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.
Drew Industries, a leading supplier of components for recreational vehicles (RV) and manufactured homes, announced Thursday that its Board of Directors approved a special cash dividend of $1.50 per share of common stock. The dividend is payable on December 28, 2010 to stockholders of record at the close of business […]
Drew Industries Declares Special Cash Dividend Read More
From Oregon, the Gazette Times ran a story indicating struggling Palm Harbor Homes won’t close despite bankruptcy filing. The report indicated a 120-employee plant in Millersburg, Oregon will continue operations as usual. It is one of five Palm Harbor facilities in Oregon. Officials said the filing comes after four years
Palm Harbor Plant in Oregon to Continue Operating Read More
The Dow Jones Industrial Average rose just shy of 250 points on Wednesday as Goldman Sachs raised their forecast for U.S. economic growth. Manufactured housing and related stocks also closed mostly higher. Universal Forest Products was up nearly five percent, Drew Industries was up 3.6 percent and Cavco rose 2.6
Stocks Soar into December Read More
A November 16 article in the Virginian-Pilot carried the headline Fast-moving fires pose special risk in mobile homes. At first sight, this headline would seem another instance where the media unfairly implies negative judgment on the quality and safety of factory-built housing. But the article then quotes fire officials who
Experts Say Manufactured Homes Not More Prone to Fire Read More
Remember the debt crisis in Greece that brought down stocks for a while a few months ago? Now it’s a concern a European debt crisis is getting out of control that’s closing the damper on the market. The Dow closed down 46 points Tuesday and global stocks fell to the
Down Down, Palm Harbor Slides with it, Cavco Gains Read More
While housing prices are still above their spring 2009 lows, the end of the tax incentives and still active foreclosures appear to be weighing down the market. Data through September, 2010, released Tuesday by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices,
Broad-based Declines in Home Prices in the 3rd Quarter of 2010 Read More
CNBC ran a story Tuesday on the RV Indicator. Sales of RV’s or recreational vehicles tend to tank first in a tough economy and rebound first in a recovery. RV shipments for 2011 are expected to be up 8.2 percent, a sign that recovery is at hand. Also
RV Sales May Indicate Improving Economy Read More
The Courthouse News Service reports that people who live on an island in Oregon where the Columbia meets the Willamette River have sued the state, claiming the a plan to dump chemical-laden dredge fill near Hayden Island will hurt wildlife, plants and the elderly people who live there. The report
Manufactured Home Community Sues Oregon Over Dump Site Read More
Shares of Palm Harbor Homes shot up Monday following a Chapter 11 bankruptcy filing and the announcement of an asset purchase agreement by Cavco. The Dow ended lower, however, but the 39 point decline was a marked improvement from losses earlier in the day. Palm Harbor Homes ended the day
Stocks Down, Palm Harbor Gains Read More
DQNews.com reported Monday that home sales in the Phoenix area dropped to the lowest level for an October since 1995. The real estate data service says the region’s overall median sale price fell below the year-ago level for the fourth consecutive month. The site also says last month foreclosure resales,
Phoenix Prices at 15-Year Low Read More
HousingWire reports that Fannie Mae and Freddie Mac recently gave real estate agents the green light to resume selling foreclosed homes. Sales had been suspending as a result of the “robo-signing” debacle. The site referenced a Freddie Mac memo ordering the resuming of normal sales and marketing activity. Moratoriums issued
Fannie and Freddie Resume Foreclosure Sales Read More
CNBC Real Estate Reporter Diana Olick asked in a piece Monday whether rising rents will spur home ownership. Olick notes that apartment demand is rising, and supply has fallen to low levels. Echo boomers reaching prime renter age at a time when the employment picture is improving are expected to
Real Estate Reporter Says Home Ownership Attitudes Have Changed for Good Read More
Cavco Industries announced Monday that Fleetwood Homes, Inc., a subsidiary owned 50 percent by Cavco and 50 percent by Third Avenue Value Fund, has entered into an agreement with Palm Harbor Homes to provide debtor-in-possession (DIP) financing to Palm Harbor and certain of its subsidiaries during the reorganization of Palm
Cavco Announces Palm Harbor Asset Purchase Agreement Read More
Stocks closed down 95 points Friday, arriving at 11,092. Palm Harbor Homes managed to close up 20 percent, however, and arrived at 14 cents per share. Most manufactured housing and related stocks on the watch list were within one percentage point up or down from Wednesday’s close before the Thanksgiving
Stocks Close Lower Friday Read More
EpicStockPicks.com named Palm Harbor Homes one of its Top Losers On NASDAQ November 23rd. The company slumped 16.11 percent to $0.28 after falling to its 52-week low of $0.13 in the opening session. The site also noted the stock has plunged 93 percent so far in the current year.
Palm Harbor Homes Noted for Stock Value Decline Read More
From Mississippi, the Picayune Item reports that county officials indicated recently that federal, state and local officials are tightening code enforcement of wind zone rating regulations. According to the report, Pearl River County carries a wind zone rating of two, and in order to connect to the power grid a
Manufactured Homes in MS County Have to Meet Wind Zone II Ratings Read More
From Texas, the Fort Worth Star Telegram reports that a state advisory panel’s recommendation to outsource installation inspections of thousands of manufactured homes is meeting opposition from state regulators and industry officials. Joe A. Garcia, executive director of the state’s Manufactured Housing Division told the reporter as long as the
Outsourcing of Manufactured-home Inspections Opposed Read More
From Minnesota, Montevideo American-News reports that the city council recently approved resolutions calling on the owners of multiple homes in the Northdale Community manufactured housing community to make repairs and improvements to the homes. According to the report, the resolutions followed examination by council members of inspection reports by the
City Orders Cleanup Work at Manufactured Home Community Read More
The Dow closed down 142 points Tuesday following military action on the Korean Peninsula. Also Tuesday the Central Bank slashed the economic outlook through 2011. Manufactured home and related stocks were broadly lower. Palm Harbor Homes closed down 25 percent, Deer Valley was off 6.25 percent and Cavco was off
Economic Outlook Slashed, Stocks Dive Read More
From New York, the Babylon Village Patch reports that a proposal to build two modular homes on what is now a single-family lot is drawing concerns from residents. Placing the homes would require several zoning variances related to side yard and rear yard requirements. Several residents raised concerns related not
New York Modular Home Proposal Draws Concerns Read More
