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Daily Business News Briefs

Stocks Decline Wednesday

Stocks Decline Wednesday

Stocks declined Wednesday in response to economic reports and while one of those reports showed gains in home sales, several prominent site builders including Toll Brothers and KB Homes saw share price declines. The Yahoo Finance Manufactured Housing Composite Value lost more than four percent. Losing ground Wednesday were Affiliated Managers...

22 Feb 2012

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Mortgage Applications Decrease

Mortgage Applications Decrease

Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 17. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.5 percent on a seasonally adjusted basis from one week e...

22 Feb 2012

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Affordable Modulars Come to Sudbury, Massachusetts

Affordable Modulars Come to Sudbury, Massachusetts

From Massachusetts and Metro West Daily News, MHProNews.com learns that an affordable housing project long underway will soon bear the fruit in the form of new modular homes. Undertaken by the Sudbury Housing Authority, the project adds affordable housing units without the expensive proposition of buying new land. The project will create six new...

22 Feb 2012

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Existing-Home Sales Rise Again

Existing-Home Sales Rise Again

Realtors report existing-home sales rose again in January, marking three gains in the past four months, while inventories continued to dwindle. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to a seasonally adjusted annual rate of 4.57 million...

22 Feb 2012

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Article Highlights Aging Population in Appalachia

Article Highlights Aging Population in Appalachia

A recent Associated Press story featured manufactured home owner and Appalachia resident Donna Robirds of Mount Orab, Ohio. The focus of the story is on the aging population in the region. Robirds is 67 and lives on a fixed-income. Nationally, the article notes, people 65 and over are expected to account for one of every [...]...

22 Feb 2012

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Australian Modular Maker Sees Profit

Australian Modular Maker Sees Profit

NineMSN of Australia tells MHProNews.com the Fleetwood Corporation, a producer of RVs and modular accommodations for residential and commercial applications, announced its profit for the six months ending Dec. 31, 2011 rose ten percent to $26.89 million. CEO Steven Price attributes the earnings report to increased demand for temporary...

22 Feb 2012

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Modular Modern in Texas

Modular Modern in Texas

This 1,400 square foot modular home in Wimberley, Texas,has three bedrooms, two baths, and lots of deck space. Produced by Ma Modular of Austin, TX the home has Energy Star appliances and HVAC, 2X6 exterior wall studs, a Galvalume double-lock standing-seam metal roof, Gerkin windows, and other energy efficient features. JetsonGreen tells...

22 Feb 2012

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G-Fee Increase Dropped

G-Fee Increase Dropped

Congress passed a $150 billion bill that extends the payroll tax reduction and unemployment benefits for ten months without increasing the guarantee fees (g-fees) on Fannie Mae and Freddie Mac. Consideration was at first given to raising the fees as a means to pay for the extension but then dropped. In December congress passed a [...]...

21 Feb 2012

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Greece Bailout Shoots Dow over 13,000, then Investors Pull Back

Greece Bailout Shoots Dow over 13,000, then Investors Pull Back

CNNMoney tells MHProNews.com the Dow Jones Industrial Average crossed the 13,000 mark for the first time in almost four years, but then fell back to close at 12,965.77, gaining only 15.9 points, +0.02 percent. The Nasdaq lost -0.11 percent, -3.21, to end the day at 2,948.57, while the S&P rose 0.98, +0.07 percent to close [...]...

21 Feb 2012

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Cordray Ticks off Achievements to Ticked-off Senators

Cordray Ticks off Achievements to Ticked-off Senators

NationalMortgageNews tells MHProNews.com Richard Cordray, the recess-appointed head of the Consumer Financial Protection Bureau (CFPB), made his first appearance on Capitol Hill at a meeting with members of the Senate Banking Committee, some of whom want budget oversight and structural changes to the agency. Cordray says the CFPB is similar to...

21 Feb 2012

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Little Change in Number of Pre-sale Foreclosure Homes

Little Change in Number of Pre-sale Foreclosure Homes

According to HousingWire, the mortgage delinquency rate fell 2.2 percent from Dec. 2011 to Jan. 2012. Based on its data of nearly 40 million loans, Lender Processing Services says the Jan. 2012 delinquency rate dropped to 7.97 percent, which represents a 10.5 percent annual decline. There are 1.77 million properties with loans at least 90 [...]...

21 Feb 2012

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Featured Articles and Reports - February 2012 Vol. 3 No. 5

Prev Next Page:

Fair Housing 2012 – The Two Most Important Words!

Fair Housing 2012 – The Two Most Important Words!

by Nadeen Green I thought about holding a contest to see who might be able to come up with what I believe may be the two most important words for fair... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Where to Build

Where to Build

by Eddie Hicks To build or not to build. That's the question. To "take up arms against a sea of trouble." Perchance to "dream"? Is that the rub? Sorry, Bill. I... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Content Area of Guidelines for Living: Security and Protection through Stor…

Content Area of Guidelines for Living: Security and Protection through Storage

by Chrissy Jackson In our last column, we covered Manufactured Home Community “Guidelines for Living” topics ranging from Refuse Removal through Rights of Management. This month, we will explore Security and... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Community Management: The $20,000 Dog

Community Management:  The $20,000 Dog

by Kurt D. Kelley, JD It’s exciting. You just purchased a manufactured home community. It has fifty (50) sites, forty eight (48) of which are occupied by home owning tenants paying... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Multiple Listing Service… It is all about the Listings

Multiple Listing Service… It is all about the Listings

by Boe Davis This is our second installment about how a Multiple Listing Service (MLS) functions and how it could help manufactured home sales throughout the country. In this article we... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

It's Show Time in Tulsa!

It's Show Time in Tulsa!

by Deanna Fields March 1-2 will be here before you know it! Do you want access to more financing? Do you need new sources for inventory, services or just want to... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

When Emails Aren't Where They Should Be, Whitelist

When Emails Aren't Where They Should Be, Whitelist

by Joe Geller Many of us have gone through the frustration of not receiving an email, even after we verify the sender has sent the email, and he or she has... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

How Long Will an Anchor Last? Anchor Rust

How Long Will an Anchor Last? Anchor Rust

by George Porter Have you ever heard of anyone replacing anchors because they were worn out or not good anymore? I know I haven't and it worries me. Have you ever... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

It Is - What it Is

It Is - What it Is

by Tim Connor, CSP One of my daughter’s favorite lines is, it is what it is. Every time I hear that from her it makes me stop and think – why... Read more

MANAGEMENT

ZigOn Healthy Fear

ZigOn Healthy Fear

by Zig Ziglar In recent years, in manufactured housing and in other industries too, we've seen fear take a toll. There really is "healthy fear." For example, it's very healthy to... Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Sales Super Stars – Got any?

Sales Super Stars – Got any?

by Tim Connor, CSP Creating a team of super-stars is manufactured housing – business to business or business to consumers – is not as difficult as many managers or trainers would... Read more

SALES

What are you prepared to do?

What are you prepared to do?

by 'L. A.' Tony Kovach As we have noted before, at the heart of any successful career or business, there are certain basics or fundamentals. Being on the Cutting Edge of... Read more

SALES

Manufactured Housing Financing Alert

Manufactured Housing Financing Alert

by 'L. A.' Tony Kovach With approaching half a year of increasing shipment levels, we are seeing what could be the start of an industry turn around. This is not the... Read more

FINANCING

Six Ways to Make your Manufactured Home Loan a Smooth Transaction

Six Ways to Make your Manufactured Home Loan a Smooth Transaction

by Dave Shanklin Over the years, I have noted several helpful procedures that make our loan processing smoother. In the past I have written on this topic. Here are some new... Read more

FINANCING

The Tribe is Here

The Tribe is Here

by Jeff Templeton I try to listen and learn about marketing and business from as many experts as possible. I believe that their insights will make myself and those that I... Read more

MARKETING

Model Homes…..or NOT Part 2

Model Homes…..or NOT Part 2

by Katie Weldon Whether the term is model home or staged home, the definition is the same. It is the detailed and creative preparation of a house to be sold. If... Read more

MARKETING

US and Canadian Manufactured Homes Directory Locations

US and Canadian Manufactured Homes Directory