SavannahNow reports the first of six modular homes that comprise the Wharf Street affordable housing project in Bluffton, South Carolina, just west of Hilton Head, is set to arrive this week. General contractor Beaufort Construction, Inc., has been building the foundations while the houses are being manufactured by Crestline Custom …
MyDesert reports the legal division of the California Department of Housing and Community Development says Desert Hot Springs violated state law when it attempted to impose impact fees amounting to over $500,000 on the owners of Palm View Estates MHC. The city had assessed Palm View $7,000 for each manufactured …
LivingstonDaily reports from Michigan the owner of a land lease community (LLC) does not want her property master-planned as a future MHC. Renee MacRitchie, the owner of Songbird Acres, says the designation will decrease the value of her property and neighboring properties as well. According to Putnam Township Supervisor Ron …
The ColumbiaMissourian reports the Columbia Regency Mobile Home Park has notified residents the community will close Feb. 29, following the owners request to rezone the property for apartments. Aspen Heights, which submitted plans for the apartments, says it will buy the property from Regency of Missouri only if the land …
UticaObserverDispatch in New York reports the site of the former Lincoln School in West Utica will be home to seven modular homes for first time buyers with low-to-moderate incomes. The Monday groundbreaking for the $1.5 million project by Rebuild Mohawk Valley will result in a more stable neighborhood, increased property …
Zacks reports SmarTrend marks Drew Industries in an uptrend, noting the stock for this manufacturer of components for MH and RVs has risen nearly 24 percent in two months. The online analyst says August 29 the stock was at $19.89 and is now at $24.03. The range over the past …
CapeCodTimes reports Jacques Lapointe, owner and developer of Pleasant Bay Homes of East Harwich, Massachusetts, has placed nearly 200 modular homes on the Cape since 1999. The most recent is a 4,600 square foot five-bedroom home overlooking the Atlantic Ocean in Orleans, MA for Dee Overton. “This was a paper …
CNNMoney reports the Dow Jones Industrial Average fell 276.10 points during the day to close at 11,955.01, a loss of 2.26 percent as Japanese intervention in the currency market caused the dollar to rise and U.S. stocks to fall. However, the month of October still has been the best since …
Dow Drops Despite Best Month Since 1987; Palm Harbor Spikes 80% Plus Read More
WashingtonPost reports Ben Barnanke will get pounded from the left and the right at this week’s Federal Reserve policy making committee. Half of the ten member committee disagrees with his monetary policy. The conservatives say he is doing too much; the liberals saying he is not doing enough. “A growing …
Bernanke in the Ring: “It’s a left, then a right, another left …!!” Read More
MHProNews has learned of a letter sent to the Minot Daily News from a woman whose single-mother daughter wisely moved her manufactured home out of the flood zone in advance of the raging Souris River this past spring, but now has no place to site it. The original community, Valerie …
CNNMoney reports the Dow Jones Industrial Average rose a mere 22.56 points during the day, as investors stepped back from yesterday’s blockbuster. However, the month of October has seen the value increase 12 percent, and the gains have been the best since January 1987. The Dow closed at 12,231.11, a …
Dow Rests Following Huge Rally; Nobility Homes Spikes Read More
LIBN reports from Smithtown on Long Island in New York that Veritas Villages of America plans to build 560 affordable modular homes, apartments and townhouses for U.S. military veterans and their families. Veritas intends to win grants from the federal government to provide veterans housing and qualify for the HUD-VASH …
Roll Call: Vets to Muster in Modular Home Community Read More
MHProNews has learned in a report from DSnews the Federal Housing Financing Agency (FHFA) has redesigned HARP (Home Affordable Refinance Program) to bolster more underwater homeowners, and thereby buoy the housing market a little longer. Originally, only those who owed more than 25 percent above the value of their home …
The New HARP: Performing for a Larger Underwater Audience Read More
KRGVTV reports from Laferia, Texas, that an MH dealer with two pending civil cases against it has received a fresh batch of accusations alleging fraud. Park Girl in Laferia, in south Texas, has been accused of taking deposits for manufactured homes and then breaking the contract without returning the money. …
MHProNews has learned from NationalMortgageNews the Federal Housing Finance Agency (FHFA) now estimates it will cost $52 billion less to bail out Fannie Mae and Freddie Mac because of better than expected results of the GSEs (government sponsored enterprises). The agency’s original estimate was between $221 billion to $330 billion, …
Bailout Estimate Falls. FHFA Funds GSEs; GSEs Pay FHFA Dividends. Any Questions? Read More
BoonvilleDailyNews reports from Boonville, Missouri, that modular home builder Fuqua Building Systems closed its plant here and its office in Bend, Oregon, earlier this month after over 40 years in business. At one time employing 175 in Boonville, Fuqua had ceased operations in May after a series of layoffs since …
Following up on a story we initially published March 17, 2011, MiamiHerald reports a multitude of homeowners in South Florida have filed separate legal claims against a German producer of Chinese drywall and the local distributor, alleging the drywall contains toxins that can cause breathing problems, emit foul odors, and …
MHProNews is continuing our follow up in the search for a replacement at the Manufactured Housing Institute (MHI) for the departing association president, Thayer Long. For a variety of reasons, including protecting sensitive sources of information, MHProNews has previously named 5 potential candidates who were named by various sources for …
Update on Thayer Long’s replacement at the Manufactured Housing Institute Read More
CNNMoney reports the Dow Jones Industrial Average, after dipping and diving during the day, finally gained 162.42 points to close at 11,869.04, a gain of 1.39 percent, as investors sensed a bailout deal was near in the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value was up 2.89 …
Dow Lands on Positive Ground; Housing Stocks Improve also Read More
Redstate updates a report MHProNews previously covered on Elizabeth Warren, President Obama’s force behind the Consumer Financial Protection Bureau (CFPB) and current candidate for the U.S. Senate from Massachusetts. Commenting in an article in The Daily Beast about the Occupy Wall Street movement that has spread across the country and …
