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MHI SVP Lesli Gooch & MHARR CEO Mark Weiss Bookend New, Prior HUD Controversies

August 28th, 2018 Comments off
LesliGoochMHIMarkWeissMHARRSecBenCarsonHUDBrianMontgomeryFHACommisionerPhotosDailyBusinessNewsMHProNews600

Left to right, Lesli Gooch, Ph.D., SVP at MHI; Mark Weiss, JD, CEO MHARR, Secretary Ben Carson, M.D., HUD; Brian Montgomery, Assistant Secretary for Housing and FHA Commissioner at HUD. 

HUD Secretary, Dr. Ben Carson, as the saying goes, “gets it.” – wrote Mark Weiss, JD, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) in a new Issues and Perspectives.

  

First, and most fundamentally, he understands – and has very plainly stated — that to successfully address and ultimately solve the nation’s affordable housing crisis, which has some 21 million American families spending more than one-third of their household income on housing expenses and 11 million of those spending more than half of their income on housing, it is “vitally important … to develop more affordable housing.” – declared Weiss, as part of a periodic release to the Daily Business News on MHProNews.

Beyond that,” said Weiss, “he [Carson] understands (unlike some of his predecessors at HUD) that “the first and most important source” of that much-needed affordable housing, “will always be private enterprise, whether operating independently, or in cooperation with HUD [or] other government initiatives.” 

And, perhaps most significant of all, he appears to understand what must be done – at HUD – to spur the growth and availability of affordable housing and home ownership from within the private sector and, more specifically, from within the manufactured housing industry that HUD not only comprehensively regulates through its Title VI manufactured housing program, but is also authorized to help finance through programs administered by its Federal Housing Administration (FHA).”

That statement by Weiss is a reminder to Daily Business News readers that a former U.S. president specifically promoted the use of FHA lending to sell more “mobile homes,” as that president put it, and for similar reasons.

Help Others “Get It” – Loans on “Mobile Homes” Promoted by Another U.S. President

So if Secretary Carson and HUD’s returning Brian Montgomery mutually address problems – like the GNMA 10/10 rule on FHA Title I (personal property) loans, or other reforms needed for FHA Title II lending – they’ll be following in that prior president’s pattern of financing support for the manufactured home (MH) industry. 

The question, though,” said Weiss “is whether the industry’s post-production sector (i.e., retailers, communities, developers, finance companies, and insurers, among others) “gets it,” and will act to create the type of independent collective representation that will be needed to seize these unparalleled policy opportunities.” 

In a speech earlier this year to the Policy Advisory Board of the Harvard University Joint Center for Housing Studies, and in a follow-up HUD publication entitled “Regulatory Barriers and Affordable Housing,” Secretary Carson clearly pinpointed the keys to unleashing the enormous potential of the manufactured housing industry to help expand homeownership and fulfill HUD’s essential mission of “ensur[ing] safe, affordable housing for [all] Americans.” – said MHARR’s CEO.

First, Secretary Carson observed that the availability of affordable housing for Americans cannot be achieved “by hindering those who are most responsible for creating it.” He thus emphasized the importance of the current – and ongoing — regulatory review of the HUD manufactured housing program being conducted under Trump Administration Executive Orders 13771 (“Reducing Regulation and Controlling Regulatory Costs”) and 13777 (“Enforcing the Regulatory Reform Agenda”).”- said Weiss.

MHARR, for its part, has strongly supported and encouraged this long-overdue review of HUD regulations and other pseudo-regulatory actions taken in violation of applicable law, and has submitted extensive comments detailing various aspects of the HUD manufactured home regulatory structure that must be changed, not only to achieve the regulatory reform agenda of President Trump, but also to achieve the overriding objective of the Manufactured Housing Improvement Act of 2000 – i.e., “to facilitate the availability of affordable manufactured homes and to increase homeownership for all Americans.” – said Weiss.  It’s a reference that evokes a reminder that the Manufactured Housing Institute (MHI)  Senior Vice President (SVP) Lesli Gooch, Ph.D., admitted to the Washington Post that MHI did not attempt to influence HUD regarding Pam Danner’s overreaches at the Office of Manufactured Housing Programs (OMHP).  That goes to the heart of what an association is supposed to do, and what Gooch admits MHI deliberately chose not to do.  ICYMI, see that prior fumbled opportunity by MHI in the report linked below.

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

Significantly, though – and as important as that regulatory review and reform process is – Secretary Carson did not stop there,” said Weiss.  

Read the rest on the MHARR website, here or at the link below.

“Another Missed Post-Production Opportunity?”

 

 MHI’s Lesli Gooch Claim Launches New Controversy…

MHARR has not yet spoken publicly about the following new controversy, declining comments about the written claim made below by MHI SVP Lesli Gooch.

It should be noted that the Daily Business News on MHProNews asked several HUD officials about the same comment by Lesli Gooch.

HUD has also avoided commenting on Gooch’s bold claim. 

Here’s what Gooch said as part of a longer chest-thumping statement, which she wrote in MHInsider.  Gooch called Brian Montgomery “MHI’s Candidate” for the HUD role of Federal Housing Commissioner, and the big man behind Secretary Carson.

 

ManufacturedHousingInstituteMHILogoGotCloutManufacturedHousingInstituteSVPLesliGoochPhotoDailyBusinessNewsMHproNews

From a column written by Lesli Gooch for MHI in MHInsider™.

What precisely does Gooch’s claim imply?

Isn’t she boldly hinting at MHI’s “Got Clout?” campaign claim? And if so, how will that “clout” be used by MHI?

Will Gooch and MHI be part of the problem of past HUD overreaches, or of FHA Title I lending curtailment?  Keep in mind that Tim Williams – prior MHI Chairman and still CEO of  21st Mortgage – curtailed FHA Title I lending to the independents of the industry. Meanwhile, Vanderbilt Mortgage and Finance kept making FHA loans to Clayton retailers, even after 21st suspended their use of FHA Title I loan program.

That in turn is evocative of how 21st previously curtailed lending to manufactured housing independents.  That  resulted in the failure and consolidations of numerous independents. ICYMI, that prior report can be accessed via the link below.

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

Will that claimed “MHI Clout” being asserted by Gooch with Brian Montgomery be used to continue to foster an environment that further consolidates the independents of the industry? 

How aware are officials at HUD of the history of the causes of the MH industry’s consolidation? 

As a reminder, Berkshire Hathaway brands and MHI have routinely ducked or declined discussion, debate, and comment that explains the contradictions noted in statements made by Warren Buffett quoted in Smoking Gun 3, claims by 21st’s Tim Williams, and those that relate from the Kevin Clayton video, posted in that report. 

None of the parties involved in this new controversy over Gooch’s claim directly answers those or other possible questions. 

That said, MHARR’s CEO finished his commentary this way. “As MHARR has emphasized before, conducting meetings, conferences, seminars and other similar gabfests will not change government policies in Washington, D.C. – especially ones that have been in place for years or even decades (like the under-utilization of federal preemption authority to clear away discriminatory exclusion enactments).  What is needed is strong, focused, aggressive, collective and most-importantly, independent advocacy on behalf of the thousands of smaller businesses that constitute the core of the industry’s post-production sector, whose interests today are, more often than not, sacrificed to the industry’s largest corporate conglomerates.

The opportunity for real change and for real growth in both the near and long-term, clearly exists.  The question is whether that opportunity will be seized and maximized where it counts the most.”   

Again, the full MHARR commentary is found at the related reports linked, above or here. See other related reports, further below.  “We Provide, You Decide.” ©. ## (News, analysis, and commentary.)

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Related Reports:

Rising Prices and Rates Cool Housing Sales, MH Industry Pro Sounds Off, New Data & Video

Warren Buffett Would be Okay With Clayton Homes Losing Money, Says Kevin Clayton – But Why?

 

 

4 Concerns of Homebuilders Have Impacting Every American

March 20th, 2018 Comments off

CoupleDiningRoomLaptop4ConcernsHomebuildersHaveImpactingEveryAmericanDailyBusinessNewsMHProNews

PwC Partner Mitch Roschelle says that homebuilders’ optimism is retreating. Roschelle cites among the factors behind the decline – land, labor and lumber – which could affect every American who owns or rents a house.

 

You could add one more “L” to Roshelle’s list, LIBOR.

LIBOR is a benchmark rate, which some of the world’s leading banks charge each other for short-term loans. It stands for London Interbank Offered Rate, and serves as a first step to calculating interest rates on various loan products throughout the world.

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) tells MHProNews that their builder sentiment gauge fell to 70, the lowest reading since last November.

NAHBWellsFargoHousingMarketIndexManufacturedHousingIndustryDailyBusinessNewsMHProNews

Builders’ optimism continues to be fueled by growing consumer demand for housing and confidence in the market,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, LA. “However, builders are reporting challenges in finding buildable lots, which could limit their ability to meet this demand.”

NationalAssocHomeBuildersNAHBlogoMultiFamilySingleFamilyDailyBusinessNewsMHProNews

A strong labor market, rising incomes and a growing economy are boosting demand for homeownership even as interest rates rise,” said NAHB Chief Economist Robert Dietz to the Daily Business News. “With these economic fundamentals in place, the single-family sector should continue to make gains at a gradual pace in the months ahead.”

FramingLumberPricesNationalAssocHomeBuildersDailyBusinessNewsMHProNews

Problems for Stick-Builders Could be Good News for Manufactured Housing…

Producers tell MHProNews that when components like steel, aluminum or lumber rise for conventional builders, even though it goes up for factory builders too, they increase is often less steep. Bulk purchase buying power is one reason for the advantage.

Less waste in the building process is another.

Manufactured housing sales have risen steadily since it hit its all-time low in 2009.

2008to2017HUDCodeManufacturedHomeProductionTotalsMHARRManufacturedHousingAssocReglatoryReformDailyBusinessNewsMHProNews

In spite of the obvious price and other advantages that manufactured housing has over conventional builders, the industry has still lagged behind.

The causes for that lag have been explored in other reports, including the analysis sparked by the Urban Institute’s report on manufactured housing. ## (News, analysis, and commentary.)

Related:

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

HUD Comment Letter – FR-6075-N-01 Regulatory Review of Manufactured Housing Rules

Reaching for the Sky, Multiple Level HUD Code Manufactured Homes

First Things First in Manufactured Housing

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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.

Land Bank Pursues Tax Delinquent Manufactured Homes

March 10th, 2017 Comments off
LandBankGoesAfterTaxDelinquentMHcreditWSAZ-postedtothedailybusinessnewsmhpronewsmhlivingnews

An unrelated home secured by the land bank. Credit: WSAZ.

In Lawrence County, Ohio, the county land bank is making a very strong statement with regard to manufactured homes that are delinquent on their taxes.

According to an editorial board letter in the Ironton Tribune, the land bank is looking to clean up abandoned and run-down properties across the county, but a federal rule is in the way.

There is one area where their hands are tied, and this is on properties with manufactured or mobile homes [sic],” said the letter.

Roughly 30 percent of all properties in the county and a quarter of those properties targeted by the land bank are categorized as mobile homes [sic], and account for $1 million annually in unpaid property taxes.

While the land bank can normally proceed with the process of cleanup, rules with regard to manufactured housing throw a wrench into that process.

Federal rules prohibit the use of federal funds earmarked for land bank demolition to be used on mobile homes [sic], even if they have been modified and attached to a permanent foundation,” said the letter.

LandBankGoesAfterTaxDelinquentMHcreditWRLandconsvervancy-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: WR Land Conservancy.

Per the Ironton Tribune, former Cleveland City Councilman Jim Rokakis urged the Lawrence County Land Bank to reach out to Ohio senators and urge them to change the restriction.

As a community, the cleanup of these properties that, in many cases, become havens for squatters or drug activity along with other potential hazards shouldn’t be treated any differently,” the letter said.

The only way this will change is through legislation at the federal level, and voicing your opinion or asking questions of your legislators is a responsibility we all share as residents.

 

LandBankGoesAfterTaxDelinquentMHcreditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Lawrence County, shaded in red. Credit: Google.

Officially created in July 2016 with a $4.325 million grant from the Ohio Department of Housing, the Lawrence County Land Bank secured residential and commercial abandoned, dilapidated or tax delinquent properties with the goal of getting them back on the tax rolls.

More coverage on the Lawrence County Land Bank from MHProNews contributor Matthew J. Silver is linked here. ##

 

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rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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