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.
Legislation introduced in the Iowa Senate Feb. 17 makes changes to existing laws regarding the sale and subsequent occupancy of manufactured homes in rental communities. The proposal deals with disclosure of title and tax assessment information by the seller, liens and mortgages encumbered by ownership, interest rates, abandoned homes, late …
Proposed Iowa Bill Covers Manufactured Home Rentals Read More
The Dow rose 73.11 points to close at 12,391.25, a two-year high. Skyline was down 3.87 percent, Cavco lost 1.18 percent and Nobility Homes was down .87 percent. The Manufactured Housing Composite lost 2.03 percent.
The Johnson County Health Department in Iowa City, Iowa, has denied the Regency Mobile Home Park’s appeal to charges it is not responsible for 28 abandoned manufactured homes that pose a health and safety risk. While agreeing that the homes need to be disposed of, Regency claims the responsibility for …
MH Community Charged with Responsibility for Abandoned Homes Read More
The Asheville (NC) City Development Plan 2025 identified 12 economic development priorities, and number one is building affordable housing within the city, that will also provide 150 jobs. Seeking to lessen the land disturbance and overall environmental impact, the Caledonia Apartments will be modular units with Energy Star rating, employ …
As foreclosures continue to extend the housing crisis, putting more people into rentals, rental vacancy has dropped, and with building costs holding steady, more apartments are being built to meet the demand. Multifamily housing starts in January, including apartments and townhouses, ramped up 78 percent over the previous month, the …
In noting the unprecedented scope and potential long-range effects of the Dodd-Frank Act, several Republican lawmakers have sent a letter to federal regulators asking for 60 days for meaningful public debate and intense scrutiny. According to HousingWire, some members of the business community have already objected to parts of the …
Stocks added 29 points–about a 20th of one percent–Thursday despite disappointing news on the employment picture. Most manufactured housing and related stocks stayed within one percentage point of Wednesday’s close. The Manufactured Housing Composite Value lost about what the Dow gained, one 20th of one percent.
From Maryland, the Dagger Press reports that Northern Harford County Senator Barry Glassman is attempting to assist the Harford Countians who applied for building permits prior to January 1, 2011 for construction of modular homes to be placed in Harford County. Several Harford County families applied prior to the January …
From Texas, the Grapevine Courier reports that residents of older mobile homes are protesting a code crackdown of sorts. Residents of the Trailwood Mobile Home Estates told the reporter the city is threatening them with code violations in an attempt to shut down the community. City Community Services Director Scott …
From Long Island, Hamptons.com reports that Assemblyman Fred W. Thiele, Jr., Assemblyman Dan Losquadro and State Senator Kenneth P. LaValle have introduced New York state legislation to allow manufactured home community tenants to challenge rent increases. The report indicates some manufactured home owners are seeing rent increases of as much as …
Legislators Want to Help MH Owners Fight Rent Increases Read More
Freddie Mac reports the results of its Primary Mortgage Market Survey show a drop in long-term fixed rates this week. 30-year fixed-rate mortgage averaged 5.0 percent with an average 0.7 point for the week ending February 17, 2011, down from last week when it averaged 5.05 percent. Last year at …
The Tulsa Beacon reports Oklahoma state Rep. Pat Ownbey announced the Manufactured Housing Association of Oklahoma Board of Directors’ acceptance of his recommendation to help provide sample emergency plans for manufactured home communities to prevent deaths in the event of a tornado or other disaster. The Manufactured Housing Association of …
Oklahoma Communities to Receive Sample Emergency Plan Read More
From Canada, Global Saskatoon featured a story on a home that was built locally in just six hours. A photo accompanying the article showed a modular home being lowered onto its foundation. The report indicates the home is made with pre-fabricated Structural Insulated Panels rather than traditional wooden studs, which …
Wall Street spent hump day higher, adding more than 60 points to close at 12,288. Gainers in the manufactured housing arena include Cavco and Skyline Corporation, each adding some five percent for shareholders. Walker & Dunlop and Drew Industries also closed higher. The Manufactured Housing Composite Value closed higher by …
T.J.T., Inc., a major supplier of axles, tires and set-up supplies to the manufactured housing industry, announced a net loss Tuesday of $286,000 in its first quarter of fiscal 2011. Net sales decreased 27 percent in the first quarter of fiscal 2011 as compared to the same period in 2010. …
T.J.T., Inc. Reports Results for First Quarter Of Fiscal 2011 Read More
Warren Buffett was at the White House Wednesday, receiving the Presidential Medal of Freedom. According to CNBC, President Obama praised Buffett for demonstrating that “integrity isn’t just a good trait – it is good for business.” Buffet was also recognized for “devoting the vast majority of his wealth to those …
From Michigan, the Daily Press and Argus reports that a federal lawsuit has been dismissed in which more than 50 residents claimed Green Oak Township unlawfully restricts and removes older mobile homes in a manufactured home community there. According to the report, last March, residents of Woodland Ridge manufactured home …
From Iowa, the Press-Citizen reports that new legislation addresses abuses tied to sales and living conditions in the state’s oldest manufactured homes reported in a Des Moines Register investigative series over the past year. The report indicates key provisions of the bill include sweeping changes in how much information community …
Iowa Bill Would Give MH Owners Additional Protections Read More
Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department Wednesday. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual …
Multifamily Construction Boosts Housing Starts in January Read More
Residents of Park Plaza Estates in Fridley, Minnesota now own and control their 90-home manufactured home community. The homeowners came together, formed a cooperative and purchased their community from the previous investor ownership entity. This group of homeowners will join the other 1,000-plus resident-owned communities across the United States. Of …
Minnesota Adds Resident-owned Manufactured Home Community Read More
