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Dow Picks Up Steam during Day, Housing Stocks Mixed

The Dow survived a sharp drop earlier in the day and recovered lost ground upon good news from Greece’s faltering economy, but still closed down 59.67 points to end the day at 12,050.00.  Housing stocks were mixed.  The Manufactured Housing Composite gained 6.68 percent to close at 1072.40.  Skyline Corporation …

Dow Picks Up Steam during Day, Housing Stocks Mixed Read More

MH Residents Committed to Their Stylish Community

Treasure Coast Palm reports from Jensen Beach, Florida, just north of West Palm Beach, the stylish manufactured home of Nancy and Dean Hunter epitomizes upscale down-sizing.  Their 1,600 square foot, three bedroom manufactured house in the Pinelake Village community boasts a kitchen big enough to have a breakfast bar, dining …

MH Residents Committed to Their Stylish Community Read More

Congressional Committee Cuts Funding to CFPB

HousingWire reports the House Appropriations Committee has voted to slash funding for the new Consumer Financial Protection Bureau (CFPB) from the Federal Reserve’s requirement of $500 million to $200 million.  Under the Dodd-Frank Act the agency can request another $200 million.  Funded by the Federal Reserve, the CFPB will control …

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Housing Demands Shifting More to Urban

Realtor Magazine, the official publication of the National Association of Realtors (NAR), reports Patrick Phillips, CEO (Chief Executive Officer) of Urban Land Institute, says the nation’s population is expected to grow by 150 million over the next 40 years.  Speaking at a NAR event, he says the trend is to …

Housing Demands Shifting More to Urban Read More

Age-based MH Regulation Out, Aesthetically Pleasing MH In

In following up on a story we published here June 13, The Greeley Tribune in Colorado reports the Evans City Council unanimously voted to change the terms for manufactured homes in the Cave Creek manufactured housing community, for one year.  Instead of having to be less than four years old, …

Age-based MH Regulation Out, Aesthetically Pleasing MH In Read More

FEMA Building 324 Modular Homes for Twister Survivors

Reuters reports from Kansas City, Missouri, that since the tornado devastated Joplin, MO, there are 624 families and individuals needing housing.  The Federal Emergency Management Agency (FEMA) is building up to 324 three-bedroom one bath modular homes that will be sited on city-owned land in the north part of town. …

FEMA Building 324 Modular Homes for Twister Survivors Read More

States Receive Disaster Relief

The Department of Housing and Urban Development (HUD) is speeding disaster relief to numerous counties in Montana and Vermont for people whose homes were damaged by the storms and flooding in April and May.  The disaster declaration, announced by President Obama last week, permits the state to re-allocate federal resources …

States Receive Disaster Relief Read More

Dow Loses Steam on Fed’s Diagnosis, and Housing Stocks Close Mixed

The Dow dropped .66 percent in response to the Federal Reserve Chairman Bernanke’s assessment that the economy is not picking up, to close at 12,109.67, as housing stocks closed mixed.  The Manufactured Housing Composite lost 2.08 percent to close at 1005.30.  Nobility Homes gained 1.63 percent and ELS gained .30 …

Dow Loses Steam on Fed’s Diagnosis, and Housing Stocks Close Mixed Read More

Manufactured Home to Serve as Firehouse

NWCN reports from Spokane, Washington, that the city will use a double-section manufactured home as a fire station for at least five years.  Without capital to build a new firehouse, the city will spend $10,000 to buy this facility from the Valley Fire Department, and construct an over-sized garage to …

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County Council Overrules Zoning Commission in Delaware

Delaware Online reports from Georgetown that the Sussex County Council overruled the county planning and zoning commission and voted to put an RV campground in the middle of Rehoboth Shores manufactured home community.  The undeveloped space had been designated for 260 home locations, but the council said it will increase …

County Council Overrules Zoning Commission in Delaware Read More

Inspection Fees Posted for New MH and Modular Construction

The Bastrop Daily Enterprise of Bastrop, Louisiana, published the residential inspection fees for Morehouse Parish, and noted they are similar to other parishes.  The Morehouse Parish Police Jury hired the Institute for Building Technology and Safety (IBTS), a non-profit, to do residential and commercial inspections.  IBTS services nearby parishes as …

Inspection Fees Posted for New MH and Modular Construction Read More

HOF to Induct George F. Allen and Others Aug 1

The Recreational Vehicle/Manufactured Housing Hall of Fame (HOF) headquarters in Elkhart, Indiana, will be the site of the August 1 banquet for the 2011 inductees into the HOF.  The inductees include a cross-section of Recreational Vehicle and Manufactured Housing leaders.  They are: George F. Allen, GFA Management, Indianapolis; Robert Azevedo, …

HOF to Induct George F. Allen and Others Aug 1 Read More

Dow Climbs Again Despite Greece Debt, as Many Housing Stocks Improve

The Dow gained 109.63 points as technology stocks advanced, to close at 12,190.01, and most housing stocks spiked upward for a second day in a row.  The Manufactured Housing Composite gained 6.60 percent to close at 1026.60.  Cavco gained 9.24 percent, Skyline Corporation rose 3.49 percent, MSCI was up 1.95 …

Dow Climbs Again Despite Greece Debt, as Many Housing Stocks Improve Read More

ELS has Exceedingly High Share Trading Volume

TakeoverChatter reports that Equity LifeStyle Properties (ELS) is one of five companies to hit a 52-week high June 20.  The higher price may be the result of investors thinking the stock is undervalued, and their demand pushes the price higher.  ELS Chairman Sam Zell recently led his company in acquiring …

ELS has Exceedingly High Share Trading Volume Read More

Manufactured Housing Part of Family Business

The Dickinson Press in Dickinson, North Dakota, reports two brothers have combined Custom Touch Homes manufactured housing and Rosebud Manufacturing interior wood furnishings under one roof into Dakota Custom Cabinets and Homes LLC.  Tim Kern manages Custom Touch and says the “stick-built offsite” homes are comparable to site-built in terms …

Manufactured Housing Part of Family Business Read More

MHARR Disparages MHI’s Written Sprinkler Proposal

As we noted in previous posts from June 16 and 17, the Manufactured Housing Association for Regulatory Reform (MHARR) has soundly criticized the Manufactured Housing Institute’s (MHI) platform to set a “voluntary” standard for a sprinkler system when requested or required by local regulation.  MHARR says any reference or prescriptive …

MHARR Disparages MHI’s Written Sprinkler Proposal Read More

FEMA Homes Arrive in Arkansas

TodaysTHV says dozens of new Federal Emergency Management Agency (FEMA) homes have arrived in Little Rock for distribution to Arkansas survivors of the tornadoes and flooding that displaced residents between April 14 and June 3.  FEMA initially tries to place people in rental housing, but if none is available, the …

FEMA Homes Arrive in Arkansas Read More

Affordable Modular Housing Replacing Blighted Homes

The Daily Herald reports that Columbia, Tennessee, has received funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) to replace blighted homes with modular housing.  The City Council approved $27,522 to buy four blighted properties and transfer ownership to Advent Community Development Corporation.  Advent …

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