Consultant and industry publisher George F. Allen’s mother-in-law, Florence Ruth Deveney (Flossie), died Saturday June 18, 2011 at 5:45 pm after an extended illness. Allen’s wife, Carolyn, was very close to her mother and barely left her side in the hospital over the past few weeks. MHMSM.com extends its condolences …
The Department of Housing and Urban Development (HUD)’s ManuFACTured Housing News Letter announces changes in personnel. Teresa Payne, the Associate Deputy Assistant Secretary (ADAS) for Regulatory Affairs has been with HUD for 15 years in various capacities with the Manufactured Housing Program. She worked on HUD’s administration of the Real …
Daily Commercial News says Intelligent Living Corporation (ILVC) (OTCBB: ILVC) of Vancouver, British Columbia, Canada, is working with First Nations communities in Western Canada to help meet their needs for 20,000 modular housing units. In addition, a recent government analysis determined that 50 percent of tribal housing needs major repairs. …
Canadian Firm Building Modular Units for First Nations People Read More
RealEstateRama of Michigan says Creighton Weber, with 30 years of experience in the manufactured housing industry, has been appointed to the Michigan Manufactured Housing Commission (MMHC). Appointed by Governor Rick Snyder to a three-year term, Weber specializes in manufactured housing communities finance for Wells Fargo Multifamily Capitol Group. He earned …
Yahoo! News reports the twister that ripped through Alabama April 27 demolished the home of Lisa and Jonathan Stewart and their two children near Birmingham. A Federal Emergency Management Agency (FEMA) inspector examined the remains, took pictures and notes and then sent a letter saying there was insufficient damage to …
Storm Hammers Alabama Residents, FEMA Hammers Some Victims Read More
CNNMoney reports in an exchange between Federal Reserve Chairman Ben Bernanke and JPMorgan Chase CEO Jamie Dimon, that Dimon said the government is stifling the recovery with its reforms, including the Dodd-Frank Act (Dodd-Frank). Bernanke spoke in Atlanta at the International Monetary Conference and acknowledged the recovery is slow. Dimon …
Wall Street Banker Blames New Regulations for Slow Recovery Read More
Benzinga says Keefe, Bruyette, and Woods report Sam Zell’s Equity LifeStyle Properties (NYSE:ELS) sold 6.1 million shares of stock at $59.50 per share grossing $359 million to help fund its acquisition of a chunk of Hometown America LLC. As we reported here June 1, ELS acquired 31,167 home sites from …
Bloomberg reports that a division of Deutsche Bank of Frankfort, Germany, sued dozens of former shareholders and brokers of Chicago’s Tribune Company, alleging Sam Zell’s leveraged buyout (LBO) and subsequent bankrupting of Tribune was fraudulent, and just a way for the shareholders to line their pockets with $8.5 billion. In …
Business Wire reports that T.J.T., Inc. announces the appointment of Shawn CJ Kling as president and chief executive officer (CEO) of the company, replacing Joseph B. Light who is retiring. The company supplies recycled axles, tires and other transportation supplies, and provides aftermarket products to the MH industry. Serving a …
Executive Change in Manufactured Housing Transportation Firm Read More
Bloomberg News reports that JPMorgan Chase & Co. (JPM)’s Jamie Damon says losses have peaked in the United States mortgage industry. The chairman and chief executive officer (CEO) of the financial services and banking industry giant, says home prices may slip further, but the worst is behind us. JPM is …
Chairman of Major Bank Says Mortgage Industry Bottom Hit Read More
Following up on a story we published here March 17, Bloomberg reports that Bruce Ratner, CEO and chairman of Forest City Ratner Companies, the developer of the Atlantic Yards in Brooklyn, New York, plans to borrow $100 million to construct the 34-story modular apartment building. Thirty percent of the 400 …
The San Diego Union-Tribune reports that architect Michelle Kaufmann, termed “the Henry Ford of green homes” by the Sierra Club, says in order to attract people to energy efficient modular homes, we have to make it less expensive to live in than what people are paying now. She says we …
Price Modular Green Housing Reasonably, says Architect Read More
“Housing Built in Alabama for Alabama Citizens,” is what Sherry Norris, Executive Director of the Alabama Manufactured Housing Association says about an exciting project taking place right now. She sent word to MHMSM that two blocks of dilapidated housing were cleared in Montgomery, Alabama, to make way for a series …
West Virginia Public Broadcasting recorded two voices from the manufactured housing industry in West Virginia. A 23-year veteran in the business, and now the general manager of Freedom Homes in Raleigh County, Rocky Mills says several of his competitors have gone out of business because of the rough economy. He …
MH Pros in West Virginia Say Industry Is Toughing it Out Read More
Following up on an article we published May 24 regarding Cordova, Alabama, Mayor Jack Scott’s insistence on keeping Federal Emergency Management Agency (FEMA) homes out of Cordova, The Birmingham News reports that 200 people showed up for a city council meeting to protest the ban, many venting their frustrations. Mayor …
Tempers Flare at Cordova, Alabama, City Council Meeting Read More
With 19 years in the industry, Jay Hamilton has become the new executive director of the Georgia Manufactured Housing Association. In a conversation with MHMSM, he indicated he has held numerous sales positions, first with Champion Homes, and more recently with Fleetwood Homes as Regional Sales Manager until they sold …
Inside Business from Australia reports that there is a shift from modular home building in rural areas to inner urban, now accounting for 40-50 percent of the new modular construction, but lending institutions are skeptical about financing. Jan Gyrn, managing director for Modscape, says they have experienced 300 percent growth …
Modular Housing Growing but Facing Financing Challenges in Australia Read More
WWLTV reports that the town once called Canadaville, Louisiana because it was built by a Canadian billionaire philanthropist to harbor evacuees of Hurricane Katrina, is now home to refugees from the effects of the rising Mississippi. The 49 modular homes were part of a five-year plan that was supposed to …
Modular Homes Once Again Refuge for Disaster Evacuees Read More
The Crimson White reports from Alabama that 11,131 people in Tuscaloosa County have registered for assistance from the Federal Emergency Management Agency (FEMA), part of the 71,487 in the state who have signed up. An estimated 3.5 million cubic yards of debris litter the state, 1.5 million of it in …
Tuscaloosa Defies Law Allowing Modular Units in AL Cities Read More
WBRC MyFoxAL reports from northern Alabama that dozens of Federal Emergency Management Agency (FEMA) homes are available for victims of the tornadoes, but not in Cordova, Alabama, in Walker County because the city ordinance prohibits single section homes inside city limits. Mayor Jack Scott says double-sectionals are allowed in certain …
City Ordinance Prohibits FEMA Homes, Despite Emergency Need Read More
