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.
A better-than-expected jobless claims report buoyed the stock market today as CNNMoney reports the Dow Jones Industrial Average managed a +24.5 point gain, +0.17 percent, -to end the day at 14,700.90. The Nasdaq moved up +0.62 percent, +20.34 points, to close at 3,289.99, while the S&P advanced +0.40 percent, gaining […]
Patrick Spikes 14%+, as Major Indexes Advance Read More
The Indiana Manufactured Housing Association Recreational Vehicle Indiana Council (IMHA/RVIC) reports as the state legislature prepares to conclude its session for the year, the association continues to work on a manufactured housing tax issue that will limit impact on the industry. As MHProNews has been informed, other issues dealt with
Association Deals with Wide-Ranging Issues Read More
During testimony before the House Ways and Means Committee on residential real estate and tax reform, Robert Dietz of the National Association of Home Builders (NAHB), noting 40 percent of renters pay more than 30 percent of their income for household rent, urged Congress to maintain the mortgage interest deduction,
NAHB to Congress: Keep Housing Tax Incentives Read More
Updating a story MHProNews last covered April 27, 2011 regarding the wildfire that destroyed 488 of the 600 manufactured homes at the Oakridge Mobile Home Park in Sylmar, Calif. in Nov. 2008, 60 spanking new manufactured homes have risen from the ashes and are now rentals. The dailynews says the
Like a Phoenix from the Ashes… Read More
The Massachusetts Manufactured Housing Association (MMHA) is asking members to oppose Senate Bill 610 and House Bill 1116 (the same bill) because the proposed changes to the manufactured housing regulations include adding annual site fees of $10 per for a statewide dispute resolution program. Another bill would tie MHC licenses
Legislation Will Add $10 Fee Read More
Updating an MHProNews posting from March 27, 2013 regarding the modular home being assembled on the Empire State Plaza for the New York Housing Association Spring Symposium and Legislative Summit in Albany April 30-May 3, alloveralbany has a photo of the 1,300 square foot home. Stating manufactured housing is a
Factory-Built Home Days in New York Read More
Noting that baby boomers are poorer than their parents, with half of those facing retirement having less than $10,000 in the bank and one of six of them living in poverty, psmag informs MHProNews the residents of the 333 factory-built homes at Pismo Dunes Senior Park in central Calif. have
Senior Community Overlooks the Pacific Read More
Mediocre earnings reports and a drop in durable goods orders of -5.7 percent in March left many U. S. stocks flapping in the breeze, going nowhere, as the three major indexes moved little or not at all. CNNMoney reports the Dow Jones Industrial Average slid -0.14 percent, -43.16 points, to
Patrick, Skyline Corp. Shine; Major Indexes Barely Move Read More
According to nationalmortgagenews, banks are the ones walking away from vacant homes these days, starting but not completing the foreclosure process because they do not want the responsibility for maintaining the property, resulting in hundreds of thousands of homes being withheld from the market. In some cases, homeowners who have
Abandoned Homes Continuing to Hold Back the Market? Read More
The estevanmercury tells MHProNews the city council in Estevan, Saskatchewan, Canada is considering two proposals to help ease the housing shortage in the city. One is a modular subdivision with room for 474 homes proposed by developer Kurtis Dmuchowski of Regina-based West D Construction. He has offered to buy the
Modular Subdivision Proposed with 474 Homesites Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews Jeb Hensarling, (R-TX) Chairman of the House Financial Services Committee, says he cannot accept testimony from the Consumer Financial Protection Bureau’s (CFPB) director Richard Cordray on the semi-annual report since he is not a valid director. A federal appeals court
Testimony from Director Cordray not Acceptable Read More
MHProNews has learned from the Wall Street Journal there is rare bipartisan support in Congress to roll back a provision in the Dodd-Frank Act that could produce a decline in manufactured home lending, thereby hurting builders, lenders, and owners. A part of Dodd-Frank sets a threshold for interest rates beyond
Both Parties in Congress Favor Revising Dodd-Frank Read More
Investors reports Affiliated Managers Group, Inc. (NYSE:AMG) will report its financial results for the first quarter ending March 31, 2013 in a teleconference call on April 30, 2013 at 11 AM EST. Senior management will discuss quarterly results, and may include discussion of future financial operations. The live call and
AMG to Announce First Quarter Results Read More
Yesterday’s report that existing home sales declined in March was countered by today’s news that new home sales rose in last month, helping to push all three major indexes to gains above one percent on the day. The fake Associated Press report that two explosions rocked the White House, injuring
Deer Valley Spikes, Cavco, Patrick Advance; Major Indexes Gain 1%+ Each Read More
The National Association of Home Builders reports newly-released figures from the Dept. of Housing and Urban Development (HUD) and the Census Bureau indicate sales of newly-built single-family homes rose 1.5 percent in March, a seasonally-adjusted annual rate of 417,000 units. Says NAHB Chief Economist David Crowe, “The latest sales report
New Home Sales Rise in March Read More
According to tampabay, the Hernando County Commissioners meeting in Brooksville, Fla. are considering reinstating an ordinance similar to one originally passed in 2000 that required homes in single-family residential neighborhoods to look the same. The ordinance was eliminated in 2010 because it was an unnecessary regulation that necessitated too much
Modular Homes may be Regulated Again Read More
A modular home builder with operations in Aberdeen, South Dakota is hoping to open a facility in Fort Yates, North Dakota to provide housing for the Bakken Oil Field boom. As bismacktribune tells MHPronews, the ATechBuilder Corp. expects to hire 45 full time employees to build the 1,100 to 2,500
Another Home Supplier to Western North Dakota Read More
In a special report to MHProNews from the BrenhamBanner in Brenham, Texas, the city council reversed an earlier vote and decided to grant a request for a 106-site manufactured home subdivision. The original request from Adolph Wehmeyer for a road frontage variance was denied—city codes call for 200-400 feet frontage
Council Votes a Variance for New Manufactured Home Community Read More
MHProNews has learned while many indicators continue to show improvement in the housing market, sales of existing homes nudged down 0.6 percent in March from Feb. to an annualized rate of 492,000, but rose 10.3 percent from last Feb. CNNMoney reports average time homes were on the market fell from
News on Housing Market Still Good Overall Read More
BizJournals informs MHProNews Yogi Bear’s Jellystone Park in New York’s Wyoming County has been acquired by Sun Communities, Inc. of Southfield, Mich. The 100-acre family camping resort, which includes cabins, tent and RV sites, has been owned and operated by Sue and Scott Crumpton since 2004, and has a variety
Sun Rises in NY for First Time Read More
