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Democratic and Republican Policy Dilemmas, Affordable Housing, Economic Growth, and Manufactured Homes

February 18th, 2019 Comments off

 

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Let’s be clear. The publishers of MHProNews are political independents. We believe that affordable housing is a non-partisan issue.

 

A new report stresses the notion that Democratic and Republican lawmakers can and are working across the partisan political divide to promote manufactured homes as an important part of the solution for the affordable housing crisis.  That’s an encouraging example that Washington, D.C. could successfully embrace.  See that report by clicking on the linked text/image box below.

 

 

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

 

Ideally, bipartisan efforts to advance affordable housing could spell job plus household wealth creation.  The right policy supports and/or changes will either make common sense cures easier, or harder.  See the report below to learn more.

 

 

While MHProNews’ questions the practicality and constitutionality of many parts of the so-called Green New Deal, there are some stated positions taken by Democrats that we editorially believe makes sense. For example, Senator Elizabeth Warren has previously laid out a good case for antitrust action based upon existing law. We applaud her on that score, but more important, would encourage and celebrate its ASAP adoption.

 

Who Will Act? Will Senator Elizabeth Warren, and/or the Trump Administration Act to Restore Open Markets, Thereby Supporting Affordable Manufactured Homes?

 

House Financial Services Committee Chair Maxine Waters and some of her colleagues raised a warning a few years ago about Clayton Homes and their lending/businesses practices. That should be pressed by Waters and all on the House Financial Services Committee (FSC).

 

 

President Trump and some Republican lawmakers are similarly raising concerns about monopolistic practices that can unjustly twist the political process.  That goes beyond manufactured homes, and focuses on the tech giants known by the acronym #FAANG. While we believe in free enterprise, we oppose warped forms of rigged capitalism.  Free enterprise has rejected the trusts – monopolies – for decades.  That’s a position that Democrats and Republicans could agree upon. Beyond FAANG, Berkshire Hathaway and Microsoft (#BM) arguably should arguably be broken up under antitrust laws.  Doing so would achieve what Professor Scott Galloways said in the quotation below about the big four, but could be applied beyond those 4 to #DeFaangBM.

Put differently, there is a broad consensus that could be forged to advance not unconstitutional wealth redistribution, but rather enforcement of laws that may fine or punish some who have broken various laws.  That could also give more opportunities for new businesses and existing ones to emerge.

 

 

There is no logic or need to jettison what made America the wealthiest nation on earth. Rather, what is necessary is to apply the “American Way” principles of equal justice under the law that Democrats, Republicans, and Independents have effectively achieved at various points in times past.

 

Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

 

Breaking up monopolies is good public policy. Advancing affordable housing – including, but not limited to – the liberal use of manufactured housing just makes good sense too.

 

HomeOwnershipRatesUSCensusBureauDailyBusinessNewsMHProNews

It’s a disgrace that America is not in the top 20, 30, or even 40 nations on earth in the rate of home ownership.

 

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Home ownership, as HUD Secretary Ben Carson often said during his first year in office makes a significant difference in growing the personal wealth of Americans.  Renting households, said Carson, have an average household net worth of $5,000.  The average home owner, by contrast, has a net worth of some $200,000.  The most proven form of affordable housing has been manufactured homes.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

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

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Citizens can’t easily stop political posturing or game playing.  But what voters can do is encourage their elected representatives to promote the proven solutions now that routinely don’t even require new legislation.   What is needed is enforcement of existing laws.

MHVille Exclusive – Democrats Senators Sign Anti-Competitive Practices Letter to DoJ, Plus MH Market Updates

 

Democrats and Republicans each have billionaire supporters.  Money won’t be taken out of politics anytime soon.  The FAANG and BM have armies of lobbyists.  They will want more regulation, not an antitrust breakup.  But only an antitrust breakup will achieve what is needed for the American people.

 

Brad Says POTUS Trump is Right: More than Facebook & Twitter, Google Threatens Democracy, Online Freedom

 

Implementing an agenda that is non-partisan and can give each side ‘political victories’ by using existing laws is a simple notion whose time has come. Polls reveal that the public wants bipartisanship, and they are also catching onto the serious levels of ‘fake news’ that exists.

 

Trust in News, Washington Post vs Investors Business Daily Poll Results, MHVille Impacts

 

Those who ignore those trends could pay the price in 2020.

 

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

President Donald J. Trump, the 45th president’s administration, the GOP, and Democrats can create trillions of dollars in new economic opportunities by implementing existing laws.  See the related reports above and below to learn more.” That’s “News through the lens of manufactured homes, and factory-built housing” © where We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

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

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

 

The First Step to Problem Solving and #HousingChoice

The “Need For Quality Affordable Housing Has Never Been Greater,” Says LT

 

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

“I knew right from the beginning.” When President Trump, First Lady Melania, VP Pence Toured Manufactured Home Community

 

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

 

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

Flag Day, POTUS Trump Doctrine, Supply, Demand, Financing, Affordable Housing, Jobs, Economic Growth, Human Dignity, and God

June 14th, 2018 Comments off
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Composite by MHProNews.com.

People crave dignity.

 

The System has been Rigged,” the 45th President of the United States (POTUS), Donald J. Trump, has said. He understands these realities.

POTUS Trump undertook to break the grip of those who’ve rigged the free markets that harm the opportunities, and diminish the dignity of tens of millions in our Republic.

That’s a worthy topic to consider on Flag Day, which happens to be the President’s, and this writer’s, birthday.

Millions have been misled by flawed education, and agenda-driven opinions masquerading as facts or news.

Dignity flows from many factors, including:

  • the pride of work,
  • rising earnings,
  • maximum opportunities,
  • innovation,
  • enriching human relationships,
  • the spiritual life,
  • a growing net worth,
  • which can be fueled by the security, and pride of home ownership.

The bullets above yields a healthier society, happier people, and offers the additional benefit of reducing the costs for government at all levels.

TomEgelhoffLeadingAuthorityUSDoingBusinessinSmallTownsEntrepenurMagazineRadioManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Common Sense Solutions that Boost Wealth for Everyday Americans

Small-town business expert, talk radio host, and author Tom Egelhoff plus myself share some common beliefs.  Those common principles caused us to do a joint article on how factory-crafted manufactured homes are a proven path to increased home ownership, that fuels the creation of more wealth for everyday Americans.

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To see the fact-packed Op-Ed on the popular Value Penguin website, click the link below or the image above. https://www.valuepenguin.com/home-insurance/fear-manufactured-homes-affordable-housing-crisis

 

Egelhoff and myself also share a reason-based confidence in President Trump’s fine work on behalf of all Americans.

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

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

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Isn’t this part of the antidote to the t-word issue?

Someone making a basic wage is unable to buy the typical, conventional house in America.

But millions priced out of conventional housing can buy a manufactured home.

When millionaires and even billionaires own a manufactured home, the rest ought to consider its wisdom too.  For example, POTUS Trump supporter and performer Kid Rock is one of those who owns a private jet, a Rolls Royce, and a manufactured home.

The Kid Rock video below uplifts – celebrates – those who own a lower cost house, be it a manufactured home, or an older conventional house.  Note to parents with kids at hand: the video has some salty language and suggestive images. The video has had over 16.4 million views as of 6.14.2018.

 

Daily Business News on MHProNews sources tell us that Vice President Mike Pence understands first-hand the value of manufactured homes, which along with RVs, are produced in his home state of Indiana, and elsewhere from coast-to-coast.

 

America First, Economic Nationalism are Common Sense

Peace, prosperity and security are all supported by the president’s most recent deal on behalf of Americans, Koreans, the people of Asia, and the nation-states of the world.

America First” is common sense.

Placing one’s homeland first is part of a new geopolitical framework the president is creating. It recognizes the inherent goodness of nationalism and cultural pride.

POTUS’ move away from globalism is a step toward the proven principles of solidarity, and subsidiarity.

Someday, historians may say that pragmatic economic nationalism, personal or cultural pride, solidarity, and subsidiarity are key contributions of what can be called “the Trump Doctrine.”

 

Tariffs and America First

There are elitists across the political spectrum that don’t understand, or won’t admit to, the fundamental common sense of economic tools such as tariffs.

By contrast, the president embraces their use.

When America was a young nation, tariffs protected our farmers and factories. Before the income tax, when the federal government was smaller, tariffs protected American jobs, plus paid much of the federal government’s expenses.

POTUS Trump no doubt knows what Pocket Sense expressed this way, “Prior to the passage of the 16th Amendment in 1913, the United States government funded its operations mainly through excise taxes, tariffs, customs duties and public land sales.”

PocketSenseFUndingUSGOvtBeforeINcomeTax

Given the numerous scandals, millions of man-hours of lost time, plus other problems with the current income tax system, is the president leading America back to the future by using tariffs in strategic ways?

TaxReformPragerUSteveForbesDailyBusinessNewsManufacturedHousingINdustryResearchDataReportsMHProNews

One doesn’t always know what the president’s next move is. Are his threatened use of tariffs also a possible signal for something else in the future?  Would this president at some point take on a reform of  the U.S. income tax system, which Steve Forbes, and others say is massively wasteful?  Image credit, Prager U.

 

Trusts-Busting Yields Innovation, More Businesses, and Job Creation/Protection

MHProNews has chronicled the rise of globalist uber-billionaires, and their monopolistic conglomerates.

The president has signaled a willingness to do trust-busting actions.

Breaking up monopoles would protect and fuel American Jobs, American Innovation, and American Independent Businesses, that historically create the most jobs, and also innovate the most.

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

Linked reports – like NY Stern’s Scott Galloway speaking out against monopolies, or how monopolies harm workers and wages, – can be read later for more details.

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

It’s the mega conglomerates that are automating more, and hiring fewer human workers.

It’s the leaders of the mega corporations that often want open borders, cheap foreign labor, and the illegal immigration that is undermining our economic, judicial and electoral systems.

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

Warren Buffett led Berkshire Hathaway’s manufactured housing finance, production and other units have been accused of monopolistic practices by a range of media across the left-right political divide.

How many more Americans would be in a manufactured home already, if not for the allegedly monopolistic practices of anti-Trump, Warren Buffett’s Berkshire Hathaway?

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

Land Use Killing Affordable Housing, How Common-Sense Law Enforcement

Unlocks $2 Trillion Dollars in Additional Annual GDP

Problematic zoning, so-called expert “central planners,” and land use policies have hamstrung America for far too many decades.

Two university professors in 2016 estimated that the roadblocks to affordable housing are costing the U.S. economy some $2 Trillion dollars annually in additional GDP.

Using their $2 Trillion potential GDP growth statistic, if existing federal laws were being robustly enforced, the economy could experience a largely unsubsidized jolt that could create even more good jobs.

 

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

The president spotlighted factory home builder Levitt in a speech.

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

POTUS Trump understands from his professional experiences that factory home building can create entry-level to elegant homes.

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At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. What happened?  Smoking Gun 3 spells it out.

From Operation Breakthrough in the 1970s, to Harvard’s Eric Belsky in the early 2000s, the potential for the manufactured homes that HUD Secretary Ben Carson called “Amazing!” to fuel the American Dream is real.

HUD’s Operation Breakthrough, Promoting Factory, Industrialized Building – Mobile Home Era to Modern Manufactured Homes.

Enforcement of the Manufactured Housing Improvement Act of 2000 – which includes enhanced preemption – utilizes principles the president grasps from his myriad of professional experience.

Mandating the robust enforcement of the Duty to Serve Manufactured Housing that the Housing and Economic Recovery Act of 2008 required would also aid the process. Leveling the playing field via regulatory tweaks across FHA, VA, and the USDA (Rural Housing) loan programs for manufactured homes in both fee simple and home only scenarios would too.

The New York Times and MHProNews surveys both suggested that manufactured home owners were among the once “forgotten Americans” who supported President Trump.

Those home owners deserve the dignity and respect of being manufactured home owners.

A simple president tweet in support of those manufactured home owners could be a useful step to restoring their dignity, often robbed by elitists politicos whos slammed them as deplorables.

Enhanced preemption, education on the realities of manufactured homes vs. the myths, and proper lending access could transform America in short order.

That can be done via enforcement of existing law.  It would cost very little to the federal or local governments.  It would increase the property tax base.  It would increase the net worth of Americans.

God is modest, and the Creator understands the notion of saving the best for last. The American Dream is tied up with faith, flag, family, and fortune.  Hebrew and Christian Scriptures prove that the Ten Commandments protect private property.

God isn’t a socialist.  God’s Word enshrines free enterprise, and private property.

President Trump’s taking action that protects faith communities, defending the use of the phrase merry Christmas, and protect Life, Liberty, and Property are Godly principles.

These are all concepts worth to reflect on this day, and every day.

Our sincere thanks for the president’s many successes to date.

Here’s to more, and a heartful happy birthday wish to President Donald J. Trump. Please continue your work at making America ever greater, all for the benefit of restoring the dignity and opportunities of Americans first. ## (Coaching tips, marketing, sales, and management news.)

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

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy L.A. “Tony” Kovach – Masthead commentary, for MHProNews.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

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Growing the Middle Class, Where Left-Right-Middle Should Agree

November 2nd, 2017 Comments off

GrowingTheMiddleClassPraegerUYouTubeMHProNewsFor several years, MHProNews has done periodic looks at economic basics that impact the industry. 

Understanding these Economic 101 topics – and sharing it with other professionals – can help the industry and the nation get past decades of economic malaise that’s limited the middle class. 

The current economic disorder spans both Democratic and Republican presidencies – it’s not a partisan issue.

Manufactured housing professionals should all be able to agree that a growing economy that raises incomes in a natural way is a worthwhile goal.

Today’s video is less than three minutes, and focuses on an issue that the Daily Business News documented in some detail.

So, if this video whets your appetite, you can learn more facts behind it at this link here## (News, Analysis, Commentary.)

(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.

“Sabotage” says U.S. Senator

August 4th, 2017 Comments off
SenatorRonJohnsonR-Wi-officialPhotoDailyBusinessNewsMHProNews

U. S. Senator Ron Johnson, (R-WI), official photo.

I think there has been a concerted effort to sabotage this administration since day one on the part of many in the media and of course our Democrat colleagues in the House and Senate,” Sen. Ron Johnson (R-Wis.) said to Newsmax TV.

So obviously what they’re trying to do is just slow down the confirmation process,” Johnson said.

That does two things,” the senator explained, “that clogs the Senate calendar in terms of floor time to bring up other measures for debate. We just end up being almost 100 percent in the personnel business, and it prevents this administration from staffing itself.”

Deep State Revolt?

Johnson isn’t alone is raising an alarm over “media organizations and Democratic lawmakers” trying to bring down the Trump Presidency.

Industry sources tell MHProNews that there are several signs that the administration is being “resisted” in a metro area largely made up of Democratic voters.

Or that some GOP senators are essentially siding with Democrats in an effort to sideline the administration’s agenda.

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Image credit, Google News.

Under Reported

The 6 month economic report by Julia Granowicz last night underscored the progress made, based on left-of-center MarketWatch’s reporting. 

TrumponomicsFirst6Months9ChartsDailyBusinessNewsManufacturedHousingIndustryMHProNews

It is telling that it has become important to note which direction a media source tilts, in order for readers to be able to discern the agenda behind the reports. This goes to Senator Ron Johnson’s opening, quoted comments. To the numbers in last night’s report, click the image above.

But what goes unmentioned – even in many right-of-center media – is that the record market gains are taking place absent an artificial stimulus.

As was widely reported for years – but has gone largely unmentioned in mainstream media for months – is that the Federal Reserve bought assets as an artificial way of boosting the stock markets during the Obama Administration years.

FederalReserveQuantitativeEasingDailyBusinessNewsManufacturedHousingIndustryProNews

One often has to go to business focused outlets to find such data. What the above means is that the record stock market gains are taking place in spite of the ‘unwinding’ of the assets that the Fed purchased to support the markets during the Obama years.  Translation, the Trump agenda is working…despite the open revolt Senator Johnson and others point out. Screen captures credit, Google News.

The gains being made now are taking place even as the reverse policy by the Fed has begun. CNBC reported in April that the “Federal Reserve officials said the shedding of the $4.5 trillion in bonds the central bank is” underway.

Those assets were purchased (monetized) by the Fed during three rounds of what they called “quantitative easing.

Sabotage…Leaks, Leaks

Fox News reports that there have been some 125 leaks since the president took office, about 2 leaks on average for every 3 days. 

A number of those leaks are on national security related issues, designed to embarrass and undermine the presidency. Amazon’s Jeff Bezos media asset, the Washington Post, published transcripts this week of two calls between Mexican and Australian leaders and President Trump.  While those phone discussions took place months ago, nevertheless, this is said to be a first in American politics.

The chilling effect that might have on discussions between foreign leaders and the U.S. can’t be underestimated.

PamDannerMHARRManufacturedHousingAssocRegulatoryReform554x581With all of that D.C. “Deep State,” the “swamp” drama, it is not difficult to imagine that issues like Pam Danner keeping her job at HUD could seem minor to those outside of the modest manufactured housing industry.

Chris Wallace – son of CBS’ 60 Minutes icon Mike Wallace and Fox News Sunday host has said this is an unprecedented effort to undermine a valid election.

With that much artificially generated chaos, no wonder President Trump went to West Virginia last night for a campaign style rally. 

Campaign Style Rally

ABC News said at last night’s rally, President Trump labeled “The Russia story is a total fabrication. It’s just an excuse for the greatest loss in the history of American politics.”

The LA Times said, “Blaming Democrats even as the Justice Department special counsel has advanced his investigation, Trump said, “It just makes them feel better when they have nothing else to talk about.”


Trump had what the left-of-center LA Times called an “overflow crowd of supporters in a 9,000-capacity Huntington, W.Va., arena” which broke into the “chant “Lock her up!” and then paused to encourage their taunts at Hillary Clinton, his 2016 Democratic rival, just as he first did more than a year ago at the Republican convention that nominated him for president.”

The Daily Business News will continue to report on the complex efforts to derail the Trump Administration, and its “American Business,” and “American Workers” first agenda. ## (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 the Daily Business News for MHProNews.com.

6 Months In – Housing, Markets Update

July 31st, 2017 Comments off
HousingMarketUpdatePixabayDailyBusinessNewsManufacturedHousingIndustryReports

Image collage by MHProNews/Pixabay.

Since the election on November 8, 2016 the market has seen a relatively steady increase as one-in-four days the stock market has been open ending with record highs.

The S&P 500 and Nasdaq both closed with record high’s yet again on Wednesday – with 28 record breaking days since President Trump took office in January.

Another high has been hit on the markets since.

The S&P 500 and Dow have gained roughly 9% since Trump took office, while the Nasdaq is up almost 15%,” per CNN Money.

Consumer confidence has reportedly improved too.  In the second quarter Americans spent more than the first, which is the most influential contributing factor to a healthy economy, according to MarketWatch, which said, “Spending rose 2.8% in the second quarter as Americans bought more groceries and clothes and paid more for health care. They spent less on new cars and trucks, however.”

“A smaller lift came from business,” per MarketWatch. “Firms increased fixed investment just 2.2% in the spring after a 8.1% gain in the first quarter, when enthusiasm for the new pro-business Trump administration may have triggered a jump in corporate spending.”

Companies have invested more in equipment and computers since the beginning of the year, but many corporations also reduced their inventory for the first time since 2011.

JimClaytonDonaldDisrupterIncreasinglyPleasedWithOutcomeCautiousOptimism-postedMHProNews-

Keep in mind that the president said he would allow expensing such items, and there is still talk in tax reform plans of making such purchases retroactive to the first of this year.  As Jim Clayton told MHProNews, “MH Community and Manufacturing Operators – along with others in business – get to expense expansion cost under the president-elect’s proposals. WOW! What a nice surprise!

However as spending increased, and while wages are rising modestly, inflation is also slowing.

Although growth is solid, the lack of wage pressure buys the Fed plenty of time, and works with a very ‘gradual’ tightening cycle,” said Alan Ruskin, global head of G10 FX strategy at Deutsche Bank in New York. “There is more here for the Fed doves than the hawks.”

Inflation slowed to an annual rate of 0.3% in the second quarter from 2.2% in the first, as measured by the personal-consumption expenditures price index, or PCE,” per MarketWatch.

But what those analysts failed to mention is what MHProNews reported, namely, that the drop in energy and fuel prices has also slowed inflation.  These are areas where media bias can creep in, even into economic reports.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

MHProNews strives to keep media tilt in mind, to help sort out the unstated agendas behind various reports. Full Measure’s Sharyl Attiksson’s media bias chart, above, is useful as one tool in sorting out the agendas behind various headlines and news sources. MHProNews uses others too.

Regular Daily Business News readers may recall recent articles that look at the issues of minimum wage and a move toward supply and demand equilibrium.

Home Building and Residential Investment Drop

According to MarketWatch home building and residential investment are still down even in this growing economy. This could be due to a number of factors ranging from a busier winter building season due to severe weather delays prior, difficulty finding inexpensive lots, and lack skilled workers, per Market Watch.

Home builders also scaled back investment by the most in seven years after piling money into new properties for two quarters in a row.

Residential investment sank 6.8%, partly reflecting weather patterns that led to higher than normal construction in late winter and less home building in the spring.”

The MH Option In Meeting Housing Demand

While we’re seeing a slight uptick over the summer the number of homes being constructed are not close to meeting the demand for housing.

Manufactured homes once again poses a solution to many of the problems seen in the current housing market.

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  • exclusive commentary by DJ Pendleton of the Texas Manufactured Housing Association on the placement issue, linked here;

UrbanSuburbanPlacementManufacturedHomesAmarilloTxDJPendletonTMHAZillowDailyBusinessNewsMHProNews

  • plus the hottest read on the site today, an analysis linked from the image below – all point to the possible opportunities – and road blocks – that keep manufactured home sales from rising rapidly into the hundreds of thousands of new homes per year.

HowardWalkerJDViceChairEquityLifestylePropELS-ManufacturedHousingInstituteLogoViceChair-postedMastheadManufacturedHomeIndustryResearcMHProNews600

The real economy remains in good shape,” said Andrew Hunter, U.S. economist at Capital Economics.

Things are definitely looking up for the stock market so far under the Trump Administration. Stocks are up, businesses are investing in equipment and consumers are spending more – it’s definitely the start of things finally heading in the right direction. # #

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

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

 

 

 

 

 

 

As Government Grows, Regulations Impose, the Economy Slows

June 16th, 2016 Comments off

regulatory_costs_incurred_during_construction__nahb__3_2016Saying people have forgotten President Reagan’s line: “The government is not the solution, it is the problem.” The larger the government grows, the slower the economic growth, writes Richard W. Rahn in washingtontimes.

The article MHProNews posted June 9, 2016 reports Donald Trump promises to end Dodd-Frank and its chokehold regulations through the CFPB that have all but ended financing options for the least expensive manufactured homes (linked here).

Oppositionally, Hillary Clinton promises to keep Dodd-Frank, likely beef it up, and oppose HR 650/S682.

Meanwhile, Rahn writes, At some point, economic growth is so slow that despite high levels of taxation and spending, the long-term situation gets worse rather than better for most people. The United States has suffered wage stagnation under the Obama administration, even with a huge growth in government spending and regulation,” he says.

A longtime supporter of the Center for Freedom and Prosperity (CFP), which supports global tax competition and smaller government, Rahn’s vision is for less tax-and-regulatory grab.

He says Dan Mitchell, chairman of the CFP board quotes former Michigan Democratic Senator Carl Levin (1979 to 2015) who said the CFP’s “activities run counter to America’s values and undermine the nation’s ability to raise revenue,” as tax receipts during his tenure skyrocketed from $463 billion to $3.2 trillion. Levin complained it was not enough, regardless of the economic and social damage it caused.

The two percent growth rate of the majority of the world’s developed economies is not sufficient to raise the standard of living for most people, and it is directly related to too much government regulation.

For most countries the optimum size of government is probably around 25 percent of GDP. The U. S. is at 42, Singapore and Hong Kong are around 18 percent while Switzerland is at 33. The last three mentioned entities all have per capita incomes higher than America, long life expectancy and medical care, a narrative that advocates of more government do not like to hear.

Reagan’s words echo again. Rahn: “This was never truer than today. Governments around the world are crushing economic growth and opportunity, and destroying basic liberties. This will not change until knowledgeable people bust the false narrative that more government will make things better.”

For MHARR’s Mark Weiss’ spearing take on over reaching regulations in the MH industry, click here. ##

(Graphic credit: National Association of Home Builders, March 2016)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Rep. Hensarling’s Talk will Lay Groundwork for Replacing Dodd-Frank

June 1st, 2016 Comments off

Jeb_Hensarling wikipediaMHProNews has been notified by financialservices.house.gov that House Financial Services Committee Chairman Jeb Hensarling (R-TX), will outline the Republican plan for replacing the Dodd-Frank Act to stimulate economic growth in a speech to the Economic Club of New York on Tuesday, June 7.

The meeting will be held at the Penn Club at 8:00 AM EDT, 30 West 44th St., NYC, and will be open to the press.

For the livestream of Chairman Hensarling’s speech click here. ##

(Photo credit: wikipedia–Rep. Jeb Hensarling)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Government Shutdown Hinders some Manufactured Home Loans

October 3rd, 2013 Comments off

The government shutdown will immediately stifle approval of thousands of mortgages because lenders cannot access Social Security numbers and tax transcripts. If it lasts longer than a week or two it could dampen the slowly recovering housing market, according to what Mortgage Bankers Association (MBA) CEO David Stevens tells bloomberg.com. “If it’s a short-term shutdown, it’s a story about these employees put out of work. If it’s long term, it’s a broader story about the adverse impact to the economic recovery.” In August 2013 ground was broken on 891,000 residences, still two-thirds short of the past 20 years’ average. Similarly, home prices are 21 percent below their high point in June 2006. Only 67 of FHA’s 2,972 employees are working through the shutdown, and nearly half are dealing with loan endorsements and property preservation. Title 1 manufactured housing, reverse mortgages and home improvement loans will not be processed during the shutdown, which economists estimate will cost the country approximately 0.1 percent in economic growth. A bigger concern would be the inability to raise the debt ceiling: That would cause all U. S. debts to default, and would likely cause mortgage rates to rise sharply, hampering further the housing market, as MHProNews understands.

(Image credit: HousingWire)

Rising Mortgage Rates=an Improved Economy?

September 12th, 2013 Comments off

Mortgage applications fell 13.5 percent from last week, and the 30-year fixed-rate mortgage rate rose from 4.51 percent to 4.57 percent this week, according to HousingWire. Mortgage Bankers Association (MBA) reports the Refinance Index fell 20 percent from the previous week, and 71 percent from the week of May 3. Noting refinance applications are the first to drop when mortgage rates rise, Trulia‘s Chief Economist Jed Kolko says, “Recent history shows that spiking mortgage rates take a big chomp out of refinancing immediately and smaller nibbles out of sales three months later. Longer term, the impact of rising rates is typically offset by stronger economic growth.” The National Association of Realtors (NAR) says pending home sales fell 1.3 percent in July, and that is partly seasonal, but levels are still high. As MHProNews has learned, this is the bottom line: Over the last 15 years, a rise in mortgage rates correlated with an improved economy.

(Image credit: HousingWire)

Stock Watcher Predicts Economic Growth

March 19th, 2013 Comments off

Mitch Zacks of zacksinvestmentmanagement says one of the major factors driving the stock market as it hits new highs is the strength of the job market, which has witnessed the strongest period of job increases in over five years, and a concurrent drop in unemployment claims to a five-year low. Zacks attributes the employment numbers to the Federal Reserve’s quantitative easing—essentially printing money, and predicts a Gross Domestic Product (GDP) growth of three percent this year, an upgrade from the 1.3 to 1.9 percent originally projected before the sequestration cuts. He says, “A fairly solid, full-steam ahead economy appears to be here.” MHProNews understands that jobs are a major factor in driving the overall housing economy. Zacks does caution that the Fed may ease the easing too soon, which could be harmful.

(Image credit: Fotosearch–Businessman with crystal ball)