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 closed slightly down today from mixed results among stocks, and in anticipation of the Federal Reserve statement scheduled for later this week. It finished the day minus 26.11 points to close at 12,479.88. In housing stocks, Nobility Homes gained 3.25 percent, Cavco and ELS were both up .37 …
Northern Nevada Business News reports the sale of new site-built and manufactured homes in mile-high Elko, Nevada, is up for the first quarter of the year over last year. Real estate agents sold 21 in the first quarter of 2011, 15 percent more than last year, and at an average …
The National Association of Home Builders (NAHB) reports sales of new single-family homes rose 11.1 percent in March to a seasonally-adjusted rate of 300,000 units, but the pace of new home sales was similar to the last six months of 2010. NAHB Chief Economist David Crowe said, “A limiting factor …
The Times and Democrat in Orangeburg, South Carolina, reports the Orangeburg County Planning Commission is considering a resolution to allow manufactured housing to become more widespread in town. Harold Young, Deputy Administrator of the Community Development Division, said there have been requests to locate more single-section manufactured homes in areas …
SmarTrend says the cash flow in two of the top five residential Real Estate Investment Trust (REIT)s are manufactured housing community owners. With a price per share of $58.18 and a free cash flow of $3.76 per share, Equity Lifestyle Properties (NYSE:ELS) has a price to cash flow ratio of …
Two of Five Best REITs are Top MH Community Owners Read More
The Miami Herald reports an architect’s quest for an ecofriendly home led to a business designing and building modular homes. Michelle Kaufmann wanted smart design, energy efficiency, water conservation, recyclable materials and a healthy indoor environment in her own home. She and her husband have developed a series of modular …
The Sun Journal reports Dana Connors, President of the Maine Sate Chamber of Commerce, saying that manufactured housing is no longer second best. He was speaking at the kickoff for the Oxford Hills Home Show in Oxford, Maine, April 15-17. Mary Anna Palmer of Alternative Modular Homes in Oxford wrote …
The Rapid City Journal in South Dakota reports a family, whose nine-year old son has a severe neurological disorder, has received a brand new manufactured home through the efforts of a local church and radio station. Tay-Sachs affects muscular control, preventing the boy from moving or speaking. Most children die …
Community Helps Family Buy Much-needed Manufactured Home Read More
From Washington, the Seattle Post-Intelligencer reports architectural firm CollinsWoerman has developed plans for a multifamily modular building above six stories with concrete floors and structural steel frame. The walls will be complete with electrical and plumbing fittings, water heaters, sheetrock and cabinetry, and will be assembled much like a Lego …
According to the Department of Housing and Urban Development (HUD), and with backing by the Federal Housing Administration (FHA), HUD had chosen 18 lenders from across the country to participate in an energy upgrade program for qualified borrowers. Power Saver low-cost loans can offer up to $25,000 to credit-worthy homeowners …
The Raleigh Public Journal reports the tornado that tore through North Carolina April 16 destroyed 63 single-family homes in Raleigh, according to the Raleigh Department of Inspections. Fifty percent more stick built homes than pre-HUD code homes were destroyed. Major damage occurred at 184 dwellings, and 851 suffered minor damage …
HousingWire reports there may be a problem with American-made drywall, not just drywall from China. The Consumer Product Safety Commission (CPSC), partnering with Environmental Health & Engineering (EH&H), tested 11 homes and found five of them had hydrogen sulfide emissions, as well as sulfur and copper sulfide buildup, which are …
Gazettenet reports from Northampton, Massachusetts, that a structure on the property of now former city councilwoman Angela Plassman may be in violation of the city’s building code. City Building Commissioner Louis Hasbrouck says if it is manufactured housing rather than a recreational vehicle, it would be in violation of the …
Alleged Manufactured Home May Be in Violation of Ordinances Read More
The 2011 Great Southwest Home Show in Tulsa has caught media attention, from state publications such as The Daily Oklahoman to national media such as MHMSM.com. A new Public Days website has been announced for general information at http://2011greatsouthwesthomeshow.com. Dozens of home and garden show style companies will be showcasing …
Tulsa’s 2011 Great Southwest Home Show in the News Read More
Strong earnings reports propelled the Dow to gain .42 percent to close up at 12,505.99, almost a three-year high. Housing stocks mostly closed down for the day. Sun Communities was up .59 percent, but Skyline Corporation lost 2.80 percent, Cavco was down 1.43 percent, Nobility Homes dropped 1.00 percent, United …
Dow Closes Near Three-Year High, Most MH Stock Down Read More
RVBusiness reports there has been no response from the GoRVing Coalition to the mid-April RV/MH Hall of Fame meeting that produced a plan for financial stability for the museum, located in Elkhart, Indiana. The coalition said it would end its $200,000 a year support unless a business plan was developed. …
HousingWire reports the Federal Reserve Bank of Dallas says the absence of large quantities of subprime loans in Texas may have kept the state from the depths of the housing crisis. Their percentage of foreclosures is half the level of the rest of the nation, and according to CoreLogic, the …
New Jersey reports that Mercer Mobile Home Park in Robbinsville, New Jersey, is being bought by a non-profit group, Allies Inc., with part of the funding coming from Robbinsville’s affordable housing public trust fund. The 140 homesite community will meet the city’s requirement for investing in affordable housing. Many of …
Factory-built Community to be Acquired by Non-profit Read More
Smallcap Network notes four suppliers of wood products have seen gains in their stock since last November. The Louisiana-Pacific Corporation (NYSE:LPX), which makes building products for manufactured housing, jumped from $7.90 a share to $9.45, a gain of nearly 20 percent. Leucadia National Corporation (NYSE:LUK) saw their stock price go …
