Tag Archives: Industry News

Legislative Update

Language to Preserve Lending for Manufactured Housing Passes House Appropriations Committee

Legislative language that would preserve lending for manufactured homes cleared another important hurdle, passing the House Appropriations Committee.

In March, Rep. Rep. Andy Barr, R-Ky., along with 32 other members of the House, sent a letter to the appropriations committee imploring lawmakers to remove manufactured housing as a class from the increased protections designed by the Consumer Protection Finance Bureau.

“Since the CFPB’s Home Ownership and Equity Protection Act (‘high-cost’) rules consider costs as a percentage of a loan, smaller loans, like manufactured home loans, often violate points and fee caps,” the letter stated. “Because of the resulting high-cost designation, many lenders have stopped making manufactured housing loans. It is crucial that the definition of high-cost loans is modified so that manufactured housing loans are not unfairly swept under the high-cost designation simply due to their size.”

Census data shows that nearly 20 million people in the U.S. live in manufactured homes.

The bill, H.R. 1699 – “Preserving Access to Manufactured Housing”, resides in $20.2 billion Financial Services Appropriations bill that provides annual funding structure for the departments of Treasury and Judiciary, the IRS, the Small Business Administration, the Securities and Exchange Commission and other related agencies.

The language will need to pass the full House before moving to the Senate and White House before coming law.

In a prepared statement, the Manufactured Housing Institute offered its support of the efforts.

“The successful inclusion of the language demonstrates positive momentum and follows inclusion of the language in the Financial CHOICE Act, financial reform legislation that passed the House of Representatives earlier this month,” the statement read in part.

MHI is the national trade organization representing the factory-built housing industry.

Save the Date – SECO 2017

350+ small and mid-size manufactured home community owners and other industry personnel will attend SECO17 on October 11-12, 2017 in Marietta, Georgia.

New location this year:

Hilton Atlanta/Marietta Hotel and Conference Center
Marietta, Georgia

This year we’ll be meeting at the idyllic, and historic, Hilton Atlanta/Marietta Hotel and Conference Center. Their grand structure and idyllic location warmly welcome guests traveling for SECO17. Stay at this hotel in Marietta, GA, and be near hiking, mountain trails and the on-site City Club Marietta Golf Course.

Here’s just some of what SECO has to offer:

  • Network with Fellow Community Owners and Managers.
  • Hear the Good, the Bad & the Ugly from Fellow Community Owners
  • Explore New Ways to Run Your Community
  • Acquire the Knowledge to Better Your Bottom-line
  • Get Tips from the Experts – Steps to Becoming More Efficient
  • New Ways to Finance
  • Walk Through Affordable Community Series Manufactured Homes & Interact with Manufacturers
  • Share Ideas and Best Practices to Ensure Greater Success.
  • 501(c)(3) dedicated to community education

Community owners, managers, vendors and other industry personnel from 25+ states are expected. Educational workshops, presentations and panel discussions will complement three days of networking.

Who should attend? Anyone that owns or has an interest in the health and operation of manufactured home communities. Programming is focused on tactics that can benefit those owning 1 – 100 communities. This would certainly include the owners and investors, but also be beneficial for general managers and managers. The networking opportunity with owners/operators will be beneficial for lenders, suppliers, home manufacturers and corporate property managers as well. But there is no mistake – this is a gathering directed by community owners for community owners.

More information about SECO can be found at secoconference.com

MHI Summer Legislative Fly In

Smart industry professionals know that our business has concerns and issues that must be addressed in Washington D.C.. Join the Manufactured Housing Institute for their 2017 Summer Fly-In and make sure your concerns are heard.

From MHI (The Manufactured Housing Institute):

Do You Want Change in Federal Policy for Manufactured Housing?

Join us in Washington, D.C. on June 26-27 at the Hyatt Regency for MHI’s Legislative Fly-In program.

Our story must be heard as Members of Congress consider the many issues that impact our industry. With your participation, we can drown out the misinformation that is being sent to Capitol Hill from those who do not understand the manufactured housing market. We can ensure all Members of Congress understand the importance of manufactured housing as a critical resource for working families and the largest form of unsubsidized affordable housing in the nation.

Let your voice be heard during this two-day program. Visit Congressional offices to advocate for:

-Reducing regulatory burdens to financing for manufactured homes.
-Fighting regulatory overreach by the Department of Housing and Urban Development.
-Fostering economic growth by supporting quality, affordable manufactured housing.

The 2017 Legislative Fly-in program includes:

  • Meetings on Capitol Hill with your Members of Congress or their key staff
  • Lunch on the Hill with presentations by Members of Congress
  • Networking with your MHI peers from across the country
  • Briefing sessions on MHI’s legislative priorities
  • Training on lobbying and influencing your elected leaders
  • Tips on continuing relationships with your elected officials once you return home

A complete schedule of events as well as registration details can be found on the Manufactured Housing Institute’s web site.

 

What’s the Deal?

Big Investors Move to Find Best Deals Before Market Levels

Lakeway Mobile Estates,Bellingham, Wash.

From Bellingham, Wash. to Newnan, Ga., Jon Harrison scans the map for just the right patch of land. He talks to brokers, scours county records and relies on whatever information he can gain from inside sources.

All in the name of finding the prime manufactured home community.

Harrison isn’t looking for his retirement place. He’s not looking for the simple yet ideal coastal getaway for the family. He works for Inspire Communities, not the largest of the community owners, but certainly entrenched in the top quarter of the industry.

A former broker himself, Harrison is in acquisitions, and always is looking for the perfect mix of placement and amenities that can be a great home for 200 hundred residents or more – and no less important, a stellar portfolio addition for the company owners and investors.

Continue reading

MHCA MHIA Joint Conference

Please join us at the:

2017 Arizona Manufactured Housing Conference

June 21-23, 2017

Wild Horse Pass, Chandler Arizona

2017 Arizona Manufactured Housing Conference

MHVillage is proud to be be a exhibitor and sponsor at the 2017 MHCA-MHIA Annual Conference. If you are a manufactured housing professional doing business in Arizona, you will want to attend this great event!

 

 

 

Here’s a list of just some of the exciting items on the schedule:

  • Golf Tournament at the Whirlwind Golf Club on June 21
  • Welcome Reception with Musical Entertainment and Silent Auction
  • Keynote by Mark Yost, President of Champion Homes
  • Internet Marketing, by MHVillage’s very own Darren Krolewski!
  • Fair Housing Basics: What You Need to Know w/ attorney Melissa Parham
  • The Hardest Business to Measure is the Business You Lose, by John Underwood
  • Fannie Mae Q & A: Paul Barretto, Fannie Mae
Wild Horse Pass Casino and Hotel

Wild Horse Pass Casino and Hotel

A brochure with an outline for the entire schedule can be found on the Arizona Housing Association website, or you can download it here.

Registration is available at azhousing.org. We look forward to seeing you there!

 

 

Energy is Up at MHI Congress & Expo in Las Vegas

MHI Congress and ExpoIt was a stellar year at the Manufactured Housing Institute’s Congress & Expo in Las Vegas. Five of us from MHVillage attended the show this year, along with about 1,200 others, representing the biggest turnout in a decade.

“That’s proof that the industry is back, it’s healthy, and it’s growing,” MHI President and CEO Dick Jennison said, adding that year-over-year shipments to date are up 17 percent.

There was plenty of discussion about financing mechanisms, a conversation that runs right up to Washington D.C., where Fannie Mae and Freddie Mac are in talks with multiple levels of government oversight to provide greater access to personal property, or “chattel”, loans that feed manufactured home sales.

The Congress & Expo was held at Caesar’s Palace, May 2-5.

MHVillage Booth at the 2017 MHI Congress & Expo

MHVillage team members talk with attendees at our booth in the Caesar’s Palace exhibit hall at the MHI Congress & Expo.

MHVillage had a front and center spot in the exhibit hall, greeting longtime account holders and advertisers, as well as gaining new ones.

“We get about 45 to 50 leads a month from MHVillage. We do a lot of business with MHVillage, and it helps,” said James Reitzner, who owns manufactured home communities in Wisconsin and Northern Michigan. “About 45 percent of our leads come from MHVillage.”

Many of the attendees at this year’s show were investors, who have honed in on the trend toward manufactured housing as growing stock in the affordable housing market, and as a stable and long-term solution to diversify real estate holdings.

“There’s been a lot of movement in the industry,” said Tyler Gordon, of West Partners, an investment group in Carlsbad, Calif. “There’s a lot of consolidation, and eager sellers. It’s a matter of finding the right property to buy, which is why many of us are here.”

Datacomp Releases 2017 Rent and Occupancy Reports for FL Markets

Datacomp Releases 2017 JLT Manufactured Home Community Rent and Occupancy Reports for Florida Markets

jlt-market-2017-florida-market-reportsDatacomp, publisher of JLT Market Reports and the nation’s #1 provider of market data for the manufactured housing industry, today announced the publication of its May 2017 manufactured home community rent and occupancy reports for 31 markets in the state of Florida, now including Bay, Escambia and Leon counties.

Recognized as the industry standard for manufactured home community market analysis for more than 20 years, JLT Market Reports provide detailed research and information on communities located in 130 major housing markets throughout the United States, including the latest rent trends and statistics, marketing programs and a variety of other useful management insights.

Datacomp’s manufactured housing market data published in the May 2017 JLT Market Reports includes many of the major markets for mobile homes in Florida. Together, these manufactured home rent and occupancy reports track 752 “All Ages” and “55+” communities encompassing a total of 208,881 homesites.

Each JLT manufactured home community rent and occupancy report published by Datacomp includes detailed information about investment grade communities in the major markets, including number of homesites, occupancy rates, average mobile home community rents and increases, community amenities, vacant sites, and repossessed and inventory homes.

JLT Market Reports also include management insights that rank communities by number of homesites, occupancy rates and highest to lowest rents. Detailed reports show trends in each market with a comparison of May 2017 rents and occupancy rates to May 2016, as well as a historical recap of rents and occupancy from 1996 to present date in most markets.

The May 2017 JLT Market Reports for Florida are available for purchase and immediate download online at the Datacomp JLT Market Report website at http://www.datacompusa.com/JLT, or they may be ordered by phone in electronic or printed editions at 800.588.5426. Each fully updated report for mobile home communities is a comprehensive look at investment grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to effectively benchmark those communities and make informed decisions.

About JLT Market Reports
For more than 20 years, countless professionals have trusted JLT Market Reports for timely and accurate management reports on land lease manufactured home communities. JLT Market Reports are currently published for 90 markets nationwide and are recognized as the industry standard for manufactured housing industry data. In 2014, JLT & Associates merged its resources, skills and expertise with Datacomp, the industry’s oldest and largest national manufactured home appraisal company and number one provider of market data for the manufactured housing industry, and MHVillage, the premier website for advertising mobile homes for rent and sale nationwide.

Plant Tours and Home Sales Seminars

Two Days of Plant Tours and Home Sales Seminars
Presented by George Allen and COBA7

May 25 and 26th

Never before have MHCommunity owners/operators come together in one Midwest location to collectively learn the basics and nuances of selling and seller-financing new HUD-Code homes on-site!

That’s what’s happening 25 & 26 May, at the RV/MH Hall of Fame in Elkhart, IN. Called the Two Days of Plant Tours & Home Sales Seminars, six factories are opening their doors to this group of businessmen and women. And four owners of MHCommunities will be teaching four sequential segments relative to new home sales and seller-financing!

The following Seminars will be offered:

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Property’s curb appeal, sales center, staffing, training, ascertaining home buyer profile and what they can afford. License(s) needed.
By Adrianne DeRose, MHM® & Pamela Ziemer, MHM® from CareFree Homes Inc., Pendleton IN

Buying Homes!
What do home buyers want & afford? Community Series Homes? Marketing, training and $ support? Frost Free Foundation. OK?
By James “Jamie” Dougherty, MHM® from Community Management Group (or CMG), Famington Hills MI

Selling Homes!
…or leasing. Focus = house and lifestyle. Property and product USP? Use 6-Right Ps of Marketing to sell homes via: traditional & online ads!
By Kenneth B. Lipschutz & Danya Mallad from HomeFirst Certified Communities, Birmingham MI

Financing Homes!
Sources of $ ‘Captive Financing’, lease-option, compliance issues, importance of per-qualification!
By Spencer Roane, MHM® from Pentagon Properties Inc, Atlanta GA

For more information, please phone the Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764, or click here to download a brochure.

Champion Opens New KY Production Facility

Good news from Champion Home Builders!

Champion Home Builders, Inc. to open new Kentucky Production Facility

Screen Shot 2016-05-13 at 3.34.11 PMTROY, Mich., May 4, 2016  – Champion Home Builders, Inc., a leader in the manufactured housing industry and one of the largest modular homebuilders in North America, is expanding its production capabilities with a new facility opening late summer in Benton, Kentucky.

The move allows Champion to:

  • Better serve customers with a wider variety of cost-effective homes.
  • Increase capacity to meet growing demand.
  • Provide product to customers that the company currently does not reach.
  • Offer greater convenience to customers.
  • Extend available designs and price points to both manufactured housing communities and private property owners in Kentucky, Tennessee, Illinois, Missouri and Arkansas.

“Our new Benton facility isn’t powered simply by Champion’s continued growth and expansion plans,” said Champion CEO Keith Anderson. “It also feeds off of the increasing success our customers are having with the Dresden, Tennessee, product.”

Just as Champion’s manufacturing process streamlines homebuilding, the Benton facility will help the 63-year-old company realize greater efficacy in their sales model.

The plant in Benton will focus solely on manufacturing; the company’s Dresden site — which also includes production facilities — will handle business responsibilities (such as sales, service and accounting), as well as comprehensive employee training programs.

“Though the distance between the two cities is just a little over 50 miles, they’ll be as inextricably linked as next-door neighbors,” said Champion Sales Manager Tandy Roberson. “It’s all about efficiency, which we’d like to think is a Champion hallmark.”

Another hallmark for the homebuilding company: a skilled workforce. While many of today’s manufacturers face talent shortfalls, Champion feels it can buck that trend in Benton, where the company anticipates many strong candidates for the 150 jobs its facility will inject into the local economy.

“Our Tennessee location has shown us what we can expect from workers in the region: skill, dedication and an uncompromising work ethic,” said Champion General Manager Thomas Stoneburner. “Those men and women will help us deliver wonderfully designed, value-engineered homes that are as attractive as they are livable.”

Along with the deserved thank you to the people of both Benton and Dresden, Anderson cited another group as making Champion’s expansion possible.

“We owe a great deal to our customers for their continued support,” he said. “Thanks to our sales growth — spurred in no small part by our success in Tennessee — we’re building a great future for our company, employees and all those who can proudly say their home is a Champion.”

About Champion Home Builders
Founded in 1953, Champion specializes in a wide variety of manufactured, modular and park model homes, as well as modular buildings for the multi-family, hospitality, senior and workforce housing sectors. Champion started as a single manufacturing facility in rural Michigan and grew to offer factory-built housing and other structures throughout the U.S., United Kingdom and western Canada. The company operates 28 manufacturing facilities throughout North America and Europe, and employs more than 4,200 people worldwide.

For more information on Champion Home Builders, visit www.ChampionHomes.com.

2016 IMHA Annual Conference

MHVillage is proud to be a sponsor of the 2016 IMHA Annual Conference, on May 18-19. If you are in the Illinois area, be sure and join us for this great event!

From the IMHA website:

Coming Together – Building Success!

Conference Schedule

Join IMHA members, industry professionals, suppliers, service providers, finance and insurance companies, manufacturer reps. and others for two action packed days of educational seminars, discussions on HOT industry topics, evening cocktail receptions and much more.

Here is your chance:

  • An opportunity to network with others actively involved in the same industry
  • Find out what others like you are doing to succeed
  • Ask and answer questions with peers
  • Consider or actually make alliances from which both parties benefit
  • To buy or sell – parks, dealerships, inventory, service
  • Learn something of industry specific real value from a proven experts
  • Be a part of our tribe – or group
  • Do “something different” and fun!
  • Spouses are welcome!

Featuring:

  • Fair Housing In-Depth Training
  • Federal Tax Issues
  • Women in Leadership
  • Why Retailers should be buying Communities Now & How to do it!
  • Nashville Recording Artist Clay Underwood
  • HUD Representatives from DC & More!

Show Sponsors