CAVCO INDUSTRIES, INC. AND UMH PROPERTIES, INC. TO FEATURE NEW HOUSING PROTOTYPE AT INNOVATIVE HOUSING SHOWCASE

WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the National Association of Homebuilders (NAHB) today announced Cavco Industries, Inc., in partnership with UMH Properties, will exhibit a new housing prototype at the inaugural "Innovative Housing Showcase," June 1-5, 2019, on the National Mall in Washington, D.C.

Cavco utilizes local market research to design and offer a full range of homes to meet the interests of its customers; from entry-level models to large custom homes. Cavco is a producer of manufactured and modular homes, park model RVs, vacation cabins, and systems-built commercial structures.

UMH Properties, Inc. is a public equity Real Estate Investment Trust (REIT) that owns and operates a portfolio of 118 manufactured home communities with approximately 21,500 developed homesites and 4 retail sales centers, selling custom designed manufactured and modular homes to private landowners.

The prototype will feature an off-site building system that delivers housing modules approximately 96-98 percent complete to the job site, minimizes build time, and increases affordability. The 1,050 square foot, 2 bedroom, 2 bath home, will be built to the HUD code for manufactured housing.

"We're excited to feature innovators in housing and building technologies that are addressing some of the most pressing issues facing the housing industry, namely affordability and durability, through the use of new and innovative construction methods," said HUD Secretary Ben Carson.

"The housing affordability crisis is affecting both builders and consumers nationwide. We are honored to be co-hosting this event with HUD as we work together to find solutions to this growing problem," said Greg Ugalde, chairman of the National Association of Home Builders.

"Cavco is pleased to present at the Innovative Housing Showcase one of the thousands of high quality, yet truly affordable homes we build each year. Our homes comply with the federal building code administered by HUD and are efficiently constructed with prime building materials to provide energy efficiency and long life," said Bill Boor, President of Cavco Industries, Inc.

The Innovative Housing Showcase is a five-day event on the National Mall that will highlight an array of new technologies and building solutions. These innovations could make housing more affordable for American families and more resilient during natural disasters. For more information, please visit www.hud.gov/Innovative_Housing.

WHAT: HUD's Inaugural "Innovative Housing Showcase" WHEN: June 1-5, 2019 WHERE: National Mall, Washington, D.C. DETAILS: Please visit www.hud.gov/innovative_housing.

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HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. More information about HUD and its programs is available on the Internet at www.hud.gov and https://espanol.hud.gov.

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