Author name: MHProNews

Affiliated Managers close up, while most MH stocks slide

By / / Manufactured and Modular Housing News

CNNMoney tells MHProNews that the Dow rose to 13,172.14+2.71 / +0.02%. The rise puts the Dow up +7.81% year-to-date. The Yahoo! Financial Manufactured Housing Composite Index rose +2.11 to close at 996.0. Affiliated Managers Group lead gainers116.07  +0.45(+0.39%), while other tracked stocks lost ground today before the closing bell. Clayton Homes, Vanderbilt Mortgage and […]

Affiliated Managers close up, while most MH stocks slide Read More

Students Receive Delaware Manufactured Scholarships

By / / Manufactured and Modular Housing News

SussexCountian tells MHProNews that the First State Manufactured Housing Association in Delaware awarded two high school graduates their Manufactured Housing Scholarship Award for 2012. Sarah Bryan, a Delmarva Christian High School graduate, will be attending Southern Wesleyan University this fall. Bryan was a member of the student leadership council, science

Students Receive Delaware Manufactured Scholarships Read More

Forecast Slows, says Canada Mortgage and Housing Corp

By / / Manufactured and Modular Housing News

GlobeMail tells MHProNews that Canada Mortgage and Housing Corp (CMHC). is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing. CMHC states that housing starts and home sales have been good in 2012 – particularly when it comes to multiple-dwelling units such as condos

Forecast Slows, says Canada Mortgage and Housing Corp Read More

S&P says Dodd-Frank may cost Big Banks $34 Billion annually

By / / Manufactured and Modular Housing News

ComplianceWeek tells MHProNews about a new report, “Two Years On, Reassessing the Cost of Dodd-Frank for the Largest U.S. Banks,” Standard & Poor’s Ratings Services (S&P) updated its prior estimate of what new regulations may cost Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, PNC Financial Services, U.S.

S&P says Dodd-Frank may cost Big Banks $34 Billion annually Read More

Regulator May Act Against Eminent Domain Plan

By / / Manufactured and Modular Housing News

Reuters tells MHProNews that the Federal Housing Finance Agency (FHFA) raised concerns about a private investor group’s controversial aim to seize and restructure poor-performing mortgages. The federal housing regulator of the GSEs said it is concerned about the program’s constitutionality. “FHFA has significant concerns with programs that could undermine and

Regulator May Act Against Eminent Domain Plan Read More

RetirementPlanners dis-UFPI stock in recent report

By / / Manufactured and Modular Housing News

RetirementPlannings reports that Universal Forest Products, Inc. (NASDAQ: UFPI)  is in a downward trend pattern. Universal Forest Products, Inc. is a holding company. The Company provides capital, management and administrative resources to subsidiaries that design, manufacture and market wood and wood-alternative products for do-it-yourself (DIY)/retail home centers and other retailers,

RetirementPlanners dis-UFPI stock in recent report Read More

John Miller credit miaminewtimes posted on MHProNews.com, daily business news,

Community owner arrested for using front loader to evict residents

By / / Manufactured and Modular Housing News

MiamiHerald and MiamiNewsTimes reports that a landlordwas arrested for ramming a front end loader into an occupied rental home. Miller had rented the mobile home to Michelle Valdez, age 23, her brother, sister and law and Valdez’s three children. Valdez was current on her payments, but according to reports, had

Community owner arrested for using front loader to evict residents Read More

Dow rises, Manufactured Housing nudges higher too

By / / Manufactured and Modular Housing News

CNNMoney reports that the Dow edged higher today, continuing Monday’s rally.  The modest just-over-a-quarter percentage point gain came amid concerns that a French credit downgrade could harm the ‘save the Euro’ efforts in play.  The Dow closed at 11,555.63 +32.62  (+0.28%), down year to date -0.19%. The Yahoo! Financial Manufactured

Dow rises, Manufactured Housing nudges higher too Read More

Lt. Governor’s task force supervises removal of Irene damaged mobile homes

By / / Manufactured and Modular Housing News

MHProNews has learned that Vermont’s Lt. Governor Phil Scott and Secretary of Commerce and Community Development Lawrence Miller project for de-commissioning Irene damaged ‘mobile homes’ and replacing them with new manufactured homes has made significant progress. In a press release, the Lt. Governor’s office said “In our work so far,

Lt. Governor’s task force supervises removal of Irene damaged mobile homes Read More

NAR quarterly lobbying blows away manufactured housing lobby funding

By / / Manufactured and Modular Housing News

MSN reports that the National Association of Realtors (NAR) spent 6.1 million dollars in the 3’d quarter of 2011 in federal lobbying efforts.  This is down from 7.1 million spent in the 2nd quarter, but up from the 4.5 million spent by the group in the 3’d quarter of 2010.

NAR quarterly lobbying blows away manufactured housing lobby funding Read More

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

By / / 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

Stegmayer’s Statement Suggests Slow Dance to Replace Long

By / / 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 / / 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 / / 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 / / 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

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates