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.
Following up on a story we ran in the Daily Business News Oct. 14 regarding the repeal of rent control in a Capitola, CA MHC, Robert S. Coldren, of Hart, King and Coldren of Santa Ana, CA tells MHProNews.com the city’s decision is a victory for good government and property …
CNNMoney reports the Dow Jones Industrial Average dropped sharply upon renewed fears of European’s debt crisis, falling 247.49 points, 2.13%, to end the trading day at 11,397. The Yahoo! Finance Manufactured Housing Composite Value lost -3.72 percent to close at 701.60, as most housing stocks declined as well.Affiliated Managers Group …
The NorthIslandGazette reports from Port McNeill in British Columbia, Canada, that six new modular units of subsidized housing for seniors will arrive in Port McNeill providing a mis- communication between Mayor Gerry Furney and BC (British Columbia) Housing can be resolved. A recent letter from BC Housing says it will …
tradershuddle reports from White Plains, NY that Drew Industries, Inc., will release its third quarter financials before the market opens Nov. 2, and then host a webcast for institutional investors and analysts later that day at 11 AM with a Q & A call-in. Other investors, traders and the media …
The Birmingham News reports Section 30 of Alabama’s new immigration law requires residents of land lease communities prove they are legally in the U.S. in order to obtain a property tax decal for the factory-built home they own. Their other options are to move out of state, sell their home, …
Alabama MHCs (Mostly) Prepared for New Immigration Law Read More
Jon Sharp, as he was known, passed away surrounded by his loved ones October 11, 2011, following a battle with cancer. A vice president at Onyx Capital Corporation of Los Angeles, Jon, 49, leaves his wife, Stephani, and daughters Maya and Nina to cherish his memory. MHMSM sends it’s most …
“It’s obvious that our industry has to develop an Industry Wide Comprehensive Marketing Plan in order to gain acceptance at every economic level and in every geographical region from Coast to Coast. Having seen the MH Alliance plan, this creative approach can help us get that job done.” said C. …
Grass roots industry Turn Around plan gains momentum Read More
Capitola-SoquelPatch reports the Capitola (CA) City Council voted 3-2 to repeal its rent control ordinance on MHCs, after twice postponing the vote several months ago. Over a dozen community members and residents protested with signs. Residents of Surf and Sand Mobile Home Park reached their own settlement and agreed not …
HousingWire reports from San Francisco that while the number of houses sold increased Sept. 2010 to Sept. this year by 6.6 percent, the usual Aug.-Sept. seasonal drop in home prices was 10.2 percent. John Walsh, president of DataQuick says what’s interesting is what is not happening. He says, “While there …
CNNMoney reports the Dow Jones Industrial Average responded to good news from the consumer sector, gaining 166.36 points, 1.45%, to end the week at 11,644.49. The Yahoo! Finance Manufactured Housing Composite Value 0.34 percent to close at 728.80. Housing stocks in general closed mostly up. Affiliated Managers Group 85.67 +1.55 …
wvlegal reports an improperly recorded financing statement issued by the Gilmer County Clerk’s Office led to a bank being co-defendant in a lawsuit brought against two modular home builders in March 2010. Modular builder New Horizon Home Sales of Athens, WVa, and Gilmer Housing Partners (GHP) allegedly defaulted on a …
builder reports a consumer friendly user interface to customize your own modular home is now available on line. Borrowing from automotive and aeronautical design and engineering departments, as well as gaming developers, modular builder Blu Homes of Waltham, MA has developed the Configurator, allowing customers to visualize the interior and …
dailytelegraph tells us from Sydney, Australia, the U.S. is not the only country where the gap between income and real estate prices is widening. Sydney’s home prices are expected to rise 19 percent in the next three years, to a median of $770,000. “The big problem with affordability is housing …
nola reports a 61-year old Louisiana woman has been sentenced to 35 years in prison for defrauding modular home buyers out of some $200,000 in a post-Katrina scam. Cecilia Slattery filed articles of incorporation in 2008 for JCV, dba New Era Homes, and befriended ten people by buying them dinners …
Woman Gets Stiff Sentence for Stiffing Modular Home Buyers Read More
RepublicanHerald reports from Pine Grove, Pennsylvania, that modular home manufacturer Manorwood Homes, Inc., is shutting its doors permanently following the devastating floods in early September from Tropical Storm Irene. A modular home builder for 16 years here in east central PA, 100 people lost their jobs. Manorwood manager Wayne Morris …
Massive Flooding Seals Fate of Modular Manufacturer Read More
MarketWatch reports Champion Commercial Structures, a division of Champion Homes, is teaming up with USModular to engage in multifamily construction projects. The pairing will bring Champion’s modular production process together with USModular’s general contacting experience. Dan McMurtrie, corporate development vice president with Champion, says, “”Our partnership with US Modular allows …
Two Factory-built Producers Pursuing Multifamily Market Read More
CNNMoney reports the Dow Jones Industrial Average stepped back from its recent gains and dropped -40.72 points to close at 11,478.13, down -0.35 percent. The poor earnings report from JPMorgan Chase contributed to the fall. The Yahoo! Finance Manufactured Housing Composite Value lost -0.36 percent to close at 726.30. Affiliated …
Dow Loses a Little Steam, as Housing Stocks Close Mixed Read More
MHProNews has received a brief from Danny Ghorbani, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), which says the Department of Housing and Urban Development (HUD) is expanding its in-plant regulation presence, and disrupting the relationship between Primary Inspection Agencies (PIAs), housing manufacturers, and HUD. As …
The Boston Globe reports the Associated Press says, following the same action in the state senate last month, the New Hampshire House of Representatives passed a bill that prevents local communities from regulating sprinklers. Gov. John Lynch had vetoed the bill, but the House overrode his veto 266-61. The legislation …
HousingWire reports the Mortgage Banker’s Association (MBA) says the measure of loan application volume rose 1.3 percent on a seasonally-adjusted basis this past week. The refinance and purchase indices each increased just over one percent, driven by government loans. The 30-year fixed-rate mortgage (FRM) increased 0.07% to 4.25, while the …
