In following up on stories published here May 3 and May 5 ,The Los Angeles Central Coast Democrat reports that California Assembly member Bill Bonning (D-Carmel) is delaying his Assembly Bill 579 (AB 579) that would reimburse local governments legal fees when their rent control laws, or other regulations regarding …
Bill to Reimburse Local Governments for Rent Control Challenges on Hold Read More
The Board of Directors of the Manufactured Housing Institute of South Carolina (MHISC) has developed a four-pronged approach to increasing sales of manufactured homes, according to Executive Director Mark Dillard. 1) Appraisals. Noting that appraisers are not always thorough in gathering comps for manufactured home sales, the association has been …
MHI of South Carolina Launches Marketing Initiatives Read More
In correspondence with MHMSM, Joe Kelly, Executive Director of the Manufactured Housing Association of Iowa, says state law requires each Land Lease Community (LLC) to file an annual report with the county treasurers by June 1 with the name of each home owner and the home mailing address. Says Kelly: …
A group of MH Industry leaders is working with MHC (manufactured home communities) owners David Roden and Spencer Roane who are spearheading a plan for FEMA in disaster areas in the southern U.S. Some manufacturers, association leaders and businessmen are working on a plan that avoids FEMA’s past missteps, saves …
Industry Leaders Work on FEMA Plan Using MHCs in Tornado-ravaged States Read More
The Canadian Press reports that manufactured community owner Killam Properties (TSX:KMP) of Halifax, Nova Scotia, Canada says its earned net income for Q1 2011 was $16.5 million, up from last year’s first quarter of $6.4 million. The share valued increased year over year from .16 cents a share to .35 …
Treasure Coast Newspapers reports that Ocean Breeze Park, an incorporated pre-HUD code community on Florida’s eastern shore just south of Fort Pierce, lost 23 percent of its population between 2000 and 2010. Founded in 1938 by Harry and Queena Hoke as a 55-plus community, it was incorporated as a town …
Cooperative Community Coping with Decrease in Residents Read More
In noting the 13 percent drop in manufactured housing in the first quarter of this year over 2010, and the continued decline in the industry before the broader housing crisis settled in, the Manufactured Housing Association for Regulatory Reform (MHARR) will issue a series of briefs and fact sheets about …
MHARR to Issue Series of Needed MHIndustry Changes Read More
The site near the Tunica Manufactured Housing Show in Tunica, Mississippi, has been flooded by the recent rising tide of the Mississippi River and its tributaries. Yahoo! News shows pictures of the flood waters around the casinos, and notes that the state earns $10 million a month in taxes from …
Mississippi Manufactured Housing Show Site Flooded Read More
Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was …
International Business Times reports that Housing and Urban Development (HUD) Secretary Shaun Donovan says there are 1,000 foreclosed homes in Alabama that could be available to house people left homeless by the April 29 tornadoes. Although the government does not have an exact number of how many people are …
Foreclosed Homes May House Alabama Tornado Victims Read More
RV Business says Democratic U.S. Representative Joe Donnelly of Indiana will make a run for the U.S. Senate seat now held by Republican Senator Richard Lugar. Rep. Donnelly’s website says from June, 2010, in part: “Congressman Donnelly has been an advocate for the manufactured housing industry, a vital part of …
Friend of Manufactured Housing to Run for U.S. Senate Read More
The Las Vegas Review-Journal says the Community Action Program of the Plumbers, Pipefitters and Service Technicians Local 525 is helping with the plumbing needs of seniors on fixed incomes who live in manufactured homes. Lou Salazar, the local’s residential business representative, started the program 13 years ago using union …
Plumbers Helping Seniors in Manufactured Housing on Own Dime Read More
Zacks says that the Berkshire-Hathaway first quarter 2011 operating earnings report shows a 49 percent drop from Q1 2010. Although total revenue gained 5.3 percent year-over-year, net income was .61 cents per share, dropping 59 percent from the same quarter last year. The loss was attributable primarily to insurance expenses …
Net Income for Berkshire-Hathaway Drops in Q1 2011 Read More
The Times Daily reports from Northern Alabama that Federal Emergency Management Agency (FEMA) homes have started arriving in Franklin County to house victims of the April 27 tornadoes in areas where rental housing is limited. Eleven homes arrived over the weekend, and 30 more FEMA homes are expected by local …
The Fayetteville Observer writes that nearly 300 families will be uprooted when Fairlane Acres in Fayetteville, North Carolina, closes later this year. The Wellons family has had a 50-year lease since the early 1960s, which is near its end, and the land owners will no doubt take advantage of the …
Longtime Land Lease Community in North Carolina to Close Read More
The Knoxville News-Sentinel reports that Jim Clayton, founder of Clayton Homes and Clayton BanCorp, Inc., was one of nine recipients of the Pinnacle Award, presented by the Knoxville, Tennessee Chamber of Commerce recognizing the best in business leaders. He was awarded the “James A. Haslam II Leadership Award, which honors …
Clayton Founder Honored by Knoxville Chamber of Commerce Read More
The Manufactured Housing Institute’s (MHI) shipments report indicates that 4,035 new HUD-code homes were shipped in March 2011, down 10.7 percent from March 2010. Decreases were across the board with both single-section and multi-section homes shipments down compared with the same month last year. Compared with 2010, this year has …
New HUD Code Homes Shipped in March Fell 10.7 Percent from March 2010 Read More
Business Wire says that Newcastle Investment Corporation (NYSE:NCT) of New York reported first quarter 2011 income applicable to common stockholders of $108 million, or $1.73 per diluted share, as opposed to Q1 2010 of $180 million that had diluted share value of $3.36. With a $4.2 billion investment portfolio, manufactured …
AZ Central reports that Phoenix, Arizona-based Cavco Industries, Inc., issued a positive earnings statement for the first quarter of the year, showing profits of $1.6 million versus a year ago when it lost $729,000 in Q1. The manufactured home producer’s net sales for the quarter rose seven percent over the …
The Republic says KBS-Building Systems of South Paris, Maine, is re-opening a manufactured housing plant in Waterford that it had closed in December, laying off 25 employees. According to General Manager Ray Atkisson, the facility was closed due to lack of work and the $700 a month cost to heat …
