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Congressional Testimony Negates Sensationalized Charges of Predatory Lending

By / June 11, 2016 / Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People

With all the negative publicity swirling around alleged predatory lending for purchasers of manufactured homes by the Seattle Times, National Public Radio and BuzzFeed within the last year, it’s time the media paid attention to congressional testimony that refutes these notions, according to L. A. “Tony” Kovach, publisher of MHLivingNews …

Congressional Testimony Negates Sensationalized Charges of Predatory Lending Read More

Arizona MH Community Destined to Move Forward Despite Neighbors’ Opposition

By / June 9, 2016 / Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

The Mohave County Board of Supervisors (Arizona) approved by a vote of four to one the development of an age-restricted manufactured home community south of Chloride near the Old Boulder Dam Highway, despite opposition from neighbors who fear low-income residents that may be involved in crime. Neighbors Judy and Norm …

Arizona MH Community Destined to Move Forward Despite Neighbors’ Opposition Read More

Lending to Single-family Home Builders Rises in Q1 2016

By / June 8, 2016 / Business, home buyers, Manufactured and Modular Housing News, Trends

A new report by the National Association of Home Builders (NAHB) states that banks increased their lending to single-family home builders by $2.3 billion in Q1 2016, almost 18 percent higher than lending in the same period one year ago. The NAHB’s analysis of of recent Federal Deposit Insurance Corp. …

Lending to Single-family Home Builders Rises in Q1 2016 Read More

Homebuyers Seek Lower Price on Site-built than the Offering

By / June 7, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

In a survey conducted by the National Association for Home Builders (NAHB), 59 percent of would-be homebuyers said $249,000 was their limit to spend on a new home, but 65 percent of the homes begun in 2015 were over that limit. According to what builderonline tells MHProNews, 31 percent set …

Homebuyers Seek Lower Price on Site-built than the Offering Read More

Manufactured Home Production Continues its Upward Trend

By / June 6, 2016 / Announcements, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that statistics compiled on behalf of the Department of Housing and Urban Development (HUD) indicate that HUD Code manufacturers produced 6,689 homes in April, a 9.9 percent increase over the 6,085 homes produced in April 2015. For 2016, total …

Manufactured Home Production Continues its Upward Trend Read More

New CFPB Ruling Broadens Lending in Rural Areas

By / June 6, 2016 / Announcements, Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes

For many years rural housing issues have been to the housing market what middle America has been to the east and west coasts—the flyover zone. Eighty percent of U. S. land is rural comprising just 20 percent of the population, says CoreLogic‘s Faith Schwartz, adding that rural housing is “a …

New CFPB Ruling Broadens Lending in Rural Areas Read More

New York Commits $59 Million to Rehab/Replace Housing, including Manufactured Homes

By / June 3, 2016 / Awards, home buyers, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from thedailynewsonline that New York Gov. Andrew Coumo has announced $59 million in funds to rehabilitate, construct and otherwise contribute to a decent place to call home for income eligible applicants who own their own homes, including replacing manufactured homes. Operated through the New York State Homes …

New York Commits $59 Million to Rehab/Replace Housing, including Manufactured Homes Read More

MHARR’s Mark Weiss Chides the DOE and MHI for their “Buddy System”

By / June 3, 2016 / home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, People, Small Business

The Department of Energy (DOE) sent the Manufactured Housing Institute (MHI) a copy of the  proposed new energy standards rule before its official publication, leading MHProNews and MHLivingNews publisher L. A. “Tony” Kovach to contact M. Mark Weiss, the President and CEO of the Manufactured Housing Association for Regulatory Reform …

MHARR’s Mark Weiss Chides the DOE and MHI for their “Buddy System” Read More

Manufactured Home Lender Opening Branch in Jupiter, Fla.

By / June 2, 2016 / Business, Company News, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

Fannie Mae/Freddie Mac seller/servicer and Ginnie Mae issuer, Platinum Home Mortgage tells MHProNews it has opened a branch in Jupiter, Florida, its seventh new location this year. In addition to an in-house manufactured home financing program, the bank will offer conventional, non-qualified mortgage, Federal Housing Administration (FHA), Veterans Affairs, U. …

Manufactured Home Lender Opening Branch in Jupiter, Fla. Read More

Housing Counseling Advisory Committee Created by HUD

By / June 2, 2016 / Advocacy, home buyers, Manufactured and Modular Housing News

In an effort to determine more methods of providing counseling for new homebuyers and troubled homeowners, the U. S. Department of Housing and Urban Development (HUD) has created a new Housing Counseling Federal Advisory Committee as mandated by the Dodd-Frank Act. Made up of three representatives from each of the …

Housing Counseling Advisory Committee Created by HUD Read More

Commercial Interest in Green Growing, but not for Home Buyers

By / June 2, 2016 / Business, Economy, Green, home buyers, Manufactured and Modular Housing News, Trends

A survey of 150 homebuyers by the National Association of Home Builders (NAHB) revealed they have remained consistent in their preferences for green features in their homes and their communities from 2007 to 2015. Similar to results from previous years, of those surveyed 90 percent said ENERGY STAR were important, …

Commercial Interest in Green Growing, but not for Home Buyers Read More

Tax on $3.5 Million Home only $29

By / May 31, 2016 / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home, regulation

Fans of 1970s TV shows may recall that James Garner played a private eye named Jim Rockford in The Rockford Files, and he lived in a pre-HUD Code home sited on a deserted parking lot in Paradise Cove with a view of the Malibu coastline. The deserted parking lot with …

Tax on $3.5 Million Home only $29 Read More

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Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending

By / May 31, 2016 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

Steve Sinovic, writing in abqjournal, says sales of manufactured home sales are up, a popular and affordable housing choice for New Mexicans, some eighteen percent of whom live in manufactured housing. However, financing costs are being driven up by the Consumer Financial Protection Bureau (CFPB) implementation of the Dodd-Frank law. Additionally, …

Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending Read More

Manufactured Housing is Moving in New Mexico

By / May 30, 2016 / Business, Company News, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, Trends

Mark Duran, executive director of the New Mexico Manufactured Housing Association, stated the resurgence in appeal of the manufactured home (MH) stems from the desire of home ownership, built-in amenities and lower cost, and today’s buyers range from the starter home set to the well-being who have often cashed out …

Manufactured Housing is Moving in New Mexico Read More

Minority-owned Builder Plans Modular Homes as Infill in Minneapolis

By / May 29, 2016 / Announcements, Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

In an attempt to revitalize Minneapolis’ North Side which is plagued with crime, high unemployment and boarded-up housing, the largest black-owned business in Minnesota is moving its headquarters to the area. It intends to establish a new company that will sell and site modular homes as infill for some of …

Minority-owned Builder Plans Modular Homes as Infill in Minneapolis Read More

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016

By / May 28, 2016 / Advocacy, Announcements, Awards, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People, regulation, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com NeighborWorks, Clayton Homes Partner with Next Step Homes in Waco, Texas How a Professional Couple saved $100,000 on a New Home in Tennessee What’s New in Manufactured Housing Industry Professional News MH Communities closing in Minnesota, New York. Cavco stock closes above $100. …

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016 Read More

New Home Sales Spike; Pending and Existing Home Sales also Rise

By / May 27, 2016 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Trends

Pending home sales rose for the third consecutive month in April, this time hitting the highest level since Feb. 2006, as 12newsnow reports to MHProNews. The National Association of Realtors (NAR) said its seasonally adjusted pending home sales index billowed 5.1 percent in April to 116.3, just shy of the …

New Home Sales Spike; Pending and Existing Home Sales also Rise Read More

Modular Home Dealer Ordered to Jail on 21 Theft Charges

By / May 27, 2016 / Business, Company News, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular, People

Harking back to a post MHProNews published Feb. 23, 2016 regarding Wyoming Homes owner David Valenti pleading guilty to 19 counts of theft for not delivering modular homes for which he had been paid, he has now pleaded guilty to 21 counts of theft, alleging he stole over $240,000 from …

Modular Home Dealer Ordered to Jail on 21 Theft Charges Read More

Lawsuit Charges Eviction from MH Community is Discriminatory

By / May 26, 2016 / Advocacy, Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews posted a story May 25, 2016 regarding the Waples Mobile Home Park in Fairfax, VA being charged with violation of federal and state fair housing laws for evicting residents who do not have Social Security cards, which a legal aid group says is discriminatory because it disproportionately affects Latinos. …

Lawsuit Charges Eviction from MH Community is Discriminatory Read More

New Home Sales Surge in April, especially in the Northeast

By / May 25, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

Good news for the spring buying season came in the form of new home sales trumpeting 16.6% in April, the best monthly rate since 2008, as sales rose to a seasonally-adjusted annual rate (SAAR) of 619,000 units, up from 531,000 in March. According to the Commerce Department, as reported to …

New Home Sales Surge in April, especially in the Northeast Read More

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