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.
CNNMoney reports that the Dow closed up again today, 11,539.25 +254.71 (+2.26%). This latest gain reduced the year to date decline on the Dow to (-0.33%). Market headlines included Irene damage estimates at $10 billion, the EU’s decision to move ahead with Greek bailout, and that Buffett’s 5 billion BoA […]
Stocks rise with Irene’s tides, most MH follows Read More
PostandCourier reports that in South Carolina, the perceptions of factory built homes are mixed. Lee Cave, Mount Pleasant’s top building official said, “People see the pieces (of a home) come in on a truck and my phone starts ringing,” he said. “I think there’s kind of a stigma to them.
Factory Home Building Wins Converts in South Carolina Read More
TimesHerald reports the Architectural Heritage and Landmark Commission unanimously approved improvements to the nearly 10 story Lennar Mare Island-owned Building 680 in preparation for an anticipated lease with housing fabricator Blu Homes. “Obviously, (we are) very close to completing a transaction with (Blu Homes),” Tom Sheaff, vice president and general
Mare Island deal puts Blu back in Modular News Read More
TMHA reports to MHMSM.com that the Texas Manufactured Housing Association (TMHA) published a 9 page overview of the SAFE Act and how it will play out in their state. TMHA’s Executive Director DJ Pendelton urges association members to get and stay up to speed and engaged on this key industry
SAFE Act in Texas update available Read More
CNNMoney reports that the Dow closed up again today, 11,284.54 +134.72 +1.21%, as the market recovery from its recent downward turbulence continues. The five day Dow average is up 4.32%, but year to date is still off -2.53. Market headlines includes Home Depot and Lowes jumped ahead on hurricane concerns,
Big Ben Bravely Blows, Markets Rose, MH Rose too Read More
CTV reports the debate in Canadian housing circles about the soundness of the housing market. Is there a U.S. style housing bubble? The signals are mixed, according to experts. Prices in Vancouver look dangerously high, while towns such as Saint John, New Brunswick are quite affordable. Compared to renting, owning
Canadian housing market: Sound or a bubble set to burst? Read More
PMHA reports that based on the decision of their board, they will suspend HOMExpo 2012. HOMExpo 2011 had good reported trade days attendance and a more modest result on public days. Pennsylvania Manufactured Housing Association (PMHA) Executive Vice President, Mary Gaiski, said: “We appreciate all of you who supported HOMExpo
PMHA board makes their decision about HOMExpo for 2012 Read More
KnoxvilleNewsSentinel reports that the “New Norris House,” was built by the University of Tennessee and Clayton Homes. Built by UT architecture students and Clayton Homes in Norris TN, the model home is a living laboratory for sustainable building. Graduate students will measure energy and water use by Mary Leverance and
Factory Built – Geo-Friendly New Norris House grabs headlines Read More
SBSun published an OpEd by Joan Patsky which asserts that “millions of homeowners” with non-delinquent mortgages may benefit by refinancing at historically low interest rates, if U.S. Senate Bill 170 introduced by Sen. Barbara Boxer, D-Calif., goes into effect. Patsky says “S.B. 170 is designed to assist non-delinquent borrowers in
Boxer’s bill could benefit manufactured home owners Read More
CNNMoney reported the retreat of the Dow today, which closed 11,149.82 -170.89 (-1.51%). Buffett’s 5 billion dollar stake in Bank of America, gold’s rebound, weak growth, high debt and the Sage of Omaha’s high profile fund raiser for President Obama all made headlines. The Manufactured Housing Composite index closed down
Rally retreats on realities, most manufactured housing stocks follow Read More
Republic reports that the Donaldsonville (LA) City Council planned a discussion next week about amending its law regulating “mobile homes” within their city limits. The Advocate reports (http://bit.ly/pozgCX ) council members decided during Tuesday’s meeting to place the issue on the Sept. 19 agenda for further discussion. At question is
Manufactured home placement law to be reviewed by city Read More
Saratogan reports Massachusetts Attorney General Martha Coakley is suing the owners of Saratoga Springs NY based Morgan RV Resorts, alleging the company is intimidating members to collect exorbitant fees in their Cape Cod manufactured housing community. According to Coakley’s press release, the company’s sales team “aggressively solicited homeowners at Peters
Massachusetts AG sues manufactured home community owner Read More
LegalNewsline reports that New York Attorney General Eric Schneiderman was removed from an executive committee negotiating a nationwide foreclosure settlement with major U.S. lenders. Iowa Attorney General Tom Miller, leading the committee, said Schneiderman has “actively worked to undermine” its effort. State attorneys general, the U.S. Justice Department, Treasury Department
Maverick NY AG Schneiderman removed from mortgage settlement deal committee Read More
NCTimes reports that the proposal to consider selling city owned Laguna Vista Mobile Home Park in Oceanside, CA has died. The Financing Authority in February voted 4-0 to instruct city staffers to explore the idea of selling the manufactured home community. The city panel that oversees the land lease community’s
Proposal to sell city own manufactured home community defeated Read More
MotherNatureNews (MNN) reports that prefab home builder BluHomes has unveiled a new line of New England style modular homes that ‘fits the architectural vernacular of traditional and historic communities.’ Massachusetts-based prefab firm Blu Homes unveils Lofthouse, a New England style modular home that has already been making small waves on
Mother Nature Loves Prefab Blu’s new Mod Read More
CNNMoney reports that while there are no guarantees, some traders in the markets responded to hopes of a possible QE3 announcement by the Fed this Friday. The Manufactured Housing Composite index rose 3.34% to close at 770.5. AMG 81.87 +1.44 (1.77%), but retreated in after hours trading. Clayton Homes, Vanderbilt
Gold drops $104 to 1757.30, stocks rise on QE3 hopes, MH rises too. Read More
Newsystocks reports that equities research analysts at Ladenburg Thalmann initiated coverage on Sun Communities Inc (NYSE: SUI) in a research note to investors on Wednesday. Thalmann set a “buy” rating on Sun stock and a $43.00 price target. Analysts at The Benchmark Company raised their price target on shares of
Analysts rate a Manufactured Home Communities REIT a buy Read More
Award-winning Modular Lifestyles has had the home in the photo to the left selected for the 3rd Annual Upcoming Ojai Valley Green Home Tour held October 1, 2011. The home passed the stringent So Cal Edison “CA Advanced Home” program standards. Modular Lifestyles VP, Steven Lefler, told MHMSM.com that “We
Modular with solar power selected for Green Home Tour Read More
RutlandHearald reports that Steven James Bromley, age 61, of North Charleston, S.C., died Saturday, August 20th, 2011, at his residence. He was the owner of Sea Island Building Systems Inc., Beaufort, S.C.; salesman with Highland Home Brokers Inc., Charleston, S.C.; owner of Vermont Precision Products; owner of Metronics Inc., Manchester,
Transitions: Steven J. Bromley, R.I.P. Read More
CNNMoney reports that new-home sales fell once again in July, the third straight month of declines. The seasonally adjusted annualized rate of 298,000. This represents a modest 0.7% drop from a downwardly-revised rate of 300,000 homes sold in June, according to the Census Bureau, but up 6.8% from July 2010
NAHB’s Crowe: ‘Low rates haven’t helped home sales’ Read More
