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.
Stocks tried to fight off declines on Monday, but ended 24 points short of turning performance positive. The Dow Jones US Home Construction Index closed 1.74 percent lower. Palm Harbor Homes continued to gain back a little of its lost value, ending up seven percent Monday to close at 18 …
Deer Valley Corporation announced this week that Shad L. Stastney has been elected to the firm’s Board of Directors, effective November 22, 2011. Stastney will fill one of two vacancies on the Board and will bring the Board to six. He graduated from the University of North Dakota in 1990 …
Deer Valley Corporation Announces Election of New Director Read More
From Mississippi, the Clarion Ledger reports that by delaying a vote earlier this week on a major zoning ordinance, supervisors in Rankin County now have time to meet with residents to explain how the legislation will affect them. Rural residents and a manufactured home interest group complained Monday that a …
Soundings Trade Only, a publication for the Marine Industry reports that the Small Business Administration (SBA) is developing a revised Dealer Floorplan Program to replace the expired pilot program. The news came to the paper from the National Marine Manufacturers Association (NMMA). According to the report, the NMMA and other industry …
The RV/MH Hall of Fame in Elkhart, Indiana is preparing to launch fundraising efforts to complete a new facility to showcase the history of manufactured housing. The Hall of Fame has applied for a $6 million USDA loan to construct Manufactured Housing Hall which is the final component of the complex. …
Hall of Fame Begins Fundraising for Manufactured Housing Hall Read More
Stocks reversed a day of decline to close higher Friday. The Dow gained 22 points. The Dow Jones US Home Construction Index was off by one percent. Palm Harbor Homes gained a little more than four percent to close at 17 cents a share. UMH Properties lost a little more …
2011 promises to be the Year or the Manufactured Home Show. Not only will we see the return of the Louisville Manufactured Housing Show in January, but the Pennsylvania Manufactured Housing Association has scheduled its HOMExpo 2011 at the Expo Center in York, PA for the end of April. PHMA …
More news from the Extreme Makeover project in Wellman, Texas – KCBD reports that a new home for the Brown family is coming together thanks to volunteers who have worked through cold temperatures in 12-hour shifts. Volunteers from Palm Harbor Homes, the West Texas Home Builders Association and local construction companies …
The Manufactured Housing Institute (MHI) reports that on November 18, Senate Majority Leader Harry Reid (D-NV) indicated that the Senate could potentially bring up measures to extend the 2001 and 2003 tax cuts when congress returns from Thanksgiving recess the week of November 29. Included in these measures would be …
Energy-Star Tax Credit Would Be Included in Tax Bill Read More
The Manufactured Housing Institute (MHI) reported that earlier this week, 20 members of MHI’s Dodd-Frank Financial Reform Taskforce convened in Dallas to identify and prioritize provisions in the Dodd-Frank Act. MHI says if unchanged, Dodd-Frank will significantly burden manufactured home purchasers by adding to the cost of acquiring a loan …
Hometownlife.com reports that officials in Highland, Michigan are relaxing requirements for a manufactured home community that had prohibited the owners from bringing in used homes to sell to residents. A plea by the owners of the Ridgewood Manufactured Home Community lead to a vote to alter a 1997 consent judgment …
Michigan Community Begins Permitting Pre-Owned Homes Read More
The San Jose Business Journal reports that modular home builder Eco Offsite has gone from zero revenue to $1 million in six months. According to the report, the company is set to increase that to $4 million next year. According to the website, Eco Offsite offers a full suite of design …
LivingHomes invited the press to watch as it assembles a new three-home multifamily residence in Los Altos, California. Designed by iconic California architect Ray Kappe, FAIA, and featuring some of the most high performance sustainable building materials available, the company says this new LivingHome is expected to …
LivingHomes Installs Modern Modular Home in Bay Area Read More
Modular Architecture announced that a recently completed home received two 2010 HOBI Awards – Home Building Industry Awards – awarded by the Home Builders Association of Connecticut. The home, in Old Greenwich, CT, was built by Twelve Development and Modular Architecture. The awards were for Best Spec Home $3-4 Million and Best Kitchen/Bath Feature. …
Modular Architecture and Twelve Development Share 2010 HOBI Awards Read More
From Corpus Christi, Texas the Caller reports that a federal jury found Clayton Homes subsidiary Vanderbilt Mortgage liable for civil racketeering and fraud in a South Texas case. David Rumley, attorney for the plaintiffs told the paper the company was found liable for collecting payments on a home for four …
Court Finds Manufacturer Inappropriately Collected Payments After Lien Release Read More
CNN Reports top Democrats are uniting with Republicans to repeal the expanded 1099 reporting requirements set to take effect in 2012. Senate Finance Committee Chairman Max Baucus, D-Mont., said Friday that he will introduce related legislation. The reporting requirement is sometimes referred to as “1099” because it would require businesses …
Repeal of 1099 Reporting Requirement Would Help Small Businesses Read More
A new survey by Rasmussen Reports finds homeowners continue to have little short-term confidence in the U.S. housing market, but are much more confident about the picture five years down the road. The national telephone survey finds that only 20 percent of homeowners believe the value of their home will …
Survey: Homeowners Lack Confidence in Housing Market Read More
Stocks closed sharply higher Thursday on news more debt problems in Europe may soon be solved. Big movers among manufactured housing and related stocks include penny stock Global Diversified Industries, up 125 percent to 5 cents a share. All American Group closed up just over four percent to 25 cents …
Many Manufactured Housing Stocks Close Higher Thursday Read More
From Indiana the Herald Argus reports that two years after floodwaters destroyed their home, Sandy and Don Dingman now have a new modular home. The La Porte County Health Department and FEMA condemned the old home. The couple tried to rent, but found that challenging with their two collies. Insurance …
The Manufactured Housing Association for Regulatory Reform (MHARR) has called on Congress to reject a major proposed increase in the appropriation for the Department of Housing and Urban Development’s manufactured housing program and instead direct HUD to provide more appropriated program funding to its state partners. In a November 15, …
MHARR Urges Congress to Reject Increase in HUD’s Budget Read More
