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.
SavannahNow reports an improperly subdivided lot cannot be sited with a modular home, according to Chatham County Superior Court Judge Michael Karpf. John Barr, Jr.’s, petition to site modular homes in Tybee Islands Eagles Nest neighborhood was denied because his son, the original property owner, violated a 2001 zoning ordinance. […]
Court Ruling Favors Neighborhood over Modular Homes Read More
The Lompoc Record published an opinion piece written by Ron Faas, legislative action team coordinator for the Northern Santa Barbara County Manufactured Homeowners Team in California and a resident of Sunnyhills Mobile Home Park. Excerpts from “Mobile Homeowners Face Many Issues” follow: “Manufactured-home owners are in a unique situation in
A Pitch from a CA MH Homeowner Lobbyist Read More
WSLS in Virginia reports Nationwide Homes in Martinsville is backlogged with orders for modular homes through January. Dan Goodin, sales vice president for Nationwide, says he intends to hire 20-30 people starting next month to keep up with a 30 percent increase in demand. Martinsville has the highest unemployment rate
Modular Builder: Two Months Behind Read More
CNNMoney reports the Dow Jones Industrial Average fell slightly during the day 72.43 points to close at 11,504.62, a loss of 0.63% percent, following the Federal Reserve’s negative report about regional economic news. The Yahoo! Finance Manufactured Housing Composite Value lost 2.22 percent to close at 709.60, as housing stocks
Federal Reserve’s Bad News Bumps Dow Down Read More
HousingWire reports the son of former Senator and U.S. Vice-President Hubert Humphrey will join the Consumer Financial Protection Bureau (CFPB) to head the Office of Older Americans. Hubert “Skip” Humphrey III served 16 years as Minnesota’s attorney general and most recently was head of the Minnesota AARP (American Association of
CFPB Picks Humphrey to Protect Seniors Read More
gazettextra reports the covenants and zoning agreements established when an RV community was developed in the 1970’s have not been enforced. The original rules for Rock River Leisure Estates RV park in Edgerton, Wisconsin, state it is a vacation resort and does not allow permanent year-round living beyond nine months,
RV Community Deals with Issue of Permanent Residency Read More
hqyellowknife reports from the Northwest Territories, Canada, Homes North is partnering with FSC Architects and Engineers to build 100 modular homes in the Kam Lake subdivision. The city administration is beginning to negotiate with Homes North on the project to be built near the North Slave Correctional Centre. In response
Modular Homes to Rise in Northwest Territories Read More
The National Association of Home Builders (NAHB) reports that confidence among home builders for single-family dwellings rose four points to 18 on the NAHB/Wells Fargo Housing Market Index (HMI), the largest monthly increase since the tax credit program of April 2010. Based on builders’ perceptions of current home sales and
NAHB Monthly Survey of Builders Shows Gains Read More
Kjct8 reports from Grand Junction, Colo. that Philip Lochmiller, Jr., and Shawnee Carver were sentenced to federal prison for their role in a real estate Ponzi scheme that defrauded over 400 people of at least $30 million. Lochmiller is the son of Philip Lochmiller, Sr., who was convicted in July
Pair Sent to Pokey for MH Ponzi Scheme Read More
CNNMoney reports the Dow Jones Industrial Average rose nearly 300 points during the day to close at 11,577.05, up 180.05, a gain of 1.58 percent. The Yahoo! Finance Manufactured Housing Composite Value gained 3.42 percent to close at 725.70. Many housing stocks gained also, although some declined. Affiliated Managers Group
Dow Responds to Positive European Bailout Boost Read More
menafn reports Equity Lifestyle Properties (ELS) of Chicago announced a third quarter loss as of Sept. 30 of 0.07 per share, or $2.9 million on a fully-diluted basis. The same quarter 2010 saw a net income of $11.6 million, or 0.37 per share on a fully-diluted basis. Net revenue for
ELS Reports Net Loss Q3 Read More
indystar reports two subsidiaries of Drew Industries, Inc., of New York announce their joint $4 million-plus expansion plan will mean 330 new jobs in Elkhart County, Indiana in 2012. Lipppert Components Manufacturing, Inc., of Goshen, and Kinro Manufacturing, Inc., of Middlebury, IN both manufacture components for the MH and RV
MH Component Sister Companies Produce 330 New Jobs Read More
MHProNews mourns the passing in Hartford, CT of Kristian Jensen, Jr., a logtime MH industry member and ardent advocate. Kris, 78, was instrumental in building the family business as a teenager from a automobile dealership to the current Jensen’s Inc, which owns and manages 29 MHCs in eight states. Kris
Passages…Kristian (Kris) Jensen, Jr. Read More
vcstar reports from Ventura County, California, the owner of a land lease community in Fillmore filed a lawsuit in U.S. District Court alleging the city is preventing her from converting the 55 and older community to for-sale condominium lots open to all buyers and ages. Nancy Watkins, owner of El
MHC Owner Wants to Convert to All-age, City Balks Read More
pressofAtlanticCity reports the opening of a new modular home builder and sales office in Ship Bottom, New Jersey, has been delayed while the state Department of Transportation (DOT) approves changes to the site that once housed a gas station. Developer Nicholas Garofolo has plans for the once-acre site to include
Modular Builder Opening Design Center Near Jersey Shore Read More
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
Rent Control Repeal Brings Relief to MHC Owner Read More
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
More European Debt Fears Foul the Dow Read More
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
Mod Units to Ship. Who’s Paying the Tab? Read More
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
Drew Ind. to Broadcast QE3 Financials Nov. 2 Read More
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
