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 Times Daily reports from Franklin County, Alabama, that Savannah Swinney and her family are the first in Alabama to move into a FEMA factory-built home. She and her daughter sought shelter in the closet of their apartment, which was heavily damaged by the tornado that carried winds up to […]
First Alabama Tornado Victims Move into FEMA Homes Read More
In following up on stories published here May 3 and May 5 ,The Los Angeles Central Coast Democrat reports that California Assembly member Bill Bonning (D-Carmel) is delaying his Assembly Bill 579 (AB 579) that would reimburse local governments legal fees when their rent control laws, or other regulations regarding
Bill to Reimburse Local Governments for Rent Control Challenges on Hold Read More
The Board of Directors of the Manufactured Housing Institute of South Carolina (MHISC) has developed a four-pronged approach to increasing sales of manufactured homes, according to Executive Director Mark Dillard. 1) Appraisals. Noting that appraisers are not always thorough in gathering comps for manufactured home sales, the association has been
MHI of South Carolina Launches Marketing Initiatives Read More
The National Association of Home Builders (NAHB) says builders’ confidence in the market for new single-family dwellings has not changed in six of the last seven months, according to the NAHB/Wells Fargo Housing Market Index (HMI). Said NAHB Chief Economist David Crowe, “Asked to identify reasons that potential customers are
Survey Says Builders’ Expectations for New Home Construction Flat Read More
In correspondence with MHMSM, Joe Kelly, Executive Director of the Manufactured Housing Association of Iowa, says state law requires each Land Lease Community (LLC) to file an annual report with the county treasurers by June 1 with the name of each home owner and the home mailing address. Says Kelly:
Iowa Filing Due June 1 Read More
MHMSM.com acknowledges with regret errors in an earlier story, Canadian Company Sending Temporary Modular Units to Japan on May 13th. A representative speaking for Viceroy Homes, Ltd., clarified that the company is providing 1000 temporary homes (not more), per order from the Japanese government. While they do hope and anticipate
Errata on Report of Canadian Builder Supplying Modular Homes to Japan Read More
The Dow fell just over 100 points today to 12,595.75, ending the week 89 points lower than it began, as most housing stocks fell also. Sun Communities closed up .70 percent, but Skyline Corporation dropped 3.76 percent, MSCI lost 2.50 percent, Cavco dropped 1.98 percent, UMH lost 1.46 percent, and
Dow Drops as Investors Step Back, and Housing Stocks Fall Read More
HousingWire reports two U.S. Senators have proposed legislation that would require mortgage servicers to discontinue pursuing foreclosure and loan modification at the same time. The Regulation Mortgage Servicing Act, introduced by Sen. Olympia Snowe (R-Maine) and Sen. Jeff Merkley (D-Ore.), would also require a third-party review of mortgage servicers’ activities
More Legislation to Clean Up Mortgage Servicing Errors Read More
A group of MH Industry leaders is working with MHC (manufactured home communities) owners David Roden and Spencer Roane who are spearheading a plan for FEMA in disaster areas in the southern U.S. Some manufacturers, association leaders and businessmen are working on a plan that avoids FEMA’s past missteps, saves
Industry Leaders Work on FEMA Plan Using MHCs in Tornado-ravaged States Read More
MHI Week-in-Review reports from the halls of Congress that Rep. John Lewis (D-Ga.) introduced legislation (H.R. 1632) that would re-authorize and improve Assets for Independence (AFI), a federal grant program to help people out of poverty. The bill offers funding to repair substandard homes or replace them as well as
Legislation in the News From the Manufactured Housing Institute (MHI) Read More
Following up on a story we ran May 6, Bluffton Today reports that Beaufort Construction, Inc., got the nod for building the six modular homes planned for a Bluffton, South Carolina, affordable housing project, just west of Hilton Head. The town has also received bids for homeowner consultants to screen
Builder Selected for Modular Units in South Carolina Read More
The Vancouver Sun says that Viceroy Homes Ltd. is providing thousands of homes to earthquake and tsunami-stricken Japan with its Japanese partner of 17 years, Selco Homes, of Richmond, Ontario, Canada, just west of Ottawa. The thirty-square meter homes are each composed of 25-30 two-by-fours, plywood panels, and a steel
Canadian Company Sending Temporary Modular Units to Japan Read More
TodaysTHV reports from Little Rock, Arkansas, that students from the Fay Jones School of Architecture at the University of Arkansas, in partnership with the Downtown Little Rock Community Development Corporation (CDC), spent this year designing and building a 1,000 square foot modular home to be used in an urban renewal
Students Design and Build Modular Home for Little Rock Read More
The Dow closed up .52 percent on news of rebounding commodity prices to close at 12,695.92, as housing stocks all closed up or even. Palm Harbor Homes led the charge with a gain of 8.70 percent, followed by Skyline Corporation up 2.53 percent, Cavco gained 1.60 percent, Nobility Homes was
Dow Closes Up and Housing Stocks Follow Suit Read More
The Tampa Bay Business Journal says Deer Valley’s (NYSE:DVLY) revenue for first quarter 2011 was $4.4 million, down from the same period last year of $6.1 million, a 29 percent decline. However, net income was $134,761, one cent a share, a marked improvement over the $2.3 million loss last year
Deer Valley Posts Gain in 2011 Q1 Read More
The New England Real Estate Journal reports the Boston office of Goedecke & Co., LLC, has arranged $17 million in financing for the construction of 53 modular housing units in downtown Reading, Massachusetts, a northern suburb of Boston. The project will have underground parking, and the first floor will feature
Financing Arranged for Boston Area Modular Apartments Read More
Virtual Press Office reports from Great Britain that building officials are discovering modular building methods are gaining in popularity due to increased efficiency, sustainability and economy. Research by the Building Cost Information Service (BCIS) on behalf of the Royal Institute of Chartered Surveyors (RICS) says 63 percent of traditional building
England Leaning in the Modular Direction Read More
The Pemberton News in Pemberton, British Columbia, Canada says funding for the 22-unit modular senior apartment complex has been completed and will now be built. The federal and provincial governments had provided funding, but the units were to be built in a floodplain that required additional funds. The Pemberton Lions
Affordable Housing for Seniors in Canada Read More
The National Association of Home Builders (NAHB) says its 55+ Housing Market Index indicates that the expectation for single-family homes construction remains low. This quarterly report by the NAHB Economics and Housing Policy Group says people who may want to live in a smaller home cannot sell the larger one
Survey Says Single-family Building Stalled, Multi-Family Building Expanding Read More
Following President Obama’s disaster declaration for specific counties in Tennessee and Missouri, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has offered speedy government assistance to people in those jurisdictions ravaged by the tornadoes last month, specifically to home-owners and low-income renters. The provisions include diversion of Community
Federal Government Offering Rebuilding Assistance Following Tornadoes Read More
