WNEP reports that Tropical Storm Lee caused flooding put a Pine Grove, PA factory home builder’s plant out of business. Flood waters ruined almost everything at Pine Grove Manufactured Homes in Schuylkill County. Long-time employees said managers have told them the flood forced the factory to close. “They told us …
Yahoo!Finance reports a new wave of foreclosure is expected, as the number of U.S. homes that received an initial default notice – the first step in the foreclosure process – jumped 33 percent in August from July, per RealtyTrac. “This is really the first time we’ve seen a significant increase …
Isurfwebster reports that Malcolm Coffman approached the Dixon City Commission to request a moratorium on the issuance of building permits while working to enact zoning laws to prevent “mobile homes” from being set up in neighborhoods with high-value traditional houses. Coffman owns a conventional house with a reported value of …
Emotions heat over plan to place ‘mobile home’ near traditional houses Read More
CNNMoney reports that most European markets rallied as hopes continue for a deal to save debt-plagued Greece. The Dow rose 11,433.18 +186.45 ( +1.66%)., with a year to date loss of -1.25%. The Yahoo! Finance Manufactured Housing Composite Value closed at 796.4, up +3.89%. Affiliated Managers Group 86.30 + 2.80 (+3.31%), but …
MIT reports on a project that has yielded basic new modular designed homes for under $6000. The goal was to design a home for $1000 for the poor, or to address emergency housing and other high demand housing needs. The idea to attempt building $1,000 homes was first conceived by …
BrightEnergy reports on a partnership between Vermont-manufactured AllSun Tracker solar electric system and ReVision Energy to bring a new technology to homeowners and businesses throughout northern New England. Designed and manufactured in Williston, VT, AllSun Trackers uses innovative GPS and wireless solar technology to follow the sun throughout the day. …
New solar energy system for homes can track the sun Read More
The House Committee on Financial Services issued a release that reports Congressman Spencer Bachus (AL-6) introduced legislation to prevent the removal or demolition of storm shelters built to protect school children after the devastating tornadoes in Alabama this past spring. Bachus authored the Community Shelter Protection Act of 2011 in …
Bachus introduces bill to prevent FEMA from demolishing storm shelters Read More
DCcitybizlist reports that modular home builder Nationwide Homes expects a net increase in the strength of the modular housing as the nation slowly climbs out of recession. Nationwide recently celebrated construction of its 35,000th home. The firm’s sales activity is picking up since last year, when Nationwide became the country’s …
Builder sees bright outlook for future of modular homes Read More
TahoeDailyTribuine reports that the Douglas County Sheriff’s Office and South Lake Tahoe Police Department will offer a free Crime Free Multi-Housing Program. The training program is geared to local multi-family (apartment) housing, manufactured home communities, vacation rental owners or managers, and property management companies. This innovative, law-enforcement-based crime prevention …
CNNMoney reports that the Dow Jones Industrial Average closed at 11,105.85 +44.73 +0.40%. The Yahoo! Finance, Manufactured Housing Composite Index closed up at 801.9 +0.41%. Affiliated Managers Group 82.74 + 0.99 (+1.21%), but slid after hours. Clayton Homes, Vanderbilt Mortgage and Finance and other MH homebuilding, lending and suppliers parent company Berkshire …
The Ministry of Energy and Mines along with the Canada Mortgage and Housing Corporation (CMHC) announced the recent opening of a new, modular affordable housing project. Located in 100 Mile House is Pioneer Haven, the new $1.5-million affordable seniors housing development provides eight apartments built through modular home construction for seniors and …
New $1.5 million modular development for B.C. seniors opened Read More
Zacks reports that Sun Communities (SUI) Debt To Asset ratio are relatively high compared to the top five companies in the residential REITs (Real Estate Investment Trust) industry. The Debt/Asset ratio shows the proportion of a company’s assets that are financed through debt. If the ratio is greater than one, most …
Marketwatch reports that Universal Forest Products Inc. (UFPI) will consolidate three divisions into two as part of an effort to streamline operations. The maker and seller of lumber and other building products said its Atlantic division will be absorbed into the company’s Eastern division. Atlantic Division President Robert Lees will …
SpinnyLiberal’s (SL) recent post reminds us there is another viewpoint to the Dodd-Frank legislation. SL took aim at 21st Mortgage, starting with the allegation that “Predatory Lenders Hate Regulation.” According to SL, the ‘janitress’ “showed me a packet she got in the mail from 21st Mortgage Corporation, her mortgage company. …
Spinny Liberal attacks 21st Mortgage on Dodd-Frank reform effort Read More
VCStar reports that Toll Brothers will unveil 4000+ square foot luxury homes with new green features in the San Diego market area. “This model home is going to be special. Every time someone turns a corner, there’s something they’ve never seen before,” said Kevin Rosinski, assistant vice president for Toll …
Builder with high end components ‘going Luxury green’ in upcoming Parade of Homes Read More
CNNMoney reports that the volatile markets rose today, while Greek debt and U.S. Debt reduction talks loomed over investors. The Dow closed at 11,061 +68.99 +(0.63%), with a year to date loss of -4.46%. The Yahoo! Finance Manufactured Housing Composite Value declined to 798.6 -0.16%. Affiliated Managers Group 81.75 +0.51 …
DigitalJournal reports on a recent National Association of Realtors (NAR) study that asserts that 94% of home buyers begin their housing search online. This move in consumer home buying habits has motivated some housing companies to provide a maximized Internet shopping experience, one that supports the personal service experience. “It …
NAR says Interent home shopping continues to rise, housing pros move with that trend Read More
MHProNews.com has learned that Wells Fargo Multifamily Capital’s Tony Petosa and Nick Bertino have reportedly closed 50 million in loans on 6 manufactured home community properties in the last 90 days. The six properties are located in four states across the country and total 1,661 sites. These included, Club Marina, …
Wells Fargo closes loans for 6 communities for $50 Million Read More
SavannahNow reports on a bright spot of the nations housing market that has benefited single family, modular, townhome and condo sales. Sales hit a four year high in Chatham, Bryan and Effingham county areas of South Carolina. 416 homes changed hands in August, the third month running this area has …
Local market bucks trends, may provide clues to boost housing Read More
LegalNewsline reports an update on a story previously covered by MHProNews.com, that Massachusetts Attorney General Martha Coakley announced she had obtained a preliminary injunction prohibiting the owners of a manufactured housing community from continuing alleged intimidating sales tactics. Morgan RV Resorts LLC and its sales team allegedly used intimidating tactics …
AG gets injunction against manufactured home community owner Read More
