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.
From The Seattle Times in Washington State comes word that the head of one of the city’s most prominent real estate investment companies has begun a start-up to build modular apartments, military housing, motels, and student housing. Dale Sperling, former CEO and president of Unico Properties, which manages 15 million …
Conventional Commercial Builder Switches to Modular Read More
My North reports a Traverse City, Michigan, contractor offers a 725 square foot modular home he can assemble in a day. Drew Craven uses Structural Insulated Panels (SIP) for the sides, a corrugated metal slanted roof concealing a second bedroom, and sliding barn doors that seal the home’s windows, but …
Contractor Offers Modular Homes Assembled in 12 Hours Read More
Housing Wire reports a Mortgage Bankers Association (MBA) official predicts the 4.5 million distressed properties on the market will prevent a full housing market recovery for four to five years. Michael Fratantoni, vice-president of economics and market research, says some areas may experience recovery sooner, like Washington, D.C. and Texas. …
Globe Newswire says Cavco Industries, Inc. (NASDAQ:CVCO), one of the largest manufacturers in the U.S. of manufactured homes, is set to issue its fourth quarter fiscal year 2011 earnings report after the close of the market on Thursday, May 5. A live webcast will follow the next day, Friday, May …
Market Wire reports from Deer Valley’s corporate headquarters in Tampa, Florida, that their production facility in Guin, Alabama, was not damaged by the tornadoes last week, but they did lose communications and power for a day. All utilities were restored, and the facility reopened Monday, May 2, according to Charlie …
Deer Valley’s Alabama Factory Unharmed by Area Tornadoes Read More
The San Diego Union-Tribune reports Jerry Kern, city council member of Oceanside, California, wants to phase out rent control in the city’s 19 land lease communities with the proposal applying only to new residents. The current ordinance is administered by the city and limits rent increases to a percentage of …
Stocks fell slightly .02 percent on news of economic reports, following news of Osama bin Laden’s death, to close at 12,807.36. Most all housing stocks closed down, except Palm Harbor, which gained 20.69 percent. Cavco dropped 3.74 percent, Sun Communities fell 1.51 percent, MSC dropped .31 percent, Equity Lifestyle Properties …
U.S. Stocks Slip Slightly, Housing Stocks Mostly Stumble Read More
American Market & Business News reports Drew Industries, manufacturer of components for the manufactured housing and RV Industries, announced their quarterly revenue gained 15.80 percent for the first quarter 2011 over the same period 2010. The company said earnings for 2010 were .30 cents per share, as opposed to .42 …
Drew Industries Registers Gains Quarter Over Quarter Read More
The Daily News of Massachusetts reports that officials in Salisbury are trying to include pre-HUD code housing that has not been moved in 20 years in their housing stock in order to meet the requirements for affordable housing under Chapter 40B housing laws of 1969. The state has said in …
City Wants to Include Pre-HUD Code Housing in Figures Read More
From Alabama, the Birmingham News reports that Rep. Spencer Bachus (R-Ala.) has initiated legislation that would require new manufactured homes to have weather alert radios installed in them by the manufacturer. The same bill passed in the House in 2007, but it did not make it out of the Senate. …
Weather Radio in Manufactured Homes could Become Federal Law Read More
From Pennsylvania, Lancaster Online spoke with emergency management officials concerning tornado preparedness in southeastern Pennsylvania, in the wake of the devastating tornadoes in the southern U.S. The area has several land lease communities, and is the single area in the state where tornadoes historically have struck. The Lancaster County Emergency …
From North Carolina, the Fay Observer reports the Federal Emergency Management Agency (FEMA) will provide manufactured homes in North Carolina counties hardest hit by the April 16 tornadoes. In the 18 counties declared disaster areas by the federal government, there are almost 1,000 homes destroyed or uninhabitable that will receive …
Fox Business interviewed Warren Buffett, of Berkshire-Hathaway, and Kevin Clayton, CEO of Clayton Homes. Buffett remarked that it is good new housing has not gotten better because of the excess inventory of housing. He says when new home construction returns, employment will improve more than many people think. Kevin Clayton …
TULSA, OKLAHOMA. The 2011 Great Southwest Home Show is in full swing, and members of our MHMSM.com team are on hand to give you a sense of the excitement of this show. See Glimpses of the Great Southwest Home Show in Tulsa OK on The Masthead Blog for a video-photo …
Great Southwest Home Show in Tulsa OK Generates Excitement Read More
On strong earnings from blue chip manufacturer Caterpillar, the Dow gained 62.19 points to close at 12,810.16. In housing stocks, Equity Lifestyle Properties was up .10 percent, and Skyline Corporation gained .46 percent. Others closed down or flat: Sun Communities was minus .72 percent, Cavco dropped .68 percent, and both …
Following up on a news story from March 4, 2011, WSLS10 in Roanoke, Virginia, says the modular dormitory Ferrum College ordered in the spring was completely assembled in three days, as workmen set in place the last of the 42 units that comprise the building. College President Jennifer Braaten says, …
Forty-two Unit Modular Dormitory Assembled in Three Days Read More
From California, The Sun of San Bernardino County says that the City Council of Yucaipa released a 49-page report on new methods to monitor homesite rents at manufactured communities. The report was criticized for being twice as long as the ordinance itself, and also for pitting residents against community owners. …
Senior News reports that the American Association of Retired Persons (AARP) is trying to determine what kind of housing Boomers will want in the next 20 years, and what they can afford. The average age of people needing assisted-type care is 85, so that leaves a potential 20-year span for …
In a communication from Allen Hutto, General Counsel of the Manufactured Housing Institute of South Carolina (MHISC), MHMSM.com learned that the Institute has received a $20,000 grant from the state’s Energy Office to publicize Energy Star certified manufactured homes. The publicity begins next week on TV. Recently, the state legislature …
Energy Star Rating Gets Support from South Carolina Read More
Las Vegas, NV. At the recent MHI National Communities Council (NCC) Pre-Conference Forum in Las Vegas, NV, Dr. Henry Fishkind, one of Florida’s premier economic consultants, expressed to the attendees his perception of a three percent economic growth, retail sales rising and jobless rates going down. Noting that everyone is …
