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.
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 […]
MHC Owner: “Don’t Tread on Me” Read More
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
Student Housing Developer wants Missouri MHC Read More
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
Modular Homes to Stabilize Neighborhood Read More
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
Dow Takes the Plunge, MH Suffers Grunge Times Two Read More
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
“Oh, Canada” investors sing “Viva Las Vegas!” Read More
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
Uptick Noted for Drew Industries Stock Read More
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
Modular Vacations on Cape Cod Read More
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
WashingtonPost reports Ben Barnanke will get pounded from the left and the right at this week’s Federal Reserve policy making committee. Half of the ten member committee disagrees with his monetary policy. The conservatives say he is doing too much; the liberals saying he is not doing enough. “A growing
Bernanke in the Ring: “It’s a left, then a right, another left …!!” Read More
MHProNews has learned of a letter sent to the Minot Daily News from a woman whose single-mother daughter wisely moved her manufactured home out of the flood zone in advance of the raging Souris River this past spring, but now has no place to site it. The original community, Valerie
Water and Oil: A Tough Mix in Minot Read More
MHProNews asked DJ Pendleton, the Executive Director for the Texas Manufactured Housing Association (TMHA), to comment about his being approached by MHI’s leadership to fill the role by the departing Thayer Long. “I was exceptionally flattered to be mentioned as a potential replacement for Thayer, especially after I saw the
TX State Exec for the departing Thayer Long’s post? Read More
CNNMoney reports the Dow Jones Industrial Average rose a mere 22.56 points during the day, as investors stepped back from yesterday’s blockbuster. However, the month of October has seen the value increase 12 percent, and the gains have been the best since January 1987. The Dow closed at 12,231.11, a
Dow Rests Following Huge Rally; Nobility Homes Spikes Read More
LIBN reports from Smithtown on Long Island in New York that Veritas Villages of America plans to build 560 affordable modular homes, apartments and townhouses for U.S. military veterans and their families. Veritas intends to win grants from the federal government to provide veterans housing and qualify for the HUD-VASH
Roll Call: Vets to Muster in Modular Home Community Read More
MHProNews has learned in a report from DSnews the Federal Housing Financing Agency (FHFA) has redesigned HARP (Home Affordable Refinance Program) to bolster more underwater homeowners, and thereby buoy the housing market a little longer. Originally, only those who owed more than 25 percent above the value of their home
The New HARP: Performing for a Larger Underwater Audience Read More
KRGVTV reports from Laferia, Texas, that an MH dealer with two pending civil cases against it has received a fresh batch of accusations alleging fraud. Park Girl in Laferia, in south Texas, has been accused of taking deposits for manufactured homes and then breaking the contract without returning the money.
MH Dealer Facing New Charges Read More
MHProNews has learned from NationalMortgageNews the Federal Housing Finance Agency (FHFA) now estimates it will cost $52 billion less to bail out Fannie Mae and Freddie Mac because of better than expected results of the GSEs (government sponsored enterprises). The agency’s original estimate was between $221 billion to $330 billion,
Bailout Estimate Falls. FHFA Funds GSEs; GSEs Pay FHFA Dividends. Any Questions? Read More
