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.

Mortgage Applications on the Wane

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 3, 2010.  The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 22.8 […]

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Tax Appeals Swamp U.S. Communities

From Bloomberg we find a fiscal flood from taxpayers seeking to lower property-tax bills, which threatens to swamp local government budgets across the U.S. From Los Angeles to Atlantic City Bloomberg finds property owners are demanding lower taxes after real-estate values plunged. U.S. home prices are 30 percent below their

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Arizona Community Recalls History of Palm Harbor Homes There

From Arizona, the Casa Grande Dispatch ran a story Tuesday recalling the history of Palm Harbor Homes in the community. The company had both a production plant and retail sales office in Casa Grande until the plant closed in early 2009. The sales office closed early this year. The newspaper

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Berkshire to Sell $500 Million in Notes to Repay Clayton Debt

Businessweek reports that Warren Buffett’s Berkshire Hathaway Inc. plans to sell $500 million of notes to repay debt used by its Clayton Homes manufactured housing unit. The magazine reported on its website that five-year senior notes may be issued through Berkshire Hathaway Finance Corp. and may pay about 87.5 basis

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Double-digit Declines in Mortgage Delinquency Projected Through 2011

HousingWire reports that double-digit declines in the mortgage delinquency rate for all 50 states will occur through next year, according to TransUnion. The company expects the national mortgage delinquency rate to fall by about one-fifth to 4.98 percent by the end of 2011. The company projects the rate at 6.21

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Smart Appliances on the Horizon

Construtech ran an article about smart appliances coming to the construction industry from General Electric. GE Appliances & Lighting plans to launch a portfolio of products that provide insight into energy usage across the home. The article says through a series of products that leverage connected technologies, such as smart

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EPA Announces New Energy Star Requirements for Modular Housing

The Manufactured Housing Institute reports in its Week in Review that the Environmental Protection Agency recently announced new requirements for qualifying site-built and modular homes for ENERGY STAR, which will go into effect beginning next year.  The Systems Building Research Alliance is in the process of revising the modular program

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Rural Foreclosures: The Hidden Heartland Inventory

UPI.com reports that there may be a large shadow inventory of foreclosed homes in the American Heartland. The reason: no data is collected from small lenders or lenders that operate exclusively in rural areas. Homeowners in the heartland struggle with many of the same factors that plague urban and suburban

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Fitch: U.S. Manufactured Housing Remains Stable Amid Market Turmoil

A U.S. mortgage sub-sector historically known for its problematic performance has emerged as one of its more stable performers, according to Fitch Ratings in a new report. The manufactured housing sector has experienced very slight increases in loss severities, net loss rates and 60-day delinquencies over the last year. This

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MHMSM.com Urges Preservation of Mortgage Interest Deduction

With plans to change the Mortgage Interest Deduction (MID) being presented to Congress in hopes of reducing the federal budget deficit, MHMSM.com, along with homebuilders, industry and realtor groups is urging the maintenance of the benefit in its full potency. “The owners of manufactured homes, like all homeowners, benefit from

MHMSM.com Urges Preservation of Mortgage Interest Deduction Read More

A Housing Market Report from Michigan

A call to Jim Dietrich, vice president of sales at Roy’s Home Center in Gobles, Michigan on another matter allowed us some insight into the market there. Somewhat expected, Dietrich reported sales of manufactured homes to be slow, similar to the over-all housing market. “We’re having a hard time getting

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More Americans Seek Smaller Homes in the Suburbs

McMansions are rapidly becoming the housing equivalent of harvest gold appliances as more Americans are opting for smaller residential footprints, according to a new Relocation.com consumer lifestyle survey. Small homes in the suburbs? Sound like a market the manufactured home industry could tap into! In the survey, homeowners and buyers

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MHI, Realtors, Home Builders Urge Action to Save Mortgage Interest Deduction

With plans to change the Mortgage Interest Deduction (MID) being presented to Congress in hopes of reducing the federal budget deficit, homebuilders, industry and realtor groups are urging the maintenance of the benefit in its full potency. National Association of Homebuilders (NAHB) Chairman Bob Jones recently said reducing the benefit

MHI, Realtors, Home Builders Urge Action to Save Mortgage Interest Deduction Read More

Dow Continues to Rally

Markets continued to rally Thursday with the Dow moving up more than 100 points on new U.S. home sales, and retail sales topped estimates. The Manufactured Housing Composite Value gained half of one percent. Top performers among manufactured housing and related stocks include Drew Industries, up more than four percent;

Dow Continues to Rally Read More

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