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.
Cavco Industries announced Monday that Fleetwood Homes, Inc., a subsidiary owned 50 percent by Cavco and 50 percent by Third Avenue Value Fund, has entered into an agreement with Palm Harbor Homes to provide debtor-in-possession (DIP) financing to Palm Harbor and certain of its subsidiaries during the reorganization of Palm …
Cavco Announces Palm Harbor Asset Purchase Agreement Read More
Stocks closed down 95 points Friday, arriving at 11,092. Palm Harbor Homes managed to close up 20 percent, however, and arrived at 14 cents per share. Most manufactured housing and related stocks on the watch list were within one percentage point up or down from Wednesday’s close before the Thanksgiving …
EpicStockPicks.com named Palm Harbor Homes one of its Top Losers On NASDAQ November 23rd. The company slumped 16.11 percent to $0.28 after falling to its 52-week low of $0.13 in the opening session. The site also noted the stock has plunged 93 percent so far in the current year.
From Mississippi, the Picayune Item reports that county officials indicated recently that federal, state and local officials are tightening code enforcement of wind zone rating regulations. According to the report, Pearl River County carries a wind zone rating of two, and in order to connect to the power grid a …
Manufactured Homes in MS County Have to Meet Wind Zone II Ratings Read More
From Texas, the Fort Worth Star Telegram reports that a state advisory panel’s recommendation to outsource installation inspections of thousands of manufactured homes is meeting opposition from state regulators and industry officials. Joe A. Garcia, executive director of the state’s Manufactured Housing Division told the reporter as long as the …
Outsourcing of Manufactured-home Inspections Opposed Read More
From Minnesota, Montevideo American-News reports that the city council recently approved resolutions calling on the owners of multiple homes in the Northdale Community manufactured housing community to make repairs and improvements to the homes. According to the report, the resolutions followed examination by council members of inspection reports by the …
City Orders Cleanup Work at Manufactured Home Community Read More
The Dow closed down 142 points Tuesday following military action on the Korean Peninsula. Also Tuesday the Central Bank slashed the economic outlook through 2011. Manufactured home and related stocks were broadly lower. Palm Harbor Homes closed down 25 percent, Deer Valley was off 6.25 percent and Cavco was off …
From New York, the Babylon Village Patch reports that a proposal to build two modular homes on what is now a single-family lot is drawing concerns from residents. Placing the homes would require several zoning variances related to side yard and rear yard requirements. Several residents raised concerns related not …
Senior Housing News reports that data for the broad housing market continues to be lackluster and the National Association of Homebuilders 55+ Housing Market Index shows that the senior housing market continues to follow similar trends. “While we have anecdotal information that some local 55+ markets are beginning to rebound, …
NAHB’s Senior Housing Stats Show Continued Difficulties Read More
The Wall Street Journal reports that J.P. Morgan Chase & Co. more than doubled the amount of loans it has offered through the Small Business Administration in fiscal 2010. The bank delivered 3,386 loans in fiscal 2010, more than double last year’s volume, as it reclaimed the number one spot in …
The Democrat-Herald reports that the Oregon Department of Environmental Quality (DEQ) is inviting written comments from the public concerning the proposed renewal of an air quality permit for Palm Harbor Homes in Millersburg. The company is requesting renewal of its air permit with no changes. DEQ has determined that Palm …
Oregon DEQ Taking Comments on Palm Harbor Air Permit Read More
Existing-home sales retreated in October on the heels of two strong monthly gains, according to the National Association of Realtors. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 2.2 percent to a seasonally adjusted annual rate of 4.43 million in October from 4.53 million …
Existing-Home Sales Decline in October Following Two Monthly Gains Read More
An Associated Press story with a Boise, Idaho dateline portrayed some good news for the manufactured housing industry. The report indicates a combination of frugal buyers and affordable prices is spurring an increase in the sale of manufactured homes across the state. The AP notes the Idaho Statesman reported 157 …
Manufactured Housing Sales on the Increase in Idaho Read More
Stocks tried to fight off declines on Monday, but ended 24 points short of turning performance positive. The Dow Jones US Home Construction Index closed 1.74 percent lower. Palm Harbor Homes continued to gain back a little of its lost value, ending up seven percent Monday to close at 18 …
Deer Valley Corporation announced this week that Shad L. Stastney has been elected to the firm’s Board of Directors, effective November 22, 2011. Stastney will fill one of two vacancies on the Board and will bring the Board to six. He graduated from the University of North Dakota in 1990 …
Deer Valley Corporation Announces Election of New Director Read More
From Mississippi, the Clarion Ledger reports that by delaying a vote earlier this week on a major zoning ordinance, supervisors in Rankin County now have time to meet with residents to explain how the legislation will affect them. Rural residents and a manufactured home interest group complained Monday that a …
Soundings Trade Only, a publication for the Marine Industry reports that the Small Business Administration (SBA) is developing a revised Dealer Floorplan Program to replace the expired pilot program. The news came to the paper from the National Marine Manufacturers Association (NMMA). According to the report, the NMMA and other industry …
The RV/MH Hall of Fame in Elkhart, Indiana is preparing to launch fundraising efforts to complete a new facility to showcase the history of manufactured housing. The Hall of Fame has applied for a $6 million USDA loan to construct Manufactured Housing Hall which is the final component of the complex. …
Hall of Fame Begins Fundraising for Manufactured Housing Hall Read More
Stocks reversed a day of decline to close higher Friday. The Dow gained 22 points. The Dow Jones US Home Construction Index was off by one percent. Palm Harbor Homes gained a little more than four percent to close at 17 cents a share. UMH Properties lost a little more …
2011 promises to be the Year or the Manufactured Home Show. Not only will we see the return of the Louisville Manufactured Housing Show in January, but the Pennsylvania Manufactured Housing Association has scheduled its HOMExpo 2011 at the Expo Center in York, PA for the end of April. PHMA …
