Manufactured and Modular Housing News

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.

Stocks Post Modest Gains Ahead of Tax Vote

The Dow closed up 18 points—one sixteenth of one percent— Monday, but had been up as much as 50 point earlier in the day. The Manufactured Housing Composite Value once again rose more than the Dow with a 3.63 percent gain. Helping to bring those averages up was Skyline Corporation, …

Stocks Post Modest Gains Ahead of Tax Vote Read More

MHARR Outlines “Disastrous” Consequences in Letter to HUD

The Manufactured Housing Association for Regulatory Reform (MHARR) says the past decade has seen the Department of Housing and Urban Development (HUD) and its manufactured housing program ignore, evade or circumvent both the broad transformative purposes of the Manufactured Housing Improvement Act of 2000.  This has had a devastating impact …

MHARR Outlines “Disastrous” Consequences in Letter to HUD Read More

MH Shipments Down 15.7 Percent from October 2009

The Manufactured Housing Institute’s actual shipments report indicates that 3,841 new HUD Code homes were shipped in October 2010, down 15.7 percent from October 2009. Decreases were across the board with shipments of both single-section and multi-section homes down compared with the same month last year. Compared with 2009, manufactured …

MH Shipments Down 15.7 Percent from October 2009 Read More

MHI Urges Congress to Enact Middle Class Tax Cut Bill

Last week, President Obama announced that the Administration and congressional Republicans had arrived at a “bipartisan agreement” to extend Bush-era tax cuts for two years, jobless benefits for 13 months, and other tax incentives to support business expansion. The Manufactured Housing Institute reports the compromise measure includes an extension of …

MHI Urges Congress to Enact Middle Class Tax Cut Bill Read More

FEMA Announces Teleconference on National Disaster Housing Concept Paper

Also from the Manufactured Housing Institute Week in Review, FEMA’s National Disaster Housing Task Force has just published its Concept of Operations (CONOPS), which describes the Federal coordination of disaster housing assistance preparation in response and recovery. A public teleconference will be held on December 15 from 1:00 p.m. to …

FEMA Announces Teleconference on National Disaster Housing Concept Paper Read More

Controversy Over Manufactured Homes Splits Town

From Alabama, AL.com reports that a town formed in 2009 to stave off annexation may be unraveling due to a controversy over manufactured homes. About five months ago, at the height of the Gulf Oil Spill, more than three dozen neighbors petitioned to secede from the town limits. The catalyst …

Controversy Over Manufactured Homes Splits Town Read More

Multifamily Index Shows Improvement

Serving as leading indicators for the sector, two composite multifamily indices produced from NAHB’s survey of multifamily builders and property managers showed improvement in the third quarter of 2010. The NAHB Multifamily Production Index (MPI) increased to a value of 35.6, up from the 26.6 level reported for the second …

Multifamily Index Shows Improvement Read More

Massachusetts Community Gets Reprieve from Shed Tax

From Massachusetts, Wicked Local Carver reports that some manufactured home owners there may be able to keep their sheds free of additional assessment. Residents of Cranberry Village were warned the town wanted to add the value of sheds and outbuildings to the community’s overall assessment. A petition lead to legislation, …

Massachusetts Community Gets Reprieve from Shed Tax Read More

Homeownership Still Popular, Renting on the Rise

A new study released today by Fannie Mae finds that most Americans — both those who currently own their homes and those who rent — strongly aspire to own a home and to maintain homeownership, despite ongoing turmoil in the housing market. However, demographic trends such as fewer married couples …

Homeownership Still Popular, Renting on the Rise Read More

Dodd-Frank Bill Could Create Additional Barriers to Financing

The Manufactured Housing Institute (MHI) held an information-providing webinar on Thursday concerning its top legislative priority in the coming year, the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law is considered the most comprehensive rewrite of rules governing banking and financial services in decades and is expected to …

Dodd-Frank Bill Could Create Additional Barriers to Financing Read More

Residential Home Value Loss Since Peak Exceeds Cost of 12 Iraq Wars

U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to analysis of recent Zillow Real Estate Market Reports. That brings the total value lost since the market peaked in June 2006 to …

Residential Home Value Loss Since Peak Exceeds Cost of 12 Iraq Wars Read More

Trouble With Properties in Wine Country Could be Solved with Manufactured Housing

From California, the Napa Valley Register reports that troubled rental properties there could be replaced with new manufactured homes. The report indicates the county is filing a petition with the Napa County Superior Court to have a third party temporarily take over rental homes at Cuttings Wharf, where officials have …

Trouble With Properties in Wine Country Could be Solved with Manufactured Housing Read More

Reports Indicate Champion Joining MHARR

It looks like Champion is joining the Manufactured Housing Association for Regulatory Reform (MHARR). Two independent, reliable sources have told MHMSM.com that Champion has applied to join the organization. According to its website, Champion is a leader in the manufactured housing industry and one of the largest modular homebuilders in …

Reports Indicate Champion Joining MHARR Read More

Bachus Announces Financial Services Leadership Team

By Office of Congressman Spencer Bachus Congressman Spencer Bachus (AL-6), Chairman-elect of the House Financial Services Committee, announced his appointments for committee leadership positions in the 112th Congress Thursday.  In addition to naming the vice chairman and subcommittee leaders, Bachus announced plans to modify subcommittee jurisdictions to promote a more …

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Stocks End Flat on Hump Day

Stocks closed up 13 points mid-week after staying close to the even mark all day. The Manufactured Housing Composite Value was off half of one percent. Some manufactured housing and related stocks suffered significant losses, on a percentage basis anyway. Global Diversified Industries was off more than 50 percent to …

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Scaling Down and Stepping Up Into a Manufactured Home Community

From the San Luis Obispo Tribune comes a story about scaling down and stepping up into a manufactured home. The article features retirees Saul and Carol Goldberg who downsized to Avila Beach’s San Luis Bay Estates, an upscale community of manufactured homes. Residents own their lots and a homeowners association …

Scaling Down and Stepping Up Into a Manufactured Home Community Read More

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