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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

Patrick Ind., Sun Gains; Dow, S&P Set New Highs

Patrick Ind., Sun Gains; Dow, S&P Set New Highs

The stock market ended the week and October, 2014 on a high—the Dow Jones Industrial Average and the S&P 500 closed at records highs, the Nasdaq hit the highest point since 2000. Dow Jones Industrial Average 17,390.52 +195.10 (+1.13%). Nasdaq 4,630.74 +64.60 (+1.41%). S&P 500 2,018.05 +23.40 (+1.17%). The Yahoo! Finance Manufactured H...

31 Oct 2014

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Japanese Retailer Muji adds Modular Homes to Homegoods

Japanese Retailer Muji adds Modular Homes to Homegoods

Homegoods retailer Muji in Japan has entered the modular housing business, according to gizmodo.com.au, adding modular homes to its line of 7,500 housewares. Japanese homes last on average 38 years (100 years in U. S.) because people there prefer to tear down existing buildings and build to their own specs. That isn’t a sustainable economic...

31 Oct 2014

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Manufactured Homes Soar in Energy Efficiency, says University of Michigan

Manufactured Homes Soar in Energy Efficiency, says University of Michigan

When the temperatures drop in wintertime, owners of Manufactured Homes reap a great benefit, lower heating bills. One of the top trends driving today’s housing market is the demand for energy-efficient homes that don’t sacrifice comfort for quality. Here’s what is trending for 2015 and beyond. “Because of the way manufactured homes are const...

31 Oct 2014

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Drought Affecting Water Quality in California

Drought Affecting Water Quality in California

The Del Oro Water Co., which serves the Quail Trails Village Mobile Home Park in Paradise, California, in responding to resident’s complaints about the foul-smelling water, says that because of the water shortage, more chemicals are needed to treat the existing water. But the company adds that it is bacteria and contaminate free and safe...

31 Oct 2014

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MHC Residents turn back Adjacent Path Plan

MHC Residents turn back Adjacent Path Plan

The 2014 Active Transportation Plan (ATP) of Calistoga, California originally included a pedestrian and bicycle pathway that wound around the Calistoga Springs and Chateau Calistoga manufactured housing communities (MHCs), but residents of the communities are overwhelmingly against the path. Seniors in the communities have safety and privacy...

31 Oct 2014

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Liberty Homes Keeps Falling, losing -20 percent today

Liberty Homes Keeps Falling, losing -20 percent today

Oil selling on the world market for $83 a barrel is bad news for Iran, Nigeria, Russia, Venezuela and Saudi Arabia, who all depend on oil selling above a certain level. Iran’s budget, reports CNNMoney, is based on oil at $135 a barrel, while the Saudis can withstand oil at $95 a barrel, although as […]...

30 Oct 2014

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Application for Manufactured Home to Tend Animals Questioned

Application for Manufactured Home to Tend Animals Questioned

Derek Tansell and his partner Sharon Snook were denied the right to site a manufactured home in a rural area of Chapmansdale Parish, England, in order for someone to live on the premises and take care of the couple’s alpacas, ponies, chickens, horses and ducks. According to fromestandard, the couple said previously they do not […]...

30 Oct 2014

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Teens plan saving for a new home instead of buying video games, a New Study…

Teens plan saving for a new home instead of buying video games, a New Study says it’s true!

The 13- to 17-year-olds of “Generation Z” believe homeownership is more important than graduating from college, getting married or having children. Inman reports to MHProNews that teens in the survey indicated that they’d give up perks like video games, eating out, social media or music downloads if it meant affording any house they wanted. That&#8...

30 Oct 2014

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Accessing Washington’s Political Power Brokers? Open your Vault.

Accessing Washington’s Political Power Brokers? Open your Vault.

With the mid-term elections just a halfway point to the 2016 Presidential Election, the topic of donations to candidates once again has us in disbelief in the obvious padding of campaign war chests from Goliath donors. Foster’s Daily Democrat  are among those telling MHProNews  that it’s no secret that poorly funded candidates tend to lose an...

30 Oct 2014

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Affordable Housing Provider Celebrates 40 Years

Affordable Housing Provider Celebrates 40 Years

Frontier Housing, a non-profit affordable housing steward in Morehead, Kentucky that offers factory-built homes as one of its options, is celebrating its 40th anniversary of providing housing solutions in northeastern Kentucky Nov. 15 at the Morehead Conference Center. Following entertainment and dinner, three awards will be announced: the Amanda...

30 Oct 2014

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Dutch Mini Homes start at $95,000 for Smallest Model

Dutch Mini Homes start at $95,000 for Smallest Model

The 2by4 Architects design firm in the Netherlands has developed a series of three small modular houses, each a little larger than the previous one.  The tiny mods have wooden walls, frame and roof.  They include an electric heat pump system, as well as optional off-grid components such as a composting toilet, solar panels and […]...

30 Oct 2014

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Featured Articles and Reports - October 2014 Vol. 6 No. 1

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Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

ROC USA® Network Welcomes MH Industry Ve…

ROC USA® Network Welcomes MH Industry Veteran  As new National Acquisitions & Portfolio Manager

CONCORD, N.H. — Jason Carter has joined the management team at ROC USA Network as National Acquisitions and Portfolio Manager. He begins his new role Nov. 3. Carter’s primary focus is to identify MH community owners interested in selling their communities to their residents and, with ROC USA Network affiliates across the country, execute on resident purchases. ROC USA Network Director Mary O’Hara said Carter’s years of experience with MH manufacturing, sales, community operations and development will be a significant benefit to ROC USA’s affiliates and clients. His appreciation for manufactured housing as affordable housing and his understanding of what it takes to own and operate a community are critical in today’s marketplace, she said. “ROC USA Network has established a proven track record over the last six years, achieving a level...

Soheyla Kovach 16 Oct 2014 Corporate Press Releases

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RV/MH Heritage Foundation Unveils New $1…

RV/MH Heritage Foundation Unveils New $1 Million Campaign Exclusively for the Manufactured Housing Industry

SCOTTSDALE, Ariz., - Darryl Searer, chairman and president of the RV/MH Hall of Fame (Hall) and Barry Cole, president of MH Insurance Services and past chairman of the Hall, spoke to a group of manufactured housing (MH) executives at the Manufactured Housing Institute's 78th Annual Meeting on September 15th  at the Westin  Resort  in Scottsdale, Arizona.  They unveiled a new five-year fundraiser especially for the MH industry designed to help theHall retire its debt. After updating the MH leaders of the Hall's current financial position, Searer urged the attendees to help the Hall retire its debt by pledging their support for the campaign. Explaining to the group that the Hall's debt was a result of unfulfilled pledges Mr. Cole commented, "In 2007 our idea was to construct a great legacy building that would include an event center, library and museum with unique...

L.A. Tony Kovach 03 Oct 2014 Corporate Press Releases

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2015 Louisville Manufactured Housing Sho…

2015 Louisville Manufactured Housing Show is filling up fast and early!

Attendees, mark your calanders now, pre-registration will open on October 1, 2014. Exhibitors, Reserve your space now.  See download linked here.

the MHMSM Team 02 Sep 2014 Corporate Press Releases

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RV/MH Heritage Foundation Inducts the Cl…

RV/MH Heritage Foundation Inducts the Class of 2014 into RV/MH Hall of Fame

(Back row l-r) Thomas "Tom" L. Kern, Style Crest Enterprises; Ed Evans, EPM; Gary McDaniel, YES! Communities ; Richard "Dick" King, King Insurance (second row row l-r) Barry Cole, Manufactured Housing Insurance Services; Bob Livingston, Good Sam; John D Roba, Roba and Associates (front row l-r) Mrs. James F Shields. accepting on behalf of her husband,James F Shields (deceased), Pan Pacific RV Centers; Debbie Brunoforte, Little Dealer, Little Prices and Peter B Orthwein, Thor Industries. ELKHART, Ind., August 5. 2014 -- The Class of 2014 was inducted into the RV/MH Hall of Fame (Hall) last night in Elkhart, Indiana, in a gala ceremony before a record breaking crowd of more than 440 family members, friends, and colleagues from across the country. The Class of 2014 includes: Debbie Brunoforte, Little Dealer, Little Prices;...

the MHMSM Team 05 Aug 2014 Corporate Press Releases

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Steve Lefler - Modular Lifestyles and Ne…

Steve Lefler - Modular Lifestyles and Newport Pacific – Successfully Gaining Acceptance for Super Energy Saving, Green Manufactured Homes

Learn more at the article linked here, or by calling Steve Lefler, Vice President of Modular Lifestyles, Inc., a division of Newport Pacific Family of Companies at Ph. (888) 437-4587. Email steve@modularlifestyles.com. Steve is a Dual DRE and HCD Salesperson. Advanced Green Building Professional. CEC Solar Wind Retailer/Installer. http://www.modularlifestyles.com ##

the MHMSM Team 01 Aug 2014 Corporate Press Releases

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