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 Dow dropped 88.36 points as investors watched the debt ceiling debate rage on to close at 12,592.80. The Manufactured Housing Composite dropped 1.99 percent to 1032.50, as several housing stocks closed down. Palm Harbor Homes gained 38.46 percent. Drew Industries fell 3.26 percent, UMH dropped 2.86 percent, Skyline Corporation …
Dow Closes Down Slightly, as Several Housing Stocks Follow Read More
The Rome News Tribune reports from Floyd County in northwestern Georgia that the Floyd County Board of Commissioners will pass an ordinance extending the time manufactured housing may be used in times of declared disaster. Following a disaster in the county, the amendment will permit a person to live in …
County Approving Amendment to Allow MH Following Disaster Read More
Bloomberg reports a Washington, D.C. U.S. Court of Appeals ruling may forestall implementation of some Security and Exchange Commission’s (SEC) Dodd-Frank Act regulations, enacted over a year ago. Business groups had challenged a rule dealing with access to company board positions, and the costs associated with fending off investors’ attempts …
Federal Ruling may Setback back Dodd-Frank implementation Read More
Sources tell MHMSM.com that organizers for the Great Southwest Home Show (GSWHS) are considering two key moves. One is a change of dates, the other a possible change of venue. One possibility mentioned is to have the GSHW Show in February. “That would take the show out of competition …
The Dickinson Press in Dickinson, North Dakota, reports a modular housing complex to house workers for an oil company will be constructed on the grounds of the old Fryburg School. Energy Resource Group received a special use permit from the Billings County Commission for the project that will house 200 …
Modular Housing for Oil Field Workers Rising in ND Read More
The Minot Daily News says engineers from Verendrye Electric Cooperative are working on a plan for 200 home sites east of Minot, North Dakota, for evacuees of the Souris River flooding in late June. Several of the Federal Emergency Management Agency (FEMA) manufactured homes have already arrived at a staging …
The Dow fell .34 percent for the day, nudged down by industrial giant Caterpillar, closing at 12,681.16, but finished strong for the week. The Manufactured Housing Composite lost 3.22 percent to close at 1053.50, as housing stocks had a mixed day. Palm Harbor Homes gained 21.50 percent, Nobility Homes climbed …
Dow Falls for the Day, but Gained 1.6 percent for the Week. Read More
Federal Criminal Defense Lawyers reports that Philip R. Lochmiller, Sr., has been convicted by a jury in Denver, Colorado’s Federal Court on charges of defrauding 400 people out of $30 million. Convicted of conspiracy, money laundering conspiracy, money laundering and mail fraud, Lochmiller engineered a Ponzi scheme using manufactured housing …
Jury Finds Philip Lochmiller, Sr., Guilty as Charged Read More
Second Act says Harvard University’s Joint Center for Housing Studies predicts the number of houses headed by persons over 65 will jump 35 percent in the next ten years as Baby Boomers age. Most seniors prefer to age in their own homes, or downsize and move to be near family, …
Aging in Place Boomers Will Require Home Modifications Read More
The Chicago SunTimes, Chicago Tribune, Journal Record and Des Monies Register have all reported in recent months on issues relating to resident complaints in manufactured home communities. A recent example is in Glenview, IL, where the Chicago Tribune reported on Sunset Village MHC, which is now in the hands of …
Manufactured Home Communities Dogged by Resident Complaints Read More
LinkedIn reports Lawrence Yun, chief economist with the National Association of Realtors (NAR), projects previously-occupied homes sales will slowly rise through 2012. Yun says the rising path will be uneven. Speaking at the Realtors® Midyear Legislative Meetings & Trade Expo, he says, “If we just hold at the first-quarter sales …
The Merced Sun-Star of California says a U.S. Department of Housing and Urban Development (HUD) program may assist eligible homeowners with mortgage payment relief. If 15 percent of their income has been lost because of the economic downturn or a medical emergency, they are three months delinquent, and the mortgage …
HUD Mortgage Relief Plan Assists Homeowners Suffering Income Loss Read More
The San Francisco Chronicle reports that Mark Rothschild, an analyst at Canaccord Financial, Inc., has raised the rating on Canada’s Killam Properties (KMP:CA) (KMPPF:OTC US) from “hold” to “buy”. According to the 2011 Allen Report, Killam ranks as the 17th largest land lease community (LLC) operator in North America with …
Canadian LLC Operator Gets ‘Buy’ Sign from Analyst Read More
The Dow registered a 152.50 point gain on news that Greece’s debt crisis may be resolved, to close at 12,724,41. Several housing stocks closed up as well. The Manufactured Housing Composite gained .42 percent to close at 1088.60. Drew Industries gained 3.09 percent, MSCI moved up 1.81, Berkshire Hathaway gained …
Trade Only Today reports that Dehco Inc., a supplier of parts for the manufactured housing, RV, spa, and marine industries, has begun a new division called Recreation Nation. As the parent company of Tristar Distributing and Cast Company, it originally only supplied original equipment manufacturers (OEMs), but now will provide …
MH Parts Supplier will Now Sell to Aftermarket Trade Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports that builder confidence in July for newly-built, single-family homes rose two points in July over June. While the June number had dropped three points from the previous month, this marks the ninth time out of the last …
The Langley Advance in Langley, British Columbia, Canada, says modular builder Britco has been chosen for the tenth year to provide the prize home at the Pacific National Exhibition (PNE) Aug 20 through Sept 5. Unlike many of the disaster-relief and smaller dwellings the company makes, this 3,100 square foot …
From industry sources reporting to MHMSM.com and Housing Wire, as the Consumer Financial Protection Bureau (CFPB) opened for business July 21 with a budget estimated at $550 million, the debate in and out of Congress continues to rage over the authority one person will have over all mortgages and other …
In a notice titled “Pressure Continues for Federal Sprinkler Standard”, the Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee’s telephone conference July 20 did not result in any voting. Discussion centered on the the federal sprinkler standard which is still before the Technical Structure and …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the House Financial Services Committee held a hearing on H.R. 1751 that would require all Housing and Urban Development code (HUD Code) manufactured homes be sold with a weather radio. During the hearing, Rep Barney Frank (D-MA.) proposed the establishment of …
House Committee Seeks Relief for Manufactured Housing Read More
