MHProNews

Housing Affordability Index Declines as U.S. Home Prices Uptick in Q2

By / August 14, 2012 / Manufactured and Modular Housing News

WorldPropertyChannel tells MHProNews.com that the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) indicates strengthening house prices means slightly lower housing affordability in the second quarter of 2012. The HOI data revealed that 73.8 percent of all new and existing homes sold in the second quarter were affordable …

Housing Affordability Index Declines as U.S. Home Prices Uptick in Q2 Read More

Plans to close MH Community halted

By / August 15, 2012 / Manufactured and Modular Housing News

GurnseyGazette tells MHProNews that some 30 households faced with eviction as a result of planning by the Camp Gurnsey unit of the Wyoming National Guard have been scrapped. Wyoming State Adjutant General Luke Reiner’s stated in a meeting with residents, “if you currently live there, you can stay.” “However, as …

Plans to close MH Community halted Read More

Affiliated Managers close up, while most MH stocks slide

By / August 14, 2012 / Manufactured and Modular Housing News

CNNMoney tells MHProNews that the Dow rose to 13,172.14+2.71 / +0.02%. The rise puts the Dow up +7.81% year-to-date. The Yahoo! Financial Manufactured Housing Composite Index rose +2.11 to close at 996.0. Affiliated Managers Group lead gainers116.07  +0.45(+0.39%), while other tracked stocks lost ground today before the closing bell. Clayton Homes, Vanderbilt Mortgage and …

Affiliated Managers close up, while most MH stocks slide Read More

Students Receive Delaware Manufactured Scholarships

By / August 14, 2012 / Manufactured and Modular Housing News

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

Forecast Slows, says Canada Mortgage and Housing Corp

By / August 14, 2012 / Manufactured and Modular Housing News

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

Celebs, Public Accepting Pre-Fabs

By / August 14, 2012 / Manufactured and Modular Housing News

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 …

Celebs, Public Accepting Pre-Fabs Read More

S&P says Dodd-Frank may cost Big Banks $34 Billion annually

By / August 15, 2012 / Manufactured and Modular Housing News

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

Regulator May Act Against Eminent Domain Plan

By / August 14, 2012 / Manufactured and Modular Housing News

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 …

Regulator May Act Against Eminent Domain Plan Read More

2012 Manufactured Home Buyer’s Survey

By / August 14, 2012 / Manufactured and Modular Housing News

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 …

2012 Manufactured Home Buyer’s Survey Read More

RetirementPlanners dis-UFPI stock in recent report

By / November 29, 2011 / Manufactured and Modular Housing News

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

John Miller credit miaminewtimes posted on MHProNews.com, daily business news,

Community owner arrested for using front loader to evict residents

By / January 7, 2018 / Manufactured and Modular Housing News

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

Dow rises, Manufactured Housing nudges higher too

By / November 29, 2011 / Manufactured and Modular Housing News

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 …

Dow rises, Manufactured Housing nudges higher too Read More

Lt. Governor’s task force supervises removal of Irene damaged mobile homes

By / November 29, 2011 / Manufactured and Modular Housing News

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

NAR quarterly lobbying blows away manufactured housing lobby funding

By / November 29, 2011 / Manufactured and Modular Housing News

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

Modulars used in new affordable housing project

By / November 29, 2011 / Manufactured and Modular Housing News

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 …

Modulars used in new affordable housing project Read More

Obama Administration and ACORN Housing accused of misuse of funds and corruption

By / November 29, 2011 / Manufactured and Modular Housing News

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

Lexington man Sentenced in Federal Fraud case

By / November 29, 2011 / Manufactured and Modular Housing News

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 …

Lexington man Sentenced in Federal Fraud case Read More

Stegmayer’s Statement Suggests Slow Dance to Replace Long

By / November 22, 2011 / Manufactured and Modular Housing News

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

Dow back in the Red, but MH markets not Dead

By / November 22, 2011 / Manufactured and Modular Housing News

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 …

Dow back in the Red, but MH markets not Dead Read More

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