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.
Walker & Dunlop, Inc. announced Wednesday the pricing of its initial public offering of 10,000,000 shares of common stock at $10.00 per share. Established in 1937, Walker & Dunlop is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on […]
Walker & Dunlop Announces the Pricing of Its Initial Public Offering Read More
Yesterday we reported on a story from WAFB in Port Allen, in Port Allen, Louisiana that used the terms manufactured, mobile and trailer interchangeably. We were able to reach Port Allen Fire Chief Rick Boudreaux by phone Wednesday. While he couldn’t confirm the year the home at the Dudes Trailer
Update on Louisiana Home Fire Read More
A rash of errors in reporting on stories about mobile homes and fires is leaving readers with the false impression that manufactured homes are more prone to fire. An article on fire safety in the Lancaster, Ohio Eagle Gazette states, “for owners of manufactured homes, it’s even more important to
Another Paper Gets It Wrong Read More
Heading to the Louisville Manufactured Housing Show January 12-14? The latest newsletter from Dennis Hill at Show Ways has updated information about exhibitors, hotels and seminars that will include information on effective pricing, self-financing and how to dominate your local market. The newsletter contains an up-to-date list of exhibitors including
Mid-December Update on Louisville MH Show Read More
The Dow moved ahead 48 points Tuesday, but the Manufactured Housing Composite Value ended the day modestly lower. The index was off just under one percent. The biggest gainers included Nobility Homes, up nearly two percent to $7.75 a share, while UMH Properties closed up a little more than one
Dow Posts Gains Tuesday Read More
If he wanted to, Warren Buffett could have brought manufactured housing issues into the White House today. While the specific topics of discussion weren’t available, Buffett was there with Microsoft co-founder Bill Gates to give President Obama ideas on how to keep America competitive. Buffett’s Berkshire Hathaway, of course, owns
Buffett Meets with President Obama on Keeping America Competitive Read More
Channel WAFB in Louisiana ran a story Tuesday titled Flames destroy manufactured home in minutes. We asked an expert, who says visual evidence from the photo suggests this is a pre-HUD Code mobile home, not a manufactured home built to the federal safety standards established by the HUD Code. Thus
Scorched Louisiana Home Likely Misidentified as Manufactured Read More
From California, the Santa Monica Daily Press reports the City Council there is set to approve $9.2 million for a new manufactured home financing program. A maximum of 54 manufactured homes at the Mountain View Mobile Home Park, which can accommodate 105 homes, would be eligible for purchase under the
Financing Proposal Approved in California Read More
BostonSF.com reports that Westchester Modular Homes of Greater Boston recently announced its plans to build a new, state-of-the-art showroom and sales center along the highly-traveled Route 1 in Saugus, MA, designed to introduce modular home construction to the North Shore and beyond. The new building is expected to be completed
Westchester Modular Homes Announces New Showroom Read More
The Congressional Oversight Panel released its December oversight report this week, finding in the eight months since the Panel’s last report on the Home Affordable Modification Program (HAMP), that Treasury has made minor tweaks to the program, but the changes have not resolved the Panel’s core concerns. The Panel now
HAMP Not Preventing Enough Foreclosures Read More
The Dow closed up 18 points—one sixteenth of one percent— Monday, but had been up as much as 50 point earlier in the day. The Manufactured Housing Composite Value once again rose more than the Dow with a 3.63 percent gain. Helping to bring those averages up was Skyline Corporation,
Stocks Post Modest Gains Ahead of Tax Vote Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) says the past decade has seen the Department of Housing and Urban Development (HUD) and its manufactured housing program ignore, evade or circumvent both the broad transformative purposes of the Manufactured Housing Improvement Act of 2000. This has had a devastating impact
MHARR Outlines “Disastrous” Consequences in Letter to HUD Read More
Many of the stories you see at MHMSM.com begin with tips from readers like you. If you have an item you think would be of interest to our readers, let us know. We’ll make the calls and find out more. For news tips, call MHMSM.com reporter Eric Miller at 214-329-9733
The Manufactured Housing Institute’s actual shipments report indicates that 3,841 new HUD Code homes were shipped in October 2010, down 15.7 percent from October 2009. Decreases were across the board with shipments of both single-section and multi-section homes down compared with the same month last year. Compared with 2009, manufactured
MH Shipments Down 15.7 Percent from October 2009 Read More
Last week, President Obama announced that the Administration and congressional Republicans had arrived at a “bipartisan agreement” to extend Bush-era tax cuts for two years, jobless benefits for 13 months, and other tax incentives to support business expansion. The Manufactured Housing Institute reports the compromise measure includes an extension of
MHI Urges Congress to Enact Middle Class Tax Cut Bill Read More
Also from the Manufactured Housing Institute Week in Review, FEMA’s National Disaster Housing Task Force has just published its Concept of Operations (CONOPS), which describes the Federal coordination of disaster housing assistance preparation in response and recovery. A public teleconference will be held on December 15 from 1:00 p.m. to
FEMA Announces Teleconference on National Disaster Housing Concept Paper Read More
From Alabama, AL.com reports that a town formed in 2009 to stave off annexation may be unraveling due to a controversy over manufactured homes. About five months ago, at the height of the Gulf Oil Spill, more than three dozen neighbors petitioned to secede from the town limits. The catalyst
Controversy Over Manufactured Homes Splits Town Read More
Serving as leading indicators for the sector, two composite multifamily indices produced from NAHB’s survey of multifamily builders and property managers showed improvement in the third quarter of 2010. The NAHB Multifamily Production Index (MPI) increased to a value of 35.6, up from the 26.6 level reported for the second
Multifamily Index Shows Improvement Read More
From Massachusetts, Wicked Local Carver reports that some manufactured home owners there may be able to keep their sheds free of additional assessment. Residents of Cranberry Village were warned the town wanted to add the value of sheds and outbuildings to the community’s overall assessment. A petition lead to legislation,
Massachusetts Community Gets Reprieve from Shed Tax Read More
The Dow rose more than 40 points Friday on news of an increase in consumer confidence. While that amounts to an increase of about a third of one percent for the Dow, the Manufactured Housing Composite Value was up more than six percent. Companies contributing to a day in the
Manufactured Home Stocks Best the Dow Read More
