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.
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 Valley Independent Sentinel in Ansonia, Connecticut, reports an application for development of two manufactured home communities in Oxford has been withdrawn by builder Garden Homes Management Corporation. The Planning and Zoning Commission (PZC) received a letter from Garden Homes president Richard K. Freedman in which he said, “You may …
MHC Developer Persists, Will Submit Plans a Third Time Read More
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 the Dow continued its climb today, closing the week only -.059% below a YTD break even. The Dow Jones Industrial Average closed at 11,509, +75.91 ( +0.66%). The Yahoo! Finance Manufactured Housing Composite Value declined slightly to 793.7, off -0.34%. Affiliated Managers Group 87.70 +0.19 (+0.22%) . Clayton Homes, Vanderbilt …
Dow nearing YTD break-even, in day 5 of the uptick, MH mixed Read More
Ron Thomas, Sr., Chairman of the Midwest Manufactured Housing Federation (MMHF), said: “I’m happy to tell you the Louisville Show is scheduled for January 11, 12, and 13. Everyone I talk to is very pleased the show is moving forward in 2012.” As if to underscore Thomas’ point, Wally Comer, …
CBCNews reports that flood evacuees from the Lake St. Martin First Nation in Manitoba band officials are in talks towards establishing a temporary village to call home. Around 700 Lake St. Martin residents have been living in Winnipeg hotels since May, when they were evacuated from their reserve due to …
First Nation flood victims looking to modular homes solution Read More
WNEP reports that Tropical Storm Lee caused flooding put a Pine Grove, PA factory home builder’s plant out of business. Flood waters ruined almost everything at Pine Grove Manufactured Homes in Schuylkill County. Long-time employees said managers have told them the flood forced the factory to close. “They told us …
Yahoo!Finance reports a new wave of foreclosure is expected, as the number of U.S. homes that received an initial default notice – the first step in the foreclosure process – jumped 33 percent in August from July, per RealtyTrac. “This is really the first time we’ve seen a significant increase …
Isurfwebster reports that Malcolm Coffman approached the Dixon City Commission to request a moratorium on the issuance of building permits while working to enact zoning laws to prevent “mobile homes” from being set up in neighborhoods with high-value traditional houses. Coffman owns a conventional house with a reported value of …
Emotions heat over plan to place ‘mobile home’ near traditional houses Read More
CNNMoney reports that most European markets rallied as hopes continue for a deal to save debt-plagued Greece. The Dow rose 11,433.18 +186.45 ( +1.66%)., with a year to date loss of -1.25%. The Yahoo! Finance Manufactured Housing Composite Value closed at 796.4, up +3.89%. Affiliated Managers Group 86.30 + 2.80 (+3.31%), but …
MIT reports on a project that has yielded basic new modular designed homes for under $6000. The goal was to design a home for $1000 for the poor, or to address emergency housing and other high demand housing needs. The idea to attempt building $1,000 homes was first conceived by …
BrightEnergy reports on a partnership between Vermont-manufactured AllSun Tracker solar electric system and ReVision Energy to bring a new technology to homeowners and businesses throughout northern New England. Designed and manufactured in Williston, VT, AllSun Trackers uses innovative GPS and wireless solar technology to follow the sun throughout the day. …
New solar energy system for homes can track the sun Read More
The House Committee on Financial Services issued a release that reports Congressman Spencer Bachus (AL-6) introduced legislation to prevent the removal or demolition of storm shelters built to protect school children after the devastating tornadoes in Alabama this past spring. Bachus authored the Community Shelter Protection Act of 2011 in …
Bachus introduces bill to prevent FEMA from demolishing storm shelters Read More
DCcitybizlist reports that modular home builder Nationwide Homes expects a net increase in the strength of the modular housing as the nation slowly climbs out of recession. Nationwide recently celebrated construction of its 35,000th home. The firm’s sales activity is picking up since last year, when Nationwide became the country’s …
Builder sees bright outlook for future of modular homes Read More
TahoeDailyTribuine reports that the Douglas County Sheriff’s Office and South Lake Tahoe Police Department will offer a free Crime Free Multi-Housing Program. The training program is geared to local multi-family (apartment) housing, manufactured home communities, vacation rental owners or managers, and property management companies. This innovative, law-enforcement-based crime prevention …
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 …
