Tag Archives: manufactured housing

Greater Accessibility to Manufactured Home Financing in Sight

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Recently, the U.S. House Financial Services Committee acted on and passed the Preserving Access to Manufactured Housing Act (H.R. 1779). This bill would amend the loan amount thresholds under Dodd-Frank that set criteria for manufactured home loans classifying them as “high-cost.” Under current Consumer Financial Protection Bureau (CFPB) guidelines, many small loan amounts originated for manufactured home purchase are unjustly classified …

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Congressman Bill Flores Tours a Manufactured Home Building Center

“There is no better demonstration of what today’s manufactured home building industry is then walking through a modern production center in full operation!“ exclaimed D. J. Pendleton, Executive Director of the Texas Manufactured Housing Association (TMHA). Pendleton was part of a delegation that included Congressman Bill Flores of Texas, who toured a Fleetwood Homes building center near Waco on June …

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Georgia Manufactured Housing Association’s Jay Hamilton on Atlanta Journal-Constitution (AJC) May 11, 2014 article, “Mobile Home Sales Rebound”

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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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Sensationalistic ‘Cold Hard Lessons of Mobile Home U’ New York Times article  by Gary Rivlin draws Manufactured Home Industry Ire, Desire and Fire

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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 and Modular Home Supplier Universal Forest Products Acquiring more Subsidiaries

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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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Manufactured Home Production in February 2014 Continues to Rise.

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 partners in the Duck Commander 500

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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 Acquires Eight Manufactured Home Communities

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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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A Breakfast with…Leonard Kopowski, Louisiana Manufactured Housing Association (LMHA)

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1) Who, What and Where: (Your name, town and your formal title at Louisiana Manufactured Housing Association, LMHA). Lenny Kopowski , Metairie, La. , Director of Government Affairs 2) Background: (Educational/Professional snapshot before entering the factory-built housing arena, at or before the Louisiana Manufactured Housing Association – LMHA). I graduated from the University of New Orleans with an Undergraduate Degree …

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Manufactured Home Building Continues to Rise in October 2013

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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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MH Posters that Speak a Thousand Words

If a picture is worth a thousand words, so too can a poster speak volumes with the right photo and a few select words. The first poster includes a quote from Warren Buffett, who has invested billions in manufactured housing. When Buffett speaks, investors, public officials and millions listen. The next poster includes a quote from Sam Zell, founder of …

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Wall Street Journal takes note as private equity firm, Carlyle Group, purchases 2 manufactured home communities

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Washington based Carlyle Group (CG) made the move to enter the manufactured housing industry, through its recent purchase of two land-lease manufactured home communities in Florida. The Wall Street Journal’s (WSJ) Dawn Wotapka reports that Carlyle is purchasing the properties for $30.8 million from Shamrock Holdings, LLC and Paradise Valley, Arizona based firm. This is news to both potential home …

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La Costa Resort and Spa, Carlsbad CA US Destination for 2013 MHI Annual Meeting

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World class professional golf course. Tennis, spa or swimming. Shopping, coffee, drinks and dining. Quality conference facilities, surrounded by palm tree lined streets, flora, fauna, fountains and more. You can find all of this near the Pacific Ocean and a short drive north from San Diego, CA. This is the La Costa Resort and Spa – located in Carlsbad, California …

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Yahoo! Finance Cautions: Mortgage Credit Availability Declining as CFPB Rules are coming on line

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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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LMHA’s Lenny Kopowski honored with Jim Moore Excellence in Communications Award

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Leonard “Lenny” Kopowski, Director of Government Affairs, LMHA, was honored with the Jim Moore Excellence in Communications Award presented by the Manufactured Housing Executives Council (MHEC)  during the Manufactured Housing Institute’s 2013 Annual meeting held recently in La Costa, CA. In Kopowski’s role for the Louisiana Manufactured Housing Association (LMHA), Lenny used a three step, “outside the box” public relations …

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