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Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-7 to 12-13, 2014

December 14th, 2014 Comments off

sunday-morning-weekly-manufactured-housing-professional-news-weekly-recap-mhpronews-12-7-12.13.2014Do you have your coffee, tea or other favorite beverage at hand? Ready to catch up on the headlines from the week just past?

We have an East Coast holiday-style heart-warming story, as well as a heart-breaking story from out West. We spotlight a looming threat to MH, and this one isn’t regulatory. MHARR made the news on several topics, while SUN Communities hits a new high in the wake of more good Corporate news.

Captive finance is a hot topic, and we’ve got a timely story you won’t find anywhere else.

If you go to this new play, you’ll find another manufactured housing put-down production.

Dennis Hill shared good news about the rapidly approaching Louisville Manufactured Housing Show. Those and dozens of other headlines, many you won’t likely find anywhere else in factory built housing news are gathered below for your insight and benefit. That’s why you’re here – to get and stay informed. Let’s dive in…

Saturday 12.13.2014

Home Depot selling 3D Printers – Chinese Printer Builds 10 houses in 1 day

Friday 12.12.2014

HUD and MHARR leaders meet to discuss pending industry issue

Patrick bucks MH stock down trend, as oil’s spill slides broader markets lower

T.J.T., Inc. Results for Q4 and Fiscal Year 2014 reported

Is home owning now twice as affordable as renting? Quentin Fottrell says Yes

Delaware Manufactured Home Owners Association and First State Manufactured Housing Association team up for Christmas Charity

Sun Communities hit new 1 year high during Thursday’s trading

 

Thursday 12.11.2014

Golden U.S. Housing Opportunities for Chinese Investors

Most Manufactured Housing connected stocks rise, ditto 3 major U.S. markets

Mobile Home Park” Residents Legal Action Continues, drawing favorable rulings

Commissioners approves zoning amendment requiring Manufactured Home Communities be approved by BOA

Is Captive Financing a risky lending choice for Manufactured Housing Industry companies?

 

Wednesday 12.10.2014

Dennis Hill at Show Ways Unlimited, says Louisville Show Pre-Registrations are ahead of 2014

Consumers happier, but crude slide bad for oil companies…and impact on Manufactured Housing?

SUI sole bright spot; MH Composite down, major exchanges continue slide

Frank Rolfes, knowing how to find Limelight, touts ways to purchase and run ‘mobile home parks’

R rated for “Redneck” (and raunchy?) musical “Great American Trailer Park Christmas Musical” uses MH for humor

 

Tuesday 12.9.2014

Mixed signals on housing debated by experts as 2015 approaches

Carson City Attorney’s Mission to Stop MH leads to Mission work for LDS

Manufactured Housing Composite spikes, Oil Rebound and Jobs…well, mixed markets

Many Voices being heard a Key to advancing the MH Industry?

Arizona Housing and MHIndustry firms uses AZ State Fair to showcase Manufactured Housing

 

Monday 12.8.2014

PATH prefabricated homes are targeting luxury home buyers

SUN bucks MH stocks downtrend. Big Shale/Oil/DOW getting spooked by OPEC?

Mary Landrieu’s defeat, what does it mean to Manufactured Housing?

The Carlyle Group’s (CG) Lows and Highs, per Recent Stock Market Reports

What does MHARR’s Danny Ghorbani and MHI’s Leigh Abrams, Randy Rowe, Steve Adler and others have

in common?

Bill Matchneer, prior HUD MH Program and CFPB Insider, will speak at Louisville Show

 

Sunday 12.7.2014

Sunday Morning Weekly Recap – Factory Built – Housing News – for 11-30 to 12-6, 2014 ##

(Image credit: Shutterstock/MHProNews)

 

 

Frank Rolfes, knowing how to find Limelight, touts ways to purchase and run ‘mobile home parks’

December 10th, 2014 Comments off

manufactured-homes-com=credit-posted-daily-business-news-mhpronewsWhile there are those in the manufactured home community side of the industry that abhor the ‘t-word’ or having their properties called ‘a mobile home park,’ on the other end of the spectrum is Frank Rolfe.

First, give the man and his associates their due. Their total communities would place them around #10 among the larger community owners.

Rolfe finds his way into the news, through stories like the New York Times’ Cold Hard Lessons of Mobile Home U,’ which drew a flurry of commentary, for and against by industry pros. The article sparked a recent comment by Dana Hawkins-Simmons in the National Housing Institute’s (NHI) e-publication, Rooflinesseen here.

In a recent article, Rolfe sounded off in favor of the National Community Council (NCC) recent fall event in Chicago and the NCC’s Vice President, Jenny Hodge. He took that opportunity to ‘dis’ a rival – and unnamed – community owner and consultant, who once appeared routinely at MHI and NCC events, and has since been marginalized by those organizations.

Writing in the Journal of Mfd Housing, under the heading, “The end of B.S. – thank heavens,” Rofle asserts,What was notable at the event was the absence of many self-styled gurus who people used to listen to. They have been discarded as the industry has grown up and the professional owner/operators demand concrete qualifications of their experts.”

The “Mobile Home U” partner says that no one questioned him at the Chicago NCC event about his use of terminology. Indeed, with video footage of MHI’s current chairman using similar terminology, it might make it difficult for some industry members at an event with both present to do so.

Says Rolfe’s, “The industry is poised for a major shift for the good, and childish arguments have been cast aside to make way for more important adult topics and negotiations.” On this point, there is wide agreement.

Indeed, the industry is poised for a major shift, but the debate over the use of the ‘t-word’ or ‘mobile home’ terminology is far from over, as the new interview with Murex Properties and NCC Chairman Steve Adler suggests. In fact, the just-posted article on the “Great American Trailer Park Christmas Musical” points to the heart of the impact of the very challenge that Rolfe claims is no longer an issue, namely image.

Dana Hawkins-Simmons and others such as NextStep CEO Stacey Epperson take an opposing view, believing what you call something matters to the public and thus to the industry.

Indeed, ELS Chairman Sam Zell famously said at last year’s NCC event, “Pencil head, it’s not a trailer park.”

Writing in NuWire, Rolfe outlined options for purchasing and financing a manufactured home community. Such articles are Rolfe’s way of getting and staying in the limelight, in order to attract a steady stream of attendees to “bus tours” of MHCs and “boot camps.” These draw potential investors, those who aren’t chasing the same locations the larger portfolio operators seek.

The Mobile Home U partner’s suggested ways to buy a community include,

  • Seller Financing
  • Bank Loans
  • Conduit
  • Master Lease with Option
  • Assignment

Give Frank Rolfe his due. Their operation grows, he has a swashbuckling style listeners find entertaining. Many of this boot camp graduates have gone on to varying degrees of success. He and his peers market, market, market.

The debate over proper use of terminology will rage on, with one wing showcasing a great image, and the other wing of the industry saying the public calls it a ‘trailer’ and ‘mobile home,’ why shouldn’t we?

But is the photo shown above what people imagine when you say the word “trailer” or “mobile home?”

Perhaps the 1.32 billion dollar sale of image-and-brand-building American Land Lease to Sun Communities might have settled that debate, but at least for now, that hasn’t resonated with enough people on the ‘mobile home’ terminology wing of the industry. ##

joseine-josie-thompson-writer-daily-business-news-mhpronews-com50x50-(Photo Credit: Manufactured Homes)

Article submitted by Josie Thompson to – Daily Business News – MHProNews.

U. S. Land Lease Communities attracting Foreign Investors

October 21st, 2013 Comments off

Following up on a story MHProNews posted Oct. 15 concerning The Carlyle Group’s acquisition of two Florida manufactured housing communities (MHCs), arabianbusiness.com reports Abu Dhabi’s Mubadala Development Group owns 7.5 percent of Carlyle. Based in Washington, this is Carlyle’s first foray into MHCs, and is paying $30.5 million for the over-55 MHCs as the need for low cost housing is growing. Says Frank Rolfe, of MHP Funds, which owns 82 communities in the US: “Our customers have no alternative shot at homeownership, nor do they [normally] even have the credit scores and quality to seek anything better. They never leave the park they are in, and the revenues are unbelievably stable as a result.” The communities have occupancy rates of 82 percent and 89 percent.

(Image credit: arabianbusiness.com)