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.
The nytimes informs MHProNews the turnaround in the housing industry has led to such a shortage of existing homes for sale that would-be buyers in some areas are reluctant to list their homes for fear it will sell before they can find a replacement. Others are waiting to see how …
As part of a special relationship with Wayne County’s Habitat for Humanity, students in Johnson College’s Carpentry and Cabinetmaking Technology Program in Scranton, Penn. will once again construct a modular home that will then be donated to a needy family identified by Habitat. As the pikecountycourier tells MHProNews, the annual …
The Federal Reserve reiterated its plan to continue buying $85 billion in Treasuries and mortgage-backed securities monthly until the job market improves, moving the three indexes into positive territory on hump day. CNNMoney reports the Dow Jones Industrial Average gained +0.39 percent, +55.91 points, to close at 14,511.73. The Nasdaq …
Manufactured Housing Composite Hits 1600; Most Tracked Stocks Gain Read More
MySuncoast reports from Venice, Fla. a magistrate in Sarasota County determined property taxes on some of the 19,000 manufactured homes in the county were improperly increased between 22 percent and 90 percent because the property appraiser’s office did not abide by Florida statutes. Although the companies that own the communities …
The Manufactured Housing Institute (MHI) is in the process of updating their bylaws, which was last done circa 2007, and led to controversy over proposed changes. The issue revolves in part around state association executives who seek to have a strong voice in MHI’s legislative and other agendas. MHI CEO …
According to baltimoresun, while new home construction is on the rise in Harford County, MD just northeast of Baltimore, it is well below the 1,800 to 2,000 residential permits issued in the early 2000’s. In 2012 the county issued 450 residential building permits for modular homes, townhomes, apartments and condos, …
DailyMarkets reports that Patrick Industries, Inc. (NASDAQ:PATK) of Elkhart, Ind., a component supplier to the manufactured housing and recreational industries, has appointed Michael A. Kitson to its board of directors. Kitson is the CEO of Nautic Global Group, a producer of recreational boats, and previously served as CFO of Nautic. …
The goldstreamgazette tells MHProNews the residents of Lombardy MHC in Langford, British Columbia, Canada near Vancouver have been living under the threat of their community being sold the past two years. The senior residents who comprise the 20 home community are protected somewhat by a policy passed by the city …
The National Association of Home Builders (NAHB) reports bipartisan legislation has been introduced in the House of Representatives to ease credit for the nation’s home builders. Sponsored by Reps. Carolyn McCarthy (D-NY) and Gary Miller (R-CA), H. R. 1255, the Home Construction Lending Regulatory Improvement Act, would address regulatory obstacles …
Bi-partisan Measure Introduced to Ease Tight Credit Read More
Although Baldwin County’s planning director recommended to the planning and zoning commission and to the county commission that 1.4 acres be re-zoned from single-family to manufactured housing in far south Alabama to permit siting of seven manufactured homes, the county commissioners denied the request. AL.com tells MHProNews a small contingent …
Proposal for Rezoning to Accommodate Manufactured Homes Denied Read More
The European Union reached a deal with Cyprus three days ago on the terms of a bailout, but now Cyprus legislators have turned down a tax on bank deposits, putting the bailout in jeopardy. Despite positive housing news, U. S. stocks finished the day mixed, with minimal movement of the …
Manufactured Housing Composite Shines, as Housing Stocks Falter Read More
Picked to head the Securities and Exchange Commission, Mary Jo White’s confirmation is all but assured as she breezed through the Senate Banking Committee 21-1 this morning. As originationnews tells MHProNews, only Sen. Sherrod Brown voted against her because he doe not think a Wall Street lawyer should be policing …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Federal Emergency Management Agency (FEMA)’s “Industry Days” to chart a course for the construction and logistics of emergency Temporary Housing Units (THUs) were largely question and answer sessions. At the March 15 day-long event, however, FEMA did note it …
Federal Emergency Management Agency Seeking Emergency Housing Read More
CNNMoney says building permits spiked 34 percent from Feb. 2012-Feb. 2013, and rose five percent from Jan. 2013, the top month for permits since June 2008, according to Census Bureau figures. While the permits amounted to an annual rate of 946,000, housing starts hit an annual pace of 917,000 in …
Mitch Zacks of zacksinvestmentmanagement says one of the major factors driving the stock market as it hits new highs is the strength of the job market, which has witnessed the strongest period of job increases in over five years, and a concurrent drop in unemployment claims to a five-year low. …
HousingWire informs MHProNews a letter from prominent state attorneys general is calling on President Obama to replace Edward DeMarco, the acting head of the Federal Housing Finance Agency (FHFA), because they say his policy of refusing to allow principal reductions on loans backed by the GSEs that could result in …
According to nationalmortgagenews, the first-quarter Zillow home price expectations survey reveals that 118 economists, real estate specialists, investment and market analysts believe home prices will rise this year 4.2 percent and hit 22 percent over the next five years, exceeding pre-bubble rates by 2017. While the most optimistic respondents say …
U. S. stocks slid on troubling financial news from the tiny island of Cyprus, reminding financial markets of the fragile nature of the European economy, although analysts do not think the effect will be very long-lasting. CNNMoney reports the Dow Jones Industrial Average edged down -0.43 percent, -62.05 points, to …
Skyline Regains Less than Half of Friday’s Loss; Major Indexes Slip Read More
MHProNews has learned from grandforksherald Genco Bakken Development is planning 200 affordable housing units in Grand Forks, ND in the northeast corner of the state. Genco finalized the purchased of 71 lots, named Thames Court, from the Grand Forks Housing Authority this month and intends to begin as soon as …
Single-family home builder confidence slipped for the third consecutive month, falling two points to 44 for March, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). MHProNews has learned any number above 50 indicates the outlook for the next six months is good rather than poor. …
