Wellsboro, Pennsylavania, County Assessor Deb Crawford of Tioga County says manufactured home owners need to obtain a trailer release if they sell or move their homes in order to avoid receiving a continuing tax bill. Without the permit “we would not know there is a new owner, “Crawford says,” (and) …
ModularHomeCoach informs MHProNews.com Canadian modular home builder Alouette Homes has been acquired by Quebec modular homes manufacturer Bonneville Homes. According to Danny Bonneville, co-president of Bonneville, “This acquisition will double the size of our production facilities and allow us to move forward with the ambitious growth program we introduced a …
As follow up on a story we published Feb. 6, Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), tells MHProNews.com house bill 593 that would create a fund to assist consumers purchase manufactured housing passed out of the subcommittee by a 3-0 vote. Committee member Jeff …
MoneyNews tells MHProNews.com Sam Zell, CEO of Equity Lifestyle Properties says if the government had not stepped in to try and solve the housing market problems we would have a healthy market today. He says government intervention prevented the market from clearing itself. “We are the only country in the …
Sam Zell: Government Programs Prevent Housing Recovery Read More
CNNMoney tells MHProNews.com good news from Greece concerning their austerity plan gave breathing room to U.S. investors who watched the U.S. markets zig-zag all day, but it finally edged up on the plus side. The Dow Jones Industrial average gained +0.05 percent to close at 12,890.46, while the Nasdaq gained …
U.S. Stocks Edge Up; Patrick Ind. and Louisiana Pacific Post Gains Read More
In their release of the nation’s housing scorecard for 2011, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury noted mixed signals as foreclosure starts fell but foreclosure completions climbed and as new home sales fell existing home sales climbed. Existing home inventories …
According to the National Association of Home Builders (NAHB), MHProNews.com has learned a survey taken by McGraw-Hill Construction Company reveals green home building accounted for 17 percent of the residential market in 2011, but that figure is expected to increase to between 29 and 38 percent in four years. In …
NorthCentralPA reports the Wall Street Journal says the Fleetwood Homes factory in Nampa, Idaho has increased production 25 percent since last fall to keep up with demand in the North Dakota oilfields for manufactured homes. Upon adding 40 employees, factory manager Jeff Chrisman says without this new demand he would …
MHProNews.com has learned from Robert S. Coldren of Hart, King & Coldren in Santa Ana, California, a Vista (CA) Superior Court judge’s ruling may help MHC owners sell their land if they cannot earn enough from renting home sites. According to utsandiego rent control has been in effect in Oceanside …
HousingWire tells MHProNews.com a House of Representatives subcommittee will hold hearings on three bills that could impact the Consumer Financial Protection Bureau (CFPB). Although the bill the Republican-controlled House passed in July 2011 to replace the director with a five-member commission will not likely pass in the Democrat-controlled Senate, the …
MHProNews.com has received a memorandum from Joe Stegmayer, Chairman of the Manufactured Housing Institute (MHI), regarding testimony at last week’s House Financial Services Committee hearing on HUD’s implementation of the Manufactured Housing Improvement Act of 2000. Noting the difficulty in gaining the attention of Congress, Stegmayer emphasizes the extended effort …
MHI Responds to Unexpected Testimony at Congressional Hearing Read More
The USA Today tells MHProNews.com an op-ed piece by Congressman Spencer Bachus, R-AL, Chairman of the House Financial Services Committee, says we need more private investment that create jobs, not more failed government programs. Saying Pres. Obama’s policies have failed to help struggling homeowners and the programs are too expensive, …
Rep. Bachus: Stop the Hemorrhaging Federal Programs Read More
CNNMoney tells MHProNews.com U.S. markets edged up on reports Greece may have found backing for a bailout. The Dow Jones Industrial Average gained 33.07 points, + 0.26 percent, closing at 12,878.20. The Nasdaq gained +2.09 points, +0.07 percent, while the S&P rose 2.72 points, 0.20 percent. The Yahoo! Finance Manufactured …
Manufactured Housing Composite Moves Closer to 1000 Read More
Would you put your child in this man’s hands? MHProNews.com extends heartiest congratulations to Doug Gorman, founder of Home Mart in Tulsa, OK on the birth of his grandson, Gunner Cannon, shown here at two-weeks old in the arms of Mitt Romney. Taken during a Florida campaign stop Jan. 26, …
DunedinPatch in Florida tells MHProNews.com in looking at five ‘green’ developments in Dunedin, the Glencairn Cottages stand out as a modular home neighborhood two blocks from downtown. Each of the fourteen homes have 1,500 to 2,000 square feet, attached garages, gourmet kitchens, and energy-efficient appliances, insulation, pipes and ductwork. Built …
PR-USA tells MHProNews.com that UMH Properties, Inc., of Freehold, New Jersey, took out a $11.4 million mortgage loan with Bank of America to refinance two manufactured housing communities in Ohio and Tennessee. At a fixed all-in rate of 4.39 percent, monthly principal payments will be $26,113. Payoff date is Feb. …
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) identifies metro areas that have shown improvement in housing permits, employment, and house prices for six consecutive months. MHProNews.com has learned the Housing markets that meet this criteria expanded by 29 for Feb. to 98, and include some …
NAHB’s Improving Market Index Grows by 29 Metro Areas Read More
MHProNews.com has learned from PHH Mortgage that retired chairman of the Philadelphia Federal Reserve Bank Charles Pizzi has joined the PHH board of directors. According to HousingWire, despite trying to recover from $423 million in debt, the company closed on $36.3 billion mortgages through Q3, 2011, an increase of 19 …
Is This the Revolving Door Our Parents Warned Us About? Read More
In response to continued waiting for the Greek government to come up with a plan to avert defaulting on its debt, CNNMoney tells MHProNews.com the Dow Jones Industrial Average nudged down -0.13 percent, 17.1 points, before closing at 12,845.31. The Nasdaq dropped the same percent, -0.13, while the S&P slid …
HousingWire tells MHProNews.com that 39 Republican senators filed an amicus brief with the court challenging Pres. Obama’s recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). Republicans believed Cordray was qualified for the job, but they wanted a five-member panel to run the agency, veto power, …
