Issue link: https://read.dmtmag.com/i/100911
$500 rents, the ability to pay double-digit yields to capital are simple. While the single-family market is stuck in 5% returns to break even, manufactured homes can offer 10% and more and still be in the black. Run the numbers yourself and you���ll be shocked at how much you can pay out in returns to investors on the homes. All of these points are already known by more and more lenders We have been receiving many calls these days from various sources wanting to extend credit for the purchase of homes based on the same metrics I���ve outlined above. Of course, with over 7,500 lots, we are on most people���s radar screens. But like many things, once the system is perfected, it will be rolled out to all community owners. We are working on these initiatives with a vengeance for 2013. Conclusion Filling vacant lots has been the goal of every community owner for the past half a century. However, the timing has never been better. And the community owner that can think outside the box will be able to take advantage of new financial products that will make filling lots easier than ever before. We think this will be one of the big news stories for 2013 ��� and that���s a New Year���s prediction that we can all appreciate. T J Frank Rolfe has been a manufactured home community owner for almost two decades, and currently ranks as part of the 28th largest community owner in the United States, with almost 7,000 lots in 17 states in the Great Plains and Midwest. His books and courses on community acquisitions and management are the topselling ones in the industry. To learn more about Frank���s views on the manufactured home community industry visit www.MobileHomeUniversity.com. Production Decline Slows in October The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), the decline in manufactured housing production first observed during September 2012 continued into October 2012, albeit at a substantially slower rate. Just-released statistics for October 2012 indicate that HUD Code manufacturers produced 5,127 homes, a decrease of 5% from the 5,418 HUD Code homes produced during October 2011 -- but an increase of 734 homes over September 2012 production. September 2012 production, by contrast, had declined some 13% from production in September 2011. Cumulative 2012 industry production now totals 47,036 homes, still up more than 10% from the cumulative production of 42,488 homes during the same period in 2011. A further analysis of the official industry statistics shows that the top ten shipment states for the period of August 2011 through October 2012 -- with cumulative shipment totals as indicated -- are: 1. Texas .....................................12,902 homes 2. Louisiana ..................................5,306 homes 3. Florida ....................................3,222 homes 4. Alabama ...................................3,154 homes 5. North Carolina .............................3,014 homes 6. Kentucky ..................................2,794 homes 7. North Dakota ..............................2,681 homes 8. Mississippi ................................. 2,508 homes 9. Oklahoma.................................. 2,172 homes 10. Tennessee ................................ 2,160 homes The latest information for October 2012 results in two changes to the top ten shipment states, with Florida edging ahead of Alabama for third-place, while Oklahoma moves ahead of Tennessee into the ninth-place position. The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federallyregulated manufactured housing. Happy New Year! Reil Rock Seamless Rock Skirting System Now available in ��� Brown & Gray ��� 32", 36", 48" heights ��� easy installation Accessories include: Vent Inserts... that open & close Access Doors... adjustable heights Reil Rock ... "The Reil Thing" REIL ROCK PRODUCTS, INC. 11 Reil Rock Industrial Blvd. Pat. No. 4,944,124 Eufaula, OK 74432 800-242-3005 No. 12 on Get It Quick Page JANUARY 2013 21 Pat. No. 4,656,722 THE JOURNAL