Investors stepped back from the market today, which had digested a good jobs report on Friday, sending all three indexes above one percent gains. But today, stocks drifted and moved very little. CNNMoney reports the Dow Jones Industrial Average nudged down -0.06 percent, -9.53 points, to close at 15,238.59. The …
Three Major Indexes Move Little; Drew Draws the Best Hand Read More
The Manufactured Housing Institute (MHI) informs MHProNews leaders from MHI and the Manufactured Housing Association for Regulatory Reform (MHARR) met with Sen. Joe Donnelly (D-IN) seeking assistance for the appointment of a Non-Career Administrator for HUD’s Manufactured Housing Program. In spite of the industry’s efforts to have the position filled …
Sen. Donnelly to Help Find Non-Career Administrator Read More
HousingWire reports a survey by Fannie Mae reveals ten percent more respondents in May than the previous month said it is a good time to sell a house, while five percent more said it is a better time to buy. Doug Duncan, chief economist at Fannie Mae, noting those who …
The nationalmortgagenews informs MHProNews the asking price for homes has risen 9.5 percent May 2012 to May 2013, according to the Trulia Price Monitor, with increases in 98 of 100 largest metro markets. By removing foreclosures from the equation, it jumps to 10.5 percent; but on a seasonally-adjusted basis prices …
A guided bus tour sponsored by the Madison (WI) Trust for Historic Preservation will explore the history of residential architecture and their neighborhoods from the 1850’s to the 1950’s in Madison, Sat., June 10. Included on the tour will be a neighborhood of modular metal Lustron houses, built for returning …
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), reminds MHProNews readers that Iowa law requires an annual report from each manufactured home community owner/manager that includes the names of all community home owners with their addresses. Filed with the county treasurer, the report is due each year …
Sales of manufactured housing have risen 34 percent this year in Ohio, says Tim Williams, Executive Director of the Ohio Manufactured Homes Association. According to what mydaytondailynews tells MHProNews, last year’s sales of manufactured homes homes increased by the greatest number in 22 years, rising 28 percent. In 2009 sales …
In an exclusive to MHProNews, Steve Varnum of the Community Loan Fund says Silver Fox Estates in Pembroke, New Hampshire became the state’s 105th resident-owned manufactured home community as of May 30, 2013. With funding and assistance from the New Hampshire Community Loan Fund, the Silver Fox Homeowners Cooperative, Inc., …
According to newszap, Delaware Attorney General Beau Biden issued an order requiring PFL Limited Partnership, owner of Layton’s Riviera MHC in Sussex County in southern Delaware, to better protect its residents. MHProNews has learned an investigation by the state’s Consumer Protection Unit (CPU) revealed numerous violations of the Manufactured Home …
Manufactured Home Community Owners Agree to Settlement Read More
A good jobs report from the federal government spurred all three indexes to rise above one percent as the week drew to a close. CNNMoney reports the Dow Jones Industrial Average advanced +1.38 percent, +207.50 points, to close at 15,248.12. The Nasdaq gained +1.32 percent, +45.17 points, to end the …
Three Indexes End Week up; Housing Composite Gains 4.57% Read More
The U. S. Ninth Circuit denial to rehear the Equity LifeStyle Properties (ELS) vs. City Of San Rafael ruling may lead to a battle in the U. S. Supreme Court. The court’s decision handed down in April establishing rent control in manufactured housing communities may embolden rent control advocates across …
U. S. Supreme Court may Hear Rent Control Challenge Read More
When the rent for a manufactured home (MH) in an MH Community on land owned by the Sechelt Indian Band rose from $6,500 a year to $24,000, a dispute resolution officer said the increase violated British Columbia’s Manufactured Home Park Tenancy Act (MHPTA). Although the Band subsequently staggered the increase …
Manufactured Home Community on Indian Land not Governed by Province Read More
MHProNews has learned from stpaulsreview that the St. Pauls (North Carolina) Planning Board is recommending the Board of Commissioners deny a conditional use request to site a multi-section manufactured home in town. While it is allowed, the commissioners must approve the permit. Since no one came to the meeting to …
According to knoxnews, Clayton Supply, a division of Clayton Homes, has acquired one of its suppliers, a vinyl window manufacturer in Crossville, Tenn. Purchased from Elixir Industries and renamed Clayton Windows, the facility has the production capability for 450 windows a day, but Clayton intends to ramp up output to …
Updating a post MHProNews last covered May 2, 2013, regarding the rent justification bill in the Delaware General Assembly, delaware.newszap reports the measure passed the Senate 17-2, in stark contrast to last year when it squeaked by 11-9 and then failed in the House. The bill requires MHC owners to …
According to the National Association Home Builders (NAHB)/First American Improving Markets Index (IMI), five U. S. housing markets have been added to the list of those returning to health in June. Based on housing permits, employment and house prices that have been improving for six months, “This is the fifth …
MHProNews has learned from buffalonews students at Erie 1 BOCES’ Harkness Career and Technical Center in Cheektowaga, just east of Buffalo, NY, have completed a 1,200 square foot modular home that will be auctioned off Fri., June 7. “If you see this house, you would be surprised that twenty 17-year-old …
With uncertainty still in the air over future Federal Reserve policy and the sluggish economy, investors made enough inroads in trading today to regain some of what was lost yesterday, but not much. CNNMoney reports the Dow Jones Industrial Average advanced +0.53 percent, +80.03 points, to close at 15,040.62. The …
Contrary to the common focus of too many weather reports, MHProNews has leaned that no one in a pre-HUD Code mobile home or a modern manufactured home died as the result of the May 20 and May 31st EF5 storms in Oklahoma. While thousands of conventional homes were leveled or …
Manufactured and Mobile Homes Survive Recent Oklahoma Tornadoes Read More
MHProNews has learned the City Council of Arkansas City in Kansas just north of the Oklahoma border, has voted to amend the municipal code to allow manufactured homes to be sited in residential-zoned districts. According to arkcity.net, the home must have been manufactured within the last year, including the time …
