In a follow up to a story published on MHProNews August 17th, BlueRidgeNow reports that 55 year old Roger Leon King plead guilty to 7 counts of obtaining property by false pretenses, totaling more than $290,000. Arrested in August on 2 counts, King was charged with five additional counts in […]
MHProNews has learned that SABIC Innovative Plastics and construction supply firm Meccano de Mexico developed one-piece, reusable concrete forms made from SABIC’s LNP Verton long glass fiber reinforced thermoplastic composite. The corrosion-resistant composite forms developed by SABIC and Meccano de Mexico replace heavy multi-piece steel forms. They are used to
Companies team up for new panelized building process Read More
MHProNews has learned that the National Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) bestowed 23 achievement awards to leading manufacturers and builders in the systems-built industry with the 2012 Jerry Rouleau Awards for Excellence in Marketing and Home Design. The BSC awards were renamed to
NAHB renames 2012 Systems-building award to honor Jerry Rouleau, winners announced Read More
MHProNews has learned the third quarter 2011 results for Sun Communities, Inc. Sun (SUI) is a real estate investment trust (REIT) that owns and operates manufactured housing and recreational vehicle communities. Sun’s highlights include Adjusted Funds from Operations (“AFFO”)(1) excluding certain items described in this release was $0.75 per diluted
Sun Communities announces third quarter 2011 results Read More
CitizensVoice reports that Dave Valenti, owner of Wyoming Homes, says sales are up in Plains Township, so he is expanding and adding 10 new employees, including truck drivers, sales people and laborers. Valenti also plans to open another sales location and a warehouse center on outside Pottsville in early 2012
PA Retailer expanding, with another planned expansion to follow Read More
HeraldTribune reports that the the market for acquiring manufactured home communities in Florida has heated up. While the economic downturn has driven conventional housing prices down, making them more affordable, incomes are also down. This makes manufactured home communities more appealing. Recently, Equity LifeStyle Properties (ELS) bought the nearly 300
Manufactured Home Community sales heat up in Southwest Florida Read More
Mortgageorb reports that Fitch Ratings revised loss expectations on 143 U.S. manufactured home residential mortgage-backed securities (RMBS) transactions. Fitch says collateral performance has generally remained stable over the last year. Performance stability is attributed to consistent servicing practices and the seasoning of the assets. Some 95% of the transactions reviewed
“It’s obvious that our industry has to develop an Industry Wide Comprehensive Marketing Plan in order to gain acceptance at every economic level and in every geographical region from Coast to Coast. Having seen the MH Alliance plan, this creative approach can help us get that job done.” said C.
Grass roots industry Turn Around plan gains momentum Read More
CNNMoney reports that the markets sputtered today as continued economic concerns and a report from the Congressional Budget Office that the deficit in 2012 is projected at 1.3 trillion all took their toll. The Dow closed at 11,103.12 –20.21 (-0.18%), up for the week, but down -4.10% year to date.
Dow DOWn, Manufactured Housing Mostly DOWn too Read More
Cleantechnica reports on the winners of the U.S. Department of Energy’s 2011 Solar Decathlon held in the National Mall in Washington, DC. The homes featured were modular and prefabricated housing solar powered designs. The overall winner was Team Maryland (University of Maryland), as shown in the photo. “Maryland is a well-experienced
2011 Solar Decatholon modular and prefab home winners Read More
MHProNews received a statement from Cavco CEO and Manufactured Housing Institute (MHI) Chairman Joe Stegmayer, announcing the departure of Thayer Long as MHI’s executive director. Per Stegmayer’s statement, “As announced today at the MHI Board Meeting in Phoenix, Thayer Long will be leaving MHI to pursue another opportunity. Over the
Long leaving Manufactured Housing Institute Read More
MHProNews.com has learned that the PAC drive results are in from the Texas Manufactured Housing Association’s (TMHA) annual meeting and from the Manufactured Housing Institute’s (MHI) annual meeting. Executive Director DJ Pendleton’s office at the TMHA reports that their recently concluded annual meeting raised over $50,000 for the TMHA PAC
Texas MH PAC raises more funds than MHI PAC Read More
JapanTimes reports on the strengths of their nation’s modular and prefabricated new home industry, what they sometimes refer to as ‘manufactured homes,’ even though they don’t have any relationship to U.S. HUD Code homes. There are 10 major players in the Japanese factory built housing market. Their homes tend to
Japanese ‘manufactured homes’ are accepted Read More
LJWorld reports that Gaslight Village Mobile Home Park in Lawrence, KS is under contract to be sold for redevelopment, a decade after the community was split to allow construction of a Best Buy, Home Depot and other commercial development northeast of 31st and Iowa streets. Edwardsville-based Mid-America Manufactured Housing Communities,
200+ site manufactured home community may be sold and redeveloped Read More
CNNMoney reports that the Dow closed up today at 10,821.88 +166.58 ( +1.56%). The Yahoo! Finance Manufacutured Housing Compositive value jumped sharply, closing at 770.7 (+10.30%). Affiliated Managers Group 77.57 +4.69 (+6.44%). Clayton Homes, Vanderbilt Mortgage & Finance and other MH building, lending and housing supplier parent company Berkshire
Bears back off, MH Index Roars up Read More
DJC reports that King County Housing Authority in Washington state has announced the financing of infrastructure and commons improvements at the Wonderland Estates manufactured home community. The 109 space ‘mobile home park’ will receive up to $4 million in financing by leveraging public funds with private equity. The authority
Housing Authority to finance upgrades for manufactured home community Read More
PostandCourier reports that Nick Kremydas, Chief Executive Officer of South Carolina Realtors said: “Our national association says these next 100 days could be a real turning point, or a critical time when the government and these agencies failed to respond to the crisis.” “This is by far the most extreme
Kremydas says next 100 days in DC critical for housing recovery Read More
TimesRecord reports that Maine’s Attorney General William Schneider announced the sentencing of Tammy Barker for misappropriating funds from the sales of 17 ”mobile homes” from Brunswick Naval Air Station in Maine. The factory built homes were entrusted to Barker “on consignment from 2005 through 2006,” according to the Maine AG’s office. The
AG announces sentencing of MH Retailer Read More
TheStreet reports that in this “buyers market,” with pre-owned homes in competition against new or newer housing, some savvy basic strategies can make the difference in how fast your home sells. “It’s all about supply and demand,” says Elizabeth Mendenhall, CEO of Columbia, Mo.-based Remax Boone Realty and a National
5 Tips before showing Resales Read More
Warren Buffett’s views on investing in REITs and Real Estate. This opens with a discussion on large vs. small caps, to which Buffett states, that the only thing that matters to us is do we understand the business, do we like the people running it and does it sell for
Warren Buffett’s views on investing in REITs and Real Estate Read More
