The esteemed Warren Buffett, Oracle of Omaha, the eminence of income, who worked hard and smart and honestly to make his wealth, according to wallstreetcheatsheet, in an essay published online by Fortune magazine remarks on the incredible economic growth in this country since 1776, and the future importance of gender …
The “Father” of the used manufacturing housing business and author of the book “Deals on Wheels,” Lonnie A. Scruggs passed away April 15 in Chesapeake, VA at age 83. Mobile Home University says he was the first best-selling author of a book about how to make money from buying, selling, …
A program in Arkansas through Entergy, which supplies energy to over 687,000 people in 62 counties, is offering a free program to help reduce energy costs in manufactured homes. David Lewis of Entergy says they will install aerators on faucets that reduces the flow of water, shower heads that use …
Free Energy Savings for Ark. Manufactured Housing Residents Read More
Senator Kevin Bryant of the South Carolina Legislature was honored by the Manufactured Housing Institute of South Carolina (MHISC). He said, “ I was honored by the Manufactured Housing Institute of South Carolina on Thursday 04.18.13 with the Legislator of the Year for 2012. Most legislation dealing with Manufactured Housing …
Updating a story MHProNews last covered April 27, 2011 regarding the wildfire that destroyed 488 of the 600 manufactured homes at the Oakridge Mobile Home Park in Sylmar, Calif. in Nov. 2008, 60 spanking new manufactured homes have risen from the ashes and are now rentals. The dailynews says the …
Noting that baby boomers are poorer than their parents, with half of those facing retirement having less than $10,000 in the bank and one of six of them living in poverty, psmag informs MHProNews the residents of the 333 factory-built homes at Pismo Dunes Senior Park in central Calif. have …
MHProNews has learned from the Wall Street Journal there is rare bipartisan support in Congress to roll back a provision in the Dodd-Frank Act that could produce a decline in manufactured home lending, thereby hurting builders, lenders, and owners. A part of Dodd-Frank sets a threshold for interest rates beyond …
Both Parties in Congress Favor Revising Dodd-Frank Read More
Following up on a story MHProNews posted April 12, 2013 concerning a Delaware initiative to provide up to $5,000 to help manufactured home owners in financial hot water, we have learned Del. manufactured homes are registered through the Dept. of Motor Vehicles like automobiles, a throwback to the early days …
IMSoup reports from Austin, Texas more people are interested in modular homes this year than in 2012, as the traditionally strong home-buying season begins. Modular Homes Network reports a nearly 25 percent increase in interest in modular homes for March 2013, especially in Houston, Austin, Dallas and San Antonio. As …
The March 27 Webinar, Real Homes, Real Value: Improving Real Property Appraisals of Manufactured Homes sponsored by the Corporation for Enterprise Development (CFED), addressed the problems of getting accurate appraisals on manufactured homes across the country. Doug Ryan, Director of Affordable Homeownership Initiatives at the CFED, says the Innovations in …
The Advocate informs MHProNews from Clinton, LA north of Baton Rouge, the Police Jury has a new ordinance that governs the siting of manufactured homes in unincorporated areas of the parish. The version chosen was the one supported by the parish’s Planning and Zoning Commission over one proposed by jury …
Updating an article we posted Feb. 11, 2013 regarding Clayton Homes’ teaming with teacher Patricia Bradley to open Tenn.’s first STEM (science, technology, engineering and math) school, KnoxNews says the Clayton-Bradley Academy in Maryville has hired a full staff of teachers and enrolled half of the anticipated K-6 students. Adjacent …
InsiderMonkey reports UMH Properties (NYSE:UMH) generates an average of $391 for each of its 10,644 homesites. With vacancies around only 20 percent, involvement in manufactured homes sales and rentals, and no exposure to commercial or retail properties, it is wildly profitable. Although it is considered a small-time real estate investment …
Governor Andrew Cuomo has proclaimed April 27 – May 5, 2013 as Factory-Built Home Days across New York State, coinciding with the New York Housing Association’s 2013 Spring Symposium and Legislative Summit April 30-May 1 in downtown Albany, NY. In his proclamation, the governor states manufactured housing is a source …
RuralHome.org informs MHProNews the Corporation for Enterprise Development (CFED), a non-profit dedicated to expanding opportunity for low-income families and communities in the U. S., reports manufactured home borrower repayment records are comparable to site-built mortgage borrowers, and in some cases were better than comparable general mortgage portfolios. CFED’s report, Toward …
Strong Loan Performance from Manufactured Home Mortgages Read More
Four uninhabitable manufactured homes at Florella’s Park in Northfield, Minn. that have been empty for years will be removed by the Housing and Redevelopment Authority (HRA) using funds from a Housing and Urban Development (HUD) Block Grant, as southernminn tells MHProNews. According to federal standards, HRA must acquire the homes …
The Texas Manufactured Housing Association (TMHA) reports of the 5,677 bills filed during the state’s 2013 Legislative Session, TMHA is following 175 of them. Included are House Bill (HB) 3361 and Senate Bill (SB) 214 which would continue the Texas Dept. of Housing and Community Affairs (TDHCA–the agency that oversees …
Legislative Initiatives that Affect Manufactured and Modular Housing Read More
From the dead center of Washington state, wenatcheeworld informs MHProNews the sale of houses priced at $250,000 or below sparked a 40 percent increase of home sales over the first two months of 2012, typically one of the slower periods of the year. “Put an entry-level home on the market …
Although Baldwin County’s planning director recommended to the planning and zoning commission and to the county commission that 1.4 acres be re-zoned from single-family to manufactured housing in far south Alabama to permit siting of seven manufactured homes, the county commissioners denied the request. AL.com tells MHProNews a small contingent …
Proposal for Rezoning to Accommodate Manufactured Homes Denied Read More
In their monthly report, the Manufactured Housing Institute (MHI) informs MHProNews the 4,190 MH shipped in Jan. is a 6.2 percent increase in production of manufactured homes in Jan. 2013 over Jan. 2012, representing a rise in both single-section as well as multi-section homes. Total floors shipped in Jan. 2013 …
Number of MH Plants and Corporations Remains the Same Read More
