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.
Channel WAFB in Louisiana ran a story Tuesday titled Flames destroy manufactured home in minutes. We asked an expert, who says visual evidence from the photo suggests this is a pre-HUD Code mobile home, not a manufactured home built to the federal safety standards established by the HUD Code. Thus …
Scorched Louisiana Home Likely Misidentified as Manufactured Read More
From California, the Santa Monica Daily Press reports the City Council there is set to approve $9.2 million for a new manufactured home financing program. A maximum of 54 manufactured homes at the Mountain View Mobile Home Park, which can accommodate 105 homes, would be eligible for purchase under the …
BostonSF.com reports that Westchester Modular Homes of Greater Boston recently announced its plans to build a new, state-of-the-art showroom and sales center along the highly-traveled Route 1 in Saugus, MA, designed to introduce modular home construction to the North Shore and beyond. The new building is expected to be completed …
The Congressional Oversight Panel released its December oversight report this week, finding in the eight months since the Panel’s last report on the Home Affordable Modification Program (HAMP), that Treasury has made minor tweaks to the program, but the changes have not resolved the Panel’s core concerns. The Panel now …
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, …
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
Many of the stories you see at MHMSM.com begin with tips from readers like you. If you have an item you think would be of interest to our readers, let us know. We’ll make the calls and find out more. For news tips, call MHMSM.com reporter Eric Miller at 214-329-9733 …
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 …
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
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
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 …
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 …
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
The Dow rose more than 40 points Friday on news of an increase in consumer confidence. While that amounts to an increase of about a third of one percent for the Dow, the Manufactured Housing Composite Value was up more than six percent. Companies contributing to a day in the …
T.J.T., Inc, a major supplier of axles, tires, and set-up supplies to the manufactured housing industry, announced a net loss of $1,535,000, or $.34 per diluted share, for fiscal year 2010. Net sales declined 23 percent in the final quarter of fiscal 2010 as compared to the same quarter in …
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 …
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
Stocks started the day with a small rally on news of improvement on the employment front. It was short-lived, however. The Dow was in a state of modest decline through most of the day, recovering later and moving close to green just before close, but not quite getting there. The …
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
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
