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 about another case of what seems to be a local town overstepping their jurisdiction’s authority. WSBTV in Georgia reports on a story at Mountain Park George, in North Fulton County, where an effort is being made to pass a local law that bans ‘mobile homes.’ The video …
CNSNews reports on a story worth fact checking. They allege that it takes businesses 10.2 million man hours a year by to comply with Dodd-Frank Regulations. They compared this with the 5.5 million man hours needed to manufacture “every iPhone out there.” The regulatory burden is costing Americans jobs and reducing …
Does Dodd-Frank Compliance take more than 10 million man hours a year? Read More
MortgageDaily reports that Roger Dean Bailey, Jr. plead guilty in a North Carolina federal district court to five counts of defrauding dozens who sought to finance manufactured home loans. The 38 year old Bailey plead guilty to one count of conspiracy to commit wire fraud and making false statements to the …
16 Million crime didn’t pay; HUD MH Fraud case ends in guilty plea Read More
MHProNews.com learned that UMH has recently announced it has closed on the acquisition of Clinton Mobile Home Resort, a 116-site manufactured home community situated on 24 acres, located in the City of Tiffin, County of Seneca, in the State of Ohio, for a purchase price of $3,450,000. UMH is a …
MHProNews.com has learned that Drew Industries, Inc. – a supplier of components to the manufactured housing and recreational vehicle industries – has released it’s third quarter results. Revenue rose 13.6 percent to $166.7 million from $146.8 million. Sales of RV components rose 12 percent to $136 million, while manufactured housing …
CNNMoney reports the Dow Jones Industrial Average climbed 178.08 points during the day, following two days of decline, gaining 1.53 percent to close at 11,836.04. The Yahoo! Finance Manufactured Housing Composite Value gained 4.75 percent, over three times more than the Dow, to close at 834.20. Tracked housing stocks closed …
SavannahNow reports the first of six modular homes that comprise the Wharf Street affordable housing project in Bluffton, South Carolina, just west of Hilton Head, is set to arrive this week. General contractor Beaufort Construction, Inc., has been building the foundations while the houses are being manufactured by Crestline Custom …
MyDesert reports the legal division of the California Department of Housing and Community Development says Desert Hot Springs violated state law when it attempted to impose impact fees amounting to over $500,000 on the owners of Palm View Estates MHC. The city had assessed Palm View $7,000 for each manufactured …
LivingstonDaily reports from Michigan the owner of a land lease community (LLC) does not want her property master-planned as a future MHC. Renee MacRitchie, the owner of Songbird Acres, says the designation will decrease the value of her property and neighboring properties as well. According to Putnam Township Supervisor Ron …
The ColumbiaMissourian reports the Columbia Regency Mobile Home Park has notified residents the community will close Feb. 29, following the owners request to rezone the property for apartments. Aspen Heights, which submitted plans for the apartments, says it will buy the property from Regency of Missouri only if the land …
UticaObserverDispatch in New York reports the site of the former Lincoln School in West Utica will be home to seven modular homes for first time buyers with low-to-moderate incomes. The Monday groundbreaking for the $1.5 million project by Rebuild Mohawk Valley will result in a more stable neighborhood, increased property …
CNNMoney reports that stocks nose-dived as word that the EU/Greek bail out may fall apart, and slowly recovered later in the day. The Dow closed off -297.05 (-2.48), to close at 11,657.96. The Yahoo! Finance’s Manufactured Housing Composite value dropped twice as hard, closing at 797.2 (-5.13%). Affiliated Managers Group …
CalgaryHerald, MontrealTribune and REBryanEllis reports growing interest among Canadian investors in Las Vegas as a safe bet for long term real estate payouts. Steve Martel of Martels Real Estate, an Ottawa broker said, “Where in Canada can you currently buy a $50,000 property that you can turn around and rent …
MHProNews has learned that the presentations made at the 2011 Healthy Homes Conference have become available, including “Debunking the “Un-healthy” Myth of Factory Built Housing and Its Use as a Superior Healthy Building Alternative” by Michelle Roberts & Rick Terry. The conference was supported by various agencies, including the Department …
Debunking the ‘Un-healthy’ Myth of Factory Built Housing; superiority of systems building Read More
MHProNews has learned that Cavco Industries, Inc. will release their second quarter 2012 results on November 4th after the close of the market. Their senior management will discuss the second quarter results in a live webcast the following day, Friday, November 4, 2011 at 12:00 noon Eastern Time. Cavco Industries …
Cavco to announce Second Quarter Fiscal Year 2012 Earnings Release and Webcast review Read More
FloridaToday reports that fewer retirees are selling homes up north and are coming to Florida for retirement to live “happily ever after,” said Jim Ayotte, Executive Director of the Florida Manufactured Housing Association and the Manufactured Housing Executives Committee (MHEC) chairman. “It’s unfortunate that everyone is zoning out mobile homes. …
Ayote notes changes in vanishing tradition of a manufactured home retirement in Florida Read More
MHProNews has learned that praise for the new early March show date and support for the Great Southwest Home show continues to grow. “The Great Southwest Home Show is one of the best investments we make each year. We have fun while we work.” said Mike Harrison, President of QuikBrick. …
Major MH Event draws praise and launches new Video Read More
Zacks reports SmarTrend marks Drew Industries in an uptrend, noting the stock for this manufacturer of components for MH and RVs has risen nearly 24 percent in two months. The online analyst says August 29 the stock was at $19.89 and is now at $24.03. The range over the past …
CapeCodTimes reports Jacques Lapointe, owner and developer of Pleasant Bay Homes of East Harwich, Massachusetts, has placed nearly 200 modular homes on the Cape since 1999. The most recent is a 4,600 square foot five-bedroom home overlooking the Atlantic Ocean in Orleans, MA for Dee Overton. “This was a paper …
CNNMoney reports the Dow Jones Industrial Average fell 276.10 points during the day to close at 11,955.01, a loss of 2.26 percent as Japanese intervention in the currency market caused the dollar to rise and U.S. stocks to fall. However, the month of October still has been the best since …
Dow Drops Despite Best Month Since 1987; Palm Harbor Spikes 80% Plus Read More
