Posts Tagged ‘manufactured home marketing sales management daily business news’

Presidential hopeful makes campaign stop at New Hampshire Modular producer

August 19th, 2011 Comments off

Rick_Perry_at_Epoch_Homes_Union_LeaderUnionLeader reports that Texas Governor Rick Perry made a campaign stop at Pembroke based modular producer Epoch Homes. While at Epoch, presidential hopeful Perry called for reduced regulations to get businesses creating jobs in the U.S. instead of outsourcing them overseas. Perry met with Epoch employes, in typical New Hampshire campaigning style. Dave Quinn has been an Epoch employee for 3 years.    Quinn, from Auburn NH said he is a registered independent but usually votes Republican. While undecided, Quinn said he’s leaning toward Gov. Perry over former Gov. Romney. “I like his big push on deregulation,” Quinn said. “That push to give control back to the people, that’s what’s really swaying my position to support Gov. Perry over Mitt Romney.” John Ela, president of Epoch Homes, expressed enthusiasm for a candidate like Perry, who “focuses on the concept of the American dream is very important to us.” Epoch’s Ela also said that “As governor, he cut taxes and in one of the first times since World War II he was able to cut spending in his state,” Ela added “That’s certainly something you’ve seen a lot about in the news lately: the need to cut government spending.”

(Photo credit: UnionLeader)

Depressed housing my not be a break for renters

August 19th, 2011 Comments off

Shelter_costs_graphic_Labor_Dept_&_BloombergBloomberg reports that the drop in real estate values has not helped reduce housing costs. Due in part to more households entering the ranks of renters, the cost of shelter has actually risen in the U.S.. The Labor Department reports that year to date through July, shelter costs have risen 2.7 percent on an annualized basis. This is the highest rate of increase since January 2008, shortly after the recession began. Shelter in this case includes houses, apartments, hotels and college dorms. The report doesn’t mention manufactured housing, which may be included under houses. Rental vacancies are at the lowest level since 2002, pegged as being at 9.2% in June. Shelter consumes 32% of the Consumer Price Index (CPI), so this creates challenges for the Fed and government planners. Federal officials have been examining the idea of using homes in Fannie Mae and Freddie Mac’s inventory as rental units, a move that may ease the rise on shelter expenses and take some of the foreclosure inventory off the market.

(Shelter cost graphic credit: Labor Department & Bloomberg)

Manufacturing company adding 60 jobs by 2012

August 19th, 2011 Comments off

IN_Map_courtesy_of_Wikimedia_Commons posted Manufactured Home Marketing Sales Management NewsSentinel reports that Dexter Axel plans to ad 60 new jobs by the start of 2012. The northeastern Indiana firm anticipates an average hourly wage of $18.50 for these new positions. The jobs will include machining, welding, heat treating components for axles. Dexter said the picked Albion IN because it is close to another plant. Dexter has five facilities in the U.S. supplies axles, frames and related components in the utility trailer, recreational vehicle, heavy-duty and manufactured-housing markets.

(Graphic credit: Wikimedia Commons)

NAR’s Yun says Progress in America has Stopped

August 19th, 2011 Comments off

Lawrence_Yun,_NAR_Chief_Economist,_RealtorRealtor provided a commentary by Lawrence Yun, the National Association of Realtors (NAR) respected chief economist. Yun stated that U.S. GDP is still below 2007 levels, even though we have 10 million more in the “workable age of 16 and over.” Yun said, “In short, it seems like “’Progress in America” has stopped.” He continued, “Aside from the lack of enthusiasm among large companies, one major reason for the economic struggle is that small businesses – the entrepreneurial heart of America – cannot find funds either to establish themselves or to keep going.” Yun explains that home equity is a source for many business start ups or expansions. That equity stands at, “$6.1 trillion versus $13 trillion in 2006 according to Flow of Funds data from the Federal Reserve. The Census Bureau reports that there are 74 million homeowners. So on average, the average equity per homeowner in 2011 is $82,000, down from the $170,000 in 2006.” Yun explains that median homeowner net worth is $190,000 compared to $4000 the median net worth of a renter household, according to the Census Bureau. Economic recovery thus largely depends on housing price recovery, and any moves by the federal government that hamper that recovery – such as removing the mortgage interest deduction – or advances the home value can impact the economy significantly.

(photo credit: Realtor)

HUD accused of ‘end around’ that poses threat to manufactured housing companies

August 18th, 2011 5 comments

G:\MH\Daily Business News\MHCC_committee_meeting_in_April_2010_Manufactured_Home_Marketing_Sales_Management_MHMSM.com_MHProNews.com__001.pngMHARR and other sources reported on the August 17th MHCC conference call with HUD. The Manufactured Housing Association for Regulatory Reform (MHARR) release provided a brief history on how HUD moved from “voluntary compliance” on expanded in plant inspections which was later deemed “not optional” by HUD. This was done in-spite of past opposition at the Manufactured Housing Consensus Committee (MHCC) and without further consultation by the MHCC. Sources state this subverts a key purpose of the MHCC, which was created as a check on regulations created by the Manufactured Housing Improvement Act of 2000 (MHIA 2000). Sources tell that without reasonable controls of HUD regulators and their contracted agents, smaller manufacturers can be regulated out of existence, especially when shipment levels are at historic lows. This in turn can cause higher prices for retailers, communities and consumers. As Doug Gorman and others who have served on the MHCC have previously reported to, this is precisely the types of efforts MHARR takes on that the industry needs. Gorman noted that the MHIA of 2000 requires HUD to do a cost benefit analysis of such regulations, which is also the position of MHARR. A link for the full MHARR press release is here.

(File Photo credit: April 2010 MHCC meeting)

Editor’s Note: While most of our blogs and feature articles have the ability to post comments, Daily Business News stories do not often get posted comments.  That said, this one has already had two posted.  Click the comments tab, and within the bounds of civility and common sense, readers comments are welcome and encouraged.  Naturally, no ‘spam’ is allowed.  MHI issued their own report on this subject one day after MHARR’s, which is part of the MHI Week in Review at this link.

Warren’s Wisdom: Housing is key to U.S. Recovery

August 18th, 2011 Comments off

Warren_Buffett_photo_credit__WikiMedia_Commons posted Manufactured Home Marketing Sales Management Forbes reports that the Sage of Omaha – billionaire investor Warren Buffett – believes that housing is the key to the economic recovery. Buffett, whose Berkshire Hathaway owns Clayton Homes, Vanderibilt Mortgage, and other factory built housing, lending and building suppliers, believes most banks and corporate profits are in good shape now. “It’s not doing fine in things tied to residential construction. That won’t come back until we work off the excess inventory. But the amount of excess inventory is not as high as a lot of people think, in my judgment.” Buffett said. Housing could work off the excess inventory of foreclosures before mid-2013. When housing returns to a million starts a month, unemployment will drop below 7%. He doesn’t expect a double-dip recession, unless Europe’s debt crisis spills over impacting American markets or U.S. consumers go into a ” huge funk.”

(photo credit: Wikimedia Commons)

Forums says Tax Break necessary for housing market, U.S. Economy

August 18th, 2011 Comments off

Sal_Aranda_photo_credit;_FacebookSignal reports that Sal Aranda and NAR’s chief economist Lawrence Yun have taken public stands against elimination of the mortgage-interest tax deduction. Aranda stated that “Realtors believe that changes to the mortgage-interest deduction now, or in the future, could threaten recent progress toward stabilizing the housing market…critically erode home prices and values regionwide, destroy middle-class wealth accumulation statewide and hurt economic growth nationwide.” Aranda points to a Tax Policy Center forum, “Rethinking the Mortgage Interest Deduction” which the Urban Institute, Brookings Institution and the Reason Foundation joint ventured. These prestigious bodies came to that conclusion, which is supported by the National Association of Realtor’s chief economist Lawrence Yun. “Realtors firmly believe that the mortgage-interest deduction is vital to the stability of the American housing market and the economy,” Yun said. “Doing away with the deduction shouldn’t be thought of as removing a tax break for homeowners, but rather increasing taxes on the middle class,” Yun stated, adding: “Furthermore, housing equity has been a major source of funds for small businesses, and any change to the mortgage interest deduction will greatly hamper their ability to create jobs.” Aranda said that the deduction has existed for “100 years.” Sal Aranda is president of the Santa Clarita Valley Division of the Southland Regional Association of Realtors.

(Photo credit: Facebook)

Futuro House looks like a UFO

August 18th, 2011 Comments off

Futuro_House_Wikimedia_Commons posted Manufactured Home Marketing Sales Management HuffPost reports on a public exhibition of The Futuro House. Designed by Finnish architect Matti Suuronen’s Futuro House was created in the late 1960s. The prefab ‘kit’ style home was designed to be highly portable. First presented at an October 1968 fair in London, it met with considerable public interest. The manufacturer, Polykem, built perhaps 50-100. Production ceased in 1973, due to the oil crisis at that time, as part of the component material was petroleum based. Artists, celebrities and advertising firms have used the home off and on since. German advertising and artist Charles Wilp put a Futuro on the roof of his home. Wilp’s guests to the rooftop Futuro included Andy Warhol, Joseph Beuys, Yves Klein and Mel Ramos.

(Photo Credit: Wikimedia Commons)

(Video link/credit: HuffingtonPost)

New manufactured housing development planned near Greggton

August 18th, 2011 Comments off

Greggton,_TX_near_Longview_TX_graphic_credit_Google_MapsNews-Journal reports that Michael Dunn’s third effort at getting an okay for a development for manufactured homes has meet with approval by the Planning and Zoning Commission. The proposal now moves on to the city council, where a simple majority on September 8 could clear the way for Dunn’s project. Dunn pared down his initial request from 15 to 5 sites, and brought with him a woman who initially opposed the development. The development would be in an industrial Greggton area ner West Marshall, in this northeast Texas town near Longview.

(Graphic Credit: GoogleMaps)

“Mobile Home Park” site where Beyonce shoots music video

August 3rd, 2011 1 comment

Beyonce_photo_courtesy_of_Wikimedia_Commons_Posted_on_MHMSM.com_MHProNews.com_manufactured_housing_Daily_Business_NewsFoxNews reports that Millennium award winner Beyonce picked the Oakdale Mobile Home Park in South Brunswick NJ to film her latest music video. Residents watched the Grammy award winner shooting “Party” for her album entitled “4.”  An Airstream was part of the backdrop, as well as a park themed mural.   Resident Bill Flaherty told the local Home News Tribune that he enjoyed watching the “good looking young girls” in the video shoot.  The 64 year old Flaherty’s comment was sandwiched against that of resident Ginger Sickles, who stold the Tribune she would rather have seen Kenny Rogers.

(photo credit: Wikimedia Commons)