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Celebrating 50 Years in the Business

UMH Properties, Inc. – 50 Years in the Business
 
Happy 50th Birthday to UMH Properties, Inc.!
 
UMH Properties, Inc. is proud to announce its 50th year of business. What started as United Mobile Homes, Inc. in 1968, is now a publicly traded company known as UMH Properties, Inc. Operating in eight states throughout the northeast, UMH communities can be found in Indiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, and Tennessee. UMH Properties, Inc. is a real estate investment trust (REIT) with a vast experience in developing, managing, and expanding manufactured housing communities. It is because of this experience that UMH is able to provide top of the line communities that are affordable, clean, and safe – a combination residents can be proud of. This experience has stemmed from 50 years of becoming a leader in the manufactured housing community industry.
 
 UMH Properties, Inc. through the years:
1968 – Eugene Landy founds United Mobile Homes, Inc.
1976 – HUD Code is enacted, ending the Mobile Home Era and federally regulating the construction quality of homes.
1980 – Congress officially adopts the term “manufactured housing”, making it clear that pre-built homes are not mobile, but are strictly-built, quality homes.
1985 – UMH begins operating as a publicly traded company, with only 13 communities consisting of 2,675 home sites.
1992 – UMH elects real estate investment trust (REIT) status.
1995 – Samuel A. Landy is named President and Chief Executive Officer.
2001 – UMH Sales and Finance, Inc. commences, allowing UMH to sell quality homes and provide financing to prospective residents.
2006 – Corporate name changes from United Mobile Homes, Inc. to UMH properties, Inc.
2017 – UMH Properties, Inc. owns and operates 107 communities, consisting of 19,400 home sites, as well as 810 acres of land for the development of new sites.
 
During the last 50 years, UMH has seen the ups and downs of the housing market, economy, and regulations imposed on the industry. Yet, 50 years later the company stands stronger than ever, with a history of delivering affordable housing. It’s impossible to predict how the manufactured housing industry will change over the next 50 years, but one thing’s for certain…UMH will be leading the way. Thank you for supporting us during this wonderful journey.
 
If you are interested in purchasing a new home, please contact us at 1-800- 504-0670. To apply for residency, please fill out these forms – http://www.umh.com/content/residency-application
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Port Royal Village chosen as Land-Lease Community of the Year

Port Royal Village chosen as Land-Lease Community of the Year

 

UMH Properties, Inc. is proud to announce the Port Royal Village community has been awarded the 2017 Land-Lease Community of the Year by the Manufactured Housing Institute. UMH Properties, Inc. CEO, Sam Landy, accepted the award at the 2017 National Congress & Expo in Las Vegas, NV on May 3, 2017.

 

In the Area

Nestled in the suburbs of Pittsburgh, Belle Vernon is a beautiful town situated on the Monongahela River in Pennsylvania. This region has a lot to offer, as it is surrounded by various shopping, dining, and entertainment options as well as parks, libraries, and recreation areas. Take the kids to Idle Wild Soak & Soak Zone for a fun afternoon or spend a weekend canoeing along the Youghiogheny River. Find more recommended activities in the Belle Vernon area at UMH.com. http://www.umh.com/community/port-royal-village

 

About Port Royal Village

Port Royal Village features three-bedroom, two-bathroom homes with modern and spacious floor-plans, name brand appliances, and plenty of storage space. Enjoy plenty of natural light while eating breakfast at your two-level island. Many homes have decks, covered front porches, storage sheds, and two-car driveways. This community has a pool to swim in during the summer, a community clubhouse for activities, and a playground and basketball court that many of our residents enjoy year-round.

 

Never fret with 24-hour on-site management and maintenance. If a problem arises or you need assistance with your home or lot, we are right there to help. You’ll be proud to call Port Royal Village your home.

 

 

About Manufactured Housing Institute (MHI)

“The Manufactured Housing Institute is the only national trade organization representing the factory-built housing industry. Its members come from all sectors of the manufactured and modular housing industries and include builders, lenders, home retailers, community owners and managers, suppliers, more than 50 affiliated state organizations and others associated with the industry.” – MHI

 

If you are interested in viewing this community and its properties, please contact us at (724) 929-4224 or pasales@umh.com. To apply for residency, please fill out these forms – http://www.umh.com/content/residency-application) and return.

 

Model Hours: Monday-Friday 9am – 5pm, Saturday 10am – 3pm

Address 485 Patterson Lane, Belle Vernon, PA 15012

 
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Open House in Greenfield Center, New York

 

 

Visit us at our Brookview Village Expansion Grand Opening in Greenfield Center, New York from June 2-3. UMH Properties is showcasing 4 brand new manufactured homes with homes for rent and sale. There are 64 home lots available. Enjoy free food and giveaways on Saturday, June 3rd. Financing is available for qualified buyers.

 

Open House times and dates are:

Friday, June 2nd: 10am – 4pm

Saturday, June 3rd: 10am – 4pm

 

Event Promotions:

1. Free Smart Home Package upgrade – for anyone who custom orders a home within a month of the open house will receive a free Smart Home Package upgrade.

2. Free Gas Grill with the Purchase of a Model – anyone who purchases a model home will receive a brand new gas grill with their purchase.

 

Greenfield Center is located near Lake George and Saratoga Horse Track, making it the perfect place for a dreamy vacation home. Enjoy stunning views of the Adirondack Mountains and a short drive to the New York state capital of Albany. This hospitable area has a great selection of entertainment, dining, and shopping options.

 

These three-bedroom, two-bathroom homes have spacious floorplans that fit your modern lifestyle. Brookview Village has a 24/7 on-site manager for worry-free living with quick maintenance responses.

 

Why Manufactured Home and Mobile Homes Aren’t the Same

While some people believe that manufactured homes and mobile homes are similar, they’re very different structures. The homes at Brookview Village are constructed to regional standards that offer strict guidelines on roof loads, overall durability, and efficiency requirements. They are constructed in a modern facility and then pieced together on site. Mobile homes have not been constructed since the mid-1970s.  

 

For more information, contact us at:

2025 Route 9 N, Greenfield Center, 12833

M-F 9:00 – 5:00

518-893-2989

brookviewvillage1@gmail.com or wecanhelp@umh.com

 

UMH Sales and Finance, Inc., Licensed by the New York Department of Financial Services NMLS # 200331

 
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Community Open House Near Elkhart, Indiana

Join us for a fun-filled weekend as we celebrate our Grand Re-Opening of Parke Place in Elkhart, Indiana on May 19th and 20th. Now under NEW ownership, UMH Properties, Inc. will be showcasing a new and improved community with homes for rent and sale. Enjoy free food, giveaways, and a kid zone with games and entertainment for the little ones. Financing is available for qualified buyers.

 

UMH Properties, Inc. offers a hassle free buying experience, come find the home of your dreams at a price you can afford.

 

Open House times and dates are:

Friday, May 19th: 10am – 4pm

Saturday, May 20th: 10am – 4pm

 

Event Promotions:

1. Free Smart Home Package upgrade – for anyone who custom orders a UMH home within a month of the open house will receive a free Smart Home Package upgrade that includes: Google Wi-Fi, Chromecast, Nest Thermostat and Google Home.

2. Free Gas Grill with the Purchase of a Model – anyone who purchases a model home will receive a brand new gas grill with their purchase.

 

Not too big. Not too small. Elkhart is a welcoming city just 30 minutes from Notre Dame and all that South Bend offers. A community with many wonderful nearby attractions including; museums, sporting events, casinos, and golfing nearby there is always an option for you. This region is known for the beautiful parks and recreation areas, where you can hike, bike, fish, and hunt. Our residents love living in an area where there is so much to do.

 

The Parke Place community features three-bedroom, two-bathroom homes with a modern, spacious floorplan. Enjoy large kitchens with value-added amenities, such as full kitchen appliance packages and ample storage space.

 

Why Manufactured Home and Mobile Homes Aren’t the Same

While some people believe that manufactured homes and mobile homes are similar, they’re very different structures. The homes at Parke Place are constructed to regional standards that offer strict guidelines on roof loads, overall durability, and efficiency requirements. They are constructed in a modern facility and then pieced together on site. Mobile homes have not been constructed since the mid-1970s.  

 

For more information, contact us at:

2231 Osolo Road, Elkhart, 46514

M-F 9:00 – 5:00

574-266-0825

Contact email for Parke Place is: shana-ppe@outlook.com

General email is: wecanhelp@umh.com

 

UMH Sales and Finance, Inc., Licensed by the Indiana Department of Financial Institutions NMLS # 200331

 
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Springtime: The Best Time for Renters to Become Homeowners

According to a 2016 Trulia poll, nearly a third of millennials who plan to buy a home may be doing so by 2018. Spring is a popular time for selling and buying a home, and we expect that many people—of all generations— will be looking for private, single-family houses.

 

If you’re thinking about buying a home, you may want to consider buying in the spring. Usually, the spring buying season starts in earnest for home sellers, who may have been contemplating selling their home since the summer or fall. Families tend to move before the beginning of the next school year, and many sellers recognize that this the perfect time to put their homes on the market. Once they start the process of listing their home, it may be April or May.   

 

How Should You Prepare to Buy a Home?

Most people don’t consider home ownership without first making some important decisions.

·         Determine your budget

·         Prepare for the mortgage process

·         Have financial paperwork ready

·         Think about the down payment

·         Consider the school district

·         Tour the town

·         Time your commute

·         Start packing

 

Once you are ready to buy a home, it’s time to decide where you should move.

 

Benefits of Buying a Manufactured Home

Many renters think about home ownership in the spring, but may be worried that they won’t be able to afford a home in a great school district, that’s close to where they work, and has shopping and entertainment nearby.

 

Manufactured home communities across the country offer affordable, three-bedroom, two-bathroom houses that make renters’ home ownership dreams achievable.  They feature:

 

·         An Affordable Lifestyle. Imagine buying a home that is as spacious and modern as site-built homes just down the street. Manufactured homes deliver on their promise of reasonable prices in areas with plenty to do. They are spacious, with large kitchens, master bedrooms, and master baths.

·         Attractive Locations. Many communities are close to cities, but have a country-like atmosphere. Residents enjoy a quick commute to work and the many dining, shopping, and activities that are nearby.

·         Professional Staff. Communities offer 24/7 maintenance service and take care of the grounds year-round. Plus, on-site managers ensure that residents have everything they need. 

 

UMH Affordable Manufactured Home

If you’re thinking of buying a home, but you want affordable options, UMH properties owns more than 100 manufactured home communities in seven states throughout the northeastern United States. Visit our website today at www.umh.com to search our properties and find your dream home.

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Younger Buyers Priced Out of the Home Market Choose Manufactured Homes

The housing market hasn’t been kind to young, new-home buyers for more than a decade.

At this point, housing is the largest part of family expenses, while health care costs continue to climb. Any money that’s saved on food, clothing, and transportation has been offset by both mortgage and rent.

New homes aren’t being built at the same rate as in the past, and limited inventory of single-family homes means higher prices. Apartment construction has slowed down, and disinterested real estate investors have turned to developing high-rent space in many cities, meaning that fewer apartment buildings are available. If you can’t purchase housing or rent a home or apartment because of the expense, where do you turn?

Manufactured Homes Put Buyers in Control of Their Housing Budget

Potential buyers have the option of purchasing a manufactured home in an area with great school districts, plenty of shopping, entertainment and outdoor recreation, and in close proximity to cities where jobs are plentiful. 

·         Affordable Housing for Everyone. Three-bedroom, two-bathroom manufactured homes, regardless of where they are located, are about 50-60% less than comparable homes in the same area. Also, many communities use a land-lease structure to keep payments even lower. Instead of paying for the property that the home is on, homeowners instead simply rent the land for a low price.

·         Low-Down Payment. Financing for manufactured homes is usually prepared through government-backed loans programs like Fannie Mae or Freddie Mac. Since the price of these homes is so reasonable, the down payment is also low. You don’t have to worry about a sky-high payment requirement when you purchase your manufactured home.   

·         Sought-After Regions, Large Homes. Most Americans move to the suburbs and choose to do so because they love being somewhat close to an urban area while living in a less expensive region. Most manufactured home communities are located near cities that provide good jobs, entertainment, shopping, and special events, but the setting is low-key and tranquil.

UMH Manufactured Homes

It is possible to buy a home without your mortgage payment squeezing half of your budget. Manufactured homes offer homeowners the same benefits as site-built homes, but without the financial issues that today’s real estate industry has produced.

UMH properties owns more than 100 manufactured home communities in seven states throughout the northeastern United States. If you are looking for spacious, affordable homes in great areas, visit our website today at www.umh.com. 

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Manufactured Homes Fill a Ciritcal Housing Need in the Oil and Natural Gas Industry

As the oil and natural gas industry continues to generate more jobs in areas that are within the Marcellus and Utica Shale basin, the need for affordable housing near extraction sites will grow. In many cases, depending upon the scope of the project, oil and gas workers will be on site for years at a time, and it’s common to see many of them choose to relocate during that time. If a company chooses to move these workers, it's in everybody's best interests to experience a stable housing situation, where homes can be leased, rented, or purchased.

 

Benefits of Manufactured Home for Oil and Gas Crews

Companies and employees looking for affordable housing should consider manufactured home communities. These communities offer many advantages that site built homes can’t match.

 

·         Plenty of Room for Crews. Manufactured home communities feature houses that are spacious, with modern floorplans. They have large kitchens, three bedrooms, two bathrooms, and just as much living space as comparable homes in the area. Whether construction firms want to lease, rent, or purchase homes, a manufactured home community is financially feasible. Homes can be purchased for a very affordable price – sometimes as much as 60% less than other homes in the area. With so many workers needed near oil and gas sites, construction firms can save on housing fees.

 

·         Great Locations. Manufactured home communities are located near most oil and gas work sites in the Marcellus and Utica Shale basin, making it a convenient option for those who are going to be staying in the area for quite some time. These communities are also close to different shopping, dining, and entertainment areas. For those who love the outdoors, most are located near parks where residents can bike, hike, hunt, fish, and ski. With sought-after locations, construction crews will enjoy their time off.

 

·         Unique Amenities. Most communities have 24/7 maintenance staff, and the grounds are well tended. Maintenance issues are handled promptly. Having access to on-site managers is yet another benefit of living in a manufactured home community.

Western Pennsylvania Cracker Plant Construction

Construction is slated to begin by 2018 on an ethylene cracker plant is being built in Western Pennsylvania’s Beaver County by Shell Corporation. Right now, companies that are involved in the construction of the plant or that are bidding on work are seeking as many as 5,000 skilled workers. That means they will need housing that is close to the worksite. UMH has several communities that are positioned within 50 miles of this worksite. These include Pennsylvania communities Cranberry Village, Forest Park Village and Independence Park; and Ohio communities Dallas MHC, Southern Terrace, Deer Meadows, and Meadowood.

 

If you need to house construction crews at a natural gas / oil site, or you are looking for housing close to Western PA’s ethylene cracker plant, call UMH today. We can help you find the three-bedroom, two-bathroom homes that you require for staffing your crews.   

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As UMH Properties Stock Price Reaches New High, Manufactured Housing Proves to Be a Smart Investment

In November 2016, shares of UMH Properties Inc. hit a new 52-week high of $13.50. UMH, a real estate investment trust, has been operating as a public company since 1985. The market cap is now $366.6 million.

UMH’s growth is apparent when you review the last five years. In 2011, UMH had 40 communities and 8,900 developed sites. That has grown to 100 communities and 18,000 developed sites in 2016—more than a 100% site increase. Further growth is envisioned with approximately 1,300 acres of land that can be used for the development of new sites. From 2016-2020, more than 1,050 sites are planned for expansion. Additionally, rental unit growth is up more than 400%. 

Manufactured Housing Industry Continues to Make Gains

Several factors that have had an impact on the market success of the manufactured home community include:

·         Rising housing prices and a tight housing market. Millennials and Generation X find that they are being priced out of modern homes that have enough room to raise their families. The average home price in the United States has increased by 25% since 2012, and some cities have seen housing prices double. Even as housing prices climb, the number of available homes in many cities is small. The planning commissions of many cities have decided against building high-density, affordable places to live. With less supply, demand has increased, which further drives up the price of homes. Manufactured homes, however, have remained affordable due to low construction costs.

·         Locations where people want to live. Most people want to live close to where they work, but whether you live near a city, in the suburbs, or in a more rural area, finding a house within 30 minutes of your work can be difficult. Manufactured home communities are positioned near areas that are within about 15 miles of higher-population areas that have plenty of jobs and healthcare options. That also means that residents are close to entertainment, shopping, and restaurants.

·         Apartment rental prices are increasing. While housing prices shoot up and fewer homes are available, apartment management has responded by increasing rental prices. In fact, in the many areas, people are paying much more to rent than they would to own their own three-bedroom, two-bathroom manufactured home, let alone rent or lease one.

As the housing market continues to shift, investors who are interested in acquiring real estate assets are seeing the benefits of buying stock in manufactured housing, which includes long-term appreciation and recession resistant qualities, as evidenced in UMH’s new 52-week high.  

UMH properties owns 100 manufactured home communities in seven states throughout the northeastern United States, and our expansion plans for the next four years are going to provide even more housing to people who are looking for spacious, affordable homes. 

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Why Manufactured Homes Are the Perfect Choice for Millennials

Like many people, the Millennial generation, those born between 1980 – 2000, list “owning a home” as one of their goals for the future. In past decade, however, housing prices have skyrocketed in many areas, and Millennials have a particularly hard time saving enough money to buy a home for many reasons: 
 
  • Many cities now have outpriced potential homeowners. Prices for three-bedroom homes in some larger cities top $400,000. Even if you are taking out an FHA loan, which may require just 4% of a down payment, that’s still $16,000—a large sum for a younger population group that hasn’t had time to build a salary that often comes with years of experience. 
  • Healthcare costs are increasing quickly. While insurance premiums go up, the cost of affordable healthcare ticks upward, and wages are not increasing at anywhere near the same rate. 
  • Student loan payments are spiraling out of control. College graduates are finishing their time at school with both a diploma and as much as $80,000-100,000 in debt. Once they begin the repayment process, there is little money left over to afford their dreams of home ownership. 
 
With so much pressure to get a good job that will pay all of the bills, many people in their 20s and 30s can now turn to manufactured housing as an affordable solution to home ownership.
 
Manufactured Homes Offer Affordable Choices in Desirable Areas 
Manufactured home communities give people the opportunity to buy an affordable home – often less than 60% less than homes in the same area – that’s also in a great location. 
 
If you’re looking for a wonderful location—where you grew up, where the jobs are, where you love spending your recreational time—then manufactured home communities are a great option. These neighborhoods are often near cities, but still within the suburbs, so they are close to main roads, there’s plenty to do nearby, and you’re close to work. 
 
Maybe your home choice hinges on affordability. If you want to buy a home in Pittsburgh, for example, housing can average above $250,000 in many surrounding towns. In the UMH community of Cranberry Village, however, a 1,450 sq. ft. home with three bedrooms and two bathrooms is less than $79,900 plus taxes and fees. It’s also in a bustling suburban center that’s surrounded by shopping, dining, and entertainment—and just 20 minutes to downtown Pittsburgh. 
 
Why Wait to Buy a Home?
Manufactured home communities are often land lease properties. Owners buy the home and then lease the land the home is on, which will keep your housing costs down even more.
 
If you’re concerned as a Millennial that the housing market will force you to choose between furthering your education, starting a family, or buying a beautiful home, your solution is with UMH manufactured communities. UMH Properties owns 100 manufactured home communities throughout seven states in the United States. There are many options for a three-bedroom, two bathroom home that provide comfort and affordability. Call or contact us to learn more.
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As Rent Skyrockets, Manufactured Homes Offer Affordable, Convenient Living

According to a report that was recently released by Harvard University’s Joint Center for Housing Studies, there’s been more than a 30% increase in the number of households that are economically hampered by the amount they pay in rent.
 
That’s likely because rent, which has been a stable option in the past for those seeking affordable housing options, has been rising, while renters’ incomes remain stagnant or have fallen in the past few years. 
 
As more new apartments and homes are being marketed toward those who can pay a higher amount of rent, such as young professionals, it’s creating fewer affordable housing opportunities for middle-income renters in many areas of the country.  
 
Affordable Housing, Great Locations
Those looking to rent should know that affordable housing is available in many places in the United States within manufactured home communities. Haven’t considered manufactured housing? There are many advantages for those who are looking for modern, affordable rental homes that are close to cities and suburbs. Manufactured homes are:
 
  • Modern Living Spaces. Manufactured homes are contemporary and spacious. Many have three bedrooms with two bathrooms (including a master bedroom and bath), open kitchens with an island, plus abundant cabinet and countertop space. 
  • Located in Sought-after Areas. Whether you enjoy city living or a rural setting, or would like to be near work (or play), there is a manufactured home community that will meet—and exceed—your needs. Many manufactured homes have playgrounds, basketball courts, outdoor pool, and community centers that create a true sense of community.
  • Affordable. Manufactured homes provide excellent value for your rent dollars, and offer just as many features as site-built homes. Some communities have a land-lease program, which allows residents to buy homes and then lease the land that the home sits on. Besides making these homes even more affordable, it allows for inexpensive monthly rental payments, and you get much more for your money.
 
UMH properties owns 100 manufactured home communities in seven states throughout the northeastern United States. Our rental prices are extremely affordable, and since you’re in a home, there are no shared walls—just your own private space. Call or contact us today to learn more about our modern, spacious rentals.
 
Some restrictions apply. Customer must be pre-approved to live in the community after passing a background check and satisfying UMH residency screening requirements.