MHProNews

Obama Administration and ACORN Housing accused of misuse of funds and corruption

By / November 29, 2011 / Manufactured and Modular Housing News

WashingtonTimes reports author/editor Matthew Vadum has accused the Obama administration of “new evidence of corruption” involving an affiliate of ACORN (Association of Community Organizations for Reform Now). Cause of Action – a watchdog group – pressed NeighborWorks America, a taxpayer-funded federal nonprofit that funneled more than $26.5 million in federal …

Obama Administration and ACORN Housing accused of misuse of funds and corruption Read More

Lexington man Sentenced in Federal Fraud case

By / November 29, 2011 / Manufactured and Modular Housing News

MHProNews has learned that 32 year old Robert C. Sasser of Lexington, South Carolina was sentenced in federal court on November 28th for wire fraud. In a case handled by U.S. Attorney Winston D. Holliday, Jr., United States District Judge Margaret B. Seymour sentenced Sasser to three years’ imprisonment and …

Lexington man Sentenced in Federal Fraud case Read More

Stegmayer’s Statement Suggests Slow Dance to Replace Long

By / November 22, 2011 / Manufactured and Modular Housing News

Cavco CEO and Manufactured Housing Institute (MHI) Chairman Joe Stegmayer’s exclusive statement to MHProNews.com last week sent the clear signal that no rapid appointment for a replacement to former MHI President Thayer Long should be expected.  His message was underscored in a conference call with the Manufactured Housing Executive Committee …

Stegmayer’s Statement Suggests Slow Dance to Replace Long Read More

Dow back in the Red, but MH markets not Dead

By / November 22, 2011 / Manufactured and Modular Housing News

CNNMoney reports that the Dow is back in negative territory for the year, with the market closing at 11,493.72 -53.59 (-0.46%) and a year-to-Date decline of -0.72%. Yahoo! Finance’s Manufactured Housing Composite value also declined, closing at 789.90 or a drop of -2.92%.  Affiliated Managers Group 85.56 -0.86 (-1.00%). Clayton …

Dow back in the Red, but MH markets not Dead Read More

“Burr-head” dies, funeral planned for Industry veteran

By / November 22, 2011 / Manufactured and Modular Housing News

CullmanSense reports that Gary “Burr-head” Don Allcorn, 57, of Addison, AL passed away on November 21, 2011 in Birmingham. Allcorn was born on August 31, 1954 in Addison. He attended Addison High School. He worked for Cavalier Homes, and most recently for Southern Energy Homes for the last 5 years. He is …

“Burr-head” dies, funeral planned for Industry veteran Read More

Resident protests doesn’t stop manufactured home community closure vote

By / November 22, 2011 / Manufactured and Modular Housing News

In a follow up to a story previously reported on MHProNews, ColumbiaMissourian reports that Columbia Regency mobile home park rezoning passed by a 5-2 vote of Columbia City Council. The Churchill Group expressed public interest last September in acquiring the property and redeveloping the location with 330 apartments for students …

Resident protests doesn’t stop manufactured home community closure vote Read More

Zoning board reversal allows mobile homes to be replaced

By / November 22, 2011 / Manufactured and Modular Housing News

WashingtonPost reports that the Prince Williams County, VA Board of Zoning Appeals reversed and rebuked a county decision to ban replacement of “mobile homes” in Holly Acres. Holly Acres Mobile Home park was effectively closed and many homes were ordered demolished in the wake of flooding from Tropical Storm Lee …

Zoning board reversal allows mobile homes to be replaced Read More

Visionary Builder says The Future is Now

By / November 22, 2011 / Manufactured and Modular Housing News

RecordNet reports on the first net zero development in Stockton California, which will consist of 22 modular homes built by Visionary Home Builders. California law has set the goal for all new home construction to be net zero by 2020, with commercial construction to achieve net zero by 2030. Nonprofit …

Visionary Builder says The Future is Now Read More

Congressman says: “I will do anything short of shooting them”

By / November 22, 2011 / Manufactured and Modular Housing News

In a follow up report on a prior story in MHProNews, CourthouseNews reports that Congressman Mo Brooks of Alabama stated his position against undocumented immigrants by saying “As your congressman, on the House floor, I will do anything short of shooting them.” This statement is part of the rallying cry …

Congressman says: “I will do anything short of shooting them” Read More

Up, Down and Around the Dow Goes, MH stocks follows

By / November 4, 2011 / Manufactured and Modular Housing News

CNNMoney reports that the Euro/Greek economic and political drama continues to impact U.S. markets, as revelations across the Atlantic often move the Dow, up, down and all around as they did today.  The Dow closed down at 11,983.24, -61.23 (-0.51%).  The Yahoo! Finance Manufactured Housing Composite Value also slid less …

Up, Down and Around the Dow Goes, MH stocks follows Read More

Manufactured Housing Stocks outperforms Dow on up day

By / November 4, 2011 / Manufactured and Modular Housing News

CNNMoney reports that the Dow closed up at 12,044.47  +208.43  (+1.76%), on news that the Europeans Central Bank announced its first rate cut in two years.  The Yahoo! Finance Manufactured Housing Composite Value rose to close at  869.7 +4.26%.  Affiliated Managers Group 94.30 +2.68  (+2.93%). Clayton Homes, Vanderbilt Mortgage and …

Manufactured Housing Stocks outperforms Dow on up day Read More

Georgia town attempting to violate federal law?

By / November 4, 2011 / Manufactured and Modular Housing News

MHProNews.com has learned about another case of what seems to be a local town overstepping their jurisdiction’s authority. WSBTV in Georgia reports on a story at Mountain Park George, in North Fulton County, where an effort is being made to pass a local law that bans ‘mobile homes.’ The video …

Georgia town attempting to violate federal law? Read More

Does Dodd-Frank Compliance take more than 10 million man hours a year?

By / November 4, 2011 / Manufactured and Modular Housing News

CNSNews reports on a story worth fact checking. They allege that it takes businesses 10.2 million man hours a year by to comply with Dodd-Frank Regulations. They compared this with the 5.5 million man hours needed to manufacture “every iPhone out there.” The regulatory burden is costing Americans jobs and reducing …

Does Dodd-Frank Compliance take more than 10 million man hours a year? Read More

16 Million crime didn’t pay; HUD MH Fraud case ends in guilty plea

By / November 3, 2011 / Manufactured and Modular Housing News

MortgageDaily reports that Roger Dean Bailey, Jr. plead guilty in a North Carolina federal district court to five counts of defrauding dozens who sought to finance manufactured home loans. The 38 year old Bailey plead guilty to one count of conspiracy to commit wire fraud and making false statements to the …

16 Million crime didn’t pay; HUD MH Fraud case ends in guilty plea Read More

UMH Properties, Inc. Announces New Acquisition

By / November 3, 2011 / Manufactured and Modular Housing News

MHProNews.com learned that UMH has recently announced it has closed on the acquisition of Clinton Mobile Home Resort, a 116-site manufactured home community situated on 24 acres, located in the City of Tiffin, County of Seneca, in the State of Ohio, for a purchase price of $3,450,000.  UMH is a …

UMH Properties, Inc. Announces New Acquisition Read More

Drew third quarter results posted

By / November 3, 2011 / Manufactured and Modular Housing News

MHProNews.com has learned that Drew Industries, Inc. – a supplier of components to the manufactured housing and recreational vehicle industries – has released it’s third quarter results. Revenue rose 13.6 percent to $166.7 million from $146.8 million. Sales of RV components rose 12 percent to $136 million, while manufactured housing …

Drew third quarter results posted Read More

Dow Takes the Plunge, MH Suffers Grunge Times Two

By / November 1, 2011 / Manufactured and Modular Housing News

CNNMoney reports that stocks nose-dived as word that the EU/Greek bail out may fall apart, and slowly recovered later in the day.  The Dow closed off -297.05 (-2.48), to close at 11,657.96.  The Yahoo! Finance’s Manufactured Housing Composite value dropped twice as hard, closing at 797.2 (-5.13%). Affiliated Managers Group …

Dow Takes the Plunge, MH Suffers Grunge Times Two Read More

“Oh, Canada” investors sing “Viva Las Vegas!”

By / November 1, 2011 / Manufactured and Modular Housing News

CalgaryHerald, MontrealTribune and REBryanEllis reports growing interest among Canadian investors in Las Vegas as a safe bet for long term real estate payouts. Steve Martel of Martels Real Estate, an Ottawa broker said, “Where in Canada can you currently buy a $50,000 property that you can turn around and rent …

“Oh, Canada” investors sing “Viva Las Vegas!” Read More

Debunking the ‘Un-healthy’ Myth of Factory Built Housing; superiority of systems building

By / November 1, 2011 / Manufactured and Modular Housing News

MHProNews has learned that the presentations made at the 2011 Healthy Homes Conference have become available, including “Debunking the “Un-healthy” Myth of Factory Built Housing and Its Use as a Superior Healthy Building Alternative” by Michelle Roberts & Rick Terry. The conference was supported by various agencies, including the Department …

Debunking the ‘Un-healthy’ Myth of Factory Built Housing; superiority of systems building Read More

Cavco to announce Second Quarter Fiscal Year 2012 Earnings Release and Webcast review

By / November 1, 2011 / Manufactured and Modular Housing News

MHProNews has learned that Cavco Industries, Inc. will release their second quarter 2012 results on November 4th after the close of the market.  Their senior management will discuss the second quarter results in a live webcast the following day, Friday, November 4, 2011 at 12:00 noon Eastern Time.  Cavco Industries …

Cavco to announce Second Quarter Fiscal Year 2012 Earnings Release and Webcast review Read More

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