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.
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 […]
House Votes to End NSP Read More
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
Sluggish Economy May Be Due to Frigid Winter Read More
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.
Japan Fears Trigger Stocks Dive Read More
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
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
HAMP Program Not Yet Terminal Read More
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
Wisconsin’s Double Taxation Needs to Change Read More
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.
Investors on Edge about Japan’s Nuclear Crisis Read More
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
District Court Judge’s Office Going Modular Read More
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,
Modular Design Firm Has New CEO Read More
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
Rising Expectations for NAHB Read More
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.
Dow Drops Slightly, Most Housing Stocks Remain Unmoved Read More
