MarketWatch says in an interview with Cathy Baron Tamarz, the CEO of his own company, Business Wire, Warren Buffett reiterates that those earning over $1 million should pay the same percentage in income taxes as middle-class Americans. Noting it is class warfare, he said, “My class has won. You’ve seen …
RealtorMag reports a survey of 1,000 adults by Move Inc. reveals 27 percent of respondents say they plan to buy a home in the next two or three years, but only two percent intend to buy within 12 months. 23 percent are delaying the purchase over concerns for the real …
NationalMortgageNews reports the Federal Housing Administration (FHA) unloaded 102,195 repossessed housing units in FY 2011, bringing in over $7 billion to the coffers of the Treasury. Tom Rose, director of real estate owned by FHA, says the government, which pays a six percent commission and sells only through Realtors, paid …
HousingWire reports that the heads of Fannie Mae and Freddie Mac will face questions from Congress regarding the bonuses they received last year. Fannie CEO Michael Williams and Freddie CEO Charles “Ed” Haldeman each earned a base salary of $900,000 but according to the Securities and Exchange Commission filings, received …
Bonuses for GSE Heads Topic of Congressional Hearings Read More
RiverheadNewsReview reports from Long Island, New York, that prices for manufactured housing in Riverhead have fallen 38 percent since 2008, even though more homes are being purchased. The median price fell from $36,000 in 2008 to $22,500 this past year. The 500- homesite Glenwood Village continues to offer new, upscale …
In a column by Bill Dunkleberg, Philly reports the Board of Governors of the Federal Reserve met with the Federal Reserve of Atlanta and the Kauffman Foundation to discuss employment. They determined while the gross domestic product (GDP) is the same as 2007, the reason unemployment is so high is …
Fed Led Conference Denotes Economic Problems, Recovery Uncertain Read More
Following up on a story we published Oct 21, 2011, about the oil boom and subsequent housing shortage in Williston, ND, ArgusLeader reports neighboring South Dakota is reaping benefits from the black gold rush driving the economy. Custom Touch Homes in Madison and Superior Homes in Watertown have contracts to …
CBSLocal reports from Van Nuys, California, the 89 year-old estranged father of actress Jodie Foster may be looking at cell bars instead of his daughter’s films. Lucius Fisher Foster III allegedly took $5,000 from 20 people in the San Fenando Valley and promised them a low cost modular home, stalling …
JournalSentinel reports from Milwaukee that a Lustron house, made of porcelain-covered steel panels, is not considered historic and may be torn down. The company made about 2,600 of these prefabricated homes from 1948 to 1950 for returning GIs following World War II before going bankrupt. Innovative for its use of …
CanadaWire reports Innovative Composites International,, Inc., of Toronto has inked a deal to supply Brazil S.A. with $160 million worth of EcoScape modular homes over the next three years. In the agreement with Brazilian contractor Millenium Brasil Limitada and consultant Green Intelligence Corporation, the large project homes will be shipped …
The National Association of Home Builders (NAHB) announces the appointment of John Courson to head the Home Builders Institute (HBI), the non-profit workforce development division of NAHB. His focus at HBI will be in job placement, mentoring, training, and developing new revenue streams. Says Donald Pratt, chairman of HBI’s Board …
GreenMuze reports a conceptual modular house featuring computer-controlled glass panels that control the amount of light entering the home is engineered for quick assembly, and is adaptable to harsh living conditions, including the desert. The California Roll House, created by designer Christopher Daniel, is engineered from fiber reinforced plastic and …
The Manufactured Housing Association for Regulatory Reform (MHARR) says the Manufactured Housing Consensus Committee (MHCC) report in support of a “conditional sprinkler system” for HUD Code homes destroys the opportunity to debunk the myth that manufactured housing poses a fire risk worse than traditional one and two-family homes. The National …
MHARR Decries Sprinklers; NFPA says MHI Statement Incorrect Read More
ConnecticutCollege reports its steel prefabricated house in New London, CT, manufactured by General Houses, Inc., of Chicago will be disassembled and shipped to Milner + Carr in Philadelphia, where each panel will be cleaned and restored. Built in 1933 for Winslow Ames, founding director of the New London Lyman Allyn …
Bradenton reports Champion Commercial Structures, a division of Champion Homes, will team with Russell Building Group to build 83 housing units for Flint, Michigan’s, Smith Village Neighborhood. Funded by a Housing and Urban Development (HUD) grant, the homes will replace thousands of dilapidated houses that were demolished, with low to …
VancouverSun reports the brothers Goodjohn were at the edge of disaster a couple of years ago with their high-end modular business, and now have ten office employees, 30 on the production line, and sales approaching $20 million. Businessman W. Brett Wilson helped Karoleena, Inc., develop a business plan and invested …
HousingWire reports housing prices fell 1.1 percent in Sept., marking the second straight month drop, according to the CoreLogic home price index. Single-family home prices fell 4.1 percent from Sept. 2010, and excluding distressed sales, dropped 1.1 percent from a year earlier. Core Logic Chief Economist Mark Fleming says prices …
Coloradoan reports that over the last 12 years in Fort Collins, Colorado, more than 340 families have been displaced from their MHCs by landowners seeking more lucrative commercial development. Now, another community is joining the ranks. The 32 families of Bender Mobile Home Park have been told by developer Gino …
CNBC reports following consolidation in the MH industry, surviving companies are targeting the energy efficient home-building market. “Manufactured homes offer quality housing at costs from 10 to 35 percent less than site-built construction. As people continue to see utility costs rise with inflation, they will appreciate the cost savings achievable …
TheTimesandDemocrat in South Carolina reports the law has finally caught up with Ifrom Colter for allegedly bilking numerous people out of thousands of dollars for manufactured homes that were never delivered. Arrested in Orangeburg County on five counts of breach of trust, authorities know of $65,000 he has alleged to …
