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.
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
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
Sam Zell Sees Inflation Rising, Columbia as Good Growth Potential Read More
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
Dow Begins the Week Slightly Down, as Housing Stocks Close Mixed Read More
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
Clayton Donation Made to Fight Hunger Read More
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
First Alabama Tornado Victims Move into FEMA Homes Read More
In following up on stories published here May 3 and May 5 ,The Los Angeles Central Coast Democrat reports that California Assembly member Bill Bonning (D-Carmel) is delaying his Assembly Bill 579 (AB 579) that would reimburse local governments legal fees when their rent control laws, or other regulations regarding
Bill to Reimburse Local Governments for Rent Control Challenges on Hold Read More
The Board of Directors of the Manufactured Housing Institute of South Carolina (MHISC) has developed a four-pronged approach to increasing sales of manufactured homes, according to Executive Director Mark Dillard. 1) Appraisals. Noting that appraisers are not always thorough in gathering comps for manufactured home sales, the association has been
MHI of South Carolina Launches Marketing Initiatives Read More
The National Association of Home Builders (NAHB) says builders’ confidence in the market for new single-family dwellings has not changed in six of the last seven months, according to the NAHB/Wells Fargo Housing Market Index (HMI). Said NAHB Chief Economist David Crowe, “Asked to identify reasons that potential customers are
Survey Says Builders’ Expectations for New Home Construction Flat Read More
In correspondence with MHMSM, Joe Kelly, Executive Director of the Manufactured Housing Association of Iowa, says state law requires each Land Lease Community (LLC) to file an annual report with the county treasurers by June 1 with the name of each home owner and the home mailing address. Says Kelly:
Iowa Filing Due June 1 Read More
