Dozens – perhaps hundreds – of manufactured housing industry professionals will be attending an auction today in metro Chicago. Some 90 new and pre-owned manufactured homes, including single sections, multi-sectionals and Cape Cod style HUD Code homes are to be auctioned by floor plan lenders and their representatives. The homes […]
Manufactured Home Auction in Chicagoland today Read More
CNNMoney reports that Warren Buffett and other ‘insiders’ are buying, as the markets rise 500 points today. While S&P has not (yet) downgraded France, the markets overseas have. Gold is up, while Treasury prices sink. Manufactured Housing Composite value moved down -2.81% to close at 1019.3. Affiliated Managers Group (AMG)
Buffett Buys, Dow Rise – manufactured housing mixed Read More
KTNV reports a new reality TV show is being planned. It’s entitled ‘Trailer Park Housewives.’ The show promoters are saying it will be based in Las Vegas. The show’s producer/creators have experience in reality TV, including: Gigolos, The Gun Store, Goodfellas Bail Bonds, Gold Diggers and Bachelorette Party: Las Vegas,
OMG, a ‘mobile home park’ based ‘reality show?’ Read More
FXStreet reports that Canadian housing starts moved up overall another 4.3% in July. This was the third straight month of increases, with a 13% increase in multi-family starts, while single family starts declined 8%. South of the Canadian line, they report that the National Federation of Independent Businesses (NFIB) small
Canadian housing starts rise again, while NFIB survey sinks 5 straight Read More
AtlantaJournalConstitution reports that Clayton County officials have shut off water to dozens of residents, due to an unpaid water bill by owner Vicki Holland. Residents of “Maria’s Mobile Home Park” state they have been without water for over a week. “We get water from other people to wash dishes and
County shuts of water to residents in manufactured home community Read More
EcoHomeMagazine reports that one of the good effects that has occurred due to the down new housing market is a push for innovation and an effort to raise customer interest through quality. Their report featured three production builders using panelized construction. These were homes built to a bronze National Green
Panelizers building green are gaining ground Read More
Sources reported to MHProNews.com that the House Financial Services Committee approved legislation (H.R. 1751) some weeks back sponsored by committee chairman Spencer Bachus (R-AL) that would require all new manufactured homes be equipped with NOAA weather radios (legislation and committee report are available below as downlaods). The measure is expected
MH Weather Radios Bill coming up on the Hill Read More
CNNMoney reports European debt crisis, dips in U.S. home prices and other concerns helped nervous investors to sink the Dow, while gold shot through the $1800 mark. Treasury yields are near record lows. In a recent interview, columnist Pat Buchanan commented that the dollar has sank 30% year to date
Stocks heave and Dive, Bears Alive: MH mostly lower Read More
RealEstateRama reports the Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development (HUD), has announced a Request For Information (RFI). The RFI seeks input on new options for selling single-family real estate owned (REO) properties held by Fannie
FHFA, HUD and Treasury calls for RFI input on disposition of REOs Read More
KFGO reports that the number of homes that FEMA now has targeted for Minot and Burlington ND has reached 1650. Flooding of the Souris River this summer drove hundreds from their homes in this area. 600 of the FEMA homes, which are built to the HUD Code and are thus
FEMA MH orders rise to 1650 to serve area flooding victims Read More
Watch the latest video at video.foxnews.comFoxNews reports the following quotes on Dodd-Frank in this recent interview by Greta van Susteren with Zachary Goldfarb with the Washington Post. SEN. RON JOHNSON, R-WIS.: The thing that would really get our economy going again is if we would repeal the entire Obama agenda
Senators say Repealing Dodd-Frank would boost economy Read More
RealDeal reports on a recent study by the Urban Land Institute (ULI) which looks at the market impact of the nation’s eighty million echo boomers. Echo boomers, are age 18-32 and are also known as Gen Y and millennials. This group has 200 billion in annual buying power. Carol Ruiz,
Developers target Gen Y homebuyers Read More
PressEnteprise reports that Calimsa’s CA City Council will review the rent control ordinance on August 15th. A full house is expected as residents and community owners plan to attend the hearing. City Manager Randy Anstine stated they will make no decisions but will take input on the topic. A sunset
Rent Control in manufactured home communities on the agenda Read More
CNNMoney reports stocks closed higher today, but turbulence remained. Stocks dropped initially after the Federal Reserve said economic conditions warrant exceptionally low interest rates until 2013 and risks to the economy have increased. Overall, stocks have declined some 15% in the last two weeks of trading, the worst performance since
Stocks roller coaster but end up: most MH also rise Read More
WSPA reports that Henderson County deputies removed some 60 snakes and lizards, some of which were considered poisonous, from a western North Carolina ‘mobile home.’ Henderson County Sheriff Rick Davis said they learned about the problem when the reptiles owner was bitten by a venomous snake. Most of the snakes
Today’s lighter side: 60 snakes removed from ‘mobile home’ Read More
JoplinGlobe reports that the first residents are moving into the Federal Emergency Management Agency (FEMA) new Officer Jeff Taylor Memorial Park. Amber Flowers and her three daughters are among the first to make the move into the emergency housing FEMA has provided. “They’ve done a really nice thing here,” Flowers
Residents moving to FEMA’s new manufactured home community Read More
Zacks reports that UMH Properties and Equity Lifestyle Properties are among the five REITs with relatively low P/E ratios. UMH Properties (AMEX:UMH) has the lowest with a P/E of 17.4x. Equity Lifestyle Properties (NYSE:ELS) is second lowest with a P/E of 37.0x; American Campus Communities (NYSE:ACC) comes in third lowest
Market Watch: UMH and Equity Lifestyle reported among REITs with low P/E ratios Read More
Zacks reported today on five home building companies with the lowest Price to Earnings (P/E) ratios. Standard Pacific (NYSE:SPF) has the lowest with a P/E of 16.1x. Lennar (NYSE:LEN) is second with a P/E of 20.8x. NVR Inc (NYSE:NVR) followed with a P/E of 22.0x. Cavco Industries (NASDAQ:CVCO) came in
Zacks reports Cavco among 5 homebuilders with lowest P/E ratio Read More
BuffaloNews reports that the new owners of the Niagara Factory Outlet Mall are interested in purchasing the Sabre Park ‘mobile home park.’ The Sabre Park community is in foreclosure, with a mortgage of approximately $6 million. Jason Daack, regional manager for Mobile Home Parks, has no ownership interest in the
Mall owners may buy nearby Manufactured Home Community in receivership Read More
CNNMoney reports that factors such as the downgrade of the U.S. credit rating has driven stock markets down by over 4% today. The downward trend is approaching two weeks, as global markets have also been moving lower. The Manufactured Housing Composite index also ended up down a dramatic -8.57 percent,
Bears Rule, Markets Cruel Read More
