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.
Strength in the health care sector sent the Dow to another record high, as all three indexes advanced in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained +0.61 percent, +89.16 points, to close at 14,662.01. The Nasdaq moved up +0.48 percent, +15.69 points, to close at 3,254.86, while …
According to the Conference of State Bank Supervisors, nationalmortgagenews says as of April 1, 2013, 20 states have signed on to a uniform state test for loan originators, allowing them to operate in those states without being re-tested. Another six states will be on board by October. As MHProNews has …
DelMarVa report from north of Millsboro Del. owner Helen Cropper has been unable to repair the drinking water problem at Forest Park MHC, and will now have to raise rents to pay for the fix. In he past ten years the water has had an unacceptable level of nitrates 95 …
According to gosanangelo, the San Angelo City Council in south central Texas is anticipating the arrival of oil field workers and wants to legally define where the expected RVs will locate. Currently they are allowed in manufactured home communities, but cannot exceed over 30 percent of the units sited there. …
The Manufactured Housing Institute (MHI) reports home manufacturers Clayton Homes, Fleetwood Homes, Golden West Homes, Hallmark Homes, Karsten Homes, and Skyline Corp. will partner with the Calif. Manufactured Housing Institute and the Systems Building Research Alliance to research new and innovative envelope systems. With wall and roof building technologies expected …
HousingWire informs MHProNews that in January, 2013 applications for loans insured by the Federal Housing Administration (FHA) rose to 147,509, an increase from 127,057 in December and up from 126,835 January 2012. In January the FHA insured 134,461 single-family homes, an increase from 113,856 the prior month and 102,011 from …
Increased optimism, higher attendance and more sales by factory-builders were reported by those who attended the 2013 Tunica Manufactured Housing Show. Kevin Flaherty, Vice President of Marketing at Champion Enterprises, told MHProNews that “Champion had a very successful show with most retailers citing a significant increase in lot traffic starting …
2013 Tunica Manufactured Housing Show – by the Numbers Read More
The Institute for Supply Management’s monthly manufacturing index for March registered 51.3., lower than estimates of 54.0 and also below the Feb. numbers, according to CNNMoney, which also noted that many traders had not returned from the holiday weekend. The three major indexes closed down slightly. The Dow Jones Industrial …
Updating an article we posted Feb. 11, 2013 regarding Clayton Homes’ teaming with teacher Patricia Bradley to open Tenn.’s first STEM (science, technology, engineering and math) school, KnoxNews says the Clayton-Bradley Academy in Maryville has hired a full staff of teachers and enrolled half of the anticipated K-6 students. Adjacent …
Writing in the albirminghamnews, Professor Scott Bealuier of Troy University says to speak of a housing market recovery is premature. He says the recovery so far is minor when compared to what the housing market was pre 2006. It’s now a government-driven recovery supported by the Fed’s monthly purchase of …
RVBusinses informs MHProNews Elkhart County, Indiana led the nation in job growth for the period Sept 2011 to Sept. 2012 for the largest U. S. counties, with 6.9 percent versus the national rate of 1.6 percent, according to the Bureau of Labor Statistics. While Elkhart hosts several component suppliers to …
According to bizjournals, Thomas M. Saltsgiver, president and founder of modular builder Muncy Homes, Inc. of Muncy, Penn., has applied with the Pennsylvania Dept. of Banking and Securities to acquire 85 percent of the common stock of First Cornerstone Bank in King of Prussia, Penn. While the bank is 90 …
According to coastlinepilot, Chicago-based Hometown America Communities is preparing to purchase 158-homesite Laguna Terrace Park MHC of Laguna Beach, Calif., just south of Los Angeles. MHProNews has learned the property is owned by Amy Esslinger, widow of the late Steve Esslinger, who had tried to convert the property to resident …
Hometown America to Buy California Land Lease Community Read More
In updating a story we first posted Feb. 7, 2013, myfoxny informs MHProNews, 17 modular homes have been acquired by the Affordable Housing Alliance in Eatontown, NJ with $1 million donated by the Robin Hood Foundation. Originally, Robin Hood had distributed $45 million of $67 million raised, including funds from …
Modular Homes being Sited for Hurricane Sandy Victims Read More
U.S. Markets were closed today in honor of Good Friday. They will reopen Monday April 1 at 9 A.M. (Photo credit: Wikipedia–New York Stock Exchange)
The Manufactured Housing Institute (MHI) informs MHProNews hearings were held March 19 by both the House and the Senate on housing finance reform. Texas Chairman of the House Financial Services Committee Jeb Hensarling stated he wants to abolish Freddie Mae and Freddie Mac and privatize the secondary mortgage market. Acting …
The 2013 Tunica Manufactured Home Show wrapped up today with light rains falling after two days of sunshine. The initial post show numbers reflect that a total of 2,204 total attendees and exhibitors came, a significant increase over 2012. Manufacturers, suppliers and lenders indicated they had ‘a good show.’ Association …
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) informs MHProNews the Iowa House of Representatives has passed HF495, affecting 562A, applies to landlords who own the home and land. On properties that rent for under $700/mth, the late fee charge could be no greater than $12 a day, with …
According to a members survey by the National Association of Home Builders (NAHB), since June 2012 labor shortages in all aspects of the home-building trade are driving prices up, and nearly half say they have been delayed in finishing projects on time. 1.4 million housing jobs left the industry during …
Following up on an MHProNews post from Jan. 25, 2013 regarding an MHC’s attempt to convert to a resident-owned community and the ensuing legal battle with the Huntington Beach (CA) City Council trying to prevent it, the threat of a contempt of court trial against the city finally ended in …
