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 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
Election Night a Nail Biter for Voters and Candidates Races important to the manufactured housing industry seemed to be tightening Tuesday as Americans went to the polls. Receiving a morning endorsement from the Elkhart Truth and news of ever decreasing margins, Indiana Congressman Joe Donnelly awaited the outcome of his …
Election Night a Nail Biter for Voters and Candidates 110410 Read More
Homeownership in Decline All the bad economic news is adding up to fewer Americans owning their own homes. CNN reported Tuesday that nearly 3 million fewer Americans now own homes compared to the first quarter of 2005, when homeownership peaked at 69.1 percent, according to Census Bureau figures. During the …
Housing Price Drop Could Fall Another Eight Percent CNN reports housing prices could fall another eight percent. Problems facing housing include a weak economy, sluggish hiring, tight mortgage underwriting, falling home prices, slowing sales and the potentially disastrous number of foreclosures that may occur over the coming years. Adding 8 …
Housing Price Drop Could Fall Another Eight Percent 110210 Read More
Surprise! HUD Alters Consensus Committee Charter Those attending the Manufactured Housing Consensus Committee meeting October 27th and 28th found out HUD had altered the committee’s charter earlier this year without input from the public or the committee. Susan Brenton, outgoing MHCC Chair and Executive Director of Manufactured Housing Communities of …
Surprise! HUD Alters Consensus Committee Charter 110110 Read More
Website Equates Modular with Living Light Shopping might be good for the economy, but modern times call for adaptability, and adaptable is something that can be hard to be with too much stuff. An item from John Gerzema at psfk.com makes that connection and ties in modular housing. “It took …
Home Purchases Increase to “High End of Miserable” Bloomberg reports that sales of new homes rose in September for a second month. According to a report from the U.S. Commerce Department, purchases increased 6.6 percent to a 307,000 annual rate that exceeded the median forecast of economists surveyed by Bloomberg …
Home Purchases Increase to “High End of Miserable” 102810 Read More
Home Price Increases Slow Down, Decrease in August Data through August, 2010 released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show a deceleration in the annual growth rates in 17 of the 20 MSAs and the 10- and 20-City …
Home Price Increases Slow Down, Decrease in August 102710 Read More
NAR Affirms Housing Recovery Begins Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors. Existing-home sales jumped 10 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, but …
