Archive

Author Archive

Challenges Loom for Ohio MHC Residents

June 2nd, 2017 Comments off
ChallengesLoomforOhioMHCResidentscreditWDTN-postedtothedailybusinessnewsmhpronewsmhlivingnews2

Homes in the Glen Acres community. Residents have 180 days to vacate. Credit: WDTN.

As the Ohio Manufactured Homes Association (OMHA) wages a battle in the state capital for manufactured home owners, residents of a community in Fairborn face an uncertain future.

According to WDTN, residents of the Glen Acres Mobile Home Park have been notified that they need to find a new place to call home.

Earlier this week, residents were served notices to vacate the property pending the sale of the land to the city of Fairborn “for a use other than as a manufactured mobile home park.”

The notice told residents that they have 180 days to vacate the property, and was sent by current owners McNamee & McNamee, PLL.

Obviously relocating your manufactured home and belongings will entail significant expense,” the notice read.

In order to ease that transition the City of Fairborn has agreed to provide you with $2,500 in financial assistance upon the condition that your relocation is accomplished no later than 180 days after you receive this notice.”

ChallengesLoomforOhioMHCResidentscreditWDTN-postedtothedailybusinessnewsmhpronewsmhlivingnews1

Credit: WDTN.

When questioned, the city provided their view regarding responsibility.

The city has been engaged in negotiations to purchase the park [sic] however, no deal has been finalized,” said Fairborn Assistant City Manager Michael Gebhart.

It will probably likely be September or October before we would close if everything goes through. If it does, we would make available $2,500 to each property owner to help with their move.”

While city officials and the community owners work on the details, some residents are making their feelings known.

This is not a time that I need to be worrying about where I’m going to live,” said resident Patricia Ann Collins, who says she’s dealing with being handicapped and having heart issues.

ChallengesLoomforOhioMHCResidentscreditWDTN-postedtothedailybusinessnewsmhpronewsmhlivingnews3

Resident Patricia Collins. Credit: WDTN.

At this point, it looks like I’m going to have to move into a tent.”

Having been a resident since 1986, Collins says she feels like an afterthought.

It makes me feel like anyone that lives in a mobile home [sic] is always looked down on to begin with and him not calling back makes me feel like I’m a piece of trash,” said Collins.

Another resident, who chose to remain anonymous, also pointed out an issue with some of the older homes.

You can’t relocate a 25-year-old trailer [sic]. The axle and everything underneath is too old. None of the companies around here are willing to do it.”

ChallengesLoomforOhioMHCResidentscreditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Fairborn, shaded in red. Credit: Google.

Gebhart says that it will be taxpayer money that is used to relocate resident’s homes, and that the city will not purchase the land unless residents are gone.

It’s called a mobile home [sic] for a reason. Not to be insensitive, but for us to put up $2,500 to help with that move, that’s the most we can do,” said Gebhart.

 

Terminology Matters

As Daily Business News readers are already aware, terminology matters, and the comment by Gebhart provides another example of how long standing stereotypes and misconceptions are simply regurgitated.

For example, in a recent story on the differences between mobile and manufactured homes, MHProNews asked Urbana, Ohio Fire Chief Mark Keller to clarify details on a recent home fire reported in his town.

This fire involved a true mobile home and was not a manufactured home. I do not have the age of the mobile home available right now,” Urbana Fire Chief Mark Keller told MHProNews.

Mobile homes are inherently bad with fire conditions. They’re not really designed to withhold any kind of fire.”

Chief Keller was specific, because MHProNews directly inquired about the facts of the case, which allowed MHLivingNews to properly represent the facts of that sad incident.

But how can doing that correct-the-record once or occasionally be enough in the face of the thousands of such stories being reported a year?

For more on other communities throughout the U.S. in similar circumstances, including the case of the Lowry Grove community just outside of Minneapolis, click here. ##

(Editor’s Note: An in depth report on this topic of terminology and its impact on manufactured housing was posted by RC Williams this week, and published yesterday, at this link here. Publisher’s note, don’t miss this RC Williams report and analysis, take the time to digest the link below yourself, and then share it with others.)

Schooling Public Officials, Media on Trailers, Mobile Homes, Tiny Homes, and Manufactured Homes

SchoolingPublicOfficialsOnTrailersHousesMobileHomesTinyHousesManufacturedHomesMHLivingNews

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Manufactured Home Owners Can Save Big

June 1st, 2017 Comments off
creditManufacturedhomesdirectoryVermont-postedtothedailybusinessnewsmhpronewsmhlivingnews

Vermont MHC residents are getting help. Credit: Manufactured Homes Directory.

In the state of Vermont, a critical utility is working to make life easier for manufactured home owners to save money.

According to Vermont Biz, Vermont Gas is now making it easier for homeowners to save money and reduce their energy needs with their new Manufactured Home Pilot Program.

The program is designed to identify and repair leaky air ducts and upgrade insulation in the roof and floor of manufactured homes. Older homes in particular can be inefficient, which can cause difficulty and lead to increased costs.

Vermont Gas says that these homeowners could see up to 20 percent savings on their energy bills.

I knew because of the type of home I own that it wasn’t very efficient for the environment or for my checkbook, I wanted to do something about it but wasn’t sure where to turn,” said Jodie Peck, a resident in the city of Williston.

I was surprised how helpful the free energy audit was and how easy it was to work with Vermont Gas to upgrade my home. Thanks to Vermont Gas and this program, I’m actually looking forward to winter for the first time in a long time.”

In addition to the advice, the program also offers several financial incentives to help homeowners pay for the cost of upgrades, including rebates of up to 75 percent for duct sealing, roof and belly insulation.

Residents who qualify as low-income will receive these measures at no additional cost.

creditVTDigger-postedtothedailybusinessnewsmphonewsmhlivingnews

Don Rendall. Credit: VT Digger.

We are excited to raise awareness about this important program because it will make a big difference in the lives of our customers in mobile homes [sic],” said Don Rendall, Vermont Gas President and CEO.

Our aim is simple: Be there for all our customers every day. We want our customers to know that efficiency upgrades are not too expensive for working families, and our teams are the best out there at finding opportunities for our customers to save and then working with you every step of the way to get the work done so you can be more secure in your home and start saving money right away.”

Rendall also says that the efficiency programs from Vermont Gas are nationally recognized, and save customers more than $10 million annually. ##

(Editor’s note: for a related story, read Not Your GrandFather’s Trailer House,” linked here.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

UMH’s New Acquisition, AMG’s Huge Gain, Broader Markets Hit New Records

June 1st, 2017 Comments off
Dailymarketwrap612017dowjonesindustrialaveragecreditcnnmoney-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Credit: CNN Money.

Noteworthy headlines on – CNNMoney – Trump on Paris accord: We’re getting out. Dow races to new record. Walmart workers are making deliveries on their way home. Uber is losing billions: Here’s why investors don’t care.

Some bullets from Fox Business Private sector job growth “rip-roaring” in May: ADP. Wall Street hits record highs as economy seen accelerating. Oil mixed; global crude glut drags despite big U.S. inventory draw. Farmer fined $2.8m for farming on own land.

 

9 key market indicators, per Yahoo! Finance.

 

  • S&P 500 2,430.06 18.26 (0.76%)
  • Dow JIA 21,144.18 135.53 (0.65%)
  • Nasdaq 6,246.83 48.31 (0.78%)

 

  • Crude Oil 48.03 -0.29 (-0.60%)
  • Gold 1,268.20 -7.20 (-0.56%)
  • Silver 17.28 -0.13 (-0.72%)

 

  • EUR/USD 1.1215 0.0029 (-0.25%)
  • 10-Yr Bond 2.217 0.021 (0.96%)
  • Russell 2000 1,396.06 25.85 (1.89%)

 

 

We Provide, You Decide.” ©

Dailymarketwrap612017dowjonesindustrialaveragesp500nasdaqcredityahoofinance-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Credit: Yahoo Finance.

Manufactured Housing Composite Value (MHCV) Ticker

Dailymarketwrap612017yahoomanufacturedhousingcompositevaluemanufacturedhousingindustrydailybusinessnews-mhpronews

Credit: Yahoo Finance.

 

The MH Industry – Today’s Risers and Sliders

Top risers included AMG and Patrick Industries. There were no sliders today.MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlight

Per Twst, UMH Properties has acquired an age-restricted, 63 home site community in Maryland for $4M, which it reportedly intends to expand into 170 developed homesites. UMH’s stock price was up over two percent today.

 

UMH 1 year look. Credit: Bloomberg.

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

Dailymarketwrap612017bloombergtickermanufacturedhousingindustryrelatedmarketreportdailybusinessnews-mhpronews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

ADP Jobs Report for May Released

June 1st, 2017 Comments off
creditMHProNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

The numbers are in… Credit: MHProNews.

The monthly private payroll jobs report from ADP and Moody’s Analytics was released today, and it appears that President Donald Trump’s “America First” plans are taking shape.

According to CNBC, job creation surged in May thanks to a jump in construction positions and a boom in professional and business services, up 253,000, which is significantly higher than the expectations from economists surveyed by Reuters, which projected a number of 185,000.

creditCNBC-MarkZandi-postedtothedailybusinessnewsmhpronewsmhlivingnews

Mark Zandi of Moody’s Analytics. Credit: CNBC.

The growth is three times the rate of the growth in the underlying labor force,” said Mark Zandi, chief economist at Moody’s Analytics.

So that means the unemployment rate, which is 4.4 percent, is quickly headed to 4 percent. This labor market is rip-roaring and getting really tight.”


Leading the way in jobs created was the services sector, with 205,000 new jobs, professional and business services contributing 88,000 jobs, which represents the best month for the sector in nearly three years, and education and health services adding 54,000 jobs.

The report noted that the construction sector added 37,000 jobs as the building season heats up, while manufacturing grew by 8,000 jobs and mining grew by 3,000 jobs.

creditCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNBC.

As Daily Business News readers are aware, the mining sector has been one of the cornerstones of President Trump’s agenda.

Trade, transportation and utilities added 58,000 new jobs, and franchises add 18,400 new workers.

The positive report comes at a time where economists are doubtful that the Trump administration can deliver on its goal of three percent annual GDP growth, in part because the labor market is near full employment.

The report from ADP and Moody’s Analytics are regular precursors to the nonfarm payrolls count from the Bureau of Labor Statistics (BLS).

Economists estimate that payroll growth will come in around 176,000, down from the previous month’s 211,000.

 

The Proof is in the Pudding…

BigLeaguePresidentialDealsUnderminesDCNarrativeofStrugglingTrumpAdministrationcreditWhiteHouse1-postedtothedailybusinessnewsmhpronewsmhlivingnews

The President and First Lady visit Saudi Arabia. 300 billion in deals were completed during the visit. Credit: The White House.

As the Daily Business News covered in a feature story recently, while President Trump continues to make progress, including the lowest unemployment rate in decades, and the highest consumer, business confidence, and homebuilder confidence numbers in years, along with over $300 billion in deals with Saudi Arabia, what ELS Chairman Sam Zell colorfully called a “cacophony” of Deep State resistance has moved into high gear.

Even with that Deep State resistance, NFIB President and CEO Juanita Duggan, and industry organizations like MHARR, talked about the potentially massive impact that the Trump Administration could have.

Small business owners are clearly encouraged by the election results, but now it’s time for President-elect Trump and congressional leaders to deliver,” said Duggan.

Federal taxes, regulations, and Obamacare are the three biggest impediments to running a small business in America. Small business owners have high expectations that those problems will be addressed.”

For more on President Trump’s progress, and challenges, click here. ##

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Liar! MHI report calls Gov. John Kasich, Allies Liars

June 1st, 2017 1 comment
LiarMHIreportcallsGovJohnKasichAlliesLiarscreditsMHIOMHAOMHC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Are MHI’s “Real Facts” the pot calling the kettle black? Credits: MHI, OMHA, OMHC.

In a saga that the Daily Business News has followed closely, the battle in Ohio to keep the Ohio Manufactured Homes Commission (OMHC) alive and independent has drawn a well-known name into the fray… but, are they the pot calling the kettle black?

The saga began when the Ohio Fire Chief’s Association sent a letter to lawmakers at the end of March supporting a provision in the state budget to kill the commission. The Daily Business News covered the response from the commission in a story linked here.

Commentary from the association, and the state fire marshal, was inflammatory.

30 people died in 1,208 manufactured home fires between 2012 and 2016,” said the letter from the Association.

Ohioans are 4.2 times more likely to die in a manufactured home that caught fire than a one- or two-family home,” said state Fire Marshal Larry Flowers, who cited a four-year study of state data showing there are more fatal fires in manufactured homes in Ohio than in any other surrounding state.

This commentary was then followed up with a move from Governor John Kasich’s office, as the Governor’s Executive Budget legislation included a provision seeking to eliminate the OMHC and move its duties into the Department of Commerce.

 

A Victory?

On May 2nd, the Ohio House of Representatives passed Substitute HB 49, the “State of Ohio budget bill”, restoring the Ohio Manufactured Homes Commission (OMHC), consistent with present law.

BigWinforOMHOMHCinHouseSenateVoteNextcreditsNYMAGMHProNewsReddit-postedtothedailybusinessnewmhpronewsmhlivingnews

Credits: Reddit, NY Mag, MHProNews/OMHA.

As the bill is being debated in the Senate, the Ohio Manufactured Home Association (OMHA), along with other organizations and manufactured home residents, have been proactively making their case.

They have also gained support from a familiar name – the Manufactured Housing Institute (MHI.)

 

Engaged Or Just Late to the Party? 

In a report from MHI, they addressed the situation in Ohio.

MHInoReportersJournalistsSignManufacturedHousingInstituteMHILogoPhotoByManufacturedHousingIndustryDailyBusinessNewsMHProNews

MHI meetings are closed to journalists and reporters, even pro-industry trade reporters. Why? Photo credit, MHProNews, MHI logo is that organization’s intellectual property.

A provision in Governor John Kasich’s budget sought to eliminate the Ohio Manufactured Homes Commission by burying its functions somewhere in the Buckeye bureaucracy. Following extensive hearings on the topic and hard work by OMHA, Ohio’s House of Representatives voted to remove the provision,” said the report.

The Kasich Administration has now moved the battle to the Senate where they are attempting to have the provision reinserted. Sadly, Governor Kasich and his allies are resorting to half-truths, old stereotypes and outright lies in an attempt to get traction for their ill-advised position.”

The report then cited the actions of OMHA Executive Director Tim Williams during the process.

The Kasich Administration is making up its own alternative facts to scare people into thinking there is a problem,” said Williams in a statement.

Then, MHI made a statement that’s sure to raise the ire of many in the industry.

MHI lent its public relations support to help with local media as well as press releases with OMHA about the real facts.”

 

Real Facts? Pot, Meet Kettle

mharr logo

Credit: MHARR.

While MHI makes the claim of providing PR support about the real facts, industry outlets and advocacy organizations including MHARR, MHProNews and MHLivingNews have been actively engaged with OMHA since the beginning of the battle with Governor Kasich’s office.mhpronewslogoindustrynewstipsviewsproscanuse

This is a “real fact” that MHI fails to mention.

In an exclusive discussion with MHProNews on May 19th, OMHA Executive Tim Williams explained why the battle taking place in Ohio is important for the industry as a whole.

tim williams exev vp ohio mfg homes assoc

Tim Williams, OMHA.

When our homes and their superior building and fire safety are misrepresented it hurts our businesses and residents. We must always stand up for the truth about the affordability and superior fire safety of manufactured homes for our customers and industry,” said Williams.

The truth always matters. We must never let others define us with false representations. We provide the most affordable, quality and safest homes of any sort today. The world needs to know that. Our opponents can have their opinions but they are never entitled to their own set of facts.”

For more on the battle in Ohio, click here.

MHProNews and MHLivingNews will continue to monitor this story, and lead the charge supporting the industry, wherever and whenever the need arises. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNewsalways have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Proposed Manufactured Home Community Faces Hurdles

June 1st, 2017 Comments off
ProposedManufacturedHomeCommunityFacesHurdlescreditRealtor-postedtothedailybusinessnewsmhpronewsmhlivingnews

An unrelated manufactured home. Credit: Realtor.

In a Washington State community, NIMBY is raising its head.

According to the Sequim Gazette, a proposed gated 55 and over manufactured home community, is drawing the ire of Carlsborg residents.

The group, which cites environmental and traffic impacts, says that it has collected 163 signatures on a petition, hoping to delay the project or kill it all together. A hearing on the property is scheduled for today, where community residents will be able to share their concerns.

Clallam County Senior Planner Donella Clark recommended approving the project, with a number of mandates and recommendations ranging from widening the road the community will be on, to installing berms to blend the property in with the neighborhood.

Chris Anderson, owner of CA Homes Inc., says that he intends to build a total of 73 manufactured homes, called CA Homes Mobile Home Park, in three phases over three years.

If I can get it approved, the first phase would include 42-43 homes,” said Anderson.

This is my first foray into modular [sic] homes in my 28-year career.”

Anderson says that when he began operating his business, he was building higher end homes, but when the recession hit, he switched to affordable housing.

And, he sees a huge opportunity in Carlsborg.

There’s a lack of senior living here,” said Anderson.

We’re a retirement community and almost 70 percent of our clientele are retired. There aren’t solutions readily available to them.”

The homes would range from 1200 to 1700 square feet, and sell for between $125,000 to $150,000.

NIMBY Rises

Neighbors who are around the project site say they learned about it from a sign posted on the property earlier this month.

ProposedManufacturedHomeCommunityFacesHurdlescreditSequimGazette-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit Sequim Gazette.

There’s a perception (by neighbors) that some of the laws have not been followed closely so I think it’s fair for us to point out those discrepancies,” said area resident Charles Meyer.

The more we got looking (at recent planning documents), the more unbelievably inaccurate everything was,” said area resident Debra Stevens, a retired city planner.

Neighbors say that Anderson’s State Environmental Policy Act application is inaccurate, because it doesn’t have up-to-date information on the property.

In Anderson’s application, he states an environmental review for a 21-lot subdivision was completed by the previous owner Tony Glavin in May 2007, which reviewed and agreed upon a study in February 1995 because no development had occurred.

ProposedManufacturedHomeCommunityFacesHurdlescreditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Google.

As of this week, the county says that neighbors have submitted more than 40 comments to the county’s Department of Community Development.

Anderson says that he’s worked closely with Clallam County and other agencies to follow their recommendations.

I understand the neighbors aren’t happy with it,” said Anderson.

I’ve accepted phone calls from people who have called me directly. Neighbors all got to do what they wanted to do on their properties, but I understand I’m not going to make everyone happy.”

In most instances, inaccurate information and misconceptions about manufactured housing communities lead to cases of NIMBY (Not-In-My-Back-Yard).

As Daily Business News readers are aware, stories pitting developers against residents have been in the news recently, including the case of a proposed MHC in Iberia Parish, Louisiana.

Also, there are instances of “backdoor NIMBY,” where politicians–and the residents who re-elect them–seem to know that developments bring more tax revenue than manufactured home communities, as most recently shown in Palm Beach County, Florida. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Case-Shiller Numbers Release make Case for Manufactured Housing

May 31st, 2017 Comments off
CaseShillerHomePriceNumbersReleasedcreditMHProNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

The latest numbers support the argument that manufactured housing is the answer. Credit: MHProNews.

New numbers released from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index this week, show a 5.8 percent annual gain in March, up from 5.7 percent in February.

The numbers represent a 33-month high.

According to Builder, Seattle, Portland, and Dallas reported the highest year-over-year gains among the 20 cities measured. Seattle led the way with a 12.3 percent year-over-year price increase, followed by Portland coming in at 9.2 percent, and Dallas finished with an 8.6 percent increase.

Home prices continue rising with the S&P CoreLogic Case -Shiller National Index up 5.8 percent in the year ended March, the fastest pace in almost three years,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.

While there is some regional variation, prices are rising across the U.S. Half of the 20 cities tracked by the S&P CoreLogic Case-Shiller indices rose more than 6 percent from March 2016 to March 2017. The smallest gain of 4.1 percent, in New York, was roughly double the rate of inflation.”

CaseShillerHomePriceNumbersReleasedcreditBuilder1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Builder.

Prior to seasonal adjustments, the National Index posted a month-over-month gain of 0.8 percent in March, and after seasonal adjustment, the number showed a 0.3 percent month-over-month increase.

Sales of both new and existing homes, housing starts and the National Association of Home Builders’ sentiment index are all trending higher. Over the last year, analysts suggested that one factor pushing prices higher was the unusually low inventory of homes for sale. People are staying in their homes longer rather than selling and trading up,” said Blitzer.

If mortgage rates, currently near 4 percent, rise further, this could deter more people from selling and keep pressure on inventories and prices. While prices cannot rise indefinitely, there is no way to tell when rising prices and mortgage rates will force a slowdown in housing.”

CaseShillerHomePriceNumbersReleasedcreditBuilder2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Builder.

 

The Impact… and the Opportunity 

Blitzer’s comment regarding home prices and pressure on inventories presents an interesting scenario.

Numbers from the National Association of Realtors (NAR) last week showed existing homes stayed on the market for less time in April than in any month since 2011, but tight inventory drove a decline in existing home sales over March’s record pace.

Demand from buyers is still far exceeding the available supply, leading to both the decline in existing home sales and the fact that homes are flying off the market,” said Lawrence Yun, NAR’s chief economist.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase.”

Yun continued, focused on the root of the issue.

Realtors continue to voice the frustration their clients are experiencing because of the insufficient number of homes for sale,” said Yun.

Homes in the lower- and mid-market price range are hard to find in most markets, and when one is listed for sale, interest is immediate and multiple offers are nudging the eventual sales prices higher.”

The challenges referenced by Yun show a site built housing market that is, by all accounts, upside down. Demand for affordable housing is outstripping supply, keeping those who would otherwise be able to realize the dream of home ownership from doing so.

Customers quickly discover that when home shoppers give a good, careful look at today’s residential style manufactured and modular homes, many are saying ‘yes.’

With interest rates rising, and more cities considering or being urged to accept manufactured homes as infill, the manufactured home industry’s opportunities are rising.

As the Daily Business News has covered, the Manufactured Housing Association for Regulatory Reform has made similar points, and is calling for a full implementation of the law – notably the Manufactured Housing Improvement Act of 2000 (MHIA 2000) – as a key way to fuel more industry sales to meet the demands of an affordable home-hungry public. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReport

UMH in the Spotlight, Tricon Capital Soars, MHCV, Broader Markets End Day Lower

May 31st, 2017 Comments off
Dailymarketwrap5312017dowjonesindustrialaveragecreditcnnmoney-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Credit: CNN Money.

Noteworthy headlines on – CNNMoney – Assange looking to guest host Hannity’s radio program. EpiPen maker blasted for paying top exec $98M. New York City to cut Wells Fargo from future business. CNN fires Kathy Griffin over gory Trump photo.

Some bullets from Fox Business As economy continues to expand, inflation pressure still muted. Dakota Access pipeline set to begin shipping Thursday. Aetna to move Connecticut headquarters after more than 150 years. United faces $435K fine for flying plane that wasn’t airworthy, FAA says.

 

9 key market indicators, per Yahoo! Finance.

 

  • S&P 500 2,411.80 -1.11 (-0.05%)
  • Dow JIA 21,008.65 -20.82 (-0.10%)
  • Nasdaq 6,198.52 -4.67 (-0.08%)

 

  • Crude Oil 48.68 -0.98 (-1.97%)
  • Gold 1,271.40 5.70 (0.45%)
  • Silver 17.32 -0.11 (-0.64%)

 

  • EUR/USD 1.1246 0.0065 (0.58%)
  • 10-Yr Bond 21962 -0.021 (-0.95%)
  • Russell 2000 1,370.21 -0.99 (-0.07%)

 

 

We Provide, You Decide.” ©

Dailymarketwrap5312017dowjonesindustrialaveragesp500nasdaqcredityahoofinance-manufacturedhousingindustrymarketsreportdailybusinessnewsmhpronews

Credit: Yahoo Finance.

Manufactured Housing Composite Value (MHCV) Ticker

 

Dailymarketwrap5312017yahoomanufacturedhousingcompositevaluemanufacturedhousingindustrydailybusinessnews-mhpronews

Credit: Yahoo Finance.

The MH Industry – Today’s Risers and Sliders

Top risers included LCI Industries and Tricon Capital Group. UMH Properties and Skyline led the sliders today.MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlight

According to Barchart, even with today’s dip, UMH hit a new 52-week high yesterday, and analysts indicate low risk for the company, which now has a market cap of $547.46 million.

UMH 1 year view. Credit: Bloomberg.

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

Dailymarketwrap5312017bloombergtickermanufacturedhousingindustryrelatedmarketreportdailybusinessnews-mhpronews

Graphic credit, Bloomberg Ticker for Daily Business News Manufactured Housing Industry Connected Stock Market Report, MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Another Manufactured Home Community Hit by Disaster

May 31st, 2017 Comments off

An unrelated home in Olalla, British Columbia, Canada. Credit: Mitula.

In Olalla, British Columbia, Canada, a 55 and over manufactured home community finds itself suffering from the effects of flooding.

And, some residents say that the issue stems from lack of attention.

We’d be spared from flooding if they dredged that creek,” said resident Margaret Munn. Munn, along with other residents, feel the provincial government should do more to protect them.

According to Global News CA, resident Jim Stewart was forced to trek through his neighbor’s yard and climb through a fence to access his flooded home. Due to the flooding, he’s been put up at a hotel for the next week thanks to area emergency services.

The community also sits on a flood plain… and residents say this is unlike anything they’ve ever seen before.

A few of these mobile homes [sic] are wrecked right now, we’ve had it, they are flooded right out,” said Stewart.

The high water has flooded at least four mobile homes [sic].”

With the flooding, residents are having to decide whether to stay or go.

Mom called me up hysterically that the driveway is under water,” said resident Jamie Walker, who expressed concern about the well being of his 60-year-old mother.

It’s just the worry that the water is going to encroach on further property and create damage and more headaches.”

creditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Olalla (red marker). Credit: Google.

Elef Christensen, representative and Area G Director for the area, pointed to heat as the culprit.

The snow is melting up in Apex and it’s coming down to Keremeos Creek,” said Christensen.

Christensen did not provide a timeline for cleanup, next steps, or additional resources for the community residents.

 

Flooding Impacts on Manufactured Home Communities

The Daily Business News has covered scenarios similar to the one in Olalla, British Columbia recently, including the case of Riviera Estates in Eagle, Idaho, where officials were working to pump water out of the community’s shed pumps, which provide potable water to residents.

According to KBOI, residents were forced to evacuate due to floodwaters that initially spread two to three feet, then several more feet in the span of one day.

They’re going to still have to release more water, more water means deeper flood water,” said J.R. Schooley, who is working with a family to move out of the community.

Deeper flood water means there’s a point where you can’t get out of here and that’s what we worry about the most, you get to a point where it’s two, three feet deep.”

For more on manufactured home communities dealing with the effects of flooding, including those at the Balls Ferry Fishing Resort and Mobile Home Park in Anderson, California, click here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Manufactured Homes Repurposed in Costly Housing Market

May 31st, 2017 Comments off
creditPressDemocrat-postedtothedailybusinessnewsmhpronewsmhlivingnews

An unrelated manufactured home in Sonoma County, California. Quality and affordability are keys to housing those in need. Credit: Press Democrat.

In a story that the Daily Business News originally covered here, the Village Mobile Home Park in Sebastopol, California is going to help provide housing to those who are at risk of, or are already, homeless.

Back in March, the city committed to invest $258,000 into the project to create a mix of affordable manufactured homes and apartments.

According to the Press Democrat, the community was purchased by the city 10 years ago, and has partially emptied out over time as the adjoining Laguna de Santa Rosa campground was closed and converted to parkland, with the intention the remainder of the property eventually be turned over to recreational use, as well.

But an agreement between the city of Sebastopol and the non-profit agency West County Community Services will utilize the community to provide housing to between eight and 12 additional people and families who are in need.

West County Community Services has also committed to provide a case manager and support services to any current or new residents who want help learning to manage and stabilize their lives, connecting them with treatment, health services or food programs.

CityInvestsinManufacturedHomesforAffordable HousingcreditSonomaWest-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Sonoma West.

The idea, of course, is to help them move up and onward,” said Tim Miller, executive director of West County Community Services.

But they can stay as long as they want.”

But, even with the dollar committed, the project will still be dependent on the ability and willingness of charitable residents to donate eight usable manufactured homes, although four units have already been acquired.

Organizers say they are hoping for the donation of a used construction unit that can be employed as a classroom, social service office and meeting place for the community.

Then there are the challenges facing the city.

The loss of campground revenue and diminished manufactured home occupancy forced the city to operate the community at a deficit approaching $75,000 a year, mostly for site and property management, while considering future options.

Even so, city officials have increasingly been reluctant to do anything that would eliminate a local source of low-cost housing that has no emergency shelter, and happens to be one of the most expensive places to live in the country.

sebastopolcacreditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Google.

The new plan is a win-win,” said Gale Brownell, a longtime Sonoma County housing advocate and member of the Group of Advocates in west Sonoma County.

While Brownell was instrumental in bringing the players together to develop the plan for Village Mobile Home Park, she gives credit to a Sebastopol woman named Darrin Batch, a regular at City Council meetings, and well-informed about city policies and budgeting.

She thought that was a terrible thing, given the fact that people were homeless,” said Brownell.

Currently, 65 people currently reside in the 18 home community.

And for 48-year resident Marjorie Wallace, age 90, knowing that there’s some stability is a huge relief.

Two of her sons, now in their late 50s, live with her. A third, who has cancer, is with her as well.

All are partly dependent on my Social Security income, so the uncertainty about what would happen if the park closed has been profound,” said Wallace.

For more on manufactured housing providing quality, viable solutions for those in need, including recent cases in Hawaii and British Columbia, Canada, click here and here. ##

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)