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VP Mike Pence, NFIB President Juanita Duggan, on Small Business Issues

August 1st, 2017 Comments off

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidencePresident Trump probably said it best when he said that small businesses in his words, embody the American pioneering spirit and remind us that determination can turn aspiration into achievement every single day,” Vice President Mike Pence said in a speech to the National Federation of Independent Business (NFIB).

Since President Trump was elected back in November, there has been a lot of positive improvements in the economy – especially on the small businesses front.  Regulatory rollbacks are making a difference, as this previous report reflects.

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As long time, careful Daily Business News readers know, the NFIB reports as many – or more – members from manufactured housing as MHI does.  All told, NFIB has some 325,000 members – more than the estimated total number of full time equivalents (FTEs) working in the manufactured housing industry. To see the previous report, click the graphic above. NFIB = credit.

According to VP Pence’s speech, “Since Inauguration Day I’m pleased to report businesses like those gathered here today have created more than 850,000, new, good-paying jobs all across America.”  It was one of several applause lines reported by the White House to MHProNews.

But will the growth continue if the Trump Administration’s promises of health care and tax reforms are not met before the end of the year?

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Jack Mozloom, image credit is as shown.

Small-business owners are deeply disappointed,” Jack Mozloom, a spokesman for the NFIB, said. “The high cost of health care has been the No. 1 concern for small business owners for more than three decades.”

Without Passing Legislation, Will Confidence Fade?

Job growth appears to be slowing down, says Reuters. While it could be just a small seasonal downturn, it could may be partially due to Congress neglecting to pass any bills on the major issues of healthcare and taxes already.

The NFIB recently released a report which found that the “small business optimism” index is down to 103.6, from May’s 104.5.

Some, like Juanita Duggan and Bill Dunkelberg, believe the drop is likely because small business owners are slowly losing faith in Congress to make any real improvement in the near future.

As Washington fails to deliver on those two priorities small-business optimism is dropping,” said Juanita Duggan, President and CEO of the NFIB. “Gridlock is driving down small-business optimism, which will eventually drive down the economy.”

The number of businesses planning to hire new employees dropped 3 percentage points from May to June. However, the current 15 percent is still higher than has been seen in years.  Hitting 18 percent in May was the highest expected hire rate among small businesses since 2006.

Hiring activity remains strong by historical standards, but the drop in June was unmistakable,” said Bill Dunkelberg, NFIB’s chief economist. “Whether this is the start of a negative trend or a one-month blip is something we’ll have to keep an eye on.”

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Bill Dunkelberg, NFIB’s chief economist. Photo credit as shown.

High tax rates and the Obamacare health care mandates are all things that hinder small businesses ability to thrive, says the NFIB, and both are issues small business owners have been fighting to reform for decades.

If Congress wants small businesses to invest in the economy, then they must cut taxes and simplify the code,” said Duggan.

Promises of Big Things to Come for Health Care and Taxes

During his speech to the NFIB, Pence heralded good news and more promises of health care reform, with a repeal and replace of ObamaCare, and “one of the largest tax cuts in American history”.

I don’t have to tell small-business owners that the Americans’ tax code is one of the biggest barriers to success for working families and small businesses like all of you.” the White House press office told MHProNews that Vice President Pence said later in the speech.

This all comes only days after the Senate voted against a bill that would have repealed key parts of Obamacare that millions of Trump and GOP voters are unhappy with.  President Donald J. Trump has signaled they aren’t giving up.  Per the speech, neither is the vice president.

But I truly do believe that the strength of America also lies in the courage and in the hearts of men and women who get up every day, put their feet on the floor, and make a small business work. (Applause) And so I want to encourage you on.  Let your voice be heard, but also have faith.” 

Pence urged small business people to pray and work to sustain what they’d already accomplished together, “we’ve begun to see in the recovery of the American spirit and the rebound of the American economy is really just the beginning.  And under President Donald Trump, with your help, I know the best days for America and for American small business are yet to come.”

The full text of his speech, per the White House, is linked here. # #

(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.

 

 

 

 

 

 

The “Kill Floor”

July 28th, 2017 Comments off

 TheKillFloorImagine2050DailyBusinessNewsMHProNewsA friend from decades ago described working on the kill floor of a meat packing plant. It takes intestinal fortitude, because it’s ugly. Perhaps that’s why the legislative process is likened to making sausage. If you like sausage, then you better not look too closely at how it’s made,” said trade publisher L. A. “Tony” Kovach.

The right-leaning New York Post covered a story this week which depicted the White House as the biggest reality TV show.

It’s not just ugly in the halls of Congress, it’s pretty nasty – per reports of salty language, and threats to match – at 1600 Pennsylvania Ave too.

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Some of what is going on in the White House/AG Jeff Sessions ‘spat’ may be a head fake, per sources. But there seems to be very real drama between several of the inner circle in the White House.  The most recent flare up reported has been between chief of staff Reince Priebus, and the new commmunications director, Anthony Scaramucci, the latter of whom is striiving to shut down leaks.

Market Watch

It will be interesting to watch the markets’ reaction to these developments, because experts have observed that a significant part of the rise of the markets has been attributable to promises like fixing ObamaCare, and getting tax reform done.

While regulatory reforms have been accomplished – mostly through presidential executive action – that have boosted business, Democratic #resistance, along with fairly small numbers of GOP members in both chambers, are proving to be a challenge.

But if President Donald J. Trump’s Twitter feed is any indication, he isn’t giving up on any of it.

3 Republicans and 48 Democrats let the American people down. As I said from the beginning, let ObamaCare implode, then deal. Watch!”

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The Washington Times reports that “Republican Sens. Susan Collins of Maine and Lisa Murkowski of Alaska also rejected the plan, though both had balked at GOP efforts earlier in the week,” which made Arizona Senator John McCain’s vote the decider to kill the “skinny repeal” of ObamaCare.

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The irony of McCain being the do-or-die vote are many, including the fact that his campaign lost in 2008 to then Senator Barack Obama, who went on to push bill now known as ObamaCare.

Vice President Mike Pence arrived on Capitol Hill around 11 PM Eastern last night, standing by as a potential tie breaker vote.  That was a vote by the vice president that circumstances never allowed him to make, because of McCain’s no vote.

A previous report on health care is linked here.

Flashback, Flash-forward, DC Swamp Watch and Programming Notes

As we’ve been reporting since the election outcome, the markets have soared based upon the president’s agenda.  The positive impact on manufactured housing connected stocks – and businesses – has been pronounced.

In a very real sense, MHARR is counting on this administration to unleash the strangle holds at HUD, and to avoid the one that could be caused by DOE regulations.  If MHI’s Preserving Access bill ever hits the president’s desk, they are counting on the White House too.

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The parts of the president’s agenda that he has been able to implement are working. Will key people in Congress prevent the rest of his agenda from being put to work?  The President Trump is a fighter, as the 2016 campaign – and the tweets above – remind Americans.

To rephrase, the drama playing out in DC is impacting our industry, along with the rest of the nation.

Democratic President John F. Kennedy and Republican President Ronald Reagan both took similar pro-growth steps during their terms as President Trump has begun.

Pro-growth economic principles such as lower taxes worked for Kennedy and Reagan.  They will work for President Trump, so long as they are allowed to work.  Just doing regulatory reforms is boosting jobs in mining and energy, which in turn is brining fuel prices to the lowest levels they’ve been in a summer in some 12 years.

Don’t count the president’s agenda out.  On November 3, 2016, MHProNews did a deep dive into the polls from left-wing media like the Los Angeles Times, New York Times and others. Using their polls, we projected the potential for a Trump win, when that same New York Times gave Trump less than a 10% chance of victory.

The Daily Business News will continue to track developments and provide summaries and insights that help industry professionals cut through the left-right media noise.   ## (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.

North Carolina Allows Modular Health Care Structures

August 7th, 2014 Comments off

medcottage_n2care_creditFollowing a story MHProNews posted July 24, 2014, North Carolina Governor Pat McCrory signed legislation which exempts temporary health care structures from zoning ordinances, thereby allowing stand-alone modular structures with healthcare amenities to be sited on properties with single-family homes. “This bipartisan legislation will provide an alternative for families to care for loved ones on their own property, instead of placing them in hospitals or other state facilities,” said Governor McCrory. “I’m proud to sign this bill that will make it easier for people with disabilities to live or reside with their families while receiving the care they need.” ##

(Photo credit: n2care.com–modular med care facility)

Seniors Served by Modular Units Adjacent to Adult Child’s Home

July 24th, 2013 Comments off

In addition to 55 plus housing for seniors and continuing-care communities, another option that offers financial and supportive care benefits is a modular unit that can be placed adjacent to an adult child’s home. These temporary Accessory Dwelling Units (ADUs) allow seniors to be independent yet safe and close to family members, and can be outfitted with medical technology that monitors resident behavior and health. From ldnews in Lebanon, Penn., MHProNews has learned the Age Wave Initiative of Lebanon County is a consortium of professionals from business, health care, government and aging services who are attempting to address the needs of the Baby Boomer generation.

(Photo credit: n2care–Med Cottage)

Senior Housing to Hugely Impact Real Estate Market

July 18th, 2012 Comments off

Realty Biz News reports the impact of the aging of the U.S. population is the number one issue facing the real estate market. MHProNews has learned an estimated 7,000-10,000 boomers reach 65 years of age daily. As people age they spend less on housing and more on health care, and will need more assistive devices such as wheelchair ramps, wider doorways, and grab bars throughout the house to accommodate special needs. More dollars may conceivably go toward more affordable and age-specific housing, which could include manufactured housing, leading to softer pricing for houses well into the future. Stay tuned.

(Image credit: FotoSearch)

Build Housing Families Can Afford

February 17th, 2012 Comments off

In an op-ed piece in Statesman of Austin, Texas, Ed Wendler, Jr. says the most important issue in the upcoming city council elections should be affordable family housing. As a developer in a city where rents increased 7.2 percent last year and are expected to continue rising the next three years, he tells MHProNews.com wages are not rising, and housing takes 30 percent of a family’s income. If the trend continues, families will have to sacrifice health care, food, clothing, insurance, and transportation. Wendler says the focus on an upcoming federally subsidized “sustainable” project in Austin will no doubt be on solar energy, rainwater harvesting, recycled water, and other features that raise rent. He says, “Let’s see how affordably we can build housing that is family- and kid-friendly, energy-efficient, practical, durable, and constructed and financed without public subsidy. The bottom line: High rents prevent families from getting ahead.

(Photo credit: propertymodern)

NAR quarterly lobbying blows away manufactured housing lobby funding

November 29th, 2011 Comments off

Capitol_dome US_Jan_2006 credit wikimedia commonsMSN reports that the National Association of Realtors (NAR) spent 6.1 million dollars in the 3’d quarter of 2011 in federal lobbying efforts.  This is down from 7.1 million spent in the 2nd quarter, but up from the 4.5 million spent by the group in the 3’d quarter of 2010.  NAR lobbied in Washington on a wide range of issues, including health insurance, regulation of Fannie Mae and Freddie Mac, flood insurance, access to wireless networks, patent reform, data privacy and security, the inclusion of energy costs in mortgage underwriting, limiting homeowner and investor foreclosure losses, protection of the mortgage interest deduction and increasing lending caps on credit unions.  NAR successfully helped House and Senate negotiators reach a bi-partisan deal that would allow the Federal Housing Administration (FHA) to insure mortgages worth up to $729,750 in the most expensive regions of the country for the next two years.
(Editor’s note: A single quarter of lobbying funds used by the NAR dwarfs all of the lobbying done by every segment of the factory built housing industry in Washington, DC, a point recently stressed to MHProNews by a top factory built housing association leader).

(Graphic credit: NAR)