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.
The Associated Press reports that companies that manufactured homes for the Federal Emergency Management Agency (FEMA) after Hurricane Katrina have agreed to pay $2.6 million to resolve thousands of claims that the shelters exposed Gulf Coast storm victims to potentially dangerous fumes from formaldehyde. The chemical, commonly found in building materials, […]
Settlement Reached on Issues with Formaldehyde in FEMA Homes Read More
From Dash.com comes an editorial item conveying that traditional building methods must make room for more cost-effective and sustainable designs if the UK’s growing housing crisis is to be alleviated. Currently, construction rates are around 80,000 new homes below the level required to meet population growth and tackle affordability and
Modular Seen as Solution to UK’s Housing Crunch Read More
Stocks were in for a correction last week but managed to end on an up note. The Dow rose 47 points on Friday. Most manufactured housing stocks were little changed. One exception was All American Group, which rose 13 percent to close at .25 cents a share. The Manufactured Housing
Dow Ends Week on an Up Note Read More
The global market for polymeric foams is projected to reach 18 million metric tons by the year 2015 according to Global Industry Analysts. Growth in the market is led by the unique benefits offered by cellular materials compared to conventional materials, introduction of new application markets, and growing interest in
Global Polymeric Foams Market to Reach 18 Million Metric Tons by 2015 Read More
CBSDFW.COM reports on manufactured home owners in Grapevine, Texas upset with the city over requests to bring additions up to code. Resident Phillip McNeal built an addition 20 years ago for his son and was asked recently by the city to see some paperwork for it. Several other residents of
Texas Homeowners at Odds Over Additions Read More
Unlike the manufactured housing industry in the United States, the market for manufactured homes in Canada remains rather prosperous by comparison. A Canadian Manufactured Housing Institute (CMHI) report for the 3rd quarter of 2010 shows some 3,608 factory-built single-family homes were started in the third quarter, representing a 17 percent
A Report from the Great Green North Read More
Drew Industries, a manufacturer of components for the recreational vehicle and manufactured housing industries, announced its January 11th Retail Investor Conferences.com presentation is available for on-demand viewing. Fred Zinn, Drew’s President and CEO, and Joseph Giordano III, Drew’s CFO and Treasurer presented to retail investors through the virtual investor conference
Drew Industries Conference Available Online Read More
The Massachusetts Manufactured Housing Association shares news that Governor Deval Patrick signed into law on November 17 a new law exempting sheds less than 120 square feet in a manufactured housing community from taxation. The bill was championed by a resident of Cranberry Village manufactured housing community. Carver may not
Massachusetts Ends Shed Tax Read More
From Colorado, the Wet Mountain Tribune reports that the town of Silver Cliff saw an uptick in building and zoning permits issued in 2010. A total of 29 permits were issued in Silver Cliff last year as compared to 20 in 2009 and three of the 29 involved factory-built housing.
Colorado Town Logs Manufactured Home Permits Read More
If there’s a word for the week on Wall Street, correction might be it. While by mid-afternoon it looked as if the Dow would actually close higher, by the bell it was down two points – essentially ending the day flat. Most manufactured housing and related stocks again ended the
‘Correction’ is the Word of the Week Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) sent out a bulletin indicating an Executive Order regarding federal regulation issued by the White House on over-regulation marks a major policy and has implications for manufactured housing as a federally-regulated industry. “In fact,” the bulletin states, “it appears this Order almost
MHARR Uses Executive Order to Press HUD on In-Plant Regulation Read More
Manufactured Housing Institute (MHI) industry members participated in a high-level briefing on Capitol Hill today focused on high energy performance in manufactured and modular homes. Emanuel Levy, Systems Building Research Alliance, and Kevin Clayton, Clayton Homes, Inc., presented to a standing-room-only audience. The briefing addressed “manufactured” housing, built in a
MHI Briefs Congress on Finance and Energy Issues Read More
Forex reports there were a record low number of housing completions in 2010, breaking the record set in 2009. The company says the total for single family, multi-family and manufactured homes (estimated) was 703 thousand units in 2010. That is about 17 percent below the 844 units completed in 2009
2010 Had Record Low Housing Completions Read More
Freddie Mac released the results of its Primary Mortgage Market Survey finding mixed results for both long- and short-term rates, with the 30-year rising slightly and the 15-year falling just as slightly. The 30-year fixed-rate mortgage (FRM) averaged 4.74 percent with an average 0.8 point for the week ending January
Tame Inflation Figures Leave Mortgage Rates Mixed Read More
The National Association of Realtors (NAR) reported Thursday that existing home sales rose sharply in December, when sales increased for the fifth time in the past six months. Existing home sales rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70
December Home Sales Jump Read More
Stocks closed modestly lower mid-week and manufactured housing and related stocks were also trading lower. Skyline Corporation and Universal Forest Products were off more than four percent. Cavco’s loss exceeded three percent. Barnes Group, All American Group and Drew Industries were each off more than two percent. The Manufactured Housing
Stocks End Hump Day Down Read More
The Texas Department of Housing and Community Affairs (TDHCA) has released $45 million in mortgage credit certificate authority through its Texas Mortgage Credit Program, a homebuyer program that makes homeownership more affordable by providing a dollar for dollar reduction of a borrower’s tax liability, not to exceed $2,000 annually. The
Texas Releases Funding to Provide Mortgage Credits Read More
A factory-built home owner in Martinsville, Virginia was highlighted this week in the Martinsville Bulletin for something he didn’t have, a high electric bill. A photo provided with the article shows Danny Clifton holding up his most recent electric bill, which totals $36.46, from Appalachian Power Co. Clifton attributes his
Factory-built Home Owner has Lowest Electric Bill in County Read More
The Daily Item in Selinsgrove, Pennsylvania ran a story providing some insight into the purchase of a former Penn Lyon home plant by Maryland-based Haven Custom Homes. The article indicates the 40-year-old Haven Homes will make a new line called “Classic Homes by Haven” in the Penn Lyon plant. It
Re-Opening PA Plant to build Classic Line Read More
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending January 14, finding mortgage loan application volume increased five percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.4 percent compared with the previous week. MBA
Mortgage Application Activity Rises Read More
