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.
The Manufactured Housing Institute (MHI), responding to a request from the House Oversight and Government Reform Committee regarding regulations that negatively impact job growth in the manufactured housing industry, focused on three major areas of regulatory reform: Regulations authorized by Dodd-Frank; the Manufactured Housing Construction and Safety Standards Act; and …
Hopes that Spain’s banking system will be bailed out by central banks in Europe led to the best week of the year for U.S. stocks as all three indexes registered gains. CNNMoney tells us the Dow Jones Industrial Average gained +93.01 points, +0.75%, to close at 12,554.20. The Nasdaq rose …
SooToday says the Federal Government of Canada has announced a $31,500 grant to the Missanabie Cree First Nation people to cover legal expenses for the establishment of a modular home building plant that will employ First Nation peoples building homes for their members in the Sault Ste. Marie area. The …
Canadian Govt. Helping Fund First Nation Modular Plant Read More
The DailyTimes in Farmington, New Mexico tells MHProNews.com the owners of 2,650 of the 12,000 manufactured homes in San Juan County in northwestern New Mexico have yet to pay their county 2011 property taxes, totaling almost $400,000. Failure to pay 2010 taxes has resulted in MH owners owing $72,000 in …
LoanSafe reports from Wichita, Kansas, the Wichita Eagle says six MHCs in the Wichita area owned by American Residential Communities, Inc. (ARC) will be auctioned off online June 26 and 27. The Denver-based owner is offering nearly half of its local portfolio, comprising 830 homesites, which are 40 percent occupied …
The RV/MH Hall of Fame and Museum in Elkhart, Indiana announces anyone purchasing a brick in the Hall’s Walk of Fame before Aug. 31, 2012 will receive tax deductible status for the donation, and it will be matched by the Ingram’s family $100,000 challenge grant to reduce the debt. Vice …
RV/MH Hall of Fame Invites You to Their Walk of Fame Read More
Following up on a story we posted June 5, 2012, ctbulletin reports the Milford, Connecticut Planning and Zoning board delayed a vote regarding Garden Homes Management proposal for a 36-unit affordable housing project near Ryder Woods Mobile Home Park, and another MHC currently under construction. A Ryder Woods resident insists …
A line-up of former regulators, lawmakers, and other financial policy makers headed by one-time Federal Deposit Insurance Corp. (FDIC) chairman Sheila Bair will form the Systemic Risk Council to keep tabs on the enforcement of the new regulations under Dodd-Frank. As NationalMortgageNews tells MHProNews.com, the group was organized by the …
A surprise rate cut by China’s central bank to encourage market growth spurred investors, but the rally was short lived following Fed Chairman Ben Bernanke’s assertion that no stimulus was imminent but may be utilized in the future. Still, CNNMoney tells us the Dow Jones Industrial Average managed to show …
SouthCoastToday reports from Acushnet, Massachusetts the town meeting voted 43-33 to institute a three person rent control board for the local MHCs in the community. Proponents say rents have increased much more quickly than in the past, making it tough for seniors on fixed incomes. One MHC owner, saying he …
AthensNews tells MHProNews.com from Ohio many of the factory-built homes in the Pine Aire MHC in Athens have been abandoned and vandalized following the storm that tore through it nearly two years ago, and now that the community is in foreclosure for back taxes, there is no one to do …
A Los Angeles architecture and interior design family business is recycling classroom trailers into low-cost but chic modular homes. According to the LATimes, research+recycle can seam two of the units that measure 24 feet by 40 feet together or reconfigure the individual units, as well as raise the ceilings 15 …
According to a Mortgage Bankers Association (MBA) survey, the average 30-year fixed-rate mortgage dropped to 3.87%, the lowest rate since MBA started the survey, while the 30-year fixed-rate jumbo loan (greater than $417,500) fell to 4.13%, also the lowest in the survey’s history. Meanwhile, says NationalMortgageNews, applications to refinance loans …
In a Q&A session at Washington, D.C.’s Economic Club, Berkshire Hathaway’s Chairman Warren Buffett said there will not be another recession “unless events in Europe develop in some way that spills over here big-time,” according to BloombergNews. Responding to questions posed by David Rubenstein, co-CEO of Carlyle Group LP, the …
The National Association of Home Builders showed up 700 strong on Capitol Hill Wed., June 6, 2012, to implore Congress to get the homebuilding industry back on track. Specifically, builders asked for the restoration of credit flow for new housing production; the reform of GSEs to ensure a federal backstop …
CNNMoney tells us the Dow Jones Industrial Average and the S&P notched their best gains of 2012 on investors’ hopes that more stimulus may be in the pipeline to push the markets higher. The Dow gained 2.37 percent, 286.84 points, to close at 12,414.79. The Nasdaq rose 2.40 percent to …
Dow Spikes, Housing Composite and Several Housing Stocks Follow Suit Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews.com Housing and Urban Development (HUD) statistics show production of HUD Code homes rose to 4,630 homes in April 2012, a 17.4 percent increase over April 2011 production of 3,944 homes, marking nine months of consecutive industry growth. The top ten …
In a story MHProNews.com has been following for over a year, voters in Oceanside, California overwhelmingly voted down Proposition E which would gradually eliminate rent control in the city’s 17 MHCs. City council Councilman Jerry Kern, who championed eliminating the rent control measure that has been in effect since 1984, …
The RepublicanHerald reports from Schuylkill County in Pennsylvania that Pine Grove Manufactured Homes Inc. has asked the Schuylkill County Court to reduce the fair market and assessed value of its property that was damaged by the floods of Sept. 2011, forcing the company to close the facility and move production …
According to HousingWire, the U.S. Census Bureau’s report on “Characteristics of New Housing for 2011” indicates the housing market may be slowly stabilizing. Twenty percent of all new single-family homes were financed by an FHA-insured loan, five percent less than in 2010, and four percent less than 2009. Conventional loans …
