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MHI staff has held several meetings with key U.S. Senate staff regarding S. 1660, the "Formaldehyde Standards for Composite Wood Products Act." This legislation would require all finished wood products to comply with the California CARB standard regarding formaldehyde emissions. MHI has serious concerns with this legislation because among other things, it specifically singles out manufactured homes and RVs as being subject to the CARB formaldehyde standards. In addition, S.1660 would effectively transfer jurisdiction from HUD to EPA regarding formaldehyde regulation for manufactured homes. MHI will continue to meet and to work with key Senate offices during the legislative process.

Source: MHI Newswire

Daily Business News Briefs

Calcasieu Parish in LA Approves Manufactured Home Community

Calcasieu Parish in LA Approves Manufactured Home Community

MHProNews has learned that the Calcasieu Parish police jurors in far southwestern Louisiana voted 13-1 to approve rezoning from single-family residential to manufactured home community (MHC) for a 336-home site property on U. S. 90 East. Johnny Guillory, speaking on behalf of His Heirs LLC, called it a manufactured home friendly area because MH...

25 Jun 2016

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New Home Sales Fall in May but Remain above May 2015

New Home Sales Fall in May but Remain above May 2015

The sale of new homes fell six percent in May, 2016 to a seasonally-adjusted annual rate of 551,000 homes, according to the Department of Housing and Urban Development (HUD) and the Census Bureau, but 8.7 percent above May, 2015 sales. “New home sales are up relative to the first few months of 2016 as well […]...

24 Jun 2016

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Oregon Legislator Wants to Preserve Manufactured Home Communities

Oregon Legislator Wants to Preserve Manufactured Home Communities

In an attempt to preserve affordable housing, Oregon House Speaker Tina Kotek (D-Portland) convened a gathering at Portland City Hall to discuss what steps can be taken to preserve manufactured home communities (MHC), in the throes of a hot real estate market that sees them potentially jeopardized with redevelopment. Noting the importance of...

24 Jun 2016

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Dow Plummets 610 Points; Most MH-related Stocks Drop, led by AMG

Dow Plummets 610 Points; Most MH-related Stocks Drop, led by AMG

In the news from CNNMoney: In the wake of the vote by great Britain to leave the EU, Millennials are clamoring, “You’ve stolen our future.” Other EU countries are discussing having their own referendum. EU is a large trading partner with China and the U. S. Barnes and Noble to serve beer and wine. Will […]...

24 Jun 2016

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Polish Modular Builder Unibep Eyeing Sweden

Polish Modular Builder Unibep Eyeing Sweden

President Jan Mikoluszko of Poland’s modular builder Unibep said the company is pulling out of Germany and ending its presence in Russia as well because “there is no space for foreign general contractors.” The company will now turn its attention to entering the Swedish market, as wbj.pl tells MHProNews. Mikoluszko said the company goal for [&...

24 Jun 2016

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Freddie Mac may Finance Rental-only Community for UMH

Freddie Mac may Finance Rental-only Community for UMH

In a video interview at REITWeek 2016:NAREIT’s Investor Forum, Sam Landy, President and CEO of UMH Properties, Inc. (NYSE:UMH), commenting on the 31 percent increase in core funds from operations (FFO) in Q1 2016, said: “It’s what we have been planning going back about six years when we started doing our acquisitions. If we improve [...

24 Jun 2016

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Louisiana Commission Denies Siting of Manufactured Home

Louisiana Commission Denies Siting of Manufactured Home

The Sulphur Land Use Commission in Sulphur, Louisiana declined to allow a manufactured home (MH) to be sited on a prepared lot because they were initially told it was a modular home, which would have been acceptable. Public Works official Keith Berry said the property would have to be re-zoned from Residential to Mixed Residential. […]...

24 Jun 2016

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UFPI Gains 4.51 percent; MHCV Advances 2.36 Percent

UFPI Gains 4.51 percent; MHCV Advances 2.36 Percent

In the news from CNNMoney: Dow rises as investors bet Great Britain will remain in the EU. Google’s new robot can wash dishes. NFL and Cirque du Soleil are teaming up. OPEC oil revenue falls to 10-year low. Zika vaccine makers stock is on fire. Asian millionaires ow the wealthiest in the world. Led Zeppelin […]...

23 Jun 2016

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Family Formation May Increase but Homeownership May Not

Family Formation May Increase but Homeownership May Not

A new report from the Harvard University Joint Center for Housing Studies indicates home ownership rates have fallen over the last ten years to 63.7 percent, as Millennials continue living in their parents’ basements or are renting. MHProNews has leaned from washingtontimes that 36.4 percent of U.S. households opted to rent last year — the [...

23 Jun 2016

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Australian MH Producer gets Five Year Deal

Australian MH Producer gets Five Year Deal

Manufactured home producer Fleetwood Corp. in Western Australia has entered into a five-year agreement with NLV Group (National Lifestyle Villages) to supply them with manufactured homes for retirees. Fleetwood will produce the homes at its High Wycombe plant in Perth and install them in NLV communities across Western Australia. NLV has nine...

23 Jun 2016

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USDA Offers Low Interest Loans for Manufactured Home Purchase

USDA Offers Low Interest Loans for Manufactured Home Purchase

As part of the USDA’s Rural Development Energy Efficient Manufactured Home Pilot Program, Dennis Miller is the first to purchase an energy efficient modular home, celebrating National Homeownership Day, in Putney, Vermont. Representatives of the USDA and Windham and Windsor Housing Trust (WWHT) were also in attendance. The program allows low...

23 Jun 2016

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New Sponsors

Featured Articles and Reports - June 2016 Vol. 7 No. 9

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The Power of Review Videos

The Power of Review Videos

by Wayne Coakley Who loves to watch videos? NSP_READMORE

MARKETING

How to do a Promissory Note and Security Agreement

How to do a Promissory Note and Security Agreement

by Marc Lifeset, JD + Jeff Barringer, JD Marc Lifset and Jeff Barringer will dissect for you our state-of-the-art form of chattel-loan promissory note and security agreement, or, as we will... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

“Whiny Neighbor”

“Whiny Neighbor”

by Nadeen Green, JD When I teach others about reasonable accommodations required for persons with disabilities, we often talk about "whiny neighbors" - those folks who want to know why someone... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Open Letter - CFPB Director Richard Cordray - On Taking Responsibility for …

Open Letter - CFPB Director Richard Cordray - On Taking Responsibility for Harming Millions

by L. A. 'Tony' Kovach 6.3.2016-CFPB Director Richard Corday, As you know, you are tasked with Protecting Consumers, yet the evidence shows that you know that Consumer Financial Protection Bureau regulations... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Lawsuit Charges Eviction from MH Community is Discriminatory

Lawsuit Charges Eviction from MH Community is Discriminatory

by Matthew Silver MHProNews posted a story May 25, 2016 regarding the Waples Mobile Home Park in Fairfax, VA being charged with violation of federal and state fair housing laws for evicting residents who do... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Northpoint Commercial Finance is Revolutionizing the Manufactured Housing I…

Northpoint Commercial Finance is Revolutionizing the Manufactured Housing Industry

by John Durnien Northpoint Commercial Finance, headquartered in Alpharetta, Georgia, is bringing some innovative ideas to the inventory finance industry. NSP_READMORE

FINANCING

Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending

Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending

by Matthew Silver Steve Sinovic, writing in abqjournal, says sales of manufactured home sales are up, a popular and affordable housing choice for New Mexicans, some eighteen percent of whom live in... NSP_READMORE

FINANCING

Duty To Serve by GSEs-Long-term Mortgages on Leased Land – It's Already Bee…

Duty To Serve by GSEs-Long-term Mortgages on Leased Land – It's Already Been Done!

by Titus Dare TOPIC – Did You Know? GSEs have already made chattel loans in Leaseholds & the “TOP SECRET” Chattel Loans purchased by Fannie NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Clayton Home Building Group Selects Birmingham for Inaugural Home Show

Clayton Home Building Group Selects Birmingham for Inaugural Home Show

by Lexi Holdbrook Clayton Homes, a Berkshire Hathaway Company, hosted its inaugural Clayton Birmingham Home Show from May 17 – 19, 2016 at the Birmingham-Jefferson Convention Complex. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Open Letter - Tim Williams, MHI Chairman – Correcting Errors, Crossing the …

Open Letter - Tim Williams, MHI Chairman – Correcting Errors, Crossing the Goal Line

by L. A. “Tony” Kovach 6.2.2016 - To: Tim Williams, Chairman, Manufactured Housing Institute (MHI). NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Home Retailers and Communities – Bottom Line Booster by Sunshi…

Manufactured Home Retailers and Communities – Bottom Line Booster by Sunshine Homes - Tuesdays with Tony

by Soheyla Kovach Sunshine Homes is offering the second round of their popular webinar - Tuesdays with Tony – a marketing and sales coaching session. See the video below. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Clayton Homes Asheville Manufactured Home Show – Photos and Numbers

Clayton Homes Asheville Manufactured Home Show – Photos and Numbers

by L. A. “Tony” Kovach Our sources at Clayton Homes tell us the following about their recent Asheville Show. By photos and by the numbers, here's the snapshot of their event... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Kenny Lipschutz, HomeFirst™ Certified Communities

A Cup of Coffee with…Kenny Lipschutz, HomeFirst™ Certified Communities

1) Who, What and Where: (Your name and your formal title at Brookside Companies/ HomeFirst™ Certified Communities and where your company is based). I am Kenny Lipschutz, Chief Executive Officer of... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Why has MHI Issued a News Release on DOE Proposals Prior to the Rule Being …

Why has MHI Issued a News Release on DOE Proposals Prior to the Rule Being Published?  Q&A with M. Mark Weiss of MHARR

by L. A. “Tony” Kovach As regular readers of MHProNews know, MHARR's new president took the reigns there almost 1½ years ago. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

UMH Community Hosting Baseball Legend “Doc” Gooden; UMH Chair to Present a…

UMH Community Hosting Baseball Legend “Doc” Gooden;  UMH Chair to Present at NAREIT

by Matthew Silver UMH Properties, Inc. (NYSE:UMH) announces it will host three-time champion World Series pitcher Dwight “Doc” Gooden on June 18, 2016 at the manufactured home community owner’s Kinnebrook Estates... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

CFPB Director Cordray tells Whistleblower to have her Attorneys “Back Down”…

CFPB Director Cordray tells Whistleblower to have her Attorneys “Back Down”

by Matthew Silver Claiming senior managers within her office bullied and demoted her for filing a complaint with the Equal Employment Opportunity (EEO) office, Angela Martin said in testimony before the... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Drew Hits New Stock High; Equity LifeStyle Properties Declares Dividend

Drew Hits New Stock High; Equity LifeStyle Properties Declares Dividend

by Matthew Silver Drew Industries, Inc. (NYSE:DW) stock hit a new 52-week high Fri., May 27, $77.31, 44 cents shy of a ten dollar bill increase over the 50-day moving average of... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Why Richard "Dick" Jennison and Lesli Gooch at MHI Should Resign or Go

Why Richard

by L. A. "Tony" Kovach   For some years, this scribe and others have tried to correct the kinds of issues that will be cited in this column in an off-the-radar... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Why did 4-9-16 MHI's Housing Alert Mislead Association and Industry Members…

Why did 4-9-16 MHI's Housing Alert Mislead Association and Industry Members?

by L. A. “Tony” Kovach Let's begin with the facts. On April 9, 2016 MHI sent out a housing alert to MHProNews and other industry members. It read like the copy... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Bottom Line Change in MH Marketing and $ale$

Bottom Line Change in MH Marketing and $ale$

by L. A. “Tony” Kovach Change is a constant in life. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

ZigOn Failing

ZigOn Failing

by Zig Ziglar Most parents experience the joy of watching their children turn over, then crawl, then stand up and then take those first steps. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Are you letting your past determine your present

Are you letting your past determine your present

by Tim Connor, CSP The past is history regardless of its positives or negatives. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Frank Rolfe's Ten Tips to Pros on Manufactured Home Selling - Video

Frank Rolfe's Ten Tips to Pros on Manufactured Home Selling - Video

by L.A. "Tony" Kovach This fast-paced video is taken from a longer panel discussion that featured Frank Rolfe, partner in Mobile Home University, MHP Funds and RV Horizons. NSP_READMORE

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Press Releases

Northpoint Commercial Finance Provides I…

Northpoint Commercial Finance Provides Inventory Finance Program for  O’Rourke Sales Company Dealers

Winston-Salem, NC, May 15, 2016 – Northpoint Commercial Finance (“Northpoint”) continues to expand its partnerships with Nationwide Marketing Group (“Nationwide”) members through a new program for O’Rourke Sales Company (“O’Rourke”) dealers. Northpoint is a diversified finance company that provides flexible inventory lending and floorplan financing solutions, and Nationwide is North America’s largest buying and marketing organization. Headquartered in Davenport, Iowa with seven locations across the country, O’Rourke is a national distribution and fulfillment company for electronics and appliances across multiple sales channels, including premium and incentive, e-commerce, military exchanges, and both independent and national retailers. “We are pleased to begin our new relationship with Northpoint," said Jeff O'Rourke, CEO of O'Rourke Sales.  "We know they understand our dealers' priorities and financing requirements, and we feel it is crucial to give our dealers...

the MHMSM Team 17 Jun 2016 Corporate Press Releases

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2016 JLT Market Reports Now Available fo…

2016 JLT Market Reports Now Available for Major Markets in Florida

Datacomp, publisher of JLT Market Reports, is pleased to announce that our comprehensive manufactured home community rent and occupancy reports are now available for major markets in Florida: Alachua County     Brevard County    Broward County    Charlotte County    Citrus/Hernando/Sumter CountiesCollier County    Duval/St. John's Counties (St. John's - NEW)    Highlands County    Hillsborough County    Indian River County    Lake County    Lee County    Manatee County    Marion County    Martin County    Miami-Dade County    Orange-Seminole Counties    Osceola County    Palm Beach County    Pasco County    Pinellas County    Polk County    St. Lucie County (NEW)    Sarasota CountyVolusia County These May 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 May...

the MHMSM Team 26 May 2016 Corporate Press Releases

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