In a letter to MHProNews.com, Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), says there were 121 orders for modular homes in the third quarter 2011, five more than in the same period last year. This ranks Iowa sixth in the survey of 29 states in modular […]
Modular Orders Up in Iowa Read More
HousingWire says Zillow Real Estate Market Reports is partnering with researcher Pulsenomics to sponsor what will be called the Zillow Home Price Expectations Survey. First published by Pulsenomics in 2010 with MacroMarkets as its sponsor, the quarterly survey is based on the expert opinions of over 100 housing market analysts,
Future of Housing Industry—Five Years Out Read More
WiscNews reports from the Wisconsin Dells a local realtor says real estate sales in the area through October 2011 have reached 192, up from 167 last year and 170 in 2009, and foreclosures are holding steady. John Schoenherr, of Century 21 Affiliated, also notes that much of the real estate
MH Sells Quicker than Other Real Estate Read More
WCAX-TV reports the site of a former furniture factory in Randolph, Vermont, is being developed in two phases to provide affordable housing in a neighborhood project headed by the Randolph Area Community Development Corporation. Originally the site of the Randolph Furniture Company, which was founded in the 1800’s, the Ethan
Modular Houses to Inhabit Former Ethan Allen Mfg. Site Read More
PressConnects reports from Binghamton, New York, First Ward Action Council will develop three single-family modular homes on property it is buying from the city to help stabilize the neighborhood. Aimed at first time homeowners of modest means, the homes will sell for $70,000 each at which time they will be
Collaboration Brings Modular Homes to Town Read More
In a follow-up to a story we reported Nov. 11, 2011, CelebrityNewsandStyle says Lucius Foster, the estranged father of actress Jodie Foster, was charged with 25 counts of grand theft and ten counts of contracting without a license for allegedly bilking over 20 investors out of $5,000 each after promising
Bad Actor Charged in Modular Housing Scam Read More
A CNNMoney article by Joshua Steiner and Allison Kaptur warns prospective real estate investors that the rosy 2012 forecast for the housing market has two pronounced thorns. The first is less than five percent of the mortgage purchase volume is in the hands of private investors. Support for the housing
Road to Housing Recovery Lengthening Read More
The U.S. Department of Housing and Urban Development (HUD) announces $40 million in grants for housing counseling will be awarded competitively to HUD-approved counseling agencies and State Housing Finance Agencies across the country. Topics include avoiding foreclosure and mortgage scams, improving credit score, purchasing or renting a home, and qualifying
Housing Counseling Grants to go on Bidding Block Read More
Amber and Kristopher Monte are pleased to announce the arrival Nov. 21, 2011, of their newborn son, River Edward Monte, weighing in at 7.5 lbs, 20 inches long. Amber Monte is the Chief Operating Officer (COO) of Investment Property Group, a private real estate investment firm that owns and operates
New Addition to the Manufactured Housing Industry Read More
NationalMortgageNews states, according to the Bureau of Labor Statistics, mortgage brokerage firms added 1,500 workers to their rosters in October. Employment in the mortgage/broker sector reached 236,500. The National Mortgage Licensing System reports the number of state-licensed loan officers rose 6,470 in Q3 to 113,350, suggesting former loan officers are
Number of Loan Officers Increasing Read More
OriginationNews reports seriously-delinquent mortgages (90 days or more out) through the Federal Housing Administration (FHA) increased October over Sept. by 0.03 percent to nine percent, the highest number since Feb. 2010. FHA-endorsed single-family loans declined in October three percent from the previous month, to $15.7 billion, and lending to homebuyers
InsuranceNetNews reports an article in the American Journal of Public Health describes a Health and Retirement Study that concludes there is a relationship between mortgage delinquency and ill health. The 2006-2008 study of persons 50 and older found because people so identify with their homes, the potential loss of the
Mortgage Delinquency Tied to Health Problems Read More
WKRV-TV in Rio Grande Valley, Texas, says Jo Leigh Ares has re-surfaced a month after four charges of felony theft were filed against her for allegedly taking deposit money from customers for manufactured homes that were not delivered. The owner of Park Girl Mobile Homes in La Feria turned herself
Park Girl Parked in Jail Read More
WoodworkingNetwork reports that students at Ranken Technical College in St. Louis, Missouri, build small modular homes, called Tumbleweed Homes, with a footprint of 100 square feet in their first year in the workshop. The homes are sold and the proceeds are used to buy materials for the next set of
Building Small Modular Homes Trains Students for Careers Read More
HousingWire reports Radar Logic, which tracks home values in 25 metropolitan areas, says while home prices fell 4.4 percent for the year ending September 2011, the survey shows home sales increased 15.4 percent in those markets year-over-year in Sept., the largest gain for the month of Sept. since 2003. Michael
Housing Recovery: Around the Corner? Read More
SFGate reports a Massachusetts company is opening a factory on Vallejo’s Mare Island at the site of a former naval base just north of San Francisco. Close to the port of Oakland, and drawing on a nearby workforce of people skilled in home construction and high tech manufacturing, Blu Homes
Blu Going Green in Bay Area Read More
NationalMortgageNews states the robo-signing scandal has led to such a tight pipeline in the foreclosure process that only 10,000 a month are being processed by FHA (Federal Housing Authority)-approved servicers, but that will clear as the agency pays for a surge on defaulted loans. FHA paid $14.9 billion in fiscal
Bailout Net to Catch FHA? Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) participated in the House of Representatives Financial Services Committee’s field hearing on “The State of Manufactured Housing” held in Danville, VA Nov. 29, 2011, submitting written testimony on the need for congressional oversight of the Housing and Urban Development (HUD)’s manufactured housing
MHARR Pans Field Hearing: HUD is the Bigger Hurdle Read More
RealtorMag reports the inventory of homes for sale fell to its lowest level in four years in October, according to data from Multiple Listing Service (MLS). Zelman and Associates says many sellers are taking their homes off the market because they are receiving low-ball bids, and banks are in no
Inventory of For Sale Homes Falls Read More
At the “State of the Manufactured Housing Industry” Congressional Field Hearings in Danville, Virginia, Nov. 29, members of the House Congressional Subcommittee on Housing, Insurance, and Community Opportunity heard from a variety of persons in the MH arena. Henry Czauski, Acting Deputy Administrator for the Office of Manufactured Housing programs,
MH Field Hearing Yields HUD, MHI, Industry, and Resident Viewpoints Read More
