The Dow dropped .66 percent in response to the Federal Reserve Chairman Bernanke’s assessment that the economy is not picking up, to close at 12,109.67, as housing stocks closed mixed. The Manufactured Housing Composite lost 2.08 percent to close at 1005.30. Nobility Homes gained 1.63 percent and ELS gained .30 …
Dow Loses Steam on Fed’s Diagnosis, and Housing Stocks Close Mixed Read More
As a follow-up to MHARR’s initial June 16, 2011 report, the Manufactured Housing Institute (MHI) has now released, in written form, a modification to its proposed federal fire sprinkler standard that was addressed verbally during the June 15, 2011 conference call meeting of the Technical Structure and Design Subcommittee of …
The Dow gained 109.63 points as technology stocks advanced, to close at 12,190.01, and most housing stocks spiked upward for a second day in a row. The Manufactured Housing Composite gained 6.60 percent to close at 1026.60. Cavco gained 9.24 percent, Skyline Corporation rose 3.49 percent, MSCI was up 1.95 …
Dow Climbs Again Despite Greece Debt, as Many Housing Stocks Improve Read More
Despite Greece’s debt problems, the Dow managed to squeak a gain of 76.02 points and close at 12,080.38, while housing stocks closed up or even. The Manufactured Housing Composite gained 3.90 percent to close at 960. Palm Harbor Homes was up 30 percent, Nobility Homes gained 5.69 percent, Cavco Industries …
Recent industry news reports continue to misrepresent MHI’s position on fire sprinklers. MHI has never waivered from its opposition to mandatory fire sprinklers. MHI’s position has been reported in this publication, discussed at numerous MHI meetings, and in public testimony before the Manufactured Housing Consensus Committee (MHCC). MHI has supported …
Dow closed up 42.84 points on news of falling oil prices to end the week at 12,004.36, while housing stocks closed mixed. The Manufactured Housing Composite lost 1.87 percent to close at 926.90. ELS gained 2.67 percent, Nobility Homes was up 1.67 percent and Sun Communities gained 1.09 percent. Skyline …
The Dow gained 64.25 points in response to stronger than anticipated housing and employment news to close at 11,961.52. Most housing stocks also advanced. The Manufactured Housing Composite gained 1.06 percent to end the day at 944.50. Skyline Corporation gained 2.37 percent, ELS was up 1.40 percent, Cavco added 1.04 …
Dow Responds to Positive Economic News, Housing Stocks Mostly Gain Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) says the Manufactured Housing Institute (MHI) has issued a new proposal regarding sprinkler systems in HUD (Housing and Urban Development) code homes that MHARR says leaves the liability door open. MHI’s new suggestion states that sprinklers are federally preempted, but sets up …
The Manufactured Housing Institute (MHI) has shifted ground on its proposed “where required” sprinkler standard. But the new proposal continues to be flawed in its basic concept and would expose the industry — not only manufacturers, but more so retailers and communities that would have to deal with related logistical …
MHI Shifts Ground On Sprinklers – Proposal Remains Flawed And Risky For The Industry Read More
The Dow fell nearly 180 points to close at 11,897.27 following disheartening manufacturing news and renewed fears about Greece’s economy. Most housing stocks fell as well. The Manufactured Housing Composite lost 1.93 percent to close at 934.60. Nobility Homes gained 4.89 percent. However, Cavco lost 3.60 percent, Sun Communities was …
Dow Falls as Manufacturing Falters, Housing Stocks Mostly Fall Read More
The Neosho Daily News says ten Federal Emergency Management Agency (FEMA) manufactured homes have arrived at Neosho’s Camp Crowder, south of Joplin, Missouri, where they will be prepared for distribution to several sites in factory-built communities in Jasper and Newton Counties. Fifty more homes are set to arrive this week …
FEMA Housing Begins Arriving for Joplin MO Survivors Read More
The Dow responded positively to good news about inflation and retail sales, gaining a respectable 123.14 points to close at 12,076.11. The Manufactured Housing Composite fell .43 percent to end the day at 953. Sun Communities gained 1.38 percent, Cavco was up 1.15 percent and MSCI gained 1.10 percent. Nobility …
Following up on a series of stories we published about rent control ending in Oceanside, California communities, the last one being May 26, the San Diego Union reports the battle is heating up again, Southern California style. After the city spent millions to defend rent control, the Oceanside City Council …
The Dow closed slightly up based on positive corporate news, but watered down by a lowered credit rating for Greece. The Dow gained .01 percent to close at 11,952.97, while the Manufactured Housing Composite lost 3.02 percent to close at 957.10. Housing stocks closed mixed, with several taking a drubbing. …
Dow Moves up Barely, Some Housing Stocks Fall Down Read More
WREGNews3 in Memphis, Tennessee, says Shelby County residents of factory-built homes who were flooded out recently will have to seek higher ground if they relocate or replace their homes. An ordinance passed in August 2010 requires the floor of a manufactured home to be one foot above the 100-year flood …
Ordinance from 2010 Requires MHs to Be Above Flood Plain Read More
Washington, D.C., June 10, 2011 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics complied on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing production continues to decline significantly in 2011. In April 2011, 3,944 HUD Code homes were …
Industry Decline Worsens – Disinformation Persists Read More
The Dow dropped 172.45 points to fall below 12,000 for the first time in 3 months, closing at 11,951.91, as insurance and financial stocks and commodities took a beating. Several housing stocks closed down as well. Deer Valley gained 11.11 percent, MSCI moved up .19 percent. Meanwhile, Skyline Corporation lost …
Dow Stumbles at Week’s End as do Several Housing Stocks Read More
The Dow jumped back Thursday, June 9, after six consecutive days of closing down, buoyed by bank, utilities and energy stocks, to gain 75.42 points and close at 12,241.36. Housing stocks closed mixed. MSCI gained 1.62 percent and Equity LifeStyle Properties moved up .39 percent. Sun Communities lost 1.41 percent, …
MHI Disaster Housing Task Force Universal Design Temporary Housing Unit What does the term “Universal Design Temporary Housing Unit” mean? Please expand beyond how it is defined in the Industry Day Agenda. Session I–Codes and Amenities What are the benefits/challenges of building to a HUD code–Small Footprint Universal THU The …
Consensus Recommendations for FEMA Industry Day, June 7, 2011 Read More
“INDUSTRY DAY” MEETING EXPOSES CONCEPTUAL FLAWS AND NEED FOR MAJOR CHANGES
The Federal Emergency Management Agency (FEMA) held an “industry day” conference on June 7, 2011, to explain its concept of a “small footprint” HUD Code “temporary housing unit” (THU) for post-disaster relief and to obtain input and feedback regarding this concept from manufacturers. The all-day public conference in Washington, D.C. was attended by MHARR staff and representatives of a substantial number of MHARR and other HUD Code manufacturers, as well as third-party Primary Inspection Agencies (PIAs), retailers, suppliers and others.
From the extensive and detailed discussion at the meeting, as explained in greater detail below, it is apparent that the FEMA THU concept, while well-intended, is heading down the wrong track from the start and needs to be re-calibrated if it is ultimately to prove beneficial for those in need of post-disaster relief housing, the taxpayers who will be footing the bill for this initiative, and the industry.
