Presidents Day Observed
All U.S. Stock exchanges were closed Monday in honor of Presidents Day.
Manufactured and Modular Housing News
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.
MHI Says MHI-PAC Fundraiser for Senator Snowe a Success
On Wednesday, February 16th, MHI-PAC hosted a fundraiser for Senator Olympia Snowe (R-ME). Senator Snowe sits on the Finance, Commerce and Small Business Committees and is a major Industry friend. MHI extended particular thanks to Kevin Clayton, President of Clayton Homes, was among those who attended this successful fundraiser, which …
MHI Says MHI-PAC Fundraiser for Senator Snowe a Success Read More
Housing Program Funded to Rebuild Damage from Katrina
A grant from the state’s Neighborhood Home Program in Gautier, Mississippi will provide up to $75,000 to individuals in the Isle of Pines Mobile Home Park the opportunity to replace their antiquated factory-built homes damaged by Hurricane Katrina with new Mississippi Cottages, according to an article on GulfLive.com. Samantha Abell, …
Housing Program Funded to Rebuild Damage from Katrina Read More
Modular Home Company Closes Its Doors
KanBuild, Inc., of Osage City, Kansas has suspended operations effective immediately. The Kansas City Star reports the modular home builder cited the recession, harsh winter, and financing crunch for buyers as contributing to the cessation, which idled 78 employees. Spokesman Quentin Robert said he hopes to reopen in the spring …
The “Not in My Backyard” File
The Times and Democrat of Orangeburg, SC reports that new laws are being drawn up for the regulation of manufactured homes by the city council of Cope, SC. Existing homes will be grandfathered in, but no new ones will be permitted to be located within the town limits. Homes sitting …
New Modular Cabin at Calgary Home & Garden Show
Two brothers in Calgary, Alberta, Canada are turning heads with their approach to modular housing. After developing their single and multi-family homes, Kris and Kurt Goodjohn of Karoleena Homes turned their pursuits to cabins, and have recently come up with a 650-square foot eco-friendly recreational model, Karo Cabin. According to …
Countrywide Financial’s Former CEO Mozilo Walks
After two years of investigation, The New York Times reports the criminal charges against Angelo R. Mozilo, former CEO of Countrywide Financial, the one-time largest mortgage lender in the U.S., have been dropped by federal prosecutors. The Securities and Exchange Commission settled their suit against him last fall for $67.5 …
St. Louis Fills Urban Gaps with Modular Housing
Through a consortium of local, state, and community development organizations, the urban vacant lots that dot downtown St. Louis are beginning to be occupied by sustainable, affordable, modular homes built by Homeway Homes of Illinois. Featuring bamboo floors, Low-E Energy Star windows, high efficient HVAC and other aspects designed to …
Proposed Iowa Bill Covers Manufactured Home Rentals
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
Dow Rises as MH Stocks Fall
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.
MH Community Charged with Responsibility for Abandoned Homes
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
Modular Homes Fill Need in Asheville Housing Plan
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 …
Is Home Appreciation a Thing of the Past?
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 …
Senators Ask Regulators to Slow Down Dodd-Frank
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 …
A Ho-Hum Day on Wall Street
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.
Maryland Modulars Caught in Sprinkler Spat
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 …
Dallas Suburb Cracks Down on MH Additions
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 …
Legislators Want to Help MH Owners Fight Rent Increases
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
Fixed-rate Mortgage Rates Drop
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 …
Oklahoma Communities to Receive Sample Emergency Plan
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
