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Posts Tagged ‘MI’

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

July 9th, 2018 Comments off

 

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

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

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

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

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

ConstructionofModestsizedHomesRemainsLimitedHarvardJCHS2018ManufacturedModularHousingDailyBuisnessNewsMHPronEws

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

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

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

While Manufactured Housing Overall Rises, Some Slip Sliding Away

 

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

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

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

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

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

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

Related Reports:

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

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

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

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

8 Trump Voters, One Year Later – How They Feel, per Bloomberg

November 28th, 2017 Comments off

84BattleGroundstatesBloomberg!YearLaterDonaldTrumpVotersIt’s been a little over a year since the historic voting that thrust first time candidate Donald J. Trump into the White House over Democratic rival Secretary Hillary Clinton.

Much of the news media – across the left-right media bias spectrum captured in the graphic further below by Sharyl Attkisson – were in shock on November 9th when the Clinton campaign conceded the race in a phone call.

Against that backdrop, left-leaning Bloomberg reported the following.

In the aftermath of November’s election, there was the sense in many East Coast circles that it wouldn’t take long for the voters of Middle America to regret their decision to put Donald Trump in the White House,” per Bloomberg’s writers – Esmé E. Deprez , Jeff Green, Mark Niquette and Elise Young.

Nine months later, we’ve found few signs of such remorse,” they said.

We’ve been tracking a group of Trump supporters from the four key Heartland states that helped swing the election:

Wisconsin, Pennsylvania, Ohio and Michigan,” per their report.

True, there has been slippage in support for him in some cases, but what comes through clearly is that the emotional bond between the firebrand politician and his base remains very strong. Here they are–eight portraits in all–in their own words.”

LeftRightMediaBiasChartDailySharylAttkissonDailyBusinessNewsMHPronEws

MHProNews notes the original story is linked further below, and will only show the top lines with this brief commentary.

When a non-push-poll (a manipulative kind of survey) is used, others in media have had similar findings to Bloomberg.

Is that a surprise?

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With

  • unemployment at a 17-year low,
  • with consumer confidence at a 17-year high. And
  • the markets having set dozens of records since the election, there are practical reasons why voters are staying loyal to the president and Vice President Mike Pence, who both affirmed, “We are going to be in the promise keeping business.”

Here’s the 8 President Trump voters, and how they rate him one year after the vote.

Byrn Biemeck, Milwaukee, WI.

BrynBiemeckMilwaukeeWI31SingleTrumpVoterBloombergHowTheLikePotusTrumpTodayDailyBuisnessNewsMHProNEws

Michael Makowski, Concordville, PA.

MichaelMakowskiCOndorvillePA54SmallBusinessMarriedBloombergDailyBusinessNewsMHProNewsAnn Peterson, Rochester, MI.

AnnPetersonRochesterMI52YearOldRealEstateBloombergDailyBuisnessNewsMHProNewsGeno DiFabio, Youngstown, OH.

GenoDiFabioYoungstownOH54DriverMarriedBloombergDailyBusinessNewsMHProNewsKim Woodrosky, Wilkes-Barre, PA.

 

KimWoodroskyWilkesBarrePA53RealEstateInvestorBloombergDailyBusienssNewsMHProNewsTom Anslow, Port Clinton, OH.

TomVivianoSterlingHeightsMI50ProgramManagerAutoAutmoationMarriedBloombergDailyBusinessNewsMHProNews

William Chaney, La Crosse, WI.

WilliamChaneyLaCrosseWI41AccountExecWholesaleMortgBloombergDailyBuisnessNewsMHproNewsTom Viviano, Sterling Heights, MI.

TomVivianoSterlingHeightsMI50ProgramManagerAutoAutmoationMarriedBloombergDailyBusinessNewsMHProNews533

Why are they loyal?  As noted, the president and his administration have been in the promise keeping business.

Mulvaney Moves Quickly to Start Reigning in the CFPB

Last night’s closing numbers, plus the spotlight report and the Trump effect on the markets – 1 year later – are all found at the link below.


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

Experts Answer, Where’s the Top of this Market? MH Update$

(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.

 

 

 

“Controversial Modular Home” Will Be Removed From Development, Industry Reactions

October 14th, 2017 Comments off
ModularHomeAllendaletownshipMIchiganMLiveSherryKuytDailyBusinessNewsMHProNews

The factory-built home, as many industry professionals observed, once finished is residential in appearance and set over a basement; yet the neighbors pushed back. The builder will remove the home, and site build a house in its place.

Social media lit up with comments from factory-built housing professionals.

They were commenting on what local media claimed was a nearly completed modular home that was being forced out off its home site and out of a reportedly hostile neighborhood.

A new home erected in an Allendale Township neighborhood less than a month ago will be removed following complaints by neighbors, according to developer Merwyn Koster,” wrote Sherry Kuyt for MLive.

Bill Sheffer, with the Michigan Manufactured Housing Association, told MHProNews that he believes that Kuyt seemed to understands the terminology, and meant “modular” home, per the report.

The 1,387-square-foot ranch is located at 5367 Crestfield Lane in the Springfields III development, north of Pierce Street and east of 56th Avenue,” Kuyt stated.

5367CrestfieldLnAllendaleMI49401DailyBusinessNewsMHProNews

SherryKuytMLiveDailyBusinessNewsMHProNewsThe three-bedroom home is of modular construction,” Kuyt wrote, “which means it was built in a factory and shipped in sections to the site, according to Kirk Scharphorn Jr., the township’s zoning administrator.”

I believe from my read, that he seems to understand what a modular home is,“ Sheffer told the Daily Business WilliamBillShefferExecDirectorMichiganManufacturedHousingAssociationDailyBusinessNewsMHProNewsNews.

The Modular Building Institute’s Executive Director,  Tom Hardiman, told MHProNews that, “Hard to say from looking at it. If it has a HUD label, its HUD. If it has a Michigan state industrialized building label its mod. Its either built to the IRC or not.”

 

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Tom Hardiman, Modular Building Institute, credit, Bisnow.

NIMBY…

What seems certain is that regardless of the code, neighbors raised such a ruckus that the “nearly completed” home would be removed.

AllendaleCharterTownshipNearGrandRapidsMIDailyBusinessNewsMHProNews

We have received complaints … it is apparent that the neighbors do not want to see a non-traditional home go up in the neighborhood,” said Allendale Township Supervisor Adam Elenbaas.

That angle drew complaints on LinkedIn from industry professionals, who said it was a clear case of “NIMBY,” Not in My Back Yard.

NIMBYCreditTheLeftHookDailyBusinessNews

NIMBY (Not In My Back Yard). Credit, The Left Hook.

Elenbaas “said the foundation had been constructed with an appropriate permit, but the permit request for the building was not submitted until the day the sections were brought in. The township issued a stop work order while the situation was being investigated, but a few days later, a permit was issued.”

AdamElenbassAllendaleTownshipSupervisorMIYouTube

Elenbaas said the township has no restrictions against modular homes, as long as they meet building codes,” stated Kuyt’s narrative.

I had to issue a permit … it met all the criteria,” Scharphorn said.

KirkScharphornJrBuildingPlanningZoningJamestownCharterTownshipMIDailyBusinessNewsMHProNewsThis NIMBY tale took place not far from Grand Rapids, MI, where Darren Krolewski Executive Vice President of MHVillage is based.

DarrenKrolowskiDataCompJLTAssocMHVillageEVPCreditDataComp.

Darren Krolewski, MHV.

Krolewski told the Daily Business News, “but if the home meets the building requirements of the township and the community standards of the developer there’s no reason why it shouldn’t be allowed in the neighborhood. It looks comparable to the other homes and the people complaining about it would probably find that it’s built better than their own site-built home at a lower cost.”

Per MLive, the developer reportedly had a say, and decided belatedly against the placement.

Scharphorn said a newer modular home is typically of high quality construction, built in a controlled environment. “They make modulars now that are really, really nice,” he said.

RegionalMapAllendaleCharterTownshipNearGrandRapidsMIDailyBusinessNewsMHProNews

It’s not a mobile home [sic],” he said. “They’re built to exceed minimum code … people driving by them would never know (it’s a modular),” MLive reported.

DefiningSICinJournalismDailyBusinessNewsMHProNews-com

Therein Lies The Rub…

Scharphorn added, “It just looks different when they roll them in on a trailer.”

ControversialModularHomeWillBeRemovedDevelopersaysMLiveSteveLeflerModularLifestylesDailyBusinessNewsMHProNews

The post above, which features the original headline on MLive, is where the social media comments referenced above were made. So, a modular home, which local officials say met the standards, installation was halted, because of local pushback by other residents.

Publisher L. A. “Tony” Kovach posted this comment on LinkedIn, “…Can the builders of MODs and HUDs get along?…this story, if it truly was a modular home, and not a HUD Code home, at least suggests the problem both have in the mind of many in the public. MOD, prefab, and HUD Code manufactured home builders would be wise to collaborate…Part of that collaboration needs to be educational in nature.” ## (News, analysis.)

(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.

Trent Williams loves UFPI – Zacks says Hold on! – plus Insider Trades…

September 22nd, 2016 Comments off
universalforestproductsufpi-bizcard-postedmanufacturedhousingindustrydailybusinessnews-mhpronews

Business card made of wood. Image credit, UFPI.

Universal Forest Products, Inc. (UFPI) was recently listed as one of four homebuilder stocks to buy, according to Zacks Equity Research.

This month, the National Association of Home Builders and Wells Fargo said the builder sentiment increased to 65 from a reported 59 in August. September’s 65 sentiment rating is at its highest since last October, 2015.

The jump has also proved to have a positive impact on investor sentiment.

Grand Rapids, MI-based UFPI manufactures, treats and distributes lumber products for the do-it-yourself, manufactured housing, wholesale lumber and industrial markets.  The stock has an expected EPS (earnings per share) growth rate of 10% over the next three to five years.

Zacks cautions that despite the positive outlook, the company could face some adversity due to geopolitical issues, strong competition, adverse foreign currency movements and higher costs and expenses.

UFPI was one of the top gainers yesterday, along with Equity Lifestyle Properties (ELS), according to the Daily Business News/Bloomberg manufactured housing related stocks tracking report.

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Bloomberg ticker on the Daily Business News, Manufactured Housing Related Stock Markets Report, MHProNews.

Although the company was downgraded from “strong buy” to a “hold” rating by Zacks, the Community Financial News’ Trent Williams, financial research group believes UFPI’s future is, “bright.

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Photo credits, UFPI.

Insider Trades

Other recent UFPI transactions include CEO Matthew J. Missad’s sale of 400 shares of stock for $102.75 a share, for a total transaction of $41,100. Missad currently owns 55,559 shares of UFPI, which are valued at $5,708,687.25. Executive Vice President Robert D. Coleman also sold UFPI stock (2,500 shares).

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1 Year snapshot of UFPI performance, Bloomberg.

The acquisition of Idaho Western and having Robbins Manufacturing Co. on the books is believed to increase UFPI’s revenue by $100 million every year. UFPI also recently acquired manufacturer idX Corp. and has set long-term goals like sales growth of approximately 4% to 6% over positive GDP growth. There are also expectations that new product sales will make up at least 10% of total sales. UFPI, a holding company, is one of the manufactured housing industry connected stocks tracked by the Daily Business News market report, yesterday’s is linked here. ##

(Images credits are as shown above.)

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Joe Dyton, for the Daily Business News, MHProNews.

Submitted by Joe Dyton to the Daily Business News, MHProNews.