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.
Business Wire reports that Wells Fargo (NYSE:WFC) has been chosen for the fifth year in a row as Community Lender of the Year by the Manufactured Housing Institute ((MHI) at their annual Congress & Expo in Las Vegas. Wells Fargo Multifamily Capital has originated over $4.7 billion in community loans …
Corporate Giant Selected as Best MH Community Lender Read More
Benzinga reports Xactware has developed software that incorporates cost data for over 6,000 manufactured and pre-HUD code homes from 1972 to 2011 for insurance purposes in case of loss or damage. From NADA Appraisal Guides, Inc., 360Value determines depreciated cost-replacement guides for manufactured and pre-HUD code homes. Xactware says it …
At the Manufactured Housing Institute’s 2011 Congress & Expo in Tulsa OK, Robin Crow, musician, author, and developer of Dark Horse Recording Studios, said regardless of what business you are in, creating an environment for employees and customers to make them feel better is the most important thing you can …
Keynote Speaker at MHI Congress Offers Success Tips Read More
TULSA, OK – April 28, 2011. Continuing converge by MHMSM.com of the 2011 Great Southwest Home Show in Tulsa OK shows the Industry professionals beginning to take in the amazing display of homes at this World’s Largest Indoor Home Show.
LAS VEGAS, NV – April 28, 2011. Jerry Wolff (Marketing Manager, GE Appliances) addressed the Manufactured Housing Institute (MHI) Congress in Las Vegas NV to urge a paradigm shift from problems to problem solving. Use social media, be pro-active. Having a small group of people who surf the web to …
TULSA, OK – April 27, 2011. Jeff Templeton and other members of our MHMSM.com team are at the QuikTrip Center in Tulsa OK before the Great Southwest Home Show opens on April 28. A record crowd is expected Thursday and Friday for the World’s Largest Indoor Home Show. Sponsored by …
Pre-opening Glimpse of the 2011 Great Southwest Home Show in Tulsa OK Read More
The Dow moved up to its highest level since 2008, gaining 95.59 points, to close at 12,690.96. Housing stocks closed mixed or even. Nobility Homes gained 1.76 percent, Sun Communities was up 0.42 percent, Equity Lifestyle gained 0.30 percent, Palm Harbor lost .25 percent, and Skyline Corporation was down .05 …
Dow Moves to Highest Point in Three Years, Housing Stocks Mixed Read More
Las Vegas, NV – April 27, 2011. At the Manufactured Housing Institute (MHI)’s 2011 National Industry Awards in Las Vegas today, the honor for the best Production Manufactured Home of 1800 square feet or less went to Steven Lefler and Gary Brown of Modular Lifestyles, Inc. The Irvine, California, company …
Modular Home Wins National Award, Uses Very Little Energy Read More
Las Vegas, NV – April 27, 2011. Joe Stegmayer (Chairman & CEO, Cavco Industries and present Chairman, MHI) addressed the attendees at MHI’s 2011 Congress & Expo in Las Vegas, NV. He noted that Land Lease Communities (LLCs) have done better than most sectors of the housing industry, which has …
Opening Remarks of MHI Chairman Joe Stegmayer at Vegas Congress Read More
Following up on a post from April 22, The Republican, of Massachusetts, reports that the dwelling on former City Councilor Angela Plassmann’s Northampton property that drew neighborhood complaints has been removed. Despite her attorney’s insistence that the structure was a properly licensed RV, neighbors said it was “a manufactured home …
Structure Removed from Property Ends Investigation Read More
Following up on a post from April 7, the Los Angeles Daily News says a majority of residents of Oakridge Mobile Home Park support an LA city plan to install 60 new manufactured homes in the community and rent them to qualified applicants as affordable housing. A 2008 wildfire destroyed …
The Oakdale Patch of Minnesota reports that Rep. Nora Slawik of the Minnesota House of Representatives has introduced bill number HF1430 to provide low-cost mediation when residents of a manufactured home community have a disagreement with community owners. In the past, many communities have been family-owned and were responsive to …
Legislation Would Provide Legal Recourse for Community Disputes Read More
WRTF7 in West Virginia says the number of manufactured homes shipped to the state fell from 4,700 in 1995 to 1,833 in 2007. Last year 1,100 were sold in the state. Manufactured housing used to claim 60 percent of all housing starts here, according to West Virginia Housing Institute Executive …
Manufactured Housing Shipments to West Virginia are Down Read More
LAS VEGAS, NV – Members of the MHMSM.com team are present at MHI’s 2011 National Congress & Expo for Manufactured and Modular Housing, where over 700 Industry professionals have gathered to get the latest and greatest ideas. See live reports, photos and videos from the MHI National Communities Council (NCC) …
Hundreds of Industry Pros in Vegas for MHI Congress & Expo Read More
U.S. stocks finished at their highest levels in three years, upon news of earnings results and a better-than-expected report on consumer confidence. The Dow rose .93 percent to close at 12,595.37. The Manufactured Housing Composite gained 1.82 percent to close at 1234.10. Palm Harbor Homes was up 100 percent, Skyline …
The Dow closed slightly down today from mixed results among stocks, and in anticipation of the Federal Reserve statement scheduled for later this week. It finished the day minus 26.11 points to close at 12,479.88. In housing stocks, Nobility Homes gained 3.25 percent, Cavco and ELS were both up .37 …
Northern Nevada Business News reports the sale of new site-built and manufactured homes in mile-high Elko, Nevada, is up for the first quarter of the year over last year. Real estate agents sold 21 in the first quarter of 2011, 15 percent more than last year, and at an average …
The National Association of Home Builders (NAHB) reports sales of new single-family homes rose 11.1 percent in March to a seasonally-adjusted rate of 300,000 units, but the pace of new home sales was similar to the last six months of 2010. NAHB Chief Economist David Crowe said, “A limiting factor …
The Times and Democrat in Orangeburg, South Carolina, reports the Orangeburg County Planning Commission is considering a resolution to allow manufactured housing to become more widespread in town. Harold Young, Deputy Administrator of the Community Development Division, said there have been requests to locate more single-section manufactured homes in areas …
SmarTrend says the cash flow in two of the top five residential Real Estate Investment Trust (REIT)s are manufactured housing community owners. With a price per share of $58.18 and a free cash flow of $3.76 per share, Equity Lifestyle Properties (NYSE:ELS) has a price to cash flow ratio of …
Two of Five Best REITs are Top MH Community Owners Read More
