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.
Gulf Live reports from Ocean Springs, Mississippi that the Cottages at Oak Park, a 29-unit modular housing complex going up near downtown, will feature affordable one, two, and three bedroom homes, some two stories. The energy efficient homes will withstand 145 mile per hour winds, and will have steel roofs […]
Modular Homes Built to Withstand Hurricanes Read More
Statesman says Palm Harbor Homes announced it will close its Kyle, Texas, manufacturing plant in early June, idling 129 employees. The company filed bankruptcy last November, and was acquired by Cavco Industries through its Fleetwood subsidiary under a bankruptcy court auction in March for $84.9 million. Palm Harbor has eight
Palm Harbor Closing One of its Plants Read More
HousingWire reports that while the House Financial Services Committee has proposed eight bills to revamp Fannie Mae and Freddie Mac, securities broker Keefe, Bruyette & Woods (KBW) say the legislation will do little to promote mortgages moving to the private sector from the GSEs (government sponsored enterprises). Instead it deals
Republican Bills to Revamp GSEs Have Minor Impact Read More
Yahoo!Finance reports that Nobility Homes (NASDAQ: NOBH) received a letter of non-compliance from NASDAQ because the company did not timely file its Quarterly Report on Form 10-Q. It failed to comply with NASDAQ Listing Rule 5250 (c)(1) with the Securities and Exchange Commission (SEC) for the period ending Feb. 5,
Nobility Homes Non-compliant with NASDAQ Again Read More
HousingWire says the Obama administration’s housing scorecard shows gain, but not yet a win. Prime and subprime mortgage delinquencies, and Federal Housing Administration (FHA) delinquencies, all declined from a year ago. The Housing and Urban Development (HUD) and Treasury Departments, also said properties receiving a notice of default declined from
The Housing Bubble Continues to Bounce Read More
The Dow registered a small gain of .09 percent to close at 12,400.03. In housing stocks, Skyline Corp. gained 2.38 percent and Cavco was up 1.36 percent. Nobility Homes and Deer Valley remained flat. The Manufactured Housing Composite gained 1.54 percent to end the day at 1134.60.
Dow and Housing Stocks Keep Low Profile Read More
The 2011 Tunica Manufactured Housing Show wrap-up by our staff and guest bloggers features three blog posts with full-color photos and videos. Catch the feel of the Show and the magnificent homes and industry professionals that comprised this year’s event. Click the respective links to read The Masthead post by
Tunica Manufactured Housing Show Takes Top Billing Read More
Zacks reports that Encore Wire Corporation (NYSE: WIRE) saw revenue increase in the fourth quarter of 2010 to $265 million from $177 million for the same 2009 period. Encore makes a variety of copper electrical wire for residential and commercial building, including manufactured housing. Although copper increased 31 percent for
One Industry Component Doing Well Read More
Word on the street coming to MHMSM.com says the first quarter manufactured home shipments in 2011 continued to slide. “It will be a rough first quarter,” a normally reliable source said.
First Quarter Manufactured Housing Slip & Slide Read More
The Santa Cruz Sentinel says a large water pipe that ruptured underneath a factory-built housing community, followed by drenching rains, damaged several homes and drove all 26 residents from the flooded community in Capitola, California. The March 24 drenching forced an elderly man to climb a hill behind his
Rushing Waters Send CA Residents Streaming from Homes Read More
From Vermont, the Bennington Banner reports Barber’s Pond Mobile Home Park is being sold to settle two estates, and residents have 45 days to either buy it or find a non-profit to buy it. Come May 7, the owners must try to sell the Pownal, VT, property for no less
Community Residents Given 45 Days Read More
HousingWire reports mortgages classified as seriously delinquent fell at the end of 2010 to a level not seen since the second quarter of 2009, according to the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). Completed foreclosures decreased by almost 50 percent, and
Seriously Delinquent Mortgages Fall, but Increased Foreclosures Likely Read More
The Estevan Mercury says a new subdivision being planned to meet the housing needs of Estevan, Saskatchewan, Canada, will have a mix of conventional and modular homes in various styles. Located just north of the North Dakota line, the initial phase of the Meadows of Estevan calls for 100 home
Modular Homes Part of Large Subdivision in Canada Read More
The nation’s institutional investors are happy to see the latest wave of good economic news. The United States Bureau of Economic Analysis (BEA) reports that for the 4th quarter of 2010, the real gross domestic product (GDP), the value of all goods and services, increased 3.1 percent over the 3rd
Uplifting Signs of the Fourth Quarter 2010 Read More
The Dow gained 56.99 points on the government report of job growth to close the week at 12376.72. Skyline Corp. gained .80 percent, but Nobility Homes dropped 13.22 percent, and Cavco was down .75 percent. The Manufactured Housing Composite also fell 1.12 percent to end the week at 1117.30.
Dow Begins 2nd Quarter Up, Housing Stocks Mostly Down Read More
Yahoo!Finance says that although manufacturing grew for the 20th straight month, it cooled off slightly in March compared to February. According to the Labor Department, 17,000 manufacturing jobs were added last month, part of the 216,000 overall jobs added in March. Factory employment has accounted for 200,000 jobs in the
Manufacturing Sector Grows for Twentieth Straight Month Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) issued a press release announcing that John Bostick has been elected at their annual meeting in Tunica, Mississippi, to serve as chairman of the association. The president of Sunshine Homes of Red Bay, Alabama, he has been a board member since 1994,
MHARR Chooses John Bostick as New Head Read More
The News and Sentinel says Washington County, Ohio, has higher rates for the annual inspection and licensing fees for manufactured housing than adjoining Athens County. Because of a new state law, third-party inspectors can operate anywhere in the state. The Washington County Building Department in Marietta said it will lower
MH Inspection, Licensing Fees in Ohio No Longer Jurisdictional Read More
The Bulletin in Kimberley, British Columbia (BC), Canada, reports that six more modular housing units for seniors are coming to the Valley View Lodge to join the 35 units already occupied. Part of a $33 million project by the Mark Creek Lions Housing Society to provide housing for the
Seniors Get Modular Units in British Columbia Read More
HousingWire reports that Bob Ryan, chief risk officer at the Federal Housing Administration (FHA), has been picked as the acting commissioner of the Department of Housing and Urban Development (HUD). Outgoing commissioner David Stevens, who had appointed Ryan into the newly created position of risk officer in 2009, will head
HUD’s New Commissioner Moves Over from FHA Read More
