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.
Sources reported to MHProNews.com that the House Financial Services Committee approved legislation (H.R. 1751) some weeks back sponsored by committee chairman Spencer Bachus (R-AL) that would require all new manufactured homes be equipped with NOAA weather radios (legislation and committee report are available below as downlaods). The measure is expected …
CNNMoney reports European debt crisis, dips in U.S. home prices and other concerns helped nervous investors to sink the Dow, while gold shot through the $1800 mark. Treasury yields are near record lows. In a recent interview, columnist Pat Buchanan commented that the dollar has sank 30% year to date …
Stocks heave and Dive, Bears Alive: MH mostly lower Read More
RealEstateRama reports the Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development (HUD), has announced a Request For Information (RFI). The RFI seeks input on new options for selling single-family real estate owned (REO) properties held by Fannie …
FHFA, HUD and Treasury calls for RFI input on disposition of REOs Read More
KFGO reports that the number of homes that FEMA now has targeted for Minot and Burlington ND has reached 1650. Flooding of the Souris River this summer drove hundreds from their homes in this area. 600 of the FEMA homes, which are built to the HUD Code and are thus …
FEMA MH orders rise to 1650 to serve area flooding victims Read More
Watch the latest video at video.foxnews.comFoxNews reports the following quotes on Dodd-Frank in this recent interview by Greta van Susteren with Zachary Goldfarb with the Washington Post. SEN. RON JOHNSON, R-WIS.: The thing that would really get our economy going again is if we would repeal the entire Obama agenda …
Senators say Repealing Dodd-Frank would boost economy Read More
RealDeal reports on a recent study by the Urban Land Institute (ULI) which looks at the market impact of the nation’s eighty million echo boomers. Echo boomers, are age 18-32 and are also known as Gen Y and millennials. This group has 200 billion in annual buying power. Carol Ruiz, …
PressEnteprise reports that Calimsa’s CA City Council will review the rent control ordinance on August 15th. A full house is expected as residents and community owners plan to attend the hearing. City Manager Randy Anstine stated they will make no decisions but will take input on the topic. A sunset …
Rent Control in manufactured home communities on the agenda Read More
CNNMoney reports stocks closed higher today, but turbulence remained. Stocks dropped initially after the Federal Reserve said economic conditions warrant exceptionally low interest rates until 2013 and risks to the economy have increased. Overall, stocks have declined some 15% in the last two weeks of trading, the worst performance since …
Stocks roller coaster but end up: most MH also rise Read More
WSPA reports that Henderson County deputies removed some 60 snakes and lizards, some of which were considered poisonous, from a western North Carolina ‘mobile home.’ Henderson County Sheriff Rick Davis said they learned about the problem when the reptiles owner was bitten by a venomous snake. Most of the snakes …
Today’s lighter side: 60 snakes removed from ‘mobile home’ Read More
JoplinGlobe reports that the first residents are moving into the Federal Emergency Management Agency (FEMA) new Officer Jeff Taylor Memorial Park. Amber Flowers and her three daughters are among the first to make the move into the emergency housing FEMA has provided. “They’ve done a really nice thing here,” Flowers …
Residents moving to FEMA’s new manufactured home community Read More
Zacks reports that UMH Properties and Equity Lifestyle Properties are among the five REITs with relatively low P/E ratios. UMH Properties (AMEX:UMH) has the lowest with a P/E of 17.4x. Equity Lifestyle Properties (NYSE:ELS) is second lowest with a P/E of 37.0x; American Campus Communities (NYSE:ACC) comes in third lowest …
Market Watch: UMH and Equity Lifestyle reported among REITs with low P/E ratios Read More
Zacks reported today on five home building companies with the lowest Price to Earnings (P/E) ratios. Standard Pacific (NYSE:SPF) has the lowest with a P/E of 16.1x. Lennar (NYSE:LEN) is second with a P/E of 20.8x. NVR Inc (NYSE:NVR) followed with a P/E of 22.0x. Cavco Industries (NASDAQ:CVCO) came in …
Zacks reports Cavco among 5 homebuilders with lowest P/E ratio Read More
BuffaloNews reports that the new owners of the Niagara Factory Outlet Mall are interested in purchasing the Sabre Park ‘mobile home park.’ The Sabre Park community is in foreclosure, with a mortgage of approximately $6 million. Jason Daack, regional manager for Mobile Home Parks, has no ownership interest in the …
Mall owners may buy nearby Manufactured Home Community in receivership Read More
CNNMoney reports that factors such as the downgrade of the U.S. credit rating has driven stock markets down by over 4% today. The downward trend is approaching two weeks, as global markets have also been moving lower. The Manufactured Housing Composite index also ended up down a dramatic -8.57 percent, …
In a release to MHMSM.com, Jim Ayote has sent out a reminder that the “State Association Executive of the Year” award’s nomination deadline of August 12, 2011 is approaching. The purpose of the award is to recognize the outstanding accomplishments of an association executive in the areas of positive image …
Deadline Approaches to nominate MH State Association Execs Read More
OttawaCitizen suggests that criminal organizations are coming to the U.S. attracted in part by lower cost housing. A Royal Canadian Mounted Police (RCMP) report indicates that Vietnamese organized crime (VOC) groups have moved from Canada south of the border. According to the RCMP, the twin motivations for these criminal groups …
Canadian pot growers find soft US housing prices attractive Read More
Benzinga reports that in these difficult times, manufactured housing is among the top-performing-industries in August. As of 10:15 AM EDT, the Manufactured Housing Composite Index was up by 2.24%. This rise was lead by Cavco Industries, up by 7.1%. Cavco will be reporting its FQ1 earnings after the closing bell …
Manufactured housing among top performing in markets for August Read More
MinotDailyNews reports that K.C. and Cayttie Heister of Kopper Creek Building opened a facility near the North Central Research Extension Center. Kopper Creek is a factory systems builder, with locations in Montrose, CO and Nebraska. “We build anything from residential housing up to hotels, motels, restaurants,” Cayttie said. “Any type …
Expanding Systems Builder had Tom Cruise as client? Yup. Read More
KOB reports an elderly woman with over 50 cats in her ‘mobile home’ seemed to be disoriented. The home is said to have feces up to 3 feet high in places. Complaints of a stench brought investigators to the scene. City of Albuquerque spokesperson Chris Ramirez stated: “Cats were multiplying, …
Sad but True, how media reporting impacts our Industry’s image Read More
A volatile market ended the day with the Dow up 60.85 points, or 0.53%, to 11444.53. Jobs reports, an EU/Italian debt deal and other factors kept investors fears elevated. The Yahoo! Finance Manufactured Housing Composite index closed down, -2.81% to 1019.3. Berkshire Hathaway – parent of Clayton, VMF and other …
Roller Coaster Markets end up, but concerns continue Read More
