Industry
Update Follow Up - April 26, 2006
First, a correction from our April 24, 2006 update.
I incorrectly identified former General
Electric CEO Jack Welch as Jack Wells.
Having read his book and with a brother who has
been with GE for 25 years, the error is unforgivable.
Thank you, Pete Bleth, for pointing out the mistake.
Recapping more news from the Congress & Expo,
many national awards were presented, most notably
was Palm Harbor being named Manufacturer
of the Year! Palm Harbor also received
two design awards during the ceremony held Wednesday
April 19, 2006 at the Paris Hotel in Las Vegas.
Our congratulations to this innovative, vertically
integrated company that is designing and building
some outstanding looking manufactured and modular
homes.
Other awards include recognizing Kevin
Clayton as Industry Person of the Year,
21st Mortgage as Floor Plan Lender
and National Lender of the Year, Triad
Financial Services as Regional Lender
of the Year and Hometown America tied
with SSK Communities as Manufactured
Home Community Operator of the Year.
Troy Brost, co-owner of Songbrook
in Eugene, Oregon with wife Cheryl Brost, conducted
an age-restricted case study on their award winning
land-lease community at the National Resident
Relations Forum preceding the Congress & Expo.
It was an outstanding presentation that shared
with others why Songbrook is among the finest
manufactured home communities in America.
If you haven’t contacted your Senator or
Congressman to voice your support for FHA Title
1 reform, please do so. You can use the
following statement, courtesy of Mr. Brost:
I ask you to co-sponsor S.2123, "A
bill to modernize the manufactured housing loan
insurance program under Title 1 of the National
Housing Act".
Your support will raise loan limits and annually
index them for inflation; ultimately leading to
greater competition, lower interest rates, and
more plentiful financing for moderate income homebuyers
looking to purchase affordable housing.
Thank you.
Greg
Harmon - President
Commonwealth Real Estate Services
E-mail: greg@cwres.com
Telephone 503.244.2300 Ext. 101