Archive

Posts Tagged ‘florida manufactured housing association’

Biggest Manufactured Home Living Story? Millie Francis’ Our Lady of Guadalupe Mobile Home Art, Religious Liberty, Heading to Mediation, Arbitration or Litigation

January 23rd, 2019 Comments off

BiggestManufacturedHomeLivingStoryMilleFrancisOurLadyofGuadalupeMobileHomeartReligiousLibertyHeatintoMediationArbitrationLitgationMHProNews

It’s the top mainstream news story involving the industry that too few manufactured housing (MH) profession leaders seem to grasp – or are willing to tackle.

 

 

Nevertheless, it’s perhaps the biggest one in years to impact our flailing segment of the affordable housing industry.

Once the ubiquitous Drudge Report linked up the account of Millie Francis and her public display of Our Lady of Guadalupe, numerous other mainstream media outlets picked up the subject.

 

BattleoverVirginMaryPaintingOurLadyofGuadalupeMillieFrancisGoesToHigherAuthorityDrudgeManufacturedHomeCommunityDailyBuisnessNewsMHProNews

 

Scores of news sources have run variations of her tale. It includes Francis’ battle with her resident owned community’s (ROC) management company and on-site manager Janet Nowakowski, whom Francis claims is in violation of community rules, while selectively enforcing others.

Legal opinions and other manufactured home industry professional have weighed in with their views.

What mainstream media stresses Francis’ determined “They’ll have to kill me first” statement, standing before her now iconic painting of Our Lady of Guadalupe on the street facing of her pre-HUD Code mobile home comes down.

The Bradenton Tropical Palms resident owned community’s management hired the law firm, Knox and Levine, to pressure Francis into removing the painted image of the Madonna, the mother of Jesus under her venerated image as Our Lady of Guadalupe (OLG).

 

KnoxLevinePAAttorneyTampaFLBrandentonTropicalPalmsOurLadyofGuadalupeMilleFrancisMHProNews

 

Devout Catholics see OLG as the patroness of the Americas, and of the unborn.

 

OurLadyofGuadlupePatronessofAmercasDefenderOfUnbornDailyBusinessNewsMHProNews

 

A Bradenton city official has told MHProNews that they are aware of the drama, and recommend that Francis contact a Fair Housing organization in the area. That mirrors other legal commentary shared on-and-off the record to MHProNews, previously reported at the link here.  One example is shown below.

 

MillieFrancisOurLadyofGuadalupeReligiousArtFairHousingAttorneyNadeenGreenDailyBusinessNewsMHProNews

 

 

The Millie Francis, Our Lady of Guadalupe Drama Synopsis 

Millie Francis found herself in a firestorm over a painting she was “inspired” to commission while at mass as she prepared to receive holy communion at Sacred Heart Parish in Bradenton, FL.

Francis told the Daily Business News on MHProNews that she is seeking an off-ramp from the drama, but does not want to have the image painted by artist Ingrid Brandt removed.

Francis pointed out to MHProNews other examples of architectural changes in that same section of Bradenton Tropical Palms community she lives in that involve the use of dolphins, geckos, or other symbols.  Those other examples may also be viewed as religious in nature.

 

GeckosBrandentoTropicalPalmsMilleFrancisOurLadyofGuadalupeLegalstandoffManufacturedHomeIndustryDailyBUsinessNewsmHproNews

 

Which begs the questions, why is Francis’ painting of Our Lady of Guadalupe causing persecution? Why are the others apparently accepted by the resident owned community’s management? Is Francis’ interest in the cooperative ‘resident owned community’ somehow inferior to that of others who live there?

 

DolphinBradentonTropicalPalmsMillieFrancisOurLadyofGuadalupeManufacturedHomeCommunityMHProNews

 

Part of the caustic elements in the evolution of this matter is that the entire affair was arguably sparked by the resident owned community’s own security company.

 

VirginMaryOurLadyofGuadalupeMilleFrancisBradentonTropicalPalmsDalyBusinessNewsMHProNews

 

The security service would reportedly drive by Francis’ home at night, shining a light through her pre-HUD Code mobile home’s window. Some ‘stranger’ would also come by, said Francis, who would peer in.  That individual was apparently not spotted or stopped by security in the gated Brandenton Tropical Palms.

So, as a result of those incidents, Francis asked for and was given permission by that ROC to do what others at that property have done, architecturally remove and replace her front window.

A source close to Francis told MHProNews that this hullabaloo may be traced to something as simple as incomplete paperwork. If so, then why all the threats of litigation and eviction over a powerful cultural and religious symbol?

The Orlando Sentinel produced a short video, that included the still-video-frame of a comically evil-looking, mustachioed manager posted above. Is that the image that ROCs or others in the manufactured home industry want?  If not, where is the action to intervene and bring this to a proper resolution?  Why not let Francis fill out and sign a few papers, and let her keep her artwork, as others in the same community have been allowed to do?

The most recent video about this tragi-comic tale is posted below.

 

 

 

Behind the Veil of the Media Narrative

It is noteworthy that the art has its own legal protection under Florida law. But that law may not necessarily protect the artwork exactly where it is currently located, which is Francis’ stated desire.

The media accounts metaphorically paint Francis as a tough, 85-year-old woman, who will die before she gives up that commissioned art work.

While Francis is indeed determined, she is also a heart patient. The stress over this issue could kill her. When we spoke in person, she had to pause and catch her breath. Tears came to her eyes, as Francis shared the unexpected development of her circumstances.

A brief, follow-up phone call from MHProNews with the valiant senior revealed she was having her heart examined by medical professionals, apparently due to her distress.

A sense of the sheer breath of news coverage are found in the Google screen captures as shown. Well over 100,000 online links to this topic are reported by Google.

 

2019-01-23_0515MillieFrancisBradentonTropicalPalmsSearchResultsManufacturedHomeCommunityDailyBusienssNewsMHProNews

 

Mediation? Arbitration? Litigation?

A possible mediator for Francis has stepped forward. That party spoke to MHProNews at length, off-the-record. While trained in mediation, he is not an attorney. It remains to be seen if he can find a compromise with Knox and Levine.

Otherwise, the case will head to arbitration or the courts.

 

OurLadyofGuadalupeMillieFrancisBradentonTropicalPalmsLevineKnoxVanguardManagementResidentoOwnedCommunityDailyBusinessNewsMHProNews

 

Where are the Manufactured Home Industry’s Non-Profits?

At the time Millie Francis spoke to the Daily Business News on MHProNews, she was unaware of any activity by any nonprofit on her behalf. There is no known indication since which indicates that has changed. Which should make any industry professional wonder, where are resident and/or trade groups such as:

 

  • ROC USA
  • Prosperity Now
  • MHAction
  • NMHOA
  • #NobleNotMobile
  • Florida Manufactured Housing Association (FMHA)
  • Manufactured Housing Institute (MHI)

 

on this issue, which has focused global attention on Manufactured Home Living since the Drudge Report linked a news story up?

Perhaps the most in-depth report – and one of the highest ranked among some of this morning’s Google searches – is the one posted on MHProNews. It is found at the link here, and in the related references below the byline.

 

Disclosure

It should be disclosed that MHProNews provided the Drudge Report with a document containing pages of evidence about Mille Francis’ Our Lady of Guadalupe case. That was sent to the Drudge team prior to our own publication of the report linked here and below.

Within hours of the email shown in the screen capture below, Francis’ narrative was linked up by news media maven Drudge.

 

DrudgeReportMillieFrancisOurLadyOfGuadalupeArtPaintingManufacturedHomeDailyBusinessNewsMHProNewsLATonyKovach

 

A similar document as the one sent to the Drudge team, sent to the Bradenton Tropical Palms, is linked here as a download.  The parties certainly ought to know how badly this looks.  So, why haven’t they taken a bite of humble pie, and quietly resolved this with Millie Francis?

For reasons made clear in the in-depth report found linked below, which included third-party expert legal commentary, MHProNews editorially believes that the Bradenton Tropical Palms is harming Millie Francis’ civil and religious rights. They and their attorneys are thus arguably negatively impacting the interests of not only Francis, but that of the entire manufactured home industry and its millions of homeowners too.

After all, ponder how this appears to outsiders looking in. If millions of manufactured and mobile home owners live in a land-lease, and this is the kind of treatment that residents receive?  How can that be anything other than a negative reflection on our entire profession?

Examples of how the public has reacted to this are predictable, with some examples posted at the detailed report, linked below the byline.

 

InfographicMobileManufacturedHomeManufacturedHousingIndustryFactsDataResearchMobileManufacturedHomeLivingNews

All of the positive efforts of the industry are moot if post-production industry leaders are not wise enough to step up to the plate and help resolve this vexing matter in a positive way. If they won’t do it out of compassion for the rights of Millie Francis, then they should act out of pure self interest. Either way, they should act.

 

Sense of Urgency?

There ought to be some urgency for the industry’s post-production associations and non-profits to step in and help resolve this matter in a favorable fashion. Francis’ health is an obvious issue. Her rights are purportedly being violated, say legal experts. Plus, these troubling headlines and related reports will likely continue for weeks or months.  That will continue to forge a problematic stereotype about our industry, at the very time – the growing affordable housing crisis – that the opposite image is being portrayed than what is needed.

It’s baffling that one or more post-production industry nonprofits have reportedly not already stepped up to help settle this case.  As the meme from the Orlando Sentinel exemplifies, this makes a ROC and manufactured home communities in general look like a monster picking on an 85-year-old heart patient, a devout Catholic Christian who felt inspired to honor Our Lady of Guadalupe.  Ouch.

Angels? Geckos? Dolphins? Those are all apparently okay.

But the Catholic patroness of the unborn and of the Americas? That’s apparently a no-no at the Bradenton Tropical Palms in Florida.

An affordable housing crisis grows.  The National Association of Realtors and others favorably spotlighted in 2018 manufactured homes as the most affordable type of permanent home ownership in America.  Nevertheless, due in no small measure to a stream of incidents – including this one – the opportunity for doing more good is misunderstood and maligned.

Warren Buffett is a well-known, big-time supporter of abortion. Apparently, the secular Omaha-Knoxville-Arlington masters of MHVille won’t lift a finger to come to the side of their own industry and this ailing Catholic widow.

What words does one find to describe the outrage this episode should spark from coast-to-coast among industry pros and investors?  What words should describe the way this impacts manufactured home owners, and what is more typically an appealing lifestyle?

MHVille’s so-called corporate and non-profit leaders?  Where’s your leadership on this top-headline issue? “We Provide, You Decide.” © ## (News, commentary, and analysis.)

(See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be accessed by clicking on them. Third-party images and content are provided under fair use guidelines.)

LATonyKovachMHanufacturedHomeLivingNewsManufacturedHousingProNewsConsultantIndustryExpertBy L.A. “Tony” Kovach – for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

 

 

Related References:

The text/image boxes below are linked to other reports, which an be accessed by clicking on them.

Warren Buffett’s ‘Charitable’ Billions – Has Clayton’s Boss Funded Millions of Deaths by Abortion?

 

Millie Francis, Bradenton Tropical Palms ROC Resident, Our Lady of Guadalupe, Religious Discrimination, Fair Housing Act=Media Drama Continues

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

 

 

 

 

 

MH Association Spotlighted Candidate in Gubernatorial Race Raises Tax Issue in PAC Campaign Ad

July 26th, 2018 Comments off

MHAssociationSpotlightedCandidateInGubantorialRaceRaisesTaxIssueinPACCampaignAdDailyBusinessNewsMHproNews

The Florida Manufactured Housing Association (FMHA) spotlighted Adam Putnam earlier this year, after his tour of a HUD Code manufactured home and modular housing factory in Plant City, FL.

 

Ag Commissioner, Gubernatorial Candidate Adam Putnam Tours Palm Harbor Plant

Adam Putnam’s connected political action committee (PAC), called ‘Florida Grown,’ raised a topic that arguably ought to be a national debate, not just one in Florida.

The topic of a Florida Grown hit-ad, the issues raised by the video and radio ads is actually about replacing the federal income with a national sales tax.

But that’s not how the attack ad frames the topic. The replacing the income tax with a national sales tax goes unmentioned in the current variations of the ads.

Congressman Ron DeSantis is a U.S. representative, who enjoys the support of President Donald J. Trump. In fact, the president has a rally planned in Tampa next Tuesday, to support DeSantis and other GOP candidates.

Florida’s GOP gubernatorial primary is August 28th.

Newsmax advised the Daily Business News that DeSantis is sponsoring the Fair Tax Act of 2017. The proposed bill “would have replaced income and corporate taxes with a 23-percent national sales tax.”

 

What would a 23 percent sales tax do to Florida’s economy?” asks an attack ad now on YouTube, dubbing DeSantis as “D.C. DeSantis.”

If Congressman DeSantis had his way, everything would cost 23 percent more — groceries, gas, home purchases.”

 

Fact Check

As noted, the Florida Grown PAC ad fails to mention that the sales tax would eliminate the income tax. It also fails to mention the exemptions that would be part of the proposal.

As is often the case with hit ads, video, radio or print attack ads can use hyperbole, skew facts, and at times totally ignore the reasons for supporting an attacked proposal.

The Florida Grown hit-ad does all of that, and more.

A specific breakdown could reveal how that the plan could reduce the tax burdens, because it eliminates the income tax.  That said, MHProNews is not promoting or opposing the proposal, but rather spotlighting the flaws in Florida Grown and Adam Putnam radio and video ads.

 

The Truth About Taxes?

Every business must cover the costs of federal taxes, which are priced into products and services.

So there is an argument to be made that a VAT or national sales tax is more transparent, and could save hundreds of millions of man-hours in annual income tax preparation.

TaxReformPragerUSteveForbesDailyBusinessNewsManufacturedHousingINdustryResearchDataReportsMHProNews-575x323

Screen capture from Steve Forbes video, shown below. Per the video, George Mason University says the cost of the old tax code is about $600 billion a year. While the new tax law may trim that some, there will still be significant compliance costs.  MHProNews is not endorsing any of these tax plans, but rather showing them for educational purposes.

The costs for those man-hours is in the billions, per Forbes, George Mason University, and others.

Congressman DeSantis sponsored legislation to increase sales taxes by 23 percent, hurting families, destroying jobs, devastating tourism. Washington is full of bad ideas and phony politicians. Ron DeSantis and his huge tax increase fit right in,” the ad says.

Putnam, Florida’s agriculture commissioner, had been the front-runner in the race to replace current Gov. Rick Scott.

But a new poll from the Florida Atlantic University (FAU) Business and Economic Polling Initiative reported that DeSantis has a lead over Putnam in the Republican primary for the Florida governor’s race.  That polling may have sparked this attack ad.

The Fair Tax Act of 2017 has not progressed since it was introduced, per GovTrack. But the bill sought to “promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the states.”

It remains to be seen how DeSantis will respond to the ad.  There are 46 co-sponsors to the Fair Tax Act (HR 25). But if DeSantis opts to make it a debating point, it could raise significant issues that could simplify a businesses operations.

GovTrack said this morning has only a 3 percent chance of passage this year, per Skopos Labs.  But a robust discussion could raise awareness.


An OAN video on DeSantis is provided as balance for the attack ad.

Again, MHProNews is not at this time supporting or defending any candidate in this race.  Rather, the Daily Business News is only providing an analysis of a demonstrably misleading ad.

In one of the top manufactured housing states in the nation, this will be a state and race to watch. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third-party images and content are provided under fair use guidelines.) See Related Reports, linked further below.

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

HUD’s Alternative Construction Process, Carports and Jim Ayotte, Florida Manufactured Housing Association

November 21st, 2017 Comments off

JimAyotteFMHAFloridaManufacturedHousingAssociationVocalCriticPamDannerJDHUDProgramAdministatorDailyBusinessNewsMHProNews480I have been a vocal critic of HUD’s Alternative Construction (AC) approval for carport-ready homes.  I don’t believe an AC approval for homes built with a host beam is warranted or that the AC approval process is the proper regulatory procedure,” said Jim Ayotte in a letter-to-the-editor of MHProNews.

I communicated my concerns to Pamela Danner, Administrator of the federal manufactured housing program in a face-to-face meeting,” Ayotte stated.

I pointed out that there is no basis for requiring AC approval for homes designed carport-ready because HUD’s own Hurricane assessment data showed that no post-1994 constructed homes experienced more than exterior finish damage.  HUD’s assessment was consistent with the findings of the Florida Department of Highway Safety and Motor Vehicles (DMV) after four 2004 hurricanes (Charley, Frances, Ivan and Jeanne) and Hurricane Wilma in 2005.  The DMV evaluated 52,233 mobile and manufactured homes and concluded no post-1994 homes experienced significant damage,” per Ayotte’s guest column to MHProNews.

For the rest of Ayotte’s statements and insights, click here.

FloridaManufacturedHomeAssociationFMHAManufacturedHomeFloridaDailyBuisnessNewsMHProNews600

While not explicitly stated by Ayotte, his commentary relates to a controversy raised by another award-winning manufactured housing industry state executive, Andy Gallagher from the West Virginia Housing Institute (WVHI).

AsAssocExecutiveMyJobAssessSituationSeekBestPossibleOutcomeBasedOnFactsAsIKnowThem-ManufacturedHousingIndustryVoicesDailyBusinessNewsMHProNews

For more on how Gallagher has spotlighted the issues about Danner and HUD that were detailed by Ayotte, see reports linked here and here. ## (News, analysis, and commentary.)

Note 1: For those who want to sign up to our industry-leading headline news emailed updates – typically sent twice weekly to thousands of MH inboxes – please click here to sign up in just seconds.

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Soheyla is a managing member and co-founder of LifeStyle Factory Homes, LLC the parent company to MHProNews and MHLivingNews.com.

Nobility Homes Reports Q1 2017 Results

March 21st, 2017 Comments off

NobilityHomesModelHomeLogoQuarterlyReport-ManufacturedHousingIndustryDailyBusinessNewsMHProNews-Nobility Homes, Inc. (OTCQX: NOBH) has announced their Q1 2017 sales results.

The company reports sales increased 16 percent to $8,573,400, as compared to $7,374,050 recorded in first quarter 2016. Income from operations for first quarter 2017 was $1,056,477 versus $975,741 in the same period last year.

Net income after taxes was $703,323, as compared to $678,401 for the same quarter last year, and diluted earnings per share were $0.18 per share, compared to $0.17 per share last year.

The demand for affordable manufactured housing in Florida and the U.S. continues to improve. According to the Florida Manufactured Housing Association, shipments in Florida for the period from November 2016 through January 2017 were up approximately 8.9% from the same period last year. Our sales and earnings continue to be affected by the lack of available retail and wholesale financing. Constrained consumer credit and the lack of lenders in the industry, partly as a result of an increase in government regulations, have limited many affordable manufactured housing buyers from purchasing homes,” said Nobility Homes President Terry Trexler.

Notably, Nobility Homes maintained a strong cash position during the quarter, with cash, cash equivalents and short-term investments of $25,962,722 with no outstanding debt. Stockholders’ equity sits at $45,498,192 and the book value per share of common stock increased to $11.36.

We believe maintaining our strong financial position is vital for future growth and success. Because of the recent years of very challenging business conditions in our market area, management continues to evaluate all expenses and react in a manner consistent with maintaining our strong financial position, while exploring opportunities to expand our distribution and manufacturing operations,” said Trexler.

The Board of Directors also declared a one-time cash dividend of $.15 per common share for fiscal year 2016, on March 10, 2017. The cash dividend is payable on April 17, 2017 to stockholders of record as of March 27, 2017.

NobilityHomesReportsQ12017EarningscreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Nobility one year look. Credit: Bloomberg.

Our many years of experience in the Florida market, combined with home buyers’ increased need for more affordable housing, should serve the Company well in the coming years. Management remains convinced that our specific geographic market is one of the best long-term growth areas in the country,” said Trexler.

KitchenNobilityHomesWebsiteManufacturedHousingIndustryDailyBusinessNewsMHProNews

Inside of a Nobility manufactured home. Credit: Nobilty Homes.

As Daily Business News readers are aware, Nobility Homes designs, manufactures and sells about 100 different models of manufactured and modular homes through its own vertically integrated retail sales centers throughout Florida, and has for over 49 years. Other holdings include multiple retail sales centers, an insurance subsidiary, and an investment in a retirement manufactured home community.

Nobility Homes is also one of the industry stocks monitored each business day. For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

Trexler Cites Regulatory, Economic Conditions in 2016 – Nobility Homes Announces Quarterly Sales, Income, Profit Results

January 3rd, 2017 Comments off

NobilityHomesModelHomeLogoQuarterlyReport-ManufacturedHousingIndustryDailyBusinessNewsMHProNews-The demand for affordable manufactured housing in Florida and the U.S. is improving,” said Nobility Homes President Terry Trexler. “According to the Florida Manufactured Housing Association, shipments in Florida for the period from November 2015 through October 2016 were up approximately 18% from the same period last year.”

Trexler stated that the regulatory and economic environment has slowed the company’s potential.

Looking back at 2016, “Our sales and earnings continue to be affected by the uncertainty of the U.S. and world economy,” Trexler said in the statement. With “employment levels, consumer confidence and, in particular, the lack of available retail and wholesale financing. Constrained consumer credit and the lack of lenders in the industry, partly as a result of an increase in government regulations, have limited many affordable manufactured housing buyers from purchasing homes.”

 

Nobility Homes, Inc. (OTCQX: NOBH) announced increased sales and earnings results for its fiscal year ended November 5, 2016 in an official filing to the SEC on December 28, 2016.

Bloomberg1YearReportNobiltyHomes2016PostedManufacturedHousingIndustryDailyBusinessNewsMHProNews

Per the information provided, sales for fiscal year 2016 were up 22% to $34,053,290 as compared to $27,836,804 recorded in fiscal year 2015.

Income from operations, were up 41% for fiscal year 2016, was $4,153,799 versus $2,941,452 in the same period a year ago.

Net income after taxes was $5,833,661 as compared to $2,915,395 for the same period last year.

Diluted earnings per share for fiscal year 2016 were $1.45 per share compared to $0.72 per share last year.

For the fourth quarter of fiscal 2016, sales were $8,783,779 as compared to sales of $8,494,623 in the fourth quarter of last fiscal year.

NobilityHomesWEbsiteManufacturedHousingIndustryDailyBusinessNewsMHProNews

Image credits for homes on this page are from the Nobility Homes website, and are provided under fair use guidelines.

Income from operations for the fourth quarter of 2016 was $983,707 versus $1,068,641 in the same period last year.

Net income after taxes was $589,118 versus last year’s results of $1,008,284 partly due to the elimination of our tax loss carryforward.

Diluted earnings per share for the fourth quarter were $0.16 per share versus earnings of $0.25 per share last year.

Nobility’s financial position during fiscal year 2016 remains very strong with cash and cash equivalents and short term investments of $25,043,663 and no outstanding debt.

Working capital is $32,629,820 and our ratio of current assets to current liabilities is 7.2:1. Stockholders’ equity is $44,534,975 and the book value per share of common stock increased to $11.12

KitchenNobilityHomesWebsiteManufacturedHousingIndustryDailyBusinessNewsMHProNews

We understand that during this improving but still uncertain economic environment, maintaining our strong financial position is vital for future growth and success,” Trexler said. “Because of the recent years of very challenging business conditions in our market area, management will continue to evaluate all expenses and react in a manner consistent with maintaining our strong financial position, while exploring opportunities to expand our distribution and manufacturing operations.”

Our many years of experience in the Florida market, combined with home buyers’ increased need for more affordable housing, should serve the Company well in the coming years,” Nobility’s president stated. “Management remains convinced that our specific geographic market is one of the best long-term growth areas in the country.”

Their filings included the required disclosures and statements, including the familiar-to-investors “Certain statements in this report are forward-looking statements within the meaning of the federal securities laws.” No conference call is scheduled.

LivingRoomNobilityHomesWebsitePostedManufacturedHousingIndustryDailyBusinessNewsMHProNews

Nobility Homes designs, manufactures and sells about 100 different models of manufactured and modular homes through its own vertically integrated retail sales centers throughout Florida. ## 

Nobility Homes, Inc. Consolidated Balance Sheets, linked here.

Nobility Homes, Inc. Consolidated Statements of Comprehensive Income, linked here.

(Image credits are as shown above.

soheylakovachmhlivingnewsmhpronews

Soheyla Kovach.

Submitted by Soheyla Kovach to the Daily Business News on MHProNews.

Nobility Homes Reports Substantial Quarterly Increases in Revenue, Income

March 15th, 2016 Comments off

nobility_homes_logoMHPronews has learned from marketwired that sales for Nobility Homes, Inc.(OTC:NOBH) rose 32 percent in the first quarter of 2016 ending Jan. 30, 2016, while income from operations (IFO) rose an astounding 130 percent over last Jan.

Sales hit $7,374,050 Q1 2016 versus $5,576,800 last year; IFO rose from $424,820 Q1 2015 to $975,471 during the same period 2016. Net income after taxes for Q1 2016 was $678,401 versus $479,788 for the same period last year. Diluted earnings per share rose from $0.12 last year to $0.17 Q1 2016.

The manufactured home producer, founded 48 years ago in Ocala, Fla., has cash, cash equivalents and short term investments of $17,162,666 and no outstanding debt. The stock closed March 14 unchanged at $13.00, as MHProNews reported in our daily stock report. Florida ranks number three in the nation for states with the highest shipments of manufactured homes.

President Terry Trexler said, “The demand for affordable manufactured housing in Florida and the U. S. is improving. According to the Florida Manufactured Housing Association, shipments in Florida for the period from Nov. 2015 through Jan. 2016 were up approximately 33 percent from the same period last year.”

The company will not be hosting a conference call. If you have questions call Terry or Tom Trexler at (800) 476-6624 ext. 221. ##

(Image credit: Nobility Homes, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Rising Land Values Force Older Manufactured Home Communities Out

March 30th, 2015 Comments off

mfg_community_closing__tampabayAll across Florida many manufactured home communities (MHCs), often filled with pre-HUD Code homes, many of which are too decrepit to move or do not meet construction standards required in other communities, are being re-purposed and developed into more lucrative uses. Some are on scenic waterways that were out of the way places when they were first established in the 1950s and 1960s, but as the population has grown, the land values have risen.

The eight acres with 46 homesites occupied by Rainbow Court and the nearby Brightside Mobile Home Parks in eastern Pasco County north of Tampa, have been acquired by a Dallas developer. The communities are bordered by a Walmart, Arby’s and TJ Maxx. Rainbow is destined to become an Aldi’s and a movie theatre.

Now that the housing market is coming back and the commercial market is coming back, there’s more pressure to close under-performing or older parks, and replace them with something that provides a higher and better use, says Jim Ayotte, executive director of the Florida Manufactured Housing Association (FMHA).

Affordable housing provided by pre HUD Code homes has been a staple in Florida for may years. Factory-built homes account for 25 percent of all residences in Pasco County, 21 percent in neighboring Hernando, and ten percent in Pinellas (St. Petersburg) and Hillsborough (Tampa), as tampabay informs MHProNews.

Over the past decade, the number of homesites has shrunk by 2,000 to about 320,000 statewide, and the Florida Mobile Home Relocation Trust Fund has paid out over $2 million in the past several years to help move residents from 20 closed communities. Owners of single-section homes receive $1,375 from the relocation fund; multi-section owners receive $2,750.

Several communities have become co-operatives, owned by the residents. Many larger rental communities have been upscaled by corporate players like Chicago’s Equity LifeStyle Properties, which owns 87 communities in Florida comprised of 37,000 homesites.

For the most part, the goal is to build and maintain a park, but you get to the point where the community gets so old, it’s very difficult to start replacing homes and the infrastructure needs to be upgraded, Ayotte said. You’re talking about a large investment of dollars and sometimes the economics don’t work. We see it all over the place where you get these old mobile home parks built outside of town but with urban sprawl it’s now in a commercial zone and highly desirable.##

(Photo credit: tampabay–closing manufactured home community)

matthew-silver-daily-business-news-mhpronews-com   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

HUD’s Pam Danner draws robust welcome during address at FMHA annual event

October 10th, 2014 Comments off

cyndi-king-l-pam-danner-r-hud-manufactured-housing-program-address-packed-fmha-annual-meeting=daily-business-news-mhpronews-2 (1)Florida Manufactured Housing Association (FMHA) President Cyndi King introduced the federal Housing and Urban Development (HUD) Manufactured Housing Program director – Pam Beck Danner, JD – to the FMHA’s packed 2014 annual meeting in Orlando on 10.8.2014.

Danner described the busy 6 months she’s had at HUD, which included no “honeymoon” time for the MH program’s new director.

Danner immediately dug in, with over 100 languishing issues reported by the GAO’s recent report, to start moving them ahead.

The Manufactured Housing Consensus Committee (MHCC) is back on the calendar. Discussions are underway on how HUD can support DOE, FHA and other federal programs in their MH efforts.

The HUD Code Manufactured Housing’s program’s label fee was raised, an unavoidable move, Danner explained, due to the program budget and the law.

Danner said they took HUD MH program staff on a tour of a manufactured home land lease community in VA, to give them a better sense of the modern MHIndustry.

Danner said she has an open door, encourages positive engagement by her staff with the industry, and wants manufactured housing to be as broadly included in other HUD and federal program planning as possible.

Attendees welcomed Danner and her comments with warm, genuine applause. MHI, MHARR and FMHA are among the MH associations which have spoken highly about Danner’s strong industry background, understanding of the issues and thus suitability for her new role at HUD.

Attendance at the upbeat event – which included awards, industry education, mixers and meals – was reportedly up over 20% from 2013. ##

(King top left, Danner top right – Photo Credit: MHProNews)

Writer Slams Manufactured Housing Communities but Residents Love Life

May 20th, 2014 Comments off

While tampabay.com writer Drew Harwell pounds owners of manufactured housing communities (MHCs) for taking advantage of people of limited means—”Mobile home parks charge homeowners every month to rent their square of dirt and concrete,” he says, which is not exactly complimentary of the residents either, because “they can’t afford to live anywhere else,” he adds—people he interviews tend to like their homes. Describing a couple who moved from Baltimore “1,000 miles south to a field of asphalt in the Florida pine flats” and put angel figurines in the front yard of their home in Countrywood, the woman, Una Kemper says, “As far as I’m concerned I’m in paradise.”

Harwell says a new wave of investors is getting into the MHC marketplace because it is profitable, and residents have weak credit, low savings and cannot afford to move. Countrywood, an MHC on the north side of Plant City, which Harwell calls a “desolate flatness far from anything else,” is the home of Jim and Carolyn Young, who moved here more than ten years ago and bought a $28,000 multisection MH. Paying $500 a month for site rent and utilities, which they say is less than their house payment was before, they have tennis matches, bingo and other social events that keep them busy and they love it. “You can’t live as good as you can live here, out there, for this amount of money,” Jim says.

Harwell says revenue for Equity LifeStyle Properties (NYSE:ELS), which owns Countrywood, jumped six percent to $187 million last year and owns 120 other communities in Florida. He does note the community is definitely upscale with golf carts buzzing around taking residents to different activities. Patrick Waite, ELS’ executive vice-president of operations says, “We’re basically running small cities. It’s not a very sexy business, but it’s a very good investment.”

“People are living longer today than ever before, and the financial status of those people is changing,” says Jim Ayotte, the director of the Florida Manufactured Housing Association (FMHA). “They’re saying, ‘If I’m going to be around till I’m in my 90s, do I have enough money to live?’” As MHProNews.com understands, the residents have spoken. ##

(Photo credit: Equity LifeStyle Properties–Lake Have, Clearwater, Florida)

Adkins Blasts Media for Anti-Manufactured Home Bias

August 30th, 2013 3 comments

In an editorial, MH aficionado Crystal Adkins said that in her opinion, journalists are a significant part of the image problem manufactured home owners and professionals face daily. “There are so many great benefits and advantages of manufactured homes.” Adkins said. She writes that manufactured home owners ought to be celebrated for living within their means, but instead are stigmatized by the media. As evidence that this isn’t a “conspiracy theory,” Adkins observes that on one week using Google alerts, she had “34 of those articles are about fires. There’s only 45 total articles.” She continued” “Out of the 45, only 6 were articles that were not negative. 2 of those weren’t even about real mobile homes and 1 was an ad on Craigslist. The craziest thing about all this is that Foremost Insurance Company shows that site-built homes are more than twice as likely to experience a fire than manufactured homes. According to this study, the number of home fires is 17 per 1,000 for site-built homes, while only eight per 1,000 for manufactured homes.” Adkins makes important points. As regular MHProNews readers know, we see it similarly and realize it is up to professionals to work daily to improve our image, celebrated daily on the new MHLivingNews.com website. Image building will also be one of the many topics that are part of the commentary in Florida Manufactured Housing Association Executive Director’s upcoming exclusive interview here, A Cup of Coffee with…Jim Ayotte. ##

(Image credit: Crystal Adkins/Mobile Home Living)