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 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
Sterling Homes Development Corporation, a Massachusetts-based custom home builder and renovator, has been recently providing modular homes in the Greater Boston area. Their exhibit space at the New England Home Show at the Seaport World Trade Center in Boston Feb. 24-27 will include a green modular home. According to PRNewswire,
Traditional Home Builder Displays Modular Model at Show Read More
Delaware seniors and those living on Social Security disability need to be wary of a new state law. It is Title 25, Property, Manufactured Home Communities, Chapter 7021A, Lot Rental Assistance Program. DelawareOnline says despite the name, it tends to benefit the lot owners, and could be used to raise
Delaware MHC Lot Rentals Could Rise for Seniors Read More
One of the largest owners of Manufactured Home Communities (MHC) in the nation, Hometown America Corporation of Chicago, purchased the 101-acre Suffolk County, New York, Thurm’s Estates community. Renamed Calverton Meadows by its new owner, the 328-lot community requires tenants to be 55 years and older. It is one of
Hometown America Acquires Large MHC in New York Read More
The executive director of the RV Hall of Fame in Elkhart, Indiana, says he is running out of funds to keep the facility open. According to WSBT-TV.com, Tom McNulty says a generous supporter died, which has led to the financial problems. He is hoping housing and RV manufacturers will help keep
RV/MH Hall of Fame in Financial Distress Read More
The unrest in Libya sent oil prices up, causing the Dow to drop 1.44 percent to close at 12,212.79. The Manufactured Housing Composite fell 4.15 percent to 1096.80. Cavco dropped 5.02 percent, and Skyline fell 4.17 percent. Nobility and Deer Valley were unchanged.
Middle East Unrest Causes DOW to Drop Read More
All U.S. Stock exchanges were closed Monday in honor of Presidents Day.
Presidents Day Observed Read More
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
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
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
Modular Home Company Closes Its Doors Read More
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
The “Not in My Backyard” File Read More
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
New Modular Cabin at Calgary Home & Garden Show Read More
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
Countrywide Financial’s Former CEO Mozilo Walks Read More
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
St. Louis Fills Urban Gaps with Modular Housing Read More
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
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.
Dow Rises as MH Stocks Fall Read More
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
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
Modular Homes Fill Need in Asheville Housing Plan Read More
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
Is Home Appreciation a Thing of the Past? Read More
