The House is considering financial services reform legislation and is expected to pass a bill later today. The 1500 page bill contains provisions that would create a new, independent Consumer Finance Protection Agency (CFPA) that would regulate all providers of financial services including home loans as well as student, auto, …
House Expected to Pass Consumer Protection Bill Today Read More
This week, Chairman Charles Rangel (D-15th-NY) introduced H.R. 4213, a tax extenders bill which would provide roughly $31 billion in tax breaks to 40 provisions that are scheduled to expire at the end of the year. The Democrat’s tax extenders package that was introduced does not have a provision to …
This week, the Senate Committee on Environment and Public Works (EPW) approved S. 1660, a bill that would require all finished wood products to comply with California’s CARB standard for formaldehyde emissions by 2012. MHI was successful in having the bill amended to provide that HUD as opposed to EPA …
MHI Weighs In On Formaldehyde Bill Markup This Week Read More
This week MHI meet with the Federal Emergency Management Agency (FEMA) emergency housing team to learn more about FEMA’s policies towards handling the current surplus of homes in inventory and the future plans and policies of FEMA as they make ready to secure new housing structures for the next emergency. …
MHI has learned that earlier this week a statement was made addressing the industry’s position on the Energy Independence and Security Act of 2007 which transferred authority for energy standards for manufactured homes from HUD to the Department of Energy. MHI was vigorously opposed to this transfer of energy jurisdiction …
MHI learned last night that th proposed rule to implement the Secure and Fair Enforcement Mortgage Licensing (SAFE) Act is due to be published in the Federal Register next week. However, the rule is being distributed ahead of time and can be accessed here (Proposed Rule). MHI is currently analzying …
News from MHI Arlington, VA, November 5, 2009—The Manufactured Housing Institute’s actual shipments report indicates that 4,531 new HUD-Code homes were shipped in September 2009, down 34.6 percent from September 2008. Shipments of single-section homes were down 34 percent, year over year, while shipments of multi-section homes were down 34.9 percent. The seasonally adjusted annual rate (SAAR) of shipments was 52,000 in September, up 12.9 percent from the rate of 46,000 posted in August…
This week, the House approved H.R. 320, “CJ’s Home Protection Act” which was introduced by Congressman Brad Ellsworth (D-IL-8th). The legislation would amend the National Manufactured Housing Construction and Safety Standards Act of 1974 to require that weather radios be installed in all manufactured homes in the United States. The …
House of Representatives Approves Weather Radio Bill Read More
This week, MHI representatives as well as representatives of the non-profit sector, held joint meetings with key Senate and House staff regarding federal legislation that would provide rebates to owners of pre-1976 homes if they replaced them with Energy Star manufactured homes. These meetings were productive because both major stakeholders …
MHI Meets with Key Stakeholders to Move Energy Credits Read More
This week, HUD Secretary Shaun Donovan and FHA Commissioner Dave Stevens testified before the House Financial Services Committee regarding the health of the FHA insurance program. In his testimony, Secretary Donovan stated that HUD is currently considering additional measures to strengthen the FHA program. Possible measures include: increasing the minimum …
Jim Clayton to Deliver Keynote Address MHI is pleased to announce that Jim Clayton will provide the Keynote address for the 2010 National Congress and Expo for Manufactured and Modular Housing. What better way to celebrate our 20th Anniversary! Jim Clayton is an industry legend who formed today’s largest producer …
Both the U.S. House of Representatives and the U.S. Senate adopted an extension of the home buyer tax credit which was due to expire on December 1 and President Obama has signed it into law. The extension runs until June 30, 2010. The tax credit applies to purchasers of manufactured …
Congress Adopts Extension of Home Buyer Tax Credit Read More
This week, MHI conducted a conference call with industry lenders on the current implementation of the SAFE ACT. Last summer, as part of the Housing and Economic Recovery Act of 2008, Congress adopted the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act. The Act provides for a nationwide …
MHI held a series of Congressional visits on Capitol Hill to discuss three important Energy issues which affect the manufactured housing industry. Meetings were held with staff members from the following Senate offices: Senator Jeff Bingaman (NM-D), Senator Lisa Murkowski (AK-R) and Senator John Kerry (MA-D). The discussion involved …
This week, both the U.S. House of Representative and the U.S. Senate adopted an extension of the home buyer tax credit which was due to expire on December 1. The extension runs until June 30, 2010. The tax credit applies to purchasers of manufactured homes, including both ‘home only’ and …
Congress Adopts Extension of Home Buyer Tax Credit Read More
In an effort to combat fraudulent activities which have been reported in the news, the extension of the new home buyer tax credit legislation requires taxpayers to include a “settlement statement” with their tax returns as proof of purchase. Manufactured housing ‘home-only’ transactions typically involve a retail sales contract instead …
A delegation of MHI manufacturers and staff met with HUD staff last week as a follow-up to a June 2009 meeting MHI had with HUD on its new process for conducting quality assessments in the plants. The meeting was quite productive with manufacturers and HUD and IBTS agreeing the process …
As posted yesterday, the Manufactured Housing Institute’s actual shipments report indicates that 4,531 new HUD-Code homes were shipped in September 2009. The seasonally adjusted annual rate (SAAR) of shipments was 52,000 in September, up 12.9 percent from the rate of 46,000 posted in August. The SAAR corrects for normal seasonal …
Arlington, VA, November 5, 2009 – The Manufactured Housing Institute’s actual shipments report indicates that 4,531 new HUD-Code homes were shipped in September 2009, down 34.6 percent from September 2008. Shipments of single-section homes were down 34 percent, year over year, while shipments of multi-section homes were down 34.9 percent. …
4,531 Manufactured Homes Shipped in September 2009, Down 34.6 Percent from September 2008 Read More
MHI held a series of Congressional visits on Capitol Hill to discuss three important Energy issues which affect the manufactured housing industry. Meetings were held with staff members from the following Senate offices: Senator Tim Johnson (SD-D), Senator Richard Burr (NC-R), Senator Ron Wyden (OR-D), Senator Maria Cantwell (WA-D), Senator …
