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 moved up and down most of the day to finally close slightly up .36 percent and end the day at 12605.32. In housing, Cavco gained 1.56 percent, Sun Communities was up .15 percent and ELS gained .14 percent. Palm Harbor Homes fell 10.64 percent, Nobility Homes lost 6.45 […]
Dow Jittery but Closes Up, Housing Stocks Mixed Read More
The Sacramento Bee reports in PRNewswire that UMH Properties, Inc. (NYSE Amex:UMH), is making a public offering of 1,000,000 shares of Series A Cumulative Redeemable Preferred Stock. The underwriters, J.P. Morgan Securities LLC, may also purchase up to 150,000 shares of the stock under a 30-day over-allotment option. UMH is
UMH Launches Preferred Stock Offering Read More
The Daily Herald reports that Columbia, Tennessee, will buy and raze eight blighted homes with a $500,000 grant from the Department of Housing and Urban Development (HUD), and install four modular homes intended for low-to-moderate income residents to buy. Each home will have three bedrooms and two baths, and will
HUD Grant to Replace Blighted Houses with New Modular Homes Read More
The Times & Transcript reports from the province of New Brunswick, Canada, that the Kent Homes plant in Bouctouche, New Brunswick, is creating 70 jobs under a $500,000 payroll rebate from the provincial government. This will bring the total workforce to 250 with a payroll of $9 million a year.
Canadian Modular Builder Adding Jobs Read More
The Nottingham News from Central England says Nottingham College and Eco-Modular Housing, Ltd, have collaborated to build a fully furnished modular home on the campus to teach students low carbon home construction. Made from old shipping containers, the prototype was completed from setting the base to turning on the power
British Company Building Modular Homes from Shipping Containers Read More
Following up on a story we published May 13, the Manufactured Housing Association for Regulatory Reform (MHARR) released a paper entitled “GSE Reform Legislation” documenting how a bill introduced in the House of Representatives would replace government-sponsored enterprises (GSEs) with five government-guaranteed, but ultimately private enterprise entities, and likely be
HR Legislation to Privatize and Streamline Mortgage Finance System Read More
Zacks reports that Encore Wire Corporation (NASDAQ:WIRE), which makes a variety of interior copper wire for manufactured housing, apartment, home building, and commercial industries, has managed to prosper in spite of the housing crunch, even outpacing Zacks’ expectations. Eighty percent of its revenues are from non-residential building. The spread between
Manufactured Housing Wire Supplier on Uptick Read More
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
Dow Gains After Three Days Down, Most Housing Stocks Follow Read More
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,
Cavco is Undervalued According to SmarTrend Analysis Read More
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
Town Wants to Include LLC Homes in Affordable Housing Inventory Read More
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
New Agency Simplifying Mortgage Application Read More
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
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
ATCO to Provide Modular Housing in Australia Read More
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
HUD Providing Assistance for South Dakota Flood Victims Read More
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
Dow Falls Second Day in a Row, Housing Stocks are Mixed Read More
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
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 Analyst Predicts Turnaround Still Several Years Out Read More
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
Housing Starts Continue to Bounce in a Rut Read More
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
Modular Variance Petitioners Fail to Appear, Requests Denied Read More
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
Ban on Additional Pre-HUD Code Homes on Texas Agenda Read More
