Manufactured and Modular Housing News

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.

Some Good News in the Housing Market

Bloomberg News reports sales of previously owned homes rose to 7.7 percent in August, according to the National Association of Realtors (NAR). Sales of existing single-family homes rose to their highest level since January, rising 8.5 percent to a seasonally-adjusted rate of 4.47 million. The August figures compare to the …

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Modular House Emerges from MIT’s Affordable Housing Initiative

Following up on a prior story about building inexpensive homes for the multitude  of poor people across the globe, Eco-Business notes the Massachusetts Institute of Technology’s (MIT)  grad student Ying chee Chui’s modular design incorporates hollow brick walls, reinforcing steel bars, wooden box beams, and includes a central courtyard within …

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American Dream of Home Ownership Lives!!

TruliaPro says the results of a recent survey show 80 percent of 2,207 American adults polled envision the purchase of a home in their lifetime. Despite the recent housing slump, concerns over employment, credit scores, and saving for a down payment, 65 percent of the respondents maintain home ownership continues …

American Dream of Home Ownership Lives!! Read More

Exclusive Video Interview with Kevin Clayton, CEO of Clayton Homes, a division of Warren Buffett’s Berkshire Hathaway

Up close and personal interview with Kevin Clayton, CEO of Clayton Homes, the largest factory built home-builder in the United States and a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway. For nearly one hour, author Robert Miles interviews Kevin Clayton on this University of Nebraska UNO Televion interview. Miles’ …

Exclusive Video Interview with Kevin Clayton, CEO of Clayton Homes, a division of Warren Buffett’s Berkshire Hathaway Read More

Dow Strengthens in Midday then Falls, Registering Modest Gain

CNNMoney reports the Dow Jones Industrial Average inched 7.65 points higher today, gaining 0.07% to close at 11,408.66 as fears about Greece’s economic turmoil fell somewhat. Yahoo! Finance reports the Manufactured Housing composite dropped 1.26% to end the day at 771.60. Affiliated Managers Group 84.40 -1.16 (-1.36%). Clayton Homes, Vanderbilt …

Dow Strengthens in Midday then Falls, Registering Modest Gain Read More

Garcia Addresses Texas MHA Convention

The Texas Department of Housing and Community Affairs (TDHCA) Manufactured Housing Division (MHD) executive director, Joe A. Garcia, addressed the Texas Manufactured Housing Association (TMHA) annual meeting this morning in Fort Worth. Garcia praised the TMHA for the low incident of complaints from consumers, and the high level of legal …

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Housing Starts Fall in August, but Building Permits Rise

HousingWire reports housing starts fell by 30,000 units on an annualized basis comparing July to August. August numbers show 571,000 starts, a drop of 5%, and a 5.8 percent decline from a year earlier when they hit 606,000 units on an annualized basis. Single-family unit starts dropped 1.4% for August, …

Housing Starts Fall in August, but Building Permits Rise Read More

Delaware Awards Scholarships to MH Residents

First State Manufactured Housing Association of Delaware announces the winners of its Manufactured Housing Scholarship Award for 2011. Jennifer Lauren Ashwell is a 2011 graduate of Sussex Central High School, and she will be majoring in communications at Notre Dame of Maryland University in the fall. She will be seeking …

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Modular E-Cube One of 30 Entries in Solar Decathalon

Earth Techling reports that one of the entries in the U.S. Department of Energy’s Solar Decathlon 2011 is an E-Cube from Ghent University in Belgium. It is designed for people with limited construction experience who want highly efficient, modular homes that they can assemble themselves. Low on gadgetry, and made …

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Lance Kennedy of North Dakota MHA Speaks Out

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 …

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Dow Drops on Continuing Possibility of Greek Default

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 …

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Sun Communities Stock Continues to Climb

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 …

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Market for New Homes Still Flat on the Ground

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 …

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MHC Developer Persists, Will Submit Plans a Third Time

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 …

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Canadian City Launches Modular Housing for Seniors

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 …

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Developer Eager to Replace Old Mobile Homes with New Manufactured Homes

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 …

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Dow nearing YTD break-even, in day 5 of the uptick, MH mixed

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 …

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Adventure and Granger love Louisville

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, …

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First Nation flood victims looking to modular homes solution

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 …

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