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.
If the residential finance market is fully privatized as outlined in the Obama Administration’s white paper, Walker & Dunlop’s CEO Willy Walker says lenders will loan only to top borrowers. This will shut down at least 20% of subprime borrowers, moving them to rental markets. “For multifamily, that is clearly […]
Real Estate Conference Predicts Multifamily to Grow Read More
Bloomberg.com reports excerpts from billionaire investor Warren Buffett’s annual letter to Berkshire Hathaway Inc. shareholders Saturday. On the topic of home buying, Buffet urged the policymakers who are getting ready to overhaul the nation’s home loan policies to consider the example of Berkshire’s manufactured home unit, Clayton Homes, which also
Warren Buffet Addresses Home Ownership in Annual Letter Read More
Despite oil prices surging more than 9 percent in one week, the Dow closed up just over one-half point at 12,130.45. Skyline Corp finished up 8.61 percent, and Cavco gained 2.97 percent. Nobility dropped .25 percent, and Deer Valley lost 32.69 percent. The Manufactured Housing Composite gained 3.25 percent to
Week Ends with Another Mixed Day Read More
The Department of Justice revised a regulation for Title III of the Americans with Disabilities Act (ADA) that covers public accommodations. As reported in the Manufactured Housing Institute’s (MHI) Week In Review for Feb. 25, the revision refers to accessibility for swimming pools. If it is for the exclusive use
As Swimsuit Season Approaches, ADA Issue Looms on MHI Radar Read More
According to IowaPolitics.com, a bill introduced in the Iowa State Senate would provide more rights for residents of manufactured homes, and make their overall dealings with community owners more transparent. Iowa Legal Aid testified to having received 500 inquiries from residents between January 2008 and October 2010. Senator Tom Courtney
Legislation To Better Protect Home Owners Read More
Two factory-built housing communities in Broward County, Florida, may be in the high decibel path of a new jet runway proposed for the Fort Lauderdale/Hollywood International Airport. They are not in the physical path, but the county nevertheless wants the land. Some residents have invested thousands of dollars enlarging and
Jet Runway Proposed Near Two Factory-built Housing Communities Read More
From Globe Street.com, a Real Capital Analytics report says the value of distressed commercial real estate declined from $191.5 billion in October 2010 to $175.3 billion currently, the lowest level since June 2010. This year could prove telling for those stressed properties, ones with short-term problems, like notes coming mature,
Value of Distressed Commercial Properties Falls Read More
According to HousingWire.com, from an ongoing probe into alleged mortgage abuse tactics, Rep. Elijah Cummings (D-MD) sent letters to 11 well-known mortgage servicers, asking for documents that may support allegations by home buyers of fraud in lending, wrongful foreclosures, and robo-signing practices. A member of the House Oversight Committee, he
Congressman Seeks Documents Pinpointing Mortgage Abuse Read More
The Dow ended the day down 0.31 percent to close at 12,068.50. Skyline Corporation gained 1.03 percent, Cavco closed down 0.46 percent, Nobility and Deer Valley were unchanged. The Manufactured Housing Composite lost 0.13 percent to close at 1096.02.
Mixed Day on Wall Street Read More
Following the earthquake Tuesday that devastated Christchurch, New Zealand, Housing Minister Phil Heatley said temporary housing needs to be provided for people whose homes were destroyed. Sites will be chosen where electrical service can be established that are also suitable for modular homes. Earthquake Recovery Minister Gerry Brownlee feels certain
New Zealand Bringing in Modular Homes for Quake Homeless Read More
Pat Bell will leave British Columbia, Canada, for China in about a month to attend a Green Building exhibition showcasing a three-story modular apartment block shipped over from BC. 250 News reports that Bell, the Minister of Forests, Lands, and Mines says it will be assembled at the Beijing show
Modular Apartment Going to China Show Read More
The Mortgage Bankers Association (MBA) National Mortgage Servicing Conference & Expo in Grapevine, Texas, was all about being exacting, thorough and helpful to borrowers. A word of caution went out to lawyers who were told they may become targets of lawsuits as contested foreclosure litigation is increasing. Mortgage servicers were
Mortgage Servicing Conference Encourages Improvement Read More
If you are interested in who is supplying the U.S. Army with modular housing, or the strength of the market in Hungary for prefabricated housing, ReportLinker has the answers. According to SYS.CON Media, this global strategic business report provides all encompassing industry reports, company profiles and market statistics for the
ReportLinker Spans the Global Prefab Market Read More
The Dow dropped 107.01 points to 12,105.78 on news of continued unrest in Libya as oil prices rose for the second straight day. The Manufactured Housing Composite inched up 0.18 percent to 1098.80. Skyline dropped 2.78 percent, Cavco gained 1.44 percent, and Nobility Homes and Deer Valley remained unchanged.
Stocks Plummet as Oil Prices Rise Again Read More
The Corporation for Enterprise Development (CFED), a Washington, D.C.-based nonprofit, collaborates with Neighbor Works in their I’M HOME (Innovations in Manufactured Homes) program, which supports a wide range of sustainable, affordable housing. Realizing the need to change the framework that separates manufactured housing from stick-built, and to open doors to
Nonprofit Seeks to Alter Landscape of Affordable Manufactured Housing Read More
For the first time in seven months, the monthly sales of existing homes were higher than the year before, reports the National Association of Realtors (NAR). Sales in January were up 2.7 percent over December to an annual rate of 5.36 million, and 5.3 percent better than January 2010, according
Sales of Existing Homes Up, but Median Price Falls Read More
From the Philippines comes word that Solid Group Inc. has been authorized by its board to spend P20 million [c. $457,404.00] to import equipment to manufacture modular homes for a pilot project. According to BusinessWorld Online, this electronics producer, distributor and maker of MyPhone, which also is in real estate, made
Manila Firm Set to Produce Modular Homes Read More
Old Dominion University and Hampton University in Norfolk, Virginia, have joined forces to compete in the international Solar Decathlon, a competition to design and build a totally green modular home from scratch. Funded in part by donations from alumni and contractors, the 30 students will be up against 19 other
Two Virginia Schools in International Competition to Build Modular Home Read More
As of Dec. 31, the Mortgage Bankers Association (MBA) reports the rate of mortgage borrowers past due one payment was at 8.22 percent, the lowest rate since the end of 2007. This quarterly National Delinquency Survey also noted that homes repossessed by their banks hit the lowest rate since late
Missed Payments and Repossessions Ease in Mortgage Crisis Read More
HousingWire reports that tech-provider Decision Ready has developed a checklist for default servicing professionals who are foreclosing on properties to increase compliance with state and federal regulations. As the housing industry braces for more foreclosures this year, the Irvine, California-based company has a tool to help streamline the process while
Checklist to Insure Foreclosure Compliance Read More
