Manufactured and Modular Housing News

Charm of New Year Fades as Dow Closes Down Read More

Charm of New Year Fades as Dow Closes Down

By Eric Miller / January 6, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

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

5,000 Modular Homes Coming to Haiti Read More

5,000 Modular Homes Coming to Haiti

By Eric Miller / January 6, 2011 / Manufactured and Modular Housing News, Modular, news-at-noon

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

Newspaper’s Use of Terms Improves Read More

Newspaper’s Use of Terms Improves

By Eric Miller / January 6, 2011 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

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

Arizona Reports on Permits for Manufactured Home Replacement Read More

Arizona Reports on Permits for Manufactured Home Replacement

By Eric Miller / January 6, 2011 / Economy, Manufactured and Modular Housing News, news-at-noon

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

Colorado Requires Water Smart Options Read More

Colorado Requires Water Smart Options

By Eric Miller / January 6, 2011 / Manufactured and Modular Housing News, news-at-noon

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

Mortgage Rates Decline Read More

Mortgage Rates Decline

By Eric Miller / January 6, 2011 / Finance, Manufactured and Modular Housing News, news-at-noon

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.

Housing Prices Decline in December Read More

Housing Prices Decline in December

By Eric Miller / January 6, 2011 / Business, Economy, Manufactured and Modular Housing News, news-at-noon

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,

Bachmann Pushes for Frank-Dodd Repeal Read More

Bachmann Pushes for Frank-Dodd Repeal

By Eric Miller / January 6, 2011 / Legislation, Manufactured and Modular Housing News, news-at-noon

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

Shares Record Third Day of Gains Read More

Shares Record Third Day of Gains

By Eric Miller / January 5, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

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

Minnesota Town Looks to Upgrade Homes Read More

Minnesota Town Looks to Upgrade Homes

By Eric Miller / January 5, 2011 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

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

From Arizona, Lower Costs and Less Red Tape Read More

From Arizona, Lower Costs and Less Red Tape

By Eric Miller / January 5, 2011 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

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

Modular Units for Seniors Nearing Completion Read More

Modular Units for Seniors Nearing Completion

By Eric Miller / January 5, 2011 / Manufactured and Modular Housing News, Modular, news-at-noon

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

USA Today Names Top Green Houses Read More

USA Today Names Top Green Houses

By Eric Miller / January 5, 2011 / Factory-Built Homes, Manufactured and Modular Housing News, Modular, news-at-noon

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

Wrangling Sends New Yorker from Remodel to Modular Read More

Wrangling Sends New Yorker from Remodel to Modular

By Eric Miller / January 4, 2011 / Factory-Built Homes, Manufactured and Modular Housing News, Modular, news-at-noon

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

Dow Posts Gains, Most MH Stocks Down Read More

Dow Posts Gains, Most MH Stocks Down

By Eric Miller / January 4, 2011 / Manufactured and Modular Housing News, Stocks

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,

Moody’s Rates Berkshire Notes Read More

Moody’s Rates Berkshire Notes

By Eric Miller / January 4, 2011 / Finance, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

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

UMH to Present at Sidoti & Company’s Micro-Cap Conference Read More

UMH to Present at Sidoti & Company’s Micro-Cap Conference

By Eric Miller / January 4, 2011 / Business, Company News, Manufactured and Modular Housing News, news-at-noon

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