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.
From Sunbury, Pennsylvania the Danbury Item ran a story this week about that state’s sprinkler mandate. The mandate went into effect January 1 and requires all new one- and two-family homes in Pennsylvania to have an automatic fire sprinkler system. Builders estimate the cost can range anywhere from $5,000 to […]
PA Groups Fighting Sprinkler Mandate Read More
Despite the acute housing shortage in England and the lengthy time required for a site-built home, modular construction remains opposed by the conservative home building industry from top to bottom. From The Independent comes the article, “Why is the property industry dragging its feet over prefabs?” While noting modular housing
Tradition Stronger than Modular Housing in England Read More
From Canada, Karoleena Homes issued a press release this week focusing on the company’s concentration on urban areas and transition from site-built to modular construction. The release says Karoleena is moving toward sustainable construction, walkable communities and future-ready homes. The move to modular is credited as coming from the growing
Canadian Builder Moving to Modular Read More
From Maine, the Kennebec Journal ran an article about last weekend’s manufactured housing show. The article focuses on attendees, including Deb Parry and John Harker who came looking for a smaller, more efficient retirement home that allows for low maintenance. They were also looking to save money through energy efficiency.
Maine Wraps Up Manufactured Housing Show Read More
CNBC reports the Obama administration may look to cut government support for the mortgage market to below 50 percent over time. Fannie Mae and Freddie Mac currently backstop more than 85 percent of the mortgage market. Key housing officials were expected to meet at the White House late Tuesday to
Plan May Reduce Fannie and Freddie Role in Mortgages Read More
Overall, Fannie Mae financing for multi-family rental properties dropped from $19.8 billion in 2009 to $16.9 billion in 2010, a 14 percent decrease. According to Housingwire, financing for manufactured housing communities dropped more than 50 percent, from $1.1 billion in 2009 to $540 million last year. Senior housing projects financing
Fannie Mae Registers Sharp Manufactured Housing Decline Read More
Several mergers announced Monday gave investors renewed confidence in the economy that sent stocks up nearly 70 points. The Manufactured Housing Composite Value rose nearly three percentage points. Several stocks had sizeable individual gains including Cavco, up more than four percent; Barnes Group, up more than three percent and UMH
Merger Monday Sends Stocks Higher Read More
Housingwire reports that the publishers of a Bank of America Merrill Lynch Securitization Weekly Overview say plans by Republicans to wind down the operations of Fannie Mae and Freddie Mac in next four years may be too ambitious, with a true transition expected to take up to six years. As
Bankers Say Republican Plan for Fannie and Freddie Ambitious Read More
The Press of Atlantic City ran a story recently encouraging readers to thing of manufactured housing as affordable rather than mobile. The newspaper calls the product “one of the few remaining means of comfortable yet affordable home ownership in New Jersey.” The article refers to Atlantic Gardens in Egg Harbor,
New Jersey Paper Says ‘Mobile’ No More Read More
Through the combination of government funding, and community donations and support, the modular homes that housed Olympic athletes during last year’s winter games will now be home to people with mental health problems who otherwise might be at risk for homelessness. According to British Columbia’s Coast Reporter, the $3.7 million
Olympic Housing Gets New Life Read More
The old adage that sold Packard automobiles for many years, “Ask the Man Who Owns One,” still rings true in Clayton Homes’ Abilene, Texas office. General manager Buddy Parish, a veteran of nearly thirty-five years selling manufactured homes, earned the company’s Five Star Service Award sixteen out of the last seventeen
Old Adage Holds True in Abilene Read More
The Manufactured Housing Institute (MHI) reports that on February 3, House Budget Committee Chairman Paul Ryan (R-WI) released a budget allocation for the remainder of fiscal year 2011— federal programs are currently operating a stopgap continuing funding resolution that expires March 4—that would cap spending at $1.05 trillion and trim
House Budget Plan Calls for $32 Billion Cut Read More
The Dow spent several days last week above the 12,000 mark, and ended the week 92 points above this milestone. Most manufactured housing and related stocks ended the day down. Cavco was off more than three percent and Skyline Corporation was down 2.45 percent. All American Group ended the day
Stocks End Week on a High Note Read More
On February 1, the Federal Reserve Board announced it would not finalize pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority to the Bureau of Consumer Financial Protection (CFPB). The CFPB is slated to assume jurisdiction over TILA, as outlined
Federal Reserve to Withhold Final Regulation Z Rulemakings Read More
On January 31, it was announced that the National Mortgage Licensing System and Registry (NMLSR) would begin accepting registrations for residential mortgage loan originators employed by banks, savings associations, credit unions or Farm Credit System institutions. Employees of agency-regulated institutions would have until July 29, 2011 to register with the
Initial SAFE Act Registration Period Announced Read More
From the Keystone State, from the Lebanon News comes a story about residents considering legal options to try to prevent the owners of Northcrest Acres from forcing them to install new storage tanks for kerosene or fuel oil or to switch to propane. Lawyers are expected to argue the conversion
Pennsylvania Community Asks Residents to Switch Fuel Source Read More
The Pennsylvania Propane Foundation has announced its sponsorship of the 2011 HOMExpo, presented by the Pennsylvania Manufactured Housing Association (PMHA).This year’s event will be held April 29 – May 1st at the York Expo Center in York, PA. Thousands of people are expected to attend. The Pennsylvania Propane Gas Association
PA Home Show Cooks With Gas Read More
According to the Texas Quarterly Housing Report released by the Texas Association of Realtors, Texans bought and sold fewer homes in 2010 than in 2009, but the median price of those homes remained stable from year to year. “Specifically, in 2010, 202,916 homes were sold in Texas, which is five
Texas Sales Volume Down Five Percent Read More
A pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and manufactured home dealerships will be re-launched next week and will be effective through Sept. 30, 2013, the U.S. Small Business Administration announced Friday. The Small Business Jobs Act of 2010 included a provision for
SBA Re-launches Dealer Floor Plan Pilot Loan Program Read More
Stocks closed modestly higher Thursday while the Manufactured Housing Composite Value finished lower by a fraction of one percent. Most manufactured housing stocks ended the day about where they started. Drew Industries lost nearly two percent to close at $23.19 a share and Global Diversified Industries closed up more than
Stocks Up, MH Index Flat Read More
