The billingsgazette reports Canadian-American Structured Solutions, Inc. (CASS), which opened its doors in May, 2012 in Billings, Mont. to build modular homes to help meet the housing shortage in ten western states and three Canadian provinces has announced it will layoff about 30 employees as a temporary measure. CASS’ president …
In a Meet the Media Morning at the Louisville Manufactured Home Show Thurs. Jan. 24, from 9-11 AM, the press has been invited to see the quality of factory-built homes for themselves to dispel the misconceptions about the industry and the product. Top-named officials in the industry, companies associations and …
DailyMarkets reports from Freehold, New Jersey UMH Properties, Inc. (UMH) board chairman Eugene W. Landy said the board of directors declared a quarterly cash dividend of $0.18 per share payable March 15, 2013 to shareholders of record as of Feb. 15, 2013. In addition, the board declared a quarterly dividend …
CNNMoney informs MHProNews the president of the Federal Reserve Bank of Minneapolis, Narayana Kocherlakota, says the Fed should do more to lower the unemployment rate. “I would say that my outlook for unemployment and my outlook for inflation both point to a need for more accommodation than is currently being …
Iowa Manufactured Housing Association (IMHA)’s Joe Kelly has informed MHProNews that Lincoln Homes of Ogden, Iowa brought a Redman manufactured home and a Skyline modular home to the Iowa Home Show in Des Moines this past weekend. While other manufacturers were there, only Lincoln brought homes. Held at the Varied …
The House Financial Services Committee tells MHProNews that Committee Chairman Jeb Snarling, in his response to the Consumer Financial Protection Bureau (CFPB)’s Qualified Mortgage and Ability to Pay rules, says the CFPB has an impossible, dangerous mission and that attempted solutions may have unintended consequences. He asserts, “ Impossible because …
The sltrib tells MHProNews Steve Anderson and his wife, residents of Cottonwood Coves MHC in Murray, Utah just outside Salt Lake City allege the owner, Terry Robison, unilaterally changed the terms of the contract they signed in 2004 without their signature. Initially, sewer and water fees were included in the …
Responding to the qualified mortgage rule issued by the Consumer Financial Protection Bureau (CFPB), the National Association of Home Builders’ (NAHB) president, Barry Rutenberg noted the balance struck between creditworthy borrowers seeking mortgages and lenders who are protected from potential lawsuits. MHProNews notes his words: “Our initial review of the …
Writing in the Huffington Post, Corporation for Enterprise Development president Andrea Levere says the outdated notions that link manufactured housing with “Hurricane Katrina trailers” has put a damper on the efforts to house many homeless survivors of Hurricane Sandy that ravaged the northeast U.S. shores Oct. 29. While Federal Emergency …
OriginationNews reports the person who helped plan staffing, enforcement and direction of the Consumer Financial Protection Bureau (CFPB) is now the regional director of the West Region office of the agency in San Francisco, covering 18 western states including Alaska, Hawaii and Guam. Edwin L. Chow is responsible for consumer …
Rick L. Wilson, forty-year veteran of the manufactured housing industry, passed away Friday, January 4, at Central Baptist Hospital in Lexington, Kentucky. A production manager with Fleming Homes in Fleminsburg, Kent., the last several years he was a manufactured home retailer, according to maysvilleonline. A kentucky Colonel, Wilson, 62, also …
CNN Reports one day after officially ending his 32 years in the House of Representatives, Barney Frank may be returning to Capitol Hill to temporarily fill the Senate seat of John Kerry who will likely be appointed as President Obama’s Secretary of State. A long-time supporter of manufactured housing, Frank …
NationalMortgageNews reports over a year after the Senate Banking Committee voted to send Carol Galante’s confirmation to the full Senate as Commissioner of the Federal Housing Administration (FHA), the Senate voted 69-24 to confirm her appointment Sunday during a special session dealing with the fiscal cliff controversy. As MHProNews reported …
National Public Radio (NPR) reports Harvard economist Martin Feldstein says the Federal Reserve’s holding the interest rate down is assisting many borrowers in buying or refinancing a house, but it is also keeping some lenders out of the market because the lower interest rates reduce the profit margins lenders can …
Keeping Interest Rates Low could Return to Bite us Read More
CrainsCleveland reports Freehold, New Jersey-based UMH Properties has acquired 125-site Olmsted Falls MHC in the southwestern suburbs of Cleveland, Ohio for $3.6 million. The 14-acre property in Olmsted Falls marks UMH’s second MHC acquisition this month just outside Cleveland. As MHProNews reported Dec. 4, 2012, it purchased 141-site Twin Oaks …
The Associated Press says outgoing Ind. Gov. Mitch Daniels is taking the recreational vehicle featured in his two gubernatorial campaigns on its final trip today. “RV One” will be driven from the statehouse in Indianapolis to Elkhart, Ind. where Gov. Daniels will donate it to the RV/MH Hall of Fame …
As follow up on the massive, modular Forest City Ratner project in Brooklyn, NY, groundbreaking is set for today with Mayor Michael Bloomberg, Gary LaBarbera, President of the Building and Construction Trades Council of Greater New York, Brooklyn Borough President Marty Moskowitz, and Forest City CEO Bruce Ratner. Theatlanticcities says …
Following up on an article we last posted Dec. 13, 2012, a Cavco Industries facility in Rocky Mount, Virginia is providing a foundation in New Milford Conn. with 30 manufactured homes. Named for a firefighter who died at the Twin Towers Sept. 9,2011, the Stephen Siller Tunnels to Tower Foundation …
Although fewer U.S. chief executives expect hiring to decline than they did three months ago, a survey by Business Roundtable revealed the number of large firms that intend to hire workers is no different than three months ago. According to what the Associated Press tells MHProNews, 34 percent of Roundtable …
The Wall Street Journal says as interest rates remain low and the housing recovery continues to pick up, more people will be buying traditional houses instead of manufactured homes. Citing the drop in production of manufactured homes the last two months following 16 months of consecutive industry growth, and the …
