Volume Buyers

Keeping you informed and updated!

Tiny House/ Park Model Trend

Tiny House/ Park Model Trend

Over the past couple of months I have noticed a growing trend with tiny houses.  Although I don’t think that all housing trends can translate into sales within our industry but I think that this trend might.  HGTV has several shows like “Small Space, Big Style” and shows about tiny houses from 110 sq. ft. up to 1,000 sq. ft.  They showcase homeowners that have made the most out of the limited space they have.   A growing number of people, whether young or older, are starting to appreciate the smaller living space.  Here are some stats I found:

–  68% of tiny house people have no mortgage compared to 29.3% of all U.S homeowners

–  55% of tiny house people have more savings than the average American, with a median of $10,972 in the bank

–  The average tiny house is 186 sq. ft. while the standard U.S home takes up nearly 2,100 sq. ft. That adds up to nearly 11.3 tiny houses!

–  Approximately 2 out of 5 tiny house owners are over 50 years of age

–  More women own tiny houses than men

These stats were taken from The Tiny Life.  The site offers an explanation of what the “Tiny House Movement” means and links to other “tiny house” blogs & websites.

Our industry offers park models as a version of “tiny houses” that we can sell!  I attended Titan & Commodore fall shows several weeks ago.   Both of the plants had a park model on display and they were perfect examples of how organized and efficient “tiny houses” can be.  I did some research on Athens Park Homes and Cavco Park Models & Cabins.  Both brands offer many different floor plans and options which include porch models, front kitchens, movable islands, wood interior accents, log siding etc.  Titan offers two complete series of Athens Park Homes and Cavco also offers two different series.  If you have time please check out their websites.  Click here for Athens Park Homes & click here for Cavco Park Models & Cabins.

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October 2, 2014 Posted by | General Information | , , , , , , , , , , , , | Leave a comment

Baby Boomers

A Baby Boomer is someone who was born between 1946 to 1964.  To date, there are roughly 76 million boomers which is equivalent to 1 in 4 Americans. Boomers have very strong buying power and could really sway the housing market, because of their large buying power.  Kathleen Howley wrote an article for the Bloomberg (click here for the full story) discussing the record sales the housing industry is seeing.  Although this article features stick built homes in Oregon & Utah, this could directly affect our industry.   A majority of these boomers bought homes during the 80’s and 90’s, and with the price of real estate constantly growing, this has left them with a great return on their investment.  Boomers would rather pay cash for a home then be bogged down by a mortgage.

The Manufactured & Modular industry would be ideal for Baby boomers who are looking for custom homes at an affordable price.  We offer a way for them to uniquely design the floor plan and features that they want in their home.  I refer back to the presentation that Chris Nicely discussed with us at our last meeting.  Our industry can offer wide hallways, 360 degree bathrooms, smooth transition flooring, no step showers, grab bars, 36″ doors and no low or high appliances.  Even if boomers are up to date with all the technology today, they still want to touch and feel the product they are going to buy. It’s important to show these features in some of your display homes.  Don’t forget to display brand names!  Boomers still want luxurious products and rely on known brands; this also includes “Made in America.”  Here are four points to consider attracting baby boomers – capitalizing on nostalgia, avoiding stereotypes, emphasizing the product’s benefits, and considering product features that will make Manufactured & Modular homes the smart choice!

June 5, 2014 Posted by | General Information | , , , , , , | Leave a comment

2014 National Industry Awards

The 2014 National Industry Awards were presented to the recipients at an awards luncheon on April 30th at the National Congress & Expo for Manufactured and Modular Housing. 

“These award winners are leading the way in providing outstanding products, value, customer service, creative solutions and state of the art homes that today’s homebuyers desire. They are being recognized today for their leadership, vision and dedication in enhancing and moving the manufactured and modular housing industries forward,” said MHI President & CEO Richard Jennison.

LAND-LEASE COMMUNITY OF THE YEAR AWARDS
(Northeast/Mid-Atlantic) – The Fairways at Mays Landing, Mays Landing, NJ
(South) – Schalamar Creek Golf & Country Club, Lakeland, FL
(Midwest) – WeatherStone Village, Kalamazoo, MI
(West) – Prairie Greens, Frederick, CO

RETAIL SALES CENTER OF THE YEAR AWARDS
(Northeast/Mid-Atlantic) – Oakwood Homes, Glen Allen, VA
(South) – Synergy Homes, Statesville, NC
(Midwest) – Clayton Homes, Georgetown, KY
(West) – Advantage Homes, San Jose, CA

DESIGN AWARDS
Manufactured Home Design
-New Single-Section Manufactured Home Design (Production) – Cavco/Durango “Superstition Views”
-New Manufactured Home Design – 1800 SF or Less (Production) – CMH Manufacturing, Sacramento “Balboa Island 2440 Jade”
-New Manufactured Home Design – Over 1800 SF (Production) – CMH Manufacturing, Sacramento “Balboa Island 3005 Sapphire”
-New Single Section Manufactured Housing Design (Concept) – Fleetwood Homes, Inc. “Eagle 18662R”

Modular Design
-New Modular Home Design – 2200 SF or Less (Production) – R-Anell Housing Group, LLC “Extreme Value Series Model 850 – Wrap Porch”
-New Modular Home Design – Over 2200 SF (Production) – CMH Manufacturing, Sacramento “Gray’s Crossing”
-New Modular Multifamily or Duplex Design (Production) – Clayton Commercial Buildings “Hempstead Lofts”
-New Modular Home Design – 2200 SF or Less (Concept) – CMH Manufacturing, Sacramento “The Palo Alto”
-New Modular Home Design – Over 2200 SF (Concept) – CMH Manufacturing, Sacramento “New Vine Homes”
-New Manufactured Home Design – 1800 SF or Less (Concept) – CMH Manufacturing, Sacramento “Hedgehouse”
-New Manufactured Home Design – Over 1800 SF (Concept) – Fleetwood Homes, Inc. “Metropolitan 30603M”

NATIONAL AWARDS

Manufacturer of the Year – Cavco Industries, Inc., Phoenix, AZ
National Lender of the Year – 21st Mortgage Corporation, Knoxville, TN
Regional Lender of the Year – CU Factory Built Lending, San Antonio, TX
Floor Plan Lender of the Year – 21st Mortgage Corporation, Knoxville, TN
Manufactured Home Community Operator of the Year – YES! Communities, Denver, CO
Manufactured Home Community Lender of the Year – Wells Fargo Multifamily Capital, Carlsbad, CA
Manufactured Home Community Broker of the Year – ARA National MHC Group, Denver, CO
Supplier of the Year – Style Crest, Inc., Fremont, OH

For information about entering the 2015 National Industry Awards competition or about this year’s awards, contact Cheryl Berard at 703-558-0668 or via e-mail at cheryl@mfghome.org.

 

 

May 1, 2014 Posted by | Uncategorized | , , , , , , , , , , , , , , , , | Leave a comment

2014 National Congress & Expo for Manufactured & Modular Housing

The 2014 Congress & Expo will be held on April 29 – May 1, 2014 at Caesars Palace in Las Vegas. Exhibitors include mortgage lenders, insurance services, and appraisal services. Don’t miss out on seeing 21st Mortgage, Champion Home Builders, Clayton Homes, CU Factory Built Lending, GE Capital Real Estate, Keystone Commercial Capital, Triad Financial Services, U.S Bank and Wells Fargo. Attendees will be able to partake in top quality educational programs, networking events and listen to keynote speakers.    Attendees also won’t want to miss the highly acclaimed annual NCC Spring Forum presented by the MHI National Communities Council.  Click here to register!

March 18, 2014 Posted by | Uncategorized | , , , , , , , , , , , , | Leave a comment

Congress Passed Extension Package to Avoid the “Fiscal Cliff” – Including…

 …Extension of Tax Credit for Energy Star Manufactured and Modular Homes

Congress approved legislation or the H.R. 8, the “American Taxpayer Relief Act of 2012” on January 1st, 2013.  The legislation averted the “fiscal cliff” which extended a number of expiring tax provisions.

“Highlights of the “American Taxpayer Relief Act” include a permanent extension of the 2001 and 2003 (“Bush”) tax cuts, at least for taxpayers with incomes below certain thresholds, changes in basic tax rate structure, and extension of the capital gains tax rate structure. The estate and gift tax rules applicable in 2012 were also made permanent, and estates worth up to $5 million ($10 million for married couples) will go untaxed. In addition, a provision tying the exemption to inflation increases the estate tax exemption to estates worth $15 million for married couples by 2020.”

The “ATM patch” or the alternative minimum tax exemption amount was extended by H.R. 8 which expired at the end of 2011.  It also temporarily extended numerous American Recovery and Reinvestment Act provisions. Other provisions that will now expire at the end of 2013:

• Research and experimentation tax credit (extension and modification)

• Provisions directed at individuals

• Deduction for certain expenses of elementary and secondary school teachers

• Parity for exclusion for employer-provided mass transit and parking benefits

• Deduction for mortgage insurance

“Included in these extended tax provisions, in a significant victory for the factory-built housing industry, was the New Energy Efficient Home Credit (I.R.C. 45L) through December 31, 2013. This credit, which had expired at the end of 2011, provides builders of Energy Star-qualified manufactured homes with a tax credit of $1,000 (per home) and builders of modular homes with a credit of $2,000 (per home).” (MHI, 2013)

January 10, 2013 Posted by | Legislation | , , , , , , , , , , , , , | Leave a comment

Modular Homes…Green Homes?

A lot of people are becoming increasingly concerned about their futures, and therefore are living greener more and more often these days.  Have you done anything in the past few years to make your life a little greener?  How about purchase a a more energy-efficient refrigerator or a water-conserving hot water tank?  But have you purchased a modular home recently because some experts consider it a greener alternative to a “stick built” home?

Modular home construction made up approximately five percent of new home construction in 2010.  Some experts say that modular homes make sense for a sustainable lifestyle.  The prefabricated homes “are inherently more sustainable than their site-built counterparts.  Because modular construction facilities typically use leftover resources for other purposes, the homes cost five percent to twenty percent less then the comparable.”

The Modular home companies therefore use those savings to pass onto energy-saving and water-conserving products for the home.  There are also many additional sustainable features to a modular home (if requested) including bamboo flooring, low-flow faucets and energy-efficient heating and cooling units.  The size of the home (modulars have an overall tendency to be smaller then their “stick-built” comparison homes) which is a fantastic selling feature of any green home.

So Modular = Greener….what do you think?

April 19, 2012 Posted by | General Information | , , , , , , | 1 Comment

ENERGY STAR Program for Modular Homes

The ENERGY STAR Program for Modular Homes has been in the news lately and leaving most people confused.  The EPA is introducing a new version of the program requirements.

Here are the important take-aways you should be aware of with this program:

  • ENERGY STAR modular home ordered from  modular builder or homebuyer between 10/1/2011 and 06/30/2012 must comply with Version 2.5 requirements
  • Modular homes with an order date on or after 7/1/2012 must comply with the ENERGY STAR guidelines Version 3
  • Homes with sales orders placed prior to 10/1/2011 can still comply with Version 2
  • The guidelines for Version 3 can be found here

There is still some debate of when Version 3 will be completely implemented for modular homes but the fluctuation should be resolved in the next few months.

October 13, 2011 Posted by | General Information | , , , , , , , | Leave a comment