Bi-Monthly Updates and Industry Happenings from The World of Manufactured Housing
May/June Manufactured Housing Industry Happenings
Homeowners Buy Neighborhood
Residents at Mountainside Park, a 52-unit retirement community raised $1.9 million for the purchase of their Camden, Maine community. With real estate prices continuing to outpace wage growth in the state, manufactured home ownership remains one of the few affordable options for workforce and entry-level housing. ROC USA worked with homeowners and the community to facilitate the sale, turning the community into the state’s 10th resident-owned community.
Clayton Introduces Solar Panel Technology to Texas Homebuilding Facility
Clayton Homes, a Tennessee-based builder of site-built and off-site built homes, has installed a 200-kilowatt solar carport system at its Sulphur Springs, Texas, home building facility. Installed by Solar One, the new solar panel system will allow the company to offset 30 to 40% of the facility’s on-demand electricity use with renewable energy while providing shade for its team members’ vehicles.
Mobile Home Ordinance Amendment Passes
The Marshall Village Board unanimously approved an amendment to the local mobile home ordinance, allowing mobile homeowners to request exceptions to a rule that prohibits the relocation of buildings older than 20 years. Owners can move mobile homes to an existing mobile home community in Marshall, Wisc. However, Marshall’s only community is Evergreen Village. Under the rewritten ordinance, an exception process will allow the village to consider mobile home relocation requests on a case-by-case basis.
Lippert Components Completes Acquisition of CURT Group
LCI Industries announced that its wholly-owned subsidiary Lippert Components, Inc. has completed the previously announced acquisition of Curt Group for approximately $340 million. Headquartered in Eau Claire, Wisc., Curt is a leading manufacturer and distributor of branded aftermarket towing products and truck accessories. It maintains a product portfolio comprised of thousands of SKUs including hitches, towing electricals, ball mounts, and cargo management components.
Alaskan Town Moves to Embrace Tiny Homes
The Sitka Planning Commission voted 3-2 to change the general code to allow tiny houses and tiny houses on chassis in mobile home and manufactured home parks. The vote was the result of an action plan, first proposed in 2018, directing the commission to review zoning codes to see which ones could be changed to enable tiny homes as a potential affordable housing option.
Manufactured Housing Properties Inc. Acquires ARC
Manufactured Housing Properties Inc. acquired ARC manufactured housing communities in December 2019. The 187-pad property is located in Lexington, S.C. This was the company’s fifth 2019 acquisition. It owns and operates 1,134 lots across 18 manufactured housing communities and is actively seeking to expand its portfolio.
360 Risk Management Partners with Community Risk Solutions
360 Risk Management, Inc., a full-service commercial insurance agency in Northville, Mich., has formed a strategic partnership with Kristin Gargano and Community Risk Solutions of Commerce Township, Mich. CRS specializes in insurance and risk management programs and consulting services designed specifically for the manufactured housing industry.
Universal Forest Products, Inc. Now UFP Industries
Universal Forest Products, Inc. reorganized its operations and now operates as UFP Industries. Not just a forest products or wood company anymore, the company has evolved from a lumber wholesaler to a mixed materials manufacturer and solutions provider serving thousands of business customers. UFP Industries has approximately 170 locations and 14,000 employees around the world.
Orix USA Acquires Hunt Real Estate Capital
Orix Corporation USA, the U.S. and Latin America business hub for Tokyo-based Orix Corp., acquired Hunt Real Estate Capital, LLC, a subsidiary of Hunt Companies, Inc. Orix USA will combine Hunt Real Estate Capital with its two real estate capital brands, Lancaster Pollard and Red Capital Group, to form a full-service entity with the goal of emerging as a top-tier national commercial real estate lender.
Flagship Communities Acquires Southwood Pointe
Flagship Communities, an Erlanger, Ky.-based owner and developer of manufactured housing communities, has acquired its second community in Paducah, Ky. The community, Southwood Pointe, sits on 13 acres and its 75 home lots are currently 75% occupied.
JCF Housements to Expand in Fayetteville-Lincoln County
JCF Housements has selected Fayetteville-Lincoln County for its southern manufacturing facility. The company’s capital investment is estimated at $10 million and will create 250 jobs over the next 12 to 18 months. The company will operate from an 80,000-square-foot facility.
Klein Group Purchases Vancouver Island Community
Klein Group purchased a 23-pad mobile home park on Vancouver Island for $1.23 million. The sale price was $100,000 above the community’s assessed value.
K2 Partners with Homesite to Insure Manufactured Homes
K2 Insurance Services, a subsidiary of Aegis General Insurance Agency, has partnered with Homesite Underwriting Managers, the program business unit of Homesite Insurance Group. Bob Kimmel, president and CEO of K2, said Homesite’s record of success and innovative focus within the residential property market will allow Aegis General to continue its growth trajectory and industry-leading profitability within the manufactured home and affordable-housing insurance sectors.
Franconia Manufactured Home Park Purchased by Residents
Homeowners in Fox Hill Lane Mobile Home Park recently purchased their 39-unit manufactured home community, making it New Hampshire’s 132nd resident-owned community. Homeowners, backed by training and technical assistance from the New Hampshire Community Loan Fund, organized and formed Fox Hill Cooperative Inc. to facilitate the purchase. The cooperative negotiated with owner Joyce Fisher and reached an agreement on a $725,000 purchase price.
S2A Modular Seeks to Build Manufactured Housing Factories
S2A Modular, the creator of GreenLux luxury residences and commercial buildings, has launched a nationwide search for locations to build eight “mega factory” facilities that will drive positive economic impact for regions, cities, and municipalities. GreenLux homes come equipped with a rechargeable home battery system, patented graphene solar panels from FreeVolt Solar, smart appliances, and other cutting-edge components with a patented mobile app platform that controls the entire ecosystem.
Green Courte Partners Acquires Eleventh Land-Lease Community
Green Courte Partners, LLC has opened its fourth investment fund, Green Courte Real Estate Partners IV, LLC. The group also acquired its 11th land-lease community, Highland Manor, a 382-site all-age community located in Independence, Mo., approximately 13.5 miles east of Kansas City.
Woodland Park Planning Commission Discusses Zoning
The Woodland Park Planning Commission is discussing amendments to the zoning code regarding single-family uses in multifamily zones. Planning Director Sally Riley went over the proposed timeline for amending the code before a moratorium against these kinds of projects ends in mid-July. A final draft of the ordinance was set to be presented at a joint work session with the Woodland Park City Council. The draft ordinance aligns the definitions for “manufactured HUD homes,” “modular factory-built residential structures,” “mobile homes,” and “mobile home or manufactured HUD home parks” with Colorado definitions. It also adds definitions for “single-family dwelling or residence” and “recreational park trailers”.
Model Nearly Complete for Experimental Manufactured Home Project
A model manufactured home is in the works on Franklin Street in Danville, Va., as part of a project to offer affordable housing for homebuyers. Officials hope to build four more of the homes that would be moved to the neighborhood, with one constructed at the corner of Beauregard and Franklin streets and three more at Lee and Beauregard streets.
DuraLife Announces New Decking Program DuraLife, a leading manufacturer of composite decking and railing, now offers the DuraLife Custom Length Program for its deck boards. The program offers custom-length boards for all DuraLife decking and dock profiles and colors. DuraLife’s unique polypropylene capped composite outperforms other composite and PVC decking, and the Step-Clip® hidden fastening system reduces install time by up to 50%.
Industry Mourns Loss of Oregon, Idaho Tradesman
Nicholas “Nick” Eli Bunn II, 50, who worked in residential remodeling, including for manufactured homes, died Friday, Dec. 20, 2019, at Kaiser Permanente Westside Medical Center in Hillsboro, Ore. He suffered a stroke on Nov. 22, 2015, and his death was the result of a recent illness. Mr. Bunn was born July 31, 1969, in McMinnville, Ore., to David Bunn and Judy (Milton) Mather. He was known for a vibrant smile that captivated and endeared him to everyone he met.
Radco President Passes Away
Hala Jawad, Radco president and industry veteran, died on Dec. 31, 2019. Mrs. Jawad had been a valued part of the Radco team for 19 years, where she was promoted to president in 2017. She was recognized for her excellent work with the Department of Housing and Community Development and Radco’s manufacturers. She also was a contributing member of the CMHI Board of Directors.