News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
SBSun published an OpEd by Joan Patsky which asserts that “millions of homeowners” with non-delinquent mortgages may benefit by refinancing at historically low interest rates, if U.S. Senate Bill 170 introduced by Sen. Barbara Boxer, D-Calif., goes into effect. Patsky says “S.B. 170 is designed to assist non-delinquent borrowers in …
Boxer’s bill could benefit manufactured home owners Read More
CNNMoney reported the retreat of the Dow today, which closed 11,149.82 -170.89 (-1.51%). Buffett’s 5 billion dollar stake in Bank of America, gold’s rebound, weak growth, high debt and the Sage of Omaha’s high profile fund raiser for President Obama all made headlines. The Manufactured Housing Composite index closed down …
Rally retreats on realities, most manufactured housing stocks follow Read More
Republic reports that the Donaldsonville (LA) City Council planned a discussion next week about amending its law regulating “mobile homes” within their city limits. The Advocate reports (http://bit.ly/pozgCX ) council members decided during Tuesday’s meeting to place the issue on the Sept. 19 agenda for further discussion. At question is …
Manufactured home placement law to be reviewed by city Read More
Saratogan reports Massachusetts Attorney General Martha Coakley is suing the owners of Saratoga Springs NY based Morgan RV Resorts, alleging the company is intimidating members to collect exorbitant fees in their Cape Cod manufactured housing community. According to Coakley’s press release, the company’s sales team “aggressively solicited homeowners at Peters …
Massachusetts AG sues manufactured home community owner Read More
LegalNewsline reports that New York Attorney General Eric Schneiderman was removed from an executive committee negotiating a nationwide foreclosure settlement with major U.S. lenders. Iowa Attorney General Tom Miller, leading the committee, said Schneiderman has “actively worked to undermine” its effort. State attorneys general, the U.S. Justice Department, Treasury Department …
Maverick NY AG Schneiderman removed from mortgage settlement deal committee Read More
NCTimes reports that the proposal to consider selling city owned Laguna Vista Mobile Home Park in Oceanside, CA has died. The Financing Authority in February voted 4-0 to instruct city staffers to explore the idea of selling the manufactured home community. The city panel that oversees the land lease community’s …
Proposal to sell city own manufactured home community defeated Read More
MotherNatureNews (MNN) reports that prefab home builder BluHomes has unveiled a new line of New England style modular homes that ‘fits the architectural vernacular of traditional and historic communities.’ Massachusetts-based prefab firm Blu Homes unveils Lofthouse, a New England style modular home that has already been making small waves on …
CNNMoney reports that while there are no guarantees, some traders in the markets responded to hopes of a possible QE3 announcement by the Fed this Friday. The Manufactured Housing Composite index rose 3.34% to close at 770.5. AMG 81.87 +1.44 (1.77%), but retreated in after hours trading. Clayton Homes, Vanderbilt …
Gold drops $104 to 1757.30, stocks rise on QE3 hopes, MH rises too. Read More
Newsystocks reports that equities research analysts at Ladenburg Thalmann initiated coverage on Sun Communities Inc (NYSE: SUI) in a research note to investors on Wednesday. Thalmann set a “buy” rating on Sun stock and a $43.00 price target. Analysts at The Benchmark Company raised their price target on shares of …
Analysts rate a Manufactured Home Communities REIT a buy Read More
Award-winning Modular Lifestyles has had the home in the photo to the left selected for the 3rd Annual Upcoming Ojai Valley Green Home Tour held October 1, 2011. The home passed the stringent So Cal Edison “CA Advanced Home” program standards. Modular Lifestyles VP, Steven Lefler, told MHMSM.com that “We …
Modular with solar power selected for Green Home Tour Read More
RutlandHearald reports that Steven James Bromley, age 61, of North Charleston, S.C., died Saturday, August 20th, 2011, at his residence. He was the owner of Sea Island Building Systems Inc., Beaufort, S.C.; salesman with Highland Home Brokers Inc., Charleston, S.C.; owner of Vermont Precision Products; owner of Metronics Inc., Manchester, …
CNNMoney reports that new-home sales fell once again in July, the third straight month of declines. The seasonally adjusted annualized rate of 298,000. This represents a modest 0.7% drop from a downwardly-revised rate of 300,000 homes sold in June, according to the Census Bureau, but up 6.8% from July 2010 …
NAHB’s Crowe: ‘Low rates haven’t helped home sales’ Read More
CNNMoney reports the Dow Jones Industrial Average closed today at 11,176.76 +322.11 / +2.97% still off -3.46% for the year. The Manufactured Housing Composite Index rose a more modest 2.30% to close at 745.60. AMG 81.57 +4.34 (+5.62%) but dipped after hours. Clayton Homes, VMF and other MH building, lending …
WorldOver reports on a possible reason why a billionaire like Warren Buffett has recently come out in favor of higher taxes on the super rich. Buffett, they observed, does not upon closer scrutiny make for an ideal poster child for taxing the rich at a higher rate. They pointed out …
BYUManagementSociety reports that LinkedIn has recently changed it’s privacy settings”without notice.” According to their message, if you don’t take action, Linkedin can use your name and photograph for advertising purposes. To change your privacy settings and thus avoid this happening to you, here is what LinkedIn members have to …
LinkedIn Users: change your Privacy Settings to avoid this issue Read More
MeridianBooster reports the Canadian Real Estate Association (CREA) states national resale housing activity was stable in July after the June increase. “The continued stability in national sales activity shows that homebuyers remain confident about the soundness of investing in a home,” said CREA president Gary Morse. “Mortgage interest rates are …
What a difference a border makes! CREA president optimistic Read More
SMBSpot reports concerns among many that the Consumer Finance Protection Bureau (CFPB) will negatively impact small business, which is challenged during these touch economic times. Contrary to that concern, CFPB deputy director of their research department, Dan Sokolov, told a Congressional subcommittee that won’t happen. Sokolov said the agency’s focus …
CFPB’s researcher Sokolov says they won’t hamper small business Read More
Marketwatch reports that Origen Financial Announces Second Quarter 2011 Results. Origen is real estate investment trust managing residual interests in securitized manufactured housing loan portfolios. They reported a net loss of $3.5 million, or $0.13 per share, for the quarter ended June 30, 2011, as compared to a net loss …
Origen Financial releases 2 Quarter 2011 statements Read More
CNNMoney reports that the Dow Jones Industrial Average closed at 10,849.02, up modestly +31.37 (+0.29%) after the recent declines, which have still left the market down 6.29% year to date. Yahoo! Manufactured Housing Composite Index value stood at 726.2, up +0.59%. TheStreets ratings downgraded AMG to a ‘hold,’ but the stock …
Market’s nudge ahead, but still down over 6% YTD, MH Mixed Read More
RecordPub reports that Valley Hills Mobile Home Park owners will be paying $314,000 to the county water resources department that was in arrears. County officials threatened a cut off of service to the community located on Sandy Lake Road in Rootstown, OH. Buckeye Portfolio LLC of Burbank CA reportedly paid …
County service shutoff to community abated as owners agree to pay $314,000 bill Read More
