News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Former beauty queen and one time manufactured home dealer JoLeigh Ares, doing business as Park Girl Sales LLC in the Rio Grande Valley area of Tex., has racked up an alleged 89 claims against her now bankrupt business totaling $2.9 million. The brownsvilleherald reports $1.5 million of the total is …
Manufactured Home Retailer, Facing Multiple Fraud Charges, Opens New Business Read More
The Veterans Administration (VA) Home Loan allows qualified veterans the opportunity to purchase a home, including a manufactured home, with or without a site, or to buy and improve a site, with no down payment. Although the veteran is required to live in the house, the borrower’s spouse also satisfies …
Veterans Administration Offers Manufactured Home Loans Read More
Honoring the centennial of America’s first paved transcontinental road, the Lincoln Highway, convoys representing a variety and age of motorized vehicles will set out both from Times Square in NYC and San Francisco to meet at the Great Platte River Arch Museum in Kearney, Nebraska. Joining the trek will be …
Although the Dow and the S&P managed meager gains for the day, stocks fell for the second straight week on continuing fears the Federal Reserve will cease its $85 billion monthly stimulus. CNNMoney reports the Dow Jones Industrial Average nudged up +41.08 points, +0.28 percent, to end the day at …
Tracked Housing Stocks, Three Major Indexes End Week Mixed Read More
The Tri-State Housing Task Force mini-summit held June 19 in Keokuk, Iowa heard Dan Eberhardt of the Southeast Iowa Regional Planning Commission (SEIRPC) say “You cannot thrive unless you pay attention to your residential homes.” Representatives of Northeast Community Action Corporation of Missouri (NECAC) state they have helped over 1,500 …
The exclusive interviews of manufactured housing industry ‘C-Suite’ leaders, executives and business owners has fueled growing – and glowing – interest in readership here at MHProNews. These in turn yield an improved understanding and respect for the MH Industry at large by investors, professionals or researchers who also find and …
Following a story MHProNews last covered June 11, 2013 regarding the rent justification bill in the Delaware General Assembly, lawmakers passed SB 33 but removed the requirement that increases be greater than the average annual increase in the Consumer Price Index (CPI) for the last three years. The Delaware State …
Delaware General Assembly Passes Rent Justification for Land Lease Communities Read More
A plan to replace Fannie Mae and Freddie Mac with a Market Access Fund (MAF) has been proposed by two U. S. senators as well as by several analytic firms and think tanks. Senators Bob Corker (R-Tenn.) and Mark Warner (D-Vir.) say their reform bill would create the MAF from …
Proposal would Replace Government-Sponsored Enterprises Fannie and Freddie Read More
Noting the median home price jumped eight percent from April to May to $208,000, and sales of homes rose four percent for the same period, chief economist Lawrence Yun of the National Association of Realtors (NAR) says, “The home price growth is too fast, and only additional supply from new …
Federal Reserve Chairman Ben Bernanke’s words that the Fed will exit its support of the market likely by next year reverberated through the market today, sending investors heading for the exits and the Dow into a tailspin. CNNMoney reports the Dow Jones Industrial Average plummeted -353.87 points, -2.34 percent, to …
Fears of Fed Withdrawing Stimulus Spooks Investors Read More
Manufactured housing community owner Sun Communities, Inc. (NYSE:SUI) announces a quarterly dividend of $0.63 per share for investors of record as of June 28, 2013, payable on July 19, 2013. Represents a dividend yield of 5.06 percent, according to watchlistnews, with an ex-dividend date of June 26. With a 50-day …
Residents of Foxwood Village manufactured housing community in Calverton, NY near the eastern tip of Long Island are in despair over the loss of a heavily wooded area behind their homes being clear cut for a Costco Wholesale Club. Instead of trees lining the property, unhappy residents will see a …
Development Irks Manufactured Housing Community Residents Read More
Updating a post MHProNews published June 18, in which a modular builder announced the availability of furnished units for emergency housing in tornado ravaged Okla., the company is donating one of the homes. MODS (Modular On Demand Structures) International Marketing of Appleton, Wis. converts shipping containers into modular housing, as …
Shares of Cavco Industries, Inc. (NASDAQ:CVCO) stock have been commented on by three different analysts, going in different directions each time, in the last seven weeks. On May 1 The Street downgraded Cavco from a buy rating to a hold rating; May 28 The Street upgraded shares from hold to …
As follow-up to a story MHProNews posted Feb. 27, 2013 concerning Universal Forest Products, Inc. (UFPI) taking over a former manufactured housing facility in Silverton, Ore., city officials now say UFPI has put those plans on hold. Silverton City Manager Bob Willoughby says the 126,000 square-foot building, once occupied by …
Manufactured Housing Component Supplier puts Project on Hold Read More
Updating a story MHProNews posted June 12, 2013 regarding manufactured homes for teachers in housing-strapped Midland, Tex., the Midland Independent School District (MISD) trustees authorized up to $3.5 million to create a 70-unit temporary housing development. While the trustees originally thought they would have to develop infrastructure for the new …
School District may Lease Homesites in Manufactured Housing Community Read More
Following the Federal Reserve’s hinting that it may taper its bond purchases later this year, the three major indexes all lost 1.12 percent to 1.39 percent in a slide that cost the Dow just over 200 points. CNNMoney reports the Dow Jones Industrial Average fell -206.04 points, -1.35 percent, to …
Many Tracked Housing Stocks, Three Major Indexes all Tumble Read More
Private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden Rudolph to Vice President, Asset Management. A 2010 MBA graduate of Northwestern University’s J L. Kellogg School of Management, Rudolph has been active in strategic initiatives at American Land Lease, Inc., an owner/operator of 50 …
Green Courte Announces Promotion of Braden Rudolph Read More
A sinkhole on a bridge at the Pine Haven manufactured housing community in Marietta, GA left residents who relied on the only vehicular access to the community stranded on Monday, June 17. Some residents needing to go to work relied on cabs or friends to take them; others waited for …
The Vinton County Treasurer’s Office in McArthur, Ohio reports taxpayers can now pay real estate and manufactured home taxes online. “The online payment system offers added convenience for the taxpayer and streamlines the process of collecting taxes. I hope that in time it decreases wait time for those taxpayers who …
