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.
As a follow-up to a story posted here on March 24 about steel shipping containers transformed into homes by a New York firm, The Providence Journal reports a consortium of government, academia and business elements are combining forces to convert old shipping containers into homes, much like a modular unit. […]
Collaboration Converting Shipping Containers into Homes Read More
HousingWire reports that in the first two months of this year, Freddie Mac completed just over 23,000 loan modifications. The seriously delinquent rate of single-family mortgages fell to 3.78 percent in February from 3.82 percent in January. Last year, delinquencies were growing. Freddie’s single-family, refinance-loan purchase and guarantee volume dropped
Freddie Mac Says Single-family Delinquencies Decline Read More
BusinessWire reports that three of the Modular Building Institute’s (MBI) annual World of Modular Conference Achievements of Distinction went to modular builder M Space. Receiving what is considered the top honor in the commercial modular industry, M Space took first place for their two-story New York Federal Aeronautics Administration (FAA)
Modular Building Institute Honors M Space Read More
The Winnipeg Free Press says a Canadian company that has shipped nearly 12,000 manufactured homes to Japan in the past ten years, will send 200 temporary shelters within the next two weeks. Viceroy Homes, Ltd. is building a basic structure with a bedroom, kitchen and bathroom that normally sells for
Canadian MH Builder Expects Japanese Orders to Spur Business Read More
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
