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
It is hard to concentrate at work today, what with the developing crisis in the financial markets. Fannie Mae and Freddie Mac, the nation's largest purchases of home mortgage securities, are spiraling downwards. What will be done about it? Will the regulators abandon their free market posture? Will Freddie be taken over? How would it be done? The questions go on and on.Read More
Check out the expansive coverage of the situation facing residents in Raleigh's Homestead Village Mobile Home Park in this week's Independent Weekly. The story, "Paradise Lost: Mobile Home Park Residents Caught in a Catch-22" is another example of the crisis of park closure that plagues many communities in the country.
Bob Geary, a writer with plenty of experience covering planning board and development issues, visits with Claudia Shows, the Estradas, the Bryants, and the Webbs. His story explains the concrete problems facing these households. He then links their plight to more systemic troubles that corrupt the sustainability of homeownership for residents of mobile home parks.
This story came about, in part, due to the power of blogging. Mr. Geary noticed the story while researching for issues on BlueNC. It was a diary entry about the situation at Homestead Village thatRead More