Housingwire reports that the Ninth Circuit U.S. Court of Appeals upheld a lower court’s decision to dismiss a fraud suit filed as a class action against the Mortgage Electronic Registration System (MERS), Bank of America (BoA) and countless other financial institutions. The original suit filed by three homeowners as a …
Ninth Circuit tosses MERS suit, BoA and other banks pleased Read More
WillistonDailyHerald reports that Williams County Commissioners (ND) have unanimously approved the purchase of four manufactured homes for use as housing for county employees. Williams County Sheriff Scott Busching explained ongoing efforts to secure housing for county employees during the meeting. “We’ve so far purchased four mobile homes in Cimarron Heights,” …
County purchasing manufactured homes for employees Read More
Costar reports that UMH Properties, Inc. acquired three manufactured home communities. Trailmont is located at 1341 Dickerson Pike in Goodlettsville, TN; Shady Hill located at 1508 Dickerson Pike in Nashville, TN; and Countryside Village at 200 Early Rd. in Columbia, TN, for $13.3 million, or about $19,200 per home site. …
RTTNews reports Canadian building permits matched a record high in July. This suggests Canada’s housing market continues to thrive despite economic concerns. The value of building permits rose 6.3 percent to C$7.0 billion in July, matching the record set in May 2007, according to Statistics Canada. Much of the increase …
Canadian home building and housing overall continues strong Read More
Internet searches on a manufactured housing builder’s may lead web surfers to hacked off consumer complaint sites. Some of these attacks are anonymous. All of them can be difficult to handle, especially in the absence of positive efforts to build a company or the industry’s image. These attacks are not …
Businesses and workplace impacted by Cyber-bullying Read More
Bloomberg reports that U.S. mortgage rates tumbled 4.12 percent, the lowest in at least four decades. “Homebuyers are not responding to these record-low interest rates,” said Patrick Newport, economist at IHS Global Insight in Lexington, Massachusetts. “The reason interest rates are dropping recently is that the outlook for the economy …
Record low mortgage rates, but weak economy keeps many buyers on sidelines Read More
CNNMoney reports that Fed Chief Ben Bernake’s address failed to impress investors, even though big Ben said the Fed could use certain “tools” to help stimulate the economy if needed. The Dow fell 11,295.96 -118.90 (-1.04%). The Yahoo! Finance Manufactured Housing Composite index value slipped even faster, to 821.6 (-3.12%). …
Ben Blows, investors froze, stocks close low, manufactured housing slides too Read More
Fitsnews reports that Toronto Canada based Innovative Composites International, Inc. (ICI) has announced it will build a new production facility in Orangeburg County, SC. The $9.3 million investment is expected to generate 300 new jobs over five years. “South Carolina has provided us with an excellent location for our new …
CalgaryHerald reports on a story MHProNews.com has previously covered, that even ‘mobile homes’ (sic) on the Malibu, CA coast can be worth millions. Two gated, ocean-view communities in Malibu – Paradise Cove and Point Dume Club – struggled during the downturn. “In 2008 and 2009 people were just scared to …
Malibu and Maxey reminds us some ‘mobiles’ are worth millions Read More
Zacks reports that among five home-building companies tracked, the following have the lowest Current Ratios. The Current Ratio is used to get a sense of how quickly a company can repay its short term liabilities with its short term assets. Higher current ratios means the more capable the firm is …
Zacks tags Cavco in housing ranks for current ratio Read More
2011 Trends Report – top 20 trends. This video provides insights into facts that could be useful to those manufactured housing pros willing to pay close attention, and then act on what they learn. (Video credit: THTV)
DigitalJournal reports on a study by Atlas Van Lines on the latest information on why American’s move. “This infographic was developed to give readers a quick look at migration patterns and the reasons why people move,” said Jack Griffin, president & COO of Atlas World Group. “This information is of …
CNNMoney reports that the Dow rallied today to close at 11,414.86. +275.56 (+2.47%). The Manufactured Housing Composite Value: 848.0 +4.67%. Affiliated Managers Group 85.31 +5.02 (6.25%). Clayton Homes, Vanderbilt Mortgage and Finance and other MH builders, lending and housing suppliers parent company Berkshire Hathaway 106,120.00, +3,545.00 (+3.46%). Cavco Industries 35.71 +1.64 …
Sources tell MHProNews.com that momentum is building for the return of the 2012 Great Southwest Home Show. “The Great Southwest Home Show gave us a great platform to introduce and sell our Rocky Mountain Series.” said Howard McGirt, General Manager of Southern Energy Homes of Texas. Kurt Kelly of Mobile …
New March date attracting strong support for MH Show Read More
NewsJournalOnline reports that Florida-based Amicorp Inc. secured an $8.25 million dollar refinance on their 207 home-site manufactured home community, named The Oaks. Amicorp’s plans for The Oaks include having new homes built and installed on 7 vacant sites, as well as other improvements. “We were able to get a better …
GE completes 8+ Mil Refi for Manufactured Home Community Read More
BusinessInsider reports that the housing bust’s resultant weak home prices are actually masking the true rate of inflation in the U.S.. Editor Tom McClellan stated “I’ll bet you did not know that housing makes up 42% of the Consumer Price Index (CPI). All the rest of it, food, energy, clothing, …
McClellan says Housing downturn is masking true U.S. inflation rate Read More
MercuryNews reports on the ever-developing story of Capitola coast’s Sand and Surf manufactured home land-lease community. Bill Newman was featured, an 86 year old resident who protested a 250 page lease and its terms at the risk of going from from $285 to $2,500 a month on his site fees. …
Rent Control battle ground between some residents and MHCs Read More
BuffaloBizFirst reports the Parkside Village manufactured home community, one of the area’s largest has been sold. The 156-site land lease community, located on Crabapple Lane in Cheektowaga, NY was sold by Shamrock Mill Co-Parkside LLC of Paradise Valley, Ariz., to GCP Parkside Village LLC, a Clearwater, Fla.-based investment group, affiliate …
GCP wing buys Cheektowaga Manufactured Home Community for $6M Read More
Politico reports President Obama’s new Consumer Financial Protection Bureau (CFPB) and its proposed director were held in partisan gridlock at Senate confirmation hearings Tuesday. Sen. Richard Shelby (R-Ala.) reiterated his plan to block former Ohio Attorney General Richard Cordray from leading the agency, unless the CFPB is restructured as a …
Codray’s CFPB hearing heats as 44 Republican Senators demand change Read More
CNNMoney reports that the Dow Jones Industrial Average closed at 11,139.30, -100.96 ( -0.90%). While the initial fall was worse, stocks rallied later in the day. The Yahoo! Financial Manufactured Housing Composite Index bucked that trend and rose today, 810.2 up +0.46%. Affiliated Managers Group, 79.01 -1.28 (-1.60%). Clayton Homes, Vanderbilt Mortgage …
