RutlandHearald reports that Steven James Bromley, age 61, of North Charleston, S.C., died Saturday, August 20th, 2011, at his residence. He was the owner of Sea Island Building Systems Inc., Beaufort, S.C.; salesman with Highland Home Brokers Inc., Charleston, S.C.; owner of Vermont Precision Products; owner of Metronics Inc., Manchester, …
CNNMoney reports that new-home sales fell once again in July, the third straight month of declines. The seasonally adjusted annualized rate of 298,000. This represents a modest 0.7% drop from a downwardly-revised rate of 300,000 homes sold in June, according to the Census Bureau, but up 6.8% from July 2010 …
NAHB’s Crowe: ‘Low rates haven’t helped home sales’ Read More
CNNMoney reports the Dow Jones Industrial Average closed today at 11,176.76 +322.11 / +2.97% still off -3.46% for the year. The Manufactured Housing Composite Index rose a more modest 2.30% to close at 745.60. AMG 81.57 +4.34 (+5.62%) but dipped after hours. Clayton Homes, VMF and other MH building, lending …
WorldOver reports on a possible reason why a billionaire like Warren Buffett has recently come out in favor of higher taxes on the super rich. Buffett, they observed, does not upon closer scrutiny make for an ideal poster child for taxing the rich at a higher rate. They pointed out …
BYUManagementSociety reports that LinkedIn has recently changed it’s privacy settings”without notice.” According to their message, if you don’t take action, Linkedin can use your name and photograph for advertising purposes. To change your privacy settings and thus avoid this happening to you, here is what LinkedIn members have to …
LinkedIn Users: change your Privacy Settings to avoid this issue Read More
MeridianBooster reports the Canadian Real Estate Association (CREA) states national resale housing activity was stable in July after the June increase. “The continued stability in national sales activity shows that homebuyers remain confident about the soundness of investing in a home,” said CREA president Gary Morse. “Mortgage interest rates are …
What a difference a border makes! CREA president optimistic Read More
SMBSpot reports concerns among many that the Consumer Finance Protection Bureau (CFPB) will negatively impact small business, which is challenged during these touch economic times. Contrary to that concern, CFPB deputy director of their research department, Dan Sokolov, told a Congressional subcommittee that won’t happen. Sokolov said the agency’s focus …
CFPB’s researcher Sokolov says they won’t hamper small business Read More
Marketwatch reports that Origen Financial Announces Second Quarter 2011 Results. Origen is real estate investment trust managing residual interests in securitized manufactured housing loan portfolios. They reported a net loss of $3.5 million, or $0.13 per share, for the quarter ended June 30, 2011, as compared to a net loss …
Origen Financial releases 2 Quarter 2011 statements Read More
CNNMoney reports that the Dow Jones Industrial Average closed at 10,849.02, up modestly +31.37 (+0.29%) after the recent declines, which have still left the market down 6.29% year to date. Yahoo! Manufactured Housing Composite Index value stood at 726.2, up +0.59%. TheStreets ratings downgraded AMG to a ‘hold,’ but the stock …
Market’s nudge ahead, but still down over 6% YTD, MH Mixed Read More
RecordPub reports that Valley Hills Mobile Home Park owners will be paying $314,000 to the county water resources department that was in arrears. County officials threatened a cut off of service to the community located on Sandy Lake Road in Rootstown, OH. Buckeye Portfolio LLC of Burbank CA reportedly paid …
County service shutoff to community abated as owners agree to pay $314,000 bill Read More
Bloomberg reports that Sanjay Jain called his real estate broker four days ago to cancel a purchase on a three-bedroom home in Folsom, California, citing recent market volatility. “Seeing what’s happening on the stock market made me think that it’s not a good time to be buying a home,” Jain …
Case says market instability sapping would be buyers, housing drags Read More
Patrick Industries reports the announcement of John A. Forbes to its Board of Directors, effective August 18th, 2011. The 51 year old Forbes is the President of Utilimaster Corporation, a subsidiary of Spartan Motors, Inc. Prior to being named President in July 2010, Mr. Forbes was the CFO of Utilimaster …
CUInsight reports that the economic downturn continues to challenge financial institutions nationwide, but credit unions in Louisiana can take advantage of the opportunities to expand mortgage lending. This is particularly true among low- and moderate-income populations, says Terri J. Fowlkes, Director of Community Development Investments at the National Federation of …
LA Credit Unions looking at Manufactured Home Lending Read More
Morningcall reports Bethlehem (PA) Planning Commission, disapproved plans for a 58-unit housing development off Applebutter Road. The commission’s disapproval was based mainly on the developer not providing adequate information about key aspects of the plan. These included details on storm water run-off and infiltration, a sewage pumping station, plans addressing …
CNNMoney reports the Dow dropped again, closing at 10,817.95, down -172.63 (-1.57%.). Gold shined, hitting record levels of $1,854.10 +1.90 +0.10%. Most manufactured housing related stocks fell. The Manufactured Housing Composite Index closed at 744.3, off – 4.93%. Affiliated Managers Group, 77.06 0.33 (0.43%). Clayton, VMF and other building, lending …
UnionLeader reports that Texas Governor Rick Perry made a campaign stop at Pembroke based modular producer Epoch Homes. While at Epoch, presidential hopeful Perry called for reduced regulations to get businesses creating jobs in the U.S. instead of outsourcing them overseas. Perry met with Epoch employes, in typical New Hampshire …
Presidential hopeful makes campaign stop at New Hampshire Modular producer Read More
Bloomberg reports that the drop in real estate values has not helped reduce housing costs. Due in part to more households entering the ranks of renters, the cost of shelter has actually risen in the U.S.. The Labor Department reports that year to date through July, shelter costs have risen …
NewsSentinel reports that Dexter Axel plans to ad 60 new jobs by the start of 2012. The northeastern Indiana firm anticipates an average hourly wage of $18.50 for these new positions. The jobs will include machining, welding, heat treating components for axles. Dexter said the picked Albion IN because it …
Realtor provided a commentary by Lawrence Yun, the National Association of Realtors (NAR) respected chief economist. Yun stated that U.S. GDP is still below 2007 levels, even though we have 10 million more in the “workable age of 16 and over.” Yun said, “In short, it seems like “’Progress in …
MHARR and other sources reported on the August 17th MHCC conference call with HUD. The Manufactured Housing Association for Regulatory Reform (MHARR) release provided a brief history on how HUD moved from “voluntary compliance” on expanded in plant inspections which was later deemed “not optional” by HUD. This was done …
HUD accused of ‘end around’ that poses threat to manufactured housing companies Read More
