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 IndependentMail reports Stephens County (GA) Commissioners has approved the first readings of an amendment to county ordinances dealing with pre-owned manufactured homes being moved into the county. The ordinance is designed to comply with state regulations. Georgia state law passed in 2010 keeps someone from moving a ‘mobile home’ …
Stephens County amends manufactured home placement ordinance Read More
TruckTrend reports architects Craig Hodgets and HsinMing Fung have turned Hummer sheet metal parts into a modular home. The iconic image of wasteful consumerism from the 90s and 00s could now become an environmentally friendly recycled HummerHaus. Eight Hummer H2 body shells serve as the walls around a steel framed …
HomeBuyerInstitute reports that the three biggest problems for the U.S. housing market are (1) excess inventory, (2) elevated unemployment and (3) tighter lending restrictions. Their report shows the inventory of bank-owned properties have the most impact on home prices. A report by Laurie Goodman, a mortgage and housing analyst with …
PRNewswire states that global tax services provider Ryan reports Wisconsin’s Governor Scott Walker signed the Assembly 40 budget bill that will change certain tax laws. Included is a provision that specifically exempts manufactured and modular housing from sales tax when it is sold in Wisconsin but used beyond state borders. …
New State Law Exempts HUD and Mod Homes from Sales Tax Read More
The New Haven Independent in Connecticut asserts that Garden Homes Management Corporation has plans to develop two manufactured home communities in Oxford. The filing with the Planning and Zoning Commission for the first proposal, called Oxford Commons, would have 99 multi-section manufactured homes on 32 acres. The second project, Donovan …
Slowdown in manufacturing and concerns about the stymied debt ceiling talks sends the Dow down 1.59 percent to close at 12,302.55. Housing stocks closed mixed, although several took a fall as well. Berkshire Hathaway (parent of Clayton Homes) lost 1.09 percent, Cavco nudged up .49 percent, Deer Valley closed flat. …
Bloomberg News reports that Bank of America (B of A), the nation’s largest mortgage servicer, has a solution for disposing of the worst abandoned and foreclosed homes. B of A will work with a local agency in Cleveland to demolish 100 homes. Gus Frangos, president of the Cleveland-based Cuyahoga County …
Proven Method of Ridding the Market of Unwanted Foreclosed Homes: Bulldoze Read More
SanJuanCapistranoPatch reports a controversial plan to close the Capistrano Terrace ‘mobile home park’ has been placed on hold. Capistrano Terrace Ltd. filed for chapter 11 bankruptcy protection and owes the city of San Juan Capistrano $7,548 in administrative fees. “…due to the bankruptcy, funding is not available and cannot be …
In Bankruptcy, Capistrano Terrace’s Closure Plans on Hold Read More
WCAX reports that a Windsor VT manufactured home community was saved from the threat of closure when 14 families became the new owners of the ‘park.’ Rockingham Area Community Land Trust, the prior owner, claimed high costs and threatened to close the location. “We have elderly people and people on …
Vermont Manufactured Home Community residents prevent closure Read More
SignOnSanDiego alleged that owners of a “mobile home park” packed a meeting of the Chula Vista City Council meeting by paying activists to support rent decontrol. The City Council voted to allow rent to be raised when a home in the community is sold. The change in ordinance impacts future …
Manufactured Home Community Rent Decontrol Activists Paid to attend Chula Vista meeting Read More
In a statement to MHMSM.com, U.S. Senator Jon Tester (R-MT) made the following statement. “In recent days we’ve all seen the arguments and disagreements back in Washington play out in the headlines. It’s easy to get caught up in the back-and-forth without focusing on the nuts and bolts that matter …
The Dow dropped 91.50 or .073% to close at 12,501.30 today. The dip came on the heels of Moody’s and S&P’s renewed warning they may downgrade the U.S. Credit rating over the debt ceiling issue. Most manufactured housing stocks also fell. Berkshire Hathaway (parent of Clayton Homes) dropped -.0.49. Cavco …
Dow Dips as Moody, S&P Warn of U.S. Credit Downgrade Read More
The Vancouver Sun reports the role of the Canada Mortgage and Housing Corporation (CMHC) has been reviewed by the CD Howe Institute, Fraser Institute and the Macdonald-Laurier Institute. Each provided recommendations, including privatization. Canadian taxpayers are on the hook for $500 billion to lenders. Some fear that Canadian government owned …
CTV reports the Canadian Real Estate Association (CREA) stated their members sold 10.8 per cent more homes last month compared with June 2010 and 2.6 per cent higher than in May 2011. CREA president Gary Morse said they are avoiding recession due to low interest rates, job growth, and home …
In a news release to MHMSM.com, MHARR announced they will ask Congress to review the HUD Manufactured Housing Program budget. The Manufactured Housing Association for Regulatory Reform (MHARR) asserts that HUD’s program budget has grown, while manufactured housing shipments have dropped 86% in 13 years. They suggest that Congress cut …
Congress asked to Reduce HUD’s Manufactured Housing Program Budget Read More
NWITimes states that 75% of people polled recently by the National Association of Home Builders (NAHB) prefer home ownership. This is true even given perceived risks and market fluctuations. 95% of those who identified themselves as current home owners said they are happy with their decision to own a home. …
Poll says most Americans still want to own, not rent Read More
Forbes reports that each new home built creates 3 new jobs and generates $90,000 in taxes, according to the National Association of Home Builders. Housing sales remain depressed, with last year being the worst on record for 50 years. Higher down payments, tougher credit standards and foreclosures are among the …
NAHB report cites jobs and taxes created by home building Read More
Zacks Investment Research reports SmarTrend issued an uptrend for Sun Communities, Inc., (NYSE:SUI) June 20, 2011, and since then the stock has risen 3.3 percent. For the second quarter 2011, analysts expect a loss of .12 cents per share on sales of $53 million to be announced July 28, 2011. …
The Dow dropped 88.36 points as investors watched the debt ceiling debate rage on to close at 12,592.80. The Manufactured Housing Composite dropped 1.99 percent to 1032.50, as several housing stocks closed down. Palm Harbor Homes gained 38.46 percent. Drew Industries fell 3.26 percent, UMH dropped 2.86 percent, Skyline Corporation …
Dow Closes Down Slightly, as Several Housing Stocks Follow Read More
The Rome News Tribune reports from Floyd County in northwestern Georgia that the Floyd County Board of Commissioners will pass an ordinance extending the time manufactured housing may be used in times of declared disaster. Following a disaster in the county, the amendment will permit a person to live in …
County Approving Amendment to Allow MH Following Disaster Read More
