smmirror tells MHProNews from Santa Monica, California the state has dissolved all redevelopment agencies because of the shortage of state funds, effectively pulling the plug on many capital improvement projects (CIP) that had been planned statewide. However, certain projects already agreed to before the cutoff date will go forward, including …
Despite State Budget Woes, MH Development Continues Read More
The Truth in Lending Act (TILA) was set up to promote informed use of consumer credit and increase transparency by requiring disclosures about its costs and terms. A joint group of federal agencies that oversee truth-in-lending concerns, including the Consumer Financial Protection Bureau (CFPB), are proposing to amend Regulation Z, …
MH Excluded from Definition of Higher-Risk Mortgage Loans Read More
TheMcDowellNews reports last month the Marion City Council in Marion, North Carolina adopted new regulations for manufactured homes sited on individual lots within the city, requiring them to have siding and roofing to make them blend in with neighborhood site-built homes. Additionally, no manufactured home is allowed within 300 feet …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports statistics compiled by the U.S. Department of Housing and Urban Development (HUD) for June 2012 indicate HUD Code homes production rose one percent over June 2011 to 5,075 homes, marking eleven consecutive months of increased production. Production of manufactured homes for …
mortgageorb reports a new study by the American Council for an Energy-Efficient Economy (ACEEE) estimates energy-efficient manufactured homes could save consumers $4.6 billion over the next 20 years, which would also improve residents’ economic stability. “Mobilizing Energy Efficiency in the Manufactured Housing Sector” states average household incomes in manufactured homes …
Study: Energy Efficient MH would Improve Economic Stability Read More
TheDailyCourier reports Beverly Granillo, who has been selling manufactured homes in Prescott Valley, Arizona since 1986, says used manufactured homes are selling well in the area because they are 30-50 percent less than new homes. She closed her dealership in 2009 because of the economy but now sells new and …
As follow-up to a story we published yesterday, July 25, concerning the development of 251 manufactured homes in Halekulani, near the southeast coast of Australia, express-advocate-wyong reports opposition is increasing as nearby residents rallied outside the site Wednesday. As owners of the property, the Darkinjung Aboriginal Land Council wants to …
Following up on a series of articles first published a year ago and last reported July 12, 2012, voicesnews says Garden Homes Management Corp. has resubmitted plans for 121 manufactured homes on 40.79 acres to the Oxford (Connecticut) Conservation Commission, Inland Wetlands Agency (CCIWA). Garden Homes has been denied approval …
MHProNews has learned that of a new state regulation requiring approved carbon monoxide detectors to be installed in all new and existing manufactured homes and multi-family manufactured homes effective July 1, 2012, whether occupied or sitting in inventory on a dealer’s lot. According to the law firm of Hart, King …
In an apparent about-face from its statement a year ago that the manufactured housing industry is near death, IBISWorld now says, according to timesunion, while sales of MH are relatively weak compared to 1998, “improved income levels are expected to generate higher sales of manufactured homes in the five years …
Following up on a story we posted yesterday, July 10, yourdailyjournal reports the Rockingham (North Carolina) City Council denied a request from Charles Seago to rezone land from business to residential so he could site four additional manufactured homes on the property on which he already has five MH. Although …
According to the Manufactured Housing Institute’s (MHI) monthly report, shipments of manufactured homes rose to 5,211 for May, an increase of 16.7 percent over May 2011, as well as an increase over the 4,630 manufactured homes shipped in April 2012. MHProNews.com has learned this marks the tenth consecutive month of …
Quad-Cities reports from Rock Island, Illinois, just across the Mississippi River from Davenport, Iowa, taxes for manufactured homes are due in the Rock Island County Treasurers Office July 9, 2012. Payments postmarked July 9 will not be considered late. State law imposes a fine of $25 per month, or any …
GoBogolusa reports the Bogolusa, Louisiana City Council voted 5-2 to permit modular homes in all residential districts of the city, although manufactured homes are not permitted. The state fire marshal has given its OK, but restrictions by the public works department include the houses must face the street and must …
NJ reports from Pennsville, New Jersey township officials have unanimously voted to increase fess on manufactured homes in MHCs from $24 to $28 a month, collected by the MHC owner and then forwarded to the township. There are approximately 200 homes in the White Oaks and Southbridge communities in this …
The Ohio Manufactured Homes Association (OMHA) tells MHProNews one time OMHA director Dan Rolfes suggested over ten years ago that all aspects of MH industry rules and regulations should be under one roof. On May 23, 2012, the Ohio General Assembly voted to establish – and the governor signed into …
MROMagazine (Maintenance, Repair and Operations), a publication in support of machinery and equipment maintenance, now includes a brief profile of manufactured housing in its Research and Markets edition. It says the U.S. manufactured housing market is dominated by eight manufacturers who account for 60 percent of the annual $3 billion …
With manufactured housing increasing production nine consecutive months, as MHProNews has noted previously, smallcapnetwork says the time might be ripe to get into the manufacturing and modular housing market. Cavco Industries (NASDAQ:CVCO) reports net sales for the entire fiscal year 2012 hit $443,066,000, an increase of 156% over last year, …
Following the 2011 flooding of the Souris River in North Dakota, NorthDakotaRealEstateRama says the acute housing shortage due to the oil boom led to the Federal Emergency Management Agency (FEMA) bringing in over 2000 manufactured homes to house the survivors. Often after a catastrophe FEMA will locate rental housing/motels for …
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews.com Housing and Urban Development (HUD) statistics show production of HUD Code homes rose to 4,630 homes in April 2012, a 17.4 percent increase over April 2011 production of 3,944 homes, marking nine months of consecutive industry growth. The top ten …
