MHProNews

Allegations of Flooded, Fixed, Flipped ‘Mobile Homes’ hit state, international news

By / August 29, 2014 / Manufactured and Modular Housing News

The City of Federal Heights is changing building inspection rules in response to a televised investigation in a manufactured home community by 9Wants to Know, exposing safety concerns when flooded “mobile homes are resold to unsuspecting families,” NassauNewsLives tells MHProNews. Hundreds of flood damaged homes were sold rather than scraped. …

Allegations of Flooded, Fixed, Flipped ‘Mobile Homes’ hit state, international news Read More

Freddie Mac’s new Manufactured Housing finance program orignated by Walker & Dunlop

By / August 28, 2014 / Manufactured and Modular Housing News

The new Freddie Mac manufactured housing community (MHC) finance program announced last spring has been originated by Walker & Dunlop (W&D). The loan was for $10.5 million on Longhaven Estates, an MHC in Phoenix, AZ. The financing was secured for Cobblestone Real Estate, LLC, based in Oak Brook, IL, and …

Freddie Mac’s new Manufactured Housing finance program orignated by Walker & Dunlop Read More

Canadians Investing Large in U.S. Housing Markets

By / August 29, 2014 / Manufactured and Modular Housing News

“In the U.S., given the affordability and the fact that prices in the suburbs went down more significantly than in the cities you will see more and more options and opportunities outside big cities,” said Benjamin Tal, Canadian Imperial Bank of Commerce (CIBC) analyst. With Canadian markets hot – and …

Canadians Investing Large in U.S. Housing Markets Read More

Manufactured Home Community Rent Control on Public Meeting agenda

By / August 28, 2014 / Manufactured and Modular Housing News

The City of Santa Clarita, CA, will host three public comment meetings to discuss draft updates to Santa Clarita Municipal Code 6.02, the Manufactured Home Park Rent Adjustment Procedures. Meetings are open to the public, as well as to residents of manufactured home communities, business owners and managers. The City …

Manufactured Home Community Rent Control on Public Meeting agenda Read More

“The Big One” Cyber Attack coming? Markets and MH Composite all slide

By / August 28, 2014 / Manufactured and Modular Housing News

Big banks are poised to earn even more, cyber security experts say the ‘Big One’ is coming and fears from the Ukraine were among the factors cited by MarketWatch  moving investors. The three major indexes all lost ground today. Dow 17,078.87 -43.14 (-0.25%). Nasdaq 4,557.70 -11.92 (-0.26%). S&P 500 1,996.76 …

“The Big One” Cyber Attack coming? Markets and MH Composite all slide Read More

New York Times reports Long Island “Mobile Home Park” resales command $1 Million

By / August 28, 2014 / Manufactured and Modular Housing News

It isn’t just Aspen, Colorado or Malibu, California that one sees 7 figure sales involving manufactured homes in ‘mobile home parks.’ The New York Times  reports to MHProNews  that living-in or getaways-to Montauk Shores manufactured home community on the East End of Long Island has been enjoyed by celebrities such as Andy Warhol and Dick Cavett. Montauk Shores’ Mr. Alpha Doughan …

New York Times reports Long Island “Mobile Home Park” resales command $1 Million Read More

TV ad buys down, Online Digital Media Up, Marketers say

By / August 28, 2014 / Manufactured and Modular Housing News

In a trend with implications for manufactured homes and other housing marketers, the U.S. TV industry has seen its first big drop in ad buys since the great recession of 2009. More is being allocated to internet based strategies, FT  tells MHProNews. The Wall Street Journal has previously reported on this …

TV ad buys down, Online Digital Media Up, Marketers say Read More

“What Recovery?” Unemployed ask Federal Reserve at posh Jackson Hole conference

By / August 28, 2014 / Manufactured and Modular Housing News

  Unemployment is a factor in home purchases that industry leaders such as Cavco Industries Chairman and CEO, Joe Stegmayer, cites as a reason for the current level of home buying. While millions have reportedly given up on finding work, others have taken their case public, with a recent example …

“What Recovery?” Unemployed ask Federal Reserve at posh Jackson Hole conference Read More

Nimby Leading Loss of Affordable Housing? County buys MHC to close it

By / August 28, 2014 / Manufactured and Modular Housing News

De Kalb County, Illinois purchased to close “flood prone” Evergreen Village Mobile Home Park in Sycamore, the Daily Chronicle tells MHProNews. “I don’t have much of a choice, because we’re in a flood plain and I can’t fix houses,” the property owner, Frank Santoro said. “I have to accept what …

Nimby Leading Loss of Affordable Housing? County buys MHC to close it Read More

Heckaman Homes – A+ with BBB – celebrates 45 years and 20,000+ systems built homes

By / August 28, 2014 / Manufactured and Modular Housing News

Founded in 1969, Nappanee, Indiana based systems builder, Heckaman Homes has surpassed the 20,000 homes produced milestone. Rated A+ by the local Better Business Bureau (BBB), Heckaman was purchased by Craftech Building Systems Inc. in 1986. President John Mahnken “Started on the production line 25 years ago,” says Jeff Tanner, …

Heckaman Homes – A+ with BBB – celebrates 45 years and 20,000+ systems built homes Read More

U.S. Markets Down, Skyline leads gainers while MH Composite slides

By / August 27, 2014 / Manufactured and Modular Housing News

Twitter’s CEO sounded off on Snapchat’s 10 billion dollar valuation not being “absurd,” on a day that saw a modest retreat in U.S. exchanges. Dow 17,102.31 -4.39 (-0.03%). Nasdaq 4,564.85 -5.79 (-0.13%). S&P 500 1,997.83 -2.19 (-0.11%). Yahoo! Finance’s Manufactured Housing Composite Value: 848.7, today’s change: -0.63%. Affiliated Managers Group …

U.S. Markets Down, Skyline leads gainers while MH Composite slides Read More

CNBC says 5 to 6 Million Renting Should Own – Affordability = Credit Access, Rates & Price

By / August 27, 2014 / Manufactured and Modular Housing News

Tim Rood with the Collingwood Group was part of a CNBC discussion that pointed to factors that manufactured home professionals relate to: the many – and often competing – dynamics that cause someone to buy a home or stay in a rental. Elements such as price and interest rates, CNBC’s …

CNBC says 5 to 6 Million Renting Should Own – Affordability = Credit Access, Rates & Price Read More

Mobile Home Energy Makeover Contest Winner, Timely Tips

By / August 27, 2014 / Manufactured and Modular Housing News

Manufactured home owner Connie Jeffries, a home health aid and member of Petit Jean Electric Cooperative, won an energy efficiency makeover for her house, ECT Coop tells MHProNews. “They’ve already installed the new roof, windows, water heater, patio door and the geothermal heat pump system,” Jefferies said. “My son has …

Mobile Home Energy Makeover Contest Winner, Timely Tips Read More

Canadian Housing experts divided – soft landing or continued house price growth?

By / August 26, 2014 / Manufactured and Modular Housing News

Teranet-National house price index continued to rise in July. The index tracks single family home sales in 11 major cities, and is up 4.9% year over year and 4.1% year to date. “On the same day, the Canada Mortgage and Housing Corporation [CMHC] predicted the Canadian housing market would experience …

Canadian Housing experts divided – soft landing or continued house price growth? Read More

Market & Tech Talk – iPhone 6 & Housing Hot, Best Buy, Not

By / August 26, 2014 / Manufactured and Modular Housing News

Two weeks to the expected release date of the iPhone 6, and the shake, rattle and (death?) roll of Best Buy were among the headline grabbers that Marketwatch  touts to MHProNews. Housing is widely seen as looking up, and so went the markets overall today too. Dow 17,124.63 +47.76 +0.28%. …

Market & Tech Talk – iPhone 6 & Housing Hot, Best Buy, Not Read More

Boomers are Zoomers, Kevin Clayton says in latest PR Image Campaign announcement

By / August 26, 2014 / Manufactured and Modular Housing News

“Our customer research has revealed to us that this generation wants a home designed for entertaining and hobbies,” Kevin Clayton, CEO of Clayton Homes, says to MHProNews. “In fact, contrary to what some might think, this generation of retirees is very active and social. That is why they are referred …

Boomers are Zoomers, Kevin Clayton says in latest PR Image Campaign announcement Read More

Triangle Investor Doubles Manufactured Home Community Portfolio, buying 4 MHCs

By / August 26, 2014 / Manufactured and Modular Housing News

Cary NC based Affordable Communities Group (ACG) president Mike Conlon announced they have purchased 4 more manufactured home communities (MHCs). ACG has bought 16 land lease communities so far in 2014, totaling 1,700 total home sites, bizjournals  tells MHProNews. “What has happened is that a lot of park owners are …

Triangle Investor Doubles Manufactured Home Community Portfolio, buying 4 MHCs Read More

Rand Ghayad’s HuffPo OpEd questions Dodd-Frank factor in Lower U.S. Employment

By / August 25, 2014 / Manufactured and Modular Housing News

Rand Ghayad, PhD, questions which is adding to the depressed U.S. labor market more, regulations or a lack of demand for goods and services? Writing in the Huffington Post, Dr. Ghayad cites Bureau of Labor Statistics (BLS) figures pointing to only 0.3 loss due to “government regulations/intervention,” vs. “25 percent …

Rand Ghayad’s HuffPo OpEd questions Dodd-Frank factor in Lower U.S. Employment Read More

China-based international HomeBuilder Targets U.S. with $1,000,0000,000 in Projects

By / August 26, 2014 / Manufactured and Modular Housing News

Landsea Group Co. Ltd. announced investments of more than $1 billion in the U.S. housing market over the next several years, NassauNewsLive tells MHProNews. The first projects will begin with residential developments in three of our nation’s largest housing markets: New York, Los Angeles and San Francisco. To highlight the company’s entry into the U.S., …

China-based international HomeBuilder Targets U.S. with $1,000,0000,000 in Projects Read More

InvestorPlace says sell AMG, GFIG and TAXI

By / August 25, 2014 / Manufactured and Modular Housing News

  This week, Affiliated Managers Group, Inc. (AMG) drops from a C (a hold) to a D (sell) rating, says InvestorPlace to MHProNews. Affiliated Managers operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. AMG’s stock has …

InvestorPlace says sell AMG, GFIG and TAXI Read More

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