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.
In noting the 13 percent drop in manufactured housing in the first quarter of this year over 2010, and the continued decline in the industry before the broader housing crisis settled in, the Manufactured Housing Association for Regulatory Reform (MHARR) will issue a series of briefs and fact sheets about …
MHARR to Issue Series of Needed MHIndustry Changes Read More
The site near the Tunica Manufactured Housing Show in Tunica, Mississippi, has been flooded by the recent rising tide of the Mississippi River and its tributaries. Yahoo! News shows pictures of the flood waters around the casinos, and notes that the state earns $10 million a month in taxes from …
Mississippi Manufactured Housing Show Site Flooded Read More
Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was …
The Dow rose for the third straight day upon news of Microsoft buying Skype and positive corporate earnings reports, and most housing stocks gained as well. The Dow gained .60 percent to close at 12,760.36. In housing stocks, Palm Harbor gained 3.45 percent, Sun Communities was up 2.74 percent, Skyline …
International Business Times reports that Housing and Urban Development (HUD) Secretary Shaun Donovan says there are 1,000 foreclosed homes in Alabama that could be available to house people left homeless by the April 29 tornadoes. Although the government does not have an exact number of how many people are …
Foreclosed Homes May House Alabama Tornado Victims Read More
RV Business says Democratic U.S. Representative Joe Donnelly of Indiana will make a run for the U.S. Senate seat now held by Republican Senator Richard Lugar. Rep. Donnelly’s website says from June, 2010, in part: “Congressman Donnelly has been an advocate for the manufactured housing industry, a vital part of …
Friend of Manufactured Housing to Run for U.S. Senate Read More
The Las Vegas Review-Journal says the Community Action Program of the Plumbers, Pipefitters and Service Technicians Local 525 is helping with the plumbing needs of seniors on fixed incomes who live in manufactured homes. Lou Salazar, the local’s residential business representative, started the program 13 years ago using union …
Plumbers Helping Seniors in Manufactured Housing on Own Dime Read More
The Press-Enterprise reports that the city of San Jacinto, California, is planning to annex some land that includes Country Lake Mobile Home Community. Country Lake residents are protected by a rent control ordinance in Riverview County, but San Jacinto does not have rent control, so any agreement could apply only …
Rent Control on the Table as City Plans Annexation Read More
Zacks says that the Berkshire-Hathaway first quarter 2011 operating earnings report shows a 49 percent drop from Q1 2010. Although total revenue gained 5.3 percent year-over-year, net income was .61 cents per share, dropping 59 percent from the same quarter last year. The loss was attributable primarily to insurance expenses …
Net Income for Berkshire-Hathaway Drops in Q1 2011 Read More
HousingWire reports the three largest cities in Ohio – Cleveland, Cincinnati, and Columbus – accounted for 45,000 foreclosures since 2009. A national network of community organizations, National People’s Action (NPA), in a survey of foreclosed properties over a 27 month period, determined that each foreclosure in the Buckeye state brought …
Study Shows Ohio Cities Hit Hard by Housing Crisis Read More
The Dow rose 45.94 points as oil and commodity prices rose from an early morning low to close at 12,684.68. In housing stocks, UMH was up .99 percent, Equity Lifestyle Properties gained .98 percent, Sun Communities rose .90 percent and MSCI gained .56 percent. Palm Harbor Homes lost 17.14 percent, …
Dow Rebounds from Early Sell-off as Housing Stocks Close Mixed Read More
The Times Daily reports from Northern Alabama that Federal Emergency Management Agency (FEMA) homes have started arriving in Franklin County to house victims of the April 27 tornadoes in areas where rental housing is limited. Eleven homes arrived over the weekend, and 30 more FEMA homes are expected by local …
According to Bloomberg, Zillow, Inc. reports that the number of homes with negative equity increased from 22 percent a year ago to 28 percent Q1 2011. There were 16.2 million homes worth less than the amount owed, compared to 13.1 homes in that situation one year ago. Home prices dropped …
The Fayetteville Observer writes that nearly 300 families will be uprooted when Fairlane Acres in Fayetteville, North Carolina, closes later this year. The Wellons family has had a 50-year lease since the early 1960s, which is near its end, and the land owners will no doubt take advantage of the …
Longtime Land Lease Community in North Carolina to Close Read More
The Knoxville News-Sentinel reports that Jim Clayton, founder of Clayton Homes and Clayton BanCorp, Inc., was one of nine recipients of the Pinnacle Award, presented by the Knoxville, Tennessee Chamber of Commerce recognizing the best in business leaders. He was awarded the “James A. Haslam II Leadership Award, which honors …
Clayton Founder Honored by Knoxville Chamber of Commerce Read More
The Manufactured Housing Institute’s (MHI) shipments report indicates that 4,035 new HUD-code homes were shipped in March 2011, down 10.7 percent from March 2010. Decreases were across the board with both single-section and multi-section homes shipments down compared with the same month last year. Compared with 2010, this year has …
New HUD Code Homes Shipped in March Fell 10.7 Percent from March 2010 Read More
HousingWire reports that Congressional Republicans have passed three bills out of subcommittee that will alter the role of the Consumer Protection Financial Bureau (CFPB) in its dealings with lenders. One of the proposals would replace the single director with a five member commission, legislation the American Bankers Association (ABA) supports. …
A stronger than expected employment report was tempered by a Euro sell-off that gave the Dow a modest advance of 54.57 points to close the week at 12,638.74, while housing stocks closed mixed. Cavco was up 3.53 percent and MSCI gained 2.21 percent. Meanwhile, Skyline Corporation dropped 1.22 percent, Equity …
Dow Registers Modest Gain, Housing Stocks End Week Mixed Read More
Bluffton Today from Bluffton, South Carolina, in the low country, says ground has been broken on a $10 million affordable modular housing community that will eventually contain 68 apartments. It is common in Bluffton to see million dollar homes right next to more modest dwellings, including manufactured homes. Said Mayor …
Digital Journal reports N2Care of Salem, Virginia, has developed a modular medical facility to allow seniors to age in place in their own backyard. The MedCottage is equipped with the latest medical technology, sensors and communications equipment via Internet and smart phone applications. The equipment monitors vital signs, filters the …
