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.
According to HousingWire.com, the Republican leadership in the House of Representatives said they could not find time on the floor to bring a vote to end the Home Affordable Modification Program (HAMP). Intended to reach three to four million troubled homeowners by 2012, servicers have begun only 600,000 applications in …
Leagle.com, a website devoted to court cases, reports Stephen Scott Edwards bought 11.34 acres of agriculturally-zoned land in Bladen County, North Carolina, three and one-half years ago to establish a manufactured home community. The Planning Board turned down his request to rezone the land, saying while it met safety and …
Legal Wrangling Besets Proposed Manufactured Home Community Read More
HousingWire.com reports HUD Secretary Shaun Donovan and Treasury Secretary Timothy Geithner, in testimony before the Senate Banking Committee Tuesday, spoke of a financing mechanism to replace Fannie Mae and Freddie Mac. “The funds could be used to scale up support for proven nonprofit partnerships for affordable housing production and preservation …
Obama Administration Wants Affordable Housing Soon Read More
In a follow-up to a story we ran March 10, the WausauDailyHerald.com confirms that Wausau Homes of Wisconsin does not benefit from a tax exemption law proposed by Governor Scott Walker. The earlier report had stated Wausau Homes donated $25,000 to the governor’s campaign, and in return received an exemption …
MHMSM.com Industry In Focus Reporter Matthew J. Silver spoke with land-lease community owner and Industry consultant George F. Allen. The conversation produced some perceptive insights into some of the most pressing issues in the manufactured housing industry today. Allen shared his view with MHMSM.com that community ownership is one of …
George Allen Sounds Off in Exclusive Interview on Key MHC and Industry Issues Read More
The Dow dropped 137.74 to close at 11855.42. Housing Market stocks showed little movement, with Skyline Corp up .55 percent, Cavco increased .29 percent; Nobility Homes and Deer Valley were unchanged. The Manufactured Housing Composite climbed .35 percent to 1123.60.
From Pennsylvania, TribLive.com reports a district judge’s office will soon be replaced by a 2,400 square foot modular unit. The original pole building in Westmoreland County needs to be torn down because of mold problems. Route 422 Homes in Delmont was the lowest bidder, and is expected to deliver the …
As documented on HousingWire.com, a Dallas Homeowners Association (HOA) was scolded for foreclosing on a National Guard captain’s home while he was serving in Iraq. He owed delinquent neighborhood dues of $3,500 on a $300,000 house that was paid off. Both houses of the Texas legislature have bills pending that …
Proposed Texas Law to Reinforce Federal Protection Read More
CNNMoney.com says the rental vacancy rate has dropped below 10 percent, and by 2012, may be as low as five percent, according to Peggy Alford of Rent.com. The Commerce Department statistics report that rents have averaged an increase of below one percent a year for a decade. Alford expects them …
Renew Your Lease Now – Rental Rates Starting to Climb Read More
The Boston Business Journal reports that Westchester Modular Homes of Greater Boston (WMHGB) has a new CEO, Scott Jones. As reported by MHMSM.com on March 9, WMHGB recently installed a three-story modular home in tightly-packed Boston, on a site only 20 square feet larger than the structure. The Lynnfield, Massachusetts, …
The National Association of Home Builders (NAHB) is anticipating an improved demand for new single-family housing this spring. Their Housing Market Index (HMI) in March showed an increase to 17, one point better than it’s been the last four months, and the highest since May 2010. The NAHB/WellsFargo HMI monthly …
The Dow closed down 51.24 points to close at 11,993.16. All housing stocks remained unchanged except Skyline Corp., which gained two-thirds of a percent. The Manufactured Housing Composite did add .21 percent to close at 1119.70.
Stuff.CO.NZ in New Zealand reports that as many as 500 modular homes may be set up in Christchurch following the massive earthquake Feb. 22. The Department of Building and Housing said the homes would be fully functional with water and electricity, but available only to those whose homes were uninhabitable. …
Even though the House of Representatives voted to end HUD’s Short Refi program, according to a report on Housingwire.com, 23 lenders have signed up to participate in the program. This includes five of the largest lenders in the U.S. HUD had received only 44 applications when the House decided to …
Short Refi Plan Applicants Rise as House Votes to Terminate Read More
The Coffs Coast Advocate in Australia reports that Stonelake Design and Construction spent five years developing its Memod series of two-bedroom manufactured housing cottages that it unveiled last week at Park Beach. The affordable housing has a waterproof floor, and due to its comprehensive tight construction, could float if it …
Canada’s Journal of Commerce says that modular housing can qualify for LEED (Leadership in Energy and Environmental Design) certification just as much as stick-built construction. Tom Hardiman, executive director of the Modular Building Institute (MBI), says, “Any project that can be site built can be more efficiently built off site.” …
Canadian Builders Tout Modular Building Equal to Conventional Read More
The Winter Meeting and Legislative Congress of the Manufactured Housing Institute (MHI) will be held at the Capitol Hilton Sunday, March 13, through Tuesday, March 15. Estimates on attendance reported to MHMSM.com range from 60-85 industry members. The agenda includes members of Congress and HUD who deal with manufactured housing, …
11 update says manufactured home production was down 12.89 percent over January of last year. The report says HUD is directly responsible for the precipitous drop of HUD Code manufactured houses from 374,000 in 1998 to under 50,000 last year. It says the Federal Housing Administration (FHA) Title 1 program …
The Dow lost one half a percentage point to end the week at 12044.40. Housing stocks closed mostly up, with Deer Valley soaring to 285.19 percent up, after losing 74.04 percent Thursday. Skyline Corp. gained .95 percent, Cavco was up .24 percent, and Nobility Homes lost .62 percent. The Manufactured …
Dow Closes Down Slightly Amid Oil and Earthquake Concerns Read More
As reported in Azle News Online, Retired Major General Leroy Sisco is president of the non-profit Military Warriors Support Foundation, an organization that helps disabled veterans receive job counseling, scholarships, and other supportive services. He and Jim Thomason of the Fort Worth Air Power Council, another organization dedicated to helping …
