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HUD Code Manufactured Home Production Increases, January Report

March 6th, 2017 Comments off
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Credits: MHARR, HUD.

Washington, D.C., March 6, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production increased substantially during January 2017.

These just-released statistics indicate that HUD Code manufacturers produced 7,827 homes in January 2017, a 33.5 percent increase over the 5,862 HUD Code homes produced during January 2016.

MHARR says that the steady increase in HUD Code manufactured housing production since 2011 is “clear and indisputable evidence that manufactured homes not only continue to serve a vital role in the nation’s housing market, but that today’s high-quality manufactured homes are attracting ever-larger numbers of homebuyers.

MHARR’s analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through January 2017, with cumulative, monthly, current year (2017) and prior year (2016) shipments per category as indicated are:

The latest information for January 2017 results in no changes to the cumulative top ten list.

MHARR has long maintained that Fannie Mae and Freddie Mac cannot meet the mandate of “Duty to Serve” (DTS), and cannot adequately serve the manufactured housing market and the millions of moderate and lower-income consumers who rely on affordable, non-subsidized manufactured housing without manufactured housing chattel lending.

The full MHARR report is linked here.

For more commentary from MHARR, including Ben Carson’s confirmation as HUD Secretary, 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, MHProNews

January Home Sales Report Results

February 23rd, 2017 Comments off
USExistingHomesSalesReachHighestLevelinNineYearscreditHousely-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Housely.

The January U.S. home sales report is out and shows that sales have reached their highest level in a decade, despite limited supply and rising prices.

According to The Real Deal, deals on previously owned homes, which comprise the overwhelming majority of U.S. sales, hit a seasonally adjusted annual rate of 5.7 million in January, a 3.3 percent increase from December, according to data from the National Association of Realtors (NAR).

Buyers are in force in 2017,” said Nela Richardson, Redfin’s chief economist.

Demand for homes, measured by the number of tours that buyers take and the offers they write, is at its highest since January 2013.

The increase in demand bested economist’s expectations, which forecasted an increase of only 1.1 percent for January, following a 2.8 percent decline leading into December.

Credit: Businessweek.

Inventory increased 2.4 percent from December to January, as inventory dropped to its lowest level since the NAR began tracking supply numbers in 1999. According to NAR, it would take about three and a half months to absorb the supply of homes currently on the market.

And that low inventory is helping to push up median prices, which were up 7.1 percent year-over-year in January to $228,900.

As Daily Business News readers are aware, we continue to follow U.S. housing numbers closely, including recent coverage of NAR’s expectation that home sales, and prices, are expected to rise. That story is linked here.

For more on the manufactured housing industry’s reactions to these reports, and the impact of President Donald Trump on the economy, click here. ##

 

(Image credits are as shown above.)

 

Submitted by RC Williams, for the Daily Business NewsMHProNews.

 

 

 

 

RC Williams,

for Daily

Business News,

MHProNews.

Small Business Optimism Index: January Results

February 17th, 2017 Comments off
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Credit: Oprah.

Almost one month into the Donald Trump administration, things continue to look up.

According to the National Federal of Independent Business (NFIB) survey, small business confidence, which saw the largest month-over-month increase in the survey’s history in December, has now reached its highest point in more than a decade.

 

 

The stunning climb in optimism after the election was significantly improved in

JuanitaDugganPresidentCEONational_FederationIndependentBusiness(NFIB)postedDailyBusinessNewsMHProNews-

Juanita Duggan. Credit, NFIB.

December and confirmed in January,” said NFIB President and CEO Juanita Duggan.

Small business owners like what they see so far from Washington.

The Index reached 105.9 in January, an increase of 0.1 points, the highest point since December 2004.

The continued surge in optimism is a welcome sign that economic growth is coming,” said NFIB Chief Economist Bill Dunkelberg.

The very positive expectations that we see in our data have already begun translating into hiring and spending in the small business sector.

SmallBusinessOptimismIndexJanuaryResultscreditNFIB1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NFIB.

The NFIB survey is a monthly snapshot of small businesses in the U.S., which account for most private-sector jobs and about half of the country’s economic output. Economists look to the report for a read on domestic demand and to extrapolate hiring and wage trends in the broader economy.

SmallBusinessOptimismIndexJanuaryResultscreditNFIB2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NFIB.

The January jobs report surprised pundits and disappointed critics, coming in strong and well ahead of ‘consensus,” said Dunkelberg.

NFIB survey results anticipated the strong showing as their optimism gets translated into hiring action. Gains in expected sales require more workers to produce output and handle sales. The increase in labor force participation was a welcome sign, suggesting that labor markets are not as tight as the unemployment rate indicates which went up, and that, as opportunities materialize and compensation rises, more workers will re-enter the labor force.

The report from the NFIB is based on a survey of 1,874 small business owners. According to the Small Business Administration (SBA), small companies represent 99 percent of all U.S. Employers.

We’ve had very low growth for years, mainly because small businesses have been tied down by regulations, taxes, and spiraling health insurance costs,” said Duggan.

Now they can see relief on the horizon, and they are much more optimistic about the future.

For more on last month’s NFIB survey and commentary from the manufactured housing industry, click here. ##

 

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RC Williams, for Daily Business News, MHProNews.

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