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 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
ELS has Exceedingly High Share Trading Volume Read More
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
Manufactured Housing Part of Family Business Read More
As we noted in previous posts from June 16 and 17, the Manufactured Housing Association for Regulatory Reform (MHARR) has soundly criticized the Manufactured Housing Institute’s (MHI) platform to set a “voluntary” standard for a sprinkler system when requested or required by local regulation. MHARR says any reference or prescriptive
MHARR Disparages MHI’s Written Sprinkler Proposal Read More
TodaysTHV says dozens of new Federal Emergency Management Agency (FEMA) homes have arrived in Little Rock for distribution to Arkansas survivors of the tornadoes and flooding that displaced residents between April 14 and June 3. FEMA initially tries to place people in rental housing, but if none is available, the
FEMA Homes Arrive in Arkansas Read More
The Daily Herald reports that Columbia, Tennessee, has received funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) to replace blighted homes with modular housing. The City Council approved $27,522 to buy four blighted properties and transfer ownership to Advent Community Development Corporation. Advent
Affordable Modular Housing Replacing Blighted Homes Read More
Consultant and industry publisher George F. Allen’s mother-in-law, Florence Ruth Deveney (Flossie), died Saturday June 18, 2011 at 5:45 pm after an extended illness. Allen’s wife, Carolyn, was very close to her mother and barely left her side in the hospital over the past few weeks. MHMSM.com extends its condolences
Despite Greece’s debt problems, the Dow managed to squeak a gain of 76.02 points and close at 12,080.38, while housing stocks closed up or even. The Manufactured Housing Composite gained 3.90 percent to close at 960. Palm Harbor Homes was up 30 percent, Nobility Homes gained 5.69 percent, Cavco Industries
Dow Closes Up, Several Housing Stocks Spike Read More
Business Wire reports that Morgan Stanley is partnering with National Equity Fund (NEF) to establish a program to develop affordable housing and jobs in a 13-state area hit hard by recent storms and flooding. By using Low Income Housing Tax Credits (LIHTC), the $100 million program can finance new construction
$100 Million Going to Replace Homes, Create Jobs Read More
The Times Leader reports the Kuttawa, Kentucky, City Council in northwestern Kentucky is updating its zoning ordinance concerning manufactured homes. State law prohibits banning manufactured homes from inside a city, but the city council zoning proposal is requiring homes to have either brick or masonry skirting around the bottom. Another
Kentucky Town Trying to Effectively Ban MH Read More
From Alabama, the Tuscaloosa News says one of the newest housing developments is a gated, affordable manufactured housing community in a hilly area of the county. Country Ridge offers refurbished homes from the low $20,000s to the high $40,000s, with quaint street lights, underground utilities, security cameras and large lots
Affordable Housing in a Gated Community Read More
The Department of Housing and Urban Development (HUD)’s ManuFACTured Housing News Letter announces changes in personnel. Teresa Payne, the Associate Deputy Assistant Secretary (ADAS) for Regulatory Affairs has been with HUD for 15 years in various capacities with the Manufactured Housing Program. She worked on HUD’s administration of the Real
HUD Announces Personnel Changes Read More
Daily Commercial News says Intelligent Living Corporation (ILVC) (OTCBB: ILVC) of Vancouver, British Columbia, Canada, is working with First Nations communities in Western Canada to help meet their needs for 20,000 modular housing units. In addition, a recent government analysis determined that 50 percent of tribal housing needs major repairs.
Canadian Firm Building Modular Units for First Nations People Read More
The Times and Democrat reports from Orangeburg, South Carolina, residential property that once held two factory-built homes that were demolished reverted to site-built construction, according to the zoning commission. It is located in an RS district, which means single-family site-built homes only. The owner died and his son now wants
Orangeburg County May Grant Variance for MH Read More
Dow closed up 42.84 points on news of falling oil prices to end the week at 12,004.36, while housing stocks closed mixed. The Manufactured Housing Composite lost 1.87 percent to close at 926.90. ELS gained 2.67 percent, Nobility Homes was up 1.67 percent and Sun Communities gained 1.09 percent. Skyline
Dow Ends the Week Up, Housing Stocks Mixed Read More
Yahoo! Finance reports Nobility Homes financials for the second quarter 2011 show a drop of revenue of nearly $480,000 from the second quarter 2010 to $3,229,214. The loss of $143,047 for Q2 2011 is less than the $236,928 lost in the second quarter of 2010. Nobility says it has a
Nobility Homes Posts Sales and Earnings Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) criticized the Manufactured Housing Institute (MHI), as we reported here June 16, for leaving a door open that might require sprinkler systems installed in manufactured housing. MHI says it has consistently opposed mandatory fire sprinkler systems in HUD Code homes, and has
MHI Responds to MHARR’s Allegations about Sprinklers Read More
LinkedIn reports from Realty Trac that notices for mortgage payment defaults fell to their lowest level in five years. Foreclosure filings fell 33 percent from May a year ago, and bank repossessions are down nearly 30 percent from May 2012. Banks are expected to repossess 20 percent fewer homes this
Good Signs for the Housing Recovery—but Good Enough? Read More
The Manufactured Housing Institute (MHI)’s weekly newsletter notes on June 16, the House Financial Services and General Government Appropriations Subcommittee approved a nearly $20 billion FY 2012 spending bill, two billion short of current levels. The bill includes provisions to limit the Dodd-Frank Wall Street Reform and Consumer Protection Act
Bill Would Give Congress More Control over CFPB Read More
The New York Times notes that while the term prefab or modular has long conjured images of cheap and flimsy, today’s builders are learning that modular construction uses the same materials as traditional building, and can save 20 percent in costs as well as months of construction. In Philadelphia, an
Modular Construction Preferred in Pennsylvania and New York Read More
