Access to financing by millions of home owners and would be buyers, as well as job loss-or-creation, hangs in the balance due to regulatory hurdles caused by Dodd-Frank. So say supporters of the Preserving Access to Manufactured Housing Act of 2013, known as HR 1779. The bill proposes a remedy …
“You’ve got to have confidence. Once we understood the business we had absolute confidence in its future.” said Equity Lifestyle Properties (ELS) Chairman, Sam Zell to a packed room of industry professionals at the W Center in Chicago, IL. What made his quote even more compelling was its timing, coming …
Sam Zell, “The Point of the Spear” and “You’ve Got to Have Confidence” Read More
H.R. 1779 is the “Preserving Access to Manufactured Housing Act” of 2013. As part of the 113th Congress’ proposed legislation, this bill will live on in 2014. It was introduced by Rep. Stephen Fincher [R-TN8], with the original co-sponsors being Representatives Gary Miller[R-CA31] and Bennie Thompson [D-MS2]. This list will …
Among many of the important take-aways from the 2013 National Communities Council (NCC) Fall Leadership Forum was a public comment from Steve Schaub of Yes! Communities. Schaub stated in a matter-of-fact fashion that their firm had previously been doing quite a bit of lease-option type transactions. Schuab then said that …
NCC discussion on Manufactured Housing, Rent to Own and Lease Option Read More
On October 1 the CFPB issued a final rule to a previous supplemental proposed rule. The amendments focused primarily on loss mitigation procedures under Regulation X’s servicing provisions, amounts counted as loan originator compensation to retailers of manufactured homes and their employees for purposes of applying points and fees thresholds …
An important 2012 research study was done by the National Association of Realtors (NAR) and Google. The complete study is attached as a download at the end of this article, but let’s pull some key facts from the study to pin-point solid reasons why manufactured housing retailers, communities and other …
by Elizabeth Birch, JD As you have heard from previous announcements, there’s a new sheriff in town – the federal Consumer Finance Protection Bureau (the “CFPB”). The Federal Trade Commission (the “FTC”) has long been the federal enforcer of market advertising of finance and credit and Ohio has state laws that …
Report on Advertising Rules Change— New Reg N – Financing and Credit Advertising Read More
Celia Chen with Moody Analytics told attendees at the Manufactured Housing Institute’s (MHI) Congress and Expo that housing is and will improve, thus also boosting the U.S. economy. Chen said consumer and business confidence is up. Her facts and figures underscored what National Communities Council (NCC) Chairman, David Lentz, referred …
Housing Takes Off, says Moody’s Analytics Senior Director Read More
We offer a smorgasbord of free Industry News, Tips and Views Pros Can Use © resources that properly applied are proven they can grow your career and/or business. All of them have their own unique value. Attitude Let’s begin with a factor in all success that is too often overlooked. …
Free Manufactured Housing Industry Resources and Links Read More
The picture painted by Dr. Frank E. Nothaft to members of the Manufactured Housing Institute (MHI) at their February 2013 Legislative Conference and Winter Session would lead many to believe that the outlook for housing – and our industry – are both looking up. Let’s take a snapshot of some …
Ours is an amazing industry that ought to be holding its head high daily, one that deserves to see long lines of consumers, media and public officials knocking at our door, asking us to share more of what we do so well. No one can touch our entry level product …
This is as good a time as any for our industry to take the blinders off. Blinders may keep a horse ‘focused’ on the race by limiting their field of vision. But when it comes to blinders on people, we often need to see more, not less, to grasp our …
Professional interest by government officials, investors and professionals like yourself in manufactured and modular housing are hot topics today. How do we know? Every time you or anyone else visits a website, a digital impression is made that is recorded as a “visit,” “session” or similar term. While we don’t …
by L. A. ‘Tony’ Kovach “This was the best Louisville Show in 10 years.” So said Nathan Smith of SSK Communities, capturing the sentiments of well over a thousand attendees about the 2013 LouisvilleManufacturedHousingShow.com. Gary Boerner, a factory-built homes sales manager, said: “Norris Homes had not displayed at the Louisville …
by L. A. ‘Tony’ Kovach MHProNews has spoken with the Manufactured Housing Institute (MHI) President and CEO Richard “Dick” Jennison about the subject of a possible new industry association. When asked about MHI’s take on the matter, Jennison stated: “Once something is formalized regarding a possible new association, meaning the …
by L. A. ‘Tony’ Kovach “We provide, you decide” on the facts and analysis that follows about what many would deem thinly veiled threats. When a national trade association Senior Vice-President sends a message that CC’s it’s President and CEO, it is logical to presume that the CEO OK’d the …
by L. A. ‘Tony’ Kovach In 2011 and 2012, we have witnessed the strong rebirth of the Louisville Manufactured Housing Show following its cancellation in 2010. We have seen the Tunica Manufactured Housing Show continue to be the industry’s leading attraction, running ahead of the total attendance of the Louisville …
by L. A. ‘Tony’ Kovach Most manufactured housing professionals agree that finance and regulatory issues are at the heart of what our industry needs to continue our 13 month recovery in new home sales. We can tick off challenges from the SAFE Act, Dodd-Frank and the Consumer Financial Protection Bureau …
Achieving the 2013 Manufactured Housing Industry Breakthrough Read More
by L. A. ‘Tony’ Kovach In Canada and the U. S., energy has proved to be a driver of good jobs and factory-built housing. The headline statement is simple math. If Mitt Romney and Republicans win in November, OPEC loses. If Mitt and his Republican peers wins, manufactured, modular and …
If Mitt Wins, OPEC Loses and Factory Built Housing Wins Read More
by Eric Miller Rent control isn’t such a hot topic in California anymore, except when it comes to ‘mobile home’ and manufactured housing communities. That’s because most communities in the state don’t have vacancy control. When an apartment turns over, rents revert to a market rate. Manufactured home communities are …
