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.
Kentucky Governor Steve Beshear recently appointed insurance agent Samuel Earl Lee to the Kentucky Housing Corporation Board of Directors to serve for a term expiring Oct. 30, 2014. Lee will represent the interests of the manufactured housing industry. At the time of publication, Lee had not returned our call requesting comment.
From Missouri, Knox.com reports about an effort underway to keep manufactured homes and other personal property items from being subject to a tax. According to the report, Richard LaViolet has approval from the Secretary of State to begin collecting signatures for a constitutional amendment that would do away with Missouri’s …
Missouri Man Goes to Battle with Tax on Manufactured Homes Read More
From the Omaha World-Herald comes an upbeat article on manufactured housing by Erik Martin. The item, which ran in the real estate section, finds shoppers seeking to make their housing dollars go further in the current economy are taking a closer look at manufactured homes. “After looking at the options …
Nebraska Paper Puts Spotlight on Manufactured Homes Read More
Iowa Manufactured Housing Association Exec Joe Kelly sent out a notice this week that those who sell homes for under $25,000 in that state are required to register with the Attorney General of Iowa. Kelly says the second factor determining a registration requirement is that the home must be sold …
Recent news stories highlight the importance for the manufactured home industry of providing reporters and editors with the information necessary to get the terms right. As several recent cases concerning fires in likely pre-HUD Code mobile homes demonstrate, new reports frequently and inadvertently paint manufactured homes in a bad light, …
News Stories Highlight Importance of Media Education on Manufactured Homes Read More
Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011, according to the December 2010 Economic Outlook released today by Fannie Mae’s (FNMA/OTC) Economics & Mortgage Market Analysis Group. Downside …
Economic Outlook Brightens According to Fannie Mae Read More
The Manufactured Housing Composite Value lurched forward two more percentage points Monday as major stocks logged gains in their share price. Cavco ended the day up more than four percent, Nobility Homes was up more than five percent and Skyline Corp. gained more than one percent. Equity Lifestyle Properties and …
Zack’s Investment Research reveals that analysts expect Cavco will end 2010 with profits following losses in 2009. Zack’s says in the last fiscal year, the company lost $0.52 per share. Cavco Industries is now estimated to attain profitability and earn $0.09 per share this year, based on 6.6 million shares …
Analysts Expect Cavco to Show Substantial Profit for 2010 Read More
From North Carolina, the Salisbury Post reports the City Council there will consider a large rezoning of approximately 43.6 acres from General Residential to Manufactured Home Development. According to a memo cited in the report, the rezoning alleviates a nonconforming situation for this residential area that is primarily developed with …
Rezoning to Alleviate Nonconforming Situation for Manufactured Homes Read More
The Federal Trade Commission (FTC) will begin enforcement of the Red Flags Rule on December 31, 2010. The FTC issued regulations (the Red Flags Rule) on November 9, 2007 requiring financial institutions and creditors to develop and implement written identity theft prevention programs as part of the Fair and Accurate …
From Washington State, the HeraldNet reports that residents of manufactured home communities in the city of Lynnwood are being reassured by a new law that requires community owners in the city to go through a rezone process before selling the land to be used for other purposes. The report indicates …
New Law Helps Prevent Community Closures in Washington Read More
The Huffington Post ran a column Monday by Minnesota Senator Al Franken on the topic of net neutrality. The concept favors a level playing field online for businesses large and small and small publishers like MHMSM.com and large media conglomerates. Franken says the draft regulations written by FCC Chairman Julius …
EarthTechling reports that a new California home by Utah-based Irontown Homes is expected to receive LEED Platinum certification, the U.S. Green Building Council’s highest eco rating. The Los Altos home designed by LivingHomes and architect Ray Kappe, may actually exceed USGB’s point requirements. The company cites a climate-controlled factory manufacturing process …
California Modular Could Exceed Requirements for LEED Platinum Read More
From Delaware, the Cape-Gazette reports that Sussex County officials have approved a series of amendments to ordinances regulating manufactured home communities. The county council voted unanimously December 14 in favor of amendments to better define emergency ramps and remove some restrictions on the replacement of accessory buildings, such as sheds. …
Delaware County Adopts Manufactured Housing Ordinances Read More
The Manufactured Housing Composite Value jumped more than ten percentage points Friday as the Dow ended the day seven points lower. Leading the way was Skyline Corporation, ending the day more than 14 percent higher and closing at $27.50 a share. Deer Valley Corp. was up ten percent for the …
From California, the Lookout News reports that the Santa Monica City Council approved new funding to help residents of Santa Monica’s oldest mobile home community upgrade to new manufactured homes. The financing program for new manufactured homes at Mountain View Mobile Home Park will facilitate the purchase of a maximum …
A new feature on Google being called the Books Ngram Viewer provides a historical reference to any terms used frequently enough to show on its charts. The books searched go back to the 1500s. About 72 percent of the books included were written in English. For instance, the charts show …
A new Fannie Mae study may provide insight into the future buyers of manufactured homes. Fannie Mae released the second installment of its 2010 Own-Rent Analysis finding the U.S. population is projected to grow by nearly 130 million people over the next 40 years and much of this growth will …
The Dow spent most of the day in the green and ended with a third percent gain of 41 points. The Manufactured Housing Composite Value gained more that one percent. Big gainers included previously mentioned UMH Properties, up more than four percent, as well as Barnes Group and Cavco, each …
UMH Properties announced that on December 15, it closed on the acquisition of five manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000. With this closing, UMH owns 35 communities containing approximately 8,000 sites. UMH says these all-age family communities total 824 sites situated on 215 …
UMH Properties Closes On Five PA Manufactured Home Communities Read More
