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.
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
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
New York Abuzz About Prefab Read More
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
Modular Home Shipments Up More Than Five Percent Read More
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
Biggest Homebuilder has Smaller Loss 111510 Read More
