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Father’s Day, ‘Making America America Again’

June 16th, 2019 No comments

 

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Pardon the pun, but we believe that facts trumps spin.

 

Actor Scott Baio said it during the 2016 GOP Convention. Democratic hopeful and former Vice President Joe Biden said it recently too, though both meant something different by the same words. “Make America America Again.” But it was Let America Be America Again” is a poem written in 1935 by American poet Langston Hughes, per Wikipedia. Let’s look at that slogan in a unique way, using the context of Father’s Day. 

 

Millions of fathers of millennials were raised with a Horatio Alger view of America. “A man’s home was his castle.” History reflects that women or men could achieve the American Dream. With savvy, hard honest work, a few breaks, discipline and so on, anyone could become a millionaire, if that was a person’s goal.  These were common thoughts, although the evidence even then was incomplete at best.

There is a significant, albeit imperfect, correlation between overall home ownership rates and the sales of more manufactured homes. The graphic below tells part of the tale. 

 

UnitedStatesHomeOwnershipRatesWikiDailyBusinessNewsManufacturedHousingIndustryMHProNews

Some of the spike in conventional housing sales in the 2000s were through so-called ‘liar loans.’ Those in turn set the stage for the 2008 housing/mortgage crisis. The correlation is not perfect, but it is common sense that when more affordable housing – including factory-built homes – are being sold, then the overall rate of home ownership will rise by that same degree.

 

Compare that graphic to the production of pre-HUD Code mobile homes, and post HUD Code manufactured homes. Given the caveats cited, do you see some correlation between the two rates?

 

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The reason that presidents on both sides of the political aisle often promoted first mobile homes, and later manufactured homes is because several understood that affordable housing needs were being met by the private sector with factory-built homes.

 

America has to a certain degree gone from ‘can do’ mentality to ‘no, there’s a law or regulation, and you can’t do that.’

Let’s stress that ‘Leave it to Beaver’ and ‘Father Knows Best  were more idealized than a universal truth. But that such TV programs existed and were widely embraced decades ago depicted a world view that has been slowly shifting. Now, one has to go to TV Land on cable to see that type of programming – which was often literally in black and white.

Race riots during the later half of the prior century were often fueled by practical hurdles to equality. But if one traveled back in time to the early 1200s and England, whites were fighting other whites over the rights of the people. These were finally guaranteed by the Magna Carta in 1215.

 

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Among the rights safeguarded by Magna Carta were protection of private property – housing – rights.

 

It is also a historic fact that free blacks owned black slaves in various parts of pre-1865 America. That’s not to say that race wasn’t a factor in America, of course it was. But those two factoids about whites oppressing whites and blacks oppressing blacks are to stress the reality that there has been a long climb up from slavery, to serfdom that all races were subject to for much of human history.  That struggle toward a higher degree of freedom and equality crossed several imaginary lines we hold to today. Injustice and oppression has existed globally since early in the dawn of human history.  Indeed, a fair view of history could be imperfectly summed up with the following sentance.  History is the story of the struggle of one group, tribe, people, or nation trying to oppress others, and those others resisting – or succumbing to – that oppression. 

Those acts of oppression occurred within a ‘nation,’ as well as between tribes and nations.

Why do people pour across our southern border if not because they hope to get a better life here in the imperfect USA than their even more imperfect and troubled homeland? 

The expression ‘it’s not what you know, it’s who you know’ takes the American Dream and turns it on its head. But that expression exists because it reflects the understandable perspective of numbers of people that the system is to some extent rigged.

This writer grew up in the wake of the civil rights era. America wasn’t perfect then, nor is it now. But my parents came to America after post-World War II Europe.  They had witnessed first-hand the devastation caused by the National Socialists (NAZI) and the Union of Soviet Socialist Republics (USSR), who between the two had carved up Poland and other places, until the two European socialist powers turned upon each other. 

Sanitized American or global history helps no one, save in the view of those who engage in revisionism in the hopes of weaponizing the past to their supposed benefit in the present. 

Home ownership and the right to earn an honest living and keep the product of one’s own two hands have been frustrated at various times for large periods of our national and global history. It is no surprise that it is so today.

 

Fathers and Families

Good fathers – as well as good mothers – routinely want the best for their children. There are sad exceptions to the rule, but there is something deep within a parent in an organic family that desires to improve the lot of their offspring.

  • Ease of access to capital,
  • ease of access to home ownership,
  • equality of opportunity,
  • equal justice under the law,

these are just some of the ideals that have sparked generations of Americans for centuries.  Don’t forget that despite the guarantees of Magna Carta, it was imperfectly applied.  That’s why thousands left England, risking a dangerous voyage to come to the American colonies in the first place. History is an uneven struggle of advances and retreats in personal rights. That’s true here and in other lands too. As a disclaimer, this writer has been a political independent for years, respectful of the rights of those who support this or that major or minor political party.  The point is that these facts have political implications, but they transcend politics too.

As was noted last Sunday, some 70 years after George Orwell’s novel 1984 was published, his thoughts are sparking new interest. Orwell and other authors saw what was taking shape in their time, and they warned against a possibly darker future ahead. Big brother re-casting history, creating memory holes to do away with inconvenient truths, these Orwell and others could see were already becoming problematic.  A good bit of Orwell’s concerns related to weaponizing history.

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Thousands of manufactured home industry professionals have little or no clue about the rich history of their profession. Nor do most understand the context of their industry in the broader scope of Americana. For example, in the early 1970s, new home shipments approached 600,000 new homes per year for 2 years. Given more technology, and billions in capital that poured into the U.S. from overseas or domestically from tax reforms, is there any reason why manufactured homes can’t exceed those totals today? See more about Orwell and thought-provoking quotes at the linked report here and further below.

 

America is polarized today. But it was at the time of the revolution against England too. There were decades of efforts known as the abolition movement to end slavery. There was division in the lead up to the war between the states, which is most commonly called the Civil War.  There is an uneven march to ending serfdom and slavery in the world, as the graphic below depicts.

 

TimeLineForAbolitionofSlaverySerfdomByCountryYearsWikiDailyBusinessNewsMHproNews

Along with ending serfdom or slavery in a formal sense, it is wise to understand that the right to private property goes with personal freedom. Economic, religious, political, and personal liberty all go hand-in-hand. Part of the tragedy of our era is that reportedly tens of millions are still de facto slaves in various parts of the world. The fight for freedom never stops.

 

Those points said, while there are always extremists, there is perhaps an opportunity to forge something new and unique in our own time. But that will only occur if people clearly see what’s gone wrong, and address the root causes of injustices. Those injustices include limiting people’s access to affordable housing.  They also include manipulations – what Senator Bernie Sanders and now President Donald J. Trump have called – a rigged system.  Increasingly, left and right see similar issues.  What differs is their approach to solving those issues.

Our industry has arguably been weaponized from within, not just from outside it’s boundaries. In contacts with public officials – elected and appointed- there is among several a willingness to accept the evidence and reasoning presented here on MHProNews and on MHLivingNews, precisely because we strive to accurately cite facts, evidence and sources.  Meaning, we strive to be grounded in reality. That in turn means our readers are more grounded in reality too. 

As our readers are routine sources of news tips, it is an exchange, not a one-sided communication.  

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP, Comments or Letter to Editor in the subject line.

 

Mobile and Manufactured Home History

Yesterday, we noted the celebration of the 43rd Anniversary of the start of HUD Code manufactured homes (see reports below). One might wonder why the same powers-that-be in the Omaha-Knoxville-Arlington axis that failed to robustly tout the Innovations in Housing Showcase also failed to build on that event by celebrating the start of manufactured housing on June 15, 1976?

The truth is hiding in plain sight. We see evidence from politicos on both sides of the left-right aisle that manufactured homes could become a factor in the 2020 contests ahead. 

But as or more important, manufactured homes offers an opportunity for those who want their own slice of the American Dream to have it. Research shows that most renters – something like 80 percent – want to be owners someday. 

There are an estimated 111 million renters – per Apartment List – in America.  Those fathers, mothers, and households must be presented with the full truth about manufactured homes. They must also be given the opportunity tap that opportunity in practical ways.  That’s why topics like ‘enhanced preemption’ are so vital.

 

Be it Ever So Humble…

Even with all of the hardships and challenges, America represents an opportunity that most places on earth only aspire to have. Never forget that as we work in our own way for a better American Republic, we are each already so fortunate when compared to billions of others around the world. 

The truth and proven principles must be the guiding lights in the night sky.  That’s part of what that featured image at the top means.

Let’s all tip the hat to our fathers, who along with our mothers, made our lives possible. My folks and yours were human, a mix of goodness and weakness. That’s why we need a measure of mercy and appreciation combined. 

Then, let’s build on the hard work of the generations that have struggled for an ever higher degree of human freedom and equality under the law. Let’s make sure that those who manipulate the system in ways that diminish our own rights and that of others are exposed, and brought to as swift an end as the law permits.

The monopolization of America is just part of a pattern that been evolving. It’s not only occurring in our manufactured home (MH) industry, but there are egregious cases in MHVille that must be addressed. That will involve the legal and political systems.  In a sense, the biggest compliment we can get is the back-handed one that the Omaha-Knoxville-Arlington axis work so hard to obscure or attempt to undermine what we do here. The second biggest compliment they can give us is to keep ducking public debate over the published concerns. If they were so confident, they’d debate us, right? Instead

That said, well plan to be here for you day-by-day to share the reports, to celebrate the successes, to do the fact-checks and analysis, as well as to call for the corrections needed. 

Happy Father’s Day.

Those latest reports follow below. With no further adieu, let’s dive into the week that was from 6.9.2019 to 6.16.2019.

 

New June Featured Articles:

Including new Tim Connor, plus A Cup of Coffee with…, and other reports – linked here.

 

What’s New on MHLivingNews:

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https://www.manufacturedhomelivingnews.com/goodbye-trailer-houses-and-mobile-homes-happy-43rd-anniversary-hud-code-manufactured-homes/

 

What’s New in Washington, D.C. From MHARR

 

 

What’s New on the Masthead

Surprising Non-Partisan Revelations, Opportunities, Controversies Could Decide 2020 Campaigns – Affordable Housing, Antitrust, Wealth Inequality, and Manufactured Homes

Surprising Non-Partisan Revelations, Opportunities, Controversies Could Decide 2020 Campaigns – Affordable Housing, Antitrust, Wealth Inequality, and Manufactured Homes

 

 

What’s New on the Daily Business News

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Saturday 6.15.2019

·        Celebrating Manufactured Housing’s 43rd Birthday, Born June 15, 1976

Celebrating Manufactured Housing’s 43rd Birthday, Born June 15, 1976

 

Friday 6.14.2019 

·        It’s Your Money, Your Future – 2020 Democratic Presidential Debate Line Up, Plus Manufactured Home Stock Updates

It’s Your Money, Your Future – 2020 Democratic Presidential Debate Line Up, Plus Manufactured Home Stock Updates

·        RE Focused Economist Says, ‘Millions of Housing Units’ Needed

RE Focused Economist Says, ‘Millions of Housing Units’ Needed

·        Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

·        “Together, We Are Building a Safe, Strong, and Proud America,” Happy Birthday, President Donald. J. Trump

“Together, We Are Building a Safe, Strong, and Proud America,” Happy Birthday, President Donald. J. Trump

 

Thursday 6.13.2019 

·        Criminal Justice Reform, Benefits Cited, Including MH Industry, Communities, American Society

Criminal Justice Reform, Benefits Cited, Including MH Industry, Communities, American Society

·        Tanker Strike Spark Oil Jump, Likely Rise in MH Transport Costs, plus Manufactured Home Stock Updates

·        Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

·        City Ponders “Mobile Housing Units,” to Address “Affordable Housing Shortage,” Citizen Reaction

City Ponders “Mobile Housing Units,” to Address “Affordable Housing Shortage,” Citizen Reaction

 

Wednesday 6.12.2019 

·        “Have…Giants…Stifled Competition,” Antitrust Battle Lines in D.C., plus Manufactured Home Market Updates

“Have…Giants…Stifled Competition,” Antitrust Battle Lines in D.C., plus Manufactured Home Market Updates

·        Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

·        Time to Say Goodbye, Lessons Learned, What’s Next

Time to Say Goodbye, Lessons Learned, What’s Next

·        Highlights Of Consumer Financial Protection Bureau Director Kathleen Kraninger’s First Six Months, What’s Next?

Highlights Of Consumer Financial Protection Bureau Director Kathleen Kraninger’s First Six Months, What’s Next?

 

Tuesday 6.11.2019

·        News Media Alliance Slams “Anti-Competitive Behavior,” Report, Congress Investigates – Plus Manufactured Home Stock Updates

News Media Alliance Slams “Anti-Competitive Behavior,” Report, Congress Investigates – Plus Manufactured Home Stock Updates

·        Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

·        WAVY, Mainstream TV – HUD Secretary Ben Carson, Innovative Housing Showcase – Clayton Homes, and Berkshire Hathaway Revelations

WAVY, Mainstream TV – HUD Secretary Ben Carson, Innovative Housing Showcase – Clayton Homes, and Berkshire Hathaway Revelations

·        Country Star John Rich Performs ‘Shut Up About Politics’ – Manufactured Housing Takeaways

Country Star John Rich Performs ‘Shut Up About Politics’ – Manufactured Housing Takeaways

 

Monday 6.10.2019

 

·        U.S. Chamber hits POTUS on ‘Weaponization of Tariffs,’ POTUS Trump Hits Back, plus Manufactured Home Stock Updates

U.S. Chamber hits POTUS on ‘Weaponization of Tariffs,’ POTUS Trump Hits Back, plus Manufactured Home Stock Updates

·        Governor Kristi Noem Tells Young Woman too Many People are Governed by Feelings

Governor Kristi Noem Tells Young Woman too Many People are Governed by Feelings

·        HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

·        “Cribs with Carson,” Tiny House, Manufactured Homes, Innovative Housing Showcase, National Mall, Washington, D.C. Video Report

“Cribs with Carson,” Tiny House, Manufactured Homes, Innovative Housing Showcase, National Mall, Washington, D.C. Video Report

 

Sunday 6.9.2019

·        George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

Don’t forget, for the biggest possible professional audience and
top business/team development services,
click here.

 

Let’s close with the following plug, that is actually free plug for you and your professional future.

There are a numerous good reasons why you should be on our industry-leading email headline news list. Let’s name only a few.

  • When numerous federal officials are on our email list, shouldn’t you want to know what their reading?
  • When the corporate leaders of the largest companies in manufactured housing are – per our sources – regular ‘5 star’ readers of our headline news, knowing they may not even like what they read, doesn’t that tell you that you should be reading them too?
  • When thousands of industry professionals logon daily, routinely from our 2x weekly email headline news, isn’t that across-the-board ‘voting with time and browers’ the strongest reason you could have for being a regular reader too?
  • We are pro-industry, pro-consumer, pro-growth, and believe that our industry’s proven solutions are fundamentally nonpartisan.
  • To properly inform and educate others, one must be as informed as they can be too.  This site is ‘informing the leaders,’ and ‘teaching the teachers.’ While we disagree with several of Warren Buffett’s business practices, one must acknowledge the wisdom of his habit of reading a lot, from a variety of sources. He reportedly reads 5 to 6 hours a day.  If you read 30 minutes to an hour a day here and on MHLivingNews, you’ll find yourself grasping opportunities, and avoiding possible heartaches that you may not have realized existed.
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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

When our homes and industry are properly understood, manufactured housing can be a major force for solving the affordable housing needs of Americans. That means we can be part of lifting millions from dependence to greater independence. From poverty to greater personal wealth. That’s accomplished in part through education and information, and this is the runaway #1 professional resource for that in all of manufactured housing. Thank you so much for your part in making that statement true. “We Provide, You Decide.” © ## (Sunday headline news recap, commentary, fact-checks, and analysis.)

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHLivingNews-575x170(Third-party images and citations are provided under fair use guidelines.)

L. A. ‘Tony’ Kovach is co-founder of MHLivingNews, MHProNews, is a highly acclaimed industry consultant, a managing member of LifeStyle Factory Homes, LLC, and is a 25 plus year award-winning manufactured home industry professional. Kovach earned the Lottinville award in history at the University of Oklahoma. His minor in business included “Management by Objective (MBO).

 

Related Reports:

Click on the hot-linked text-image boxes below to learn more.

 

 

 

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https://www.manufacturedhomelivingnews.com/former-manufactured-housing-institute-president-manufactured-home-owners-urban-institute-and-you/

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

MHARRLaunchesFightingDiscriminatoryZoningMandatesManufacturedHousingProjectMHProNews

https://manufacturedhousingassociationregulatoryreform.org/mharr-launches-fighting-discriminatory-zoning-mandates-manufactured-housing-project/

 

 

 

 

 

 

 

Homes in America – The Land Where Even Doctors Struggle

April 13th, 2017 Comments off

HomesinAmericaLandWhereEvenDoctorsStrugglecreditReMaxLeadingEdgePostedMHLivingNewsIn the United States, some are native born, some immigrate, but all are unified in pursuing the American Dream.

For most, that includes owning a home. But according to a new report on housing affordability from real estate firm Trulia, there are some places in the country where even doctors struggle when it comes to home buying.

A combination of home prices on the rise and inventory at historic lows has pushed homeownership further and further away from middle-income Americans.

Nationwide, the average American worker earns $37,040 annually, while the median cost of a home is $254,900.  This is another compelling reason why there are trillions of dollars in opportunities for manufactured housing, per the report earlier this week by Soheyla Kovach.

The full story on the Trulia report is available at MHLivingNews, linked here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Report submitted by RC Williams to the Daily Business News, MHProNews.

Clayton Homes Announces New Home Buyer Tool

January 13th, 2017 Comments off
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Kevin Clayton, left, Warren Buffett, right, standing in a Clayton Homes model. Credit, TodayOnline.

Clayton Homes, a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK/A) has announced its commitment to make the home buying process an outstanding experience for customers during every single step.

With the release of a news infographic, They can now guide the customer through the experience of shopping for a home.

The company tells MHProNews that the infographic walks customers through the complete “homebuyer’s journey,” from browsing the website to becoming a homeowner.

Clayton already offers a number of tools for navigating the homeownership process on its website, including a “Learn” page that provides helpful articles and videos that educate customers on what they can expect.

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The new Clayton Homes infographic. Credit: Clayton Homes.

The Learn section of Clayton Homes is full of helpful resources and guides for homebuyers,” said Clayton CEO, Kevin Clayton.

We want people to know what to expect at every step of the way because a better informed customer creates an empowered homebuyer. When the process is demystified, our customers are able to better make informed decisions and truly enjoy the journey of finding, designing and buying a Clayton Built home that is perfect for their families.

Clayton is further enhancing the home-buying experience through the unveiling of its newest customer experience initiative, “Building Happyness.” The mantra is designed to remind Clayton team members that every customer touchpoint is an opportunity to make the experience extraordinary.

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Clayton Fusion model, New Durham Estates, Westville, IN.

We are always looking to provide the best customer experience possible at every step of the home-buying process,” said Clayton.

As a company providing the dream of home ownership, we are responsible with helping each customer in their pursuit of happiness. We will deliver an outstanding experience by continuing to push ourselves to focus on innovation, sustainability, quality and durability.

Clayton Homes is the largest producer of manufactured homes (MH) in North America. Vertically integrated, the company has several hundred retail centers nationwide. Through its affiliates and family of brands, Clayton builds, sells, finances, leases and insures Clayton-built manufactured, modular homes.  The operation also buys products and uses services from other producers.

For the most recent closing numbers on all Berkshire Hathaway – and all MH industry-connected tracked stocks – please 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.

Mobile and Manufactured Homes Gets Federal Grant Money

January 5th, 2014 Comments off

lynn-friedman-manufactured-home-flickr-630x472-posted-daily-business-news-mhpronews-.jpgOstego County New York was awarded a Federal Community Development Block Grant to rehabilitate the “mobile homes” of low and moderate income families. CNYNews tells MHProNews that the County has recognized how “important and widespread” the need is for manufactured housing as a form of affordable home ownership. Key points in the program included 1) to ensure the long-term viability of existing mobile homes as permanent and affordable housing, and 2) to provide accessibility modifications for disabled individuals and to help household members aging in place. Interested parties should contact the project manager Otsego Rural Housing Assistance (ORHA) at 607-286-7244.

(Photo Credit: CNYNews and Flikr)

Clayton Provides Homes for Next Step

September 4th, 2013 Comments off

The nation-wide nonprofit Next Step has assisted over 100 families obtain new, energy-efficient manufactured homes, often replacing energy-sucking, deteriorating factory-built homes from pre HUD-Code days. The organization has partnered with industry giant Clayton Homes to open the door to home ownership of Energy Star qualified dwellings, projecting residents will save nearly $4 million on their energy bills, and $12.5 million in interest over the life of the 30-year loans. Founder and CEO of Next Step Stacey Epperson grew up in rural Kentucky where dilapidated manufactured homes (MH) were much the norm, and she decided to do something about it, initially steering people away from buying MH. After hooking up with Clayton, she realized the value of quality, affordable homes for the people she served, according to the Christian Science Monitor. In one case, the utility bills of an elderly woman who received a Next Step home fell so dramatically from her old factory-built home the power company thought she had passed away. MHProNews has learned the homes the organization has provided so far has reduced greenhouse gas emissions by 9,000 pounds.

Center for Housing Studies says Housing Recovery is Real

July 29th, 2013 Comments off

While the Census Bureau says home ownership is at its lowest point in 15 years, Harvard University’s Joint Center for Housing Studies reports “After across-the-board declines in 2011, all major house price indexes registered significant increases in 2012.” As documentation, the Center says the March 2013 median house price was up 11.6 percent over March 2012, and as of April 2013, home prices have risen in all except two states and in 94 of 100 major metropolitan markets. Between Q4 2011 and Q4 2012, the number of underwater borrowers dropped 1.7 million to 10.4 million, which represents 23 percent of all mortgage holders. Further, as philly.com informs MHProNews, the rise in prices resulted from increased sales and fewer listings. April 2013 marked the 34th consecutive month of rent increases as ranked by the Consumer Price Index, and last year rental households grew by 1.1 million. Eric S. Belsky, the joint center’s managing director, says, “Even as historically low interest rates have helped make the monthly cost of owning a home more favorable than any time in the past 40 years, the national homeownership rate fell for the eighth straight year in 2012.” He adds, noting the challenges still ahead, “Long-term vacancies are at elevated levels in a number of places, millions of owners are still struggling to make their mortgage payments, and credit conditions for home buyers remain extremely tight.”

(Photo credit: knoxnews)

Builders want Congressional Support

June 4th, 2013 Comments off

In testimony before the House Energy and Commerce Committee’s Subcommittee on Commerce, Manufacturing and Trade, Rick Judson, Chairman of the National Association of Home Builders, said, “How lawmakers and regulators deal with tax reform, home energy codes and the availability of building materials will go a long way to ensure a robust, long-term recovery for housing and the economy.” Noting the importance to our economy of home ownership, he says while NAHB supports tax reform, any change in policy that makes it tougher for people to become homeowners “Will have a significant long-term impact on household wealth accumulation and the makeup of the middle class as a whole.” As MHProNews has learned, NAHB is also asking building code officials to grant tax credits for building more energy-efficient homes. “Any effort to ease escalating price pressures, help rebuild the supply chain and support a continuing housing recovery is effective economic policy,” said Judson.

(Photo credit: constructionweekonline–Hawthorn Brook Group, Ireland)

Immigration Reform Could be Boon to Housing Industry

May 21st, 2013 Comments off

According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by Hispanics, generating over $500 billion in home sales. An additional $233 billion in commissions, fees and spending connected to home-ownership would further add to the economy. A report released by (NAHREP) states Hispanic homeowners increased 58 percent from 2000 to 2012, from 4.24 million to 6.69 million, as compared to five percent net growth for the remainder of the nation’s population. The report also suggests Hispanics accounted for 51 percent of all household formation in 2012, and in 2010, 10.4 percent of all U. S. homeowners were Hispanic. As MHProNews has learned, NAHREP President Juan Martinez says, “Foreign-born householders have a high value and strong desire for homeownership. They have been here in our midst for years, working and participating in our economy. Legitimizing them through immigration reforms would finally give them the access and the confidence to buy homes.”

(Image credit: firstbanktrust)

Rep. Fincher’s Remarks Regarding HR 1779 in the Congressional Record

May 3rd, 2013 Comments off

Rep. Stephen Fincher (R-Tenn.), Rep. Bennie Thompson (D-Miss.), and Rep. Gary Miller (R-Calif.) sponsored The Preserving Access to Manufactured Housing Act, HR 1779, which will amend the provisions in Dodd-Frank that curtail the availability of manufactured housing loans. In remarks in the Congressional Record of April 26, 2013, Rep. Fincher, while noting the importance of manufactured homes as affordable housing that many families rely on, states the housing turndown resulted in an 80 percent reduction in the production of MH, the closing of 160 plants, and the loss of 200,000 jobs. He says the Consumer Financial Protection Bureau (CFPB) issued guidelines as required under the Dodd-Frank Act that will classify many manufactured home loans as predatory and high-cost under the Home Ownership Equity and Protection Act (HOEPA). He says, “ Simply put the cost of originating and servicing a $250,000 loan and a $25,000 loan are the same in terms of real dollars, but the cost as a percentage of each loan’s size is significantly different. This difference causes the smaller-sized manufactured home loan to potentially exceed the new HOEPA thresholds set by Dodd-Frank and be categorized as a high-cost mortgage and stigmatized as predatory, even though there is nothing predatory about the features of the loan. The liabilities associated with making and obtaining a HOEPA high-cost mortgage will likely prevent lenders from offering loans to low and moderate-income homebuyers, denying families access to necessary credit for new and existing manufactured homes.” Noting the business model for buying manufactured homes differs from a traditional mortgage, he adds the measure would also remove manufactured home retailers and salespersons from being classified as loan originators, providing they do not receive compensation from a lender. As MHProNews reported April 27, the Senate will be considering a similar bill. For the entire entry into the Congressional Record, please click here.

(Photo credit: Champion Homes)

Survey: The Dream is Alive!

March 18th, 2013 Comments off

HousingWire informs MHProNews that 87 percent of the respondents in a recent survey by JPMorgan Chase say home ownership remains part of their dream. Seventy-five percent envision owning a home as crucial to raising a family, and 66 percent believe it is a good investment. Compared to six months ago, almost twice as many first-time possible home-buyers believe they will be able to put money down on a house in the coming six months. Over half of the respondents expect their financial situation to improve within that time frame.

(Image credit: Fotosearch)