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.
MSNBC tells us Seth Jason at The Motley Fool says he judges company performance by comparing inventory increases to revenue increases: if inventory expands faster than sales, it could indicate a problem, one which he suggests may be happening at Cavco Industries. Trailing 12-month revenue rose 157.9% while inventory increased […]
Cavco’s Revenues Spiked Grandly, but…….. Read More
The WausauDailyHerald reports from Wisconsin complaints from MHC residents may be handled by a state agency or by a local or county body depending upon the number of people who have complained and the severity of the complaint. The Dept. of Safety and Professional Services handles some complaints, and sometimes
Responsibility for MHC Resident Complaints Varies Read More
MarketWatch reports the U.S. Census Bureau says American homeownership fell from 66% to 65% in Q1 2012, the lowest point in 15 years, especially noteworthy because historically spring marks the home buying season. At its peak in 2004 it was 69%. Dan McCue of Harvard University’s Joint Center for Housing
Although U.S. stocks began the day rising and diving, the day ended with all three indexes managing a meager gain as investors continued to worry about the EU summit. CNNMoney tells us the Dow Jones Industrial Average gained +32.01 points, +0.26%, to close at 12,534.267. The Nasdaq rose +0.63 percent
U.S. Stocks Nudge Up; Housing Stocks Mixed Read More
Fosters reports from Rochester, New Hampshire a long-time resident of Acorn Terrace Cooperative has been honored with the ROC-NH “Above and Beyond” award. Although Richard “Dickie” Williams is president of the cooperative, he is best known for his many acts of kindness as a handyman and all around helping hand
Co-op Handyman Honored by ROC-NH Read More
BusinessWire reports RW Middle East has begun work on a $98 million contract to build a modular residential development in Simawah, Iraq. The Iraqi Ministry of Housing chose Sama Al Douh Contracting and Real Estate Investments as the developer, and RW will design and build the precast modular units based
On Site Modular Construction Read More
Virtual-Strategy reports as an alternative to assisted living for an aging relative, Connecticut-based PALS Built offers handicap accessible modular additions attached to the primary home at a cost lower than that of assisted living. The modular units are manufactured by Practical Assisted Living Solutions, LLC. The newly appointed president and
New Addition for Modular Read More
MyWestTexas reports within a few days of announcing an upscale 185-site MHC to be built in Midland, Texas, the developers received 380 inquiries from interested individuals. Project partners LubbockInvest and Great House Solutions of Odessa, TX, expect to keep the rates between $1200-1500 a month, which will include the site
MHC Planned in Housing Tight Texas Read More
MarketWatch tells MHProNews MH component supplier Patrick Industries, Inc. (PATK) announces it has been added to the U.S. broad-market Russell 3000® Index and small cap Russell 2000® Index, “…honored to to have joined the prestigious group of companies that comprise the Russell 3000® Index,” says Patrick’s CEO Todd Cleveland. The
CoshoctonTribune reports from Coshocton, Ohio, according to a revised state code, a $5 fee is now required to move any manufactured home on a public road within the state, and a Relocation Notice must be attached to the back of the home during the move. The permit can be obtained
Fee Required to Move MH Read More
Loansafe tells us The Daily Star in Oneonta, New York reports Otsego County and Otsego Rural Housing Assistance are putting together a Community Development Block Grant application to rehabilitate manufactured homes. Applicants must meet income eligibility requirements to qualify for the program in this county west of Albany. The amount
Investors see the financial crisis deepening in Europe on the brink of the EU Summit later this week. Fearing the two-day meeting will yield little, investors pulled back as all three indexes fell over one percent. CNNMoney tells us the Dow Jones Industrial Average lost -138.12 points, -1.09 percent, to
Skyline Lifts, Dow Falls, Housing Composite Even Read More
Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), says the Architectural and Transportation Barriers Compliance Board (Access Board) is proposing to amend the Americans with Disabilities Act (ADA) and the Architectural Barriers Act (ABA) to ensure that temporary housing, following a catastrophe, whether provided by
Making FEMA Homes Suitable for ADA Read More
The VCStar tells us from Ventura County, California a rent increase at an MHC has triggered a lawsuit by residents challenging the Thousand Oaks City Council’s decision of last year to remove the age and income restriction agreement for determining site rents and instead place that authority under the auspices
MHC Residents Sue over Change in Rent Control Read More
While some analysts predict the housing market will not turn around until later next year, Seeking Alpha‘s Mike Kapsch lists several reasons it may return yet this year: More building permits were applied for in May than in the past 3 1/2 years, and the U.S. Department of Commerce upwardly
Housing Market Rebounding this Year? Read More
AnchorageDailyNews reports from Waco, Texas Warren Buffett’s Berkshire Hathaway has been out shopping again, this time buying two Texas newspapers—the Bryan College Station Eagle, announced earlier this month, and now the Waco Tribune-Herald. With 124 employees and a Sunday circulation of 39,000, the Herald-Tribune fits Buffett’s expressed interest in buying
Berkshire’s Buffett: Another Buying Binge? Read More
The Washington Post reports the number of adults sharing households spiked 11.4 percent from 2007 to 2010, representing an increase from 17 percent to 18.7 percent of all U.S. households, reversing the empty- nester trend. According to the Census Bureau, during that period the number of young adults living in
Household Formation Decline Lowers Demand for Household Goods Read More
Despite Moody’s having downgraded 15 global banks—five of them major U.S. banks– after the close of the stock market yesterday, stocks rebounded as all three indexes registered gains. CNNMoney tells us the Dow Jones Industrial Average gained +67.21 points, +0.53%, to close at 12,640.78. The Nasdaq rose +33.33 percent to
Dow Recovers from Downgrades; UMH Spikes Read More
The Ohio Manufactured Homes Association (OMHA) tells MHProNews one time OMHA director Dan Rolfes suggested over ten years ago that all aspects of MH industry rules and regulations should be under one roof. On May 23, 2012, the Ohio General Assembly voted to establish – and the governor signed into
Ohio and OMHA Collaborate on New Commission Read More
UkiahDailyJournal reports the Mendocino County Board of Supervisors in north central California unanimously voted down a rent control ordinance that would affect all 60 MHCs in the county. While proponents said it would protect seniors on fixed incomes, opponents said it stifles free enterprise while also noting a study by
County Slams Door on Rent Control Read More
