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 Minnesota the West Central Tribune reports that orders to repair and improve manufactured homes — or demolish those not meeting safety and building codes — will be presented to the owners of multiple homes in the Northdale Community in Montevideo. City Council members there approved resolutions directing the improvements after …
Minnesota Community Orders MH Repair and Improvements Read More
From Delaware the Cape Gazette reports two proposed Sussex County ordinance amendments relating to manufactured housing wouldn’t completely solve problems in older communities. Councilman George Cole, R-Ocean View, told officials there he wanted a list of further recommendations before making a motion to schedule more committee meetings and wants the …
Delaware County Seeks Relief for Residents of Older Communities Read More
Joe Kelly at the Iowa Manufactured Housing Association sent along a report from the Des Moines Register that indicated a third of manufactured homes have unpaid taxes in Polk County. According to the report from County Treasurer Mary Maloney, one-third of the 4,087 manufactured homes in that county have unpaid …
Iowa Manufactured Homes Taxes Go Unpaid, Titles in Doubt Read More
Bloomberg reports higher hurdles are here for FHA loans. Mortgage lenders including Wells Fargo & Co. and Bank of America Corp have raised the minimum credit score on FHA-insured loans that they will buy from 620 from 640. About 6.3 million – some 15 percent of borrowers – fall within …
The NAHB says builder confidence in the market for newly built, single-family homes improved slightly in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI rose one notch to 16 from a downwardly revised level of 15 in the previous month. The Northeast …
Bloomberg reported Wednesday that housing starts fell to a 519,000 annual rate, the fewest since a record low reached in April, 2009 and down 12 percent from a revised 588,000 in September that was less than previously estimated according to Commerce Department figures. Work on multifamily units, which is often …
Home Starts Drop, Multifamily Starts Slow to a Crawl Read More
The North Carolina State Energy Office is joining with the makers and sellers of manufactured homes and the support of utility companies to help the state’s consumers cut utility bills and get money back for buying energy efficient homes. Buyers of manufactured homes will receive a $500 rebate when they purchase …
North Carolina Launches Program to Aid Purchase of Manufactured Homes Read More
The popular New York real estate website Curbed picked up on a story about a prefab box that appeared recently in New York magazine and the Wall Street Journal. The 320-square-foot home in NYC’s West Village costs just $39.5K, a price that barely represents the cost of a parking space …
From Mississippi, the Rankin Ledger reports that the Rankin County Board of Supervisors has delayed action on the county’s revised zoning ordinance and map. The move came after residents and the Mississippi Manufactured Housing Association expressed concern several changes are too restrictive for manufactured homes. Association director Jennifer Hall told …
Mississippi Association Goes to Bat Over Zoning Changes Read More
The Federal Housing Administration released its annual report to Congress Tuesday on the financial status of its Mutual Mortgage Insurance Fund, FHA’s principal insurance account that includes all single-family and reverse mortgage activity. FHA’s study finds that since last year, the capital reserve ratio held steady, insurance claims declined significantly, …
FHA Reports Improving Picture of Financial Stability Read More
The National Modular Housing Council’s actual shipments report indicates that 3,701 new modular homes were shipped in the third quarter of 2010, up 5.4 percent from the same quarter in 2009. Data on shipments is tracked and reported in 29 states. Compared with the same period last year, state shipment …
Palm Harbor Homes Inc. filed a form Q-10 quarterly report Monday for the period ended September 24, 2010. The company has a market cap of $11.72 million; its shares were traded at around $0.51. Net sales decreased 11.4 percent to $66.3 million. Factory-built housing net sales decreased $7.9 million while …
Palm Harbor Homes Files Q-10, Bankruptcy an Option Read More
The Dow moved briefly below 11,000 today and European debt worries caused the Dow to shed nearly 200 points. The index settled above the 11,000 mark at the end of the trading day, however, down 178 or 1.59 percent. Palm Harbor Homes continued to shed share price value. By the …
Biggest Homebuilder has Smaller Loss CNBC reports the biggest U.S. homebuilder, D.R. Horton, has a smaller than expected quarterly loss. The company also reported orders fell as demand remained soft following the expiration of the federal government’s homebuyer tax credit. The traditional homebuilder’s loss narrowed to $8.9 million, or 3 …
Palm Harbor Seeking Capital Funding According to a filing with the Securities and Exchange Commission, Palm Harbor Homes is experiencing liquidity issues and is currently in discussion with potential lenders and is looking restructure its balance sheet and acquire additional capital funding. Palm Harbor spokesperson Colleen Rogers confirmed the company …
Consensus Committee Charter Changes Challenged Those attending the Manufactured Housing Consensus Committee in October found out HUD had altered the committee’s charter earlier this year without input from the committee. Outgoing committee chair and executive director of Manufactured Housing Communities of Arizona, Susan Brenton, told MHMSM.com that HUD made the …
Consensus Committee Charter Changes Challenged 111110 Read More
MHARR Targets New Approach to Combat Problems In the wake of the November midterm elections and reflecting the prevailing mood of the country toward efforts to correct the nation’s struggling economy, the Board of Directors of the Manufactured Housing Association for Regulatory Reform (MHARR) announced Tuesday it has recalibrated the …
MHARR Targets New Approach to Combat Problems 111010 Read More
Mortgage Delinquency’s Show Slight Uptick The Federal Reserve Bank of New York released its Quarterly Report on Household Debt and Credit for the third quarter of 2010 Monday, showing Americans are borrowing less and paying off more debt than in the recent past. Also in the report, the proportion of …
Pending Home Sales Slip, Realtors Say Pending home sales retreated after two monthly gains, signaling an uneven recovery entering 2011 with some near-term disruptions from the foreclosure moratorium, according to the National Association of Realtors. The Pending Home Sales Index slipped 1.8 percent to 80.9 based on contracts signed in …
Ginnie Mae provides new Guidance on Manufactured Home Loans Housingwire reports that Ginnie Mae issued new guidance on pooling Federal Housing Administration manufactured home loans. Ginnie guarantees investors the timely payment of principal and interest on mortgage-backed securities containing federally insured loans, mainly FHA. Effective with issuances on or after …
Ginnie Mae provides new Guidance on Manufactured Home Loans 110510 Read More
