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.
According to the Mortgage Bankers Association (MBA), over $184 billion in multifamily and commercial loans was originated in 2011, a 55 percent increase over the previous year. Of last year’s $184.3 billion, Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) were responsible for $57.6 billion, the most among […]
Multifamily Lending Lead Originations for 2011 Read More
U.S. Stocks moved up on encouraging news from Europe and expected positive earnings reports after suffering several days of losses, as the Dow Jones Industrial Average regained 89.46 points, +0.70 percent, to end hump day at 12,805.39. CNNMoney tells MHProNews.com the Nasdaq moved up +0.84 percent, to close at 3016.46,
Dow Rebounds, Most Tracked Housing Stocks Gain Read More
If city officials in Fostoria, Ohio have their way, the residents of the 525 home sites in the four local MHCs will soon have safe haven in the event of threatening weather. Residents of this town south of Toledo began calling the city with concerns about their safety during tornado
City Seeks Storm Shelters for MHC Residents Read More
MHProNews.com has learned from Calgary, Alberta, Canada Okaply Industries has opened a new factory in Calgary. Based in Oka, Quebec, just north of Montreal, Okaply manufactures pre-finished gypsum, MDF, plywood, particleboard, shelving and moulding for the manufactured and modular housing industries. The company services clients in Canada, parts of the
Canadian Component Manufacturer Goes West Read More
The OnlineSentinel reports from Madison, Maine a ruling that would restrict manufactured housing at Hidden Acres Mobile Home Park to newer models only was dropped, allowing post HUD Code (after 1976) homes to be sited, resolving a years-long disagreement between the town and the community’s owner, Tim Ames. The town
Restriction on Older MH Lifted Read More
The FayObserver tells MHProNews.com minimum housing standards are set to be tightened by the Cumberland County Commission in the south central area of North Carolina. In light of neighborhood complaints about the condition of some factory-built housing, the new measure would require all manufactured housing to have skirting around the
New Standards Will Impact Manufactured Housing Read More
OilandGasFinancialJournal says the DRC Group of Mobile, Alabama has installed a 100-room manufactured housing facility for personnel working the Eagle Ford Shale formation that runs from the southeast U.S. Mexican border northeast several hundred miles to north of Houston. MHProNews.com has learned Houston-based Apache Corp. and EOG Resources are two
Oil and Gas Exploration Industry House Workers in MH Read More
The National Association of Home Builders and Building Green LLC tell MHProNews.com they are sponsoring a two-day course termed Advanced Green Building in Nashville, Tennessee April 25 and 26. The course will provide builders with the highest-level information available on the science of building and remodeling, while adhering to high
Green Science Building Course Available Read More
CNNMoney says each of the three indexes dropped over 1.5 percent today as lending costs spiked in Spain and Italy, sending a shock wave of fear over investors as they scrambled for the doors. “People are starting to get very concerned about the macro picture of both sovereign debt and
Dow Drops, Stocks Stumble, Investors Scatter Read More
OriginationNews says Amherst Securities Group reports lower-priced housing loans will outperform jumbo loans at current prices, suggesting investors should look for bonds with smaller loan sizes. The report says a government bulk REO sale would stabilize the low-income housing prices, and clear out many of the 3.2 million homes in
High Interest in Low-income Housing? Read More
InsuranceNewsNet has issued a report from Housing and Urban Development (HUD) saying the mortgage insurance premiums (MIPs) for certain FHA multifamily housing and health care facilities will increase 15 basis points FY 2013. The market-rate for new construction/substantial rehabilitation loans will rise 20 basis points (except 223(a)(7) will increase five
MIPs Increase for Specific FHA Projects Read More
Based on sales growth of shares, two of the top five residential real estate investment trusts (REIT)s are MHC owners. Equity Lifestyle Properties (ELS) tops the list with a sales growth of 31 percent, nearly twice that of second place Mid-America Apartment Communities at sales growth 16.1. Essex Property Trust
Two MHC REITs Hit the Top Read More
KRMGRadio says the first modular units for the Red Clay Casino have arrived in Broken Arrow, Oklahoma, just southeast of Tulsa. Being developed by the 450 member Kialagee Tribal Town from Wetumpka, OK, the project has become a lightning rod for opponents of the casino, including a state lawsuit to
Modular Buildings Used for Casino Read More
In its Week in Review newsletter, the Manufactured Housing Institute (MHI) is urging its members to contact their congressional delegation to support H.R. 3849, legislation introduced by Reps. Stephen Fincher of Tennessee, Joe Donnelly of Indiana, and Gary Miller of California. The Preserving Access to Manufactured Housing Act seeks to
MHI Needs Your Support for House Bill Read More
CNNMoney tells MHProNews.com stocks dropped sharply following the news Friday that the economy only added 120,000 jobs in March, resulting in the Dow Jones Industrial Average falling 1.00 percent, -130.55 points, to close under 13,000 at 12,929.59. The Nasdaq likewise dropped a little more than one percent, -33.42 points, to
Dow Falls as Job Growth Crawls Read More
The AspenTimes reports non-profit Roaring Fork Community Development Corp. (RFCDC) bought the Pan and Fork Mobile Home Park in Basalt, Colorado last year and has submitted preliminary plans to the town government to redevelop just under half of the property into a 112,000 square-foot combination retail, hotel, classroom, non-profit organizations,
MHC to be Redeveloped into Commercial, Non-profit, and Park Read More
Long-time MH industry member and state association executive Chelu Travieso passed away March 30, 2012 in Orange, California. A native of Cuba, Ms. Travieso served as a trade association executive representing MHC owners and managers, as well as with non-profits to promote the industry through education since she began in
Passages: Chelu Travieso Read More
NaplesNews tells MHProNews.com Jacobsen Homes of Safety Harbor, Florida has rolled out its new 495 square-foot Starfish Home. Measuring 13′ 4” by 37 feet long, this one-bath, one-bedroom manufactured home has the kitchen and bath amenities of much larger homes, including space for a washer/dryer combo and cathedral ceilings. The
Addition to Smaller MH Unveiled Read More
ConcordMonitor says Foxy Terrace Cooperative in Derry, New Hampshire became the 100th resident-owned manufactured housing community in the state Feb. 19, 2012. Many of the cooperatives were years in the making, due to most lending institutions’ reluctance to finance a collective of primarily low-income residents, which comprise the majority of
NH Resident-owned Communities Hits 100 Read More
From St. Petersburg, Florida MHPronNews.com has learned from the Beach Beacon sales in the overall residential property sector in Pinellas County only increased two percent Feb. 2011 to Feb. 2012, but the median sales price for the same period rose nearly 18 percent. Similarly, for single-family homes, the same period
Falling Inventory Spurs Sales Price on Gulf Coast Read More
