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.com says legislation that gives a homeowner the opportunity to go through a foreclosure mediation process before the default judgment is issued, passed out of the Connecticut Assembly’s banks committee. The homeowner would be given sufficient time to seek mediation assistance. Meanwhile, a bill introduced in Congress would provide HUD …
Foreclosure Mediation Assistance in Connecticut and Congress Read More
Danbury Patch of Connecticut says Housatonic Habitat for Humanity in Danbury has the approval of the Planning Commission for five modular condos, the first time Housatonic has used modular methods. The project will be completed in 2011, and will cost less than conventional building. Habitat requires new owners to contribute …
As the nuclear crisis in Japan comes under more control, the Dow gained 178 points to top the twelve thousand mark and close at 12,036.53. Cavco gained 3.69 percent, and Skyline Corp. was up 2.70 percent. Nobility Homes and Deer Valley were unchanged. The Manufactured Housing Composite gained 2.98 percent …
Dow, Most Housing Stocks Advance for Third Day in a Row Read More
Indedpendentmail.com in Anderson, South Carolina, reports that the town of Seneca SC, in conjunction with Habitat for Humanity, installed two modular homes as part of a subdivision that will include 12 homes when the project is completed. The city installed the utility infrastructure for water and electricity. Each home will …
Habitat for Humanity Building Modular Subdivision in SC Read More
The East Dubuque Register reports that effective Jan.1 of this year, the Illinois legislature has changed the method for taxing manufactured homes. If you remain in a licensed manufactured home community, you will continue to be taxed based on the square footage and the age of your home according to …
Illinois Law Penalizes for Moving Manufactured Home Read More
Jerry Rouleau, 62, involved in the housing industry as an advocate, speaker, consultant, author, and builder for decades, died after a battle with cancer in Hartford, Connecticut, March 15. An active member of the National Association of Home Builders (NAHB), he spoke often at their International Builder Shows. In addition, …
Longtime Home Building Advocate Dies after Battling Cancer Read More
Chicago, IL. Allegations circulated by email claimed a second Capital First Realty property, Sunset Village in Glenview, IL, may be closed as a manufactured home community. The email from an unidentified source alleged that letters were issued from the bankruptcy court to residents, giving them one year to vacate. While …
Capital First Realty Denies New Rumor about Second LL Community Read More
News-press.com in Florida offers a legal Q & A column. Questioner lives in a manufactured home community six months of the year, pays for lawn maintenance, but has a rock garden instead of grass. They have to weed their own rock garden despite paying for lawn care, and have to …
A post originally published here March 14 said Christchuch, New Zealand, would receive 500 modular homes to temporarily house people while their homes are repaired following the Feb. 22 earthquake. Now, Stuff.co.nz says the Department of Building and Housing is requesting 2500 modular homes, because housing for out-of-town work crews is …
ShoreNewsToday.com reports that construction permits for new homes in Avalon, New Jersey, increased from 534 in 2009 to 591 in 2010. Borough construction official John Tracy said, “Modular homes are catching on. Ten permits were given for modular homes in 2010. This year, there are already 14.” Some question the …
Chicago, IL. Allegations have been circulating by email that Sterling Estates in Justice, IL will be closed as a manufactured housing community. The email alleges that letters have gone out from the bankruptcy court to residents, giving them 1 year to vacate. The email further alleges that residents were also …
The Dow closed up for the second day in a row as a cease-fire in Libya began, but tempered by the turmoil in Japan. It gained 83.93 points to close at 11858.82. Housing stocks also closed up or even. Skyline Corp. was up 5.66 percent and Cavco gained 3.88 percent. …
The Tennessean reports that Lloyd D. Link passed away March 15, 2011 in Nashville, Tennessee. He was an entrepreneur involved in auto racing, manufacturing electrical safety equipment for punch presses, and installing safety equipment in factories. He also founded a real estate company and was an early developer of modular …
As reported in California’s St. Helena Star, the St. Helena City Council will meet March 22 to hear a presentation by Silver Crest Homes concerning modular homes and the city’s contribution to affordable housing. Also on the agenda is the status of the Affordable Housing Committee.
RealEstateRama reports that the Manufactured Housing Institute’s (MHI) annual Legislative Conference in the nation’s capitol resulted in 20 percent more meetings with Members of Congress and staff than last year. Said Thayer Long, executive vice-president of MHI, “The message to Congress is simple. For the past two decades manufactured housing …
Following up on a post from Feb. 21 from TheTandD.com, of Orangeburg, South Carolina, the Cope Town Council approved a final ruling to ban future locations of manufactured housing within the town limits. Current homes will be grandfathered in. A manufactured home sitting on property that is sold will be given …
Following up on a post from March 17, Bed-StyPatch.com reports that New York City unions are infuriated over developer Forest City Ratner’s plan for a steel modular building in Brooklyn’s Atlantic Yards. The company says modular construction could cut their costs in half for the 34-story project, the tallest modular …
New York Unions Torched Over Proposed Modular Steel Tower Read More
The Dow experienced its first gain after three days of losses, rising 161.29 points, or 1.4 percent, to 11,774.59. Nobility Homes gained 6.09 percent, Cavco closed up 2.01 percent and Skyline Corp. ended the day up .68 percent. Deer Valley was unchanged. The Manufactured Housing Composite went back above the …
CKNW980AM radio in Vancouver, British Columbia, Canada, reports the city is installing a series of modular units on the east side of downtown to provide homes for homeless people. Vision Vancouver Councilor Kerry Jang said this may be an inexpensive way to continue to address homelessness in Vancouver. The homes …
HousingWire.com reports the House of Representatives voted to end the Neighborhood Stabilization Program (NSP) which began with HUD’s Housing and Economic Recovery Act (HERA) in 2008 with $3.9 billion. Recipients use the funds to rehab empty residential properties and resell them. Owner-occupants are given two weeks to bid on them …
