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Tiny House Comparisons, $50,000 Tiny House Vs. $165,000 Tiny House – Millions of Video Views

May 21st, 2019 Comments off

 

165000vs50000TinyHouseManufacturedHomeIndustryMHProNews

Screen capture – still scene from the video posted further below.

No spoilers for this video, just the facts.

 

In 3 weeks, this video has had 2,173,639 views as of the time the Daily Business News on MHProNews drafted this article.

There were about 37,000 ‘thumbs up,’ vs. 1800 thumbs down.

There were 2,801 comments posted. That’s more comments than the total number of views of hundreds to thousands of videos that focus on manufactured homes.

Bear in mind, that the evidence reveals that just the name ‘tiny house’ isn’t itself a magic door opener with the general public when it comes to selling more ‘rebranded’ manufactured homes. Several manufactured home producers have jumped onto the tiny house band wagon, some with very little success.

In fact, the word heard from insiders in the manufactured home industry’s 3 biggest brands and their tiny house sales would lead us to think that their results have been rather sleepy.

This video below is nearly 20 minutes long, and it still has over 2.1 million views?

To understand why manufactured housing is struggling during an affordable housing crisis is both easy and hard, depending on where your mind is at to begin with. For those who ‘trust’ the industry’s ‘leadership,’ it will be harder to grasp that the well has been to a significant extent poisoned. How it was poisoned is exemplified in reports like the one below.

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

That sobering reality requires the hard work of un-poisoning the well.

 

That requires discipline, see last night’s video linked below.

 

Millions of Americans want what we as an industry offer, they just don’t want what they mistakenly have been led to think that the industry is.  Just think, you could pay less for a manufactured home than the tiny houses in this video.

To change the dynamic requires a willingness to break from what may seem like the herd.  It is the contrarian’s that advance a cause.

Ultimate, Proven Contrarian Investing – Ethical vs. Unethical, Legal vs Illegal Manufactured Housing Industry Strategies

The ‘leaders’ of the heard are taking the industry down the path of ever-more consolidation, instead of success.  See the related reports, further below. That’s your pre-dawn challenge to make change at the local level, by pondering the lessons learned from “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Related Reports:

You can click on the image/text boxes to learn more about that topic.

Not Renaming Manufactured Homes, Redefining Manufactured Homes – Tiny House Lessons Learned

Declining Manufactured Home Shipments More Serious Than Retailers, Communities Being Told

MHARR Launches “Fighting Discriminatory Zoning Mandates” Manufactured Housing Project

Ultimate, Proven Contrarian Investing – Ethical vs. Unethical, Legal vs Illegal Manufactured Housing Industry Strategies

 

 

 

 

 

 

Skyline Reports Results, Including FEMA Manufactured Home Sales, Costs of Pending Champion Deal

April 13th, 2018 Comments off

Via a media release do the Daily Business News, Skyline Corporation (NYSE:SKY) (“Skyline” or the “Corporation”) reported the following results for the third quarter of fiscal 2018.

  • Net sales of $57,978,000, an increase of 12.3% over net sales of $51,640,000 in the year ago quarter.
  • The current quarter included approximately $5,000,000of homes constructed to Federal Emergency Management Agency (“FEMA”) specifications that were sold to an authorized FEMA contractor.
  • The year ago quarter included net sales of $7,573,000 attributable to the Elkhart, Indiana and Mansfield, Texas facilities which closed in the fourth quarter of fiscal 2017.

SkylineCorpMarch42018ConsolidatedIncomeStatementDailyBusinessNewsMHproNews

  • Operating income for fiscal 2018 was $1,233,000 as compared to an operating loss of $2,362,000 for fiscal 2017.
  • Current year operating income includes $1,013,000 in non-recurring costs associated with the pending merger with Champion Enterprise Holdings, LLC (“Champion”).
  • The prior year’s operating loss included a $945,000 loss, excluding corporate overhead allocation, attributable to the Elkhart and Mansfield facilities.
  • Net income for fiscal 2018 was $1,218,000 as compared to a net loss of $2,447,000 for fiscal 2017.
  • On a basic per share basis, net income was $.15 as compared to a net loss of $.29 for year ago quarter.

SkylineCorpMarch42018ConsolidatedLiabilitiesStatementDailyBusinessNewsMHproNews

For the nine months of fiscal 2018, the Corporation reported the following results:

  • Net sales of $174,205,000, an approximate 1.6 percent decrease from net sales of $177,042,000 in the year ago period.
  • The first nine months of fiscal 2017 included net sales of $20,866,000 attributable to the Elkhart, Indiana and Mansfield, Texas facilities.
  • Operating income for fiscal 2018 was $5,988,000 as compared to an operating loss of $2,041,000 for fiscal 2017.
  • Current year operating income includes a $702,000 net gain on the sale of property, plant and equipment, and $1,203,000 in non-recurring costs associated with the pending merger with Champion.
  • Prior year’s operating loss included a $3,462,000 loss, excluding corporate overhead allocation, attributable to the Elkhart and Mansfield facilities.
  • Net income for fiscal 2018 was $5,789,000 as compared to a net loss of $2,298,000 for fiscal 2017. On a basic per share basis, net income was $.69 as compared to a net loss of $.27 for the year ago quarter.

SkylineCorpMarch42018ConsolidatedBalanceSheetStatementDailyBusinessNewsMHproNews

Links to prior reports on the Skyline-Champion deals are found in the resources, including the legal action aimed at that deal, are linked below under related reports.

Tonight’s closing numbers on Skyline, along with other tracked stocks, are linked here. ## (News, analysis and commentary.)

(Third party images are provided under fair use guidelines.)

Related Reports:

Skyline – Champion Merger Suit, Real ‘Class Action,’ or “Ambulance Chaser” Legal Shakedown?

Skyline Corp, Champion Homebuilders Conference Call Presentation Facts, Figures, Forward-Looking Statements, Planned Merger Detail$

Terry Decio, Skyline Homes, “The Secret” – The Rest of the Story

 

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Plans for Floating Modular Cities, “Seasteading” is Becoming Reality

December 20th, 2017 Comments off

FloatingModularCitiesSeasteadingYouTubeDailyBuinessNewsManufacturedModularHousingMHProNEwsThe billionaire founder of PayPal, Peter Thiel, is one of the driving forces behind the Seasteading Institute, which has announced it has struck a deal that can yield the first floating city by 2020.

The Drudge Report, Britain’s Daily Mail and a host of media are covering the announcement that this first semi-autonomous floating city-state, will be built in the Pacific Ocean, off the island of Tahiti.

Floating islands would feature aquaculture farms, healthcare, medical research facilities, and sustainable energy powerhouses,” per the Daily Mail.

The videos shown are by the Seasteading institute.  They don’t specify that the housing will be modular, but a related article on Wikipedia stated that modular construction is what will be used.

The nonprofit Seasteading Institute, which hopes to “liberate humanity from politicians,” stated the Daily Mail.  What are the odds of that happening?

Its founders point to the Kevin Costner movie, WaterWorld, as part of the inspiration for the environmentally sustainable plans.

A feasibility report by Dutch engineering firm Deltasync said the square and pentagon platforms would measure 164ft (50metres) in length and they would have 164 ft-tall (50 metre) sides to protect buildings and residents,” per the Daily Mail.

From 250 to 300 people will be the first residents, and the platforms that will hold the structures are projected to last for up to 100 years.

Theil was a noted supporter of then candidate Donald J. Trump in the 2016 election cycle. ## (News, analysis, commentary.)

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State of the Manufactured Home Industry, Comparing RV vs. MH Data

November 11th, 2017 Comments off
StateoftheManufacturedHomeIndustryNov2017ComparingRVvsMHDataManufacturedHomeIndustryDailyBusinessNewsMHProNwes

This is part of a series of articles that will examine facts, data, and commentary about the state of the manufactured housing industry.

An objective look at relevant data is one of several ways to obtain a clear-eyed view of the true State of the Manufactured Housing Industry, in November of 2017.

There are two graphics below. One is the national RV shipment data, per the Recreation Vehicle Industry Association (RVIA).

That is followed by manufactured home (MH) industry data supplied by the Manufactured Housing Association for Regulatory Reform (MHARR), based upon information generated for the Department of Housing and Urban Development (HUD) by IBTS.

 

RVAnnuaShipments2011to2016RVIALogoDataCompareManufacturedHousingIndustryDataDailyBusNewsMHProNews

Compare that RV data to MH shipment totals.ManufacturedHousingIndustryProductionRateIncreasesSince2009ManufacturedHousingAssociationforRegulatoryReformMHARRResearchDataReportsMHProNews

Several questions and points ought to be considered. 

1)    As their name implies, many RVs are sold for recreational use, not for full time use and living.

2)    RVs routinely cost more per square foot than MH.

3)    RVs are often a discretionary purchase – a luxury item – as opposed to a necessity, such as housing, which is the market MH serves.

4)    RVs out-shipped MH by over 5 to 1 last year.

leigh_j_abrams__chairman__drew_ind__directorsandboards

Leigh Abrams, prior chairman, Drew Industries, since renamed LCII.

The focus today is on the facts. But it is worth noting some of the extensive commentary by Leigh Abrams, linked here.  Abrams’ operation has served both the RV and MH industry for decades.

With the affordable housing crisis looming large, the questions ought to include, how is it possible that RVs outsell MH by such a wide margin? 

To be sure, the MH industry is clearly going.  But how many understand the kind of facts shared below by award winning retailers Alan Amy and Stan Dye?

Stan Dye spotlights the widespread misunderstanding between perception and reality, and what happens when well qualified buyers are properly exposed to residential – vs. entry level – style modern manufactured homes.

Alan Amy stresses what’s attracting the billionaires toward MH.

Notice: Part of a Multi-Part Series  

A ‘hub’ article that includes links to other interviews and data points, is found below.

Exclusives! Tim Williams/21st Mortgage Corp, Kenny Lipschutz/Brookside Companies/ HomeFirst™ Certified Communities, Leigh Abrams/Drew/Lippert 

We Provide, You Decide.” © © ## (News, analysis, commentary – celebrating the start of our 9th year.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Brookfield Asset Management (BAM) Snapshot, Alpha Spotlight, Other MH Market Updates

November 7th, 2017 Comments off

CNNmoney11.7.2017ManufacturedHomeStocksMarketsReportsMHProNewsIf you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected headlines and bullets from CNN Money:

  • Voter suppression tweets undetected for hours
  • Welcome to a world with 280-character tweets
  • Loophole in GOP’s plan to kill this tax deduction
  • End of ‘House of Cards’ would kill 2,000 jobs
  • NPR CEO on ‘medical leave’ amid harassment scandal
  • Wanted: Financial Guru
  • Content by Brighthouse Financial
  • Sky warns of shutdown if regulator blocks Fox takeover
  • New app backed by Kim K. wants to be fashion’s Shazam
  • Navya unveils its self-driving taxi
  • Snapchat plans major redesign as user growth stalls
  • Forbes drops bombshell on Wilbur Ross, own reporting

 

Selected headlines and bullets from Fox Business:

  • Apple’s controversial use of offshore tax haven isn’t illegal
  • GOP tax bill’s big losers: NFL, and other sports leagues
  • Dow edges up to record high, financials dips
  • Oil eases from 2-1/2 year highs, focus on Saudi tensions
  • Boeing, US strengthen ability to destroy long-range ICBMs
  • Netflix email scam targets 110 million subscribers
  • Democrats sweep Virginia, New Jersey governor’s races
  • Tiffany’s sells a $1,000 tin can as part of ‘Everyday Objects’ line
  • Nike to fix NBA jerseys amid ripping incidents
  • US oil dominance has an expiration date
  • These stores are closed on Thanksgiving
  • Blue Apron plunges more than 20% to all-time low, here’s why
  • Realtors worried Congress could mess with home sales, here’s how
  • Starbucks’ latest move: Italian bakeriesarticle

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

Today’s markets and stocks, at the closing bell…

S&P 500 2,590.64 -0.49(-0.02%)

Dow 30 23,557.23 +8.81(+0.04%)

Nasdaq 6,767.78 -18.65(-0.27%)

Crude Oil 57.03 -0.17(-0.30%)

Gold 1,277.50 +1.70(+0.13%)

Silver 16.98 +0.04(+0.24%)

EUR/USD 1.1594 +0.0006(+0.05%)

10-Yr Bond 2.307 -0.013(-0.56%)

Russell 2000 1,479.09 -18.87(-1.26%)

9MarketIndicatorsYahooFinance11.7.2017DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value

 YahooFinanceManufacturedHousingCompValue11.7.2017DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

 

Brookfield – Excellence Stays Excellent, per Seeking Alpha

The graphic below says in a snap how BAM has performed in the last year.

BAM-A-CN-BrookfieldAssetManagement-ManufacturedHomeCommunities-DailyBusinessNewsMHproNews

Summary

SeekingAlphaMarketNewsManufacturedHousingIndustryDailyBusinessNewsMHProNewsBrookfield has top-tier management with a long tenure, ownership mindset, large stake in the business, and impeccable decades-long track record of success.

CEO Bruce Flatt has generated near-20% annualized returns during his 15-year tenure.

A focus on $50 to $100 trillion industries will provide Brookfield with ample opportunities to deploy the growing capital it manages.

Key value drivers include partnerships with institutional investors and sovereign wealth funds, growing allocations to alternative assets, and an evolving business model designed to capture value from these emerging trends.

Despite a few meaningful risks, notable value investors who manage concentrated portfolios are betting on Brookfield’s success.

 BAM-A-CN-20YearChartBrookfieldAssetManagement-ManufacturedHomeCommunities-DailyBusinessNewsMHproNews

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 11.7.2017DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say –Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, Analysis.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Governor Announces Hurricane Recovery Loan$, Business, Homeowners, MH

November 3rd, 2017 Comments off

HouseLoansManufacturedHousingIndustryPixabayDailyBusinessNewsManufacturedHousingIndustryResearchFinanceReportsDataIn a program that manufactured homes qualify for, “The town of Fair Bluff will receive $1.85 million to help rebuild homes damaged by Hurricane Matthew and improve the town’s water supply, Governor Roy Cooper announced Thursday in a release to the Daily Business News.

This followed a previous announcement from the governor’s office that “funds will be matched by private lenders to provide at least $15 million in loans available to small businesses in Matthew-affected areas, especially in Robeson, Cumberland, Edgecombe and Wayne counties.”

Similar programs are available in other states impacted by this year’s hurricane season.

hurricaneMatthewNCPulseHeadlinesCreditDailyBusinessNewsMHProNews

Post-Hurricane Matthews, NC, photo credit, Pulse Headlines.

North Carolina Emergency Management will help repair, rebuild and elevate single-family homes, as well as rehabilitate manufactured housing,” per their statement to MHProNews.

GovRoyCooperFamilyNorthCarolinaDemocratOfficialPhotoDailyBusinessNewsMHProNews

For more details, click here to see the current and previous release from Governor Cooper’s office.

RoyCooperD-NCGovWikipediaDailyBusinessNewsMHProNews

Industry professionals, including manufactured home community operators in impacted areas, should consider contacting their state association for potential additional insights and guidance.   © ## (News, Analysis.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Subcommittee Hearing on Security, Reforms to Protect Consumers and Businesses

November 1st, 2017 Comments off

CommitteeOnFinancialServicesDailyBusinessNewsMHProNewsData security and credit records impacts almost everyone in America.

More specifically and closer to the interests of industry professionals, manufactured home retailers and communities deal with credit and personal data daily.

Producers, wholesale lenders, suppliers, and vendors deal with business credit and data daily too.

So today committee hearing on Capitol Hill could prove important to tens of thousands of industry professionals, and hundreds of millions of Americans.

The House Financial Services Committee tells MHProNews in a release about their hearing today on “security vulnerabilities and identify gaps in state and federal data security regulation.”

More than 15 million Americans were victims of cyber fraud or identify theft last year,” said Subcommittee Chairman Blaine Luetkemeyer (R-MO).

While data security has been a hot topic since the latest breach, Equifax isn’t where the problem started and if we don’t act, it isn’t where the problem will end. With each attack more dangerous and more advanced than the last, it is crucial that every aspect of data security is examined,” their statement said.

Today’s hearing reiterated that we need to work collaboratively to reduce red tape, create a prompt notification standard, and foster harmonization among federal and state agencies charged with data security regulation,” per their early evening media release.

While today’s hearing did not focus on a certain bill, I intend to work with my colleagues to produce data security reform legislation in the near future. This has turned into a crisis, and the American people deserve better.” Luetkemeyer said.

Video – Pro-MH Congressman, Andy Barr, Questioning Expert Witnesses 
during today’s hearing.

Key Takeaways

  • The increasing frequency and sophistication of cyberattacks demands heightened vigilance and enhanced efforts by industry participants to safeguard consumers’ financial data.
  • Protecting information and systems from major cyber threats, such as cyber theft, cyber terrorism, cyber warfare, and cyber espionage should be a priority for Congress.

CyberCrimeCyberSecurityDailyBusinessNewsMHProNews

Topline Quotes from Witnesses

  • The cybersecurity landscape is complex with a wide array of hostile actors, including criminals seeking financial gain, nation states engaged in corporate espionage or worse, and terrorist groups seeking to disrupt markets and create fear. Cybercrime is now a bigger criminal enterprise than the global narcotics trade. The financial services industry is a top target facing tens of thousands of attacks each day. While data breaches of customer information dominate headlines, and are an appropriate concern for policymakers, a major cyberattack on critical financial market infrastructure or one that destroys records and financial data, is a risk with a potentially far larger impact on the economy. While regulation and supervision of cyber preparedness has an important role in the collective cyber defense effort, the emergence of many regulations from multiple regulators may lead to a suboptimal balance of industry resources devoted to compliance versus security.” – Kenneth E. Bentsen, Jr., President and CEO, SIFMA

 

  • This is not a problem that we as an industry can fix on our own. What is so frustrating is that there is no amount of money we can spend to protect our consumers from being targeted by these criminals. The only thing that will help is to increase awareness so that our customers can help protect themselves.” – Daniel Mennenoh, President, H.B. Wilkinson Title Company

 

  • Data security, ensuring member safety, and how to incentivize and emphasize data safekeeping in every link of the payments chain is a top challenge facing the credit union industry today. Given the breadth and scope of many data breaches, we have reached a tipping point in the public dialogue about how to tackle these issues. NAFCU member credit unions and the 110 million credit union members across the country are looking to Congress to address data security issues and move forward with meaningful legislation that will make a difference to consumers.” – Debra Schwartz, President & CEO, Mission Federal Credit Union.

The Daily Business News reported previously on the widely covered Equifax breach, at this link here. ## (News, analysis, commentary.)

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Latest Mortgage Bankers Research Reveals 2018 Finance Forecast

October 28th, 2017 Comments off

MortgageBankersAssocPixabayMHProNewsThe Mortgage Bankers Association (MBA) tells the Daily Business News in a release that, “Our most recent forecast released this week estimates that home purchase originations will increase at a faster clip in 2018, nearly double the rate that they increased in 2017, to $1.2 trillion.”

In contrast, we expect refinance originations will decrease by 28.3 percent from 2017, to approximately $430 billion.  In total, mortgage originations will decrease to $1.60 trillion in 2018 from $1.69 trillion in 2017,” stated the MBA.

As the MBA chart below reflects, there has been a tidal shift in the conventional mortgage market, with home purchases picking up the slack for the declining volume of home refinancing.

All the pieces are in place for stronger growth in 2018 and beyond, although the housing market has been recently hamstrung by insufficient supply, with inventories of homes remarkably low given the home price growth we have experienced.”

That specific phrase from the MBA’s release to MHProNews is yet another wake-up call for the manufactured home, and other kinds of off-site built homes industry.


With ‘stick builders’ essentially maxed out due to labor and other constraints, the opportunity to grow the manufactured home space more rapidly is looming ever larger.

ChartofWeekMortgageBankersAssocMBAMorgOriginations2011-2010DailyBusinessNewsMHProNews

The job market remains strong, demographic trends are quite favorable, mortgage credit is becoming more available to qualified borrowers, and home prices should continue to rise,” stated the MBA. All of those are factors and others are tracked and reported to manufactured housing professionals here on MHProNews.

In addition to the updated forward-looking forecast, MBA upwardly revised its estimate of originations for 2016 to $2.05 trillion from $1.89 trillion, to reflect the most recent data reported in the 2016 Home Mortgage Disclosure Act (HMDA) data release,” the association’s release stated. ## (News, analysis, commentary.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-(Image credits are as shown above.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

New Bill on Manufactured Home Inclusion/Regulatory Impacts

October 27th, 2017 Comments off

USCapitalBuildingDaliyBusinessNewsManufacturedHousingIndustryProfessionalMHProNews771A new bill has been introduced in Congress by Rep. Norma Torres (D-CA) that would impact both the regulation of manufactured housing by the U.S. Department of Housing and Urban Development (HUD) and, potentially, the utilization of HUD-regulated manufactured housing by local jurisdictions that receive housing-related federal grants from HUD.” 

So a release by the Manufactured Housing Association for Regulatory Reform (MHARR). 

The release to MHProNews continues:If pursued correctly by the industry’s post-production sector, this legislation could provide potentially-significant market opportunities for manufactured housing retailers, communities, developers and finance companies.”

The bill is entitled the HUD Manufactured Housing Modernization Act of 2017 (H.R. 3793).

It contains two primary elements.

MarkWeissManufacturedHousingAssociationForRegulatoryReformMHARRPresidentCEOMHProNews

Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

First,” says Mark Weiss, JD, President and CEO of MHARR, “it would require HUD, in issuing “any new rule or regulation,” to “include, as appropriate, guidelines that assess the impact of the rule or regulation on owners of residential manufactured homes and the production and sale of residential manufactured homes.”

That in some ways would mirror the Trump Administration’s call for common-sense, more pro-business regulations.

Second, it would require the HUD Secretary to “issue guidelines for jurisdictions related to the appropriate inclusion of residential manufactured homes in a Consolidated Plan of the jurisdiction,” Weiss’ release stated.

If enacted, this bill would be potentially significant for both the manufactured housing industry and consumers of affordable manufactured housing, in that it would supplement and expand the scope of language currently contained in the Manufactured Housing Construction and Safety Standards Act of 1974 (as amended) which requires HUD to assess the cost-impact of new or amended standards and regulations (and interpretations of both) on the cost of manufactured homes “to the public,” MHARR said.

This expansion is potentially important for industry members (including the post-production sector) and consumers, in that it would – for the first time – recognize and make relevant to the rulemaking process, cost impacts directly affecting the “production and sale” of HUD-regulated manufactured homes (which the program, under its current administrator seeks to ignore),”

ManufacturedHousingAssocRegulatoryReformPamDannerMHIMHARRLogoFrostFreeFoundationIBMHProNews

http://www.mhpronews.com/blogs/daily-business-news/mharr-mhi-statements-on-huds-frost-free-ib-rule/

MHProNews has previously noted that it higher costs and other burdens are among the problems with recent HUD guidelines, such as the Frost-Free Foundation IB, and on-site completion guidelines.

HUDManufacturedHousingConsensusCommitteeMHCC-postedDailyBusinessNewsMHProNews

MHARR says that, “if enacted as currently drafted, it would clarify that the relevant focus of the statutory cost analysis is the impact of the new or amended rule or regulation on the “owner” of the home and the cost of the “production and sale” of the home.”

The MHARR statement may signal the direction the association will take regarding their proposed expansion to serve the post-production sector.  That discussion will, sources say, be discussed by their production/members, during their November conference call.

Another Possible Step Ahead…

Further, the bill would make manufactured housing a feature of the “Consolidated Plans” submitted by jurisdictions applying for HUD federal grants,” the Washington, D.C. based independent HUD Code producers trade group said.

Such “Consolidated Plans,” according to an official HUD statement, are: “designed to help states and local jurisdictions to assess their affordable housing and community development needs….  The consolidated planning process serves as the framework … to identify housing and community development priorities that align and focus funding from the CPD formula block grant programs: [the] Community Development Block Grant (CDBG) Program, HOME Investment Partnerships (HOME) Program, Emergency Solutions Grant (ESG) Program, and Housing Opportunities for Persons With AIDS (HOPWA) Program.”


MHARR has been tracking this bill and monitoring it closely, and has already addressed various specific aspects in person with Rep. Torres’ office.  The Association will continue to follow this bill as it progresses through the legislative process,” Weiss’ statement concluded.   ## (News, Analysis.)

Note: a complimentary video and report was part of last night’s spotlight feature, to see that, please click here.

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Less regulation can often yield lower costs, higher production, and more job creation, without sacrificing consumer safeguards. To see the video, click here.

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Habitat for Humanity Using Factory Built Home in First

October 24th, 2017 Comments off

YouTubeHabitatModularHomesModularNewsDailyBusinessNewsMHProNewsFor much of the U.S., the on-site building season can take place almost year-round.

But not so more northern climates in the United States, or Canada, where the conventional construction season is fairly short.

So, when a widely known organization like Habitat for Humanity turns to modular construction in a state like Maine, it’s a potential win for many on a variety of levels.

The teaming up of Habitat with modular construction is reportedly a first in the state of Maine.  But it has occurred in Canada, and a few other places, as the video on this page reflects.

Per Maine’s Forecaster,Habitat for Humanity/7 Rivers Maine’s first modular home arrived in the city Oct. 11, the start of a new trend for the group that builds affordable houses.”


As of Tuesday had raised nearly $11,000  out of a $30,000 goal has been raised to support the effort, via another first for the group – a crowd-sourced funding initiative.

The homebuyer is reportedly able to afford “a certain amount to purchase the home, and Habitat is subsidizing the rest through the $30,000 campaign, according to Kathy Smith, Habitat’s director of development.”

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Bath-based Dirigo Custom Structures was used to build the modular home, being sited at 167 Middle St in Bath.

The home has a “daylight basement” which the home was placed over.

They popped it on and secured it, and it’s buttoned up,” Habitat’s Smith said in an interview Oct. 17. “And now this Saturday we start with volunteers going in to complete the home.”

Finishing the basement, siding, a front porch, and other completion items are expected to occur over the next eight weeks.

We’re hoping to have the homeowner and family in before Christmas, even maybe mid-December, if possible,” Smith said.

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Habitat’s Deal

Habitat for Humanity requires homeowners to invest “sweat equity hours into the construction process. Because the modular home is prefabricated, the three-member family has been helping out at Habitat’s ReStore in Topsham, Maine.  They will also work alongside volunteers at the home site, doing the described completion work, noted above.

Once finished, there will be about 1,500 square feet of space.

Smith said they don’t know the precise savings to be expected, which they will determine once the project is completed.  Beyond the cost savings, as factory built home professionals know, there will be “a number of months” in saved construction time.

KathySmithDirectorDevelopmentHabitatForHumanity&RiversMaineDailyBusinessNewsMHProNewsHabitat expects to see some degree of savings from going the modular route, although how much won’t be certain until the project is complete, Smith said. Construction time should also be reduced by “a number of months,” she added.

The Bath home is the 45th house built by Habitat/7 Rivers in its 25-year history, the Forecaster said.  ## (News, analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.