The Dow Jones Industrial Average dropped 283.82 points to close at 11,124.84, losing 2.49% of its value after the Federal Reserve announced it is not changing rates, and Operation Twist is on. The Yahoo! Finance Manufactured Housing Composite Value declined to 738.20, off -4.33%, as many housing stocks took a …
The Minot Daily News reports the apparent standoff in resolving the issue of who is responsible for removing the damaged manufactured housing in Minot following the ravaging floods of last spring has led to frustration on the part of city government, residents, and community owners. Mayor Curt Zimbelman said, “We …
Standoff in North Dakota: Who Will remove the Flood-damaged Homes Read More
Bloomberg News reports sales of previously owned homes rose to 7.7 percent in August, according to the National Association of Realtors (NAR). Sales of existing single-family homes rose to their highest level since January, rising 8.5 percent to a seasonally-adjusted rate of 4.47 million. The August figures compare to the …
MHMSM.com has recently learned of the death on Sept. 10th of Dan Nix, 54, General Manager and Sales Manager of Economy Homes in Tulsa, OK. A veteran of the manufactured housing business over 15 years, Dan had spent the last nine years at Economy, and died after a brief illness. …
Following up on a prior story about building inexpensive homes for the multitude of poor people across the globe, Eco-Business notes the Massachusetts Institute of Technology’s (MIT) grad student Ying chee Chui’s modular design incorporates hollow brick walls, reinforcing steel bars, wooden box beams, and includes a central courtyard within …
Modular House Emerges from MIT’s Affordable Housing Initiative Read More
TruliaPro says the results of a recent survey show 80 percent of 2,207 American adults polled envision the purchase of a home in their lifetime. Despite the recent housing slump, concerns over employment, credit scores, and saving for a down payment, 65 percent of the respondents maintain home ownership continues …
CNNMoney reports the Dow Jones Industrial Average inched 7.65 points higher today, gaining 0.07% to close at 11,408.66 as fears about Greece’s economic turmoil fell somewhat. Yahoo! Finance reports the Manufactured Housing composite dropped 1.26% to end the day at 771.60. Affiliated Managers Group 84.40 -1.16 (-1.36%). Clayton Homes, Vanderbilt …
Dow Strengthens in Midday then Falls, Registering Modest Gain Read More
The Texas Department of Housing and Community Affairs (TDHCA) Manufactured Housing Division (MHD) executive director, Joe A. Garcia, addressed the Texas Manufactured Housing Association (TMHA) annual meeting this morning in Fort Worth. Garcia praised the TMHA for the low incident of complaints from consumers, and the high level of legal …
HousingWire reports housing starts fell by 30,000 units on an annualized basis comparing July to August. August numbers show 571,000 starts, a drop of 5%, and a 5.8 percent decline from a year earlier when they hit 606,000 units on an annualized basis. Single-family unit starts dropped 1.4% for August, …
Housing Starts Fall in August, but Building Permits Rise Read More
First State Manufactured Housing Association of Delaware announces the winners of its Manufactured Housing Scholarship Award for 2011. Jennifer Lauren Ashwell is a 2011 graduate of Sussex Central High School, and she will be majoring in communications at Notre Dame of Maryland University in the fall. She will be seeking …
Earth Techling reports that one of the entries in the U.S. Department of Energy’s Solar Decathlon 2011 is an E-Cube from Ghent University in Belgium. It is designed for people with limited construction experience who want highly efficient, modular homes that they can assemble themselves. Low on gadgetry, and made …
Modular E-Cube One of 30 Entries in Solar Decathalon Read More
In an op-ed piece in the Minot Daily News in Minot, North Dakota, Lance Kennedy, president of the North Dakota Manufactured Housing Association, says eight manufactured home communities, representing 800 homesites, were wiped out by the flooding of the Souris River earlier this spring. He says the government removed trash …
The Dow Jones Industrial Average fell -108.08 (-0.94) to close at 11,401.01 amid lingering fears of the debt crisis gripping Europe. Yahoo!’s Manufactured Housing Composite dropped -1.54 percent to end the day at 781.40 as housing stocks also took a beating. Affiliated Manager’s Group 85.56 -2.16 (-2.46%). Clayton Homes, Vanderbilt …
Dow Drops on Continuing Possibility of Greek Default Read More
Zacks reports Sun Communities,’ Inc. (NYSE:SUI) stock has risen eight percent in a one month period, jumping from $36.97 to $39.92 today. SmarTrend, which analyzes over 5,000 stocks daily, predicted an uptrend for the MHC owner Aug. 16. The 52-week spread has been from $29.21 to $40.21. The current price …
The National Association of Home Builders (NAHB) says its monthly survey of builders’ confidence in the new home market showed a decline of one point from August’s rating of 15. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) has not gone above 16 nor dropped below 13 …
The Valley Independent Sentinel in Ansonia, Connecticut, reports an application for development of two manufactured home communities in Oxford has been withdrawn by builder Garden Homes Management Corporation. The Planning and Zoning Commission (PZC) received a letter from Garden Homes president Richard K. Freedman in which he said, “You may …
MHC Developer Persists, Will Submit Plans a Third Time Read More
The Journal of Commerce in Cranbrook, British Columbia, Canada reports the largest modular housing project for seniors in B.C. officially opened as the result of the Senior’s Rental Housing (SRH) program. The 36-unit Baker Gardens will also provide housing for persons with disabilities, and will be managed by Kootenays, a …
Canadian City Launches Modular Housing for Seniors Read More
The Rapid City Journal reports from South Dakota that while a veteran developer’s plan to replace aging factory-built homes with new manufactured homes is a noble idea, the project falls short of meeting city codes. Bob Akers bought Deluxe Mobile Home Park and other MHCs from a bank after the …
Developer Eager to Replace Old Mobile Homes with New Manufactured Homes Read More
CNNMoney reports that the Dow spiked 140.88 points (+1.27%) as European leaders insisted Greece would attain its fiscal goals. The Manufactured Housing Composite gained 3.47 % to close at 829.7. Affiliated Managers Group 84.71 +1.97 (+2.38). Clayton Homes, Vanderbilt Mortgage and Finance and other MH homebuilding, lending and suppliers parent …
The Vermilion Standard reports the Vermilion Town Council in east-central Alberta, Canada, has voted to retain the 14 residential lots along 44 Avenue for manufactured housing, instead of changing it to R2 single family residential. The proposal to change the zoning came after several years lack of interest in developing …
