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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.

Global Polymeric Foams Market to Reach 18 Million Metric Tons by 2015

The global market for polymeric foams is projected to reach 18 million metric tons by the year 2015 according to Global Industry Analysts. Growth in the market is led by the unique benefits offered by cellular materials compared to conventional materials, introduction of new application markets, and growing interest in …

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Texas Homeowners at Odds Over Additions

CBSDFW.COM reports on manufactured home owners in Grapevine, Texas upset with the city over requests to bring additions up to code. Resident Phillip McNeal built an addition 20 years ago for his son and was asked recently by the city to see some paperwork for it. Several other residents of …

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A Report from the Great Green North

Unlike the manufactured housing industry in the United States, the market for manufactured homes in Canada remains rather prosperous by comparison. A Canadian Manufactured Housing Institute (CMHI) report for the 3rd quarter of 2010 shows some 3,608 factory-built single-family homes were started in the third quarter, representing a 17 percent …

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Drew Industries Conference Available Online

Drew Industries, a manufacturer of components for the recreational vehicle and manufactured housing industries, announced its January 11th Retail Investor Conferences.com presentation is available for on-demand viewing.  Fred Zinn, Drew’s President and CEO, and Joseph Giordano III, Drew’s CFO and Treasurer presented to retail investors through the virtual investor conference …

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Massachusetts Ends Shed Tax

The Massachusetts Manufactured Housing Association shares news that Governor Deval Patrick signed into law on November 17 a new law exempting sheds less than 120 square feet in a manufactured housing community from taxation. The bill was championed by a resident of Cranberry Village manufactured housing community. Carver may not …

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Colorado Town Logs Manufactured Home Permits

From Colorado, the Wet Mountain Tribune reports that the town of Silver Cliff saw an uptick in building and zoning permits issued in 2010. A total of 29 permits were issued in Silver Cliff last year as compared to 20 in 2009 and three of the 29 involved factory-built housing. …

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‘Correction’ is the Word of the Week

If there’s a word for the week on Wall Street, correction might be it. While by mid-afternoon it looked as if the Dow would actually close higher, by the bell it was down two points – essentially ending the day flat. Most manufactured housing and related stocks again ended the …

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MHARR Uses Executive Order to Press HUD on In-Plant Regulation

The Manufactured Housing Association for Regulatory Reform (MHARR) sent out a bulletin indicating an Executive Order regarding federal regulation issued by the White House on over-regulation marks a major policy and has implications for manufactured housing as a federally-regulated industry. “In fact,” the bulletin states, “it appears this Order almost …

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MHI Briefs Congress on Finance and Energy Issues

Manufactured Housing Institute (MHI) industry members participated in a high-level briefing on Capitol Hill today focused on high energy performance in manufactured and modular homes. Emanuel Levy, Systems Building Research Alliance, and Kevin Clayton, Clayton Homes, Inc., presented to a standing-room-only audience. The briefing addressed “manufactured” housing, built in a …

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2010 Had Record Low Housing Completions

Forex reports there were a record low number of housing completions in 2010, breaking the record set in 2009. The company says the total for single family, multi-family and manufactured homes (estimated) was 703 thousand units in 2010. That is about 17 percent below the 844 units completed in 2009 …

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Tame Inflation Figures Leave Mortgage Rates Mixed

Freddie Mac released the results of its Primary Mortgage Market Survey finding mixed results for both long- and short-term rates, with the 30-year rising slightly and the 15-year falling just as slightly. The 30-year fixed-rate mortgage (FRM) averaged 4.74 percent with an average 0.8 point for the week ending January …

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Stocks End Hump Day Down

Stocks closed modestly lower mid-week and manufactured housing and related stocks were also trading lower. Skyline Corporation and Universal Forest Products were off more than four percent. Cavco’s loss exceeded three percent. Barnes Group, All American Group and Drew Industries were each off more than two percent. The Manufactured Housing …

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Texas Releases Funding to Provide Mortgage Credits

The Texas Department of Housing and Community Affairs (TDHCA) has released $45 million in mortgage credit certificate authority through its Texas Mortgage Credit Program, a homebuyer program that makes homeownership more affordable by providing a dollar for dollar reduction of a borrower’s tax liability, not to exceed $2,000 annually. The …

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Factory-built Home Owner has Lowest Electric Bill in County

A factory-built home owner in Martinsville, Virginia was highlighted this week in the Martinsville Bulletin for something he didn’t have, a high electric bill. A photo provided with the article shows Danny Clifton holding up his most recent electric bill, which totals $36.46, from Appalachian Power Co. Clifton attributes his …

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Re-Opening PA Plant to build Classic Line

The Daily Item in Selinsgrove, Pennsylvania ran a story providing some insight into the purchase of a former Penn Lyon home plant by Maryland-based Haven Custom Homes. The article indicates the 40-year-old Haven Homes will make a new line called “Classic Homes by Haven” in the Penn Lyon plant. It …

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Mortgage Application Activity Rises

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending January 14, finding mortgage loan application volume increased five percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 6.4 percent compared with the previous week. MBA …

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Re/Max Says Homes Sales Rose in December

Housingwire cited statistics from Re/Max Wednesday that indicating home sales rose 13.2 percent in December after five consecutive months of declines. Compared to December, 2009 however, sales were five percent lower. From ground zero of the housing crisis, Re/Max found home sales in Phoenix were up more than twelve percent …

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Building Permits Jumped in December

The Commerce Department’s U.S. Census Bureau today released data on new residential construction in December, 2010. Permits for new homes jumped 16.7 percent in December compared with private-sector expectations of a 2.9 percent increase. The department says scheduled changes in building codes in January in California, New York and Pennsylvania …

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