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.
Citigroup’s strong quarterly report, better-than-expected retail sales and the improvement in Federal Reserve Bank of New York’s Empire State Manufacturing Index were welcomed by investors as all three indexes finished in positive territory in today’s trading. CNNMoney reports the Dow Jones Industrial Average rose +0.72 percent today, +95.38 points, to […]
Housing Stocks Mixed; Housing Composite Loses 1% Read More
In his review of Stanley Kurtz’s Spreading the Wealth: How Obama is Robbing the suburbs to Pay for the Cities, Eric Miller notes in Sustainable City News how the right has set up a straw man just to smash it down. Miller points out the suburbs were subsidized in the
Reviewer Skewers Book’s Political Bias Read More
CapeGazette VillageSoup informs MHProNews from Georgetown, Delaware Captain’s Way Development LLC has requested a zoning change for a 155-acre parcel of land from single-family site built to manufactured home community. Developer Pret Dyer, saying it is an opportunity for Sussex County to achieve its affordable housing quota, also stated he
Developer: Change Zoning from Single-family to MH Read More
A Novato, Calif. non-profit that operates Marin’s three homeless shelters will partner with modular builder Blu Homes to site 14 one and two-bedroom compact homes to be rented to low-income, formerly homeless families with children. According to marinij, Marin-based Homeward Bound, which also operates transitional housing, has raised one third
Homeward Bound Partners with Blu Read More
The Uniform Law Commission (ULC) states manufactured housing is considered personal property in most states because its origins as a home on wheels (trailer) being towed led to its taxation and licensing as a vehicle, but new MH today generally moves only once–from the sales lot to the site. The
Modernizing Property Laws State to State Read More
WSBTV reports residents of Tara Mobile Home Park in Jonesboro, GA just south of Atlanta have endured the abandonment of neighboring Maria Mobile Homes community and the subsequent collection of dumped furnishings and trash, as well as squatters living in the decrepit homes. The water was turned off last year
Abandoned MHC to be Cleared Up Read More
LaneReport tells MHProNews Kentucky’s Governor Steve Beshear has reappointed Betty C. Whittaker to serve on the High Performance Buildings Advisory Committee. Executive director of the Kentucky Manufactured Housing Institute (KMHI), Ms. Whittaker is scheduled to serve until her term expires Aug. 22, 2014. (Photo credit: Kentucky Manufactured Housing Institute)
KMHI Director to Serve on Buildings Committee Read More
MHProNews has learned from Courthouse News Service Palm Harbor Homes (PHHMQ) is suing three insurers that refused to defend it from 15 disgruntled homeowners in Nevada going back to 2005 and 2006. Palm Harbor alleges American International Group (AIG) issued a commercial liability policy for a Palm Harbor entity in
Palm Harbor Sues Insurers Read More
Although the Dow has risen over seven percent for the year, investors’ current caution in advance of next week’s corporate earnings reports and ongoing concerns about China and Europe led to a two percent + drop in the Dow this week. CNNMoney reports the Dow Jones Industrial Average rose a
Nobility and Housing Composite Rise, Skyline Falls Read More
OregonLive tells MHProNews the first modular multifamily affordable apartment project in the Northwest was sited in Portland, Oregon Thurs. Oct 11. Built in Aumsville, OR, Kah San Chako Haws–”East House” in Chinook— took 13 months to design and construct and cost $1.7 million, about $190,000 each unit. Architect Stuart Emmons
Affordable Modular Multi-family Rises in Oregon Read More
The newburyportnews reports from Salisbury, Mass. manufactured houses cannot be considered affordable housing to help meet the state’s requirement because state law considers MH as temporary. The Town Meeting will petition the legislature to alter the definition to include MH, which will then be sufficient to meet the mandated ten
City Petitions State to Change Law Read More
KOTARadio in Rapid City, South Dakota tells MHProNews the Legal and Finance Committee denied a proposed ordinance to allow modular homes into manufactured housing communities, without discussion. In limbo for a number of months, at a previous committee meeting members expressed concern the ordinance might allow manufactured housing into other
Mod Banned from MHCs Read More
According to nationalmortgagenews foreclosure filings dropped seven percent in Sept. to the lowest reading since the fourth quarter of 2007, a total of 180,427 properties. RealtyTrac tells MHProNews filings fell year-over-year 16 percent. For the third quarter 2012, the 531,576 foreclosure filings amount to a five percent decline from the
Foreclosure Filings Fall Read More
According to the Manufactured Housing Institute, the shipment of manufactured homes reported by Indiana increased 19.7 percent Aug. 2012 over the same month of 2011. On the year, shipments have risen 39.9 percent, from 2,286 homes Jan.-Aug. 2011, to 3,207 for the same period of 2012. As MHProNews reported Oct.
Indiana MH Shipments Spike in August Read More
Stocks rose on lowered reported jobless claims, but then fell on news the numbers were incorrect, leaving the three major indexes to move less than 0.15 percent in either direction. Trading is not anticipated to be particularly active in advance of the presidential elections next month. CNNMoney reports the Dow
Patrick Spikes, Nobility Slides, Three Indexes on Fence Read More
A larger than expected drop in jobless claims last week was the result of one large state not filing their quarterly report, not the result of more jobs being filled. YAHOO! Finance reports the Labor Department said jobless claims fell by a seasonally-adjusted rate of 30,000 last week, resulting in
Jobless Benefits Numbers Skew Reporting Read More
The Texas Manufactured Housing Association (TMHA) tells MHProNews TMHA Executive Director DJ Pendleton received the Manufactured Housing Institute’s (MHI) Jim Moore Excellence in Communication Award at the recent MHI meeting and awards ceremony in San Antonio. Last October he was mentioned as a replacement for outgoing Executive Director of MHI
MHI Honors DJ Pendleton Read More
Fastcodesign reports the new Starbucks in Denver looks more like something from the TV show Bonanza. Made of old Wyoming snow fencing, the modular unit is a drive-thru and walk-up only with no indoor seating, no internet connection, 500 square feet in size, LEED Certified and just large enough for
Starbucks Going Modular Read More
Salisbury Patch informs MHProNews from Allentown, Pennsylvania the Salisbury Township has proposed zoning changes that would allow manufactured homes to be sited inside Waldheim Park, which is a privately-owned community of 80 Victorian cottages. Originally a summer retreat for the Evangelical Congregational Church, only nine people live there year around.
Rezoning would Site MH in Private Enclave Read More
In the latest weekly report from the Mortgage Bankers Association (MBA), nationalmortgagenews says mortgage applications dropped 1.2 percent for the latest weekly reading Oct. 5 following a 16.6 percent spike for the previous week ending Sept. 28. Refi applications accounted for 83 percent of the apps, much the same as
