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.

NAR says Interent home shopping continues to rise, housing pros move with that trend

By / / Manufactured and Modular Housing News

DigitalJournal reports on a recent National Association of Realtors (NAR) study that asserts that 94% of home buyers begin their housing search online. This move in consumer home buying habits has motivated some housing companies to provide a maximized Internet shopping experience, one that supports the personal service experience. “It […]

NAR says Interent home shopping continues to rise, housing pros move with that trend Read More

Wells Fargo closes loans for 6 communities for $50 Million

By / / Manufactured and Modular Housing News

MHProNews.com has learned that Wells Fargo Multifamily Capital’s Tony Petosa and Nick Bertino have reportedly closed 50 million in loans on 6 manufactured home community properties in the last 90 days.   The six properties are located in four states across the country and total 1,661 sites.  These included, Club Marina,

Wells Fargo closes loans for 6 communities for $50 Million Read More

Local market bucks trends, may provide clues to boost housing

By / / Manufactured and Modular Housing News

SavannahNow reports on a bright spot of the nations housing market that has benefited single family, modular, townhome and condo sales. Sales hit a four year high in Chatham, Bryan and Effingham county areas of South Carolina. 416 homes changed hands in August, the third month running this area has

Local market bucks trends, may provide clues to boost housing Read More

AG gets injunction against manufactured home community owner

By / / Manufactured and Modular Housing News

LegalNewsline reports an update on a story previously covered by MHProNews.com, that  Massachusetts Attorney General Martha Coakley announced she had obtained a preliminary injunction prohibiting the owners of a manufactured housing community from continuing alleged intimidating sales tactics. Morgan RV Resorts LLC and its sales team allegedly used intimidating tactics

AG gets injunction against manufactured home community owner Read More

Dow follows Euro markets down, manufactured housing drops

By / / Manufactured and Modular Housing News

CNNMoney reports the Dow plunged more than 300 points today, as Euro and domestic clouds rocked investor confidence. European financial markets dropped following a shakeup at the European Central Bank, with London, Frankfurt and Paris dropping 2-4% and the euro dropping 1.7% against the dollar. The Dow closed at 10,992.13

Dow follows Euro markets down, manufactured housing drops Read More

Ninth Circuit tosses MERS suit, BoA and other banks pleased

By / / Manufactured and Modular Housing News

Housingwire reports that the Ninth Circuit U.S. Court of Appeals upheld a lower court’s decision to dismiss a fraud suit filed as a class action against the Mortgage Electronic Registration System (MERS), Bank of America (BoA) and countless other financial institutions. The original suit filed by three homeowners as a

Ninth Circuit tosses MERS suit, BoA and other banks pleased Read More

County purchasing manufactured homes for employees

By / / Manufactured and Modular Housing News

WillistonDailyHerald reports that Williams County Commissioners (ND) have unanimously approved the purchase of four manufactured homes for use as housing for county employees.  Williams County Sheriff Scott Busching explained ongoing efforts to secure housing for county employees during the meeting.  “We’ve so far purchased four mobile homes in Cimarron Heights,”

County purchasing manufactured homes for employees Read More

Canadian home building and housing overall continues strong

By / / Manufactured and Modular Housing News

RTTNews reports Canadian building permits matched a record high in July.  This suggests Canada’s housing market continues to thrive despite economic concerns. The value of building permits rose 6.3 percent to C$7.0 billion in July, matching the record set in May 2007, according to Statistics Canada. Much of the increase

Canadian home building and housing overall continues strong Read More

Businesses and workplace impacted by Cyber-bullying

By / / Manufactured and Modular Housing News

Internet searches on a manufactured housing builder’s may lead web surfers to hacked off consumer complaint sites.  Some of these attacks are anonymous.  All of them can be difficult to handle, especially in the absence of positive efforts to build a company or the industry’s image.  These attacks are not

Businesses and workplace impacted by Cyber-bullying Read More

Record low mortgage rates, but weak economy keeps many buyers on sidelines

By / / Manufactured and Modular Housing News

Bloomberg reports that U.S. mortgage rates tumbled 4.12 percent, the lowest in at least four decades. “Homebuyers are not responding to these record-low interest rates,” said Patrick Newport, economist at IHS Global Insight in Lexington, Massachusetts. “The reason interest rates are dropping recently is that the outlook for the economy

Record low mortgage rates, but weak economy keeps many buyers on sidelines Read More

Ben Blows, investors froze, stocks close low, manufactured housing slides too

By / / Manufactured and Modular Housing News

CNNMoney reports that Fed Chief Ben Bernake’s address failed to impress investors, even though big Ben said the Fed could use certain “tools” to help stimulate the economy if needed.  The Dow fell 11,295.96 -118.90 (-1.04%).  The Yahoo! Finance Manufactured Housing Composite index value slipped even faster, to  821.6 (-3.12%).

Ben Blows, investors froze, stocks close low, manufactured housing slides too Read More

Canadian factory builder comes to the U.S.

By / / Manufactured and Modular Housing News

Fitsnews reports that Toronto Canada based Innovative Composites International, Inc. (ICI) has announced it will build a new production facility in Orangeburg County, SC.  The $9.3 million investment is expected to generate 300 new jobs over five years. “South Carolina has provided us with an excellent location for our new

Canadian factory builder comes to the U.S. Read More

Malibu and Maxey reminds us some ‘mobiles’ are worth millions

By / / Manufactured and Modular Housing News

CalgaryHerald reports on a story MHProNews.com has previously covered, that even ‘mobile homes’ (sic) on the Malibu, CA coast can be worth millions.   Two gated, ocean-view communities in Malibu – Paradise Cove and Point Dume Club – struggled during the downturn. “In 2008 and 2009 people were just scared to

Malibu and Maxey reminds us some ‘mobiles’ are worth millions Read More

Dow roars, Manufactured Housing stocks rises too

By / / Manufactured and Modular Housing News

CNNMoney reports that the Dow rallied today to close at 11,414.86. +275.56 (+2.47%). The Manufactured Housing Composite Value: 848.0 +4.67%. Affiliated Managers Group 85.31 +5.02 (6.25%).  Clayton Homes, Vanderbilt Mortgage and Finance and other MH builders, lending and housing suppliers parent company Berkshire Hathaway 106,120.00, +3,545.00 (+3.46%). Cavco Industries 35.71 +1.64

Dow roars, Manufactured Housing stocks rises too Read More

New March date attracting strong support for MH Show

By / / Manufactured and Modular Housing News

Sources tell MHProNews.com that momentum is building for the return of the 2012 Great Southwest Home Show.   “The Great Southwest Home Show gave us a great platform to introduce and sell our Rocky Mountain Series.” said Howard McGirt, General Manager  of Southern Energy Homes of Texas.  Kurt Kelly of Mobile

New March date attracting strong support for MH Show Read More

GE completes 8+ Mil Refi for Manufactured Home Community

By / / Manufactured and Modular Housing News

NewsJournalOnline reports that Florida-based Amicorp Inc. secured an $8.25 million dollar refinance on their 207 home-site manufactured home community, named The Oaks. Amicorp’s plans for The Oaks include having new homes built and installed on 7 vacant sites, as well as other improvements.  “We were able to get a better

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