Eric Miller

Virginia Beach Community Owners Asked to Help Tenants Affected by Redevelopment Plans

The Virginian-Pilot reports that the Virginia Beach City Council has approved a resolution asking owners of factory-built home communities to give more help to tenants who may have to relocate. Long-term redevelopment plans would eliminate five of the city’s ten older  factory-built home communities, containing some 900 homes. The measure …

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Homeownership Still Popular, Renting on the Rise

A new study released today by Fannie Mae finds that most Americans — both those who currently own their homes and those who rent — strongly aspire to own a home and to maintain homeownership, despite ongoing turmoil in the housing market. However, demographic trends such as fewer married couples …

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MHI Challenges Use of the Word ‘Chattel’

The real estate term chattel is falling out of favor with the manufactured housing industry. During a webinar December 9  on pending financial reform regulation, the Manufactured Housing Institute urged the industry to begin instead using the words personal property. It’s seems the term chattel could be relegated to the …

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Dodd-Frank Bill Could Create Additional Barriers to Financing

The Manufactured Housing Institute (MHI) held an information-providing webinar on Thursday concerning its top legislative priority in the coming year, the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law is considered the most comprehensive rewrite of rules governing banking and financial services in decades and is expected to …

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Innovations in Home Manufacturing to be on Display at Louisville Show

Top manufacturers will be showcasing innovative techniques in home building at the Kentucky Exposition Center this January. MHMSM.com will be one of many exhibitors at the Louisville Manufactured Housing Show. “The show is an opportunity to have a fresh look at green, safe and affordable manufactured housing,” says Manufactured Housing …

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Residential Home Value Loss Since Peak Exceeds Cost of 12 Iraq Wars

U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to analysis of recent Zillow Real Estate Market Reports. That brings the total value lost since the market peaked in June 2006 to …

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Trouble With Properties in Wine Country Could be Solved with Manufactured Housing

From California, the Napa Valley Register reports that troubled rental properties there could be replaced with new manufactured homes. The report indicates the county is filing a petition with the Napa County Superior Court to have a third party temporarily take over rental homes at Cuttings Wharf, where officials have …

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Reports Indicate Champion Joining MHARR

It looks like Champion is joining the Manufactured Housing Association for Regulatory Reform (MHARR). Two independent, reliable sources have told MHMSM.com that Champion has applied to join the organization. According to its website, Champion is a leader in the manufactured housing industry and one of the largest modular homebuilders in …

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Bachus Announces Financial Services Leadership Team

By Office of Congressman Spencer Bachus Congressman Spencer Bachus (AL-6), Chairman-elect of the House Financial Services Committee, announced his appointments for committee leadership positions in the 112th Congress Thursday.  In addition to naming the vice chairman and subcommittee leaders, Bachus announced plans to modify subcommittee jurisdictions to promote a more …

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Stocks End Flat on Hump Day

Stocks closed up 13 points mid-week after staying close to the even mark all day. The Manufactured Housing Composite Value was off half of one percent. Some manufactured housing and related stocks suffered significant losses, on a percentage basis anyway. Global Diversified Industries was off more than 50 percent to …

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Scaling Down and Stepping Up Into a Manufactured Home Community

From the San Luis Obispo Tribune comes a story about scaling down and stepping up into a manufactured home. The article features retirees Saul and Carol Goldberg who downsized to Avila Beach’s San Luis Bay Estates, an upscale community of manufactured homes. Residents own their lots and a homeowners association …

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Manufactured Homes Could Help Boost Affordable Housing in Maryland

From Maryland comes a story from Southern Maryland Newspapers Online about plans to increase density in a manufactured home community there. According to a recent report from the county’s Department of Planning and Growth Management, Charles County needs to make more homes available for residents who earn between $30,000 and …

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Modular Homes Possibly Coming to Alaska Community

From Alaska, The Peninsula Clarion reports that a factory-built home community in Kenai could be reincarnated as a low-income, modular housing subdivision with its currently pending sale to an Alaska Native corporation. Plans are to install modular housing units, like those used in the wake of Hurricane Katrina. Officials told …

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Mortgage Applications on the Wane

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending December 3, 2010.  The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 22.8 …

Mortgage Applications on the Wane Read More

Tax Appeals Swamp U.S. Communities

From Bloomberg we find a fiscal flood from taxpayers seeking to lower property-tax bills, which threatens to swamp local government budgets across the U.S. From Los Angeles to Atlantic City Bloomberg finds property owners are demanding lower taxes after real-estate values plunged. U.S. home prices are 30 percent below their …

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Arizona Community Recalls History of Palm Harbor Homes There

From Arizona, the Casa Grande Dispatch ran a story Tuesday recalling the history of Palm Harbor Homes in the community. The company had both a production plant and retail sales office in Casa Grande until the plant closed in early 2009. The sales office closed early this year. The newspaper …

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Berkshire to Sell $500 Million in Notes to Repay Clayton Debt

Businessweek reports that Warren Buffett’s Berkshire Hathaway Inc. plans to sell $500 million of notes to repay debt used by its Clayton Homes manufactured housing unit. The magazine reported on its website that five-year senior notes may be issued through Berkshire Hathaway Finance Corp. and may pay about 87.5 basis …

Berkshire to Sell $500 Million in Notes to Repay Clayton Debt Read More

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