MHProNews.com has learned the Bullhead City Council has approved an agreement between the city and the Arizona Department of Fire, Building, and Life Safety (DFBLS), Office of Manufactured Housing, for Mojave County to issue permits and inspections for manufactured housing and factory-built buildings. The DFBLS does not have an inspector …
In her segment about the tornadic dangers to MH residents, Iowa’s KWWL-TV reporter Kera Mashek does not distinguish between pre-HUD Code homes and manufactured housing in her report. It is all “mobile homes” to her. Unfortunately, the U.S. Commerce Dept.’s National Oceanic and Atmospheric Administration’s (NOAA) statistics on fatalities resulting …
RVBusiness says TheElkhartTruth reports Indiana Gov. Mitch Daniels will visit the RV/MH Hall of Fame and Museum in Elkhart, Indiana this Friday to meet with RV execs and publicize the industry’s recovery. Mark Bowersox, executive director of the Recreation Vehicle Indiana Council (RVIC), says Daniels will meet with company presidents …
A slowdown in the Chinese manufacturing sector and news French President Sarkozy placed second in the first round of voting behind an opponent who does not favor European Union austerity measures kept investors along the wall as the Dow Jones Industrial Average dropped 102.97 points, -0.78 percent, to close at …
European, Asian News Douses Dow; MH Stocks Follow Down Read More
The Wall Street Journal states Warren Buffett’s announcement of having prostate cancer set the street buzzing with who may be his successor. Financial researchers culled the Oracle of Omaha’s annual letters to shareholders since 1977, some 400,000 words, and determined Ajit Jain, head of Berkshire’s reinsurance division, was mentioned the …
2012 National Congress & Expo a Huge Success – Attendees Show Strong Determination and Optimism for a Great Future We would like to thank the 700 registrants, speakers, sponsors, and exhibitors that helped make the 2012 Congress & Expo for Manufactured and Modular Housing a huge success. Attendees from all …
BusinessInsider says Warren Buffett has been diagnosed with stage 1 prostate cancer. Subsequent CAT and bone scans revealed the cancer has not spread. The Chairman of Berkshire Hathaway, which owns Clayton Homes of Maryville, Tennessee, will begin radiation treatment in July, and says his travel will be restricted during that …
In This Report: Program Backsliding Resumes HUD Misses Opportunity on MHCC Fire Sprinkler Proposal Defects Revealed New MHARR Front on Expanded Regulation HUD Creates More Confusion on AC and ON-SITE Arbitrary and Untimely Wind Standard Process Serious Questions Renewed on Contract Well-Timed GAO …
MHARR Washington Update — Report and Analysis April 16, 2012 Read More
Deanna Fields of the Manufactured Housing Association of Oklahoma tells us Gov. Mary Fallin vetoed a bill that would have provided liability protection for MHC owners who shelter residents in their office during severe weather. HB 2296, which would protect the owners from civil liability passed unanimously in the House …
The GadsdenTimes reports from the statehouse in Montgomery, Alabama that legislators continue to discuss moving tornado shelter inspection from the Alabama Manufactured Housing Commission (AMHC) to the state’s Emergency Management Agency (EMA) when the shelters are eligible to be reimbursed with federal funding. MHProNews.com has learned the AMHC currently inspects …
AL Legislature Discussing Inspection (Fees) of Storm Shelters Read More
OriginationNews says Amherst Securities Group reports lower-priced housing loans will outperform jumbo loans at current prices, suggesting investors should look for bonds with smaller loan sizes. The report says a government bulk REO sale would stabilize the low-income housing prices, and clear out many of the 3.2 million homes in …
KRMGRadio says the first modular units for the Red Clay Casino have arrived in Broken Arrow, Oklahoma, just southeast of Tulsa. Being developed by the 450 member Kialagee Tribal Town from Wetumpka, OK, the project has become a lightning rod for opponents of the casino, including a state lawsuit to …
CFPB Regulatory Updates CFPB Clarifies MLO Compensation On April 2nd, the Consumer Financial Protection Bureau (CFPB) issued guidance to address concerns as to whether the mortgage loan originator compensation rule in Regulation Z (Truth in Lending Act) prohibits originators from participating in a qualified profit-sharing 401(k) or employee stock ownership …
While many manufactured and mobile homes are damaged or destroyed each year by tornadoes, many site-built houses are also destroyed. The truth is few structures can withstand the direct impact from a tornado. With that in mind the Insurance Institute for Business Safety (IBHS) has issued a Manufactured Home Inspection …
Insurance Group Publishes Manufactured Housing Tornado Checklist Read More
MHI News Action Needed — Urge Representatives to Co-Sponsor the Preserving Access to Manufactured Housing Finance Act (H.R. 3849) This morning an MHI Action Alert was emailed to members urging each one to contact their U.S. Representatives and urge them to co-sponsor H.R. 3849 (Preserving Access to Manufactured Housing Act). …
A legal debate is brewing in a Mississippi court regarding the distinction between a modular home and a manufactured home as it pertains to a restrictive covenant in a subdivision. In a case going back to 2006, developers Hudson Holliday and Darrin Harris filed a complaint to have home owners …
In a letter published in today’s USA Today, Manufactured Housing Institute (MHI) president and CEO Richard Jennison responded to a March 11 article in the paper that only people in manufactured housing are at risk during a tornado. Noting that 175 mph winds can ravage any housing, he quotes from …
A new report indicates that may be just what is happening. According to an upcoming report by Zillow published at CNBC.com, rents were up three percent in January while home prices were down 4.6 percent annually. In normal times when rents rise, people turn to home buying, but that doesn’t …
If it seems like the damage caused by tornadoes recently is greater than usual, you may be right. In fact disaster modeler Eqecat puts the number this year to date at more than twice a seven-year average. In light of that, insurers may be reconsidering coverage in storm prone states, …
A site plan has been approved by the Waverly Village planning board in northeastern Pennsylvania for six two-family modular apartments, TheDailyReview tells MHProNews.com. When board members raised concerns about fireproofing, developer Tim Steed said the apartments exceed state fireproofing codes and HUD standards. The village mobile home statute, which village …
