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As the postandcourier informs MHProNews, modular homes have been slow to catch on in the Charleston, South Carolina area, although there are pockets in the city that have them, most notably north Charleston-based, Hunley Waters, which is all modular homes. Supplied by Nationwide Homes in Martinsville, Vir., the dwellings are priced in the low to...
20 May 2013
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The nationalmortgagenews reports in a survey of credit unions responding to the QM Rule issued by the Consumer Financial Protection Bureau (CFPB), 44 percent say they will no longer originate non-qualified mortgages and another 44 percent will reduce originations. In the survey conducted by the National Association of Federal Credit Unions (NAFCU)...
20 May 2013
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The tri-cityherald informs MHProNews the Clover Leaf land lease community in Kennewick, Wash. was sold in February, 2013 to BW Land which is developing the 22 acres into a waterfront of shops, condos, and hotels. BW sent out eviction notices to residents, giving them 30 days to move, but retracted when they realized the order [...]...
20 May 2013
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Lanka Business Today reports the demand in Sri Lanka for shipping containers converted into modular homes has begun a trend causing one modular home builder to double production in order to meet demand. Dharshana Fernando, Managing Director of Hybrid Homes (pvt) Limited, says, “We have received considerable amount of orders from potential home o...
20 May 2013
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The postandcourier reports from Ladson, South Carolina, Equity Homes salesman Allen Croft recalls in 1997 the company sold 986 new homes, but changed its business model as sales declined and now sells only refurbished homes. Although the majority of the firm’s homes come from auctions, 37 percent are from individual sellers. With prices from...
20 May 2013
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According to what 4-traders tells MHProNews, Sun Communities, Inc. has secured a $350 million revolving line of credit with the option for an additional $250 million. The secured loan has a four-year term but can be extended for an additional year. Interest on the loan is floating, and can range from 1.65% to 2.90%. The [...]...
17 May 2013
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According to gobogalusa, the Franklinton (Louisiana) Board of Aldermen heard the results of the meeting of the Planning and Zoning Commission regarding the regulation of modular homes. Building inspector Bob Walters said they are built similarly to manufactured homes but are governed by the International Residential Code (IRC). Walters stated the...
17 May 2013
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The rise in consumer sentiment led to a fourth week of gains in the stock market, as the Dow and S&P set new records. CNNMoney reports the Dow Jones Industrial Average gained +0.80 percent, +121.28 points, to close the week at 15,354.50. The Nasdaq advanced +0.97 percent, +33.73 points, to finish at 3,498.97, while the [...]...
17 May 2013
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Sam Zell, Chairman of Equity LifeStyle Properties, Inc. (ELS) tells Fortune magazine the stock market is riding high but the underlying fundamentals are weak and the market will fall. “The current euphoria in the stock market will be adjusted, and I hope that’s all that happens,” he says. Noting that large investors are buying houses [...]...
17 May 2013
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For the first time in its 25-year history, the Montreal International Design Show will feature an entire modular home, a red cedar-clad home with contemporary lines, one of five models in the Pur series offered by Bonneville Homes of Quebec, Canada. The montrealgazette informs MHProNews the Pur-Z has two bedrooms on the main floor, including [...]...
17 May 2013
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The National Association of Home Builders (NAHB) reports while housing starts fell 16.5 percent to a seasonably-adjusted annual rate (SAAR) of 853,000 in April, housing permit issuance rose 14.3 percent to a SAAR of 1.02 million units, the highest rate since June of 2008. Based on data from HUD and the Census Bureau, single-family starts [...]...
17 May 2013
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by L. A. 'Tony' Kovach A recent message caused me to review the latest on the http://business.FTC.gov website on advertising. Uncle Sam's Federal Trade Commission (FTC), your state attorney general, other... Read more
MARKETING

by Beth Monicatti Blank Regardless of what products or services you sell, a successful marketing plan will combine several types of marketing methods to accomplish a certain goal or goals that... Read more
MARKETING

by Scott Stroud Want to casually keep up with friends and family between calls or while watching TV? Then, Facebook is the perfect medium for that. But, what about Social Media... Read more
MARKETING

by John Pentecost A troubling case developed in a mobile home park in Watsonville, California, in which a grand daughter moved in with an elderly woman homeowner in a 55 +... Read more
COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

by Kurt Kelly Here are two conflicting things lawyers often say. The first is, “You better have it in writing.” Many contracts must be in writing to be enforceable, particularly if... Read more
COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

by Chrissy Jackson “Every day is open house.” (WOW!) Curb Appeal . . .Sometimes, if you have been in your community for any length of time, you become rather immune to... Read more
COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

by Dave Shanklin Our industry’s major lender out of Seattle, CU Factory Built Lending, has wowed our industry with its very popular “Step Rate” loan product and has no plans of... Read more
FINANCING

by Andrea Levere Editor's Note: This is part of a series covering the release of Toward a Sustainable and Responsible Expansion of Affordable Mortgages for Manufactured Homes, the newest groundbreaking report CFED's... Read more
FINANCING

by Martin V. (Marty) Lavin Setting it up. First, let me set the stage. It’s been a few years, 3, since my last Las Vegas Manufactured Housing Institute (MHI) Congress and... Read more
GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

by Mark Bowersox With two recent reports on manufactured housing recently completed, the Government Accountability Office (GAO) has now turned its attention to a comprehensive review of the HUD Manufactured Housing... Read more
GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

by John Arendsen Manufactured Home Park/Community Owners/Investors of Rent/Lease Communities & Developers of Resident Owned Condo-Conversions, Sub-Divisions or Planned Unit Developments (PUDS) have more responsibilities, liabilities and obligations to their tenants/residents/homeowners... Read more
GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

1) Who, What and Where: (Your name and your formal title at your company.) Michael Evans C.E.O. Centennial Management, Inc. Corporate offices are in Aberdeen S.D. We currently operate 9 retail... Read more
GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

by L. A. "Tony" Kovach We at MHProNews are big believers that the factory built housing industry must recruit, train and inspire the young to become tomorrow's front line leaders. We... Read more
MANAGEMENT

by Tim Connor, CSP Here’s the bottom line in advance – Most of the training done by organizations is a waste of money and time. (Not being negative here – as... Read more
MANAGEMENT

by L. A. "Tony" Kovach Perhaps my favorite part of the Declaration of Independence is the phrase that begins with these words: "We find these truths to be self evident..." ... Read more
MANAGEMENT

by Zig Ziglar Several years ago, Angela Weir, a delightful young woman, worked with the Zig Ziglar Corporation. She was upbeat, always had the company's interests at heart, was easy to... Read more
PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

by L.A. 'Tony' Kovach Let's start this column with a true story that will tee up a theme necessary for success minded manufactured housing (MH) professionals. Read more
SALES

by Tim Connor, CSP The following 52 behaviors when mastered as a part of your personal and career development will guarantee increased sales. Each of the 52 topics are critical to... Read more
SALES