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MHI sent a letter to the Federal Reserve Board regarding a requirement that all "higher priced loans," including personal property loans, must have escrow accounts. Click here to view the letter. As the letter points out, the lack of a unified, systematic process for the collection of taxes among local governmental entities will force lenders to cease providing manufactured housing personal property loans. In light of these and other compliance difficulties, MHI requested that personal property loans for manufactured homes be exempt from the escrow requirements. Thanks go to Don Glisson of Triad Financial Services, Inc. who shared with MHI a similar letter sent by the Independent Community Bankers Association relating to the escrow issue.

Source: MHI Newswire

Daily Business News Briefs

Skyline Corporation Hits 52-Week High. Is Near-Term Analysis Positive?

Skyline Corporation Hits 52-Week High. Is Near-Term Analysis Positive?

The stock of Skyline Corporation (NYSE: SKY) hit a 52-week high of $12.72 last week, according to a recent report from BarChart. While the stock price has had its ups and downs throughout 2016, Skyline executives have kept a positive tone and goal-oriented approach, which has clearly paid off.  Their president stated their firm’s conviction...

27 Sep 2016

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The Big First Presidential Debate – Pundits, Politicos and Instant Polls

The Big First Presidential Debate – Pundits, Politicos and Instant Polls

The first super-hyped presidential debate of the 2016 election cycle is history.  There is what the pundits say.  There is what the politicos and news junkies walked away with.  There are instant polls, which to a certain degree will reflect what their readership composition is. Then there are the voters. Some of the top headlines […]...

27 Sep 2016

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Cavco, Sun’s Run, Manufactured Home CV rises – other U.S. Markets slip – Ma…

Cavco, Sun’s Run, Manufactured Home CV rises – other U.S. Markets slip – Market’s await Presidential Debate, Brexit Noise

Noteworthy headlines on CNNMoney – Wells Fargo workers say fraud began years ago. PA Donald Trump win could tank stocks (ya think CNN is pro-Clinton? ;-). U.S. Companies consider relocating over Brexit. Some bullets from MarketWatch –  Stocks retreat as Clinton-Trump debate looms. Gold edges higher as focus turns to debate. Deutsche Ba...

26 Sep 2016

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U.S. Senator touts Lexington Homes, awarded $6.76 million contract from FEM…

U.S. Senator touts Lexington Homes, awarded $6.76 million contract from FEMA for manufactured homes

In the effort to provide shelter for the many displaced after the devastating August flooding in Louisiana, Mississippi-based Lexington Homes is about to step into the limelight, the Clarion-Ledger reports. Lexington Homes, a HUD Code manufactured home builder, was awarded a $6.76 million fixed-price contract from the Federal Emergency Management...

26 Sep 2016

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SBA, George Washington University, Blast Proposed DOE Energy Rule for Manuf…

SBA, George Washington University, Blast Proposed DOE Energy Rule for Manufactured Housing

“It does not appear that DOE grasps the unique challenges that small manufacturers encounter.” — U.S. Small Business Administration, Office of Advocacy A controversial proposal by the U.S. Department of Energy (DOE) for manufactured housing has drawn support as well as growing opposition. An arm of the United States Small Business A...

26 Sep 2016

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First Debate May Draw 100 Million Viewers, Election Headline Coverage Rundo…

First Debate May Draw 100 Million Viewers, Election Headline Coverage Rundown

Democratic strategist and long-time Clinton ally, adviser and supporter – Doug Schoen says, that “Change and Corruption” should be key themes in the Clinton vs Trump debate. Schoen also stated that the pundit class may read the ‘winner’ differently than what the general public does, which may not be clearly understood until later in the […]...

26 Sep 2016

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New Rules for Tiny Houses crafted, Manufactured Housing Connections

New Rules for Tiny Houses crafted, Manufactured Housing Connections

The saga of the legality of placement of tiny houses continues to play out throughout the United States. Coconino County, in north-central Arizona, is one such place. Amanda Acheson, Sustainable Building Program Manager for Coconino County, said she is contacted an average of once per day by someone either interested in building or buying a...

26 Sep 2016

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Sunday Morning Weekly Recap – Manufactured Housing Industry News – Septembe…

Sunday Morning Weekly Recap – Manufactured Housing Industry News – September 19th through 24th

This past week continues our theme of Superior September 2016 coverage of the news that matters for manufactured housing industry professionals, as well as all those interested in quality affordable housing and/or are engaged in the factory-built home industry. The articles below will include a variety of news and special reports from respected...

25 Sep 2016

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Manufactured/Modular Home Retailer Grabs Positive Local Media Coverage

Manufactured/Modular Home Retailer Grabs Positive Local Media Coverage

Ventura, California based Anacapa Homes received positive local media coverage by announcing that they are the new area representative for Skyline Homes. The company touted how the addition of Skyline Homes adds to a mix that also includes California and Arizona based producer Redman Homes. Anacapa Homes is owned and operated by Katherine and...

24 Sep 2016

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Property Rights vs. Resident Rights – FoxNews Video, Manufactured Home Indu…

Property Rights vs. Resident Rights – FoxNews Video, Manufactured Home Industry Voices sound off

“No one should be forced to carry on a business that they want to close,” said Pacific Legal Foundation Attorney Larry Salzman. “The city is treating the Jissers as an ATM to solve a problem they didn’t cause — the lack of affordable housing in Palo Alto. That’s not just wrong, it’s unconstitutional,” a Daily Business News […]...

23 Sep 2016

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Deer Valley Home Builders, Skyline Homes lead – all markets drop, Multi-Mil…

Deer Valley Home Builders, Skyline Homes lead – all markets drop, Multi-Million Dollar Fraudster

Noteworthy headlines on CNNMoney: Sin City’s multi-million dollar mail fraudster. You could have a Yahoo! account without knowing it. Wells Fargo CEO could walk away with $200 million. Samsung users say replacement devices overheating. Some bullets from MarketWatch – Yahoo hack fallout continues. How bank employees pose a risk to your money. Apple...

23 Sep 2016

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Featured Articles and Reports - September 2016 Vol. 7 No. 12

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Building A Good Reputation Is Hard!

Building A Good Reputation Is Hard!

by Wayne Coakley Well, maybe not so hard. Surprisingly, building a good reputation is pretty easy if you built your business around trust from the get-go. NSP_READMORE

MARKETING

AMHA Announces 3 New Videos Designed to Promote Manufactured Housing, Disp…

AMHA Announces 3 New Videos Designed to  Promote Manufactured Housing, Dispel Myths

by J. D. Harper The Arkansas Manufactured Housing Association (AMHA) has completed a series of short videos aimed at addressing and dispelling myths, misconceptions and stereotypes about today’s manufactured housing. NSP_READMORE

MARKETING

Carlyle Group (CG) Urged To Invest Multi-Billion$ In “Dry Powder,” says Blo…

Carlyle Group (CG) Urged To Invest Multi-Billion$ In “Dry Powder,” says Bloomberg’s Tan

by L. A. ‘Tony’ Kovach  The Carlyle Group (CG) is reportedly one of the top 100 largest manufactured home community operators in the U.S..  Its big hedge fund business is said... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Management Group Increases Holdings in Equity LifeStyle Properties (ELS)

Management Group Increases Holdings in Equity LifeStyle Properties (ELS)

by Frank Griffin Schroder Investment Management Group acquired an additional $2,017,000 worth of Equity LifeStyle Properties (ELS) shares for the quarter ending July 30th, 2016. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Comparing Mid-America Apartment Communities vs. Sun Communities, Head-to-He…

Comparing Mid-America Apartment Communities vs. Sun Communities, Head-to-Head Analysis

By Joe Dyton CML News recently took a deep dive into a head-to-head comparison between Memphis, TN-based Mid-America Communities, Inc. (NYSE: MAA) and Southfield, MI-based Sun Communities, Inc. (NYSE: SUI). NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Two Faces of Manufactured Home Community Closures – Urban Institute’s Prese…

Two Faces of Manufactured Home Community Closures – Urban Institute’s Preservation Approach Vs. Little Farm Trailer Park Outcome

by Joe Dyton Affordable housing options are becoming less plentiful around the country, but according to Urban Institute researchers, there are ways to sidestep what has become an outright crisis. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

UMH Properties Closes on 2 Manufactured Home Communities, more Closings Pen…

UMH Properties Closes on 2 Manufactured Home Communities, more Closings Pending

by L. A. ‘Tony’ Kovach Freehold NJ based UMH Properties, Inc. (NYSE: UMH) announced that it has closed on the acquisition of two communities located in Ohio for a total purchase... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Another 2016 Manufactured Housing Legal Update – Where Business & Law Inter…

Another 2016 Manufactured Housing Legal Update – Where Business & Law Intersect

by Marc Lifeset, JD McGlinchey Stafford is proud to provide the Manufactured Housing Update to the manufactured housing industry.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Man Shot in “Trailer Park” (sic) says ABC TV’s Marla Carter, MH Pros React

Man Shot in “Trailer Park” (sic) says ABC TV’s Marla Carter, MH Pros React

by L. A. ‘Tony’ Kovach Tragedy and violence occurs in neighborhoods across America. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

MHC Pro/Owner – “Highly Conflicted” over Manufactured Home Community Closur…

MHC Pro/Owner – “Highly Conflicted” over Manufactured Home Community Closures

by Marty Lavin, JD Tony, I am highly conflicted by the closing and eviction of the El Portal MH community. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

MH Community Owner’s Reaction to Baytown, TX “trashy mobile home park” stor…

MH Community Owner’s Reaction to Baytown, TX “trashy mobile home park” story

by Richard Nodel I become incensed when I see examples of the absolute worse type of landlord. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Zoning, Opening up Urban Infill and Making Sure Citizens who want Manufactu…

Zoning, Opening up Urban Infill and Making Sure Citizens who want Manufactured Homes are Heard

by Ed Schafer For the last three or four years, the South Carolina association’s focus is to move beyond killing bad zoning proposals and working to reopen areas that have been... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Discrimination, Zoning and Disparate Impact on Manufactured Homes, Owners, …

Discrimination, Zoning and Disparate Impact on Manufactured Homes, Owners, Prospects

by Mark Weiss The discriminatory exclusion of manufactured homes by local governments is a major problem for the industry and consumers. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Say No Socialist Driven Economy, Praise for Revolution PreFab Homes

Say No Socialist Driven Economy, Praise for Revolution PreFab Homes

by Jay Hamilton Tony, I have no plans to vote for a Socialism Driven Economy. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Business Impact - Left, Right Agree – President Obama’s mark is on powerful…

Business Impact - Left, Right Agree – President Obama’s mark is on powerful U.S. Appeals Courts

by L. A. ‘Tony’ Kovach Elizabeth Wydra is the president of the Constitutional Accountability Center, which Wikipedia describes as a conservative judicial group. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Cavco’s Joe Stegmayer, Directors Insider Trades – & CVCO Portfolio Holder U…

Cavco’s Joe Stegmayer, Directors Insider Trades – & CVCO Portfolio Holder Updates

   by L. A. ‘Tony’ Kovach  Cavco Industries director Jack Hanna has filed a Form 4, according to a report byStreetInsider, see that as a download, linked here. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Controversial Analysis – NRDC, ACEEE and proposed DOE Manufactured Home Ene…

Controversial Analysis – NRDC, ACEEE and proposed DOE Manufactured Home Energy Standards for Manufactured Homes – Helpful or Harmful?

by L. A. “Tony” Kovach Controversy about the proposed U.S. Department of Energy (DOE) standards for manufactured housing has followed the flurry of commentary from various special-interest and non-profit groups, covered... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Demand for Manufactured Homes in Louisiana Flood Zone Rising, Factories Gea…

Demand for Manufactured Homes in Louisiana Flood Zone Rising, Factories Gear Up for FEMA, Residents

by L. A. 'Tony' Kovach For two days, rain tortured the heart of bayou country, dumping 24 inches in less than 48 hours on southern Louisiana, says a report in the... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Discrimination, Injustice against manufactured housing – a Call for Action …

Discrimination, Injustice against manufactured housing – a Call for Action by Industry Professionals

by Todd Lamb Tony, I agree with the Daily Business News article and the comments from other manufactured home industry professionals regarding Councilman David McCartney in Baytown. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Responding to Negative News About a trashy Baytown “Mobile Home Park”

Responding to Negative News About a trashy Baytown “Mobile Home Park”

by Karl Radde Stories like this are the kind of thing that generally helps cast such a negative light on our industry. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

HUD Code Manufactured Housing, “The Discrimination Code”

HUD Code Manufactured Housing, “The Discrimination Code”

by Marty Lavin, JD Tony, you are so right on the HUD Code has become a deadly “discrimination code,” especially as it applies to manufactured home financing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Importance and Value of Independent MH Trade Publications

The Importance and Value of Independent MH Trade Publications

by Tim Williams MHProNews.com and MHLivingNews.com are both good communications resources for the Manufactured Housing Industry. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with… Otis Orsburn, Hybrid Prefab Homes

A Cup of Coffee with… Otis Orsburn, Hybrid Prefab Homes

1) Who, What and Where: (Your name and your formal title at Hybrid Prefab Homes and where your organization is based). My name is Otis Orsburn, President of Hybrid Prefab Homes based... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Mark Weiss, President & CEO of MHARR (Manufactured Hou…

A Cup of Coffee with…Mark Weiss, President & CEO of MHARR (Manufactured Housing Association for Regulatory Reform)

1) Who, What and Where: (Your name and your formal title at Manufactured Housing Association for Regulatory Reform (MHARR) and where your organization is based). Mark Weiss, President and Chief Executive Officer... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Rules for Radicals – Saul D. Alinsky and his Followers Political Action Pla…

Rules for Radicals – Saul D. Alinsky and his Followers Political Action Plan

by L. A. ‘Tony’ Kovach When Jay Hamilton, Executive Director of the Georgia Manufactured Housing Association mentioned Saul Alinsky, I knew a little about who Alinsky was, and that he’s inspired... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Happiness Happens

Happiness Happens

by Tim Connor, CSP I am sure you have heard, or maybe even used the term, SH _ T Happens: well how about - Happiness Happens? NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Preachers

ZigOn Preachers

by Zig Ziglar The typical American believes that those men and women who fill the pulpits in the churches work a few hours on the weekend and probably spend some... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

UMH Properties, Inc. Completes Acquisiti…

UMH Properties, Inc. Completes Acquisition Of Two Ohio Communities

FREEHOLD, N.J., Sept. 1, 2016 /PRNewswire/ -- UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of two communities located in Ohio for a total purchase price of $2,954,000. These two all-age communities contain 165 sites situated on approximately 71 acres. The weighted average occupancy for these communities is approximately 64%. These communities are part of a five community portfolio, all located in Ohio, with a total purchase price of $17,020,000. The portfolio contains a total of 821 sites situated on approximately 342 acres. The acquisition of the remaining communities is expected to close before yearend. The completion of this acquisition is subject to due diligence and other customary closing conditions. Therefore, there can be no assurance that this acquisition will take place during 2016 or at...

the MHMSM Team 02 Sep 2016 Corporate Press Releases

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Redcort Portfolio | 442 Sites | Illinois

Redcort Portfolio | 442 Sites | Illinois

Portfolio Summary Investment:             2 Property Portfolio                                with Storage UnitsStar Class:              2-3MH Sites:                216Storage Sites:         226Homes & Notes:      37MH Occupancy:       96.7%Storage Occup.:      98.7% Sale Price:    $8,289,627 Community Highlights Historically high economic occupancy with current MH economic occupancy of 96.7%, and storage 98.7% Less than 10% park owned homes Redwood has asphalt streets, while Cortland has new chip and tar streets, August 2016 Redwood is 97 miles from Downtown Chicago, while Cortland is 64 miles For additional sales and cap rate information, please call: Christopher Nortley (586) 884-8416chris@mhreinc.com  Enon Winkler (407) 616-0250enon@mhreinc.com  www.mhreinc.com

the MHMSM Team 02 Sep 2016 Corporate Press Releases

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Next Step Network Participating in Give …

Next Step Network Participating in Give Local Louisville

Louisville, Kentucky – This year, Next Step Network is participating in Give Local Louisville, a 24-hour online giving day that supports the local nonprofits doing great work in our community. Last year, through Give Local Louisville, our community raised $3 million for the 362 participating nonprofits. On September 15, for those 24 hours, the Community Foundation of Louisville and its partners will maximize the community's generosity with Golden Tickets, prizes and bonus dollars. This provides an incredible opportunity for donors to increase the impact of their gifts to the nonprofits they care about. Next Step’s mission is to put sustainable homeownership within reach of everyone, while transforming the manufactured housing industry through consumer education, affordability and energy efficiency. By participating in Give Local Louisville, we will raise funds to support new and...

the MHMSM Team 02 Sep 2016 Corporate Press Releases

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MHRE Closes the Matrix MHC Portfolio

MHRE Closes the Matrix MHC Portfolio

On August 4th, 2016 MHRE closed the Matrix MHC Portfolio to a undisclosed buyer.  The portfolio consisted of 11 communities in Michigan, of which 4 were 55+, and 2 in Alabama, with a total combined site count of 7,253 sites. Christopher Nortley, Managing Partner of MHRE explained, “Matrix had a ton of interest in their portfolio, but based on the size, core location, and their home portfolio, it really came down to a hand full of operators that had the capability to acquire a portfolio of this size, but more importantly, an operator that understands the value add component of the home portfolio.“ Enrico Scarda, Chief Executive Officer of The Matrix Group commented, “Matrix acquired and successfully stabilized its portfolio which was positioned for a new operator to take the portfolio to...

the MHMSM Team 23 Aug 2016 Corporate Press Releases

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California JLT Market Reports Now Availa…

California JLT Market Reports Now Available

Datacomp, publisher of JLT Market Reports, is pleased to announce that our comprehensive manufactured home community rent and occupancy reports are now available for majormarkets in California: Los AngelesOrangeRiversideSacramentoSan BernardinoSan DiegoSan Francisco Bay NorthSan Francisco Bay SouthVentura These August 2016 reports include detailed information about investment grade communities including: # of Homesites Occupancy % Rents and Increases including Rent Control Amenties Vacant Sites Repossessed and Inventory Homes and More! Plus… valuable Management Insights ranked by the Number of Homesites, Occupancy and Highest to Lowest Rents. To show trends in each market, we also include a report that compares August 2016 occupancy and rents to August 2015. Use these reports to learn more about thesemarkets, earn greater profits, identify potential acquisitions and stay competitive.  Ordering Is Easy! Call us TOLL FREE at 800-588-5426, emailreports@datacompusa.com or visit our secure website at www.datacompusa.com/JLT to download reports immediately.

the MHMSM Team 11 Aug 2016 Corporate Press Releases

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Closed | 278 Sites | Heartland Estates |…

Closed | 278 Sites | Heartland Estates | Lakeland, Florida

On August 5, 2016, MHRE sold Heartland Estates to Murex Properties, a Fort Myers-based company that owns and manages premier manufactured-housing communities throughout the United States. Heartland Estates is a 278 site, Senior, 55+ manufactured housing community, nestled on a ridge, overlooking Lake Hester in central Florida. The community is about one-half mile west of U.S. 27, the principle north-south artery through Florida, and about 8 miles south of I-4. Heartland Estates provides an amenity-rich lifestyle with a 5,000-square-foot clubhouse, with a verandah overlooking both the heated swimming pool and the lake.  The clubhouse and amenities include a ballroom, fitness center, kitchen, library, billiards, shuffleboard courts and horseshoes.   Enon Winkler, Partner with MHRE Inc. explained that “Our strong relationship and trust with the Seller allowed us to maximize value in a time where...

the MHMSM Team 11 Aug 2016 Corporate Press Releases

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