Archive

Posts Tagged ‘Bloomberg’

Manufactured Housing Institute on Urban Institute, Bloomberg, National Association of Realtors Reports Praising Manufactured Homes

January 10th, 2019 No comments

 

MHILogoManufacturedHOusingInstituteOnUrbanInstituteBloombergNationalAssociationRealtorsReportsPraisingManufacturedHomes

Imagine for a few moments that a law would allow you to place a new HUD Code manufactured home someone wants to purchase in one of the numerous areas where they are currently being zoned out by local officials.  There is arguably no need to imagine that, because that law exists. It is a federal law already on the books. To set the table on this analysis, it is useful to read or refresh yourself on the topic of “enhanced preemption.”  That’s an important and useful provision under the Manufactured Housing Improvement Act (MHIA) of 2000.

 

Yesterday, the Daily Business News on MHProNews presented an eye-opening fact-check that underscored where you can most easily find information online when searching Google for “manufactured housing” and “enhanced preemption.”  That report can be accessed by clocking on the hotlinked text/image box below.

 

Surprising Discovery on Manufactured Housing’s Enhanced Preemption, Hidden Gem$

 

Next, imagine that you wanted to tell your fellow Americans the facts about the good news of manufactured housing.  In the course of the year, several third-party research items make the news, which on balance, were favorable to the industry.  You’d want to refer to some of that research, wouldn’t you?

Common sense suggests, yes. Just as companies use testimonials to bolster their claims, so too industries, companies, or institutions routinely point to outside research by a third-party that ‘makes their case.’

Yesterday, and today, two separate reality-checks are going to make something ever more clear.  Using their own website’s search tool, MHI has apparently no content on their own website that says anything about ‘enhanced preemption.’

Furthermore, after discovering the above, the industry’s most-read trade media – MHProNews – did an additional check.

Is MHI showcasing the positive third-party reports about modern manufactured homes on their own website?

Again, based upon the results shown from their own website search tool, the surprising – shocking, and disappointing – answer is, no.  MHI has made no mention of the positive research on their own website of the reports by the Urban Institute, Bloomberg, or National Association of Realtor research.

 

BloombergUrbanInstituteManufacturedHousingInstutyteLogoMHIlogowebsiteFactCheckMHProNews

 

What’s going on?

 

NationalAssocRealtorsRealtorUniversitySitesearchManufacturedHOusingInstiuteLogoMHILogo

 

Fair and Balanced…

One of the searches for those 3 positive reports on manufactured housing provided a link to this article linked here, which is reproduced under fair use guidelines for media. The linked article is overall okay. But there is not one word about enhanced preemption, while they do raise the argument of “Affirmatively Furthering Fair Housing” (AFFH).

If challenged, either an appeal to AFFH or “enhanced preemption” would likely have to be adjudicated. An industry attorney observed that while both could be useful arguments to advance the industry’s interests, the AFFH argument requires both factual research/evidence but also a legal argument.  By contrast, the Enhanced Preemption assertion requires only a legal argument, a simpler case.

 

Furthermore, HUD Secretary Ben Carson has already said publicly that “I hear you” to the manufactured home industry’s concerns and issues.  Given that the Trump Administration has said that it wants to enforce the law, isn’t it just common sense that the simpler argument at least be raised by the industry’s largest trade group?

 

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

 

In the light of the first report linked above and here, a non-MHARR industry producer emailed yesterday to say that MHI is “as worthless as tits on a boar hog,” a colorful, if sexist sounding, assertion.

MHProNews publisher L. A. ‘Tony’ Kovach represents the growing numbers of industry voices with more sobering concern.  Kovach says that there is a case to be made that the “Omaha-Knoxville-Arlington Axis” – which obviously has made MHI it’s favored industry trade group – is allowing actual and artificial headwinds to limit the industry’s growth and recovery.  That in turn allows larger companies to slowly, steadily “consolidate” smaller ones that weary of the barriers to remain or enter the industry.

 

 

 

In that view, articles like the two below are window dressing. “You could call these MHI articles razzle dazzle, red herrings, window dressing, or head fakes,” Kovach said. “It’s like their latest emailed news update.  Not one word about the drop in new manufactured home shipments.  Instead, you have a bunch of photos of people who met in Washington, D.C.  You have plenty of plugs for their next events, which are profit centers. So, where is the actual performance of MHI? As the classic Wendy’s commercial asked, ‘Where’s the beef?’”

 

 

The articles on zoning and manufactured housing used in their claimed battle for using more manufactured homes as affordable housing are as linked here.  The images that are shown therein have been added by MHProNews to juxtapose what MHI has done, with the sometimes stark comments by others – including MHI affiliates and members – on the topics of enhanced preemption and the promotion of the industry that they claim to represent.  In the light of such facts, is it any wonder that a new national trade association is taking shape?  Or that rumblings for another to represent independent retailers and others are growing? See the related reports, linked further below. ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

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.

New Association Weighs In, Giving Credit Where It’s Due, Opportunitie$, But Winds of Change Challenge Manufactured Housing’s Future

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

Independent National Manufactured Housing Post-Production Association Takes Major Step

 

 

 

 

 

 

Enemies of Manufactured Homes, Communities; Rent Control, MHAction, George Soros, Ignorance, & Entropy

September 22nd, 2018 Comments off

 

EnemiesManufacturedHomesCommunitiesRentControlMHActionLogoGeorgeSorosIgnoranceEntropyMobileManufacturedHousingMHProNews

The headline isn’t an all-encompassing list of those bulleted items, individuals, or groups that act as opposition or de facto “enemies” which artificially stifle the advancement of manufactured homes, homeowners, and professionals. But they do capture the flavor of important realities confronting the most proven affordable permeant homes built in the U.S. today. Specifically, HUD Code manufactured homes.

 

Linked reports that document various points herein can be read later for greater depth of understanding on that aspect of this subject.

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

 

The Urban Institute, Bloomberg, and the National Association of Realtors have all had stories and reports this year that on the surface are positive and useful in various ways for advancing the truth about manufactured housing.

 

Bloomberg “New Home for $90,000? Manufactured Housing Is Making a Comeback” Reveals MH Media Challenge

 

The Urban Institute phrasing of their data and reports particularly merits scrutiny, which their January 2018 study is covered in the related report and the links from it, which are found in the analysis linked below.

 

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

What may appear at first blush to be good news for the industry begs the question that the Urban Institute asked in January 2018. Given the affordable housing crisis, and the fact that manufactured homes are well positioned to address the need, why are so few HUD Code manufactured housing units being built?

 

Why is manufactured housing under-performing from its historic norms, as this chart from Skyline-Champion reflects?

 

ManufacturedHomeMHShipments1990-2017DailybusinessNewsManufacturedHousingMHProNews

 

Lawrence Yun, Chief Economist for the National Association of Realtors ® (NAR), says that only by homebuilders getting busy can solve the need for an estimated 8.3 million housing unit shortfall.  Tech gurus say that only factory-based homebuilding will close that gap.  So why aren’t the sales of HUD Code manufactured homes (MH) soaring?

 

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

 

Why are RVs – which trailed MH shipments 20 years ago – now outselling MH by some 5 to 1?

 

WinnebagoRVWholesaleshipmentDataManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Among the headwinds are individuals, and organizations that by accident or design are behaving in ways contrary to the interests of home owners, home seekers, and most manufactured housing professionals.  That is most notably true for MHVille “independents.” As an example,  tent control is an issue that’s widely misunderstood, and thus merits careful examination to reveal how it harms home owners, affordable housing seekers, and many businesses too.

 

2018-09-22_0801RentControlMobileManufacturedHomesGoogleDailyBusinessNEwsMHProNews
2018-09-22_0809MHAction2018MHActionNMHOARentControlProtestsManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Above and below are some recent headlines, in screen captures from Google and alternative search engine, DuckDuckGo.

 

DuckDuckGoSearchResultsMHActionRentControlMobileManufacturedHomesDailyBusinessNewsMHProNEws

 

These are examples of what Marty Lavin, JD, a Manufactured Housing Institute (MHI) award winning professional, has called “the [manufactured housing] industry’s other image campaign.”

There are routinely far more negative stories that fill the news and ether than positive ones.  As MHProNews has uniquely documented for some years, there are positive reports about modern manufactured housing that date back for over 2 decades.

 

GeorgeSorosWikipediaDailyBusinessNewsMHProNews527

Hungary’s [Prime Minister] Viktor Orbán has turned on George Soros.” = The Guardian. “Israel defends Hungary’s ‘antisemitic’ portrayal of George Soros…” = The Independent. Soros has backed groups like MoveOn, ACORN, and New York Communities for Change, which in turn has aligned with MHAction.

20 years ago, manufactured housing sales were soaring.  Today, they are snoring. While it is true that lending was “loose” 20 years ago, that alone doesn’t explain the disparity. Because loan quality doesn’t change the reality that there were demonstrably more customers actively seeking manufactured homes.

Demand is a function of news, marketing, education and desire.  This has been proven with client work by MHProNews’ related consulting/business development services operations.  In varied local markets, we’ve demonstrated that sales can soar, given proper adjustments in training, media engagement, and other proprietary methods. When sales can profitably grow by hundreds of percent year-over-year or in a 24 month time-frame, those cases are clear indicators that it can be done by others too.

 

DuckDuckGoEntropyDefinedLossInformationTransmittedMessageManufacturedHousingIndustryMHProNews

 

Logic and geniuses like Albert Einstein alike tell those willing to listen that doing more of the same, will only create a similar result.

It takes effort to change, or as John Bostick – President of Sunshine Homes – keenly observed, “Easy doesn’t pay well.” Change requires effort, and effort – energy is the antidote to entropy, the status quo, and more of the same.

People like George Soros could, in theory, be ‘won over.’ But Soros – and billionaires like Tom Steyer, Bill Gates, Jeff Bezos, and Warren Buffett – are demonstrably politically-aligned fellow travelers. They each supported in various ways former President Barack Obama and Secretary Hillary Clinton backed agendas. They’ve all grown vastly in wealth, while supporting candidates and causes that appear to be contrary to their interests. But when examined closely, big government has helped – not harmed – the wealth of billionaires.

The agendas of those named above – which are out in the open for all to see – have been demonstrably harmful economically to the interests of the vast majority of Americans, including manufactured home owners, and professionals. See related reports, linked below. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovach(C)2017MHproNewsBy L.A. “Tony” Kovach – publisher of industry-leading MHProNews.com and MHLivingNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

Thousands get it. It’s the most read headline news in all of manufactured housing. To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

Sign Up Today!

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

MH Communities, Owners, MH Independents Alert – NMHOA and MHAction Next Steps? – Part 1

 

Improving Resale Values: Manufactured Home Owners, Professionals, Shoppers – NMHOA & MHAction, What’s Right, Wrong, Supply & Demand – How to Achieve Mutual Victories

 

“Disastrous,” “Uncompetitive” “Takeover” of “Government Sanctioned Monopoly” Blasted in Congress as Bi-Partisan Fix Unveiled

Facebook, Marketing & News – Manufactured Housing Pros, Sarah Miller, ‘Citizens Against Monopoly’ Sound the Alarm

Wall Street Journal – Tech Giants are Monopolistic Threat to Businesses, U.S. Economy

Affordable Housing Revolt! Amazon’s Jeff Bezos Video Responds to “Breakup” Growing Monopoly, and Manufactured Housing

 

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Blackstone Brilliantly Bets Big On Manufactured Housing, Enters Manufactured Home Communities Contest

July 27th, 2018 Comments off

 BlackstoneGroupBXEntersManufacturedHousingBigBuyManufacturedHomeCommunitiesTriconLifestyleLogoDailyBusinessNewsMHProNews550x315

 

Blackstone Group LP has made its first bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc., according to people with knowledge of the matter,” said Bloomberg earlier today.

As the Daily Business News on MHProNews reported earlier this month, Tricon sold their portfolio to an undisclosed buyer.  Bloomberg says that buyer is The Blackstone Group (BX).

Sale of $172 Million Manufactured Home Community Portfolio Completed

“…a principal investor and asset manager focused on the residential real estate industry, has completed the previously-announced sale of its 14-park manufactured housing investment vertical known as Tricon Lifestyle Communities (“TLC”) to an institutional asset manager for a gross transaction value of approximately $172 million.”

A Blackstone representative declined to comment and a Tricon representative didn’t respond to requests for comment,” said Bloomberg.

Manufactured housing communities are comprised of prefabricated homes often located near common facilities such as pools and recreation halls. This area of real estate is in favor with investors, in part because of the rising costs of homebuilding. The average price of a new manufactured home in the U.S. was $73,400, according to U.S. Census Bureau data that was last updated in February,” was Bloomberg’s better-than-average mainstream media description of the industry.

Blackstone isn’t the first institutional investor to dive into manufactured housing,” their report correctly noted. “Singapore’s sovereign wealth fund GIC Pte. in 2016 was part of a group that acquired a majority stake in YES! Communities.”

TriconLifestyleCommunitiesManufacturedHousingLandLeaseBusinessDailyBusinessNewsMHProNews

Tricon announced that they planed ‘an orderly exit’ from manufactured home communities in 2018, per a 2017 company statement. The details of that deal are now becoming more clear.  Given their size, this has the potential to be as significant to the industry as Berkshire Hathaway’s entry into manufactured housing in 2003. 

Centerbridge Partners LP was an early investor in Carefree Communities Inc., which was acquired by Sun Communities Inc. in 2016. Apollo Global Management LLC owns a majority stake in Gold River, California-based Inspire Communities and Carlyle Group LP has also been active in the sector,” wrote Bloomberg’s Gillian Tan.

Evercore ISI analysts said in a note this month that they expect manufactured housing fundamentals to remain strong,” said Tan, “with projected core same-store net operating income growth of 4 percent to 4.5 percent annually over the next three years, substantially above the 2.5 percent average growth the firm expects from U.S. real estate investment trusts.”

Equity LifeStyle Properties Inc. and Sun Communities, two REITs with sizable exposure to manufactured housing, have both outperformed the Bloomberg U.S. REITs Index over the past 12 months,” per Tan’s report.

 

About Blackstone

Our investments are designed to preserve and grow our limited partners’ capital, provide financial security for millions of retirees, sovereign wealth funds, and other institutional and individual investors, and contribute to overall economic growth,” per the “Who We Are” on their corporate website.

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. The firm was founded in 1985 by Stephen A. Schwarzman, our Chairman and Chief Executive Officer, and Peter G. Peterson, who retired as Senior Chairman in 2008,” per the company.

BlsckstoneManufacturedHomeCommunitiesSectorManufacturedfHousingIndustryDailyBusinessNewsMHProNews

Thirty years later, we are a firm of nearly 2,300 employees in 25 offices worldwide. Our portfolio companies employ more than 460,000 people across the globe,” which also touts that “At Blackstone, we apply our capabilities as a leading global investment firm to deliver solutions, unlock value and propel growth. The capital we deploy on behalf of our investors fuels the development of businesses and communities. The investments we make are the wellsprings of future opportunity. Through this work, we seek to ensure a secure retirement for millions.”

Blackstone has been added to our Daily Business News evening closing ticker for manufactured home industry connected tracked stocks.

For those not yet familiar with the appeal to the manufactured home industry, or the communities sector, the related reports further below will prove insightful. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

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:

Realtor University, Journal for the Center of Real Estate Studies, Makes Corrections– “The Market for Manufactured Homes,” by Scholastica ‘Gay’ Cororaton, CBE

Harvard’s Joint Center for Housing Studies 2018 – Affordability, Manufactured Homes, and Modular Housing Report

Hundreds of New Manufactured Home Communities Opened, But How Many Have Closed? Industry Research Result$

“Why Advocates Need to Rethink Manufactured Home Quality,” Harvard, GSE, Genz, “High Satisfaction”

 

8 Trump Voters, One Year Later – How They Feel, per Bloomberg

November 28th, 2017 Comments off

84BattleGroundstatesBloomberg!YearLaterDonaldTrumpVotersIt’s been a little over a year since the historic voting that thrust first time candidate Donald J. Trump into the White House over Democratic rival Secretary Hillary Clinton.

Much of the news media – across the left-right media bias spectrum captured in the graphic further below by Sharyl Attkisson – were in shock on November 9th when the Clinton campaign conceded the race in a phone call.

Against that backdrop, left-leaning Bloomberg reported the following.

In the aftermath of November’s election, there was the sense in many East Coast circles that it wouldn’t take long for the voters of Middle America to regret their decision to put Donald Trump in the White House,” per Bloomberg’s writers – Esmé E. Deprez , Jeff Green, Mark Niquette and Elise Young.

Nine months later, we’ve found few signs of such remorse,” they said.

We’ve been tracking a group of Trump supporters from the four key Heartland states that helped swing the election:

Wisconsin, Pennsylvania, Ohio and Michigan,” per their report.

True, there has been slippage in support for him in some cases, but what comes through clearly is that the emotional bond between the firebrand politician and his base remains very strong. Here they are–eight portraits in all–in their own words.”

LeftRightMediaBiasChartDailySharylAttkissonDailyBusinessNewsMHPronEws

MHProNews notes the original story is linked further below, and will only show the top lines with this brief commentary.

When a non-push-poll (a manipulative kind of survey) is used, others in media have had similar findings to Bloomberg.

Is that a surprise?

8.7%MedianExistingHomePriceIncreaseNARFoxDailyBuisnessNewsMHProNews

With

  • unemployment at a 17-year low,
  • with consumer confidence at a 17-year high. And
  • the markets having set dozens of records since the election, there are practical reasons why voters are staying loyal to the president and Vice President Mike Pence, who both affirmed, “We are going to be in the promise keeping business.”

Here’s the 8 President Trump voters, and how they rate him one year after the vote.

Byrn Biemeck, Milwaukee, WI.

BrynBiemeckMilwaukeeWI31SingleTrumpVoterBloombergHowTheLikePotusTrumpTodayDailyBuisnessNewsMHProNEws

Michael Makowski, Concordville, PA.

MichaelMakowskiCOndorvillePA54SmallBusinessMarriedBloombergDailyBusinessNewsMHProNewsAnn Peterson, Rochester, MI.

AnnPetersonRochesterMI52YearOldRealEstateBloombergDailyBuisnessNewsMHProNewsGeno DiFabio, Youngstown, OH.

GenoDiFabioYoungstownOH54DriverMarriedBloombergDailyBusinessNewsMHProNewsKim Woodrosky, Wilkes-Barre, PA.

 

KimWoodroskyWilkesBarrePA53RealEstateInvestorBloombergDailyBusienssNewsMHProNewsTom Anslow, Port Clinton, OH.

TomVivianoSterlingHeightsMI50ProgramManagerAutoAutmoationMarriedBloombergDailyBusinessNewsMHProNews

William Chaney, La Crosse, WI.

WilliamChaneyLaCrosseWI41AccountExecWholesaleMortgBloombergDailyBuisnessNewsMHproNewsTom Viviano, Sterling Heights, MI.

TomVivianoSterlingHeightsMI50ProgramManagerAutoAutmoationMarriedBloombergDailyBusinessNewsMHProNews533

Why are they loyal?  As noted, the president and his administration have been in the promise keeping business.

Mulvaney Moves Quickly to Start Reigning in the CFPB

Last night’s closing numbers, plus the spotlight report and the Trump effect on the markets – 1 year later – are all found at the link below.


We Provide, You Decide.” © ##  ## (News, tips, and commentary.)

Experts Answer, Where’s the Top of this Market? MH Update$

(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.

 

 

 

Need Capital? Meet the 15 Member, Trillion Dollar AUM Club

October 12th, 2017 Comments off

WorldsLargestAssetmanagers29.8TrillionVisualCapitalistDailyBusinessNewsMHProNewsMoney rules the world, and doubtless also, here and there, the bit of love within it…” ― Robert Walser.

Follow the money,” and “Pay more attention to what people do than what they say.” – Marty Lavin, MHI award winner and industry veteran.

  • Before a:
    new factory,
  • a community acquisition,
  • or almost any serious business move is made in manufactured housing or other industries,

the capital to back the project has to be lined up.

So it is interesting to note that based upon facts supplied by Bloomberg, Willis Tower Watson and the various funds noted below own websites, Visual Capitalist has created the infographic of the 15 largest funds in the world.

TrillionDollarFundsAssetsUnderManagementAUMVisualCapitalistDailyBusinessNewsMHProNews

VC calculates that 83 percent of these funds are based in the U.S.

They could be called the Trillion Dollar AUM Club, with AUM short for Assets Under Management.

TrillionDollarAssetClubVisualCapitalistDailyBusinessNewsMHProNews720

It should be noted that every day the markets are open, using data compiled from Bloomberg, Yahoo Finance, Fox Business, CNN Money and an array of other sources, the Daily Business News brings the industry its first and still only manufactured housing industry connected market report.  Last nights report is linked here.  ## (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 Daily Business News for MHProNews.com.

OPEC Disarray May Yield Manufactured Housing Industry Hooray

June 26th, 2017 Comments off

OilPumpingDrillingOilOPECDisarryYieldsManufacturedHousingIndustryHoorayDailyBusinessNewsMHProNewsIn the 1970’s President Jimmy Carter urged the nation to turn down thermostats as a way of conserving resources, to become “energy independent” from foreign countries. Some wags suggested Americans lower our body temperature below 98.6 as a means to conserve energy.

Now, some forty plus years later, the Trump administration has a different take.

OPEC in Disarray

(Julian Lee, Credit; LinkedIn)

Julian Lee, in Bloomberg, says, “It may be too soon to write OPEC’s obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of where it is, how it got there or where it’s going. While it still manages to collect new members here and there, its core group looks more fragile than at any point in nearly 30 years.”

In November of last year crude oil production hit a low point, following OPEC’s output agreement, and while prices rose since then to around $57 a barrel, they have returned to around $45 a barrel despite OPEC’s extension of production cuts. 22 countries cut production by nearly 1.8 million barrels a day, but instead of raising prices, they fell.

A barrel of oil is now trading at about the same price as nine months ago. Further, the rift between Saudi Arabia and Qatar is the most serious split since Iraq invaded Kuwait in 1990.

OPEC output cut temporarily raised prices, but extension of cuts this month did not. Graph credit: Bloomber LP

Trump Presidency Promotes Energy Exports

Perhaps key is the Trump administration’s repealing Obama-care mandates restricting fossil fuel development, its proposal to repeal the Clean Power Plan, and more auctions of oil and gas leases in the Arctic and Atlantic Oceans.  The rolling back of regulations, including the proposal to alter Dodd-Frank provisions that stifled manufactured housing production, is sending welcome relief to many industries, including energy production.

(Kevin Book, Credit: Center for Strategic and International Studies)

Trump is reorienting our national rhetoric toward ‘dominance,’” said Kevin Book, analyst with ClearView Energy Partners LLC. “Captives crave independence; competitors strive to dominate. It’s a shift from getting by to getting ahead.”

The U.S. is now on track to produce 10 million barrels of oil per day on average next year, reports the Energy Information Administration, shattering a record set in 1970.

It’s not just oil and natural gas that President Trump is pushing, it’s about coal as well as solar,  wind, and nuclear power that will not only create jobs but also re-establish the United States as a major player on the world stage by increasing exports.

An increase in the export of metallurgical coal used in steel production has reignited Eastern Seaboard dock shipments overseas. The federal government has authorized the exportation of 21 billion cubic feet a day of liquefied natural gas. Since Dec. 2015 the U. S. has exported over 157 million barrels of crude oil.

(Dave Banks, Credit: LinkedIn)

Energy Abundance is Becoming the New Watchword

The fact that we’re no longer in the age of energy scarcity — that we’re in the age of energy abundance — positions the United States in a totally different place,” said Dave Banks, a special assistant to the president for international energy. “This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.

Canadian Oil Drilling Cautiously Regaining Momentum

In Canada, according to CBC.CA, the run up in oil well drilling proved profitable initially for the Sanjel oil services company, but the quick rise proved ruinous when the price of oil began to crash three years ago. Laden with heavy debt, the company was sold off in pieces, and now ARC Financial is operating under the same name but is only cementing oil wells. It is a much leaner and cautious company.

Shane Hooker, Credit: LinkedIn

Says Shane Hooker, chief executive of Sanjel Energy Services, “We’ve been very measured and disciplined in our growth, so that we’re not growing and then retracting and growing and retracting. We may not grow with all of the boom, but we’re certainly not going to bust with all of the bust.”

Donald Trump said he intends to be the greatest job creator ever, and his words are bearing promise as opportunities are increasing. The economy, stock markets and confidence are up, the unemployment rate is down, and job creation leads to manufactured home production.

Crude Oil Prices Expected to Stop at around $40

Philip Streible, Credit: Linked IN

Phil Streible, RJO Futures senior market strategist, expects the sell-off to continue in the short term. “That oil inventory total that we have is 26 percent above the five-year average. So, quite a bit of oil out there; I would also expect gasoline stocks to risein the coming sessions, Streible said Friday on CNBC’s “Trading Nation.” “The drawdown we’ll expect is just right around 1 million barrels for crude oil, so data coming out of course is going to be quite bearish for oil going forward,” he said. His target is roughly 7 percent lower from oil’s settle on Friday.

Michael Catanzaro, Credit: desmoblog

U. S. Back on Center Stage                                                         

It’s about utilizing our abundance of resources at home to create jobs and grow the economy, and at the same time use those to strengthen America’s leadership and influence abroad,” said Michael Catanzaro, a special assistant to the president on domestic energy. ##

 

 

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

Submitted by Matthew J. Silver to Daily Business News on MHProNews.

 

 

 

Meet ÖÖD, $50,000 Mirrored PreFab Installs in 8 hours

June 8th, 2017 Comments off

MirroredGlassPreFabOOD50kPreFabModularManufacturedHomeDailyBusinessNewsMHProNewsPrefab goes in disguise with these sleek tiny dwellings from Estonian company ÖÖD. With mirrored glass facades—reminiscent of Portuguese prefabs inspired by minimalist artists—ÖÖD homes blend into their surroundings, appearing especially sublime in rural or natural landscapes,” crows Curbed.

Designboom sings, “ÖÖD promises that in eight hours anyone can build up their own pre-fabricated house or even start an accommodation business similar to AirBnB. The concept, born in Estonia, introduces the ÖÖD house / hotel room as a well-designed, mini dwelling offering a compact but comfortable 200 square feet space composed of a bed, kitchenette and bathroom.”

OODestoniaminidwellingmodularprefabmanufacturedhomeprofessionalnewsmhpronews

Treehugger trumpets, “Mirrored glass prefab from ÖÖD is an instant AirBnB.”

Meet ÖÖD, $50,000 Estonian Mirrored PreFab

The unit is designed to be a hotel room type of structure. With stylish mirrored glass, and iconic styling that oozes class, the units are a cool $250 per square foot, so no threat to HUD Code manufactured homes most aggressive price point.

OOD_tiny_house_EstonianHotelUnitPrefabManufacturedModularHomeDailyBusinessNewsMHProNews

Photo credits, Curbed, ÖÖD.

ÖÖD is another reminder, though, that the media croons over prefab, tiny houses and even pricey prefabs.  In a recent report, we noted that CNN favorably touted modular and prefab homes.

OOD_tiny_house_12_EstonianHotelUnitPrefabManufacturedModularHomeDailyBusinessNewsMHProNews

Photo credits, Curbed, ÖÖD.

OOD_tiny_house_8_EstonianHotelUnitPrefabManufacturedModularHomeDailyBusinessNewsMHProNews

Photo credits, Curbed, ÖÖD.

Some industry pros might wonder…where’s the love for manufactured homes?

OOD_tiny_house_6_EstonianHotelUnitPrefabManufacturedModularHomeDailyBusinessNewsMHProNews

Photo credits, Curbed, ÖÖD.

Love for the HUD Code’s manufactured homes is out there, increasingly, to be sure – as MHLivingNews routinely reports.  But there’s more downer stories than positive ones, a fact the industry’s professionals must routinely respond to as they arise.

BloombergHousingWireRealtorFoxNewsManufacturedHomesImportantSolutionAffordableHousingAmericaMobileManufacturedHomeLivingNews

Given the U.S. affordable housing crisis, the home above at about 1/5 of the cost per square foot of an OOD, this home and its value looks pretty amazing, doesn’t it?

But the hunger and thirst for stylish, affordable factory built homes is there for those in the HUD Code industry – and other parts of factory built housing – for all of those with the eyes to see. ##

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

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

New Data from NAHB on Cash Sales for Homes

May 5th, 2017 Comments off
NewDatafromNAHBonCashSalesforHomescreditNAHBMPAMagMarletteHomes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Manufactured Housing: a “front and center” solution. Credits: NAHB, MPA Mag, Marlette Homes.

New information from the National Association of Home Builders (NAHB) shows an interesting dynamic taking place with cash sales for homes.

According to MPA Page, NAHB’s analysis of recent census date showed that cash sales accounted for only 4.7 percent of new home sales, down from a peak of 9.5 percent in Q4 of 2014. The marks the lowest level since 2010.

By comparison, conventional mortgages were the dominant financing source for new home sales, coming in at 72.5 percent, the second-highest share since Q4 of 2014.

In an interesting note, the National Association of Realtors (NAR) noted that, despite the small percentage of cash finances in new home sales, a large share of existing homes are sold for cash.

In February 2017, cash sales made up 27 percent of existing home sales – the highest level since November of 2015.

NewDatafromNAHBonCashSalesforHomescreditBuyingBedfordRealEstate-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Buying Bedford Real Estate.

Other data from the NAHB report showed that FHA loans placed second behind conventional loans at 14.8 percent, followed by VA-backed home sales with 8.1 percent.

In the period between the 2001 financial crisis and the recession in 2008, VA loans averaged just 2.9 percent, but increased significantly to 9.3 percent on average after the recession in 2009.

 

Opportunities for Manufactured Housing Abound

solutionusaffordablehousingcrisishidingplainsight-mhlivingnews-billmatchneertonykovach-posteddailybusinessnewsmhpronews

Credit: MHLivingNews.

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 continue to make 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, and when provided by third parties, are shared under fair use guidelines.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

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

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.

housingstartsseebiggestgainsintenyearscreditmenofvalue-postedtothedailybusinessnewsmhpronewsmhlivingnews

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.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

Homebuyer Confidence – March Report

April 11th, 2017 Comments off
HomebuyerConfidenceMarchReportcreditInvesopedia-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Fannie Mae.

Although overall consumer confidence rose in March, consumer confidence in home buying slipped almost four percentage points for the month.

According to the Fannie Mae Home Purchase Sentiment Index (HPSI), confidence decreased 3.8 percentage points to 84.5, following a record high in February. The index showed that the share of people who reported that now is a good time to buy a home fell 10 percentage points, while the share reporting that now is a good time to sell increased by 9 percentage points.

The share of Americans who say that mortgage rates will go down over the next twelve months fell 5 percentage points, to a new survey low, and the share of those who think home prices will go up decreased by 1 percentage point this month.

Home purchase sentiment gave back some of the gains accumulated over the prior two months that sent the index to its survey high in February. Strong home price appreciation has turned into a double-edged sword for the housing market as it boosted the net share of consumers saying it’s a good time to sell to a record high, surpassing the plunging good time to buy indicator for the first time in the history of the survey,” said Doug Duncan, Fannie Mae senior vice president and chief economist.

HomebuyerConfidenceMarchReportcreditFannieMae-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Fannie Mae.

In addition, the net share of consumers who expect mortgage rates to rise over the next year exceeded that experienced during the 2013 taper tantrum. However, the housing market could get some tailwinds from a seasonal rise in for-sale inventory, particularly as some sellers seek to lock in profits from recent rapid home price gains. The market could also get a boost from homebuyers who decide to jump into the market before rates rise further.”

The HPSI provides information about consumers’ home purchase sentiment from Fannie Mae’s National Housing Survey (NHS) into a single number. The HPSI reflects consumers’ current views and expectations of housing market conditions.

 

Manufactured Housing Front and Center?

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 ability to significantly cut down on production time, provide a high quality product to federal standards, all at a lower price point serves as the ideal solution to inventory and housing challenges. The titans of business recognize the opportunity as well, as giants and independents alike are actually “doubling down” on the industry.

For more on manufactured housing being the solution that’s hiding in plain sight, see MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach’s insight into the opportunity linked 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