In a press release, ECN Capital announced its intention to buy Triad Financial Services, the oldest manufactured housing lending operation in the United States. Per their release, Toronto based ECN will pay $100 million in cash (C$125M) for Triad. “In addition, ECN Capital has agreed to an incentive compensation plan …
Canadian ECN Capital Signs Agreement to Acquire Triad Financial Services, Inc. Read More
State associations, in places such as Ohio or Florida, have demonstrated their ability to work with resident/homeowner groups on a variety of issues. For example, Tim Williams and Andrea Reichman with the Ohio Manufactured Home Association collaborated with resident groups in their recent battle to save their state regulatory structure, …
Resident Homeowner Groups, Public Policy, Media, Manufactured Housing, Investors, and You Read More
In the latest in our Daily Business News periodic reports on problematic, or allegations of illegal behavior that occur in the industry, a Pennsylvania man who stole a manufactured home in a storage lot was sentenced last week. Robert D. Brown pleaded guilty to second-degree grand larceny, a felony, for …
The subject was hurricane recovery efforts. The market potential is in the billions of dollars. The Miami Herald and the Florida Keys News (Keynoter) both carried recent stories about the Plexos Group’s meeting with Marathon, FL county commissioners. “They [Plexos Group] just wanted to come in and show it off …
The factory-built home industry has struggled for over 40 years with nomenclature. Perhaps one of the better known “offenders” in MHVille – in the view of George Allen, or several other industry professionals – has been Frank Rolfe. Rolfe has commanded more mainstream media news stories that featured him and …
Frank Rolfe, Manufactured Home Community Pro – Shocking! Or Evolutionary? Video Read More
Governor John Bel Edwards and the Louisiana Economic Development (LED) office tell MHProNews that Champion Home Builders Executive Wade Lyall announced “the company plans a $1.3 million capital investment to build manufactured homes in Leesville,” LA. “Champion plans to create 200 new direct jobs with an average annual salary of $35,000, …
New HUD Code Manufactured Home Factory Opening, State Announces Hundreds of News Jobs Read More
After the results of the 2016 election became known, LifeStyle Factory Homes, LLC – the parent operation to MHProNews.com and MHLivingNews.com – undertook a series of what might best be termed experimental projects. One of those involved the following. We recruited an individual who said that they ‘wrote in’ Bernie …
“When communicating with prospects and buyers, you want to make them feel something, and then make them act on those emotions. This is key to success in sales,” per Sales Force Search. Making sales in any industry is a combination of art and science. Knowing the right thing to say, …
Sales Professionals, Management, Research Tips on Making the Sale Read More
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports’ are found further below, just beyond the Manufactured Housing Composite Value for today. The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader …
Retirees and those 50 or over make up about half of all manufactured home (MH) buyers, per sources such as Foremost Insurance’s MH industry research. So the security – or lack thereof – of pension funds could prove important – perhaps even critical – for the industry in markets where …
Is an Economic Crisis Looming for Seniors? Manufactured Housing Industry Impact? Read More
The Department of Housing and Urban Development (HUD) is preparing to publish a Notice of Proposed Rulemaking which would make updates to the Federal Manufactured Home Construction and Safety Standards, according to Occupational Health and Safety (OHS). They state that the proposed rules have been adopted at the recommendation of …
HUD Updates: Safety Precautions or Regulatory Overreach? Read More
With tens of thousands of households left homeless after Hurricane Harvey, the Federal Emergency Management Agency (FEMA), is preparing for what administrator Brock Long believes could be years of work to get people back into homes. As the Daily Business News (DBN) on MHProNews has previously reported, FEMA, the Department …
In recent years the cost of living has skyrocketed throughout the United States. Rising rents have contributed to the creation of over 8 million “worst-case” renters across the nation. The Daily Business News has reported on the rising cost of rent in the country. A map infographic created by How Much (below) …
Here are the Counties Where the Working Class Can’t Afford to Live in the U.S. Read More
“Offsite Manufactured Housing is an innovative, forward-looking and exciting way to close the gap,” said Nicky Gavron, author of the London Assembly report, per Construction Enquirer. Prefabricated housing is about to make a major comeback in London, England. A recent London Assembly report calls on Mayor Saqid Khan to encourage …
London Explores “PreFab Revolution,” and the U.S. Connection Read More
Sources in the Washington, D.C. metro area tell MHProNews that one of former Manufactured Housing Institute (MHI) Vice President Lois Starkey’s “pet interests” related to fire sprinklers and their use in manufactured homes. As the Daily Business News previously reported, Starkey left MHI with no official announcement. Just a few …
Lois Starkey, Pam Danner, Manufactured Housing Institute, Fire Sprinklers, MHARR Reacts Read More
The Department for Housing and Urban Development (HUD), has churned out more proposed new regulations for the manufactured housing industry, per a release from the Manufactured Housing Association for Regulatory Reform (MHARR). In just the last month the Daily Business News reported on proposed new regulations for installation standards, and …
HUD’s Over Regulation of Manufactured Housing, Industry, Consumer Impact Read More
“The state of Texas is about to undergo one of the largest recovery-housing missions that the nation has ever seen,” Federal Emergency Management Agency (FEMA) Administrator Brock Long said during a news conference Monday. “It’s a long process. Housing is going to be very frustrating in Texas. We have to set …
VP Mike Pence, Industry Voices Sound Off on Manufactured Housing Relief for Harvey Victims Read More
Some 70,000 Delawareans live in manufactured homes, per the Delaware Public. At least 10 percent of the housing stock in the state is manufactured housing. Many of the state’s factory built homes are older, and in need of repair. In Kent and Sussex counties, there are fewer people renting homes …
State Fund for Aging Factory Built Homes Available Read More
“Campaign for Accountability (“CfA”) seeks records from the Consumer Financial Protection Bureau (“CFPB”) regarding consumer complaints related to Clayton Homes,” said Daniel Stevens Executive Director of CfA. These are the first words in his letter to the Consumer Financial Protection Bureau. Stevens’ complete letter – linked here as a download …
“No one can solve the pain that these two families are experiencing right now,” San Jose Mayor Sam Liccardo said. “No family wants to experience this kind of loss, but it is so heartwarming to see so many families come out to support them emotionally and now financially to get …
Tragedy Strikes, Advantage Homes Donates Manufactured Home to Victims Read More
