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.
Depending on which association you ask, a recent executive order on over-regulation is either a mandate for change or a simple political maneuvering. The White House issued an Executive Order earlier this month similar to one issued by President Clinton in 1993 to improve regulation and regulatory review. Following the …
MHARR Hits HUD Hard With Executive Order, MHI Cautions Approach Read More
From Iowa, the Muscatine Journal reports the town may soon be home to a modular housing development, if Jason Harder has his way. Last year this developer purchased the 43 year-old Ripley’s Trailer Court, as well as a 38-acre adjoining pastureland, changed the name to Ripley’s Affordable Housing, and is …
Stocks moved up nearly 70 points on the last day in January after unrest in Egypt sent shivers through markets on Friday. Analysts say investors instead focused on the positive earnings news out of Exxon Mobil and rising commodity prices. Several manufactured housing and related stocks also logged gains. Most …
The Manufactured Housing Association for Regulatory Reform (MHARR) provided a report this week from a conference call by the Technical Systems Subcommittee of the Manufactured Housing Consensus Committee (MHCC). The meeting addressed two key pending regulatory issues – sprinklers and ground anchors. Regarding fire sprinklers, MHARR reports the subcommittee confirmed …
MHCC Subcommittee Discusses Fire Sprinklers, Ground Anchors Read More
From Texas, WacoTrib.com reports a Clayton Homes plant there has been honored with the 2010 President’s Cup award as the best overall plant in terms of satisfaction, profitability, sales and safety in the system. The plant has been operating since 1982. A second plant in the town earned the award …
Housingwire reports that RealtyTrac Senior Vice President Rick Sharga conveyed that major banks currently hold roughly 1 million homes repossessed through foreclosure, but only 30 percent have made it onto the market. The report also indicates foreclosure filings reached a new high in 2010 and should climb even higher this …
The Manufactured Housing Consensus Committee (MHCC) held its first meeting of 2011, under its new HUD-appointed Chairman, by telephone conference call on January 27, 2011. The Manufactured Housing Association for Regulatory Reform (MHARR), however, noted in an email with “continued HUD blunders” in the title, that because notice of the …
The Manufactured Housing Consensus Committee (MHCC) held its first meeting for 2011 by teleconference Thursday and welcomed seven new members to the committee. The new members spent a day at HUD prior to the teleconference to receive an orientation. The MHCC meeting was primarily organizational and no actions or votes …
The Cavco webcast of January 28 on their 2011 third quarter earnings reports produced reason for hope, solid financials and the proposed acquisition of Palm Harbor. Cavco, based in Phoenix, AZ is one of the three top producers of manufactured and modular homes in the country. President, Chairman and CEO …
Stegmayer Says Demographics Favor Manufactured Housing Read More
‘Extreme Makeover: Home Edition’ has paired with Palm Harbor Homes to provide a beautiful, life-changing home for the Brown Family of Wellman, TX after their teen daughter Alex was killed last November while texting as she drove to school. The Browns have made it their mission to save lives by …
Palm Harbor to Be Featured Builder on ‘Extreme Makeover: Home Edition’ Tonight Read More
The Arizona Republic ran a story this week about the efforts by Cavco to purchase bankrupt Palm Harbor Homes. The article notes that sales are at their lowest level in 50 years and Cavco is seeking to grow through purchasing another competitor. In August, 2009, Cavco bought Fleetwood Enterprises for …
Stegmayer Talks to Arizona Paper about Palm Harbor Read More
Investors were shedding shares Friday as the Dow dropped 165 points or 1.3 percent. The Manufactured Housing Composite Value fared much worse, dropping more than five percent. Cavco was down almost seven percent. Skyline Homes ended down more than five percent. Universal Forest Products was down more than four percent. …
Business relocation coach Joseph Vranich says a record number of companies left California in 2010, including Fleetwood Enterprises. 204 companies left the Golden State in 2010, four times the 2009 level. Fleetwood Enterprises, Inc. had been headquartered in Riverside, went bankrupt, has been partially revived as Fleetwood RV Inc. and …
The Manufactured Housing Institute (MHI) says it is urging Congress to support the use of a rental voucher for the full cost of purchasing a manufactured home sited on leased land, by permitting funds to be used for both the cost of leasing the land, and for the monthly home …
The Manufactured Housing Institute (MHI) reports that on January 26, Reps. Ken Calvert (R-CA) and Joe Donnelly (D-IN) began circulating a “Dear Colleague” letter urging members of the U.S. House of Representatives to support the manufactured housing industry and millions of American families that rely on a manufactured home as …
A California state legislator is looking into a bill that would allow city and county governments, when successful in defending rent control ordinances, to charge the party who brought the challenge for the government’s legal expenses, according to the San Jose Mercury News. A representative of Assemblyman Bill Monning, D-Carmel, …
California Bill Would Help Municipalities Defend Rent Control Read More
The latest National Association of Home Builders’ (NAHB) report says remodelers are starting to see an uptick in interest from consumers who are considering future remodeling projects. Remodeling Market Index (RMI) edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI …
Cavco Industries announced financial results Friday for the third quarter and first nine months of its fiscal year 2011 ended December 31, 2010. Net sales for the third quarter of fiscal 2011 totaled $39,612,000, up 9 percent from $36,369,000 for the third quarter of fiscal year 2010. Net income attributable …
While manufactured homes in the United States are somewhat distinct from other forms of both factory-built and site-built housing because they follow federal manufacturing and safety standards, Kathleen Maynard, Executive Director and CEO of the Canadian Manufactured Housing Institute explains in an exclusive interview with MHMSM.com that there is no …
Stocks remained essentially flat Thursday while the Manufactured Housing Composite Value lost nearly one percent. The biggest decliner was Deer Valley Corp., down nearly four percent. Sun Communities and Global Diversified Industries posted small gains.
