One of the things that cannot be said enough about the process of bringing reform to the manufactured housing industry is that it takes the willingness to have imagination. People can get locked into seeing the empirical evidence that dots the landscape -- think run down parks, broken promises, and the like -- and decide that manufactured housing has fundamental constraints.Read More
Last week, MHR reviewed the performance at Palm Harbor (PHHM), where management is charting a safe course by focusing on its core higher margin operations (manufacturing and retailing), as well as paying off debt.Read More
What does the presence of manufactured housing tell us about America? What does it show us about a shelter? What makes an ideal home? How do those questions and their answers change over time?
These are some of the things that the curators of the Museum of Modern Art (MOMA) have attempted to ask in their latest exhibition. It is an exploration in to pre-fabricated houses.Read More
The latest round of earnings reports by some of the leading builders of manufactured homes shows that many are looking for new markets. The environment is tough right now: shipments of HUD-Code homes continue to be way below historical norms. Now, a larger crisis in lending is reducing the ability of buyers to finance new home purchases.Read More
Amid a week of dramatic and often challenging news from the housing industry, Fleetwood Homes reported its best operating quarter in a while. Its a good story that reflects some opportunity for manufactured housing. I emphasize operations because the company still lost 2 cents a share, but much of that was outside of the nuts and bolts of making manufactured housing.Read More
The new survey on banks is out from JD Power & Associates. The survey finds that people are growing increasingly unhappy about the level of service that they get at their bank. The survey covered experiences last year, before the credit crisis really took over the attention of the public. Presumably, that was also at a time when banks were operating at full speed.Read More