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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 April 24-May 1, 201…

What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another s...

01 May 2016

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Champion Homes Expanding Operations in Kentucky

Champion Homes Expanding Operations in Kentucky

Champion Home Builders will invest $6.3 million in a manufacturing plant in Benton, Kentucky, leasing a 100,000 square foot facility and create up to 150 jobs for production of manufactured homes, according to kyforward. As encouragement to the investment in the community, the Kentucky Economic Development Finance Authority has initially approved...

30 Apr 2016

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Manufactured Home Community Closing in Minneapolis

Manufactured Home Community Closing in Minneapolis

The Lowry Grove manufactured home community (MHC) in St. Anthony, Minnesota, will be closing in a year for redeveloping, as startribune informs MHProNews. The 15 acre community with 97 factory-built homes, some pre HUD Code, follows a string of MHC closings in the northern Minneapolis metropolitan area. According to Metropolitan Council data, the...

30 Apr 2016

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Clayton Acquires another Site-built Home Builder

Clayton Acquires another Site-built Home Builder

MHProNews has learned from builderonline that manufactured housing giant Clayton Homes has acquired Goodall Homes of Gallatin, Tenn. as it increases its mark on the site-built home industry, having purchased site home builder Chafin Communities of Georgia last fall. Goodall has been building single-family homes, townhomes and condominiums since...

29 Apr 2016

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Louisiana Pacific Gains more than other Stocks, +2.47%; UFPI ends the week …

Louisiana Pacific Gains more than other Stocks, +2.47%; UFPI ends the week Down -5.94%

In the news from CNNMoney: NASDAQ ends week with 2.7 percent loss. $458 billion in taxes go unpaid every year. Atlantic City about to slip into default. At 2,608 days, the market upswing is second longest bull market in U. S. history. Australia intends to block purchase of huge ranch by Chinese firm. Exxon/Mobil profits […]...

29 Apr 2016

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MHARR, MHI Spar over FHFA Duty To Serve Manufactured Housing via GSE Chatte…

MHARR, MHI Spar over FHFA Duty To Serve Manufactured Housing via GSE Chattel Lending

On April 26, 2016 the Federal Housing Finance Agency (FHFA) held a roundtable discussion with manufactured housing industry leaders, inviting those who commented on the proposal, to get their input on the FHFA’s proposed “Duty to Serve” rule, according to the Manufactured Housing Institute‘s (MHI) Housing Alert to MHProNews. Lesli Goo...

29 Apr 2016

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Murdoch’s Barron’s Reports Incorrect Info about Manufactured Home Industry

Murdoch’s Barron’s Reports Incorrect Info about Manufactured Home Industry

Writing in barrons, Teresa Rivas says shares of manufactured and modular home builder Skyline Corp. have risen because of a case of mistaken identity: Sky TV is billionaire publisher Rupert Murdoch’s entertainment company, which announced in early March it was launching a new TV channel in the British Isles. Skyline the home builder is...

29 Apr 2016

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Drew Drawing a Bead on Overseas Markets?

Drew Drawing a Bead on Overseas Markets?

MHProNews has learned that Elkhart, IN-based Drew Industries, Inc. announces the refinancing of its revolving credit facility from its current $100 million that will expire in Jan. 2019, to $200 million, led by JPMorgan and Wells Fargo. The company had nothing outstanding against the $100 million at the close of the refi. Drew intends to […]...

29 Apr 2016

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Stop-work Order Leads to Uncertain Future of Factory-built Home

Stop-work Order Leads to Uncertain Future of Factory-built Home

Eight months after issuing a stop-work order on what was said to be a modular home due to an ordinance violation in the Ward Ridge area of Port St. Joe, Fla., the order remains in effect and the home sits unoccupied, on wheels, and falling over. Owned by Robert Mike, the home was approved by […]...

29 Apr 2016

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Patrick Ind. Reports Revenue Increase of 25 percent for Q1

Patrick Ind. Reports Revenue Increase of 25 percent for Q1

For the first quarter of 2016, manufactured home (MH) and recreational vehicle (RV) component supplier Patrick Industries, Inc. (NASDAQ:PATK) reports sales increased $55.2 million, 25 percent, from $223.4 million to $278.6 million, largely attributable to a 25 percent increase in revenue from the RV industry. Revenue from the MH industry rose 23...

28 Apr 2016

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All Tracked, MH-related Stocks Drop, or remain even, with Patrick leading t…

All Tracked, MH-related Stocks Drop, or remain even, with Patrick leading the Downward Charge

In the news from CNNMoney: Amazon stock soars as earnings beat forecasts. Confidence in U. S. economy plunges. Delta buys 75 new Bombardier jets. Facebook will someday be worth $1 trillion. The CEO of Priceline is out following affair with employee. Billionaire Apple investor Carl Icahn dumped his Apple stock, citing competition from China,...

28 Apr 2016

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Featured Articles and Reports - April 2016 Vol. 7 No. 7

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How To Handle A Negative Review Online

How To Handle A Negative Review Online

by Wayne Coakley It is inevitable that at some point someone will post a negative review about your MH business in an online forum. NSP_READMORE

MARKETING

Kids Will Be Kids – Even in Your Advertising

Kids Will Be  Kids – Even in Your Advertising

by Nadeen Green, JD Sometimes I struggle to come up with ideas for articles to post. And sometimes the repetitive questions from those who reach out to me for input signals... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Do you support our industry?

Do you support our industry?

Trade associations, their board of directors and executive directors dedicate countless hours and dollars to keep you apprised of our ever-changing MH Industry. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Clayton Celebrates a Culture of Craftsmanship

Clayton Celebrates a Culture of Craftsmanship

by Clayton Homes Thousands of skilled workers built over 34,000 quality homes in 2015 MARYVILLE, Tenn., March 15, 2016 /PRNewswire/ -- The Clayton home building group has released a video showcasing the talented men and... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Buffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent

Buffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent

by Matthew Silver As Warren Buffett’s Berkshire Hathaway approaches ten percent ownership in Wells Fargo & Co., mostly through several of Berkshire’s subsidiaries, he will have to pass a Federal Reserve... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Deer Valley Stock Worth the Risk, Says Brian Grosso

Deer Valley Stock Worth the Risk, Says Brian Grosso

by Matthew Silver Writing in seekingalpha, Brian Grosso tells MHProNews Deer Valley Corp. (OTCQX:DVLY) common stock is undervalued and may be a good investment because the stock is trading so low for... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Judge Garland has Ruled against Small Employers in the Past

Judge Garland has Ruled against Small Employers in the Past

by Matthew Silver Tom Scott, the California Executive Director of the National Federation for Independent Business (NFIB), writing in ocregister, says President Obama’s choice for the Supreme Court, Merrick Garland, has... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Sun Acquires Carefree Communities

Sun Acquires Carefree Communities

by Matthew Silver Headquartered in Southfield, Michigan, Sun Communities, Inc. (NYSE:SUI) is acquiring Carefree Communities Inc. from Centerbridge Capital Partners II, LP for $1.68 billion in aggregate, which includes $1.655 billion... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Addressing the Dirty Laundry – Manufactured Housing & the Mainstream Media

Addressing the Dirty Laundry – Manufactured Housing & the Mainstream Media

by John Bostick We all have wonderful stories to tell about our industry. We all have glowing letters from satisfied customers, telling how much they love their manufactured home and what... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

We The People – How Manufactured Housing Pros – and All Americans – Can Pro…

We The People – How Manufactured Housing Pros – and All Americans – Can Prosper Anew

by L. A. 'Tony' Kovach For years, MHPros have been pounded by regulatory over-reach flowing from Washington DC. Is there a simple answer to these vexing and costly DC edicts from... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Secrets! The Common-Sense, Informed Woman's Guide to Manufactured Housing …

Secrets! The Common-Sense, Informed Woman's Guide to  Manufactured Housing Succe$$

by Soheyla Kovach Ladies, do you ever shop? Guys, have you ever taken dollars and used them to purchase a product or service that you, someone you care about, or your... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

HUD's Pam Danner love-fest over? Time to Revisit Vic DeRose for MH Program …

HUD's Pam Danner love-fest over? Time to Revisit Vic DeRose for MH Program Top Spot?

by L. A. “Tony” Kovach Prior to the selection of HUD's Pam Danner, Esq., long time readers of MHProNews.com may recall that MHI and MHARR both agreed on asking for Victor A. DeRose,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

2016 Tunica Manufactured Housing Show Recap Video and Report

2016 Tunica Manufactured Housing Show Recap Video and Report

by L. A. 'Tony' Kovach Let's be blunt. Go back in time several months, and there were a lot of pros who were nervous about the impact on this year's event... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

12 Reasons an Educated, Professional Iranian-American Woman Supports Donald…

12 Reasons an Educated, Professional Iranian-American Woman Supports Donald Trump 

by Soheyla Kovach America is a good country, and I'm very happy to be here legally in the United States. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Can you let go of - yesterday and tomorrow?

Can you let go of - yesterday and tomorrow?

by Tim Connor, CSP The most common challenge for most people is to stay focused in now moments rather than the issues, memories, regrets or mistakes of yesterday or the challenges... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Life isn't Fair or Unfair

Life isn't Fair or Unfair

by Tim Connor, CSP  Life isn't fair and it isn't unfair.  It just is.  Life is neutral.  It brings each person unique opportunities or challenges to learn and grow as a... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Uncle No Name

ZigOn Uncle No Name

by Zig Ziglar His name was Wally Amos and he built a $100 million business selling his "Famous Amos Cookies." NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Come “Make a Deal” with CU Factory Built…

Come “Make a Deal” with CU Factory Built Lending and Mountainside Financial at MHI National Congress & Expo

Open your doors of opportunity May 3 to 5 at the annual MHI Congress & Expo by playing Let’s Make a Deal with CU Factory Built Lending and Mountainside Financial. Visit MSF at booth 407 and CUFBL at booth 506 for your opportunity. Whether you’re a retailer, community owner or investor, our innovative programs are designed to meet the needs of your customers. As your credit union partner for manufactured home lending, we are committed to the sustainability of the manufactured housing industry, and the best interest of our members. We value stewardship of our members’ funds, therefore, we are dedicated to ethical lending practices. We look forward to seeing you in Las Vegas. If you have any questions before then, please visit us online at www.cufbl.com andwww.mountainsidefinancial.com. ###

the MHMSM Team 27 Apr 2016 Corporate Press Releases

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MHWC Will Attend the National Congress &…

MHWC Will Attend the National Congress & Expo, May 3-5, 2016

MHWC, the national leader in new home manufactured warranties, will be exhibiting at the 2016 National Congress & Expo to provide information on the benefits of its many warranty programs to builder/dealers and manufacturers. The Expo will be held on May 3-5, 2016 at Caesar’s Palace, Las Vegas. The National Congress & Expo is an excellent venue for attendees to obtain the knowledge and resources necessary to excel in today’s housing marketplace. Attendees will be able to choose from top quality educational programs and special events; network with the most successful professionals in the industry including manufacturers, community owners/managers, suppliers, financial service providers, insurers, retailers and more. Tifanee McCall, National Account Manager for MHWC, will be in attendance to answer questions and provide information on any of the numerous new home warranties and risk management services provided...

the MHMSM Team 01 Apr 2016 Corporate Press Releases

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Inventory Insurance for Floor Plan and R…

Inventory Insurance for Floor Plan and Retail Dealers

Triad Financial Services has been providing financing services to the Manufactured Housing Industry for over 55 years.  Triad is one of the leading lenders of retail finance in the industry.  In recent years, Triad has filled a void in the industry by providing Floorplan Financing for certain manufacturers and retailers alike. As part of Triad’s Floorplan Financing Program, Triad offers an Inventory Insurance Program. The Inventory Insurance Program is for both Triad Financed inventory and Non-Triad Financed Inventory.  The program offers exceptional coverage at very competitive rates.  Some of the program highlights include: Program rate for ALL states is $ .49 (per $1000 value of inventory) ALL perils including Flood & Wind (available in ALL areas) Includes a $100,000 Transit Limit No monthly reporting on Triad Financed Inventory Full replacement cost coverage on new inventory Premium will be...

the MHMSM Team 20 Mar 2016 Corporate Press Releases

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Closed! South Haven MHP - South Haven, M…

Closed! South Haven MHP - South Haven, Michigan

Property Overview South Haven contains 53 sites, which was built in the 1959 expanded in 1961, on 3.9+/- acres with a density of 13.59 units per acre. The community is serviced by municipal water and sewer, which is not sub-metered and is included in the resident’s rent. The streets are constructed of asphalt are in “average” overall condition. Sites in the community average approximately 65x40 and can accommodate both single and double wide homes, with overhead utilities, and off street parking for 1-2 cars.

the MHMSM Team 20 Mar 2016 Corporate Press Releases

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Michigan Manufactured Home Community Ren…

Michigan Manufactured Home Community Rent and Occupancy Continues Growth Trend According to Datacomp 16-Year Market Summary Report

Grand Rapids, Michigan – Datacomp, publisher of JLT Market Reports and the nation’s #1 provider of market data for the manufactured housing industry, today announced a 16-year summary of its manufactured home community rent and occupancy reports for major markets in Michigan. Recognized as the industry standard for manufactured housing market data for over 20 years, JLT Market Reports provide detailed research and information on communities located in 87 markets throughout the United States, including the latest rent trends and statistics, marketing programs and a variety of other useful management insights. The most recent JLT Market Reports for manufactured home communities in Michigan were released in February 2016 and include 363 communities encompassing 113,777 homesites. This summary report is based on rent and occupancy trends from February 2016 to February 2015. Findings and...

the MHMSM Team 20 Mar 2016 Corporate Press Releases

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Clayton Home Building Group Announces Pa…

Clayton Home Building Group Announces Partnership with Electrolux

National homebuilder and top appliance brand team up to offer more choices to customers MARYVILLE, Tenn., Jan. 7, 2016 /PRNewswire/ -- The Clayton home building group today announced it has joined with AB Electrolux to provide all of its homes with the option of being furnished with products made by this leading appliance manufacturer. AB Electrolux produces a wide array of refrigerators, dishwashers, ovens, washing machines and other home and kitchen appliances under its Electrolux™, AEG™ and Frigidaire™ brands. In 2016, anyone purchasing a Clayton home will be able to choose these high-quality, brand-name appliances as options for their new home. "Electrolux is one of the biggest names in home appliances, and we're excited to be partnering with them," Clayton CEO Kevin Clayton said. "The Electrolux family of brands produces some of the most cutting-edge and highest-quality...

the MHMSM Team 08 Mar 2016 Corporate Press Releases

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