News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
The Dow gained for the seventh straight day, moving up 58.66 points on good news about manufacturing expansion, lower jobless claims, and quiet inflation. CNNMoney reports the Dow added +0.4 percent, to end at 13,252.76. The S&P closed above 1400 for the first time since June 2008, having gained +0.60 […]
Dow Nudges Up, S&P Closes over 1400; Patrick Ind. Gains Read More
Drew Industries, Inc. subsidiaries Kinro, Inc. and Lippert Components, Inc. announce their employee base has grown to 4,541 nationwide, a 15 percent jump since Aug. 2011. Most of the new 750 jobs were in their home base Elkhart County in northern Indiana, according to RVBusiness. Last month alone they added
MH Component Maker Adding Jobs Read More
The Eloy City Council in Arizona, just south of Phoenix, has eased the zoning restrictions on replacing manufactured homes. The previous ordinance required homes be replaced with units no more than three years old, which many people who lived in homes that needed to be replaced could not afford. The
MH Zoning Restrictions Eased in Arizona Read More
From Washington, D.C. the Manufactured Housing Institute (MHI) tells MHProNews.com the Stabenow amendment to the Senate’s surface transportation reauthorization legislation (S.1813), which would have extended the energy efficient tax credits for MH and Mod, did not get the required 60 votes needed for passage. Sen. Jim DeMint (R-SC) led the
Energy Efficient Tax Credits for MH/MOD Defeated Read More
Following up on a story we published Dec. 22, 2011, the WinnipegFreePress tells MHProNews.com nearly a year after floods forced several thousand First Nation Manitoba, Canada, residents from their homes, 2,255 people continue to live in hotels in Winnipeg or with family and friends. The government pays the evacuees for
Modular Housing for Evacuees not Forthcoming Read More
MHProNews.com has learned from NOLA in New Orleans the Louisiana Supreme Court has upheld the 60-year sentence of a former Alabama lawmaker who swindled older victims of Hurricane Katrina out of $250,000. John Colvin, who passed himself off as a licensed contractor but was not licensed in LA, pleaded guilty
Fraudulent Contractor on his Way to Prison Read More
According to a new ordinance passed by the Santa Barbara County Board of Supervisors in California, before a manufactured community owner (MHC) can close a community, it must submit an impact statement, provide relocation assistance for residents, and submit a review of the process to the Planning Commission. The SantaMariaTimes
MHC Closure Ordinance could Make MHC Owners Bleed Green Read More
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged up 16.42 points as falling bank stocks pulled at the strength of tech socks. The Dow gained 0.12 percent to close at 13,194.10. The Nasdaq moved up +0.03 percent to close at 3,040.73, while the S&P fell -0.12 percent to finish
Rally Fades, Most Housing Stocks Fall, but Dow Remains above 13,000 Read More
StarsandStripes tells MHProNews.comas the Department of Defense prepares to select an air base as the home of a new generation of refeuling air tankers built by Boeing in Everett, Washington, local officials across the state at Airway Heights, right next to Fairchild Air Force Base near Spokane would like to
MHC Residents Like Their ‘Accident Potential Zone 2’ Read More
The Enumclaw Patch reports due to local volunteer firemens’ inability to respond to fires more quickly from their own homes, the King County Fire District bought a modular home for sleeping quarters to better staff the Cumberland Fire Station. Many of the former volunteers have retired or moved from this
Vol. Fire Dept. has Modular House for Quicker Response Read More
MHProNews.com has learned from RealClearPolitics that Alabama Rep. Spencer Bachus, Chairman of the House Financial Services Committee has faced down the toughest opposition of his career, as he begins his 29th year in Congress from the 6th Congressional District in Birmingham. Despite all three Republican primary challengers contending his public
SAFE Act Originator Turns Back the Alabama Tide Read More
Triad Financial Services, Inc. informs us that Jim Brand, Houston-based regional manager for the manufactured housing lender, passed away March 9 after a brief battle with cancer. With Triad since 2005, Jim previously worked for Associates Housing Finance as Sales Purchase Office Manager. Blessed with good humor and an infectious
Stocks moved higher Tuesday after a positive report on retail sales and news from the Fed that the economy is improving. The Yahoo Finance Manufactured Housing Composite Index closed 1.3 percent higher. Several watched stocks added more than seven percent, and one, Patrick Industries, added more than ten percent. Closing
Stocks Up, One Watched Stock Tops Ten Percent Gain Read More
The Yahoo Finance Manufactured Housing Composite Index got a running start to the week and logged gains topping five percent while most stocks lost and the Dow gained only modestly. Moving up with broader indexes were Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other
Manufactured Housing Index Gains Read More
A slew of news stories appeared over the weekend over those killed in recent tornadoes. While the majority of those killed were in what the articles call mobile homes, the distinction is not always made between pre- HUD code mobile homes and manufactured homes, or as to whether the homes
Recent Tornadoes Put Spotlight on Mobile Homes Read More
Stocks advanced modestly Friday and the Yahoo Finance Manufactured Housing Composite Value added more than six percent. Some individual stock gains approached ten percent. All but one watched stock advanced. The lone decliner was Nobility Homes, which closed down .28 cents (3.59 percent) to $7.51 a share. Advancing stocks included
MH Stocks Jump, Dow Moves Modestly Higher Read More
CantonRep tells MHProNews.com the Village Council of Carrollton, Ohio, will hold a special meeting Monday at 6 PM to discuss housing for gas and oil well workers coming to the area. An outside company is interested in real estate in the area, and may want to build a modular village
Modular Workforce Housing in the Cards? Read More
MHProNews.com has learned from ThePress-Enterprise in San Jacinto, California, the owners of the 200 site Parkview Estates Manufactured Home Community want to convert it from a land lease community (LLC) to residents having the option to buy the site they occupy. Conversion may allow rental costs to rise to market
LLC May Offer Residents Ownership of Own Site Read More
As hope spread among investors that only one hurdle remained to Greece’s restructuring of debt, U.S. stocks picked up a little steam as CNNMoney tells MHProNews.com. The Dow Jones Industrial Average gained +.55 percent, 70.61 points, to end the day at 12,907.94.The Nasdaq moved up +1.18 percent to close at
Patrick Vaults, Louisiana Pacific Rises, Dow Nudges Up Read More
The Manufactured Housing Institute’s (MHI) Monthly Economic Report, states shipments of single-section and multisection homes jumped 42.1 percent Jan. 2012 over Jan. 2011, to 3,945 new homes. Single section homes accounted for 53.9 percent of the increase. The seasonally adjusted annual rate of shipments (SAAR) increased 6.0 percent, to 61,082
