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While residential property is still trying to claw its way out of a slump, experts say the down cycle has given the manufactured home sector an advantage over the broader market. According to David Luther of Marcus and Millichap Real Estate Investment Services, manufactured housing has a pattern of outshining its stick-built counterparts in worsening market trends. "[Manufactured housing] does better in a down market," he says. "There's higher turnover and people have a tough time out buying a home, but the tougher the times, the better the product seems to perform." In Texas, for example, where there are 170 manufactured home communities, Jim Gaines of Texas A&M's Real Estate Center says fewer than a third of state households can afford a dwelling priced above $70,000. That fact bodes well for the manufactured housing business, Gaines notes, as there are many units that fall in -- or even below -- that price threshold, even as there are plenty » More that top $100,000. According to the Manufactured Housing Institute, the average price of a manufactured home is $46,000 compared to $162,300 for a site-built dwelling, not including land. Now particularly, with the $8,000 first-time home buyer tax credit, families that have been renting could own a manufactured home for not much difference each month. Despite the affordable pricing, industry insiders point out that manufactured housing is a quality product. "If we can get people in to see them, they just understand," says Shane Causey, president of the Metroplex Chapter of the Texas Association of Manufactured Homes. "There is a disposition when people first hear because they think of old mobile homes, but that's not what's being made today." Federal guidelines implemented in 1976 dictate standards for design and construction, strength and durability, energy efficiency, fire resistance, and » More.

From "A Housing Market That Isn't in Decline"
Fort Worth Business Press (11/09/09) Howe, Aleshia

Daily Business News Briefs

Sunday Morning Recap-Manufactured Housing Industry News July 26-Aug. 2, 201…

What’s New in public focused Manufactured HomeLivingNews.com Art Linkletter and Manufactured Housing today Maintaining Quality and Strength While Saving Homebuyers Money – Inside MH Video with Mike Stone, part 2 What’s New in Manufactured Housing Industry Professional News Texas city lifts ban on MH after show of strength by industry pros. Ta...

02 Aug 2015

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New Featured Articles on MHProNews.com go live by Sunday morning

New Featured Articles on MHProNews.com go live by Sunday morning

Just in time for your Sunday morning coffee and weekly industry news recap, the new August 2015 issue of new featured articles will be live on the MHProNews.com home page. As usual, timely reports by experts, industry-focused videos, interviews, financing with the new appraisal rule, proven business building tips and more will be featured. Until...

01 Aug 2015

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A Fresh Approach to Dealing with Foreclosures

A Fresh Approach to Dealing with Foreclosures

A study conducted by Hannah Thomas, a senior analyst with ABT Associates, correlated foreclosure data, criminal activity and property value loss with the role of mortgage servicers in two Boston neighborhoods, according to housingwire. Thomas interviewed real estate agents, real estate lawyers and foreclosure auctioneers, and examined foreclosure...

01 Aug 2015

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Danish Modular Home Utilizes Sun and Heated Floor for Warmth

Danish Modular Home Utilizes Sun and Heated Floor for Warmth

Berlin-based architect Sigurd Larsen built a house in Copenhagen that utilizes only three materials: a self-heated concrete floor eliminates the need for bulky radiators, double-glazed windows and eight manufactured wooden panels that help maintain heat in the winter months. Floor-to-ceiling windows on the east and west sides catch the morning and...

01 Aug 2015

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A Fresh Approach to Dealing with Foreclosures

A Fresh Approach to Dealing with Foreclosures

A study conducted by Hannah Thomas, a senior analyst with ABT Associates, correlated foreclosure data, criminal activity and property value loss with the role of mortgage servicers in two Boston neighborhoods, according to housingwire. Thomas interviewed real estate agents, real estate lawyers and foreclosure auctioneers, and examined foreclosure...

01 Aug 2015

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MHARR Finds Fed’s RFI Suspicious

MHARR Finds Fed’s RFI Suspicious

Following a story MHProNews posted July 29, 2015 regarding a Request for Information (RFI) from the General Services Agency (GSA) concerning manufactured homes for the Federal Emergency Management Agency (FEMA), the Manufactured Housing Association for Regulatory Reform (MHARR) says it is “questionable.” MHARR states FEMA may be seeking suppliers o...

31 Jul 2015

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MHCV Beats Dow, Gains 2.16%; Carlyle Outpaces other MH Stocks

MHCV Beats Dow, Gains 2.16%; Carlyle Outpaces other MH Stocks

In the news from CNNMoney: Exxon and Chevron profits are down 50 percent. Puerto Rico will likely default Monday. Greek stock market to reopen. Beijing gets the 2022 Winter Olympics. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +2.16 percent to end the day at 984.86. More manufactured housing stocks we cover closed up...

31 Jul 2015

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Tampa OpEd Calling for Fairness and Respect Resonating with Manufactured Ho…

Tampa OpEd Calling for Fairness and Respect Resonating with Manufactured Home Industry

An OpEd in Tampa’s tbo entitled Fairness and Respect for Florida’s Manufactured Home Owners  has put a local focus on the OpEd in thehill in which MHLivingNews and MHProNews publisher L. A. “Tony” Kovch notes the unintended consequences of the Dodd-Frank Act that make lending on manufactured homes valued at or below $20,000...

31 Jul 2015

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Patrick bests Analysts Estimates on Earnings Per Share

Patrick bests Analysts Estimates on Earnings Per Share

In its quarterly earnings report for Q2, 2015, Patrick Industries, Inc. (NASDAQ:PATK) reported $0.78 earnings per share, beating the Thomson Reuters consensus estimate of $0.73 by $0.05, according to AnalystRatingsNet. Revenue of $233.50 million was just short of the consensus estimate of $239.80. CL King had set a “buy” rating on the stock with a...

31 Jul 2015

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Capital One Closes $150 Million in Deals in 45 Days

Capital One Closes $150 Million in Deals in 45 Days

Capital One informs MHProNews that during the past 45 days it has completed 17 transactions for manufactured housing community investors providing over $150 million in funding. Led by Senior Vice Presidents Chad Thomas Hagwood and Damon Reed, the properties were located in Arizona, California, Colorado and Oregon, indicating the wide each of...

31 Jul 2015

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Florida City wants to Extend ban on Manufactured Homes

Florida City wants to Extend ban on Manufactured Homes

Port St. Joe, Florida residents are up in arms over the proposed siting of a manufactured home (MH) in their subdivision, according to whjg-tv, saying it will lower their property values. Some residents are not sure if it is an MH or modular, leading the city to put a stop work order on the building. […]...

31 Jul 2015

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Featured Articles and Reports - August 2015 Vol. 6 No. 11

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Piketty Vs. Rognlie: Land Use Restrictions Inflate Housing Values, Drive We…

Piketty Vs. Rognlie: Land Use Restrictions Inflate Housing Values, Drive Wealth Concentration

by Chuck DeVore Thomas Piketty in “Capital in the Twenty-First Century” frets that wealth inequality will grow because capital’s share of income will grow faster than the economy. Thus, the “1... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Doctor, lawyer…Indian Chief? Does a Community, Company, Product or Service…

Doctor, lawyer…Indian Chief?  Does a Community, Company, Product or Service Name Create Risks?

by Nadeen Green, JD In my role as Senior Counsel with For Rent Media Solutions™ I actually have more job responsibilities than my (favorite!) role as “Fair Housing Lady. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Experience and Innovation - Our Industry Needs Both!

Experience and Innovation - Our Industry Needs Both!

by Tom Fath The MH Industry was originally built by entrepreneurs with a dream. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Texas Town Reverses Decision, Votes to Allow Manufactured Housing

Texas Town Reverses Decision, Votes to Allow Manufactured Housing

by Matthew Silver In a July 9, 2015, MHProNewsDaily Business News (DBN) post, the city council of Huntsville, Texas was set to prohibit manufactured homes (MH) from being sited within the city... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Questionable FEMA “Request For Information” Regarding Standardization Of Ma…

Questionable FEMA “Request For Information” Regarding Standardization Of Manufactured Housing Floor Plan Designs

by M. Mark Weiss, JD Attached for your information and review is a copy of a self-explanatory MHARR communication to Federal Emergency Management Agency (FEMA) Administrator W. Craig Fugate regarding a FEMA “Request... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Homes + Communities – “An Incredible Message” – Inside MH Vide…

Manufactured Homes + Communities – “An Incredible Message” – Inside MH Video with John Caron

by L. A. “Tony” Kovach We'll let John Caron - whom we interviewed for this episode of Inside MH – tell you about his significant history in manufactured housing, MH Communities... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

How to Track Your Online Reputation

How to Track Your Online Reputation

by Wayne Coakley Misinformation and rumors about your MH business can dominate search engine results. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

New Manufactured Home Charity Launched

New Manufactured Home Charity Launched

by Katie Hauck MHGives, the new manufactured housing industry charity, is designed to bring together people with business skills and expertise to make a difference in the lives of children around... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Housing and Achieving Net Zero

Manufactured Housing and Achieving Net Zero

by Steven Lefler Since 2010, Modular Lifestyles has been seeking to build and prove that affordable manufactured homes can reach "Net Zero" quicker than site-built homes in CA. One of our... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Lights Are On, But You're Not Home?!?

The Lights Are On, But You're Not Home?!?

by Ron D'Ambra When I first started in code enforcement for our industry, I was handed a desk copy of the "Manufactured Home Construction and Safety Standards,” known as Part 3280,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

New and Updated Websites for Manufactured Housing – 4 Ways to Make them Pay

New and Updated Websites for Manufactured Housing – 4 Ways to Make them Pay

by Soheyla Kovach Besides everything else that we do, we've been building two of the most popular websites in all of manufactured housing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Another Cup of Coffee with... – MH Industry Leaders Exclusive Interviews

Another Cup of Coffee with... – MH Industry Leaders Exclusive Interviews

Are you having A Cup of Coffee with… withdrawals this summer? Every month, there are THOUSANDS of hits on the exclusive interviews revisited below! NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

It's All About Happy Customers, Experts and You!

It's All About Happy Customers, Experts and You!

by L. A. 'Tony' Kovach If we had to summarize in a sentence a guiding principle of the Inside MH Road Show, it could start with the headline to this article. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Do you have any “Emotional Deadwood” hiding out in your organization?

Do you have any “Emotional Deadwood”  hiding out in your organization?

by Tim Connor, CSP Just what is emotional deadwood? NSP_READMORE

MANAGEMENT

3 Weekly Wisdom Tips for a better life

3 Weekly Wisdom Tips for a better life

by Tim Connor, CSP Each week I share three simple truths that can help you live with faith, courage, integrity, peace, purpose and success. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

CU Factory Built Lending and the new HPM…

CU Factory Built Lending and the new HPML Appraisal Rule for Manufactured Housing

Directed by the upcoming changes in the HPML Appraisal Rule effective July 18th, 2015 and driven to minimize its impact on both our business partners and consumers, CU Factory Built Lending (CUFBL) has developed our approach to compliantly reconciling manufactured home loans under the new HPML Appraisal Rule.  Our plan’s key components are: Non-Qualified Mortgages (non-QM’s) Flexible Valuation Options Business Partner and consumer friendly Compliant   Non-Qualified Mortgages CUFBL, in support of the industry and our members, has chosen to continue to offer non-QM loans. If you recall, Qualified Mortgages (QM’s) are more restrictive in the debt ratio allowed, in the amount of points and fees allowed to be charged, may have more stringent length of employment and income verification guidelines, and documentation requirements for the consumer. We feel this approach to continue to offer non-QM loans...

the MHMSM Team 17 Jul 2015 Corporate Press Releases

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NADAguides New Manufactured Home Price T…

NADAguides New Manufactured Home Price Tool Will Comply With New HPML Appraisal Rule

· NADAguides New Manufactured Home Price Tool was developed to comply with the new Higher-Priced Mortgage Loans (HPML) Appraisal Rule effective July 18, 2015 · New Manufactured Home Price Tool provides an independent third party evaluation report that can be quickly and conveniently pulled and printed from any location · Allows access to new retail prices for new 2014 and 2015 manufacturer floor plans (both HUD and Modular-Coded), including a wide variety of factory-added options · This NADAguides price tool is currently being offered as a free trial of 100 price reports (retail value of $2,100) – offer expires July 17, 2015 NADAguides.com, the largest publisher of the most market-reflective pricing and information available for manufactured homes, announces its New Manufactured Home Price Tool, which has been developed to comply with the new Higher-Priced Mortgage Loans (HPML)...

the MHMSM Team 14 Jul 2015 Corporate Press Releases

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RV/MH Hall of Fame 2015 Induction Dinner…

RV/MH Hall of Fame 2015 Induction Dinner Reservations Outpace Last Year's Event

ELKHART, Ind. -- The RV/MH Hall of Fame's Induction Dinner Committee Chairman Mark Wasson (Bluelinx Corporation), reports reservations for the induction dinner honoring the Class of 2015 are running ahead of last year's reservations.  Wasson said, "As of early June 15th more than 153 friends and family of the inductees have registered which is ahead of last year's record pace of registrations." In addition to these reservations, Golf committee chairman Trey Miller is signing up foursomes for the 2015 RV/MH Hall of Fame Golf Classic.  So far 11 companies and individuals have signed on as sponsors for the dinner and golf, according to Darryl Searer, president, RV/MH Hall of Fame (Hall). This year's RV/MH Hall of Fame's annual Induction Dinner will be held on August 3, 2015, at the Hall of Fame's Event Center...

the MHMSM Team 16 Jun 2015 Corporate Press Releases

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RV/MH Museum Unveils Historic Shasta Exh…

RV/MH Museum Unveils Historic Shasta Exhibit

ELKHART, Ind. -- The RV/MH Hall of Fame and Museum's newest exhibit features a retrospective on the evolution of the iconic Shasta brand of travel trailers, according to Darryl Searer, president, RV/MH Hall of Fame (Hall).  The display includes a 1954 Shasta that's been in the museum's inventory for years and a 2015 reissue of a 1961 Shasta Airflyte 16sc, courtesy of Mick Ferkey, owner of Greeneway RV, Wisconsin Rapids, Wisconsin, and a member of the RV/MH Hall of Fame board of directors. While the reissue of a 1961 Shasta Airflyte 16sc has the look and style of the 1960s model, it is fully equipped with modern features and appliances, including a full bath. Searer noted, "Shasta has a rich heritage and is the industry's longest producer of RVs.  The brand has been...

the MHMSM Team 19 May 2015 Corporate Press Releases

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Dodd-Frank and Manufactured Home Financi…

Dodd-Frank and Manufactured Home Financing: The Place Where Good Intentions and Unintended Consequences Collide

"The path to home ownership lay before him, smooth and attainable as never before. All Eric Powell had to do was secure a small loan. He had a steady job, a decent credit score and a wife who happened to work for a bank: What could possibly go wrong?" WASHINGTON, D.C. -- The U.S. Senate Banking Committee will take up a measure that may determine whether millions of low- to moderate-income consumers will be able to buy or sell modestly priced homes. The Preserving Access to Manufactured Housing Act (HR 650 and S 682) addresses the unintended consequences of the Dodd-Frank Act, passed to protect consumers in the wake of the subprime mortgage crisis. According to former Congressman Barney Frank, the act's co-sponsor, Dodd-Frank was never intended to apply to manufactured housing. Yet the...

the MHMSM Team 19 May 2015 Corporate Press Releases

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10,000th home made secure and affordable…

10,000th home made secure and affordable through resident ownership movement

For Immediate Release May 1, 2015 Contact: Paul Bradley, President, ROC USA, LLC (603) 848-3254 CONCORD, N.H. — In less than seven years, ROC USA® has built on a proven strategy of resident ownership in New Hampshire manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states. ROC USA is a nonprofit social venture dedicated to making quality resident ownership of manufactured home communities (aka “mobile home parks”) possible nationwide. It works to provide democratic homeowner organizations with the opportunity, training and financing to purchase and manage their communities. Founding President Paul Bradley said ROC USA strengthens the local ownership of communities with the scaled resources and efficiencies of a national organization, coupled with the regional support of a...

the MHMSM Team 04 May 2015 Corporate Press Releases

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