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.
MHProNews.com has learned that the PAC drive results are in from the Texas Manufactured Housing Association’s (TMHA) annual meeting and from the Manufactured Housing Institute’s (MHI) annual meeting. Executive Director DJ Pendleton’s office at the TMHA reports that their recently concluded annual meeting raised over $50,000 for the TMHA PAC …
JapanTimes reports on the strengths of their nation’s modular and prefabricated new home industry, what they sometimes refer to as ‘manufactured homes,’ even though they don’t have any relationship to U.S. HUD Code homes. There are 10 major players in the Japanese factory built housing market. Their homes tend to …
LJWorld reports that Gaslight Village Mobile Home Park in Lawrence, KS is under contract to be sold for redevelopment, a decade after the community was split to allow construction of a Best Buy, Home Depot and other commercial development northeast of 31st and Iowa streets. Edwardsville-based Mid-America Manufactured Housing Communities, …
200+ site manufactured home community may be sold and redeveloped Read More
CNNMoney reports that the Dow closed up today at 10,821.88 +166.58 ( +1.56%). The Yahoo! Finance Manufacutured Housing Compositive value jumped sharply, closing at 770.7 (+10.30%). Affiliated Managers Group 77.57 +4.69 (+6.44%). Clayton Homes, Vanderbilt Mortgage & Finance and other MH building, lending and housing supplier parent company Berkshire …
DJC reports that King County Housing Authority in Washington state has announced the financing of infrastructure and commons improvements at the Wonderland Estates manufactured home community. The 109 space ‘mobile home park’ will receive up to $4 million in financing by leveraging public funds with private equity. The authority …
Housing Authority to finance upgrades for manufactured home community Read More
PostandCourier reports that Nick Kremydas, Chief Executive Officer of South Carolina Realtors said: “Our national association says these next 100 days could be a real turning point, or a critical time when the government and these agencies failed to respond to the crisis.” “This is by far the most extreme …
Kremydas says next 100 days in DC critical for housing recovery Read More
TimesRecord reports that Maine’s Attorney General William Schneider announced the sentencing of Tammy Barker for misappropriating funds from the sales of 17 ”mobile homes” from Brunswick Naval Air Station in Maine. The factory built homes were entrusted to Barker “on consignment from 2005 through 2006,” according to the Maine AG’s office. The …
TheStreet reports that in this “buyers market,” with pre-owned homes in competition against new or newer housing, some savvy basic strategies can make the difference in how fast your home sells. “It’s all about supply and demand,” says Elizabeth Mendenhall, CEO of Columbia, Mo.-based Remax Boone Realty and a National …
Warren Buffett’s views on investing in REITs and Real Estate. This opens with a discussion on large vs. small caps, to which Buffett states, that the only thing that matters to us is do we understand the business, do we like the people running it and does it sell for …
Warren Buffett’s views on investing in REITs and Real Estate Read More
CNNMoney reports that the Dow dropped 258.08 (-2.36%) to close at 10,655.30. This marks a 1 year change of -1.61% and a year-to-date decline of -7.97%. The Yahoo! Finance Manufactured Housing Composite Value dropped under 700, closing at 698.7 (-5.65%). Affiliated Managers Group 72.88 -5.17 (-6.62%). Clayton Homes, Vanderbilt Mortgage …
4th Quarter opens down on Dow, MH Composite slides Read More
UPI reports that on October 1, the temporary higher loan limits passed on FHA loans expired, moving the top finance amount from $729,750 down to $625,500. “NAR (National Association of Realtors) is continuing to working closely with members of Congress and a coalition of industry partners to have the higher …
Loan Limit drop harms housing values and finance access in 42 states Read More
FinancialPost reports that Saskatchewan based 3twenty – which uses shipping containers as transportable and stackable housing units – is making diversity, a Google-like culture and solution oriented youthfulness pay dividends. Evan Willoughby, Channing McCorriston, and Bryan McCrea teamed with W. Brett Wilson to launch the start up firm. Their target …
3twenty somethings stack container housing and growing results Read More
MHProNews has learned that Sun Communities Inc. (SUI) announced today that its Board of Directors declared a quarterly dividend of $0.63 per share for the third quarter of 2011. According to Karen J. Dearing, Chief Financial Officer, the dividend is payable October 21, 2011 to shareholders of record October 13, …
Dearing announces Sun’s dividend and new revolving credit facility Read More
UkiahDailyJournal reports that Mendocino County Board of Supervisors plans to draft a new ordinance on the issue of rent control in manufactured home communities in their jurisdiction. The board directed attorney Jeanine Nadel to draft an ordinance that would impose ‘rent stabilization’ for park residents. The Board of Supervisors would …
County plans rent control ordinance, invites public and manufactured home industry input Read More
DelmarVaNow reports that decade old Atlantis Homes, LLC in is successfully bucking trends in manufactured and modular home sales. “Even in the economic situation we have, we sell on average 200 homes a year,” Randy Merritt, Jr. said. “That’s a lot of homes.” Atlantis is a retailer for Clayton, Norris, …
Eastern Manufactured and Modular Retailer boasts good sales numbers Read More
Our new October 2011 issue of MHProNews.com – MHMSM.com – will go live mid week. This will mark the start of our third year of trade media service to the manufactured, modular and prefab home industries. So …
MHMSM.com – MHProNews.com are in the process of moving our web site to a more powerful ‘liquid cloud’ server, in order to accommodate our increasing web site traffic. This server move will be followed by our planned new format that will be available later next month. While attempting this server …
CNNMoney reports that 90% of consumers feel that economic conditions remain poor. In a quarter that witnessed turmoil over the EU/Greek bail out crisis, the downgrading of the U.S. credit rating and poor jobs reports, the Dow closed the quarter on a down note, 10,912.63 -241.35 (-2.16%), off -5.74% year-to-date. …
Lousy quarter for Dow ends on sour note, MH slides less Read More
MorganCountyCitizen reports that the Madison City Council (GA) has tentatively agreed to the purchase of the Madison Woods manufactured home community’s water supply. The commitment depends on Madison City Manager David Nunn completing a payment schedule on $56,000 in back water and sewage services owed the city by Madison Woods …
City taking control manufactured home community’s water system Read More
MHProNews.com has learned that praise for the Midwest Manaufactured Housing Federation’s show continues. “I was pleasantly surprised at our attendance at the 2011 Louisville Manufactured Housing Show…I knew the 50 year history of the show and the spirit of our industry would bring us back.” said Darrell Boyd, with Triad …
Triad, US Bank and Digital Leveling praise MMHF’s Show Read More
