Once… Twice… the Dow posted gains for a second time in the New Year on Tuesday, closing up more than 20 points following a day of big gains on Monday. The Manufactured Housing Composite Value, however, declined a third of one percent. Gainers for the day included All American Group, …
Stocks roared into the New Year Monday as 98 points were added to the Dow. The index had been up more than 120 points earlier in the session. Manufactured housing and related stocks also performed well. UMH Properties and Drew Industries each added more than four percent, Sun Communities added …
MH Stocks Gain on First Day of Trading in New Year Read More
The Dow ended up seven points December 31 and some 11 percent for the year. The Manufactured Housing Composite Value ended the last day of the year on a sour note, however, down one and a quarter percent. The Index was down more than 17 percent for the year. Several …
Dow Adds 11 Percent in 2010, MH Values Drop Overall Read More
Energy companies led stocks higher on Wednesday. Most manufactured housing and related stocks also closed modestly higher. All American Group, Equity Lifestyle Properties and Universal Forest Products all added more than one percent to share value. Sun Communities and Drew Industries closed lower. The Manufactured Housing Composite Value was up …
The Manufactured Housing Composite Value moved down modestly Tuesday after two days of gains. Most manufactured housing and related stocks closed lower. The exceptions were Cavco and UMH Properties, which posted modest gains. Walker and Dunlop, a company that helps finance the purchase of manufactured housing communities, posted gains Wednesday, …
The days that remain before the Federal Trade Commission (FTC) begins enforcement of its Red Flag Rule can be counted with fingers. Enforcement will begin December 31. The regulator issued regulations known as the Red Flag Rule in 2007 requiring financial institutions and creditors to develop and implement written identity …
Federal Trade Commission (FTC) to Begin Enforcement of Red Flag Rule 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 …
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 …
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 …
Walker & Dunlop, Inc. announced Wednesday the pricing of its initial public offering of 10,000,000 shares of common stock at $10.00 per share. Established in 1937, Walker & Dunlop is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on …
Walker & Dunlop Announces the Pricing of Its Initial Public Offering Read More
From Florida, the Herald Tribune reports that residents of Country Lakes Villages, a two-property manufactured home community, have completed their bid to buy their properties for $31 million. According to the report, the homeowners bought the Palmetto property from California-based Country Lakes MHP Communities LLC. The deal that just closed …
From the Lone Star State, the Courier of Montgomery County reports that a plan to build a manufactured home subdivision next to their neighborhood, the residents of Conroe’s Lincoln Heights went before the City Council seeking a meeting with city officials and developer Leo Hewett. The homeowners have expressed concern …
Texas Community Worries about Impact of Property Values Read More
The Manufactured Housing Consensus Committee (MHCC), at its October 2010 meeting, tabled a HUD-MHI (Manufactured Housing Institute) proposal for an “as needed” federal fire sprinkler standard (one that supposedly would apply where sprinklers are voluntarily installed by the manufacturer or required for all homes by state or local law). Actually, sprinklers in manufactured homes should not even be an issue, and HUD, judging by recent comments, being unwilling to implement the enhanced preemption of the 2000 reform law, would be just as happy to stay out of the matter. But it is being drawn into this fray to appease a few larger companies that – spooked by local sprinkler standards in some Western states – are pushing this “as needed” shortcut. Predictably, however, it will come back to haunt the industry and its consumers. As explained below, therefore, the MHCC should deep-six this flawed shortcut.
Markets continued to rally Thursday with the Dow moving up more than 100 points on new U.S. home sales, and retail sales topped estimates. The Manufactured Housing Composite Value gained half of one percent. Top performers among manufactured housing and related stocks include Drew Industries, up more than four percent; …
The Indiana Department of Financial Institutions has been performing outreach to manufactured housing retailers and communities in order to insure compliance with the SAFE Act. Mark Bowersox, executive director of the Indiana Manufactured Housing Association (IMHA) told MHMSM.com his organization was previously told by the state that enforcement would be complaint-driven, …
Indiana Department Investigating for SAFE Act Compliance Read More
The Dow moved briefly below 11,000 today and European debt worries caused the Dow to shed nearly 200 points. The index settled above the 11,000 mark at the end of the trading day, however, down 178 or 1.59 percent. Palm Harbor Homes continued to shed share price value. By the …
Consensus Committee Charter Changes Challenged Those attending the Manufactured Housing Consensus Committee in October found out HUD had altered the committee’s charter earlier this year without input from the committee. Outgoing committee chair and executive director of Manufactured Housing Communities of Arizona, Susan Brenton, told MHMSM.com that HUD made the …
Consensus Committee Charter Changes Challenged 111110 Read More
Those attending the Manufactured Housing Consensus Committee (MHCC) in October found out HUD had altered the committee’s charter earlier this year without input from the committee. Outgoing committee chair and executive director of Manufactured Housing Communities of Arizona, Susan Brenton, told MHMSM.com that HUD made the decision under the authority …
MHCC Members Challenge Changes Charter, Proposal Process Read More
Surprise! HUD Alters Consensus Committee Charter Those attending the Manufactured Housing Consensus Committee meeting October 27th and 28th found out HUD had altered the committee’s charter earlier this year without input from the public or the committee. Susan Brenton, outgoing MHCC Chair and Executive Director of Manufactured Housing Communities of …
Surprise! HUD Alters Consensus Committee Charter 110110 Read More
For the second time this year, the Manufactured Housing Consensus Committee (MHCC) convened in Arlington, VA on October 27-28. During the two day meeting, the full MHCC and its subcommittees considered numerous proposals to update the Manufactured Housing Construction and Safety Standards, listened to testimony from the public, and participated …
