A manufactured home community is Lewiston, Idaho that for decades has included a combination of manufactured homes and recreational vehicles, due to varying lot sizes, will be allowed to replace older RVs with newer ones. A previous ruling in district court had upheld the City of Lewiston’s determination prohibiting the …
Iowa Court Reverses Decision, Allows Recreational Vehicles in Community Read More
The Courthouse News Service reports that people who live on an island in Oregon where the Columbia meets the Willamette River have sued the state, claiming the a plan to dump chemical-laden dredge fill near Hayden Island will hurt wildlife, plants and the elderly people who live there. The report …
Manufactured Home Community Sues Oregon Over Dump Site Read More
Shares of Palm Harbor Homes shot up Monday following a Chapter 11 bankruptcy filing and the announcement of an asset purchase agreement by Cavco. The Dow ended lower, however, but the 39 point decline was a marked improvement from losses earlier in the day. Palm Harbor Homes ended the day …
CNNMoney reports that the Senate considered Monday whether to repeal the new requirement that businesses issue 1099 tax forms to any individual or corporation from which they buy more than $600 in goods or services in a year. The provision was adopted in March as part of the massive health …
DQNews.com reported Monday that home sales in the Phoenix area dropped to the lowest level for an October since 1995. The real estate data service says the region’s overall median sale price fell below the year-ago level for the fourth consecutive month. The site also says last month foreclosure resales, …
HousingWire reports that Fannie Mae and Freddie Mac recently gave real estate agents the green light to resume selling foreclosed homes. Sales had been suspending as a result of the “robo-signing” debacle. The site referenced a Freddie Mac memo ordering the resuming of normal sales and marketing activity. Moratoriums issued …
The Wisconsin Society of Association Executives announced recently that Ross Kinzler, executive director of the Wisconsin Housing Alliance will be inducted into its Hall of Fame on December 7 during ceremonies at the Hyatt in Milwaukee. One inductee is chosen each year, and Kinzler was selected by a committee among …
CNBC Real Estate Reporter Diana Olick asked in a piece Monday whether rising rents will spur home ownership. Olick notes that apartment demand is rising, and supply has fallen to low levels. Echo boomers reaching prime renter age at a time when the employment picture is improving are expected to …
Real Estate Reporter Says Home Ownership Attitudes Have Changed for Good Read More
UMH Properties announced Monday the company will participate in the Wells Fargo 14th Annual Real Estate Securities Conference to be held in New York City at the Waldorf Astoria Hotel on Wednesday, December 8. Michael P. Landy, Vice President-Investments, will participate in a Manufactured Housing panel discussion. A copy of …
UMH Exec to Present at Real Estate Securities Conference Read More
Cavco Industries announced Monday that Fleetwood Homes, Inc., a subsidiary owned 50 percent by Cavco and 50 percent by Third Avenue Value Fund, has entered into an agreement with Palm Harbor Homes to provide debtor-in-possession (DIP) financing to Palm Harbor and certain of its subsidiaries during the reorganization of Palm …
Cavco Announces Palm Harbor Asset Purchase Agreement Read More
Stocks closed down 95 points Friday, arriving at 11,092. Palm Harbor Homes managed to close up 20 percent, however, and arrived at 14 cents per share. Most manufactured housing and related stocks on the watch list were within one percentage point up or down from Wednesday’s close before the Thanksgiving …
EpicStockPicks.com named Palm Harbor Homes one of its Top Losers On NASDAQ November 23rd. The company slumped 16.11 percent to $0.28 after falling to its 52-week low of $0.13 in the opening session. The site also noted the stock has plunged 93 percent so far in the current year.
Bloomberg reported recently that Centerbridge Capital Partners LLC is seeking to sell Green Tree Servicing LLC, the loan servicer it acquired in 2007, for about $1 billion. According to the report, Morgan Stanley is running the sale and has contacted private-equity firms and potential strategic buyers about purchasing Green Tree. …
Centerbridge Said to Seek $1 Billion for Green Tree Servicing Read More
From Mississippi, the Picayune Item reports that county officials indicated recently that federal, state and local officials are tightening code enforcement of wind zone rating regulations. According to the report, Pearl River County carries a wind zone rating of two, and in order to connect to the power grid a …
Manufactured Homes in MS County Have to Meet Wind Zone II Ratings Read More
From Texas, the Fort Worth Star Telegram reports that a state advisory panel’s recommendation to outsource installation inspections of thousands of manufactured homes is meeting opposition from state regulators and industry officials. Joe A. Garcia, executive director of the state’s Manufactured Housing Division told the reporter as long as the …
Outsourcing of Manufactured-home Inspections Opposed 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
The Manufactured Housing Institute will host a webinar on the Dodd/Frank Wall Street Reform and Consumer Protection Act December 9th at 2:00 p.m. Eastern. The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted into law on July 21, 2010. The law is considered the most significant rewrite of …
From New York, the Babylon Village Patch reports that a proposal to build two modular homes on what is now a single-family lot is drawing concerns from residents. Placing the homes would require several zoning variances related to side yard and rear yard requirements. Several residents raised concerns related not …
Senior Housing News reports that data for the broad housing market continues to be lackluster and the National Association of Homebuilders 55+ Housing Market Index shows that the senior housing market continues to follow similar trends. “While we have anecdotal information that some local 55+ markets are beginning to rebound, …
NAHB’s Senior Housing Stats Show Continued Difficulties Read More
The Wall Street Journal reports that J.P. Morgan Chase & Co. more than doubled the amount of loans it has offered through the Small Business Administration in fiscal 2010. The bank delivered 3,386 loans in fiscal 2010, more than double last year’s volume, as it reclaimed the number one spot in …
