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Posts Tagged ‘economy’

Economy – “There Are Some Worrisome Signs That We Must Confront” – Financial Services Chairman Hensarling

June 22nd, 2018 Comments off

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In a statement to the Daily Business News, House Financial Services Committee Chairman, Jeb Hensarling (R-TX) expressed both hope and concerns over the economy.

Hensarling said that “…although our economy is clearly red hot today, there are some worrisome signs that we must confront. Number one, as recently as 2016, entrepreneurship – the provision of startups – reached a forty-year low. We know that IPOs have been on a slide downward. Although we’ve seen a gradual uptick, they are half of what they were 20 years ago.”

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Although we passed a bipartisan banking bill, it is largely a community bank, credit union, and banking bill – when 80% of our business debt comes from investors in our capital markets, not from lending officers in our banks,” Hensarling said.

Small business represents 99% of all business enterprises and half of our U.S. jobs. Surely they are the job engine of America. And when companies do go public, unfortunately, many are withering on the vine,” he stated.

The context was a hearing with Securities and Exchange Commission (SEC) Chairman Jay Clayton.

And so we have a number of challenges. If these businesses cannot find adequate capital, it begs the question, where will the Amazons, the Googles, and the Apples of tomorrow come from? How can we sustain long-term 3% GDP growth without ensuring that we have plenty of these startups in the pipeline?”

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It also begs the question, how will we successfully compete with China – particularly “Made in China 2025” – unless we infuse more reforms into our capital markets? Because we know China is committed to dominating several different fields including high tech, biotech, and artificial intelligence. And we know they have a very healthy IPO market and currently produce roughly a third of the world’s IPOs – IPOs that I think we would much prefer to have in America,” the Texas congressman said.

The topic is a different kind of look at an issue that MHProNews has been spotlighting for over a year.  Namely, the harm that occurs to companies that can’t adequately access capital.

Some of the arguments made by Hensarling could be applied to the harm caused by monopolistic practices.

And another question that we have to ask ourselves and ask the SEC, how can Main Street investors have more opportunities to invest in their futures? How can they invest in great companies when we look at our IPO market and see that so many of our public companies are now older, they’re bigger, they’re fewer? And when they go to the public markets, this is often at a billion dollar valuation when so much of the explosive growth took place as a private company that they were not allowed to invest in. Why was it only the wealthy that managed to invest in these companies on the way up, and not our teachers, our barbers, our farmers, and our first responders?”

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Related Reports:

Only 3 Options – the Elephant in the Room

 

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Manufactured Housing and the Midterms, what did Democratic and GOP Primaries Signal?

May 9th, 2018 Comments off

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With what the Media Research Center says has been some 90 percent negative mainstream broadcast news media coverage, President Donald J. Trump is holding or rising in many polls, to at or near the highest point since taking the White House.

While the media has said for months that a “blue wave” is coming in Congress for November – which historically would be common for a president – there are certainly signs in polling and yesterdays turnout that suggest that at this time, the momentum is still with the president and his party.

Manufactured housing professionals aren’t a monolithic group. There are Democrats, Republicans, Libertarians, minor party and independents in the ranks of the industry, as in all other professions.

That noted, the industry has to consider questions like these:

  • Has the regulatory environment improved in the last 16 months?
  • Has job creation improved – which is an indicator of potential future housing demand?
  • Has the investment environment improved in the last 16 months?

The evidence points to yes in each of the above, and most Americans also got a tax cut too.

Famous manufactured home community insulter, and President Bill Clinton adviser, James Carville, quipped one of the most powerful insights in American politics.  “It’s the economy, stupid.”

Blue wave?  With fund raising still favoring the GOP in most areas by healthy margins, and the economy improving, there is more than just yesterday’s turnout and voting to suggest that the November midterms are up for grabs.  In fact, the momentum looks to be at this time in favor of the president and his party. We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

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Related Reports:

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

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

 

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Outsourcing and the U.S. Economy: Can Trump Muscle Save the Day?

May 3rd, 2017 Comments off
OutsourcingandtheUSEconomyCanTrumpMuscleSavetheDaycreditlastlineofdefense-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Last line of defense.

India based IT services firm Infosys announced yesterday that they plan to hire 10,000 U.S. workers over the next two years and open up four additional technology centers, beginning in Indiana.

According to Newsmax, the move comes at a time when Infosys, along with fellow Indian companies Tata Consultancy Services and Wipro, are on the radar of the Trump Administration for displacing U.S. workers by bringing in cheaper foreign workers as a part of the H1-B Visa program, paying them less.

The Trump Administration has ordered federal agencies to review the program.

When you think about it from a U.S. point of view, obviously creating more American jobs and opportunities is a good thing,” said Infosys Chief Executive Vishal Sikka, who said the company plans to hire U.S. workers in fields such as artificial intelligence.

Sikka also says that Infosys has already hired 2,000 U.S. workers as part of a previous effort started in 2014.

OutsourcingandtheUSEconomyCanTrumpMuscleSavetheDaycreditHindustanTimes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Vishal Sikka. Credit: Hindustan Times.

We started small at first and have been growing since then,” said Sikka.

The reality is, bringing in local talent and mixing that with the best of global talent in the times we are living in and the times we’re entering is the right thing to do. It is independent of the regulations and the visas.”

 

How Outsourcing Jobs Affects the Economy

According to a report from The Balance, the main negative effect of outsourcing is it increases U.S. unemployment.

The 14 million outsourced jobs are almost double the 7.5 million unemployed Americans. If all those jobs returned, it would be enough to also hire the 5.7 million who are working part-time but would prefer full-time positions.

The report also says that imposing laws or terms to restrict job outsourcing could make U.S. firms less competitive.

According to a study from Pew Research, major changes are reshaping U.S. workplaces as the economy moves deeper into the “knowledge-focused age.”

OutsourcingandtheUSEconomyCanTrumpMuscleSavetheDaycreditPewResearch-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Pew Research.

These changes are affecting the very nature of jobs by rewarding social, communications and analytical skills. They are prodding many workers to think about lifetime commitments to retraining and upgrading their skills.

The study cites that the number of workers in occupations requiring average to above-average education, training and experience increased from 49 million in 1980 to 83 million in 2015, or by 68 percent.

This was more than double the 31 percent increase over the same period in employment, from 50 million to 65 million, in jobs requiring below-average education, training and experience.

 

Hope for Lost Jobs? President Trump in Action 

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Credit: Heather’s Homilies.

President Trump is known for his no-nonsense, get things done style. Coming into the White House, he had no plans to change it.

I will be the greatest jobs producer God ever created,” said President Trump just before his inauguration. “Believe me.

By all appearances, he’s on his way to delivering on that statement.

In the ADP March private payrolls report, companies added 263,000 jobs for the month, which was well above the 185,000 expected from economists surveyed by Reuters, and also bested the 245,000 reported for February.

Even with a slight move down in April, surveys still show that confidence in the economy is strong.

Job growth is off to a strong start in 2017,” said Mark Zandi, chief economist of Moody’s Analytics at the time.

The gains are broad-based but most notable in the goods producing side of the economy including construction, manufacturing and mining.“

That has resonated with the small business community as well, as the January, February, and March reports reflect anticipation of President Trump’s policies, including the highest Small Business Optimism Index in 37 years from the NFIB.

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Juanita Duggan. Credit: NFIB.

We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan in January.

Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”

 

 

A View from the Industry

Even with the progress that’s been made, President Trump still faces an uphill battle.

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L. A. ‘Tony’ Kovach is the publisher of MHProNews.com, MHLivingNews.com and MH Consultant.

As well as the markets and new job creation are already responding to his initiatives, where could we be if there wasn’t a non-stop assault on our new president?” said MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach.

In November, Tim Williams told MHProNews that, “I am deeply encouraged that less than 24 hours into President Trump’s term, he has frozen new, potentially burdensome regulations.”  For his full comments, click here.

MHARR CEO, Mark Weiss, JD, shared similar thoughts with MHProNews in a story, linked here.

For more on the nations economic progress, including a recap of President Trump’s first 100 days, 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.

Economy in Focus: Jobs, Employment, Trump

April 12th, 2017 Comments off
EconomyinFocusJobsEmploymentTrumpcreditCNSNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Wikipedia.

Numbers from the Bureau of Labor Statistics (BLS) for March, show that the number of employed Americans increased 472,000 to 153,000,000, which represents another record month.

According to CNS News, the number of unemployed persons dropped by 326,000 to 7.2 million, and that brought the unemployment rate in the nation down two-tenths of a point to 4.5 percent.

The numbers from the BLS also showed the labor force participation rate remained flat at 63 percent in March, and the number of Americans not in the labor force increased slightly to 94,213,000, up 23,000 from February’s 94,190,000.

In stark contrast to the ADP Private employment report, the report from the BLS added 98,000 jobs in March, which was below the gains of 219,000 in February and 216,000 in January.

Manufacturing, an area that President Donald Trump has focused on, added 11,000 jobs in March, bringing the total number of people employed in the sector to 12,392,000.

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Credit: CNS News.

This growth represents the largest amount of people employed in the sector since former President Barack Obama took office in January 2009.

Since December, the nation has added 49,000 manufacturing jobs and 19,000 government jobs.

As Daily Business News readers are aware, the January, February, and now March reports reflect anticipation of President Trump’s policies, meetings and movement, including the highest Small Business Optimism Index in 37 years from the NFIB.

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Juanita Duggan, President and CEO of the NFIB. Credit, NFIB.

We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan in January.

Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”

 

 

A View from the Industry

Even with the progress that’s been made, President Trump still faces an uphill battle.

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Tim Williams, OMHA.

As well as the markets and new job creation are already responding to his initiatives, where could we be if there wasn’t a non-stop assault on our new president?” said MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach.

Back in November, Tim Williams told MHProNews that, “I am deeply encouraged that less than 24 hours into President Trump’s term, he has frozen new, potentially burdensome regulations.”  For his full comments, click here.

MHARR CEO, M. Mark Weiss, JD, shared similar thoughts with MHProNews in a story, linked here.

For more on the progress of the Trump Administration, including proposed budget cuts to National Public Radio (NPR) and the Corporation for Public Broadcasting (CPB), click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

Consumer Confidence Soars to Record High

April 7th, 2017 Comments off
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Credit: HousingWire.

The impact of a Donald Trump presidency continues to resonate, as consumer confidence reached its highest level in 16 years last month, according to Nielsen’s Consumer Confidence Survey.

The Conference Board by Nielsen, which provides information around what consumers buy and watch, conducts the survey.

According to HousingWire, the Consumer Confidence Index improved significantly in March to 125.6, up from 116.1 in February. The Present Situation Index increased from 134.4 to 143.1 and the Expectations Index increased to 113.8, up from 103.9.

Beginning in 1985, the index was set to 100, and the value is adjusted monthly based on results from surveys. Opinions on current conditions account for 40 percent of the index, while future expectations make up 60 percent.

Consumer confidence increased sharply in March to its highest level since December 2000,” said Lynn Franco, who is the Conference Board director of economic indicators.

Consumers’ assessment of current business and labor market conditions improved considerably.”

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Credit: The Conference Board, CNBC.

Consumers were much more optimistic about conditions in March, with those rating business conditions as “good” increasing from 28 to 32 percent, while those saying business conditions are bad decreased from 13 percent to 12 percent.

Feelings on the labor market were also more positive, with the percentage of consumers seeing jobs as “plentiful” increased from 26 to 31 percent.

Consumers also expressed much greater optimism regarding the short-term outlook for business, jobs and personal income prospects,” said Franco.

Thus, consumers feel current economic conditions have improved over the recent period, and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months.”

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President Donald J. Trump. Credit: Business Insider, Getty Images.

Consumers also relayed optimism for the future of the labor market, with those expecting more jobs in the months ahead increasing from 20 to 24 percent, and those expecting their incomes to increase jumped from 19 to 21 percent.

For more on the economy, including the March job numbers from ADP, click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

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

Jobs Report at the Start of the Trump Economy

February 4th, 2017 Comments off
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Image credits, Live Satellite News, text graphics, MHProNews.

The second full week of the Trump Administration came to an end on Friday, and brought with it the first jobs report under the new commander in chief.

U.S. employers added the most workers in four months, while wage growth slowed slightly more than projected.

According to CNSNews, the report from the Bureau of Labor Statistics (BLS) showed total nonfarm payroll employment rose 227,000, beating estimates of a rise to 180,000. The unemployment rate ticked up a tenth of a point to 4.8 percent.

The Labor Department’s “Employment Situation Report” is released monthly, and it reflects data gathered in the pay period that includes the 12th of the month. Labor participation was up two-tenths of a point to 62.9 percent.

JobsReportattheStartoftheTrumpEconomycreditCNSNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNS News.

This means that the report released today reflects the situation just prior to when President Trump was sworn in on January 20th.

As Daily Business News readers are aware, the January report reflects anticipation of President Trump’s policies, meetings and movement prior to taking office, including the highest Small Business Optimism Index in 37 years from the NFIB.

JuanitaDugganPresidentCEONational_FederationIndependentBusiness(NFIB)postedDailyBusinessNewsMHProNews-

Juanita Duggan, President and CEO of the National Federation of Independent Business (credit, NFIB).

We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.

Private employment, excluding government agencies, rose by 237,000 after a 165,000 increase in December. Government employment fell by 10,000 and factory payrolls grew by 5,000.

Retailers increased payrolls by 45,900. Employment in financial activities was up 32,000, professional and business services rose by 39,000, and leisure and hospitality was up 34,000.

Per Bloomberg, hiring in construction, retail, finance and professional services helped labor numbers. The 36,000 increase in construction payrolls was the largest since March.

 

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Credit: CNS News.

Today’s report reflects the consumer confidence that the Trump presidency has inspired,” said White House press secretary Sean Spicer.

President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise.”

Spicer was optimistic, but also mentioned that Trump remained realistic about what needs to happen next.

The president’s already taken significant steps to turn our economy around and he is looking forward to ensuring that every American who wants a job has the opportunity to find one,” said Spicer.

While the president’s definitely pleased that the job growth has far surpassed expectations and that the labor force participation is rising, he also recognizes that there is a lot more work to be done.

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Dr. Ben Carson at his confirmation hearing. Credit: Fox News.

President Trump’s actions leading up to, and after, his inauguration, stand to have significant positive impact on the manufactured housing industry. One of the most influential was the President’s nomination of Dr. Ben Carson for HUD Secretary, and his comments on the importance of manufactured housing.

For more on President Trump’s activity, including the Executive Order regarding Dodd-Frank, click here. ##

 

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

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

Sunday Morning Weekly Recap – Manufactured Housing Industry News – December 11th, 2016 – December 18th 2016

December 18th, 2016 Comments off

sunday-morning-weekly-manufactured-home-pro-news-recap-1-4-to-1-10-2015-mhpronews-com-As December rolls on, a new set of featured articles are found on the MHProNews’ home page.

Our theme for this month is: DAAD = Dramatic! Advent! Adventure! December 2016!

To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

  

What’s New On MHLivingNews

 mhlivingnews-improvedlivingforle-logo

Ben Carson – Controversial Doctor Answers HUD’s Housing Call

 

Mom and I Believe in Manufactured Homes!

 

What’s New On MHProNews

 

Saturday December 17th, 2016

 

Repairing Your Manufactured or Modular Home – Facts, Myths and Clarity

 

Friday December 16th, 2016

 

As Cities Zone Out, Industry Pros Ask – are HUD Code Manufactured Homes Discriminated Against?

 

NorthStar Realty, UMH Lead Up Day for Manufactured Housing CV, Broader Markets Down to Finish Week

 

Manufactured Home Owner or Community – Who’s Responsible?

 

Warren Buffett’s Rear View Mirror & HUD

 

MHARR: FHFA Final Duty to Serve Rule Continues to Fail Manufactured Home Buyers

 

Thursday December 15th, 2016

Skyline Surges, Manufactured Housing CV Up Over Four Percent, Broader Markets Rebound After Fed Hike

 

Recent Investor Moves in Cavco Industries Examined

 

Cajunize! State Rep Says FEMA Response “Defines Common Sense”

 

Paul Bradley – Mom and I Believe in Manufactured Homes!

 

DOJ, HUD Update Existing Guidance Despite Calls for a Moratorium

 

Wednesday December 14th, 2016

Manufactured Housing CV Hit Hard, Broader Markets Down on Fed Rate Hike

 

City Council Approves Controversial Manufactured Housing Ordinance

 

FHFA Makes Major Move, Significant Impact Expected on MH Loans

 

MHCC Recommends Significant Changes to HUD Frost Free Foundation Bulletin

 

City Weighs Repair Assistance Options for MH Community Residents

 

Tuesday December 13th, 2016

Canadian Modular Home Builder Gains Foothold in African Market

 

Business Optimism Rises with Trump’s Ascendancy, as Energy Issues take Center Stage

 

Deer Valley, UMH Lead Up Day for Manufactured Housing CV, Broader Markets Hit New Record Highs

 

The Costly Crawl of Bureaucracy: FEMA at its Finest?

 

New Mayor, Local Nonprofit, See Solution to Housing Crunch in Tiny Homes

 

Monday December 12th, 2016

 

Skyline and MHCV slides, Broader Markets Mixed, Dow Notches Another Record Close

 

Hundreds Wait in Line for Affordable Housing, Solution Remains in Plain Sight

 

UMH Draws Publicity, Stock Price Spikes…Coincidence?

 

Billions Involved in Mainstream Media and Public Officials Engagement

 

Dangerous Surprise Found by Neighbor Cleaning Out Manufactured Home

 

Sunday December 11th, 2016

 

Sunday Morning Weekly Recap – Manufactured Housing Industry News – December 3rd, 2016 – December 11th 2016 ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

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

Sam Zell On CNBC: Donald Trump’s Election Represents “Huge Psychological Difference” About the Economy’s Future

November 17th, 2016 Comments off
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Credit: Forbes.

Investor and real estate billionaire Sam Zell was on CNBC’s Squawk Box yesterday to discuss the impact of Donald Trump’s election.

I think Donald Trump is very smart and has a unique opportunity to change things and lead this country,” said Zell. “And I think this country desperately is looking for somebody to give us leadership.

Speaking about the attitude on Wall Street, Zell stated that it’s shifted from “extreme pessimism to possible optimism. I don’t think there’s any reason why this country can’t go back to [an economic] growth rate of 3 percent,” Zell said.

Zell was on the show most of the morning offering a point of view that was in contrast to some of the other guests, even though he once stated that Trump didn’t have the correct personality and temperament to be president.

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To see an exclusive interview with Sam Zell, click here or the image above.

He has evolved as the reality of the presidency has set in,” said Zell.

Speaking on President Obama, Zell didn’t mince words.

 

 

The economy has been held back under the tyranny of President Barack Obama’s environmental regulations.

I think this country needs someone like Trump to encourage us and lead us in an optimistic fashion,” Zell said. “That’s a great deal of what’s been missing over the last eight years.

Zell also said that Trump has a “unique opportunity” to affect change in the U.S. and Americans are ready for a leader that can break the gridlock in Washington D.C.

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Collage of ELS, photos, symbols and logo from an annual report.

 

As Daily Business News readers are aware, Sam Zell is a strong believer in the manufactured housing industry and serves as chairman of Equity LifeStyle Properties (ELS).

The Daily Business News recently profiled ELS and their dividend announcement here.

ELS is a REIT – a Real Estate Investment Trust – and is one of the largest owner/operators of manufactured home and RV communities in the nation. ELS is also one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here. ##

(Editor’s Note: for A Cup of Coffee interview with ELS CEO Nader, click here.)

ELS Q3 2016 Results

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

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

Bloomberg – Manufactured Home Industry is the Solution to the Affordable Housing Crisis

September 23rd, 2016 Comments off
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The single section home is featured in a video on MHLivingNews. The Energy Star ™ would often sell in the low 50s, has 3 bedroom, 2 baths and is thus lower in cost than what the Bloomberg story shows as the average price. Image, Sunshine Homes, Red Bay, AL.

An article in Bloomberg makes the case that manufactured homes – what they refered to as mobile homes (sic), are an obvious solution to the affordable housing crisis.

It starts with a simple question: Why Aren’t We Building More Mobile Homes?” While their terminology isn’t exactly accurate – and they admit that mobile homes aren’t very mobile – their message is clear.  The manufactured home industry provides real hope for the American Dream of home ownership at a reasonable price.

Bloomberg’s article shares metrics that show people in West Virginia accepted delivery of more than 1,000 manufactured homes last year, while 2,000 conventional builders secured permits to for new single family homes. This means that 1 in 3 homes added in the state last year was a manufactured home.

The more facts one sees, the more apparent the solution becomes, as MH professionals know.

The average sales price of a manufactured home was $67,800 in April, 2016. By contrast, the average sales price for a site-built home in the same month was  $380,000. While the manufactured home was priced without land, even factoring land cost in creates an amazing savings.

According the stats in the Bloomberg article, 75% of manufactured homes residents have household incomes of less than $40,000 per year.

bloombergchartmanufacturedhomesinvariousstates2016-postedmanufacturedhousingindustrydailybusinessnews-mhpronews

Bloomberg means, HUD Code Manufacturd Homes, not mobile homes, but the stats are useful. Credit, Bloomberg.

While the graphic shown above cites that most of the manufactured homes are highly concentrated in southern states (where the bulk of sales have been,) there are over 500,000 manufactured homes in California, which has pushed aggressive regulation that continues to affect the ability to own a home.

While those of us in the industry can see growth, it’s not always as clear to those outside of manufactured housing, due to long insufficiently addressed lingering perceptions.

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Bloomberg cites age, loose lending practices and the fact the manufactured home sales peaked in the mid 90’s – when they made up 1 in 3 homes sold nationwide – among reasons they think MH loans started to go bad, flooding the market with foreclosures and thus limiting demand.

While MH is years into its recovery, the data also shows that manufactured home sales have been slower to recover from the last recession than other forms of housing.

Bloomberg points to Doug Ryan, director of affordable home ownership at the Corporation for Enterprise Development (CFED – a Washington-based nonprofit group,) who cites advantages, and challenges, that the industry faces.

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Doug Ryan, CFED.

You can put them anywhere you have the land, said Ryan. As the Daily Business News recently reported, CFED’s Ryan routinely promotes manufactured homes as an important option in the affordable housing crisis.

What you’re up against is the stigma. You’d have people coming to the planning meetings and saying that you’re killing their home value.” The Daily Business News has covered this scenario playing out in Austin recently.

The Bloomberg piece ends with something for the industry to think about:

Maybe it’s time for another rebrand. The homes vary in size and price, but they’re generally smaller than the typical site-built home. Instead of “manufactured,” why not borrow the name for another kind of often prefabricated abode: the tiny house.”

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Narrative control, it seems, is everything in the fight for the American dream.  As regular readers know, MHProNews and MHLivingNews, we’ve extensively covered the many ways that the MH industry is the solution to the housing affordability crisis in the U.S.

Underscoring Bloomberg’s tip to the MH Industry?  Rebrand them as tiny houses, which are hot. ##

(Image credits are as shown above.)

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RC WIlliams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News, MHProNews

UMH leads, Manufactured Housing CompValue recovers, as broader Stocks close lower

August 31st, 2016 Comments off

DowTicker=creditCNNMoney8-31-2016-postedDailyBusinessNews-MHProNews-The S&P 500 snapped its 5 month winning streak today, says CNBC, with the energy sector down. Treasuries also retreated, following the ADP jobs report. A CNNMoney Op-Ed suggests that it is business that must lead the way to global recovery.

UMH Properties (UMH) led gainers, in the manufactured housing related report, below.

Daily Business News Market Tracker (Yahoo, CNBC):

DJIA closed at 18400.88, down -53.42 points or -0.29%.

NASDAQ continued down too, closing at 5213.22, losing -9.77 points or -0.19%.

S&P 500 finished the day at 2170.95, retreating -5.17 points or off -0.24%.

S&P500DowJIANasdaq3Tickers-creditYahoo-postedDailyBusinessNews-ManufacturedHousingIndustryProNews-

Yahoo Finance, Main 3 U.S. Markets Tickers, for Daily Business News, MHProNews.

 

The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained ground today, beating the broader markets, by rising 1.96 (+0.14  percent), and settled at $1,377.06.

8.31.2016 Manufactured Housing Composite Value Ticker.

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Yahoo Finance Manufactured Housing Composite Value, on 8.31.2016 for the Daily Business News, MHProNews.

The MH-related tracked stocks biggest loser was Carlyle (CG) featured in a report linked here,  and the biggest gainer was UMH Properties (UMH), up 0.94 percent (see below).  ELS and Cavco had featured reports, see respective links for more details.

*Note: the chart below includes stocks not included in the MHCV

8.31.2016MarketReportcredit-BloombergTicker-DailyBusinessNewsManufacturedHousingIndustryRelatedStocks-MHProNews-

Credit, Bloomberg ticker for Daily Business News – MHProNews.

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Credit, Bloomberg ticker for Daily Business News – MHProNews.

 

Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News MHProNews.

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.  Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

(Image credits are as shown.)

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L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.