The Sun Sentinel reports from southern Florida that a land lease community on tribal land the Seminole Indians forcibly took over in July 2008 has been returned to owner Hollywood Mobile Estates. The tribe had seized the 2,000-resident community alleging lease violations by the owners, and had twice refused the …
The Press Democrat in California reports HybridCore Homes of Santa Rosa, California, is collaborating with Champion Homes of Troy, Michigan, to build demonstration homes in Washington, D.C., and in North Dakota. These two areas were chosen because of new home construction currently in progress. HybridCore’s demo home displayed last fall …
Is it Modular, or Manufactured, or a True Hybrid??? Read More
HousingWire says foreclosure sales fell seven percent in May from the previous month to 68,000, the second straight month that figure has declined, according to the Hope Now consortium of lenders, counselors and insurers. Approximately 2.67 million mortgages stayed in 60-day delinquency in May, an increase of one percent over …
Foreclosure Sales Fall in May, but Foreclosures Initiated Rise Read More
Zacks Investment Research reports SmarTrend saying that Equity Lifestyle Properties (NYSE:ELS) ranks number one in the residential REITs (real estate investment trust) industry with a score of 1.61 percent gain, based on relative performance of yesterday’s trading activity. In its search for stocks that have the potential to outperform, SmarTrend …
The Clarion Ledger reports from Madison County in central Mississippi that manufactured homes with delinquent county taxes will be sold for cash to the highest bidder Monday, July 11, on the town square in Canton, Mississippi. Any representative of a business or corporation must have identification and authorization from their …
The Manufactured Housing Institute (MHI) says the number of manufactured homes shipped in May declined by 10.9 percent over May 2010. The 4,475 homes represent a 23.8 percent decrease in multi-section homes and a 9.6 increase in single section homes. Year-to-date shipments are 18,125 as opposed to 20,972 houses for …
CityBiz Real Estate in Philadelphia, PA reports that Cedar Grove MHC (manufactured home community) in Mantua, New Jersey, has secured a $4.55 million dollar loan arranged by Dockerty Romer & Company of Philadelphia. The age restricted community contains 185 homes comprised of 57 percent multi-section and 43 percent single section …
Sources tell MHMSM.com that MHI and MHARR quietly prepared a joint approach to HUD in favor of appointing attorney Victor A DeRose to a vacancy in that federal agency’s manufactured housing program. DeRose, who has years of manufactured housing industry experience, declined interest in the role. Recently announced moves of …
The Montreal Gazette reports Tenta Inc., of Quebec, Canada, has developed a modular home that is earthquake and flood-proof. Working with a Haitian company, Maurice Monette designed the 400 square-foot unit as a solution for Haiti’s earthquake refugees. Its high-density foam panels slide into an aluminum frame which allows the …
Earthquake-Proof Modular Homes May Be Coming to Haiti Read More
The South County Independent says the Washington County Superior Court judge in South Kingstown, Rhode Island, has ruled that Wakoma Park is legally a land lease community (LLC), supporting a ruling by the Department of Business Regulation (DBR). The Wakoma Park Homeowners Association has been trying for two years to …
Homeowners in LLC Now Have State Regulatory Protection Read More
Newby Management has been appointed as receiver of Sterling Estates in Justice, IL. The nearly 800 site community has been part of Capital First Realty’s portfolio of land- lease communities. At Sterling and another Capital First Realty location, MB Financial Bank has notified occupants of dozens of homes of their …
The San Francisco Chronicle reports from Loma Linda, California, that Hallmark-Southwest Corporation has been chosen by the California Mobile Home Park Owners Association as California Manufacturer of the Year. The company was started by craftsmen in the home building industry in 1976, and continues to be employee owned. Hallmark-Southwest offers …
YourHomeCanada says a company named Modular Additions is busy adding modular second storeys to many of the pre- and post-WWII bungalows that dot Toronto. Owner Vadja Jericevic says there are about 13 basic designs among the 70,000 bungalows in Toronto, and he has drawn up plans for each that can …
HousingWire reports rising interest rates in response to the Federal Reserve’s quantitative easing program caused mortgage applications to fall 5.2 percent for the past week on a seasonally-adjusted basis, according to the Mortgage Bankers Association (MBA). The 30-year, fixed-rate mortgage (FRM) went from 4.46 percent to 4.69 percent, and the …
Market Watch reports that Sun Communities, Inc. (NYSE:SUI) will release its second quarter 2011 earnings report prior to the opening of the market on July 28, 2011. A conference call to discuss the earnings report will be held that same day at 11:00 AM. Sun Communities is a real estate …
From New Mexico, the Cibola County Beacon says Gateway Mortgage Group has opened a branch in Albuquerque, New Mexico, that will specialize in Federal Housing Administration (FHA) Section 184 loans. The Section 184 Indian Home Loan Guarantee Program was established by Congress in 1992 to provide Native Americans with access …
Privately Run Government-Funded Mortgage Program Will Not Finance MH Read More
Defense Video and Image Distribution System (DVIDS) reports the U.S. Army Corps of Engineers (the Corps) has let two contracts to prepare sites for homeless survivors of the May 22 Joplin, Missouri, tornado. Two sites for Federal Emergency Management Agency (FEMA) homes are being developed near the Joplin Regional Airport. …
Market Watch says Sun Communities, Inc., (NYSE:SUI) has declared a quarterly dividend of $0.63 per share for the second quarter 2011, payable July 22, 2011 to shareholders as of July 12, 2011. The company has 21.5 million outstanding shares. Sun Communities, a real estate investment trust (REIT) owns and operates …
PR Newswire says UMH Properties, Inc. (NYSE Amex: UMH) has added three manufactured home communities in Tennessee to its portfolio. The 693 home sites on 209 acres cost $13,300,000. UMH now owns 38 manufactured home communities comprising 8,744 home sites in Tennessee, New York, Pennsylvania, Ohio and New Jersey. This …
Reuters reports that Sun Communities, Inc., of Southfield, Michigan, whose portfolio includes 155 communities and 53,500 sites, acquired 17 manufactured home communities and one RV community from Kentland Corporation of Grand Rapids, MI for $142.3 million. The 18 communities are in western Michigan and include 5,042 manufactured home sites and …
Land Lease Community Ownership Conglomerates Again Read More
