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Governor Declares May 6th-12th “Manufactured and Modular Housing Week”

May 2nd, 2018 Comments off

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Governor Kay Ivey has signed a proclamation declaring the week of May 6th through May 12th to be “Manufactured and Modular Housing Week.”

 

The proclamation was issued in recognition of the 50th anniversary of the signing of the national Fair Housing Act and the 49th anniversary of the founding of the Alabama Manufactured Housing Association (AMHA).

In a release to the Daily Business News about the Alabama Gov. Ivey’s declaration, the AMHA added, “We are grateful that Gov. Ivey has chosen to recognize our industry and the industry’s contribution to the state’s economy,” said AMHA Chairman David Brewer. “Our industry in this state creates thousands of jobs, pays millions of dollars in tax revenue and, most importantly, helps millions of people throughout the country achieve the American Dream of homeownership.”

One out of every six Alabamians lives in a manufactured or modular home,” said the AMHA to MHProNews.

Alabama also consistently ranks among the top four states in the nation for manufactured housing production. Alabama’s 13 manufactured housing plants create around 4,000 jobs, while thousands more jobs are created by the industry’s service providers, retailers, installers, community owners and finance companies,” per the AMHA.

Data from the Manufactured Housing Association for Regulatory Reform confirms the AMHA point.

MHARRTop10ManufacturedHousingProducingstatesDailyBusinessNewsMHProNewsAlabama’s manufactured housing industry also plays a role in responding to the nation’s natural disasters by providing temporary emergency housing.  Those HUD Code “FEMA units” are built at the request of the Federal Emergency Management Agency, for those who have lost their homes as a result of tornados, hurricanes and other natural disasters.

A lot of people don’t realize just how important Alabama’s manufactured housing industry is to our state and our country,” said AMHA Deputy Director Lance Latham. “This proclamation is a great way for us to raise awareness about our industry and the homes we build. We appreciate Gov. Ivey taking the time to recognize our industry and honor those who are involved in the industry or live in one of our homes.”

Manufactured homes are the only type of housing that is built to a national standard.

All manufactured homes must be built to construction and safety standards established by the national Department of Housing and Urban Development (HUD).

Manufactured homes are inspected by government-contracted personnel during construction.

All “manufactured homes that are installed in Alabama – including pre-owned homes – must be inspected by the state and meet the state’s federally-approved installation standards,” said the AMHA.

Along the coastal region of the state, manufactured homes must meet Wind Zone 2 standards, meaning they can withstand sustained winds of at least 100 miles per hour,” said the release, while the rest of the state is Wind Zone 1.

Manufactured homes are built using many of the same materials that are used in site-built homes.  That said, they “are less expensive because manufacturers save money by buying materials in bulk and building the homes inside a plant using a more efficient process that allows manufacturers to avoid costly weather delays and higher labor costs that can increase the price of a site-built home.”

Census Bureau data suggests that manufactured homes are about half the cost of conventional construction, on a per square foot basis, with land costs not included in either case.  ## (News, analysis and commentary.)

 

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

Related Reports:

State Inspector Becki Jackson – Safety & Quality of Manufactured Homes

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https://www.manufacturedhomelivingnews.com/the-ultimate-manufactured-home-industry-fact-data-and-insights-bullets-plus-at-a-glance-infographic/

 

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Mortgage Servicers Rankled by CFPB’s Accusations

March 12th, 2014 Comments off

Deputy Director of the Consumer Financial Protection Bureau (CFPB), Steven Antonakes, speaking at the Mortgage Bankers Association’s (MBA) Servicing Conference, pointedly blamed the servicers for the many foreclosures outstanding and the home owners still underwater on their mortgages. According to nationalmortgagenews.com he said, “This kind of continued sloppiness is difficult to comprehend and not acceptable. It is time for the paper chase to end.” Despite his harsh words, other CFPB personnel at the conference were more interested in working with servicers in the future than laying blame for the past. However, CFPB program manager for mortgage servicing, Allison Brown, noted a high number of consumer complaints concerning mortgage servicing, especially those with an approved loan modification in place. As MHProNews.com understands the bottom line: The CFPB wants to work with servicers, but the close scrutiny will continue, so servicers need to refine their compliance management. ##

(Image credit: mortgageloanrealtor.com)

Affordable Modular Homes Available; Applicants’ Credit Lacking

June 17th, 2013 1 comment

The North East Community Action Agency (NECAC) in Hannibal, MO has joined the Next Step Network which gives them the opportunity to buy modular homes from Clayton Homes at 10-15 percent below market price. The goal is to provide low cost housing for people of modest means. Carla Potts, NECAC’s deputy director for housing development, says the homes range in price from $115,000 to $151,000 including delivery to the site, and are highly energy efficient. However, no one in the targeted community has been able to qualify for a mortgage to purchase a modular home since the program began earlier this year. As MHProNews has learned from whig.com, while this is an ongoing project with no timeline, there is a shortage of available lots conducive to a modular home, and some subdivisions have restrictions that do not allow modular homes.

(Photo credit: National Association of Home Builders–modular home under construction))

Personnel Changes Inside the Beltway

November 14th, 2012 Comments off

HousingWire reports Raj Date, deputy director at the Consumer Financial Protection Bureau (CFPB) will be leaving his post next year. As industry expert and consumer advocate, Date was the acting director from the inception of the agency in July 2011 until Richard Cordray took over the position. Mortgage Bankers Association (MBA) CEO David Stevens says Date was beneficial to the industry and the CFPB, and hopes Date is replaced with someone of equal caliber and ability. Meanwhile, leadership changes in Congress could have a large impact on the housing industry. The Senate Banking Committee has 12 Democrats and 10 Republicans with two Democrat spots open. Will Elizabeth Warren, the engineer of the CFPB, sit on this committee? Stevens points out Rep. Jeb Hensarling (R-TX) could become Chairman of the powerful House Financial Services Committee, and Rep. Maxine Waters (D.Calif.) may become the new ranking member of that committee. As MHProNews has learned, Stevens does not expect much in the way of regulatory alterations anytime soon, but is concerned about a possible new treasury secretary and the replacement for FHFA acting director Ed DeMarco.

(Photo credit: HousingWire)

New CFPB Director Fills Staff Positions

January 6th, 2012 Comments off

According to HousingWire, Richard Cordray, the newly-appointed director of the Consumer Financial Protection Bureau (CFPB), chose Raj Date as the agency’s first deputy director. Originally the head of research, markets, and the regulations division, Date took over from CFPB architect Elizabeth Warren as special advisor to Treasury Secretary Timothy Geithner. He has served as the de facto head of CFPB pending Cordray’s appointment, which was effected during the Senate recess this week. Kent Markus, previously chief counsel to Ohio’s governor, was named by Cordray as assistant director of the office of enforcement.

(graphic rcedit: CFPB)