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.
Following up on the multiple housing woes of the northern Ontario (Canada) Cree Community of Attawapiskat with sewage backup problems off and on since 2009, forcing residents to evacuate their homes, as MHProNews last reported Feb. 5, 2013, now the homes and the community hospital have suffered the same fate […]
First Nation People need more Modular Homes Read More
ValleyNews from Mount Holly, Ver. tells MHProNews former state senator Will Hunter wants to turn an old roadhouse stopover for skiers in years gone by into a rehab house for 12 or so women who are recovering from substance abuse, and is asking the state for $300,000 to fund it.
Inmates May Build Modular Homes Read More
Reviewing the qualified mortgage (QM) rule handed down by the Consumer Financial Protection Bureau (CFPB), the Dept. of Housing and Urban Development (HUD), in trying to broaden access to Federal Housing Administration (FHA)-insured loans, may modify the safe harbor provision, as nationalmortgagenews informs MHProNews. Any interest rate that exceeds the
HUD Reviewing Qualified Mortgage Rule for FHA Read More
As nationalmortgagenews tells MHProNews, according to the Zillow Home Valaue Index, the home value appreciation rate slowed in the first quarter, dropping to 0.5 percent, as compared to 2.1 percent in the last quarter of 2012, even though overall national home prices rose in March for the 16th consecutive month.
Zillow: Home Value Rise to Slow Read More
MHProNews has learned from gainesville.com a planned 38 unit modular housing complex to accommodate 112 homeless veterans may be scuttled by the Veterans Administration because the Alachua Count Housing Authority (ACHA) has made “minimal progress toward completion,” according to a letter received by the authority from Jeffrey L. Quarles, director
Modular Housing for Vets Up in the Air Read More
According to what the americanbanker tells MHProNews from Washington, a bipartisan group of lawmakers is attempting to amend a provision that will adjust the thresholds of high-cost loans under the Home Ownership and Equity Protection Act for manufactured home loans, while maintaining consumer protections. Under the current provision scheduled to
Amendment to High Cost Lending Provision has Bi-partisan Support Read More
Although gross domestic product (GDP) increased in the first quarter, it fell short of economists’ expectations, another sign that the Federal Reserve’s pumping of billions of dollars into the economy is not producing the results hoped for. Nonetheless, although the three major U. S. indexes are up over one percent
Nobility Highlights Housing Stocks; Major Indexes up on the Week Read More
As it looks for ways to drop its risk, marconews reports Citizens Property Insurance Co., the state-run insurer that covers 130,000 factory-built homes in Florida, most of which are over 20 years old, is depreciating older homes, offering cash value in case of a loss instead of replacement cost. In
Manufactured Housing in Florida is Losing Insurance Coverage Read More
Senator Kevin Bryant of the South Carolina Legislature was honored by the Manufactured Housing Institute of South Carolina (MHISC). He said, “ I was honored by the Manufactured Housing Institute of South Carolina on Thursday 04.18.13 with the Legislator of the Year for 2012. Most legislation dealing with Manufactured Housing
State Association Honors Legislator Read More
SeekingAlpha reports Equity LifeStyle Properties, Inc., the largest operator of manufactured home communities in the U.S., issued the transcript of its conference call for the first quarter 2013 financials April 23. CEO Margeurite Nader, noting the consistency of growth in their funds from operations (FFO), said demand continues to be
Largest Manufactured Home Community CEO Speaks Read More
MarketWatch informs MHProNews real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) reports its funds from operations (FFO) in the first quarter of 2013 were $30.7 million, or $.90 per share versus $25.7 million for the same period in 2012, or $.89 per share. Net income attributable to common shareholders
Sun Releases First Quarter Data Read More
According to mercurynews from California, both Santa Clara University and Stanford University will have entries in this year’s Solar Decathlon sponsored by the U. S. Department of Energy. The biennial competition fields 20 university teams to build the most comfortable, energy-efficient and aesthetically pleasing modular homes that leave the smallest
Two California Schools in Modular Solar Decathlon Read More
RVBusiness says Elkhart, Ind.-based Patrick Industries, Inc., a component supplier to the RV and MH markets, reports first quarter 2013 revenue increased 38.4 percent over the same period in 2012, moving from $102.7 million to $142.1 million in Q1 2013. Sales in the RV sector accounted for approximately 75 percent
RV Sector Drives Patrick Industries’ Revenue Rise Read More
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
