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 Daily Profit Blog reports that two of the top five small cap stocks for June 23 were manufactured housing stocks. Skyline Corporation (NYSE:SKY) gained 7.8 percent, and Cavco Industries (NASDAQ:CVCO) was up 4.8 percent, turning in the third and fourth best performances, respectively, for the day. The report says …
Concurrent to the news from the Census Bureau, LinkedIn reports from Realtor Magazine the median sale price of new homes rose 2.6 percent in May over April, to $222,600. This marked the first time in six months that number has risen. The normal markup of new homes over existing homes …
Origination News says the Census Bureau reports new home sales fell in May to a seasonally-adjusted rate of 319,000, down from 326,000 in April. Sales fell two percent below April, and 13.5 percent below May 2010. IHS Global Insight economist Patrick Newport says new home sales are “stuck at the …
The Dow survived a sharp drop earlier in the day and recovered lost ground upon good news from Greece’s faltering economy, but still closed down 59.67 points to end the day at 12,050.00. Housing stocks were mixed. The Manufactured Housing Composite gained 6.68 percent to close at 1072.40. Skyline Corporation …
Dow Picks Up Steam during Day, Housing Stocks Mixed Read More
Treasure Coast Palm reports from Jensen Beach, Florida, just north of West Palm Beach, the stylish manufactured home of Nancy and Dean Hunter epitomizes upscale down-sizing. Their 1,600 square foot, three bedroom manufactured house in the Pinelake Village community boasts a kitchen big enough to have a breakfast bar, dining …
HousingWire reports the House Appropriations Committee has voted to slash funding for the new Consumer Financial Protection Bureau (CFPB) from the Federal Reserve’s requirement of $500 million to $200 million. Under the Dodd-Frank Act the agency can request another $200 million. Funded by the Federal Reserve, the CFPB will control …
Realtor Magazine, the official publication of the National Association of Realtors (NAR), reports Patrick Phillips, CEO (Chief Executive Officer) of Urban Land Institute, says the nation’s population is expected to grow by 150 million over the next 40 years. Speaking at a NAR event, he says the trend is to …
In following up on a story we published here June 13, The Greeley Tribune in Colorado reports the Evans City Council unanimously voted to change the terms for manufactured homes in the Cave Creek manufactured housing community, for one year. Instead of having to be less than four years old, …
Age-based MH Regulation Out, Aesthetically Pleasing MH In Read More
Reuters reports from Kansas City, Missouri, that since the tornado devastated Joplin, MO, there are 624 families and individuals needing housing. The Federal Emergency Management Agency (FEMA) is building up to 324 three-bedroom one bath modular homes that will be sited on city-owned land in the north part of town. …
FEMA Building 324 Modular Homes for Twister Survivors Read More
The Department of Housing and Urban Development (HUD) is speeding disaster relief to numerous counties in Montana and Vermont for people whose homes were damaged by the storms and flooding in April and May. The disaster declaration, announced by President Obama last week, permits the state to re-allocate federal resources …
The Dow dropped .66 percent in response to the Federal Reserve Chairman Bernanke’s assessment that the economy is not picking up, to close at 12,109.67, as housing stocks closed mixed. The Manufactured Housing Composite lost 2.08 percent to close at 1005.30. Nobility Homes gained 1.63 percent and ELS gained .30 …
Dow Loses Steam on Fed’s Diagnosis, and Housing Stocks Close Mixed Read More
NWCN reports from Spokane, Washington, that the city will use a double-section manufactured home as a fire station for at least five years. Without capital to build a new firehouse, the city will spend $10,000 to buy this facility from the Valley Fire Department, and construct an over-sized garage to …
According to the Hickory Daily Record in North Carolina, one of the bills awaiting signature by Governor Bev Perdue would provide for a single trip permit to transport a sixteen-foot wide manufactured or modular home, subject to rules issued by the department of transportation.
Delaware Online reports from Georgetown that the Sussex County Council overruled the county planning and zoning commission and voted to put an RV campground in the middle of Rehoboth Shores manufactured home community. The undeveloped space had been designated for 260 home locations, but the council said it will increase …
County Council Overrules Zoning Commission in Delaware Read More
The Bastrop Daily Enterprise of Bastrop, Louisiana, published the residential inspection fees for Morehouse Parish, and noted they are similar to other parishes. The Morehouse Parish Police Jury hired the Institute for Building Technology and Safety (IBTS), a non-profit, to do residential and commercial inspections. IBTS services nearby parishes as …
Inspection Fees Posted for New MH and Modular Construction Read More
Robert E. Barclay, 67, of Lititz, Pa., died Monday, June 13, 2011, in Abbotsford, WI. A memorial service will be at 7 p.m. Wednesday, June 22, at the Maurina Schilling Funeral Home in Abbotsford. A visitation will be from 5 p.m. until the time of service at the funeral home …
The Recreational Vehicle/Manufactured Housing Hall of Fame (HOF) headquarters in Elkhart, Indiana, will be the site of the August 1 banquet for the 2011 inductees into the HOF. The inductees include a cross-section of Recreational Vehicle and Manufactured Housing leaders. They are: George F. Allen, GFA Management, Indianapolis; Robert Azevedo, …
The Dow gained 109.63 points as technology stocks advanced, to close at 12,190.01, and most housing stocks spiked upward for a second day in a row. The Manufactured Housing Composite gained 6.60 percent to close at 1026.60. Cavco gained 9.24 percent, Skyline Corporation rose 3.49 percent, MSCI was up 1.95 …
Dow Climbs Again Despite Greece Debt, as Many Housing Stocks Improve Read More
TakeoverChatter reports that Equity LifeStyle Properties (ELS) is one of five companies to hit a 52-week high June 20. The higher price may be the result of investors thinking the stock is undervalued, and their demand pushes the price higher. ELS Chairman Sam Zell recently led his company in acquiring …
The Dickinson Press in Dickinson, North Dakota, reports two brothers have combined Custom Touch Homes manufactured housing and Rosebud Manufacturing interior wood furnishings under one roof into Dakota Custom Cabinets and Homes LLC. Tim Kern manages Custom Touch and says the “stick-built offsite” homes are comparable to site-built in terms …
