Responding to Hurricane Sandy, in a letter to the editor in the Brooklyn Daily, M. Taeler suggests Floyd Bennett Field as a site to produce modular homes, and set up a community to house the chronic homeless and the victims of the hurricane. Now a park, the field was NYC’s …
According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), builder confidence increased in the third quarter 2012 threefold over a year ago, from 12 to 36. A score of 50 or better indicates more builders see conditions as favorable, as opposed to unfavorable. There are …
According to the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI), the number of U.S. markets showing consistent improvement increased by 22 to 125, Oct. to Nov. Based on employment, housing permits, and house prices for at least six consecutive months, markets qualifying for the list grew …
In a 2008 design competition sponsored by the New York’s Office of Emergency Management (OEM), the goal was to design housing in response to a massive flood that required emergency housing for 38,000 people, flooded the subways and neighborhoods, leaving people with no where to live, work, or go to …
Jay Hesse of Blue Ox has donated $5,000 to the RV/MH Hall of Fame Museum in Elkhart, Ind., and has set up a “peer challenge” program to encourage other RV/MH industry donations to pay off the bank note by April 30, 2013. Anyone donating $1,000 or more would challenge three …
The CalgaryHerald tells MHProNews the provincial government of Alberta, Canada has taken the first step towards making warranty coverage for new homes in the province mandatory, a move that could add up to $2,000 to the price. The New Home Buyer Protection Act would cover manufactured and modular homes, single-family …
Sherman Price and his brother, the late Leon Price, Sr., were honored for outstanding service and dedication to the state’s factory built housing industry, and inducted into the Arkansas Manufactured Housing Association (AMHA)’s “Hall of Fame.”Sherman Price was surprised by the recognition, the association’s highest honor, given at the AMHA …
In the wake of Hurricane Sandy, the Manufactured Housing Institute (MHI) reminds community owners and managers of the importance of having a preparedness plan in place for residents in case of an impending hurricane or sudden tornado. If a community has multiple exits, who should use which exit, and what …
Parents in the Santa Ynez Valley north of Santa Barbara, California are objecting to a ballot initiative to raise taxes to fund a school board bond that would demolish 19 modular classrooms purchased between 1996 and 2008. The parents have asked for a town hall meeting to discuss the issue, …
Tracking the residential mortgage applications through a composite index and covering some 75 percent of all residential applications, the Mortgage Bankers Association (MBA) says new mortgage apps fell five percent for the week ending Oct. 26 on the heels of falling 12 percent and four percent the two previous weeks, …
RealtorMag informs MHProNews the Consumer Financial Protection Bureau (CFPB), in an attempt to better learn the challenges of credit bureau reporting, will work with consumers to resolve credit reporting issues. Assistance may include dealing with incorrect information, improper use of a credit report, inability to obtain a credit score, or …
Tens of thousands of factory built housing industry professionals are tracking the elections closely. Movie makers are in the fray in the campaign’s closing days. Filmmaker Oliver Stone supported Barack Obama for president in 2008, but in his new book due out Oct. 30, slams Obama for breaking campaign promises …
In recent commercials on TV, Henry Winkler is promoting reverse mortgages, telling people they can continue to live in their homes without worry. Reverse mortgages permit homeowners 62 and older to borrow against the equity in their homes, and not repay the loan until they move or die. Homeowners still …
In reporting on the Manufactured Housing Consensus Committee (MHCC) meeting Oct. 23-25, 2012, the Manufactured Housing Association for Regulatory Reform (MHARR) says the federal manufactured housing program as administered by the Department of Housing and Urban Development (HUD) and the authority of the MHCC have deteriorated to a new low. …
MHProNews has learned Jeffrey W. Hallahan II of Garden Homes Estates has been elected president of the Massachusetts Manufactured Housing Association (MMHA), replacing Dave Piper, Jr., who served as president for many years and will continue as an associate member. George Peterson, Jr., assistant minority leader in the Massachusetts House …
According to Chip Case, professor emeritus of economics at Wellesley College and senior fellow at Harvard’s Joint Center for Housing Studies, the mortgage interest deduction will be on the table after the election as well as other tax reform issues. As WindowFilmMag informs MHProNews, after 44 months housing starts finally …
As Melodika tells MHProNews, the National Association of Home Builders’ (NAHB) Building Systems Council (BSC) awarded Epoch Homes first place for the best 3,001-4,000 square foot modular home at their Jerry Rouleau awards Showcase. Epoch also won first place for Excellence in Design-Green Building. With numerous honors under its belt, …
Based on data from HUD and the U.S. Census Bureau, the National Association of Home Builders NAHB) reports new single-family home construction rose 5.7 percent in Sept. to a seasonally-adjusted annual rate (SAAR) of 389,000 units. This marks the best sales rate in 2 1/2 years. NAHB Chief Economist David …
HousingWire reports in the wake of the financial meltdown, the nation gained 4.8 million renters in the last six years while losing 1.7 million owner households, according to the Mortgage Bankers Association (MBA). In the housing finance sector, the MBA predicts mortgage originations will hit $1.7 trillion in 2012, an …
MBA Prognosis: Slow Crawl to Health with Potential Busted Knees Read More
NationalMortgageNews says the new Mortgage Bankers Association (MBA) Chairwoman Debra Still says the mortgage industry has to repair its image from top to bottom toward rebuilding the housing and residential finance sectors. Noting lenders have to be committed to do a better job, she says, “Nowhere do we have more …
