Earth Techling reports that one of the entries in the U.S. Department of Energy’s Solar Decathlon 2011 is an E-Cube from Ghent University in Belgium. It is designed for people with limited construction experience who want highly efficient, modular homes that they can assemble themselves. Low on gadgetry, and made …
Modular E-Cube One of 30 Entries in Solar Decathalon Read More
In an op-ed piece in the Minot Daily News in Minot, North Dakota, Lance Kennedy, president of the North Dakota Manufactured Housing Association, says eight manufactured home communities, representing 800 homesites, were wiped out by the flooding of the Souris River earlier this spring. He says the government removed trash …
The Dow Jones Industrial Average fell -108.08 (-0.94) to close at 11,401.01 amid lingering fears of the debt crisis gripping Europe. Yahoo!’s Manufactured Housing Composite dropped -1.54 percent to end the day at 781.40 as housing stocks also took a beating. Affiliated Manager’s Group 85.56 -2.16 (-2.46%). Clayton Homes, Vanderbilt …
Dow Drops on Continuing Possibility of Greek Default Read More
Zacks reports Sun Communities,’ Inc. (NYSE:SUI) stock has risen eight percent in a one month period, jumping from $36.97 to $39.92 today. SmarTrend, which analyzes over 5,000 stocks daily, predicted an uptrend for the MHC owner Aug. 16. The 52-week spread has been from $29.21 to $40.21. The current price …
The National Association of Home Builders (NAHB) says its monthly survey of builders’ confidence in the new home market showed a decline of one point from August’s rating of 15. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) has not gone above 16 nor dropped below 13 …
The Journal of Commerce in Cranbrook, British Columbia, Canada reports the largest modular housing project for seniors in B.C. officially opened as the result of the Senior’s Rental Housing (SRH) program. The 36-unit Baker Gardens will also provide housing for persons with disabilities, and will be managed by Kootenays, a …
Canadian City Launches Modular Housing for Seniors Read More
The Rapid City Journal reports from South Dakota that while a veteran developer’s plan to replace aging factory-built homes with new manufactured homes is a noble idea, the project falls short of meeting city codes. Bob Akers bought Deluxe Mobile Home Park and other MHCs from a bank after the …
Developer Eager to Replace Old Mobile Homes with New Manufactured Homes Read More
CNNMoney reports that the Dow spiked 140.88 points (+1.27%) as European leaders insisted Greece would attain its fiscal goals. The Manufactured Housing Composite gained 3.47 % to close at 829.7. Affiliated Managers Group 84.71 +1.97 (+2.38). Clayton Homes, Vanderbilt Mortgage and Finance and other MH homebuilding, lending and suppliers parent …
The Vermilion Standard reports the Vermilion Town Council in east-central Alberta, Canada, has voted to retain the 14 residential lots along 44 Avenue for manufactured housing, instead of changing it to R2 single family residential. The proposal to change the zoning came after several years lack of interest in developing …
Origination News reports the Consumer Financial Protection Bureau (CFPB) is continuing to test the new mortgage disclosure forms, this time with actual consumers in Springfield, MA. The agency wants to make certain that consumers understand the differences between two distinct but competing adjustable rate mortgages (ARMs): One that adjusts every …
The Staten Island Advance reports the multi-story modular apartment building being assembled in Tompkinsville, New York, is attracting quite a bit of attention. Funded with a mix of government subsidies and private investment, the project will be managed by the Community Agency for Senior Citizens (CASC). A collaboration of the …
The Lebanon Daily News in Lebanon, PA reports the residents of Northcrest Acres manufactured home community have won their lawsuit against community owner Palmyra Homes, Inc., which sought to force them to change the heating system in their homes as part of a new lease agreement. Most of the 200 …
WNDU-TV reports from Elkhart County, Indiana, that Hi-Tech Housing, Inc. will double its employee roster to meet the Federal Emergency Management Agency’s (FEMA) demand for 500 additional emergency housing units for North Dakota residents routed by the flooding of the Souris River this past spring. Based in Bristol, IN, this …
Northern Indiana factory builder gets temporary shot in the arm Read More
The Dow nudged up one-quarter of a percent (+29.82 points) for the trading day, closing at 11,894.44, as cautious investors turned to gold and bond stocks. The Yahoo! Manufactured Housing Composite index also rose, moving up 3.14% to finish at 1051.30. Several housing stocks regained lost ground for the day. …
Dow Ends Eight Day Slide as Many Housing Stocks also Gain Read More
PRNewswire states that global tax services provider Ryan reports Wisconsin’s Governor Scott Walker signed the Assembly 40 budget bill that will change certain tax laws. Included is a provision that specifically exempts manufactured and modular housing from sales tax when it is sold in Wisconsin but used beyond state borders. …
New State Law Exempts HUD and Mod Homes from Sales Tax Read More
The New Haven Independent in Connecticut asserts that Garden Homes Management Corporation has plans to develop two manufactured home communities in Oxford. The filing with the Planning and Zoning Commission for the first proposal, called Oxford Commons, would have 99 multi-section manufactured homes on 32 acres. The second project, Donovan …
Slowdown in manufacturing and concerns about the stymied debt ceiling talks sends the Dow down 1.59 percent to close at 12,302.55. Housing stocks closed mixed, although several took a fall as well. Berkshire Hathaway (parent of Clayton Homes) lost 1.09 percent, Cavco nudged up .49 percent, Deer Valley closed flat. …
Bloomberg News reports that Bank of America (B of A), the nation’s largest mortgage servicer, has a solution for disposing of the worst abandoned and foreclosed homes. B of A will work with a local agency in Cleveland to demolish 100 homes. Gus Frangos, president of the Cleveland-based Cuyahoga County …
Proven Method of Ridding the Market of Unwanted Foreclosed Homes: Bulldoze Read More
Zacks Investment Research reports SmarTrend issued an uptrend for Sun Communities, Inc., (NYSE:SUI) June 20, 2011, and since then the stock has risen 3.3 percent. For the second quarter 2011, analysts expect a loss of .12 cents per share on sales of $53 million to be announced July 28, 2011. …
The Dow dropped 88.36 points as investors watched the debt ceiling debate rage on to close at 12,592.80. The Manufactured Housing Composite dropped 1.99 percent to 1032.50, as several housing stocks closed down. Palm Harbor Homes gained 38.46 percent. Drew Industries fell 3.26 percent, UMH dropped 2.86 percent, Skyline Corporation …
Dow Closes Down Slightly, as Several Housing Stocks Follow Read More
