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Millionaires Survey IDs Top Threats to Their Wealth

December 18th, 2018 Comments off

 

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Sum it up in a word, uncertainty. But the details are insightful.

 

There are about 3.3 (+/-) percent of the population, or nearly 11 million Americans who are millionaires, per Spectrum n 2018.

 

Nearly11MillionUSMillionairesPerSpectrumGroupDailyBusinessNewsMHProNews

 

In a new survey conducted for CNBC, there are nearly 11 million millionaires, Robert Frank says that the biggest threat in the view of that millionaire class is the federal government’s dysfunction.

Here are their bullets:

  • When asked about the biggest threat to their personal wealth, the largest number of millionaires said government dysfunction (37 percent), followed by the stock market (32 percent).
  • Overall, their views remain highly political, with 41 percent of Republican millionaires predicting the economy will be better in 2019, compared with only 8 percent of Democratic millionaires.

Frank says that most are generally bullish about the economy itself, which is a data-point that other groups that measure the economy and sentiment have also concurred upon.  Here in the linked report in the box below is one example.

 

Blue Collar Worker Attitude, Outlook, Finances – Latest Data, Express-Harris Survey

 

Another example of that similar sentiment is below, which can likewise be accessed by clicking on the linked textbox.

 

Latest Consumer Confidence Report and Housing Demand

 

The NFIB in the fall had similarly overall positive reports too about the economy.  But will the now divided Congress change that rosy small business outlook?

 

NFIB’s Small Business Leadership Updates Stunning Data

 

Surveys questions can be framed in a variety of ways, which will naturally impact responses.  But as another recent CNBC report reflected, news – arguably some of it agenda driven news – is in part to blame for this ‘uncertainty.’  The economy itself, per several indicators, is sound.  JP Morgan Chase’s Jaime Dimon said last summer that for 20 years, U.S. tax policies have driven capital overseas.  Dimon is a Democrat.

JP Morgan’s CEO Jaime Dimon Sounds Off – “For 20 Years, We’ve Been…Driving Capital…Overseas,” plus MH Market Updates

 

Millionaires Survey Qualifiers and Other Findings

The qualifications to participate in this new CNBC survey of millionaires included an analysis of the investment attitudes and behaviors of 750 investors with $1 million or more of investable assets. “Respondents are required to be the financial decision-maker or share jointly in financial decision-making within the household,” said Frank.

Other findings:

 

  • The survey also highlights the fact that millionaire attitudes toward the economy and markets remain highly political, with 41 percent of Republican millionaires predicting the economy will be better in 2019, compared with only 8 percent of Democratic millionaires.
  • Fully 40 percent of millionaires surveyed say the economy will be just as strong in 2019 as it was in 2018, and 28 percent say it will be even better. Yet government dysfunction remains the greatest concern for investors regarding the economy (38 percent) and also to their own personal wealth (37 percent). Thirty-two percent believe the stock market has increased as a threat compared to the past, and worries over the national debt and immigration have increased.
  • While more than half of millionaire investors anticipate that the S&P 500 will be up more than 5 percent in 2019, 20 percent believe it will be flat.
  • When asked about their own returns, 37 percent said they expect returns of 4 percent to 5.9 percent, while 30 percent expect returns of more than 6 percent. Only 4 percent of respondents expect to be down in 2019.
  • Their longer-term outlook for future generations are also cautious: Only a third of millionaires say their kids will be better off than they are, while 37 percent said they will be worse off.

These results obliquely point to issues that has been raised several times on MHProNews.

 

Barron’s Reports George Soros Move Presaging Market Drop, Harming Manufactured Housing, FAANG Stocks

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#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

 

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

7 Reasons Why Manufactured Housing is Poised to for More Rapid Growth

July 14th, 2018 Comments off

7ReasonWhyManufacturedHousingIsPoisedForMoreRapidGrowthCNBCManufacturedHousingIndustryDailyBUsinessNewsMHproNewslogo

Nature abhors a vacuum. At the center of every business’ or industry’s success was the recognition of a need, followed by the steps required to fill that need.

 

The affordable housing crisis is well known and documented. What is less embraced are the causes and potential solutions, which includes manufactured homes, as well as other forms of factory-built or industrialized housing.  That’s opportunity in disguise.

The Daily Business News will spotlight today 7 Reasons Why Manufactured Housing is Poised for More Rapid Growth.

In no particular order of importance, the following are the seven reasons.

The 7 can be summed up in two words, “Money” and “information.”

1)   Record Equity. A decade after the housing/mortgage crash of 2008, the housing markets have recovered.  “The first three months of 2018 saw homeowners’ tappable equity surged by $380 billion to $5.8 trillion, the largest recorded,” states MPA, the Mortgage Professionals of America.

 

2)   There are many retailers and communities that know what the award-winning manufactured home retailer in the video below told MHLivingNews.com. Namely, that a large percentage of manufactured home buyers have first owned a conventional house. When some sell their house, they may pay cash or have more down payment to finance a manufactured home.  Some will borrow against a house in order to buy another home.

 

 

3)   The video above makes another important point for manufactured home professionals, investors, advocates, and the home buying public to know.  There are both entry-level and residential-style manufactured homes.  Both are necessary!  Each one – entry level, and residential style – benefits and complements the other. High-end producers or sellers are wise not to diminish their ‘shade and shelter’ kin, and vice versa.

 

NathanHararyMarketSnapshotAllAboutEquityFamilyFirstFundingManufacturedHousingINdustryDailyBusinessNewsMHproNews598

 

4)   Rapidly Rising Equity in Housing in the 1st quarter of 2018. Nathan Harary, Senior Loan Officer at Family First Funding tells MHProNews that “It’s all about equity.” As proof, he ticks off some specific examples of expert insights. By the way, when he says that 63 percent have a mortgage, that’s like saying that 37 percent don’t. Each kind of home owner is an opportunity in disguise for a savvy, ethical, and long-term thinking manufactured home marketers.

 

HomeownersareIntheMoney63PercentHaveMortgageFamilyFirstFundingLogoDailyBusinessNewsMHproNewslogo

When you say that 63 percent have a mortgage, that’s another way of saying that 37 percent are mortgage free.

 

5)   2018 1st quarter year-over-year growth.  Housing values rapid rise boosted equity by $1 trillion dollars in a a year. Wow!

NationalHomeOwnerEquity1stQuarter2018ManufacturedHousingIndustryMHproNewsFamilyFirstFundingLogo

A trillion dollars is equal to about 16,205,476 of the averaged priced manufactured home sold in December 2017, using Census Bureau data. So about half of that trillion dollars could pay for enough manufactured homes to meet the nation’s 8.3 million unit housing shortage, using NAR data.

 

6)   CoreLogic’s CEO’s statement.

CoreLogicPresCEOFrankMartellQuoteHomeEquityGrowFamilyFirstFundingLogoManufacturedHousingINdustryDailyBusinessNewsMHProNewslogo

 

7)   National Housing Data. The data and the trends, properly understood, are like a road map for the need for more factory-built homes.

HomePriceActivityNationallyFamilyFirstFundingLogoManufacturedHousingIndustryDailyBusinessNewsMHProNewsLogo

All of the above supports a factoid and quote that MHProNews has cited for months, and is shown below.  Namely, what the National Association of Realtor’s Lawrence Yun said about the need for more new homes.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

What the above comes down to, as noted previously, is money and information are the paths that must be used to fulfill the aspirations of millions.

Actionable information is motivating to a professional, and to housing seekers.

It should be noted that “poised” means “positioned.” Manufactured homes are in a position – for the 7 reasons cited above, as well as others to grow more rapidly.

So the above are not a guarantee. People, teams, and organizations are known to take a winning hand, and blow it.  The question is, what will you do with the hand dealt to you in your market?

Albert Einstein and Zig Ziglar both made similar observations.  The start of a solution is to start by understanding the problem. A need is a problem.  A problem is an opportunity in disguise.

Every challenge the industry faces – internally and externally – can debatably be met with a simple, effective and profitable solution.

There is work to be done, and opportunities to be tapped. Opportunity comes dressed in overalls. Are you ready to work for the next steps?  The linked items further below can be read for greater depth of understanding. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related References:

Investors, Heartbroken Home Owners, Site Building Giant DR Horton, and Manufactured Housing

Profits, Understanding Human Events, and Manufactured Housing

Life Hack Success Tip-Any Pro Can Do This-Monday Morning Manufactured Housing Sales, Marketing Meeting

Style or Substance? Lesson from Most Hated in America – Monday Morning Manufactured Home Sales, Marketing Meeting

What are the FACTS about Manufactured Housing Industry Traffic vs. Real Estate? MHVillage, MHProNews, Manufactured Housing Institute Data

IfPrettyPicturesVideosAloneWereEnoughMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews1

Learn more about the above, linked here.

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Mortgage Loans Applications “Tank” Two Looks at Rising Rates, MH Industry Impact?

February 22nd, 2018 Comments off
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Still from the video, posted further below.

 

Rates have moved closer towards 5 percent.

 

Loan applications are dropping, per the Mortgage Bankers Association (MBA).

 

What was problematic for conventional housing, 2 or 3 decades ago, used to be ‘good news’ for manufactured housing sales.

average-shipment-per-decade-manufactured-home-posted-on-mhpronews-com-d

Graphic provided by Ross Kinzler when he was then the executive director of the Wisconsin Housing Alliance (WHA).

That was then.

More recently, the HUD Code manufactured housing industry has not reaped a similar benefit as it did in the past.  Why not?  Those simple-yet-complex issues have been explored often on the Daily Business News, the Masthead and on MHLivingNews too.

ManufacturedHousingIndustryShipmentsFEMAManufacturedHomesNotMobileHomesTrailersIndustryResearchReportsDataMHProNews

Credits, MHI, Cavco.

In a nutshell, the industry’s image was arguably allowed to slide by the powers that be in manufactured housing.  Take the examples below.  Where is MHI on these problematic reports?

Combined with Berkshire Hathaway’s “moat” and anti-competition tactics – see the Clayton video linked below, as he says those things in his own words – and the MH industry’s mild growth, is clearly no where near the 500,000 new manufactured home shipments that it could be producing, per a variety of industry expert sources.

 

 

The numbers are getting uglier for potential homebuyers and homeowners looking to save money,” says left-of-center CNBC.Mortgage interest rates jumped again last week, causing mortgage application volume to fall 6.6 percent on a seasonally adjusted basis from the previous week.”

30YearFixedRateMortgagesCNBCDailyBusinessNewsMHProNews

 

Industry Pros Can Still Perform in Their Local Market(s)

The troubling news for conventional housing can be turned into good news for forward thinking manufactured home retailers and communities.

KYPs, and the $64 Billion Dollar Question-Monday Morning Manufactured Housing Sale$ Meeting

To learn more, click the link above and watch that video seminar featuring Credit Human’s Barry Noffsinger.

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Background, and Solution Related:

Deadline Looms! Federal Request for Comments on Manufactured Housing Program, and You

HUD Comment Letter – FR-6075-N-01 Regulatory Review of Manufactured Housing Rules

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.S Economic Update, GDP Quarter 2 Revisions, Manufactured Housing

September 5th, 2017 Comments off
GrossDomesticProductQuarter2RevisedCreditInvestAdvocateDailyBusinessNews

Featured image credit, Pixabay.

The revised second quarter estimate from the Commerce Department shows that the U.S. economy is stronger than originally thought, per CNBC.

The boost has been in part due to stronger business investments, and more consumer spending.

Last month’s gross domestic product (GDP) was reported to be up 2.6 percent during the second quarter. Economists had predicted that the revised number would likely be slightly higher, at 2.7 percent.

GDP Revised

When the Commerce Department’s revised report was released Wednesday was an even bigger increase than expected – at 3.0 percent.

Businesses made a significant impact on the economy in the second quarter. Spending on equipment jumped 8.8 percent, up from 8.2 percent the month before.

Investments on nonresidential structures grew by 6.2 percent – an increase from the originally reported 4.9 percent rate.

Consumer spending, which makes up more than two-thirds of the economy, grew at a rate of 3.3 percent. Originally, in July this was reported at 2.8 percent. This increase is due to more spending on items like vehicles, cell phones, housing and utilities.

USGDPChartCreditCNBCDailyBusinessNews

Image credit, CNBC.

Underlying domestic demand in the economy is consistent with near three percent growth but the supply-side of the economy is not capable of delivering such a pace of growth at this point,” said John Ryding, chief economist at RDQ Economics in New York.

Reports indicate that consumer spending came in part out of savings. The savings rate dropped from 3.9 percent in the first quarter, to 3.7 percent in the second. 

Since consumers cannot continue to spend from savings forever, there are doubts as to whether increased consumer spending at this pace is sustainable.

So far, in the third quarter business spending and retail sales appear to have held steady.  Of course Hurricane Harvey will be factored in soon too.

As Daily Business News readers know, Hurricane Harvey will increase demand for manufactured housing, as was reported Texas and Louisiana last week.

The impact on the national economy will be minor,” said Gus Faucher, chief economist at PNC Financial Services in Pittsburgh. “While some output will be lost in the wake of the storm, most of the difference will be made up in the months ahead.”

Damages from the storm are estimated to be upwards of $100 billion. Tens of thousands have been forced to leave their homes. Even with aid from FEMA, HUD, and regional manufactured home professionals, it’s going to be months-to-years before things start getting back to normal for survivors of Harvey.

Our point estimate remains for a small drag on growth in Q3: measured Q3 real GDP growth will be only slightly (~0.1ppt QoQ SAAR) lower due to Harvey,” Citi’s Andrew Hollenhorst said in a note Tuesday.

The output reduction could be greater if the disruption is longer lasting or if there are larger knock-on effects outside the region. For instance, stoppages at oil refineries could curtail activity further down the supply line.” ## (News.)

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JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to the Daily Business News for MHProNews.

 

 

New Home Sales Drops Sharply, Why? Video

August 26th, 2017 Comments off
NewHomeSalesDropSharplyPixabayDailyBusienssNewsMHProNews

Image credits, MHProNews/Pixabay.

New home sales took a steep 9.4 percent drop in the month of July.  This occurred after a stronger start to 2017 for the first six months.

The figures are per the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) announcement Wednesday.

At a seasonally adjusted annual rate (SAAR), there were only 571,000 units sold in July. That’s the lowest number since December 2016, and the biggest drop since August 2016, per CBNC.

The sudden drop was a surprise to economists who expected a 0.3 percent gain.

Volatility

New home sales are volatile on a month-to-month basis.  On single and multi-family housing, the numbers are determined through building permits. Year-over-year, new home sales for July were down by 8.9 percent.

The Daily Business News reported last month that housing starts were up in the month of June.  That trend obviously did not continue into July, as both permits and housing starts declined along with new home sales.

The median cost of a new home in July was $313,700, and the average selling price was even higher at $371,200. That price dramatically limits the  potential buyers for a new home.

IanshepherdsonCreditWikipediaDailyBusinessNews

Ian Sheperdson. Credit, Wikipedia.

This looks bad, but note that sales over the previous three months were revised up by a total of 46K,” Ian Shepherdson, chief economist for Pantheon Macro, said Wednesday, per UPI. “Prices are rising too, but the data are so volatile that it’s hard to be sure what the underlying trend rate of increase is at any given point.”

Regardless of the trend, conventional housing at these prices are out of reach for low and median wage workers.

The housing market is being hampered by a shortage of properties, which is driving up home prices. The new housing market has not capitalized on the acute shortage because of supply constraints facing builders, including labor, land and finance,” per CNBC.

The Daily Business News has also previously reported that a lack of new home building is one of the biggest contributing factors in the current supply and demand gap.

However, the high cost of building is making it harder to build affordable housing.

5PointsUSHousingCreditsPixabayDailyBusinessNews

Featured image credits, MHProNews/Pixabay.

According to UPI, the national inventory increased 1.5 percent to 276,000 units in July, the highest recorded since 2009. Yet new home sales still dropped by almost 10 percent with that increased inventory.


As Credit Human’s veteran Barry Noffsinger said in a recent video, the woes of these broader housing market are an open invitation for manufactured housing professionals.

Perhaps when more professionals put Noffsinger’s tips to work, the nation can rise on the global stage in home ownership, where it currently lags behind dozens of other nations.  See that report, linked here. ## (News, Analysis)

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JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to Daily Business News for MHProNews

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.

 

 

 

ADP Jobs Report for May Released

June 1st, 2017 Comments off
creditMHProNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

The numbers are in… Credit: MHProNews.

The monthly private payroll jobs report from ADP and Moody’s Analytics was released today, and it appears that President Donald Trump’s “America First” plans are taking shape.

According to CNBC, job creation surged in May thanks to a jump in construction positions and a boom in professional and business services, up 253,000, which is significantly higher than the expectations from economists surveyed by Reuters, which projected a number of 185,000.

creditCNBC-MarkZandi-postedtothedailybusinessnewsmhpronewsmhlivingnews

Mark Zandi of Moody’s Analytics. Credit: CNBC.

The growth is three times the rate of the growth in the underlying labor force,” said Mark Zandi, chief economist at Moody’s Analytics.

So that means the unemployment rate, which is 4.4 percent, is quickly headed to 4 percent. This labor market is rip-roaring and getting really tight.”


Leading the way in jobs created was the services sector, with 205,000 new jobs, professional and business services contributing 88,000 jobs, which represents the best month for the sector in nearly three years, and education and health services adding 54,000 jobs.

The report noted that the construction sector added 37,000 jobs as the building season heats up, while manufacturing grew by 8,000 jobs and mining grew by 3,000 jobs.

creditCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNBC.

As Daily Business News readers are aware, the mining sector has been one of the cornerstones of President Trump’s agenda.

Trade, transportation and utilities added 58,000 new jobs, and franchises add 18,400 new workers.

The positive report comes at a time where economists are doubtful that the Trump administration can deliver on its goal of three percent annual GDP growth, in part because the labor market is near full employment.

The report from ADP and Moody’s Analytics are regular precursors to the nonfarm payrolls count from the Bureau of Labor Statistics (BLS).

Economists estimate that payroll growth will come in around 176,000, down from the previous month’s 211,000.

 

The Proof is in the Pudding…

BigLeaguePresidentialDealsUnderminesDCNarrativeofStrugglingTrumpAdministrationcreditWhiteHouse1-postedtothedailybusinessnewsmhpronewsmhlivingnews

The President and First Lady visit Saudi Arabia. 300 billion in deals were completed during the visit. Credit: The White House.

As the Daily Business News covered in a feature story recently, while President Trump continues to make progress, including the lowest unemployment rate in decades, and the highest consumer, business confidence, and homebuilder confidence numbers in years, along with over $300 billion in deals with Saudi Arabia, what ELS Chairman Sam Zell colorfully called a “cacophony” of Deep State resistance has moved into high gear.

Even with that Deep State resistance, NFIB President and CEO Juanita Duggan, and industry organizations like MHARR, talked about the potentially massive impact that the Trump Administration could have.

Small business owners are clearly encouraged by the election results, but now it’s time for President-elect Trump and congressional leaders to deliver,” said Duggan.

Federal taxes, regulations, and Obamacare are the three biggest impediments to running a small business in America. Small business owners have high expectations that those problems will be addressed.”

For more on President Trump’s progress, and challenges, 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.

 

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Will Dr. Carson’s June Forum Promote Manufactured Housing?

May 30th, 2017 Comments off
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A HUD forum on housing is scheduled for June 1st. Credits: HUD, Patriot News Daily.

The office of U.S. Housing and Urban Development (HUD) Secretary Ben Carson, has announced a homeownership forum at its Washington D.C. headquarters scheduled for June 1st.

June is officially National Home Ownership month, focused on the impact that owning a home has on household wealth, stability of neighborhoods, and the broader economic health of the nation.

According to HousingWire, the theme for this year’s homeownership month is “Finding Your Place in a New Era of Homeownership,” and the forum is scheduled to begin on June 1st at 2pm Eastern.

Moderated by CNBC Real Estate Reporter Diana Olick, and featuring a group of expert panelists, HUD says it “will examine how the nation’s housing crisis is affecting consumer attitudes, especially for the growing population of millennials attempting to enter the market.”

 

Huge Opportunities for Manufactured Housing

In January, Secretary Carson showed a keen understanding of the opportunity that manufactured housing provides – quality, affordable housing and the American Dream being in reach for millions.

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Senator Dean Heller. Official photo.

When asked by Senator Dean Heller (R-NV) to describe, in writing, his view of the role of manufactured housing in the provision of affordable housing in rural areas, Carson had this response.

I do see manufactured housing playing an important role in providing affordable housing in rural areas. I think it’s important to ensure HUD’s policies promote access to this valuable resource,” said Carson.

This response came on the heels of a very personal, impassioned letter from MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach.

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L A ‘Tony’ Kovach, credit, MHVillage.

Let me begin by congratulating you and President-elect Donald J. Trump. By way of introduction, like youmy truly better half and I publicly supported Mr. Trump’s candidacy consistently against the many deceptive and even vicious tactics used by his opponents,” said Kovach.

You know what discrimination is and how it works. Most use the word discrimination in racial terms, which those enlightened by a proper understanding of the Word know is wrong. For the purposes of your upcoming role at HUD, let’s focus on the following aspect of the dictionary.com definition of discrimination:

…’treatment or consideration of, or making a distinction in favor of or against, a person or thing based on the group, class, or category to which that person or thing belongs rather than on individual merit.’

Discrimination, as you know, is often caused by ignorance.”

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Credit: MHLivingNews.

As Daily Business News readers are already aware, stifling regulations, government red tape and stereotypes about manufactured housing have led to a bottle neck that keeps the industry from effectively solving the problem of quality, affordable housing for many Americans.

There’s now real hope that Secretary Carson, with his keen understanding, can change that.

Millions today are trapped in poverty,” Kovach continued.  “As you stated months ago, the federal government often misuses resources that if left in the hands of ‘We, the People’ could be used far more effectively. But it will take time and effort to move giant bureaucracies – such as HUD – and millions back to the proper limits of law.”

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Credits: MHLivingNews, Sunshine Homes.

Billions of dollars annually are squandered by HUD for housing programs that long-term are unsustainable. Yet millions from all backgrounds have been hooked – so to speak, on those programs – which tends to trap and thus limit their human potential,” said Kovach.

 

MHARR President and CEO Mark Weiss, JD, also commented on the tremendous potential that Secretary Carson brings to the role.

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Mark Weiss. Credit: MHProNews.

MHARR congratulates Dr. Carson on his Senate confirmation to be the Secretary of the U.S. Department of Housing and Urban Development and looks forward to working with him to advance the role, the utilization and the affordability of manufactured housing – which must be federally-regulated because of its fundamentally interstate character — across the entire range of HUD housing and housing finance programs, and beyond,” said Weiss.

Under Dr. Carson’s leadership and in accordance with the mandate of the 2000 reform law, the status and role of the HUD manufactured housing program should be elevated within HUD, while the participation of manufactured housing within all HUD programs, on the same terms and same basis as other types of housing, is ensured.”

Secretary Carson also received the endorsement of four former HUD Secretaries – Henry Cisneros, Mel Martinez, Alphonso Jackson and Steven Preston for the role.

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Then President-elect Donald Trump, left. Dr. Ben Carson, center. Henry Cisneros, right. Image credit, Fox Business.

We write today, from both sides of the political aisle, in support of Dr. Ben Carson’s nomination as Secretary for Housing and Urban Development, a position we have all held,” the letter from the group said.

As secretary, we know that Dr. Carson will learn about what works, develop new innovations, measure outcomes, and achieve real results to improve communities throughout America. We urge the Committee to support Dr. Carson’s confirmation.“

For additional coverage of the nomination of Dr. Ben Carson, click here.

The full endorsement letter from the former secretaries is linked here. ##

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

 

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RC Williams, MHProNews.

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

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

First Quarter GDP Numbers Revised – The Verdict

May 30th, 2017 Comments off

Credit: Business Insider.

In another move from the Bureau of Economic Analysis (BEA), the group has revised its estimate for the Q1 real gross domestic product (GDP).

According to HousingWire, the bureau revised its estimate higher, increasing it to an annual rate of 1.2 percent in the first quarter of 2017.

The original estimate from the BEA showed the GDP had increased 0.7 percent.

 

The BEA noted that while it revised its estimate, the general outlook for economic growth remained the same.

Increases in nonresidential fixed investment and in personal consumption expenditures were larger and the decrease in state and local government spending was smaller than previously estimated. These revisions were partly offset by a larger decrease in private inventory investment,” said the report.

The report also cited that U.S. economic growth slowed less sharply in the first quarter than initially thought, and that the weakness was likely an aberration amid a strong labor market that is near full employment.

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Credits: HousingWire, BEA.

The sluggish first-quarter growth pace is, however, probably not a true reflection of the economy’s health,” said CNBC in commentary on the revision.

GDP for the first three months of the year tends to underperform because of difficulties with the calculation of data that the government has acknowledged and is working to resolve.”

 

The Trump Effect?

As the Daily Business News covered in a featured story recently, President Trump continues to make progress for American businesses and jobs, including the lowest unemployment rate in decades.

He enjoys the highest consumer, business confidence, and homebuilder confidence numbers in years.

Along with over $160 billion in ‘immediate’ federal and private business deals with Saudi Arabia, and some $300 billion more planned over the next decade, what ELS Chairman Sam Zell colorfully called a “cacophony” of Deep State resistance has moved into high gear. With a number of politicians, aided by a machine of media allies sets its sights on everything from dismantling his administration to outright calls for impeachment, President Trump continues to stand strong on his America First policies.

It’s SABOTAGE,” said President Trump in a White House press release to MHProNews.

The fake news media is working hand-in-hand with Washington’s corrupt bureaucracy to try to slow and block our America First Agenda.”

The special interests know they can only win when you, the American people, lose,” Trump continued. “But we’re fighting to break the special interest stranglehold around our country that has silenced our citizens, stripped our nation of its wealth, and bled America dry.”

 

The Manufactured Housing Industry Speaks

With President Trump’s election in November, many in the manufactured housing industry saw tremendous value in a pro business, pro growth administration stepping into place.

I don’t care whether you are a liberal, conservative, independent or something else – the bottom line with this year’s election was simply more of the same or something new, different or unique,” said Tim Connor, CSP.

With a personal background in business, rather than government, Mr. Trump – during the just-ended campaign – has been a consistent critic of innovation-stifling and job-killing overregulation and regulators who ignore or rationalize the far-reaching negative impacts of such regulations on the health of the economy, smaller businesses and consumers.” Said MHARR President & CEO Mark Weiss, JD.

For more on President Trump’s progress, and challenges, click here. ##

 

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

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RC Williams, MHProNews.

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

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Universal Basic Income-The Evolution of Poverty Pimping?

May 29th, 2017 Comments off
UniversalBasicIncomeTheEvolutionofPovertyPimpingcreditCommunitiesDigitalNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Are Democrats looking to keep doing what they’ve done to the masses? Trump’s plans could cause them problems. Credit: Communities Digital News.

In what many have called “Trumponomics,” the battle lines became even more clearly drawn last week.

At the Harvard commencement speech, Facebook founder Mark Zuckerberg made the call for Universal Basic Income (UBI).

Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” said Zuckerberg.

We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”

According to CNBC, Zuckerberg’s comments reflect those of other Silicon Valley bigwigs, including Sam Altman, the president of venture capital firm Y Combinator.

Because I knew I had a safety net if projects like Facebook had failed, I was confident enough to continue on without fear of failing,” said Zuckerberg.

Others, such as children who need to support households instead of poking away on computers learning how to code, don’t have the foundation. Universal basic income would provide that sort of cushion.”

 

Magic Money? Vote Buying Happy Talk? 

While the thought of free basic needs money for everyone sounds like a wonderful idea, the inevitable question becomes… how do you pay for it?

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Credit: YouTube.

Many Democrats have tapped into the “you need help, here you go” ethos for decades. With the revolution of social programs during the LBJ administration, the stage was set for generations that became dependent on social programs, and continued to elect candidates who promised to continue them.

And the perception of the promise has had tremendous value… to them.

Politicians and their media allies have learned a form of vote buying that may not require any deliverable payment… ever.

Promises are made, politicos are elected, and bills are passed…

…but no actual change takes place.

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The estimated $22 trillion dollars spent on the War on Poverty, which turned 50, exceeds the total national debt of some 20 trillion dollars. The poverty rate was coming down in the U.S. through free enterprise, and the perhaps well intentioned, but still misguided, impact of poverty programs has not proven to move the needle of poverty, as the graphic above demonstrates. Or as MHProNews publisher L. A. “Tony” Kovach said in Poverty vs. Prosperity, a recent Masthead post, ‘whatever you subsidize, you tend to get more of it.’  The Trump Administration seems to be taking a phased approach to winding down programs and regulations that have proven not to perform as advertised.

Former President Barack Obama signed a bill into law that was supposed to give equal pay for equal work.

Yet the Obama White House staff, the Clinton campaign and the Clinton Foundation – for all the happy talk of wage equality – were documented NOT to pay women equally to men.

 

So… How Do You Pay For It?

Michael Steele. Credit: Atlanta Black Star.

In a recent radio interview, former RNC Chair Michael Steele posed an important question in response to Zuckerberg’s call for UBI.

Why doesn’t he start with his own organization and put in a standard minimum income for all of his employees and see how that works for his shareholders,” said Steele on the Sirius XM’s Breitbart News Daily.

It’s what you say when you want to sound like you’re with it and cool, you know, I’ve got this real progressive view on taxes and everybody owes everybody else. You do your thing, let me do mine and we’ll work it out. The government doesn’t need to be going around setting anybody’s minimum on anything.”

 

The Trump Effect – The Desert… of the Real

What President Trump started during the campaign, and has continued during his administration, is exposing many of the fallacies that have led to 20 trillion in federal debt, huge trade imbalances, a loss of manufacturing and energy jobs to other nations.

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A Harvard study shows how media has covered the President over the first 100 days. Credit: Harvard.

And, as the Band-Aid is now being ripped off… the painful process of revealing and then rolling these fallacies back, those who have politically benefited react in the way that they know best.

Democrats have long argued for $15 minimum wage, yet according to a class action suit filed by DNC campaign workers, the party failed to pay them even the current minimum wage. This past week, Democrats in Congress on Thursday introduced a bill that would increase minimum wage to $15 an hour by 2024, and used their media allies to set the narrative.

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Credit: YouTube.

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Sen. Bernie Sanders. Credit: Wikipedia.

What we are here today to say is that a living wage is $15… if you are working 40 or 50 hours a week, you should not be living in poverty,” said Sen. Bernie Sanders (I-VT.)

If Republicans and President Trump are truly serious about standing up for workers, they’ll join us in fighting for a $15 minimum wage. … We’re going to continue fighting tooth and nail for this,” said Sen. Chuck Schumer (D-NY).

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Senator Check Schumner (right), with Harry Reid. Credit: Politico.

 

Meanwhile, President Trump has just returned from his first overseas visit, closing billion dollars of business designed to deliver hundreds of thousands of good paying jobs to U.S. shores.

President Trump’s triumphant visit to the Middle East is likely to be remembered as the occasion that changed not just United States foreign policy, but potentially the balance of power in the region,” a statement from the White House’s 1600 Daily email read.

 

The Bottom Line

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The President sits down with the Saudis. Credit: The White House.

President Trump and his administration are working to get to the root cause of the multi-decade long problem of flat wage growth, which can be summed up in the widely approved phrase, “the law of supply and demand.”

By addressing and attacking low wage worker inflow, unfair trade deals, taxes and regulation, repatriation of billions offshore, public private partnerships and energy independence, the administration is using the law of supply and demand to deliver solutions.

The markets are betting that Trumponomics is already working and will continue to work, as record growth continues.

The NFIB, MHARR and others are calling for, and support, many of these same changes.

The Daily Business News will continue to monitor and report on the various groups – including advocacy media – that attempt to shift or spin the discussion from the realities that are necessary to properly understand and act upon needed changes for sustained economic growth. ##

(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.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)