RealDeal reports on a recent study by the Urban Land Institute (ULI) which looks at the market impact of the nation’s eighty million echo boomers. Echo boomers, are age 18-32 and are also known as Gen Y and millennials. This group has 200 billion in annual buying power. Carol Ruiz, […]
Developers target Gen Y homebuyers Read More
PressEnteprise reports that Calimsa’s CA City Council will review the rent control ordinance on August 15th. A full house is expected as residents and community owners plan to attend the hearing. City Manager Randy Anstine stated they will make no decisions but will take input on the topic. A sunset
Rent Control in manufactured home communities on the agenda Read More
WSPA reports that Henderson County deputies removed some 60 snakes and lizards, some of which were considered poisonous, from a western North Carolina ‘mobile home.’ Henderson County Sheriff Rick Davis said they learned about the problem when the reptiles owner was bitten by a venomous snake. Most of the snakes
Today’s lighter side: 60 snakes removed from ‘mobile home’ Read More
JoplinGlobe reports that the first residents are moving into the Federal Emergency Management Agency (FEMA) new Officer Jeff Taylor Memorial Park. Amber Flowers and her three daughters are among the first to make the move into the emergency housing FEMA has provided. “They’ve done a really nice thing here,” Flowers
Residents moving to FEMA’s new manufactured home community Read More
Zacks reports that UMH Properties and Equity Lifestyle Properties are among the five REITs with relatively low P/E ratios. UMH Properties (AMEX:UMH) has the lowest with a P/E of 17.4x. Equity Lifestyle Properties (NYSE:ELS) is second lowest with a P/E of 37.0x; American Campus Communities (NYSE:ACC) comes in third lowest
Market Watch: UMH and Equity Lifestyle reported among REITs with low P/E ratios Read More
Zacks reported today on five home building companies with the lowest Price to Earnings (P/E) ratios. Standard Pacific (NYSE:SPF) has the lowest with a P/E of 16.1x. Lennar (NYSE:LEN) is second with a P/E of 20.8x. NVR Inc (NYSE:NVR) followed with a P/E of 22.0x. Cavco Industries (NASDAQ:CVCO) came in
Zacks reports Cavco among 5 homebuilders with lowest P/E ratio Read More
Manufactured home shipments for June 2011 were 5,024 new homes, down 7.5 percent from June 2010. Trends by housing type were mixed with multi-section homes shipments down compared with the same month last year, while the single section homes shipments showed an increase. In comparison with the first half of
5,024 New Manufactured Homes Shipped in June 2011 Read More
In response to a request by the Manufactured Housing Consensus Committee (MHCC), the NFPA issued an update to its 2005 report on manufactured home fires. The updated report says that post standards homes had a 54 percent lower rate of civilian death and 22 percent lower rate of injuries than
National Fire Protection Association (NFPA) Issues Report on Manufactured Home Fires Read More
Benzinga reports that in these difficult times, manufactured housing is among the top-performing-industries in August. As of 10:15 AM EDT, the Manufactured Housing Composite Index was up by 2.24%. This rise was lead by Cavco Industries, up by 7.1%. Cavco will be reporting its FQ1 earnings after the closing bell
Manufactured housing among top performing in markets for August Read More
MinotDailyNews reports that K.C. and Cayttie Heister of Kopper Creek Building opened a facility near the North Central Research Extension Center. Kopper Creek is a factory systems builder, with locations in Montrose, CO and Nebraska. “We build anything from residential housing up to hotels, motels, restaurants,” Cayttie said. “Any type
Expanding Systems Builder had Tom Cruise as client? Yup. Read More
The Dickinson Press reports that Centennial Homes, a large regional manufactured home retailer, has opened a new location in Dickinson, ND. “We have every price point you can think of to cover everybody’s wants and needs,” said Randy Rempher, regional manager. The Aberdeen SD based company has some 20 display
Centennial Homes opens in Dickinson to serve area boom Read More
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
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
Federal Criminal Defense Lawyers reports that Philip R. Lochmiller, Sr., has been convicted by a jury in Denver, Colorado’s Federal Court on charges of defrauding 400 people out of $30 million. Convicted of conspiracy, money laundering conspiracy, money laundering and mail fraud, Lochmiller engineered a Ponzi scheme using manufactured housing
Jury Finds Philip Lochmiller, Sr., Guilty as Charged Read More
From California, SignOnSanDiego.com reports that residents of the 76-acre De Anza Cove Mobile-Home Park (a mixed community including manufactured homes) have reached a $3.6 million settlement with the city of San Diego for the poor treatment they received from a property management company hired by the city. The property-management company
Community Residents Receive Settlement After Harsh Actions by Management Read More
Remember the photo of the farm animals that would be allowed under proposed zoning in Rankin County, Mississippi while manufactured homes would be permitted only with a variance? (http://www.mhmsm.com/blogs/daily-business-news/mississippi-association-goes-to-bat-over-zoning-changes.php) The manufactured housing industry has prevailed, and that will not be the case. As reported by the Rankin Ledger, county supervisors
Manufactured Homes Triumph in Mississippi Zoning Issue Read More
From Minnesota, Montevideo American-News reports that the city council recently approved resolutions calling on the owners of multiple homes in the Northdale Community manufactured housing community to make repairs and improvements to the homes. According to the report, the resolutions followed examination by council members of inspection reports by the
City Orders Cleanup Work at Manufactured Home Community Read More
Deer Valley Corporation announced this week that Shad L. Stastney has been elected to the firm’s Board of Directors, effective November 22, 2011. Stastney will fill one of two vacancies on the Board and will bring the Board to six. He graduated from the University of North Dakota in 1990
Deer Valley Corporation Announces Election of New Director Read More
Hometownlife.com reports that officials in Highland, Michigan are relaxing requirements for a manufactured home community that had prohibited the owners from bringing in used homes to sell to residents. A plea by the owners of the Ridgewood Manufactured Home Community lead to a vote to alter a 1997 consent judgment
Michigan Community Begins Permitting Pre-Owned Homes Read More
From Minnesota the West Central Tribune reports that orders to repair and improve manufactured homes — or demolish those not meeting safety and building codes — will be presented to the owners of multiple homes in the Northdale Community in Montevideo. City Council members there approved resolutions directing the improvements after
Minnesota Community Orders MH Repair and Improvements Read More
