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 stock market closed mixed, but the Dow was down slightly to close at 12,268.19. Palm Harbor dropped 15.79 percent and Cavco lost 1.54 points, but Deer Valley was unchanged. The Manufactured Housing Composite Value lost 1.54 percent.
According to CNN Money, the tab to bail out Fannie and Freddie will continue to grow, says the Federal Housing Finance Agency (FHFA), which oversees the duo. It says the estimated costs through 2013 could increase by as much as $210 billion, that on top of the blank check that …
It may not have the same emotions attached as Obamacare, but the reform of Fannie Mae and Freddie Mac may get complicated because the administration’s plan is not specific in some areas, leaving the door open to many options, says an article on GlobeSt.com. Mark Oesterle, former counsel to the …
If you are looking to build a new home, do it now, according to the National Association of Home Builders (NAHB). Construction costs have fallen during the housing crunch, but are steadily creeping back upward. According to an article in the Los Angeles Times, nine years ago construction costs made …
The Williston Herald in North Dakota reports that a local company is installing modular homes to house its employees and possibly their families. The two-story building will have four apartments per floor, and people may start to occupy the apartments in 30 days. This is the first project in Williston …
Riverine Development, Inc. first proposed this manufactured homes project near Ann Arbor, Michigan in 2004, according to AnnArbor.com. After numerous battles involving Superior Township officials and residents, judges, the developer, state environmental quality control and the state attorney general, the outcome is still in doubt. The focus has been on …
Strong Opposition to Build 1,950-Unit Community in Michigan Read More
The Dow gained 43.97 points to close at 12,273.26. The NASDAQ gained 18.99 points to end the week at 2,809.44, and the S&P was up 7.28 to close at 1329.15. The Manufactured Housing Composite Value was up 2.92 percent to close at 1161.20. In individual stocks, Skyline Corporation ended at …
In a discussion at the school’s College of Design, a reporter for the Des Moines Register brought up the dilemma of some low income families buying sub-standard, older homes because they cannot afford to live elsewhere, having no recourse if the community owner does not respond to problems, and being …
Manufactured Housing Debated at Iowa State University Read More
The deadline for entering the 2011 Manufactured Housing Institute’s Community and Retail Sales Center and Manufactured and Modular New Home Design competition is Feb 18. Materials for judging must be received by March 4. The awards will be presented at a luncheon at the National Congress & Expo for Manufactured …
The Toronto Star’s Boulevard of Dreams exhibit, scheduled to open Feb. 18 at the National Home Show, features a metal framed glass modular home, one of two modular homes at the show. Designed by Concept PolygHome of Quebec, the home is comprised of trapezoidal units assembled to form the structure. …
On Feb. 11 the Obama Administration offered a plan to reform the mortgage finance industry. It would involve shrinking Fannie Mae and Freddie Mac at 10 percent per year, requiring a down payment of at least 10 percent for Fannie and Freddie loans, and making other changes to help increase …
Disappointing earnings news had stocks ten points lower Thursday, while the Manufactured Housing Composite Value rose 1.4 percent. Cavco closed higher by more than one percent and Skyline Corporation enjoyed a 3.6 percent gain. On the downside, Nobility Homes and Universal Forest Products were down more than three percent.
CNET News reports that modular classrooms for public schools may move beyond the temporary to a more permanent status. The Bolsa Knolls Middle School in Salinas, CA is made of almost entirely recyclable materials, and exceeds the California Title Energy Code by 30 percent. Built by American Modular Systems, the …
Modular School Buildings in California from Recyclables Read More
The Utah legislature is set to hear discussion on a proposed bill that would set up an arbitration mechanism between homeowners and community owners. This bill would charge community owners an annual $10 fee to fund a potential mediation process. Homeowners claim they are at the mercy of the community …
Delaware House Bill 392, enacted in July 2010, requires a manufactured housing community to have a community center available for its residents. As reported in the DelawareOnLine News Journal of February 9, in an August 2010 meeting with state legislators, a homeowners association (HOA) president claimed his community did not …
In a January, 2011 online poll of 2,079 adults over 18, conducted by Harris Interactive on behalf of Trulia, the real estate search engine, 70 percent still view home ownership as being part of their American Dream, and 78 percent think their home is the best investment they have ever …
The Small Business Jobs Act of 2010 mandates that as of Jan.1, 2011, independent landlords must file IRS Form 1099 for transactions totaling more than $600.00 in a year. In addition, according to a report from the National Association of Home Builders (NAHB), beginning in 2012 all businesses will be …
After a day in the red, the Dow managed to close up six points Wednesday, marking the eighth straight day of gains. The fate wasn’t the same for the Manufactured Housing Composite Value, which lost more than three percent. The largest losses were recorded by Cavco, which closed down more …
Net income for this provider of manufactured homes and RV’s jumped nearly 13 percent to $38.4 million over 2009 despite the economic downturn. According to Medill Reports, this Chicago-based real estate investment trust (REIT), which has a controlling interest in over 300 North American resorts comprising more than 10,000 home …
The Credit Union Times reports that San Antonio Federal Credit Union Chief Operating Officer Stephen S. Hennigan has been named president of the credit union. The Trade Journal says Hennigan has been credited with being integral in helping create Credit Union Factory Built Lending, a credit union service organization (CUSO), …
