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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

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by Joe Dyton Manufactured housing professionals know the benefits of living in a manufactured home.  But tens of millions in the public have little or no clue. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Saginaw Valley | 179 Sites MHC | Saginaw, Michigan

Saginaw Valley | 179 Sites MHC | Saginaw, Michigan

by Christopher Nortley MHRE Inc. as the exclusive broker is please to present the opportunity to acquire Saginaw Valley MHC. located in Saginaw, MI. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

MHWC will attend the Louisville Manufactured Housing Show

MHWC will attend the Louisville Manufactured Housing Show

by Victoria Sontheimer MHWC will be attending the Louisville Manufactured Housing Show January 18-20, 2017 at the Kentucky Exposition Center in Louisville, KY. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Another Look at the Meaning of the Trump Victory for Manufactured Housing

Another Look at the Meaning of the Trump Victory for Manufactured Housing

by Paul Bradley Based on what’s been promised, my macroeconomic concerns are higher inflation, higher interest rates and higher deficits in the medium-term.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Be Surprised! Countdown to Louisville - Getting "The Total Package!"

Be Surprised! Countdown to Louisville - Getting

by Stan Posey Manufactured home retailers, developers and community professionals want to attract and sell as many qualified customers as possible. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Marketing Commandments, ADA Compliant Websites and Fair Housing

Marketing Commandments, ADA Compliant Websites and Fair Housing

by Nadeen Green, JD While I am often bossy, I am also not often heeded.  But because of the satisfaction of being able to say “I told you so” from time... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Having a Successful, Profitable 2017 - and Beyond - in Manufactured Housing…

Having a Successful, Profitable 2017 - and Beyond - in Manufactured Housing

by Soheyla Kovach Years before we first began publishing MHProNews.com and later MHLivingNews.com, Tony and I worked and lived in Manufactured Home (MH) Communities (MHCs) and did MH Retail management, marketing,... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Triad Financial Services Announces Record Loan Origination Volume

Triad Financial Services Announces Record Loan Origination Volume

by RC Williams Triad Financial Services, Inc. (Triad) today announced loan origination data for the first 9 months of 2016. A total of 5,684 loans have been funded by Triad for... NSP_READMORE

FINANCING

U.S. Homebuilder Confidence, November Report

U.S. Homebuilder Confidence, November Report

By RC Williams The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index was released on November 16th and remained unchanged at 63. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Warren Buffett Billions Richer, Check His Huge Gains After Trump Win

Warren Buffett Billions Richer, Check His Huge Gains After Trump Win

by RC Williams Even though the candidate that he backed lost the election, Warren Buffett has still made out in a major way. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

UFPI Q3 Results

UFPI Q3 Results

By RC Williams Universal Forest Products Inc. (NASDAQ:UFPI) has announced its Q3 2016 earnings results, including record revenues. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Clayton, Landy on Incoming Trump Administration Impact on Manufactured Hous…

Clayton, Landy on Incoming Trump Administration Impact on Manufactured Housing; Trump Video

by Matthew Silver “Dodd-Frank was never meant to and never should have been applied to manufactured homes in manufactured home communities,” says Sam Landy, CEO of UMH Properties. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Economic Development - Break for Prefab Builder

Economic Development - Break for Prefab Builder

by Matthew Silver The Kentucky Economic Development Finance Authority (KEDFA) has awarded tax incentives to two businesses, including $20,000 for a $1.2 million operation that would utilize prefab to provide homes... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Patch and MH Industry Post-Election Voices

The Patch and MH Industry Post-Election Voices

By Matthew Silver The Patch is a national network of news outlets, which includes the state of Florida. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Dodd-Frank, CFPB Deep in Trump Administration Cross Hairs

Dodd-Frank, CFPB Deep in Trump Administration Cross Hairs

by RC Williams The goal of the incoming Trump administration with regard to Dodd-Frank has been made clear. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Freddie Mac Forms Partnership, Rolls Out MH Education Curriculum

Freddie Mac Forms Partnership, Rolls Out MH Education Curriculum

by RC Williams Government lender Freddie Mac has formed a partnership with Next Step Network, Inc., a Louisville, Kentucky-based non-profit housing intermediary, to roll out consumer education curriculum for manufactured home... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Trump/Congress Call on Federal Agencies to Defer Action on all Pending Regu…

Trump/Congress Call on Federal Agencies to Defer Action on all Pending Regulations

by RC Williams The Manufactured Housing Association for Regulatory Reform (MHARR) has made a major announcement regarding a request from President-elect Donald Trump and Congress. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Sam Zell on Trump Election Impact

Sam Zell on Trump Election Impact

by RC Williams Investor and real estate billionaire Sam Zell was on CNBC’s Squawk Box yesterday to discuss the impact of Donald Trump’s election. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

British Giant Eyes Cavco Industries Holdings

British Giant Eyes Cavco Industries Holdings

by RC Williams Legal & General Group PLC, which has made significant moves recently in the manufactured and modular housing segments, held its stake in Cavco Industries Inc. (NASDAQ:CVCO)during the second quarter... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Warren Buffett On Trump’s Election – Video

Warren Buffett On Trump’s Election – Video

by RC Williams Even though he supported Hillary Clinton in this years’ presidential election, Berkshire Hathaway CEO Warren Buffett says that the nation needs to unite. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

CBS and Full Measure Trump Videos, Transition Advances, Protests and Democr…

CBS and Full Measure Trump Videos, Transition Advances, Protests and Democratic Snafus

By L. A. ‘Tony’ Kovach Leftist billionaire and Secretary Hillary Clinton campaign supporter, George Soros has been reportedly funding anti-President-elect Donald Trump protests, reports Politico. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Money Missing from MH Cooperative, President Arrested

Money Missing from MH Cooperative, President Arrested

by RC Williams State officials continue to investigate what happened at a Richmond, Rhode Island manufactured home cooperative. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish

Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish

by RC Williams Drew Industries Inc. (NYSE:DW) is scheduled to release its Q3 2016 earnings data this morning at 8:30 a.m. ET. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Champion Homes Opens Manufactured Home Plant in Kentucky

Champion Homes Opens Manufactured Home Plant in Kentucky

by RC Williams Troy, Michigan-based Champion Homes has opened a 100,000-square-foot facility in Benton, Ky. The facility represents a $6.3 million investment for Champion and is expected to create 150 new... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Learn More About 2017 Tunica Manufactured Housing Show

Learn More About 2017 Tunica Manufactured Housing Show

 by Show Tunica A River Cuts Through a Rock Not Because Of Its Power, But Its Persistence… THE TUNICA SHOW has been in existence for over 19 years. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

2017 Louisville Show – Be Ready for Special Opportunities!

2017 Louisville Show – Be Ready for Special Opportunities!

by Dennis Hill Being ready and fully prepared is one of the critical things you can do to get the “jump” on your competition! Luckily, there’s one unique and easy-to-participate forum... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Jim Visser, Journal of Manufactured Housing say “Thank You!” and Good-bye

Jim Visser, Journal of Manufactured Housing say “Thank You!” and Good-bye

by by L. A. “Tony” Kovach  The phone at MHProNewsrang this morning, and after a brief bit of phone tag, Jim Visser, publisher of the Journal of Manufactured Housingand this writer were on... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Thirty Minutes and Success and Happiness are Yours in 2017

Thirty Minutes and Success and Happiness are Yours in 2017

by Tim Connor, CSP 30 minutes to success and happiness in 2017? Don't believe me - read on. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

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Press Releases

MHWC will attend the Louisville Manufact…

MHWC will attend the Louisville Manufactured Housing Show

MHWC will be attending the Louisville Manufactured Housing Show January 18-20, 2017 at the Kentucky Exposition Center in Louisville, KY. For 5 decades, The Louisville Show has proudly distinguished itself as the mid-west’s premier event for manufactured housing professionals. This show is the industry’s largest indoor manufactured housing show, boasting the latest homes, products & services. The show provides attendees the opportunity to learn about the manufactured home industry from experts in a wide range of fields. Whether you are a community owner or operator, retailer, builder/developer, supplier, or other industry professional, this is the place to be to get the inside track on upcoming trends, brand new products and to network with industry professionals. Tifanee McCall, Account Executive from MHWC, will be on hand in booth #216 to educate attendees on the value...

the MHMSM Team 01 Dec 2016 Corporate Press Releases

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Call for Offers Due 12-2-2016 | Sahasa M…

Call for Offers Due 12-2-2016 | Sahasa MHC Portfolio | 859 Sites | Saginaw, Michigan

  Portfolio Overview MHRE Inc., as the exclusive broker, is pleased to present the Sahasa MHC Portfolio, consisting of two communities, located in Saginaw, Michigan. Lawndale Estates, built in 1973, is a 5 star community and consists of 672 sites which includes 60 leased homes, 26 installment contracts, and 40 inventory homes. The current economic occupancy is 89%. Lakeview Estates, built in 2004, is a premier 5 star, gated, 55+ community and consists of 187 sites (97 sites are new construction sites). Lakeview homes are of the highest quality with exceptional designs, attached car ports, and professionally landscaped yards. 100% of the homes are resident owned. The current economic occupancy is 100% (excludes 97 new construction sites). Residents of Lawndale and Lakeview enjoy a peaceful, rural atmosphere of country living, yet every possible...

the MHMSM Team 30 Nov 2016 Corporate Press Releases

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Will you be ready to take full advantage…

Will you be ready to take full advantage of special market opportunities when they come your way?

Being ready and fully prepared is one of the critical things you can do to get the “jump” on your competition! Luckily, there’s one unique and easy-to-participate forum where you can gather all your opportunities and combine them with timely insights to create the ultimately successful business strategies for your company. The Louisville Manufactured Housing Show is now recognized as the industry’s PREMIER INDOOR MANUFACTURED HOUSING SHOW in the world! In existence for over 50 years, this annual show brings out an array of new home designs, the latest in technology, the best in suppliers’ offerings and a look at all the newest amenities and system-built options the industry offers. There is no other industry forum where you can pull together such a wealth of information in one place to build...

the MHMSM Team 30 Nov 2016 Corporate Press Releases

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Triad Financial Services, Inc. announces…

Triad Financial Services, Inc. announces record loan origination volume for first 9 months of 2016

Triad Financial Services, Inc. (Triad) today announced loan origination data for the first 9 months of 2016. A total of 5,684 loans have been funded by Triad for the 9 months ending 9/30/16, a 35% increase over the same period in 2015. Commenting on the news, Don Glisson, Jr., CEO had the following comments: “I am very proud of the entire team at Triad, as growing 35% in one year is no easy task but our team answered the challenge and exceeded expectations. Our growth has outperformed the industry the past several years and we believe our superior products and best in class customer service will be the reasons we continue this trend. All indications point to a strong finish to the year as we funded over 700 loans in October...

the MHMSM Team 15 Nov 2016 Corporate Press Releases

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Call for Offers Due 12-2-2016 | Sahasa M…

Call for Offers Due 12-2-2016 | Sahasa MHC Portfolio | 859 Sites | Saginaw, Michigan

Portfolio Highlights The opportunity to acquire two 5 star communities Both communities have municipal sewer and water that is submetered Lakeview is 55+, while Lawndale is comprised of 80% seniors Located just minutes from big box retail Convenient access to I-75, I-475, I-69 and Highway 46 Upside in filling the vacant inventory homes & sites  Portfolio Summary Total Sites:                               859 Total Land (+/- acres):              370.53 Year Built:                                1973 & 2004 Occupancy:                              91%* Average Site Rent:                   $323** MHRE 2017 NOI:                     $1,817,407 * Occupancy excludes 97 new construction...

the MHMSM Team 15 Nov 2016 Corporate Press Releases

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Pacific Northwest JLT Market Reports Now…

Pacific Northwest JLT Market Reports Now Available

2016 JLT Market Reports Now Available for Pacific Northwest Markets and Minneapolis/St. Paul atacomp, 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 the Midwest: OREGONEugeneMedfordPortlandSalem WASHINGTONSeattleGreater Spokane (NEW) MINNESOTAMinneapolis/St. Paul These November 2016 reports include detailed information about investment grade communities including: # of Homesites Occupancy % Rents and Increases including Next Increase 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 November 2016 occupancy and rents to November 2015. Use these reports to learn more about these markets, earn greater profits, identify potential acquisitions and stay competitive.  Ordering Is Easy! Call us TOLL FREE at 800-588-5426, email reports@datacompusa.com or visit our secure website at www.datacompusa.com/JLT to download reports immediately.

the MHMSM Team 08 Nov 2016 Corporate Press Releases

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