Manufactured and Modular Housing News

Dow Gains After Three Days Down, Most Housing Stocks Follow Read More

Dow Gains After Three Days Down, Most Housing Stocks Follow

By Matthew Silver / May 18, 2011 May 18, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

The Dow ended three days down, gaining 80.6 points as tech shares and energy stocks bolstered trading, ending the day at 12,560.18. Most housing stocks also closed up. MSCI gained 2.29 percent, Cavco was up 2.27, Palm Harbor Homes moved up 2.17 percent, Skyline Corporation added 2.11 percent, Sun Communities …

Cavco is Undervalued According to SmarTrend Analysis Read More

Cavco is Undervalued According to SmarTrend Analysis

By Matthew Silver / May 18, 2011 May 18, 2011 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, Stocks

Zacks reports that SmarTrend says of the five companies in the home building industry with the highest Price to Last Quarter Annualized (LQA) Sales ratios, Cavco Industries (NASDAQ:CVCO) ranks third with a Price LQA Sales of 1.46x. The formula is used to compare comparable companies and the lower the ratio, …

Town Wants to Include LLC Homes in Affordable Housing Inventory Read More

Town Wants to Include LLC Homes in Affordable Housing Inventory

By Matthew Silver / May 18, 2011 May 18, 2011 / Factory-Built Homes, Legal, Manufactured and Modular Housing News, news-at-noon, regulation

In a follow-up to our story published May 2, the Daily News reports the Salisbury, Massachusetts, Town Council voted to ask the state legislature to amend the Chapter 40B housing law so factory-built homes that have not moved in 20 years can be counted towards the town’s inventory of affordable …

New Agency Simplifying Mortgage Application Read More

New Agency Simplifying Mortgage Application

By Matthew Silver / May 18, 2011 May 18, 2011 / home buyers, Manufactured and Modular Housing News, news-at-noon, regulation

HousingWire reports that Elizabeth Warren and the Consumer Financial Protection Bureau (CFPB) unveiled two prototype mortgage disclosure forms intended to add transparency and simplification to consumers’ mortgage shopping process. Part of CFPB’s Know Before You Owe program, the samples will be tested in six different markets around the country this …

May 18 2011May 18, 2011

Survey of American Residents Echos the Experts: Housing Market Floundering

By Matthew Silver / May 18, 2011 May 18, 2011 / Business, Economy, home buyers, Manufactured and Modular Housing News, news-at-noon

Bloomberg reports that Trulia, Inc., and RealtyTrac, Inc., say a survey of American homeowners and renters reveals that 54 percent do not expect the housing market to recover before 2014, an increase from 34 percent in November. According to 45 percent of the respondents, the government is not working hard …

Survey of American Residents Echos the Experts: Housing Market Floundering Read More

ATCO to Provide Modular Housing in Australia Read More

ATCO to Provide Modular Housing in Australia

By Matthew Silver / May 18, 2011 May 18, 2011 / Business, Manufactured and Modular Housing News, Modular, news-at-noon

EIN Presswire reports that ATCO Structures and Logistics (ATCO) has been chosen to provide 800 modular housing units for the Queensland Curtis Liquefied Natural Gas (QCLNG) Project to be built on Curtis Island, Queensland, in Australia. ATCO was chosen by the engineering giant, Bechtel Corporation, to provide the temporary accommodations …

HUD Providing Assistance for South Dakota Flood Victims Read More

HUD Providing Assistance for South Dakota Flood Victims

By Matthew Silver / May 18, 2011 May 18, 2011 / Manufactured and Modular Housing News, news-at-noon

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced the agency will provide federal disaster assistance to homeowners and low-income renters in 28 counties in South Dakota following floods that forced people from their homes in March. President Obama issued a disaster declaration last week for these counties. The …

Dow Falls Second Day in a Row, Housing Stocks are Mixed Read More

Dow Falls Second Day in a Row, Housing Stocks are Mixed

By Matthew Silver / May 17, 2011 May 17, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

The Dow fell .55 percent on fears about the economic recovery to close at 12,479.58, while housing stocks closed mixed. Deer Valley gained 11.11 percent, Nobility Homes was up 2.74 percent, Sun Communities increased 1.68 percent and UMH moved up .90 percent. Palm Harbor Homes fell 23.33 percent, Skyline Corporation …

May 17 2011March 14, 2013

LLC Owners To Abide by Rent Control in California

By Matthew Silver / May 17, 2011 March 14, 2013 / Communities, Legal, Manufactured and Modular Housing News, news-at-noon, regulation

Following up on an article we published March 2, the Los Angeles Examiner reports the U.S. Supreme Court has confirmed the December 2010 Ninth Court of Appeals ruling that rent control in California’s Land Lease Communities is constitutional. In Guggenheim versus City of Goleta, Guggenheim argued that rent control constitutes …

LLC Owners To Abide by Rent Control in California Read More

Housing Analyst Predicts Turnaround Still Several Years Out Read More

Housing Analyst Predicts Turnaround Still Several Years Out

By Matthew Silver / May 17, 2011 May 17, 2011 / Business, Economy, Manufactured and Modular Housing News, news-at-noon

Forbes reports that A. Gary Shilling says avoid thinking the housing market is the key to economic recovery. The housing market continues to flounder because like any goods-driven sector of the economy, the supply outweighs the demand, which pushes prices downward. There is a surplus of 2 to 2.5 million …

Housing Starts Continue to Bounce in a Rut Read More

Housing Starts Continue to Bounce in a Rut

By Matthew Silver / May 17, 2011 May 17, 2011 / Business, Economy, Manufactured and Modular Housing News, news-at-noon

According to HousingWire, the Commerce Department says on a seasonally-adjusted basis, housing starts fell nearly 24 percent from 687,000 in April of last year to 523,000 this past April. Month-to-month housing starts fell 10.9 percent, March to April this year. Analysts had expected a range of 530,000 to 583,000 homes …

Modular Variance Petitioners Fail to Appear, Requests Denied Read More

Modular Variance Petitioners Fail to Appear, Requests Denied

By Matthew Silver / May 17, 2011 May 17, 2011 / Manufactured and Modular Housing News, Modular, news-at-noon, regulation

Bartlesville Radio KWON reports the Dewey City Council in the northeast corner of Oklahoma held two public hearings seeking variance requests from two people for modular homes to be sited inside city limits. Neither presenter appeared, and since the council could not get any information about the size, number of …

Ban on Additional Pre-HUD Code Homes on Texas Agenda Read More

Ban on Additional Pre-HUD Code Homes on Texas Agenda

By Matthew Silver / May 17, 2011 May 17, 2011 / Factory-Built Homes, Manufactured and Modular Housing News, news-at-noon, regulation

Following up on an article we published May 4, The Huntsville Item says the Huntsville City Council will hold its third hearing prohibiting the placement of factory-built homes built before June 1976 (a.k.a., pre-HUD Code) inside the city limits of this east central Texas town. The proposed ordinance also would …

Sam Zell Sees Inflation Rising, Columbia as Good Growth Potential Read More

Sam Zell Sees Inflation Rising, Columbia as Good Growth Potential

By Matthew Silver / May 17, 2011 May 17, 2011 / Business, Communities, Manufactured and Modular Housing News, news-at-noon, People

Benzinga reports Sam Zell, Chairman of Equity Group Investments, and parent company of Equity Lifestyle Properties (NYSE:ELS), the largest Land Lease Community (LLC) owner in the nation, says the Obama administration has deliberately hampered growth in the business community by sending mixed signals. Noting we are contributing to inflation in …

Dow Begins the Week Slightly Down, as Housing Stocks Close Mixed Read More

Dow Begins the Week Slightly Down, as Housing Stocks Close Mixed

By Matthew Silver / May 16, 2011 May 16, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

Investors lost confidence due to oil prices and the debt problem in Europe to fall 47.38 points and close at 12,548.37, while housing stocks closed mixed. Palm Harbor Homes gained 20.00 percent, Nobility Homes was up 1.74 percent, and ELS gained .20 percent. Meanwhile, UMH fell 1.1.58 percent, Cavco lost …

Clayton Donation Made to Fight Hunger Read More

Clayton Donation Made to Fight Hunger

By Matthew Silver / May 16, 2011 May 16, 2011 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, People

Blount Today reports that Jim and Kay Clayton have made a donation of $500,000 through the Clayton Family Foundation to the Second Harvest Food Bank in Maryville, Tennessee, where Clayton Homes and Clayton BanCorp are headquartered. The funds will be used to renovate a warehouse Second Harvest is buying for …

First Alabama Tornado Victims Move into FEMA Homes Read More

First Alabama Tornado Victims Move into FEMA Homes

By Matthew Silver / May 16, 2011 May 16, 2011 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, news-at-noon

The Times Daily reports from Franklin County, Alabama, that Savannah Swinney and her family are the first in Alabama to move into a FEMA factory-built home. She and her daughter sought shelter in the closet of their apartment, which was heavily damaged by the tornado that carried winds up to …