Manufactured Housing Business News

Declining home sales put American Land Lease in red
-- Business Journals - Wed 05/14/08 01:46:31 pm --
A nearly 50 percent drop in new home sales has affected the bottom line of American Land Lease Inc. The retirement community real estate investment trust reported a net loss of $1.5 million, or 19 cents per share, compared to a $1.3 million, or 16 cents per share, gain the company earned a year before. Revenue was $14 million, down more than 21 percent. Home sale revenue was down to $3.4 mil...

Manufactured housing strategy anew
-- Portsmouth Herald News - Sun 05/11/08 05:31:33 pm --
For 24 years, the New Hampshire Community Loan Fund and its public and private partners have pioneered a manufactured housing strategy that both preserves existing affordable (or work-force) housing and creates a bridge for working families to become homeowners. This strategy has proven so successful that we are spinning off a national organization to spread it across the United States...

The Case for Land Lease Communities
-- by Ed Hicks - Sun 05/11/08 04:59:14 pm --
Whether you call them trailer parks, mobile home parks, or the more accurate term Manufactured Home Land Lease Communities, since the early 40´s they have played an important part in our Nations affordable housing. Initially they were a convenient source of low cost housing for factory worker...

Manufactured homes offer affordable housing
-- Concord Monitor - Sun 05/11/08 11:52:31 am --
Then the New Hampshire Housing Finance Authority began offering the first traditional fixed-rate single-family mortgage loans for first-time buyers in resident-owned communities...created housing stability, security and affordability for themselves and their families. To the extent that some parks otherwise would have been sold and closed, cooperative ownership has preserved an important source of...

White House leaves door open on housing rescue
-- Reuters - Fri 05/09/08 09:52:32 pm --
By Kevin Drawbaugh WASHINGTON (Reuters) - The White House on Friday set out terms for a possible deal on a housing market rescue plan, as a sweeping package ...US House passes major housing rescue bill guardian.co.ukHouse passes mortgage rescue Los Angeles TimesHouse Sends Housing Overhaul Bill to Senate Helicopter Association InternationalWashington Post - Reutersall 192 news articles...

Financing the Rehabilitation of Your Manufactured Housing Community.
-- by Ed Hicks - Fri 05/09/08 09:49:59 pm --
An excellent, low cost way to finance an existing community is using the provisions of the little known loan guarantee program is now available for qualified communities. It may be used for the acquisition and rehabilitation, rehabilitation, or rehabilitation and expansion of your manufactured housing land lease (MH-LLC) community or may also be used for entirely new MH-LLC community development...

Manufactured homes offer affordable housing
-- Concord Monitor - Fri 05/09/08 09:40:21 pm --
For 24 years, the New Hampshire Community Loan Fund and its partners have pioneered a manufactured housing strategy that preserves existing affordable ......

Green Courte named MHCommunity Operator of the Year
-- News Release - Fri 05/09/08 09:37:31 pm --
LAKE FOREST, Ill., May 8 --Green Courte Partners, LLC announced today that it was recently named "Manufactured Home Community Operator of the Year" at the Manufactured Housing Institute's 2008 Congress & Expo for Manufactured and Modular Housing. Award recipients are chosen by a group of manufactured housing industry leaders. Green Courte Partners has made...

Builder expo in Ontario helps owners fix up homes, focus on green - Press
-- Enterprise - Fri 05/09/08 09:16:52 pm --
Homebuyers are looking at manufactured homes for many reasons, said Jess Maxcy, president of the California Manufactured Housing Institute. ......

Buffett buys subprime mortgages, freezes resets
-- Market Watch - Fri 05/09/08 08:53:30 pm --
OMAHA, Neb. (MarketWatch) -- Berkshire Hathaway has bought portfolios of subprime mortgages and has frozen resets that were due to send the interest rate on those home loans higher, Chairman Warren Buffett said on Sunday. Clayton Homes, which makes and provides financing on manufactured homes, purchased these subprime mortgages and sent letters out to all the borrowers involved telling them the i...

Service Dog with Aggressive Tendencies In Mobile Home Park
-- Community Management - Fri 05/09/08 12:17:08 pm --
A tenant brought in a large dog without permission. When asked to remove the dog, she said that it was a trained bodyguard that would "defend her to the death." ...a "service dog" that she required for mental health reasons. ...

Green Tree Assumes Origen's Fort Worth Servicing Center
-- Dallas Business Journal - Tue 05/06/08 11:10:57 pm --
...Origen...is ceasing operations in Texas and closing its service center in Fort Worth....sell its servicing.. and transfer $1.6 billion in loans to.. Green Tree...As part of the deal, Green Tree would assume the lease for Origen's Fort Worth servicing facility. ...

Cavco Reports Fourth Quarter Results
-- PRIME NEWS - Mon 05/05/08 11:23:51 pm --
PHOENIX, May 1, 2008 (PRIME NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq:CVCO) today announced financial results for the fourth quarter and fiscal year 2008 ended March 31, 2008. Net sales for the fourth quarter of fiscal 2008 totaled $34,204,000, up 1% from $33,812,000 for the fourth quarter of fiscal year 200...

Manufactured Housing Builders Leaders & Laggards
-- Yahoo! Finance - Sun 05/04/08 03:02:36 pm --
This view shows the Leaders & Laggards of Manufactured Housing Builders NET PROFITS. Use the drop down Menu to see..Price Performance.. Market Capitalization.. P/E Ratio ).. PEG Ratio.. P/B Ratio.. Total Revenue .. Quarterly Revenue Growth .. Quarterly Earnings Growth .. Free Cash Flow Growth (1 yr).. Long-Term Growth Rate (5 yr).. Return on Equity (ttm).. Long-Term Debt/Equity.. Div...

Mobile Home Income in Park Valuation
-- by Steve Murden - Sun 05/04/08 12:28:21 pm --
Many mobile home park investors often ask why lenders typically do not use the total cash-flow from a property with park-owned homes. The answer is that the majority of these mobile homes are considered personal property. As lenders are collateralizing their loans with real estate only, any personal p...

Manufactured Housing Shipments & Production Report March 2008
-- Institute for Building Technology & Safety - Sun 05/04/08 11:09:02 am --
Manufactured Housing Units produced across the United States in March,2008. Here is the breakdown by each states Shipments & Production ... ...

Mortgage Turmoil Tough on Renters Too, With Rising Rents and Foreclosure Eviction
-- BuildeingOnLine - Thu 05/01/08 10:31:15 pm --
The current mortgage turmoil reaches deep into rental markets. New research on rental housing market dynamics from Harvard University's Joint Center for Housing Studies finds that the current housing debacle not only adds to the number of households competing for low-cost rentals but also threatens renters living in foreclosed properties with sudden eviction. The report concludes that policy ma...

More Macro Effects of Housing Crisis - Housing Tracker
-- Seeking Alpha - Thu 05/01/08 04:10:04 pm --
The economy continued to stagnate during Q1’08, with a sharp pullback in consumer spending the primary factor at play… Consumer spending fell for a broad range of goods and services...reflecting a growing inclination toward thrift. Areas in which spending rose were predominantly those not considered optional purchases, including health care, housing and utilities… ...

Sell Value, Not Price
-- by Jerry Rouleau - Thu 05/01/08 11:08:13 am --
What is the biggest objection that sales people and customers have? In many cases, they say, "the price is to high". If the majority of the non-productive sale people had their way, they would get the builder to lower their prices and then give a discount. For some reason, sales people feel that if the price is lowe...

A Manufactured Housing History Lesson
-- OHIO MH ASSOCIATION - Thu 05/01/08 10:05:32 am --
Gone are the days of the traditional mobile home, a shoebox towed around on its own chassis. These days, the houses are set on a foundation, where they usually stay put. Some have a spiffier, more suburban appearance as well. Half the houses being sold are multi-section. ...

Manufactured Housing Business News & Commentary Updated Daily
by The Manufactured Housing Global Network