Manufactured Housing Business News

Is i-house a model for modern modular?
-- Seattle Post-Intelligencer - Mon 06/29/09 02:06:57 pm --
Clayton originally envisioned marketing and selling the homes exclusively online, but is now starting to set up models around the country, said John Devoille, a housing consultant at Heritage. "They're realizing now that people want to see the house. They want to touch it. They also need some help in terms of site preparation, permitting, financing. That's where we come in." The first potential...

WHY ARE MOBILE HOME PARK MANAGERS SO CRITICAL?
-- by Corey Donaldson - Mon 06/29/09 11:12:17 am --
The manager is a critical part of the success for your investment property. Having a good manager can mean the difference between your spending 5 hours a month overseeing a property if you have a good manager, or 40 hours a week if you have an inept manager. For example, I owned an income property managed b...

How I Made A Million Dollars With A Mobile Home Park...--And How You Can Too, Even In This Recession
-- by Frank Rolfe - Mon 06/29/09 10:16:47 am --
The mobile home park industry is terribly misunderstood. There is massive opportunity, but everybody is looking in all the wrong places. Why? Because mobile home park investing, properly done, requires trusting in the opposite of what your initial instincts are. That’s because it is an unusual investment real est...

Colorado Mobile Home Park Rent Surveys Updated
-- JLT and Associates - Mon 06/29/09 09:24:45 am --
Colorado MHCommunities Rent Survey Updates JLT & Associates is pleased to announce that fo...

Monetizing the $8000 Federal Tax Credit towards Down Payment
-- YouTube Video - Fri 06/26/09 04:48:08 pm --
In a speech before the National Association of Home Builders (NAHB) Board of Directors on May 29, HUD Secretary Shaun Donovan unveiled new rules that will help spur the housing market by allowing consumers to use the $8,000 first-time home buyer tax credit to help cover the costs of closing on an FHA-insured home. ...

Startup's prefab homes aim for zero energy bills
-- San Francisco Chrionicle - Fri 06/26/09 04:34:36 pm --
What allows us to build housing at a competitive cost with zero energy bills is that we're doing it in a factory where we have very efficient design and production and cut down on waste," said Naomi Porat, Zeta's CEO. Zeta's plan coincides with recognition by the state and federal government that housing is a major contributor to global warming. But while green building experts say Zeta's idea...

Mortgage Applications Rebound as Rates Stabilize
-- Mortgage Daily News - Fri 06/26/09 04:22:30 pm --
Loan applications for mortgages increased last week for the first time in a month, as average rates for a 30-year fixed rate mortgage edged downwards, a weekly report said Wednesday. Demand for applications advanced 6.6% in the week ending June 19, according to the Mortgage Bankers Association, who have been conducting the survey since 1990. From the MBA Press Release: The Market Composi...

Manufactured housing bill signed by Governor Markell
-- WGMD Radio - Fri 06/26/09 03:48:15 pm --
Governor Jack Markell has signed legislation that treats the residents of manufactured housing communities like any other renter in the state. House Bill 107 makes ground rental payments and increases paid in equal amounts over a calendar year and prohibits a lump sum payment unless it’s at the tenant’s request and is agreed on by the landlord...

Frequently Asked Questions About the Home Buyer Tax Credit
-- Your Federal Bailout - Fri 06/26/09 03:38:58 pm --
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.The following questions and answers provide basic information about the tax credit. If you have more specific question...

Existing-Home Sales Rise in May
-- BuildingOnLine - Fri 06/26/09 03:17:00 pm --
Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the National Association of Realtors®. May's increase was the first back-to-back monthly gain since September 2005. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 2.4 percent to a seasonally adjusted annu...

Why Housing Storm May Not Be Over
-- Seeking Alpha - Wed 06/24/09 07:17:19 pm --
was all set to write an upbeat post about how a story in the WSJ was another indication that the housing market was slowly getting better when an article in the Arizona Republic stopped me dead in my tracks. Let me explain. First, the WSJ article reports that some homebuilders are starting to acquire land again. It isn’t massive amounts, rather they’re buying or trying to buy land that banks h...

Obtaining Permanent Financing for a Manufactured Home Community
-- by Tony Petosa and Nick Bertino - Wed 06/24/09 11:54:50 am --
With interest rates at historic lows, it is still an excellent time to obtain permanent financing for a manufactured home community. Before selecting a loan, however, it is important for a property owner to assess investment goals and prepare a business plan. Understanding the different types of lending...

Prescription for Burned-Out Landlords
-- by Lonnie Scruggs - Wed 06/24/09 10:26:05 am --
Are you a burned out landlord like I am? Someone who is just plain sick and tired of dealing with tenants and rental properties? If so, let me share with you how we've been able to eliminate tenants, management, and maintenance, yet still get a check (actually two checks) each month. You might want...

Ensuring Minimal Risk When Purchasing Foreclosures
-- by Jonathan LaFountain - Wed 06/24/09 10:09:57 am --
Today, the real estate market involves so many foreclosed homes or properties that have begun the foreclosure process. If you're looking into entering the real estate industry and are hoping to make investments, you may want to look into foreclosed properties. There are many great prices on these homes and yo...

Mortgage Bankers Association predicts fewer home loans
-- Press Release - Tue 06/23/09 10:25:28 am --
Washington, DC (June 22, 2009) — The Mortgage Bankers Association today lowered its forecast of mortgage originations in 2009 to $2.03 trillion, a drop of over $700 billion from its March forecast. $84 billion of the drop is due to lower purchase originations and the rest is due to lower rate/term refinancings and very low volumes in the Fannie Mae and Freddie Mac Home Afforda...

Clarifying first-time home credit
-- Bradenton Herald - Tue 06/23/09 09:55:11 am --
There have been a lot of questions regarding the first-time home buyer tax credit that was announced earlier this year. Some of the published information was unclear, and there was a great deal of confusion about how this plan was being implemented. The U.S. Department of Housing and Urban Development initially released details regarding how this tax credit could be used to help first-time hom...

Harvard: Housing recovery yet to emerge
-- OCRegister - Mon 06/22/09 10:28:20 am --
OCRegister, CASpecifically: Housing starts were down more than 50% from 2005, the year the boom ended. Manufactured housing shipments decreased for a third consecutive year. Demand for new homes fell faster than production, resulting in a record supply of 12.4 ......

Nobility Announces Sales and Earnings for 2nd Qtr 2009
-- PRNewswire - Mon 06/22/09 10:24:54 am --
OCALA, Fla., June 19 /PRNewswire-FirstCall/ -- Today Nobility Homes, Inc. (Nasdaq: NOBH) announced sales and earnings results for its second quarter ended May 2, 2009. Sales for the second quarter of 2009 were $2,388,817 as compared to $8,700,899 recorded in second quarter of 2008. Loss from operations for the second quarter of 2009 was $884,242 vers...

Manufactured housing business goes green
-- Fort Wayne Journal Gazette - Mon 06/22/09 10:19:30 am --
Manufactured Housing Enterprises Inc. of Bryan, Ohio, a maker of modular and manufactured housing, has joined the ranks of green builders. The company recently achieved certification in green building from the National Association of Home Builders and became the first facility in the nation to be certified to provide manufactured and ...

Mobile Home Parts Store Has Everything for Repair & Renovation
-- DO IT YOURSELF - Mon 06/15/09 10:11:35 pm --
Need Parts for repair renovation or expanding your manufactured home? Find what you need fast in the online store. Shipping to anyplace...Friendly knowledgeable customer service representatives available to answer your questions.....complete selection of products for manufactured home owners, contractors, parks, communities and retailers. Name brand products...affordable prices.... ... ... ...

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