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The number of San Diego military families who used their Veterans Affairs benefits to buy a home in the past year has nearly tripled to 3,700. Still, many active and retired military families say they have been unable to take advantage of the program due to some rules -- including that homes be in move-in condition -- and they are losing out on affordable, foreclosed properties to investors and all-cash buyers who can offer more equity and close on escrow in days. The VA is working with the National Association of Realtors, big banks, and local agents to clarify its rules; but VA officials, bankers, and brokers say new regulations are needed to give special preference to veterans.

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From "VA Home Loans See Surge in Demand" San Diego Union-Tribune (09/29/09) Showley, Roger

Daily Business News Briefs

Recyclable Mini House Assembles in Two Days

Recyclable Mini House Assembles in Two Days

Swedish architect Jonas Wagell has designed a modular home that is delivered flat-packed and requires only two days to assemble on site. The design includes an insulating polystyrene core clad with plywood or plastic laminate. The Mini House modules consist of prefabricated walls, framing, roofing and trim-less windows. Wagell tells gizmag all the...

30 May 2015

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Another Drew Principal Unloads Stock

Another Drew Principal Unloads Stock

A member of the board of directors of Drew Industries, Inc. (NYSE:DW), John B Jr Lowe sold 10,000 shares of Drew stock on May 27, 2015, according to a filing with the Securities and Exchange commission (SEC) dated May 29, 2015. The shares were sold at $60.57 per share for a value of $605,700.00, as […]...

29 May 2015

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Factory-built Homes more Prevalent in Scandinavia and Japan

Factory-built Homes more Prevalent in Scandinavia and Japan

Brisbane’s Queensland (Australia) University of Technology researchers Karen Manley and Dale Steinhardt report 84 percent of Sweden’s homes contain some prefabricated wood elements, far beyond the under five percent for the UK, Australia and the United States. In between are the Netherlands with 20 percent of all new housing using some...

29 May 2015

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MHCV Moves Up; Dow, Nasdaq, S&P 500 Move Down

MHCV Moves Up; Dow, Nasdaq, S&P 500 Move Down

In Today’s News: AmEx President Ed Gilligan Dies, Anheuser-Busch is canning clean drinking water for flood victims in Texas and Oklahoma, Michael Jackson’s Neverland Ranch is on the market for $100 million, and a customer left a $2,000 tip in a D. C. restaurant on a $93. tab. Meanwhile, the Yahoo Manufactured Housing Composite Value...

29 May 2015

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Manufactured Home Community Residents Balk at Utilities Increase

Manufactured Home Community Residents Balk at Utilities Increase

The 59 percent increase in water and garbage pickup rates in New Sarepta, Alberta, Canada has some residents of the New Sarepta Mobile Home Park and the city ready to leave. A group of citizens attended the Leduc County Council meeting to request changes. Rate hikes went into effect in January due to a $70,000 […]...

29 May 2015

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Modular Homes Constructed on Tribal Land

Modular Homes Constructed on Tribal Land

Four much-needed modular duplex rental units have been added to the Lower Sioux Community housing stock for tribal member families in southwest Minnesota. Known as Lower Sioux Estates, construction of the three and four-bedroom, two bath units began in the fall of 2014 following the application in 2012. With funding from the Minnesota Finance...

29 May 2015

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Senator Elizabeth Warren Flipped Houses

Senator Elizabeth Warren Flipped Houses

According to housingwire, the Oklahoma County Property Assessor records indicate leading progressive Democrat Elizabeth Warren allegedly took advantage of a housing market transaction that many do and have done, and one she purportedly condemns—flipping houses. She purchased a home for $30,000 in Oklahoma City in he early 1990s, and five months l...

29 May 2015

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Tiny Homes for the Homeless

Tiny Homes for the Homeless

While many may think of the tiny house movement as the province of hipsters, artists and young professionals who eschew the world of McMansions and material goods, there are a number of enclaves nationwide for the chronically homeless and disabled that speak to efficiency and quality of life. Eugene, Oregon’s Opportunity Village is made up...

28 May 2015

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MHCV Outpaces the Dow; Most Tracked Stocks Gain

MHCV Outpaces the Dow; Most Tracked Stocks Gain

In the News: Oxford University has first female president in 800 years, San Francisco has the hottest luxury housing market followed by Bangalore, India, and Carl’s Jr. burgers (also known as Hardee’s) is offering a 1,000 calorie burger. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) moved up +0.63 percent, to close...

28 May 2015

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UMH Continues Expansion Plans

UMH Continues Expansion Plans

MHProNews has learned that UMH Properties, Inc. (NYSE:UMH) has purchased a 158 site manufactured home community (MHC) in northeastern Pennsylvania for $3,517,000. The all-age community is situated on 43 acres in the Marcellus and Utica Shale regions where the demand for housing is being driven by energy exploration workers. Current occupancy is...

28 May 2015

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Pending Home Sales Continue Rising

Pending Home Sales Continue Rising

The National Association of Realtors (NAR) reports that pending home sales rose again in April, 3.4 percent over March, following March’s increase of 11 percent over March 2014. April’s rise was 14 percent year-over-year, the highest level since 2006, says realtor. NAR’s chief economist Lawrence Yun remarks about today’s...

28 May 2015

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Featured Articles and Reports - April 2015 Vol. 6 No. 8

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The Language Of Rentals

The Language Of Rentals

by Bill Dahlin, JD Many states, including, for example, California, have statutory schemes where the language of a consumer contract is addressed. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Yes, You Can! - Marketing Your Community the Fair Housing Way

Yes, You Can! - Marketing Your Community the Fair Housing Way

by Nadeen Green, JD One of my blog mentors recently suggested to me that I break from the tradition often followed by those of us who teach fair housing. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Rules for Innovation—Part 2

The Rules for Innovation—Part 2

by Bob Vahsholtz American housing innovation has been on a back burner for a century—except for a short period after WWII. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

MH Image and Education Campaign - Open Letter to the Manufactured and Modu…

MH Image and Education Campaign -  Open Letter to the Manufactured and Modular Home Industry

by John Bostick Exclusive announcement to the industry via MHProNews.com, re: Manufactured and Modular Home (MH) Image and Education Campaign. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Time for The Game Changer in Manufactured Housing Image and Education

Time for The Game Changer in Manufactured Housing Image and Education

by Tom Fath To: Forward Thinking MH Industry Pros and the Game Changers in Our Industry, L.A. “Tony” Kovach and Charles Drake. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Land Lease 55+ Senior Communities Opportunity

Land Lease 55+ Senior Communities Opportunity

by Steve Lefler I recently read a US News and World Report article by Tom Sightings on Yahoo entitled the “Baby Boomers Housing Trends to Watch.” NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Alternate Construction...Who Knows Why?

Alternate Construction...Who Knows Why?

by Ron D'Ambra Recently, there has been some heated and biased discussions on the purpose and theory of the Alternate Construction (AC) Standards per the HUD code 3280.14 when referenced by... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Selling More Manufactured Homes - Evan Atkinson's Leadership, PIP and You

Selling More Manufactured Homes - Evan Atkinson's Leadership, PIP and You

by L. A. 'Tony' Kovach Imagine for the next few moments someone who is a capable buyer that is home shopping. This house hunter is one of millions like him/her looking... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Partners in Progress - Agents for Positive Change - The MH Alliance

Partners in Progress - Agents for Positive Change - The MH Alliance

by L. A. 'Tony' Kovach The past 5 ½ years has been exhilarating as well as humbling. Our Manufactured and Modular Homes (MH) industry has been on a steady 5 year... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Mel and Thelma Fath

A Cup of Coffee with…Mel and Thelma Fath

1) Who, What and Where: (Your name and your formal title at New Durham Estates). Melville (President) and Thelma Fath (Secretary) at New Durham Estates, Manufactured Home Sales and New Durham Hardware. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What's Coming Soon in MH Image and Education!

What's Coming Soon in MH Image and Education!

by L. A. 'Tony' Kovach Videographer Charlie Drake and I have just returned from almost 2 weeks on the road doing the next round of videoing for Inside MH. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Get out from Behind your Desk

Get out from Behind your Desk

by Tim Connor, CSP A recent study said that only 18% of managers know what they are doing or know how to manage effectively – WOW. NSP_READMORE

MANAGEMENT

ZigOn Dieting

ZigOn Dieting

by Zig Ziglar It seems that after decades of diet, exercise, miracle potions and a host of gimmicks, many in the American public has concluded that losing weight, for them, is... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Let purpose be your touchstone

Let purpose be your touchstone

by Tim Connor, CSP Loss of purpose in sales is akin to a loss of faith or patience in your ability to perform consistently, effectively and successfully. NSP_READMORE

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Classifieds

Press Releases

RV/MH Museum Unveils Historic Shasta Exh…

RV/MH Museum Unveils Historic Shasta Exhibit

ELKHART, Ind. -- The RV/MH Hall of Fame and Museum's newest exhibit features a retrospective on the evolution of the iconic Shasta brand of travel trailers, according to Darryl Searer, president, RV/MH Hall of Fame (Hall).  The display includes a 1954 Shasta that's been in the museum's inventory for years and a 2015 reissue of a 1961 Shasta Airflyte 16sc, courtesy of Mick Ferkey, owner of Greeneway RV, Wisconsin Rapids, Wisconsin, and a member of the RV/MH Hall of Fame board of directors. While the reissue of a 1961 Shasta Airflyte 16sc has the look and style of the 1960s model, it is fully equipped with modern features and appliances, including a full bath. Searer noted, "Shasta has a rich heritage and is the industry's longest producer of RVs.  The brand has been...

the MHMSM Team 19 May 2015 Corporate Press Releases

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Dodd-Frank and Manufactured Home Financi…

Dodd-Frank and Manufactured Home Financing: The Place Where Good Intentions and Unintended Consequences Collide

"The path to home ownership lay before him, smooth and attainable as never before. All Eric Powell had to do was secure a small loan. He had a steady job, a decent credit score and a wife who happened to work for a bank: What could possibly go wrong?" WASHINGTON, D.C. -- The U.S. Senate Banking Committee will take up a measure that may determine whether millions of low- to moderate-income consumers will be able to buy or sell modestly priced homes. The Preserving Access to Manufactured Housing Act (HR 650 and S 682) addresses the unintended consequences of the Dodd-Frank Act, passed to protect consumers in the wake of the subprime mortgage crisis. According to former Congressman Barney Frank, the act's co-sponsor, Dodd-Frank was never intended to apply to manufactured housing. Yet the...

the MHMSM Team 19 May 2015 Corporate Press Releases

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10,000th home made secure and affordable…

10,000th home made secure and affordable through resident ownership movement

For Immediate Release May 1, 2015 Contact: Paul Bradley, President, ROC USA, LLC (603) 848-3254 CONCORD, N.H. — In less than seven years, ROC USA® has built on a proven strategy of resident ownership in New Hampshire manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states. ROC USA is a nonprofit social venture dedicated to making quality resident ownership of manufactured home communities (aka “mobile home parks”) possible nationwide. It works to provide democratic homeowner organizations with the opportunity, training and financing to purchase and manage their communities. Founding President Paul Bradley said ROC USA strengthens the local ownership of communities with the scaled resources and efficiencies of a national organization, coupled with the regional support of a...

the MHMSM Team 04 May 2015 Corporate Press Releases

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RV/MH Heritage Foundation Acquires Manuf…

RV/MH Heritage Foundation Acquires Manufactured Home on Display at the RV/MH Museum

ELKHART, Ind., - Thanks to several generous donations, the manufactured home on display at the RV/MH Hall of Fame and Museum in Elkhart, Indiana, is now owned by the RV/MH Heritage Foundation (Foundation), according to Foundation President Darryl Searer.  The home was originally erected and donated by Fairmont Homes for a period of one year for the purpose of showing visitors to the museum the evolution of mobile homes of the early to mid-20th century to today's modern affordable manufactured homes.  Since it was opened to the public in late 2013 it has been toured by thousands of visitors to the museum. As the clock was counting down to the end of the year when the home would have been removed by Fairmont Homes, Jim Shea, president of Fairmont Homes, offered to let the Foundation acquire...

Soheyla Kovach 01 Mar 2015 Corporate Press Releases

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FREE Educational Seminars Are Scheduled …

FREE Educational Seminars Are Scheduled for the  2015 Tunica Manufactured Housing Show!

These seminars were a major HIT at the 2015 Louisville Manufactured Housing Show. MHPros from Coast to Coast and Canada came... ...they praised the practical information for their businesses. We expanded seminar room space 30%, and still filled it! Come see why... Wednesday March 25th, 2015 Wednesday 8:30 AM to 9:45 AM. Lisa Tyler from Walden University and other MH Experts will be speaking on reasons why Realtors ®, investors, MH veterans and other housing professionals should be joining the ranks of profitably advancing America's most affordable new home construction. Opportunities in Modern MH. This will be a fast paced panel presentation, with Q&A planned. Wednesday 10 AM – 11 AM. Super-Charged Marketing! Dominate your area with savvy Marketing! Learn how to sell more homes and how MHCs can fill more vacant sites. Attract more customers with cash and good credit....

the MHMSM Team 25 Jan 2015 Corporate Press Releases

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Bill Matchneer, Dick Jennison and Ron Th…

Bill Matchneer, Dick Jennison and Ron Thomas Sr. to address Louisville Show attendees

MHProNews  has confirmed that attorney Bill Matchneer, previously with HUD and the CFPB, will be addressing the attendees of the Louisville Manufactured Housing Show. So too will Richard "Dick" Jennison, MHI's current President and CEO. MH community and street retail Hall of Famer, Ron Thomas, Sr. - who is also the Midwest Manufactured Housing Federation (MMHF) Chairman - will speak on financing and MH growth related topics, rounding out what promises to be a faced paced opening hour to the seminars on Wednesday morning. The doors will open at 8:15 AM on Wednesday at the seminar room so MH Industry professionals can network with peers and colleagues. The session featuring these three industry leaders will begin at 8:45 AM sharp. They will be introduced by one or more of the executive...

the MHMSM Team 12 Jan 2015 Corporate Press Releases

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