After the Bryan, Texas City Council and inspectors from various departments toured the 37 LLCs in the city in 2010, 117 factory-built homes had their utilities cut for safety reasons and 14 were demolished. 32 of the communities were affected. The ordinance to regulate the communities had been on the …
Despite fears of the European debt crisis and Greece’s continuing bailout problem, positive U.S. economic data in the employment and housing sectors helped drive the Dow Jones Industrial Average up nearly one percent, 123.06 points. to close at 12,904.01. “People know and are still fearful of the European Union crisis, …
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has …
The Dow and the Yahoo Finance Manufactured Housing Composite were going in opposite directions Wednesday. While the general indexes lost about one percent, the manufactured housing index gained as much and more. Gaining ground Wednesday were Cavco Industries, up .46 cents (.87 percent) to $53.18; Nobility Homes, up $1.25 (18.94 …
You might call it Flat Tuesday. Stocks pared losses experienced early in the trading day as optimism rose in regards to the financial situation in Greece. The Dow and Nasdaq ended the day close to where they started. The Yahoo Finance Manufactured Housing Composite Index gained just over one percent. …
Stocks, Decline, Rise, Close Near Where They Started Read More
CNNMoney tells MHProNews.com U.S. markets moved up following the Greek government’s approval of an austerity package that will increase the government’s chance of more bailout money and thereby prevent default. The Dow Jones Industrial Average gained 72.81 points, +0.57 percent, to close at 12,874.04. The Nasdaq gained just under one …
Greek Good News Lifts Dow; Drew Industries Gains as Well Read More
Stocks finished the week on a low note thanks to Greece’s ongoing debt drama, and ended the week in the red. Those watched stocks losing ground Friday included Affiliated Managers Group, Inc., down $1.14 (1.07 percent) to $105.60. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending …
CNNMoney tells MHProNews.com good news from Greece concerning their austerity plan gave breathing room to U.S. investors who watched the U.S. markets zig-zag all day, but it finally edged up on the plus side. The Dow Jones Industrial average gained +0.05 percent to close at 12,890.46, while the Nasdaq gained …
U.S. Stocks Edge Up; Patrick Ind. and Louisiana Pacific Post Gains Read More
MHProNews.com has learned from Robert S. Coldren of Hart, King & Coldren in Santa Ana, California, a Vista (CA) Superior Court judge’s ruling may help MHC owners sell their land if they cannot earn enough from renting home sites. According to utsandiego rent control has been in effect in Oceanside …
BACKGROUND: On February 2nd, the Insurance, Housing and Community Opportunity Subcommittee of the House Financial Services Committee held a hearing to look at the implementation of the Manufactured Housing Improvement Act of 2000. This hearing provided an important opportunity for industry groups, such as MHI, to provide constructive feedback on …
Action Request: Members of the House Financial Services Committee Need to Hear From You! Read More
There was little movement on Wall Street today as investors sat on the sidelines on uncertainty in Europe. The Yahoo Finance Manufactured Housing Composite was also little changed. Losing ground Wednesday were Allied Management Group lost .17 cents (.16 percent) to $107.35. Clayton Homes, Vanderbilt Mortgage and Finance, as well …
MHProNews.com has received a memorandum from Joe Stegmayer, Chairman of the Manufactured Housing Institute (MHI), regarding testimony at last week’s House Financial Services Committee hearing on HUD’s implementation of the Manufactured Housing Improvement Act of 2000. Noting the difficulty in gaining the attention of Congress, Stegmayer emphasizes the extended effort …
MHI Responds to Unexpected Testimony at Congressional Hearing Read More
Joe Kelly of the Iowa Manufactured Housing Association tells MHProNews.com HSB 593 would create a manufactured housing program fund to assist consumers with buying MH, especially if they are moving into land lease communities (LLC). Supported by Gov. Terry Branstad and leaders in the legislature, the bill authorizes the revolving …
Manufactured Housing Finance Legislation Introduced in House On February 1st, during a hearing of the Financial Services Subcommittee on Insurance, Housing and Community Opportunity evaluating the effectiveness of the Department of Housing and Urban Development’s (HUD) implementation of the Manufactured Housing Improvement Act of 2000, Rep. Gary Miller (R-42nd-CA) formally …
The Labor Department’s report of 243,000 new jobs in January, and falling unemployment drove all three U.S. market indexes to end the week on a high note. CNNMoney tells MHProNews.com the Dow Jones Industrial Average has gained five percent in 2012, reaching its highest level since 2008, gaining 156.82 points …
Mfg. Housing Composite and Cavco Skyrocket over 12 Percent Read More
Frontier Communications Corp. of Stamford, Conn. donated $10,000 to the RV/MH Hall of Fame in Elkhart, Ind. according to RVBusiness. A major provider of communications products to northern Indiana consumers, according to Tom McNulty, executive director and president of the museum, the funds will help maintain the financially struggling facility. …
As you are already aware, the House of Representatives Subcommittee on Insurance, Housing and Community Opportunity held an oversight hearing on February 1, 2012 specifically focusing on HUD’s implementation of the Manufactured Housing Improvement Act of 2000. The hearing, which has been a key objective of MHARR’s intensive engagement with …
MHARR Congressional Testimonies and Follow-Up Actions Read More
Federal Reserve Chairman Ben Bernanke told Congress full economic recovery may be three years away. Although noting some signs of improvement, his comments elicited speculation that the Fed may stimulate the economy if it deteriorates further. CNNMoney tells MHProNews.com earlier in the day the Dow Jones Industrial Average hit 12,740 …
Investors Shy Away from Market Following Bernanke’s Caution Read More
Washington, D.C., February 1, 2012 – A House of Representatives subcommittee, reacting to a nearly 90% decline in manufactured housing production over the past decade, questioned officials of the Department of Housing and Urban Development (HUD) at a February 1, 2012 hearing on the Department’s failure to fully and properly …
MHARR News Item — Congress Zeros-In On The 2000 Reform Law Read More
Stocks closed higher Wednesday with positive data on manufacturing pushing the Dow up more than 100 points mid-day. The Yahoo Finance Manufactured Housing Composite Index ended the day up nearly three percent. Manufactured housing stocks enjoying hump day gains include Allied Management Group, up $2.90 (2.89 percent) to $103.41. Clayton …
