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.
News-press.com in Florida offers a legal Q & A column. Questioner lives in a manufactured home community six months of the year, pays for lawn maintenance, but has a rock garden instead of grass. They have to weed their own rock garden despite paying for lawn care, and have to …
A post originally published here March 14 said Christchuch, New Zealand, would receive 500 modular homes to temporarily house people while their homes are repaired following the Feb. 22 earthquake. Now, Stuff.co.nz says the Department of Building and Housing is requesting 2500 modular homes, because housing for out-of-town work crews is …
ShoreNewsToday.com reports that construction permits for new homes in Avalon, New Jersey, increased from 534 in 2009 to 591 in 2010. Borough construction official John Tracy said, “Modular homes are catching on. Ten permits were given for modular homes in 2010. This year, there are already 14.” Some question the …
Chicago, IL. Allegations have been circulating by email that Sterling Estates in Justice, IL will be closed as a manufactured housing community. The email alleges that letters have gone out from the bankruptcy court to residents, giving them 1 year to vacate. The email further alleges that residents were also …
The Dow closed up for the second day in a row as a cease-fire in Libya began, but tempered by the turmoil in Japan. It gained 83.93 points to close at 11858.82. Housing stocks also closed up or even. Skyline Corp. was up 5.66 percent and Cavco gained 3.88 percent. …
The Tennessean reports that Lloyd D. Link passed away March 15, 2011 in Nashville, Tennessee. He was an entrepreneur involved in auto racing, manufacturing electrical safety equipment for punch presses, and installing safety equipment in factories. He also founded a real estate company and was an early developer of modular …
As reported in California’s St. Helena Star, the St. Helena City Council will meet March 22 to hear a presentation by Silver Crest Homes concerning modular homes and the city’s contribution to affordable housing. Also on the agenda is the status of the Affordable Housing Committee.
RealEstateRama reports that the Manufactured Housing Institute’s (MHI) annual Legislative Conference in the nation’s capitol resulted in 20 percent more meetings with Members of Congress and staff than last year. Said Thayer Long, executive vice-president of MHI, “The message to Congress is simple. For the past two decades manufactured housing …
Following up on a post from Feb. 21 from TheTandD.com, of Orangeburg, South Carolina, the Cope Town Council approved a final ruling to ban future locations of manufactured housing within the town limits. Current homes will be grandfathered in. A manufactured home sitting on property that is sold will be given …
Following up on a post from March 17, Bed-StyPatch.com reports that New York City unions are infuriated over developer Forest City Ratner’s plan for a steel modular building in Brooklyn’s Atlantic Yards. The company says modular construction could cut their costs in half for the 34-story project, the tallest modular …
New York Unions Torched Over Proposed Modular Steel Tower Read More
The Dow experienced its first gain after three days of losses, rising 161.29 points, or 1.4 percent, to 11,774.59. Nobility Homes gained 6.09 percent, Cavco closed up 2.01 percent and Skyline Corp. ended the day up .68 percent. Deer Valley was unchanged. The Manufactured Housing Composite went back above the …
CKNW980AM radio in Vancouver, British Columbia, Canada, reports the city is installing a series of modular units on the east side of downtown to provide homes for homeless people. Vision Vancouver Councilor Kerry Jang said this may be an inexpensive way to continue to address homelessness in Vancouver. The homes …
HousingWire.com reports the House of Representatives voted to end the Neighborhood Stabilization Program (NSP) which began with HUD’s Housing and Economic Recovery Act (HERA) in 2008 with $3.9 billion. Recipients use the funds to rehab empty residential properties and resell them. Owner-occupants are given two weeks to bid on them …
ReadMedia, Inc. reports the New York State Home and Communities Renewal (HCR) has approved $52.5 million to provide and preserve 756 affordable housing units as part of a community development project across the state. The public-private partnership will address issues of safety and accessibility, especially for the elderly and those …
New Manufactured Homes to Replace pre-1976 Homes in NY State Read More
As a follow-up to our article March 10, the National Association of Home Builders (NAHB) details instructions for dealing with defective Chinese Drywall in single family homes. The drywall was used following Hurricane Katrina, because new construction demand outstripped U.S. supply. The process involves testing for the amount of corrosive …
Defective Chinese Drywall May Require Extensive Cleansing Read More
The New York Times reports that the tallest modular building in the world will soon rise at the Atlantic Yards in Brooklyn. Part of a $4.9 billion project, the 34-story steel building will have 400 affordable apartments as part of its obligation, which also includes a new arena for the …
World’s Tallest Modular Building to Rise in Brooklyn Read More
Bloomberg News reports the producer price index moved up 1.6 percent in February, the most since June 2009, according to Labor Department figures. The article says the combination of higher fuel and food prices coupled with a struggling housing market put a strain on disposable income. The consumer price index …
The Dow lost 242.12 points to close at 11,613.30. Nobility Homes gained a half of a point, but Cavco lost 3.36 percent and Skyline dropped 2.90 percent. The Manufactured Housing Composite fell 2.87 percent to close below eleven thousand at 1091.40.
BClocalnews.com from British Columbia, Canada, says the residents of a manufactured home community no longer fear a bare-land strata that they thought would force them to leave their homes. The provision would give them the opportunity to buy the land their homes sit on, and maintain their access to communal …
Senior Manufactured Home Community Votes to Buy Homesites Read More
The National Association of Home Builders (NAHB) reports that housing starts fell 22.5 percent in February, the second slowest pace on record. Permits to build new homes dropped 8.2 percent. Chief economist of NAHB David Crowe, said, “We need to see several months of consistent improvement in economic factors, plus …
Housing Starts and Permits Issued Fall in February Read More
