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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

County Receives Funding to Demolish Abandoned Manufactured Homes

County Receives Funding to Demolish Abandoned Manufactured Homes

The North Carolina Department of Environment and Natural Resources has awarded Alamance County $24,000 to demolish and recycle 17 abandoned manufactured homes. Eligibility requirements state that the home must be privately owned and vacant, and owners voluntarily agree that the homes need to be demolished, according to thetimesnews. A pilot...

27 May 2015

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City Undecided about Manufactured Home Ordinance

City Undecided about Manufactured Home Ordinance

According to marlindemocrat, a request to site a manufactured home (MH) near the Marlin Men’s Civic Association building led to some confusion at the Marlin (Texas) City Council meeting recently. While city attorney Mike Dixon remembered drafting an ordinance regarding the placement of MH, City Secretary Sandra Herring said no such ordinance...

27 May 2015

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MHCV, most Manufactured Housing Stocks Advance in Today’s Trading

MHCV, most Manufactured Housing Stocks Advance in Today’s Trading

In the News: Three of the fastest growing cities are in Texas (Houston, Austin and San Antonio), overdraft fees top $1 billion at the big three banks, college-educated workers took the biggest pay cut last year, and China has over one million millionaires. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced +1.19 percent, to...

27 May 2015

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Wisdom Homes Offering Land-Home Package Deal for Manufactured Homes

Wisdom Homes Offering Land-Home Package Deal for Manufactured Homes

Manufactured home (MH) retailer Wisdom Homes of America, Inc. (OTCQB: WOFA), based in Tyler, Texas, is teaming up with Sherman Countryside, LLC to sell MH to consumers who will purchase homesites on land developed by Sherman in six subdivisions comprised of 185 developed lots in Sherman, Texas. Wisdom Homes will continue to open retail centers...

27 May 2015

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Idle Wheel Mobile Home Park Rolls to a New Owner

Idle Wheel Mobile Home Park Rolls to a New Owner

Capital One Multifamily Finance secured an interest rate of 4.15 percent in arranging a $5 million Fannie Mae fixed-rate loan for the acquisition of Idle Wheel Mobile Home Park in Woodland, California. According to abladvisor, Damon Reed, Sr. Vice President and Capital One Multifamily’s Director of MHC Finance, arranged the financing for the...

27 May 2015

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Before you Dismantle Fannie Mae, Freddie Mac and Ginnie Mae………

Before you Dismantle Fannie Mae, Freddie Mac and Ginnie Mae………

While he supports free enterprise in the mortgage market, former Ginnie Mae President Joseph Murin, in a blog on housingwire, says without the federal guarantee offered by the Federal Housing Administration, the Department of Agriculture and Veterans Administration mortgages, the U. S. economy may have fallen farther than it did. Ginnie Mae grew...

27 May 2015

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Modular Smart Home Controlled by Smart Phone

Modular Smart Home Controlled by Smart Phone

A modular home being tested in Germany is controlled totally by a smart phone, generates enough energy from solar panels on the roof to power houses on either side and can be assembled in one day. At the end of the test, B10, as the house is known, will be deconstructed and 100 percent recycled […]...

26 May 2015

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Patrick Industries Finalizes Acquisition of Structural Composites

Patrick Industries Finalizes Acquisition of Structural Composites

Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) has completed its acquisition of Structural Composites of Indiana, Inc. (SCI). Based in Ligonier, IN, SCI manufactures fiberglass components for the recreational vehicle (RV) and other industrial markets, according to prnewswire. The net purchase price of $20 million was funded by the...

26 May 2015

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Dow, Nasdaq, and S&P 500 Tumble on Fears of Rate Hike

Dow, Nasdaq, and S&P 500 Tumble on Fears of Rate Hike

All three major indices fell over one percent in today’s trading as concerns grew over the impending rise in the interest rate, although it is not definite when the increase will hit. Meanwhile, Time Warner stock rose 7.26 percent on word Charter Communications intends to buy the conglomerate for $55 billion, and the Vatican bank […]...

26 May 2015

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Georgia Senator Introduces Measure to Harness CFPB

Georgia Senator Introduces Measure to Harness CFPB

U. S. Senator David Perdue (R-GA) has introduced legislation to make the Consumer Financial Protection Bureau (CFPB) more accountable by bringing it under the Congressional appropriations process and thereby give it Congressional oversight, according to nationalmortgageprofessional. The CFPB is currently under the Federal Reserve which is beyond...

26 May 2015

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Manufactured Home Owners have One Year to Move

Manufactured Home Owners have One Year to Move

The residents of Firwood Lane Mobile Home Park in Kirkland received notice they have one year to move from their 32 homesite manufactured home community (MHC) as the result of a change in ownership. The new owners, PSW Real Estate, intend to built 19 new homes valued at $700,000 to $800,000 in this city located […]...

26 May 2015

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Featured Articles and Reports - April 2015 Vol. 6 No. 8

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The Language Of Rentals

The Language Of Rentals

by Bill Dahlin, JD Many states, including, for example, California, have statutory schemes where the language of a consumer contract is addressed. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Yes, You Can! - Marketing Your Community the Fair Housing Way

Yes, You Can! - Marketing Your Community the Fair Housing Way

by Nadeen Green, JD One of my blog mentors recently suggested to me that I break from the tradition often followed by those of us who teach fair housing. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Rules for Innovation—Part 2

The Rules for Innovation—Part 2

by Bob Vahsholtz American housing innovation has been on a back burner for a century—except for a short period after WWII. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

MH Image and Education Campaign - Open Letter to the Manufactured and Modu…

MH Image and Education Campaign -  Open Letter to the Manufactured and Modular Home Industry

by John Bostick Exclusive announcement to the industry via MHProNews.com, re: Manufactured and Modular Home (MH) Image and Education Campaign. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Time for The Game Changer in Manufactured Housing Image and Education

Time for The Game Changer in Manufactured Housing Image and Education

by Tom Fath To: Forward Thinking MH Industry Pros and the Game Changers in Our Industry, L.A. “Tony” Kovach and Charles Drake. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Land Lease 55+ Senior Communities Opportunity

Land Lease 55+ Senior Communities Opportunity

by Steve Lefler I recently read a US News and World Report article by Tom Sightings on Yahoo entitled the “Baby Boomers Housing Trends to Watch.” NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Alternate Construction...Who Knows Why?

Alternate Construction...Who Knows Why?

by Ron D'Ambra Recently, there has been some heated and biased discussions on the purpose and theory of the Alternate Construction (AC) Standards per the HUD code 3280.14 when referenced by... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Selling More Manufactured Homes - Evan Atkinson's Leadership, PIP and You

Selling More Manufactured Homes - Evan Atkinson's Leadership, PIP and You

by L. A. 'Tony' Kovach Imagine for the next few moments someone who is a capable buyer that is home shopping. This house hunter is one of millions like him/her looking... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Partners in Progress - Agents for Positive Change - The MH Alliance

Partners in Progress - Agents for Positive Change - The MH Alliance

by L. A. 'Tony' Kovach The past 5 ½ years has been exhilarating as well as humbling. Our Manufactured and Modular Homes (MH) industry has been on a steady 5 year... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Mel and Thelma Fath

A Cup of Coffee with…Mel and Thelma Fath

1) Who, What and Where: (Your name and your formal title at New Durham Estates). Melville (President) and Thelma Fath (Secretary) at New Durham Estates, Manufactured Home Sales and New Durham Hardware. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What's Coming Soon in MH Image and Education!

What's Coming Soon in MH Image and Education!

by L. A. 'Tony' Kovach Videographer Charlie Drake and I have just returned from almost 2 weeks on the road doing the next round of videoing for Inside MH. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Get out from Behind your Desk

Get out from Behind your Desk

by Tim Connor, CSP A recent study said that only 18% of managers know what they are doing or know how to manage effectively – WOW. NSP_READMORE

MANAGEMENT

ZigOn Dieting

ZigOn Dieting

by Zig Ziglar It seems that after decades of diet, exercise, miracle potions and a host of gimmicks, many in the American public has concluded that losing weight, for them, is... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Let purpose be your touchstone

Let purpose be your touchstone

by Tim Connor, CSP Loss of purpose in sales is akin to a loss of faith or patience in your ability to perform consistently, effectively and successfully. NSP_READMORE

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Press Releases

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

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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

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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

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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

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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

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Bill Matchneer, Dick Jennison and Ron Th…

Bill Matchneer, Dick Jennison and Ron Thomas Sr. to address Louisville Show attendees

MHProNews  has confirmed that attorney Bill Matchneer, previously with HUD and the CFPB, will be addressing the attendees of the Louisville Manufactured Housing Show. So too will Richard "Dick" Jennison, MHI's current President and CEO. MH community and street retail Hall of Famer, Ron Thomas, Sr. - who is also the Midwest Manufactured Housing Federation (MMHF) Chairman - will speak on financing and MH growth related topics, rounding out what promises to be a faced paced opening hour to the seminars on Wednesday morning. The doors will open at 8:15 AM on Wednesday at the seminar room so MH Industry professionals can network with peers and colleagues. The session featuring these three industry leaders will begin at 8:45 AM sharp. They will be introduced by one or more of the executive...

the MHMSM Team 12 Jan 2015 Corporate Press Releases

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