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Posts Tagged ‘IL’

Winners and Losers, 5 Midwestern States, Manufactured Home Shipment Breakdown

July 9th, 2018 Comments off

 

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“…Check out Michigan numbers. They are declining but the retail market is strong. Less rental purchases.”

The above was part of a series of off-the-record messages from a HUD Code home production center that ships into the Midwestern states.  There were several topics, but this one – which came from a Manufactured Housing Institute (MHI) member company – was focused on concerns that manufactured housing was still hitting new home shipment headwinds.

Further, the new home shipments don’t closely reflect new home sales, as would have been true 10, 20, or 30 years ago.

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In another message from a different source was a related news tip from a Daily Business News reader.

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It appears to be a scan or photos of two charts, which MHProNews has added its logo and fair use notice to, after-the-fact.  The spot-checked data appears to be accurate.

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The only JCHS graphic that specifically mentions manufactured housing.  To see the related report, click here, the image above, or the related report below.

How can it be that during a growing affordable housing crisis, that manufactured home shipments are declining anywhere in the U.S.?

But as the Daily Business News has exclusively reported on prior occasions, rises in new home shipments to states such as Texas, Louisiana, Florida and Alabama are masking the decline, modest growth or essentially flat sales in some 1½ dozen other states, per the last review, shown in the linked article below.

While Manufactured Housing Overall Rises, Some Slip Sliding Away

 

The Troubling Trend report, which is linked below and can be read later for greater depth of understanding on the topic, spotlights how several industry professionals in operations of all sizes are telling MHProNews that rental shipments into communities are another ‘mask’ for essentially flat manufactured home sales.

Manufactured Home Communities, Retailers, Developers Face Disruptive, Troubling Trend

While shipments have been steadily rising for years, producers from among MHI and MHARR member companies have told MHProNews that they feel concerns about what could happen in 3 to 5 years, if the underlying cause for these trends aren’t addressed.

It is worth noting that Ohio has risen significantly.  This is true, even though that state went through a bruising media battle with their governor and politicos that wrenched away their state commission that oversaw manufactured housing installations.

That state association took pro-active steps to address the mainstream media, and this trade media, in disputing the claims. While they didn’t succeed in their quest, all the apparently negative publicity did not negatively impact their shipments. Why?  Could it be that the routine push-back by the Ohio state association helped attract new customers that may not have come otherwise?  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

Manufactured Home Shipments, State by State Breakdown, May 2018 Official HUD Data

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

“Why Advocates Need to Rethink Manufactured Home Quality,” Harvard, GSE, Genz, “High Satisfaction”

 

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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.

Near Half-Billion Deal for Gateway LifeStyle, Details Beyond News Release

June 13th, 2018 Comments off
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Original photo from Gateway’s website, montage by MHProNews.

Australia’s Gateway Lifestyle Group (GTY.AX) announced that it has received a non-binding offer for acquisition.  Hometown Australia Holdings Pty Ltd., and Hometown America Communities Ltd. Partnership proposal values the company at A$635 million (US$480 million), according to Reuters.

 

Hometown is offering $2.10-per-share through its local arm, to buy out Gateway Lifestyle Group operator in its entirety, per the Financial Review.

Gateway stated that it has not granted due diligence access yet, and that the proposal is subject to approval by the Australian foreign investment regulator.

The Daily Business News has been tracking the blooming manufactured housing and “manufactured home estates” business in Australia for some years.

Their industry does have ‘a younger’ feel than what is found in the U.S., even though much of it is geared toward senior living.

Note the two government videos, posted above and below. Each of which discusses the “land down under” versions of manufactured homes, and their style of land-lease community living.

 

A Gateway investor package from 2-2018 is linked here.

GatewayLifestyleGTY-australiaManufacturedHousingIndustryDailyBusinessNewsMHProNews

From Gateway investor page on this date.

It is a fast-growing sector, with listed players such as Gateway and Ingenia, along with Hometown Australia Communities. Gateway generates earnings from the development sales of new homes and the ground rent from its growing portfolio,” said the Financial Review.

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Hometown is a subsidiary of Chicago-headquartered Hometown America Communities, with assets of more than #US3 billion,” they said.

Hometown’s Saddlebrook Farms, located in Gray’s Lake, IL was recently awarded that state’s community of the year award.

SaddlebrookFarmsGrayslakeILHometownAmericaManufacturedHOusingIndustryDailyBusinessNewsMHpronEws

Saddlebrook, as some MH professionals know, was established by industry visionary, Chuck Fanaro, who also held an interest in upscale HUD Code and modular home builder, Hi-Tech Housing Inc, in Bristol, IN.

The Gateway-Hometown deal – if approved and finalized – would be backed by Calzada Capital. They are “a global real estate investment firm with more than $US9 billion in assets under management,” said Financial Review.

GatewayLifestylePresentationInfoGrpahicKeypRinciplesManufacturedHOusingIndustryDailyBuisnessNewsMHproNews

Prior reports on this blossoming part of the international manufactured housing market are linked from related reports, further below. ## (News, analysis, and commentary.)

(Third party image, and/or content, are provided under fair use guidelines.)

Related Reports:

Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown America

http://www.MHProNews.com/blogs/daily-business-news/gateway-lifestyles-going-public-as-mh-living-becomes-more-popular-down-under/

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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.

 

Fearful Residents Ask, “Are There Murderers Living Here?”

June 21st, 2017 Comments off

OakLawnMobileHomeArsonMurderPoliceArrestGerardoAlonsoCrimeReportsDataResearchDailyBusinessNewsMHProNewsThe Chicago Tribune reported earlier this month on a suspicious fire in an Oak Lawn manufactured home community. Two deaths were reported.

When law enforcement ruled the matter an alleged case of arson, it made the deaths apparent murders.

Are there murderers here?” – resident Mary Grochola said, per the Tribune, “A lot of people have children, and they’re scared.”

Cook County’s medical examiner’s office ruled the deaths of the mobile home occupants as homicides caused by a gruesome combination of thermal injuries from an incendiary fire, plus sharp-force injuries.

While local media played the incident up, couldn’t this sort of mayhem happen almost anywhere?

Management was contacted and asked to comment for this story, but has not responded as of publication time. The community projects itself as a quiet, family owned property, “where residents stay and second generations return.”

OakLawnMobileHomeSetAblazeRuledArsonMurderChargeMHIndustryDailyBusienssNewsResearchReportsMHProNews

Deadly Tragedy was in a True Mobile Home, not a Manufactured Home

Given the hoopla taking place in Ohio over pre-and-post code homes and fires, MHProNews decided to dig into details of this case. The visual evidence suggests that the blaze was in a true pre-code, mobile home.  Regular MHLivingNews and Daily Business News readers know that pre-code mobile homes have a much higher incidence of fire than conventional housing or manufactured homes.

FireArsonAccelerantsInterFireGasOrOtherFuelsUsedINArsonpostedDailyBusinessNewsMHProNewsBut given that the fire was apparently arson, it could have been a multi-million dollar house with fire suppression equipment in Chicagoland’s highest price neighborhood, since“accelerants were apparently put to their destructive – and in this case, deadly – use.

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Other photos from the community in question.

Murderous Motives?

They weren’t fighting or nothing. They were just sitting up there having a nice time,” Grochola said.

She said the community’s residents were tight knit and often left their doors unlocked, which suggested that the property had little normal reported crime.  “Everybody takes their keys and locks up (now).” she said.

They were good guys. Good neighbors,” said Brian Kasper, another community resident. “They didn’t bother” anyone.

AirwayMHCOakLawnMHProNews

Other photos from the community in question.

Management Reportedly Cautioned Residents

Reports indicate that management cautioned residents to be on the lookout for a man. Police later arrested Gerardo Alonso, 30.  Alonso was taken into custody on Saturday, and was charged with two counts of first-degree murder, per an Oak Lawn Police Department statement Sunday.

Oak Lawn police did not provide more details regarding how Alonso is alleged to have killed the men or any motive for doing so.

After High Profile Tragedies, Industry Pros Cautioned

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Tim Williams, OMHA.

While the initial part of the case has been apparently wrapped up quickly, industry professionals should take note of the lessons being learned from Tim Williams and the Ohio Manufactured Home Association’s (OMHA) rapid and robust response to the push back in their state that came as a result of tragedies there.

It is also worth noting that a study by William McCarty, Assistant Professor of Criminology, Law and Justice – linked as part of another report, here – indicates that manufactured home communities are no more crime prone than other neighborhoods.

https://www.manufacturedhomelivingnews.com/avoidable-tragedies-mobile-home-fires-vs-manufactured-home-and-conventional-housing/

Click image to learn more.

As calm slowly returns to Oak Lawn residents, another community operator in the area told MHProNews, “Regrettably, this happens in every neighborhood, regardless of economic structure.  I seem to recall a double homicide in Beverly Hills, circa 1994,” an apparent reference to the case of the murder of O.J. Simpson’s ex-wife and her male companion in a luxurious neighborhood. ## (News, Analysis.)

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

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Matthew Silver.

Submitted by Matthew Silver to the Daily Business News on MHProNews.com

Justice Strikes Again – another Manufactured Home Operation Settles Case

September 23rd, 2015 Comments off

fines-manufacturedhomes-OriginalgraphicCredit-SFgate-modifiedbyMHProNews-DailyBusinessNews-The U.S. Department of Justice (DOJ) and Hope Fair Housing tell MHProNews that the DOJ has announced “that the owners and operators of the Williams Trailer Court mobile home park in Marion, Illinois, had agreed to pay $75,000 to settle allegations that they discriminated against African Americans and families with children, in violation of the federal Fair Housing Act.”

The settlement was approved on August 31, by the U. S. District Court for the Southern District of Illinois.

The settlement agreement resolves a lawsuit alleging that the owners and operators of the park, located at 200 East Patrick Street in Marion, Illinois violated fair housing law.  Testing revealed that Williams unlawfully discouraged families with children from living there, as well as allegations of racial discrimination.  “In addition to Lyle Williams, the lawsuit also names as defendants the park’s other two owners, Kyle Williams and David Williams,” according to the DOJ release to MHProNews.

It is both shocking and sad that in this day and age any person would try to discriminate against a fellow citizen on the basis of race,” said U.S. Attorney Stephen R. Wigginton of the Southern District of Illinois.  “Neither the Department of Justice nor my office will tolerate such behavior.  Opportunity and justice must remain equal for all.”

The consent decree for this case is found at this link, here.

Justice recently settled another case for over $250,000 – reported earlier this week at this link here. Attorney Anne Houghtaling, the Executive Director of Hope Fair Housing, has agreed to provide the Daily Business News with additional commentary on this case and others in the next few days. ##

(Editor’s Note: Manufactured housing professionals are encouraged to read a Fair Housing basics article, found at this link here, As case law is ever-evolving, it is also prudent to read the monthly Fair Housing article written by Fair Housing attorney Nadeen Green, a recent one on disparate impact is linked here.)

(Original image credits: SFGate, FlickrCreative Commons/Ari Karen; modified by MHProNews.)

Rivers of Red – Elephant in the Room

November 5th, 2014 Comments off

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At 3:09 AM ET, Republican red was projected to carry a net pickup of at least 7 U.S. Senate seats, possibly as many as 9 once the dust settles in Alaska and Louisiana.

 

One of the lesser touted stories was the surge for Republicans in gubernatorial races, where tight races often tilted to the GOP.  A deep blue state such as Maryland, where President Barack Obama campaigned on behalf of Democrat Anthony Brown, lost to Larry Hogan (R). Equally blue Illinois saw businessman Bruce Rauner best incumbent Democrat Pat Quinn.

 

Republicans brought a wave of color and gender as well, with Tim Scott winning his previously appointed Senate seat, Joni Ernst winning in Iowa and even gay candidates winning under the GOP brand.

 

Among the subtexts to the night might be that Vice President’s Joe Biden saying that Independent Greg Orman would ‘be with them,’ led to a million robo-calls by Republican Pat Roberts quoting exactly that Biden phrase in what had previously been a tight race, as reflected by pre-election polls.

 

 

Congressional Races – credit Fox

 

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Gubernatorial races – credit CNN

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More election details and commentary on how this might play for manufactured housing professionals seeking regulatory relief is posted on the Masthead  blog today. ##

(Elephant image credit: Kera News).

 

Freddie Mac’s new Manufactured Housing finance program orignated by Walker & Dunlop

August 29th, 2014 3 comments

freddie-mac-globest-credit-posted-daily-business-news-mhpronews-com-The new Freddie Mac manufactured housing community (MHC) finance program announced last spring has been originated by Walker & Dunlop (W&D). The loan was for $10.5 million on Longhaven Estates, an MHC in Phoenix, AZ. The financing was secured for Cobblestone Real Estate, LLC, based in Oak Brook, IL, and Tricon Capital Group, based in Toronto, Canada, GlobeStreet tells MHProNews.

Senior Vice-President Will Baker’s team structured financing. Baker said that when Cobblestone and Tricon approached W&D with the deal, “We immediately knew it would be a perfect inaugural deal for Freddie Mac.”

As the Daily Business News reported after the program was first announced, John Cannon, Senior Vice-President of Freddie Mac’s multifamily division said,“It [the new MHC financing program] broadens our geographic footprint and creates a more balanced approach.”

Freddie Mac has stated they believe manufactured housing is important in providing affordable housing. This loan, experts say, demolong-haven-estates-credit-senior-retirement-living-posted-manufactured-housing-daily-business-news1-mhpronewscom-nstrates their commitment to the MHC sector. ##

(Photo credits: GlobeSt, Senior Retirement Living)

 

Invitation and 2014 Louisville Manufactured Housing Show Updates

December 10th, 2013 Comments off

H:\1 SK MHMSM\1 DBN\kmhi-ky-manufactured-housing-institute-reception-mixer-2014-louisville-show-posted-daily-business-news-mhpronews-com-.pngPre-registrations for the 2014 Louisville Manufactured Housing Show are up over 50% over the same time frame as last year. So state the facts supplied by Show Ways Unlimited, who manage the show for the Midwest Manufactured Housing Federation (MMHF).

Show Chairman Ron Thomas, Sr. reports that in 2013, “Louisville in 2013 we had 1370 builder/developers, retailers, community and owners/operators, representing 573 different companies who attended.”

If that 50% increase in registrations for the industry’s largest event trend holds, that would mean that over 2,000 attendees would arrive in Louisville in 2014. Combined with exhibitors, it could yield a total attendance of over 3,000, compared to some 830 that go to the Manufactured Housing Institute’s (MHI’s) fine annual Congress and Expo in Las Vegas, Nevada.

“It is an interesting comparison, but frankly it’s not exactly apples to apples.” said L. A. “Tony” Kovach, industry veteran and point man for the online promotion for the Louisville Show.

“Louisville will have 48 new model homes on display.” Kovach explained. “These decorated models will include manufactured homes and modular homes. MHC owner/operators will find Community Series Homes (CSH) on display. Retailers and builder/developers will see residential style and entry level multi-sectional and single section homes. MHI’s annual Vegas event is terrific, I love to go there too. Both Louisville and MHI’s Congress and Expo (C&E) have educational seminars and booths. MHI’s C&E by contrast has more educational events. But having homes on display ads a very different dynamic to what happens in the climate controlled Kentucky Expo Center, where the all-indoor 2014 Louisville Show is held.”

Speaking of MHI, Kovach added that the MHI staff – including their NCC division – will be very visible at Louisville in 2014. “Dick Jennison’s and his colleagues will be co-hosting a mixer with the Kentucky Manufactured Housing Institute (KMHI). Betty Whittaker does a great job with that and combined with MHI’s presence, it ought to be terrific.”

The Manufactured Housing Association for Regulatory Reform (MHARR) members often have a private meeting during the Show.

“Norris Homes made the decision to display at the 2012 Louisville Home show after being absent for several years.” said Gary Boerner. “I can honestly say we will not be absent again. The dealer traffic was great and we were able to see and talk to prospects we might have never been exposed to.  It turned out to be a great decision on our part. We are looking forward to another successful show in 2014.”

Skyline Homes’ Terry Decio indicated they will display 4 homes in the KEC’s East Wing, next to the “Show Me the Money!” Seminar room. Enthusiasm is high, with sold out show space and the large boost in early registrations.

“The Louisville Manufactured Housing Show is an excellent showcase…With many networking opportunities and a well laid out exhibitor area, we look forward to the 2014 event as an opportunity to grow our manufactured housing business.” said Sherrie Clevenger, NADAguides. ##

For more information,

please see Show Chairman, Ron Thomas Sr.’s report:

http://www.MHProNews.com/home/featured-articles/december-2013/138-general-manufactured-housing-industry-topics/6692-why-will-the-louisville-2014-show-you-the-money

And/Or go to:

http://www.LouisvilleShow.com for a complete list of free business building and finance seminars, networking events, exhibitors/manufacturers and KMHI-MHI mixer.

Interviews we’ve done that mention the Louisville Show include:

A Cup of Coffee with…Terry Decio

A Cup of Coffee with…Wally Comer

A Cup of Coffee with…Barry Noffsinger

A Cup of Coffee with…Dick Ernst

CATO CEO Says Free Markets Are the Answer

September 26th, 2012 1 comment
alison-john-cato-ceo-credit-united-liberty-posted-mhpronews.com-daily-business-news-The CATO Institute’s CEO, John A. Allison, is making the case that free markets not government are the solution to what caused the banking crisis. In his book,”The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope.” In a column to AB, Allison states that: “Many life insurance companies and other investors like having government guarantees on their assets (via Freddie, Fannie, or the FHA). However, this is very destructive public policy because it pushes the risk to taxpayers and not market participants.” Alison also said, “A major component of the solution will be provided by existing commercial banks that retain home mortgages in their portfolios the way the S&Ls did. One of the few major economic systems to have limited problems as a result of the financial crisis is Canada. One reason the Canadian banks did relatively well is that they portfolio home mortgages. While there are some housing subsidies in Canada, the banks do not have to compete with the government, that is, Freddie, Fannie, and the FHA. Also, since the banks were holding the mortgages on their books, they cared about the credit risk and underwrote the risk rationally.”
(Photo Credit: United Liberty)

Prefab Steel House Slated to be Shined

November 8th, 2011 Comments off

ConnecticutCollege reports its steel prefabricated house in New London, CT, manufactured by General Houses, Inc., of Chicago will be disassembled and shipped to Milner + Carr in Philadelphia, where each panel will be cleaned and restored. Built in 1933 for Winslow Ames, founding director of the New London Lyman Allyn Art Museum, it was gifted to the school in 1949, and occupied as faculty housing until 2004. With grants from the state and private sources, the panels will be made rust resistant, and the building will be reassembled in the spring on campus and used for student-centered activities relating to sustainability and the environment. Another prefabricated house on campus was restored in 1990. The steel house is a very early example of modern architecture in the United States,” said Abigail Van Slyck, associate dean of the faculty and the Dayton Professor of Art History at Connecticut College. “These houses are rare, and this restoration project will ensure that we don’t lose this important piece of American history. Both of the College’s prefabricated houses were built to be single family homes, and they have very small footprints,” Van Slyck said. “They can serve as inspiration for green living.”

(Photo credit: Connecticut College)