(April) MHShipment Volume Slides & (June) Stock Prices Climb!
Blog # 588 @ 5 June 2020; Copyright 2020. Educatemhc.com
Perspective. ‘Land lease communities, previously manufactured home communities, and earlier, ‘mobile home parks’, comprise the real estate component of manufactured housing.’
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INTRODUCTION: MHShipment Volume (+) LLCommunity Portfolio Stock Prices go different directions; ‘Smitty Alpha 6’ reappears after 52 years; and, Hint of a Very Special Happening!
I.
(April) MHShipment Volume Slides
&
(June) Stock Prices Climb!
MUST READ!
EducateMHC’s ‘MHShipment Volume for April 2020 (+) Stock Market Report’ for 3 June 2020’
This seminal report available to subscribers to the PRIME edition of The Allen Confidential! business newsletter, available via www.educatemhc.com
What’s going on? First, quotes from a national ‘Market Report on the Manufacturing Economy’, then select news tidbits from the aforementioned ‘MHShipment Volume (+) Stock Market Report’.
“Economic activity in the manufacturing sector contracted in April after 131 consecutive months of expansion, say the nation’s supply executives in the latest ‘Manufacturing ISM Report on Business’. The report was issued on 1 May 2020. Data was obtained from a survey of manufacturing supply executives based on information they have collected within their respective organizations. “The April PMI (a composite index based on five sub-indexes) registered 41.5 percent, down 8.6 percent points from the March reading of 49.1 percent.”
A PMI reading above 50 percent indicates the manufacturing economy is expanding, and below 50 percent, that it is contracting.
IN the meantime, what’s going on with HUD-Code manufactured housing and communities?
According to the two-pronged report referenced in this blog posting (#588), new housing shipments volume was down to only 6,639 units, from 8, 338 the month before! Given the coronavirus nationwide lockdown, this was not unexpected. What can we expect for the end of May? With across the board, among all eight public MH & LLCommunity portfolio firms, increases in stock prices on 3 June 2020; well, the 30 day lag in statistical reporting should serve our industry and realty asset class well! But you really need to see, read, and ponder the details in the report proper.
Never before have manufactured housing and land lease community portfolios enjoyed the advantages of this production and investment performance-tracking tool!
II.
‘Smitty Alpha 6!’
How many of you were ‘around & about’ in the MHBusiness during 1988 when we self-published Mobile Home Park Management – the first such book on that specialized topic in 20 years? You likely know, it’s now co-authored with Erin Smith, MHM, & Susan McCarty, MHM, and has been retitled: Community Management in the Manufactured Housing Industry. It is the only professional property management book marketed by the Institute of Property Management (‘IREM’), and is the core text of the highly popular Manufactured Housing Manager (‘MHM”) certification program. To purchase the book and take the one day MHM class, visit www.educatemhc.com
But more to the point, of this second part of the blog posting, how many of you recall the J. Wiley & Sons tomes in 1994 & 1996 respectively: Development, Marketing & Operation of Manufactured Home Communities, and How to Find, Buy, Manage & Sell a Manufactured Home Community ? Well, it took me several years, with the help of dozens of industry pros, to put those two case bound textbooks together. Well, I’m now going through a similar lengthy and intense exercise, but this time alone, pulling together Smitty Alpha 6 Huh? You read that right. Anyone care to guess the meaning behind that ‘working’ title for my autobiography?
‘Smitty Alpha 6’, frankly, is the tactical radio call sign I was given when commanding officer of Company A, 3rd Shore Party Battalion, 3rd MARDIV, in the Republic of Vietnam, during late 1968 and early 1969. And so, just for the heck of it, I’ve attached it to the now burgeoning manuscript covering my boyhood years in southern New Jersey, on through college years and beyond, with ‘Lynn’ (you know her as Carolyn), and soon, daughter Susan. The ‘Vietnam Years’ chapter has provided a long awaited opportunity to share true stories, long repressed in some instances, too raw to pen 52 years ago, with family and friends.
In any event, no firm target publication date. While most of the writing is done, I’m now deep into content editing, soon to add photographs to each chapter. Here’s a ‘visual’ for you. Know how we used to med-evac our, wounded from deep in jungle canopy? Have a Huey helicopter, hover above the treetops; drop a long (150+ foot) rope, with a triangular piece of plywood as seat at the end, down to through the trees to the ground. Then we’d seat the disabled Marine on the triangle; secure him with a web belt under his armpits, looped around the rope. Up he’d go, to be flown, dangling under the chopper, for maybe 20 miles, to nearest hospital or ship, for treatment. That’s one of dozens of interesting photos I’d like to include in this book.
There will be formal announcement when the autobiography is available for purchase. In the meantime, if you want your name placed on a ‘first notice’ list of potential book buyers, let me know via gfa7156@aol.com. There’ll likely be a significant discount for being among the first to order it.
III.
Date Change & Hint of a Special Happening…
OK, OK, we’ve acquiesced (‘yielded’) to coronavirus pandemic pressure to reschedule the 29th annual Networking Roundtable! New dates are 7-9 July 2021, at the original facility, the Marriott Hotel in downtown Nashville, TN. Details to follow…
A VERY SPECIAL HAPPENING? Yep, but no details here, other than this hint: Wouldn’t you like to attend an event where something occurs that’s never taken place before in the manufactured housing industry and among land lease community portfolio owners/operators? That’s the best I can do for you here, at this time. But that’s what we’re planning, i.e. ‘To knock your socks off’, so to speak.
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George Allen, CPM, MHM