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.
Modular Architecture announced that a recently completed home received two 2010 HOBI Awards – Home Building Industry Awards – awarded by the Home Builders Association of Connecticut. The home, in Old Greenwich, CT, was built by Twelve Development and Modular Architecture. The awards were for Best Spec Home $3-4 Million and Best Kitchen/Bath Feature. […]
Modular Architecture and Twelve Development Share 2010 HOBI Awards Read More
From Corpus Christi, Texas the Caller reports that a federal jury found Clayton Homes subsidiary Vanderbilt Mortgage liable for civil racketeering and fraud in a South Texas case. David Rumley, attorney for the plaintiffs told the paper the company was found liable for collecting payments on a home for four
Court Finds Manufacturer Inappropriately Collected Payments After Lien Release Read More
CNN Reports top Democrats are uniting with Republicans to repeal the expanded 1099 reporting requirements set to take effect in 2012. Senate Finance Committee Chairman Max Baucus, D-Mont., said Friday that he will introduce related legislation. The reporting requirement is sometimes referred to as “1099” because it would require businesses
Repeal of 1099 Reporting Requirement Would Help Small Businesses Read More
A new survey by Rasmussen Reports finds homeowners continue to have little short-term confidence in the U.S. housing market, but are much more confident about the picture five years down the road. The national telephone survey finds that only 20 percent of homeowners believe the value of their home will
Survey: Homeowners Lack Confidence in Housing Market Read More
Stocks closed sharply higher Thursday on news more debt problems in Europe may soon be solved. Big movers among manufactured housing and related stocks include penny stock Global Diversified Industries, up 125 percent to 5 cents a share. All American Group closed up just over four percent to 25 cents
Many Manufactured Housing Stocks Close Higher Thursday Read More
From Indiana the Herald Argus reports that two years after floodwaters destroyed their home, Sandy and Don Dingman now have a new modular home. The La Porte County Health Department and FEMA condemned the old home. The couple tried to rent, but found that challenging with their two collies. Insurance
Indiana Flood Victims Receive New Modular Home Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) has called on Congress to reject a major proposed increase in the appropriation for the Department of Housing and Urban Development’s manufactured housing program and instead direct HUD to provide more appropriated program funding to its state partners. In a November 15,
MHARR Urges Congress to Reject Increase in HUD’s Budget Read More
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.13 percent of all loans outstanding as of the end of the third quarter of 2010, a decrease of 72 basis points from the second quarter of 2010, and a decrease of 51
Delinquencies and Loans in Foreclosure Decrease, Foreclosure Starts Rise Read More
Freddie Mac released the results of its Primary Mortgage Market Survey on Thursday which found that the 30-year fixed-rate mortgage and the 15-year rose dramatically this week, as did the 5-year adjustable rate mortgage. The 1-year adjustable rate mortgage remained unchanged from the previous week. The 30-year fixed-rate mortgage averaged
Mortgage Rates on the Rise Read More
Setting up a manufactured home in the parking lot of a big-box retailer like Target, Costco or Ikea is not a new idea, but a presentation at the recent meeting in Washington of the Urban Land Institute Manufactured Housing Communities Council adds some additional components that may help go beyond
Marketing Plan Would Reintroduce Homes, Help Overcome Stigma Read More
Stickley Museum at Craftsman Farms Southland Log Homes recently announced a new agreement with The Stickley Museum at Craftsman Farms, the former home of early twentieth century designer Gustav Stickley. Stickley was a major proponent of the American Arts and Crafts movement, which emphasized the value and beauty of well-crafted
Southland Log Homes Announces Agreement with The Stickley Museum Read More
The home of the Brown family of Wellman, Texas will receive an extreme makeover. The latest recipients of “Extreme Makeover: Home Edition,” the family has experienced tragedy in recent years. Seventeen-year-old Alex Brown epitomized the traditional All-American girl: beautiful, smart, vivacious and beloved by everyone who knew her. Tragically, her
Extreme Makeover to Build Texas Family a Mod Home Read More
From Kentucky Wave3.com reports that despite its recent closing, a Louisville mobile home park remains a major eyesore for south end residents. Louisville Regency closed in July of 2009 but city officials say the owner has failed to meet several deadlines to clean up the property. The homes are now
Kentucky Homes Gone, Mess Remains Read More
Stocks closed down more than 15 points Wednesday after struggling to stay in the green throughout the day, but stayed above the 11,000 mark. Palm Harbor Homes lost another nine percent during trading Wednesday after a steep sell-off Tuesday. Palm Harbor declined to 18 cents per share. Gainers for the
Dow Closes Down, Palm Harbor at New Low Read More
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
Big Banks Set Higher FICO Minimums Read More
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
Builder Confidence Up a Little Read More
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
