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.
nationalmortgagenews reports the Mortgage Bankers Association (MBA) says mortgage applications fell 7.4 percent for the week ending Aug. 17, and the refinance share dropped from 81% to 80% to its lowest level in six weeks, while average interest rates for a fixed-rate 30-year mortgage (FRM) nudged up ten basis points […]
Mortgage Apps Fall, Interest Rate Rises Read More
The Huffington Post reports Alex Charfen, CEO of the Charfen Institute and considered to be an expert on the U.S. housing market and the foreclosure crisis, says the coming housing crisis will be a housing shortage. Home sales and median sales price have both increased, while existing inventory has declined
Housing Shortage: The Next Crisis? Read More
CNNMoney reports the three main indexes rebounded from a low to close mixed following the release of Federal Reserve minutes which may indicate the Fed will offer more stimulus to the economy. The Dow Jones Industrial Average closed down -30.82 points, -0.23%, to end at 13,172.76. The Nasdaq rose 0.21
Indexes Close Mixed; Nobility, Skyline Drop Read More
Harking back to a story we have been following over a year about Garden Homes Management seeking approval to develop a manufactured housing community in Oxford, Connecticut since 2006, through a series of denials and re-submissions and a court case, the Conservation Commission, Inland Wetlands Agency (CCIWA) will hold a
Final Step for Garden Homes Project? Read More
In re-visiting a story we last published Aug. 15, 2012 about the Clawson Mobile Home Park in Boone, North Carolina being closed to make way for a 266-unit student housing complex, the WataugaDemocrat reports the Boone Town Council unanimously voted Tue. Aug 21 to deny the petition by Mega Builders
Council Rejects Rezoning Request Read More
he Idaho Statesman reports from Boise’s Adam Hiaring, assistant manager at a Clayton Homes dealership, that customers have been able to buy a house on layaway, saving up a down payment while locking in the price and mortgage rate, since March of this year. Hiaring says sales have been good
MH Business Booming in Boise Read More
centredailytimes says residents of Penn State Mobile Home Park in State College, Pennsylvania have been told by the new owner they have until next July to move their homes or they will be demolished. At a meeting Monday, Aug. 21 Centre County and human service housing assistance organizations informed residents
MHC Sold, New Owner Plans Redevelopment Read More
LoanSafe reports the U.S. Department of Housing and Urban Development (HUD) is charging the owners and manager of Rainbow Terrace Mobile Home Park in Albert Lea, Minnesota for violating the Fair Housing Act. The community manager allegedly made discriminatory remarks about a Mexican couple who wanted to lease a home
MHC Charged with Discrimination Read More
Canada Newswire reports Killam Properties, Inc. of Canada has declared a monthly dividend of $0.04833 per common share to be paid on Sept. 17, 2012 to shareholders of record on Aug. 31, 2012. Killam’s dividend reinvestment plan (DRIP) offers shareholders the opportunity to reinvest their dividends in additional common shares.
Killam Announces Dividend Read More
The Manufactured Housing Institute reports modular home production rose in the second quarter 2012 5.6 percent over Q2 2011. For the first six months of 2012 over 2011 the increase was 9.3 percent. A total of 6,325 modular homes were produced in the first six months of this year, including
Modular Home Production Rises Read More
The three day Texas Manufactured Housing Association (TMHA) annual meeting in Houston rocked with positive energy, reports of increased attendance, great mixers and acclaimed business-building seminars. TMHA’s outgoing Chairman Ronnie Richards said, “This is the best turnout we’ve had at a TMHA Annual Convention in recent years. The educational seminars
CNNMoney reports the Dow Jones Industrial Average briefly rose to its highest level in four years before retreating, finally closing down -68.06 points, -0.51%, to end at 13,203.58. The Nasdaq fell -0.29 percent to 3,067.26, while the S&P fell -0.35% to 1,413.17. The Yahoo! Finance Manufactured Housing Composite fell -0.72%
Dow Spikes, then Falls; Skyline Bests them All Read More
The Union Bulletin tells MHProNews the College Place Planning Commission in College Place, Washington is holding a hearing to change the zoning classification for Sunset Villa Mobile Home Park from Mobile Home Subdivision to multi-family residential in order to comply with state law regarding cities’ authority to regulate manufactured housing.
Change will Eliminate Mobile Home Designation Read More
RadioNewZealand reports the earthquake that rocked Christchurch, New Zealand Feb. 22, 2011 may lead to the development of a modular home industry as part of rebuilding the city that was so heavily damaged, with 10,000 homes that need to be replaced. The Dunedin City Council said a whole new industry
Earthquake may lead to Modular Home Industry Read More
The LongBranch-EatontownPatch informs MHProNews the Pine Tree Manufactured Home Park in Eatontown, New Jersey has added a playground for children, the Borden Foundation Playground, another improvement the Affordable Housing Alliance has made since acquiring Pine Tree in 2007. In addition to a new water distribution system and replacing outdated oil
Improvements Made to Affordable Community Read More
WWLTV reports from Covington, Louisiana 24 modular homes built by Habitat for Humanity in 2007 following the housing crunch in the wake of Hurricane Katrina are developing electrical and lighting problems as well as rotting floors, steps, and doors. Jeff St. Romain of Habitat says $50,000 has been added to
Habitat Homes Develop Problems Read More
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
