Manufactured and Modular Housing News

Dow Stumbles from Energy Sell-off, Most Housing Stocks Follow Read More

Dow Stumbles from Energy Sell-off, Most Housing Stocks Follow

By Matthew Silver / May 11, 2011 / Manufactured and Modular Housing News, Stocks

The Dow fell 130.33 points from a sell-off in gasoline and oil futures to close at 12,630.03, as most all housing stocks closed down. UMH gained .29 percent, but it was the only one on the plus side. Palm Harbor Homes dropped 23.33 percent, Skyline Corporation lost 4.37 percent, Cavco

Profits of Canadian LLC Owner Up Over Last Year Read More

Profits of Canadian LLC Owner Up Over Last Year

By Matthew Silver / May 11, 2011 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, Stocks

The Canadian Press reports that manufactured community owner Killam Properties (TSX:KMP) of Halifax, Nova Scotia, Canada says its earned net income for Q1 2011 was $16.5 million, up from last year’s first quarter of $6.4 million. The share valued increased year over year from .16 cents a share to .35

Cooperative Community Coping with Decrease in Residents Read More

Cooperative Community Coping with Decrease in Residents

By Matthew Silver / May 11, 2011 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

Treasure Coast Newspapers reports that Ocean Breeze Park, an incorporated pre-HUD code community on Florida’s eastern shore just south of Fort Pierce, lost 23 percent of its population between 2000 and 2010. Founded in 1938 by Harry and Queena Hoke as a 55-plus community, it was incorporated as a town

Modular Housing Building Going Up in Suburban Boston Read More

Modular Housing Building Going Up in Suburban Boston

By Matthew Silver / May 11, 2011 / Manufactured and Modular Housing News, Modular, news-at-noon

The Somerville Patch of Somerville, Massachusetts, reports a 15,000 square-foot vacant lot will soon be home to a nine unit modular housing building on Cedar Street. Plans have been approved by both the Planning Board and the Zoning Board of Appeals, and the foundation will be poured once the city

MHARR to Issue Series of Needed MHIndustry Changes Read More

MHARR to Issue Series of Needed MHIndustry Changes

By Matthew Silver / May 11, 2011 / Advocacy, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, People

In noting the 13 percent drop in manufactured housing in the first quarter of this year over 2010, and the continued decline in the industry before the broader housing crisis settled in, the Manufactured Housing Association for Regulatory Reform (MHARR) will issue a series of briefs and fact sheets about

Mississippi Manufactured Housing Show Site Flooded Read More

Mississippi Manufactured Housing Show Site Flooded

By Matthew Silver / May 11, 2011 / Communities, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

The site near the Tunica Manufactured Housing Show in Tunica, Mississippi, has been flooded by the recent rising tide of the Mississippi River and its tributaries. Yahoo! News shows pictures of the flood waters around the casinos, and notes that the state earns $10 million a month in taxes from

Sun Communities is Currently a Good Stock to Buy Read More

Sun Communities is Currently a Good Stock to Buy

By Matthew Silver / May 11, 2011 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, Stocks

Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was

Dow and Most Housing Stocks Moved Up on Good News Read More

Dow and Most Housing Stocks Moved Up on Good News

By Matthew Silver / May 10, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

The Dow rose for the third straight day upon news of Microsoft buying Skype and positive corporate earnings reports, and most housing stocks gained as well. The Dow gained .60 percent to close at 12,760.36. In housing stocks, Palm Harbor gained 3.45 percent, Sun Communities was up 2.74 percent, Skyline

Foreclosed Homes May House Alabama Tornado Victims Read More

Foreclosed Homes May House Alabama Tornado Victims

By Matthew Silver / May 10, 2011 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

International Business Times reports that Housing and Urban Development (HUD) Secretary Shaun Donovan says there are 1,000 foreclosed homes in Alabama that could be available to house people left homeless by the April 29 tornadoes. Although the government does not have an exact number of how many people are

Friend of Manufactured Housing to Run for U.S. Senate Read More

Friend of Manufactured Housing to Run for U.S. Senate

By Matthew Silver / May 10, 2011 / Advocacy, Legislation, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, People

RV Business says Democratic U.S. Representative Joe Donnelly of Indiana will make a run for the U.S. Senate seat now held by Republican Senator Richard Lugar. Rep. Donnelly’s website says from June, 2010, in part: “Congressman Donnelly has been an advocate for the manufactured housing industry, a vital part of

Plumbers Helping Seniors in Manufactured Housing on Own Dime Read More

Plumbers Helping Seniors in Manufactured Housing on Own Dime

By Matthew Silver / May 10, 2011 / Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

The Las Vegas Review-Journal says the Community Action Program of the Plumbers, Pipefitters and Service Technicians Local 525 is helping with the plumbing needs of seniors on fixed incomes who live in manufactured homes. Lou Salazar, the local’s residential business representative, started the program 13 years ago using union

Rent Control on the Table as City Plans Annexation Read More

Rent Control on the Table as City Plans Annexation

By Matthew Silver / May 10, 2011 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, mobile home, news-at-noon, regulation

The Press-Enterprise reports that the city of San Jacinto, California, is planning to annex some land that includes Country Lake Mobile Home Community. Country Lake residents are protected by a rent control ordinance in Riverview County, but San Jacinto does not have rent control, so any agreement could apply only

Net Income for Berkshire-Hathaway Drops in Q1 2011 Read More

Net Income for Berkshire-Hathaway Drops in Q1 2011

By Matthew Silver / May 10, 2011 / Business, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

Zacks says that the Berkshire-Hathaway first quarter 2011 operating earnings report shows a 49 percent drop from Q1 2010. Although total revenue gained 5.3 percent year-over-year, net income was .61 cents per share, dropping 59 percent from the same quarter last year. The loss was attributable primarily to insurance expenses

Study Shows Ohio Cities Hit Hard by Housing Crisis Read More

Study Shows Ohio Cities Hit Hard by Housing Crisis

By Matthew Silver / May 10, 2011 / Economy, Legal, Manufactured and Modular Housing News, news-at-noon, Trends

HousingWire reports the three largest cities in Ohio – Cleveland, Cincinnati, and Columbus – accounted for 45,000 foreclosures since 2009. A national network of community organizations, National People’s Action (NPA), in a survey of foreclosed properties over a 27 month period, determined that each foreclosure in the Buckeye state brought

Dow Rebounds from Early Sell-off as Housing Stocks Close Mixed Read More

Dow Rebounds from Early Sell-off as Housing Stocks Close Mixed

By Matthew Silver / May 9, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

The Dow rose 45.94 points as oil and commodity prices rose from an early morning low to close at 12,684.68. In housing stocks, UMH was up .99 percent, Equity Lifestyle Properties gained .98 percent, Sun Communities rose .90 percent and MSCI gained .56 percent. Palm Harbor Homes lost 17.14 percent,

FEMA Homes Arriving in Areas Hit by Twisters Read More

FEMA Homes Arriving in Areas Hit by Twisters

By Matthew Silver / May 9, 2011 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

The Times Daily reports from Northern Alabama that Federal Emergency Management Agency (FEMA) homes have started arriving in Franklin County to house victims of the April 27 tornadoes in areas where rental housing is limited. Eleven homes arrived over the weekend, and 30 more FEMA homes are expected by local

Housing Market Continues to Flounder Read More

Housing Market Continues to Flounder

By Matthew Silver / May 9, 2011 / Business, Economy, home buyers, Manufactured and Modular Housing News, news-at-noon

According to Bloomberg, Zillow, Inc. reports that the number of homes with negative equity increased from 22 percent a year ago to 28 percent Q1 2011. There were 16.2 million homes worth less than the amount owed, compared to 13.1 homes in that situation one year ago. Home prices dropped

Longtime Land Lease Community in North Carolina to Close Read More

Longtime Land Lease Community in North Carolina to Close

By Matthew Silver / May 9, 2011 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon, People

The Fayetteville Observer writes that nearly 300 families will be uprooted when Fairlane Acres in Fayetteville, North Carolina, closes later this year. The Wellons family has had a 50-year lease since the early 1960s, which is near its end, and the land owners will no doubt take advantage of the