A web site called FreedomofInfo.org is espousing the viability of manufactured home and recreational vehicle resort market. The article quotes Leon D. Meekcoms, President of Parkbridge Capital Group who says that despite dramatic economic shifts – particularly in the actual property market – RV resorts and manufactured home communities continue …
Company Says Recreational MH and RV Growing in Attractiveness Read More
The Mortgage Bankers Association reports Mortgage applications are on the increase over the week previous. The Weekly Mortgage Applications Survey for the week ending December 2, 2011 shows a 12.8 percent rise. “Coming out of the Thanksgiving holiday, applications increased significantly as mortgage rates dropped to their lowest levels in …
Stocks fluctuated throughout the day Wednesday with the Dow ending 43 points higher. The Manufactured Housing Composite Value ended up 5.5 percent. The biggest movers were Cavco Industries and Skyline Corporation, both ending the day with more than six percent added to their value. Cavco’s price crossed above its 15 …
MHMSM.com has learned that an auction of the assets of pre-manufactured and modular building company Kullman Building Corp. is scheduled to begin on December 13 under the direction of Alco Capital Group, Inc., assignee for the benefit of creditors. The sale will be conducted at the company’s site at 1 …
Realtor Magazine covered a story previously appearing on HousingWire on the hurdles facing the manufactured housing sector. According to the article, demand for both manufactured and modular homes continues to plummet. Published by the National Association of Realtors, the magazine recounted testimony to the House Financial Services Committee that manufactured …
Incidental improvement in the housing market is being noticed as consumer sentiment stabilizes, according to a new survey from Fannie Mae. The group’s November National Housing Survey revealed home price expectations moved from negative to positive territory for the first time in six months, with respondents expecting home prices to …
A red ribbon tied around a new manufactured home in Charleston, South Carolina was not a sales gimmick. The home is a gift for Doris and Neal Davis who lost their older home to a fire in May of this year. The John’s Island couple was chosen from more than …
Stocks added 29 points–about a 20th of one percent–Thursday despite disappointing news on the employment picture. Most manufactured housing and related stocks stayed within one percentage point of Wednesday’s close. The Manufactured Housing Composite Value lost about what the Dow gained, one 20th of one percent.
From Maryland, the Dagger Press reports that Northern Harford County Senator Barry Glassman is attempting to assist the Harford Countians who applied for building permits prior to January 1, 2011 for construction of modular homes to be placed in Harford County. Several Harford County families applied prior to the January …
From Texas, the Grapevine Courier reports that residents of older mobile homes are protesting a code crackdown of sorts. Residents of the Trailwood Mobile Home Estates told the reporter the city is threatening them with code violations in an attempt to shut down the community. City Community Services Director Scott …
From Long Island, Hamptons.com reports that Assemblyman Fred W. Thiele, Jr., Assemblyman Dan Losquadro and State Senator Kenneth P. LaValle have introduced New York state legislation to allow manufactured home community tenants to challenge rent increases. The report indicates some manufactured home owners are seeing rent increases of as much as …
Legislators Want to Help MH Owners Fight Rent Increases Read More
The Federal Reserve Bank of Philadelphia reports that growth in that region’s manufacturing sector picked up in February, according to the respondents to the Business Outlook Survey. Most of the broad indicators showed an improvement over their readings in January, and employment among reporting firms increased. The diffusion index of …
Freddie Mac reports the results of its Primary Mortgage Market Survey show a drop in long-term fixed rates this week. 30-year fixed-rate mortgage averaged 5.0 percent with an average 0.7 point for the week ending February 17, 2011, down from last week when it averaged 5.05 percent. Last year at …
The Tulsa Beacon reports Oklahoma state Rep. Pat Ownbey announced the Manufactured Housing Association of Oklahoma Board of Directors’ acceptance of his recommendation to help provide sample emergency plans for manufactured home communities to prevent deaths in the event of a tornado or other disaster. The Manufactured Housing Association of …
Oklahoma Communities to Receive Sample Emergency Plan Read More
From Canada, Global Saskatoon featured a story on a home that was built locally in just six hours. A photo accompanying the article showed a modular home being lowered onto its foundation. The report indicates the home is made with pre-fabricated Structural Insulated Panels rather than traditional wooden studs, which …
Wall Street spent hump day higher, adding more than 60 points to close at 12,288. Gainers in the manufactured housing arena include Cavco and Skyline Corporation, each adding some five percent for shareholders. Walker & Dunlop and Drew Industries also closed higher. The Manufactured Housing Composite Value closed higher by …
T.J.T., Inc., a major supplier of axles, tires and set-up supplies to the manufactured housing industry, announced a net loss Tuesday of $286,000 in its first quarter of fiscal 2011. Net sales decreased 27 percent in the first quarter of fiscal 2011 as compared to the same period in 2010. …
T.J.T., Inc. Reports Results for First Quarter Of Fiscal 2011 Read More
Warren Buffett was at the White House Wednesday, receiving the Presidential Medal of Freedom. According to CNBC, President Obama praised Buffett for demonstrating that “integrity isn’t just a good trait – it is good for business.” Buffet was also recognized for “devoting the vast majority of his wealth to those …
From Michigan, the Daily Press and Argus reports that a federal lawsuit has been dismissed in which more than 50 residents claimed Green Oak Township unlawfully restricts and removes older mobile homes in a manufactured home community there. According to the report, last March, residents of Woodland Ridge manufactured home …
From Iowa, the Press-Citizen reports that new legislation addresses abuses tied to sales and living conditions in the state’s oldest manufactured homes reported in a Des Moines Register investigative series over the past year. The report indicates key provisions of the bill include sweeping changes in how much information community …
Iowa Bill Would Give MH Owners Additional Protections Read More
