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.
Stocks recouped value from their plunge January 28, closing above 12,000. Two stocks on our watch list, Skyline Corp and Global Diversified Industries, closed lower Tuesday, but they were the exception. Universal Forest Products closed up more than four percent, Barnes Group closed up more than three percent and Drew […]
Most MH Stocks Higher Tuesday Read More
Bloomberg News reported that Palm Harbor Homes filed an operating report showing a $5.3 million net loss on revenue of $12.7 million for December. Palm Harbor is to auction most of the business on March 1. Fleetwood Enterprises Inc., a venture between Cavco Industries Inc. and a fund advised by
Palm Harbor Reports December Loss Read More
The Manufactured Housing Institute (MHI) has hired Lisa Quinn Brechtel for the position of Vice-President/Executive Director of MHI’s National Communities Council. She will be dedicated to landlease community issues and programming. Ms. Brechtel comes to MHI from the National Association of Realtors (NAR), where she served as a Senior Policy
MHI Welcomes Lisa Quinn Brechtel as National Communities Council Exec Read More
Bloomberg News cited Commerce Department figures Tuesday indicating construction spending in the U.S. unexpectedly fell 2.5 percent in December to the lowest level in a decade. Bloomberg reports its estimate of surveyed economists called for a 0.1 percent gain. Construction spending decreased 10 percent in 2010, after dropping 15 percent
Construction Spending Unexpectedly Falls Read More
Fiserv, Inc. released an analysis of home price trends in more than 375 U.S. markets based on the Fiserv Case-Shiller Indexes. The company finds that in the third quarter of 2010, U.S. single-family home prices saw an average decrease of just 1.5 percent over the year-ago quarter, as a growing
Home Prices Begin Stabilizing Read More
Depending on which association you ask, a recent executive order on over-regulation is either a mandate for change or a simple political maneuvering. The White House issued an Executive Order earlier this month similar to one issued by President Clinton in 1993 to improve regulation and regulatory review. Following the
MHARR Hits HUD Hard With Executive Order, MHI Cautions Approach Read More
From Iowa, the Muscatine Journal reports the town may soon be home to a modular housing development, if Jason Harder has his way. Last year this developer purchased the 43 year-old Ripley’s Trailer Court, as well as a 38-acre adjoining pastureland, changed the name to Ripley’s Affordable Housing, and is
Manufactured Homes Coming to Muscatine Read More
Stocks moved up nearly 70 points on the last day in January after unrest in Egypt sent shivers through markets on Friday. Analysts say investors instead focused on the positive earnings news out of Exxon Mobil and rising commodity prices. Several manufactured housing and related stocks also logged gains. Most
Stocks Begin Week in the Green Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) provided a report this week from a conference call by the Technical Systems Subcommittee of the Manufactured Housing Consensus Committee (MHCC). The meeting addressed two key pending regulatory issues – sprinklers and ground anchors. Regarding fire sprinklers, MHARR reports the subcommittee confirmed
MHCC Subcommittee Discusses Fire Sprinklers, Ground Anchors Read More
From Texas, WacoTrib.com reports a Clayton Homes plant there has been honored with the 2010 President’s Cup award as the best overall plant in terms of satisfaction, profitability, sales and safety in the system. The plant has been operating since 1982. A second plant in the town earned the award
Waco Plant Wins President’s Cup Read More
Housingwire reports that RealtyTrac Senior Vice President Rick Sharga conveyed that major banks currently hold roughly 1 million homes repossessed through foreclosure, but only 30 percent have made it onto the market. The report also indicates foreclosure filings reached a new high in 2010 and should climb even higher this
Many Foreclosures in the Wings Read More
The Manufactured Housing Consensus Committee (MHCC) held its first meeting of 2011, under its new HUD-appointed Chairman, by telephone conference call on January 27, 2011. The Manufactured Housing Association for Regulatory Reform (MHARR), however, noted in an email with “continued HUD blunders” in the title, that because notice of the
MHARR Chronicles “Call of Blunders” Read More
The Manufactured Housing Consensus Committee (MHCC) held its first meeting for 2011 by teleconference Thursday and welcomed seven new members to the committee. The new members spent a day at HUD prior to the teleconference to receive an orientation. The MHCC meeting was primarily organizational and no actions or votes
MHCC Holds its First Meeting in 2011 Read More
The Cavco webcast of January 28 on their 2011 third quarter earnings reports produced reason for hope, solid financials and the proposed acquisition of Palm Harbor. Cavco, based in Phoenix, AZ is one of the three top producers of manufactured and modular homes in the country. President, Chairman and CEO
Stegmayer Says Demographics Favor Manufactured Housing Read More
‘Extreme Makeover: Home Edition’ has paired with Palm Harbor Homes to provide a beautiful, life-changing home for the Brown Family of Wellman, TX after their teen daughter Alex was killed last November while texting as she drove to school. The Browns have made it their mission to save lives by
Palm Harbor to Be Featured Builder on ‘Extreme Makeover: Home Edition’ Tonight Read More
The Arizona Republic ran a story this week about the efforts by Cavco to purchase bankrupt Palm Harbor Homes. The article notes that sales are at their lowest level in 50 years and Cavco is seeking to grow through purchasing another competitor. In August, 2009, Cavco bought Fleetwood Enterprises for
Stegmayer Talks to Arizona Paper about Palm Harbor Read More
Investors were shedding shares Friday as the Dow dropped 165 points or 1.3 percent. The Manufactured Housing Composite Value fared much worse, dropping more than five percent. Cavco was down almost seven percent. Skyline Homes ended down more than five percent. Universal Forest Products was down more than four percent.
Friday Sell-off on Wall Street Read More
Business relocation coach Joseph Vranich says a record number of companies left California in 2010, including Fleetwood Enterprises. 204 companies left the Golden State in 2010, four times the 2009 level. Fleetwood Enterprises, Inc. had been headquartered in Riverside, went bankrupt, has been partially revived as Fleetwood RV Inc. and
Record Number of Companies Leave California Read More
The Manufactured Housing Institute (MHI) says it is urging Congress to support the use of a rental voucher for the full cost of purchasing a manufactured home sited on leased land, by permitting funds to be used for both the cost of leasing the land, and for the monthly home
MHI Supports Section 8 Rental Housing Program Read More
The Manufactured Housing Institute (MHI) reports that on January 26, Reps. Ken Calvert (R-CA) and Joe Donnelly (D-IN) began circulating a “Dear Colleague” letter urging members of the U.S. House of Representatives to support the manufactured housing industry and millions of American families that rely on a manufactured home as
