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.
SmarTrend outlined its top five companies in the Residential Real Estate Investment Trust’s (REIT)’s industry as measured by the price to cash flow ratio. Three of the five involve manufactured housing communities. SmarTrend says Equity Lifestyle Properties has a price to free cash flow ratio of 13.7x based on a …
Cavco Industries announced it will release earnings for the third quarter of fiscal year 2011 on Thursday, January 27, 2011 after the close of market. Senior Management will discuss the third quarter results in a live webcast the following day, Friday, January 28, 2011 at 11:00 A.M. Eastern Time. Investors …
World Interior Design Network reports that The Architecture for Health In Vulnerable Environments (ARCHIVE), an international charity based in the US, recently announced the winners of a global architectural competition inviting architects, designers and health specialists for the building of ‘healthy homes’ for Haiti. The Haitian government-sponsored competition is intended …
Personal Finance Bulletin asks in an article Tuesday, can the recovering middle class aspire to owning a truly green, environmentally friendly home? The authors say part of the key is held by the housing industry, whose fortunes are likewise tied to the middle class and its aspirations to the American …
The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to work on a joint initiative, in coordination with FHFA and the Department of Housing and Urban Development (HUD), to consider alternatives for future mortgage servicing structures and servicing compensation for their single-family mortgage loans. Currently, a …
FHFA Announces Joint Initiative to Consider Servicing Compensation Alternatives Read More
A new report by Global Industry Analysts indicates the global prefabricated housing market had registered a moderate to flat growth during the period 2004 to 2007. The market witnessed a further blow in 2008 and 2009 due to the economic recession. However, the market is on the verge of recovery …
From Indiana and the Star Press comes a report that prefab homes are poised to take off as the economy improves. The article says more U.S. consumers and developers are turning to factory-built housing for speed, quality and energy efficiency. The prefab market, the article says, is positioning itself for …
Haven Custom Homes, a leader in the construction of custom modular homes for more than 40 years, officially announced its acquisition of a new production facility in Selinsgrove, Pennsylvania. The facility was previously part of Penn Lyon Homes, a modular home manufacturer who closed their doors last summer. The company …
Haven Custom Homes Officially Announces Acquisition of PA Facility Read More
Tinamarie Smith, president of the Manufactured Housing Association of Maine shared a letter with MHMSM.com she wrote in preparation for a meeting January 12th with Senator Olympia Snowe and Professor Elizabeth Warren, who is tasked with establishing the new Consumer Financial Protection Bureau (CFPB). The CFPB was created by the …
Maine Exec Asks Regulators to Understand MH Issues Read More
Those attending last week’s International Building Show (IBS) in Orlando have seen the future and it’s not in the suburbs. The Wall Street Journal published a piece this week on one focus of the event hosted by the National Association of Homebuilders: the urban preferences of generation Y. There’s a …
Outnumbering Boomers, Gen Y Wants Walkable Neighborhoods Read More
Housingwire reports that while Federal Reserve Bank of Boston President Eric Rosengren believes recent data show a recovery is finally taking root, he doesn’t expect the housing market to spur economic growth. “In many areas of the country, the impaired balance sheets of borrowers, high foreclosures and high vacancy rates …
The REI Bulletin reporting from the National Association of Home Builder’s (NAHB) International Building Show (IBS) indicates housing starts will see gradual improvements in 2011, establishing momentum for 2012. NAHB Economists told an audience at the show that job growth will provide a stronger stimulus to housing than last year’s …
Stocks moved higher Friday, marking seven straight weeks of gains. Cavco, Deer Valley, All American Group, Drew Industries and Universal Forest Products all recorded gains of one percent or more. Nobility Homes and Global Diversified Industries closed down. The Manufactured Housing Composite Value moved ahead 1.7 percent.
Any recipe for a housing rebound will include a revamp of Fannie and Freddie, at least according to Ben Bernanke. Housingwire reports the comments by the Federal Reserve Chairman Friday at a confab presented by the Federal Deposit Insurance Corp. The situation, Bernanke says, is set against a backdrop of …
No Housing Recovery without Fannie and Freddie Revamp Read More
The Federal Deposit Insurance Corporation recently held a forum on small lending to explore ways in which credit can be made more accessible to the small business sector. As a result of the forum and in recognition of the importance of available credit to small businesses, the FDIC announced the …
FDIC Announces Hotline for Small Businesses Regarding Availability of Credit Read More
Modular Home Builder reports that it has confirmed from several sources that Haven Homes is purchasing the former Penn Lyon factory in Selinsgrove, PA. This will be their third factory in central PA and they hope to open the plant in February.
AZJournal.com reports that Dale Call, the administrator of the Snowflake Arizona Planning and Zoning/Building Safety Department, made a presentation on a proposed overlay zone for manufactured homes at the Jan. 11 town council meeting. The report indicates the council has asked staff to research the feasibility of creating a new …
From the Manufactured Housing Institute’s Week in Review, House Ways and Means Committee Chairman Dave Camp (R-MI) has indicated that the committee will begin the process of overhauling the U.S. tax code, which has not undergone a fundamental retooling since 1986. The committee will hold its first hearing the week …
Exhibitors and attendees were heading home Friday from the Louisville Manufactured Housing Show. Promoters indicate the event was a resounding success with nearly 1,000 attendees. MHMSM.com Publisher and Marketing Director L.A. ‘Tony’ Kovach reports that “homes were sold, exhibitors were overall happy; attendees were in a good, upbeat mood.” More …
