Bank Talk
Financial News and Commentary

MH Sales continue to slow

July 30th, 2007

This document from the US Census shows the trend of shipments in the United States.  Sales are down consistently, year over year, except for the small bump that took place (more…)

  • Share/Bookmark
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

Filed under: Business | No Tag
No Tag
July 30th, 2007 14:42:03

The FHA Manufactured Housing Loan Modernization Act of 2007

July 27th, 2007

Just a moment to mention that the FHA Manufactured Housing Loan Modernization Act of 2007 has passed the House of Representatives. It is now in committee with the Senate Committee on Banking, Housing, and Urban Affairs. Chris Dodd (D-CT) and Richard Shelby (R-AL) are the ranking members.

I like the simple explanation of this bill that is provided on this site.

You can contact their offices or that of another Senator on the committee by filling out a contact form here. (more…)

  • Share/Bookmark
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

Filed under: Editorial, Government Affairs | No Tag
No Tag
July 27th, 2007 16:18:17

FEMA extends Park's Stay in one Mississippi City

July 27th, 2007

A FEMA community in Bay St. Louis, Mississippi that was scheduled to close at the end of August will remain open at least through January of 2008.

FEMA granted the extension to Bay Village Trailer Park because the supply of (more…)

  • Share/Bookmark
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

Filed under: Katrina | No Tag
No Tag
July 27th, 2007 16:00:05

Ohio Park to Close

July 26th, 2007

In an all-too familiar case of unintended consequences, a land-lease community in Licking County, Ohio will close after county health department inspectors demanded that a park owner make improvements to the park’s electrical system.

County inspectors asked Rex Masterson,owner of Felumlee Mobile Home Court, (more…)

  • Share/Bookmark
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

Filed under: Manufactured Housing in the News | No Tag
No Tag
July 26th, 2007 14:23:15

Fleetwood Posts A Loss

July 26th, 2007

Fleetwood reports that it lost 61 cents a share for the quarter and $1.41 a share for the last year.  Most of the loss is attributed not to manufactured housing, though, but instead to its travel trailer division.  In fact, Fleetwood finds that manufactured home sales are still strong in the Southeastern United States.

The declining sales in travel trailers reflect the one-time jump that occurred after FEMA ordered so many units to take care of households affected by Katrina in 2006.

  • Share/Bookmark
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

Filed under: Business | No Tag
No Tag
July 26th, 2007 14:04:46
pageTracker._initData(); pageTracker._trackPageview(); } catch(err) {}