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$170 Million Manufactured Home Community Acquisition by Giant RHP Properties, 17 MHCs, Now 25 States

March 7th, 2019 Comments off

 

$170MillionManufacturedHomeCommunityAcquistionByGiantRHPProperties17MHCsNow25StatesDailyBusinessNewsMHProNews600

Last year, growing RHP Properties expanded their portfolio, but the giant manufactured home community (MHC) operation is doing even more buying in 2019.

 

On Sept. 10, 2018, RHP Properties – which says they have the nation’s largest privately-owned portfolio of manufactured home communities (MHC) – announced that they had acquired Shady Park. That MHC has 304 home sites, and is located in Selbyville, DE.

In an announcement on March 16, 2018, RHP Properties, told the Daily Business News on MHProNews that the firm acquired Brookside Country Club. That land-lease community has 421 home sites and is located in El Monte, California.

2018Top50ManufacturedHomeCommunitiesListNotMObileHomeParksNCCNationalCommunitiesCouncilManufacturedHousingInsttitueDailyBusinessNewsMHProNEws

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But earlier this week, one of the largest operations of its kind in the manufactured home community sector – per the National Communities Council data posted above – announced an even larger move.

 

 

RossPatrichCEORHPPropertiesGreaterDetroitDailyBusinessNewsMHProNews

 

Per the firm’s release, RHP “Expands into Wisconsin/Portfolio Now Includes 25 States.”

FARMINGTON HILLS, Mich., March 4, 2019. RHP Properties, the nation’s largest privately held owner and operator of manufactured home communities, has announced the acquisition of 17 manufactured home communities in five states containing 3,177 sites — including its first communities in Wisconsin — bringing the company’s total of manufactured home communities to 254 nationwide.  The announcement was made by Ross H. Partrich, CEO, RHP Properties.

With these purchases, RHP Properties now owns and operates the following communities:

  • Arizona: Crescent Manor in Tucson
  • Colorado: Crestline Manor and Lamplighter in Colorado Springs
  • Indiana: Island Grove in DeMotte
  • Pennsylvania: Redwood Estates in Oakdale; Virginia Hills in Imperial; and Washington Estates and Washington Estates II in Washington
  • Wisconsin: City View in Kenosha; Wheatland Estates in Burlington; Lincoln Park in West Allis; Village Terrace and Back Acres in Johnson Creek; Hickory Lane in Little Chute; Evergreen Villa in Stevens Point; Lazy Acres in Wausau; and Whispering Pines in Merrill.

RHP Properties is pleased to announce the purchase of these high-quality manufactured home communities, including expanding our company profile into the state of Wisconsin,” said Partrich. “With a strong start to 2019, we look forward to continued growth and opportunities throughout the year. As the need for affordable housing continues in the United States, we are proud to offer high quality homes, become active members of these communities and provide our 30 years of stable management and ownership experience to our residents.”

With these acquisitions, RHP Properties now owns and operates 254 manufactured home communities totaling more than 63,659 home sites.

About RHP Properties, Inc.

Founded in 1988, RHP Properties is the nation’s largest privately held owner and operator of manufactured home communities with managed assets of $3.8B, including 254 manufactured home communities nationwide, totaling about 63,659 homes in 25 states. Headquartered in Farmington Hills, Michigan, RHP Properties employs more than 950 professionals.

— end of RHP media release to MHProNews

It’s a big, bold move that has the industry’s largest privately owned communities portfolio advancing even closer to the site-count of Sun Communities (SUI) and Equity LifeStyle Properties (ELS).  Other recent community sector related reports are further below the byline, industry head-line email news and other offers, plus our notices.

 

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“Billion Dollar Empire Made From Mobile Homes,” What Washington Post’s Peter Whoriskey Didn’t Report

Manufactured Housing’s Top 10, March 2019

 

In Manufactured Home Marketing, Size and Results Matter!

 

 

 

 

 

 

 

 

 

 

 

 

“THE ILLUSION OF MOTION VERSUS REAL-WORLD CHALLENGES” – Spotlighted by Manufactured Home Industry Leader

January 23rd, 2019 Comments off

 

IllusionMotionVsRealWorldChallengesSpotlightedByManufacturedHomeIndustryLeaderMHARRDailyBusinessNewsMHProNews

Motion – or, more accurately, activity – in and of itself, is not necessarily synonymous with, or equivalent to, real progress, or, in fact, any progress at all…”

 

“…Recent reports emerging from elsewhere within the universe of organizations representing the manufactured housing industry paint a uniformly rosy picture of almost non-stop engagement, dialogue, meetings, conferences, photo-opportunities (presumably to prove the reality of the supposed engagement, dialogue, meetings and conferences) and other related confabs, particularly at the national level.

This “good news” all the time meme, in turn, is replicated, repeated and touted by those who, for whatever reason, have determined that it is to their advantage to do so. Indeed, an entire new publication has appeared with the apparent mission of wet-nursing this meme.

Meanwhile, others touting and promoting the new meme, urge industry-wide “boycotts” – the intellectual equivalent of book-burning — of anyone who dares question the legitimacy of the meme, or the possible motives of some of its proponents...”

See the entire commentary and analysis, at this link here.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Manufactured Housing Institute’s Three Stooges? SECO ‘Leaders’ George F. Allen, Spencer Roane, Tom Lackey and ‘Rent to Own’ Scams?

 

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

Mayor Sounds Off on UMH Properties – Data, Documents, & More

October 30th, 2018 Comments off

ColumbiaTNMayorSoundsOffUMHPropertiesDailyBusinessNewsMHProNews

Mayor Dean Dickey of Columbia, Tennessee was asked to comment via video about Countryside Village location of UMH Properties.

 

As a housekeeping note for this report, recent data and information from UMH Properties (UMH) will be laced between some other commentary which may not be directly related to the slide/illustration shown.

 

 

The video comment by Mayor Dickery are pleasant, but frankly it isn’t compelling dialogue.  The video is grainy, so the Daily Business News on MHProNews shrank the image to make it appear better. Full size, it is not very clear, which may reduce its impact for possible viewers.

 

 

That said, the idea to ask a mayor for comments can be prudent. Done professionally, it can be powerful.  This UMH video thus provided a ‘compare and contrast’ ‘teachable moment’ opportunity that public officials can be asked for statements, but also reveals how that can best be done. An example of how that is accomplished is found on MHLivingNews, and is also shown in the video below. Compare the two videos, and then push onto the latest UMH data.

 

 

These videos provide a backdrop to new data, documents, and images from UMH Properties, one of the largest manufactured home community operators in the U.S.  The video below is from their 50th anniversary annual meeting last year.

 

 

UMH is headquartered in a state that is not currently too manufactured housing friendly. Most of UMH’s locations are in other states. With a GOP contender Bob Hugin in surprisingly in striking distance in the deep blue “Garden State” of a scandal-ridden Senator Bob Menendez (NJ-D), this is also a reminder that the midterms are the time to vote for pro-business, pro-growth politicos.

 

2UMHLogoCommunityCollageIRPresentationSept2018DailyBusinessNewsMHProNews

The right zoning, finance, and other placement policies in New Jersey – and the other 49 states – could open up a number of new home sales options in a state that has outrageously high housing costs.

 

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Sam Landy, JD, president and CEO of UMH Properties (UMH) has taken an interesting view when local media has come after his company for this or that reason.

 

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Landy has said they welcome the media oversight.

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That’s an arguably refreshing view, compared to the silence that often comes from the Manufactured Housing Institute (MHI) when a post-production issue is called into question.

5FavorableHousingTrendsPresentationDailyBusinessNewsMHProNews6UMHPropertiesPorfolioLocationSnapshotIRpresentationDailyBusinessNewsManufacturedHomeCommunitiesIndustryMHProNews

 

Landy has also stood up against rent control, see that, linked here.

 

7UMHPropertiesPorfolioOccupancyByLocationsIRpresentationDailyBusinessNewsManufacturedHomeCommunitiesIndustryMHProNews

Speaking of post-production, a call from a legal operation today that came to MHProNews may signal a new legal issue over the horizon.  MHI was mentioned as part of that inbound phone conversation.  As information develops, and that may take time, the industry’s pros will want to know.  If you aren’t already on our industry-leading emailed news list, click here to sign up free in seconds.

 

8UMHPropertiesRentalCapacityByStateIRpresentationDailyBusinessNewsManufacturedHomeCommunitiesIndustryMHProNews9UMHPropertiesPortfolioGrowthIRPresentationDailyBusinessNewsManufacturedHomeCommunitiesIndustryMHProNews

The UMH data is useful not only to investors, but to other industry professionals for a variety of reasons.

 

1oUMHPropertiesSamePropertyNetOperatingIncomeGrowthIRPresentationDailyBusinessNewsManufacturedHomeCommunitiesIndustryMHProNews

It is also a reminder that while occupancy for manufactured home communities is rising – not only at UMH, but nationally too – it foreshadows a coming ‘wall’ for producers, if the industry’s leaders fail to address the numerous SWOT issues that MHProNews and/or the Manufactured Housing Association for Regulatory Reform (MHARR) have raised for years.

11UMHPropertiesRentalUnitIncomeIRPresentationDailyBusinessNewsManufacturedHomeCommunitiesIndustryMHProNews

 

Some of these topics are not raised by other in industry trade media. Why not?  Is it because it would prove embarrassing for the Manufactured Housing Institute (MHI), which other publishers are often paid mouth-pieces for – via ads or other gimmies?

 

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Speaking of MHI, almost a week has gone by since MHARR published an update from HUD about an issue that MHI was also advised of by HUD.  Why didn’t MHI email their own members?  They’ve sent out other messages, why not on this topic of interest to retailers and communities?  ICYMI, or need a refresher, see the linked report, below.

 

HUD “Clarification” on Frost-Free IB Offers More Questions and Confusion Than Answers

 

The potential for growth in manufactured housing is nothing short of astonishing.  But so long as short sighted, gutless, red-herring, fig-leaf, and/or manipulative strategies are in place that harm smaller firms to the long-term gain of ‘big boy’ producers, the industry will remain limited.

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That’s avoidable for individual firms. As UMH President Landy has said to MHProNews, it is up to individual companies to do their own marketing and sales.

 

 

The video above opens with a UMH community manager, who praised the energy and insight brought to this industry by our publisher.

As a disclosure, the data from UMH hereby presented are not a specific recommendation.  The screen captures shown are some key points, but the entire IR presentation is located at this link here as a download. We hold no position in UMH, or other companies that are among the tracked stocks presented each business day’s evening.

The closing numbers on UMH, as well as all other manufactured home communities, and manufactured industry, tracked stocks are found at this link here.  The closing ticker graphic shows the 52 week trend, and the daily moves can be monitored nightly in our exclusive reports.

That’s pro-manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

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Related Reports:

UMH President and CEO, Sam Landy on Rent Control, Manufactured Home Communities

 

Hundreds of New Manufactured Home Communities Opened, But How Many Have Closed? Industry Research Result$

 

SWOT – Threats to Manufactured Home Communities, Retailers, Independent Producers, and Others in MHVille

 

 

 

Media Claims New Story/ICON Builds 3D Printed Housing for $4000, Fact Check & Analysis

October 10th, 2018 Comments off

 

MediaNewStoryICONBuilds3DPrintedHousing$4000FactCheckAnalysisDailyBusinessNewsMHproNews

Different construction methods exist – or emerge – for a variety of reasons.

 

3D printing of housing, for example, is being tested globally. Some say 3D printed housing is the obvious answer for building housing on the lunar landscape, or other planets.  “It sounds crazy, but it would be a lot crazier to fly sheet rock and 2×4’s to Mars,” Jason Ballard, ICON CEO per Business Insider.

JasonBallardPhotoCofounderCEOIconTreehouseICONLogoDailyBusinessNewsMHProNewsLogo400There are also reasons why independent trade publishing which fact-checks is necessary for the factory-built-housing industry.

When there is a buzz about:

  • alternative construction,
  • emerging, or
  • automated technologies then

investors, homebuyers, policy wonks, and others may ask – ‘why should we mess with HUD Code manufactured homes?’

So, it is obviously an important issue to millions.

With that backdrop, mentally place yourself in the shoes of an affordable housing advocate, hedge fund manager, or housing seeker, and then read the following.

photo

Mainstream media outlet Business Insider (BI) ran what is at best a dubious headline, “These 3D-printed homes can be built for less than $4,000 in just 24 hours.”

The videos by third party are posted by the Daily Business News on MHProNews, and were not part of the BI article.

 

Here’s how that BI article opens:

Printable homes represent the latest wave in construction, but they’re not always cheap to build.

Earlier this year, Branch Technology, an architectural startup,developed a prototype of a 1,000-square-foot 3D-printed home that would cost about $300,000 — a price too high to be considered a solution to the global housing crisis.

In March, New Story, a housing nonprofit based in San Francisco, and ICON, a construction-technology company that designs 3D printers, unveiled what they said was “the first permitted, 3D-printed home in America”: a 350-square-foot structure that cost about $10,000 and took just 48 hours to build.

At the time, the printer — known as the Vulcan — was running at only 25% speed. That gave the companies confidence that they could build a 600- to 800-square-foot home in just 24 hours for $4,000 or less. Before using 3D-printing technology, it took New Story eight months to build 100 homes, each costing about $6,000.”  Their article is found at this link here.

Note that the printer for these 3D printed housing units is portable, weighing about 2,000 pounds.

Here’s a news video that serves to make the point on why fact-checks and common-sense analysis are not only useful, but necessary. Note how the still emphasizes that same $4,000 price?  It’s the same figure that BI and others in mainstream media are reports on ICON’s and the New Story’s non-profit efforts are using.

 

But if you listen carefully, ICON’s founder says that the price is for the wall system and framing, not the systems of the house, like HVAC, plumbing, electrical, etc.

Another news outlet said that an ICON project in El Salvador would cost $1,000,000 for 100 homes. Presumably, that is the price of building it there, not in the U.S. If so, that’s $10,000 per ‘tiny house.’

FYI – MHProNews reached out to ICON with questions about what is and is not included in the cost, and received no reply. We plan another outreach in reaction to this article.

So, the Daily Business News turned to another 3D printing builder for their take on this ICON related pricing claims. Here’s what Don Musilli, CEO of 3D Build Systems LLC, Englewood, Florida told MHProNews this week.

 

3D Builder Sounds Off on ICON, Media Claims

Tony: The prices stated with these printed homes are materials cost. We can print an exterior and interior wall in a 1,000 sq. ft. home for under $10,000.00 materials cost. So these numbers are not really indicative of the sell price of the home plus this home has no HVAC and minimal lighting. No toilet, sink, etc.,” said Musilli.

We [3D Build Systems] believe we can produce a 1,400.00 sq. ft. home, complete, ready to move in for around $100,000.00. That is more reasonable and more accurate,” Musilli said in an electronic statement.

One more point,” added Musilli. “It is our goal to attempt to complete the homes in 30 days or less. We are working on the process for wiring, plumbing and installation of the split heating/cooling system to be done as quickly as possible. The finish is just the concrete wall with a stucco like finish.”

If Musilli’s pricing comes to pass, that would be $71.42 per square foot. That’s considerably less than prior estimates for the same sized home of about $100,000.

 

Robotics, 3D Printed Housing, Imminent Challengers for Manufactured Homes, Modular Housing – 3D Build Systems CEO Don Musilli

 

As has been noted above and previously, to achieve more affordable housing, there should be an openness to new as well as proven construction methods, including HUD Code manufactured homes, on an equal opportunity basis.

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

 

 

What Does the Emerging 3D Printing Mean to Manufactured Housing?

A manufactured home industry veteran told MHProNews today that the industry has a “once in a lifetime” chance to get it right.  The need for affordable housing is so great, and there are numerous media sources that are shedding positive light on HUD Code manufactured homes.  One of several examples from this year is found below.

 

Bloomberg “New Home for $90,000? Manufactured Housing Is Making a Comeback” Reveals MH Media Challenge

 

Be that as it may, it is challenges from emerging technologies that are among the reasons our publisher repeatedly warns the industry’s independents against what he sees as the “artificially caused challenges” to HUD Code manufactured home builders, retailers, communities and other industry professionals. One of many such challenges are spotlighted in the article linked below, which can be read later for greater understanding of the issues.

 

Rumble over Anti-MH Law-State Association, Manufactured Housing Institute (MHI), Clayton Homes, and MHARR

 

The Manufactured Housing InstituteMHI – and their mouth-pieces keep calling for ‘unity’ in the industry.  That’s a potentially loaded term,” says L. A. ‘Tony’ Kovach.  “Someone can unite an industry by consolidating it. Uniting an industry could in some cases be construed as an antitrust issue, as their own handout says. That said, the point should be that a few players that have purportedly manipulated regulators, aspects of media engagement, public officials and capital could have over played their hand. In the meantime, that process has arguably cost thousands of industry professionals to lose their businesses to closure or a cheaper sale than a normal market condition would have provided them.”

The other side of the coin,” said Kovach, “is that MHARR, MHI and state association like Texas did pull together in a way that benefited everyone.  That should be the test for ‘unity.’ Does it benefit consumers? Does it benefit businesses of all sizes?  Does it work to the advantage of taxpayers? That’s kind of authentic unity is worthwhile. So, the word ‘unity’ must be carefully parsed.  Some unity is good, but other kinds of unity is akin to conquest.”

LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquote

The comment above was said with respect to another recent topic, but relates to this issue too.

MHProNews will be doing a special report on that topic, to provide an example of how ‘good unity’ has worked before, and can work again.

For more on these issues, see related reports below for more.  “We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

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Record Shattered on SBO, Yields Growth, Profits, More Says Juanita Duggan’s Group

September 26th, 2018 Comments off

RecordShatteredOnSmallBusinessOptimismSBOYieldsGrowthProfitsJobsMoreJuanitaDugganNFIBGroup

Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming. As the tax and regulatory landscape changed, so did small business expectations and plans,” said National Federation of Independent Business (NFIB) President and CEO Juanita D. Duggan. “We’re now seeing the tangible results of those plans as small businesses report historically high, some record breaking, levels of increased sales, investment, earnings, and hiring.”

 

SmallBusinessOptimismSBOIndexReachesRecordHighNFIBDailyBusinessNewsMHProNews

The details came in a series of statements to the Daily Business News on MHProNews.  As long-time readers may recall, NFIB has hundreds of members in manufactured housing, but they have a total membership of some 325,000.  They’re a serious force in Washington, D.C., and have had the President of the United States (POTUS) Donald J. Trump, and Vice President Mike Pence personally address their trade group.

SmallBusinessOptimismSBOVariousIndiceNFIBDailyBusinessNewsMHProNews

A net 10 percent of all owners (seasonally adjusted) reported higher nominal sales in the past three months compared to the prior three months, up two points, stated the NFIB. They said that August is the ninth consecutive strong month of reported sales gains after years of low or negative numbers.

NFIB9-2018AreBusinessesPlanningToHireDailyBusinessNewsMHProNews

The net percent of owners planning to build inventories rose six points to a record net 10 percent, the 14th positive reading in the past 22 months.

NFIBChiefEconomistBillDunkelbergCreditReviewJournal-postedManufacturedHousingIndustryDailyBusinessNewsMHProNews

NFIB Chief Economist Bill Dunkelberg, credit, Review Journal.

The frequency of reports of positive profit trends rose two points to a net one percent reporting quarter on quarter profit improvements, the second highest reading in the NFIB survey’s 45-year history.

At the beginning of this historic run, Index gains were dominated by expectations: good time to expand, expected real sales, inventory satisfaction, expected credit conditions, and expected business conditions,” said NFIB Chief Economist Bill Dunkelberg. Now the Index is dominated by real business activity that makes GDP grow: job creation plans, job openings, strong capital spending plans, record inventory investment plans, and earnings. Small business is clearly helping to drive that four percent growth in the domestic economy.”

As reported in their recent NFIB’s monthly jobs report, a seasonally adjusted net 26 percent of owners plan to create new jobs.  38 percent of owners reported job openings they could not fill in the current period, both survey highs.

 

NFIB92018AreBusinessesHiringWorkersDailyBusinessNewsMHProNews

Sixty-two percent of owners reported trying to hire, with 89 percent of those owners reporting few or no qualified applications for their open positions.

CanSmallBusinessHireEnoughWorkersNFIB92018DailyBusinessNewsMHProNews

A record 25 percent of owners cited the difficulty of finding qualified workers as their Single Most Important Business Problem, up two points from last month.  That’s this morning’s “News through the lens of manufactured homes, and factory-built housing © where “We Provide, You Decide.” © ##  (News, analysis, and commentary.)

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Manufactured Housing Production Report – After Slow June 2018, July 2018 Increases

September 7th, 2018 Comments off

 

ManufacturedHousingProductoinReportSlowJune2018July2018IncreasesDailyBusinessNewsMHProNews

After a modest 1 percent increase in year over year (YoY) production increases in 2018 vs. 2017, the growth in production for manufactured housing has taken a heftier bump up.

 

A total of 6,781 homes shipped in July 2018.  By comparison, 5,803 shipped in July 2017. That is a 16.85 percent YoY increase.

Production by states, per IBTS, are as shown below.

IBTSInstituteBuildingTechShipmentProductionSummaryJuly7-2018-DailyBusinessNewsMHProNews600

Production and shipments of new HUD Code manufactured homes are where the rubber meets the road.

 

Results Matter

The Manufactured Housing Institute (MHI), which claims to be doing promotion for the industry, has to be measured against actual results, not just words or years of what some of their members have said are the “same old posturing and promises.”

But should the independent producers, retailers, communities, lenders, and others in the industry be surprised?  Recall what MHI President and CEO, Richard ‘Dick’ Jennison said, 4 years ago, because he candidly signaled then the reality that exists today.  As publisher L. A. ‘Tony’ Kovach said, “The facts speak loudly, and the rest are details and commentary.”

 

As the Daily Business News on MHProNews exclusively reported last month, 20 years ago, manufactured housing used to outperform RVs in shipments.

ManufacturedHomeShipmentTrendsPercentageNewHomeStartsSkylineChampionPowerPointMastheadBlogDailyBusinessNewsMHProNews

But today, RV’s outsell manufactured housing by some 5 to 1.

What RV Industry’s 2018, Prior Results Reveal for Manufactured Housing

A more detailed look will be published on Monday.  See prior, related reports, linked below.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

Manufactured Housing Shipment Totals, June 2018

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

 

8 Questions for Joe Stegmayer, George Allen, Spencer Roane, GSEs, MHI, FHFA, Other Presenters At Indianapolis Roundtable Meeting

NDAs, Warren Buffett, Richard ‘Dick’ Jennison, Manufactured Housing Institute (MHI), and MHVille

2018’s Hardest-Working States in America, How Does Your State Rank?

 

Court Hands DOE Procedural Victory in Potentially Costly Manufactured Housing Energy Standards Case

August 21st, 2018 Comments off

CourtHandsDOEProceduralVictoryInPotentiallyCostlyManufacturedHousingEnergyStandardsCaseMHProNews

The court in the Sierra Club V. Perry case has handed DOE [Department of Energy] a procedural victory, for the moment, in the case brought by the Sierra Club, trying to force the Department to act on the MH energy rule,” said Mark Weiss, JD, President and CEO of the Manufactured Housing Association for Regulatory Reform.

 

After the Sierra Club filed its suit, DOE filed a motion contesting its standing to bring suit in this matter on behalf of its members,” stated Weiss, who is an attorney.

MarkWeissManufacturedHousingAssociationForRegulatoryReformMHARRPresidentCEOMHProNews

Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

In comments about the ruling last week requested by the Daily Business News on MHProNews, Weiss also said that the “Sierra Club responded by filing an amended complaint (which it has a right to do), and filing a motion for partial summary judgment, essentially trying to leapfrog the standing issue and get an order stating that DOE violated the EISA [Energy Independence and Security Act of 2007] mandate to establish an MH energy standard within five years of passage.”

DOE then filed a motion to hold Sierra Club’s motion for partial summary judgment in abeyance, while the standing issue is addressed by the court,” Weiss’ play by play explained.

The court, last Thursday [8.16.2018], granted that DOE motion to hold consideration of Sierra Club’s motion for partial summary judgment in abeyance, as shown by the docket note below.  In the note, “plaintiff” refers to the Sierra Club, “defendant” refers to DOE.  This is positive news for the moment, but does not guarantee anything regarding the final outcome,” per Weiss.

It’s a positive step for the industry, which has had this potentially costly rule hanging overhead for years.

MHARR fought the DOE rule from the outset, but for years, the Manufactured Housing Institute (MHI) inexplicably supported standards third party research said could have added some $6,000 to a single section manufactured home.

After years of pushback by MHARR, the Small Business Administration, MHProNews, and other advocates for the industry, MHI finally flip-flopped on the issue last year.

Manufactured Housing Institute (MHI) Shifts on DOE Regulatory Rule, Report, Analysis

The Trump Administration’s administrative executive orders put a stop to the matter, until the Sierra Club suit has revived the matter.

 

In the District of Columbia District Court, Judge Emmet G Sullivan ruled as follows, per the Pacer Monitor.

“MINUTE ORDER granting27 defendant’s motion to hold in abeyance23 plaintiff’s motion for partial summary judgment. The Court has broad authority to control the disposition of the cases on its docket. See Landis v. N. Am. Co., 299 U.S. 248, 254-55 (1936). The Court cannot agree with plaintiff that allowing the parties to brief summary judgment maximizes efficiency, especially because the Court must first assure itself of jurisdiction. See, e.g., Furniture Brands Int’l Inc. v. U.S. Int’l Trade Comm’n, No. 11-202, 2011 WL 10959877, at *1 (D.D.C. Apr. 8, 2011) (“[St]aying further briefing of the plaintiff’s summary judgment motion will allow the parties to avoid the unnecessary expense, the undue burden, and the expenditure of time to brief a motion that the Court may not decide.”). Therefore, the Court DENIES WITHOUT PREJUDICE23 plaintiff’s motion for partial summary judgment. Plaintiff may refile its motion for summary judgment, assuming the Court denies the defendant’s pending motion to dismiss. Signed by Judge Emmet G. Sullivan on 8/16/2018. (lcegs3)” ## (News, analysis and commentary.)

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Focus on More Financing, HUD Program Reforms, Aimed at Increasing Manufactured Homes Sales, Meeting with Assistant Secretary–Federal Housing Commissioner, Brian Montgomery

July 27th, 2018 Comments off

BrianMontgomeryHUDAstSecretaryFederalHousingCommissionerFinanceRegulatoryMHARRMeetingManufacturedHousingIndustryDailyBusinessNewsMHProNews

The Daily Business News has been advised of a meeting at the Department of Housing and Urban Development (HUD), which took place on July 25, 2018.

 

The focus of that high-level meeting’s discussion?

It could be summarized with the following bullets. To:

obtain more personal property financing options for HUD Code manufactured homes,

simplify the often complex regulations and on-site inspections, in compliance with the law,

full enforcement of existing laws, notably in regards to the Manufactured Housing Improvement Act of 2000 (MHIA),

reinvigorate the state-federal partnership in the HUD Code program, via adequate funding,

insure that the Manufactured Housing Consensus Committee (MHCC) fully represents industry interests, and is operated according to the law,

the status of the regulatory reform comments review mandated by President Trump’s executive orders,

address concerns over “40 years of de facto sole-source monitoring procurements,” per MHARR’s statement,

and to discuss who would replace Pam Danner as the administrator of the Office of Manufactured Housing Programs.

 

The meeting was held between

HUD Assistant Secretary–Federal Housing Commissioner, Brian Montgomery,

Teresa Payne, who is the acting interim head of the Office of Manufactured Housing Programs,

and senior leadership for the Manufactured Housing Association for Regulatory Reform (MHARR). Specifically, “MHARR Chairman, James Shea, Jr., MHARR Immediate-Past Chairman, John Bostick, MHARR President Mark Weiss and MHARR Senior Advisor, Danny D. Ghorbani…”

In a release to the Daily Business News on MHProNews, MHARR provided the following meeting memo, which will be published verbatim, further below.

A few points worth emphasizing, via the following pull quotes from the MHARR report.

“…the MHARR delegation focused on harm to consumers and the industry resulting from unjustified, unwarranted, and/or misdirected HUD regulations (or pseudo-regulations),”

ManufacturedHousingAssocRegulatoryReformJOINMHARRbani-200x200

Call 202-783-4087, email mharrdg@aol.com or click the above to learn more.

The MHARR delegation also addressed the decline – under the former federal program administrator — in the federal-state partnership that lies at the core of the HUD program and its proper operation.”

“…the MHARR delegation encouraged Commissioner Montgomery, as Federal Housing Commissioner, to explore the re-vitalization and expansion of the FHA Title I manufactured housing program which, after being a significant source of consumer financing for HUD Code homes in the past, has declined drastically, to minimal activity levels in recent years.”

“…MHARR noted that the “10-10” net worth and reserve rule implemented by the Government National Mortgage Association (Ginne Mae) for FHA Title I financial institutions has severely and unjustifiably limited lender participation in the Title I program to just two approved lenders, both of which are finance subsidiaries of the industry’s largest corporate conglomerate.”

The later, of course, was a reference to Berkshire Hathaway, Clayton Homes and their subsidiaries, 21st Mortgage Corp., and Vanderbilt Mortgage and Finance (VMF).

Specifically, MHARR pressed for reforms of FHA Title I – chattel, or personal property, “home only” loans – due to the lack of implementation by the Government Sponsored Enterprises (GSE) under their Duty to Serve mandate.

Such a revitalization and expansion in FHA Title I support for manufactured home financing is particularly crucial in light of the minimal and long-delayed “implementation” of the Duty to Serve Underserved Markets (DTS) by Fannie Mae and Freddie Mac, and their federal regulator, FHFA, and their failure to establish – any time soon – market-significant levels of securitization and secondary market support for manufactured home chattel loans, which comprise upwards of 80% of all manufactured home consumer loans.”

The entire MHARR release to MHProNews is below. It will be followed by references to several other related reports that flesh-out related details of importance to:

manufactured home industry professionals,

affordable housing advocates,

investors,

public officials,

and others.

JULY 26, 2018

 

TO: MHARR MANUFACTURERS

MHARR STATE AFFILIATES

MHARR TECHNICAL REVIEW GROUP (TRG)

FROM: MARK WEISS

RE: MHARR MEETING WITH HUD ASSISTANT SECRETARY BRIAN MONTGOMERY_____________________________________________

A delegation of MHARR officials, including MHARR Chairman, James Shea, Jr., MHARR Immediate-Past Chairman, John Bostick, MHARR President Mark Weiss and MHARR Senior Advisor, Danny D. Ghorbani, met on July 25, 2018 with HUD Assistant Secretary–Federal Housing Commissioner, Brian Montgomery, the highest-ranking political appointee with direct oversight of the HUD manufactured housing program, to address issues concerning the both the program and the Federal Housing Administration’s (FHA) Title I manufactured housing loan insurance program. Scheduled shortly after Commissioner Montgomery was confirmed by the U.S. Senate, the meeting represents a continuation of MHARR’s direct interaction with Trump Administration officials at HUD and others agencies concerning both the federal manufactured housing program and federal financing support for affordable manufactured homes, including meetings with HUD Secretary Ben Carson and HUD Deputy Assistant Secretary Dana Wade, and Federal Housing Finance Agency (FHFA) director Melvin Watt, among others.

The main purpose of the meeting with Commissioner Montgomery who, while holding the same position in the Administration of President George W. Bush, was instrumental in establishing the statutory Manufactured Housing Consensus Committee (MHCC) and securing major achievements in the implementation of the Manufactured Housing Improvement Act of 2000, was to address key aspects of the ongoing manufactured housing program review and reform process initiated by President Trump and Secretary Carson, with a view toward putting the federal program back on track, in full compliance with all elements of the 2000 reform law.

Consequently, among other topics, the meeting addressed: (1) the status of the appointed manufactured housing program administrator mandated by the 2000 reform law; (2) the status of the pending “top-to-bottom” manufactured housing program regulatory review pursuant to Trump Administration Executive Orders (EOs) 13771 and 13777; (3) the status of the program monitoring contract, which is slated to expire in August 2018, the urgent need for a fully-competitive contracting process after more than 40 years of de facto sole-source monitoring procurements, and the selection of a new program “monitoring” contractor; (4) the necessity of retaining state participation in the HUD program and proper funding for State Administrative Agencies (SAAs); and (5) the restoration of collective industry representation on the MHCC. In addition, the MHARR delegation urged Commissioner Montgomery to consider reforms at the Federal Housing Administration and the Government National Mortgage Association (GNMA), to expand the utilization of the FHA Title I manufactured housing program and the availability of insured manufactured home chattel loans under that program, particularly in light of the highly-restricted implementation of the “Duty to Serve Underserved Markets” with respect to manufactured home chattel loans by FHFA and the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac.

In particular, the MHARR delegation focused on harm to consumers and the industry resulting from unjustified, unwarranted, and/or misdirected HUD regulations (or pseudo-regulations), citing, as an example, HUD’s excessively costly and needlessly burdensome 2016 “on-site” construction rule, which, rather than reducing the cost and increasing the efficiency of on-site work and related approvals, has instead led to a decline in on-site completions and features requiring on-site completion, which has unnecessarily harmed the HUD Code market and unnecessarily denied consumers various on-site features that they seek in HUD Code homes. The MHARR delegation thus urged Assistant Secretary Montgomery to continue with – and aggressively implement and advance – the EO 13771/13777 regulatory reform process within the federal program that was initially spearheaded by Deputy Assistant Secretary Wade. And, in fact, it appears from responses at the meeting, that aspects of the Department’s regulatory reform process will be presented to – and considered by – the MHCC at a meeting currently expected to be held (but not yet formally announced in the Federal Register) on September 11-13, 2018 in Washington, D.C.

The MHARR delegation also addressed the decline – under the former federal program administrator — in the federal-state partnership that lies at the core of the HUD program and its proper operation. Noting that state SAAs and state Primary Inspection Agencies (PIAs) had been tasked with numerous additional functions by HUD under its change to the “focus” of program inspections and monitoring, from the detection of specific standards violations to a new alleged emphasis on “quality control” and, worst of all, new unwarranted and baseless demands on long-standing and fully-compliant state installation programs – all without any corresponding rulemaking or regulatory process – MHARR pointed out that to date, there has been no corresponding increase in the compensation of such state agencies, leading some to either withdraw from the program or consider withdrawing. This, in turn, increases the power and influence of the entrenched monitoring contractor (and program installation contractor) – which assumes those expanded regulatory roles in “default” states, without the accountability, responsibility and responsiveness of the former state government entities. Meanwhile, a proposal to increase state SAA funding, recommended by the MHCC and published for notice and comment in 2016, needlessly remains in limbo, some two years after-the-fact. The MHARR delegation, accordingly, urged Commissioner Montgomery to address this matter as a priority issue for the program.

In addition, the MHARR delegation encouraged Commissioner Montgomery, as Federal Housing Commissioner, to explore the re-vitalization and expansion of the FHA Title I manufactured housing program which, after being a significant source of consumer financing for HUD Code homes in the past, has declined drastically, to minimal activity levels in recent years. Such a revitalization and expansion in FHA Title I support for manufactured home financing is particularly crucial in light of the minimal and long-delayed “implementation” of the Duty to Serve Underserved Markets (DTS) by Fannie Mae and Freddie Mac, and their federal regulator, FHFA, and their failure to establish – any time soon – market-significant levels of securitization and secondary market support for manufactured home chattel loans, which comprise upwards of 80% of all manufactured home consumer loans.

In particular, MHARR noted that the “10-10” net worth and reserve rule implemented by the Government National Mortgage Association (Ginne Mae) for FHA Title I financial institutions has severely and unjustifiably limited lender participation in the Title I program to just two approved lenders, both of which are finance subsidiaries of the industry’s largest corporate conglomerate. As a result, for far too many Americans, the inherently affordable home ownership offered by today’s manufactured homes, is simply not available – contrary to HUD and FHA’s fundamental mission — due to the lack of available, accessible, competitive financing. Consequently, as MHARR stressed, in addition to the reform of its regulatory activities, HUD should also re-examine and reform its financing-related programs for manufactured housing.

MHARR, as it has since the inauguration of President Trump – in all forms of direct and formal interaction with relevant officials — will continue to press the case for HUD Code manufactured housing, for increased governmental support for manufactured home consumer financing, in full accordance with all applicable laws, and for fundamental regulatory reform within the federal manufactured housing program in full compliance with the 2000 reform law, including proper program leadership in the person of an administrator appointed in accordance with the 2000 reform law.

cc: Other Interested HUD Code Industry Members

 

About MHARR

MHARR is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing. ## (News, analysis, and commentary.)

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Related Reports:

“Take the MH Advantage Challenge – Can You Tell the Difference?” Fisk of Sarah Edelman, Director of Duty to Serve, Single-Family Mortgage Business for Fannie Mae

Manufactured Housing Program Review Addressed by HUD Secretary Carson during Oversight Hearing

 

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

 

Realtor University, Journal for the Center of Real Estate Studies, Makes Corrections– “The Market for Manufactured Homes,” by Scholastica ‘Gay’ Cororaton, CBE

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

 

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

Owners Report Increased Profits, Compensation, Expansion Plans

June 19th, 2018 Comments off


OwnersReportIncreasedProfit$CompensationandExpansionPlansPresCEOJuanitaDugganNIFBManufacturedHousingIndustryDailyBusinessNewsMHProNews

The Small Business Optimism Index increased in May to the second highest level in the NFIB survey’s 45-year history,” said the National Federation of Independent Businesses (NFIB) to the Daily Business News in a release. “The index rose to 107.8, a three-point gain, with small businesses reporting high numbers in several key areas including compensation, profits, and sales trends.”

Hundreds of manufactured housing firms are represented by the NFIB, as a source with the Washington, D.C. based organization told MHProNews in 2017.  All told, some 325,000 small businesses of all kinds are NFIB members.

Main Street optimism is on a stratospheric trajectory thanks to recent tax cuts and regulatory changes. For years, owners have continuously signaled that when taxes and regulations ease, earnings and employee compensation increase,” said NFIB President and CEO Juanita Duggan.

The NFIB is celebrating 75 years serving as “the voice of small business.”

Their May 2018 report hit several records:

  • Compensation increases hit a 45-year high at a record net 35 percent.
  • Positive earnings trends reached a survey high at a net three percent.
  • Positive sales trends are at the highest level since 1995.
  • Expansion plans are the most robust in survey history.

Small business owners are continuing an 18-month streak of unprecedented optimism which is leading to more hiring and raising wages,” said NFIB Chief Economist Bill Dunkelberg.

SmallBusinessOptimismIndexMay2018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

While they continue to face challenges in hiring qualified workers, they now have more resources to commit to attracting candidates.”

SmallBusinessOptimismGraphIndexMay2018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Access to credit continues as a non-issue with 37 percent of owners reporting all credit needs were satisfied and 43 percent saying they were not interested in a loan, down seven points from last month and the lowest reading since 2007,” said NFIB. “Only one percent reported that financing was their top business problem. Owners planning to build inventories rose three points to a net four percent, the nineteenth positive reading in the past 20 months.”

NFIB was an important part of the coalition that supported the Tax Cuts and Jobs Act. ## (News, analysis, and commentary.) 

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Ease Shortage with 400,000 More Manufactured Homes for California, says Jonathan Lansner, MHI’s Next CEO?

June 18th, 2018 Comments off
EaseShortagew400,000MoreManufacturedHomesCaliforniaSaysJonathanLansnerMHIsNextCEODailyBusinessNewsMHProNews

Original photo, OC Register, collage by MHProNews.

Industry professionals should note the mixing of nomenclature, or feel a level of angst in reading in California’s Orange County Register the following.

 

Look, I know mobile homes[1] are not for everybody and have a nasty stigma that is sometimes deserved.”

That line was preceded by the opening words, “Bet you didn’t know California has 517,173 mobile homes[1].”

JonathanLansnerColumnistOrangeCountyRegisterCALinkedInDailyBusinessNewsMHProNews

Snippets from LinkedIn profile of Jonathan Lansner.

Citing U.S. Census Bureau data, columnist Jonathan Lansner said, “Only three states had more mobile homes[1] than California. But as the nation’s most populous state, it’s another affordable-housing metric where California trails the pack: pre-fabricated homes are a tiny share of our residential-living supply — 3.7 percent vs. 6.6 percent in the rest of the nation.”

FearManufacturedHomesSolutionToAffordableHousingCrisisManufacturedHousingIndustryDailyBusinessNewsMHProNews

To see the fact-packed Op-Ed, click the link here or the image above.

Lansner has teed up various facts – and takes a stab at the boil after his stigma comment – by saying, “But when the state’s having a serious rethinking of its housing policies — actions to come eventually, hopefully — shouldn’t everything be on the table?

Manufactured home (MH) industry pros could wince over the nomenclature, but must also note his salient point. Namely, that California ought to have more manufactured homes. How many more?

Lansner says the state is about “400,000” homes short of the national average for MH per state.

He then argues that the reason that other states have a lower housing cost is due in part to the fact that those states have more manufactured homes than California does.

Start with construction costs: The typical new “manufactured home” sold in the U.S. between 2007 and 2015 was 1,500 square feet and went for $64,000. Building the average new, single-family home — minus the land price — cost $230,598 for 2,556 square feet,” said Lansner.

For an MH outsider looking in, fascinating points he’s making with his “spreadsheet” and calculator, aren’t they?

 

What’s Wrong is That Enough Don’t Ask What’s Right  

As dedicated Daily Business News readers recall, history-making Rollohome went from zero to 60,000 homes in just two years. You can read the following linked report later, for more insights.

Rollohome, Creating 60,000 Factory-Built Homes in 2 Years

Lansner, his nomenclature aside, arguably makes a far better case than the Manufactured Housing Institute (MHI) President and CEO, Richard “Dick” Jennison.  Readers may recall that Jennison inexplicably argued for slow MH industry growth.

Pardon us, Dick? During the nation’s affordable housing crisis? Did Jennison not know about rapid ramp-up cases like Rollohome? Who promised Jennison that bonus and raise for saying or supporting stunning thoughts like that?

Busted! “Failure Bonus” Paid-Richard “Dick” Jennison, CEO Manufactured Housing Institute-per MHI Document$

So, who were or are the geniuses and driving forces behind MHI’s president calling for slow growth? How does that help a state like California? Or the other 49 states, which all-in need some 8.3 million more affordable homes?

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

Please, give the MH Industry someone who thinks more like Lansner.

 

Lansner on California vs. Other Top MH States

Lansner doesn’t go into other facts, like California leading the nation in homelessness. The New York Times reported on Dec 21, 2017 that “This year that number [of homeless in the U.S.] reached nearly 554,000 — a 1 percent increase from last year, driven by the dramatic surge in West Coast cities. More than one-quarter of the total homeless population nationwide lives in California, roughly 114,000.”

Nor does his OCRegister column deal with land use, zoning, or a range of state regulatory, immigration, or tax issues that are also arguably hobbling opportunities in the Golden State.

Instead, Lansner’s laser focused on getting more manufactured homes. “Just look at economic competitors for California, the three states with more mobile homes[1].”

Lansner argues, ”Florida is the U.S. leader with 830,351 mobile homes. [1] That’s 9.1 percent of its housing supply and the 16th highest share nationally. It’s a good bet mobile homes[1] help put Florida’s monthly housing costs 32 percent below California, according to Census data.

Wonder why the median home value of a Florida home is $166,800 vs. California’s is $409,300? (That’s the value of all homes, not those that sold.) Or why 65 percent of Floridians are homeowners vs. 54 percent in California?”

Then the OCRegister writer says, “No. 2 is Texas with 762,848 mobile homes[1] or 7.3 percent of its housing supply — No. 23 nationally. It’s got housing costs 35 percent below California; a typical home valued at $142,700; and 62 percent ownership.”

He rounds out the top four states with the most pre-HUD Code mobile homes, and post-HUD Code manufactured homes by saying, “Then there’s North Carolina with 590,302 mobile homes.[1]  That’s 13.3 percent of its housing supply — No. 7 nationally; housing costs 42 percent below California; a typical home worth $157,100; and 65 percent ownership. 

Where is the voice at MHI’s Arlington, VA headquarters making similar arguments to grow our industry?

Could the industry’s leaders have Lansner trained for a week on nomenclature plus some fine points, and then promote Lansner with his moxie to take Jennison’s spot at MHI?

JonathanLansnerOCRegisterCADailyBusinessNewsMHProNews

Lansner for MHI’s next President?;

But nobody brags about any state’s share of mobile homes. [1] In fact, it seems to be a little dirty secret when you look at the nation’s most “affordable” places to live,” Lansner said. It was an avoidable hyperbole.  But was he – like MHProNews also does at times – being satirical, to make his other compelling points?

He ends on a high note. 

Still, if California is serious about driving housing costs down — and ownership opportunities up — tough choices must be made. Novel thinking about far smaller homes in various formats should be on the table.”

The link to Lansner‘s interesting column is found here.

If the fine folks in Arlington, Knoxville and Omaha are willing to take their foot-off-the-pedals driving more industry consolidation – taking place at the very time millions of more manufactured homes are so desperately needed – do you think they may give Lansner an opportunity to replace Jennison as MHI’s president?

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

Graphic by MHProNews, using information provided by each corporation, or named entities.  To see Clayton Homes and the top 25, click here

That last point should not be considered a joke.  Given the choice between Lansner and Jennison, shouldn’t the pick be easy? “We Provide, You Decide.” (C) ## (News, analysis, and commentary.)

Footnotes:

[1] Mobile homes” and “manufactured homes” (MH) are not interchangeable terms, as well informed MH industry professionals know.  Regrettably, the Census Bureau has not yet made the move to differentiate between pre-HUD Code mobile homes and post June, 15, 1976 manufactured homes.  About 20 percent of the estimated 8.8 million of both types of MH housing units are mobile homes, the other 80 percent are manufactured homes.

2) A robust use of enhanced preemption and other parts of FHA and DTS would rapidly solve the affordable housing crisis, using primarily private capital.  See related reports, linked below.

Related Reports:

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

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