Following up on a story MHProNews posted Oct. 11 concerning a Camden, New Jersey warehouse that is being transformed into a modular housing factory, 2,000 showed up at the ribbon-cutting ceremony looking for work. ACTS Industries, LLC intends to hire 1,000 people at $15 an hour. ACTS CEO Irv Richter …
Some 50 AT&T volunteers helped senior citizens who live in the Friendly Village Mobile Home Park in Redmond, Washington with home maintenance. As redmond-reporter.com tells MHProNews, as part of the United Way Day of Caring, employees of the communications giant cleaned windows, did yard work, and spruced up the outdoor …
Volunteers Help Seniors at Manufactured Home Community Read More
Green Courte Partners, LLC of Lake Forest, Illinois announces the appointment of Susan A. Rowe to head the firm’s sustainability initiatives dealing specifically with manufactured housing communities and parking facilities. According to digitaljournal.com, Ms. Rowe will represent Green Courte at the Real Estate Roundtable’s Sustainability Policy Advisory Committee and at …
A modular affordable housing project for 16 low-income people with mental illnesses will be dedicated Wed., Oct. 9 in Closter, New Jersey, in the far northeastern corner of the state. After seven years and $3.5 million from the state’s special needs housing trust fund and other state sources, the Van …
As follow-up to a story MHProNews posted July 29, 2013 regarding a reality TV show about a backwoods Louisiana family that built a dynasty selling a duck call and hooked up with Clayton Homes, Clayton is now offering a limited edition home inspired by one of the show’s stars. Si …
Reality Show Star Endorses Clayton Manufactured Home Read More
Board Chairman Leigh Abrams of Drew Industries, Inc. (NYSE:DW) sold 10,000 of the company’s shares on the market at an average price of $44.09 for a total haul of $440,900.00. Abrams now owns 73,287 shares with a value of $3,230,827, according to northforkvue.com. Dated Sept. 26, the transaction was disclosed …
Freehold, New Jersey-based UMH Properties, Inc. has acquired manufactured home community (MHC) Rolling Hills Estates in Carlisle, Cumberland County, Pennsylvania. The 91 homesite community, situated on 34 acres, sold for $1,720,000, and brings the company’s holdings to 69 MHCs comprised of 12,900 sites, according to marketwatch.com. Samuel A. Landy, President, …
Updating a story MHProNews last posted June 24, 2013 regarding claims of manufactured home sales fraud against JoLeigh Ares’ Park Girl Sales in La Feria, Texas, the Texas Department of Housing and Community Affairs’ Manufactured Housing Division (MHD) received a total of 228 complaints. Ten of these were referred to …
Following a story from yesterday, Sept. 30, regarding the need for a $1.7 billion bailout of the Federal Housing Administration (FHA) by Treasury, FHA Commissioner Carol Galante says the request for funds comes from an estimate of forecasted losses from Dec. 2012 that cannot be altered due to mandated accounting …
Federal Housing Administration Bailout Mandated by Law Read More
The Consumer Financial Protection Bureau (CFPB) says 30 percent of homeowners over 70 have mortgages to pay off. A study for 2001 reports eight percent of owners over 75 were carrying mortgage debt. More homeowners over 65 continue to pay on their homes into their retirement years, and that may …
Director at Drew Industries, Inc. (NYSE:DW) Edward W. Rose III sold 110,590 shares at $44.05 per share for a total of $4,871,901, according to wallcheatsheat.com. Sept. 26 Drew closed up +1.82% at 44.76. As MHProNews knows Drew is a component supplier to the manufactured housing and recreational vehicle industries through …
The chairman of the board of Third Avenue Assets Management, Marvin Whitman, announcing the company’s third quarter portfolio update, has acquired a 20 percent stake in Cavco Industries, Inc., a $510.4 million market cap with stock up over 25 percent in the last 12 months. He purchased 1,809,108 shares when …
The 2013 Western Housing Conference will be held at the Radison Fort McDowell Casino in Fountain Hills, Arizona Nov. 7 and 8. The program will feature leaders in manufactured housing lending. Tim Williams of 21st Mortgage Corporation will keynote the conference Thurs. night speaking on the Preserving Access to Manufactured …
Conference to Focus on Manufactured Housing Lending Read More
The Chief Economist of the Real Estate Center at Texas A&M University forecasts higher prices, reduced inventory and more home sales in 2014 for the state. Mark Dotzour says, “If you are a real estate professional in Texas, I would suggest that you not take a vacation at all in …
Mark Dotzour: Texas Housing Recovery in Full Swing Read More
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its …
UMH Properties Receives a Strong ‘Buy’ on its Stock Read More
The all-volunteer Yarnell Hill Recovery Group was formed specifically to assist the 11 uninsured homeowners whose homes were destroyed in the Yarnell Hill Fire to rebuild in Yavapai County, Arizona. Of the eleven residences, four were manufactured homes, and they will be replaced with manufactured homes; the stick-built homes will …
In response to the South Carolina beauty contestant at the Miss America pageant who made fun of her home state’s bounty of manufactured homes, as MHProNews covered Sept. 16, 2013, Brian Hicks with The Post and Courier says the line— “I’m from the state where 20 percent of our homes …
Beauty Queen’s Sarcastic Remarks Spark Interest in MH Read More
A USA Today survey of Census Bureau data reveals the Millennial Generation, those between 25 and 34, buoyed the renters’ ranks by some one million from 2006 to 2011, while homeownership dropped nearly 1.4 million. For some of that generation renting is a result of liftstyle and finances—they may take …
Oracle of Ohama Warren Buffett says Obamacare should be eliminated because the average citizen will suffer the most without changes to the plan. He adds health care costs need to be controlled before providing health insurance to everyone, otherwise continuing as we are will lead to less competition. As newsbusters.org …
A “future-of-housing” forum sponsored by the National Association of Home Builders (NAHB) in Washington, D. C., with housing industry experts and Senators Bob Corker (R-TN), Jon Tester (D-MT) and Johnny Isakson (R-GA) indicated most participants agree the private sector should play a greater role in mortgage financing, but with some …
Support for Governmental Backstop for Mortgage Financing Remains Read More
