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.
As it is noted in the aransaspassprogress, the Ingleside on the Bay (IOB) City Council (Tex.) heard recommendations from a committee wanting to update the city’s MH/RV ordinance. They suggested no manufactured homes should be sited in the city, and RVs may visit an occupied dwelling for three days if …
MHProNews has learned from the Brunswick Times-Gazette an amendment to a Conditional Use Permit has been approved by the Brunswick County Board of Supervisors in Lawrenceville, Vir. The original permit was for Knob Hill Mobile Home Park, a 34 homesite manufactured housing community, previously approved. The amendment, also approved, allows …
After nearly seven years of planning, tworiverstribune tells MHProNews ground was finally broken May 17 for the Hoopa Valley Tribal Housing Authority project in northwestern California. Comprised of ten apartments and 13 single-family modular homes, the housing will be built in the Campbell Field Subdivision. The initial phase for the …
The starphoenix of Saskatoon, Saskatchewan, Canada tells MHProNews a modular housing complex for 180 people was completed in just 59 days at Cold Lake, Alberta, Canada. 3twenty Solutions of Saskatoon built the three-story complex for the Department of National Defense and to accommodate international visitors. Each room has two beds, …
Modular Housing Project Finished Within Two Months Read More
Concerns about what will happen when the Federal Reserve ends its quantitative easing led to stocks dropping sharply in today’s trading. CNNMoney reports the Dow Jones Industrial Average fell -106.59 points, almost the exact amount it gained in yesterday’s trading, -0.69 percent, to close at 15,302.80. The Nasdaq dropped -0.61 …
Three Major Indexes, most Tracked Housing Stocks Decline Read More
Woodward County Commissioners in Woodward, Okla. are moving forward on a zoning request change for a subdivision comprised of 36 one-acre lots for manufactured and modular housing as well as for stick-built homes. A public hearing is set for June 10 at a regularly scheduled county commissioners meeting for those …
The independentweekender informs MHProNews the Susquehanna County Redevelopment Authority plans to construct six modular, senior rental units in New Milford Borough in northeast Pennsylvania in an attempt to increase the affordable housing stock. The authority is seeking $1.1 million for the project through the Pennsylvania Housing Affordability and Rehabilitation Enhancement …
The tri-parishtimes informs MHProNews that alleged overpayments to several staff members and other wrongdoing by the Morgan City Housing Authority (MCHA) in Morgan City, Louisiana may be investigated by the Dept. of Housing and Urban Development (HUD), which would likely forestall a planned modular public housing community. Federal civil service …
Alleged Funds Mismanagement may Mar Affordable Mods Read More
MarketWire informs MHProNews the board of directors of Innovative Composites International, Inc. (ICI) has appointed Mark Rivers to serve as vice-chairman and interim CEO of the company, replacing Terry Ball, the previous CEO who has taken on the mantle of President and Chief Operating Officer (COO). ICI manufactures proprietary engineered …
MHProNews has learned from KRZK-FM the Forsyth Board of Aldermen in Forsyth, Missouri have been asked by city Fire Chief Nathan Bower to clarify the town’s manufactured housing regulations. The city attorney was directed to revise the ordinance so it will differentiate between a manufactured and a modular home. Forsyth …
City Needs to Distinguish between HUD Code and Mod Read More
Responding to news that housing prices recorded the biggest increase since 2007 and a consumer confidence reading marking a five year high, CNNMoney reports the Dow Jones Industrial Average hit a new record, surging 106.29 points, +0.69 percent, to close at 15,409.39. The Nasdaq gained +0.86 percent, +29.75 points, to …
MHProNews has learned from lincolnite.co.uk JR Pickstock Group and Elements Europe are building a 120 room modular student housing complex in Lincoln, United Kingdom, north of London. The seven-floored project will include studio apartments, cluster rooms and “buddy rooms” as well as a coffee shop on the ground floor. Modular …
The Delaware Manufactured Home Relocation Authority (DMHRA) would be the agency to enforce legislation now pending in the state house, SB 33, that would require MHC owners to seek approval for rent increases beyond a certain limit. It is now the target of a class action suit brought by three …
Lawsuit Contends State Lost Authority to Collect Fees Read More
From the Manufactured Housing Institute (MHI)’s newsletter MHProNews learns Rep. Blaine Luetkemeyer (R-MO), a member of the House Financial Services Committee, has introduced the Community Lending Enhancement and Regulatory Relief Act (CLEAR Act). H. R. 1750 is designed to help smaller financial institutions obtain capital and provide loans to their …
The washingtonpost informs MHProNews seniors whose income does not qualify them for a mortgage or refinancing a home under current tight credit, may now have more income for purposes of underwriting: Due to a rule change by the top home lenders, borrowers may now use retirement assets to improve their …
According to what Trulia tells MHProNews, based on housing starts, existing home sales, and the delinquency/foreclosure rate, the housing market is 54 percent back to normal. April housing starts dropped to an annualized rate of 853,000, down 16 percent from March to the lowest level since Nov. 2012, putting it …
Following a story we first published March 21, 2011 concerning the possible closing of Sunset Village MHC in Glenview, Ill. by Capital First Realty, and its subsequent placing in the hands of a court-appointed receiver as we reported July 2, 2011, it has now emerged from federal bankruptcy, according to …
The lancashiretelegraph reports from Great Britain four modular homes will be the first of their kind in the country when they are installed this summer in the city of Blackburn in Lancashire County. Commissioned by social housing firm Twin Valley Homes, and constructed at manufacturer Easybase Home Ltd’s factory, each …
The stock markets are closed today in observance of Memorial Day. (Photo credit: Wikipedia)
Allison Arieff says in The New York Times, in addition to the 1,500 modular apartment units at the 32-story Brooklyn Atlantic Yards and the ten-story micro modular apartments with 55 units being designed by nArchitects in Manhattan, GRO Architects is constructing over 300,000 square feet of modular housing in Baltimore …
Modular Multifamily Housing Growing in Urban Areas Read More
