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.
The Minot Daily News reports from Minot, North Dakota, that hundreds of manufactured homes were not able to be moved before the raging Souris River overflowed the levees. Wayne Aga, who moves these homes for a living, says he transported 14 in the two days before the flood, and could …
Bloomberg reports shipment of manufactured housing in April fell to a seasonally-adjusted annual rate of 46,000 from 47,000 from March, according to the Census Bureau. The average sales price fell from $59,300 to $56,800 in April. The seasonally-adjusted dealer inventory remained steady at 22,000, while placements dropped from 43,000 to …
The Dow gained 72.73 points to close at 12,261.42 as bank stocks pulled the overall market up. The Manufactured Housing Composite fell .61 percent to end the day at 1122.90. Housing stocks closed mixed. ELS gained .64 percent, Cavco was up .63 percent and Sun Communities climbed .35 percent. Nobility …
The Charlotte Observer reports from North Carolina that Universal Forest Products, Inc., will hire 49 workers upon opening a second facility in Salisbury, NC. With $80,000 in state grant money, this manufacturer of wood and wood-alternative products for the manufactured housing, retail and construction markets will invest $2.6 million over …
HousingWire reports the National Association of Realtors (NAR) says pending home sales rose above year-ago levels for the first time since April 2010, increasing 8.2 percent in May. April 2011 pending sales had decreased 11.6 percent over March, and were down 26.5 percent over April 2010. The NAR’s pending home …
Jason Boehlert at MHI has informed MHMSM.com that the complete final SAFE Act rule is about to be published. The rule will not officially be released in the Federal Register until tomorrow. Deborah Robertson of McGlinchey-Stafford is in the process of compiling a detailed analysis and interpretation of the final …
The Ironton Tribune in southern Ohio reports that a computer glitch caused owners of manufactured homes to receive a tax bill for the first half of the year for a second time instead of a bill for the final six months of 2011. The tax bills for manufactured homes are …
Computer Error Sends Incorrect Tax Bill to MH Owners Read More
The Statesman Journal reports from Salem, Oregon, that Palm Harbor Homes is supplying the Oregon State Fairgrounds with 25 small modular homes to comprise the Oregon Youth Village, replacing a series of dormitories that were structurally unsound. State law requires the State Fair to house 4H and Future Farmers of …
Palm Harbor Supplies State Fair with Modular Homes Read More
MHMSM.com has learned that Chicago-based private equity real estate investment firm Green Courte Partners LLC has named Keith Balowek Managing Director, Parking Acquisitions. With 30 years real estate experience in a number of private and public companies, Mr. Balowek was involved in the acquisition of more than $500 million parking …
The Dow rose 1.21 percent on news of home prices rising in April for the first time in nine months to close at 12,188.69, as some housing stocks gained nicely. The Manufactured Housing Composite rose 2.83 percent to close at 1129.70. Nobility Homes spiked up 9.83 percent, Cavco Industries gained …
Dow Responds to Positive Housing News, Housing Stocks Close Mixed Read More
A Capital Needs study by the U.S. Department of Housing and Urban Development (HUD) says nearly $26 billion is needed for large scale repairs for the nation’s 1.2 million public housing units. The homes need to be updated in terms of accessibility for disabled residents, plumbing and electrical efficiency, roof …
From Florida, Treasure Coast Palm reports that the Joint Center for Housing Studies at Harvard University says that as the burden of taking care of older and larger homes with large lawns weighs on seniors and aging boomers, they will be seeking single-level homes with better access to shopping, transportation …
The Edmonton Sun reports from Alberta, Canada that modular homes are beginning to replace the 374 homes that were destroyed by a wildfire May 15 in Slave Lake, Alberta, displacing over 7,000 people. Mayor Karina Pillay-Kinnee says she anticipates the town that was 30 percent destroyed will eventually have 400 …
The Louisville Courier-Journal says a Wall Street Journal analysis of mortgage banking in Kentucky shows people had more trouble getting financing in 2010 than in other states. Adam Hall, president of the Mortgage Bankers Association of Kentucky says part of the reason in the rural areas is the existence of …
Study Shows Tighter Lending Restrictions in Kentucky Read More
The Bethlehem Patch reports from Bethlehem, Pennsylvania, that an 11.8 acre lot may soon be home to 59 manufactured homes, 132 parking spaces and a basketball court called Applebutter Village. The developer was granted an extension to July 14 by the Bethlehem Planning Commission to address concerns relating to visitor …
Following up on a story we published here June 21 concerning a federal sprinkler standard in manufactured housing, the Manufactured Housing Authority for Regulatory Reform (MHARR) reports the issue has been tabled. The Manufactured Housing Institute (MHI) amended their “where required” sprinkler system proposal to “not required” June 17. During …
The Dow began the week on an up note, as technology stocks pushed the Dow up 108.98 points to close at 12,043.56. The Manufactured Housing Composite also closed up, gaining .82 percent to close at 1098.60, but housing stocks closed mixed. MSCI gained 1.90 percent, Skyline Corporation moved up 1.70 …
Estelle Victoria Rand, 83, mother of Richard (Rick) Rand of Great Value Homes, Inc., of Milwaukee, Wisconsin, passed away after an extended struggle on June 25. Rick Rand’s Great Value Homes is a well known manufactured home community operator and has been selling factory-built homes since 1984. MHMSM extends its sincerest …
The Fay Observer in Fayetteville, North Carolina, says Fayetteville Area Operation Inasmuch wants to site a modular home to house five homeless people on a lot owned by the city. Using a $3,500 Community Development Block Grant (CDBG), the city demolished a dilapidated house and acquired the lot. Operation Inasmuch, …
Metro News reports from Kenova, West Virginia, in the far western part of the state, that dozens of residents attended a meeting to discuss the relocation of the Kenova Elementary School. Sinkholes created sufficient structural damage to force the school to close. A new modular building will be erected on …
Modular Building Will Replace Structurally Damaged School Read More
