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Top National News

FHA Is Back in the Black — But Not Out of the Woods

The Federal Housing Administration (FHA) has notified Capitol Hill lawmakers that it has shored up its finances and will not need to go to the American taxpayers for additional assistance. According to housing officials, the agency had nearly $40 billion on hand as of the end of the third quarter, including $4.8 billion in cash reserves. However, it is not completely out of jeopardy. By law, the FHA is required to maintain a cash cushion equivalent to 2 percent of all the loans backed by the agency. The $4.8 billion cushion announced Monday to Congress equals only 0.41 percent. The FHA has not reached the required 2 percent level since 2009, and a recent audit projects that it will not hit that target until 2016.

From "FHA Is Back in the Black — But Not Out of the Woods" 
Washington Post (11/18/14) P. A15 ElBoghdady, Dina

HUD Secretary Says Housing Finance Reform Remains a Top Priority for the Obama Administration

In a Nov. 17th interview with Bloomberg Television, HUD Secretary Julian Castro said the Obama administration will continue to work for the remainder of its term on a revamp of the U.S. mortgage finance system. "Introducing more private capital into the market and taking the taxpayers off the hook if we ever do experience what we just went through as part of the housing crisis in 2007, 2008, 2009, that is a priority [for] this administration and for HUD," he declared. Castro recommended that the next Congress consider legislation to phase out Fannie Mae and Freddie Mac. Although two Senate bills won committee approval in the spring, little more has been done on this front since then. "This could be, I believe, a good victory either in the lame-duck session or, more realistically, perhaps in the next term of Congress where there is bipartisan support for housing finance reform, for doing away with Fannie and Freddie as we've known them, creating a backstop," the HUD official stated.

From "HUD Secretary Says Housing Finance Reform Remains a Top Priority for the Obama Administration" 
The Hill (11/17/14) Needham, Vicki

Home Affordability Fell Slightly in the Third Quarter

The median U.S. home price jumped to $221,000 in the third quarter, which the National Association of Home Builders said drove housing affordability down a bit. Based on the NAHB/Wells Fargo Housing Opportunity Index, 61.8 percent of new and resale properties were within financial reach of households earning the national median income of $63,900. The reading is down from 62.6 percent for the second quarter, but NAHB chief economist David Crowe projects that affordability will improve again in 2015 as a result of increased employment and wages, continued favorable interest rates, and built-up demand. The most affordable major housing market for the third quarter was Youngstown-Warren-Boardman, OH-PA, which was joined by Syracuse, NY; Indianapolis-Carmel, IN; Harrisburg-Carlisle, PA; and Dayton, OH. The least affordable major housing markets in the nation, led by San Francisco-San Mateo-Redwood City, were clustered in California, with New York-White Plains-Wayne, NY-NJ, rounding out the top five.

From "Home Affordability Fell Slightly in the Third Quarter" 
The Hill (11/13/14) Needham, Vicki

Housing, Construction Advocates Score in Midterms

Pro-housing groups such as the National Association of Realtors and the National Association of Home Builders counted many victories in the recent mid-term elections. Eleven of 13 U.S. House and Senate candidates backed by NAR won their races, and 77 percent of the so-called Realtor Party's candidates were successful in local and state contests. NAR made more than $10 million in independent expenditures in this election cycle -- mostly in support of Republican incumbents -- up from $3.6 million in 2012. Continued home buyer access to the mortgage interest deduction and to FHA-backed mortgages are key issues for the organization. At this time, NAR also opposes a shutdown of Fannie Mae and Freddie Mac. NAHB -- which forked out more than $2.4 million to support 371 candidates running for the House and Senate -- sees housing finance reform, credit availability, construction labor shortage and regulatory policies as hot-button issues.

From "Housing, Construction Advocates Score in Midterms" 
Construction Dive (11/10/14) O'Malley, Sharon

Industry News


Modular Bradenton Senior Care Facility Could Be Model for Industry in U.S.

Champion Homes produced the 40 or so modular units that were stacked together to create Comfort Cove Senior Care in Bradenton, FL, which is in the finishing stages. The project is hailed by developer BSV Holdings as the first facility of its kind in the nation and a potential model for quickly meeting the needs of a graying population. The estimated start-to-finish time for Comfort Cove is about seven months, at least two months ahead of the timetable for a comparable stick-built facility. "If you need a project built in a timely fashion, why wouldn't you use modular?" asks BSV Chairman Brent Crego, who expects the 28-bed elder care home to be completely full by the middle of next year. He notes that the company's approach will prove popular due not only to the abbreviated construction schedule but also the build quality and the ability to re-scale the size of the project as needed. BSV has plans to build more than a dozen modular senior care facilities across Florida. It will own and operate the properties but also will offer a "turnkey" version for sale to other investors.

From "Modular Bradenton Senior Care Facility Could Be Model for Industry in U.S." 
Bradenton Herald (FL) (11/15/14) Johnson, Matt M.

Manufactured Housing Donations Kickstart Hall Debt Elimination Effort

With Clayton Homes President and CEO Kevin Clayton leading the charge, manufactured housing industry insiders are digging into their own pockets in an effort to help the RV/MH Hall of Fame eliminate $2.4 million in debt. In a nod to Clayton's annual commitment of $40,000 for five years, the fundraising campaign is flying under the banner of the Kevin Clayton Debt Elimination Program. Other big contributors so far include Cavco Industries' Joe Stegmayer and Gary McDaniel of YES! Communities. "We want to encourage other people in manufactured housing to step up and add their support to the debt elimination plan," said Hall of Fame President Darryl Searer. Once the Hall of Fame has wiped out its debt, it can break ground on a planned 5,000-square-foot manufactured housing museum just east of the facility, similar to the existing recreational vehicle museum already contained within the building.

From "Manufactured Housing Donations Kickstart Hall Debt Elimination Effort" 
Elkhart Truth Online (11/10/14) Parrott, Jeff

3 Phoenix Businesses Make 'Forbes' Best Small Companies List

Cavco Industries, a maker of factory-built homes, was included in Forbes magazine's recent compilation of "America's Best Small Companies 2014." The Phoenix-based company ranked high on the list, coming in at No. 13. It earned $539 million for the 12 months ended Oct. 1 and has increased its earnings per share by 88 percent over the last five years.

From "3 Phoenix Businesses Make 'Forbes' Best Small Companies List" 
Phoenix Business Journal (11/10/14) Brown, Brandon

Carefree Communities Becomes the Nation's Fifth Largest Manufactured Home and RV Community Owner With Acquisition of Vedder Communities in California

Carefree Communities Inc. is now the fifth-biggest owner of manufactured home and RV parks in the country, as a result of its recent purchase of Vedder Communities. The addition of Vedder's 18 properties with 4,530 home sites in California increases Carefree's holdings to 101 communities and more than 27,000 sites across North America. "The Vedder portfolio is widely considered to be the best privately owned manufactured home community portfolio in California and one of the best in the country," said David Napp, CEO of Scottsdale, Ariz.-based Carefree. "This is an important strategic acquisition for Carefree, as we look to continue to grow our company in highly sought after retirement and vacation destinations in coastal markets." Three of the Vedder assets have earned Community of the Year recognition from the Manufactured Housing Institute.

From "Carefree Communities Becomes the Nation's Fifth Largest Manufactured Home and RV Community Owner With Acquisition of Vedder Communities in California" 
IT Business Net (11/10/14)

Oil and Gas Industry Helps Drive Increasing Housing Demands

Wisdom Homes of America is stepping up to meet the growing demand for housing in Tyler, Texas, whose population expands by more than 3,000 residents annually. The city has benefited from the booming oil and gas industry, which has prompted many workers to relocate to the area with their employers. While man-camps have popped up previously as a solution for the high housing demand, Wisdom Homes is offering an alternative. Its latest project involves 15 homes on a 12-acre lot in Tyler -- the latest development under its plan to bring 200 houses to East Texas by next year. According to Wisdom Homes President Brent Nelms, the company's homes are about 1,200 to 2,600 square feet in size and run between $40,000 and $100,000 in price.

From "Oil and Gas Industry Helps Drive Increasing Housing Demands" 
KETK NBC (Texas) (11/03/14) Chapman, Kristen

Cavco Industries (CVCO) Announces Quarterly Earnings Results, Meets Expectations

Manufactured home builder Cavco Industries posted its latest quarterly financial results, which met or exceeded consensus estimates. With $139.30 million in revenue for the three months, the company outperformed projections of $136.40 million. It also reported quarterly earnings per share (EPS) of $0.61, topping EPS of $0.50 a year earlier and matching the current estimate.

From "Cavco Industries (CVCO) Announces Quarterly Earnings Results, Meets Expectations" 
WKRB-TV (10/30/14) Barnet, Seth

Equity LifeStyle Beats Analysts Estimates

Equity LifeStyle Properties, an owner of manufactured home communities, posted better-than-anticipated financial results for its third quarter. The Chicago firm reported $63.1 million, or 69 cents a share, in funds from operations, topping analysts' expectations of 66 cents per share.

From "Equity LifeStyle Beats Analysts Estimates" 
Chicago Business (10/21/2014)

California Investor Buys Tulsa-Area Manufactured Home Community

California-based Park Street Partners has acquired its third manufactured home community in Oklahoma. Founding partner Jefferson Lilly said Park Street will change the name of the property to Tulsa Estates and fill its vacant pads with about 20 newer homes. "Our goal is to help deserving families get out of the game of paying rent forever in apartments, and into affordable housing they’ll actually own,” he remarked, noting that a three-bedroom manufactured home in Tulsa Estates will rent-to-own for just $600 per month compared to $844 per month for a typical three-bedroom apartment locally. Park Street Partners, a private equity firm, already owns Noble Estates in Slaughterville and Tuttle Estates in Tuttle, and it also has a fourth property under contract.

From "California Investor Buys Tulsa-Area Manufactured Home Community" 
Oklahoman (11/06/14)

Daily Business News Briefs

Drama in Ohio: Fake News, Facts and Myths

Drama in Ohio: Fake News, Facts and Myths

The ongoing battle between the Ohio Manufactured Housing Association (OMHA) and Ohio Governor John Kasich over the status of the Ohio Manufactured Housing Commission (OMHC) has been taken to a whole new level, with what informed sources  are calling “fake news.” According to a story from WOSU, Gov. Kasich wants to merge the OMHC with the […]...

26 Apr 2017

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Patrick, UMH Surge, Manufactured Housing CV Spikes, Broader Markets Dip

Patrick, UMH Surge, Manufactured Housing CV Spikes, Broader Markets Dip

Noteworthy headlines on – CNNMoney – Trump calls for dramatic tax cuts. Chobani sues Alex Jones over “migrant rapists” claim. Hilton to hire another 20K veterans and their families. FCC chair unveils plan to roll back net neutrality. Some bullets from Fox Business – Rep. Brady: Trump’s tax reform is “Bold.” Mnuchin: We’ll lo...

26 Apr 2017

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Trump Effect: Immigration, the Border Wall, and a $14 Billion Fix?

Trump Effect: Immigration, the Border Wall, and a $14 Billion Fix?

As the Daily Business News covered recently, President Donald Trump’s first 100 days have been a whirlwind of movement, including doubling down on his promises for immigration and building the border wall. At the heart of the conversation about building the wall is the cost, estimated to be $28 billion. While that price has raised […]...

26 Apr 2017

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Triad Financial Services Creates New Program Manufactured Home Dealers

Triad Financial Services Creates New Program Manufactured Home Dealers

Triad Financial Services, Inc. tells MHProNews that it has formed the Triad Manufactured Home Risk Purchasing Group (RPG) for manufactured home dealers. Triad says that it created the program in response to the increasing demand for affordable liability insurance for manufactured home retail dealers. In addition to the insurance savings, the...

26 Apr 2017

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UPDATE: MHC Future in Doubt, the Other Side of Rent Control

UPDATE: MHC Future in Doubt, the Other Side of Rent Control

In an update to the story that the Daily Business News originally covered here, residents at the Thetis Lake Campground community in View Royal, British Columbia, Canada, are facing an imminent threat. According to Western Investor, assessments on the community are threatening the viability of the most affordable housing option in the province,...

26 Apr 2017

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President Trump at 100 Days: Numbers, Polls

President Trump at 100 Days: Numbers, Polls

As President Donald Trump reaches the magic 100-day mark in office, new polling and statistics show that many American’s believe he’s getting the job done. According to Lifezette, approximately 73 percent of American voters approve of President Trump’s performance in fighting for American jobs in an ABC News/Washington Post poll released this past...

25 Apr 2017

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Patrick, LCI Leaders, Manufactured Housing CV Ticks Up, Monster Day for Bro…

Patrick, LCI Leaders, Manufactured Housing CV Ticks Up, Monster Day for Broader Markets

Noteworthy headlines on – CNNMoney – Bannon cleared to sell Mercer-backed holdings. Big techs push Nasdaq to new milestone. Outburst by Wells Fargo shareholder halts meeting. Undocumented immigrant population in steady decline. Some bullets from Fox Business – Ted Cruz wants El Chapo, Mexican drug lord, to pay for Trump’s w...

25 Apr 2017

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Modular Housing Visions are Looking Up in New York’s Big Apple

Modular Housing Visions are Looking Up in New York’s Big Apple

In an effort to tackle the affordable housing challenges in New York City, two designers have looked up, but not to build skyscrapers. According to Dezeen, Instant City: Living Air-Right, a plan created by designers Beomki Lee and Chang Kyu Lee, calls for using vacant airspace over existing New York buildings to create affordable modular […]...

25 Apr 2017

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Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown Ameri…

Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown America

In Australia, manufactured home builder and community owner Gateway Lifestyle Group has seen significant growth since the Daily Business News reported a potential deal with Hometown America last August to purchase National Lifestyle Villages (NLV), Western Australia’s largest operator of manufactured home communities. At the time, the proposed d...

25 Apr 2017

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Keith Olbermann on Trump Supporters – Industry Reacts – When “Trailer Trash…

Keith Olbermann on Trump Supporters – Industry Reacts – When “Trailer Trash” Isn’t What You Think

In what is quickly becoming known as the “tweet heard ‘round the manufactured housing world,” former ESPN and MSNBC host Keith Olbermann’s reference to President Donald Trump supporters — former Presidential candidate Sarah Palin and musicians Ted Nugent and Kid Rock during their White House visit — as “trailer park trash” has set off a...

25 Apr 2017

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Manufactured Home Community Residents Reach Settlement In Legal Action

Manufactured Home Community Residents Reach Settlement In Legal Action

In Massachusetts, residents of the Chelmsford Commons manufactured home community have reportedly reached a six-figure settlement in a class action lawsuit against community owner, Michigan based RHP Properties. According to the Lowell Sun, the suit alleges that RHP improperly raised rents on residents over the last five years. As a result of the...

24 Apr 2017

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New Sponsors

Featured Articles and Reports - April 2017 Vol. 8 No. 7

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Proof! Manufactured Home Communities, Retailers & Builder/Developers Can A…

Proof! Manufactured Home Communities,  Retailers & Builder/Developers Can Attract, Sell Site Built Buyers

by L. A. ‘Tony’ Kovach What’s the difference between a nice sounding theory, and a profitable process?  Proof. NSP_READMORE

MARKETING

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Flori…

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Florida

by Christopher Nortley Portfolio Overview The North Tampa Portfolio consist of 3 communities in which 2 are located in Port Richey while the 3rd is located in Hudson, FL. All... NSP_READMORE

MARKETING

ELS Rises, Manufactured Housing CV, Broader Markets Dip

ELS Rises, Manufactured Housing CV, Broader Markets Dip

by RC Williams Noteworthy headlines on – CNNMoney – Mercedes-Benz pulls ads from The O’Reilly Factor. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

What’s the Truth About the Manufactured Housing Industry’s Potential?

What’s the Truth About the Manufactured Housing Industry’s Potential?

by Soheyla Kovach Whether or not truth is reported, or distorted, reality – the truth – is. Truth exists. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Manufactured Home Community’s Outsider Sparked Water Issues

Manufactured Home Community’s Outsider Sparked Water Issues

by RC Williams In Puyallup, Washington, the stereotypes surrounding manufactured versus site built housing are playing out in a less than ideal way. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

State Agency to Assist Low Income MH Residents

State Agency to Assist Low Income MH Residents

by RC Williams In Delaware, homeowners in need are going to get some help. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

State Law Forces City Decision on Manufactured Home Zoning

State Law Forces City Decision on Manufactured Home Zoning

by RC Williams In Queensbury, New York, manufactured housing has scored a victory. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Want Manufactured Home Community Voluntarily Rent Control, Anyone? Anyone?

Want Manufactured Home Community Voluntarily Rent Control, Anyone?  Anyone?

by RC Williams Officials in Corona, California, say that they may pursue voluntary rent control measures for manufactured home communities, in an effort to help low income and elderly... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

City Turns to Manufactured Homes in Project

City Turns to Manufactured Homes in Project

by RC Williams In Northern California, the city of Sebastopol is investing $258,000 into a project that establishes affordable housing for low-income residents at the city’s eastern gateway. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Manufactured Home Communities, Fair Housing, and Day Care

Manufactured Home Communities, Fair Housing, and Day Care

by Nadeen Green, JD The seven federally protected classes (race, color, religion, national origin, sex, familial status and disability) are hugely relevant (and reflective of the issues of discrimination... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

by Christopher Nortley Property Overview MHRE Inc is pleased to present Live Oaks and Blue Oaks located in Topeka, Kansas. The communities are situated just 4.2 miles away from each other. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Brian Gallagher, Chief Operating and Financial Officer, Santefort Real Est…

Brian Gallagher, Chief Operating and Financial Officer,  Santefort Real Estate Group - RFI - FHFA, Duty to Serve Comments Letter

by Brian Gallagher Editor’s note: Brian Gallagher thoughtfully shared the comments below with MHProNews for publication.  NSP_READMORE

FINANCING

Security Mortgage Group Setting Hot Pace in First Quarter of 2017

Security Mortgage Group Setting Hot Pace in First Quarter of 2017

by Pierce Redmond Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed $78,632,000 thus far in 2017 for several manufactured home communities nationwide. NSP_READMORE

FINANCING

NFIB Provides Vital Small Business Guide

NFIB Provides Vital Small Business Guide

by RC Williams The National Federation of Independent Business (NFIB) is out with its 2017 Small Business Tax Guide. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Moves In U.S. Home Price Index

Moves In U.S. Home Price Index

by RC Williams New data from Case-Shiller shows that January home prices rose at the fastest rate since 2014. While this spells a win for sellers, it could eventually... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Media, MHI Members Welcomed, Industry Warned

Media, MHI Members Welcomed, Industry Warned

by Soheyla Kovach At the 2017 Tunica Manufactured Housing Show, members of the Manufactured Housing Institute (MHI), and the industry’s top trade media were welcomed – without cost – by... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Sunday Morning Weekly Recap Manufactured Housing Industry News March 26th 2…

Sunday Morning Weekly Recap Manufactured Housing Industry News March 26th 2017 to April 2nd 2017

by RC Williams Our theme for our April 2017 issue is: Manufactured Housing Industry Politics – Complicated Cross Currents, or April Fools? NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Cavco’s Buyout

Cavco’s Buyout

by RC Williams Cavco Industries Inc. (NASDAQ:CVCO) tells MHProNews that it has signed a Letter of Intent, and has reached an understanding, on terms to acquire Lexington Homes, Inc. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

April Fools? – MHVille’s Complicated Politics, 2017

April Fools? – MHVille’s Complicated Politics, 2017

by Soheyla Kovach Three april fools looking at camera with different expressions, credits, MHProNews.com/GraphicStock. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

ELS’ Sam Zell Sounds Off on Trump’s Wall

ELS’ Sam Zell Sounds Off on Trump’s Wall

by RC Williams ELS Chairman and billionaire real estate mogul Sam Zell shared his thoughts recently on President Donald Trump’s plan for the border wall with Mexico, and what... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

City Residents Make Unexpected Moves – Opportunity for MH?

City Residents Make Unexpected Moves – Opportunity for MH?

by RC Williams New data shows an interesting trend – popular cities like New York, Los Angeles, and Washington D.C., normally destinations for living, are actually losing people in... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Diverse Industry Reactions to Manufactured Home Community Closure Issue

Diverse Industry Reactions to Manufactured Home Community Closure Issue

by RC Williams In Chesterfield, Missouri, residents of the town’s only manufactured home community received some very shocking news this week. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Chicago’s Mayor Favors Massive Modular Project

Chicago’s Mayor Favors Massive Modular Project

by RC Williams In a follow up to a story that Daily Business News originally covered here, Chicago Mayor Rahm Emanuel is “gung ho” about developers planning to build 12,000 modular homes,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Developers Going MOD in Housing Crisis

Developers Going MOD in Housing Crisis

by RC Williams In Baton Rouge, Louisiana, two developers have turned to modular housing to ease the stress of finding housing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Barry and “Be the Change!” Doing Good, Pays

Barry and “Be the Change!” Doing Good, Pays

by L. A. ‘Tony’ Kovach We decided this month to highlight a simple yet profound reality. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Is What You Say Always Consistent with What You Believe?

Is What You Say Always Consistent with What You Believe?

by Tim Connor, CSP There is a Native American legend that says - you will only get into Heaven leaning on the shoulders of someone you helped while you... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

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Classifieds

Press Releases

Triad Financial Services Inc., Announces…

Triad Financial Services Inc., Announces Formation of Triad Manufactured Home Risk Purchasing Group for Manufactured Home Dealers

Jacksonville, Fla. (April 21,2017) – Triad Financial Services, Inc (Triad) has been providing services to the manufactured home industry for over 50 years. During this time, Triad has incorporated various services to better assist those in the manufactured home industry. In 2016, Triad created a Risk Purchasing Group (RPG) in response to the increasing demand for affordable liability insurance for manufactured home retail dealers. In addition to insurance savings, the program will provide periodic loss prevention and risk management tips and information. In addition to the general liability program, Triad’s insurance division provides competitively priced inventory open lot coverage, commercial property coverage, commercial auto insurance, coverage for contractors equipment, as well as access to a national homeowners program for manufactured housing. Recent changes in the manufactured home general liability insurance markets have...

the MHMSM Team 26 Apr 2017 Corporate Press Releases

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Call for Nominations for the RV/MH Hall …

Call for Nominations for the RV/MH Hall of Fame Class of 2018

ELKHART, Ind., -- It's still six months until the October 31, deadline for nominations for the RV/MH Hall of Fame Class of 2018, and Darryl Searer, president of the RV/MH Heritage Foundation (Foundation) wanted to remind those considering nominating someone that they should start working on their nomination. Searer said, "Even though we are intensely planning for the induction dinner celebration for the Class of 2017 on August 7, 2017, it's really not too early to start the process of nominating a deserving individual to the Hall of Fame for the Class of 2018. It's a lengthy process that should not wait until the last minute, so I urge those who are considering a nominee to download the guidelines and forms so their nominee can be considered for the Class of 2018." The nomination...

Soheyla Kovach 21 Apr 2017 Corporate Press Releases

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*** Price Reduction *** North Tampa Port…

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Florida

Portfolio Overview The North Tampa Portfolio consist of 3 communities in which 2 are located in Port Richey while the 3rd is located in Hudson, FL. All the communities have very desirable locations and convenient for an owner to have centralized management to create economies of scale. The trailing cap rates as a portfolio are in the 6.06% to 8.09% range while the year 1 pro-forma cap rates are in the 7.09% to 8.58% range.  This portfolio is a perfect opportunity for an investor to capitalize on the strong demand and growth occurring in Florida while being able to create economies of scale with a purchase of 380 sites. Portfolio Summary Investment:              3 Property Portfolio Star Class:               2-3 MH Sites:                 70 RV Sites:  ...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

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SECURITY MORTGAGE GROUP Finances $78,632…

SECURITY MORTGAGE GROUP Finances $78,632,000 in the First Quarter 2017

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed $78,632,000 thus far in 2017 for several manufactured home communities nationwide. The most recent March closings included the following: Managing Director, Gerard D. DiMarco, Jr., secured acquisition financing for two manufactured home communities totaling 192 sites in Wyoming. The $4,750,000 loan featured a limited prepayment penalty and flexible lending terms. Gerry also helped negotiate financing for a repeat client’s purchase of a 184-site mobile home and RV park in Corpus Christi, TX with a non-recourse loan of $2,445,000.  Anthony J. DiMarco, the other managing director, helped negotiate financing for a repeat client’s Ohio and Kentucky MHC Portfolio with over 700 sites. The $26,025,000 non-recourse loan featured a long-term fixed rate.   In addition, Anthony closed a...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

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Live Oaks & Blue Oaks MHP Portfolio | 17…

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

Property Overview MHRE Inc is pleased to present Live Oaks and Blue Oaks located in Topeka, Kansas. The communities are situated just 4.2 miles away from each other. Together, there are 170 MH sites. Blue Oaks has 8 park owned homes, of which 5 are occupied. It has strong employment next door with two distribution centers for Target and Home Depot. Live Oaks has 11 park owned homes, of which 4 are occupied. This community is in an excellent location with great road frontage and heavy traffic count, and it is near the university and other various businesses. The current owners have put in time and effort to clean and fix up the communities. They repaired and replaced the underground utility lines and fixed up the roads. The market for rentals is available,...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

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Sizzling Sunshine Homes! @ Tunica Show …

 Sizzling Sunshine Homes! @ Tunica Show = Exclusive “Total Package” for More Sales for Retailers, Communities, and Builder/Developers

Business is BOOMING at Sunshine Homes!  Retailers, communities, and builder/developers are watching homes sell fast and at good margins.  Let’s review some of the reasons. As important as great homes are, what we do to support our independent retailers and communities that compliments those sizzling model homes in your inventory can mean the difference between okay sales, and homes that turn several times a year. First, if you’re ready to attract more customers that pay cash or has good credit, look no further than Sunshine Homes.  Our Energy Star ™ rated homes are residential designs that impress and sell previous owners of conventional homes.  You can have floorplans ordered either as a HUD Code manufactured home, or as a state coded modular home. Award-winning Stan Dye of Star Homes says that 99% of...

the MHMSM Team 24 Mar 2017 Corporate Press Releases

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