Build Baby Build

The White House is looking to manufactured housing for cheaper construction and faster supply. But first, housing policies will have to change.

Author

Christopher Ebert
June 18, 2022

Good morning, grab a cup of coffee and let's jump right in…

We’re keeping things rolling at the MHC weekend - your source for up-to-date, relevant, manufactured housing news.

If you’ve got an important story you feel we missed, or want to send some feedback our way, you can always reach out via [email protected]

Enjoy!

What We Are Reading

What the New Housing Supply Action Plan Means for Manufactured Housing

Last week, we covered the Biden Administration’s plans to boost affordable housing nationwide. This new initiative will have a particularly heavy effect on the mobile and manufactured housing sector, as it is the most affordable option out there for most Americans. This week, MHN’s Lucia Morosanu looks at how President Biden’s approach will impact new MHC supply in this illuminating piece. She speaks with Marcus & Millichap Senior Vice President & National Director of Research and Advisory Services John Chang, as well as HARRI5 Founder & Principal Derek Harris about potential pitfalls and benefits offered by the policy change. Check it out on MHN, below.

Innovative Housing Showcase, a three-day festival on the National Mall highlighting new formats and frontiers for factories that make housing

The Future of Factory-Built Homes Hits the National Mall

The White House is looking to manufactured housing for cheaper construction and faster supply. But first, housing policies will have to change.

Mobile home rent increases skyrocketing as corporations take ownership

Rent is up 20% in many parts of the US, with urban, suburban, and rural residents all finding it difficult to afford a place to live. We’re looking at how these rent increases are affecting park owners, staff, residents, and investors, with a deep dive into the mobile and manufactured home space. Check it out on Fox Business News, below.

Public Markets Corner

Cavco Goes to Washington - Cavco Industries, Inc.

In collaboration with the Innovative Housing Showcase hosted by the U.S. Department of Housing and Urban Development (HUD), the Manufactured Housing Institute's (MHI's) "Homes on the Hill" advocacy initiative made an inspired return to Washington, D.C. from Tuesday, June 7 to Sunday, June 12, and Cavco was right there to support this important effort.

Sun Communities, Inc. Releases 2021 ESG Report

Sun Communities, Inc. (“Sun” or the “Company”) (NYSE: SUI), a Real Estate Investment Trust, recently released its Environmental, Social and Governance (“ESG”) report for 2021, which exhibited the implementation of numerous initiatives, policies and procedures across ESG.

Manufactured Housing Properties Appoints Financial Services Industry Veteran Bill Boscow as Executive Vice President, Capital Markets

Manufactured Housing Properties Inc. (OTC: MHPC), a leading owner and operator of manufactured housing communities, announced today that Bill Boscow has joined the firm as executive vice president, capital markets.

Recent Acquisitions

Colliers Brokers $6M MHC Sale in Illinois

Hilltop Mobile Home Community was almost fully occupied at the time of the sale.

A Colliers team has brokered the sale of Hilltop Mobile Home Community in Riverton, Il. The 103-lot property traded for $6.3 million, with public records showing that the seller was a local investor.

Deals We’re Reviewing

Property Type: Manufactured Housing | Property Size: 755 Sites

What Else Are We Reading?

Coxsackie, UMH settle 2018 lawsuit

Village Mayor Mark Evans announced Monday that the lawsuit filed by United Mobile Homes against the village of Coxsackie has been settled, clearing the way for the company to proceed with the project on Van Dyke Street and the Schoenborn property...

Seniors Call for Rent Stabilization Over Rising Mobile Home Costs

Some senior residents of mobile home parks pressured the city council June 7 to put limits on rent increases on the November ballot, saying many of the area’s parks are being purchased by investors who are hiking the rent for space by as much as 52 percent...

Dickerson Pike mobile home park move-out coming to a close

Developer plans 500-unit mixed-use project at the site. A monthslong transition at the Gatewood Community Trailer Park on Dickerson Pike in East Nashville is coming to a close...

Inside two Colorado mobile-home communities fighting to avoid corporate takeovers — with very different results

There’s a mobile home park in Fort Collins so old that its trees have grown tall — a community where residents stay long enough to upgrade their lots with fences, landscaping and a full slate of suburban amenities...

Real estate manufacturer bringing 200 jobs to Bay County

A new manufacturing operation is coming to Bay County.Resia is a Miami-based real estate manufacturer and developer on the ground floor of a new way to build high-quality multi-family housing...

Residents Protest Grand Canyon University's Plan to Evict Trailer Park

A group of protesters chanted as they marched to the front gates of Grand Canyon University, braving the sweltering heat, at times huddling in the shade. "Save our homes!" one sign read. "Grand Canyon University is leaving families homeless," was another...

Stranger pays year’s rent for disabled combat veteran who feared losing home

A disabled combat veteran and his wife are no longer living in fear of losing their home after a stranger paid their rent for an entire year... (Source: WXIX)

Turning up the heat

New federal standards aim to make manufactured homes more energy efficient.Angela Maria Ortiz Roa loves almost everything about her single-wide manufactured home in Boulder’s Mapleton Mobile Home Park...

Mobile homes have also been hit by Maine’s housing affordability crisis

A mobile home is pictured at the Houlton Mobile Home Park in Ju increase since the beginning of the pandemic, from a median selling cost of $28,000 to $108,500...

Desert Hot Springs Community Experiences Months of Power Outages

“It’s summer and we don’t know what we are going to do,” resident Maria Aguilar said...

Video Gallery

The Truth About Appalachian Trailer Parks | Watch Video ▶

The Fed should raise interest rates by a full point, says billionaire investor Sam Zell | Watch Video ▶

Developer to transform mobile home community in York County to ease affordable housing crisis | Watch Video ▶

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