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.
After three days of gains, the Dow closed down 27 points Thursday ahead of Friday’s jobs report. Most manufactured housing and related stocks also closed down. Most closed only modestly lower with Cavco, Drew Industries, Nobility Homes and Universal Forest Products logging small gains. The Manufactured Housing Composite Value moved […]
Charm of New Year Fades as Dow Closes Down Read More
The Baptist Standard reports that a group called Help Build Hope Haiti is working to bring 5,000 homes to the nation still recovering from last year’s earthquake. The story indicates Help Build Hope Haiti organizers want to build 5,000 permanent homes and equip 5,000 Haitians to rebuild their country. The
5,000 Modular Homes Coming to Haiti Read More
Joe Kelly at the Iowa Manufactured Housing Association alerted us to another story about manufactured homes making the pages of the Des Moines Register. MHMSM.com recently responded to a story in the paper about fire safety in manufactured homes, pointing out mis-use of terminology. The use of the terms showed
Newspaper’s Use of Terms Improves Read More
From Arizona, the Portales News-Tribune reports the City of Portales is on track to issue the same number of building permits this fiscal year as last year. The permits are based on fiscal years, which run July through June. According to records, the city issued permits for 20 single-family dwellings
Arizona Reports on Permits for Manufactured Home Replacement Read More
A new Colorado law requires builders of new homes to present buyers with the opportunity to select water-efficient appliances and fixtures up front. From a post on the website of Baravista Homes, we learn the intent of this law is to encourage water conservation by making sure that customers have
Colorado Requires Water Smart Options Read More
Freddie Mac released the results of its Primary Mortgage Market Survey Thursday showing lower mortgage rates for both long- and short-term rates. The 30-year fixed-rate mortgage (FRM) averaged 4.77 percent with an average 0.8 point for the week ending January 6, down from last week when it averaged 4.86 percent.
Mortgage Rates Decline Read More
From Housingwire comes a report from Altos Research that home prices were down 1.63 percent in December and new listings were entering the market with an even steeper decline. The report indicates prices fell in each of the 27 markets studied by Altos. Prices fell 4.77 percent in San Francisco,
Housing Prices Decline in December Read More
Rep. Michele Bachmann (R-Minn.) introduced legislation Wednesday that would repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill, which President Obama signed into law in July, represents the most extensive overhaul of financial regulations since the Great Depression. Bachmann says the law grossly expanded the federal government
Bachmann Pushes for Frank-Dodd Repeal Read More
Now we can say three times is a charm. Three days into the New Year and the Dow Jones Industrial Average has recorded three days of gains. Stocks added another 31 points Wednesday to close at 11,722.89. Deer Valley and Universal Forest Products closed down, but other stocks on our
Shares Record Third Day of Gains Read More
From Minnesota, the Free Press reports that the city of St. Peter is planning to participate in a pilot program aimed at upgrading or demolishing mobile homes. The report indicates the plan would provide both rehabilitation incentives for homeowners with homes built to the HUD Code and buyout assistance for
Minnesota Town Looks to Upgrade Homes Read More
From Arizona the San Pedro Valley News-Sun reports there’s less red tape involved with installing manufactured homes in the community of Benson. The report says the city council there approved an Inter-Governmental Agreement between the city and the Arizona Department of Fire, Building and Life Safety, Office of Manufactured Housing
From Arizona, Lower Costs and Less Red Tape Read More
From the Terrace Standard of British Columbia comes a story about the completion of modular housing units for disabled seniors. The 24 modular units were constructed by Langley-based Britco, and were brought up from its Penticton plant in June. Work on the siding, footings, plumbing, electrical, roofs, beams, landscaping and
Modular Units for Seniors Nearing Completion Read More
USA Today ran an article Wednesday on the ten best green homes if 2010, including an over-all winner. Number seven on the list was a home in St. Paul, Minnesota, one of a dozen models designed by Hive Modular, a Minneapolis-based prefab company, and built by a factory partner. The paper
USA Today Names Top Green Houses Read More
From Long Island, New York, the Riverhead News-Review ran a story this week titled “Who knew a modular home could look this good?” As the report relays, Roy Dower decided to fix his family’s waterfront property in Flanders for his aging mother, but wranglings with Southampton Town made him decide
Wrangling Sends New Yorker from Remodel to Modular Read More
Once… Twice… the Dow posted gains for a second time in the New Year on Tuesday, closing up more than 20 points following a day of big gains on Monday. The Manufactured Housing Composite Value, however, declined a third of one percent. Gainers for the day included All American Group,
Dow Posts Gains, Most MH Stocks Down Read More
Insurance Networking News reports that Moody’s has assigned an Aa2 rating to $1.5 billion of senior unsecured notes being issued by Berkshire Hathaway Finance Corp. Net proceeds are expected to be used to repay a like amount of BHFC notes maturing in January 2011. Moody’s says the rating outlook for
Moody’s Rates Berkshire Notes Read More
UMH Properties, Inc., announced this week that it will be presenting at Sidoti & Company’s 2011 Semi-Annual Micro-Cap Conference on Monday, January 10, 2011. The Forum will be held at The Grand Hyatt in New York City. Eugene W. Landy, Chairman of the Board, and Michael P. Landy, Vice President
UMH to Present at Sidoti & Company’s Micro-Cap Conference Read More
Iowa Manufactured Housing Association Executive Vice President Joe Kelly says the city of Des Moines is concerned about how older factory-built homes are sold on contract. The City Attorney, Bruce Bergman, expressed to Kelly that Des Moines is considering requiring all community owners, if they are selling a home in
Des Moines Considering Regulatory Changes in MH Titling and Inspection Read More
The Associated Press reports New Orleans officials have told the last remaining residents of the temporary housing units known as “FEMA trailers” to be out by the start of 2011. Residents told the reporter that meeting this deadline will be difficult. At one point, some 23,000 homes were in the
New Orleans Looks to Turn Page Past Katrina and “Trailers” Read More
The new appointees announced by HUD on January 3, 2011 to the Manufactured Housing Consensus Committee as reported by the Manufactured Housing Association for Regulatory Reform are: (1) William Freeborne, described by HUD only as a “retired engineer,” who will be joining the “General Interest and Public Officials” group, becoming
New MHCC Members Appointed Read More
