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This week, the Senate has turned its attention to the extension of the home buyer tax tax credit which expires on December 1 unless extended. Members of the Senate have said they have substantially reached an agreement on extending the credit, and plan to add it to a bill that would extend expiring unemployment benefits. The amendment would extend the existing $8,000 tax credit for first-time home buyers and offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period within the past eight years. Once the Senate has adopted the extension, the House is expected to take up and pass the Senate language. The White House also came out this week in support of the extension. MHI has expressed its support for extension of the homebuyer tax credit to key members of both the House and the Senate, as well as to the White House.

Source: MHI Newswire

Daily Business News Briefs

Residents Try to Keep Up With Repairs, Code Violations

Residents Try to Keep Up With Repairs, Code Violations

Residents of a Weslaco, Texas mobile and RV community are dealing with code violation notices from city officials. According to KRGV, Hidalgo County health officials have flagged more than half of the homes and RVs at the Weslaco Trailer Park property in the last week. They said violators are making the properties a dangerous place […]...

18 Jan 2017

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Deer Valley, Skyline Hit Hard, Manufactured Housing CV, Broader Markets Dow…

Deer Valley, Skyline Hit Hard, Manufactured Housing CV, Broader Markets Down

Continuing today, the Daily Business News manufactured housing industry connected market report on MHProNews will add and tweak some features, in an ongoing effort to provide ever more useful and balanced information to readers. “We Provide, You Decide.” © Noteworthy headlines on CNNMoney – Trump to sit with Bill O’Reilly for Super Bowl inter...

17 Jan 2017

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Clayton Homes Announces New Division

Clayton Homes Announces New Division

Clayton Homes, one of the nation’s largest builders of manufactured housing and a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK/A), tells MHProNews that they have launched a new division of the company that will deliver homes from home building facilities to retail home centers. Clayton Home Transport will be a part of Clayton home b...

17 Jan 2017

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Proposal to Keep Manufactured Housing Out Sent Back to Planning Commission

Proposal to Keep Manufactured Housing Out Sent Back to Planning Commission

In another case of NIMBY (Not-In-My-Back-Yard), a South Carolina County Council is asking for more clarity. The Aiken County Council has sent a proposed rezoning back to the planning commission to review alternate zoning of some or all of the area. According to the Aiken Standard, last month the County Council passed the first of three […]...

17 Jan 2017

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Proposed Trump Tax Reform, Does it Change Affordable Housing Finance?

Proposed Trump Tax Reform, Does it Change Affordable Housing Finance?

President-elect Donald Trump has put forward a number of aggressive initiatives to spur or grow the U.S. economy. On the subject of taxes, questions about the ramifications from changes abound. And, the opportunities for the manufactured housing industry come clearly into focus. According to National Mortgage News, proposed corporate tax reform is...

17 Jan 2017

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Sunshine Homes to Unveil Next Gen Tech for Home Shoppers at 2017 Louisville…

Sunshine Homes to Unveil Next Gen Tech for Home Shoppers at 2017 Louisville Show

3D Virtual tours have become a next-generation standard in digital real estate marketing.  So much so, that millions of conventional house, condo or townhouse buyers have come to expect them. “Considering the fact that new and ‘existing’ (pre-owned) site-built houses out-sell manufactured homes by millions of units...

17 Jan 2017

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Harvard Study, Baby Boomers to Spark Affordable Housing Boom

Harvard Study, Baby Boomers to Spark Affordable Housing Boom

As “baby boomers” eye retirement in large numbers, builders believe that they could jumpstart an affordable housing boom. Per FOX Business, a report by the Harvard Joint Center for Housing finds that by 2035, more than one in five people in the U.S. will be aged 65 and older and one in three households will be headed […]...

17 Jan 2017

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Leading by Example in Digital Home Shopping Experience

Leading by Example in Digital Home Shopping Experience

A new report notes that Skyline Homes is joining the ranks of those leading-the-charge in manufactured housing by providing a rich, multi-media shopping experience for new home seekers. The report on MHLivingNews cites research by Contactually and the National Association of Realtors – underscoring how Sunshine Homes, Clayton Homes and now...

17 Jan 2017

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Killam Receives Recommendations From Ratings Firms

Killam Receives Recommendations From Ratings Firms

Canada based real estate investment trust Killam Properties Inc. (TSE:KMP.UN) received a number of recommendations from ratings firms recently, with an average recommendation of “buy.” According to Community Financial News, Canaccord Genuity decreased their price target on Killam Properties from C$14.00 to C$13.50 on January 5th. Scotiabank rea...

16 Jan 2017

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Manufactured Housing Industry Speaks Out Against Tax Levy

Manufactured Housing Industry Speaks Out Against Tax Levy

Things are heating up in Arkansas between the manufactured housing industry and Governor Asa Hutchinson’s office. According to KATV, the issue stems from a proposal that is designed to stop military retirement benefit pay from being taxed. Proponents of the proposal say that it would bring more military to live and work in the state, […]...

16 Jan 2017

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Markets Closed, Martin Luther King Jr. Holiday

Markets Closed, Martin Luther King Jr. Holiday

In observance of the birthday of civil rights leader Dr. Martin Luther King, Jr., all markets will be closed on Monday, January 16th, 2017.               (Image credits are as shown above.) Submitted by RC Williams to the Daily Business News for MHProNews....

16 Jan 2017

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New Sponsors

Featured Articles and Reports - January 2017 Vol. 8 No. 4

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Trexler Cites Regulatory, Economic Conditions in 2016 – Nobility Homes Anno…

Trexler Cites Regulatory, Economic Conditions in 2016 – Nobility Homes Announces Quarterly Sales, Income, Profit Results

by Soheyla Kovach “The demand for affordable manufactured housing in Florida and the U.S. is improving,” said Nobility Homes President Terry Trexler. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

It’s Not Just Stocks – Dollar Energized, Moving Up vs World Currencies – MH…

It’s Not Just Stocks – Dollar Energized, Moving Up vs World Currencies – MH Impact?

by Soheyla Kovach “Right now, there is an incredible amount of pressure to sell just about every type of currency and buy the dollar,” Financial Stock Market (FSM) reports that Sunrise... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

New Federal Lending Option “Opens” for Manufactured Homes in Quiet, pre-New…

New Federal Lending Option “Opens” for Manufactured Homes in Quiet, pre-New Year Report

by Soheyla Kovach The United States Department of Agriculture (USDA) Rural Housing Service (RHS) announced it would begin a pilot project that would open up lending for manufactured home loans on... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Kelley Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Affordable Ameri…

Kelley Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Affordable American Dream”

by Kurt Kelley There are bad operators in every industry that disgrace themselves and their fellow industry members.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Paul Bradley ROCUSA Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Aff…

Paul Bradley ROCUSA Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Affordable American Dream”

By Paul Bradley Part I of the NPR story needed a balanced industry response that came clean first and then provided many real examples how “the charges” are not typical.  I... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Tim Williams, OMHA, Responds to Issues Raised by NPR Report on Manufactured…

Tim Williams, OMHA, Responds to Issues Raised by NPR Report on Manufactured Home Communities

By Tim Williams National Public Radio (NPR) did a two-part report released this week on manufactured home communities, part one of their controversial story – “Mobile Home Park Owners Can Spoil An... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Congressman Dennis A. Ross’ statement on Dr. Ben Carson for HUD Secretary

Congressman Dennis A. Ross’ statement on Dr. Ben Carson for HUD Secretary

By Dennis A. RossI fully support President-elect Trump’s appointment of Dr. Ben Carson as the Secretary of the Department of Housing and Urban Development. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

FHFA, GSEs and the Duty To Serve Manufactured Housing – Mark Weiss, JD – Vi…

FHFA, GSEs and the Duty To Serve Manufactured Housing – Mark Weiss, JD – Viewpoint

By Mark Weiss, JD Chattel lending is crucial to the availability of affordable manufactured housing for American families, representing as much as 80% of consumer loans for the purchase of new... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Skeptic on DTS Rule Having Much Short-Term Impact on Manufactured Home Lend…

Skeptic on DTS Rule Having Much Short-Term Impact on Manufactured Home Lending

by L. A. ‘Tony’ Kovach Those who’ve read this column for years know that your Masthead writer is: NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

2017 Millennial Housing Revolution. What About Manufactured Housing?

2017 Millennial Housing Revolution. What About Manufactured Housing?

by Soheyla Kovach AOL Small Business, and the Washington Post are two of several mainstream media sites reporting an anticipated surge of millennials into the housing market. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Shocking Facts! Making 2017 Grrr8 for Communities, Retailers Starts in Loui…

Shocking Facts! Making 2017 Grrr8 for Communities, Retailers Starts in Louisville!

by Stan Posey “Earlier…we wrote at length about the decline in US housing inventory being, in effect, the next crisis for the housing market,” said Myles Udland for Business Insider.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

More Investor Moves, Insider Action at Sun Communities

More Investor Moves, Insider Action at Sun Communities

by RC Williams  More action for Sun Communities Inc. (NYSE:SUI), as investors and insiders are making moves. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

HUD Announces Record $1.9 Billion in Grants to “End Homelessness”

HUD Announces Record $1.9 Billion in Grants to “End Homelessness”

By RC Williams On December 20th, the Department of Housing an Urban Development (HUD) announced that it has awarded a record $1.95 billion to numerous homeless assistance programs across the U.S.,... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Inside Look – Tricon Capital’s Recent Manufactured Home Community Moves

Inside Look – Tricon Capital’s Recent Manufactured Home Community Moves

by RC Williams Toronto, Canada based Tricon Capital Group Inc. (TCN.TO), recently announced that its Tricon Lifestyle Communities (“TLC”) investment vertical has acquired a portfolio of three manufactured housing communities in... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

FHFA Issues Final Rule on Duty to Serve GSEs Will Receive Credit for Chatte…

FHFA Issues Final Rule on Duty to Serve GSEs Will Receive Credit for Chattel Loans

by James R. Ayotte, CAE On December 13, 2016, the Federal Housing Finance Agency (FHFA) issued a final rule to implement the “Duty to Serve” (DTS) requirements.  NSP_READMORE

FINANCING

Paul Bradley on the Pending FHFA Final Duty to Serve Rule

Paul Bradley on the Pending FHFA Final Duty to Serve Rule

by Paul Bradley This and Leslie Gooch’s article both push for a chattel pilot in Land Lease Communities; ROC USA is right with them!  Like Gooch, I see the fundamental issue coming down... NSP_READMORE

FINANCING

Security Mortgage Group Finances $40,853,000 for Communities in a Week

Security Mortgage Group Finances $40,853,000 for Communities in a Week

By Soheyla Kovach   Security Mortgage Group – a national award-winning MH Community lending broker – provided $40,853,000 in financing for several manufactured home communities nationwide, the Daily Business News has learned. NSP_READMORE

FINANCING

Media-Based Attack on Investor-Owned Communities=’The Private Equity Takeov…

Media-Based Attack on Investor-Owned Communities=’The Private Equity Takeover of America’s Neighborhoods’

by Soheyla Kovach In the waning days of December, 2016 – and just five days before National Public Radio (NPR) pulled their slanted Mobile Home Park Owners Can Spoil An Affordable American... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Todd Lamb on NPR’s ‘Mobile Home Park Owners Can Spoil An Affordable America…

Todd Lamb on NPR’s ‘Mobile Home Park Owners Can Spoil An Affordable American Dream’

by Todd Lamb Tony, you are the third person sending me this NPR article. I read it and have BIG problems with the way the article was written. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

R2D2? Seriously?

R2D2? Seriously?

by L. A. “Tony” Kovach Imagine that your garbage collection worker vanished. No one takes that person’s place. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What is the business of America?

What is the business of America?

ByL. A. ‘Tony’ Kovach Both America and our industry’s members face a similar set of challenges and opportunities. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Open Letter to Dr. Ben Carson – How You Could Lead HUD to Historic Achievem…

Open Letter to Dr. Ben Carson – How You Could Lead HUD to Historic Achievements by Ending a Form of Discrimination

by L. A. “Tony” Kovach To: Dr. Ben Carson – named by President-elect Donald J. Trump as his desired Secretary of Housing and Urban Development (HUD). NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured, Modular and PreFab Housing Industry News Never Sleeps

Manufactured, Modular and PreFab Housing Industry News Never Sleeps

By L. A. “Tony” Kovach It’s lunchtime somewhere on planet Earth. As reports we’ve done for years – and added more to this past week – there are international stories about factory-built housing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Anti Community MHAction Targets Frank Rolfe, RV Horizons and ELS

Anti Community MHAction Targets Frank Rolfe, RV Horizons and ELS

by Soheyla Kovach Small-to-large manufactured home community (MHC) operations are no strangers to the ire of anti-investor activists. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Judge Reverses Controversial Decision to Close Manufactured Home Community

Judge Reverses Controversial Decision to Close Manufactured Home Community

by RC Williams In a hotly contested property rights versus residents rights case, originally covered by the Daily Business News in September, a Santa Clara County, California Superior Court judge has reversed an order... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

U.S. Existing Homes Sales Reach Highest Level in Nine Years

U.S. Existing Homes Sales Reach Highest Level in Nine Years

By RC Williams Data from the National Association of Realtors (NAR) shows that Americans bought homes in November at the fastest pace in nearly a decade. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Loved. Hated. Misunderstood. Distrusted. Feared. Enslaved…and possible Brea…

Loved. Hated. Misunderstood. Distrusted. Feared. Enslaved…and possible Breakthrough to Freedom?

by L. A. “Tony” Kovach Labels, thinking, deeds and inactions all may have limiting consequences. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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Press Releases

Security Mortgage Group Finances $10,007…

Security Mortgage Group Finances $10,007,000 for Several Communities in one week

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $10,007,000 in financing in one week for several manufactured home communities nationwide.   Managing Director, Gerard D. DiMarco, Jr., secured financing for a repeat client with a non-recourse long-term fixed rate loan of $1,550,000. The 90-site J&J Mobile Home Park is located in Bradenton, FL.  Anthony J. DiMarco, the other Managing Director, helped negotiate refinancing for a repeat client’s 209-site mobile home park in Texas with a $3,800,000 non-recourse loan with the ability to obtain a supplemental mortgage at a future date. In addition, Anthony secured acquisition financing for a repeat client’s purchase of a Texas mobile home park portfolio with a long-term fixed rate non-recourse loan of $3,120,000. Vice President, Pierce Redmond secured a...

the MHMSM Team 11 Jan 2017 Corporate Press Releases

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2017 Tunica Manufactured Home Updates

2017 Tunica Manufactured Home Updates

http://www.prereg.net/2017/tmfs/ 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. 0ur annual show brings out an array of new manufactured home designs the latest in technology, the best suppliers’ offerings and a look at all the newest amenities and system-built options the industry can offer. And just like a river that cuts through rock year after year, the Tunica Show will be around for many years to come! March is a prime time for the Tunica Show, because builder/developers, retailers, community owners/operators and installers want to place orders and have inventory delivered in time for the spring selling season. They want to have the time to investigate and compare manufacturers and supplier exhibits. RESORTS CASINO All seminars will be...

Soheyla Kovach 11 Jan 2017 Corporate Press Releases

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Be Surprised! Countdown to Louisville - …

Be Surprised! Countdown to Louisville - Getting

Manufactured home retailers, developers and community professionals want to attract and sell as many qualified customers as possible. So "Take 5" and see how you could make this stop at the 2017 Louisville Show one of your best professional decisions. Consider this question. Which manufactured and/or modular market segment has the most growth potential? Entry level, "shade and shelter" VOG homes, or competitive, appealing finished drywall residential-style Energy Star rated homes? There can be a valuable roll for entry level product, and we respect those who sell them.  But the answer to the question above may surprise many in manufactured housing.  Because it's the mid-to-upper end market that has by far the most potential, and often attracts the better qualified credit or cash customers! Don't believe it? Surprising for many in our industry, but it's true. Look at...

the MHMSM Team 16 Dec 2016 Corporate Press Releases

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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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