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New Manufactured Home Professional’s Website Nears Launch

May 8th, 2019 No comments

 

NewManufacturedHomeProfessionalsWebsiteNearsLaunchDailyBusinessNewsManufacturedModularHousingIndustryMHProNews

This announcement should be of interest or importance to:

 

  • Manufactured housing (MH) industry business owners.
  • Manufactured home (MH) industry executives and professionals.
  • Manufactured housing (MH) industry investors.
  • MH industry advocates, non-profits, researchers, media, public officials, and all other professional groups.

MHProNews.com a.k.a. MHMarketingSalesManagement.com will soon unveil the newest version of MHVille’s #1 “Industry News, Tips, and Views Pros Can Use.”

The current website is large and in some technical ways, complex.  The new version will address several tech items, but it will do so with a fresh look and revitalized organization.  So there will be ‘new’ items to the industry’s top professional’s news site.

Some popular content and features that we’ve not promoted as much in the last 2 years will return.

MHProNews is one of the largest manufactured housing industry websites online for content, and it is already the most read news site by a country mile, as the data linked below reflects. Click the text-image box below for data that no other industry trade media site provides.

 

B2B Statistics, Trends 2019 – April 2019 Snapshot of Manufactured Home Professional Readers

Note that the data shown above understates, rather than overstates data – a problem for those who claim readership numbers that are demonstrably exaggerated.

For Business 2 Business (B2B) marketers, there is simply no better platform in all of manufactured housing than MHProNews.  Who says?

 

CaseyMackTonySoheylaMHProNewsTeamFirstCallDailyBusinessNewsMHProNews

 

But Mack’s on-the-record statement is also logical.  Essentially, the balance of the industry’s trade media regurgitates talking points from the Omaha-Knoxville-Arlington axis of influence.  Perhaps that is understandable, but it is what it is. Where else in MHVille do you get the kind of follow the money, follow the facts, follow the evidence analysis that is provided exclusively right here?

That’s perhaps why leaders who have praised our work for years are reportedly discomforted when we publish fact-check that also invite their and other’s input.  Their silence today speaks as loudly as their praise did.

 

TimWilliams21stMortgagePublicationDailyBusinessNewsMHProNewsMHLivingNews

To see the full on-the-record statement by Williams to MHProNews, click here.

DearTonySoheylaNoGreaterResourceSpeakstoIssuesOpportunitiesWeFaceAsIndependentRetailersGusRodriguezTejasHomesTX

Gus’ message came in response to a series of exposes on issues within manufactured housing, as well as tips, strategies and opportunities.

TomFathCreatedAnIndustryUnderAssaultQuoteWeSucceedWhenCustomersAreHappyDailyBusinessNewsMHProNEws

HowardWalkerEmergenceOfTonyKovachsPublicationsProfessionalsFilledVacuumDailyBusinessNewsMHProNews

AllenColeSVPOxfordBankTrustManufacturedHousingProgramEndorsementDailyBusinessNewsMHProNews

Allen Cole witnessed first hand a dramatical reversal in marketing results achieved by the MHProNews business development team.

BarryColeMHInsuranceRVMHHallofFameCongratsManufacturedHomeIndustryMHProNews

DonGlissonTriadFinancial-DarrenKrolweskiDataCompMHVillage-6thAnniversaryMHProNews-com-

Pro-Honest, Ethical, Sustainable, and Profitable Growth!

Our website’s articles in recent years can be summed up like this. We examine news, issues, and third-party reports through the lens of its impact or meaning for the factory-built housing industry’s potential.

MHProNews break down research and reports in a way that no one else in manufactured or modular housing has done or is doing.

That makes this a powerful resource for marketers and all others seeking to engage the industry professional readers.  From the smaller independents to the largest companies and operations in our industry – plus those in between – their leaders and decision makers are routine readers here.  This we know through a variety of third-party sources.

We get news tips from inside those corporate and association worlds – the kind of statements that are normally not made public. See the related reports, linked below.

The MH Industry’s decision makers and readers are also readers of our email headline news, which you can sign up for in seconds, at this link here.

SubmitNewsTipsCommentsLettersToEditorMHProNews

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.

We’ll lay out more details as the date for our launch approaches. We hereby thank all our readers, news sources, sponsors, and clients for making this work possible. Together, we will continue the effort to protect, educate, and promote the industry from those within and without that are creating barriers for honest, ethical, and profitable growth.

That’s this Wednesday morning edition from the #1 most-read “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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.

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

(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.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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.

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New 2019 U.S. Housing Infographic with Manufactured Home Data Points

February 2nd, 2019 Comments off

 

New2019USHousingInfographicWithHUDCodeManufacturedHomeDataPointsDailyBusinessNewsMHProNews

Image and text designs, MHProNews.

This Saturday morning’s data points will be simple, yet profound.  The Daily Business News on MHProNews begins with the current estimated totals for all U.S. Housing sales for 2018.

 

The total dollar volumes for the chart below uses data collected on 1.31.2019, from the sources as noted.

 

ManufacturedHomeTotalsin1.6TrillionDollarUSHousingIndustry2018-Feb22019

 

Regular MHProNews readers may recall our Daily Business News report that noted Jeff Bezos led Amazon Alexa Fund’s estimate last year that the total potential market for new U.S. prefab housing could be about $330 billion dollars a year.  But the estimated pace for manufactured homes for all of 2018 was only $7.89 billion?

 

That’s opportunity in disguise.  Here’s just one reason why.  The next chart reflects the Census Bureau data from July, that used February 2018 figures. In an affordable housing crisis struck nation that needs over 8 million housing units, per the National Association of Realtors, only factory building can close that gap rapidly enough.  The facts below are just one reason why far more buyers could be won over to modern manufactured homes.

 

 

Americans are demonstrably skeptical about manufactured homes. It is obvious that what’s being done now is not effective enough.  That’s why new as well as proven ways of ‘breaking through’ the confusion with facts and evidence must be used. 

 

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

 

Proven internal and external educational efforts are part of what’s needed.  Because as useful as videos, 3D tech, pretty photos, and sharp websites are, those have been around in MHVille for years.  The needle is barely moving in some states, and is going backwards in others. Facts are what they are.

 

IfPrettyPicturesVideosAloneWereEnoughMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews1

 

What These Facts Suggest

What these data points suggest is just how immense the opportunity is for manufactured homes in 2019 and beyond.  MHProNews has preached that market potential for years.  It has sadly only been more recently that others have begun to corrobrate what should have be obvious.

Manufactured home sales are demonstrably underperforming.  Last night’s latest job numbers from the Bureau of Labor Statistics (BLS) demonstrate that the labor market is growing. Manufacturing in America, once deemed dead by some political leaders just two years ago, is coming back to life. Construction is growing.  The economy is strong, despite some trying to talk it down for political reasons.

While much of the nation is roaring, it is manufactured housing that is snoring.

 

 

Why is the manufactured housing industry struggling so?

 

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

The facts are troubling, but also spell opportunity in disguise. But it will require work, and changes. It is obvious that more of the same will only bring more of the same.

 

Will the industry turn to the so-called leaders that have led and kept the industry at this low point for well over a decade?

 

average-shipment-per-decade-manufactured-home-posted-on-mhpronews-com-d

Graphic provided by Ross Kinzler, former executive director of the Wisconsin Housing Alliance (WHA).

 

Day by day, we get tips from readers that often explain the troubling reasons why manufactured housing is struggling.

 

SubmitNewsTipsCommentsLettersToEditorMHProNews

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.

 

To understand the issues – cause and effects – more clearly, see the related reports, linked further below the by lines and notices.  Some of those reports – ICYMI – are new and ‘read hot.’

 

CaseyMackLegacyHousingManufacturedTinyHomesKudosMHProNews

 

That’s your rousing wake up call. Let the facts inspire you to yearn for more. That’s MH “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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.

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

(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.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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.

 

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Metroplex Video Touts No Down Payment Loans on Manufactured Housing and Modular Homes

January 25th, 2019 Comments off

MetroplexMortgageSvcsVideoNoDownPaymentLoansManufacturedHousingModularHomesMHProNews

I recently discussed the differences between manufactured and modular homes along with the available mortgage options, but today we are going to be very specific and talk about how it can be possible to qualify for a manufactured home with a no down payment USDA loan,” said Sean Stephens, of Metroplex Mortgage Services.

 

The U.S. Department of Agriculture (USDA) handbook defines a manufactured home as follows:

Manufactured housing units are single-or multi-width units constructed partially off-site and then transported to a site to be completed and attached to a permanent foundation. Manufactured homes are built to different construction standards and codes and have different inspection requirements than those manufactured structures generally referred to as “modular” or “panelized” homes.”

Stephens noted that USDA loans for existing manufactured homes are “extremely limited” because the guidelines state that a “purchase of an existing manufactured home is not permitted, unless it is a purchase of an existing Rural Development Section 502 direct loan or guarantee” That means purchasing an existing manufactured home that is not part of any pilot program, and it must already be secured by either a USDA Guaranteed or Direct loan, which makes it a “rare scenario.”

 

SeanStephensMetroplexMortgageServicesUSDALoansVALoansDailyBusinessNewsMHProNews

 

For some years, there have been manufactured home retailers in certain markets that have gained experience at making sales with these loans, which when added to their other sales, have resulted in a total rise in new HUD Code home sales.  There is not much heard about this from the powers that be in MHVille, perhaps because it doesn’t put financing dollars into the coffers of Berkshire Hathaway owned lenders such as 21st Mortgage Corp or Vanderbilt Mortgage and Finance (VMF).

USDA loan and guidelines state the following about manufactured home loans.

Purchase of an eligible new unit, transportation and set-up costs, and purchase of an eligible site if not already owned by the applicant” provided the manufactured home has not been “installed, or occupied at any other site or location.”

Further, “the manufactured home must be classified and taxed as real estate” which translates to the home being on land that is owned because the USDA mortgage must cover both the manufactured home and land where it is located.

Manufactured units may be moved only from the manufacturers or dealer’s lot to the site on which the unit will be guaranteed. This type of unit is eligible as long as the purchase agreement is dated within 12 months of the date the unit was manufactured.”

  • The date of manufacture is available on the factory installed plate on the unit.”
  • Manufactured home units with a manufacture date exceeding 12 months of the purchase agreement contract will be ineligible for a guaranteed loan.”

Metroplex produced the video shown to promote the increased use of USDA loans for manufactured housing sales.

 

While today’s video was meant to give you a summary of this unique part of the program, it is important to remember that minimum credit and qualifying conditions will apply and that additional property conditions are required when you purchase a manufactured home with a no down payment USDA construction loan,” per the company. That’s MH “Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” ## © (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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.

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

(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.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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.

 

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You can click on the image/text boxes to learn more about that topic.

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Manufactured Home Production Decline Accelerates in November 2018

January 3rd, 2019 Comments off

 

ManufacturedHomeProductionDeclineAcceleratesNovember2018DailyBusinessNewsMHProNews

The Daily Business News will save its comments for after the new releases below from MHARR on MHProNews.

 

 

FOR IMMEDIATE RELEASE                                                                   Contact: MHARR                                                                                                                                                                                                                              (202) 783-4087

 

PRODUCTION DECLINE CONTINUES IN NOVEMBER 2018

 

Washington, D.C., January 3, 2019 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), HUD Code manufactured home production declined once again in November 2018. Just-released statistics indicate that HUD Code manufacturers produced 7,670 homes in November 2018, a 10.8% decline from the 8,602 new HUD Code homes produced during November 2017. On a cumulative basis, industry production for 2018 now totals 90,612 homes,[1] still a 5.8% increase over the 85,657 HUD Code homes produced over the same period in 2017.

A further analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through November 2018  — with cumulative, monthly, current year (2018) and prior year (2017) shipments per category as indicated — are:

MHARRLogoManufacturedHousingAssociationForRegulatoryReformLogoNov2018ProductionShipmentDataMHProNews

 

The latest information for November 2018, does not result in any changes to the cumulative top-ten list.

Although industry production as reported for November 2017 may have been skewed somewhat higher due to the production of disaster response homes for the Federal Emergency Management Agency (FEMA) (insofar as the HUD production reports do not differentiate between FEMA production and shipments and units produced for the general consumer market), the fact remains that production levels remain disappointingly low for a HUD Code industry that should be booming based on the strength of the broader economy, including both job and wage growth, versus the increasing cost of other types of housing. In part, as MHARR will soon address in greater detail, the industry’s difficulty in once again reaching – and substantially exceeding – the 100,000 home-per-year benchmark, is, to a substantial degree, a product of continuing problems affecting the industry’s post-production sector, including, principally, exclusionary zoning affecting communities, related placement issues, and most importantly, the continuing unequal secondary market treatment of the nearly 80 percent of manufactured homebuyers who rely on chattel loans to finance the purchase of their home. Significantly, though, it appears that the post-production sector could be on its way to more effectively addressing these and other issues through independent representation at the national level.  More on this development will be forthcoming soon.

The Manufactured Housing Association for Regulatory Reform is a
Washington, D.C.-based national trade association representing the
views and interests of independent producers of
federally-regulated manufactured housing. 

[1] Correcting and updated for a transposition error earlier in 2018.

— 30 —

 

The Daily Business News on MHProNews has been sounding the alarm for months that this was coming.  This pro-industry trade publication has also been cautioning for years that certain states and markets have been going backwards.  All of these are warning signs.  All of this directly refutes certain problematic claims by the Manufactured Housing Institute (MHI).

MHProNews will do its own fuller analysis on this issue in the next 2 days.  Watch for it.  “We Provide, You Decide.” © ## (News , analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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.

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

(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.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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.

 

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“Pants on Fire” – Latest New Manufactured Housing Shipment Report

December 4th, 2018 Comments off

 

PantsonFireNRCC-LatestNewManufacturedHousingShipmentReportDailyBusinessNewsMHProNews

Liar, Liar, Pants on Fire…”

    part of a children’s rhyme to discourage dishonesty.

 

You want to be very careful about lying;

otherwise you are nearly sure to get caught.”

   Mark Twain, advice to youth, per Speakola.

 

Just because something isn’t a lie does not mean that it isn’t deceptive.

A liar knows that he is a liar, but one who speaks mere portions of truth

in order to deceive is a craftsman of destruction.”

   Chris Jami, according to Goodreads.

  

 

Facts and evidence can be nettlesome things.

The latest new HUD Code manufactured home shipment data is in. And the timing couldn’t have been worse for the Manufactured Housing Institute’s (MHI) new video, which brags about how much they are doing to promote the sales of more manufactured homes.

Can you spell ‘embarrassing?’

 

For the second month in a row, the shipments of new HUD Code manufactured homes are down, albeit modestly. But during the same timeframe that Kevin Clayton, CEO of Clayton Homes, and MHI’s SVP Lesli Gooch have taken to mainstream and other industry news media (not us) to claim how manufactured housing is being embraced as a solution to the affordable housing crisis, the shipment levels have dipped two months in a row. 

Ouch. Embarrassing…

According to the latest data from HUD, and the analysis of the Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR), shipments declined .5 percent over the same month last year. 

 MHARROct2018ManufacturedHousingIndustryProductionReportDailyBusinessNewsMHProNews601

 

As MHProNews has alone been reporting to the industry’s professionals for months, there have been numerous warning signs on the horizon.

It’s not a disaster. But it is a cause for quiet concern among some of MHI’s larger members, and the independents alike. There are firms like Legacy Housing that in their recent IPO filing are reporting sales growth that bucks the national trend.  For more details on that, click the box below for that distinctive report.

Legacy Housing IPO, Lending Tree, & New HUD Ruling Updates

 

But the national data clearly reflects that overall, sales for the manufactured home industry at large have slipped. State data, as the Daily Business News on MHProNews has reported, reflects the fact that at least two of the top ten manufactured housing states examined have been losing sales, not gaining them.  One of those exclusive MHProNews reports is available by clicking the box, linked below, which has distinctive but related data with analysis.

 

Another Top Manufactured Home State is Sliding on New HUD Code Home Shipments, More New Data

 

One informed source with long ties to Clayton has said that there are troubling rumors coming from production centers tied to their parent company in Knoxville, TN. Time will tell.

And this two month dip arguably belies MHI’s razzle dazzle claims in their new video, just as the Daily Business News on MHProNews has been warning.  See the previously reported screen captures of the latest MHI video, presented as a collage, below.  Using their own data, taking them at their word, doesn’t it prove the latest national shipment report clearly demonstrate the opposite of what they are claiming?

 

ManufacturedHousingInstituteLogoMHILogoScreenCpaturesMHIvideostatisticalclaimsDailyBusinessNewsMHproNews 

 

Let’s make it simple.

   Over 1/3 of the U.S. are renters.  That represents millions upon millions of potential buyers.

   The National Association for Realtors (NAR) said earlier this year that the nation needs 8.3 million more housing units.

   The National Low Income Housing Coalition (NLIHC) says the nation needs for more affordable housing rental units have risen from 5.8 million to 7.2 million units, per Curbed.

   Manufactured homes are the most affordable kind of new permanent housing in the nation, per NAR’s 2018 research.

   Site builders are stalling on sales, due in part to rising costs and interest rates.

   All of the above are historic reasons why manufactured home sales normally should be rising.

   The RV industry went from trailing manufactured home shipments by 3 to 2 two decades ago, to now outselling manufactured homes by a ratio of some 5 to 1.

   If RVs could grow so much, why not MH?

   And yet given all of the bullets above, new HUD Code manufactured home sales are slipping nationally? Two months in a row?

   How can Kevin Calyton, Tim Williams, Richard ‘Dick’ Jennison or the MHI staff show their faces at Louisville with these troubling results?

 

See MHARR’s full report, by clicking the linked box below.

Production Flatline Continues in October 2018

 

See last month’s HUD Code shipment data by clicking the linked box below.

September 2018 Manufactured Home Production Data Shows Slight Flatline

 

See our pro-active step one of our manufactured housing solutions report from last night, by clicking the linked box below.

 

#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

ManufacturedHmeIndustryAchieveGreatPotentialAddressingResolvingCauseCorePerceptionIssuesLATonyKovachQuotePresentationPhoto

When MHProNews spotlighted that MHI had reputedly done nothing on reaching out to the CFPB in 2017, MHI – perhaps in their embarrassment – began to move to get something done. When MHARR pushed MHI long enough on the DOE energy rule, MHI finally pivoted. It seems that MHI acts for the interests they claim to stand for best when the spotlight hits their lack of action otherwise. Will this story cause them to actually do what their video purportedly claims they do?

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make or offer a cogent explanation?

To better understand the purported deceptions by Berkshire brands and the Arlington, VA based national trade group that they dominate, see the related reports, linked further below. We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

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New Manufactured Home Community Excitement, Reactions to Brewing Controversy

July 12th, 2017 Comments off
CommisionerRayVaughnOKCountyEdmondOKKOCO5ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Image credits are as shown.

How exciting it is that we are having a new community being built in Oklahoma!”

So says Deanna Fields, Executive Director of the Manufactured Housing Association of Oklahoma, as part of a guest column to the Industry Voices blog in MHProNews.com, linked here.

Fields lays out additional facts not found in our original report, which is linked here.

Between the two, a professional reader gets a much fuller and more complete sense of the events, that the Daily Business News is told may be the first new manufactured home community in about thirty years.

But industry excitement is the opposite of the reaction of some locals, who don’t want their upper end bedroom community

DeannaFieldsMHAOExecutiveDirectorManufacturedHousingAssociationOklahomaDailyBusinessNewsResearchReportsMHProNews

Collage by MHProNews, and original photo, image are provided under fair use guidelines.

lifestyle and values disrupted. See those links above for more details that their local media missed. ##

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New Data from NAHB on Cash Sales for Homes

May 5th, 2017 Comments off
NewDatafromNAHBonCashSalesforHomescreditNAHBMPAMagMarletteHomes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Manufactured Housing: a “front and center” solution. Credits: NAHB, MPA Mag, Marlette Homes.

New information from the National Association of Home Builders (NAHB) shows an interesting dynamic taking place with cash sales for homes.

According to MPA Page, NAHB’s analysis of recent census date showed that cash sales accounted for only 4.7 percent of new home sales, down from a peak of 9.5 percent in Q4 of 2014. The marks the lowest level since 2010.

By comparison, conventional mortgages were the dominant financing source for new home sales, coming in at 72.5 percent, the second-highest share since Q4 of 2014.

In an interesting note, the National Association of Realtors (NAR) noted that, despite the small percentage of cash finances in new home sales, a large share of existing homes are sold for cash.

In February 2017, cash sales made up 27 percent of existing home sales – the highest level since November of 2015.

NewDatafromNAHBonCashSalesforHomescreditBuyingBedfordRealEstate-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Buying Bedford Real Estate.

Other data from the NAHB report showed that FHA loans placed second behind conventional loans at 14.8 percent, followed by VA-backed home sales with 8.1 percent.

In the period between the 2001 financial crisis and the recession in 2008, VA loans averaged just 2.9 percent, but increased significantly to 9.3 percent on average after the recession in 2009.

 

Opportunities for Manufactured Housing Abound

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Credit: MHLivingNews.

As the Daily Business News has reported prior, the traditional housing sector remains constrained by a dearth of properties available for sale.

Builders have cited a range of problems including shortages of labor and land as well as rising material prices. A recent survey showed that homebuilder confidence slipped in April from a near 12-year high in March.

The Daily Business NewsMHProNews and MHLivingNews continue to make the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

The myths, and the facts surrounding manufactured housing abound. To learn more, including why manufactured housing is the solution hiding in plain sight for many to achieve the American Dream, click here. ##

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

New Player Enters Manufactured Home, Communites, RV Game

May 5th, 2017 Comments off
newplayersentermhcrvspacecreditApartments-postedtothedailybusinessnewsmhpronewsmhlivingnews

The De Rancho Y Mobile Villa Community. Credit: Apartments.

Gelt Inc., a Tarzana, California based real estate investment firm, has announced the formation of a new subsidiary to purchase and manage manufactured home and RV communities.

According to the San Fernando Valley Business Journal, the new company, called Happy Home Communities, will buy and manage various communities in a sector they feel is primed for growth.

This sector that is under the radar, stable and offers people a low-cost alternative to apartments and homes,” said Gelt partner and co-founder Keith Wasserman and Chief Operations Officer Jeff Harris.

Wasserman and Harris also announced the hiring of Ellie Davis to buy and manage operations of the properties for Happy Home and cultivate broker, lender and resident relationships.

Davis has extensive expertise in the manufactured home sector, managing more than 4,000 home sites and 11 resorts, and was most recently regional VP for Sun Communities in Southfield, Michigan.

Also announced was Happy Home Communities first purchase, De Rancho Y Mobile Villa manufactured home community in nearby Bakersfield.

De Rancho Y already boasts a strong occupancy of 97 percent and a stabilized cashflow yield, but we see continued upside through the renovation of common areas and amenities,” said Davis.

We plan to renovate the playground, sport court, and add an open gazebo/barbeque area or dog park. Other planned improvements include asphalt repairs, pool area renovations and the potential addition of mobile homes [sic] into current vacant spaces.”

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Tarzana, shaded in red. Credit: Google.

The Daily Business NewsMHProNews and MHLivingNews have covered the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

Imagine engineered homes, that meet or exceed strict federal safety, energy and performance standards, built to the nation’s only preemptive code for permanent homes,” said Daily Business News Publisher L.A. “Tony” Kovach.

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L A ‘Tony’ Kovach, credit, MHVillage.

By using the same proven systems that keep costs down on cars, smartphones, clothing or other produced products, you save on labor, time, have about 30% less waste, can buy in bulk and thus save money.”

And the U.S. Census Bureau and Government Accountability Office state our homes are about half the cost of conventional construction,” he added.

For more on companies entering the manufactured housing industry, including Jacksonville, Florida-based Park Place Communities via Crowdfunding, click here. ##

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

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Is Modular Movin’ on Up? Builder Sees Opportunity

April 28th, 2017 Comments off
IsModularMovinonUpcreditMVtimes-postedtothedailybusinessnewsmpronewsmhlivingnews

A Squash Meadow home. Credit: MV Times.

On Martha’s Vineyard, style and price are par for the course. For builder Bill Potter, he saw opportunity to deliver both, with modular, at the right time at the right price.

According to MV Times, when the markets crashed back in 2008, Potter and his wife Terry started asking themselves what they could do with the company then known as Potter Construction.

That brainstorming turned into Squash Meadow, the couple’s firm combining modular construction with onsite building practices, known as hybrid prefab. This would allow higher end customers on Martha’s Vineyard to custom design their homes at an attractive price in what was a skittish economy.

With the concept in mind, the Potters were ready to begin. Then the challenges began.

But we needed a modular building partner who was willing to work with us, to change their business practices to accommodate the need of clients here,” said Bill Potter.

We made a list of seven modular construction companies in the Northeast and pitched them all on their notion. Six said no, but Westchester Modular Homes in Wingdale, N.Y., on the New York/Connecticut border, said yes.”

The two companies married their visions, and started on what would turn into a fruitful journey.

We’d been doing some green building, and we wanted to continue doing that, as well as offering more design choices, and Westchester was willing to adapt,” said Potter.

IsModularMovinonUpcreditMVtimes2-postedtothedailybusinessnewsmpronewsmhlivingnews

Bill Potter. Credit: MV Times.

Originally, Potter Construction had four employees and would hire crews when they were awarded a building contract.

Since their move to hybrid construction, the company, now known as Squash Meadow, now has a management team of ten, and Potter says that on any given day you’ll see “50 Island guys working at our work sites.”

Potter says that the hybrid model proof is in the pudding: clients see savings of 20 percent over traditional site built homes and three month completion times versus one year. For client Julie Fay and her family, they are believers.

This was a stellar experience for us. We bought our land last June, and we were fully moved in by September. Their computerized design system let us walk through every room [in the design phase] and see what our choices looked like. We got a realistic view down to appliances and interior details,” said Fay.

We wanted a green design, and we had a contractor friend look over our shoulders every step of the way. Squash Meadow could do anything. Of course some choices involved a price tag, but it was an easy and predictable process.”

 

A View from the Architectural Angle

Phil Regan, managing partner of Vineyard Haven based Hutker Architects Inc., provided his take on modular.

The modular industry is an affordable option and historically a sort of bucket of parts in dimensions of two, four and eight feet built in units small enough to be shipped. There has not been a lot of design but that is changing,” said Regan.

Modulars are not quite small houses now, but generally are under 2,000 square feet. Above that level, design plays a larger role. There is market demand for modular design but it seems to me that onsite construction and modular methods right now are like a pair of magnets — drawn to each other but when they get close, the direction starts to shift.”

An Expert Take

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Modular Home. Photo credit, Hybrid PreFab Homes.

In MHProNews’ popular, in depth interview series, “A Cup of Coffee with...” Hybrid Prefab Homes President Otis Orsburn shares important details about this.

The hybrid prefab home methodology has been readily accepted by traditional construction contractors, investors, lenders and the ultimate homeowner, ” said Orsburn.otisorsburnhybridprefabhomes-dailybusinessnewsprefabricatedmodularhomeindustry-mhpronews

Another success is creating and managing the plan set that addresses the entire vertical construction of the home.” Orsburn stated that, “Historically, this has been the largest dysfunction when building a home that is replete with factory-built nuances that traditional contractors have not dealt with before.”

Orsburn continued.

These nuances are viewed as weaknesses because they haven’t been utilized in mainstream construction. After attending my classes for general contractors, these contractors become our spokes people.”

For more on activities on bringing affordable housing options to Martha’s Vineyard, including “tiny homes,” click here. ##

 

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

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

Triad Financial Services Creates New Program Manufactured Home Dealers

April 26th, 2017 Comments off
TriadfiancialservicescreatesnewprogramcreditTriad-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Triad.

Triad Financial Services, Inc. tells MHProNews that it has formed the Triad Manufactured Home Risk Purchasing Group (RPG) for manufactured home dealers.

Triad says that it created the program in response to the increasing demand for affordable liability insurance for manufactured home retail dealers. In addition to the insurance savings, the program will also provide periodic loss prevention and risk management information.

Recent changes in the manufactured home general liability insurance markets have undergone changes to where it may be difficult to find affordable coverage for manufactured home dealers,” the company said.

Triad wants to ensure that dealerships across the country are aware of the RPG and the benefits it provides to dealers.”

New Capital

The Daily Business News recently covered Triad’s building on their ongoing process of introducing new capital to the market, including recently bringing Superior, Wisconsin-based Superior Choice Credit Union to the Louisville Manufactured Home Show.

During the show, the Inside MH Road Show team interviewed Boyd and Joel Braun, Executive Vice President and Chief Lending Officer, and Ben Altonen, Executive Vice President and Chief Financial Officer with Superior Choice Credit Union as seen in the video below.

Triad Financial Services is a privately held, full service finance company based in Jacksonville, Florida with locations in Bourbonnais, Illinois; Irvine, California; Atlanta, Georgia and Wichita, Kansas.

The full release from Triad is linked here. ##

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

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews