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 U.S. Department of Housing and Urban Development (HUD) issued a press release announcing the six finalists that will compete for the $61 million Implementation Grant funding through the new Choice Neighborhoods Initiative (CNI). Boston, New Orleans, Seattle, Tampa, San Francisco and Chicago submitted plans to tackle affordable housing, employment, […]
HUD Announces Finalists for Choice Neighborhoods Initiative Read More
The Mount Vernon Gazette reports from Virginia that a long-awaited plan for affordable housing on North Hill will be coming to a final vote June 21 before the Fairfax County Board of Supervisors. The board first has to approve the $13 million bond issue to develop the infrastructure for the
New MH Community Coming to Virginia Read More
The Dow climbed 84.54 points to end the trading day at 12170.56. Most housing stocks also advanced on the day. Nobility Homes gained 5.57 percent, Skyline Corp. was up 3.65 percent and Cavco moved up 1.59 percent. Deer Valley was again unchanged. The Manufactured Housing Composite climbed 2.47 percent to
Dow and Most Housing Stocks Gain for the Day Read More
American Banking and Market News says ATCO Structures and Logistics has received a contract to provide modular housing, dining and recreational facilities for a 1,500 person workforce for Rio Tinto Alcan, Inc.’s smelter modernization project in Kitimat, BC. The modular units, designed to withstand extreme cold and snow, will be
Canadian Smelter Modernization to Receive ATCO’s Modular Units Read More
According to MarketWire.com, Calgary, Alberta-based Black Diamond Group will provide modular housing for the third phase of an upscale workforce housing complex for a mineral and exploration project. The second phase is nearly complete for this facility in North Central British Columbia, south of the Yukon Territory. Upon completion of
Black Diamond Providing Modular Units for Mineral Exploration Read More
The New York Post reports the newest look on the beaches in the Tony Hamptons East End is housing made from steel shipping containers. Not terribly different from modular homes, the containers are sent to a facility in Pennsylvania for repurposing, and then sent on to their final destination. The
Magic Wand Turns Shipping Crates into Snappy Homes Read More
According to SaveMyMortgageInterestDeduction, in the face of a possible attempt by Congress to eliminate the mortgage interest deduction (MID) as a means of budget cutting, Rep. Gary Miller (R.-CA) has introduced legislation to retain the deduction. The mortgage interest deduction allows taxpayers to deduct the mortgage interest from their income.
NAHB Supports Keeping the Mortgage Interest Deduction Read More
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
California Reflective of Tight Housing Market Read More
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.
Dow Inches Up and Housing Stocks Inch Down Read More
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
RiverStone Inn Adding 40 Modular Guest Rooms Read More
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.
Who Will Rejoice if Inflation Increases? Read More
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
Markets Drop Slightly Read More
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
ARMs Are Slowly Returning Read More
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
Canadian Builders Offering Assistance to Japan Read More
