News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
A new ordinance requiring all manufactured homes (MH) being moved from one property to another within the county must have been produced no more than seven years from the request date for the permit, under a zoning change that takes effect in Mojave County, Arizona, Dec. 2, 2015. The previous …
Ordinance Requires Manufactured Homes to be Under Seven Years Read More
According to the National Association of Realtors (NAR) home prices rose in 87 percent of U. S. metro markets during the third quarter, down from the second quarter when 93 percent of metro areas saw increases for existing single-family homes. In 154 of 178 areas measured, the median price of …
The U. S. Department of Housing and Urban Development (HUD) will provide $500,000 through the Federal HOME Investment Partnerships Program to assist first-time homebuyers in Nassau County, New York purchase a home, including manufactured homes. Eligible applicants can receive up to $25,000 for down payment/closing costs of a new or …
$25k Grant Available for First Time Home Buyers on Long Island Read More
For 20 years the Biddeford-Saco Rotary Club in Biddefore, Maine has enjoyed a successful relationship with the Biddeford Regional Center of Technology (COT) in the construction of energy-efficient modular homes. As mainelymediallc informs MHProNews,upon completion the homes are sold by the club and the revenues are returned to the school …
Rotary Club Partners with School to Build Modular Homes, Do Rehab Read More
In the news from CNNMoney: Americans buying gold at a rate unseen since financial crisis. Atlanta Braves fans can buy non-voting shares of team. Russia’s economy keeps shrinking. Zombie debt collection scams on the rise. Aston Kutcher launches tech lab to fight child exploitation. Trump gave Saturday Night Live its …
MH-related Stocks all drop or Remain even–No Gainers Read More
Chicago Federal Reserve President Charles Evans, noting “the outlook for inflation remains too low,” said inflation does not currently have enough upward momentum to justify raising interest rates before some time next year. He added rate increases should be very gradual after the initial increase, as reuters informs MHProNews. Speaking …
Residents of Franklin County in northern Alabama may be eligible to each receive $25,000 for home repair or replacement, regardless of whether the damage was the direct result of the tornadoes that tore through the area in 2011. According to franklincountytimes, this is the second round of funding through the …
$25k CDBG Funds to Replace Manufactured Homes in Alabama Read More
MHProNews has learned from insidertradingreport that the president of Fleetwood Homes division of Cavco Industries, Inc. (CVCO), Charles E. Lott, sold 1,516 shares of Cavco stock on Nov 6, 2015, as reported to the Securities and Exchange Commission. The shares were sold at $95.25 for a total value of $144,399.00. …
The former president and CEO of Ginnie Mae, Joseph Murin, said the Obama administration is not looking to recapitalize GSEs Fannie Mae and Freddie Mac, preferring to leave them as a conservatorship from which funds can be extracted as needed. Also, he does not believe reform of the government-sponsored enterprises …
Former Head of Ginnie Mae does not Envision GSE Reform Soon Read More
In the news from CNNMoney: Disney pushing to bring NFL back to LA. Berkeley opts for $15 minimum wage, instead of $19. CEO Patrick Byrne of Overstock calls economy “Yellen’s Magic Money Machine.” Fox draws 13.5 million viewers, just short of CNBC’s 14 million. Joe’s Crab Shack is now no …
MH-Related Stocks Mostly Quiet, but Skyline Gains 3.57% Read More
Blue Ridge Log Cabins of Campobello, South Carolina has received two national home building awards during the Building Systems Council’s (BSC) Showcase, which is the only national conference and educational event focused exclusively on the systems-built industry. As prnewswire informs MHProNews, Blue Ridge was honored as part of the 2016 …
Upscale Log Cabin Builder Honored at Building Systems Showcase Read More
In data reported by Calculated Risk Blog, the National Association of Home Builders (NAHB) tells MHProNews the price of framing lumber has declined since 2013 when lumber prices approached housing bubble highs because of higher demand and supply constraints. In the first quarter of 2014, prices did not rise as …
One of the presenters at the Victorian Manufacturing Industry Showcase at Dandenong in Australia was modular home builder Prebuilt, as MHProNews understands. Established in 2003 in the Melbourne suburb of Kilsyth, Managing Director Rob Colquhoun said the company has moved away from conventional kit homes and is developing efficiencies that …
The operators of a 113- year-old community-based organic farm in East Austin, Texas, have had their fears of losing the farm to a luxury manufactured home (MH) development allayed, according to what mystatesman tells MHProNews. The Green Gate Farms occupies a portion of 250 acres purchased by Roberts Resorts of …
Organic Farm may share Space with Luxury Manufactured Homes Read More
MHProNews has been informed that a collaboration beginning in Dec. 2015 between Champion Home Builders, Inc. and MHVillage will provide the opportunity for visitors to MHVillage to connect with Champion retailers across the country for availability of different models. Additionally, through its extensive network of manufactured home communities (MHC), MHVillage …
Champion Homes and MHVillage Link up to Market Homes Read More
Jamie Schnur, Chief Administrative Officer for Drew Industries, Inc. (NYSE:DW) sold 2,115 shares of company stock on Nov. 5, 2015 for $60.52 per share for a net of $127,999.80, according to insidertradingeport. The transaction was disclosed to the Securities and Exchange Commission on Nov. 9. At present, company insiders own …
In the news from CNNMoney: Crayola launches its first coloring book…for adults. VW owners demand the company buy back their cars. Minimum wage workers on strike for $15/hr. Low oil prices could lead to energy shortages in the future as many producers stop drilling. China will hold global economy back …
Deer Valley Spikes 20% plus, while Nobility plunges -10.51% Read More
The Mortgage Bankers Association (MBA) tells MHProNews loan originations for multifamily and commercial properties rose in Q3 2015, increasing 12 percent over the third quarter of 2014, and three percent on a quarterly basis. Retail property loans posted the highest percent rise over last year, +39 percent, while multifamily property …
Maryville, Tennessee-based Clayton Homes has reported a net income increase of 31.1 percent for Q3 2015, to $189 million, according to a regulatory filing, says nationalmortgagenews. A subsidiary of Berkshire Hathaway, revenue rose due to an eight percent increase this year in home unit sales. Additionally, profit grew because of …
Builder confidence in the single-family 55+ housing market rose for the sixth quarter in a row, according to what the National Association of Homebuilders (NAHB) tells MHProNews, as the 55% + Housing Market Index edged up three points to 60. Any number above 50 indicates confidence is good. As consumeraffairsreports, …
Housing Market Confidence Index for 55+ Homes Rises Read More
