Manufactured and Modular Housing News

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.

Massachusetts AG sues manufactured home community owner

Saratogan reports Massachusetts Attorney General Martha Coakley is suing the owners of Saratoga Springs NY based Morgan RV Resorts, alleging the company is intimidating members to collect exorbitant fees in their Cape Cod manufactured housing community. According to Coakley’s press release, the company’s sales team “aggressively solicited homeowners at Peters […]

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Maverick NY AG Schneiderman removed from mortgage settlement deal committee

LegalNewsline reports that New York Attorney General Eric Schneiderman was removed from an executive committee negotiating a nationwide foreclosure settlement with major U.S. lenders. Iowa Attorney General Tom Miller, leading the committee, said Schneiderman has “actively worked to undermine” its effort. State attorneys general, the U.S. Justice Department, Treasury Department

Maverick NY AG Schneiderman removed from mortgage settlement deal committee Read More

Proposal to sell city own manufactured home community defeated

NCTimes reports that the proposal to consider selling city owned Laguna Vista Mobile Home Park in Oceanside, CA has died. The Financing Authority in February voted 4-0 to instruct city staffers to explore the idea of selling the manufactured home community. The city panel that oversees the land lease community’s

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Mother Nature Loves Prefab Blu’s new Mod

MotherNatureNews (MNN) reports that prefab home builder BluHomes has unveiled a new line of New England style modular homes that ‘fits the architectural vernacular of traditional and historic communities.’ Massachusetts-based prefab firm Blu Homes unveils Lofthouse, a New England style modular home that has already been making small waves on

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Gold drops $104 to 1757.30, stocks rise on QE3 hopes, MH rises too.

CNNMoney reports that while there are no guarantees, some traders in the markets responded to hopes of a possible QE3 announcement by the Fed this Friday. The Manufactured Housing Composite index rose 3.34% to close at 770.5. AMG 81.87 +1.44‎ (1.77%‎), but retreated in after hours trading. Clayton Homes, Vanderbilt

Gold drops $104 to 1757.30, stocks rise on QE3 hopes, MH rises too. Read More

Analysts rate a Manufactured Home Communities REIT a buy

Newsystocks reports that equities research analysts at Ladenburg Thalmann initiated coverage on Sun Communities Inc (NYSE: SUI) in a research note to investors on Wednesday. Thalmann set a “buy” rating on Sun stock and a $43.00 price target. Analysts at The Benchmark Company raised their price target on shares of

Analysts rate a Manufactured Home Communities REIT a buy Read More

Modular with solar power selected for Green Home Tour

Award-winning Modular Lifestyles has had the home in the photo to the left selected for the 3rd Annual Upcoming Ojai Valley Green Home Tour held October 1, 2011. The home passed the stringent So Cal Edison “CA Advanced Home” program standards. Modular Lifestyles VP, Steven Lefler, told MHMSM.com that “We

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Transitions: Steven J. Bromley, R.I.P.

RutlandHearald reports that Steven James Bromley, age 61, of North Charleston, S.C., died Saturday, August 20th, 2011, at his residence. He was the owner of Sea Island Building Systems Inc., Beaufort, S.C.; salesman with Highland Home Brokers Inc., Charleston, S.C.; owner of Vermont Precision Products; owner of Metronics Inc., Manchester,

Transitions: Steven J. Bromley, R.I.P. Read More

NAHB’s Crowe: ‘Low rates haven’t helped home sales’

CNNMoney reports that new-home sales fell once again in July, the third straight month of declines. The seasonally adjusted annualized rate of 298,000. This represents a modest 0.7% drop from a downwardly-revised rate of 300,000 homes sold in June, according to the Census Bureau, but up 6.8% from July 2010

NAHB’s Crowe: ‘Low rates haven’t helped home sales’ Read More

Market rally continues, Dow up, most MH rises too

CNNMoney reports the Dow Jones Industrial Average closed today at 11,176.76 +322.11 / +2.97% still off -3.46% for the year. The Manufactured Housing Composite Index rose a more modest 2.30% to close at 745.60. AMG 81.57 +4.34 (+5.62%) but dipped after hours. Clayton Homes, VMF and other MH building, lending

Market rally continues, Dow up, most MH rises too Read More

LinkedIn Users: change your Privacy Settings to avoid this issue

BYUManagementSociety reports that LinkedIn has recently changed it’s privacy settings”without notice.”   According to their message, if you don’t take action, Linkedin can use your name and photograph for advertising purposes. To change your privacy settings and thus avoid this happening to you, here is what LinkedIn members have to

LinkedIn Users: change your Privacy Settings to avoid this issue Read More

What a difference a border makes! CREA president optimistic

MeridianBooster reports the Canadian Real Estate Association (CREA) states national resale housing activity was stable in July after the June increase. “The continued stability in national sales activity shows that homebuyers remain confident about the soundness of investing in a home,” said CREA president Gary Morse. “Mortgage interest rates are

What a difference a border makes! CREA president optimistic Read More

CFPB’s researcher Sokolov says they won’t hamper small business

SMBSpot reports concerns among many that the Consumer Finance Protection Bureau (CFPB) will negatively impact small business, which is challenged during these touch economic times. Contrary to that concern, CFPB deputy director of their research department, Dan Sokolov, told a Congressional subcommittee that won’t happen. Sokolov said the agency’s focus

CFPB’s researcher Sokolov says they won’t hamper small business Read More

Origen Financial releases 2 Quarter 2011 statements

Marketwatch reports that Origen Financial Announces Second Quarter 2011 Results. Origen is real estate investment trust managing residual interests in securitized manufactured housing loan portfolios. They reported a net loss of $3.5 million, or $0.13 per share, for the quarter ended June 30, 2011, as compared to a net loss

Origen Financial releases 2 Quarter 2011 statements Read More

Market’s nudge ahead, but still down over 6% YTD, MH Mixed

CNNMoney reports that the Dow Jones Industrial Average closed at 10,849.02, up modestly +31.37 (+0.29%) after the recent declines, which have still left the market down 6.29% year to date. Yahoo! Manufactured Housing Composite Index value stood at 726.2, up +0.59%. TheStreets ratings downgraded AMG to a ‘hold,’ but the stock

Market’s nudge ahead, but still down over 6% YTD, MH Mixed Read More

County service shutoff to community abated as owners agree to pay $314,000 bill

RecordPub reports that Valley Hills Mobile Home Park owners will be paying $314,000 to the county water resources department that was in arrears. County officials threatened a cut off of service to the community located on Sandy Lake Road in Rootstown, OH. Buckeye Portfolio LLC of Burbank CA reportedly paid

County service shutoff to community abated as owners agree to pay $314,000 bill Read More

Case says market instability sapping would be buyers, housing drags

Bloomberg reports that Sanjay Jain called his real estate broker four days ago to cancel a purchase on a three-bedroom home in Folsom, California, citing recent market volatility. “Seeing what’s happening on the stock market made me think that it’s not a good time to be buying a home,” Jain

Case says market instability sapping would be buyers, housing drags Read More

LA Credit Unions looking at Manufactured Home Lending

CUInsight reports that the economic downturn continues to challenge financial institutions nationwide, but credit unions in Louisiana can take advantage of the opportunities to expand mortgage lending. This is particularly true among low- and moderate-income populations, says Terri J. Fowlkes, Director of Community Development Investments at the National Federation of

LA Credit Unions looking at Manufactured Home Lending Read More

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