Manufactured and Modular Housing News

Uptick Noted for Drew Industries Stock Read More

Uptick Noted for Drew Industries Stock

By Matthew Silver / October 31, 2011 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

Zacks reports SmarTrend marks Drew Industries in an uptrend, noting the stock for this manufacturer of components for MH and RVs has risen nearly 24 percent in two months. The online analyst says August 29 the stock was at $19.89 and is now at $24.03. The range over the past

Modular Vacations on Cape Cod Read More

Modular Vacations on Cape Cod

By Matthew Silver / October 31, 2011 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, Trends

CapeCodTimes reports Jacques Lapointe, owner and developer of Pleasant Bay Homes of East Harwich, Massachusetts, has placed nearly 200 modular homes on the Cape since 1999. The most recent is a 4,600 square foot five-bedroom home overlooking the Atlantic Ocean in Orleans, MA for Dee Overton. “This was a paper

Dow Drops Despite Best Month Since 1987; Palm Harbor Spikes 80% Plus Read More

Dow Drops Despite Best Month Since 1987; Palm Harbor Spikes 80% Plus

By Matthew Silver / October 31, 2011 / Manufactured and Modular Housing News, Stocks

CNNMoney reports the Dow Jones Industrial Average fell 276.10 points during the day to close at 11,955.01, a loss of 2.26 percent as Japanese intervention in the currency market caused the dollar to rise and U.S. stocks to fall. However, the month of October still has been the best since

Bernanke in the Ring: “It’s a left, then a right, another left …!!” Read More

Bernanke in the Ring: “It’s a left, then a right, another left …!!”

By Matthew Silver / October 31, 2011 / Advocacy, Business, Economy, Manufactured and Modular Housing News, regulation

WashingtonPost reports Ben Barnanke will get pounded from the left and the right at this week’s Federal Reserve policy making committee. Half of the ten member committee disagrees with his monetary policy. The conservatives say he is doing too much; the liberals saying he is not doing enough. “A growing

Water and Oil: A Tough Mix in Minot Read More

Water and Oil: A Tough Mix in Minot

By Matthew Silver / October 31, 2011 / Communities, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned of a letter sent to the Minot Daily News from a woman whose single-mother daughter wisely moved her manufactured home out of the flood zone in advance of the raging Souris River this past spring, but now has no place to site it. The original community, Valerie

TX State Exec for the departing Thayer Long’s post? Read More

TX State Exec for the departing Thayer Long’s post?

By MHProNews / October 31, 2011 / Manufactured and Modular Housing News

MHProNews asked DJ Pendleton, the Executive Director for the Texas Manufactured Housing Association (TMHA), to comment about his being approached by MHI’s leadership to fill the role by the departing Thayer Long. “I was exceptionally flattered to be mentioned as a potential replacement for Thayer, especially after I saw the

Dow Rests Following Huge Rally; Nobility Homes Spikes Read More

Dow Rests Following Huge Rally; Nobility Homes Spikes

By Matthew Silver / October 28, 2011 / Business, Manufactured and Modular Housing News, Stocks

CNNMoney reports the Dow Jones Industrial Average rose a mere 22.56 points during the day, as investors stepped back from yesterday’s blockbuster. However, the month of October has seen the value increase 12 percent, and the gains have been the best since January 1987. The Dow closed at 12,231.11, a

Roll Call: Vets to Muster in Modular Home Community Read More

Roll Call: Vets to Muster in Modular Home Community

By Matthew Silver / October 28, 2011 / Business, Communities, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, People

LIBN reports from Smithtown on Long Island in New York that Veritas Villages of America plans to build 560 affordable modular homes, apartments and townhouses for U.S. military veterans and their families. Veritas intends to win grants from the federal government to provide veterans housing and qualify for the HUD-VASH

The New HARP: Performing for a Larger Underwater Audience Read More

The New HARP: Performing for a Larger Underwater Audience

By Matthew Silver / October 28, 2011 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, People, regulation

MHProNews has learned in a report from DSnews the Federal Housing Financing Agency (FHFA) has redesigned HARP (Home Affordable Refinance Program) to bolster more underwater homeowners, and thereby buoy the housing market a little longer. Originally, only those who owed more than 25 percent above the value of their home

MH Dealer Facing New Charges Read More

MH Dealer Facing New Charges

By Matthew Silver / October 28, 2011 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home, People

KRGVTV reports from Laferia, Texas, that an MH dealer with two pending civil cases against it has received a fresh batch of accusations alleging fraud. Park Girl in Laferia, in south Texas, has been accused of taking deposits for manufactured homes and then breaking the contract without returning the money.

Bailout Estimate Falls. FHFA Funds GSEs; GSEs Pay FHFA Dividends. Any Questions? Read More

Bailout Estimate Falls. FHFA Funds GSEs; GSEs Pay FHFA Dividends. Any Questions?

By Matthew Silver / October 28, 2011 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News

MHProNews has learned from NationalMortgageNews the Federal Housing Finance Agency (FHFA) now estimates it will cost $52 billion less to bail out Fannie Mae and Freddie Mac because of better than expected results of the GSEs (government sponsored enterprises). The agency’s original estimate was between $221 billion to $330 billion,

Modular Manufacturer Hangs up the Hammers Read More

Modular Manufacturer Hangs up the Hammers

By Matthew Silver / October 28, 2011 / Business, Company News, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

BoonvilleDailyNews reports from Boonville, Missouri, that modular home builder Fuqua Building Systems closed its plant here and its office in Bend, Oregon, earlier this month after over 40 years in business. At one time employing 175 in Boonville, Fuqua had ceased operations in May after a series of layoffs since

Sparks fly on NFPA Report on Fires and Manufactured Homes: We provide, You decide Read More

Sparks fly on NFPA Report on Fires and Manufactured Homes: We provide, You decide

By MHProNews / October 27, 2011 / Manufactured and Modular Housing News

MHProNews has received press releases and statements/reports from and about the National Fire Protection Agency (NFPA) on the topic of fire safety in HUD Code manufactured housing. The differing press releases from MHI and MHARR are closely tied with the subject of fire sprinklers, preemption and the very nature

Palm Harbor Roars, Manufactured Housing out soars, Dow rose on a big day for market gains Read More

Palm Harbor Roars, Manufactured Housing out soars, Dow rose on a big day for market gains

By MHProNews / October 27, 2011 / Manufactured and Modular Housing News

CNNMoney reports a nearly 340 point jump in the Dow on the announcement that the European Union had agreed on a debt deal. The Dow Jones Industrial Average soared +339.44 (+2.86%) to close at 12,876, now in positive territory for the year, at +5.45%. The Yahoo! Finance Manufactured Housing Composite Value

The Future of Manufactured Housing News starts this weekend! Read More

The Future of Manufactured Housing News starts this weekend!

By MHProNews / October 27, 2011 / Manufactured and Modular Housing News

The switchover from the current website format of MHProNews.com (a.k.a. MHMSM.com) to the long anticipated new one will begin Saturday evening at 11 PM Central Time. While many of the changes are technical ones that only a web-pro will notice, regular visitors will see dozens of new features and a

King pleads Guilty! Read More

King pleads Guilty!

By MHProNews / October 27, 2011 / Manufactured and Modular Housing News

In a follow up to a story published on MHProNews August 17th, BlueRidgeNow reports that 55 year old Roger Leon King plead guilty to 7 counts of obtaining property by false pretenses, totaling more than $290,000. Arrested in August on 2 counts, King was charged with five additional counts in