Owners of manufactured homes that occupy land owned by someone else in Washington County, Indiana are required to submit the vehicle identification number (VIN) or a copy of the title to the county assessor’s office by Dec. 20, 2013. MHProNews has learned from salemleader.com if the home owner does not …
Pre-registrations for the 2014 Louisville Manufactured Housing Show are up over 50% over the same time frame as last year. So state the facts supplied by Show Ways Unlimited, who manage the show for the Midwest Manufactured Housing Federation (MMHF). Show Chairman Ron Thomas, Sr. reports that in 2013, “Louisville …
Invitation and 2014 Louisville Manufactured Housing Show Updates Read More
MHProNews has learned from blueridgenow.com as of Jan. 1, 2014 that the North Carolina sales tax on manufactured homes will increase from two percent to the general rate of 4.75 percent, and on modular homes from 2.5 percent to 4.75 percent. Neil Carter, owner of Carter’s Homes in Fletcher says …
New Sales Tax will Raise the Price of Manufactured, Modular Homes Read More
The Consumer Financial Protection Bureau’s (CFPB) new consumer disclosure forms, called “Know Before You Owe,” that will take effect Aug. 1, 2015, is designed to give the borrower more control over the mortgage loan process as well as add transparency to the transaction. Paul Trepeta of the National Association of …
A manufactured housing community (MHC) senior rent control initiative may become law when it goes on the ballot for voters to decide in Lakeport, California on the June 2014 referendum. The Board of Supervisors voted unanimously to put the measure to the people after the group, “Save our Seniors,” collected …
Following up on a story MHProNews posted Oct. 24, 2013 regarding Southern Energy Homes moving into a new facility in Russellville, Alabama, plant manager David Brewer says needed modifications are under way, and he expects the plant to be operational by mid-March to May 1. He does not know how …
1) Who, What and Where: (Your name, formal title at the FinmarkUSA.com and where you are based).
Richard Ernst, President based in Dallas, Texas.
Access to financing by millions of home owners and would be buyers, as well as job loss-or-creation, hangs in the balance due to regulatory hurdles caused by Dodd-Frank. So say supporters of the Preserving Access to Manufactured Housing Act of 2013, known as HR 1779. The bill proposes a remedy …
SeekingAlpha.com reports manufactured housing community (MHC) proprietor UMH Properties owns 74 communities comprised of 13,400 developed home sites with an average occupancy rate of 82 percent. Forty-three of the communities, representing 46 percent of the holdings, are in the Utica and Marcellus Shale acreage that is being developed by energy …
News from the Federal Reserve meeting that bond buying by the Fed may taper off even if the unemployment rate does not fall drove stocks downward in today’s trading. CNNMoney reports the Dow Jones Industrial average dropped -0.41 percent, -66.21 points, to end the day’s trading at 15,900.82. The Nasdaq …
Liberty Homes Drops Precipitously: Three Major Indexes Fall Read More
Sam Zell told the REIT (Real Estate Investment Trust) Industry in San Francisco, “Open Kimono, total transparency.” That was the key to success for REITs, said the chairman of Equity Lifestyle Properties (ELS), Equity Group Investments (EGI) and Equity Residential (EQR). Zell said that when the government passed the original …
A couple in Ripley, West Virginia have sued CMH Homes, Inc. dba Freedom Homes No. 642 in Jackson County Circuit Court for allegedly selling them and installing a defective manufactured home that they could not use as intended. While wvrecord.com does not specify the nature of the damage, MHProNews has …
Stock analyst seekingalpha.com says the two sources of revenue for component supplier Drew Industries are manufactured homes (MH) and recreational vehicles (RV), and suggests the company move away from the MH industry because it does not offer future growth. Noting half of the RV revenue derives from sales of chassis …
Drew should Diversify away from Manufactured Homes Components Read More
While many buyers of manufactured homes (MH) are more concerned with affordability and, say, the kitchen cabinetry than energy efficiency, the MH industry is offering more energy efficient features that can save the homeowner anywhere from $30 to $70 month. Ronnie Richards, vice president of marketing for American Homestar Corporation, …
Energy Report on “Not Your Grandfather’s Trailer House” Read More
As follow-up to a story MHProNews posted Oct. 14, 2013 regarding a neighbor’s request for a green belt street-side screening of a manufactured home community in Preston, Minnesota, the Preston City Council questions its responsibility in the matter. City ordinance requires a 15 foot wide “green belt” around any manufactured …
Green Belt around Manufactured Housing Community not Buckled Read More
Washington, D.C., November 4, 2013 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing production increased once again during September 2013. Just-released statistics for September 2013 indicate that HUD …
September 2013 Production Increase Stronger Than Expected Read More
1) Who, What and Where: (Your name and your formal title at CU Factory Built Lending and where your company and you are based).
Barry Noffsinger, Sales and Marketing Manager. 2640 Idlewood Drive, Lexington, KY 40513, (859)797-4002 bnoffsinger@sacu.com.
MHI’s Dodd-Frank and Financial Services Policy Update House Committee Leader Seeks to Delay CFPB Mortgage Regulations Representative Shelley Moore Capito (R-WV), who serves as Chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, is circulating a “Dear Colleague” letter urging the Consumer Financial Protection Bureau (CFPB) …
Top National News Cost of Flood Insurance Rises, Along With Worries The Biggert-Waters Flood Insurance Reform Act of 2012 is being rolled out in stages, with a major element that removed subsidies to keep federal flood insurance premiums artificially low for millions of policyholders in effect as of Oct. 1. …
Representative Shelley Moore Capito (R-WV), who serves as Chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, is garnering support to encourage Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to postpone implementation of the new mortgage rules set to take effect in Jan. 2014, until …
