Posts Tagged ‘Tennessee’

Mayor Sounds Off on UMH Properties – Data, Documents, & More

October 30th, 2018 Comments off


Mayor Dean Dickey of Columbia, Tennessee was asked to comment via video about Countryside Village location of UMH Properties.


As a housekeeping note for this report, recent data and information from UMH Properties (UMH) will be laced between some other commentary which may not be directly related to the slide/illustration shown.



The video comment by Mayor Dickery are pleasant, but frankly it isn’t compelling dialogue.  The video is grainy, so the Daily Business News on MHProNews shrank the image to make it appear better. Full size, it is not very clear, which may reduce its impact for possible viewers.



That said, the idea to ask a mayor for comments can be prudent. Done professionally, it can be powerful.  This UMH video thus provided a ‘compare and contrast’ ‘teachable moment’ opportunity that public officials can be asked for statements, but also reveals how that can best be done. An example of how that is accomplished is found on MHLivingNews, and is also shown in the video below. Compare the two videos, and then push onto the latest UMH data.



These videos provide a backdrop to new data, documents, and images from UMH Properties, one of the largest manufactured home community operators in the U.S.  The video below is from their 50th anniversary annual meeting last year.



UMH is headquartered in a state that is not currently too manufactured housing friendly. Most of UMH’s locations are in other states. With a GOP contender Bob Hugin in surprisingly in striking distance in the deep blue “Garden State” of a scandal-ridden Senator Bob Menendez (NJ-D), this is also a reminder that the midterms are the time to vote for pro-business, pro-growth politicos.



The right zoning, finance, and other placement policies in New Jersey – and the other 49 states – could open up a number of new home sales options in a state that has outrageously high housing costs.





Sam Landy, JD, president and CEO of UMH Properties (UMH) has taken an interesting view when local media has come after his company for this or that reason.



Landy has said they welcome the media oversight.


That’s an arguably refreshing view, compared to the silence that often comes from the Manufactured Housing Institute (MHI) when a post-production issue is called into question.



Landy has also stood up against rent control, see that, linked here.



Speaking of post-production, a call from a legal operation today that came to MHProNews may signal a new legal issue over the horizon.  MHI was mentioned as part of that inbound phone conversation.  As information develops, and that may take time, the industry’s pros will want to know.  If you aren’t already on our industry-leading emailed news list, click here to sign up free in seconds.



The UMH data is useful not only to investors, but to other industry professionals for a variety of reasons.



It is also a reminder that while occupancy for manufactured home communities is rising – not only at UMH, but nationally too – it foreshadows a coming ‘wall’ for producers, if the industry’s leaders fail to address the numerous SWOT issues that MHProNews and/or the Manufactured Housing Association for Regulatory Reform (MHARR) have raised for years.



Some of these topics are not raised by other in industry trade media. Why not?  Is it because it would prove embarrassing for the Manufactured Housing Institute (MHI), which other publishers are often paid mouth-pieces for – via ads or other gimmies?




Speaking of MHI, almost a week has gone by since MHARR published an update from HUD about an issue that MHI was also advised of by HUD.  Why didn’t MHI email their own members?  They’ve sent out other messages, why not on this topic of interest to retailers and communities?  ICYMI, or need a refresher, see the linked report, below.


HUD “Clarification” on Frost-Free IB Offers More Questions and Confusion Than Answers


The potential for growth in manufactured housing is nothing short of astonishing.  But so long as short sighted, gutless, red-herring, fig-leaf, and/or manipulative strategies are in place that harm smaller firms to the long-term gain of ‘big boy’ producers, the industry will remain limited.


That’s avoidable for individual firms. As UMH President Landy has said to MHProNews, it is up to individual companies to do their own marketing and sales.



The video above opens with a UMH community manager, who praised the energy and insight brought to this industry by our publisher.

As a disclosure, the data from UMH hereby presented are not a specific recommendation.  The screen captures shown are some key points, but the entire IR presentation is located at this link here as a download. We hold no position in UMH, or other companies that are among the tracked stocks presented each business day’s evening.

The closing numbers on UMH, as well as all other manufactured home communities, and manufactured industry, tracked stocks are found at this link here.  The closing ticker graphic shows the 52 week trend, and the daily moves can be monitored nightly in our exclusive reports.

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

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

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


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




Related Reports:

UMH President and CEO, Sam Landy on Rent Control, Manufactured Home Communities


Hundreds of New Manufactured Home Communities Opened, But How Many Have Closed? Industry Research Result$


SWOT – Threats to Manufactured Home Communities, Retailers, Independent Producers, and Others in MHVille




UMH CEO Sam Landy Touts and Tempers Manufactured Home Operation’s Expectations

April 10th, 2018 Comments off


UMH Properties (UMH:NYSE) has both touted and tempered the results and expectations that investors may have with respect to one of the largest players in the manufactured home community (MHC) sector.


To provide a balanced view of the latest reports on the manufactured home (MH) community REIT (Real Estate Investment Trust) – UMH Properties – to MH Industry Professionals and investors, one must take a step back and establish some context.

The Daily Business News is the only MH Industry trade media that tracks their and other stocks connected to manufactured homes.  We’ve done so for years. The closing numbers on the UMH stock last night are linked here.


 So MHProNews and has directly engaged with UMH Properties for years, as well as tracked reports about them by others.  MHProNews has interviewed UMH President Sam Landy a number of times.


The videos posted are both from 2017, but are revealing and relevant precisely as background.  They reflect their leadership’s thinking and company facts in brief.

MHProNews will follow up in the near term with a deeper data dive into UMH, and what that tells us about the trends in manufactured housing in general, as well as in the community sector.

Related reports to the state of the manufactured home industry after the end of the first quarter of 2018 are linked below. ## (News, analysis, and commentary.)  (Third party images are provided under fair use guidelines.)

Related Reports:

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

Intelligence Report – MHI Producer Spotlights “the Plan” for MHCs, Community REITs

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

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

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

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

Clayton Homes Building Out, Giving Back

April 28th, 2017 Comments off

A Clayton Homes kitchen on display. Credit: Clayton Homes.

Clayton Homes, a subsidiary of Warren Buffett’s Berkshire Hathaway, has announced that it’s constructing a $14 million training lodge at its corporate headquarters in Maryville, TN.

This is part of improving the team member experience throughout Clayton,” said Chris Martin, a spokesman for Clayton. “It represents an investment the company is making in its team for years to come.”

According to the Knoxville News Sentinel, the three-story, log cabin-style lodge will replace the old lodge currently on the company’s campus.

Clayton is also working with a Dayton, TN nonprofit called Blazing Hope Ranch to re-purpose some of its old structures.

Blazing Home Ranch helps survivors of human trafficking, and says it will use some of the old buildings on the lodge site to house survivors. Vanderbilt Mortgage, the financing arm of Clayton Homes, also made a donation to Blazing Hope earlier this year.

Clayton has made a number of improvements to its site to better engage employees, including a wellness center, a cafe and a disc golf course. The lodge is designed for offsite team members to stay in when they visit Maryville for training, retreats or conferences.


Buffett and Kevin Clayton. Credit: Reuters.

We have several other projects in the works to make sure our team members have a great place to work,” said CEO Kevin Clayton, also adding that the new building should be completed by June 2018.

As industry professionals and Daily Business News readers are already aware, Clayton Homes is the largest producer of manufactured homes (MH) in North America. Vertically integrated, the company has several hundred retail centers nationwide. Through its affiliates and family of brands, Clayton builds, sells, finances, leases and insures Clayton-built manufactured and modular homes.


The operation also buys products and uses services from other producers.

For the most recent closing numbers on all Berkshire Hathaway – and all MH industry-connected tracked stocks – please click here.  ##

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



RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

Jim Clayton Exclusive on Clayton Bank/FirstBank Merger to MHProNews

February 11th, 2017 Comments off

ClaytonbankandFirstbanklogo-=imagecreditaretherespectivefirmslogosusedhereunderfairuseguidelinesIn a story that MHProNews covered first in manufactured housing, Jim Clayton, Founder and Chairman of Clayton Bank and Clayton Homes, confirmed the “merger” of Clayton Bank and Trust and American City Bank (collectively “Clayton Banks”) and FB Financial Corporation (NYSE: FBK), in a deal valued at $284.2 million.

This event involves a rare instance where Clayton, and FirstBank Chairman Jim Ayers, both owned nearly 100 percent of their respective banks pre-merger, and share a common interest in helping people.

Jim (Ayers) and I have been great friends for decades and have a lot in common, including being from rural West Tennessee,” said Clayton to MHProNews publisher, L. A. “Tony” Kovach.

Jim ClaytonrightLATonyKovachleftPhotocreditMHProNewscom

Jim Clayton, right. L. A. “Tony” Kovach, left. Photo credit,

Our primary interests involve banking and giving back,” Clayton said. “Ayres is the most generous and creative person I know, building an amazing philanthropic foundation that has produced amazing benefits in education, health, and quality of life in Tennessee.”

The acquisition is expected to close in the third quarter of 2017, and is subject to regulatory approvals, approval by shareholders, and other customary closing conditions.

The Clayton Banks have a great team and are two of the most profitable banks in Tennessee. They have a relationship-based customer service culture that blends well with our culture. We look forward to joining with Clayton Bank and American City Bank and their associates to expand our banking services throughout Tennessee,” said FB Financial President and CEO Chris Holmes, in a BusinessWire press release.

This was, in effect, a merger as shareholders of FirstBank (FBK – NYSE) now own shares of the combined banks,” Clayton told MHProNews. “Likewise, I own shares in the combined banks – my largest holding by far. I signed a multi-year contract as did the Sr. Management – including Kevin Kimzey (President) – who heads all MH (Manufactured Housing/Home) activities.”

KevinKemzey-ClaytonBankPresidentClayton told MHProNews that once the merger is completed, he and Ayers will be the largest shareholders of the combined entity.

We both love the mortgage business and Jim [Ayers] is thrilled to combine the Clayton MH lending with the very large FirstBank Mortgage portfolio,” said Clayton. “I, and all the MH enthusiasts at Clayton Banks, are thrilled to add 40 deposit-gathering branches to support the Clayton MH units.”

About the Clayton Banks

Clayton Bank is headquartered in Knoxville, Tennessee.

The operation has assets of approximately $887 million. The bank has 13 branches across its markets in Knoxville, Jackson, Oakland, Covington, Henderson, Lexington, Friendship and Cookeville, Tennessee.


Graphic above credit, BusinessWire.

American City Bank is headquartered in Tullahoma, Tennessee and has assets of approximately $308 million. It operates five branches in Tullahoma, Manchester, Lynchburg and Dechard, Tennessee.

About FB Financial

FB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, TN, and operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennesseeheadquartered bank. The company has 45 full-service bank branches across Tennessee, North Alabama and North Georgia, and a national mortgage business with offices across the Southeast.

FirstBank serves five of the largest metropolitan markets in Tennessee and has over $3.2 billion in total assets. ##

(Editor’s note: Additional details from Jim Clayton will be published soon.)

(Top image credit, are the respective firms logos, used here under fair use guidelines. Other image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

Clayton Homes Announces New Division

January 17th, 2017 Comments off

Credit: Clayton Homes.

Clayton Homes, one of the nation’s largest builders of manufactured housing and a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK/A), tells MHProNews that they have launched a new division of the company that will deliver homes from home building facilities to retail home centers.

Clayton Home Transport will be a part of Clayton home building group, the company’s home building and manufacturing division.

Clayton Home Transport is an extension of the home building process,” said Keith Holdbrooks, Clayton home building group president.


Keith Holdbrooks. Credit: Clayton Homes.

Our new fleet of trucks will allow us to deliver our homes, using quality equipment, to provide a world-class customer experience.

Clayton held a ribbon-cutting ceremony at its Clayton Appalachia home building facility in Andersonville, Tennessee on December 8th to celebrate the rollout of its new division and the introduction of its new fleet of trucks.

The initiative was designed to better control the process between the Clayton Appalachia home building facility and the retailers it serves. It will also provide additional transportation capacity for the facility.

Now, we can control and care for our homes on the road,” Holdbrooks said. “Our drivers spend weeks of their training in the home building facility learning all the processes and safety procedures before they deliver any homes.


Credit: Clayton Homes.

The announcement is the second from Clayton in the past week. The Daily Business News covered the announcement of Clayton’s new homebuyer tool and “Building Happyness” initiative on January 13th. That story is linked here.

Clayton Homes is the largest producer of manufactured homes (MH) in North America. Vertically integrated, the company has several hundred retail centers nationwide. Through its affiliates and family of brands, Clayton builds, sells, finances, leases and insures Clayton-built manufactured, modular homes.  The operation also buys products and uses services from other producers.

For the most recent closing numbers on all Berkshire Hathaway – and all MH industry-connected tracked stocks – please click here. ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

UMH Properties Celebrates Major Milestones, Recent Growth and Announcements

January 12th, 2017 Comments off

Credit: MHProNews.

A big day is coming up for UMH Properties, Inc. (UMH: NYSE).

The company tells the Daily Business News that it will celebrate its 50th anniversary at the New York Stock Exchange (NYSE) on January 19th.

The Company is honored to celebrate its 50th Anniversary at the NYSE. We will be having our quarterly Board Meeting there, as well as a dinner reception attended by many of UMH’s close partners whose help has been instrumental in our long-term success,” said Eugene W. Landy, Chairman of the Board of UMH.

UMH is one of the oldest publicly-traded REITs in the world, and as the Founder of our Company, I could not be prouder of our many achievements. UMH’s total-return performance ranked third of all 180 REITs in 2016. The Company is very well positioned for continued outperformance in the years ahead.


Eugene Landy. Credit: Google. For an in-depth video interview with Eugene Landy, click here.

UMH has seen its stock price has rise recently on positive growth news, including expansion plans in three manufactured home communities in Nashville, Tennessee to accommodate more than 550 new homes. That story is linked here.

Nashville is a wonderful market for us,” said Jeffrey V. Yorick, UMH’s vice president of engineering. “It’s the economy in Nashville — employers moving to the area, redevelopment is occurring all across the region.


Credit, the Tennessean.

UMH CEO Sam Landy also commented recently regarding NPR’s latest broadcast and published article dubbed “With Few Legal Protections, Nashville Mobile Home Park Residents At Risk Of Losing It All,” (see their article, linked here).


Sam Landy. Credit: MHProNews. For a Cup of Coffee with Sam Landy, click here.

In it, NPR paints a radically different picture than what the USA Today network affiliate, The Tennessean did less than a month ago regarding the UMH expansion (see that article, linked here). “UMH has improved the lives of well over 1,000 manufactured home residents in the Nashville area. We have significantly upgraded communities,” said Landy.

Our residents overwhelmingly support the companies actions.”

Sam Landy also said his firm is preparing a detailed response to the NPR article about their Nashville locations.

As Daily Business News readers already know, UMH is a real estate investment trust (REIT) that owns and operates 98 manufactured home communities (MHCs) in seven states east of the Mississippi, composed of 17,800 developed home sites. ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

Economic Development Authority Awards Tax Incentives to Prefab Builder

November 22nd, 2016 Comments off

Credit: Think Kentucky.

The Kentucky Economic Development Finance Authority (KEDFA) has awarded tax incentives to two businesses, including $20,000 for a $1.2 million operation that would utilize prefab to provide homes and light commercial buildings in five states.

Blueframe Design + Build is the brainchild of James C. Burris Architects, and plans to use advanced prefab technology to create energy-efficient buildings in an environmentally friendly manner.


Credit: James C. Burris Architects.

The company is planning to make prefab homes for senior housing developments, multi-family housing developments, single-family homes and light commercial projects in Kentucky, Tennessee, Ohio, Indiana and Georgia.

KEDFA also granted $1.4 million in tax incentives to Templar Manufacturing on a $5.3 million investment in Logan County for manufacturing emergency shelters to be used throughout the world in the areas that have been devastated by natural disasters.

The company is also focused on the development of “safe rooms.


Ribbon cutting ceremony for Champion Homes Kentucky plant. Credit: Woodworking Network.

The Daily Business News recently covered Champion Homes and their opening of a 100,000 square foot facility in Benton, Kentucky. KEDFA approved tax incentives for Champion of up to $2.25 million through the Kentucky Business Investment program to encourage investment and job growth in the community. ## 

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

Clayton Art Building Will Close Temporarily

May 20th, 2016 Comments off

Clayton_Jim__Clayton_Building_Knoxville_Museum_Art__david_massengill__creditThe Clayton Building at the Knoxville Museum of Art in Tennessee, named for the founder of Clayton Homes and building benefactor, Jim Clayton, is undergoing an HVAC upgrade and will be closed May 22 through May 25, 2016.

With its exterior of locally-quarried Tennessee marble, the 53,200 sq. foot four-story building was dedicated in 1990 and went through a nearly $6 million renovation and restoration in 2013-2014, according to knoxnews.

The museum houses works from local, national and international artists, hosts visiting shows of contemporary artwork and maintains a display of 100 years of visual arts in East Tennessee.

The museum is also home to Knoxville artist Richard Jolley’s Great Hall installation of glass. Admission to the museum, located on the site of the 1982 Knoxville World’s Fair, is free.

As MHProNews knows, Jim Clayton founded Clayton Homes in 1956 in Knoxville, TN. It is now a subsidiary of Berkshire Hathaway. ##

(Photo credit: knoxnews/David Massengill–Clayton Building, Knoxville Museum of Art)

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

HUD Code Production Rises Nearly 20 Percent in July

September 3rd, 2014 Comments off

mh_on_truck__credit_champion_homesAccording to the Manufactured Housing Association for Regulatory Reform, the U. S. Department of Housing and Urban Development (HUD) statistics reveal that production of manufactured homes jumped 18.4 percent in July over July 2013, 5,675 HUD Code homes this year as compared to 4,793 produced in July 2013. On the year, overall production is up 7.1 percent over last year’s totals, 36,350 this year versus 33,926 for last year.

Texas continues to lead the top ten list with shipments since Aug. 2011 (34,553) nearly triple those of homes going to second-ranked Louisiana (12,667), followed by Florida with 8,726 HUD Code homes. North Carolina is fourth with 7,285 homes, then Alabama with 7,147 homes. Mississippi, Kentucky, California, Tennessee and Oklahoma round out the top ten. MHProNews understands the top ten list did not change from last month. MHARR adds a reminder that this continued growth indicates there is no need for costly changes under the Title VI program or expanded energy mandates by the Department of Energy (DOE). ##

(Photo credit: Champion Homes)

Regulations Proposed for Manufactured Home Communities in Tennessee

February 17th, 2014 Comments off

Representatives from Clayton International Homes in Middlesboro, Kentucky and members of the Claiborne Planning Commission (CPC) in Clairborne County, Tennessee discussed new regulations governing manufactured homes being sited by their owners on privately-owned land. CPC Chairman Jerry Brooks wants to make sure roads in the developments are adequate for emergency vehicles, as tells Clayton’s Eddie Venable said, “The federal government says that I can use vinyl skirting. And, you have on here that you want to use a fire-retardant that would probably cost (the manufacturers) $2,500 versus $800. Guess who pays for that.” While Brooks said there are no state laws regulating the number of homes that can be sited on private property, Clayton’s Gary Estes said in some places there are municipal development codes being applied to single homes on privately-owned land. ##

(Photo credit: Owen Baker/–Oak Ridge MHC)