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.
According to the president of the Federal Home Land Bank (FHLB) of New York, Alfred DelliBovi says the need for affordable housing is becoming critical, especially as the availability of federal funds for housing decreases. As MHProNews has learned from nationalmortgagenews, each of the banks’ 11 districts has an Affordable […]
Affordable Housing Shortage is Critical; Dodd-Frank is “Deadening” Read More
As follow-up to a May 28 MHProNews post regarding a class-action suit filed against the Delaware Manufactured Housing Relocation Authority (DEMHRA) for allegedly collecting a $3 monthly fee for each home illegally, Deputy Attorney General Edward Black says the authority did approve the collecting. Brought by three manufactured housing community
Delaware Responds to Class-Action Lawsuit regarding Fees Read More
Mortgage applications rose five percent for the week ending June 7, a turnaround from the 11.5 percent drop the previous week, according to what the Mortgage Bankers Association (MBA) tells HousingWire. Although 11 percent lower than the two weeks prior, and 36 percent below the high point at the beginning
Mortgage Applications and Rates on the Rise Read More
According to the National Association of Realtors (NAR), five to six million renter households will be created within the next ten years, as reported in HousingWire. The Census Bureau says renting households increased substantially from 2008 to 39 million, and that number will rise to 41 million in two years.
Rental Market Continues to Expand Read More
As virtual-strategy.com tells MHProNews from Olympia, Wash., the Manufactured Housing Recreational Vehicle (MHRV) Show Association has donated a portion of its ticket sales from shows in Feb. and May, 2013 to Washington State Parks. A special presentation was held in Olympia when the association presented a check for $7,188 to
Manufactured Housing Supports Washington State Parks Read More
U. S. stocks started the day strong but began a downward trajectory as continuing concern over the Federal Reserve’s narrowing of its support for the economy led to the Dow dropping over 100 points. CNNMoney reports the Dow Jones Industrial Average lost -0.84 percent, -126.79 points, to close at 14,995.23.
Three Indexes, Most Tracked Housing Stocks Fall Read More
According to thetimes-tribune, a modular house built by some 50 students at Johnson college in Scranton, Penn. is scheduled to move up a winding road today where it will be sited and prepared for its new inhabitants. Although the school has been building modular homes as part of the construction
Students Complete Modular Home Read More
MHProNews has learned from brandoninfo the Brandon (Minn.) City Council has upheld the decision of the city’s Planning and Zoning Board of Adjustment to approve the siting of a modular home. Neighbors, claiming the residence will harm property values, had complained that the structure was a manufactured home and was
Modular Home Sited over Neighborhood Objections Read More
The demingheadlight informs MHProNews sales of single-family homes surpassed those of manufactured homes (MH) in Deming, NM in the southwest corner of the state in the last year. From May 2012 to June 2013 87 single-family homes were sold, as compared to 35 MH that changed hands in the same
Manufactured Home Sales Rise in New Mexico Read More
According to mywesttexas, as housing tightens in Midland, Texas, teachers for the Midland Independent School District (MISD) are finding housing they can afford scarce. The school administration and trustees are exploring homesite possibilities for 50 manufactured homes it intends to acquire and then rent to teachers for $500 a month.
School District wants Manufactured Housing for Teachers Read More
In an interview with reit.com, UMH Properties (NYSE:UMH) president and CEO Sam Landy says occupancy rates have risen at the company’s 68 manufactured home communities comprised of 12,800 homesites because of the strength of the rental market. UMH rented 200 units last year and intends to fill another 200 this
Tight Economy Spurs Rentals for UMH Read More
Investors, sensing the heavy hand of the Federal Reserve possibly withdrawing support from the economy along with other central banks, stepped back from the dance floor today as all three indexes dropped during a session of severe ups and downs. CNNMoney reports the Dow Jones Industrial Average moved down -0.76
Most Tracked Housing Stocks, Three Indexes Fall Read More
In an appeal from the Manufactured Housing Institute, MHI Chairman Nathan Smith says unless the Preserving Access to Manufactured Housing Act (H.R. 1779) becomes law, low-to-moderate income prospective buyers will face a tougher time trying to purchase a manufactured home, due to Dodd-Frank Act provisions. The bill will alter the
Threat to Industry Needs to be Addressed Read More
To meet the growing demand for housing in Atikokan, Ontario, Canada, Dave Bjorkman is opening Northwestern Modular Homes to provide an affordable alternative to stick-built homes. He says modular homes from the U S. are less expensive than Canadian models, so he buys from Skyline in Lancaster, Wis., Highland Manufacturing
Modular Homes Growing in the North Country Read More
The wacotrib informs MHProNews the city of West, Tex., that was hit with the April 17 fertilizer explosion, is exploring the feasibility of bringing modular units to house the residents displaced by the blast. Each structure would house two families, but would cost $10,000 to haul from Killeen, Tex., not
West, Tex. Considers Modular Housing Read More
According to capegazette.village soup, the Delaware Senate modified the rent justification measure that will limit manufactured housing community owners ability to raise rent, a story MHProNews has been following since March 8, 2013. As originally passed, SB 33 says landlords could increase rents based on a formula tied to the
Senate Modifies Rent Control Bill Read More
Updating a story MHProNews published April 23, 2013 concerning guidelines for homes in residential districts in Brooksville, Hernando County, Fla., tampabay reports the planning and zoning commission passed the ordinance 3-2. It resembles the “similarity ordinance” that was enacted in 2000 but then repealed in 2010 at the request of
Modular Home Spawns Restrictive Ordinance Read More
Investors stepped back from the market today, which had digested a good jobs report on Friday, sending all three indexes above one percent gains. But today, stocks drifted and moved very little. CNNMoney reports the Dow Jones Industrial Average nudged down -0.06 percent, -9.53 points, to close at 15,238.59. The
Three Major Indexes Move Little; Drew Draws the Best Hand Read More
The Manufactured Housing Institute (MHI) informs MHProNews leaders from MHI and the Manufactured Housing Association for Regulatory Reform (MHARR) met with Sen. Joe Donnelly (D-IN) seeking assistance for the appointment of a Non-Career Administrator for HUD’s Manufactured Housing Program. In spite of the industry’s efforts to have the position filled
Sen. Donnelly to Help Find Non-Career Administrator Read More
HousingWire reports a survey by Fannie Mae reveals ten percent more respondents in May than the previous month said it is a good time to sell a house, while five percent more said it is a better time to buy. Doug Duncan, chief economist at Fannie Mae, noting those who
Survey Says: Housing Market Perception Improves Read More
