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 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 […]
Rays of Hope in the Housing Market Read More
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
SC County May Expand Manufactured Housing Areas Read More
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
Architect Designs Modular Home, Starts Business Read More
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
Report from Maine’s Oxford Hills Home Show Read More
The stock market was closed April 22 in observance of Good Friday.
Dow Closed for Good Friday Read More
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
Seattle Firm Has Its Eye on Multi-family Modular Read More
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
New Federal Program to Finance Energy Efficiency Read More
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
Tornado Inflicts Heavy Damage in Raleigh, NC Read More
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
Domestic Drywall Possibly Problematic Read More
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.
RV/MH Hall of Fame Museum Making Way for Rentals Read More
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
Texas Housing Market More Stable than Elsewhere Read More
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
Wood Products Stock is Rising Read More
From Texas, the Beaumont Enterprise reports State Farm Insurance canceled the homeowner’s policy of Jon and Beverly Nicholas, and not because of a claim or having done something wrong. Despite their 35-year relationship with State Farm, which gave them a discount for several policies, this couple’s factory-built home in Lumberton,
Aging Factory-built Homes May Lose Coverage Read More
CNNMoney.com/Fortune report that while deposits increased at three of the four largest banks, loan balances dropped in what the banks called recovery from the housing crisis. Loans declined seven percent over the last year, while deposits at the four largest increased five percent. Citibank’s (NYSE:C) loans are down 13 percent
Banks Swimming in Cash, Few Borrowers Getting a Drink Read More
