BlueRidgeNow reports that Roger King has been charged with two counts of obtaining property by false pretense. North Carolina Division of Insurance Commissioner Wayne Goodwin stated that authorities are looking for other possible victims of the accused manufactured home retailer. The Manufactured Building Division and the Department of Insurance received …
Marketwatch reports The National Association of Home Builders/Wells Fargo home market index remained at 15 in August. Readings over 50 are considered “good,” which the NAHB report hasn’t had since April 2006. Two of the three components, current sales conditions and traffic of prospective buyers, inched higher, but the component …
Builder confidence still near bottom, per NAHB report Read More
AnnistonStar printed a letter from Sherry Norris, executive director of the Alabama Manufactured Housing Association in Montgomery. Norris responded to Alabama Governor Robert Bentley’s proposal to use Community Development Block Grant funds for use in shelters for all forms of housing, not just in ‘mobile and manufactured home parks.’ “Rather …
Norris advocates balance responsing to Gov. Bentley’s Manufactured Home storm shelter plan Read More
SunJournal reports that Keiser Homes won half of $4 million contract to build homes for the Maine State Housing Authority (MSHA). The Oxford based modular home producer will be replacing pre-HUD Code mobile homes, as part of MSHAs pre-1976 Mobile Home Replacement Program. The program provides such home owners with …
TheHill reports a push back from the Treasury Department on an earlier Washington Post report that alleged that President Obama favored a plan retaining a major federal role in the housing finance market. Deputy Treasury Secretary Neal Wolin stated “In each of the three options we outlined in our report …
Mixed signals on Federal role, Fannie and Freddie Future uncertain Read More
RealEstateRama reports that U.S. Housing and Urban Development Secretary Shaun Donovan announced that HUD will be entering into an unprecedented purchase agreement to sell real estate owned properties (REO) to public housing authorities in the affected areas. By States and Counties, the locations this program will be available include: Alabama: …
HUD announces new plan, REOs selling to public housing authorities in disaster areas Read More
CNNMoney reports that the Dow closed at 11,405.93, off -76.97 (-0.67%). While the market is up modestly over the last 5 trading sessions, overall the market has declined significantly in recent weeks. The Manufactured Housing Composite Index Value: 782.1 up +3.43%. Affiliated Managers Group 87.44 -2.50 (2.78%). Clayton/VMF and other …
Dow Slides again, but Manufactured Housing Composite value rises Read More
HuffingtonPost carried a column by Ted Kaufman, former U.S. Senator from Delaware. Kaufman’s article questions if the Dodd-Frank reform; “Would it actually prevent another taxpayer bailout of a bank or banks to avoid a financial meltdown?” Delaware’s former senator briefly outlined the history of mortgage instruments, which in the 1960s …
Does Dodd-Frank really help with ‘Too Big to Fail?” Read More
WashingtonPost reports that despite near record low interest rates, the National Association of Home Builders (NAHB) is pessimistic about a housing market recovery. A Catch-22 exists. We need more spending, yet existing home owners watching their current values slump keep many in that large group from doing more spending. Against …
Eonline has likely done mainstream media, the RV and manufactured housing business a favor by visually depicting what a ‘trailer’ is in their recent story on Ashton Kutcher. Kutcher has replaced Charlie Sheen on the set of Two and a Half Men. The 1000 square-foot, two level luxury trailer is …
Ashton Kutcher’s luxurious Two and a Half Men ‘Trailer’ Read More
ConcordMonitor reports that federal funding is allowing the New Hampshire Community Loan Fund and various Community Action Programs to help weatherproof at least 425 ‘mobile homes’ statewide. A $2.6 million grant from the U.S. Department of Energy and the Regional Greenhouse Gas Initiative makes this possible. The program is geared …
‘Mobile home’ owners can get help with energy efficiency enhancement program Read More
CNNMoney reports the Dow closed today at 11,483 +214 +1.90%.The Manufactured Housing Composite closed at 756.0 -1.46%. Affiliated Managers Group 89.94 2.98 (3.43%) but moved lower in after hours trading. Berkshire Hathaway (parent to Clayton, VMF and other MH builders, lending and suppliers) 108,600.00 +1,000.00 (0.93%). Cavco Industries, 30.95 0.46 …
TandD reports the Orangeburg County Planning Commission gave unanimous approval to a new zoning classification proposal allowing single-section HUD Code home placement in areas which already have a mixture of site-built, single-sectional and multi-sectional manufactured homes. Commissioners voted to approve the proposal for creating the RS-2, Single-Family/Manufactured Home District and …
Zoning vote could ease locating single sectional manufactured homes Read More
USAToday reports compliance officer Alesia Harlan’s concerns about 300 pages of notices, forms and tax documents for a single home loan, double the tree-killing load prior to Dodd-Frank’s passage. 455 home loans in 2010 created 2 months of work for Harlan, at modest City State Bank in Norwalk, Iowa. “I’ve …
Small banks bruised by new mortgage regulations, giving edge to mega-banks Read More
PR reports that attorney Tamara Cross will be presenting a seminar on August 18th, 2011 in San Diego CA to the Western Manufactured Housing Communities Association (WMA). Cross is the managing attorney at the Cross Law office. The topics covered in this seminar include pools, pets, parking and other issues …
Cross gives Western Manufactured Housing Communities Association August Seminar Read More
WSJ reports that Realogy CEO Richard Smith sent a letter to President Barack Obama on calling for a housing summit to address key issues. Smith’s Realogy owns brokerage firms such as Coldwell Banker, Century 21 and others. Smith suggests that top real estate, housing finance, and home building industry representatives …
CNNMoney reports that the Dow ended up, on a week marked by some wild 400-500 point swings. The Dow closed at 11,269.02 +125.71 ( +1.13%). Yahoo Financial Manufactured Housing Composite Value:766.3 -5.31%. AMG 87.04 +0.35 +0.40%.Berkshire Hathaway 107600.00+500.00 (0.47%). Cavco 31.41 -1.24 (-.80%). Champion, Deer Valley and Palm Harbor remained …
MarketIntelligenceCenter reports that Sun Communities (NYSE:SUI) closed Thursday’s positive trading session at $35.12. In the past 12 months, Sun’s stock hit a 52-week low of $26.80 and a 52-week high of $40.21. Sun Communities’ stock has showed support around $32.12, but has had resistance in the $37.46 range. Technical indicators …
JetsonGreen reports the completion of another i-House in eco-friendly Green Bridge Farm. The 25 lot subdivision is located in Effingham County, GA. The owner, Charles Davis, doesn’t expect to have an electric bill because the home has a butterfly roof with solar panels. The home is generating enough electricity to …
i-House Net Zero Utilities draws eco-positive attention Read More
PressofAtlanticCity reports that Cape May County has endorsed the sewer plan for a proposed new manufactured home community. County Administrator Stephen O’Connor said Upper Township already agreed on supporting the waste-water plan for the proposed 134 site community. Upper Township NJ engineer Paul Dietrich said 20 percent of the units …
County approves sewer plan for new ‘mobile home park’ Read More
