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.
In the news from CNNMoney: Pharmaceutical stocks pull down markets. New York Fed Chief says interest rate hike will come this year. Trump says unemployment rate is 42 percent. Global economic slowdown affects also stocks. Apple sells record 13 million new iPhones. Porsche introduces electric car to compete with Tesla. …
The Manufactured Housing Institute (MHI) informs MHProNews that data regarding lending at 7,000 financial institutions and covering nearly 10 million mortgage applications and six million loan originations reveals manufactured home lenders are not making HOEPA (Home Ownership and Equity Protection Act) loans because of the increased liability and burdensome rules …
Data Confirms Dodd-Frank Regulations Impede Manufactured Home Loans Read More
A June 2015 Freddie Mac survey reveals that 55 percent of renters of both single-family homes and multifamily homes plan to continue renting in the next three years, although 67 percent of multifamily renters and 60 percent of single-family renters say they are satisfied with their rental experience. However, 53 …
Single-family Renter Households more Likely to Buy Read More
Following a story MHProNews posted Aug. 20, 2015 regarding the purchase of Signature Seating in New Haven, IN by Lippert Components, Inc. of Elkhart, IN, kpcnews reports the $16 million acquisition also includes a plant in Auburn, IN where Lippert will invest $800,000 in new equipment. While Lippert is seeking …
Lippert Seeking Tax Abatement for Newly Acquired Plant in Indiana Read More
What’s New in public focused Manufactured HomeLivingNews.com The Kennedy – Model Home Video Tour – New Durham Estates, Westville, IN Jack and Betsy Norman, Whispering Pines 55+ Manufactured Home Community, Somerset, PA What’s New in Manufactured Housing Industry Professional News Justice Dept. settles two MHC discrimination suits. Judge clears path …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 20-Sept. 27, 2015 Read More
Montana State District Court Judge George Huss abruptly ended a jury trial early in Bozeman, and awarded a development corporation $650,000 to be paid by the Gallatin County Commission for denying a proposal to develop the Gateway Village subdivision and site factory-built homes, MHProNews has learned. The commission had denied …
Judge Orders Approval of Contested Factory-built Subdivision, Awards $650,000 Read More
The Manufactured Housing Institute (MHI) informs MHProNews that Darryl Searer, president and chairman of the RV/MH Hall of Fame in Elkhart, Indiana reports $54,000 was raised toward Kevin Clayton’s Debt Elimination Challenge at the 4th International Networking Roundtable for Land-Lease-Lifestyle Communities in San Diego, California. Champion Home Builders, Inc. donated …
$54,000 Raised Towards Eliminating RV/MH Hall Debt Read More
A complex of modular housing units in a small town in southern Italy when viewed from the air looks like swastikas, according to what thetimesofisrael tells MHProNews. Nestled in a neighborhood of the small town of Specchiolla in the Province of Brindisi, the four housing units that form each swastika …
Modular Housing in Italy, U. S. Look Nefarious from Air Read More
In the news from CNNMoney: VW has chosen new CEO. The Oak Ridge National Laboratories has developed a way to charge your electric car while on the road. Traverse City, Michigan is best U. S. beer town. America’s companies are hoarding $1.4 trillion in cash. GroupOn is laying off 1,100 …
As soon as the manufactured home (MH) Donna Lewis purchased for $125,000 arrived, she realized there were problems, according to mynews4 in Reno, Nevada. “The home came severely damaged,” she told us. “It had an accident on the way. It looked like a bomb had gone off. Walls ripped open, …
Production Errors on Manufactured Homes Being Investigated Read More
According to what multifamilyexecutive tells MHProNews, demand for more housing units is expected to reach 13.9 million to 15.9 million by 2024 as more households are formed. “Household formation has been depressed in recent years by a long, jobless recovery and by a lull in the growth of the working …
MBA Report: Household Formation may Rise to Nearly 16 million by 2024 Read More
Sales of new homes in August rose sharply to a seven-year high, increasing 5.7 percent to a seasonally-adjusted annual rate (SAAR) of 552,000, well above forecasts of economists surveyed by Bloomberg. July’s rate was revised upward to 522,000 from 507,000, according to the Commerce Dept., as homebuyers continue to take …
New Home Sales Rise in August, but Fed Head Concerned Read More
According to the Mortgage Bankers Association (MBA), mortgage applications rose 14 percent on a seasonally adjusted basis for the week ending Sept. 18. MBA Chief Economist Mike Fratantoni noted the rate declined towards the end of the week which “likely drove applications from both prospective homebuyers and borrowers looking to …
MHProNews has learned from Nasdaq that Universal Forest Products, Inc. (NYSE:UFPI) has bright prospects for future growth but is dependent in the near term on housing construction, which is not consistent. The company earns top grades for expanding and improving its product line, and expects to generate sales of $3 …
In the news from CNNMoney: New home sales in August hit highest peak since 2008. Caterpillar to cut 10,000 jobs. Pope Francis: “The environmental challenge we are undergoing, and its human roots, concerns and affects us all.” Mexico is Latin America’s success story. Number of oil rigs in North Dakota …
Following a story MHProNews first posted Aug. 18, 2015 regarding a 3D printed home and car in a collaborative effort of Clayton Homes, the Oak Ridge National Laboratories (ORNL) and 20 other agencies including students from the University of Tennessee, the finished product was on display at ORNL’s Industry Day …
On the heels of the wild fires that have scorched areas of northern California in recent weeks and destroyed 1,230 homes, the Federal Emergency Management Agency (FEMA) took an aerial view of the Valley Fire devastation following President Barack Obama’s declaration of Lake County as a disaster zone. FEMA has …
Following a story MHProNews last posted Sept. 15, 2015 regarding the proposed housing of homeless families in modular homes, the social support agency of the Archdiocese of Dublin, Crosscare, weighed in with its support of the proposal as an interim solution to the shortage of social housing in Dublin, reports …
While some have called it a 100-year flood, there’s no question about the rushing waters in June that destroyed the majority of Lusk, a small town in east central Wyoming near the Nebraska border, as starherald informs MHProNews. An auction of 100 donated items Sept. 18, 2015 raised $123,000 to …
FEMA Provides Manufactured Homes to Flood-damaged Wyoming Town Read More
In the news from CNNMoney: Bill Gross, bond fund manager for Janus Capital, wants a rate hike now. Divest Invest moves assets away from investing in fossil fuel development, now represents $2.6 trillion in assets. Economic growth in cities rose 2.3 percent in 2014, the best year since 2006. Meanwhile, …
Stocks Relatively Quiet, but MHCV Outperforms Dow, Nasdaq and S&P, Gains +0.29% Read More
