Manufactured and Modular Housing News

MH Index Continues Its Rise Read More

MH Index Continues Its Rise

By Eric Miller / December 20, 2010 / Company News, Manufactured and Modular Housing News, news-at-noon, Stocks

The Manufactured Housing Composite Value lurched forward two more percentage points Monday as major stocks logged gains in their share price. Cavco ended the day up more than four percent, Nobility Homes was up more than five percent and Skyline Corp. gained more than one percent. Equity Lifestyle Properties and

Analysts Expect Cavco to Show Substantial Profit for 2010 Read More

Analysts Expect Cavco to Show Substantial Profit for 2010

By Eric Miller / December 20, 2010 / Business, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, Stocks

Zack’s Investment Research reveals that analysts expect Cavco will end 2010 with profits following losses in 2009. Zack’s says in the last fiscal year, the company lost $0.52 per share. Cavco Industries is now estimated to attain profitability and earn $0.09 per share this year, based on 6.6 million shares

Rezoning to Alleviate Nonconforming Situation for Manufactured Homes Read More

Rezoning to Alleviate Nonconforming Situation for Manufactured Homes

By Eric Miller / December 20, 2010 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

From North Carolina, the Salisbury Post reports the City Council there will consider a large rezoning of approximately 43.6 acres from General Residential to Manufactured Home Development. According to a memo cited in the report, the rezoning alleviates a nonconforming situation for this residential area that is primarily developed with

FTC to Enforce Red Flags Rule December 31 Read More

FTC to Enforce Red Flags Rule December 31

By Eric Miller / December 20, 2010 / Manufactured and Modular Housing News, news-at-noon, regulation

The Federal Trade Commission (FTC) will begin enforcement of the Red Flags Rule on December 31, 2010. The FTC issued regulations (the Red Flags Rule) on November 9, 2007 requiring financial institutions and creditors to develop and implement written identity theft prevention programs as part of the Fair and Accurate

New Law Helps Prevent Community Closures in Washington Read More

New Law Helps Prevent Community Closures in Washington

By Eric Miller / December 20, 2010 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

From Washington State, the HeraldNet reports that residents of manufactured home communities in the city of Lynnwood are being reassured by a new law that requires community owners in the city to go through a rezone process before selling the land to be used for other purposes. The report indicates

FCC to Discuss Net Neutrality Rules Tuesday Read More

FCC to Discuss Net Neutrality Rules Tuesday

By Eric Miller / December 20, 2010 / Business, Manufactured and Modular Housing News

The Huffington Post ran a column Monday by Minnesota Senator Al Franken on the topic of net neutrality. The concept favors a level playing field online for businesses large and small and small publishers like MHMSM.com and large media conglomerates. Franken says the draft regulations written by FCC Chairman Julius

California Modular Could Exceed Requirements for LEED Platinum Read More

California Modular Could Exceed Requirements for LEED Platinum

By Eric Miller / December 17, 2010 / Factory-Built Homes, Manufactured and Modular Housing News, news-at-noon

EarthTechling reports that a new California home by Utah-based Irontown Homes is expected to receive LEED Platinum certification, the U.S. Green Building Council’s highest eco rating. The Los Altos home designed by LivingHomes and architect Ray Kappe, may actually exceed USGB’s point requirements. The company cites a climate-controlled factory manufacturing process

Delaware County Adopts Manufactured Housing Ordinances Read More

Delaware County Adopts Manufactured Housing Ordinances

By Eric Miller / December 17, 2010 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

From Delaware, the Cape-Gazette reports that Sussex County officials have approved a series of amendments to ordinances regulating manufactured home communities. The county council voted unanimously December 14 in favor of amendments to better define emergency ramps and remove some restrictions on the replacement of accessory buildings, such as sheds.

Manufactured Housing Composite Jumps Ten Points Read More

Manufactured Housing Composite Jumps Ten Points

By Eric Miller / December 17, 2010 / Stocks

The Manufactured Housing Composite Value jumped more than ten percentage points Friday as the Dow ended the day seven points lower. Leading the way was Skyline Corporation, ending the day more than 14 percent higher and closing at $27.50 a share. Deer Valley Corp. was up ten percent for the

Santa Monica Provides Fund for New Homes Read More

Santa Monica Provides Fund for New Homes

By Eric Miller / December 17, 2010 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

From California, the Lookout News reports that the Santa Monica City Council approved new funding to help residents of Santa Monica’s oldest mobile home community upgrade to new manufactured homes. The financing program for new manufactured homes at Mountain View Mobile Home Park will facilitate the purchase of a maximum

Google Tracks Book References to Popular Terms Read More

Google Tracks Book References to Popular Terms

By Eric Miller / December 17, 2010 / Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

A new feature on Google being called the Books Ngram Viewer provides a historical reference to any terms used frequently enough to show on its charts. The books searched go back to the 1500s. About 72 percent of the books included were written in English. For instance, the charts show

Desire for Home Ownership Crosses Racial Lines Read More

Desire for Home Ownership Crosses Racial Lines

By Eric Miller / December 16, 2010 / Business, Economy, home buyers, Manufactured and Modular Housing News, news-at-noon

A new Fannie Mae study may provide insight into the future buyers of manufactured homes. Fannie Mae released the second installment of its 2010 Own-Rent Analysis finding the U.S. population is projected to grow by nearly 130 million people over the next 40 years and much of this growth will

Stocks Post Gains Thursday Read More

Stocks Post Gains Thursday

By Eric Miller / December 16, 2010 / Stocks

The Dow spent most of the day in the green and ended with a third percent gain of 41 points. The Manufactured Housing Composite Value gained more that one percent. Big gainers included previously mentioned UMH Properties, up more than four percent, as well as Barnes Group and Cavco, each

UMH Properties Closes On Five PA Manufactured Home Communities Read More

UMH Properties Closes On Five PA Manufactured Home Communities

By Eric Miller / December 16, 2010 / Company News, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

UMH Properties announced that on December 15, it closed on the acquisition of five manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000. With this closing, UMH owns 35 communities containing approximately 8,000 sites. UMH says these all-age family communities total 824 sites situated on 215

Berkshire Hathaway Issues $500M of 2015 Notes Read More

Berkshire Hathaway Issues $500M of 2015 Notes

By Eric Miller / December 16, 2010 / Business, Economy, Finance, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

CNBC reports Berkshire Hathaway is issuing $500 million of new notes to refinance a mortgage-lending unit. Berkshire uses the money to finance mortgages for people who buy homes from its manufactured homes unit, Clayton Homes. The report indicates investors can buy the bonds in thousand-dollar increments, with a minimum purchase

Connexion Creates Technology Center for Manufactured Home Community Read More

Connexion Creates Technology Center for Manufactured Home Community

By Eric Miller / December 16, 2010 / Manufactured and Modular Housing News, news-at-noon

Connexion Technologies recently partnered with The Hope Center, a non-profit serving Gwinnett Estates, a manufactured home community in Loganville, Georgia. Connexion Technologies donated 12 laptops as well as high speed Internet service for the center. The Hope Center is a community outreach ministry of Graystone Church at the Gwinnett Estates. This