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Posts Tagged ‘marcus & millichap’

Investment into U.S. Real Estate Market Risen – 3 Year Trend, Says Marcus & Millichap CEO Hessam Nadji

June 28th, 2019 Comments off

 

InvestmentUSRealEstateREITsRisen3YearTrendMarcusMillichapCEOHessamNadjiDailyBusinessNewsMHProNews

A new research report by Marcus & Millichap reflects a three-year trend of rising direct investment into U.S. real estate.  Marcus and Millichap (MMI) is involved in the manufactured housing industry, and in other commercial real estate sectors.  They are among the firms our evening market report tracks that are connected to manufactured housing, with last night’s closing numbers found at this link here.

 

In a release to the Daily Business News on MHProNews, MMI provided this video by left-of-center CNBC along with highlights of some of their findings.

  • CNBC featured Marcus & Millichap’s President and CEO Hessam Nadji. European Investors Attracted by US Economy. U.S. Commercial Real Estate Offers Compelling Yield and Growth Opportunity to Global Investors.

·        Why global capital flows into U.S. CRE have increased

·        Variations among markets across the U.S.

·        REIT, institutional and private investor trends

 

 

 

First quarter GDP for the U.S. was recently confirmed at a 3.1 percent growth rate. While the U.S. trade and other tussles with nation’s around the world has drawn reams of negative digital ink, it is reports like this by Nadji that reflect the reality that hundreds of billions of dollars has flowed into the U.S. for investment purposes since the 2017 tax cut went into effect. Coupled with regulatory roll-backs, the investment environment has improved for businesses of all sizes.

Something has gone right with the U.S. economy.  Perfect?  Absolutely not. Better? To the objective mind, the data Nadji and others cite is clear. Of course, the economy has improved. Sure, more can be done, with the right policies and business climate.

Facts, evidence, reason, and history provide a lens for objectivity. When investors and businesses are craving as much certainty as they can obtain, this MMI report directly and obliquely reflects that a good start has been made.  What happens next is up to “We, the People.” That’s why discerning what happens on November 3, 2020 – election day – matters.  

On May 13, 2019, Nadji did the video below on housing.  He makes a statement that may be a mis-phrasing, that ‘people prefer to rent.’  That there are some 111 million renters, per Apartment List, is beyond question. But prefer to rent?  Doesn’t other research reflect that most renters, given the opportunity want to be homeowners? So says the National Association of Realtors and other evidence confirms that trade group’s findings.  The American dream has never been about renting affordably. It has been about owning, building equity and wealth, and passing it onto the next generation. 

That point aside, Nadji makes several apt observations about forces that impacted the housing market in the last year or so.  Take a look and listen. 

 

 

Housing and related is a multiple trillion-dollar market annually. It has often been said that housing and automotive are among the key drivers of the U.S. economy.  Yet, manufactured housing is underperforming.  That causes objective minds to ask, why?

We’ll pull several thread together in an upcoming report that will once more have that as a bottom line.  The opportunity for manufactured housing professionals has perhaps never been better.  Study after study by third parties reflect the potential.  Research reports by third parties reveal that the quality and value proposition for manufactured housing has been proven for decades.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by their president Tim Williams, Warren Buffett’s direct quotes from that same year’s annual letter, and video recorded comments by Kevin Clayton, all line up in what attorneys who reviewed it see as ‘smoking gun’ evidence of antitrust violations. They demonstrate how thousands of independent retailers, communities, and several producers – among others – where purportedly directly harmed by action that could be deemed an antitrust violation. See for yourself: https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

What’s been largely overlooked in the industry’s trades until reports here and on our sister site began to unravel the evidence and money trails are the role played by what our management and others in the industry believes are clear evidence of market manipulation that artificially suppressed our industry and outcomes. The goal? Arguably for the purposes of consolidation at a discount while eluding regulatory scrutiny. Clayton, 21st Mortgage Corporation, the Manufactured Housing Institute (MHI), and their outside attorney have repeatedly declined comment on these concerns.  If there is nothing to hide, why are they hiding?  The MHI breakaway NAMHCO and MHARR exist precisely because they had no confidence in MHI, which many believe is dominated by various big boy companies, including those owned by Omaha, Nebraska based Berkshire Hathaway. 

 

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews

Never forget that even during medieval times, castles and their moats were in fact breached.

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

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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.

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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.

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Rent Controls and Manufactured Housing Restrictions Targeted in New Presidential Executive Order

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

Independent MH Communities, Retailers – NAMHCO’s Susan Brenton Says What Fueled Break from Manufactured Housing Institute (MHI)

President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates

 

 

 

 

 

 

 

 

New Manufactured Home Community Research Data – Site Fees, Occupancy Survey, YoY Changes, 20 Top U.S. Markets

April 30th, 2019 Comments off

 

LotRentSiteFeesManufacturedHomeCommunityMobileHomeParkResearchDataCompJLTAssocMarcusMillichapMHProNews

Before you take out that credit card to pay for similar data to Datacomp-JLT or others, why not look at what this free snapshot provides. It may save you some money.

 

In a release to the Daily Business News on MHProNews, Marcus & Millichap Research Services provided the following snapshot.

The graphic represents their compiled data from a variety of sources.

 

20TopMetrosUSManufacturedHomeCommunityMobileHomeParkLotRentSiteFeesVacancyRatesYoYChangeAveragePadRentMHProNews

As an additional data point, consider this from Sun Communities recent investor presentation.

 

SunCommunitiesIncSUIRentalofManufacturedHomeVsOtherRentalComparisionsFeb2019IRDec312018DataManufacturedHomeCommunityDailyBusinessNewsMHProNews

The data on left is for the rental of a home and the site.

SunCommunitiesIncSUIFactorsPoweringGrowthFeb2019IRDec312018DataManufacturedHomeCommunityDailyBusinessNewsMHProNews

Marcus & Millichap is one of the publicly trade companies tracked in our evening market report. For the latest data on their firm and others from the manufactured home industry from Tuesday evening, click here.

As a disclaimer, the firm said, “The information contained in this report was obtained from sources deemed to be reliable. Every effort was made to obtain accurate and complete information; however, no representation, warranty or guarantee, express or implied may be made as to the accuracy or reliability of the information contained herein. This is not intended to be a forecast of future events and this is not a guaranty regarding a future event. This is not intended to provide specific investment advice and should not be considered as investment advice.”

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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.

That’s this tonight’s manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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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.

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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.

Related Reports:

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Sun Communities Under the Hood – Data Reveals – Manufactured Homes, Communities, Comparisons with Conventional, Multifamily Housing

$170 Million Manufactured Home Community Acquisition by Giant RHP Properties, 17 MHCs, Now 25 States

 

“Don’t Mess With the Virgin,” Heated Fair Housing Manufactured Home Community Controversy Comes to Conclusion

Law Scrutinizes Equity LifeStyle Properties (ELS) Score of Resident Owned Community (ROC) Deal

GIGO, Esther Sullivan, Clayton Homes, Boston Globe, GSMOL on ‘Manufactured Insecurity-Mobile Home Parks and Americans’ Tenuous Right to Place’

Fannie Mae Reports Billions in Manufactured Home Community Deals, Details Others Lack

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

Eye Opening – Manufactured Homes in National, Global Context

 

 

 

 

 

 

 

 

Texas Commission Talks West Texas Oil Boom, Plus Manufactured Home Market Updates

July 10th, 2018 Comments off

CNNDowJonesIndustrialAverage7102018ManufacturedHousingIndustryDailyBusinessNewsMHproNewsWest Texas. South Dakota. Louisiana. Oklahoma. These are just some of the places that oil, natural gas, and energy have and are creating or supporting jobs that have sold thousands upon thousands of factory built housing units. Tonight’s spotlight focus is an interview with the Texas Commissioner who keeps his eye on the oil industry there.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, just beyond the Manufactured Housing Composite Value for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” ©  It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Univision flip flops on digital strategy, explores sale of Gizmodo and The Onion
  • Trump launches new tariffs on China
  • Tax cut triggers $437 billion explosion of stock buybacks
  • Tesla is going big in China
  • Wall Street has Trump whiplash
  • Trump slashes funding that helps people sign up for Obamacare
  • China is owning the future of cars. German automakers want in
  • The oil market’s shock absorbers are nearly gone
  • Facebook will chip in for users’ birthday fundraisers
  • Microsoft unveils Surface Go to take on iPad
  • Whole Foods announces its Prime Day deal
  • The last Sears in Chicago is closing
  • The United States could be spared the worst in a trade war
  • Why Corporate America is recruiting high schoolers
  • Tesla raises prices in China by 20% in response to tariffs
  • India’s tech firms grow in popularity with country’s grads
  • How Thailand became the ‘Detroit of Asia’
  • These are banned in some cities. The company is valued at $2B
  • Russian company had access to Facebook user data through apps
  • Bitcoin is down 66%. But it still may be the future of money
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Bitcoin prices have been manipulated, study says
  • Russian farmers are ditching the ruble for a new cryptocurrency
  • Bitcoin could ‘bring the internet to a halt,’ banking group warns
  • Smucker is saying goodbye to Pillsbury and its doughboy
  • Pepsi stock pops on strong snack sales
  • Starbucks is removing plastic straws from stores
  • What’s killing Big American Beer?

 

Select Bullets from Fox Business

  • Trump preparing additional tariffs on $200B in Chinese goods
  • The U.S. revealed a list of Chinese goods it will target.
  • Stocks extend winning streak with economy in focus
  • Americans quitting their jobs for better opportunities
  • The ETF market could get a lot bigger – here’s why
  • Some tips for saving on prescription drug costs
  • Oil industry building pipelines to address America’s biggest energy roadblock
  • The big money behind Trump’s Supreme Court pick
  • A deeply conservative political group spent more than $1 million on ad campaigns.
  • Tax law mistake hurting retailers, restaurants
  • This Honda lawn mower will go 150 mph
  • Trump bashes NATO members: Who pays what?
  • Panthers ‘obligated’ to keep Jerry Richardson statue, new owner David Tepper says
  • Yankees’ Cashman, Arizona Cardinals owner back Trump’s Supreme Court pick
  • Used-car prices keep climbing
  • Winners and losers of Trump’s decision to halt ObamaCare payments
  • Global businesses look to this company for help navigating tariffs
  • Walmart set to enter New York City, but not its stores

 

Today’s markets and stocks, at the closing bell…

 YahooClosingMarketsTickers7102018DailyBusinessNewsMHProNews

Manufactured Housing Composite Value (MHCV)

ManufacturedHousingCompositeIndexManufacturedHomeIndustryDailyBusinessNews7102018

One month of data.

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Today is the 4th day of rising markets, as investors are beginning to shrug of the tough talk on trade wars.  But will the announcement of another $200 billion in tariffs targeting China announced late today impact traders?  Time will tell.   A spotlight on Sun Communities is found, linked below.

Forbes Boast$ about Manufactured Home Community Operation

But tonight’s focus is West Texas oil.

Texas Railroad Commissioner Ryan Sitton on efforts to boost pipeline capacity to keep up with drilling at the Permian Basin.  Sitton is the Texas official charged with keeping tabs on the oil industry, and he admits that the supply is outpacing oil pipeline capacity.  He says that that will be corrected through construction in the next 12 to 24 months.

 

As crude oil prices rise over a range of issues, including tensions with Iran, and Russia, U.S production will be ever more important. Another item to keep an eye on for the industry will be when activity starts taking place in ANWAR – which was opened up by legislation enacted by the Trump Administration. That might, just might, cause a wave of factory built homes moving “north to Alaska” at that time.

RyanSittonTexasRailroadCommissionManufacturedHousingINdustryDailyBusinessNewsMHprONews

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

BloombergWatchlist7102018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

U.S. vs China, SCOTUS Pick, Biz Effects, and MH Market Updates

July 9th, 2018 Comments off

CNNmoney7.9.2018ManufacturedHomeStocksMarketsReportsMHProNewsBefore diving into tonight’s feature, millions will tune in tonight to see who President Donald J. Trump will nominate to replace retiring Justice Anthony “Tony” Kennedy on the Supreme Court of the United States (SCOTUS). Some have speculated on a variety of supposed top contenders. An interesting op-ed by Senator Orin Hatch May provide a clue, when it uses the pronoun “she” to describe the pending nominee. 

According to the often-announced plan, sometime after 9 PM ET, the nation will know.

That said, beyond the data for today’s tracked manufactured home industry connected equities, the focus for tonight’s is what Fox Business called a “risky” trade war.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • The product is banned in some cities. The company is valued at $2 billion
  • Sell tech: Morgan Stanley’s warning to investors
  • Disney set to nab 700 million viewers in India
  • Samsung goes big in India with ‘world’s largest mobile factory’
  • Is HBO the next Netflix?
  • Tencent Music could reach $30 billion valuation in US IPO
  • Inside Adidas’ vision for the future
  • Driving the Subaru 360, one of the worst cars ever sold in America
  • ‘Ant-Man and the Wasp’ marks Marvel’s 20th straight No. 1 opening
  • Tariffs cast a shadow as earnings season begins
  • US soybean farmers say China tariffs could result in ‘serious damage’
  • Chicken nuggets, avocados and whiskey. The trade war is making 1,300 products more expensive
  • 4 ways to make your workday more productive
  • What we lose when we let Trump’s tweets and insults take over the news
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Sonos prepares to go public
  • ‘Ant-Man and the Wasp’ caps off Marvel’s blockbuster year
  • Uber and Lyft want to be about so much more than cars
  • Samsung’s run of record profits fizzles out
  • Having more control over your data doesn’t mean it’s safe
  • China says the US has started ‘the biggest trade war’ in history
  • Google’s eerily human phone bot is ready for the real world
  • Boeing’s hypersonic passenger plane could get you from New York to London in 2 hours
  • Boeing and Brazil’s Embraer form $4.75 billion commercial jet venture
  • The new Fox will be a sports and entertainment hub
  • MoviePass rolls out surge pricing
  • Another strong jobs report. Here’s why unemployment jumped
  • Mall vacancies hit six-year high
  • Trump calls journalists ‘bad people’ at rally a week after newsroom shooting
  • Is this the future of home renovation?
  • Amazon could radically change how you get prescriptions
  • These gadgets could transform the lives of visually impaired people
  • Jaguar Land Rover: Brexit threatens our plan to spend $100 billion in the UK

Selected headlines and bullets from Fox Business:

  • Trump rips Pfizer for raising drug prices
  • Winners and losers of Trump’s decision to halt ObamaCare payments
  • Stock rally continues following jobs report
  • The next recession: When, and why it will happen
  • Chinese customs clears some US goods as new tariffs take effect: sources
  • Amazon Prime Day 2018: How to score the best deals
  • Trump’s Supreme Court nominee will be ‘outstanding’: former clerk for Justice Scalia
  • Starbucks is officially going strawless
  • Twitter stock falls as company tackles fake accounts
  • This new game show will pay off your student loan debt
  • Economists understating US GDP
  • Will Elon Musk’s ‘kid submarine’ be used in Thai rescue?
  • War on straws: 5 eco-friendly alternatives to plastic
  • AT&T to overhaul HBO, add more original content: report
  • Trump feeds on the rage of opponents: Varney
  • Elvis, Beatles memorabilia items on display at Hard Rock
  • Twitter stock falls as company tackles fake accounts[overlay type]
  • Twitter stock falls as company tackles fake accounts
  • Why Advanced Micro Devices Stock Gained 59% So Far in 2018
  • How Pandora Media Inc. Shares Soared 63.5% Higher in the First Half of 2018
  • A solid first-quarter report was music to the ears of success-starved shareholders.

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance7.9.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.9.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

It may surprise some to learn that a third-party research found that Fox News is roughly a 50-50 split on coverage that is for-or-against the president and Trump Administration policies.

Seriously?

While many Fox News and Fox Business hosts are pro-POTUS Trump, not all are.

Further, many of the shows feature panel discussion, where they bring in Democratic, or so-called RINO, and “never Trump” backers.

 

The video above is an example of a report that is largely negative about the Trump trade gambit. It isn’t until the very end of the video that you get a sense of why the president is taking this tactic in the first place.

The interview with Forbes’ Steve Forbes is also tentative about the issue of trade.

But there are voices in the business world that think that this is precisely the right strategy, and it is the right time, because there is a nice cushion fueled by more jobs, rising wages, lower taxes, more common sense regulations and the like.

Time will tell.  But as Marty Lavin, or CNBC’s Cramer have observed, the time is right for this battle. If not now, when will the U.S. stand up to China’s theft of intellectual property, or other problematic trade practices?

USChinaTradeWarManufacturedHousingIndustryDailyBusinessNewsMHproNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.9.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

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

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

 

Manufactured Housing National Research Report, Marcus & Millichap Manufactured Home Industry Performance Data

May 2nd, 2018 Comments off

MarcusMillichapManufacturedHousingNationalResearchReport

Potential for Higher Returns Lures New Buyers, Generating Competition; Supply of For-Sale Listings Remains Tight, Boosting Prices,”
Marcus & Millichap (M&M) National Report, First Half of 2018

 

A new research report has been provided by brokerage firm Marcus & Millichap to the Daily Business News.

For those in MHVille who don’t know Marcus & Millichap Inc (MMI), the following description is from their website.

NationalManufacturedHousingRegionsSubregionsMapMMIManufacrturedHomeCommunityIndustryDailyBusinessNewsMHProNews

Powered by Culture: George M. Marcus and William A. Millichap revolutionized the real estate brokerage industry. Marcus & Millichap was designed to go far beyond simply facilitating real estate transactions. It was developed as an entire system dedicated to maximizing value for real estate investors.”

As part of our ongoing periodic series on the true state of the manufactured housing industry, the following summary provided to MHProNews by MMI.  How good are they?  Here’s what a market snapshot tells you investors think of MMI.  Money talks.

MarcusMillichap(MMI)GoogleTickerManufacturedHousingIndustryDailyBusinessNewsMHProNews600

 

Investment Highlights

Buyers are flush with capital amid a scarce supply of available listings throughout most areas of the nation, which has resulted in more off-market transactions. Heightened demand is producing aggressive pricing that keeps cap rates steady despite the rise in interest rates.

In some areas of the country, for-sale listings are further reduced by resident groups in manufactured home communities exercising their right of first refusal and making offers to purchase the park.

PopulationShift65PlusMMIManufacturedHousingINdustryDailyBusinessNewsMHProNews

Exchange buyers remain active. Many of these investors are trading out of other commercial real estate product types, such as apartments, and are unfamiliar with owning a manufactured home community. In many instances the potential for higher returns is luring them to consider park ownership and they are willing to pay a premium to own, helping to drive prices higher.

Communities on well and septic are still slower to trade. Some buyers are searching for a value-add opportunity in parks that have the potential to be hooked up to these city services.”

MarcusMillichapListingsClosedPropertiesManufactuedHomeCommunitiesMHousingIndustryDailyBusinessNewsMHProNews

The MMI research and data reflects the growing demand for manufactured home communities that industry professionals have been reporting for several years, as was noted in last night’s snapshot report on RHP Properties.

Manufactured Home Communities Giant RHP Propertie$ Deal, plus Manufactured Housing Industry Connected Stocks, Market, Data Updates

 

East Region Mid-Atlantic Trends Vacancy:

Strong demand for affordable housing produced a 70-basis-point reduction in vacancy to an average of 6.6 percent during 2017. Vacancy was especially tight in Baltimore at 2.5 percent. Rents: The average rent rose 3.8 percent in 2017 to $381 per month, bolstered by a 5.1 percent surge in Baltimore. Rents have climbed 14 percent over the last five years.”

ManufacturedHomeCommunityPriceAppreciationTrendsMMIManufacuredHomeIndustryProfessionalDailyBusinessNewsMHproNews

The above gives you the flavor of the document, which is a free download.

MetroPerformanceMMIManufacturedHousingIndustryDaiilyBusinessNewsMHProNews

You can sign up for their full national report at this link, here.

 

The Takeaways? 

The facts speak for themselves.  But there are many takeaways, including that manufactured home communities – and the industry at large – could be doing significantly better than they already are.

But we’ll drill that down in an upcoming summary report on manufactured home communities, that should be ready by next week. Investors, industry professionals and advocates, stay tuned.  Newcomer?  Sign up for our industry leading emailed update headline news, below. ## (News, analysis and commentary.)

 

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

Related Reports:

 

Affordable Housing Focus Group – Comparing Housing Options – Conventional Houses, Condo, Rentals, and Manufactured Homes – Up for Growth, National Association of Realtor, Studies

 

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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

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.

“8 Fantastic Years”

August 4th, 2017 Comments off
Congratulations8FantasticYears

Stephanie McAnuff, photo credits, Twitter, McAnuff Group, text credit, MHProNews, provided under fair use guidelines.

Tony, congratulations on 8 fantastic years and cheers to many more!” said Stephanie McAnuff.

In August, 2009, the groundwork for what has become MHProNews and MHLivingNews was started.

Thanks to social media, such as LinkedIn, words of congratulations and encouragement are coming in daily.

While many keep it simple, “Congrats!” “Thank you for all you do,” or “Kudos!” – some come in with more detailed, and specific words of encouragement.  One example is below.

Stephanie is with Marcus & Millichap, “The McAnuff Group,” which specializes in “Real Estate Investing,” per her LinkedIn profile page.

McAnuff said, “Thanks for the great information you put out in the industry. Big fans! Please feel free to share my thoughts about your work as a quote!”

McAnuff elaborated. “We have previously shared your information and articles with live links and credits back to you in our MHP Weekly and our news blog.”

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Stephanie McAnuff,
The McAnuff Group.

She said that the “great information” we publish that crosses our desks…really resonates.” They are “happy” to “help get the information out.”

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Image credit, Flickr.

TEAM

These twin platforms are always about team work, and that includes:

  • Team writers, such as Julia Granowicz.
  • Clients and sponsors, such as Sunshine Homes, MHARR, New Durham Estates, Credit Human, Triad Financial, ROC USA, and others.

Professionals and associations that share their time and expertise in crafting thoughtful responses to specific issues.

Many of those are found on the Industry Voices guest blog, and/or are quoted in articles, such as (no order of importance implied), John Bostick, Donald Tye, Jr., Bob Crawford, Stan Posey, Richard Nodel, Frank Rolfe, Lindsey Bostick, Marty Lavin, Tim Connor, Mark Brunner, Jay Crawford, Jim Ayotte, Mary McBrady, JD Harper, Deanna Fields, DJ Pendleton, Sheila Dey, Don Glisson, Betty Whitaker, Ron Breymier, David Murdock, and scores of others.

The industry will only advance to its full potential when more of the root issues are successfully addressed.  Change takes place in local markets. Change must be location specific.

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Whenever something you and Soheyla publish” McAnuff and scores of others forward emails, post links, and share feedback on or off the record. News and tips come in routinely from readers, just like you.

Our emailed news updates are the single hottest headline news items in the industry, per data that third party MailChimp provides.

The average visitor goes to between 7 and 9 pages per visit.  Compare that to the 3.3 pages average for the typical news site.

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15 minutes a day here and on our sister site of MHLivingNews will make you a better professional. Sharing the fact-based information here and on MHLivingNews is a simple way to advance the understanding and acceptance of this great industry.

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 “My 80 percent friend is not my 20 percent enemy,” said Ronald Reagan. Most industry pros, like McAnuff, find news and information that ‘resonates.’

Actively retired Donald Tye Jr. is one of the advocates for a budding movement to increase the understanding, acceptance, benefit to consumers, investors, businesses and localities made uniquely possible by today’s manufactured homes.

Tye reminded us that change for our industry is akin to the civil rights movement.  He recalls how Dr. Martin Luther King Jr. peacefully worked for change.  Organized efforts to confront ignorance, prejudices, and the forces holding the industry back are all necessary, Tye says.

On behalf of our team and sponsors, we thank you and all who make this possible and who log on daily by the thousands, and have for years. As more work together on the root causes of issues, the best is truly yet to come. ## (Announcements, commentary, thank you.)

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

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

Marcus & Millichap Arrange Sale of Florida MH Communities

March 15th, 2016 Comments off

marcus_and_millichap_arr_sale_of_countryaire_and_kentwood_mhcs__their_creditCommercial real estate investment services firm Marcus & Millichap informs MHProNews that Dan Mulkey of M&M’s Tampa office represented the seller and the buyer in the sale of two adjoining manufactured home communities (MHC) in Tampa, Fla.

The buyer, a private investor who owns several MHCs in the area, paid $2,575,000 for the two all-age communities on the east side of Tampa. Countryaire Mobile Home Park, with 60 home sites, and the 27-home site Kentwood Mobile Home Park sit on 13.79 acres.

Noting the two communities are comprised of newer as well as older single and multi-section homes, Mulkey said, “These two parks have been exceptionally well maintained and provide an excellent addition to the buyer’s existing portfolio of communities.” ##

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016

January 10th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

What PBS NewsHour Missed About Manufactured Home Living

Nicole Barker compares her Modular Home with conventional construction

What’s New in Manufactured Housing Industry Professional News

FHFA may securitize chattel loans. PBS NewsHOur critical of MH industry, as HUD Code production gains sharply in Nov. RV/MH Hall announces inductees. CFPB seeks feedback on mortgage disclosure act. Start of year worst ever for Dow Jones. Modular homes for homeless in Ireland dealt another setback. FEMA manufactured homes readied in Calif wildfire region. Marcus & Millichap arrange two MHC sales. GAO evaluates Dodd-Frank. Domestic modular home industry may lose to imports, as modular development is approved in NC. And much, much more in MH industry news and views for you to pursue.

Saturday, Jan. 9, 2016

FHFA “May” Open the GSE Door to Purchase MH Chattel Loans

Friday, Jan. 8

RV/MH 2016 Hall of Fame Inductees Announced

Dow Continues its Fall; Most MH-related Stocks Follow Suit

Marcus & Millichap Arrange sale of Fla. Manufactured Home Community

Controversy Escalates over Modular Homes in Cape Coral

CFPB Seeks Feedback on the Home Mortgage Disclosure Act

Former MHC Titan’s Tony Condo Yields $4.25M

Thursday, Jan. 7

Marcus& Millichap Notches another MHC Sale

Dow Starts the New Year down 900 points; Most MH-related Stocks Fall, Two Rise

Clayton Teams with Electrolux

21 FEMA MH Near Ready for Occupants in N. Calif.

Foreclosures Waning Steadily in Colorado and Ohio

Wednesday, Jan. 6

Completion of Modular Homes in Ballymun Set for mid-January

Dow Stumbles, Skyline Flies High, AMG Drops

Capital One Provides Loan for Purchase of Calif. Manufactured Home Community

Subdivision Approved for Modular Development in North Carolina

New Home Sales Rise Sharply from Last Year

Tuesday, Jan. 5

Modular Home Development has Begun in the UK

Real Estate Losses in Western North Dakota Start to Mount

Skyline, Sun, UMH all Rise; Patrick Falls

Government Accountability Office Evaluates Dodd-Frank Act Effects

Loan Application Defect Index Falling

In Depth Overview of HUD Code Production for November

Monday, Jan. 4

Mortgage Application Approvals and Home Values Rise

No Covered MH-related Stock Gains as the Dow Hits the Skids

U. S. Modular Home Builders need to Sharpen their Saws

HUD Code Production Spikes in November

More Patrick Stock Sold by Gendell

Really? “Bad bargain? Manufactured homeowners feel the financial strain, PBS NewsHour” MHProNews Flash Report and Analysis

Sunday Morning Recap-Manufactured Housing Industry News Dec. 27, 2015-Jan. 3, 2016 ##

(Photo credit: MHProNews)

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

Marcus & Millichap Arrange sale of Fla. Manufactured Home Community

January 8th, 2016 Comments off

marcus_&_millichap__oak_meadows_mobile_home_parkMHProNews has been informed by Marcus & Millichap that the real estate investment services firm has arranged the sale of Oak Meadows Mobile Home Park in Lakeland, Fla. for $1,125,000.

Dan Mulkey of M&M’s Tampa Bay office represented both buyer and seller in the transaction. The 9.8 acre manufactured home community (MHC) is comprised of 52 home sites.

Although neither the buyer nor seller were identified, M&M states the seller was a limited liability company (LLC) from the state of Washington, and the seller an LLC from Lakeland.

Mulkey, noting the sites are home rentals, said the buyer intends to upgrade the rental units and backfill the vacant sites. ##

(Photo credit: Marcus & Millichap–Oak Meadows Mobile Home Park)

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

Marcus& Millichap Notches another MHC Sale

January 7th, 2016 Comments off

marcus_&_millichap__credit___livingston_livingston_mobile_home_park_lutz_floridaMHProNews has learned from Marcus & Millichap that Dan Mulkey, vice president investments in the firm’s Tampa Bay office, arranged the sale of Livingston Mobile Home Park in Lutz, Fla.

The 65 home site manufactured home community (MHC), set on ten acres, sold for $1,465,000 to a Tampa-based buyer who has interests in several MHCs in the area. Mulkey says the buyer wants to make immediate upgrades to the community.

According to MHVillage, the all age community was built in 1968 with multi-section homes comprising 25 percent of the homes. ##

(Photo credit: Marcus & Millichap–Livingston Mobile Home Park, Lutz, Fla.)

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