Manufactured and Modular Housing News Archives

Jan 20 2012

All Three Stock Indexes Gain 2% for Week; Mfg. Housing Composite Breaks 800 Mark

By Matthew Silver / January 20, 2012 / Business, Manufactured and Modular Housing News, Stocks

Despite ongoing talks about resolving the Greek debt, CNNMoney reports the Dow Jones Industrial Average rose 96.5 points, +0.76 percent, to close at 12,720.48. The NASDAQ fell -0.06%, while the S&P gained +0.07 percent. The Yahoo! Finance Manufactured Housing Composite gained +2.89 percent to close at 806.3. Tracked housing stocks […]

All Three Stock Indexes Gain 2% for Week; Mfg. Housing Composite Breaks 800 Mark Read More

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Jan 20 2012

Park Girl, Facing Fraud Allegations, Files Bankruptcy

By Matthew Silver / January 20, 2012 / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, People

Following up on a story we published Dec. 2, 2011 concerning state felony theft charges against Jo Leigh Ares for allegedly receiving deposits on manufactured homes that were not delivered, MHProNews has learned her Park Girl Sales LLC has filed for bankruptcy. The petition, filed in the U.S. Bankruptcy Court

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Jan 20 2012

Southern IL City Likely to Limit MH to Communities

By Matthew Silver / January 20, 2012 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People, regulation, Zoning

MhproNews has learned from the Register-News in Mt. Vernon, Illinois, the Mt Vernon City Council is set to approve a ban on mobile homes outside MHCs. Pre-existing manufactured homes outside designated areas would be grandfathered in, as long as they are not moved, according to city manager Ron Neibert. Zoning

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Jan 19 2012

Dow Advances, MH Composite Declines

By Eric Miller / January 19, 2012 / Stocks

Stocks rose Thursday as claims for jobless benefits last week dropped to the lowest level in almost four years. That’s one rung on the economic recovery ladder, but adding to the chorus of need for improvement in the housing market, former Alcoa CEO and Treasury Secretary Paul O’Neill tells Bloomberg

Dow Advances, MH Composite Declines Read More

Jan 18 2012

Dow Gets a Boost, Most MH Stocks End Up

By Eric Miller / January 18, 2012 / Stocks

Positive news from the housing market helped move stocks ahead Wednesday with the Dow closing nearly 100 points higher. The latest National Association of Home Builder’s index revealed a confidence level for the single family housing market not seen since 2007. The index is still half of what signals a healthy market.

Dow Gets a Boost, Most MH Stocks End Up Read More

Jan 18 2012

Saving Foreclosures from the Wrecking Ball

By Matthew Silver / January 18, 2012 / Business, Company News, Economy, home buyers, Manufactured and Modular Housing News, Trends

A private equity fund is betting $250 million on foreclosed homes. Menlo Park, California’s GI Partners is investing in WayPoint Real Estate Group, a company that buys foreclosed homes at discount prices and rents them. The Wall Street Journal tells MHProNews this investment is one of the largest by an

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Jan 18 2012

Wells Fargo Tops Mortgage Funding

By Matthew Silver / January 18, 2012 / Business, Company News, Economy, Finance, home buyers, Manufactured and Modular Housing News

NationalMortgageNews tells MHProNews in Q4 2011 the mortgage division of Wells Fargo & Co. wrote $120 billion of new home mortgages, triple the volume of JPMorgan Chase, its nearest competitor. In the third quarter it did almost double the volume of Chase. In the fourth quarter 2011 Wells’ mortgage banking

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Jan 17 2012

Detroit, Houston Home Sales Tell Different Stories

By Matthew Silver / January 17, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News

HousingWire tells MHProNews that according to local MLS Realcomp, sales of homes and condos in the metropolitan Detroit area increased 2.2 percent in the last six months of 2011. This figure coincides with a drop in on-market inventory of 22.5 percent, Dec. 2010 to Dec. 2011, to a total of

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Jan 17 2012

Dow Edges Up; Most Tracked Stocks Edge Down

By Matthew Silver / January 17, 2012 / Manufactured and Modular Housing News, Stocks

The stock market began the week with positive news from global markets. The Chinese economy grew at an annual rate of 8.9 percent the last quarter, a German sentiment index showed positive results, and manufacturing grew in the New York region. CNNMoney tells MHProNews the Dow Jones Industrial Average gained

Dow Edges Up; Most Tracked Stocks Edge Down Read More

Jan 17 2012

Jaime Dimon: Housing Market Closing in on Bottom

By Matthew Silver / January 17, 2012 / Business, Company News, Economy, Finance, home buyers, Manufactured and Modular Housing News, People

MHProNews has learned from OriginationNews JPMorgan Chase chairman and CEO Jaime Dimon says the “turn” in the housing market is at least getting closer as the economy slowly improves. Noting the decline in the shadow inventory, he says it’s cheaper to buy than it is to rent in some markets.

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Jan 17 2012

Homesteading Lives!!

By Matthew Silver / January 17, 2012 / Business, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, People

Omaha tells MHProNews modern-day homesteaders can get free land in Iowa and Nebraska providing they build a home on the land within five years. The lots are typically only available in smaller towns where not many employment opportunities exist. In addition, house construction costs are not cheap and credit continues

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Jan 17 2012

Clayton’s Cleaning the Air, Too!

By Matthew Silver / January 17, 2012 / Business, Company News, Factory-Built Homes, Green, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned from WBIRTV in Knoxville, Tennessee of a collaborative effort between the Tennessee Valley Authority (TVA)and Clayton Homes of Maryville, TN. Clayton’s total i-House production in the TVA region will have upgraded windows, thicker insulation, heat pumps, power saving lighting, and Energy Star appliances. TVA will offer a

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Jan 17 2012

Modulars Arrive for Habitat for Humanity

By Matthew Silver / January 17, 2012 / Advocacy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

GreenValleyNews tells MHProNews 15 new modular homes courtesy of Habitat for Humanity have begun arriving in the greater Tuscon, Arizona, area, many still looking for owners. Applicants must be first-time buyers, and are chosen based on ability to pay, need, and willingness to invest 200 hours of sweat equity in

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Jan 16 2012

MHI Sluggers Come to Louisville, Part II

By Matthew Silver / January 16, 2012 / Advocacy, Economy, Factory-Built Homes, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

In his address to a packed room at the Louisville Manufactured Housing Show Jan. 12, Jason Boehlert, Vice President for Government Affairs at MHI, said manufactured housing is a good fit considering the current economic conditions, because “it’s nice to have the home of your dreams, but it’s better to

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Jan 16 2012

MH Community Proposed Again

By Matthew Silver / January 16, 2012 / Business, Communities, Company News, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home, regulation

MHProNews has learned from the Orlando Sentinel that a developer who was denied the right to site 1,500 manufactured homes in Volusia County on Florida’s east coast on a 1,033 acre tract in 2002 is trying again. Plantation Oaks of Ormond Beach LLC would border a very scenic route of

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Jan 16 2012

U.S. Stock Markets Closed Today

By Matthew Silver / January 16, 2012 / Business, Manufactured and Modular Housing News, Stocks

The U. S. stock markets are closed today, Jan. 16, in observance of Martin Luther King, Jr. Day. The markets will open again tomorrow at 9 AM for regular trading hours. (Photo credit: NYSE/Wikipedia)

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Jan 16 2012

MHI Sluggers come to Louisville, Part I

By Matthew Silver / January 16, 2012 / Advocacy, Business, Factory-Built Homes, Louisville Show, Manufactured and Modular Housing News, People, regulation, Trade Shows

In speaking to a packed room at the Louisville Manufactured Housing Show Jan. 12, Joe Stegmayer, CEO of Cavco/Fleetwood and MHI Chairman told attendees about the ongoing efforts of MHI to advance the Industry’s agenda in Washington. Stegmayer spoke of the critical nature of involvement by state associations, because “all

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Jan 16 2012

Modular Plant Moving East to West

By Matthew Silver / January 16, 2012 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, People, Trends

MHProNews.com has learned from MassLive the Blu Homes factory in East Longmeadow, Massachusetts, which opened in 2010, has closed and production facilities have relocated to Vallejo, California. While the sales office and design studio will remain in Waltham, MA, spokeswoman Dana Smith says, “It’s not about what went wrong in

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Jan 16 2012

Passages…Bruce E. McDonald

By Matthew Silver / January 16, 2012 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, mobile home, Modular, People

Longtime industry member, and president and founder of McDonald Modular Solutions (MMS), Inc., Bruce E. McDonald, 72, passed away in Birmingham, Michigan, Jan 10, 2012. He entered the family business in 1962, and by 1968 was converting used mobile homes into offices. He was credited with pioneering modular buildings for

Passages…Bruce E. McDonald Read More

Jan 15 2012

MHI’s Jason Boehlert at Louisville

By Matthew Silver / January 15, 2012 / Advocacy, Economy, Legal, Legislation, Louisville Show, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

At the Louisville Manufactured Housing Show, Jason Boehlert, Vice President of Government Affairs for MHI, responding to a question from MHProNews.com about the possibility of altering the provisions of Dodd-Frank that negatively impact the MH industry, said, “Where a lot of these measures fail in reforming Dodd-Frank is when they

MHI’s Jason Boehlert at Louisville Read More

All Three Stock Indexes Gain 2% for Week; Mfg. Housing Composite Breaks 800 Mark

Park Girl, Facing Fraud Allegations, Files Bankruptcy

Southern IL City Likely to Limit MH to Communities

Dow Advances, MH Composite Declines

Dow Gets a Boost, Most MH Stocks End Up

Saving Foreclosures from the Wrecking Ball

Wells Fargo Tops Mortgage Funding

Detroit, Houston Home Sales Tell Different Stories

Dow Edges Up; Most Tracked Stocks Edge Down

Jaime Dimon: Housing Market Closing in on Bottom

Homesteading Lives!!

Clayton’s Cleaning the Air, Too!

Modulars Arrive for Habitat for Humanity

MHI Sluggers Come to Louisville, Part II

MH Community Proposed Again

U.S. Stock Markets Closed Today

MHI Sluggers come to Louisville, Part I

Modular Plant Moving East to West

Passages…Bruce E. McDonald

MHI’s Jason Boehlert at Louisville

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