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.
Housingwire reports that three of six upcoming House Oversight investigations involve housing finance. Darrell Issa (R-Calif.), the new House Oversight and Government Reform Committee Chairman, indicates the investigations will include the role of Fannie Mae and Freddie Mac in the foreclosure crisis, the effect of business regulations such as the […]
Republican Issa Wants to End Fannie and Freddie Subsidies Read More
U.S. Chamber President and CEO Thomas J. Donohue, presented remarks on the state of American Business today at a National Chamber Foundation event in Washington, D.C.. In his remarks, Donohue says he is cautiously optimistic that the recovery will continue and pick up steam as the year progresses. Overall, he
U.S. Chamber Exec Warns of Regulatory Tsunami Read More
From Kansas, the Salina Journal reports community owners are concerned about the city’s effort to clean up some of the town’s 13 mobile home parks. According to the report, Salina’s director of community and development services, told commissioners that city staff found caved-in roofs, missing doors, steps and skirts and
Salina Seeks Solution to Condition of Older Units Read More
Concerns in Europe sent stocks lower Monday with the Dow closing down 37 points. That marked improvement from earlier in the day when it was down 100. Most manufactured housing and related stocks were off as well. Skyline Corporation was down more than four percent and Nobility Homes was off
Stocks Enter Second Week of 2011 Lower Read More
SmarTrend reports it has identified an Uptrend for Sun Communities on July 27, 2010 at $29.40. The website says in approximately five months, Sun Communities has returned 15 percent. The site says the company is trading 97 percent above a 15-week low price.
SmarTrend Says Sun Communities Has Bright Outlook Read More
NaplesNews.com reports LeeCorp Homes Inc. is hosting a grand opening featuring Jacobsen Homes 2011 models on Saturday, Jan. 15 at its model center in Estero, Florida. Jacobsen Homes is based in Safety Harbor, Florida and has been building manufactured homes since 1959. LeeCorp Homes is Southwest Florida’s exclusive dealer of
New Jacobsen Models to Be On Display Read More
From Tennessee, Blount Today reports that David Schwall, 39 Vice president of marketing, Clayton Homes will soon be honored for leaving his mark on East Tennessee through professional achievements and philanthropic efforts. Schwall will be honored January 11 at the Knoxville Convention Center for his application of technology to increase
Clayton Technology Guru Honored Read More
Factory-built housing could save the world. Russian architect Alexander Remizov has come up with a design that resembles a slinky and could house up to 10,000 people. As reported on CNN, the floating dome referred to as “The Ark,” is designed to be constructed from timber, steel and high-strength ETFE
Russian Design Takes Factory-Built Housing to the Next Level Read More
A decision by the Supreme Judicial Court of Massachusetts will void the seizure of two homes by Wells Fargo and US Bancorp. CNBC reports the unanimous decision holds that the banks lacked authority to foreclose on two houses they seized back in 2007. The court held that the plaintiffs had
Court Slams Banks on Foreclosures Read More
Teresa Payne is Associate Deputy Assistant Secretary, Office of Regulatory Affairs, Department of Housing and Urban Development. The popular interview format of “A Cup of Coffee with…”, in which Industry In Focus Reporter Eric Miller asks the questions, is the means Ms. Payne has chosen for sharing Industry information with
Teresa Payne of HUD Gives Exclusive Interview to MHMSM.com Read More
Drew Industries, a manufacturer of components for the recreational vehicle and manufactured housing industries, announced Friday President and CEO, Fred Zinn, and CFO and Treasurer, Joseph Giordano III, will present at Retail Investor Conferences.com. This will be a live, interactive online event where investors are invited to ask the company
Drew Industries Invites Investors to Virtual Conference Read More
Bloomberg News reports that Addison, Texas-based Palm Harbor Homes won court approval to hold an auction to sell its assets with an initial offer of about $58 million. U.S. Bankruptcy Judge Christopher Sontchi approved the rules and procedures that would govern the company’s proposed March 1 auction. Bloomberg says Sontchi
Judge Sets Palm Harbor Asset Auction for March 1 Read More
From Virginia, the Mount Vernon Gazette reports a controversial project to construct a manufactured home community for low-income residents of Fairfax County is about to move forward. The project has been on the drawing board since the early 1980s. The article recounts how a series of events conspired to scuttle
Controversial VA Community Moves Forward Read More
The Manufactured Housing Institute (MHI) submitted comments in December to the Department of Housing Urban Development (HUD) on its October 29, 2010 proposed rule establishing the regulations that govern the Housing Trust Fund (HTF). The HTF, authorized by Congress under the Housing and Economic Recovery Act (HERA) of 2008, was
MHI Comments on Housing Trust Fund Rules Read More
GOP leaders have touted proposals to privatize Fannie Mae and Freddie Mac. However, recent comments from members of the House Committee on Financial Services indicate Republican opinion on the need for swift action may be wavering. The Manufactured Housing Institute (MHI) reports in its Weekly Review that incoming House Financial
GOP Now Expects Slow Progress on GSE Reform Read More
The Manufactured Housing Institute (MHI) reported in its Weekly Review that the Consumer Financial Protection Bureau (CFPB) implementation team currently housed within the U.S. Treasury Department and the Conference of State Bank Supervisors (CSBS) recently signed a memorandum of understanding (MOU) to establish a framework of state and federal coordination
Federal Financial Protection Agency and State Regulators Sign Cooperation Agreement Read More
Benzinga.com named the manufactured housing industry as one of the worst performing categories on Friday. Down more than three percent earlier in the day, the situation seemed to improve somewhat by the close of business. The Manufactured Housing Composite Value ended down 1.3 percent. The biggest decline was with shares
MH Stocks Drop Mid-Day Read More
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
