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 Dow dropped 58.88 points Tuesday to close at 12,446.88 upon troubling news from Ireland’s economy, as several housing stocks posted gains. The Manufactured Housing Composite gained 2.19 percent to close at 1114.20. Skyline Corporation gained 4.68 percent, Cavco Industries was up 1.68 percent, Palm Harbor Homes finished up 2.44 …
Problems in Europe Continue to Dog Dow, as Housing Stocks Close Mixed Read More
MHMSM.com today received from Thayer Long, Executive Director of the Manufactured Housing Institute (MHI), that association’s position paper on a critical Industry subject. In noting the impact of the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) on manufactured housing, MHI says the unintended consequences of the bill …
Reverse Mortgage Daily says the Federal Housing Administration (FHA) is getting its second consecutive acting commissioner since April. President Obama has named Carol Galante to replace Robert Ryan as head of the agency, effective immediately. Galante has a Master of City Planning degree from the University of California Berkeley, and …
The Pakistan Observer in Islamabad notes that home construction prices are so great that people should consider a modular home. The prices of steel, diesel fuel, coal, cement and wages have all increased, making it difficult for a middle class family to build a home. In addition, the government has …
HousingWire reports for the first time since the housing tax credits ended in June 2010 that home sales have spiked in Southern California. San Diego-based DataQuick says June over May 2011 sales increased 11.6 percent, but still 14 percent below June 2010 for this populous six county area. June is …
Southern California Housing Market Slowly Improving Read More
Switchboard says the modular Katrina Cottages that were built for survivors of that deadly hurricane are now being used as offices, educational facilities and affordable housing. The article, published in the newsletter of the National Resources Defense Council (NRDC), says one developer is using 12 of them in Buena Vista, …
The Sun Sentinel reports from southern Florida that a land lease community on tribal land the Seminole Indians forcibly took over in July 2008 has been returned to owner Hollywood Mobile Estates. The tribe had seized the 2,000-resident community alleging lease violations by the owners, and had twice refused the …
The Dow stumbled on fears about Italy’s economy, sending it tumbling 1.20 percent, as several housing stocks also tumbled. The Manufactured Housing composite dropped 4.74 percent to close at 1090.40. Palm Harbor Homes gained 20.59 percent, and ELS moved up .18 percent. Skyline Corporation fell 6.22 percent, Cavco Industries dropped …
The Press Democrat in California reports HybridCore Homes of Santa Rosa, California, is collaborating with Champion Homes of Troy, Michigan, to build demonstration homes in Washington, D.C., and in North Dakota. These two areas were chosen because of new home construction currently in progress. HybridCore’s demo home displayed last fall …
Is it Modular, or Manufactured, or a True Hybrid??? Read More
HousingWire says foreclosure sales fell seven percent in May from the previous month to 68,000, the second straight month that figure has declined, according to the Hope Now consortium of lenders, counselors and insurers. Approximately 2.67 million mortgages stayed in 60-day delinquency in May, an increase of one percent over …
Foreclosure Sales Fall in May, but Foreclosures Initiated Rise Read More
MortgageOrb says the U. S. Treasury Department has revised incentive payments to mortgage servicers under the Home Affordable Modification Program (HAMP). The new directive calls for a sliding scale form of payment that will be instituted October 1. The later in delinquency a loan enters the program, the less the …
The Sioux City Journal reports a new Housing and Urban Development (HUD) grant will provide funding to public housing officials to identify families at risk of being broken up because of inadequate housing. The grant encourages child welfare officials to work closely with public housing authorities to reunite children in …
The Joplin Globe reports that the Federal Emergency Management Agency (FEMA) is placing 43 of their homes in Country Acres Mobile Home Community for homeless survivors of the May 22 tornado. There are already 186 homes, and acreage is available to develop 30 more if needed. One of the first …
FEMA Begins Placing Joplin Tornado Survivors in MH Homes Read More
The U.S. Department of Housing and Urban Development (HUD) and the Council of Large Public Housing Authorities (CLPHA) are sponsoring a conference on developing green solutions for public housing. Slated for July 13-14 in Boston, Massachusetts, participants will include public housing authorities, green building movement members, and private energy sector …
Zacks Investment Research reports SmarTrend saying that Equity Lifestyle Properties (NYSE:ELS) ranks number one in the residential REITs (real estate investment trust) industry with a score of 1.61 percent gain, based on relative performance of yesterday’s trading activity. In its search for stocks that have the potential to outperform, SmarTrend …
The Minot Daily News reports that Judith Lynn Garrett of Minot, South Dakota, passed away July 5. Judith was co-owner of Drew Plaza Manufactured Homes Company of Monticello, Arkansas. She was an avid golfer and had been active in several service organizations inside and outside the military. With …
Passage: Judith Garrett, Co-owner of Drew Plaza MH Company Read More
The Clarion Ledger reports from Madison County in central Mississippi that manufactured homes with delinquent county taxes will be sold for cash to the highest bidder Monday, July 11, on the town square in Canton, Mississippi. Any representative of a business or corporation must have identification and authorization from their …
The Morning Call in East Penn, Pennsylvania, says the Red Maple Acres manufactured housing community in Macungie, PA has received permission from Lower Macungie Township Commissioners to add 29 manufactured homes to the existing 202 units. The township is considering levying owner Big Bear Management Fund $78,052 as a recreation fee, …
The Dow dropped 62.29 points on disappointing job news for June to end the week at 12,657.20, and most housing stocks fell also. The Manufactured Housing Composite lost 2.77 percent to close at 1144.60. MSCI gained .36 percent. Skyline Corporation lost 4.58 percent, Deer Valley fell 4.41 percent, Cavco dropped …
Dow Ends the Week Down, Most Housing Stocks Follow Read More
The Manufactured Housing Institute (MHI) says the number of manufactured homes shipped in May declined by 10.9 percent over May 2010. The 4,475 homes represent a 23.8 percent decrease in multi-section homes and a 9.6 increase in single section homes. Year-to-date shipments are 18,125 as opposed to 20,972 houses for …
