Seven new members have been elected to the RV/MH Hall of Fame Board of Directors at their recent board meeting, according to Board Chairman Barry Cole. The new members are: Dick Jennison, Manufactured Housing Institute; Joe Stegmayer, Cavco Industries; Mark Wasson, Bluelinx Corp.; Mick Ferkey, Greenway RV; Dana Nelson, RV …
Nuclear power plant construction and building aircraft carriers utilize the same methods as modular home construction. Ron Jones, of South Carolina’s energy company SCE&G says, “When modules are built for a home assembly, the pipes, conduit, etc. are already in there. It’s not just walls and floors. It’s the same …
Modular Homes and Nuclear Power Plants have Common Building Techniques Read More
Residents of the Pan and Fork manufactured housing community in Basalt, Colorado, just northwest of Aspen will be compensated for relocating due to a redevelopment project slated for their community. The town, which co-owns the property with the non-profit Roaring Fork Community Development Corporation, needs to do flood mitigation and …
Manufactured Housing Residents to Receive Relocation Expenses Read More
Rapoza Associations reports nearly 30 percent of all rural households, which covers some 7.3 million families, are either unaffordable, overcrowded or substandard. Over 47 percent of all rural households are spending more than 30 percent of the their income on rent, which classifies them as cost-burdened; and almost 50 percent …
The momentum of the housing recovery, despite tight credit, rising prices and low inventory, is in its early stages of recovery, and panelists at the Bipartisan Policy Center’s conference say the Federal Reserve’s bond-buying program should continue. “There is a cyclical and structural nature to the problem,” reports Paul Weech …
Top managers of Greensboro, North Carolina-based Phoenix Housing Group (PHG), a manufactured and modular housing retailer in North and South Carolina, have been charged with selling more than 1,100 homes in North Carolina financed with fraudulently-secured government backed loans, resulting in millions of dollars in losses to federal loan programs. …
Carolina Lender Closed due to Fraudulent Activities Read More
All three indexes advanced modestly but the bigger stories concerned Apple, J.C. Penney and the suit field by the Justice Department to block the $11 billion merger of U. S. Airways and American Airlines. CNNMoney reports the Dow Jones Industrial Average nudged up +31.33 points, +0.20 percent, to close at …
Most Tracked Housing Stocks Fall; Three Major Indexes Advance Read More
Residents at Brookside Mobile Home Park complaining about rising rents in their community has led to a state bill authorizing rent and eviction control rules in Acushnet, Massachusetts. Town Meeting members approved a home rule petition in June, 2012 that established a rent control board to oversee the town’s four …
Housing affordability slipped nationwide as home prices in recovering markets rose during the second quarter, according to the National Association of Home Builders (NAHB) Wells Fargo Housing Opportunity Index (HOI). Of all new and existing homes sold in the first quarter of 2013, 73.7 percent were affordable to families earning …
Updating a story MHProNews posted April 17, 2013 regarding two Vermont schools competing in the U. S. Department of Energy’s Solar Decathlon in California October 3-13, a send-off event is slated at the Statehouse in Montpelier for the teams and their modular homes Sept. 10. Two of only 20 student …
In its National Delinquency Survey, the Mortgage Bankers Association (MBA) reports homes across the country in some type of financial distress fell in the second quarter to 10.1 percent from 11.6 percent a year ago. Nationwide the average foreclosure rate was 3.3 percent in Q2 2013, although Florida hit the …
Noting that New Zealand is facing a housing shortage, Alistair Helm says the Labour and National political parties are not doing enough to ease the problem, especially in helping younger and first-time home buyers obtain financing. He suggests lowering the down payment to five percent, in particular because he says …
While the Republican-led House Financial Services Committee is supporting legislation to totally eliminate Fannie Mae and Freddie Mac from the mortgage business with no government interference , the Democrat-majority Senate Banking Committee says the government needs to be a backstop to make certain borrowers of modest means can continue to …
Discarding Fannie Mae and Freddie Mac = A Nightmare Read More
Continuing concerns about the possibility of a Federal Reserve pullback on its bond-buying support of the economy has investors stepping back from the market, resulting in the three major indexes moving very little either way. CNNMoney reports the Dow Jones Industrial Average nudged down -5.83 points, -0.04 percent, to close …
Skyline Rises, Patrick Drops, Three Major Indexes Budge Read More
Three months since Barry Swegle allegedly drove his bulldozer through a manufactured housing community east of Port Angeles, Washington, damaging or destroying four homes and other property, he remains in jail in lieu of a $1 million bond, while those impacted by his actions continue to rebuild their lives. A …
Bulldozer Roars through Manufactured Housing Community Read More
In Maputo, the capital of Mozambique, a modular disaster recovery center has replaced a one-time helipad that served the directors of the communications company Vodaphone Mozambique. With land at a premium in the capital city, the center is located atop a five-story building adjoining Vodaphone’s 14-story office building. The three …
Responding to the onset of numerous modular housing projects now underway in New York City, Samuel C. Florman, Chairman of Kreisler Borg Florman General Construction Co., notes that George Romney (Mitt Romney’s father) promoted prefabricated housing as Secretary of the Department of Housing and Urban Development (HUD) in 1969-1973. Writing …
Modular homes are being planned for the Village of Wellow on the Isle of Wight in the United Kingdom. Part of a larger development that will include site-built homes, the modular units will be single-story and utilize natural materials to better blend into the environment. Developer Neil Payne says, “Modular …
Development in United Kingdom to include Modular Homes Read More
Students at Mountain View and Evergreen High Schools in Clark County, Washington collaborated to build a modular home for Habitat for Humanity that a single-mother and her two sons will move into in September. Each school literally built half of the 1,100 square foot home, and the students will receive …
In its continuing attempts to amend rules that inhibit lending to the manufactured housing market, the Manufactured Housing Institute (MHI) says the Consumer Financial Protection Bureau (CFPB) released additional rules that exempt loans on existing manufactured homes (excluding real estate) from Dodd-Frank appraisal requirements. There is already an existing rule …
Manufactured Housing Industry Gains in Easing Lending Restrictions Read More
