the business, and now the general manager of Freedom Homes in Raleigh County, Rocky Mills says several of his competitors have gone out of business because of the rough economy. He
MH Pros in West Virginia Say Industry Is Toughing it Out Read More
The Dow fell 38.45 points to 12,394.66 on continuing fears about the recovery of the economy, while housing stocks closed mixed. Cavco Industries closed up 4.50 percent, Skyline Corporation gained 4.48 percent, MSCI was up .74 percent, and ELS closed up .26 percent. Meanwhile, Sun Communities fell .08 percent, while
Dow Moves Down Slightly, While Several Housing Stocks Move Up Read More
Following up on an article we published May 24 regarding Cordova, Alabama, Mayor Jack Scott’s insistence on keeping Federal Emergency Management Agency (FEMA) homes out of Cordova, The Birmingham News reports that 200 people showed up for a city council meeting to protest the ban, many venting their frustrations. Mayor
Tempers Flare at Cordova, Alabama, City Council Meeting Read More
Following up on an article we published here May 20, the Tuscaloosa News says eight Federal Emergency Management Agency (FEMA) homes have been delivered to Tuscaloosa County following the devastating tornadoes of April 27, and are being sited at a community outside the city limits. Over 250 FEMA homes have
Tuscaloosa County Receives FEMA Homes Read More
Origination News says as a result of The Senior Citizens League (TSCL) Annual Survey of Senior Costs, since 2000 typical living expenses have increased 73 percent while the Social Security Cost of Living Adjustment (COLA) has only gone up 31 percent. Apartment rentals are up 39 percent and home ownership
Home Ownership Costs Hit Seniors Hard Read More
HousingWire reports the Federal Housing Finance Agency (FHFA) recorded the largest quarterly drop in house prices since the last quarter of 2008, as prices fell 2.5 percent in Q1 2011 from the previous quarter. Based on the mortgages of Fannie Mae and Freddie Mac, house prices fell 5.5 percent over
Housing Prices Continue to Drop Read More
Following up on an article we published here May 18, Benzinga reports ATCO Structures and Logistics (ATCO) has been awarded a second contract for building a modular workforce community on Curtis Island, Queensland, in Australia. The Gladstone Liquefied Natural Gas (GLNG) project will have 336 modular housing units, including recreational
ATCO Awarded a Second Modular Workforce Village Read More
