Benzinga reports Sam Zell, Chairman of Equity Group Investments, and parent company of Equity Lifestyle Properties (NYSE:ELS), the largest Land Lease Community (LLC) owner in the nation, says the Obama administration has deliberately hampered growth in the business community by sending mixed signals. Noting we are contributing to inflation in …
Sam Zell Sees Inflation Rising, Columbia as Good Growth Potential Read More
Blount Today reports that Jim and Kay Clayton have made a donation of $500,000 through the Clayton Family Foundation to the Second Harvest Food Bank in Maryville, Tennessee, where Clayton Homes and Clayton BanCorp are headquartered. The funds will be used to renovate a warehouse Second Harvest is buying for …
The Board of Directors of the Manufactured Housing Institute of South Carolina (MHISC) has developed a four-pronged approach to increasing sales of manufactured homes, according to Executive Director Mark Dillard. 1) Appraisals. Noting that appraisers are not always thorough in gathering comps for manufactured home sales, the association has been …
MHI of South Carolina Launches Marketing Initiatives Read More
HousingWire reports two U.S. Senators have proposed legislation that would require mortgage servicers to discontinue pursuing foreclosure and loan modification at the same time. The Regulation Mortgage Servicing Act, introduced by Sen. Olympia Snowe (R-Maine) and Sen. Jeff Merkley (D-Ore.), would also require a third-party review of mortgage servicers’ activities …
More Legislation to Clean Up Mortgage Servicing Errors Read More
A group of MH Industry leaders is working with MHC (manufactured home communities) owners David Roden and Spencer Roane who are spearheading a plan for FEMA in disaster areas in the southern U.S. Some manufacturers, association leaders and businessmen are working on a plan that avoids FEMA’s past missteps, saves …
Industry Leaders Work on FEMA Plan Using MHCs in Tornado-ravaged States Read More
MHI Week-in-Review reports from the halls of Congress that Rep. John Lewis (D-Ga.) introduced legislation (H.R. 1632) that would re-authorize and improve Assets for Independence (AFI), a federal grant program to help people out of poverty. The bill offers funding to repair substandard homes or replace them as well as …
Legislation in the News From the Manufactured Housing Institute (MHI) Read More
In noting the 13 percent drop in manufactured housing in the first quarter of this year over 2010, and the continued decline in the industry before the broader housing crisis settled in, the Manufactured Housing Association for Regulatory Reform (MHARR) will issue a series of briefs and fact sheets about …
MHARR to Issue Series of Needed MHIndustry Changes Read More
RV Business says Democratic U.S. Representative Joe Donnelly of Indiana will make a run for the U.S. Senate seat now held by Republican Senator Richard Lugar. Rep. Donnelly’s website says from June, 2010, in part: “Congressman Donnelly has been an advocate for the manufactured housing industry, a vital part of …
Friend of Manufactured Housing to Run for U.S. Senate Read More
The Fayetteville Observer writes that nearly 300 families will be uprooted when Fairlane Acres in Fayetteville, North Carolina, closes later this year. The Wellons family has had a 50-year lease since the early 1960s, which is near its end, and the land owners will no doubt take advantage of the …
Longtime Land Lease Community in North Carolina to Close Read More
From the eastern New Jersey shore, Toms River Patch says Ocean County will receive $1.2 million in federal HOME grant funds, part of which is designated for affordable housing rental units. At a public hearing, Freeholder (New Jersey designation for county legislator) Gerry P. Little says Housing and Urban Development …
Modular Builder Says He Can Build For Less than Non-Profit Read More
The Gadsden Times in Alabama reports that U.S. Representative Spencer Bachus (R-Ala.) will introduce CJ’s Home Protection Act requiring manufactured housing producers to install weather alert radios in their new homes. Named for C.J. Martin, a young boy who died with his grandmother and great-grandmother during a tornado in Indiana …
Bill Will Seek Weather Radios in Manufactured Homes Read More
Market Wire reports from Deer Valley’s corporate headquarters in Tampa, Florida, that their production facility in Guin, Alabama, was not damaged by the tornadoes last week, but they did lose communications and power for a day. All utilities were restored, and the facility reopened Monday, May 2, according to Charlie …
Deer Valley’s Alabama Factory Unharmed by Area Tornadoes Read More
From Pennsylvania, Lancaster Online spoke with emergency management officials concerning tornado preparedness in southeastern Pennsylvania, in the wake of the devastating tornadoes in the southern U.S. The area has several land lease communities, and is the single area in the state where tornadoes historically have struck. The Lancaster County Emergency …
Fox Business interviewed Warren Buffett, of Berkshire-Hathaway, and Kevin Clayton, CEO of Clayton Homes. Buffett remarked that it is good new housing has not gotten better because of the excess inventory of housing. He says when new home construction returns, employment will improve more than many people think. Kevin Clayton …
Following up on a news story from March 4, 2011, WSLS10 in Roanoke, Virginia, says the modular dormitory Ferrum College ordered in the spring was completely assembled in three days, as workmen set in place the last of the 42 units that comprise the building. College President Jennifer Braaten says, …
Forty-two Unit Modular Dormitory Assembled in Three Days Read More
Las Vegas, NV. At the recent MHI National Communities Council (NCC) Pre-Conference Forum in Las Vegas, NV, Dr. Henry Fishkind, one of Florida’s premier economic consultants, expressed to the attendees his perception of a three percent economic growth, retail sales rising and jobless rates going down. Noting that everyone is …
Speaking at the Manufactured Housing Institute’s (MHI) annual Congress & Expo in Las Vegas, Dr. Mark T. Dotzour, of Texas A & M’s Real Estate Center in College Station, said the federal government is swinging by a long rope that is near the bottom of its arc. The government is …
Tulsa’s 3rd annual Great Southwest Home Show will take place at the QuikTrip Center at Expo Square, April 28-May 1. It is the largest indoor manufactured home show. The show begins April 28 and 29 for the industry and the doors will swing wide for the public Friday afternoon through …
Great Southwest Home Show Opens April 28 through May 1 Read More
Las Vegas, NV – April 27, 2011. Joe Stegmayer (Chairman & CEO, Cavco Industries and present Chairman, MHI) addressed the attendees at MHI’s 2011 Congress & Expo in Las Vegas, NV. He noted that Land Lease Communities (LLCs) have done better than most sectors of the housing industry, which has …
Opening Remarks of MHI Chairman Joe Stegmayer at Vegas Congress Read More
The Miami Herald reports an architect’s quest for an ecofriendly home led to a business designing and building modular homes. Michelle Kaufmann wanted smart design, energy efficiency, water conservation, recyclable materials and a healthy indoor environment in her own home. She and her husband have developed a series of modular …
