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.
Capping a 14-year legal battle between the city of San Rafael, California and Contempo Marin manufactured housing community (MHC), the United States Supreme Court let stand a lower court ruling that favored the city’s rent control ordinance. A U. S. district court ruled in favor of the Contempo, owned by …
U. S. Supreme Court Refuses to Hear Equity LifeStyle Properties Appeal Read More
Toys collected by the residents of the Rose Garden Manufactured Home Resort in Surprise, Arizona just outside Phoenix were donated in support of the Surprise Police Department’s annual toy drive, according to yourwestvalley.com. Over 130 residents each donated a new toy and a roll of wrapping paper, as MHProNews has …
Manufactured Home Residents Donate Toys to Surprise Police Department Read More
In Mayes County, Oklahoma, any 62 year-old (or older) head of the household whose gross annual income for the preceding year did not exceed $22,000 or 50 percent of the U. S. Department of Housing and Urban Development (HUD) median family income for the county may receive a Manufactured Home …
Manufactured Home Owners to Receive Property Tax Exemption Read More
Good news from some of the largest financial institutions spurred investors back to the trading table, sending the Dow up over 100 points, as the Nasdaq and S&P responded positively as well. CNNMoney reports the Dow gained +115.92 points, +0.71 percent, to close at 16,373.86. The Nasdaq moved up +1.69 …
Cavco Gains Nearly Four Percent; Nasdaq Advances 1.69 Percent Read More
John Kozal, an engineer with Universal Forest Products, Inc. (UFPI) since 1994, has been mentoring high school students doing home design and construction since 2009, first at Union High in Grand Rapids, Michigan, and now at Central High. Seven students in particular received his undivided attention, according to schoolnewsnetwork.org, and …
UFPI Engineer Mentors High School Students in Home Building Read More
Following up on a story we first covered Jan. 9, 2014 regarding a dispute over the rewarding of a debris removal contract in Orangeburg County, South Carolina, a subsidiary of Santee Modular Homes in South Carolina is suing the county for failing to comply with federal guidelines and county guidelines …
The town board of Richmond, in St. Croix County, Wisconsin, has passed a series of ordinances governing the placement, licensing, age, size, and structure of manufactured homes and the manufactured housing communities in which they might be sited in the city. The newrichmond-news.com reports violations could draw fines ranging from …
Mel Watt, the new Federal Housing Finance Agency (FHFA) director, is appointing four special advisors to assist him with policy and strategic decisions, MHProNews.com has learned from nationalmortgagenews.com. Megan Moore, who worked at the Treasury Department’s Office of Legislative Affairs, will be special advisor for intergovernmental affairs; Bob Ryan served …
The House Financial Services Committee (HFSC) will hold a hearing Tuesday morning, Jan. 14, 2014, on the effects of the Qualified Mortgage rule that became law two days before the scheduled session. HSFC Chairman Jeb Hensarling (R-TX) has long opposed the Dodd-Frank Act, saying the regulations unduly tighten credit for …
Effects of Qualified Mortgage Rule Discussed Two Days in Read More
Investors moved back from the dance floor today with concerns about the weak jobs report on Friday and the Federal Reserve’s impending paring of its stimulus, as all three major indexes closed down. CNNMoney reports the Dow dropped -179.11 points, -1.09 percent, to close at 16,257.94. The Nasdaq fell -1.47 …
Canada’s Killam Properties, Inc. (TSX:KMP) will release its Dec. 31, 2013 year-end financials on Tue., Feb. 18, 2014 after the market closes. A live audio webcast and conference call to discuss the results will be held the following day, Wed., Feb. 19 at 10:00 AM eastern time, according to wsjonline.com. …
Argentinian studio 4L arq has designed an affordable modular home for a vulnerable group of single mothers in the Argentina city of Cutral Co, Neuquen, Argentina. Made of concrete panels, the design process involved the future inhabitants of the homes each step of the way, MHProNews.com has learned from designboom.com. …
The marsfieldnewsherald.com reports that manufactured and modular home builder Liberty Homes, Inc. of Dorchester, Wisconsin was chosen to receive a visit from the current Alice in Dairyland, Kristin Olson. Olson is the ambassador of the WI Department of Agriculture, promoting agricultural products to the state, country and world, logging 40,000 …
In light of enrollment at Central High School in Tioga, North Dakota increasing 150 percent in the last six years, a $9.9 million bond issue before voters January 16 will alleviate overcrowding in school districts responding to the influx of workers drawn by the Bakken oil field. In October the …
None of the three major indexes moved more than one-half percentage point up or down as investors speculated what the Federal Reaerve might do in light of December’s poor jobs report. CNNMoney reports the Dow slid -7.71 points, -0.05 percent, to close at 16,437.05. The Nasdaq advanced +0.44 percent, +18.48 …
Cavco Industries Posts Largest Gain of Tracked Housing Stocks Read More
Building products company USG converted notes held by Berkshire Hathaway into an equity stake, making Warren Buffett’s company the largest shareholder in the company at 30.5 percent. During the financial crisis in Nov. 2008, as wsj.com reports, Berkshire invested $300 million in convertible notes at a 10% interest rate. Fairfax …
Ten new honorees will be inducted into the RV/MH Hall of Fame Class of 2014 on Aug. 4, 2014 at the Hall facility in Elkhart, Indiana. MHProNews has learned the inductees from the manufactured housing industry are: • Barry Cole, president of Manufactured Housing Insurance Services and Cole Housing Corp.(insurance …
Speaking to the National Association of Realtors (NAR), Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said the new mortgage regulations that take effect today, Jan. 10, 2014 will protect consumers from the type of risky loan products that contributed to The Great Recession and housing bubble. Reminding NAR members …
CFPB Director Cordray Addresses the National Association of Realtors Read More
The Wildhorse Estates subdivision in Florence, Arizona has 84 large lots designated for manufactured homes (MH), but there are only 15 MH sited, and the remainder are site-built homes, making it out of compliance with county zoning. Many homes have horses and other farm animals, some of which have more …
Housing finance reform is expected to be at the top of the agenda in Congress at the beginning of the new session, but unless the initiatives move forward quickly, chances increase they will stall as the mid-term elections approach in November. The bi-partisan proposal introduced in the Senate will pare …
Will Housing Finance Reform Please come Forward? Or Not Read More
