Those attending last week’s International Building Show (IBS) in Orlando have seen the future and it’s not in the suburbs. The Wall Street Journal published a piece this week on one focus of the event hosted by the National Association of Homebuilders: the urban preferences of generation Y. There’s a …
Outnumbering Boomers, Gen Y Wants Walkable Neighborhoods Read More
Housingwire reports that while Federal Reserve Bank of Boston President Eric Rosengren believes recent data show a recovery is finally taking root, he doesn’t expect the housing market to spur economic growth. “In many areas of the country, the impaired balance sheets of borrowers, high foreclosures and high vacancy rates …
The REI Bulletin reporting from the National Association of Home Builder’s (NAHB) International Building Show (IBS) indicates housing starts will see gradual improvements in 2011, establishing momentum for 2012. NAHB Economists told an audience at the show that job growth will provide a stronger stimulus to housing than last year’s …
Stocks moved higher Friday, marking seven straight weeks of gains. Cavco, Deer Valley, All American Group, Drew Industries and Universal Forest Products all recorded gains of one percent or more. Nobility Homes and Global Diversified Industries closed down. The Manufactured Housing Composite Value moved ahead 1.7 percent.
Any recipe for a housing rebound will include a revamp of Fannie and Freddie, at least according to Ben Bernanke. Housingwire reports the comments by the Federal Reserve Chairman Friday at a confab presented by the Federal Deposit Insurance Corp. The situation, Bernanke says, is set against a backdrop of …
No Housing Recovery without Fannie and Freddie Revamp Read More
The Federal Deposit Insurance Corporation recently held a forum on small lending to explore ways in which credit can be made more accessible to the small business sector. As a result of the forum and in recognition of the importance of available credit to small businesses, the FDIC announced the …
FDIC Announces Hotline for Small Businesses Regarding Availability of Credit Read More
Modular Home Builder reports that it has confirmed from several sources that Haven Homes is purchasing the former Penn Lyon factory in Selinsgrove, PA. This will be their third factory in central PA and they hope to open the plant in February.
AZJournal.com reports that Dale Call, the administrator of the Snowflake Arizona Planning and Zoning/Building Safety Department, made a presentation on a proposed overlay zone for manufactured homes at the Jan. 11 town council meeting. The report indicates the council has asked staff to research the feasibility of creating a new …
From the Manufactured Housing Institute’s Week in Review, House Ways and Means Committee Chairman Dave Camp (R-MI) has indicated that the committee will begin the process of overhauling the U.S. tax code, which has not undergone a fundamental retooling since 1986. The committee will hold its first hearing the week …
Exhibitors and attendees were heading home Friday from the Louisville Manufactured Housing Show. Promoters indicate the event was a resounding success with nearly 1,000 attendees. MHMSM.com Publisher and Marketing Director L.A. ‘Tony’ Kovach reports that “homes were sold, exhibitors were overall happy; attendees were in a good, upbeat mood.” More …
MHMSM.com Contributor and Lifestylist® Suzanne Felber took a break from a busy schedule at the National Association of Home Builder’s (NAHB) International Building Show (IBS) in Orlando today to tell us about some of the excitement surrounding home exhibits by both Champion and Palm Harbor Homes. Suzanne provides some insight about …
Fox Boston claims its undercover report lead to changes in the Massachusetts Building code that require the ceilings in modular homes to be affixed with more than glue. While the glue may hold fine under normal circumstances, inspectors there claim it can collapse on emergency responders in the event of …
A report on Bloomberg citing information from Realtytrac indicates there could be a 20 percent jump in foreclosure filings in 2011 as banks resume seizures. The good news: the article indicates the peak in foreclosures and the bottom in notices of default, auction or repossession in 2010, a 2 percent …
From Maine, the Portland Press Herald reports that roughly 40 Maine businesspeople met Wednesday with Sen. Olympia Snowe and Elizabeth Warren to discuss how the emerging Consumer Financial Protection Bureau with broad authority to regulate the nation’s financial system might affect Maine businesses. Warren, who is tasked with setting up …
Regulators Hear MH Industry Concerns Over New Agency Read More
Stocks finished at two-year highs Wednesday as the Dow rose more than 83 points. Performance by manufactured housing and related stocks was mixed, however. Closing higher were Drew Industries, Barnes Group, UMH Properties and Universal Forest Products. Closing lower were Cavco, Deer Valley, Skyline Corporation, Sun Communities and Walker and …
From Alberta, Canada comes news that despite a slower market, housing prices are on the rise. The Quesnel Cariboo Observer reports that the median value of the 115 single family homes sold in Quesnel 2010 was $181,000. In addition, 21 parcels of vacant land, 53 homes on acreage, 27 manufactured …
The website EcoHome ran an article this week outlining six trends for green homes. They include the obvious: energy efficiency, density and location (high gas prices and long commutes are driving this trend), health, performance monitoring, water conservation and getting more for the money. Highlighted in the article is Rheem’s …
Renowned Peruvian economist Hernando de Soto wrote a book in 2003 called the Mystery of Capital. In it he espoused the theory that many countries don’t take off economically because without private property, would-be entrepreneurs can’t borrow money to start businesses. According to a recent item in Fortune, Colin Barr …
Home Price Declines Could Put Improvement in Employment on Hold Read More
From Tennessee, Blount Today reports that the Community Partnership Award given by Maryville Schools Foundation has been presented to Clayton Homes. The award is granted to a business that serves as a sustaining partner through financial support for the Maryville City Schools and youth programs in the community. As the report …
Community Partnership Award Presented to Clayton Homes Read More
The Federal Reserve reports in its Beige Book that twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Conditions were said to be improving in the Boston, New York, Philadelphia and Richmond Districts. Activity increased modestly to moderately in the Cleveland, Atlanta, Chicago, …
