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.
Forbes reports another indicator in the slow rebound of the housing market is in California, where in January, 31 percent of all real estate transactions were in cash, up by more than double the 14 percent historical average. The article quotes First Tuesday as saying the tight credit market is …
The Dow gained 67.39 points to end the day at 12,086.02. Nobility Homes lost 3.39 percent, Skyline Corp. was down 1.97 percent, Cavco lost .28 percent and Deer Valley was again unchanged. The Manufactured Housing Composite dropped 1.07 percent to end the day at 1164.60.
From GreenBuildingPress.co.uk comes news that Haydon Bridge High School in the agricultural north of England is the first zero carbon footprint modular school building in the UK, and hopes are for many to follow. Twelve agriculture students were involved in designing the 65 square meter classroom and the 90 square …
Zero Footprint Modular School Building Rises in Great Britain Read More
Thedailyreview.com reports that modular units each weighing 51,000 pounds will soon become the newest addition to the RiverStone Inn in Wysox Township, Pennsylvania. Trucked in from Pleasant Valley Modular Homes, Inc., in Pine Valley, PA, the 27 units each measure 15 feet wide by 60 feet long and will add …
The New York Times reports that in some areas of the country, the land that manufactured housing communities sit on is becoming more valuable, and owners may be interested in selling to developers for apartments and condominiums. Residents, especially retirees, are concerned that rents may increase beyond their affordability. Several …
Resident Ownership of Communities Protects from Developers Read More
HousingWire.com reports February sales of new homes was well below what several analysts anticipated, falling 17% from January. According to the Census Bureau and HUD, sales were especially down in the northeast, decreasing 57 percent. Although the Mortgage Bankers Association (MBA) saw mortgage applications rise 2.7 percent for last week, …
New Home Sales Fell Last Month to Lowest Recorded Level Read More
North County Now in New York reports that the Akwesasne Mohawk Indian Reservation has been home to General Fine Homes since 1993 when George and Rowena General began selling log homes. Modular and manufactured homes were later added, with customers in France, Canada and throughout the state, but their Native …
Loan to Native Americans to Spur Growth on Reservation Read More
StockMarketsReview.com says with the cost of gasoline, food and other commodities going up, inflation is just around the corner. But inflation is a positive sign for manufactured housing communities because it’s an inexpensive housing option, and many of the residents are employed in service-related industries that are somewhat inflation protected. …
Reflecting the continuing crisis in Japan and rising turmoil in the Middle East, the Dow closed down .15 percent, but remained above the twelve hundred mark to end the day at 12018.63. Nobility Homes gained .83 percent, Cavco lost 1.36 percent and Skyline Corp was down .46 percent. Deer Valley …
The Register-Guard of Oregon reports the Manufactured Housing/Oregon State Tenants Association (OSTA), primarily an advocacy group for residents of manufactured housing, has set its sights on helping disadvantaged students in public schools with meals, supplies, and support. Each community across the state has been asked to adopt a school and …
Non-Profit Organizing MH Communities to Help Students Read More
CNNMoney.com reports that during the housing boom, adjustable-rate mortgages (ARMs) comprised 70% of the housing market, but currently make up only five percent. Freddie Mac says it will be 10 percent by December. Now they are a bargain at 3.5 percent, while conventional 30-year fixed- rate mortgages are at five …
HousingWire.com reports Elizabeth Warren telling the Independent Community Bankers Association that the new Consumer Financial Protection Bureau (CFPB) will reduce regulatory costs for smaller financial institutions. Warren, the builder of the CFPB and likely first director, said the first order of business will be to combine the Trust in Lending …
CFPB Set to Support Smaller Financial Institutions Read More
As reported in The Vancouver Sun, following the tragedy in Japan, British Columbia businesses that assisted in Indonesia following the tsunami in 2004 have similarly offered their assistance to Japan, but have yet to hear back. Britco, a BC manufacturer of modular homes and buildings, supplied 500 modular homes through …
HousingWire.com says legislation that gives a homeowner the opportunity to go through a foreclosure mediation process before the default judgment is issued, passed out of the Connecticut Assembly’s banks committee. The homeowner would be given sufficient time to seek mediation assistance. Meanwhile, a bill introduced in Congress would provide HUD …
Foreclosure Mediation Assistance in Connecticut and Congress Read More
Danbury Patch of Connecticut says Housatonic Habitat for Humanity in Danbury has the approval of the Planning Commission for five modular condos, the first time Housatonic has used modular methods. The project will be completed in 2011, and will cost less than conventional building. Habitat requires new owners to contribute …
As the nuclear crisis in Japan comes under more control, the Dow gained 178 points to top the twelve thousand mark and close at 12,036.53. Cavco gained 3.69 percent, and Skyline Corp. was up 2.70 percent. Nobility Homes and Deer Valley were unchanged. The Manufactured Housing Composite gained 2.98 percent …
Dow, Most Housing Stocks Advance for Third Day in a Row Read More
Indedpendentmail.com in Anderson, South Carolina, reports that the town of Seneca SC, in conjunction with Habitat for Humanity, installed two modular homes as part of a subdivision that will include 12 homes when the project is completed. The city installed the utility infrastructure for water and electricity. Each home will …
Habitat for Humanity Building Modular Subdivision in SC Read More
The East Dubuque Register reports that effective Jan.1 of this year, the Illinois legislature has changed the method for taxing manufactured homes. If you remain in a licensed manufactured home community, you will continue to be taxed based on the square footage and the age of your home according to …
Illinois Law Penalizes for Moving Manufactured Home Read More
Jerry Rouleau, 62, involved in the housing industry as an advocate, speaker, consultant, author, and builder for decades, died after a battle with cancer in Hartford, Connecticut, March 15. An active member of the National Association of Home Builders (NAHB), he spoke often at their International Builder Shows. In addition, …
Longtime Home Building Advocate Dies after Battling Cancer Read More
Chicago, IL. Allegations circulated by email claimed a second Capital First Realty property, Sunset Village in Glenview, IL, may be closed as a manufactured home community. The email from an unidentified source alleged that letters were issued from the bankruptcy court to residents, giving them one year to vacate. While …
Capital First Realty Denies New Rumor about Second LL Community Read More
