The National Association of Home Builders (NAHB) told the Senate Banking Committee that Congress needs to take action to restore the availability of credit to home buyers and builders. NAHB Chief Economist David Crowe said, “Without access to credit, the residential construction industry will lose more small businesses and experience …
According to HousingWire.com, a new study by researchers at the Federal Bank of Cleveland says speculators who buy distressed housing in blighted urban centers may be doing more harm than good. Thomas Fitzpatrick and O. Emre Ergungor report if buyers do not buy through the banking system, liens, back taxes …
BostonSF reports residents of a Boston neighborhood are witnessing the first ever three-story modular home being put together in their area. Westchester Modular Homes of Greater Boston (WMHGB) supervised the assembly of the six-module unit. The 3,360-square-foot home sits on a lot only 20 square feet larger, and will feature …
Three-story Modular Home Rises in Tight Urban Setting Read More
Maryland’s law that requires sprinkler systems in manufactured and modular homes took effect Jan. 1. The Dagger News Service reports several families applied for permits for modular homes prior to that date in Harford County, but the state’s interpretation of the law is for the permit to take effect at …
The Dow dropped 107.01 points to 12,105.78 on news of continued unrest in Libya as oil prices rose for the second straight day. The Manufactured Housing Composite inched up 0.18 percent to 1098.80. Skyline dropped 2.78 percent, Cavco gained 1.44 percent, and Nobility Homes and Deer Valley remained unchanged.
The Corporation for Enterprise Development (CFED), a Washington, D.C.-based nonprofit, collaborates with Neighbor Works in their I’M HOME (Innovations in Manufactured Homes) program, which supports a wide range of sustainable, affordable housing. Realizing the need to change the framework that separates manufactured housing from stick-built, and to open doors to …
Nonprofit Seeks to Alter Landscape of Affordable Manufactured Housing Read More
For the first time in seven months, the monthly sales of existing homes were higher than the year before, reports the National Association of Realtors (NAR). Sales in January were up 2.7 percent over December to an annual rate of 5.36 million, and 5.3 percent better than January 2010, according …
Sales of Existing Homes Up, but Median Price Falls Read More
From the Philippines comes word that Solid Group Inc. has been authorized by its board to spend P20 million [c. $457,404.00] to import equipment to manufacture modular homes for a pilot project. According to BusinessWorld Online, this electronics producer, distributor and maker of MyPhone, which also is in real estate, made …
Old Dominion University and Hampton University in Norfolk, Virginia, have joined forces to compete in the international Solar Decathlon, a competition to design and build a totally green modular home from scratch. Funded in part by donations from alumni and contractors, the 30 students will be up against 19 other …
Two Virginia Schools in International Competition to Build Modular Home Read More
As of Dec. 31, the Mortgage Bankers Association (MBA) reports the rate of mortgage borrowers past due one payment was at 8.22 percent, the lowest rate since the end of 2007. This quarterly National Delinquency Survey also noted that homes repossessed by their banks hit the lowest rate since late …
Missed Payments and Repossessions Ease in Mortgage Crisis Read More
Sterling Homes Development Corporation, a Massachusetts-based custom home builder and renovator, has been recently providing modular homes in the Greater Boston area. Their exhibit space at the New England Home Show at the Seaport World Trade Center in Boston Feb. 24-27 will include a green modular home. According to PRNewswire, …
Traditional Home Builder Displays Modular Model at Show Read More
The executive director of the RV Hall of Fame in Elkhart, Indiana, says he is running out of funds to keep the facility open. According to WSBT-TV.com, Tom McNulty says a generous supporter died, which has led to the financial problems. He is hoping housing and RV manufacturers will help keep …
On Wednesday, February 16th, MHI-PAC hosted a fundraiser for Senator Olympia Snowe (R-ME). Senator Snowe sits on the Finance, Commerce and Small Business Committees and is a major Industry friend. MHI extended particular thanks to Kevin Clayton, President of Clayton Homes, was among those who attended this successful fundraiser, which …
MHI Says MHI-PAC Fundraiser for Senator Snowe a Success Read More
Two brothers in Calgary, Alberta, Canada are turning heads with their approach to modular housing. After developing their single and multi-family homes, Kris and Kurt Goodjohn of Karoleena Homes turned their pursuits to cabins, and have recently come up with a 650-square foot eco-friendly recreational model, Karo Cabin. According to …
After two years of investigation, The New York Times reports the criminal charges against Angelo R. Mozilo, former CEO of Countrywide Financial, the one-time largest mortgage lender in the U.S., have been dropped by federal prosecutors. The Securities and Exchange Commission settled their suit against him last fall for $67.5 …
Through a consortium of local, state, and community development organizations, the urban vacant lots that dot downtown St. Louis are beginning to be occupied by sustainable, affordable, modular homes built by Homeway Homes of Illinois. Featuring bamboo floors, Low-E Energy Star windows, high efficient HVAC and other aspects designed to …
Legislation introduced in the Iowa Senate Feb. 17 makes changes to existing laws regarding the sale and subsequent occupancy of manufactured homes in rental communities. The proposal deals with disclosure of title and tax assessment information by the seller, liens and mortgages encumbered by ownership, interest rates, abandoned homes, late …
Proposed Iowa Bill Covers Manufactured Home Rentals Read More
The Dow rose 73.11 points to close at 12,391.25, a two-year high. Skyline was down 3.87 percent, Cavco lost 1.18 percent and Nobility Homes was down .87 percent. The Manufactured Housing Composite lost 2.03 percent.
The Johnson County Health Department in Iowa City, Iowa, has denied the Regency Mobile Home Park’s appeal to charges it is not responsible for 28 abandoned manufactured homes that pose a health and safety risk. While agreeing that the homes need to be disposed of, Regency claims the responsibility for …
MH Community Charged with Responsibility for Abandoned Homes Read More
As foreclosures continue to extend the housing crisis, putting more people into rentals, rental vacancy has dropped, and with building costs holding steady, more apartments are being built to meet the demand. Multifamily housing starts in January, including apartments and townhouses, ramped up 78 percent over the previous month, the …
