Author name: MHProNews

Manufactured Housing Stocks Rising before Labor Day Weekend Read More

Manufactured Housing Stocks Rising before Labor Day Weekend

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

The Dow slipped, while other U.S. exchanges rose and most tracked stocks went up in advance of the Labor Day weekend. Dow 17,063.88 -15.69 (-0.09%). Nasdaq 4,572.95 +15.25 (+0.33%). S&P 500 1,999.93 +3.19 (+0.16%). Yahoo! Finance’s Manufactured Housing Composite Value: 831.1. Today’s Change: +0.12%. Affiliated Managers Group (AMG) $210.97 +0.69

Judge says MH class-action lawsuit heading for trial Read More

Judge says MH class-action lawsuit heading for trial

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

Following up on our previous report on Moscow, Idaho’s Syringa Mobile Home Park legal fracas, Latah County 2nd District Judge John R. Stegner has told attorney’s representing community owner Magar E. Magar and roughly 140 residents that the case is heading to trial to settle the claims and damages. Elizabeth

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

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

By MHProNews / 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.

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

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

By MHProNews / August 29, 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

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

Canadians Investing Large in U.S. Housing Markets

By MHProNews / 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

Manufactured Home Community Rent Control on Public Meeting agenda Read More

Manufactured Home Community Rent Control on Public Meeting agenda

By MHProNews / August 29, 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

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

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

By MHProNews / 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

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

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

By MHProNews / 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

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

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

By MHProNews / 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

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

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

By MHProNews / 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

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

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

By MHProNews / 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

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

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

By MHProNews / 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,

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

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

By MHProNews / 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

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

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

By MHProNews / 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

Mobile Home Energy Makeover Contest Winner, Timely Tips Read More

Mobile Home Energy Makeover Contest Winner, Timely Tips

By MHProNews / 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