CBS News’ recent Sunday morning show report on “Mobile homes: More than just a box on wheels” was a remarkably fair look at the past as well as the new realities of the manufactured home industry. While CBS’ used outdated terminology in most cases – not clearly making the distinction between the mobile homes that have no longer been …
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by Jay Hamilton When reporter Dan Chapman from the Atlanta Journal Constitution (AJC) called and asked would I assist him in writing a business article, I was internally hesitant. Due to our industry receiving a lot of bad newspaper press over the last six months I certainly did not want to assist someone in tormenting us. I was concerned it …
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Tim Williams, the Executive Director of the Ohio Homes Association, requested we consider drawing attention to online newspaper coverage, “Akron Beacon Journal Article entitled “Factory Built Homes…May Just Surprise You”. One of the most positive news articles regarding our industry in some time.” Williams is right, quite so! Williams has told ManufacturedHomeLivingNews.com of their vision for advancing the image and …
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Millions of conventional site built houses are still underwater, according to recent reports by RealtyTrac, Bloomberg and the S&P/Case-Shiller index. As the recovery of depressed prices from the housing/mortgage bubble have slowed recently, leaving millions of Americans in homes that are “underwater” on their loans. An “underwater” mortgage is defined as a real estate home with a loan that is …
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“Pencil head, its not a trailer park.” So said Equity Lifestyle Properties (ELS) Chairman and real estate legend Sam Zell to a packed auditorium of manufactured housing professionals, as Zell described previous comments he’s made to potential investors. But “its not a trailer park” isn’t the impression you’d get about proper manufactured home terminology from reading “The Cold Hard Lessons …
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Manufactured Home Living News has learned that Universal Forest Products,Inc. (UFPI) acquired Upshur Forest Products, LLC in Gilmer, Texas. MHProNews and Menafn both report that another UFPI subsidiary, purchased assets of High Level Components LLC in Locust, North Carolina, a deal that closed March 31, 2014. With manufactured and modular home construction steadily rising, it is no surprise that UFPI …
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In spite of the worst winter in decades, new manufactured housing production continued its 4 year growth trend, according to a report from the U.S. Department of Housing and Urban Development (HUD). By law, all homes built to the federal HUD Code for manufactured housing safety and construction standards are not “mobile homes,” but are legally known as manufactured homes. …
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Clayton Homes announced they are the proud partner of the Duck Commander 500, this year’s annual spring NASCAR ® Sprint Cup Series race at the popular Texas Motor Speedway ®. Some 150,000 fans are expected to attend the event on April 6, 2014. The race is said to be the single most-attended one-day sporting event in Texas. DigitalJournal and MHProNews.com …
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UMH Properties, Inc. of Freehold, New Jersey has acquired eight Ohio manufactured home communities (MHCs) comprised of 1,018 homesites. Marketwatch, MHProNews and StockNews among others have reported that UMH owns and operates 82 land-lease manufactured home communities with approximately 14,500 total sites. UMH Properties is a public real estate investment trust (REIT). The company has roughly doubled its holdings in …
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Manufactured Homes and the Harvard Joint Center for Housing Studies reports on America’s Rental Housing; Evolving Markets and Needs On December 9th, 2013 Harvard University’s respected Joint Center for Housing Studies issued a report entitled “America’s Rental Housing: Evolving Markets and Needs.” The study begins by reporting what we all know from experience, namely that the numbers of renters are significantly up as …
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The quality and affordability of modern manufactured homes is being rewarded by growth in new factory-built home construction. According to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing production showed strong increases once more during October 2013. Recently released statistics report that HUD Code home manufacturers produced 6,078 homes in October …
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Credit for mortgages in general are declining as new regulations and approaching ones are coming on line, says Yahoo! Finance. They cite the Mortgage Bankers Association and AllRegs as their sources, explaining too that tightening credit will result in fewer loans. Their report says that a significant impact will be felt by all home loans under $100,000. Since the Manufactured …
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Brian Hicks of the Post and Courier tells Manufactured Home Living News that the line used by a South Carolina beauty contestant was probably written by show writers. Miss South Carolina, Brooke Mosteller of Mount Pleasant introduced herself at an event by saying, “I’m from the state where 20 percent of our homes are mobile, because that’s how we roll.” …
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If a picture is worth a thousand words, then a manufactured home (MH) video tour can be worth millions of words. We love sharing the stories of those who live in modern manufactured homes. The stories about those professionals who work in the MH industry day-by-day are equally important for the home-shopping public to see and hear. Video interviews are …
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