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 Federal Register of March 3 notes a directive from the Obama Administration for the Department of Housing and Urban Development (HUD) to review its regulations to determine if they are “outdated, ineffective or excessively burdensome.” President Obama’s Executive Order 13563, issued Jan. 18, 2011, “Improving Regulation and Regulatory Review,” […]
Executive Order Calls for Public Comments on HUD Policies Read More
Forbes magazine says that Warren Buffett’s Berkshire letter to his shareholders did not garner much press coverage about his ownership of Clayton Homes, which is doing pretty well compared to other manufactured home producers. Despite the fact that Clayton’s customers generally have low credit scores, the percentage net loss for
Buffett Says Clayton’s Careful Loans Maintained Solvency Read More
According to the Los Angeles Times, by the end of March, 20 prefabricated homes ranging in size from 400- 1000 square feet will take their place inside a community of factory-built homes. Los Angeles designer Marmol Radziner Prefab, Golden West Homes and the city of Santa Monica collaborated on this affordable housing
Prefab Homes Project the Result of Collaboration Read More
Home Start was founded in 2004 to ensure affordable housing on Peak’s Island in the Casco Bay just east of Portland, Maine. The Inter Island News reports the organization bought a 16,000 square foot plot of land in 2007 and is set to erect three modular homes on the site. Architects
Peak’s Island Modular Homes Reflect Colonial History Read More
GreenAnswers.com makes a strong case for the eco-friendly features that can comprise prefabricated home. In terms of time, energy, and materials used, this blueprint of production is more efficient than stick built. Highly efficient fixtures, appliances, and heating/cooling systems save money and energy. Reclaimed materials are utilized when possible, cachement
Environmentalists Like Prefab Home Efficiency Possibilities Read More
The Dow was up 8.78 percent to finish the day at 12,066.80, despite oil prices jumping above the $100 mark. Cavco finished up 6.29 percent, Nobility Homes added 4.87 percent and Skyline Corp. finished up 3.57 percent. Deer Valley was unchanged. The Manufactured Housing Composite closed up 5.01 percent at
Dow and Most Housing Stocks Spike Upwards Read More
As reported in Milwaukee’s The Business Journal, the loud news currently coming from Madison, Wisconsin, is the bitter debate in the legislature over collective bargaining. The good news in Governor Scott Walker’s budget proposal is the exemption from sales and use taxes of “modular and manufactured homes that are sold
Wisconsin Budget to Promote Manufactured Housing Read More
A real estate broker in Phoenix says he has sold three manufactured home communities in the last two months to out-of-state investors. Russ Warner says the growing senior presence and the stability of the investment are fueling demand across the country. He notes that investors who have left this portfolio
Manufactured Home Communities Sell in Phoenix Read More
Cavco Industries successfully pulled off its takeover of bankrupt Palm Harbor Homes through its subsidiary, Fleetwood Homes, for $83.9 million at a bankruptcy auction March 1. Fleetwood, which is 50 percent owned by Cavco and 50 percent by Third Avenue Value Fund, will acquire essentially all of Palm Harbor’s assets,
Fleetwood Homes Wins Palm Harbor Bid in Court Read More
In 1960, John and Charlotte Gunter arrived in Santa Rosa, pulling a 26-foot factory-built home from Kentucky, reports the PressDemocrat.com. They began GV Custom Modular Construction in their home in 1972, and over the next 40 years, developed a multi-million dollar business constructing modular homes, classrooms, and buildings for customers
Industry Pioneer John Gunter Dies Read More
A rent control ordinance at a factory-built community in Coleta, California, may propel a lawsuit to the U.S. Supreme Court. The community’s owner, real estate tycoon Daniel Guggenheim, attempted to convert the land into condominiums, and told the residents they either had to purchase their home sites or eventually lose
Rent Control Issue May Get High Court Hearing Read More
Oil prices nearing the $100 mark sent major markets down over 1 percent, as the Dow fell 1.38 percent to close at 12058.02. Cavco lost 5.68 percent, Skyline was down 3.88 percent and Nobility Homes lost 2.44 percent. Deer Valley, so volatile recently, was unchanged. The Manufactured Housing Composite lost
Dow, Housing Stocks Decline Read More
From Arizona, the Hot Springs Star reports that with 32 homes under contract, the newest modular home manufacturer in the state expects to hire 50 to 70 people when their new facility opens. Mammoth Homes, in Fall River County, South Dakota, is taking advantage of recent changes in property tax
South Dakota Adds a Modular Homes Builder Read More
One day before the House Financial Services Committee holds a hearing on the impact of Dodd-Frank on small business lending, the U.S. Chamber of Commerce, along with the Manufactured Housing Institute (MHI) and other business groups, proposed recommendations for the new Consumer Financial Protection Bureau (CFPB). According to MHI, the
MHI and U.S. Chamber Suggest CFPB Guidelines Read More
ABC News reports that in the far northern remote areas of Australia, called the “Top End,” it is 30 percent less expensive to have modular homes brought in to replace substandard ones than it is to build. The East Arnhem Shire Council’s Ty Johnson said the first of seven cement
Modular Homes Coming to Remote Australia Read More
According to YAHOO! Finance, Warren Buffett had this to say in his annual letter to Berkshire shareholders, on the heels of acquiring railroad Burlington Northern Santa Fe: “Our elephant gun has been reloaded, and my trigger finger is itchy.” He acquired Burlington for $44 billion just over a year ago,
Warren Buffett Going Big Game Hunting—Again Read More
PR Newswire reports from Tampa, Florida, that with tight credit and higher down payments required for home buyers, the rental market is increasing in factory-built communities across the Sunshine State, driving up their value. Because of the real estate boom, some communities have been converted to other commercial use, leaving
Value of Florida Communities on the Rise Read More
As part of the Obama Administration’s Partnership for Sustainable Communities, which is encouraging cities across the country to develop more housing choices, Department of Housing and Urban Development (HUD) and National Endowment for the Arts (NEA) officials met in Miami Feb. 18 with representatives of 125 business and civic entities. As
HUD Lays Groundwork to Develop Thriving Communities Read More
The Dow ended the day up 95.89 points to close at 12,226.34, the third straight month of gains. Most housing stocks closed up as well. Deer Valley was up 48.59 percent, Nobility Homes gained 2.63 percent, Cavco was up .67 percent. Skyline dropped 1.13 percent. The Manufactured Housing Composite gained
Dow, Most Housing Stocks, Close Up Read More
In speaking at Cleveland State University in Ohio, Feb. 22, at a forum on entrepreneurship and the future of small business, President Barack Obama explained that large businesses are important to our economy because they employ thousands of people. As reported in the Cleveland Plain Dealer, he noted that they
President Obama Says Small-business Innovation Is Key to Progress Read More
