You might call it Flat Tuesday. Stocks pared losses experienced early in the trading day as optimism rose in regards to the financial situation in Greece. The Dow and Nasdaq ended the day close to where they started. The Yahoo Finance Manufactured Housing Composite Index gained just over one percent. …
Stocks, Decline, Rise, Close Near Where They Started Read More
From Lake Tahoe News, MHProNews.com learns that a push for fewer regulations in Nevada includes some involving manufactured housing. Governor Brian Sandoval announced a plan recently to repeal 654 regulations advocates say will assist in the state’s efforts at economic diversification and job creation. According to the report, in addition …
Housing Secretary Shaun Donovan recently posted on the HUD blog that a new rule taking effect March 5 will prevent housing discrimination based on sexual orientation or gender identity. Donovan says the need for this rule is clear, particularly when it comes to housing. Contained in the rule are four …
HUD Rule Expands Regulations on Non-Discrimination Read More
CBS News Smart Planet recently ran a segment on HybridCore Homes which use nearly all recycled construction materials to build, and are completed in about two months. According to the broadcast, the homes gain both from the efficiencies of an assembly-line process and the fact that weather doesn’t effect construction …
From the Associated Press, MHProNews.com learns that Fed Chairman Ben Bernanke says declines in home prices are hurting consumer spending and could continue to weigh on the economy for years.The comments came during a speech to the National Association of Home Builders in Orlando. The broader economy won’t recover, Bernanke …
A U.S. Small Business Administration pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and other dealerships was re-launched this week and will be effective through Sept. 30, 2013. The Small Business Jobs Act of 2010 included a provision for re-launching SBA’s Dealer Floor Plan …
Stocks finished the week on a low note thanks to Greece’s ongoing debt drama, and ended the week in the red. Those watched stocks losing ground Friday included Affiliated Managers Group, Inc., down $1.14 (1.07 percent) to $105.60. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending …
From Massachusetts and Nashoba Publishing, MHProNews.com learns that George Clark, president of Clark’s Retirement Homes Park met with a zoning board there recently to address a discrepancy over the number of homes identified in his application for a Manufactured Housing Community permit. Clark told the committee members the board had …
Realtors say that housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions. Introduced with this release is a new annual metro-level housing affordability index, with historically favorable conditions …
Realtors: Fourth Quarter Metro Area Home Prices Boost Affordability Read More
A mobile home fire in Grande Prairie, Alberta, Canada is due to a crack in a fire box in a faulty furnace according to a story in DailyHeraldTribune.com. Fire Marshall Mark Whelpton tells reporters the cause has been determined to be a recalled furnace, which caused some $25,000 in damages. …
From Canada and NetNewsLedger.com, MHProNews.com learns more about the ongoing dilemma over modular homes destined for the Attawapiskat First Nation in Canada. In the exchange, member of Parliament for Timmins James Bay Charlies Angus and Minister John Duncan, the Aboriginal Affairs Minister, debated progress of shipping modular homes to Attawapiskat …
Canadian Officials Debate Modulars for Attawapiskat Read More
The National Association of Home Builders (NAHB) recently commended Sen. Robert Menendez (D-N.J.) for introducing the Home Building Lending Improvement Act of 2012, legislation to help restore the flow of credit for new housing production in order to create jobs, meet rising housing demand and bolster the economic expansion. Builders …
Home Builders Applaud Legislation Aimed at Credit Flow Read More
There was little movement on Wall Street today as investors sat on the sidelines on uncertainty in Europe. The Yahoo Finance Manufactured Housing Composite was also little changed. Losing ground Wednesday were Allied Management Group lost .17 cents (.16 percent) to $107.35. Clayton Homes, Vanderbilt Mortgage and Finance, as well …
Champion Commercial Structures, a division of Champion Home Builders announced this week the company has been contracted to apply its unique modular building method to three major projects, including one hotel and two employee housing projects for the oil and natural gas industry. With the addition of these contracts, the …
Champion Says Commercial Structures Division Slated for Rapid Growth Read More
From North Carolina and BlueRidgeNow.com, MHProNews.com learns that Henderson County residents with abandoned manufactured homes on their property can apply for a grant to help finance the removal of the home. According to the article, the typical cost for a home removal is $1,500, $1,000 of which can be provided …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD). The manufactured housing industry rebound evident in recent months continued and strengthened during December 2011, posting its fifth production increase in 12 months. …
From Boston.com, MHProNews.com learns that the highest court in Massachusetts has approved the expansion of an MH community in the town of Shirley. The court determined local zoning regulators used concerns about traffic and density as pretexts to squash the project. The town, the court determined, cannot apply zoning bylaws …
The amount of finance provided by Fannie Mae and its lenders in 2011 to manufactured housing communities held at around $535 million; essentially the same as in 2010, according to a recent report from the lender. Meanwhile lending to Multifamily Affordable Housing, which provides financing for rent-restricted properties and properties …
Fannie Mae Finances $535 Million in Loans to MH Communities Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) provided a transcript of its recent testimony The House of Representatives Subcommittee on Insurance, Housing and Community Opportunity held an oversight hearing on February 1, specifically focusing on HUD’s implementation of the Manufactured Housing Improvement Act of 2000. Chairman John Bostick told …
During a hearing of the Financial Services Subcommittee on Insurance, Housing and Community Opportunity evaluating the effectiveness to which the Department of Housing and Urban Development (HUD) has implemented key provisions of the Manufactured Housing Improvement Act of 2000, Rep. Gary Miller (R-CA) formally unveiled legislation (H.R. 3849) to reduce …
Manufactured Housing Finance Relief Legislation Unveiled Read More
