Warren Buffett’s views on investing in REITs and Real Estate. This opens with a discussion on large vs. small caps, to which Buffett states, that the only thing that matters to us is do we understand the business, do we like the people running it and does it sell for …
Warren Buffett’s views on investing in REITs and Real Estate Read More
CNNMoney reports that the Dow dropped 258.08 (-2.36%) to close at 10,655.30. This marks a 1 year change of -1.61% and a year-to-date decline of -7.97%. The Yahoo! Finance Manufactured Housing Composite Value dropped under 700, closing at 698.7 (-5.65%). Affiliated Managers Group 72.88 -5.17 (-6.62%). Clayton Homes, Vanderbilt Mortgage …
4th Quarter opens down on Dow, MH Composite slides Read More
UPI reports that on October 1, the temporary higher loan limits passed on FHA loans expired, moving the top finance amount from $729,750 down to $625,500. “NAR (National Association of Realtors) is continuing to working closely with members of Congress and a coalition of industry partners to have the higher …
Loan Limit drop harms housing values and finance access in 42 states Read More
FinancialPost reports that Saskatchewan based 3twenty – which uses shipping containers as transportable and stackable housing units – is making diversity, a Google-like culture and solution oriented youthfulness pay dividends. Evan Willoughby, Channing McCorriston, and Bryan McCrea teamed with W. Brett Wilson to launch the start up firm. Their target …
3twenty somethings stack container housing and growing results Read More
MHProNews has learned that Sun Communities Inc. (SUI) announced today that its Board of Directors declared a quarterly dividend of $0.63 per share for the third quarter of 2011. According to Karen J. Dearing, Chief Financial Officer, the dividend is payable October 21, 2011 to shareholders of record October 13, …
Dearing announces Sun’s dividend and new revolving credit facility Read More
UkiahDailyJournal reports that Mendocino County Board of Supervisors plans to draft a new ordinance on the issue of rent control in manufactured home communities in their jurisdiction. The board directed attorney Jeanine Nadel to draft an ordinance that would impose ‘rent stabilization’ for park residents. The Board of Supervisors would …
County plans rent control ordinance, invites public and manufactured home industry input Read More
DelmarVaNow reports that decade old Atlantis Homes, LLC in is successfully bucking trends in manufactured and modular home sales. “Even in the economic situation we have, we sell on average 200 homes a year,” Randy Merritt, Jr. said. “That’s a lot of homes.” Atlantis is a retailer for Clayton, Norris, …
Eastern Manufactured and Modular Retailer boasts good sales numbers Read More
Our new October 2011 issue of MHProNews.com – MHMSM.com – will go live mid week. This will mark the start of our third year of trade media service to the manufactured, modular and prefab home industries. So …
MHMSM.com – MHProNews.com are in the process of moving our web site to a more powerful ‘liquid cloud’ server, in order to accommodate our increasing web site traffic. This server move will be followed by our planned new format that will be available later next month. While attempting this server …
CNNMoney reports that 90% of consumers feel that economic conditions remain poor. In a quarter that witnessed turmoil over the EU/Greek bail out crisis, the downgrading of the U.S. credit rating and poor jobs reports, the Dow closed the quarter on a down note, 10,912.63 -241.35 (-2.16%), off -5.74% year-to-date. …
Lousy quarter for Dow ends on sour note, MH slides less Read More
MorganCountyCitizen reports that the Madison City Council (GA) has tentatively agreed to the purchase of the Madison Woods manufactured home community’s water supply. The commitment depends on Madison City Manager David Nunn completing a payment schedule on $56,000 in back water and sewage services owed the city by Madison Woods …
City taking control manufactured home community’s water system Read More
MHProNews.com has learned that praise for the Midwest Manaufactured Housing Federation’s show continues. “I was pleasantly surprised at our attendance at the 2011 Louisville Manufactured Housing Show…I knew the 50 year history of the show and the spirit of our industry would bring us back.” said Darrell Boyd, with Triad …
Triad, US Bank and Digital Leveling praise MMHF’s Show Read More
DailyGazette reports that the Federal Emergency Management Agency (FEMA) is transporting manufactured homes to Cobleskill NY as the agency’s response to the needs of dozens of households displaced by Hurricane Irene and Tropical Storm Lee. FEMA spokesman Chris McKniff said it’s unclear precisely how many of the manufactured homes are …
LaconiaDailySun reports on ‘surprise’ legal action by New Hampshire’s Attorney General Michael Delaney’s Office. In a follow up to the story covered earlier this week in MHProNews.com, Shanna Saunders said the city code enforcement office had been working with the developer and home owners to resolve some complains, but never …
Local official surprised by Attorney General’s suit against modular developer Read More
CNNMoney reported today that the Dow closed up 11,152.77 +141.87 ( +1.29), up four days out of five, but still off YTD by -3.67%. The Yahoo! Finance Manufactured Housing Composite value stood at 744.40, up +1.88%. Affiliated Managers Group 83.00 + 2.99 (+3.74%). Clayton Homes, Vanderbilt Mortgage and Finance and …
MHProNews.com has learned that The City of Santa Rosa established a Clean Energy Advocate (CEA) pilot program within the City and Sonoma County that assists homeowners in utilizing renewable energy, energy efficiency, and water-use efficiency when upgrading their homes. Clean Energy Advocate Julie Carlton stated, “We have found that people …
Clean Energy Advocate Program teams up with CA mod/prefab builder Read More
MHProNews.com has been reporting recently on some of the entries in the 2011 Solar Decathlon that is taking place on the National Mall in Washington DC. Once every two years, the Solar Decathlon competition takes place. Teams in the 2011 Solar Decathlon include entries from California, Ohio, Maryland, Massachusetts, Belgium, …
Washington DC Modular/PreFab Home 2011 Solar Decathlon video report Read More
Jetsongreen reports on a variation our previously reported ‘tiny house’ trend. Austin, TX based Sett Studio is building a line of prefab studios that are 97 to 192 square feet in size. Sett’s modern design with energy-efficient construction can be used as a home office, art studio, exercise or meditation …
Prefabs under 200 square feet, for $20,000 – $30,000 Read More
Businessweek reports thatPalm Harbor Homes Inc., which sold their assets to Fleetwood in April for $83.9 million, has scheduled a Nov. 17 confirmation hearing to approve a Chapter 11 plan. The bankruptcy court in Delaware approved this week the explanatory disclosure statement on Sept. 27. The disclosure statement predicts that holders of …
Palm Harbor Homes Plan Set for Nov. 17 Confirmation Read More
Boston reports that New Hampshire’s attorney general has filed suit against the developers of Lake Winnipesaukee area housing complex, The suit alleges safety and building code violations, which the developer Arthur Sullivan denies. The legal pleadings claim many of the 93 modular homes at the Villas at Paugus Bay in …
