Matthew Silver

Following a 25-year career operating a custom hardwood furnishing business and occasional writing, Matthew Silver has been writing professionally for over a dozen years, six of those for the factory-built housing industry. Otherwise, he may be found performing folk music in the Indianapolis area.

Dow Falls as S & P Cuts Debt Outlook, but Most Housing Stocks Advance

The Dow dropped 140.24 points after Standard & Poor’s cut its long-term U.S. debt outlook, to close at 12,201.59.  Deer Valley gained 41.43 percent, Nobility Homes was up 1.37 percent and Skyline Corporation was up .58 percent.  Cavco dropped .58 percent.  The Manufactured Housing Composite gained .61 percent to end …

Dow Falls as S & P Cuts Debt Outlook, but Most Housing Stocks Advance Read More

Drew Industries to Announce First Quarter Results

According to PRNewswire, Drew Industries (NYSE:DR) will release its first quarter financials May 2, 2011, before the stock market opens.  At 11:00 AM ET that morning, this manufacturer of doors, windows, chassis, and bath and shower components for the manufactured housing industry will host a conference call to discuss the …

Drew Industries to Announce First Quarter Results Read More

Citigroup Shedding Delinquent Loans, but Losses Still Mount

HousingWire reports Citigroup decreased its troubled-mortgage portfolio by 45 percent over the first quarter a year ago, to $7.8 billion.  Of the $5.3 billion converted to modification loans, 75 percent were through the Home Affordable Modification Program (HAMP).  The redefault rate of the HAMP loans is 10 percent lower than …

Citigroup Shedding Delinquent Loans, but Losses Still Mount Read More

Getting MH Financing Remains Tough, Even for Quality Construction

The Muskogee Phoenix says borrowers in Muskogee County, Oklahoma, may have a harder time finding financing for a manufactured home than in nearby Wagoner County where the annual median income is higher by $20,000.  Chris Condley of First National Bank in Muskogee says for every ten lenders available for traditional-built …

Getting MH Financing Remains Tough, Even for Quality Construction Read More

Champion Homes Signs Single Provider Deal with Whirlpool

Crain’s Detroit Business reports Champion Homes of Troy, Michigan, has inked a national business deal with Whirlpool Corporation (NYSE:WHR) of Benton Harbor, MI to outfit their manufactured and modular homes with the appliance producers home appliances.  Whirlpool signed a similar agreement with home stick-builder Pulte Group last year.  The appliance …

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Modular Homes, Hotels, Offices and… Jail?

Phillyburbs reports 512 inmates will be moving into new modular units at the Montgomery County Correctional Facility just west of Philadelphia.  Built by NRB USA in Ephrata, Pennsylvania, each of the four units will contain 128 inmates, in four, 32 inmate dormitory-style pods, four beds in each cubicle.  The modular …

Modular Homes, Hotels, Offices and… Jail? Read More

Tulsa OK Trade Show Will Welcome Home Buyers April 29-May 1

The Daily Oklahoman reports the 2011 Great Southwest Home Show (GSWHS) in Tulsa, Oklahoma, begins Thursday, April 28, at 9 AM, open to the trade until 1 PM Friday.  At 3 PM Friday, April 29, the doors will swing open to the public for FREE, through Saturday and Sunday.  The …

Tulsa OK Trade Show Will Welcome Home Buyers April 29-May 1 Read More

Intense Manufactured Home Industry Response to IBISWorld Report

In response to the IBISWorld report on manufactured homes sounding the death knell for manufactured housing, MHMSM.com received responses from many long-time industry professionals disputing their conclusions. Industry vets Paul Bradley, Thayer Long (MHI), Danny Ghorbani (MHARR), Doug Gorman, Otis Orsburn, Bob Stovall, Ken Rishel, Derek Thompson and Dustin Youngdahl …

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Dow Ends the Week Down, Housing Stocks Mixed

The Dow ended the week down, though it gained nearly half a percent (56.68 points) for the day on news of inflation and consumer sentiment to end the week’s trading at 12,341.83.  Housing stocks were mixed, as Skyline Corp. closed up 4.11 percent, Cavco gained .07 percent and Nobility Homes …

Dow Ends the Week Down, Housing Stocks Mixed Read More

Australian Companies Bidding on Modular Units for Japan

The Wall Street Journal reports that construction of temporary housing is just beginning in the tsunami/earthquake ravaged north of Japan, with 4337 modular units having been built so far.  Australian companies have been meeting with officials of the Japanese Embassy to develop a plan to provide some of the 30,000 …

Australian Companies Bidding on Modular Units for Japan Read More

Sancta Sending Modular Homes to Haiti

The Las Vegas Review Journal reports that the city with the highest foreclosure rate in the nation – Las Vegas – is supplying Haiti with steel modular homes for the one million who remain homeless following the earthquake last year.  Sancta, from the Spanish for sanctuary, shipped its first home …

Sancta Sending Modular Homes to Haiti Read More

Board of Supervisors Denies Application for MH Community

From Virginia, the Daily News-Register says the Page County Board of Supervisors has rejected an application from Century Luray LC to develop a 232-homesite manufactured housing community in Luray, VA.  County attorney George Shanks said that the county code of 1989 did allow for manufactured housing communities in town, but …

Board of Supervisors Denies Application for MH Community Read More

Irish Research Firm Now Includes MH in Industry Reports

BusinessWire reports that the Dublin-based Research and Markets firm has added manufactured housing (MH) to the list of industries included in its reports.  The article says the $3 billion MH industry comprises 200 companies, but is dominated by eight firms accounting for 60 percent of revenue.  Four of the largest …

Irish Research Firm Now Includes MH in Industry Reports Read More

MHI Supports Petitioners in Supreme Court Case

Scribd reports that the Manufactured Housing Institute (MHI) filed an amicus curiae (friend of the court) brief in support of petitioners who are appealing a decision in federal court that denied their claim challenging a rent control ordinance in Goleta, California.  Petitioners bought a factory-built community in Goleta and had …

MHI Supports Petitioners in Supreme Court Case Read More

New Risk Retention Rule Could Prolong Housing Agony

HousingWire says according to Standard & Poor’s, the new risk retention rule will produce more stable mortgages in the long run, but the immediate effect will continue to suppress the housing market.  Federal regulators are proposing banks maintain a five percent risk in all loans that do not meet the …

New Risk Retention Rule Could Prolong Housing Agony Read More

Dow Nudges Up, Most Housing Stocks Gain as Well

The Dow overcame losses earlier in the day as the price of commodities and energy increased to end the day up 14.12 points, closing at 12,285.15.  Most housing stocks closed up, Deer Valley dramatically so, gaining 41.43 percent.  Cavco was up 1.82 percent, Skyline Corp. gained .16 percent, while Nobility …

Dow Nudges Up, Most Housing Stocks Gain as Well Read More

Housing Stock Prices Fluctuate Over One Year

The New York Times reports that the 52 week change in the price of stock for Nobility Homes was minus 12.50 percent.  That number for Skyline Corporation was minus 2.52 percent, but for Cavco it was plus 20.64 percent.  The 52-week percent change for Deer Valley was not available, but …

Housing Stock Prices Fluctuate Over One Year Read More

Modular Dealer Closes Suddenly after Bank Calls in Note

LJWorld reports that modular home retailer Webster’s, Inc., in Lawrence, Kansas, is closing after 44 years in business.  Jonathan Becker, attorney for Webster’s, said that University National Bank called in its note on the company’s financing.  He said the bank has been under federal regulatory control to straighten out some …

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City in the Middle Between Residents and Owners

The Weekly Calistogan in Calistoga, California, tells of a battle going on between manufactured housing community owners and residents over rent control, and the city is in the middle.  The owners are raising rental fees beyond what local law allows, and the residents are getting financial help from the city …

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Canadian Modular Builder in Talks with Japan

Following up on a post from March 22, Daily Commercial News says Canadian modular builder Britco has begun talks with private and public officials to provide temporary modular schools, offices and hospitals following the devastation in northern Japan March11.  Vice-president Chris Gardner says people’s needs for food and shelter come …

Canadian Modular Builder in Talks with Japan Read More

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