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
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
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
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
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
FloridaToday reports that fewer retirees are selling homes up north and are coming to Florida for retirement to live “happily ever after,” said Jim Ayotte, Executive Director of the Florida Manufactured Housing Association and the Manufactured Housing Executives Committee (MHEC) chairman. “It’s unfortunate that everyone is zoning out mobile homes.
Ayote notes changes in vanishing tradition of a manufactured home retirement in Florida Read More
MHProNews has learned that praise for the new early March show date and support for the Great Southwest Home show continues to grow. “The Great Southwest Home Show is one of the best investments we make each year. We have fun while we work.” said Mike Harrison, President of QuikBrick.
Major MH Event draws praise and launches new Video Read More
MHProNews asked DJ Pendleton, the Executive Director for the Texas Manufactured Housing Association (TMHA), to comment about his being approached by MHI’s leadership to fill the role by the departing Thayer Long. “I was exceptionally flattered to be mentioned as a potential replacement for Thayer, especially after I saw the
TX State Exec for the departing Thayer Long’s post? Read More
MHProNews has received press releases and statements/reports from and about the National Fire Protection Agency (NFPA) on the topic of fire safety in HUD Code manufactured housing. The differing press releases from MHI and MHARR are closely tied with the subject of fire sprinklers, preemption and the very nature
Sparks fly on NFPA Report on Fires and Manufactured Homes: We provide, You decide Read More
CNNMoney reports a nearly 340 point jump in the Dow on the announcement that the European Union had agreed on a debt deal. The Dow Jones Industrial Average soared +339.44 (+2.86%) to close at 12,876, now in positive territory for the year, at +5.45%. The Yahoo! Finance Manufactured Housing Composite Value
Palm Harbor Roars, Manufactured Housing out soars, Dow rose on a big day for market gains Read More
The switchover from the current website format of MHProNews.com (a.k.a. MHMSM.com) to the long anticipated new one will begin Saturday evening at 11 PM Central Time. While many of the changes are technical ones that only a web-pro will notice, regular visitors will see dozens of new features and a
The Future of Manufactured Housing News starts this weekend! Read More
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
