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 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
The Bangor Daily-News reported that a company there is manufacturing homes and offices from shipping containers. SnapSpace Solutions Inc. says customers can design their buildings to look like anything, such as a traditional New England home, and can cover them with vinyl, brick or any other siding. Maine Rural Development
Maine Company Producing Shipping Container Homes Read More
A one-and-a-half-minute video from the Asbury Park, New Jersey Press website, via USA Today/Gannett, documents in time lapse sequence, the erection of a modular home in Chapel Hill, North Carolina. The female voiceover starts: “Factory built homes are becoming more greener and stylish. As this video shows, a Massachusetts based
Modular Home Unfolds from the Ground Up Read More
Zillow.com and Yahoo! Real Estate announced the launch of an exclusive partnership that brings together the two sites and creates the largest real estate network on the web, according to comScore Media Metrix. Zillow’s sales force now sells local advertising across both sites, and the four million for-sale listings on
Change Brewing in Online Real Estate Marketplace Read More
Reports from Tulsa find the 2011 Great Southwest Home Show is filling up. Southern Energy of Texas has committed along with Southern Energy of Alabama. The lineup also includes Legacy Housing, Skyline Corporation, Palm Harbor Homes, American Homestar, Fleetwood, Clayton and others. A large number of booth exhibitors will be
Promoters Say Tulsa Show Filling Up Read More
From Maine, the Times-Record notes the 23rd annual Maine Manufactured Housing Show will be held at the civic center in Augusta this coming Friday, Saturday and Sunday. Four modular and eight manufactured homes will be on display. More information is available by calling 207-865-1196.
Maine MH Show This Weekend Read More
The American Land Title Association (ALTA) announced it supports a proposed rule issued by the Federal Housing Finance Agency that would limit Fannie Mae, Freddie Mac and the Federal Home Loan Bank from investing in mortgages encumbered by private transfer fee covenants (PTFs). The association says PTFs are a new
Land Title Association Calls Private Transfer Fees a Scheme Read More
The Dow remained essentially flat Wednesday, but holding the line above 12,000. The Manufactured Housing Composite Value didn’t fare as well, losing more than two percentage points. Cavco was the big share value loser of the day, giving back more than five percent. Drew Industries declined nearly three percent. The
MH Stocks Mixed Midweek Read More
Looking forward to Fannie and Freddie reform? It may take a while. As reported by Housingwire, analysts at the Royal Bank of Scotland (RBS) estimate changes will take up to 15 years to fully implement. The analysts also indicate their view that a rush to change may put the secondary
GSE Reform Could Take 15 Years Read More
Good news from the Mortgage Bankers Association (MBA). The group released its Weekly Mortgage Applications Survey Wednesday for the week ending January 28, revealing a volume increase of 11.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 13.2 percent compared with
Mortgage Applications on the Rise Read More
Champion Enterprises Holdings, LLC, announced Tuesday that John N. Lawless, III has been named its President and Chief Executive Officer. Since 2007, Lawless has been the President of Headwaters Construction Materials, Inc., a manufacturer of building products based in Wixom, MI. Prior to that, Mr. Lawless was President and Chief
Champion Names Jack Lawless CEO Read More
From Illinois, the Commercial News reports the Danville Area Planning and Zoning Commission will consider approving a special-use permit request by Sandra and Connie Reynolds for a manufactured home in a rural residential zoning district. The residents want to replace a home destroyed by fire with a manufactured home. The
Illinois Community Takes Up MH Permitting Read More
