Archive

Posts Tagged ‘builders’

New Steps to Fill Skilled Jobs for American Businesses, including Manufactured and Modular Housing

July 19th, 2018 Comments off

NewStepsToFillSkilledJobsForAmericanBusinessesIncludingManufacturedandModularHousingDailyBusinessNewsMHProNews

What are skilled workers?  “Its training the works for the skills that industry needs,” said Linda McMahon, who heads up the federal Small Business Administration (SBA).

 

Johnson Controls, makes numerous products, including heating, ventilation or air-conditioning systems and fire alarms, for housing, business and for manufactured home firms too.

Johnson Controls has partnered with Lincoln Tech, a leading provider of specialized technical training, to provide expanded career opportunities for graduates and help lay the foundation for the workforce of the future by providing the essential training needed to be successful in a technical career, according to Johnson Controls CEO George Oliver in an op-ed to Fox Business.

The White House, in a statement to the Daily Business News on MHProNews, touted approximate 3.2 million jobs created since President Donald J. Trump took office.

It should be noted, for accuracy’s sake, that When SBA’s McMahon said in the video posted that there’s been 3.7 million jobs created, she’s likely referring to the number of jobs since Election Day 2016.


McMahon notes that welders and construction workers are among those skilled positions needed, and those are among the jobs that manufactured home professionals – notably in production centers – are seeking too.

More than one HUD Code producer has told MHProNews that they are prepared to expand, open a new or re-open a previously shuttered production center, once they secure what they see as the necessary workforce.

These are real-world hurdles that face everyone in construction, which includes manufactured housing.

But these are positive hurdles – and at least in theory – a savvy factory producer or entrepreneur can more effectively train, and thus ramp up more quickly, than a site builder. Who says?  MHI and MHARR member factory-builders, among others.

 

 

Earlier today, the White House hosted a pledge to the American Worker event, where First Daughter Ivanka Trump spoke, and President Trump signed a new executive order.

The National Federation of Independent Businesses (NFIB) has told MHProNews on numerous occasions this year that filling jobs are a big issue.  NFIB has hundreds of manufactured housing industry connected companies among their roughly 325,000 total small-business members.

Manufactured housing industry professionals and executives have said similarly directly to the Daily Business News.

There are over 6 million jobs open in the U.S., and more openings than there are workers applying. The economy is moving.  So these are healthy – even if throbbing – growing pains.

With the passage of S. 488 in the House this week on a near unanimous, bi-partisan basis, there may be reason for some optimism – even in an election year – for serious efforts to advance the needs of businesses and workers ahead of the rapidly approaching midterms. When was the last time a bill passed 406 to 4?  See the related report, linked below.

Who Says Bipartisanship is Dead? House Passes Massive “JOBS & Investor Confidence Act” S 488 by 406 to 4 Vote

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

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

Related Reports:

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

White House Signing Ceremony on Historic Pro-Growth Financial Regulatory Reform

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.

U.K. Builders Eye Prefab in Anticipation of Brexit

March 14th, 2017 Comments off
UKBuildersEyePrefabinAnticipationofBrexitcreditReuters1-postedtothedailybusinessnewsmhpronewsmhlivingnews

A prefab home in progress on site. Credit: Reuters.

While the U.K. continues to struggle with an affordable housing crisis, a new concern for some of the larger homebuilders in the country has cropped up.

Those leading homebuilders, including Berkeley, Taylor Wimpey, and Persimmon have said they are either planning new developments of prefabricated homes or are considering doing so.

Their challenge is two fold – to solve the affordable housing crisis, and the potential for an even larger loss of skilled construction workers that could be brought on by Brexit.

According to Global Construction Review, a report by Dutch engineer Arcadis in February estimated that the homebuilding industry as a whole could see a reduction of as many as 214,000 workers by 2020 should the U.K exit the European Union.

The situation would be felt most in and around London, where 95,000 of London’s construction workers – more than a quarter of the total, have EU nationality.

Berkeley has said that they will produce their first factory built homes this year, beginning with 16 homes in London, but they have 50 more homes in the pipeline.

Taylor Wimpey is also exploring ways to ‘future proof’ our business and is considering offsite construction options,” said divisional managing director John Gainham.

Persimmon has maintained a factory in central England for a long time, which is part of a business called Space4, that makes prefabricated timber frames for about 40 percent of all its houses.

Space4 is now looking at proposals to either increase volumes at our existing factory or building another factory elsewhere in Britain,” said regional executive Richard Oldroyd.

We have a desire to reduce the company’s dependence on traditional labor like bricklayers.

UKBuildersEyePrefabinAnticipationofBrexitcreditReuters2-postedtothedailybusinessnewsmhpronewsmhlivingnews

The Persimmon factory. Credit: Reuters.

As regular Daily Business News readers are already aware, insurance giant Legal & General has said that they have the secret for modular and prefab lending, and they are setting up a 550,000-square-foot factory near Leeds, intended to be “the largest modular homes construction factory in the world.

LegalandGeneralRevealsWhatsNeededforModularPrefabLendingcreditLegal&General-postedtothedailybusinessnewsmhpronewsmhlivingnews

Legal & General factory. Credit: Legal & General.

All of the various initiatives clearly have the large incumbents thinking about what’s next.

Fundamentally, the construction industry has been doing some things the same way for hundreds of years,” said Berkeley Chairman Tony Pidgley.

Historically, we had the labor … But the challenge is different now.

For more on modular and prefab housing in the U.K., including China National Building Material Company (CNBM), Barcelona Housing Systems and U.K. housing association Your Housing Group (YHG) joining forces to build six prefab factories that will deliver 25,000 energy efficient homes per year by 2022, 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.

Proposed Trump Tax Reform, Does it Change Affordable Housing Finance?

January 17th, 2017 Comments off
ProposedTrumpTaxReformDoesitChangeAffordableHousingFinancecreditNPR-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NPR.

President-elect Donald Trump has put forward a number of aggressive initiatives to spur or grow the U.S. economy.

On the subject of taxes, questions about the ramifications from changes abound.

And, the opportunities for the manufactured housing industry come clearly into focus.

According to National Mortgage News, proposed corporate tax reform is said to be causing delays in bank-backed financing for low-income housing projects amid a severe U.S. shortage of affordable units.

Investments by banks in housing developments have hit snags in the two months since Republicans swept the elections, according to bankers, auditors and affordable-housing advocates.

ProposedTrumpTaxReformDoesitChangeAffordableHousingFinancecreditLinkedIn-postedtothedailybusinessnewsmhpronewsmhlivingnews

Rob Likes. Credit: LinkedIn.

The sense that tax reform is within reach for the first time in decades immediately slowed things down,” said Rob Likes, national manager for community development at KeyBank.

We’re hearing about that from our clients and from the market.

 

One of the challenges that has been discussed is that the affordable housing market relies on subsides via the low-income housing tax credit program. Builders and developers use the credits to fund large portions of the cost of new housing projects.

Banks, in turn, make equity investments in the projects by buying the tax credits and in return claim a range of tax benefits over a period of 10 years. Some of those banks have told developers that they will reduce the amount of their investments in an effort to ensure the deals are profitable in the event that corporate tax rates drop.

Those moves create last minute gaps in financial plans that were potentially years in the making.

Different banks are approaching this differently,” said Buzz Roberts, CEO of the National Association of Affordable Housing Lenders.

Some banks have taken a ‘bit of a pause’ on making new investments, describing it as a ‘prudent’ move as banks wait for clarity on corporate rates.

Housing advocates and bankers said that they are generally confident that the low-income housing credit will remain intact, noting bipartisan support for the program.

Another possibility:  lawmakers may also expand the low-income housing tax credit program as part of a tax overhaul.

ProposedTrumpTaxReformDoesitChangeAffordableHousingFinancecreditNovogradac&Co-postedtothedailybusinessnewsmhpronewsmhlivingnews

Michael Novogradac. Credit: Novogradac & Co.

The probability of [Congress scaling back the low-income housing credit] goes up if people take it for granted,” said Michael Novogradac, managing partner at the accounting firm Novogradac & Co. “A strong advocacy effort is underway.

While things look promising, some banks are still scaling back their presence in the short term.

This is an unusual situation,” Roberts said. “We haven’t really seen a moment where tax reform seemed this likely in quite a number of years.

 

The Opportunity for Manufactured Housing

Offering consistent quality and effective pricing, the manufactured housing industry is well positioned to thrive under whatever tax reform plan ends up being implemented.

DonaldTrumpBenCarsonControversialPickHUDSecretaryManufacturedHousingMHLivingNews

With Dr. Ben Carson on the way to confirmation as Department of Housing and Urban Development (HUD) secretary, doing everything possible to assure Americans have the ability to secure quality, affordable housing will be at the top of the list for HUD.

For a deep dive into Carson’s nomination, including views from the MH industry, 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.

Zillow’s Predictions for U.S. Housing Market Under Donald Trump

November 29th, 2016 Comments off
Donald_Trump__newsmax_media postedDailyBusinessNewsMHProNews

Credit: Newsmax.

With the election of Donald Trump, many are trying to predict what’s to come for the U.S. economy in 2017 and beyond.

Zillow recently shared its predictions for the U.S. housing market in 2017, including:

  • which demographic segment will have more homeowners,
  • that buyers may have to spend more as builder attempt to cover costs,
  • and how much home values may grow in 2017.

For those considering new construction in 2017, it’s worth considering the added cost that may come amidst ongoing construction labor shortages that could get worse if President-elect Trump follows through on his hardline stances on immigration and immigrant labor,” said Dr. Svenja Gudell, Zillow’s chief economist.

The firm thinks that the president-elect’s stated plan to deport criminal illegal aliens will hurt conventional construction labor shortages.

Zillow predicts more millennial buyers. There are 80 million millennials in the U.S., so millennials will drive up the homeownership rate. The online real estate tracking and data firm also believes that rental rate increases will slow in 2017.

businessjournal-credit-posteddailybusinessnewsmanufacturedhousingindustrymhpronews-_001

Photo credit, Business Journal.

Based on Zillow’s survey of over 100 economic and housing experts, the company thinks home U.S. values will grow 3.6 percent in 2017. National home values have risen 4.8 percent so far in 2016.

For a related story on the NAHB view and how manufactured housing pros can respond to the construction labor shortage, click here. ##

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

Modular Homes becoming a new Jersey Shores thing

August 22nd, 2013 Comments off

image-credit-totalmortgage-modular-home-under-construction-posted-daily-business-news-manufactured-housing-pro-news-Updating the recent story on Scranton PA based Westrum Development is installing a two story Cape Cod modular home on the post hurricane Sandy Jersey shore the firm built in just 28 days. Cost for Westrum’s three-bedroom modular home, says totalmortgage and the Wall Street Journal, is $179,000. 10 homeowners in Breezy Point, Queens are applying for permits for modular homes. Westrum’s goal is 3,000 more modular homes, targeted mostly for locations in New Jersey and Long Island, NY. Meanwhile, Jeffrey T. Evans, Executive Director Government & Corporate Relations of Benchmark Worldwide, LLC – a prefab builder using metal Structural Insulated Panel (SIP) – says “What do I think of these modular homes? The answer is “not much.” compared to his building process. As MHProNews knows, system builders are all-too-often busy disrespecting each other’s product rather than pulling together to promote the kind of positive factory built housing vision found on ModularHomeLivingNews.com or the GoRVing campaign. ##

 

(Photo credit: totalmortgage)

 

2013 Tunica Manufactured Housing Show – by the Numbers

April 1st, 2013 Comments off

attracting-more-customers-with-cash-good-credit-seminar-2013tunica-show-posted-mhpronews-com-Increased optimism, higher attendance and more sales by factory-builders were reported by those who attended the 2013 Tunica Manufactured Housing Show. Kevin Flaherty, Vice President of Marketing at Champion Enterprises, told MHProNews that “Champion had a very successful show with most retailers citing a significant increase in lot traffic starting 60 days ago.  While appraisals and financing still exist as hurdles, there is a definite feeling that this year will outpace 2012.  It appeared that all manufacturers placed a greater emphasis on interior design components with exciting applications found throughout the show.  The number of supplier displays and the activity at their booths is further evidence that confidence in manufactured housing is returning!” Dennis Hill, Show Coordinator for the Tunica Show confirmed that statement, saying, “All of the factories I spoke with reported this was a selling show.”

Others made similar comments.

By the numbers, attendance at the Show was up in every category in 2013 over 2012.

2012 vs. 2013

37 – 62 = Builder/Developers (167% increase over 2012)

48 – 82 =  MH Community owners/managers (170% increase over 2012).

39 – 45 = Installers (115% increase over 2012)

899 – 1,045 = MH Retailers (116% increase over 2012)

Compared to 2012 when 2,028 attendees and exhibitors came to the Tunica Show, 2013’s final report reflected a grand total of 2,204 attendees and exhibitors.

All attendees who took part in the educational seminars were asked to give a written evaluation of their experience. On a scale of 1 being the poorest and 5 being the best, all presenters and/or panels were ranked by attendees as a 4.0 (“good”) or better. When asked “Is having business building seminars a positive, appealing attraction for coming to the Tunica MH Show?” with 1 = no attraction to 5 = a “strong attraction,” attendees rated the seminars as a 4.82 overall attraction (good to strong). ##

(Photo Credit: Lisa Tyler for MHProNews)

 

Virginia County Prepares to Exit Housing Slump

December 28th, 2011 Comments off

Photo of Manufactured HomeFrom Virginia and the Tidewater News, MHProNews.com finds a tale about housing woes there. One builder quoted in the article says he went an entire year without a housing start. The article confirms, Southampton County experienced a 15-year low for new-home starts in 2011. To date 2011 had just 39 building permits compared to 164 in 2005. Of the 39 homes permitted in 2011, 22 were of stick construction or modular homes worth a total of $4.4 million. The average home cost $202,153. Another 16 permits were obtained for manufactured homes, what the article incorrectly refers to as single- and double-wide “trailers.” The average singlewide cost $14,140 and double-wide, $75,682. A rebound is expected next year.

(Photo Credit: Eric Miller)

Living Room May Vanish by 2015

March 8th, 2011 Comments off

According to a recent survey of builders and consumers by the National Association of Home Builders (NAHB), by 2015 half of all builders think the living room will be merged with other rooms in the home.  Nearly a third say it will vanish entirely.  The entryway and dining room will also likely decrease, and the family room will become larger, likely incorporating the kitchen, living room and entryway.  The recent housing crisis will lead new home builders to reduce the overall size by more than 200 square feet.  Sixty-eight percent of the builders said the homes of 2015 will feature more energy and water efficient systems with an Energy Star rating for the entire house.