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.
Housingwire reports on a study by The Office of the Inspector General that reveals that the Federal Housing Finance Agency (FHFA) lacks the staff to properly monitor the mortgage giants in conservatorship. The study also indicates the FHFA failed to provide adequate oversight over default services legal issues. The Inspector …
Inspector General’s report tags the FHFA’s handling of GSEs. Read More
Colorodoan reports that Bender Mobile Home Park has sold to a developer who plans to redevelop the location as single family housing. Located at 912 Wood Street in Fort Collins, CO, the property has 16.7 acres, some two dozen factory built homes and some site built housing structures on it …
Curbed, AOLRE and MyWestTexas are among the many to report that the most expensive manufactured home sale of the year has closed in Paradise Cove manufactured home community in Malibu, CA. The home listed for some 2.5 million and was sold for 2 million dollars – ‘all cash.’ It is …
Baywatch’s Pam Anderson as your “upwardly mobile” neighbor, 2+2MH Sells for 2 Million Cash Read More
ClearnEnergyAuthority reports that Team Canada’s entry in the 2011 Solar Decathlon in Washington D.C this week uses native cultural design for their solar home. “In Canada, and I’m sure in North America, cultural considerations have been largely left out of the process of building homes, and that omission doesn’t represent …
Canadian Solar Decathlon Entry Blends design with cultural sensitivity Read More
MySA reports that American Institute of Architects award winning Lake|Flato Architects has entered the modular/prefabricated home field with a new subsidiary. Lake|Flato Porch House is building Leadership in Energy and Environmental Design (LEED) certified modulars in Navasota TX, near Houston. “What Lake|Flato does particularly well comes into play,” said Lake|Flato architect Bill …
ECT.COOP, published by the National Rural Electric Cooperative Association (NRECA), says that many manufactured homes are wasteful when it comes to using electricity. A new report, Retrofitting Manufactured Homes for Improved Energy Efficiency, can help in many cases, but Brian Sloboda, of NRECA’s Cooperative Research Network (CRN), says there is …
CNNMoney reports the Dow Jones Industrial Average reversed some of last week’s losses and climbed 243.93 points, a gain of 2.26 percent, to close at 11015.41 as investors fears about Europe’s debt crisis turned to hope. The Yahoo! Finance Manufactured Housing Composite Value gained slightly to 753., +0.82%. Affiliated Managers …
Dow Rebounds from Last Week’s Pounding; Housing Stocks Close Mixed Read More
MountainXpress reports that students from Asheville-Buncombe Technical Community College (A B Tech) in Asheville, North Carolina, have built a LEED (Leadership in Energy and Environmental Design) Certified house that they are selling to raise money for the school. The 280 square foot modular home, from the school’s Construction Management and …
Reuters reports the U.S. Energy Department’s Solar Decathlon competition resulted in an array of modular homes built by collegiate design teams from across the globe. The homes have to be between 600 and 1000 square feet, no taller than 18 feet, and solar powered. The CHIP (compact hyper-insulated prototype) House, …
The Prescott Daily Courier states the report of a Chino Valley contractor noted faulty drainage hook-ups in a recent conversion of septic tanks to sewer lines in Chino Meadows 2 manufactured home community. Of 171 homesites inspected, eleven needed extensive repair due to sewage back-up and sagging drain lines, 105 …
Conversion from Septic to Sewer Results in Problems Read More
CityBiz in Philadelphia reports that MHC operator UMH Properties, Inc., based in Freehold, NJ has passed a resolution to increase the size of its board of directors from nine to ten members. According to Eugene W. Landy, UMH Board Chairman, the tenth spot will be filled by Stuart Levy, vice …
UMH Adds Board Member with International Banking Ties Read More
On Sept. 22, Danny Ghorbani of the Manufactured Housing Association for Regulatory Reform (MHARR) reports a joint delegation of MHARR and MHI (Manufactured Housing Institute)-member executives and staff met with Ms. Carol Galante, the new Acting HUD (Housing and Urban Development) Federal Housing Commissioner-Assistant Secretary for Housing. As reported previously …
Industry Association Members Meet with HUD Housing Commissioner Read More
CNNMoney reports The Dow Jones Industrial Average re-gained small ground today, moving up 37.65 points on the heels of a near seven percent loss for the week, it’s worst since Oct. 2008. It closed at 10,771.48, a gain of 0.35 percent. Yahoo!’s Manufactured Housing Composite gained 2.05 percent to end …
Investors Losing Faith in World leaders and Economies Read More
Humans Invent reports that architect David Morton, of the UK, took his inspiration for building modular housing from his love of the Mini Cooper automobile, which was originally built in response to the Suez Oil Crisis of 1956, and the subsequent oil shortage. His BoKlok UK modular houses respond to …
Architect Develops Modular House with Ideas from Small Car Read More
Investors reports SmarTrend, that inveterate tracker of 5,000 stocks daily, says as measured by dividends, the number one company in the Residential REIT (Real Estate Investment Trust) Industry is UHM Properties (UMH). It ranks at the top with a dividend yield of 7.7 percent, followed in second place by Sun …
MHMSM.com is moving to a new more powerful cloud server this weekend. The move will begin Friday night at 11 PM CDT and it is anticipated the move will be completed by noon Saturday, CDT, Sept. 24. Next weekend we will unveil our new format.
SouthCoastToday reports that the 51 residents of Edgeway Mobile Home Park in Middleboro, Massachusetts may finally get street lights that were supposed to be installed over a decade ago. Only 51 sites 0f the planned 74 are currently occupied because the city revoked the license of the MH community owner, …
MHC has Long-standing Issues Between Owners and Town Board Read More
HousingWire reports the Federal Housing Finance Agency (FHFA), the conservator of Fannie Mae and Freddie Mac, said home prices moved up slightly in July 0.8 percent, but are down for the year ending July 31 by 3.3 percent. Prices are 18.4 percent below the high point in April 2007, although …
Slight Increase in Home Prices Reflects Stagnant Housing Market Read More
Weak manufacturing date from China and concerns about Greece’s economy sent the Dow Jones Industrial Average plunging -3.51% to close at 10,733.83, a loss of -391.01 points. The Yahoo! Finance Manufactured Housing Composite Value declined .84% to 731.9, but housing stocks closed mixed. Affiliated Managers Group 78.56 -2.22 (-2.75%)). Clayton …
Stock Prices Fall 4% as Fear for Global Economy Dominates Market Read More
The Herald in Monterey County, California reports a preliminary hearing concerning rent control for Marina’s five manufactured housing communities was approved by the Marina City Council by a 3-2 vote. First proposed by residents 20 years ago, the Mobile Home Rental Stabilization Ordinance allows the annual rent increase to 80 …
Council Hearing Favors Rent Control in California City Read More
