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.
Following up on a story we published Nov. 28, 2011, MontgomeryAdvertiser reports Federal Judge Myron Thompson issued an injunction Monday against part of the Alabama immigration law that prevents undocumented aliens from entering into any type of business transaction with the state. He called the law “discriminatorily based.” The injunction […]
Judge Calls Alabama Immigration Law Discriminatory Read More
CNNMoney reports the Dow Jones Industrial Average rallied well during the day, but dropped upon word the Federal Reserve did not lower interest rates, and Germany’s chancellor rejected the idea of a larger bailout. The Dow lost 66.45 points, -0.55%, closing at 11,954.94. The Yahoo! Finance Manufactured Housing Composite Value
Dow Waffles Down, Nobility Perks Up Read More
According to the News-Journal, a one thousand acre site in Ormond Beach, Florida, is once again rankling feathers. Turned down ten years ago as an MHC, $150,000 homes were supposed to be built, but none were. The developer has returned asking for an amendment to the agreement with Volusia County,
Desireable Land in Fla. May Finally Become MHC Read More
In a letter to MHProNews.com, Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), says there were 121 orders for modular homes in the third quarter 2011, five more than in the same period last year. This ranks Iowa sixth in the survey of 29 states in modular
Modular Orders Up in Iowa Read More
TampaBay reports a $33 million program over the past 12 years to retrofit thousands of pre-HUD Code homes with anchors to make them more storm resistant has come under fire for not living up to its expectations. Longtime manufactured housing supply businessman and lobbyist for the MH industry, Ken Cashin,
Ken Cashin’s Political Windstorm Read More
NationalMortgageNews reports in the wake of the housing industry crisis, homeowners associations (HOAs) are having to rely in some cases on special assessments to make up for vacant units in foreclosure or otherwise unoccupied. Normally HOAs levy a monthly or yearly assessment to help pay for snow and trash removal,
Housing Meltdown Fallout: HOAs Getting Pinched Read More
AnnistonStar reports in a piece written by the editorial board of the paper, that conventional wisdom maintains site-built homes of bricks and mortar withstand the effects of a tornado better than manufactured housing. However, the National Weather Service (NWS) has determined where 166 of the 248 Alabama victims died during
Death Toll Higher in Site-Built Homes Read More
SantaMonicaDispatch reports the Monterey Trailer Park in Los Angeles, California, was declared a Historical Cultural Monument Landmark in 2002 by the city of Los Angeles for being “a prime example of an early 20th Century recreation and housing resource in the booming Post WWII Los Angeles area.” It was originally
MHC to Become Historical Landmark? Read More
TheProvince reports from British Columbia, Canada, that several manufactured and modular housing producers in Canada are making small modular homes that can legally be placed beside or behind an existing single-family dwelling, where permitted. Called garden or “granny” suites, the portable homes have a kitchen, one or two bedrooms, bathroom
“Granny” Modular Homes May be Sited Next to Family Home Read More
CNNMoney reports the Dow Jones Industrial Average dropped steadily during the trading day as the Eurozone debt crisis worried investors again. The Dow inched a little higher toward day’s end, managing to stay above the 12,000.00 mark at 12,021.39, losing 162.87 points, or 1.34 percent. The Yahoo! Finance Manufactured Housing
Euro Debt Drops Dow; MH Stocks Mostly Sink Slightly as Well Read More
BuffaloNews reports Cattaraugus Community Action, Inc., in Cattaraugus County, New York, has received a $749,986.00 grant from the state to provide a manufactured housing assistance program. Located south of Buffalo, the funding through the Manufactured HOME Replacement Initiative II will be used to replace decrepit pre-HUD Code homes, and improve
State Replacing Dilapidated Factory-built Homes Read More
The KentReporter in Kent, Washington, reports as part of a project to preserve 600 units of affordable housing in King County, the Bonel Mobile Manor manufactured housing community in Kent will receive $1.53 million from the King County Housing Finance Program to renovate the community and maintain low-income housing. Located
MHC to be Renovated for Affordable Housing Read More
Agreement among European leaders on a new deal to solve the European debt crisis sent the Dow higher by 186 points Friday. Yahoo’s Manufactured Housing Composite Value rose by more than three percent. Affiliated Managers Group added $2.27 (2.43 percent) to close at $95.85. Berkshire Hathaway, parent company to Clayton
Stocks Rebound To Close Week, MH Stocks Also Rise Read More
Inhabitat reports an Italian firm has developed an energy efficient tubular Alpine cabin designed especially for mountain climbers and skiers. LEAP(Living, Ecological, Alpine Pods) Factory’s Gervasutti refuge is solar-powered, weighs 5,500 pounds and has six contact points with the ground. The elongated modular contains nearly 100 square feet and will
High Mountain Modular Cabin Read More
HousingWire says Zillow Real Estate Market Reports is partnering with researcher Pulsenomics to sponsor what will be called the Zillow Home Price Expectations Survey. First published by Pulsenomics in 2010 with MacroMarkets as its sponsor, the quarterly survey is based on the expert opinions of over 100 housing market analysts,
Future of Housing Industry—Five Years Out Read More
WGMD reports members of the First State Manufactured Housing Association (FSMHA) donated $1000 worth of items to be distributed to food banks in Sussex County, in southern Delaware, and another $445 of provisions to restock food pantries in Kent County. “I am very proud that our Members appreciate the value
First State MHA Helps Feed the Hungry Read More
TheChronicleHerald reports from northern Ontario, Canada, residents of Attawapiskat First Nation reserve may be housed in a retrofitted sports complex and healing center until a more permanent housing solution can be determined, or they may be evacuated. The problem stems from a 2009 sewage backup which forced Attawapiskat families from
Modular Homes may Result from Standoff with Ottawa Read More
CNNMoney reports the Dow Jones Industrial Average dropped nearly 200 points on news the the Euro debt crisis continues in limbo. The Dow dropped 198.67 points, -1.63 percent, to close at 11,997.70. The Yahoo! Finance Manufactured Housing Composite Value gained +0.54 percent to close at 805.30. Most tracked housing stocks
Dow Falls After Euro Bank Official Refuses Assistance to Troubled Countries Read More
St. Clair Times reports from Alabama the Argo zoning board will consider a proposed ordinance to allow more manufactured homes into an area that has been home to MHs for many years. In changing the zoning from “high-density residential” to “manufactured home zoning,” the ordinance would disallow manufactured homes over
Rezoning Proposal Creates Conflict of Interest Charges Read More
NationalMortgageNews reports a Senate Banking Committee hearing to discuss the work regulators are doing at six different agencies to implement Dodd-Frank became embroiled in an exchange about a seventh agency not in the room. Legislators sparred over the impending vote of Richard Cordray to head the Consumer Financial Protection Bureau
Senate Committee Sidetracked by CFPB Head Nomination Read More
