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.
From Washington State, the HeraldNet reports that residents of manufactured home communities in the city of Lynnwood are being reassured by a new law that requires community owners in the city to go through a rezone process before selling the land to be used for other purposes. The report indicates …
New Law Helps Prevent Community Closures in Washington Read More
The Huffington Post ran a column Monday by Minnesota Senator Al Franken on the topic of net neutrality. The concept favors a level playing field online for businesses large and small and small publishers like MHMSM.com and large media conglomerates. Franken says the draft regulations written by FCC Chairman Julius …
EarthTechling reports that a new California home by Utah-based Irontown Homes is expected to receive LEED Platinum certification, the U.S. Green Building Council’s highest eco rating. The Los Altos home designed by LivingHomes and architect Ray Kappe, may actually exceed USGB’s point requirements. The company cites a climate-controlled factory manufacturing process …
California Modular Could Exceed Requirements for LEED Platinum Read More
From Delaware, the Cape-Gazette reports that Sussex County officials have approved a series of amendments to ordinances regulating manufactured home communities. The county council voted unanimously December 14 in favor of amendments to better define emergency ramps and remove some restrictions on the replacement of accessory buildings, such as sheds. …
Delaware County Adopts Manufactured Housing Ordinances Read More
The Manufactured Housing Composite Value jumped more than ten percentage points Friday as the Dow ended the day seven points lower. Leading the way was Skyline Corporation, ending the day more than 14 percent higher and closing at $27.50 a share. Deer Valley Corp. was up ten percent for the …
From California, the Lookout News reports that the Santa Monica City Council approved new funding to help residents of Santa Monica’s oldest mobile home community upgrade to new manufactured homes. The financing program for new manufactured homes at Mountain View Mobile Home Park will facilitate the purchase of a maximum …
A new feature on Google being called the Books Ngram Viewer provides a historical reference to any terms used frequently enough to show on its charts. The books searched go back to the 1500s. About 72 percent of the books included were written in English. For instance, the charts show …
A new Fannie Mae study may provide insight into the future buyers of manufactured homes. Fannie Mae released the second installment of its 2010 Own-Rent Analysis finding the U.S. population is projected to grow by nearly 130 million people over the next 40 years and much of this growth will …
The Dow spent most of the day in the green and ended with a third percent gain of 41 points. The Manufactured Housing Composite Value gained more that one percent. Big gainers included previously mentioned UMH Properties, up more than four percent, as well as Barnes Group and Cavco, each …
UMH Properties announced that on December 15, it closed on the acquisition of five manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000. With this closing, UMH owns 35 communities containing approximately 8,000 sites. UMH says these all-age family communities total 824 sites situated on 215 …
UMH Properties Closes On Five PA Manufactured Home Communities Read More
CNBC reports Berkshire Hathaway is issuing $500 million of new notes to refinance a mortgage-lending unit. Berkshire uses the money to finance mortgages for people who buy homes from its manufactured homes unit, Clayton Homes. The report indicates investors can buy the bonds in thousand-dollar increments, with a minimum purchase …
Connexion Technologies recently partnered with The Hope Center, a non-profit serving Gwinnett Estates, a manufactured home community in Loganville, Georgia. Connexion Technologies donated 12 laptops as well as high speed Internet service for the center. The Hope Center is a community outreach ministry of Graystone Church at the Gwinnett Estates. This …
Connexion Creates Technology Center for Manufactured Home Community Read More
The Commerce Department’s U.S. Census Bureau released data on new residential construction in November 2010. Permits for new housing units declined four percent in November, compared with private-sector expectations of a moderate 1.4 percent rise. Housing starts increased 3.9 percent, below private-sector expectations of a 6.0 percent increase. However, with …
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 …
Mortgage Applications Decrease in Latest MBA Weekly Survey Read More
Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Wednesday. “Builders are bracing themselves for a slow holiday season as a number of factors continue to …
ChinaDaily reports that an egg home that made its way through the annals of the internet is now gone from its parking space. The 6-square-meter mobile “egg home” that was built by its 24-year-old owner as a personal solution to the city’s sky-high rents may have been a tool in …
The Dow was up most of the day, but finished the day 19 points in the red. While the Manufactured Housing Composite Value was also off, several stocks in the category performed well. Axle maker TJT Inc was up 13 percent, All American Group was up nearly four percent and …
U.S. Rep. Joe Donnelly’s name is being tossed around as a potential candidate for Indiana Governor in light of retiring Sen. Evan Bayh’s announcement that he won’t run for the office. According to the South Bend Tribune, his recent Republican opponent, Jackie Walorski is also hinting at a possible rematch …
Walker & Dunlop, Inc. announced Wednesday the pricing of its initial public offering of 10,000,000 shares of common stock at $10.00 per share. Established in 1937, Walker & Dunlop is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on …
Walker & Dunlop Announces the Pricing of Its Initial Public Offering Read More
Yesterday we reported on a story from WAFB in Port Allen, in Port Allen, Louisiana that used the terms manufactured, mobile and trailer interchangeably. We were able to reach Port Allen Fire Chief Rick Boudreaux by phone Wednesday. While he couldn’t confirm the year the home at the Dudes Trailer …
