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MARCH 2014 28 THE JOURNAL Industry News 2013 Industry Production Breaks 60,000-Home Barrier The Manufactured Housing Association for Regulatory Reform (MHARR) reports that ac- cording to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing production continued to grow during December 2013. Just-released statistics indicate that HUD Code manufacturers produced 3,985 homes in December 2013, an increase of 14.5% over the 3,480 homes produced during December 2012. Cumulative 2013 industry production thus totaled 60,228 homes, an in- crease of 9.7% over the 54,881 homes pro- duced in 2012. 2013 thus becomes the first year since 2008 that annual industry production has broken through the +/- 50,000-home level. Annual production statistics since 2008 are shown below: • 2008 – 81,457 homes • 2009 – 49,683 homes • 2010 – 50,056 homes • 2011 – 51,618 homes • 2012 – 54,881 homes • 2013 – 60,228 homes A further analysis of the official industry sta- tistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through December 2013 -- with cumulative shipment totals as in- dicated -- are: 1. Texas.................26,427 homes 2. Louisiana ............. 10,169 homes 3. Florida ................ 6,672 homes 4. North Carolina ......... 5,949 homes 5. Alabama .............. 5,787 homes 6. Kentucky .............. 5,261 homes 7. Mississippi ............. 5,208 homes 8. California ............. 4,290 homes 9. Tennessee ............. 4,227 homes 10. Oklahoma ............ 4,177 homes The latest information for December 2013 results in no changes from the November 2013 top ten list. The Manufac- tured Housing As- sociation for Regu- latory Reform is a W a s h i n g t o n , D.C.-based na- tional trade associ- ation representing the views and in- terests of inde- pendent producers of federally-regu- lated manufac- tured housing. Beech Street Ranks Among Fannie Mae's Top 5 DUS Lenders Beech Street Capital posted a fourth year of solid growth and performed well in year-end rankings, despite Fannie Mae's and Freddie Mac's mandated 10 percent reduction in mul- tifamily loan volume. Beech Street ended the year with a portfolio of 913 loans totaling almost $10.9 billion. For the third year in a row, Beech Street Capital, a Capital One company, placed among the top five lenders in the country on Fannie Mae's annual list of top multifamily loan origi- nators. Beech Street was the top producer for manufactured housing communities (MHC) in 2013. In the Freddie Mac' rankings, Beech Street continued to move up, placing sixth in the agency's list of top sellers nationwide for 2013. The firm's volume with Freddie rose 24 percent in 2013. Beech Street's results for the year also revealed its growing presence in FHA lending. The company's volume for 2013 was up 65 per- cent over 2012. "The constant that drove our success with Fannie, Freddie and FHA this year, as it has in the past, is the value we place on relation- ships," says Grace Huebscher, Beech Street's president. "We look for opportunities to build bridges to the agencies. And with every trans- action, we find ways to exceed the expectations of our borrowers." Huebscher believes that the company's agency relationships and its demon- strated commitment to going the extra mile for customers help to differentiate it from the com- petition, attract new business, and convert new clients into repeat customers. Now as a Capital One company, Huebscher foresees expanding those relationships even fur- ther. "We can now make other forms of fi- nancing available to our customers that complement our agency expertise," she says. "We're very excited about what we have to offer." Beech Street Capital, a Capital One com- pany, is a mortgage banking company engaged in originating, underwriting, closing, and serv- icing high-quality multifamily, manufactured housing, student housing, senior living prop- erties and long-term care facilities nationwide. Web site: www.beechstcap.com Quick, Neat, Inexpensive Permanent, Safe Flex-Mend, a mending product that matches the appearance and texture of bottom closure materials used by most manufacturers in the mobile home industry today. Flex-Mend LV D ZRYHQ SRO\HWK\OHQH ÀOP currently meeting all requirements for use as bottomboard by the mobile home indus- try. It has been solid-coated with specially formulated high tech adhesive, and has an easily removed paper release liner. It goes on like a band-aid! Revolutionary Flex-Mend Flex-Mend™ is now available in 28" wide by 25', 50' & 100' rolls (233 sq. ft.) or in convenient tape form 4" x 180 feet or 6" x 180 feet. For the name of your nearest distributor call 1-800-462-1775 *Free Shipping RQTXDOLÀHGRUGHUV ZZZÁH[PHQGFRP Please Recycle No. 14 on Get It Quick Page