Manufactured and Modular Housing News Archives

Jul 29 2011July 29, 2011

Maryland manufactured home community opens million dollar residents center

By MHProNews / July 29, 2011 July 29, 2011 / Manufactured and Modular Housing News

PRWeb reports that Harford Village, a manufactured home land-lease community of over 480 sites, opened a new residents recreational center. New amenities including a swimming pool and children’s playground. A new community center is also available for resident’s use. Sue Edgeworth, the community manager, said: “With all this record-breaking heat, …

Maryland manufactured home community opens million dollar residents center Read More

Jul 29 2011July 29, 2011

Supreme Court ruling benefits Communities seeking Coop Status

By MHProNews / July 29, 2011 July 29, 2011 / Manufactured and Modular Housing News

IAMHA executive director Joe Kelly tells MHProNews.com that the Iowa Supreme Court decision has come down today in a case important to those seeking to transition manufactured home communities into resident owned communities. The Board of Review of Jasper County, Iowa, sought further review of the court of appeals decision …

Supreme Court ruling benefits Communities seeking Coop Status Read More

Jul 28 2011

Debt Ceiling Talks Drops Dow, Manufactured Housing stocks mixed

By MHProNews / July 28, 2011 July 28, 2011 / Manufactured and Modular Housing News

As the debt ceiling issue rages on in DC, the Dow dropped just over half a percent to close at 12,240.11, off by – 62.44. Manufactured housing stocks had mixed results. Overall the Manufactured Housing Composite Index rose +0.82% to 1018.70. Clayton’s parent Berkshire Hathaway closed 112,336.00, up $286 or …

Debt Ceiling Talks Drops Dow, Manufactured Housing stocks mixed Read More

Jul 28 2011July 28, 2011

Former Mortgage Broker and Manufactured Home Dealer Plead Guilty

By MHProNews / July 28, 2011 July 28, 2011 / Manufactured and Modular Housing News

LoanSafe reports a former mortgage broker and the owner of a defunct manufactured housing dealership in Conway SC pleaded guilty to felony mortgage fraud charges today in federal court in Florence. Michael Fortenberry, the mortgage broker, and Glenn Vaught, former owner of G&E Home Sales, pleaded guilty to one charge …

Former Mortgage Broker and Manufactured Home Dealer Plead Guilty Read More

Jul 28 2011July 28, 2011

NAR Reduce Staff and Employees By About 10 Percent

By MHProNews / July 28, 2011 July 28, 2011 / Manufactured and Modular Housing News

AgentBeat reports that National Association of Realtors (NAR) Chief Executive Officer, Dale Stinton planned to “reduce staff and employees” in the NAR by about 10 percent. This came as a result of the annual budget review process. Stinton added the NAR is the ahead of budget this year and will …

NAR Reduce Staff and Employees By About 10 Percent Read More

Jul 28 2011

Stephens County amends manufactured home placement ordinance

By MHProNews / July 28, 2011 July 28, 2011 / Manufactured and Modular Housing News

The IndependentMail reports Stephens County (GA) Commissioners has approved the first readings of an amendment to county ordinances dealing with pre-owned manufactured homes being moved into the county. The ordinance is designed to comply with state regulations. Georgia state law passed in 2010 keeps someone from moving a ‘mobile home’ …

Stephens County amends manufactured home placement ordinance Read More

Jul 28 2011July 28, 2011

Hummers becoming Modular Homes? Yup.

By MHProNews / July 28, 2011 July 28, 2011 / Manufactured and Modular Housing News

TruckTrend reports architects Craig Hodgets and HsinMing Fung have turned Hummer sheet metal parts into a modular home. The iconic image of wasteful consumerism from the 90s and 00s could now become an environmentally friendly recycled HummerHaus. Eight Hummer H2 body shells serve as the walls around a steel framed …

Hummers becoming Modular Homes? Yup. Read More

Jul 28 2011July 28, 2011

Bank-Owned Properties Kill Housing

By MHProNews / July 28, 2011 July 28, 2011 / Manufactured and Modular Housing News

HomeBuyerInstitute reports that the three biggest problems for the U.S. housing market are (1) excess inventory, (2) elevated unemployment and (3) tighter lending restrictions. Their report shows the inventory of bank-owned properties have the most impact on home prices. A report by Laurie Goodman, a mortgage and housing analyst with …

Bank-Owned Properties Kill Housing Read More

Jul 27 2011July 27, 2011

New State Law Exempts HUD and Mod Homes from Sales Tax

By Matthew Silver / July 27, 2011 July 27, 2011 / Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, news-at-noon, People

PRNewswire states that global tax services provider Ryan reports Wisconsin’s Governor Scott Walker signed the Assembly 40 budget bill that will change certain tax laws. Included is a provision that specifically exempts manufactured and modular housing from sales tax when it is sold in Wisconsin but used beyond state borders. …

New State Law Exempts HUD and Mod Homes from Sales Tax Read More

Jul 27 2011September 12, 2018

Two New MHCs on the Drawing Board in Connecticut

By Matthew Silver / July 27, 2011 September 12, 2018 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, news-at-noon

The New Haven Independent in Connecticut asserts that Garden Homes Management Corporation has plans to develop two manufactured home communities in Oxford. The filing with the Planning and Zoning Commission for the first proposal, called Oxford Commons, would have 99 multi-section manufactured homes on 32 acres. The second project, Donovan …

Two New MHCs on the Drawing Board in Connecticut Read More

Jul 27 2011

Dow Loses Nearly 200 Points; Housing Stocks Mixed

By Matthew Silver / July 27, 2011 July 27, 2011 / Manufactured and Modular Housing News, news-at-noon, Stocks

Slowdown in manufacturing and concerns about the stymied debt ceiling talks sends the Dow down 1.59 percent to close at 12,302.55. Housing stocks closed mixed, although several took a fall as well. Berkshire Hathaway (parent of Clayton Homes) lost 1.09 percent, Cavco nudged up .49 percent, Deer Valley closed flat. …

Dow Loses Nearly 200 Points; Housing Stocks Mixed Read More

Jul 27 2011

Proven Method of Ridding the Market of Unwanted Foreclosed Homes: Bulldoze

By Matthew Silver / July 27, 2011 July 27, 2011 / Business, Company News, Economy, home buyers, Manufactured and Modular Housing News, news-at-noon

Bloomberg News reports that Bank of America (B of A), the nation’s largest mortgage servicer, has a solution for disposing of the worst abandoned and foreclosed homes. B of A will work with a local agency in Cleveland to demolish 100 homes. Gus Frangos, president of the Cleveland-based Cuyahoga County …

Proven Method of Ridding the Market of Unwanted Foreclosed Homes: Bulldoze Read More

Jul 27 2011July 27, 2011

In Bankruptcy, Capistrano Terrace’s Closure Plans on Hold

By MHProNews / July 27, 2011 July 27, 2011 / Manufactured and Modular Housing News

SanJuanCapistranoPatch reports a controversial plan to close the Capistrano Terrace ‘mobile home park’ has been placed on hold. Capistrano Terrace Ltd. filed for chapter 11 bankruptcy protection and owes the city of San Juan Capistrano $7,548 in administrative fees. “…due to the bankruptcy, funding is not available and cannot be …

In Bankruptcy, Capistrano Terrace’s Closure Plans on Hold Read More

Jul 27 2011

Vermont Manufactured Home Community residents prevent closure

By MHProNews / July 27, 2011 July 27, 2011 / Manufactured and Modular Housing News

WCAX reports that a Windsor VT manufactured home community was saved from the threat of closure when 14 families became the new owners of the ‘park.’ Rockingham Area Community Land Trust, the prior owner, claimed high costs and threatened to close the location. “We have elderly people and people on …

Vermont Manufactured Home Community residents prevent closure Read More

Jul 27 2011July 27, 2011

Manufactured Home Community Rent Decontrol Activists Paid to attend Chula Vista meeting

By MHProNews / July 27, 2011 July 27, 2011 / Manufactured and Modular Housing News

SignOnSanDiego alleged that owners of a “mobile home park” packed a meeting of the Chula Vista City Council meeting by paying activists to support rent decontrol. The City Council voted to allow rent to be raised when a home in the community is sold. The change in ordinance impacts future …

Manufactured Home Community Rent Decontrol Activists Paid to attend Chula Vista meeting Read More

Jul 26 2011July 26, 2011

Senator Jon Tester sounds off on Debt Battle

By MHProNews / July 26, 2011 July 26, 2011 / Manufactured and Modular Housing News

In a statement to MHMSM.com, U.S. Senator Jon Tester (R-MT) made the following statement. “In recent days we’ve all seen the arguments and disagreements back in Washington play out in the headlines. It’s easy to get caught up in the back-and-forth without focusing on the nuts and bolts that matter …

Senator Jon Tester sounds off on Debt Battle Read More

Jul 26 2011

Dow Dips as Moody, S&P Warn of U.S. Credit Downgrade

By MHProNews / July 26, 2011 July 26, 2011 / Manufactured and Modular Housing News

The Dow dropped 91.50 or .073% to close at 12,501.30 today. The dip came on the heels of Moody’s and S&P’s renewed warning they may downgrade the U.S. Credit rating over the debt ceiling issue. Most manufactured housing stocks also fell. Berkshire Hathaway (parent of Clayton Homes) dropped -.0.49. Cavco …

Dow Dips as Moody, S&P Warn of U.S. Credit Downgrade Read More

Jul 26 2011July 26, 2011

Canadian Housing Mortgage Giant Scrutinized

By MHProNews / July 26, 2011 July 26, 2011 / Manufactured and Modular Housing News

The Vancouver Sun reports the role of the Canada Mortgage and Housing Corporation (CMHC) has been reviewed by the CD Howe Institute, Fraser Institute and the Macdonald-Laurier Institute. Each provided recommendations, including privatization. Canadian taxpayers are on the hook for $500 billion to lenders. Some fear that Canadian government owned …

Canadian Housing Mortgage Giant Scrutinized Read More

Jul 26 2011July 26, 2011

Morse reports Canadian home sales surge

By MHProNews / July 26, 2011 July 26, 2011 / Manufactured and Modular Housing News

CTV reports the Canadian Real Estate Association (CREA) stated their members sold 10.8 per cent more homes last month compared with June 2010 and 2.6 per cent higher than in May 2011. CREA president Gary Morse said they are avoiding recession due to low interest rates, job growth, and home …

Morse reports Canadian home sales surge Read More

Jul 26 2011July 26, 2011

Congress asked to Reduce HUD’s Manufactured Housing Program Budget

By MHProNews / July 26, 2011 July 26, 2011 / Manufactured and Modular Housing News

In a news release to MHMSM.com, MHARR announced they will ask Congress to review the HUD Manufactured Housing Program budget. The Manufactured Housing Association for Regulatory Reform (MHARR) asserts that HUD’s program budget has grown, while manufactured housing shipments have dropped 86% in 13 years. They suggest that Congress cut …

Congress asked to Reduce HUD’s Manufactured Housing Program Budget Read More