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News and Commentary
Modular Home Business Giving Away Land
-- WCSH6.com. - Sun 01/04/09 10:51:44 am --
The recession has had a profound impact on the housing market. The sales of new homes are the slowest in years. So a business in Waldoboro has decided to give land away. Maine Modular Homes is offering house lots to six home buyers. Owners Scot Gov and Karl Pitcher say the two-acre lots are in two small subdivisions in Waldoboro. The men say those lots haven't been selling and few people have c...

Are Home Prices Still Too High?
-- Seeking Alpha - Sun 01/04/09 10:43:13 am --
The Wall Street Journal, in “Home Prices Declined at Record Pace in October”, reports that the Standard & Poor’s/Case-Shiller home price index fell 2.2% month over month and 18% year over year for October. Some of the metropolitan areas fell more than 30% year over year. Prices peaked in mid 2006, but are still 58% above early 2000. The value of homes to a large extent depends on where consumer...

Where is the Weight?
-- by George Porter - Sat 01/03/09 07:49:44 pm --
The total weight of a 1500 sq/ft home (roof load, floor load, and structure) is around 130,000 Lbs.  If that was evenly distributed around the home then it would not be too hard to figure out pier placement and footing size.  Unfortunately it is not, that would be too easy.  These homes ar...

Containers Manufactured For Housing
-- inhabitat - Fri 01/02/09 10:42:05 pm --
Shipping containers have become a popular choice for prefab construction due to their structural stability and ability to provide a quick frame for a building– not to mention the excess supply of them in shipping yards around the country. The designers using them are taking a wasted resource and upcycling them to give them a useful life as a home–which is also hopefully affordable. Putting it blun...

The Secret to Closing More Sales in This Buyers Market...
-- It's NOT the Same Old Strategies - Fri 01/02/09 09:57:14 pm --
With home sales down nation-wide, your business may seem to be in danger. Dont panic! because your not alone. The secret to closing more sales in this buyers market is simple. More prospects! Yet, in today's environment it is not practical to compete for the limited number of prospects available with the same old strategies. Gone are the days when you could afford to sit back and wait fo...

Sun Communities Declares Fourth Quarter 2008 Dividend
-- PRNewswire - Fri 01/02/09 08:45:55 pm --
SOUTHFIELD, Mich., Jan. 2 /PRNewswire-FirstCall/ -- Sun Communities, Inc. (NYSE: SUI), a real estate investment trust (REIT) that owns and operates manufactured housing communities, today announced its Board of Directors declared a quarterly dividend of $0.63 per share for the f...

What Home Buyers Want
-- Costal Persuasion - Thu 01/01/09 09:03:27 am --
What's In Home buyers. Buyers rule and they know it. With swelling inventories in the housing market, they are looking for newly updated kitchens and baths, pristine condition and a perception of value. Short Sales. Home owners who are overextended financially are increasingly looking to their mortgage holders to accept less than is owed on their property. Some mortgagees will wil...

How to Evaluate a Mobile Home Park by the Grass
-- by Frank Rolfe - Thu 01/01/09 08:48:31 am --
Of all the barometers of park performance, from a profit and loss statement to the annual license renewal, one of the crudest and simplest is the fine art of analyzing grass. Because you can tell a lot about a mobile home park just from looking at the grass.  ...

Mortgage rates fall to third straight record low
-- Oakland Press - Thu 01/01/09 08:31:35 am --
Rates on 30-year mortgages fell to a record low for the third straight week ...sending new applications soaring...Low rates are a great opportunity for borrowers with solid credit and plenty of equity in their homes...More than 80 percent of applications came from borrowers looking to refinance at more affordable rates...

Economic downturn drives more to mobile homes
-- Muskogee Daily Phoenix - Thu 01/01/09 08:23:48 am --
Area mobile home communities and dealers say they’re seeing more business traffic this year. At the same time, ...Rodney David, president of The Home Store, reported a 10 percent increase in sales...Robin Henry, regional manager for Stone Mobile Homes... said several factors could attract people to manufactured homes, and cost is definitely one of them....

Manufactured home builder will see renewed effort in new year
-- Keremeos Review - Thu 01/01/09 08:13:58 am --
A new manufactured home builder, Home Delivery, opened their doors in Okanagan Falls in late fall of 2007...The company was forced to lay off its hourly employees - a total of 35 workers - about seven weeks ago due to unspecified problems. The market is still there.... we are going to be starting up again, slowly, in the new year, said Home Delivery President Marten Kroes. We have a substant...

Defer Taxes on a Real Estate Sale with a 1031 Exchange:
-- Most Common Questions - Tue 12/30/08 11:59:17 am --
HOW SHOULD MY CLIENT BEGIN THE EXCHANGE PROCESS? Your client must first select a Qualified Intermediary ("QI") to facilitate the exchange. A QI is a professional company that specializes in processing 1031 exchanges. The QI's services must be retained prior to the closing of the exisiting property. Waiting until after the closing will be too late! The QI is hired to prepare the exchange docu...

Palm Harbor Homes Receives Notification from Floor Plan Lender
-- Business Wire - Tue 12/30/08 11:49:03 am --
DALLAS--(BUSINESS WIRE)--Palm Harbor Homes, Inc. today announced that it has been notified by Textron Financial Corporation (TFC), the Company’s floor plan lender, that Textron Inc. has approved a plan to sell all of TFC’s commercial financial business through a combination of orderly liquidation and selected sale...

REPO LIQIDATION IN PROGRESS - BID NOW !!
-- Wholesale Opportunities with financing - Tue 12/30/08 11:22:34 am --
NOW IS THE TIME TO BUY!!! Public Sale ...purchase homes at prices that we have not seen in years and may never see again... LET THE BANKS PROBELM BE YOUR GOOD LUCK.. find the house of your dreams right here..many of the same amenities found in a new home but the price is significantly less. Als see Buyers Market... Prices better than ever in recent history... ... ...

Where is the Best Place to Sell Mobile Homes On Line?
-- Ten Thousand Visitors A Day - Tue 12/30/08 11:13:02 am --
Attn: Private Home Sellers and Business Participants Considering the number of sales that are being made on-line, the question is NOT should you put your homes for sale on line?, but which site Free listings to Dealers, Brokers, Builders, Park Owners and Finance Companies that advertise several homes for sale. Fill Out the short form here to find out just how effective internet marketing can be...

Selling Really Old Mobile Homes
-- by Dan Freeman - Tue 12/30/08 10:37:31 am --
All manufactured homes in the U.S. built since 1976 must comply with the Federal Manufactured Home (HUD) Construction and Safety Standards. Homes built PRIOR to the code are very difficult to get financing for because the building standards were on a state by state basi...

Fleetwood Announces Shares to be Traded Over the Counter; Provides Update on Restructuring Moves
-- PRNewswire - Tue 12/30/08 10:01:29 am --
Low Market Capitalization Led to NYSE Delisting Action - RIVERSIDE, Calif., Dec. 29 /PRNewswire/ --Fleetwood Enterprises, Inc. has been notified by the NYSE Regulation, Inc. that it is not in compliance with the New York Stock Exchange (NYSE) continued listing standard that requires a list...

SUCCESSFUL STRATEGIES FOR PARK-OWNED HOME FINANCING IN MOBILE HOME PARKS
-- by Dave Reynolds - Mon 12/29/08 11:42:58 am --
When you sell a mobile home in your mobile home park, you step into the same shoes as the big mortgage companies - only you can do a much...

Time to do something about a MH Roof ? You have a lot of choices today
-- Modern Manufactured Housing Renovation - Sun 12/28/08 12:49:00 pm --
You've got a lot of new choices today for manufactured home roof replacement. New engineered shingles are made to look like cedar or tile. Even metal roofs, the old standby for barns, have made a comeback with new colors, styles, and 50 year maintenance-free life expectancy. If your thinking about putting a second layer of shingles over an existing shingle roof, most of the newer homes can tak...

Alternative Mobile Home Park Financing
-- by Steve Murden - Sun 12/28/08 12:43:23 pm --
In this environment of tight lending practices and a limited variety of funding sources for mobile home parks, we are beginning to see some lenders fill in where traditional financing has fallen off.  These lenders are both banks seeing an opportunity and investment funds recognizing the strong cash flows in mobile home parks.  With higher CAP rates and...

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