Newsletter Archive

Latest Comments

The Masthead
Daily Business News
Industry Voices
INspirations
Words of Wisdom
The Cutting Edge
Powered by Disqus
Find the perfect job or hire the perfect employee

Sell or Buy using our Classifieds

Upcoming Events

Submit your news and events

Access to financing by millions of home owners and would be buyers, as well as job loss-or-creation, hangs in the balance due to regulatory hurdles caused by Dodd-Frank. So say supporters of the Preserving Access to Manufactured Housing Act of 2013, known as HR 1779. The bill proposes a remedy and has surpassed the century mark of co-sponsors. 20 Democrats and 85 Republicans have signed onto HR 1779, presently 105 co-sponsors in the 113th Congress. This more than doubles what was achieved with HR 3849, a similar bill filed in the prior 112th Congress. The dramatic increase is one of many clear signs that momentum is growing. 58 co-sponsors have been added since the end of the summer Congressional recess.

bag-cash-padlocked-manufactured-home-living-news-At the heart of the issue is access to financing for low cost homes, which disproportionately impacts affordable manufactured home lending.

Nancy Geer, New York Housing's Executive Director was pleased to confirm that Congressional Representative Tom Reed (R-23) became the 103rd co-sponsor of HR-1779 on November 15th. "Congressman Reed becomes the 7th New York Congressman to sign on, joining Congress Members Bill Owens, Richard Hanna, Chris Gibson, Chris Collins, Peter King and Paul Tonko." Geer said.

An industry insider said on condition of anonymity that, “What the ACA - ObamaCare - is to the health and insurance industries, Dodd-Frank and the CFPB's current policies are to home lending. Both are disastrous.”

Whether for similar or different reasons, Nancy Geer encouraged even more effort by her members and others in the industry to swell the numbers of co-sponsors further, in order to protect home owners and businesses alike from the unintended consequences of Dodd-Frank. Geer's association includes groups representing home owners as well as a cross section of companies associated with factory-built homes.

Richard "Dick" Jennison, CEO of the Manufactured Housing Institute (MHI), said they are pleased to be approaching their goals on HR 1779.

"Credit should be given to those manufactured housing state association executive directors and their members whoseus_congress_wikicommons-posted-industry-in-focus-reports- outreach efforts to their congressional representatives clearly has made the difference in securing 105 cosponsors to H.R. 1779." Jennison said.

"However," Jennison continued, "we still need help in securing co-sponsors in some of our key manufactured housing states in order to push us across the finish line!  We are expecting the Senate bill to drop right after the Thanksgiving recess."

While there are many voices of support for Preserving Access to Manufactured Housing Act, not all who have read HR 1779 like the measure.

"I'm skeptical that this is going to suddenly result in a huge downturn of lending in this area," John Van Alst, staff attorney with the National Consumer Law Center in Boston told the Wall Street Journal. Alt's “this” means the CFPB's proposed regulations.

By contrast, U.S. Senator Sherrod Brown (D-OH) - certainly seen by his colleagues as a consumer advocate - said in a statement last spring that manufactured homes "represent a different product, with a different consumer base" than loans for traditional homes.

What Alst and other not familiar with manufactured housing may fail to realize is that the industry has been recovering for three years from a nearly decade long prior slump caused in part by the easy money that eventually burst the housing mortgage bubble in 2008. No-doc "liar loans" drew would-be manufactured home buyers to conventional housing by the hundreds of thousands. Millions of those loans later cratered, because they were not truly affordable for their buyer. The bubble that burst caused by that lending was tied to higher priced conventional housing, not manufactured home loans.

But while those easy money housing loan practices reigned, hundreds of home manufacturing facilities were closed, along with thousands of retail centers since the industry peak of 1998, when over 372,000 homes were built. The industry sunk to 49,000 starts 3 years ago, and has since recovered to about 60,000 new homes built for 2013.

Industry professionals complain that they are being de-facto punished more than those who caused the housing/mortgage mess.

As an example of the practical impact of the CFPB's pending rules, the cost for a lender to originate a $35,000 manufactured home (MH) loan would be similar to the cost to originate a $250,000 conventional housing loan. Without a sufficient spread on rates, points or fees, the low cost MH loans can't be profitably made.

The result? Loss of access to lending that is otherwise available. It's simple math.

U.S. Senators seek a Remedy

Senator Brown and a number of his colleagues from both sides of the political aisle have sent a letter to Richard Cordray in support of a regulatory fix for the unintended consequences from Dodd-Frank. Wikipedia says, "Richard Cordray is an American lawyer and Democratic Party politician who currently serves as the first Director of the Consumer Financial Protection Bureau."

Signatories to the letter coordinated by Senate Banking Subcommittee Chairman on Financial Institutions and Consumer Protection, Sherrod Brown, included Senators Lamar Alexander (R-TN), John Boozman (R-AR), Thad Cochran (R-MS), Bob Corker (R-TN), Joe Donnelly (D-IN), Joe Manchin (D-WV), Mark Pryor (D-AR), Jay Rockefeller (D-WV), Pat Toomey (R-PA), and Roger Wicker (R-MS).

The strongly bi-partisan support in the Senate - 5 Democrats and 6 Republicans - bodes well for the bill, once it is filed or "dropped" as MHI's Jennison termed it. The senators' letter, as well as others resources, are available as a download or are linked at the end of this article.

The letter from the senators to CFPB Director Cordray indicates that current manufactured home owners, potential home buyers and a large cross section of the industry would be adversely impacted in the absence of either a regulatory or legislative fix.

Is "Dodd-Frankenstein," ObamaCare2?

Some commentators are referring to Dodd-Frank as “Dodd-Frankery” or “Dodd-Frankenstein.” They point to the high cost of regulatory compliance as harming community banks and smaller lenders. That high cost of compliance in turn cuts off consumers and businesses alike from sources for financing.

bank-credit-finmarkusa-posted-manufactured-home-pro-news-These and other factors explains why 118 Members of the House of Representatives also urged CFPB Director Cordray to delay the effective date of mortgage finance rules. Those rules are currently scheduled to go into effect January 2014. The requested delay would be for one year until January 2015. The delay would cover HOEPA, appraisal and loan originator guidelines that impact the manufactured home industry, as well as harm the broader housing market and other economic sectors.

The congressional letter to Cordray says in part, "If financial institutions are unable to comply with these rules by the January 2014 deadline there could be significant distortions in the mortgage market affecting the availability of credit for consumers."

One source referred tongue-in-cheek to the CFPB as the "Consumer Financing Prohibition Bureau."

Some industry professionals are speculating that millions of Americans could react to the negative impact of these federal rules in much the same way as millions of consumers have to the cancellation of insurance policies caused by ObamaCare. "If you like you financing, you can keep it," quipped a top executive, a reference to the pledge made dozens of times by the president and others in support of ObamaCare.

If Dodd-Frank indeed ends up in the eyes of consumers as a kind of "ObamaCare2," expect millions to rise in protest after the regulations kick in, if regulatoryvote-wikicommons- and/or legislative remedies are not adopted.

Why? Because some 20 to 23 million Americans live in pre-HUD Code mobile homes or post HUD Code manufactured homes. There are thus enough voters among these home owners to swing many district's vote in an election.

Preparing for the Impact

Dick Ernst, president and principle consultant at FinmarkUSA.com will be moderating panel discussions in January 2014 at the Louisville Manufactured Housing Show and in Dallas with the Texas Manufactured Housing Association. The panels of lenders and experts will tell hundreds of professionals who will gather the latest "does and don'ts" of the ever changing federal regulations.

C-Suite level industry leaders are not playing wait and see. Many are actively engaged in lobbying Congress to mitigate the negative impact of Dodd-Frank, the SAFE Act and other laws that now fall under the regulatory authority of the CFPB.

One such CEO is Sam Landy, of rapidly-growing land-lease community operator, UMH Properties (UMH). Their firm has encouraged residents and staff alike to contact elected officials in support of HR 1779. Working in concert with associations in Pennsylvania and other states they operate in, their efforts are bearing fruit.

Landy told MHProNews that with the quality yet affordable product the industry offers today, given the right financing, he believes new manufactured home sales could rise to 5 or 6+ times their current levels. That sort of increase would create some 250,000 new jobs, according to figures used by MHI.

The flip side is that two major industry lenders believe that some 40% of loans they made in 2012, would not be made in 2014 under new CFPB guidelines. If true, that would result in roughly 6000 lost jobs in home building alone.

Landy said, "From my perspective if the government just removes the provisions of the SAFE Act and Dodd-Frank that stop us from selling homes to people who can afford them, I’d be happy enough."

UMH believes in the sector, having doubled its holdings in the last five years. Landy stated, "If a person was in this business anytime but the last ten years they would say this is the best business there is. People need quality housing at a reasonable price. We provide that. We provide a better product than apartments, townhouses, condos and single family homes for our customers. Apartment rents have been increasing. Single family home buyers now need down payments once again."

Landy pointed out that for around $70,000, someone can have an entry level 3 bedroom 2 bath manufactured home, including the cost of a lot. U.S. Census Bureau figures bear that number out. With incomes down, and most Americans still wanting to own rather rent, Landy sees new manufactured home sales rising to 300,000 to 400,000 shipments a year. That would be up from the current level of about 60,000 homes a year.

manufactured-home-not-your-grandfather-trailer-house-by-harold-hunt-phd-photo-credit-real-estate-center-texas-am-university-posted-on-mhpronews-com-660x330

Manufactured Home interior
Photo Credit, Real Estate Center, Texas A&M University

Prophecy, Non-profits and Academics

"Sam Landy can be a prophet if we get our message out correctly."

So said Barry Noffsinger, Sales and Marketing Manager for award-winning CU Factory Built Lending (CUFBL), who also supports the push for HR1779 and its soon-to-be-filed companion bill in the Senate.

CUFBL is a division of non-profit San Antonio Credit Union. When asked about non-profits and manufactured housing, Noffsinger said, "The non-profits are great advocates of the virtues of manufactured housing; they just come at it from a different angle."

Noffsinger elaborated, "I was recently at I’m Home Retreat in Denver and you would have thought that you were at an MHI convention if you closed your eyes. They see manufactured housing as the answer to the country's affordable housing needs and promote it as a wealth-building tool for many Americans – see the similarities?"

When Noffsinger speaks about non-profits, he is referring to Corporation for Enterprise Development  (CFED), Next Step and others. CFED's CEO Andrea Levere write a glowing OpEd for the Huffington Post earlier this year, extolling the virtues of manufactured housing.

Stacey Epperson, CEO of Next Step, was featured in Forbes. Epperson was a conventional “site builder” who pivoted from hating manufactured housing out of ignorance, to embracing them as a solution to quality, affordable living for millions in all economic levels.

Howard Banker, Executive Director of the Fair Mortgage Collaborative published a report favorable to manufactured housing and its lending earlier this year.

Academics such as Harold Hunt, PhD at the Real Estate Center at Texas A&M, are also being won over by the quality, safety and energy savings features found in modern manufactured homes.

So one of the tragic ironies is that the regulatory-induced choke hold on manufactured housing comes at a time when the industry is gaining some long-overdue respect.  

Mortgage Lenders Concur

"Manufactured housing is an excellent option for our growing population. We foresee its continued growth for years to come," observed Andrew Peters, CEO of First Guaranty Mortgage Corporation.

With the need for some 19.9 million new housing units by 2030, incomes down in the last five years, and expectations for quality - yet affordable - home ownership still robust, Peter's point makes sense.

Peters told MHProNews, "Right now, I see two key challenges for our industry. The first is the atmosphere of uncertainty caused by the dramatically shifting regulatory landscape. Uncertainty paralyzes business, and hurts the availability of credit. The second challenge follows naturally from the first. The tightening of lending requirements threatens to dampen the recovery we have seen in the past year."

While stressing that the industry's retailers needed to diversify into using more FHA, VA and USDA lending that are made at rates that mirror conventional housing, Peters said that personal property lending has long been the key driver of home sales in this sector.

According to Peters, these personal property or 'chattel' loans "...are and have been the life blood of the manufactured home industry since its earliest days, years before the HUD Code went into effect. So anyone concerned with the long term viability of the industry wants to see chattel lending continue. It is unique to manufactured housing compared to other forms of home financing."

Other industry lenders we spoke with, such as Tim Williams, CEO of 21st Mortgage Corporation and Triad Financial Services Chairman and CEO, Don Glisson, Jr. agree.

The ULC and MH Financing 

As a different sought after option, a finance expert connected to a respected non-profit organization raised the subject of the Uniform Law Commission (ULC) plan to declare all manufactured homes real property.  This, their supporters hope, would make financing manufactured homes easier and lower cost than personal property lending.

However, the same expert admitted off the record that at that point in time, they had yet to find a single bank who would enter the space and do the kind of loans they want under the plan.  Industry professionals – especially those connected to land-lease communities - see mainly headaches with the ULC's concept.

That leaves the industry and its home owners squarely in need of the regulatory and/or legislative relief, sought in HR 1779.

This serious need for HR 1779 may explain the timing at MHI, which just hired Rick Robinson as their Vice President of Government Affairs and General Counsel.

Robinson will support MHI Senior Vice President Jason Boehlert's government affairs role. Clearly, the trade association is beefing up efforts with regulators and on Capitol Hill.  

Chorus of support for HR 1779

Statements made to MHProNews by

  • Cavco Industries Chairman Joe Stegmayer,

  • Drew Industries Chairman Leigh Abrams,

  • Equity Lifestyle Properties (ELS) CEO Marguerite Nader

  • Green Courte Partners Chairman Randy Rowe,

  • Champion Homebuilders Vice President Phyllis Knight and

  • RV/MH Hall of Fame inductee Mike Evans, founder of Centennial Homes

are all among the chorus of a broad cross-section of the manufactured home industry that lament the current regulatory burdens and support enactment of HR 1779.

Stop Picking Winners and Losers

Barry Noffsinger said, “Alexis de Toqueville wrote in his book Democracy in America,”


“In a democracy, the people get the government they deserve.”

Congressman Stephen Fincher (R-TN8), author of HR 1779, said in an interview with MHProNews that "The government has an incredibly poor track record of picking winners and losers, and it needs to stop doing it. Instead, we need for Congress and the Administration to get out of the way and allow businesses and industries to make decisions that will allow them to thrive and create more jobs."

Fincher, himself a small businessman and a farmer stated, "I stepped up because this is a common sense issue. The government’s overreach and bad regulations here are hurting jobs and families. Something has to be done to stop that, and H.R. 1779 is just one way we can help maintain the quality of life for Americans across the country." ##

Related downloads, stories and an appendix include:

- Congressional Co-Sponsors, by date = Is your State on this List? Industry in Focus, MHProNews

- Download - Letter from 11 US Senators to CFPB

Update. Download of Reply letter from CFPB Director Richard Cordray to U.S. Senators, declining changes.

12/18/2013 Update - companion Senate Bill S. 1828 filed, news brief linked here.

- Download – Letter from 118 Congressional Representatives to CFPB

- Not Your Grandfather's Trailer House by Harold Hunt, PhD, Real Estate Center, Texas A&M.

- A Cup of Coffee with...Barry Noffsinger, CUFBL

- A Cup of Coffee with...Sam Landy, CEO UMH.

- A Cup of Coffee with...Tim Williams, CEO 21st Mortgage Corporation

- A Cup of Coffee with...Joe Stegmayer, Chairman Cavco Industries

- A Cup of Coffee with...Leigh Abrams, Chairman Drew Industries

- A Cup of Coffee with...Marguerite Nader, CEO of Equity Lifestyle Properties

- A Cup of Coffee with...Andrew Peters, CEO First Guarantee Mortgage Corporation

- A Cup of Coffee with...Phyllis Knight, EVP Champion Home Builders

- A Cup of Coffee with...Randy Rowe, Chairman, Green Courte Partners

- A Cup of Coffee with...Mike Evans, CEO Centennial Management (Centennial Homes)

- A Cup of Coffee with...Stephen Fincher, Congressman (R-TN8), HR 1779 Sponsor.

- American Bankers Urged More to Lend on Manufactured Homes, Howard Banker, Exeuctive Director, Fair Mortgage Collaborative.

- Next Step, Our Story, Stacey Epperson, CEO Next Step Network.

Appendix:

Co-sponsors by State for HR 1779

As of 11.19.2013
State H.R. 1779 – 105 cosponsors H.R. 3849 (112th Congress) - 43 cosponsors
(20 Democrats / 85 Republicans (12 Democrats / 31 Republicans)
Alabama 6 out of 7 3 out of 7
Alaska 0 out of 1 0 out of 1
Arizona 8 out of 9 2 out of 8
Arkansas 2 out of 4 0 out of 4
California 1 out of 53 2 out of 53
Colorado 2 out of 7 0 out of 7
Connecticut 0 out of 5 0 out of 5
Delaware 0 out of 1 0 out of 1
Florida 2 out of 27 0 out of 25
Georgia 3 out of 14 1 out of 13
Hawaii 0 out of 2 0 out of 2
Idaho 1 out of 2 0 out of 2
Illinois 2 out of 18 2 out of 19
Indiana 4 out of 9 3 out of 9
Iowa 2 out of 4 3 out of 5
Kansas 0 out of 4 0 out of 4
Kentucky 5 out of 6 1 out of 6
Louisiana 1 out of 6 0 out of 7
Maine 1 out of 2 1 out of 2
Maryland 0 out of 8 0 out of 8
Massachusetts 0 out of 9 0 out of 10
Michigan 4 out of 14 0 out of 15
Minnesota 3 out of 8 1 out of 8
Mississippi 4 out of 4 4 out of 4
Missouri 2 out of 8 0 out of 9
Montana 1 out of 1 0 out of 1
Nebraska 1 out of 3 0 out of 3
Nevada 0 out of 4 0 out of 3
New Hampshire 0 out of 2 0 out of 2
New Jersey 1 out of 12 0 out of 13
New Mexico 1 out of 3 0 out of 3
New York 7 out of 27 0 out of 29
North Carolina 5 out of 13 3 out of 13
North Dakota 0 out of 1 0 out of 1
Ohio 5 out of 16 1 out of 18
Oklahoma 5 out of 5 5 out of 5
Oregon 1 out of 5 0 out of 5
Pennsylvania 12 out of 18 3 out of 19
Rhode Island 0 out of 2 0 out of 2
South Carolina 3 out of 7 2 out of 6
South Dakota 0 out of 1 0 out of 1
Tennessee 5 out of 9 (includes sponsor) 6 out of 9 (includes sponsor)
Texas 0 out of 36 0 out of 32
Utah 0 out of 4 0 out of 3
Vermont 0 out of 1 0 out of 1
Virginia 2 out of 11 0 out of 11
Washington 0 out of 10 0 out of 9
West Virginia 2 out of 3 1 out of 3
Wisconsin 2 out of 8 0 out of 8
Wyoming 0 out of 1 0 out of 1



tony-kovach-2by L. A. 'Tony' Kovach
ManufacturedHomeLivingNews.com|MHProNews.com|
Business and Public Marketing & Ads:B2B|B2C

Websites, Contract Marketing & Sales Training, Consulting, Speaking:

MHC-MD.com|LATonyKovach.com| Office 863-213-4090

Daily Business News Briefs

SSK Communities Plans Revamping of Manufactured Home Community

SSK Communities Plans Revamping of Manufactured Home Community

MHPronews has learned from wfie14news that SSK Communities has acquired the 353 home site Lamp Lite Estates manufactured home community (MHC) in Owensboro, Kentucky and intends to “make significant improvements” which will include changing the name to Riverbend Pointe. Nathan Smith, SSK co-founder and Chairman of the Board of Directors of the Man...

30 Jun 2015

NSP_READMORE

Cavco will Retain Fairmont’s Employees, Expand its Customer Base

Cavco will Retain Fairmont’s Employees, Expand its Customer Base

Following a story MHProNews last posted June 19, 2015, regarding Cavco Industries’ purchase of Fairmont Homes and subsequent request for tax abatements from the city of Nappanee, Indiana for production upgrades, the Nappanee City Council approved a $40,000 tax phase-in for equipment purchases and employee training. Noting that...

30 Jun 2015

NSP_READMORE

Appraisal Rule Implementation Looms for HUD Code Manufactured Home sales

Appraisal Rule Implementation Looms for HUD Code Manufactured Home sales

The Texas Manufactured Housing Association (TMHA) reminds MHProNews that the new appraisal disclosure rules go into effect on July 18, 2015. The rules apply to those homes that go beyond QM status limits set by the Consumer Financial Protection Bureau (CFPB) regulations. DataComp and NADA are going to be the likely vendors of choice, both […]...

30 Jun 2015

NSP_READMORE

Manufactured Housing Institute’s National Modular Housing Council reports d…

Manufactured Housing Institute’s National Modular Housing Council reports dip in Q1 Modular Home shipments

As part of the ongoing mixed signals from the factory built housing market, the Manufactured Housing Institute’s (MHI) National Modular Housing Council (NMHC) reports that 2,763 new MODs were shipped during the first quarter of 2015 in the states where they track shipments. That is a 3.9% decline over the same period in 2014. There […]...

29 Jun 2015

NSP_READMORE

Greek Banks Closed, PR’s Gov says can’t pay debt, Dow Plunges and MHCV shed…

Greek Banks Closed, PR’s Gov says can’t pay debt, Dow Plunges and MHCV sheds 3½%

The markets took their biggest hit in about 2 years, as the crisis in Greece grows with the limiting of ATM withdrawals over the weekend, and bank closures today. Closer to home, Puerto Rico’s $72 billion dollar debt may also be at risk, per words spoken by their own governor. There are those who say […]...

29 Jun 2015

NSP_READMORE

Experts Compare Manufactured Homes to Apartments and Conventional Houses

Experts Compare Manufactured Homes to Apartments and Conventional Houses

Jon Johnson is a senior service technician who has years of experience with a number of property management firms in the multi-family housing industry. Inspector Tim Bunch has inspected literally thousands of houses over the years, including new construction, existing resales and manufactured homes. These two distinct video interviews each reveals...

29 Jun 2015

NSP_READMORE

Another Attempt by Locals to regulate Manufactured Homes may violate Federa…

Another Attempt by Locals to regulate Manufactured Homes may violate Federal Law

Melonie Roberts of the Monett Times  informs MHProNews of another incident of a troubling trend where local jurisdictions are attempting – perhaps out of ignorance – to regulate manufactured homes in a fashion apparently contrary to federal preemption. Pierce City, MO “Aldermen also approved an ordinance governing the age of mobile ho...

29 Jun 2015

NSP_READMORE

Manufactured Housing’s Sunday Morning Weekly News Recap June 21-28, 2015 ad…

Every week, the ‘history’ of modern manufactured and modular housing is passing before the eyes of our readers here. We cover some mainstream housing news too, when it ought to be of keen interest to those in some aspect of factory-built housing. Our web reports tell us there are those who are faithfully on our […]...

28 Jun 2015

NSP_READMORE

Analysts Give Manufactured Home Community giant ELS Thumbs Up

NASDAQ.com published the following on Friday about manufactured home community sector giant, Equity Lifestyle Properties (ELS). “In trading on Thursday, shares of Equity Lifestyle Properties Inc’s 6.75% Series C Shares (Symbol: ELS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares c...

27 Jun 2015

NSP_READMORE

Richard W. Florea named President and CEO of Skyline Corporation, Manufactu…

Richard W. Florea named President and CEO of Skyline Corporation, Manufactured/Modular Home Builder

ELKHART, IN., June 25, 2015. Skyline Corporation (NYSE: SKY) announced their Board of Directors named Richard W. Florea as President and Chief Executive Officer and appointed him to the Board of Directors effective July 27, 2015.  The company also stated that Bruce G. Page who previously was President, Chief Executive Officer and a Director is...

26 Jun 2015

NSP_READMORE

Manufactured Housing Composite Value Rose, Tracked Stocks Closed Mixed

Manufactured Housing Composite Value Rose, Tracked Stocks Closed Mixed

Marketwatch’s  Michael Gayed asks; are investors living in the eye of the storm? “There are some things you learn best in calm, and some in storm.” – Willa Cather. Greece, domestic and other international matters have created a volatile mix for the market, but today there was relative calm. Meanwhile, the Yahoo Manufactured...

26 Jun 2015

NSP_READMORE

Featured Articles and Reports - June 2015 Vol. 6 No. 9

NSP_PREV NSP_NEXT NSP_PAGE

The Post That Should Not Need to be Written

The Post That Should Not Need to be Written

by Nadeen Green, JD Recently I had the opportunity to speak at the Fair Housing Matters conference in Nashville, Tennessee, hosted by the Tennessee Fair Housing Council, a private, non-profit organization... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Tornado Safety – Photos that tell you to 'have a plan' for your Community

Tornado Safety – Photos that tell you to 'have a plan' for your Community

by Kathleen M. Bianculli, CIC It’s tornado season and a great time to look at your community’s plan for both tenants and employees. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Senator Joe Donnelly on Preserving Access to Manufactured Housing – S 682 &…

Senator Joe Donnelly on Preserving Access to Manufactured Housing – S 682 & HR 650

by Senator Joe Donnelly and others Editor's Note: Senator Joe Donnelly and his team provided the following for-the-record response to MHProNews' recent inquiry about manufactured housing related finance issues. NSP_READMORE

FINANCING

Letter to Tony Kovach from Midwest Manufactured Housing Federation and the …

Letter to Tony Kovach from Midwest Manufactured Housing Federation and the Louisville Show Committee

by Ron Thomas, Sr. Dear Tony, I want to thank you for your exceptional work in promoting and providing educational seminars these last 5 years for the Louisville Show. NSP_READMORE

FINANCING

A Nation of Renters...or Home Buyers?

A Nation of Renters...or Home Buyers?

by L. A. “Tony” Kovach The quarter-full glass in front of you is begging to be filled. The growing demand for rental housing – and spiking rental rates – are crying... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Home Lenders at the Tunica Manufactured Housing Show Sound Off

Manufactured Home Lenders at the Tunica Manufactured Housing Show Sound Off

by L. A. “Tony” Kovach The recent Tunica Show brought about an amazingly rapid move from the prior location at the now closed Harrah's site, to what the planned location at... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Mobile Homes and Trailer Houses Are Dead …and have been for nearly 40 years

Mobile Homes and Trailer Houses Are Dead …and have been for nearly 40 years

by Victor Frost Every day our phone rings, or a customer walks into the Home Center, and they utter the words that are cringe worthy; “We want some information on your... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Small is Better … If it’s Beautiful

Small is Better … If it’s Beautiful

by Bob Vahsholtz There’s a bit of flak flying around about RV makers encroaching on our turf. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Don Glisson, Jr – CEO Triad Financial Services on Dodd-Frank, HR 650 S 682 …

Don Glisson, Jr – CEO Triad Financial Services on Dodd-Frank, HR 650 S 682 and Manufactured Housing Financing

by L. A. “Tony” Kovach The comments that follow are the 'full length' comments shared by Triad Financial's Chairman and CEO, Don Glisson, Jr.. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Rural Living – Returning to Exurban America?

Rural Living – Returning to Exurban America?

by Matthew Silver Before the meltdown of the housing market in 2008, metro areas lost 1.6 million people as the call of more wide open spaces, sprawling subdivisions and available mortgage... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Does it Matter what we call them? Mobile Home, Manufactured Home...?

Does it Matter what we call them?   Mobile Home, Manufactured Home...?

by Lea Anne Somerville Home, Sweet, Home. Home is where the heart is. A house is just a house until we move inside, ahhhh, then it becomes a home. What is... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Housing By State and By the Numbers

Manufactured Housing By State and By the Numbers

by L. A. “Tony” Kovach In this 'State of the Manufactured Housing Industry' June 2015 issue, we are looking at a wide range of facts and figures, all of which should... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Scott Roberts – Roberts Resorts and Communities – Video Insights for Manufa…

Scott Roberts – Roberts Resorts and Communities – Video Insights for Manufactured Housing Industry and Investment Professionals

by L. A. “Tony” Kovach Billions of dollars are on the sidelines chasing manufactured housing, notably in the land lease community sector. To get better insights into what's happening in MH... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Realtors ® and Manufactured Housing Growth

Realtors ® and Manufactured Housing Growth

by L. A. “Tony” Kovach There are those who have told me that 'going after' getting Realtors ® involved with a retail center or MH Community as a path to growing... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The State of the Manufactured Housing Industry

The State of the Manufactured Housing Industry

by L. A. "Tony" Kovach Manufactured housing (MH) nationally is alive and growing. Our manufacturers are producing the best homes ever. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Homes – myths, reality and potential

Manufactured Homes – myths, reality and potential

by Tim Connor, CSP For years the manufactured housing industry has fought to maintain and in many cases even establish itself as a viable alternative to site built homes. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Matthew Kelly – Energy Management - Keynote Video Clip

Matthew Kelly – Energy Management - Keynote Video Clip

by L. A. 'Tony' Kovach Matthew Kelly raises an interesting topic in this video clip. Beyond time management, what comes next? Kelly argues that the answer is 'energy management. NSP_READMORE

MANAGEMENT

ZigOn Personality

ZigOn Personality

by Zig Ziglar My dictionary tells me that personality is the "personal or individual quality that makes one person be different and act differently from another." NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

solutions-ani-newgif

MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

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

NSP_READMORE

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

NSP_READMORE

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

NSP_READMORE

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

NSP_READMORE

RV/MH Heritage Foundation Acquires Manuf…

RV/MH Heritage Foundation Acquires Manufactured Home on Display at the RV/MH Museum

ELKHART, Ind., - Thanks to several generous donations, the manufactured home on display at the RV/MH Hall of Fame and Museum in Elkhart, Indiana, is now owned by the RV/MH Heritage Foundation (Foundation), according to Foundation President Darryl Searer.  The home was originally erected and donated by Fairmont Homes for a period of one year for the purpose of showing visitors to the museum the evolution of mobile homes of the early to mid-20th century to today's modern affordable manufactured homes.  Since it was opened to the public in late 2013 it has been toured by thousands of visitors to the museum. As the clock was counting down to the end of the year when the home would have been removed by Fairmont Homes, Jim Shea, president of Fairmont Homes, offered to let the Foundation acquire...

Soheyla Kovach 01 Mar 2015 Corporate Press Releases

NSP_READMORE

FREE Educational Seminars Are Scheduled …

FREE Educational Seminars Are Scheduled for the  2015 Tunica Manufactured Housing Show!

These seminars were a major HIT at the 2015 Louisville Manufactured Housing Show. MHPros from Coast to Coast and Canada came... ...they praised the practical information for their businesses. We expanded seminar room space 30%, and still filled it! Come see why... Wednesday March 25th, 2015 Wednesday 8:30 AM to 9:45 AM. Lisa Tyler from Walden University and other MH Experts will be speaking on reasons why Realtors ®, investors, MH veterans and other housing professionals should be joining the ranks of profitably advancing America's most affordable new home construction. Opportunities in Modern MH. This will be a fast paced panel presentation, with Q&A planned. Wednesday 10 AM – 11 AM. Super-Charged Marketing! Dominate your area with savvy Marketing! Learn how to sell more homes and how MHCs can fill more vacant sites. Attract more customers with cash and good credit....

the MHMSM Team 25 Jan 2015 Corporate Press Releases

NSP_READMORE

Jobs