Author name: MHProNews

New manufactured home retailers have rebate program marketing opportunity

By / / Manufactured and Modular Housing News

FayettvilleObserver reports the North Carolina State Energy Office announced Wednesday a $1,500 rebate to home buyers who purchase energy-efficient manufactured homes through the end of 2011. An earlier rebate plan was for $500. “We’re making it even more attractive for consumers to buy energy-efficient manufactured homes,” said Nicole Dyess, residential […]

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Top REIT stock? Manufactured home community giant Equity Lifestyle Properties

By / / Manufactured and Modular Housing News

Zacks reports that Equity Lifestyle Properties (NYSE:ELS) is the best performing REIT among the top five Real Estate Investment Trusts. Equity Lifestyle Properties (NYSE:ELS) gain of 1.77% makes them the current leader. Education Realty Trust (NYSE:EDR) ranked number two gaining 1.64%. Apartment Investment & Management (NYSE:AIV) ranks third, having lost

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La Quinta forced to amend affordable housing plan

By / / Manufactured and Modular Housing News

MyDesert reports a state mandated change compelled the La Quinta City Council to amend its affordable housing plan. The mandate requires construction of 2,585 low-to-moderate-income housing units by 2014, nearly triple what was previously planned. The amendment identifies vacant and underused land where housing can be built to meet Regional

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Long abandoned Route 72 property OK’d for modular sales center

By / / Manufactured and Modular Housing News

PressofAtlanticCity reports Circul Custom Builders received unanimous approval from the Land Use Board for a modular home sales center. “These are environmentally controlled construction, or EC2. We’ve sold three houses in the last month, and we don’t even have an office up yet,” developer Nicholas Garofolo stated. Circul Custom Building

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“Mobile Home Park” site where Beyonce shoots music video

By / / Manufactured and Modular Housing News

FoxNews reports that Millennium award winner Beyonce picked the Oakdale Mobile Home Park in South Brunswick NJ to film her latest music video. Residents watched the Grammy award winner shooting “Party” for her album entitled “4.”  An Airstream was part of the backdrop, as well as a park themed mural.  

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Stocks tumbled again, Manufactured housing stocks follow

By / / Manufactured and Modular Housing News

Concerns over the business impact of the freshly struck federal debt ceiling limit deal in DC sent stocks tumbling yet again. The Yahoo! Manufactured Housing Composite index followed the broad decline, dropping -2.81% to close at 1019.30. Berkshire Hathaway, parent of Clayton Homes, Vanderbilt Mortgage and Finance, and other manufactured

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Mortgage Bankers and National Association of Realtors push to modify Dodd-Frank

By / / Manufactured and Modular Housing News

TheStreet and NuWireInvestor report that provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act set the stage for higher minimum down payment requirements. The National Association of Realtors (NAR) and 44 other organizations criticize changes that can raise down payments to 20% minimum or more.  These fuels fears

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Niche lender will include manufactured homes in their lending mix

By / / Manufactured and Modular Housing News

HousingWire reports that First Guaranty Mortgage Corp (FGMC) is moving more into correspondent lending. This is a lending arena hit hard following the housing bubble burst in recent years. FGMC plans wholesale and retail originations under one umbrella, dubbed the Correspondent’s Edge. This niche-focused lending initiative will include manufactured housing

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Equity Lifestyle Properties closes on 16 more manufactured home communities

By / / Manufactured and Modular Housing News

BusinessWire reports that on August 1, 2011 Equity LifeStyle Properties, Inc. (NYSE:ELS), closed on 16 more properties in the acquisitions from Hometown America. The purchase price on those properties is approximately $436 million. As previously reported on MHMSM.com, on July 1, 2011 the Company closed on 35 of the acquisition

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Centennial Homes opens in Dickinson to serve area boom

By / / Manufactured and Modular Housing News

The Dickinson Press reports that Centennial Homes, a large regional manufactured home retailer, has opened a new location in Dickinson, ND.  “We have every price point you can think of to cover everybody’s wants and needs,” said Randy Rempher, regional manager.  The Aberdeen SD based company has some 20 display

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Shirtless ‘business causal’ irks men, attracts ladies to FL MH supply business

By / / Manufactured and Modular Housing News

TampaBayOnline reports Hynes Discount Mobile Home Supply in Zephryrhills has a sort of local celebrity. Jimmie Harper Jr. often works the counter shirtless with a cowboy hat. Save on cold days, for most of the past 6 years, Harper has scoffed covering his chest. “It’s hot,” says the 37 year

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Faulty federal approach hampers housing market recovery

By / / Manufactured and Modular Housing News

The Atlanta Journal Constitution carried a recent column by professor Seth Weissman, a real estate attorney and adjunct professor of city planning at George Institute of Technology. Weissman’s column states that approximately 30% of all mortgages are now under water. This drives down value and causes walk away foreclosures. “The

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Republican Strategy Shifts on Dodd-Frank

By / / Manufactured and Modular Housing News

BankInvestmentConsultant reports Republicans have moved from a strategy of repealing Dodd-Frank to amending it. The shift in GOP strategy is a result of a generally popular piece of financial reform legislation coupled with a lack of control of the U.S. Senate. Presidential contender Rep. Michelle Bachmann (R-MN), introduced a repeal

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