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.
HousingWire reports that non-profit NeighborWorks America and Wells Fargo have provided $27 million in down payment assistance grants to help 1,624 moderate-income buyers purchase a home. Initially begun in Los Angeles and Atlanta in 2012, the program has provided $15,000 to $30,000 down payment grants to those who meet the …
Following a story we last published May 8, 2012 in which state-run Citizens Property Insurance in Florida stated it would no longer insure carports and porches, legislation has been filed in both chambers that would require them to do just that. In a bill backed by the Federation of Manufactured …
Legislation would Demand Insurer Offers Full Coverage Read More
The Manufactured Housing Institute’s (MHI) monthly economic report says 3,513 new manufactured homes were shipped in Dec. 2012, down 8.5 percent from Dec. 2011 shipments of 3,838 homes. MHProNews understand year-to-date shipments for 2012 stand at 54,891, an increase of 6.4 percent over the 51,606 homes shipped in 2011. (Photo …
On the heels of reaching a near-record high last week, the weight of Eurozone politics held sway, sending the Dow down over one hundred points. CNNMoney reports the Dow Jones Industrial Average fell -0.93 percent, -129.71 points, to end the day at 13,880.08. The Nasdaq dropped -1.51 percent, -47.93, to …
All Three Indexes Fall; Cavco and Patrick Take a Tumble Read More
Seacoastonline reports from Saddle River, New Jersey that the image of factory-built homes is notching up, as investors and high-end home shoppers see the benefits of an energy-efficient modular home with all the amenities and strength of a site-built home, customized to order via a 3D monitor and working with …
As MHProNews understands, more home show events are including factory-built housing in their lineup of vendors. The latest is the WNY Home and Garden Exposition at the Hamburg Fairground Events Center Feb. 7-10 in western New York, just south of Buffalo. Twin Lakes Homes of Yorkshire, NY will display a …
The salemnews reports from Peabody, Mass. the bunkhouse used by migrant workers who pick apples at a city-owned orchard is in such bad shape from normal wear and tear over the years the city may replace it with modular housing. Some of the same Jamaican fruit pickers have been coming …
According to Whiteville, the city of Whiteville in south central North Carolina has received a Community Development Block Grant (CDBG) of $525,000 under the new catalyst program, which requires strict non-discrimination procedures, and the city government must make every effort to include public input on how the funds are spent. …
The Olympian reports Puget Sound Energy (PSE) is offering free energy upgrades to residents of manufactured homes who have electric forced-air for their primary heat source in Thurston County, Wash., the Olympia area. With up to a $500 value per home, and four out of five manufactured homes with leaking …
Several Washington insiders have been invited to speak at the Manufactured Housing Institute’s (MHI) Legislative Conference and Winter Meeting Feb, 24-26 in Arlington, VA. The lineup includes Byron York, chief political reporter for the Washington Examiner and syndicated columnist; chief economist and vice-president of Freddie Mac Frank Nothaft, a noted …
Signs of an apparent healthy economy pushed the Dow above 14,000. for the first time since 2007, and less than 200 points from its all time high of 14,198.10. Good news from the job market, the manufacturing sector, construction spending and consumer sentiment spurred all three indexes over a one …
Dow Tops 14,000; Gains Spread over Most Stocks we Follow Read More
According to what nationalmortgagenews tells MHProNews, Comptroller of the Currency Thomas Curry says the Consumer Financial Protection Bureau (CFPB) is the “specialist examiner” while the other three regulatory agencies are “general practitioners.” Speaking to consumer compliance examiners, he stresses the importance of regulators working together on Dodd-Frank because “Some of …
The Times-Reporter reminds readers that manufactured home taxes for the first half of 2013 in Tuscawaras County, Ohio are due and payable March 1, 2013 at the treasurer’s office. For the first time payments may be made 24/7 at a drop box near the County Office Bldg. in downtown New …
GlobeNews reports Cavco Industries, Inc.’s financials for the fiscal third-quarter 2013 reveal net sales remained the same as for same quarter 2012–$114.6 million. Net income was $3 million for both. The first nine months of FY 2013, which ended Dec. 29, 2012 saw sales drop by $.01 million from the …
Modular builder and energy services provider Black Diamond Group Limited of Calgary, Alberta, Canada announces it will release its year-end and fourth quarter financials after the market closes Tue., March 12, 2013. Top company officials will discuss the results at 4:30 MST that same day. As PRWeb tells MHProNews, from …
NewsMail tells MHProNews 1,000 homes in the Bundaberg, Australia area will need assistance following floods that inundated Queensland in eastern Australia and shut down 300 roads, including two major highways to the state capital in Brisbane. Minister for Housing and Public Works Tim Mander says, “Right now we’ve got enough …
The CastinePatriot informs MHProNews from Castine, Maine the owner of an MHC wants the town’s selectmen to convene a work session on affordable housing because he wants to convert a portion of his community to modular homes on full foundations. The selectmen disbanded the affordable housing committee last year. While …
Although the first month of the year was very strong, with the Dow climbing over 500 points since the year’s beginning, investors clung to the sidelines today as initial jobless claims came in higher than economists expected. CNNMoney reports the Dow Jones Industrial Average nudged down -0.36 percent, -49.84 points, …
Nobility Shines, most Stocks Move Little as Month Ends Read More
In order to streamline nominations to the RV/MH Hall of Fame in Elkhart, Ind., the RV/MH Heritage Foundation has developed new guidelines: The nominee(s) must have been actively involved in the MH or RV industry for at least 25 years, and have a good, honorable, respectful reputation in support of …
New Guidelines for Nominations to the RV/MH Hall of Fame Read More
Wolfpack Chassis of Kendallville, Ind. has received $125,000 in seed money from non-profit Elevate Ventures’ Indiana Angel Network Fund (IANF), according to what insideindianabusiness tells MHProNews. Starting this winter, Wolfpack, located in northern Ind. near other MH and RV-related firms, will manufacture chassis and chassis components for the manufactured home …
