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Money, Minorities, Manufactured Homes – Foiling the American Dream of Affordable Housing

April 6th, 2019 Comments off

 

MoneyMinoritiesManufacturedHomesFoilingAmericanDreamAffordableHousingDailyBusinessNewsMHProNews

At the heart of what’s known as the American Dream is the ideal of home ownership and private property.  While millions may want affordable rentals, what study after study reflects is that the vast majority prefer to own rather than rent.

 

When millions are misinformed about a subject, it begs several questions. Among them – why is there misinformation? Cui bono? Who benefits from the misinformation?

Affordable housing is in crisis in every state in America. Go north of the border to Canada, a similar scenario exists there too.  

 

Land is plentiful in North America. The question of transportation to and from places of work or business is an issue, as congestion in cities like New York leads some there to ponder a tax each time a vehicle enters as one so-called ‘solution’ to their challenge.  Isn’t it interesting how some quickly turn to a tax – a penalty or cost – that discriminates disproportionately against the least economically advantaged? But let’s move on to the central issues noted in the headline.

 

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Home ownership is generally the better financial option over renting, so long as someone can afford the investment in making the purchase and plans to stay for several years. The renter pays for their housing, just as the person with a mortgage pays for a home. The question is does renter ever own what they are paying for or not?  Isn’t the renter paying the landlord to build equity, that if it were a mortgage to buy, would otherwise benefit the tenant?

 

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Wealth creation is aided by home ownership. HUD Secretary Ben Carson made that point repeatedly during his stops in the U.S. after he became the head of the sprawling federal agency.  Home owners, said Secretary Carson, have an average household net worth of some $200,000. By contrast, renting households only had a $5,000 average net worth, the famous brain surgeon said.

 

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The GAO determined in 2014 that manufactured homes are the most affordable kind of housing, often less costly to own than to rent. The National Association of Realtors “Making the Case for Manufactured Homes” came to a similar conclusion in 2018. See FAU professor Ken Johnson’s comment on the wisdom of someone buying a manufactured home vs. renting or another type of home ownership. https://www.manufacturedhomelivingnews.com/researchers-shake-up-american-dream-rent-vs-buy-ken-johnson-florida-atlantic-university-exclusive-to-manufacturedhomelivingnews/

 

Then why has HUD, state, and local governments paid lip service to affordable housing for so many years? Because the most proven affordable permanent home in the U.S. (or Canada) is a manufactured home. Yet they are increasingly being marginalized or discriminated against. How does one explain that pattern?

 

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Tye explained that public housing – an entitlement – often yields addiction. Ownership vs. renting or living in “projects” leads to integrity, a view he likens to those of Dr. Martin Luther King, Jr.

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 Isn’t this part of the antidote to the t-word nomenclature issue? See the video interview with Donald Tye, Jr. at this link here.

 

Information Wars

A Manufactured Housing Institute (MHI) member who is not a dual member with the Manufactured Housing Association for Regulatory Reform (MHARR) told the Daily Business News on MHProNews that he is “ready for info wars.”

It was a keen insight. It was a kind of polar opposite to Skyline’s Terry Decio’s lament to MHProNews a few years ago, “I’m tired of being the best kept secret. I’m ready to help house America.”

Those are statements from two different MHI-only member producers of manufactured homes. Both consciously or not are fingering the same issue. Information. Understanding. That de facto points to their opposites or possible causes, which are misinformation or misunderstanding.

 

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In the Bible there is a story told of a man who finds a treasure in a field. He hides it again, goes and sells what he needs to in order to buy that field and own the treasure legally. That treasure hunter didn’t want the facts of his discovery to become known, or else he might lose his opportunity.  That story has many morals, insights, and takeaways. One is that knowledge was a potential advantage — but limiting that knowledge for a time was an advantage to that person who wanted the treasure.

Whoever better controls the understanding of manufactured housing can influence the value of manufactured homes and businesses in the factory-built housing industry. Misinformation benefits some, while harming others.  Hold that thought.

 

 

The Vast Right Wing Conspiracy?

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While there are agendas and bias in media, and it has long been so, it would be an exaggeration to say that all news is fake news. MHProNews believes in a wheat and chaff approach with all people, sources, and things. Keep the good wheat, ignore the rest of the chaff.

Hillary Clinton, while First Lady to then President Bill Clinton, spoke of “a vast right-wing conspiracy” against her husband and herself. It was utter nonsense, of course, a mere head fake to distract from the reality that caused Bill Clinton to be impeached and lose his license to practice law. But it was also an absurd claim on its face, given that at that time much of the media was in primarily progressive or left-leaning hands.

Talk radio host Rush Limbaugh was a rising star and a favorite target of the left in those days, just as CNN, MSNBC, the Washington Post or New York Times are targets for several voices on the right today.

Each has a point, as right-or-wrong, they all have hidden or open agendas.

Far better to note or find the unvarnished truth than buy into someone’s spin. But as Shadows of Liberty reflected, or more recently Sharyl Attkisson has documented, various media have their own unique agenda(s). But that doesn’t require secret society meetings or a formal conspiracy to coordinate those voices.

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Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

The keen insight of Reagan Administration Secretary of the Interior, James Watt notes below is still apt. Google doesn’t have the exact quote, but his keen insight goes something like this.

I don’t believe that most of what some call conspiracy theories are actually conspiracies. What I do believe in are people
with common interests, acting in ways that benefit their common interests, and that common purpose may appear to be conspiratorial
.’  – James Watt, former Secretary of the Interior.

Let’s use a hypothetical example. If you hire a motivated kiss-ass, and you let the kiss-ass know that you want X instead of Y, watch that kiss-ass work hard to deliver X to the best of her or his ability.

So Warren Buffett of Berkshire Hathaway fame doesn’t need a memo to go out to the Urban Institute or the Manufactured Housing Institute (MHI) in order for them to behave in a certain way. Kevin Clayton doesn’t have to send a memo to MHAction, asking them to protest group A, instead of group B. All that is needed is to hire or recruit people who behave in certain ways. Behavior becomes fairly predictable, once a person or group are understood.

Hypothetically, if Buffett wanted to use Berkshire’s deep pockets potential to buy all of manufactured housing up, he could. What stops him from doing that are antitrust laws, the legal barriers that keep someone or some organization from monopolizing a marketplace.

 

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So if you wanted to monopolize a market, and avoid federal or other legal scrutiny, how would you do it? Using the purported Buffett method, you buy a castle (a metaphor for a fine business in a sensible industry) with a good Moat, and then you deploy everything you can to widen and deepen that Moat slowly over time. You drive competitive players out, by what may appear to a causal observer to be market forces.

 

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Never forget that even during medieval times, castles and their moats were in fact breached. It takes courage, intelligence, and sound planning, but the artificial moats that hinder manufactured housing could be breached by using a robust application of existing laws.

 

Part of how that could theoretically be accomplished is to weaponize media and public perception against that business’ interests. One might blur the distinction between a mobile home, a trailer house, and a HUD Code manufactured home. Make the term ‘trailer trash’ truly demeaning. Increase the regulatory barriers for that product/service. Force the little guy out of business entirely, causing an independent to sell out for less than their intrinsic value. If there’s no sale, watch their business go bankrupt.

Never mind, to the mercenary greed of those who might use this method, that tens of millions are harmed by such a process. Pay no heed to the social, taxpayer, or other cascading calamities this tragic ploy sparks.

 

 

In science, one might not always be able to directly prove X. But one might eliminate several possibilities as explanations for X. For the truly fortunate scientist, they can both demonstrate a smoking gun evidence for a hypothesis, and also use Occam’s razor to eliminate other possible explanations too.

Buffett’s Berkshire could afford to educate the public about manufactured homes quite readily in the course of perhaps a year or two. You wouldn’t use stupid advertorials to do that if you have access to billions, and could make hundreds of billions in gross revenue annually from a potential business.

 

You might instead:

   use your extensive media contacts, to consistently correct every bit of misinformation that exists. Berkshire brand 21st Mortgage CEO Tim Williams suggested something similar. And/or,

   use your own BH Media Group to correct the record day-by-day until people grasp the amazing reality of manufactured homes.

   You might have MHI publish openly – rather than hide or fail to publish on their website (one of several examples, is linked here) the most effective third-party information or arguments for manufactured housing.

   You might not allow Clayton Homes staffers to use the term ‘mobile home’ or even ‘trailer house’ in videos or social media posts that they do (examples on YouTube).

   You might ask your billionaire buddy who owns Netflix or Amazon to put out a new hit TV series that has the hero and heroine living in a manufactured home, and have friends that do too, the polar opposite of having something like the Trailer Park Boys. Make manufactured home living cool and smart. Stress how environmentally sound manufactured homes are, how much more appealing they are, and of course how much money you save.

 

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For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

   You might have a new resident manufactured home owner group form that works with industry to successfully address issues, instead of working against the interests of industry.

   You might allow the Government Sponsored Enterprises (GSEs), that you once held stock in, to enter the manufactured home market in a robust fashion, instead of in a toe in the water way.

   You might use your clout at HUD to get the 10/10 rule dropped on FHA Title I loans.

   You might use your clout at HUD to get them to enforce manufactured housing’s enhanced preemption, so that local zoning officials don’t keep minorities or others from buying a manufactured home, and benefiting from it.

 

The list could go on, but do you see the point?  Isn’t the list above the common-sense or obvious things you’d do if you actually wanted to promote manufactured home living into a mainstream form of housing?

That begs the question. Why instead has the Omaha-Knoxville-Arlington axis failed to do such obvious things?  We believe these to be people of above average intelligence and motivation. Then how does one explain their repeated failures for some 15 years to do the obvious?

 

 

Explaining ‘Leadership’ Failures  

The industry’s so-called leaders have arguably failed on several levels to do whatever is obviously in the industry’s best interests if robust growth were the immediate goal.

Which leads one from direct evidence of purported restraint of trade and market manipulation and indirect evidence like the above to a vexing, but logical conclusion. The powers that be not only don’t mind minorities or others to be trapped in renting for years on end.  Rather, it benefits the billionaires and multiple billion dollar value operators in a twisted way to keep millions trapped in poverty, if the goal is to consolidate the affordable manufactured home industry slowly over time. It fits the Buffett quote below to the tee.  

 

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It also fits the Buffett quote below about Moats too.

 

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Sometimes the truth is hiding in plain sight. Follow the facts, evidence, and the money.

What are the contrary arguments to such evidence? That’s a fair question.  We’ve asked that too. 

So we invited Kevin Clayton, Tom Hodges, Tim Williams, Rick Robinson, Lesli Gooch, and outgoing MHI president Richard ‘Dick’ Jennison to discuss or debate that contention in public and on video. They declined time and again for some two years now.

They most recently opportunity to attempt to explain to the industry’s professionals some alternative explanation was in Tunica on March 28th, 2019.

Instead, the powers that be since Tunica are suddenly putting out a flurry of MHI memos. They suddenly care about independent retailers enough to put on a so-called educational meeting that they charge them extra to attend. Omaha-Knoxville-Arlington Illusion of Motionas Mark Weiss, JD, President and CEO of MHARR dubbed it – has kicked into high gear.

It’s what another professional with deep MHI ties termed “razzle dazzle.”

 

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Hard Data vs Razzle Dazzle

But the latest new HUD Code manufactured home shipment and production numbers say it all. If they wanted to support independents, they could have done so for years.

 

Febuary2019NewHUDCodeManufacturedHousingShipmentData

 

Solutions? MHProNews don’t ask people to boycott Clayton or MHI for many reasons, including that it can be actionable or possibly even illegal. But we do ask people to ponder this, who are your true friends in the industry? Who is feeding you meaningful information vs. mindless blather? Who are your true enemies? Are you or your company feeding a hand that bites yours?  

Keep what an MHI member said in the opening of the article linked via the text-image box below.

 

Manufactured Housing Institute Members Defending MHI, Great Debate About Manufactured Home Industry Progress, Problems, and Profits

 

The industry’s giants can’t have it both ways. Logically, no one can. If you treat people and professionals like cattle, they get tired of not being heard and of getting herded. When you treat individuals like they are your chattel, their natural tendency is to rebel. 

There are good reasons why interest in creating a non-producers association is growing. More on that another time.

For now, we simply note what MHI award winner Marty Lavin said.

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MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

 

Or what Frank Rolfe, a current MHI member, said.

 

 

We note too what former MHI VP Danny Ghorbani stated.

 

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But the point in this article is simple. The value of manufactured homes is amazing. It is what Ron Thomas, Sr. called “a phenomenon.” But that phenomenon is misunderstood. During an affordable housing crisis, creating so much misinformation around the solution that is hiding in plain sight requires something bordering on a magic trick.

But when an echo chamber effect is established, then the steady drum beat of a false narrative can seemingly become believable. Look at the Trump Campaign-Russia collusion narrative. Tens of millions bought that lie. Millions still want to believe it, after it has been debunked by what the president called over a dozen “angry Democrats” – attorneys who indeed favored Democratic candidates, and also worked for Special Counsel Robert Muller. 

 

Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

 

Nor is that a bias against either party, as manufactured housing and affordable housing are bipartisan issues.

 

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The comment above was said with respect to another recent topic, but relates to this issue too.

It will take time and effort to deprogram the millions from each of those lies. It’s an info-war.

It will take information wars – using facts, reason, and truth over misinformation and fear tactics – to achieve the victory that could benefit tens of millions who are now renting. The rest are details and commentary, some of which are found via the linked reports below the bylines, business development offers, and notices.

 

NothingIsChangedUntilItisChallenged

 

If there is authentic concern for minorities or anyone who may be financially disadvantaged, manufactured homes are an option that must be better promoted and understood. Voices across the two major party divide have come to that conclusion. What’s next is the need for political and legal officials to act to break up such a monopolistic ploy.

 

Cui Bono? “Killing Me Softly,” Manufactured Housing’s New Theme Song?

That’s this Saturday’s Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

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

Al Kemp, Taking out the Trash Talk about Manufactured Homes

FEAR, a Solution to the Affordable Housing Crisis, and the Manufactured Home Dilemma

 

New Manufactured Home Production, Shipment Data-February 2019

 

HUD Lashed for Alleged Manufactured Housing Contract Miscues, Brian Montgomery, White House Notified of National Association Concerns

Warren Kicked Hornet’s Nest – How Move May Connect With MH, Renters, Professionals

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

 

Conquest Capitalism – Thoughts of Chairman Warren Buffett – Billionaires Campaign to Control Trillion Dollar Affordable Housing Market

Examining Derek Thompson’s Atlantic Report on ‘Mobile Home’ Retail Market as Fastest Dying Business In America

 

“The Illusion of Motion Versus Real-World Challenges”

 

HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

 

 

 

 

 

 

 

 

 

 

 

 

 

Is POTUS Trump Racist? “Here Today, Here to Stay” – HUD Secretary Ben Carson Sounds Off

February 8th, 2019 Comments off

IsPotusTrumpRacistHUDSecretaryBenCarsonManufacturedHousingIndustryDailyBusinessNEwsMHProNEws 

We have so many Americans who think that the American dream is not for them, but it is for them. And I think the president wants them to know that for sure.  But he is never going to convince them of that by telling them that.  But by showing them, eventually they will open their eyes and they will not be able to deny what they are seeing.”

–        HUD Secretary Ben Carson, M.D.

 

In under 4 minutes, this Fox Business video covers quite a bit of interesting ground.

The speaker is one that is familiar to manufactured housing professionals.  The Secretary of Housing and Urban Development (HUD), Ben Carson (M.D.), leads the federal agency that has primary responsibility for the regulation of our industry.

The video raises some important questions. Among them is the American Dream.

 

 

Carson Flashback…

Secretary Carson addressed a thousand or more manufactured home professionals last year in person, and thanked the industry for doing its part to support the American Dream.

 

 

But the Fox Business video interview also addressed the question that is bandied about quite often.  Is the 45th president, as many accuse him of being, a racist?

Carson said he hasn’t “seen any evidence of it [racism] whatsoever.”

Secretary Carson reminisced about an appearance decades ago by then businessman Donald J. Trump on the Oprah Winfrey Show. What isn’t mentioned is that for decades, blacks like Winfrey had no such concerns – or made no such allegations of racism against Mr. Trump.

It took a political campaign to spark those charges.

Why did the president run? Why does he do it?  Carson answer is simple. “He [POTUS Trump] does it because he loves our country and he wants it to be successful,” Carson said.  The president’s philosophy – per Carson – is that “the rising tide raises all boats.”

It detracts from their argument that capitalism is horrible. That we are a horrible country. That we treat minorities the wrong way, we are racist,” the HUD Secretary said.  With wry, dry wit he said, “I guess that’s why there are caravans of minorities trying to get in here.”

When millions see photos or videos of African Americans such as Kanye West or Tiger Woods with President Trump, surely many realize, and some wonder – would they be hanging out with him if they thought he was racist? Don’t they know him better than those who only watch on TV or read about him?

One of the oldest tricks is that of the often repeated lie.  Tell a fable often enough, and it seems more believable.

Carson spoke about opportunity zones too.  The good thing about them is that investors aren’t just here today, and then gone tomorrow.  “Here today, here to stay” – with opportunities that lift the boats of people who may have had little hope for good, honest work in the absence of specific community investments.

That’s this morning’s look at “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

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2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

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

HUD Secretary Ben Carson and Senator Thom Tillis Discuss Affordable Housing and Manufactured Homes, Video

“A New Era of Cooperation and Coordination,” is Promised by HUD Secretary Carson, Saying “I Hear You”

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

Risk Taking! Kanye West, Jim Brown, POTUS Trump Oval Office Meeting, Plus MH Market Updates

 

 

 

 

 

 

 

 

Rise and Fall – NAHB March Housing Report

April 20th, 2017 Comments off
NAHB Logo

Credit: NAHB.

New data in from the National Association of Homebuilders (NAHB) shows that homebuilding in the U.S. fell in the month of March, recording its biggest decline in three years.

According to the St. Louis Dispatch, housing starts declined 6.8 percent to a seasonally adjusted annual rate of 1.22 million units. February housing starts were revised up, to a 1.30 million-unit pace. Starts were previously reported at a 1.29 million-rate.

Single-family homebuilding dropped 6.2 percent to 821,000 units, with starts in the Midwest seeing their biggest drop (25 percent) since January 2014.

Economists polled by Reuters had forecast groundbreaking activity falling to a 1.25 million-unit pace last month. Homebuilding was up 9.2 percent compared to March 2016.

The report cites that unseasonably warm temperatures boosted construction in February, and a drop in temperatures, along with storms in the Northeast and Midwest, could have contributed to the drop in March homebuilding numbers.

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Credit: Men of Value.

Overall, single family home starts in the Northeast remained unchanged while they rose 3.2 percent in the South, but fell 5.5 percent in the West. Starts for multi-family housing dropped 7.9 percent to a 394,000 unit-pace.

As the Daily Business News has reported prior, the traditional housing sector remains constrained by a dearth of properties available for sale.

Builders have cited a range of problems including shortages of labor and land as well as rising material prices. A recent survey showed that homebuilder confidence slipped in April from a near 12-year high in March.

The Daily Business NewsMHProNews and MHLivingNews have covered the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

The myths, and the facts surrounding manufactured housing abound. To learn more, including why manufactured housing is the solution hiding in plain sight for many to achieve the American Dream, click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Homes in America – The Land Where Even Doctors Struggle

April 13th, 2017 Comments off

HomesinAmericaLandWhereEvenDoctorsStrugglecreditReMaxLeadingEdgePostedMHLivingNewsIn the United States, some are native born, some immigrate, but all are unified in pursuing the American Dream.

For most, that includes owning a home. But according to a new report on housing affordability from real estate firm Trulia, there are some places in the country where even doctors struggle when it comes to home buying.

A combination of home prices on the rise and inventory at historic lows has pushed homeownership further and further away from middle-income Americans.

Nationwide, the average American worker earns $37,040 annually, while the median cost of a home is $254,900.  This is another compelling reason why there are trillions of dollars in opportunities for manufactured housing, per the report earlier this week by Soheyla Kovach.

The full story on the Trulia report is available at MHLivingNews, linked here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Report submitted by RC Williams to the Daily Business News, MHProNews.

Tips from Taos – Mortgages

February 28th, 2017 Comments off
berkshirehathawayclaytonhomeswells-fargoandmanufacturedhomeloanscreditclaytonhomes-postedtodailybusinessnews

The inside of an unrelated Clayton Home. Credit: Clayton Homes

Some interesting tips regarding mortgage down payments have come from one of the most famous places in New Mexico.

According to the Taos News, the median down payment for first-time home buyers has been six percent for three straight years. And in the National Association of Realtors’ (NAR) “aspiring home buyer profile,” 87 percent of non-homeowners indicated that a mortgage down payment of 10 percent or more is necessary.

This profile also finds that eight out of 10 non-owners indicated that owning a home is part of their “American dream,” yet confusion about down payment requirements is creating an issue and keeping those who would want to buy a home from getting into the market.

Being unable to afford to buy was the No. 1 reason non-owners cite as to why they don’t own. Unrealistic expectations about down payments have kept creditworthy borrowers with manageable levels of debt from exploring the prospects of buying a home,” said the Taos County Association of Realtors (TCAR) in a statement.

Those interested in buying their first home in 2017 should gather their financial paperwork, sit down with a lender to discuss their qualifications, and talk to family and friends for recommendations about a Realtor who can help them get started on their home search.

TCAR provided the following tips for renters who feel like they are ready to join those who buy a home with less than 20 percent down:

 

  • Review your financial situation and personal savings to determine how much you can comfortably utilize for a down payment.

 

  • Visit a few lenders and seek a mortgage pre-approval to determine how much money you are actually qualified to borrow.

 

  • Find a Realtor and discuss your budget and needs.

 

  • Rely on professional help from the experts.

 

For more on NAR housing stats, click here. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Manufactured Housing: More Bang for the Buck

January 19th, 2017 Comments off
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Inside of a Nobility manufactured home. Credit: Nobility Homes.

Bill and Mary Ann Ridenour became “empty nesters” recently, and were left with a 3,200 square foot house.

As many couples do in this situation, the Ridenours decided to downsize.

And they discovered the magic of manufactured housing.

When I tell people what we did they think I’m joking,” said Mary Ann Ridenour.

According to The Sentinel, their move is not uncommon.

As housing costs remain high in many parts of the country, many are discovering that manufactured housing is an affordable option.

The goal for the Ridenours was cost cutting, as Mary Ann, who works full-time as a court reporter, started a side business about a year ago. The couple wanted more cash to support her endeavor, so they wanted to eliminate their $1,800 monthly mortgage payment.

We were working our butts off to live in this big house that we didn’t need,” said Ridenour. “We thought, ‘Why are we paying this ridiculous mortgage on this home?’ It was strapping us.

They bought their 3-bedroom, 2-bath manufactured home with a half-acre of land about 10 years ago for $143,000 and moved into it last year. Ridenour admits that the decision to move into it took some adjustment.

It’s not a sign of a great accomplishment that I’ve moved from a big beautiful home to a trailer [sic],” said Ridenour with a slight laugh.

Once we swallowed our pride, we now find the awkwardness when people realize our living conditions amusing.

Mary Ann Ridenour says she and her husband are much happier without having to worry about money.

The Ridenours have discovered, as many others have, that the old stereotypes about “mobile homes” are just that – old stereotypes. Modern design and high quality at an affordable price are all benchmarks of modern manufactured homes.

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Credit: MHProNews.

 

Experts also agree that manufactured housing revives the dream of homeownership.

In some ways, this could be looked at as the new American Dream because the old American Dream has become unreachable for so many people,” said Daniel Levine, director of the Avant-Guide Institute, a business that watches consumer trends.

Emily and Jesse McBroom of Denton, Texas, are an example.

Emily and Jesse McBroom. Credit: The Sentinel.

They wanted to own their own home, pay down student debt and have money to travel. Paying $29,000 for their manufactured home on seven acres of land allowed them to do just that.

We could get a brand-new trailer home [sic] with the newest appliances and pay less than the cheapest rent in the area,” said Emily McBroom.

As Daily Business News readers are aware, most references to “mobile homes” by publications are incorrect, as the last mobile home was built in the U.S. in 1976.

For a more detailed history on the journey from mobile to manufactured homes, please click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

American Dream, Dead or Reborn?

November 23rd, 2016 Comments off
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Image and collage credits: Shutterstock, PanAtlantic and MHLivingNews.com.

The “Trump Victory [is] a boost for affordable housing and consumers,” says M. Mark Weiss, CEO of the Manufactured Housing Association for Regulatory Reform in a new article, linked below.

Many believe Donald Trump has the potential to go down in history as one of the most famous, or infamous, disruptors of all time,” says Jim Clayton, founder of Clayton Homes and Clayton Bank.  “The economy, regulations, and politics need disrupting. Stay tuned.”

MHLivingNews takes a fresh look at the policies and politics of the 2016 election, as seen through the lens of a variety of experts and manufactured housing industry professionals.  To see that article and the videos with it, please click here. ##

(Image credit is as shown above, on MHLivingNews.com)

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L. A. ‘Tony’ Kovach is the publisher of MHProNews.com, MHLivingNews.com and MH Consultant.

Submitted by L. A. ‘Tony’ Kovach to the Daily Business News on MHProNews.com.

Sunday Morning Recap-Manufactured Housing Industry News Feb. 28-March 6, 2016

March 6th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

Rancho El Mirage, new 55+ Manufactured Home Community Opening near Yuma, AZ

Tired of renting? Get the Scoop on Manufactured Homes

What’s New in Manufactured Housing Industry Professional News

American Dream lives. HUD Code production starts year strong. Patrick, Drew Industries acquire ancillary businesses. Congressman urges GSEs to buy chattel loans. Rent control equals price fixing. TRID Rule continues to hamper closings. New Durham MHC sets open house. New MH proposed for North Carolina MHC. DNC chair aligns with Republicans. Off-site housing spurs South Carolina development. D. J. Pendleton: Texas races just as hot as nationals. Pending home sales fall. RHP Properties adds to portfolio. Much, much more in news and views for you to peruse as you sip your morning jo.

Saturday, March 5, 2016

Rep. David Scott: GSEs should Purchase Chattel Loans

Friday, Feb 26

Sun Community Shareholders Buy and Sell Shares

Patrick Industries Acquires Electronics Distributor

Rent Control termed a Form of Price Fixing

Northstar Added to Stock Lineup; Dow Crosses back across 17k Mark

On Site Completion of Construction of Manufactured Homes Frequently asked Questions

Rent Increase at Calif. MHC has Residents Worried

Thursday, March 3

Minorities, Millennials Still Believe in American Dream

Dublin City Council Sets Timetable for Siting of Modular Homes for Homeless

MHCV Gains 3.14 Percent; AMG Advances 3.32 Percent

DNC Chair Switches Teams over Payday Lending

TRID Rule Continues to Hamper Mortgage Lending Industry

Caddis Capital adds Two More MHCs to Portfolio

Wednesday, March. 2

New Durham Estates to Hold Open House

Prospective MHC Owners Plan to Upgrade the Community with New Homes

Most MH-related Stocks Edge up

New Year Begins with Energetic HUD Code Production

National non-profit Suggests Manufactured Housing as an Option to Renting

Astounding Growth for Single-family Home Rental Company

Tuesday, March 1

Modular Builder in UK sees Profit Grow 29 Percent

Home Prices Rose 6.9 Percent Year-over-Year

Dow Advances 348 Points; MHCV Moves up to 1088.1

Off-site Housing Seen as Spur to Redevelopment in South Carolina

D.J. Pendleton: Texas Races are Hot—but Get Out and Vote Regardless

Pending Home Sales Drop in January

Monday, Feb. 29

Drew Acquires Manufacturer of RV Interiors

Buffalo Home Show to Feature Modular Home

MHCV Drops -2.24%; Carlyle Group Leads Gainers

RHP Properties Acquired 5,538 Home Sites In 2015

Patrick acquires Parkland Plastics

Bills would Begin to Address the Shortage of Affordable Housing

Sunday Morning Recap-Manufactured Housing Industry News Feb. 21-Feb. 28, 2016 ##

NAR releases 2013 Profile of Home Buyers, Sellers

November 20th, 2013 Comments off

Highlights-NAR-HBS-2013lawrence_yun,_nar_chief_economist=realtor-mag-realtor-org-The National Association of Realtors (NAR) recently released its 2013 Profile of Home Buyers and Selelrs. Saint Louis Today tells MHProNews the American Dream of home ownership is alive and well. Sixty-six percent of buyers surveyed are married couples, the highest percentage since 2001. The percentage of single home buyers dropped to 25 percent, which is a drop of 7 percent in the last two years. “Single homebuyers have been suppressed the last three years by restrictive mortgage lending standards, which favor dual-income households that are more likely to have higher credit scores,” said Lawrence Yun, NAR chief economist, about the survey results. “Affordability conditions remain favorable in much of the country, but consumers need access to safe and sound financing, particularly the 30-year, fixed-rate mortgage and with low down payment options for first-time buyers.”

You can download an abridged version of the NAR 2013 Profile of Home Buyers and Sellers here. ##

(Photo credit: RealtorMag)

Rents Rise as Homeownership Falls

November 6th, 2013 Comments off

According to zerohedge.com, the uptick in home prices is transitory and more due to the Federal Reserve’s support of the economy than with organic growth or stability of consumers, as the homeownership rate is stuck at an 18-year low at 65.1 percent, and rents rise to an all-time high, increasing again in Q3 2013. Noting the new normal American Dream is renting, Tyler Durden says, “The American Dream briefly became a full-blown nightmare when in Q3 mortgage rates exploded, pummeling the affordability of housing, and ground any new mortgage-funded transactions to a complete halt.” As MHProNews understands, supportive evidence includes the precipitous decline in disposable per capita income in the last five years.

(Image credit: Fotosearch–homeownership remains elusive for many.)