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.
ShoreNewsToday.com reports that construction permits for new homes in Avalon, New Jersey, increased from 534 in 2009 to 591 in 2010. Borough construction official John Tracy said, “Modular homes are catching on. Ten permits were given for modular homes in 2010. This year, there are already 14.” Some question the […]
Modular Homes Going Up Near Beachfront Read More
Chicago, IL. Allegations have been circulating by email that Sterling Estates in Justice, IL will be closed as a manufactured housing community. The email alleges that letters have gone out from the bankruptcy court to residents, giving them 1 year to vacate. The email further alleges that residents were also
Capital First Realty Denies Rumors Read More
The Dow closed up for the second day in a row as a cease-fire in Libya began, but tempered by the turmoil in Japan. It gained 83.93 points to close at 11858.82. Housing stocks also closed up or even. Skyline Corp. was up 5.66 percent and Cavco gained 3.88 percent.
Dow Closes Up Friday, Down for Week Read More
The Tennessean reports that Lloyd D. Link passed away March 15, 2011 in Nashville, Tennessee. He was an entrepreneur involved in auto racing, manufacturing electrical safety equipment for punch presses, and installing safety equipment in factories. He also founded a real estate company and was an early developer of modular
Early Modular Home Developer Dies Read More
As reported in California’s St. Helena Star, the St. Helena City Council will meet March 22 to hear a presentation by Silver Crest Homes concerning modular homes and the city’s contribution to affordable housing. Also on the agenda is the status of the Affordable Housing Committee.
California City Council Considers Affordable Modular Housing Read More
RealEstateRama reports that the Manufactured Housing Institute’s (MHI) annual Legislative Conference in the nation’s capitol resulted in 20 percent more meetings with Members of Congress and staff than last year. Said Thayer Long, executive vice-president of MHI, “The message to Congress is simple. For the past two decades manufactured housing
MHI Annual Conference Attendees Lobby Congress Read More
Following up on a post from Feb. 21 from TheTandD.com, of Orangeburg, South Carolina, the Cope Town Council approved a final ruling to ban future locations of manufactured housing within the town limits. Current homes will be grandfathered in. A manufactured home sitting on property that is sold will be given
Final Ordinance Bans Manufactured Homes from Town Read More
Following up on a post from March 17, Bed-StyPatch.com reports that New York City unions are infuriated over developer Forest City Ratner’s plan for a steel modular building in Brooklyn’s Atlantic Yards. The company says modular construction could cut their costs in half for the 34-story project, the tallest modular
New York Unions Torched Over Proposed Modular Steel Tower Read More
The Dow experienced its first gain after three days of losses, rising 161.29 points, or 1.4 percent, to 11,774.59. Nobility Homes gained 6.09 percent, Cavco closed up 2.01 percent and Skyline Corp. ended the day up .68 percent. Deer Valley was unchanged. The Manufactured Housing Composite went back above the
First Gain after Three Days of Losses Read More
CKNW980AM radio in Vancouver, British Columbia, Canada, reports the city is installing a series of modular units on the east side of downtown to provide homes for homeless people. Vision Vancouver Councilor Kerry Jang said this may be an inexpensive way to continue to address homelessness in Vancouver. The homes
Vancouver Providing Homeless with Modular Units Read More
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
