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 began the week on an up note, as technology stocks pushed the Dow up 108.98 points to close at 12,043.56. The Manufactured Housing Composite also closed up, gaining .82 percent to close at 1098.60, but housing stocks closed mixed. MSCI gained 1.90 percent, Skyline Corporation moved up 1.70 …
Estelle Victoria Rand, 83, mother of Richard (Rick) Rand of Great Value Homes, Inc., of Milwaukee, Wisconsin, passed away after an extended struggle on June 25. Rick Rand’s Great Value Homes is a well known manufactured home community operator and has been selling factory-built homes since 1984. MHMSM extends its sincerest …
The Fay Observer in Fayetteville, North Carolina, says Fayetteville Area Operation Inasmuch wants to site a modular home to house five homeless people on a lot owned by the city. Using a $3,500 Community Development Block Grant (CDBG), the city demolished a dilapidated house and acquired the lot. Operation Inasmuch, …
Metro News reports from Kenova, West Virginia, in the far western part of the state, that dozens of residents attended a meeting to discuss the relocation of the Kenova Elementary School. Sinkholes created sufficient structural damage to force the school to close. A new modular building will be erected on …
Modular Building Will Replace Structurally Damaged School Read More
Delaware Online reports the Delaware State Senate has voted down a rent control ordinance. The bill would have required land lease community (LLC) owners to obtain approval for rent increases beyond the consumer price index increase the previous year. The approval would come from the Governor’s Advisory Council on Manufactured …
MHMSM.com extends a hearty welcome to the baby daughter and first child of Drew Peters of Manufactured Home Source and his wife, Christine. Kaia Peters was born Wednesday, June 22, in Reno, Nevada. Drew has been President of Manufactured Housing Source (MHS) of Incline Village, Nevada, for seven years. MHS …
MHMSM.com has learned that HME Solar Solutions of the Netherlands has developed a factory-built home with a solar panel roof that will not only function as the sole energy source for the small vacation home, but can combine with other HME homes to generate energy for a community. The entire …
The Dow lost 115.42 points on disappointing news about technology stocks to end the week at 11,934.58, while housing stocks closed mixed. The Manufactured Housing Composite gained 1.61 percent to close at 1089.70. Cavco Industries was up 2.05 percent, Nobility Homes gained 1.25 percent, Skyline Corporation was up 1.23 percent …
Dow Stumbles on Tech Stocks, while Housing Stocks Close Mixed Read More
The Fresno Bee in California reports that residents of two adjacent land lease communities in Clovis, California, will have to pay for road and drainage improvements to their communities. A hearing officer said the community owners of Campus Corral and Arabian Village have complied with the rent control ordinance and …
Residents of MH Communities to Pay for Improvements Read More
Following up on a series of stories we have done about rent control in Oceanside, California, LLCs, the last one being June 14, North County Times reports residents have nearly twice the signatures needed for repeal, or to have a referendum. City Council members who voted successfully to repeal the …
The Palm Beach Post News reports from West Palm Beach that Florida Power & Light Company (FPL) employees, city workers, and volunteers installed energy-saving equipment in 50 Coleman Park modular neighborhood homes. The FPL Makeover Teams visited the first 50 who responded to the mailed solicitation, providing free duct work, …
Fifty Low Income Residents Get Free Energy Upgrades Read More
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
