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.
Jdspra reports from California a ruling by the California Court of Appeals could have lasting negative effects on the manufactured home industry. Vieira Enters., an authorized dealer of Fleetwood Manufactured Homes, sold a factory-built home to a private landowner with the contractual stipulation that the home will not be considered […]
Court Rules against MH Dealer Read More
According to HousingWire, real estate franchisor RE/MAX says home sales increased from July 2011 ten percent to this July, marking the 13th straight month of sales increases, even considering a nine percent drop this past June. Forty-four of 53 metro areas covered in the RE/MAX survey reported an increase, and
More Good News for Home Sales Read More
CNNMoney reports all three indexes moved down very slightly on a quiet trading day at the New York Stock Exchange as the Dow Jones Industrial Average lost -3.56 points, -0.03 percent, to close at 13,271.64. The Nasdaq fell -0.01 percent to 3,076.21, while the S&P remained basically unchanged at 1,418.13.
Most Housing Stocks Drop Slightly on Slow Day Read More
RVBusiness tells MHProNews Barry Cole, president of Manufactured Housing Insurance Services, has been elected chairman of the RV/MH Hall of Fame Board for a two year term, replacing Bill Garpow. Blue Ox president Jay Hesse was elected vice chairman. New board members include B.J. Thompson, B.J. Thompson Associates; Ron Younkin,
RV/MH Hall of Fame Elects new Chairman Read More
Yahoo!Canada reports Reuters says The Villages in central Florida, the largest retirement community in the world and one of the largest land lease communities in the country with thousands of manufactured homes among the 40,000 houses spread over 20,000 acres, hosted (presumed) Republican vice presidential candidate Paul Ryan who brought
Paul Ryan Makes Campaign Stop at The Villages Read More
mlive tells MHProNews the Swartz Creek Meadows MHC in Lennon, Michigan has until Aug. 31 before the Clayton Township Board of Trustees initiates legal action for unpaid water, sewage, and property taxes totaling $167,697.73. Swartz Creek owner MHPI Inc., does not deny it owed the township, but a misunderstanding at
MHC Behind on Utility Fees and Taxes Read More
The Manufactured Housing Institute (MHI) tells MHProNews with Congress in recess until mid-Sept. and members back in their home districts, now is the time to contact your representative and senator and encourage them to co-sponsor HR bill 3849 or Senate bill 3484, both entitled Preserving Access to Manufactured Housing. While
Contact Your Congressional Representatives NOW Read More
In its July analysis of housing data for 16 markets, realtormag reports housing inventories, including single-family, townhomes, condos, and co-ops are 19 percent below a year ago as for sale homes remain at record lows. “Low inventories, combined with rising list prices and lower times on market, are positive signs
For-sale Home Inventory Falls Read More
Azstarnet says mortgage analytics firm Digital Risk, noting credit scores such as FICO failed to anticipate many strategic defaulters during the mortgage bust years, has developed a 123 point statistical cluster of borrower, market conditions, and property data which will more accurately predict how an applicant may react to financial
Replace Credit Scores with different System? Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews of its concerns relevant to accessibility guidelines for emergency transportable housing (ETH) as published by the U.S. Architectural and Transportation Compliance Board (Access Board). While it has no objections to the proposed guidelines, it agrees with the Access Board’s decision
MHARR Comments on Accessibility Guidelines Read More
Noting Europe is on vacation most of August, CNNMoney reports U. S. stocks ended a quiet week with a quiet day as the Dow Jones Industrial Average gained 25.09 points, +0.19 percent, to close at 13,275.20. The Nasdaq gained +0.46 percent to 3,076.59, while the S&P moved up +0.19% to
Patrick, LPX, UFPI, and UMH Post Strong Gains Read More
HousingWire says analysts with Econoday report consumer confidence rose slightly in August to 73.6 over 72.3 in July, according to the University of Michigan and Reuters. While the consumer outlook on current market conditions rose nearly five points to 87.6 in August, Econoday says “this gain isn’t translating into any
Consumer Confidence Nudges Up Read More
nationalmortgagenews reports Peter Carroll, assistant mortgage manager at the Consumer Financial Protection Bureau (CFPB) says the proposed loan officer compensation rule will be significantly different from the original set of guidelines issued in early May when the CFPB first raised the concept of flat fee payments for certain transactions, a
Loan Origination Comp. May be Revealed Tomorrow Read More
smmirror tells MHProNews from Santa Monica, California the state has dissolved all redevelopment agencies because of the shortage of state funds, effectively pulling the plug on many capital improvement projects (CIP) that had been planned statewide. However, certain projects already agreed to before the cutoff date will go forward, including
Despite State Budget Woes, MH Development Continues Read More
In a recent paper from the Joint Center for Housing Studies at Harvard University which examines the association between views on homeownership and the recent downturn in the housing market, MHProNews has learned evidence suggesting respondents’ preferences for owning versus renting have not changed, except among borrowers who have underwater
Study Confirms Draw of Homeownership Read More
The National Association of Home Builders (NAHB) tells MHProNews while housing starts fell 1.1 percent in July to a seasonally annual adjusted rate (SAAR) of 746,000 units, according to the Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, new building permits permits rose 6.8 percent in
Housing Starts Edge Down, while Permits Rise Read More
WLTZ-TV reports from Montgomery, Alabama Gov. Robert Bentley has appointed State Rep. Elwyn Thomas as Executive Director of the Alabama Manufactured Housing Commission (AMHC) effective Sept. 1, 2012. As the state’s regulatory agency, the AMHC enforces installation program standards and focuses on industry compliance, consumer protection, and assists communities with
New Director for Alabama Manufactured Housing Commission Read More
northescambia tells MHProNews approximately 25 percent of the dwellings in Century, Florida are manufactured homes and the town is considering methods to regulate their placement and condition. Of the 203 units in this town, located in the panhandle very near the Alabama line, sixty percent are pre-1995 and only 25
Small Town Considering MH Standards Read More
CNNMoney reports U. S. stocks moved up today, fueled in part by news that Cisco Systems posted a larger quarterly profit than expected, as the Dow Jones Industrial Average gained 85.33 points, +0.65 percent, to close at 13,250.11. The Nasdaq gained +1.04 percent to 3,062.39, while the S&P moved up
Skyline Corp. Rises over 5%, Beats Indexes Read More
The Truth in Lending Act (TILA) was set up to promote informed use of consumer credit and increase transparency by requiring disclosures about its costs and terms. A joint group of federal agencies that oversee truth-in-lending concerns, including the Consumer Financial Protection Bureau (CFPB), are proposing to amend Regulation Z,
MH Excluded from Definition of Higher-Risk Mortgage Loans Read More
