The TCTimes from Fenton, Michigan, just northwest of Detroit, tells MHProNews a resident of Tryone Township is upset that residents pay $150 a year for fire department services, while Sun Communities and another MHC each pay $250 annually for the same services for the entire communities. Scott Dietrich estimates there …
MHProNews.com has learned that Clayton Homes founder Jim Clayton has chosen Alabama banker Eric Hamilton as president and CEO of Clayton Bank and Trust of Knoxville, Tennessee. Clayton, 77, stepped back into the role after Matt Daniels left in 2007, and had hoped to fill the position the following year, …
MHProNews.com has learned UMH Properties, Inc., in a Form 4 Filing with the SEC, says director Steven Wolgin bought 5,800 shares of UMH stock over the past 12 months, but did not sell any shares. MMDNewswire also reports during the same period, 6,352 shares of UMH stock were sold by …
NationalMortgageNews tells MHProNews.com a survey by mortgage lender Lending Tree reveals Americans who can afford to buy homes are putting 12 percent down on average, even more where the property is more expensive. While some regulatory proposals push for down payments of 20 percent in order to be exempt from …
The OmanObserver in the Middle East tells MHProNews.com that the rapid growth in the use of modular buildings has led Al Anseria Engineering Services to establish Modular Building Solutions (MBS), specializing in container conversions and insulated metal cabins. Noting they have many applications, from low-cost housing and offices to guard …
Following up on a story from July 22, 2011, MHProNews.com has learned from the Journal-Topics of northwest Chicago, Glenview’s Sunset Village land lease community may be sold at auction following the Federal court’s denial of bankruptcy protection for the owners. Owned by Sunset Village Limited Partnership (SVLP), of which Richard …
The National Association of Realtors (NAR) reports pending home sales reached its highest level in 19 months, increasing 7.3 percent from Oct. to Nov. 2011. Measuring mortgage contracts signed as an indicator of possible home closings, the index reached 100.1 in November, 5.9 percent higher than the 94.5 index last …
SeekingAlpha tells MHProNews.com the backbone of Warren Buffett’s Berkshire Hathaway investment strategy is the float from his insurance and reinsurance businesses, most notably GEICO and commercial insurance, including malpractice and workmen’s compensation. The float refers to premiums paid, like life insurance, that may take decades before the payout. At year’s …
MHProNews.com has learned that a cherry orchard in Gilroy, California, just south of the Bay Area, may see 349 manufactured homes sited among the cherry trees. According to the GilroyDispatch, the development will be aimed at active older adults and will help Gilroy meet its state affordable housing goals. CW …
Following the floods last Spring that destroyed many Minot, North Dakota, homes, the Federal Emergency Management Agency (FEMA) brought in manufactured housing for hundreds of residents. Although the winter so far has been mild, residents say their heating bills are two and three times more than in their original homes, …
GoshenNews reports from Goshen, Indiana, that employees of Lippert Components, Inc., donated gifts valued at more than $5,000 to members of the Boys and Girls Club of Goshen who otherwise would not have a Christmas. Food was provided to many families during the holidays, and 175 gift bags were distributed …
Employees of MH Component Manufacturer Help the Needy Read More
RVTimes tells MHProNews.com the RV/MH Hall of Fame Museum in Elkhart, Indiana, has managed to keep its doors open despite a debt of nearly $5 million as of last April when Tom McNulty took the reins as executive director. He says, “There are some good things happening and actually our …
The Mount Vernon, Illinois, Zoning and Planning Commission is considering an ordinance change that restricts manufactured housing to communities, instead of conditional permit zoning. The Register-News tells MHProNews.com that Mt. Vernon City Councilman David Wood says, “We’re trying to get away from spot zoning,” Wood said. “The way the ordinance …
MHProNews.com has learned from the LosAngelesTimes the owners of the Village Trailer Park in Santa Monica want to develop the 109 home site land lease community (LLC) into a 400,000 square-foot mixed-use retail, residential, and office complex. The four acre community was saved from extinction in 2007, but the owners …
MHProNews.com has learned from the Maine Public Broadcasting Network that Katahdin Cedar Log Homes has won a contract to supply China with factory-built homes. The initial building will be a 10,000 square- foot reception center on the shores of a man-made lake in Chengdu, in Southwest China, to serve as …
WinnipegFreePress tells MHProNews.com members of Lake St. Martin First Nation will be moving to new temporary modular homes in mid-February northwest of Winnipeg, Manitoba, Canada. Spring flooding forced over 700 residents of Lake St. Martin from their homes, 487 of whom are living in hotels in Winnipeg. An additional 1,687 …
Frank Rolfe, CEO of MHC owner American Home Communities, LP, writes in NuWireInvestor that buying a small manufactured home community for retirement income is a feasible way to maintain a reasonable standard of living. Given that safe investments only give you a return of two percent, you need $3,000,000 in …
NationalMortgageNews reports the battle over President Obama’s nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) has stymied three uncontroversial confirmations in related areas. Senate Minority Leader Mitch McConnell (R-Kent.) has put a hold on Martin Gruenberg’s nomination to head the Federal Deposit Insurance Corp. (FDIC), Thomas …
Partisan Battle Continues to Dog Richard Cordray as Head of CFPB Read More
BostonGlobe reports three potential candidates have been identified as possible monitors to make sure banks comply with any settlement of a nationwide foreclosure probe. In the wake of disclosures that mortgage companies were using faulty documents to seize homes during the foreclosure process, all 50 states began investigations. The monitor …
Candidates Being Considered to Monitor Foreclosure Probe Read More
MarketWatch reports from Eagle, Idaho, that Terrence J. Sheldon has resigned from the board of directors of T.J.T., Inc., effective Dec. 15, 2011. T.J.T. is a major supplier of recycled axles and tires to the manufactured housing industry, serving 14 western states from its recycling facilities in Idaho and California. …
