SussexCountian tells MHProNews that the First State Manufactured Housing Association in Delaware awarded two high school graduates their Manufactured Housing Scholarship Award for 2012. Sarah Bryan, a Delmarva Christian High School graduate, will be attending Southern Wesleyan University this fall. Bryan was a member of the student leadership council, science …
Students Receive Delaware Manufactured Scholarships Read More
GlobeMail tells MHProNews that Canada Mortgage and Housing Corp (CMHC). is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing. CMHC states that housing starts and home sales have been good in 2012 – particularly when it comes to multiple-dwelling units such as condos …
Forecast Slows, says Canada Mortgage and Housing Corp Read More
MarketWatch tells MHProNews that pre-fab builders such as Home by Vanderbuilt and Cabin Fever are seeing the easing of the stigma of modular and factory-built homes. “Modular homes can provide features that lower energy bills; the materials are factory-made, which cut production costs; and the time it takes to build …
ComplianceWeek tells MHProNews about a new report, “Two Years On, Reassessing the Cost of Dodd-Frank for the Largest U.S. Banks,” Standard & Poor’s Ratings Services (S&P) updated its prior estimate of what new regulations may cost Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, PNC Financial Services, U.S. …
S&P says Dodd-Frank may cost Big Banks $34 Billion annually Read More
Reuters tells MHProNews that the Federal Housing Finance Agency (FHFA) raised concerns about a private investor group’s controversial aim to seize and restructure poor-performing mortgages. The federal housing regulator of the GSEs said it is concerned about the program’s constitutionality. “FHFA has significant concerns with programs that could undermine and …
A survey of manufactured home buyers was done recently by an industry-leading business-to-consumer service provider. The survey by MHVillage revealed the following results. How soon would you like to move? Now 22% Next Month 25% Next 6 Months 26% Next Year 10% Just Looking 17% Are …
“Everyone I talk to is very pleased the show is moving forward in 2012. This year’s show is in a growth mode and we expect the show to be bigger and better than last year. “ said Ron Thomas, active retailer, community owner and Louisville Show Chairman. While it may …
RetirementPlannings reports that Universal Forest Products, Inc. (NASDAQ: UFPI) is in a downward trend pattern. Universal Forest Products, Inc. is a holding company. The Company provides capital, management and administrative resources to subsidiaries that design, manufacture and market wood and wood-alternative products for do-it-yourself (DIY)/retail home centers and other retailers, …
RetirementPlanners dis-UFPI stock in recent report Read More
MiamiHerald and MiamiNewsTimes reports that a landlordwas arrested for ramming a front end loader into an occupied rental home. Miller had rented the mobile home to Michelle Valdez, age 23, her brother, sister and law and Valdez’s three children. Valdez was current on her payments, but according to reports, had …
Community owner arrested for using front loader to evict residents Read More
CNNMoney reports that the Dow edged higher today, continuing Monday’s rally. The modest just-over-a-quarter percentage point gain came amid concerns that a French credit downgrade could harm the ‘save the Euro’ efforts in play. The Dow closed at 11,555.63 +32.62 (+0.28%), down year to date -0.19%. The Yahoo! Financial Manufactured …
MHProNews has learned that Vermont’s Lt. Governor Phil Scott and Secretary of Commerce and Community Development Lawrence Miller project for de-commissioning Irene damaged ‘mobile homes’ and replacing them with new manufactured homes has made significant progress. In a press release, the Lt. Governor’s office said “In our work so far, …
Lt. Governor’s task force supervises removal of Irene damaged mobile homes Read More
MSN reports that the National Association of Realtors (NAR) spent 6.1 million dollars in the 3’d quarter of 2011 in federal lobbying efforts. This is down from 7.1 million spent in the 2nd quarter, but up from the 4.5 million spent by the group in the 3’d quarter of 2010. …
NAR quarterly lobbying blows away manufactured housing lobby funding Read More
SunTimes reports that Myrtle Beach, South Carolina (SC) will soon be providing 3 new modular homes in an affordable housing project made using federal funds for neighborhood stabilization. Each house is about 1,100 square feet and each has a front porch that adds about 150 square feet. The homes feature …
WashingtonTimes reports author/editor Matthew Vadum has accused the Obama administration of “new evidence of corruption” involving an affiliate of ACORN (Association of Community Organizations for Reform Now). Cause of Action – a watchdog group – pressed NeighborWorks America, a taxpayer-funded federal nonprofit that funneled more than $26.5 million in federal …
Obama Administration and ACORN Housing accused of misuse of funds and corruption Read More
MHProNews has learned that 32 year old Robert C. Sasser of Lexington, South Carolina was sentenced in federal court on November 28th for wire fraud. In a case handled by U.S. Attorney Winston D. Holliday, Jr., United States District Judge Margaret B. Seymour sentenced Sasser to three years’ imprisonment and …
Cavco CEO and Manufactured Housing Institute (MHI) Chairman Joe Stegmayer’s exclusive statement to MHProNews.com last week sent the clear signal that no rapid appointment for a replacement to former MHI President Thayer Long should be expected. His message was underscored in a conference call with the Manufactured Housing Executive Committee …
Stegmayer’s Statement Suggests Slow Dance to Replace Long Read More
CNNMoney reports that the Dow is back in negative territory for the year, with the market closing at 11,493.72 -53.59 (-0.46%) and a year-to-Date decline of -0.72%. Yahoo! Finance’s Manufactured Housing Composite value also declined, closing at 789.90 or a drop of -2.92%. Affiliated Managers Group 85.56 -0.86 (-1.00%). Clayton …
CullmanSense reports that Gary “Burr-head” Don Allcorn, 57, of Addison, AL passed away on November 21, 2011 in Birmingham. Allcorn was born on August 31, 1954 in Addison. He attended Addison High School. He worked for Cavalier Homes, and most recently for Southern Energy Homes for the last 5 years. He is …
“Burr-head” dies, funeral planned for Industry veteran Read More
In a follow up to a story previously reported on MHProNews, ColumbiaMissourian reports that Columbia Regency mobile home park rezoning passed by a 5-2 vote of Columbia City Council. The Churchill Group expressed public interest last September in acquiring the property and redeveloping the location with 330 apartments for students …
Resident protests doesn’t stop manufactured home community closure vote Read More
WashingtonPost reports that the Prince Williams County, VA Board of Zoning Appeals reversed and rebuked a county decision to ban replacement of “mobile homes” in Holly Acres. Holly Acres Mobile Home park was effectively closed and many homes were ordered demolished in the wake of flooding from Tropical Storm Lee …
Zoning board reversal allows mobile homes to be replaced Read More
