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.
Bradenton reports Champion Commercial Structures, a division of Champion Homes, will team with Russell Building Group to build 83 housing units for Flint, Michigan’s, Smith Village Neighborhood. Funded by a Housing and Urban Development (HUD) grant, the homes will replace thousands of dilapidated houses that were demolished, with low to […]
Modular Community Slated for Flint, Michigan Read More
VancouverSun reports the brothers Goodjohn were at the edge of disaster a couple of years ago with their high-end modular business, and now have ten office employees, 30 on the production line, and sales approaching $20 million. Businessman W. Brett Wilson helped Karoleena, Inc., develop a business plan and invested
Good Business Develops with the Goodjohns Read More
CrainsNewYork reports a conference in New York City to discuss the shortage and expense of housing in the city resulted in several innovative approaches by advocates and architects, including modular. Many of the proposals at the Citizens Housing and Planning Council are for smaller, cheaper quarters, and some suggest communal
Modular Bites into the Big Apple? Read More
CNNMoney reports the Dow Jones Industrial Average finally gained during the last hour of trading, rising 85.15 points, a gain of 0.71 percent, closing at 12,068.39. Investors felt the crisis in Greece may be over with the resignation of Prime Minister George Papandreou, but concerns are growing over Italy’s $300
Dow Nudges Up; Nobility Homes Gains 5.72 Percent Read More
HousingWire reports housing prices fell 1.1 percent in Sept., marking the second straight month drop, according to the CoreLogic home price index. Single-family home prices fell 4.1 percent from Sept. 2010, and excluding distressed sales, dropped 1.1 percent from a year earlier. Core Logic Chief Economist Mark Fleming says prices
Housing Values Continue Dropping Read More
TheStreet reports the one of the best investments outside the stock and bond market is in multi-family housing. A report by Harvard University’s Joint Center for Housing Studies says from 2006 to 2010, the number of renter households increased by 692,000 per year while owner households fell 201,000 annually. Real
Good Bet for ROI: Multi-family Housing Read More
Coloradoan reports that over the last 12 years in Fort Collins, Colorado, more than 340 families have been displaced from their MHCs by landowners seeking more lucrative commercial development. Now, another community is joining the ranks. The 32 families of Bender Mobile Home Park have been told by developer Gino
Fort Collins Losing MH Homesites to Redevelopment Read More
CNBC reports following consolidation in the MH industry, surviving companies are targeting the energy efficient home-building market. “Manufactured homes offer quality housing at costs from 10 to 35 percent less than site-built construction. As people continue to see utility costs rise with inflation, they will appreciate the cost savings achievable
Factory-built Housing Increasing in Popularity Read More
TheTimesandDemocrat in South Carolina reports the law has finally caught up with Ifrom Colter for allegedly bilking numerous people out of thousands of dollars for manufactured homes that were never delivered. Arrested in Orangeburg County on five counts of breach of trust, authorities know of $65,000 he has alleged to
Curtain Falls on Bad Actor Read More
NationalMortgageNews reports the Senate Banking Committee wants to know why government sponsored enterprise (GSE) executives are receiving millions of dollars in bonuses while the government is keeping the mortgage giants afloat. Since the Federal Housing Finance Agency (FHFA) took over the GSEs in Sept. 2008, the FHFA has propped them
GSE Execs Get Bonuses; Senate Chagrined Read More
CNNMoney reports that the Euro/Greek economic and political drama continues to impact U.S. markets, as revelations across the Atlantic often move the Dow, up, down and all around as they did today. The Dow closed down at 11,983.24, -61.23 (-0.51%). The Yahoo! Finance Manufactured Housing Composite Value also slid less
Up, Down and Around the Dow Goes, MH stocks follows Read More
MarketWatch reports that Champion Homes, Inc. has developed a marketing tool that will enable potential buyers to view different options on a manufactured or modular home by clicking on to Champion’s website. DiVE IN (Design Interactive Viewing Experience) offers a “virtual tour” of different floor plans, kitchen layouts, flexible spaces,
Champion Develops New Internet Marketing Tool Read More
JoplinGlobe reports Federal Emergency Management Agency (FEMA) Chief William Fugate returned to Joplin for the first time since the five days he spent following the EF-5 twister that leveled a central city area May 22. The area has received $181.5 million in FEMA assistance for housing and temporary schools, fire
FEMA Chief Returns to Joplin Read More
EnterpriseNews reports from Massachusetts that Hometown America of Chicago has purchased Oak Point MHC in Middleboro, MA for $55 million, making it the largest real estate transaction in Middleboro history. The 1,000 acre 875 homesite community has homes clustered in neighborhoods, and includes a ballroom, exercise facility, and club house.
Hometown America Adds A Thousand Acres Read More
TheGazette reports from Iowa City, Iowa, that Regency Mobile Home Park in Johnson County has been the target of complaints in recent years for poor water quality, abandoned homes, and charges of fraud. Johnson County does not have jurisdiction over enforcing improvements to the 230 homesite community; its board of
Iowa Regency: Fit for a King? Not. Not Yet Read More
CNNMoney reports that the Dow closed up at 12,044.47 +208.43 (+1.76%), on news that the Europeans Central Bank announced its first rate cut in two years. The Yahoo! Finance Manufactured Housing Composite Value rose to close at 869.7 +4.26%. Affiliated Managers Group 94.30 +2.68 (+2.93%). Clayton Homes, Vanderbilt Mortgage and
Manufactured Housing Stocks outperforms Dow on up day Read More
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
Georgia town attempting to violate federal law? Read More
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
UMH Properties, Inc. Announces New Acquisition Read More
