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.
HamptonRoads reports from Suffolk, Virginia in the southeast corner of the state, a modular home in two sections is being moved here from North Carolina. Accompanied by escort vehicles, the procession will likely slow traffic around 1-2 PM along a route from Carolina Road to the siting at Blythewood Lane. …
SouthFloridaRealEstate tells us the Stoll Manor Mobile Home Park in Lakeland, Florida has been sold to an Illinois buyer for $2.15 million. Stoll Manor is an all-age community founded by C.J. Stoll in 1993 with 239 home sites and several exercise amenities. Dan Mulkey, investments vice president in the Tampa …
MarketWatch reports Deer Valley Corporation is restructuring key management personnel to focus on several opportunities the company wants to explore. Joel Logan, president and general manager of Deer Valley Homebuilders (DVHB), Inc., will become executive v.p. and COO (Chief Operating Officer) of the parent company with responsibility for new business …
From The Jerusalem Post in Israel MHProNews.com learns 33 families currently residing in five apartment buildings in Ulpana will voluntarily leave their outpost in the West Bank by July 1 and move into modular housing in nearby Beit El. The High Court of Justice said the buildings have to be …
WorldPropertyChannel reports Freddie Mac’s vice president and chief economist, Frank Nothaft, says due to rental demand by people postponing homeownership, rental activity has produced some good numbers in the housing market. The GSE’s U.S. Economic and Housing Market Outlook for June 2012 says for the year ending March 2012, the …
LosAltosPatch reports the first modular multifamily LEED (Leadership in Energy and Environmental Design)-Certified building in Silicon Valley, in California features exposed structural steel frame, Forest Stewardship Council (FSC)-certified wood exterior that comprises the modules, solar panels that provide 100% of the energy to the units, zero VOC (volatile organic compounds) …
While extending one of their stimulus programs, hopes that the Federal Reserve would announce a more aggressive bond buying plan to support the economy fell flat, as did U.S. stocks today. CNNMoney tells us the Dow Jones Industrial Average dropped -12.94 points, -0.10%, to close at 12,824.39. The Nasdaq rose …
The KingmanDailyMiner says the Kingman City Council has entered into an agreement with the Arizona Office for Manufactured Housing to set fees for MH placements, inspections, and renewals. An MH placement permit with three inspections was set at $300. Additional inspections would cost $47 each, and a six month MH …
NewsTimes tells us one of the strongest wind zones in the Northeast is on lower Cape Cod in Massachusetts, where winds during hurricane season typically reach 120 mph. A vacation home now being built by Modular Architecture of Wilton, Connecticut, with a spectacular view of the ocean front will feature …
Harking back to a story we posted May 3, 2012, the Delaware House of Representatives was considering a bill that would require approval from the Governor’s Advisory Council on Manufactured Housing for any increase in rent at an MHC beyond the consumer price index. DelawareFirst tells MHProNews Senate Bill 205, …
The Manufactured Housing Institute (MHI) newsletter reports an article in the Wall Street Journal says access to credit may be the key to U.S. economic recovery. Noting those who already have access are taking advantage of the low interest rates, while millions more with limited access cannot take advantage of …
NationalMortgageNews reports the Census Bureau released figures stating single-family housing starts rose 3.2 percent in May to a seasonally-adjusted annual rate of 516,000, above the saar of 500,000 for April. This marks the third consecutive monthly increase. Single-family starts are up 26% overall from a year ago. Meanwhile, multi-family starts, …
Sunday’s election in Greece that put a pro-bailout party into office gave investors room to breathe. Now the hope is a stimulus package will emerge from the current Federal Reserve meeting. CNNMoney says those two hopes fed U.S. stocks, as the Dow Jones Industrial Average gained +95.51 points, +0.75%, to …
LA Pacific, Housing Composite Move Up; Three Indexes Gain Read More
Gizmag says a Chinese company will construct the world’s tallest building in just 90 days using modular construction. The Broad Group says the 2,750 foot Sky City One will stand 33 feet taller than the current tallest building, the Burj Khalifa in Dubai, named after UAE (United Arab Emirates) President …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports that despite the 2008 Congressional “duty to serve” (DTS) directive to the government-sponsored enterprises (GSEs) to establish a secondary market for manufactured housing, including chattel loans, the proposed implementation rule published by the Federal Housing Finance Agency (FHFA) two years ago …
Fannie Mae’s chief economist Doug Duncan, while noting home sales are up eight percent over last year, anticipates home prices will continue to fall through this year and bottom out in the beginning of 2013. Fannie’s Economic and Strategic Research Group cites the stagnation in the job market, sluggish income …
Because so much of the net worth of middle-class Americans is connected to home equity, the housing downturn led to household net worth falling from $102,844 in 2005 to $66,740 in 2010, as house prices have fallen 35% below their peak in 2006, according to Standard & Poor’s/Case-Shiller index. While …
Community development lenders and investors might be eligible for $200,000 grants each from the departments of Agriculture, Treasury and HUD to replace some of the worst housing in the nation—worse than urban slums or some Indian reservations: It’s the “colonias” areas of the U.S. border with Mexico. Likely to be …
MHProNews has learned from the National Association of Home Builders (NAHB) their Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for new, single-family homes rose one point in June, to 29, the highest level attained since May of 2007. Based on a 25 year-old survey, the …
7th Space Interactive tells us time will expire June 20 to bid on the Federal Emergency Management Agency (FEMA) excess manufactured housing units for sale by the U.S. General Services Administration (GSA). The 25 Park Models, the smallest of the two sizes generally used by FEMA at disaster sites, are …
