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We here at the MHC weekend don’t like to highlight dumb articles covering mobile home parks. We let the links speak for themselves. Sometimes exceptions need to be made.
Exhibit 1: “Northfield mobile home residents say management is making new, unreasonable rules”. We knew it was a dumb, pointless article. But then the next three articles we read were the following and the irony smacked us across the face:
Hoping these highlights are few and far between. Let’s dive in…
What We Are Reading
St. Paul’s Rent-Control Backfire - Building permits fall, and so will the supply of affordable housing
Affordable housing can be built, but it can’t be mandated into existence. That’s the lesson from St. Paul, where a new rent-control ordinance has discouraged the construction of much-needed affordable apartments.
Inspire Communities upgrades manufactured home community near Baytown, building another at Lake Conroe
In another sign of a trend of new amenitized mobile home neighborhoods, a Phoenix-based developer of manufactured home communities has just upgraded an existing one in Beach City and started to build a new community by Lake Conroe.
In housing shortage, mobile home values soar - Washington state leads US with most expensive manufactured homes
Manufactured homes in the Contempo Spokane Mobile Home Park, on Spokane’s North Side, have sold for more than triple what they were bought for six years earlier.
Scholar series: addressing the housing challenge
Long ago—six or seven decades—a couple of young men from the Midwest dreamed of better ways of building homes. Growing up in the days of Levitton, Lustron, Aladdin and National Homes, they saw that existing housing methods were obsolete and the potential boundless. Each of obtained good educations; one in engineering and the other in design.
Relief Eludes Many Renters as Fed Raises Interest Rates
As the central bank sharply increases borrowing costs, it could lock would-be home buyers into rentals and keep a hot market under pressure.
Rents have been rising swiftly across America for much of the pandemic era, and housing experts are warning that they could now receive a boost from an unlikely source: the Federal Reserve.
Cost of leverage in a volatile rate environment
Along with a backdrop of rising interest rates over the course of the year, rate volatility has increased substantially. Treasury yields and swap rates at both the short and long end of the curve have exhibited significant variance in relatively short time periods (including overnight) as a result of market uncertainty around inflation and economic growth and the Fed’s policy decisions in response to these conditions. This has translated into greater interest rate risk on the cost of debt in the window between deal commitment and closing. This piece discusses this risk and how Chatham can assist commercial real estate (CRE) borrowers with managing it.
What Record Rent Growth Looks Like: Pawning Belongings, Going Hungry, Fearful Of Tomorrow
Ten years ago, living in the luxury condo she owned in Los Angeles, Barbara never pictured herself on the verge of homelessness. Today, the threat of eviction looms over her daily life.
Charts Making Us Smarter
Public Markets Corner
UMH Properties, INC. will host second quarter 2022 financial results webcast and conference call
UMH Properties, Inc. (:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its Second Quarter 2022 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, August 4, 2022, at 10:00 a.m. Eastern Time.
Ingenia Files Expansion Plans in Land Lease ‘Super Block’
Listed property giant Ingenia Communities Group has revealed plans to upsize its development within a “super block” of land lease communities north of Brisbane.
Recent Acquisitions
UMH PROPERTIES, INC. completes acquisition of Michigan Manufactured Home Community
Oak Wood Ventures is pleased to announce its latest investment, Shackleford Manufactured Housing Community.
Shade Tree Mobile Home Park sold for $2M, 41 sites
Two park portfolio located in Washington is now closed! The portfolio consists of two mobile home parks; totaling 194 lots.
21 unit mobile home park located in Burley, Idaho is now closed!
The NMHC Group of KW Commercial is pleased to announce the recent sale of a 275+ site portfolio in Fayetteville, North Carolina
BoaVida Acquisition Alert: Pollock Pines Mobile Home Park Located in Pollock Pines, California, 35-space park is nestled in the foothills of the gold country.
Deals We’re Reviewing
Price: $13,250,000 | TOH: 30 | Units: 235
What Else Are We Reading?
By putting partisanship aside, North Carolina ranks No. 1 in America’s Top States for Business, with the nation’s strongest economy
Always a contender in CNBC’s annual state competitiveness rankings, North Carolina finishes on top for the first time.
These are America’s 10 most expensive states to live in as inflation keeps rising
The cost of living is rising at a pace not seen in decades, but inflation varies from state to state.
Companies and families are more mobile than ever. Many are looking for more affordable locations.
These are America’s 10 cheapest states to live in as inflation surges
Inflation is almost impossible to escape nowadays, but some states are more affordable than others.
Working families are looking to live in places where they get more for their dollar.
Southington mobile home owners submit petition for rent commission
Some residents of a mobile home park off West Queen Street want the town to quickly create a fair rent commission in response to rising rents.
Affordable Housing Crisis Intensifies
ERC Communities today announced their Reg A investment round opening. They are breaking ground on their Zephyrhills location to begin development of a single-family home community.
Kalispell Council examines grant request
Two manufactured home communities are asking the City of Kalispell to serve as the host for a grant that could provide funds to help them connect to city infrastructure.
Letter: About the Dotsero Mobile Home Park sale
As an owner of mobile home parks, including one in Colorado, I continue to watch with dismay the mischaracterization of this housing option in the press and by demagogic politicians like Andrew Boesenecker.
Libby Creek community receives grant for water, sewer work
The Libby Creek community recently learned it received a $600,000 grant from the state to help pay for water and sewer projects.
Damaged sewer line above Nolan Creek could crack open
The sewer line that runs across Nolan Creek is seen Wednesday, Nov. 6, 2013, in Nolanville. A storm last month and a collision with an oak tree caused a crack in the concrete block that encases the sewer line, creating an emergency situation.
NY State’s Largest MHC Owner-Operator Is Thirsty for More
Cook Properties CEO Jeff Cook weighs in on the growth of this alternative asset class as he prepares to further expand his East Coast portfolio.
Video Gallery
Damaging MHP Misinformation: A Media Rebuttal with Daniel Weisfield | Watch Video ▶
Redwood City mobile home residents can't afford required maintenance | Watch Video ▶
Rents in US Rise at Fastest Pace Since 1986, Buoying Inflation | Watch Video ▶
Podcast Picks
Mobile Home Park Mastery. — Listen Now →
24 Mobile Home Parks in 2 Years with Charlotte Dunford. — Listen Now →
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