The Manufactured Housing Institute (MHI) says it and the National Communities Council (NCC) met with Housing and Urban Development (HUD) representatives to discuss a federal program to develop and rehabilitate manufactured housing communities. Federal Housing Administration’s (FHA) 207(m) is a mortgage insurance program for owners and developers to obtain financing. …
The Palm Beach Post reports that over 100 residents of manufactured communities in Florida attended a Florida Public Service Commission (FPSC) hearing regarding Aqua Utilities Florida Inc.’s request for a rate increase. The FPSC has conducted a series of public meetings attended by hundreds of customers since October to complain …
West Virginia Public Broadcasting recorded two voices from the manufactured housing industry in West Virginia. A 23-year veteran in the business, and now the general manager of Freedom Homes in Raleigh County, Rocky Mills says several of his competitors have gone out of business because of the rough economy. He …
MH Pros in West Virginia Say Industry Is Toughing it Out Read More
Following up on an article we published May 24 regarding Cordova, Alabama, Mayor Jack Scott’s insistence on keeping Federal Emergency Management Agency (FEMA) homes out of Cordova, The Birmingham News reports that 200 people showed up for a city council meeting to protest the ban, many venting their frustrations. Mayor …
Tempers Flare at Cordova, Alabama, City Council Meeting Read More
Following up on an article we published here May 20, the Tuscaloosa News says eight Federal Emergency Management Agency (FEMA) homes have been delivered to Tuscaloosa County following the devastating tornadoes of April 27, and are being sited at a community outside the city limits. Over 250 FEMA homes have …
The Daily Camera in Boulder, Colorado, says residents of Orchard Grove, a factory-built home community in Boulder, want to change five acres of empty land from medium-density residential to manufactured housing. The community of 450 residents is included in Boulder’s affordable housing quota. In 2008 the city rezoned the occupied …
With 19 years in the industry, Jay Hamilton has become the new executive director of the Georgia Manufactured Housing Association. In a conversation with MHMSM, he indicated he has held numerous sales positions, first with Champion Homes, and more recently with Fleetwood Homes as Regional Sales Manager until they sold …
Following up on a story we published here May 20, The Birmingham News says Cordova, Alabama, Mayor Jack Scott continues to refuse to allow Federal Emergency Management Agency (FEMA) homes to site in his town despite pleas from residents. Danny Banks’ single section home was destroyed by the tornado April …
Cordova, Alabama, Mayor Continues to Keep FEMA Homes Out Read More
The Langley Advance reports one of the largest modular and manufactured housing firms in Canada is being sold to Western One Equity Income Fund for $93 million. Britco, of British Columbia, which supplied the Winter Olympics with the Whistler Village modular units, will become part of a public company that …
Business Wire says T.J.T., Inc., is closing its Platteville, Colorado, operation which served manufactured housing plants in a tri-state area with recycled axles, running gear and tires. Many of the plants have either closed or reduced housing production. T.J.T., established in 1977, is moving its collection and distribution operation to …
The Birmingham News reports that the Federal Emergency Management Agency (FEMA) has approved nearly 250 FEMA manufactured homes for refugees of last month’s tornadoes in Alabama, but so far only 35 are occupied. Before a home can be sited, officials have to make certain the space is suitable, and that …
FEMA Homes Require Installation Effort to Be Habitable Read More
The Manufactured Housing Institute (MHI) responded favorably to the Department of Housing and Urban Development’s (HUD) revision of “Subpart I-Consumer Complaint Handling and Remedial Action.” MHI welcomes and agrees with many of the alterations made by HUD regarding the inspection, record-keeping and assignment of responsibility for any problems that occur …
Michael Stoler reports in The New York Observer that a partnership led by The Carlyle Group and Crown Acquisitions is selling part of the first and second floor retail space at 666 Broadway in New York City that it bought in 2008 for $525 million. Valued at $6,187 per square …
The Crimson White reports from Alabama that 11,131 people in Tuscaloosa County have registered for assistance from the Federal Emergency Management Agency (FEMA), part of the 71,487 in the state who have signed up. An estimated 3.5 million cubic yards of debris litter the state, 1.5 million of it in …
Tuscaloosa Defies Law Allowing Modular Units in AL Cities Read More
CityBizlist of Charlotte/Raleigh, North Carolina says that Horizon Land Company of Crofton, Maryland, has closed a $1.15 million sale of shares to 14 investors of Winston Salem Investments. Meanwhile, CityBizList of Maryland reports, according to a filing with the U.S. Securities and Exchange Commission (SEC), that Carolina Village MHP (Mobile …
WBRC MyFoxAL reports from northern Alabama that dozens of Federal Emergency Management Agency (FEMA) homes are available for victims of the tornadoes, but not in Cordova, Alabama, in Walker County because the city ordinance prohibits single section homes inside city limits. Mayor Jack Scott says double-sectionals are allowed in certain …
City Ordinance Prohibits FEMA Homes, Despite Emergency Need Read More
The Bellingham Herald reports from Bellingham, Washington, that Puget Sound Energy (PSE) is going door-to-door to manufactured home owners, offering free energy-efficient devices valued at $500. Any PSE customer that has forced-air heating is eligible for upgrades that include energy efficient light bulbs, water faucet and shower head aerators, pipe …
Power Provider Offers MH Customers Free Energy Upgrades Read More
Zacks reports that Encore Wire Corporation (NASDAQ:WIRE), which makes a variety of interior copper wire for manufactured housing, apartment, home building, and commercial industries, has managed to prosper in spite of the housing crunch, even outpacing Zacks’ expectations. Eighty percent of its revenues are from non-residential building. The spread between …
Zacks reports that SmarTrend says of the five companies in the home building industry with the highest Price to Last Quarter Annualized (LQA) Sales ratios, Cavco Industries (NASDAQ:CVCO) ranks third with a Price LQA Sales of 1.46x. The formula is used to compare comparable companies and the lower the ratio, …
Cavco is Undervalued According to SmarTrend Analysis Read More
Blount Today reports that Jim and Kay Clayton have made a donation of $500,000 through the Clayton Family Foundation to the Second Harvest Food Bank in Maryville, Tennessee, where Clayton Homes and Clayton BanCorp are headquartered. The funds will be used to renovate a warehouse Second Harvest is buying for …
