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
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
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
SunTimes reports that Myrtle Beach, South Carolina (SC) will soon be providing 3 new modular homes in an affordable housing project made using federal funds for neighborhood stabilization. Each house is about 1,100 square feet and each has a front porch that adds about 150 square feet. The homes feature
Modulars used in new affordable housing project Read More
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
