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Children, Grandchildren, Family, Manufactured Housing, Money, and You

December 16th, 2018 Comments off

 

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Many if not most Manufactured Housing Professionals – MHPros – know the truth about our industry’s products and services. That said, millions of people don’t know.  You might say that they have been conditioned into thinking something that is untrue. Hold that thought, because in many ways it is a key to unlocking the future profit potential for your business and location(s).

 

For longtime readers, recall, that a manufactured housing professional – an informed MHI member – is the one who suggested that we research and report on Operation Mockingbird. Google it, we did, and then we did the report at the link below.  Family Jewels was a term used in a declassified CIA document about a once-secret operation, Operation Mockingbird.

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“Family Jewels,” MHVille Insider Tips, “Info Wars” and Omaha, Knoxville, California, Seattle and Arlington, and DC Connections

 

A manufactured home professional also wrote to say, “I am ready for infowars.” Hold that thought too, because unlocking that is also a way to unlock the potential for your business, products, or services.

It is axiomatic that normal people love their children and grandchildren. As with all rules about humanity, there are exceptions. Exceptions – properly understood – often can be used to prove the rule.

The most basic social unit is that of the family. “Social engineers” have been trying to redefine the family for decades, and to some degree, one must admit, that has worked. Teams and businesses have used the phrase “we are family” for some time. The performers The Sisters Sledge in 1980 cut the hot tune – “We Are Family.” Dated now, it was red-hot then.

 

 

A hit song gets played over and over – repetition.

Repetition is either good or bad depending on the subject matter.

Repeat the good over and over, and it sinks in. Repeat the bad over and over, and sadly, that sinks in too.

If someone kept repeating something harmful to your child or grandchild, in time, they could come to believe it.  Depending on the subject, certain harmful beliefs could result in injury or death.

Poison often has an antidote, a medication used to counter the effects of the poison.

The antidote to poisoned information is the truth properly told, and told often enough. That’s infowars in a nutshell. That’s why fact checks and analysis are so important. We do those fact checks and follow the money here.

Call it what you will, but the severe divisions in America are a wake-up call. It is self-evident to thinking, informed business leaders that manufactured homes are misunderstood. It is also logically true that other falsehoods and misinformation are occurring.

 

Want to unlock greater potential profits? Understanding and then communicating to others the truth is an essential part of that process.

 

PEPProtectEducatePromoteUnlockingMindsKeyToAdvancementMHProNews

We created the graphic above years ago, because we understood in a broad sense what was necessary, and how to do it. What we didn’t fully grasp was how the biggest association and the biggest companies in our industry were arguably part of the problem, not part of the solution. But thanks to tips from various informed readers, now we have got it.

While he misused the term, mobile home, Frank’s point below was arguably spot on.

 

 

You aren’t getting that clarity of reasoning above from the Arlington, VA based Manufactured Housing Institute (MHI). That clear thinking isn’t coming from Clayton Homes or any other mega-firm in our industry. Why not?

You are getting it here on MHProNews. Which is why you and thousands of others have or will log on today.

Once weekly, we present the headlines for the reports published from the week that was. We curate – hand pick with intent and deliberation – each report we give you. In our industry, we are the runaway #1 as a result of readers like you, our sources, clients, and sponsors that collectively make this site possible.

If MHProNews is writing about it, I want to know about it,” said a company leader as part of a longer message to us.

As that tipster above wisely said it – for better or worse – we are in an era of infowars. Fake news has to be understood. Which is why we have, among the topics from the week that was, a Daily Business News report on fake news, and how to spot it. That features a short video by a mainstream media expert and award-winning journalist, who is now free from her mega-company.

Help us, help you, help your team. For the sake of your children and grandchildren. This is bigger than our industry, but logically – if you focus on getting the truth out about our industry – that’s an important start.

Here, thinkers like you are not alone. In our avoidably modest-sized industry today, north of 10,000 average logged on daily in recent months, per third-party metrics. For our boutique industry, that 10,000 average daily readers is incredible market penetration.

But it is also reflective of the fact that researchers about manufactured housing – who are often investors – are here day by day too.

The two most common words we get from readers, are “thank you,” and we in turn thank you – our readers, sources, clients and sponsors. Together, we advance.

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Submit confidential or on-the-record news tips, or comments at this linked email mailto:iReportMHNewsTips@mhmsm.com.

Note that we don’t create a clickable linked box for every report, but you will find over 20 Daily Business News reports that are linked for every given week.

With no further adieu, here are the curated news items and related topics from the week that was, Sunday December 9 to December 16, 2018.

 

What’s New on MHLivingNews

 

The First Step to Problem Solving and #HousingChoice

 

What’s New from MHARR

President Trump Announces Nominee Dr. Mark Calabria to Become New Director of Federal Housing Finance Agency

 

What’s New from the Masthead

It’s Your Profession – Investment of Time, Talent, Treasure – So What’s Next?

 

What’s New on the Daily Business News on MHProNews

11DailyBusinessNewsMHProNewsLogos

Saturday 12.15.2018 

ObamaCare Struck Down, MHVille Insights, Impact, and What’s Next

ObamaCare Struck Down, MHVille Insights, Impact, and What’s Next

 

Friday 12.14.2018 

Legacy Housing Exclusive to MHProNews on Firm’s Solid IPO, Plus MH Market Updates

Legacy Housing Exclusive to MHProNews on Firm’s Solid IPO, Plus MH Market Updates

Home Loan Limits Raised in Over 3,000 U.S. Counties

Home Loan Limits Raised in Over 3,000 U.S. Counties

With Storm Clouds Over Cavco, Eyes on Legacy Housing (LEGH) IPO Today

Joint HUD, White House Announcements Aim to Advance the American Dream

Joint HUD, White House Announcements Aim to Advance the American Dream

 

Thursday 12.13.2018 

2020 Contender Presidential Julian Castro, Obama Era HUD Secretary Announces Exploratory Run

2020 Contender Presidential Julian Castro, Obama Era HUD Secretary Announces Exploratory Run

Legal “Incoming” – Tip on Cavco Industries CVCO, plus Manufactured Housing Industry Connected Stock Updates

Legal “Incoming” – Tip on Cavco Industries CVCO, plus Manufactured Housing Industry Connected Stock Updates

#1 Texas Among States with New HUD Code Sales, Experiences Shipment Drop, Facts Reveal Warning Signs

#1 Texas Among States with New HUD Code Sales, Experiences Shipment Drop, Facts Reveal Warning Signs

“Check Your Facts,” “Follow the Money” – Journalist Sharyl Attkisson, Fake News, MHVille Takeaways

“Check Your Facts,” “Follow the Money” – Journalist Sharyl Attkisson, Fake News, MHVille Takeaways

 

Wednesday 12.12.2018 

Post “Debacle” – Insider Trade @ Cavco Industries – Has CVCO Hit Bottom? Plus, Manufactured Housing Equities Market Updates 

2019 Manufactured Housing Plant Shows

2019 Manufactured Housing Plant Shows

Rep Jeb Hensarling Applauds Appointment of Dr. Mark Calabria to Head FHFA

Rep Jeb Hensarling Applauds Appointment of Dr. Mark Calabria to Head FHFA

“Lots of Sizzle,” Clayton Sales Performance, Other MHI & Clayton Homes News Tips

“Lots of Sizzle,” Clayton Sales Performance, Other MHI & Clayton Homes News Tips

 

Tuesday 12.11.2018 

Who REALLY Runs America? MHVille Timely Reminder, Columbia Law Prof Philip Hamburger Video

Who REALLY Runs America? MHVille Timely Reminder, Columbia Law Prof Philip Hamburger Video

Border Sparks Fly! Senator Chuck Schumer, Rep Nancy Pelosi, POTUS Donald Trump Feisty Video, Costs Benefits, plus MH Market Updates

Border Sparks Fly! Senator Chuck Schumer, Rep Nancy Pelosi, POTUS Donald Trump Feisty Video, Costs Benefits, plus MH Market Updates

What Others Say – Legacy Housing Corp (LEGH) IPO Set for 12.14.2018 

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

 

Monday 12.10.2018

Stocks Rebound Despite Clouds over Huawei, China, Brexit, Plus MH Market Updates

Louisville and Tunica Manufactured Housing Shows, Controversial Profitable, Problematic Issues Loom

Louisville and Tunica Manufactured Housing Shows, Controversial Profitable, Problematic Issues Loom

Skyline-Champion (SKY) Manufactured and Modular Factory Home-Builders, Real vs Faked or Misleading News, Reports

Skyline-Champion (SKY) Manufactured and Modular Factory Home-Builders, Real vs Faked or Misleading News, Reports

”Your Time is Up, White People” SA Politician Declares, Stirring Up Unrest Impacts MHVille, USA

”Your Time is Up, White People” SA Politician Declares, Stirring Up Unrest Impacts MHVille, USA

 

Sunday 12.09.2018 

Winter 2018-2019 in Manufactured Housing Land

Winter 2018-2019 in Manufactured Housing Land

Together with thousands of honest MHVille pros of good will, we can make our industry achieve its great potential. That’s done by making American lives better, together. “We Provide, You Decide.” © ## (Sunday Morning, weekly headline news review, analysis, and commentary.)

NOTICE: You can join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

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3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

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.

 

 

Related Reports:

Clayton’s Miss, Kevin and Tim’s Manufactured Housing Kill Shot, More

 

What Just Happened, to Cavco, Independent Communities, Retailers, and Manufactured Housing?

 

The Coming Breakup of Berkshire? MHI? Plus Sunday Headline Recap 10-14-2018 to 10-21-2018

 

Joint HUD, White House Announcements Aim to Advance the American Dream

December 14th, 2018 Comments off

JointHUDWhiteHouseAnnouncemntsAimtoRevitalizeAmericanDreamDailyBusinessNewsMHProNews

Press releases from both the Department of Housing and Urban Development (HUD) and the White House pressroom to the Daily Business News on MHProNews could be summed up with this goal in mind.

 

There is a need to revive, expand, and protect the American Dream for all.

President Donald J. Trump signed a new EO – Executive Order – based upon authority from the 2017 Tax Cut and Jobs Act of 2017. It is meant to foster development of the opportunity zones that MHProNews has previously reported on, for example, in the two articles linked below.

 

Factory-Built Housing Pros, Opportunity Zones Roll-Out Approaches, Insider Look

 

Each article can be accessed by clicking on the linked box, later, for more details.  Because there are already – per reports – some in factory-built housing that are preparing to act on these opportunities.

 

Opportunity Zones Law in Place, Poised to Benefit Some 50,000,000 Americans

 

Given a pending fuller implementation of the Manufactured Housing Improvement Act (MHIA) of 2000 and/or under Affirmatively Furthering Fair Housing (AFFH), these Opportunity Zones could be welcome news for HUD Code manufactured home and other factory- builders.

 

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

The creation of more jobs, and less government dependency clearly are good for people, budgets, and those who want to serve the millions who have been trapped in programs and economic conditions that arguably keeps millions poorer.

The HUD press release will be first, followed by a complementary but broader media statement from the White House afterwards.

Please note that by providing these federal releases in toto, it gives industry readers an opportunity to see the take – in this case – from the White House and HUD, unfiltered by other media.  MHProNews tees up the factory-built home industry context, you get to see for yourself what these branches of your government have to say.

 

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

SECRETARY CARSON TO LEAD WHITE HOUSE

OPPORTUNITY AND REVITALIZATION COUNCIL

 

WASHINGTON – Today, President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson.

 

The Council’s 13 Federal member agencies will engage with governments at all levels on ways to more effectively use taxpayer dollars to revitalize low-income communities. The Council will improve revitalization efforts by streamlining, coordinating, and targeting existing Federal programs to Opportunity Zones, economically distressed communities where new investments may be eligible for preferential tax treatment.

 

Additionally, the Council will consider legislative proposals and undertake regulatory reform to remove barriers to revitalization efforts and present the President with options to encourage capital investment in economically distressed communities.

 

“These are still early days for the work of the Council and Opportunity Zones, but the groundwork has been laid,” Secretary Carson said. “The seeds the President has planted are growing and the promise they hold will improve places long forgotten, and the lives of those who call those places home.”

 

President Trump signed the 2017 Tax Cuts and Jobs Act, creating Opportunity Zones to stimulate long-term investments in low-income communities. The program offers capital gains tax relief to those who invest in these distressed areas. This program is anticipated to spur $100 billion in private capital investment in Opportunity Zones. Incentivizing investment in low-income communities fosters economic revitalization, job creation, and promotes sustainable economic growth across the nation, especially in communities HUD serves. Read more about the Opportunity Zones program.

 

Opportunity Zones are a powerful vehicle for bringing economic growth and job creation to the American communities that need it the most.  On average, the median family income in an Opportunity Zone is 37 percent below the state median. To date, 8,761 communities in all 50 States, Washington D.C., and five Territories have been designated as Opportunity Zones. Nearly 35 million Americans live in communities designated as Opportunity Zones.

Currently, there are approximately 380,000 Public Housing units and approximately 340,000 Project-Based Rental Assistance units within Opportunity Zones. Nearly a third of the more than 100,000 rental units preserved through HUD’s Rental Assistance Demonstration (RAD) are located in Opportunity Zones. Read more about the RAD program.

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Opportunity Zones are a key part of the tax cuts signed into law by President Donald J. Trump last December. Today, they got another huge boost.

“For decades, job growth and investment have been concentrated in a few major metropolitan areas,” the President said after signing an executive order to create the White House Opportunity and Revitalization Council. “Some cities have thrived, while others have suffered chronic economic and social hardship. With Opportunity Zones, we are drawing investment into neglected and underserved communities of America.”

The purpose of Opportunity Zones is to lift up communities that have been neglected by Washington and left behind for far too long. The typical family income in these areas is 37 percent below their state’s median level. The average poverty rate is 32 percent—almost double the national average. Nearly 35 million Americans live in these communities. Now, help is on the way.

Here’s how it works: Tax relief is offered in exchange for long-term investments in the low-income communities that need it most. These poorer areas begin to see more job creation and lasting growth. This private investment fuels human potential in these communities, whereas government spending programs too often extinguish it.

The upshot: All Americans, regardless of zip code, should have access to the American Dream. With Opportunity Zones, we get closer to that reality.

President Trump is lifting up the communities that Washington forgot.

Watch: The President signs today’s executive order

  ——————————-

‘We need to know who is coming in and going out’


Yesterday’s tragic terror attack at a Christmas market in Strasbourg, France, reminds us that national security is nothing without border security.

Secretary of State Mike Pompeo explained the stakes. “This is an enormous challenge. We have this problem in the United States as well,” he said. “Lots of folks that we’re watching, we think are at risk, we try to monitor. But the numbers are so big. It’s why, frankly, border security matters.”

“We need to know who is coming in and out of our country.”

Controlling the border is a matter of public safety—one that includes many threats beyond terrorism. From October 2017 through this July, U.S. Border Patrol seized 6,423 pounds of cocaine, 532 pounds of heroin, 439,531 pounds of marijuana, 10,382 pounds of methamphetamine, and 332 pounds of fentanyl from Border Patrol checkpoints.

It’s time to make a deal. There’s nothing partisan about protecting our borders to encourage legal immigration.

Throwback: When Sen. Chuck Schumer believed in securing our border

Watch: President Trump host Democrat leaders in the Oval Office

For years, Democrats have acknowledged the need for border security—even voting for it in the past. Why won’t they come to the table in 2018?

###

That’s this morning’s “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

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

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

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

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

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.

Related Reports: Click the Boxes Below to Read More...

“Check Your Facts,” “Follow the Money” – Journalist Sharyl Attkisson, Fake News, MHVille Takeaways

Strong Job, Economic Data Contrast with Market Fears, Plus MH Stock Updates

Factory-Built Housing Pros, Opportunity Zones Roll-Out Approaches, Insider Look

October 26th, 2018 Comments off

FactoryBuiltHousingProsOpportunityZOnesRollOutApproachesInsiderLookDailyBusinessNewsMHProNews

Almost anything you care to mention that comes out of Washington D.C. takes time.

Last February, the Daily Business News spotlighted Senator Tim Scott’s (SC-R) insights on Opportunity Zones.  Opportunity Zones were part of the Tax Cuts and Jobs Act of 2017.

 

Opportunity Zones Law in Place, Poised to Benefit Some 50,000,000 Americans

 

As with many federal laws, regulations must be crafted.  Comments on proposed rules must be received.  Only then that the rules are made, and finally rolled out.  It is at the end of the that process that business people and investors can begin making that law ready to go to work.

 

 

Senator Scott could be a contender for the GOP nomination in the 2024 cycle, so this plan and he will be of interest on several levels.

 

 

In a release to MHProNews, Globe St. pointed to a timely update on this topic.  It came in the form of a Q&A with Real Estate Roundtable President and CEO Jeffrey DeBoer and Roundtable Senior Vice President and Counsel Ryan McCormick.

They have given a detailed analysis of the proposed rules for Enterprise Zones, and their implications for the real estate and housing in their Q&A.

On October 19, Treasury and the IRS released highly anticipated regulatory guidance related to the Opportunity Zone program. GlobeSt.com asked Real Estate Roundtable President and CEO Jeffrey DeBoer and Roundtable Senior Vice President and Counsel Ryan McCormick to explain the proposed rules and their implications for the real estate industry.

What is your main takeaway from the new Treasury regulations on Opportunity Zones?

DeBoer: The Treasury guidance is a clear indication the Administration is fully committed to an Opportunity Zone program that spurs broad-based job creation and creates new economic opportunity for businesses, entrepreneurs, and residents in low-income communities. The regulations help to implement the objectives of the lawmakers who designed the program, such as Senator Tim Scott (R-SC). With the regulatory regime now taking shape, we foresee Opportunity Fund investors actively partnering with local leaders and entrepreneurs on projects that both drive economic activity and respond to the needs of communities.

 

What do the proposed regulations mean for real estate?

DeBoer: For real estate, the proposed regulations are unquestionably positive. They clarify key technical questions and open issues, and they should allow investments in funds and in underlying projects to go forward. While some important questions remain, we continue to believe that the Opportunity Zone program will be a powerful catalyst for transformational real estate investment in these designated low-income areas.

 

See the rest of the interview at this link here.

 

Factory Built Housing Pros, Investors:

Keep in mind that millions of housing units are needed, many of them in or near urban areas. Manufactured housing has a practical advantage of enhanced preemption, so long as that provision of the Manufactured Housing Improvement Act of 2000 (MHIA) is implemented.

While modular or prefabs are what are commonly considered for high-rise building, as MHProNews has reminded readers, there are also opportunities for high-rise construction that could use HUD Code homes. ICYMI, or need a refresher, see that report at the link below.

 

High-Rise Manufactured Home Stackable Towers, Compete with Modular/PreFabs, Density at Lower Cost

 

The Trump Administration has placed numerous efforts in motion, all of which are designed to grow the economy nationally.  But each of these measures, which include incentives and regulatory roll-backs, has local implications. See the linked reports above, and related reports, further below. That’s “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

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

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide 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 Re-sources

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.

 

Related Reports:

Senator Tim Scott, Rep. Erik Paulsen – Overlooked Part of Tax Reform, Plus New Credit Plan for ALL Housing, Including Manufactured Homes

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

 

 

Globe St ‘Discovers’ Manufactured Homes – “Competition Heats Up in the Mobile Home Market”

August 28th, 2018 Comments off

 

KelsiMareeBorlandGlobeStManufacturedHousingINdustryDailyBusinessNewsMHproNEws600

There are statements made or reported by the mainstream or specialty media, such as the one that follows, that routinely includes a mix of interesting, wrong, and problematic elements.

 

Writing for Globe Street, a commercial real estate investor focused publication, Kelsi Maree Borland says some things that would bring a mixture of agreement plus hard-to-swallow reaction by thousands of manufactured home industry professionals. Ditto that type of potential feedback from long-time investors in the manufactured home communities sector.

For example, Borland writes, “Once considered a high-risk investment, investors are seeing more and more stability and NOI growth in mobile homes.”  Anyone who’s been in manufactured home communities for several decades know how stable that sector has been.

For example, Equity LifeStyle Properties (ELS) was formed in December 1992, and has steadily grown.  Even during the so-called Great Recession, manufactured home communities – what Borland calls “mobile home parks1,” consistently performed better than most any other real estate sector.

Borland cites Hunter Thompson from Cash Flow Connections as his source for the article published August 27, 2018.

HunterThompsonLinkedInDailyBusinessNewsMHproNews600The investor owns the land lot and tenants own their home,” said Borland, who then quotes Thompson. “This has many benefits including the stability of the tenant base and pride of ownership in the assets. Furthermore, the homes are very costly to move, usually $5,000, and are typically only worth $5,000-$20,000. The mathematics results in the tenants staying for much longer than other asset classes,” says Thompson.”

While there are older communities that such a description might fit, there are thousands of industry professionals who would nuance or reject that kind of description as applying to their community(ies).

While Thompson says that demand for mobile home parks is directly correlated with the economy and grows as demand for affordable housing grows, limited development of new parks has also greatly helped to fuel the stability of these assets,” writes Borland.

The Globe Street writer then quotes Thompson again, “Municipalities and government agencies all over the US have banned the development of MHPs, creating a significant supply/demand disequilibrium which investors can take advantage of,” he says.

There’s a mix of useful and problematic statements made in his GlobeSt report. This is nothing new for MHVille, which certainly needs all the positive or accurate reporting it can get.  Certainly, “competition is heating up,” and that perhaps is the most accurate part of the story, from the vantage point of MHVille.

This is yet another example of why the industry needs positive engagement of the media, as Frank Rolfe has said on stage, and in writing.

 

With a more level playing field in:

  • Locations,
  • enhanced preemption,
  • lending,
  • coupled with the correct type of education and promotion could lead the industry to new glory days.

See the related reports, linked below. “That’s news through the lens of manufactured homes, and factory-built housing.” © ## (News, analysis, and commentary.)

Footnote 1: in most cases, the proper term for a land-lease community like the ones being discussed would be manufactured home community, not mobile home park.  A possible caveat would be if the homes and property are filled with true pre-HUD Code mobile homes.

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

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.

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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.

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Introducing the Verge and Curbed’s “Home of the Future” – Video

 

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 5.6.2018 to 5.13.2018

May 13th, 2018 Comments off

SundayMorningManufacturedHousingINdustryResearchDataReportsHeadlineNewsRecap562018to5132018MHProNews

 

Millions could care less about politics. Many don’t want to talk about religion either. Especially those in business, who want to be able to serve as many people as possible, topics like that are almost a taboo.

Then there is “industry politics.”  Some only want to hear ‘good news.’  ‘We keep it positive’ was part of a longer thread of messages from an industry blogger.

Isn’t that like not wanting to know when it will rain, hail, snow – or if a hurricane is coming your way?

When the industry was on its heels in October of 2009, the year what’s known as MHProNews launched, there was a need then to get industry professionals to rally.  That required cheer leading, but it also required the facts that supported the reasons to be confident in our factory-built home – notably HUD Code manufactured home – industry.  But modular, prefab, conventional – all housing slid in those days

The automotive, RV, and conventional housing industry recovered more rapidly than manufactured homes did.  Why?  Document and fact laden Smoking Gun 3 will help answer that question.

MHProNews waited to see who among the industry’s trade voices would let the thousands who didn’t go to Las Vegas know that the MHI event was repeatedly disrupted by protestors. It’s on video. See that on the Masthead, because who else in the industry among industry trade talkers will bring you what is real?

We don’t want disunity,’ or ‘But we don’t want to hear negative things,’ some say.  Sure, we get that on the Daily Business News, but as an MD by training, I can tell you that patients don’t want to hear that they have a serious illness either.  Early treatment is the path to the cure.

The doctor, attorney, or account who tells you only what you want to hear can get sued for malpractice.  Don’t you want reliable information, not just happy talk?

As an MD and as a mother-to-be, I didn’t want to hear that our son Tamas wasn’t going to live.  But thank God, by prayer and daily action, he did live and while it required a complete change of plan for me personally, look at what a child who spent much of the first years of his life in a hospital looks like today.

DisplayModelTunicaManufacturedHousingShowTamasKovachAttendeeDailyBusinessNewsMHProNews

Tamas Kovach (pronounced like “TahMash CoVatch), is part of the MHProNews/MHLivingNews family, with a Tunica Show attendee. Numerous such photos are taken during the course of the event.

Sacrifices were made in my career for the sake of our son.  Because we faced a tough reality in the face – through that combination of action and prayer – the payoff with our son was priceless. Almost everyone who meets him rapidly says, how special he is.  At the affordable housing focus group, our son went from table to table, telling joke after joke, to the delight of the attendees, while the video cameras, mics. and lights were being set up.

Every child is special.  Every adult is too.

On MHLivingNews, where the industry truly needs something positive, we do that better than anyone ever in the history of the industry.  But we also use that site to disprove time and again the false and misleading concepts that are held by millions.  It is done factually, based upon evidence, using as often as possible third party research, actual home owners, or other experts. No one else in the history of the industry has produced more such research, useful, and positive content.

The industry still needs a level of confidence building.  But it also needs reality checks and fact checks so that those who hide the facts – who hide the real news, and what’s going on behind the scenes – are shown to be who they are.

In the real world, people do bad things to each other, like it or not.  You have to be ready for that, as a mature adult.

In medicine, you change the prescription and the treatment according to the evidence and to suit the case of the patient.  We pivoted on our format here on MHProNews several times, to suit the evolving situation and to follow the evidence, while following the money.

There’s an affordable housing crisis, and manufactured housing might break the 100,000 shipment mark this year.  That, to borrow HUD Secretary Ben Carson’s phrase, is “ridiculous.”  See Greener and Stylish to better understand just how ridiculous some of what’s been going on in MHVille truly is.

Or on the Masthead, see a report you have yet to see anywhere else in manufactured housing industry trade news or commentary.

Or look at the modular survey for a different reality check.  Some want to run to mods as the solution.  We embrace all kinds of factory built housing.  But if someone thinks that “going modular” alone is the answer, that survey is a wake up call.

The latest MH Industry BIG DEAL is below, with details not found in the official press release.

Not just those, but every story we publish is carefully curated to inform – and yes, inspire – industry professionals.

That’s why you made and keep us the runaway #1 trade media in the industry. That’s what third party facts reveal. Thank you for that confidence.  We don’t ever intend to betray it, even if it means tell you some tough realities. From the biggest names in the industry, to the mom-and-pops, and all in between – plus public officials, investors and others – they all flock to read here by the thousands daily. That’s just a fact.

FactsDetailsMatterScrabbleLettersManufacturedHomeIndustryDailyBusinessNewsMHProNews

On the nightly market report, we summarize headlines from CNN Money and Fox Business – about as different as you can get – just to give you a fuller sense of how dramatically different the same events are often covered.

We’ve done that for years.  It is called balance.  It’s called fairness. That’s what being truly pro-industry looks like.

Count on us to tell you what the evidence points to, what it means for industry professionals, so that you can better navigate your decisions and actions.  Then, you’ll understand this tag lines, MH “Industry News, Tips and Views Pros Can Use.” ©We Provide, You Decide.” ©

That said, let’s dive into your Sunday Morning Headline news recap…

 

What’s New on MHLivingNews

Evolutionary American Dream, from Tiny Trailer Houses, Mobile Homes, to “Amazing” Modern Manufactured Homes

Evolutionary American Dream, from Tiny Trailer Houses, Mobile Homes, to “Amazing” Modern Manufactured Homes

 

What’s New on the Masthead

Anti-MH Industry MHAction Protesters Have Struck Manufactured Housing Again, and Again

Anti-MH Industry MHAction Protesters Have Struck Manufactured Housing Again, and Again

 

May Featured Articles

http://mhmarketingsalesmanagement.com/featured-articles/may-2018 

FeaturedArticlesReportsMay2018ManufacturedHousingIndustryInterviewsDailyBusinessNewsMHproNews_001

What’s New on the Daily Business News

DailyBusinessNewsLogoMHProNewsLogo (1)

Saturday 5.12.2018

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

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

 

Friday 5.11.2018

Reprieve in Community Closure Collision, Another Round Ahead?

Reprieve in Community Closure Collision, Another Round Ahead?

Hyperloop Nearly Complete, Pros, Cons, Videos, MH Impacts – Plus Manufactured Housing Industry Investor Market Reports, Data

Manufactured Housing Supporting VP Mike Pence in Elkhart, Indiana – Highlights

Manufactured Housing Supporting VP Mike Pence in Elkhart, Indiana – Highlights

White House Official Statement on Artificial Intelligence – Industry and Business Summit

 

Thursday 5.10.2018

Home Group Commissions YouGov Study, Most Don’t Understand Modular Homes

Home Group Commissions YouGov Study, Most Don’t Understand Modular Homes

Communities and Counties Pay People to Move There, Plus Manufactured Housing Industry Market Reports

Governor Signs new “Mobile Home” Act

Governor Signs new “Mobile Home” Act

Coldwater, Tall Grass, P&Z Battles, Manufactured Home Community Plan OK’d – Manufactured Housing and the Don Westphal Back Story

Coldwater, Tall Grass, P&Z Battles, Manufactured Home Community Plan OK’d – Manufactured Housing and the Don Westphal Back Story

 

Wednesday 5.9.2018

Uber Flying Taxis, Manufactured Housing Impact – Plus Manufactured Home Industry Market Data, Updates

Manufactured Housing and the Midterms, what did Democratic and GOP Primaries Signal?

Manufactured Housing and the Midterms, what did Democratic and GOP Primaries Signal?

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

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

Yes! Communities Closes on Major Deal, Added Insights Not in Media Release

Yes! Communities Closes on Major Deal, Added Insights Not in Media Release

 

Tuesday 5.8.2018

Manufactured Home Nonprofit Affordable Housing Initiative Brings Joy, But Hits Wall

Manufactured Home Nonprofit Affordable Housing Initiative Brings Joy, But Hits Wall

Stocks Mixed After POTUS Trump Announcement, Plus Manufactured Housing Industry Market Updates

Promoting Home Ownership and Private Property is Premised by Understanding This

Promoting Home Ownership and Private Property is Premised by Understanding This

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

 

Monday 5.7.2018

Warren Buffett on President Trump’s Tax Cut, Berkshire Video, Plus MH Stocks, Market Update$

Manufactured Housing Roadblock? BBC Reports “Trailer Park Living”

Manufactured Housing Roadblock? BBC Reports “Trailer Park Living”

Style or Substance? Lesson from Most Hated in America – Monday Morning Manufactured Home Sales, Marketing Meeting

Style or Substance? Lesson from Most Hated in America – Monday Morning Manufactured Home Sales, Marketing Meeting

Affordable Housing Revolt! Amazon’s Jeff Bezos Video Responds to “Breakup” Growing Monopoly, and Manufactured Housing

Affordable Housing Revolt! Amazon’s Jeff Bezos Video Responds to “Breakup” Growing Monopoly, and Manufactured Housing

 

Sunday 5.6.2018

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 4.29.2018 to 5.6.2018

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 4.29.2018 to 5.6.2018

The above is just what the doctor ordered for this past week. Thanks to those who noticed that I took a little time off at the end of this past week, it was great, but glad to be back too. ## (Headline news, week in review, analysis, and commentary.)

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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

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

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

 

Investors’ View of Manufactured Housing Industry Production & Retail – Cavco Industries (CVCO)

April 6th, 2018 Comments off

CavcoIndustriesInvestorsViewManufacturedHousingDailyBusinessNewsMHProNews

With the stock markets roiled by uncertainty sparked by political events, concerns over “a trade war” that’s been underway for decades, and a number of tech giants bruised over regulatory issues, smart money investors are in search of options.

 

FocusedTransformationGrowthCavcoIndustriesCVCOManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

While many investment opportunities can be found, perhaps among the highest ranking contrarian investment strategies would be manufactured housing production, retail, and development.

 

CavcoSnapshotManufacturedHousingIndustryDailyBusinessNewsMHProNews1

There are those who question some of Warren Buffett’s politics and business practices, but one principle he’s proven for years is that buying and operating a good company allows the investor to control their own destiny, instead of riding a roller coaster with the sometimes turbulent markets. Buffett is a buy and hold guy, saying “our favorite holding period is forever.” on good operations in business sectors that he says are easy to understand. Buffett has bet billions on Manufactured Housing, and Cavco Chairman Joe Stegmayer hails from years at Berkshire Hathaway owned Clayton Homes.

 

A Brief Note on the MH Community Sector

Before diving into this report, there is certainly an ongoing interest in manufactured home communities as one of the more appealing sectors in commercial real estate. Loan performance on manufactured home communities – even during the so-called Great Recession – was better than most.

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

 

But the competition for communities has grown quite intense. Portfolios pros tell MHProNews that they are still doing community deals, but the super-bargains are harder to find than 5 years ago.

That said, with the correct relationships, the community sector still has strong appeal. A snapshot of a publicly traded industry giant – Sun Communities (SUI) is linked above.

 

CavcoCVCOAgeRestrictedResortCommunitiesManufacturedHomeIndustryDailyBusinessnewsMHProNews600

Cavco supplies homes to land lease manufactured home communities, as well as others who retail or rent manufactured housing.

 

Snapshot of the Logic of Investing in Affordable Housing

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

CapeCodStyleHomeManufacturedHousingIndustryDailyBusinessNewsMHProNews

Manufactured Housing “Top Ten Truths”

Some other hidden gems of manufactured housing are summed up in the following report, and the brief but potent insights in the video that follows.

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

 

 
MultiFamilyMultiStoryProjectsCavcoCVCOManufacturedModularPrefabHousingIndustryDailyBsuinessNewsMHProNews

 

Production, Retail and Development

Retailers, and some HUD Code manufactured home builders report they are supplying more homes going into various kinds of new developments.

CavcoCVCOCompanyHighlightsManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Among them are developments geared for rental housing. The returns on that, per sources to the Daily Business News, can be attractive. The cost of developing with manufactured homes can be lower and faster than conventional building of single or multifamily housing.

 

 

But perhaps the biggest gem hiding in plain sight is manufactured home production that’s tied to retail.

CVCOManufacturedHousingIndustryProfileManufacturedHousingIndustryDailyBusinessNewsMHProNews

There are several possible business models.  As a quick overview there are those HUD Code manufactured home builders which:

  • supply independents,
  • at least one builder that actively supports the establishment of new independent manufactured home retailers,
  • those producers whose operations are entirely vertical,
  • and those which include a mix of vertical and independent companies.

Clayton, Cavco and Champion – to their respective degrees – follow the latter pattern; selling to their own sales centers, as well as to independently owned dealers.

Skyline Corp, Champion Homebuilders Conference Call Presentation Facts, Figures, Forward-Looking Statements, Planned Merger Detail$

There seems to be an apparent variation between the data cited by Cavco, and that cited by Champion-Skyline during their conference call that discussed their pending merger.

ManufacturedHousingIndustryProfileAprox9MllionHouseholds22MillionAmericans9percentSingleFamilyHousingStock

Investor$, Manufactured Housing, and Proof of Concept

Cavco and Champion have each claimed to be larger than the other in market share. There are several possible explanations, but the Daily Business News merely notes that observation for now, and is taking no position at this time in that intra-MHI member data dispute.

ResortRentalModelManufacturedHousingIndustryDailyBUsinessNewsMHProNEws

From Cavco’s (CVCO) Investor Relations Page

Cavco is a leading designer and builder of systems-built structures including manufactured homes, modular homes, commercial buildings, park model RVs, and vacation cabins. We operate 20 manufacturing facilities across the nation, which build some of the most widely recognized brand names in the industry: Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Nationwide Homes, Fairmont Homes, Friendship Homes, Chariot Eagle and Lexington Homes. The company’s insurance group, Standard Casualty, offers a wide range of insurance products for manufactured home owners and its finance subsidiary, CountryPlace Mortgage, offers a variety of homebuyer financing options.

CavcoCVCOkitchenManufacturedHousingIndustryDailyBusinessNewsMHProNEws

As a corporation publicly traded on the NASDAQ Global Select Market (symbol CVCO), we have a commitment to our stockholders, our people, and our homebuyers to provide quality housing and exceptional service. In recognition of its innovation, customer service, and long term stability, Cavco Industries has been awarded the following accolades:

  • MHI Manufacturer of the Year, for seven consecutive years
  • Forbes Magazine 100 Best Managed Companies in the U.S.
  • Forbes Magazine America’s 100 Best Small Companies

CompellingMasterBedroomCavcoCVCOManufacturedHousingINdustryDailyBusinessNewsMHProNews

CavcoCVCOSystemsBuiltInFactoryModulesFittedTogetherManufacturedHousingINdustryDailyBUisnessNewsMHProNewsFactoryVsSiteBuildingLessWasteTheftCAVCOCVCOManufacturedHousingIndustryDailyBusinessNewsMHproNewsManufacturedHousingMarketDailyBusinessNewsMHProNews

We like some of the Skyline Champion and Sun Communities industry data presentation better than what Cavco provides, so the charts below are from information they’ve provided.

ManufacturedHomeShipmentTrendsPercentageNewHomeStartsSkylineChampionPowerPointMastheadBlogDailyBusinessNewsMHProNews

SunCommunitiesSUI-InvestorPage11ManufacturedHomeVsSingleFamilyHousingManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

SunCommunitiesSUI-InvestorPageComparetoMultiFamilyHousing10ManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

The industry – and investors – have to ask and answer the question, if manufactured homes are such an amazing value, why isn’t the industry doing better? It’s a question that investors and newcomers put to MHProNews.  Part of the answer can be found in the report linked below, which spotlights the Urban Institute’s asking and responding to the same question.

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

Last and not least is this report that looks at why a new post-production association is needed in manufactured housing.  This provides several clues as to why the industry isn’t performing better today.

Study Recommending New Manufactured Housing Association for Independent Retailers, Communities, Lenders, Others Released

Finally, a bit of history also helps. The manufactured home industry was far more vibrant and diverse in days gone by.  Understanding the past – something that Warren Buffett strongly believes in, plus understanding the present – can provide powerful insights as to what is possible in the future.

“Move, Open, Live” De Rose Industries & Senator Thom Tillis’ Mobile Home Comments

Appealing Manufactured Housing Institute (MHI) Marketing, Finance Booklet Reviewed

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Bloomberg, HousingWire, Realtor and Fox all suggest Manufactured Homes as Important Solution for Affordable Housing in America

The bottom line is that the right combination of capital committed to long-term thinking, that attracts a blend of industry veterans and new blood, and that is willing to buck the ruling oligarchy could dominate in manufactured housing.   “We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

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

Consulting, Marketing, Video, Recruiting, and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

Immediate Expensing, Investing in Manufactured Housing, Developments w/Manufactured Homes

January 12th, 2018 Comments off

TaxBreaksMHProNewsDevelopingInvestingManufacturedHousingMHProNewsBillions are being freed up from tax reform domestically. Hundreds of billions more poised to come back into the U.S. via repatriation and from foreign capital.

Could manufactured homes and PreFab housing witness a new wave of investments?

The smart-money, early indications are; yes.

Housing is a trillion-dollar-plus annual industry.  There’s an affordable housing shortage of some 8 plus million units needed, now.

Plus, there are ‘disastrous opportunities’ awaiting the visionaries who are willing to – as has Warren Buffett or Sam Zell – made longer term investments.

New Production Center Opening; While Some States Struggle, Others Roll On

While investments in existing communities has drawn more headlines, it is also an arena packed with competitors. The Zell mantra of – when others are going right, look left – could be applied to new manufactured home production centers, retailing, and developing.

The entire playing field could be shifting in the coming years for manufactured homes, and the broader factory built housing.

Private Equity Fund Grabbing 2 PreFab Home Builders

What makes manufactured housing particularly attractive are the combinations of the following:

 

  • Enhanced preemption – with the Trump Administration repeatedly saying they will enforce the law – it could be a big time for the manufactured home industry on the preemption front, given the language in the Manufactured Housing Improvement Act of 2000.
  • Quality, Safety, Speed, Dramatically Lower Costs – as regular readers/viewers on MHLivingNews and MHProNews know, the industry’s reality is far different from the common perception. That’s an opportunity in disguise.
  • Immediate Expensing – Fox Business and other media outlets are touting what could be the next wave caused by the Immediate Expensing provision of the new tax law. Lending with land/home mortgage, or home only (chattel, personal property loans).

Against this backdrop, we present the video interview with Mike Harrison, of Lifeway Homes in Tulsa, OK.

ElectedOfficalExplainsSurprisingModernManufacturedHomesVideoInterviewMHLivingNews

Harrison helped arrange the previous, popular interview with an elected public official, who knows manufactured homes first hand, and praises them.  To see that video and report, click the above.

 

While Harrison has years of single family placement experiences, he’s been involved in several development and redevelopment projects, using manufactured and modular homes.

The disaster of Puerto Rico alone represents billions of dollars in opportunities for the visionary.

 

New HUD Code Manufactured Home Factory Opening, State Announces Hundreds of News Jobs

TheXFactorManufacturedHousingsSuprisingSolutoins

After the tax and regulatory cuts, investing – and investment dollars – looking to enter American business are ramping up.

That said, arguably new and existing players in the industry need to avoid the many pitfalls of the past, while navigating toward the opportunities.

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

The data doesn’t lie. When 8 million plus housing units are needed, and the quality and safety of manufactured homes has never been better, don’t be surprised if the next ‘Buffett or Zell’ will soon enter the space.

Manufactured Housing Institute (MHI) Gives Written Responses – “Part of a Rigged, Corrupt System”

With the Trump administration’s more business friendly and enforce the law stance, much of the ground work is already in place.

Billionaires and billion-dollar operations are doing all they think they can to expand their footprint.  That’s a key takeaway from award winning industry veteran, Alan Amy in this brief video.

 

The Bottom Line

There are few opportunities as robust as manufactured housing in America is today. But it isn’t low hanging fruit. It looks like – and is – work.

Which is why it requires long term thinking, and behavior, to result in success. ## (News, analysis, and commentary.)

Note 1: Stay in the know! Thousands of MH Pros, Investors, Officials and Housing Experts do it. You, your team, and industry colleagues can sign up to the MH Industry leading headline news/updates – typically sent twice weekly – click here to sign up in just seconds.

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UMH Properties Q2 Conference Call Reveals a Winning Strategy in Manufactured Home Communities sector

August 9th, 2016 Comments off
UMHPropertiesSalesCenterBelleVernon-PA-postedDailyBusinessNews-MHProNews-

UMH Sales Center, Belle Vernon, PA.

MHProNews was privy to the August 5th conference call conducted by UMH Properties, Inc. Participants included corporate management, members from UMH’s Board, as well as analysts, advisors and investors familiar with the community and retail segments of the MH Industry.

Nelli Madden, Director of Investor Relations hosted the call, as key figures presented their findings.

The second-quarter earnings ending June 30, 2016 were presented as a series of positive outcomes and with an optimistic outlook for the rest of the year.  This stands in contrast to some outside MH analysts, who at times have questioned UMH Properties’ business model.

UMHPropertiesPart22016QSECfilingsReport-postedDailyBusinessNews-MHProNews

Part of UMH Q2 report, for full report download, click the image above.

NelliMaddenDirectorInvestorRelations-UMHProperties-credit-LinkedIn-posted-MHProNews-

Nelli Madden, UMH, Director of Investor Relations. Photo credit, LinkedIn.

Several key factors were credited for the firm’s current rally, which they report will also act as a base for the sustainable growth projections into the future. Readers should consider these within SEC guidelines.

UMHPropertiesPart22016QSECfilingsReport-postedDailyBusinessNews-first6months-MHProNews

Part of UMH Q2 report, for full report download, click the image above.

The general performance of UMH’s Communities, specifically their rental home program, was a catalyst for their progressive momentum. The occupancy rate of UMH’s rental portfolio rose 150 base points and the company’s goal for 2016 of delivering 800 additional rental houses is well on its way.

collage2-ribbon-cutting-port-royal-umh-regional-retail-sales-center-belle-vernon-pa-manufacturedhomelivingnews-com (1)

Photo collage by MHLivingNews.com, to see the related report to the collage above, click on the image above.

This second quarter follows a positive first quarter and will, in turn, set the stage for a year which Chairman, Eugene Landy described by saying:

EugeneLandy-InsideMH-ManufacturedHousingIndustryNewsmakerInterview-postedDailyBusinessNewsMHProNews-

Still from a video interview conducted by MHProNews – Inside MH series – to see the video interview, click here or the photo above.

We are very pleased with how 2016 is progressing and believe we are well-positioned for an excellent year. “

President and CEO Samuel Landy recognized challenges within the industry – such as cap rate compression caused in part by increased competition for properties, community improvement expenses and maintenance of rental units – but continued to outline UMH’s fruitful strategy of diversification. CEO Landy said,

We are pleased to announce another strong quarter of operating results. During the quarter, we:

  • Increased Core FFO per diluted share to $0.18, representing a 50 percent increase over the prior year period;
  • Increased Normalized FFO per diluted share to $0.16, representing a 33.3 percent increase over the prior year period;
  • Increased Rental and Related Income by 25 percent over the prior year period;
  • Increased Community Net Operating Income (“NOI”) by 33 percent over the prior year period;
  • Increased Same Property Occupancy by 180 basis points over the prior year period, from 82.4 percent to 84.2 percent;
  • Increased Same Property NOI by 21.4 percent over the prior year period;
  • Decreased our Operating Expense Ratio by 320 basis points over the prior year period from 51 percent to 47.8 percent;
  • Increased homes sales by 72.4 percent over the prior year period from $1.6 million to $2.8 million, and increased the number of homes sold by 53 percent, from 32 homes sold to 49 homes sold;
  • Increased our rental home portfolio by 228 homes, representing an increase of 5.8 percent from the first quarter of 2016 and a 42 percent increase over the prior year period to approximately 4,100 total rental homes;
  • Increased rental home occupancy by 150 basis points from 92.9 percent at year end 2015, to 94.4 percent at quarter end;
  • Increased the unrealized gain on our REIT securities investments to $16.4 million at quarter end, in addition to recognizing realized gains of $782,000; and
  • Issued 2,000,000 shares of our 8 percent Series B Cumulative Redeemable Preferred Stock in a registered direct placement at a purchase price of $25.50 per share, raising approximately $49.1 million in net proceeds.”

 

UMHPropertiesPart22016QSECfilingsReport-postedDailyBusinessNews-Compare2016YTD2016-MHProNews

Part of UMH Q2 report, for full report download, click the image above.

A manager at UMH told MHProNews off the record that, Hearing the meeting this morning really made me smile and get even more excited for UMH.”

The video interview above with homeowners will showcase
for industry newcomers the appeal to home seekers of today’s
manufactured homes and the MH Community lifestyle.

Portfolio sectors including Core FFO and their securities portfolio provided leverage and hedging potential to edge the company forward.

Key inquiries posed by attending analysts were centered on spending plans in terms of community acquisitions and their proposed closing dates.

Management proceeded to justify their acquisition and investment strategy by highlighting the growth and income generating potential of the rental sector when in line with targeted market cap rates.

Notes mentioned included the much agreed upon necessity of eliminating regulatory obstacles that hinder the growth of the industry.  Landy has been an outspoken champion of reforming CFPB’s implementation of Dodd-Frank regulations, as Inside MH  previously reported in a video linked here.

It was an engaging conference call that highlighted not only UMH’s plan and optimism – but also for the manufactured home communities sector, and the MH Industry as a whole.

Company Market Summary as of Aug 8, 2016

UMHProperteisIncAugust82016StockSummary-postedDailyBusinessNews-MHProNews

Click the image above to see the August 8th Manufactured Housing industry related stock market report.

Insights and comments on a recent report by Seeking Alpha that include UMH are linked here.

tim williams exev vp ohio mfg homes assoc

Tim Williams, OMHA Executive Director.

Commenting on Seeking Alpha’s report, Tim Williams – Executive Director for the Ohio Manufactured Homes Association (OMHA) — stated in part that,

SUN and UMH are very active in Ohio. UMH has made a significant number of park acquisitions in Ohio these last several years.

With the overall home ownership rate at the lowest level in decades and the difficult lending environment, MH REITS are uniquely positioned to prosper along with MH in the coming years. Our affordability, whether owning an MH or renting, is unmatched and will continue to increasingly fill this gap in declining site-built home ownership rates.”

UMH Properties is one of several publicly traded manufactured housing-connected stocks tracked by the Daily Business News market report; the most recent one is linked here.

The entire 2016 Q2 conference call transcript can be downloaded, here. As regular MHProNews readers know, UMH has doubled their footprint in the MHC sector in roughly five years.##

(Sources – PRNewswire, UMH Second Quarter Report and MHProNews.)

FrankGriffinDailyBusinessNewDBNwriterMHProNewsManufacturedHousingIndustryNews75x75

Frank Griffin, Daily Business News, MHProNews.

Article submitted by Frank Griffin, to the Daily Business News, MHProNews.com.

Alpha Touts Manufactured Home Communities for Healthy Boomers are Becoming Hot Investments

December 19th, 2014 Comments off

sun-communities=credit-posted-daily-business-news-mhpronews-com-Think that investing in a “senior” community means assisted living or nursing care? Think again. Many of today’s seniors are fit and healthy and living an active lifestyle. Many live in country-club-like manufactured home communities (MHCs) that feature pools, fitness facilities, game rooms, shuffle board, and assorted other amenities that appeal to fit and healthy seniors.

Who is singing such praises about investing in manufactured home communities?

Seeking Alpha (SA), a website focused on stock market news and financial analysis, extolls the wisdom in investing in Real Estate Investment Trusts (REITs) that cater to active seniors. SA profiled Sun Communities, Inc. (NYSE:SUI).

Besides operating all age communities, Sun has tapped into the expanding group of healthy and active seniors.

Their wisdom is confirmed by several sources including Care REIT (NYSE:HCN), which says that ”the number of people aged 75 and up is set to increase five times faster than the overall population.” That means that between 2014 and 2034 the number of people older than 75 will nearly double, going from 28 million to 52 million.

Other studies show that 85 percent of the 75 to 84 group doesn’t need help, and that 60 percent of the 85+ group doesn’t need a lot of help. It seems that REITs that provide housing to healthy boomers are set to see even more residents.

Obviously benefiting from this information, Sun Communities is taking steps to increase its holdings. Currently, this organization is involved in a $1.32 billion acquisition that will increase their holdings to 245 communities with approximately 90,000 home sites. More than half of these are located in Florida and Michigan. The deal, says SA,expected to increase funds from operations between 5% and 8% next year once the multi-step deal is fully completed.”

Alpha didn’t mention Sun’s recent $258 million deal for 7 MHCs in the Orlando FL market, but MHProfessionals focused on the land lease community sector didn’t miss that or its implication.

Such interest in MHCs is good news for the manufactured housing industry.  Older people, often being careful with their assets, often have the money to purchase a nice manufactured home in one of these choice communities. This appears to be a segment of the population on which manufactured housing professionals can cultivate and depend upon. ##

Related Stories:

(Photo Credit: Sun Communities)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article submitted by Sandra Lane to – Daily Business News – MHProNews.

12 Million MH Community deal in Rio Grande Valley

October 9th, 2014 Comments off

parkbridge-capital=logo-posted=daily-business-news-mhpronews-Parkbridge Capital Group, LLC manager Lee Meekcoms, whose name is already well established in the real estate industry, led the closing of a $12,000,000 transaction between a private investor from Florida and Paradise Park in the McAllen-Pharr area of the Rio Grande Valley of Texas. Clearwater FL based Parkbridge specializes in real estate sales and investments focusing on mobile homes, manufactured homes and RV resorts.

The transaction included the acquisition and a loan to enhance cash flow. Meekcoms revealed “This investment for the Paradise Park was a significant opportunity, the group is already planning the future. ABC10  and PR Web   tell MHProNews, Parkbridge is actively seeking more such Manufactured Home (MH) Communities in markets all over the Sunbelt.

Reasons for the excitement around investing in MH Communities revolve around the rising value of such properties, as demand for quality affordable living is growing.

Resorts like Paradise Park which offer a luxurious environment at affordable rates are growing in appeal to retirees seeking for alternative ways of living. The Texas location, with all sorts of features, resembles a private club with clubhouse, pool and spa, billiards tables, gym and more.

Targeting the baby boomers market for MH seems to have a bright future in the Sunbelt. The warming sun and affordable living are a desirable combination for seniors looking to relocate. Closings like this, or the recent $1.32 billion dollar SUN-American Land Lease deal, confirm there are opportunities for investors looking to maximize cash-flow in the MHC segment of the commercial real estate space. ##

(Image Credit: Parkbridge Capital Logo)

(Daily Business News article submitted by Lucine Colignon)