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Sunday Morning Weekly Recap Manufactured Housing Industry News August 6th to August 13th, 2017

August 13th, 2017 Comments off
ManufacturedHousingIndustryProfessionalNewsWeeklyRecap2017MHProNews

A look at the new MHProNews.com home page.

Our new August issue will go live tonight, Aug 6th.   Our featured articles will be available on the MHProNews.com home page. Our August theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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What’s New On MHLivingNews

Billionaire$ and Millionaire$ Proudly Hang Out in New York Manufactured Homes, Condo Resort

“Po-Dunk” Performer Kid Rock, Eyes Senate Run, Makes Manufactured Home Living 

Rising Renters Nation, Pew Research, Overlooked Affordable Home Ownership 

What’s New On MHProNews

August 12th, 2017

HyperloopOneEconomicTimesSunshineHomesRedBayALCitiesManufacturedHousingIndustryDailyBusinessNewsMHProNews

August 11th, 2017

DanMargaretMunzerLoebThirdPointNYPostMontaukShoresManufacturedHomeProfessionalNewsMHProNews

August 10th, 2017

 

August 9th, 2017

RobertScoluarIsmanHomesManufacturedHomeProVeteranHonoredArcofDreamsSouixFallsSDMHProNews

August 8th, 2017

MakeMHGreatAgainMartyLavinManufacturedHousingIndustryCommentaryDailyBusinessNewsMHproNews

August 7th, 2017

KidRockForUSSenateDailyBuisnessNewsMHProNews

Kid Rock for Senate website = credit.

 

August 6th, 2017

 

Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016

April 3rd, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

Realtors and Builders Warm Up to the Wonders of Manufactured Housing

What’s New in Manufactured Housing Industry Professional News

MA town wants exemption from state’s 40B ruling. Sun Communities to expand King’s Court MHC. Fannie Mae funds $5MM refi of MHC. New MHProNews featured articles go live this weekend. Berkshire Hathaway nears ten percent sake in Wells Fargo. Supreme Court nominee no friend of small employer. Modulars may house homeless in British Columbia, while modular builder Zeta closes in Sacramento. MH industry outshines Rvers in Hall Campaign Challenge. Innovative MHC celebrates 30 years. 100th manufactured home sited on Pine ridge. And much, much more in notions, news and views from factory-built housing around the globe.

Saturday, April 2, 2016

Sun Communities Stock Popular with Hedge Funds

Friday, April 1

Freddie Mac Forecasts Best Year in Ten for Housing Industry

MHCV Gains +1.42%, LPX Advances +1.81%

Fannie Mae Funds $5M Refi of Napa Olympia MHC in Calif.

Sun Communities Files to Expand King’s Court Manufactured Home Community

Buffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent

No April Fooling! New MHProNews Featured Articles Go-Live Weekend April 2nd-April 3rd, 2016

Thursday, March 31

Wednesday, March 30

UMH Properties to Release Q1 Financials

Most MH-related Stocks quiet, but Patrick Gains +2.38 Percent

100th Manufactured Home Sited on Pine Ridge Reservation

Land Lease Community Owner running for Maine Senate

Manufactured Home Community may Expand to Increase Affordable Housing

Tuesday, March 29

Modular Container Homes Proposed for Homeless in BC Canada

NextStep Sponsors Lending to Buyers of EnergyStar Manufactured Homes

Skyline Corp. Shines for 3rd Consecutive Day; All Active MH Stocks Rise

Three Week Construction Time for Modular Homes in UK

Pending Home Sales Rise in February

Hedge Funds Busy Trading MH Component Supplier Patrick Ind.

Monday, March 28

Manufactured Home Community Celebrates 30 Years with Original Residents

Manufactured Home Opportunities may Derive from Tight Housing Market

Skyline Corp. Skyrockets for Second Consecutive Day

HUD Coders Outpace the RVers in Hall Campaign Challenge

Modular Builder Zeta Closes Facility

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016 ##

(Photo credit:MHProNews)

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

Housing Starts, Permits Hit Eight-year High

July 20th, 2015 Comments off

house under const  naked philly  creditIn good news for the housing industry, the U. S. Department of Commerce reports housing starts spiked 26.6 percent in June and housing permits markedly rose 30 percent over a year ago, both notching eight-year highs, largely due to the strength of the multi-housing market..

The seasonally adjusted annual rate (SAAR) for groundbreakings was 1.174 million, 9.8 percent higher than May’s revised estimate of 1.069 million, and noticeably increased from June 2014’s rate of 927,000, according to forbes. However, single-family housing starts fell in June 0.9 percent from May, from 691,000 to 685,000, while starts on residential buildings with five or more units jumped 28.6 percent in June to a SAAR of 476,000.

Housing permits for June hit a SAAR of 1.343 million, 30 percent higher than the 1.033 million a year ago, and the highest level since July 2007, right before the housing bubble when permitting hit 1.361 million. As with starts, the biggest increase was in multi-family permits, which rose 16 percent compared to May, while for single-family homes permits rose only 0.9 percent over May’s numbers to 687,000.

As MHProNews understands, the strength of the multi-family housing market and corresponding fall of the single-family marker coincides with the nation’s 20-year low rate of homeownership at 63.7 percent, due to the thousands of people who lost their homes during the Great Recession and are now renting. Additionally, first-time homebuyers comprise only around 30 percent of the homebuying market, well below the historical 40 percent. ##

(Photo credit: nakedphilly)

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

Home Ownership for Millennials could Lead to Manufactured Homes

June 30th, 2015 Comments off

homeownership   fotosearch stock photoNoting that the current rate of homeownership of 63.8 percent is the lowest since 1989, A. Mechele Dickerson writes in nationalmortgagenews that the housing industry needs to be more creative in the housing it builds, and local jurisdictions need to be more flexible in the types of housing allowed in communities, especially in desirable urban areas.

The millennials, those born between 1980 and the early 2000s, could conceivably increase the rate of homeownership once they earn enough to afford a home. But in the meantime, these 53 million may turn to micro-housing rental units, of which 90 percent are in high-density urban areas, less than 500 square feet, with an appeal to single professionals. By decreasing their rental expense, the thinking is they can save for a down payment on a home.

The flip side to that is the number of renters has increased by double digits since the recession, driving up rents, and with wages barely above the stagnation level, saving for a down payment becomes more difficult, as MHProNews understands. For millennials to remain in urban areas becomes even more expensive if they decide to buy a home. In addition, lenders are reluctant to lend on homes that are under 500 square feet.

Historically, first-time home buyers comprise 40 percent of homes sold monthly, but that number has hovered around 30 percent recently. As Dickerson says, “the housing industry will never recover from the Great Recession if millennials continue to struggle to find affordable homes or apartments.

While noting “bold and innovative thinking is necessary by local political leaders,” manufactured housing stands out as an affordable housing option that could increase home ownership at a fraction of the cost of site-built homes. The average price of a new, three-bedroom site-built home in the United States runs around $270k, while a comparable new manufactured home can be had for $64k. ##

(Image credit: fotosearch–homeownership)

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

Free Manufactured Housing Finance, Business Seminars and Forecast

March 24th, 2014 Comments off

standing-room-only-2014-louisville-manufactured-housing-show-seminar-room-masthead-blog-mhpronews-com-Some 2100 +/- manufactured housing industry professionals from all segments of the industry are expected at the 2014 Tunica Manufactured Housing Show. Registrations have come in from states coast to coast.

The Tunica Show features more homes and exhibitors than any other industry trade show in North America. Networking and free luncheon’s are part of the show line up.

Popular finance and business building seminars are offered free to industry attendees. General information about the finance and business building seminars are found linked here.

Tunica offers popular free manufactured and modular home finance panels, which features top industry lenders as well as MH Community commercial lending panels, both moderated by MH finance expert, Dick Ernst..

Business Building CRM, Marketing and Sales building programs and a Manufactured Home Community Lesson’s Learned panel discussion are on the schedule. A guest column by Brad Nelms on Why Retailers and Community Operators should Go Tunica, is linked here.

A possible program change may occur in the MHC Lessons Learned panel, which is being moderated by the National Community Council’s VP, Jenny Hodge. Rick Rand has advised seminar management that he may not be able to attend, but seasoned veteran and MHC-MD.com consultant, L. A. “Tony” Kovach will be available as an alternate panelist for that session. Featured MHC panel experts include Tammy Fonk with CBRE who has years of experience in a family owned community, as well as Maria Horton, a respected executive from west coast MHC powerhouse Newport Pacific. Seminars will be held in the Harrah’s Convention Center exhibit hall.

Video interviews are planned at the show, such as the ones linked here.

The current forecast for the Tunica Manufactured Housing Show is a sunny on Wednesday 3/26/2014 with a low of 43 degrees and a high of 55. Thursday’s forecast is partly cloudy, with a 10% chance of rain, low of 54 and a high of 63. Friday’s forecast is mostly sunny, but 40% chance of rain, with a low of 43 and a high of 69.

This is an industry trade show, and is not open to the general public. Industry professionals are reminded that they can typically gain free admission by bringing their photo ID and business card. ##

(Image Credit: MHProNews)

 

MHARR’s HUD/MHI Missive: on the record, “No Comment,” but off the record…

February 1st, 2014 Comments off

broadside-darius-danny-ghorbani-president-mharr-salvo-on-hud-logo-manufactured-housing-association-for-regulatory-reform-posted-daily-business-news-mhpronews-.jpMHARR’s president “broadsided” HUD – as well as MHI – on Thursday, January 29th with an emailed release. The timing seemed odd, observers told MHProNews, as this took place in the immediate aftermath of an extraordinary semiannual oversight hearing on Capitol Hill. Chairman Jeb Hensarling’s Financial Services Committee had members from both parties peppering Richard Cordray with questions on the handling of manufactured housing regulations by the CFPB.

MHProNews outreaches to MHARR and MHI officials alike drew no reply (MHARR’s DC office) and no comment (MHI’s office).  But off the record statements have come in from a variety of sources, including those close to both of the manufactured housing industry’s national associations, state association leaders and other professionals in the industry.

One neutral source said off the record, “I agree with each of Danny’s comments about HUD.  I disagree about lack of progress or losing ground.”

A source close to MHI said, we …”have much bigger battles to fight than engaging in a war of words with someone who hasn’t accomplished anything for our industry since the passage of (the) Manufactured Housing Improvement Act of 2000,” a reference to Danny Ghorbani, President at MHARR.

One MHARR source told us they agreed with every aspect of the MHARR release.

However, while some echoed that, other members in the MHARR camp are split on the release’s attack on MHI, and some related strategic and tactical issues. Some see the Darius “Danny” Ghorbani led group as acting properly, while others see MHARR’s president as being dead right on issues, but wrong on engagement methods with MHI, and often tactically mistaken in dealing with regulators.

Or as one MHARR member said when asked about the division in their ranks on tactics, timing and wording, “obviously, we are a varied group at MHARR.”

A veteran of DC and industry issues told MHProNews, “…note the wide-spread, bi-partisan support for the industry at the (Financial Services Committee) hearing. And, more importantly…such a broad and loud outcry (at the recent Financial Services Hearing with CFPB’s ) doesn’t happen organically, but as the result of a strategic (and) successful lobbying effort on behalf of…” state associations and MHI.

Indeed, in a video MHProNews plans to feature in the near term, 10 members of the committee raise concerns with Cordray, including the ranking Democrat, Maxine Waters (D-CA). Others included, Rep. Stephen Fincher (R-TN), Reps. Spencer Bachus (R-AL), Joyce Beatty (D-OH), Bill Clay (D-MO), Keith Ellison (D-MN), Greg Meeks (D-NY), Steve Pearce (R-NM) and Terri Sewell (D-AL).

“What is certain is that manufactured housing has not had this level of momentum on Capitol Hill in at least 6 years, if not longer.” another source told us.  “MHI and the aligned states (associations) have done a lot of good work, in a tough political environment.  Anyone who knows politics and lobbying knows that it takes time to get things done, especially when you don’t have tons of money to throw at lobbying. Danny’s (Ghorbani) disappointed that MHARR working with MHI for a year has not shown huge results? Excuse me? What can he point to of substance that he achieved in the last few years? Things are tough in DC! Danny’s timing looks short sighted, or worse, in the light of the facts and history.”

Will the MHARR release slow momentum in DC or on the Hill? “Unlikely.” said one when asked. “The states and MHI have some real traction at this point. Danny’s broadside won’t harm MHI, the states, perhaps not anyone but Danny himself. Some will be glad he did it, because they share Danny’s frustrations with HUD.  But is this the way to get real change done? There is a real difference of opinion within the ranks of MHARR, (whose members) often agree with Danny on policy and goals, but not always agree on his style or timing.”

MHProNews will monitor the topic, as sources aligned with MHARR tell us that a concerted ‘tag team’ effort to use the MHARR release will be made by a handful of disgruntled MHI members in the days ahead.

The full MHARR release – which sparked the comments above – is linked here. ##

(Editor’s Note: Remember, “We Provide, You Decide.” ©  Opinions on this topic or others of industry interest are welcomed and encouraged.)

(Image Danny Ghorbani smiles at the broadside by the USS Missouri at HUD’s logo. Image Credits: Wikicommons, HUD logo and MHProNews)

UFPI to Post Q3 Results

October 16th, 2013 Comments off

Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q3 2013 financials Thursday, Oct. 17, at 8:30 AM EST. Headquartered in Grand Rapids, Michigan, as MHProNews knows the company supplies the manufactured housing industry with solid wood and wood-like products as well as plastic and other materials. Analysts expect UFPI to post earnings of +$0.54 per share and revenue of $625.77 for the third quarter, according to northforkvue.com. The company’s market cap is $835.5 million with a price-to-earning ratio of 36.41. To listen to the conference, please click here.

(Photo credit: Universal Forest Products, Inc.)

GSE Reform may be Overshadowed by Shutdown and Debt Limit Debates

September 17th, 2013 Comments off

As Congress returns from its recess it has a plate full of Syria, possibility of a government shutdown Sept. 30, expiring Farm Bills to consider, and the divisive Keystone pipeline. Unless Congress can agree to pass a continuing funding resolution (CR) by month’s end, federal programs and services will cease. Additionally, the government’s debt limit will be reached sometime in mid Oct., which means it cannot spend more money until it is authorized by Congress. The Manufactured Housing Institute (MHI) reports many analysts expect conservative lawmakers to tie eliminating the Affordable Care Act to averting a government shutdown, and more likely to raising the debt ceiling. If the battle becomes protracted, it could put GSE reform on the back burner, and with it, provisions that provide the manufactured housing industry with some relief from the Dodd-Frank Act, as proposed in the PATH Act (HR 2767). House Financial Services Committee Chairman Jeb Hensarling (R-TX) hopes to bring the PATH Act forward in Oct., as MHProNews has learned. Meanwhile, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) say they plan to complete their version of GSE reform legislation by year’s end. For more information from MHI, please click here.

(Image credit: deanhayes.com)

Universal Forest Products Unveils New Building System

August 20th, 2013 Comments off

An affiliate of Universal Forest Products, Inc. has developed the Intact Structural Frame building system that connects the roof to the foundation, providing an exoskeleton that will resist seismic, snow and stormy conditions. Most buildings connect the walls the to the foundation for support, but the owner of the 7,000 square foot building did not want load-bearing walls nor posts in the middle of the structure. A combination of engineered wood and an innovative full-height anchoring system, the building saved 15-40 percent over traditional steel and block construction, and cut production time by three weeks, as dailyfinance.com reports. MHProNews knows Universal provides wood and wood products to the manufactured housing industry.

(Photo credit: Universal Forest Products, Inc.)

Manufactured Housing Industry Gains in Easing Lending Restrictions

August 9th, 2013 Comments off

In its continuing attempts to amend rules that inhibit lending to the manufactured housing market, the Manufactured Housing Institute (MHI) says the Consumer Financial Protection Bureau (CFPB) released additional rules that exempt loans on existing manufactured homes (excluding real estate) from Dodd-Frank appraisal requirements. There is already an existing rule that exempts loans on new manufactured homes from appraisal requirements, as MHProNews has learned. In addition, the MHI newsletter reports a CFPB modification of loan originator compensation rules now exempts from points and fees calculations the sales price of a manufactured home, as well as any commission a manufactured home retailer pays to its sales persons.

(Image credit: andyenstallblog)