Manufactured and Modular Housing News

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.

For Profit and Non-profit Collaborate To Alleviate Storm Damage

By / / Business, Company News, Manufactured and Modular Housing News

Global financial services firm Morgan Stanley and non-profit National Equity Fund, Inc. (NEF) have added $75 million to their joint Rebuilding Local Economies Fund to help provide replacement housing for victims of Hurricane Sandy, according to BusinessWire. Designed to jump-start economic activity with developmental assistance, the fund finances affordable housing […]

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New Modular Rises in Great Britain

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

ConstructionDigital reports from the United Kingdom after many months of collaborative research, Larkfleet has developed low-cost, lightweight, energy efficient modular housing. The Startlink Lightweight Building Systems (SLBS) homes weigh less than half of what a comparable site-built home would weigh. Evaporative cooling in the summer flows from the water retentive

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Affordable Housing in Northern Canada

By / / Canada, Factory-Built Homes, Manufactured and Modular Housing News, Modular

CFTK-TV reports from northernwestern British Columbia (BC), Canada the residents of Telkwa, BC have just dedicated an eight unit modular housing project for seniors and persons with disabilities. Managed and operated by the Telkwa Senior Housing Society, the homes are outfitted with special needs features and fixtures. The $1.3 million

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Will Sandy’s Destruction Spur Re-construction on the East Coast?

By / / Economy, home buyers, Manufactured and Modular Housing News, Trends

Housing industry analysts are skeptical about whether the construction that will result from Hurricane Sandy will offset the property damage that occurred. NationalMortgageNews reports Ken Simonson, president of the National Association for Business Economics and chief economist at the Associated General Contractors of America, does not regard it with much

Will Sandy’s Destruction Spur Re-construction on the East Coast? Read More

Personnel Changes Inside the Beltway

By / / Finance, Manufactured and Modular Housing News, People, regulation

HousingWire reports Raj Date, deputy director at the Consumer Financial Protection Bureau (CFPB) will be leaving his post next year. As industry expert and consumer advocate, Date was the acting director from the inception of the agency in July 2011 until Richard Cordray took over the position. Mortgage Bankers Association

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Cavco Subsidiary Gets Good Rap

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

4-Traders reports long-time insurance rating firm A.M. Best has conferred upon Standard Casualty Company a financial strength rating of A- (excellent), reflecting the company’s sufficient risk-adjusted capitalization, positive operating results, and excellent market smarts. A subsidiary of manufactured home producer Cavco Industries, Inc. (CVCO), Standard has historically adhered to strict

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Skyline Falls as do Most Stocks we Track

By / / Business, Manufactured and Modular Housing News, Stocks

Continuing concerns about whether lawmakers will do what it takes to avoid the fiscal cliff overshadowed trading today as all three indexes closed down less than one percent. CNNMoney reports the Dow Jones Industrial Average nudged down -0.46 percent, -58.9 points, closing at 12,756.18. The Nasdaq lost -0.70 percent, -20.37

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Killam Marches on Ottawa

By / / Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

CEO Philip Fraser of Killam Properties, who called Ottawa, Canada, the nation’s capital, “one of the strongest cities for long-term investment in Ontario,” says his company is on the prowl for more acquisitions there, reports the OttawaBusinessJaournl. Based in Halifax, Nova Scotia, Killam purchased a 25 percent share in a

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Rhode Island to receive Federal Assistance

By / / Legal, Manufactured and Modular Housing News, regulation

President Obama signed a disaster declaration—HUD No. 12-169–for the state of Rhode Island in the wake of Hurricane Sandy’s swath of damage. Fannie Mae and Freddie Mac are offering forbearance on loans to borrowers affected by Hurricane Sandy, and Freddie says its servicers can suspend eviction and foreclosure proceedings for

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Water Restored to MHCs

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, mobile home

The BarrowCountyNews from Winder, Georgia reports two MHCs finally have their water back on after the owner, Affordable Housing Communities (AHC), paid thousands in back utility bills. Residents of Russell Village and Winder Village Mobile Home Parks had running water off and on Thursday and Friday of last week, but

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Most Tracked Housing Stocks Close Down

By / / Business, Manufactured and Modular Housing News, Stocks

Stocks were stymied today by investors’ fears about the impending fiscal cliff as well as the debt crisis in Europe and Greece, as the three major indexes moved no more than 0.02 percent. CNNMoney reports the Dow Jones Industrial Average moved nowhere, closing at 12,815.16. The Nasdaq lost -0.02 percent,

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Lippert Rebrands Division and Consolidates Manufacturing

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

RVBusinss says Lippert Components, Inc., a subsidiary of Drew Industries, Inc., has announced plans to re-brand its seating and furniture operations into Lippert Interior Solutions, and consolidate its seating manufacturing operations into one 160,000 manufacturing plant instead of the current two 70,000 square foot facilities. Says LCI Director of Product

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Has Homebuilding Hit a Bump?

By / / Business, Company News, Economy, Manufactured and Modular Housing News, Trends

CNNMoney reports homebuilder D. R. Horton (DHI) missed revenue estimates in the third quarter 2012, but notched a profit that beat estimates. Meanwhile, Beazer Homes (BZH) exceeded its revenue expectations but its quarterly loss was more than anticipated, as it’s stock dropped nearly 14 percent. Horton’s shares fell 3.5 percent.

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Two-story Container Home

By / / Business, Company News, Factory-Built Homes, Green, Manufactured and Modular Housing News, Modular

JetsonGreen tells MHProNews M. Gerwind Architects, trying to close in on a net-zero energy home, has developed a narrow 145 foot long container dwelling with a cantilevered master bedroom. This 2,800 square foot modular unit has 140 feet of solar panels and is being sited in Boulder, Colo. Although they

Two-story Container Home Read More

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