KRGVTV reports from Laferia, Texas, that an MH dealer with two pending civil cases against it has received a fresh batch of accusations alleging fraud. Park Girl in Laferia, in south Texas, has been accused of taking deposits for manufactured homes and then breaking the contract without returning the money. …
MHProNews has learned from NationalMortgageNews the Federal Housing Finance Agency (FHFA) now estimates it will cost $52 billion less to bail out Fannie Mae and Freddie Mac because of better than expected results of the GSEs (government sponsored enterprises). The agency’s original estimate was between $221 billion to $330 billion, …
Bailout Estimate Falls. FHFA Funds GSEs; GSEs Pay FHFA Dividends. Any Questions? Read More
BoonvilleDailyNews reports from Boonville, Missouri, that modular home builder Fuqua Building Systems closed its plant here and its office in Bend, Oregon, earlier this month after over 40 years in business. At one time employing 175 in Boonville, Fuqua had ceased operations in May after a series of layoffs since …
Following up on a story we initially published March 17, 2011, MiamiHerald reports a multitude of homeowners in South Florida have filed separate legal claims against a German producer of Chinese drywall and the local distributor, alleging the drywall contains toxins that can cause breathing problems, emit foul odors, and …
CNNMoney reports the Dow Jones Industrial Average, after dipping and diving during the day, finally gained 162.42 points to close at 11,869.04, a gain of 1.39 percent, as investors sensed a bailout deal was near in the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value was up 2.89 …
Dow Lands on Positive Ground; Housing Stocks Improve also Read More
Redstate updates a report MHProNews previously covered on Elizabeth Warren, President Obama’s force behind the Consumer Financial Protection Bureau (CFPB) and current candidate for the U.S. Senate from Massachusetts. Commenting in an article in The Daily Beast about the Occupy Wall Street movement that has spread across the country and …
MHProNews has learned that the U.S. Commerce Department reports newly-built, single-family home sales rose 5.7 percent in September, recording their best growth in five months, to a seasonally-adjusted rate of 313,000 units. “The improved rate of new-home sales in September is on par with NAHB’s forecast for the overall number …
Bloomberg reports the U.S. Census Bureau says manufactured housing shipments rose to a seasonally-adjusted rate of 49,000 in August, up two thousand units from July 2011. Placements rose from 43,000 to 44,000 for the same period, and dealer inventory held steady at a seasonally-adjusted rate of 21,000. The average sale …
HousingWire reports Campbell/Inside Mortgage Finance says over the last month, the time required to approve a mortgage grew from 30 days to between 45 and 60 days. The company’s Housing Pulse survey states lenders are having to spend more time dealing with mortgage refinancing. Appraisal issues with property damage on …
CNNMoney reports the Dow Jones Industrial Average rose 105.20 points during the day to close at 11,913.99, a gain of 0.89 percent, as investors welcomed some good business news at week’s beginning. The Yahoo! Finance Manufactured Housing Composite Value gained 3.63 percent to close at 760.01. Most housing stocks gained …
Dow Responds Well to Positive Domestic Business News Read More
BlueRidgeNow reports from Etowah, Tennessee, Ceil Salvadori is developing 27 acres into five lots for horse lovers who will have a barn, pasture land, and a modular house, or “ranchette”, for a residence. Four of the five lots have frontage on the French Broad River in southeastern TN. The houses …
Horse Lovers Unite! Equestrian Community to have Modular Housing Read More
LogCabinDemocrat reports from Little Rock, Arkansas, the Arkansas Manufactured Housing Association has bestowed its “Twenty-Year Membership Award” on Hawks Mobile Homes of Conway, AR. Kevin Hawks received the honor from AMHA Chairman Dwight Chandler for 20 continuous years of membership, during the association’s 40th annual convention at the Peabody Hotel …
Inside Tuscon Business reports Continental West manufactured housing community in Tuscon, AZ defaulted on a $10.95 million loan and will be sold at public auction 11 AM, Jan. 4, 2012 in the Pima County Courts Building. The 319 homesite community was built in 1960, and boasts two swimming pools, a …
CNNMoney reports over 6,000 people have come to Williston, ND to take advantage of the oil boomtown money to be made, but available housing has not kept up with demand. Some are living in their vehicles in parking lots, some in tents, some sleep in sleeping bags beside the road. …
Alexa Blog says Zeman Homes of Chicago has contracted with MA Interactive of Northfield, IL to develop a website more tuned in to the digital landscape, raising its profile and reaching more MH customers. Led by Michael Templeton and Allen Yakowitz, MA provides a range of internet marketing services. The …
stockrants states Zack’s Investment Research downgraded shares of Universal Forest Products, Inc., from neutral to underperform. Although their earning rose 123 percent year-over-year, it failed to meet Zacks’ estimate by two cents. The ongoing weakness in the residential construction and building materials market led to the top line falling 2.4 …
Build.co.uk reports from England that Powerwall will ship 44 new modular units from its facility in Scotland to add a full story to an existing apartment building of 112 apartments that houses students and medical workers in London. Powerwall has a patented Volumetric modular system for constructing the units, and …
WSLS in Virginia reports Nationwide Homes in Martinsville is backlogged with orders for modular homes through January. Dan Goodin, sales vice president for Nationwide, says he intends to hire 20-30 people starting next month to keep up with a 30 percent increase in demand. Martinsville has the highest unemployment rate …
hqyellowknife reports from the Northwest Territories, Canada, Homes North is partnering with FSC Architects and Engineers to build 100 modular homes in the Kam Lake subdivision. The city administration is beginning to negotiate with Homes North on the project to be built near the North Slave Correctional Centre. In response …
The National Association of Home Builders (NAHB) reports that confidence among home builders for single-family dwellings rose four points to 18 on the NAHB/Wells Fargo Housing Market Index (HMI), the largest monthly increase since the tax credit program of April 2010. Based on builders’ perceptions of current home sales and …
