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Manufactured Home Communities Sold=Mega-Million$, SUN Settles Big Case, ‘Mobile Homes’ in the News

October 22nd, 2018 No comments

 

ManufacturedHomeCommunitieSoldMegaMillionsSUnCommunitiesSettlesBigCaseMObilesHomesNewsDailyBusinessNewsMHProNews

What follows are a series of screen captures of news headlines from across the country.

 

These screen captures are from this morning, 10.22.2018, at the times shown.

GooglesearchNewsHeadlines10222018ManufacturedHousingIndustryDailyBusinessNewsMHproNewsPage1Top5Hits 

There are two communities that sold for a total of $165 million dollars. That’s one of the headlines that professionals – notably those in or tied to the communities sector – are keenly interested in reading about.

 NewYorkAttorneyGeneralSettlesCaseSunCommunitiesManufacturedHousingDailyBuisnessNewsMHProNews600

 

Next, the State of New York’s Attorney General settled a case a big case with Sun Communities and others in the manufactured home community (MHC) business.  The litigation involved rent-to-own or lease-purchase options. Keep in mind prior news we’ve covered on the Daily Business News on MHProNews that related to that hot topic, starting at this link here.

 

Consumers/MH Shoppers

Now, imagine yourself as a typical American.  Picture that you are not in the manufactured home industry.  You know only what you read, see, or hear from the mainstream news media. 

This imaginary person is seeking affordable housing.  You are more likely to be thinking the words ‘mobile home’ instead of ‘manufactured home,’ right?  After all, that is what Foremost told us in their survey, linked here.

 Page1GooglesearchMobileHomes10222018-600

Page1bGooglesearchMobileHomeNews10222018-600

 

What if you are one of the claimed 25 million unique visitors that MHVillage says visits their website each year?  Please, keep scanning, and keep that mind open for what follows.

 Page2GooglesearchMobileHomesNews10222018600

 

Page2GooglesearchMobileHomesNews10222018-600

Page2bGooglesearchMobileHomesNews10222018600

 

This Google search is a common result. Page after page of what appears to be mostly bad news. 

Objectively speaking, isn’t this what millions of Americans think about ‘mobile homes’ or more properly, manufactured homes – right?  Millions wonder, what is the cost for them to get a lower price?  Millions think no further than the headlines like those, shown above. 

 

2018-06-22_0521ConversionRatiosPerMHVillageLogoManufacturedHousingIndustryDailyBusinessNewsMHProNews600

Data per MHVillage, collage by MHProNews.  This is not a slam on MHVillage, rather it is a reality check that neither they, nor anyone else in MH trade media tackles with the serious view required to solve the problem of an ongoing drum beat of negative news.  This list of news articles above is unedited, as it appeared this morning. Solutions will be explored in an upcoming report.

 

It is headline news like the above that is part of the reason why MHVillage – or for that matter, most every manufactured housing operation in the nation – has such a low percentage of closings vs visitors to their websites or business locations.

That sadly low closing ratio are common, even among the giants. 

This is under 400 words. It’s the first part of today’s manufactured housing professional wake-up call.  More to follow, as we lay out not only the challenges, but also solutions.   ## (News, analysis, and commentary.)

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Related Reports:

 

Official Federal Housing and Construction Activity Report, Video

“The Creepy Line” Video DocuDrama, Manufactured Housing – The Problem, Solution, and You

 

Official Federal Housing and Construction Activity Report, Video

October 19th, 2018 No comments

USOfficialHousingconstructionActivityReportNARSeptDailyBusinessNewsMHProNews
For the 6th month in a row, existing home sales have dropped, says the National Association of Realtors, as reported by CNBC.

 

  • U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.
  • The National Association of Realtors ™ (NAR) said on Friday that existing home sales dropped 3.4 percent to a seasonally adjusted annual rate of 5.15 million units last month.

 

Among the factors cited were rising interest rates.

The median house price increased 4.2 percent from one year ago to $258,100 in September.

So why are manufactured homes still struggling to achieve 100,000 new home shipments a year?  Even adding in the cost of a home site, in the data summarized in the linked report below, reveals what should be a roaring manufactured housing market.

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

 

For more on the question of why sales are so low, see the related reports, linked further below.  But next up, are the official HUD and U.S. Census Bureau residential construction data.

 

USCensusBureauHUDHousingUrbanDevelopmentPressReleaseMediaRelease

HUD AND CENSUS BUREAU REPORT RESIDENTIAL CONSTRUCTION ACTIVITY IN SEPTEMBER 2018

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for September 2018.

Building Permits: Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,241,000. This is 0.6 percent (±1.2 percent)* below the revised August rate of 1,249,000, and is 1.0 percent (±1.2 percent)* below the September 2017 rate of 1,254,000. Single-family authorizations in September were at a rate of 851,000; this is 2.9 percent (±1.2 percent) above the revised August figure of 827,000. Authorizations of units in buildings with five units or more were at a rate of 351,000 in September.

NewResidentialConstructionHUDCensusBureauSept2018DailyBusinessNewsMHProNews

Housing Starts: Privately owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000. This is 5.3 percent (±11.3 percent)* below the revised August estimate of 1,268,000, but is 3.7 percent (±12.1 percent)* above the September 2017 rate of 1,158,000. Single-family housing starts in September were at a rate of 871,000; this is 0.9 percent (±8.9 percent)* below the revised August figure of 879,000. The September rate for units in buildings with five units or more was 324,000.

Housing Completions: Privately owned housing completions in September were at a seasonally adjusted annual rate of 1,162,000. This is 4.1 percent (±11.3 percent)* below the revised August estimate of 1,212,000 but is 7.0 percent (±12.9 percent)* above the September 2017 rate of 1,086,000. Single-family housing completions in September were at a rate of 844,000; this is 8.7 percent (±8.4 percent) below the revised August rate of 924,000. The September rate for units in buildings with five units or more was 312,000.

NewResidentialConstructionHUDCensusBureauSAARTrendsSept2018DailyBusinessNewsMHProNews

 

The October report is scheduled for release on November 20, 2018.

 

EXPLANATORY NOTES

In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and six months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2 percent) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised 3 percent or less.

* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero.

###

There are a range of factors that ought to be pointing to far higher sales by manufactured housing firms. See the related reports, further below. That’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

 

Manufactured Housing Institute Shipment Data, FEMA, an Inside Look

New National Manufactured Housing Association Makes Its Appeal to Industry Members

HUD Announces Post Disaster Assistance for Hurricane Recovery

October 15th, 2018 No comments

TragicOpportunitiesDisguiseMHProsHUDAnnouncesDisasterRecoveryAssistanceDailyBusinessNewsMHProNews

Save for the first word, what follows below could be a mission statement for the manufactured housing industry.

 

HUD’s mission is to create strong,
sustainable, inclusive communities and
quality affordable homes for all
.”

 

Those mission statement words are a routine part of press releases from the Department of Housing and Urban Development (HUD) to the Daily Business News on MHProNews.

They ought to serve as a reminder that manufactured housing professionals also need their own mission statement.

 

Tragedy Brings Opportunities for Motivated Manufactured Housing Industry Professionals

The HUD release below is followed by additional information from MHProNews that reflects what should be obvious.

While the storm is tragic, and the deaths, injuries and harm done is lamentable, rebuilding now awaits.  The recovery opportunities could include manufactured and modular housing.  This is something that forward thinkers, prepared to navigate the loops and hoops, could profit handsomely from, while serving others in need.

ManufacturedHousingAssocRegulatoryReformJOINMHARRbani-200x200

Click here or on the graphic above to learn more, which is not connected to this report.

But you can’t skim this information.  For example, the last link from HUD is part of the key.

On our 9th anniversary of industry-leading trade publishing, it is worth noting that no one else in manufactured housing trade media shares more content from third-party sources than MHProNews.

No one else even comes close.

The Daily Business News curates third party content to ensure that it’s pertinent to manufactured housing industry professionals, researchers, and investors. Perhaps these are among the reasons that MHProNews is the runaway number one read trade media in the industry’s modern history.

Before getting to the HUD Press release, our initial report on the aftermath of Hurricane Michael is linked below.

 

Manufactured Homes, Conventional Construction, Hurricane Michael-Reports, Videos, Lessons Being Learned

 

The release from HUD is found below, the “guts” of it published in full.

HUDGovPressNewsMediaDailyBusinessNewsMHPronEws

 

HUD ANNOUNCES DISASTER ASSISTANCE FOR FLORIDA STORM VICTIMS

Foreclosure protection offered to displaced families

WASHINGTON – U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Michael.

Yesterday, President Trump issued a major disaster declaration for Bay, Franklin, Gulf, Taylor, and Wakulla counties.

The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in this county.  HUD is:

 

  • Providing immediate foreclosure relief– HUD’s automatic 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured home mortgages commenced for the Florida counties covered under yesterday’s Presidential declaration on the date of the declaration. For assistance, call your loan servicer or FHA’s Resource Center at 1-800-304-9320.

 

  • Making mortgage insurance available – HUD’s Section 203(h) program provides FHA insurance to disaster victims whose homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary and are facing the daunting task of rebuilding or buying another home. Borrowers from participating FHA-approved lenders are eligible for 100 percent financing, including closing costs;

 

  • Making insurance available for both mortgages and home rehabilitation– HUD’s Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage. It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home;

 

  • Information on housing providers and HUD programs – The Department will share information with FEMA and the State on housing providers that may have available units in the impacted counties. This includes Public Housing Agencies and Multi-Family owners. The Department will also connect FEMA and the State to subject matter experts to provide information on HUD programs and providers.

Read about these and other HUD programs designed to assist disaster victims.

 

###

 

 

Note that the video above was not part of their release, but is an example of one of several ways that the Trump Administration is retooling federal agencies to speed recovery, in a business-like fashion. A related report to a disaster recovery related litigation involving manufactured housing and a gentleman named Nathan Smith is linked in the related reports, further below.  Note that HUD Secretary Ben Carson promised a new ear of cooperation with manufactured housing.

That Nathan Smith article that follows below reveals a this program has been used previously to create a new subdivision using manufactured housing.  Is there any reason why HUD under Carson’s leadership won’t do the same today?

On the eve of the start of our 10th year serving the factory-built housing industry, we thank our readers, clients and sponsors for their time, treasure, talent and support. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Related Reports:

City Sued Nathan Smith, 16th Street, for Breach of Contract

“A New Era of Cooperation and Coordination,” is Promised by HUD Secretary Carson, Saying “I Hear You”

Manufactured Homes, Conventional Construction, Hurricane Michael-Reports, Videos, Lessons Being Learned

October 12th, 2018 No comments

ManufacturedHomesConventonalConstructionHurricaneMicahaelReportsVideosLeassonsBeingLearnedDailyBuisnessNewsMHProNEws

One network commentator said that Hurricane Michael coming on shore was like the force of an E4 Tornado that lasted for 30 minutes, instead of 30 seconds. It’s not a perfect analogy, but paints several images that many don’t realize. Among them, that tornadoes typically only stay on the ground for a few minutes or less, while a major hurricane rumbles slowly over the terrain, with the ability to create storm surge, flooding, as well as wind damage.  That’s why the hurricane losses are rapidly into the billions, instead of millions, of dollars.

 

MH Industry Reports, Video Insights

Just west of the bulls-eye in the Florida Panhandle – near Mobile, Alabama – a manufactured home community operator told MHProNews that there was no damage at all to his property.  He thanked us for checking in.

ManufacturedHomeSurvivesHurricaneMichaelNotMobileHomePhotoStillFromVideoDailyBusinessNEwsMHPronews

A manufactured home retailer in Panama City, Florida told the Daily Business News on MHProNews yesterday afternoon that they had not yet been able to access their location, but expected serious problems. Most in the directly impacted areas are still without power. By contrast, the same company has a location north-north west of the Villages that suffered no reported problems.

Several factories we heard from said that they had not heard from FEMA, but one HUD Code builder said that they had been contacted by a FEMA supplier.  They informed MHProNews that they declined to participate in supplying homes.

HurricaneMichaelStilWashingtonPostVideoPostedBelowDailyBuisnessNewsMHproNews

Still from the WaPo video posted further below. It is not entirely clear if this is conventional housing, commercial, or something else.

Sources are telling MHProNews that there seems to be a shift at FEMA towards using more RVs, and using fewer Manufactured Housing Units (MHUs).  But there are still thousands of such units in FEMAs inventor. There is an expectation that they will be put to work in the Carolinas and Florida too.

We checked video footage from various media outlets.

 

One of the hardest-hit spots in Florida is Mexico Beach, where Michael crashed ashore Wednesday as a Category 4 monster with 155 mph winds on Oct. 11. It shows damage to conventional housing and commercial buildings too.

 

 

Some videos appeared to show what looked like manufactured home communities in the distance, but the views were too brief to be useful. This one below isn’t an inspiring video, but it shows what apparently was an older pre-HUD Code mobile home (MH), or perhaps an early HUD Code manufactured home. The MH was twisted, but the problem was a tree falling on it.

 

 

A still in the cheesy video above shows extensive damage along a stretch of beachfront property, where block-after-block of conventional housing was leveled.  They source for that video cites the family in that ‘mobile home’ with the tree toppled on it telling CNN that they planned to continue in their ‘mobile home,’ even after the storm damage.

We found video of an RV park with overturned recreational vehicles, but no manufactured homes visible in it.

This next video by the Washington Post shows block after block of conventional housing and commercial construction that is damaged. Boats washed up, piers, and other forms of destruction are evident. There is a glimpse of a manufactured home in this video below, which seems to be in good shape.

 

Time is reporting that, “An insurance company that produces models for catastrophes is estimating Hurricane Michael caused about $8 billion in insured losses.”

We welcome photos, videos and other tips from industry readers who have some first-hand experience or shots.

As more information is developed, we plan to do a follow up report for MHLivingNews. Watch for it.

 

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Financing and Other News Tips Previews – MH Insiders Sneak Peak

MHProNews has had numerous tips, messages, calls and comments this past week. Among them are some items that could prove to be a bombshell for people focused on the finance topic.

That finance report will roil some, and embarrass others.

But they are insider facts that industry professionals, home buyers, and home owners deserve and need to be well-informed about.

Our report on a key event during the Clinton administration had to be bumped until next week, due to Hurricane Michael and other developments.  Part of our already published tee-up for that insider report is further below, under the related reports subheading.

That’s this evening’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. ## (News, analysis, and commentary.)

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Affordable Housing, Manufactured Homes, Bipartisanship, Bill, Newt, Sexual Scandals, and You

Weather Expert’s Surprising, Bombshell Statement on Tornado Deaths and Affordable Manufactured Homes

 

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

Manufactured Homes – HUD Called to Affirmatively Furthering Fair Housing (AFFH) Remove Zoning, Placement and Consumer Financing Barriers to Manufactured Housing

October 11th, 2018 No comments

 ManufacturedHomeHUDCalledtoAffirmativelyFurtherFairHousingRemoveZoningPlacementFinanciangBarriersManufacturedHousingMHProNews

The date for public comments requested by the Department of Housing and Urban Development (HUD) regarding amending regulations for Affirmatively Furthering Fair Housing (AFFH) is rapidly approaching.

 

 

Court Ruling for HUD on Amending Affirmatively Furthering Fair Housing (AFFH) Opens Door for More HomeSites for Manufactured Housing

 

HUD provided the notice and due date, provided to industry readers by the Daily Business News on MHProNews, at the report linked below.

 

HUD Publishes Notice of Proposed Rulemaking on Affirmative Furthering Fair Housing Rule

 

Against that backdrop, the Manufactured Housing Association for Regulatory Reform (MHARR) published on their website, and released to MHProNews.  Their statement, along with a copy of their official comments letter, is shown below.

MHProNews plans to file comments next week, and suggests that industry readers consider incorporating points from MHARR into their comments letter.

Regulations.gov says that letters are more effective when they are phrased in your own words, rather than “Astroturfed” wholesale copies of someone else’s work.

AstroturfingWikipediaDailyBusinessNewsMHProNEws

Comments can be submitted electronically at this link below.

https://www.federalregister.gov/documents/2018/08/16/2018-17671/affirmatively-furthering-fair-housing-streamlining-and-enhancements#open-comment

What follows is the MHARR release.

  MHARRNEWSheaderDailyBusinessNewsMHProNews

 

 

MHARR CALLS ON HUD TO REMOVE ZONING, PLACEMENT

AND CONSUMER FINANCING BARRIERS TO MANUFACTURED HOMES

 

Washington, D.C., October 11, 2018 – The Manufactured Housing Association for Regulatory Reform (MHARR), in written comments filed with the U.S. Department of Housing and Urban Development (HUD) on October 11, 2018 (see, copy attached) has called on HUD to promote zoning and placement parity for federally-regulated manufactured homes as part of the Department’s plan to amend its regulations for Affirmatively Furthering Fair Housing (AFFH).

Noting that Secretary Carson and HUD itself have recently cited restrictive local zoning measures – including zoning mandates that discriminatorily exclude or restrict the placement of HUD-regulated manufactured homes – as a significant root cause underlying the lack of affordable housing in many areas of the United States, MHARR’s comments seek amendments to the AFFH regulations that would: (1) identify the discriminatory exclusion of HUD Code manufactured homes and/or manufactured home communities (or the discriminatory limitation of manufactured home placements in compatible residential areas) as an obstacle to fair housing that program participants must address as part of their AFFH compliance efforts; and (2) “encourage actions that increase housing choice,” by promoting changes to local zoning and land-use ordinances that would permit the siting of HUD Code manufactured homes in all compatible residential areas, as well as the development of new and/or expanded HUD Code manufactured housing communities in such compatible residential areas.

To ensure compliance with these amendments, MHARR urges HUD to expressly and specifically condition the receipt of grant (or other) funds on the elimination of discriminatory restrictions on the placement of HUD Code manufactured homes or — absent voluntary compliance by local jurisdictions — to federally preempt such discriminatory measures pursuant to the enhanced statutory preemption authority provided by Congress in the Manufactured Housing Improvement Act of 2000.

Strong and effective action by HUD is absolutely essential to ensure that all Americans have access to the inherently affordable, non-subsidized homeownership offered by today’s federally-regulated manufactured homes.  Although these homes are the best that the industry has ever produced, and represent an outstanding value that is intrinsically affordable for all Americans, including lower and moderate-income families, access to manufactured housing is being needlessly – and unlawfully – restricted by discriminatory zoning and placement restrictions that the industry’s post-production sector has been unable to effectively counter. Given Congress’ specific grant of authority to HUD to override such discriminatory zoning measures, HUD’s amendments to AFFH should ensure full access to manufactured housing by every American everywhere in the United States.

In addition to removing such discriminatory local barriers to affordable, non-subsidized manufactured housing, MHARR has also called on HUD – in meetings with Secretary Carson and Assistant Secretary Brian Montgomery – to take concrete steps to place manufactured home consumer financing, and most especially federal support for the 80% of the manufactured housing consumer financing market represented by personal property or “chattel” loans on par with other types of consumer home lending.  MHARR has thus urged HUD to support and encourage market-significant securitization and secondary market support by Fannie Mae and Freddie Mac for manufactured homes under the “Duty to Serve” provision of the Housing and Economic Recovery Act of 2008 (HERA) and has also urged HUD leadership to revive and expand manufactured home chattel loan support under the existing Federal Housing Administration (FHA) Title I manufactured housing program.

In Washington, D.C., MHARR President and CEO, Mark Weiss, stated: “Once again, the leadership of President Trump and Secretary Carson is offering significant new opportunities for both consumers and producers of HUD Code manufactured housing.  As the federal government agency responsible for housing-related matters for the nation, HUD should use all of the tools that are available to it – through grant funding mechanisms and through mandatory federal preemption, if necessary – to ensure zoning, placement and consumer financing parity for inherently affordable manufactured homes and the mostly lower and moderate-income American families who rely on those homes to achieve the American Dream of homeownership. Baseless NIMBY-ism is no excuse for denying the benefits of homeownership to every American in every community.”

The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.

— 30 –

You can also see the above on the MHARR website, at the link below.

MHARR Calls on HUD To Remove Zoning, Placement and Consumer Financing Barriers to Manufactured Homes

Comments are due 10/15/2018 at 11:59 PM EDT.

FR6123–A–01RIN 2529AA97Affirmatively Furthering Fair HousingStreamlining and Enhancements.  

https://www.federalregister.gov/documents/2018/08/16/2018-17671/affirmatively-furthering-fair-housing-streamlining-and-enhancements#open-comment.

The MHARR letter to HUD is linked here as a download. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Imogene Poots, Vladimir De Fontenay’s Video Look – “The American Dream,” “Mobile Homes”

October 9th, 2018 No comments
ImogenPootsPhotoStillMobileHomeVideoMovieStillTrailerActuallyManufacturedHomesReviewsDailyBusinessNewsMHProNews600

Stills from movie entitled, “Mobile Homes,” but the homes shown are actually modern manufactured homes.  Some clips from the movie are found posted further below.

From writer & director Vladimir de Fontenay, the film will finally be released in US theaters this November. The story follows a young mother named Ali, played by Imogen Poots said First Showing, “The makeshift family scrapes by, one hustle at a time, until the discovery of a mobile home1 community offers a better life.”

 

Everybody deserves a second, third of fourth chance, even if in practice it often doesn’t work out that way for the very people that need it most,” stated Caution Spoilers

MovieIndieYouTubeRatingsDailyBusinessNewsMHProNews

Ratings of the YouTube video of the movie clips. The video clips of “Mobile Homes” is found near the end of this post, below.

ImogenPootsMobileHomes2017DramaDailyBusinessNewsMHProNewsWikipedia

The flick is based upon a short film released in 2013, and was featured last year at the Cannes Film Festival.  The reviews have been mixed. While the Daily Business News on MHProNews isn’t endorsing a film we’ve not yet viewed – despite the title and terminology error – it might have a subtle theme that could make it useful.  At least, it could be better than some other movies that have had mobile or manufactured homes as a background theme in recent years.

“Sneaking into a mobile home to escape…Ali and Bone snuggle up together on the floor for the night; waking up next morning their uncomplicated delight at finding they’re on the road, as the home is transported to a park1 miles away, is a breath of fresh air for them and us,” said Sarah for Caution Spoilers.

The trailer park1 they end up at is run by the kind but flawed Robert (Callum Keith Rennie, avoiding the twinkly-eyed rough diamond cliche). It’s a chance for Ali and Bone to be their real selves as she’s put to work painting and decorating, and he can play with other children,” continued the review by Sarah.

Rephrased, it’s a story of a surprising fresh start.

What is a home? What is a family?” – Asked in Movie, “Mobile Homes

It’s part of the mythology of America that everyone can move on, starting afresh somewhere new, the slate wiped clean…” said Sarah. “It’s not saying much that’s new about women like Ali, or her situation. But at its heart Mobile Homes is an ode to a dream that is never entirely out of reach.”

Culture influences people. So it will be worth checking this out to see how it may, or may not, be useful to manufactured home marketers and sellers.

If, if the message “…Mobile Homes is an ode to a dream that is never entirely out of reach…” this might be a net plus for industry professionals.

FactoryHousingEvolution101TrailerHouseMobileHomeManufacturedHome-768x601

It will be in theaters soon, so time will tell. Links to other videos with mobile or manufactured homes in the story-line are found further below, under related reports.   “We Provide, You Decide.” © ## (News, analysis, and commentary.)

  1. Footnote: The home shown is a manufactured home, not a mobile home. Also, the community is not a ‘trailer park,’ it is more properly a land lease community for manufactured homes.

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Related Reports:

Ready Player One, “Mobile Home Stacks,” and the Manufactured Home Industry Reality Check

Eminem, “8 Mile,” “Mobile Homes,” Frank Rolfe – Understanding Media and Public Perceptions of Manufactured Housing

What Are Millennials Thinking? Affordable Housing, Manufactured Homes, Other Time-Sensitive Trends

October 5th, 2018 Comments off

 

Studious, acute Daily Business News on MHProNews readers may recall our report from earlier this year that references the factoid that millennials are now the largest age-group of home buyers.

 

As with many of our topics, related articles are cross-linked.

Those linked articles can be read later for greater understanding on a specific point.

It should also be noted that skim-readers often miss some detail(s) that can change the entire meaning of an article.

Simple advice?

Read with care, and you’ll be surprised at what you walk away with from every MHProNews post.  If the industry’s best known billionaire thinks careful reading is good, that’s a useful insight, isn’t it?

 

NAR, Gen Y and MH Takeaways

The National Association of Realtors ® (NAR) produced the core study last spring that included data about Gen Y with respect to housing.

 

NationalAssociationRealtorsLogoNARLogoMillennialsGenYManufacturedHousingIndustryMHProNews

NAR, in our experience, has demonstrated that their research aims at accuracy, not weaponization.

For example, when our publisher contacted NAR about factual errors in their 2018 research about manufactured homes, their researcher double-checked the concerns, and then made each correction promptly.  Scholastica ‘Gay’ Cororaton, Certified Business Economist (CBE) then took the added step of giving public credit for those corrections in her very first footnote.

ScholasticaGayCororatonCBENARRevisionsRealtorUniversityDailyBusinessNewsMHProNews598x493

Accuracy matters, and giving credit to sources matters to third parties.

Realtor University ® “The Market for Manufactured Homes,” Research by Scholastica Cororaton, Certified Business Economist, Highlights

Sadly, by contrast, when the Manufactured Housing Institute (MHI) has been contacted by our publisher about factual errors on numerous reports and documents.  That has occurred for a period of over 2 years.  Time and again, weeks or months later – corrections were not made by MHI.  The reader can ponder the ‘why’ behind that phenomenon, but millennials are the focus of this specific report, not MHI.

So, when NAR says that millennials are the largest group of home-buyers, there have been no known reports that debunk their claim.

Then, let’s look at the following facts and infographics, that provide snapshots of millennials at that moment in time.

MillennialsGenYGenerationYStartDate1982WikipediaDailyBusinessNewsMHProNews

 

Millennial Infographics

WhoAreTheMillenialsInfographicCEB2013DailyBusinessNEwsMHproNews

This next one is about millennials, videos, social media, and related.

MillennialsGenYGenerationVideoInfogreaphic2015DailyBusinessNewsMHProNews

Note that MHLivingNews has been telling stories of manufactured home owners, and manufactured home professionals, for years. Click here to see the latest on MHLivingNews.com.

 

Millennials, MHAction, and Manufactured Housing Professionals

If you scratch deeply enough, people of good will can routinely find common-ground with others. Considering other perspectives is useful.

MHProNews noted in a report earlier today that all good bi-partisanship benefits businesses of all sizes, not just the giants.

Affordable Housing, Manufactured Homes, Bipartisanship, Bill, Newt, Sexual Scandals, and You

 

Bi-partisanship furthermore should be good for consumers, and taxpayers too.

LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquote

MHAction and Millennials

Against that backdrop, MHAction is a multi-generational group, but with relatively youthful leadership at the national level.

If you watch the following MHAction video, you’ll note that Elizabeth Warren (MA-D) is front-and-center as part of their presentation. The golden-ager at the start of their video posted further below – Margie Mathers – tells a heart-strings story, that may well be true, as far as it goes.

StillFromMHActionVideoMHActionLogoSenatorElizabethWarrenDailyBusinessNewsMHProNews

 

But what’s arguably missing from Mathers’ statements in the MHAction video are similar to what was missing from NMHOA’s President, Tim Sheahan’s comments to regulators. It’s the cause of the issues they are concerned about, rather than just the symptoms.

When:

  • capital or government barriers of entry into business,
  • or barriers to remain in business, are too high for small businesses,
  • then you end up with precisely what Ms. Mathers and Mr. Sheahan have each described.
  • I.e.: larger corporations that control businesses, instead of many smaller ones.  Oddly, their own comments indicate smaller firms tend to be responsive to their residents and customers. 

An MHAction video, which includes commentary and analysis on the left side of the screen, is shown below.  It includes Gen Y protestors, but is multi-generational.

 

Self-described progressive groups like MHAction or NMHOA should be open to the views of fellow progressives, and of course, other groups too.

  • It was the left-leaning Seattle Times that reasoned earlier this year that when a large company can ‘get away with’ poor behavior toward their customers, that is an indicator of monopoly.
  • The Manufactured Housing Association for Regulatory Reform (MHARR) has argued that more options for siting manufactured homes would be good for residents, as well as for independent businesses.  Zoning and placement are a post-production issue, so that’s one that MHARR may comment on, but they are a producers’ organization.  So they stay laser focused on issues that directly impact the regulation of HUD Code manufactured homes.
  • What Ms. Mathers said on camera in the MHAction video above was largely fine, while her community was owned by a ‘mom and pop’ operation. By her own statement, it was after her community was acquired by a big company that she said her problems occurred. Mr. Sheahan made a similar statement, in quotes and a document found as a download in the report linked below.

Tim Sheahan, NMHOA President, Controversial Points of Agreement with Marty Lavin, George Allen on Communities

The MHAction video posted above is edited by them to make it into an arguably classic manipulation video.  It uses emotion to advance an agenda.  That agenda is debatably bad for those residents, and for private enterprise too.  So a careful look at all the elements at play undermine what MHAction, and their political allies, want to accomplish with their video, as posted further above.  It is useful to see their methods at work, in their own words.

MHActionProtestorsLogoACORNMoveOnNewYorkCommunitiesforChnngeMHActionLogoDailyBusinessNewsMHproNews

When their fellow traveler, President Barack Obama (D), or Senator Elizabeth Warren (MA-D), promoted heavy regulations as ‘solutions,’ what they and others of like mind created was a trend toward less affordable housing, and more big businesses. That is among the reasons why NMHOA or MHAction members ought to seek to reform or create a new option for manufactured home owners.

Sources have informed MHProNews that billionaire George Soros’ money is involved in the background of MHAction, and other similar progressive or left-wing groups.  The members of NMHOA or MHAction may be well meaning. They need to be heard, properly engaged, and then reasoned with, not dismissed out of hand.

Improving Resale Values: Manufactured Home Owners, Professionals, Shoppers – NMHOA & MHAction, What’s Right, Wrong, Supply & Demand – How to Achieve Mutual Victories

But the leadership of MHAction and NMHOA certainly ought to be well informed as to where their money is coming from.  Those leaders should know how their action fits into a pattern of activity that demonstrably harms the very manufactured home owners and others they claim to be helping.

“Results vs. Resistance,” Cutting Fog with Facts for MHVille

 

Blackstone Group, Manufactured Home Communities, and MHAction

Blackstone is featured prominently at the end of the MHAction video.  Last July, Blackstone reportedly acquired numerous manufactured home communities, and already had other real estate investments in conventional housing.

Blackstone Brilliantly Bets Big On Manufactured Housing, Enters Manufactured Home Communities Contest

As one of the comments on the still reflects, MHAction is affiliated with other progressive or leftist groups.  They don’t always make that clear in their videos.  Perhaps that is an effort by MHAction to make their numbers seem larger than they actually are.  But that also reveals another challenge and reality.  They are tied to larger organizations – such as George Soros backed Move On, and New York Communities for Change (NYCC) – which emerged from the ashes of scandal plagued ACORN.

Barack Obama, before becoming a U.S. Senator and then the 44th president, was an attorney that had represented ACORN. As PolitiFact said, “When Obama met with ACORN leaders in November 2007, he reminded them of his affinity for ACORN and his time as a Project Vote organizer.”

Earlier today, President Donald J. Trump tweeted about George Soros.  See progressive Vox’s comment about that tweet, and the tweet itself, below.

VoxDonaldJTrumpDailyBusinessNewsMHProNews

Our afternoon report focused on bipartisanship, and the times when it is or isn’t appropriate.  It is all part of the puzzle that once understood, reveals how smaller businesses, would be and current manufactured home owners are often harmed by poor public policy, or groups that have an agenda that is not in alignment with the interests of manufactured home owners and independent businesses.

 

Millennials and Public Policy

Industry pros are reminded again than public polling can be tilted by push-polls, over-or-under sampling of a group or party, and other techniques that can twist the meaning of the survey.

BuzzfeedMaruBlueSurveyMillennialsManufacturedHousingIndustryDailyBusinessNewsMHProNews

Polling is arguably used by various media to motivate – or demotivate – various groups of potential voters, donors, and activists.

2016PresidentialVoteWhoDidYouVoteForHillaryClintonDonaldTrumpGaryJohnsonJillSteinOtherMillennialBuzzfeedMaruBluePollSurveyDailyBusinessNewsMHproNews

With those caveats, let’s dive into what the most recent polling says about millennials and their political views, which obviously can impact the legal and thus the business environment in America.

In order to better understand the political landscape in advance of the midterm election, and from the point of view of American millennials, BuzzFeed News and Maru/Blue teamed up to conduct an online survey of 1,006 randomly selected 22-37- year-olds,” said the opening from their detailed polling.

PresidentDonaldTrumpProConApproveDisapproveMillennialsBuzzfeedMaruBluePollDailyBusinessNewsMHproNews

The BuzzFeed – Maru/Blue survey made similar points to others that have been reported by the Daily Business News on MHProNews. Note that BuzzFeed teamed up with the Seattle Times on one of their Clayton Homes exposés.

If accurate, their survey suggests that the tilt toward socialism could be more profound than other polls so far have reflected.

SocialismDefinedTrendingAmongGenYAntiFreeEnterpriseDailyBusinessNEwsMHproNews

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

 

Owner/Investor Cautionary Tale?

It isn’t only millennials that may lack critical-thinking skills.

FunctionofEducationTeachThinkIntensivelyThinkCriticallyIntelligencePlusCharacteTrueGoalofEducationDrMartinLutherKingJrDailyBuisnessNewsMHProNews

But the data suggests that more Gen Y in the U.S. are more likely to be ‘buy into’ socialist promises.

You can’t force someone to vote or think this or that way, but you can share information with them.  That is the better long-term approach anyway. The maxim, “Those who are convinced against their will, are of the same opinion still” applies. So does this axiom, “Give a man to fish, and you feed him for a day.  Teach a man to fish, and you feed him for a lifetime.”

The midterms are just a month out. Early voting is underway. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: You can join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here.

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports:

Enemies of Manufactured Homes, Communities; Rent Control, MHAction, George Soros, Ignorance, & Entropy

Affordable Housing, Manufactured Homes, Bipartisanship, Bill, Newt, Sexual Scandals, and You

October 5th, 2018 Comments off

 

AffordableHousingManufacturedHomesBipartisanshipSexualScandalsYouDailyBusinessNewsManufacturedHousingIndustryProNews

It would be a grave mistake to think that bipartisanship is dead.

 

Earlier this year, Maxine Waters (CA-D)  and Jeb Hensarling (TX-R) worked with each other to pass a bill out of the Financial Services Committee that latter passed the House of Representatives by a wide margin.

Who Says Bipartisanship is Dead? House Passes Massive “JOBS & Investor Confidence Act” S 488 by 406 to 4 Vote

 

S. 2155 was passed mostly by Republicans, but with some Democrats joining the effort. While missing or hyping some details, the Manufactured Housing Institute (MHI) is correct in pointing out that there are benefits to our industry in S. 2155.

There are other possible examples of bipartisanship, but those two suffice to make the point.

That said, bipartisan efforts arguably aren’t as common today as they were two decades ago.  The photo at top features Democratic President Bill Clinton with GOP House Speaker Newt Gingrich (R).

If you are under 35 – unless you were an unusually politically-focused teen or youth – you may only know from a historic reference by media of the following, compelling facts.

Bipartisan efforts in the President Bill Clinton (D) Administration worked with a Republican dominated Congress in 1996 and 1998 to pass legislation that:

  • reformed welfare,
  • balanced the budget,
  • passed a key piece of modern manufactured housing legislation,
  • and much more.
PresidentBillClintonHouseSpeakerNewtGingrichDailyBusinessNewsMHProNews

As an upcoming special report will feature, Democratic President Bill Clinton, Republican (GOP) House Speaker Newt Gingrich, and others who were part of a cast that passed historic pro-growth, debt/deficit cutting, and pro-manufactured housing legislation. Make sure you are signed up for our emailed news updates so you don’t miss an upcoming special report.

 

That manufactured housing (MH) legislation is still on the books, but is only partially implemented.  That means it has not been fully applied to the benefit of the manufactured housing industry and consumers alike.

Yet that little-known law could unlock tens to hundreds of billions in business the next decade, if it is properly utilized. Tech gurus involved in factory-built housing say the new housing market is some $330 billion a year. That gives a reader a keen sense of what manufactured home potential is. More of those details about pro-manufactured housing laws another time, but they’re covered in part in the report linked here, which can be read later for greater fact-based insights.  ICYMI, the post below is another example of bi-partisan efforts.

Jeb Hensarling & Maxine Waters Unveil Bipartisan Capital Markets Reform Legislation

 

The First Takeaways

The first takeaway is that bipartisanship can still happen.  But it arguably isn’t as common as it once was.  The other takeaway is that manufactured housing is poised for tremendous potential profits, but those won’t occur until pragmatic and ethical action occurs.

 

MH Objectivity

As political independents who are pro-business, pro-consumers, and pro-workers, this industry-leading trade publication looks at facts, evidence, follows the money.  We then seek and present reality, always in search of what is necessary, true, and good. We do so with significant input from informed MH professionals, and the strategic support of a few-long-term thinkers and doers.

Bipartisanship can be good, but only when the legislation or policy is good.

But bipartisanship when a policy is flawed is wrong, period. Majorities don’t create morality. God establishes eternal moral standards. When laws or legislation are good, they comport with the moral norms given by the Creator of all humanity.

Principle of ‘The Lesser of Two Evils,’ and MHVille’s Future

 

Sexual, Sensationalized, Dirty Politics and Manufactured Housing

In the late 1990s, House Speaker Newt Gingrich worked with President Bill Clinton even as the two major parties sought to outmaneuver each other. President Bill Clinton was fairly accused of numerous sexual scandals.

BillClintonMonicaLewinskyManufacturedHousingINdustryDailyBusinessNewsMHProNews

 

Clinton had sexual encounters that became widely known.  The photo below spotlight just 4 of them.

FlowersLewinskyJonesWilleySexualAccusersPOTUSBillClintonDailyBusinessNewsMHProNews

The truth sets people free.

Speaker Gingrich himself had an affair while in office during the 1990s, with then Callista Bisek. That affair later resulted in a divorce, and an eventual marriage by Newt of the woman who is now his wife. Callista Gingrich today is the U.S. Ambassador to the Vatican.

NewtCallistaGingrichNixonFoundationDailyBusinessNewsManufacturedHousingIndsutrfyProNews

Reality is what is. It makes no sense to live life based upon half-truth, spin, deception, or lies.

While bipartisanship was evident in the 1990s, so was manufactured political gamesmanship.

Eighty-four ethics charges were filed by Democrats against Gingrich during his term as Speaker. All were eventually dropped except for one: claiming tax-exempt status for a college course run for political purposes,” says Wikipedia. “…In 1999, the IRS cleared the organizations connected with the “Renewing American Civilization” courses under investigation for possible tax violations.”

Rephrased, Gingrich was publicly smeared with dozens of charges, but in the end, nothing stuck.  Sound familiar?

Nevertheless, “In 1998, Republicans lost five seats in the House,” says Wikipedia… “His [Gingrich’s] private polls had given his fellow Republican Congress the impression that pushing theLewinsky scandal would damage Clinton’s popularity and result in the party winning a net total of six to thirty seats in the US House of Representatives in this [1998] election. The day after the election, a Republican caucus ready to rebel against him prompted his resignation of the speakership. He also announced his intended and eventual full departure from the House in January 1999. When relinquishing the speakership, Gingrich said he was “not willing to preside over people who are cannibals,” and claimed that leaving the House would keep him from overshadowing his successor.”

People can change. But human nature remains the same. We are all people who have our own unique weaknesses.

LegacyHousingFALL-HomeShowOct15toOct172018

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It is difficult at best to succeed long-term in business in America today without having at least a basic sense of politics. Much of what happens is for the camera, sound bites, and public impact. Various scandals manufactured for media are used with the idea of manipulating and thereby influencing voters.

Having worked with mainstream media on several occasions spanning over 20 years, this writer can tell you first-hand that stories are routinely ‘framed’ by television and print media to fit a narrative.  That spin may or may not fit all of the facts.

Rephrased, sometimes key information is left out or over-emphasized, which can make a story appear to be plausible or true. In fact, some news is just agenda-driven, manipulative propaganda.

President Clinton remained in office, even though it is widely believed he was guilty of several examples of sexual misconduct.  Those Clinton misdeeds pale in comparison to what Judge Kavanaugh is accused of doing. After 7 FBI investigations, there is no evidence, no corroboration against Judge Kavanaugh. Yet, the slander against Judge Kavanaugh persists.

By comparison, the mainstream media largely gave President Bill Clinton a pass, and there was considerable evidence that spanned years against him.  Then First Lady Hillary Clinton orchestrated the defense of her husband Bill.  She did so by publicly crushing President Clinton’s accusers. For more of an inside, fact-based look at the inner-workings of the mainstream media, see the related reports, further below.

Hillary did her part to deflect the allegations against her husband Bill.  She did so in conjunction with Clinton political operative James Carville.  It was Carville who came up with the troubling line – quoted below – that still haunts manufactured housing to this day.

“Drag a hundred-dollar bill through a trailer park, you never know what you’ll find,” James Carville, Clinton Strategist

People on both sides of the aisle – and those who are a-political – still use Carville’s comment, yet it is deeply offensive to millions.

“’Trailer Trash’? Watch Who You’re Insulting When You Throw Around Those Words” – Buffalo News

It is an example of how politics can make strange bedfellows.

All that said, Speaker Gingrich and President Bill Clinton worked with each other to pass much of Gingrich’s “Contract with America.” The tech revolution was underway in the 1990s. Billionaires today like Bill Gates, Mark Zuckerberg, Jeff Bezos, and others were young in their careers in that timeframe. It took time for those tech gurus to evolve to the point that they became fabulously wealthy. They too played, and used, the political and media game.

An important lesson learned from billionaire Warren Buffett is precisely the need to understand history, to be well read, and to think long term.  It is no secret we disagree with much of Mr. Buffett’s machinations. But that doesn’t mean that we should ignore the lessons he has taught, for good-or-ill, to the manufactured home industry.

Buffett’s deeply political.

warren buffett pres obama motley fool 12-13

Warren Buffett, President Obama, credits Wikipedia.

 

MHARR, MHI, and State Associations, Working Together

We will look in greater depth in the days ahead to see how:

  • the Manufactured Housing Association for Regulatory Reform (MHARR, previously known as the Association for Regulatory Reform – ARR),
  • the Manufactured Housing Institute (MHI),
  • and Will Earle of the Texas Manufactured Housing Association (TMHA)

all came together with numbers of other industry pros to work with Speaker Gingrich, Congress, and President Bill Clinton to pass a historic piece of legislation for our then thriving HUD Code manufactured housing industry.

FormerPresidentBillClintonPivotalMomentManufacturedHousingIndustrySundayMorningRecapDailyBusinessNewsMHProNews

Danny Ghorbani, left – then president of what today is MHARR. Bill Clinton, right. There were numerous industry and political professionals that were involved in the process of making pro-manufactured housing industry legislation come to fruition. Then and now, it will only happen when pragmatic reality guides enough peoples’ thinking and actions.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

What was accomplished previously in sustainable shipment levels, can clearly be done again.

 

Clarity on reality – then, now, and in the future – is vital for our industry’s revival.

The intriguing back-story to how MHARR, MHI, and what became MHEC give an illuminating “lessons learned” that could make it easier for our industry if understood and applied.

Partisans on both sides of the aisle – including partisans in our industry’s trade associations – must see reality clearly to understand how tens of billions of dollars in annual sales could be achieved in the near term in manufactured housing.

That kind of growth only occurs when local businesses in their local markets do their best, achieving results several times greater than they now are accomplishing.

But that achievement won’t happen absent reality-checks, pragmatism, and the correct next steps.

LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquote

Fair Warning

The video posted below opens with salty “R” rated language.  We’ll present both the teaser (the ‘trailer’) and the full length video.

 

The video shows rough-but-real, raw news footage. The video takes viewers on a compelling snapshot of how our future is being shaped. It also suggest how our collective future could become so much brighter.

 

There’s a highly documented affordable housing crisis. Lawrence Yun, Ph.D. and chief economist for the National Association of Realtors ® says that some 8.3 million housing units are needed.  That’s a sense of the potential manufactured home and other factory builders could be tapping into.

Manufactured homes are arguably best poised to address those needs, because of the two great federal laws, that if fully implemented could open the floodgates for manufactured housing and millions of Americans. To achieve our industry’s amazing potential, more should realize that President Trump, with a GOP House and Senate, could give our industry the brightest period it has ever achieved.

Please skip something else this evening, and make the time to watch the video above. Then kindly share this post and these videos with others. FYI, the video below is quick and industry-focused.

 

President Donald Trump, HUD Secretary Dr. Ben Carson, Private-Public Partnerships to Solve Affordable Housing Crisis

Once informed, vote wisely in the midterms. Give the 45th President of the United States (POTUS) the support he needs in Congress to make America and our manufactured home industry great again.  He’s promised to enforce the law.  Let’s give him the Congress he needs, and then do as the NFIB and others have, ask him to fully enforce our industry’s two great laws.

ManufacturedHmeIndustryAchieveGreatPotentialAddressingResolvingCauseCorePerceptionIssuesLATonyKovachQuotePresentationPhoto

That’s “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” ©  ## (News, analysis, flashback, and commentary.)

(See Related Reports, further below. Third-party images and content are provided under fair use guidelines.)

LATonyKovachMHanufacturedHomeLivingNewsManufacturedHousingProNewsConsultantIndustryExpertBy L.A. “Tony” Kovach – for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
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Related References:

Danny Glover, Presidents Barack Obama & Donald Trump, Promises Kept, and Affordable Manufactured Housing

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

“Shadows of Liberty” Movie Introduction, Affordable Housing, and You

City Sued Nathan Smith, 16th Street, for Breach of Contract

October 5th, 2018 Comments off

 

CitySuedNathanSmith1thStreetBreachContractMinotNDDailyBusinessNewsMHProNews

The City of Minot ND is suing 16th Street, Inc. for breach of contract in connection with development of an affordable housing project, that includes townhouses and manufactured homes.

 

Nathan Smith is identified by KFYRTV as the developer behind 16th Street.

I am not worried about that because I am doing the right thing,” said Smith last December, per the Minot Daily News (MDN).

The project involves the use of a post-disaster, HUD Community Development block grant, issued during the Obama Administration era.

The city voted unanimously following an executive session Monday night to move forward with litigation against 16th Crossing, Inc., for breach of contract.

The city contends that the developer has failed to follow through with deadlines on the project, and claim the stalled project could jeopardize funding from the federal government.

Smith, the developer behind 16th Crossing, said in December that the city is responsible for the delays, and he has not seen any of the $5 million in federal funding the city has allocated for the project, nor the $1 million of city dollars.

 

LegalBattleContinues16thStreetMinotNDTownhousesDailyBusinessNEwsMHProNEws600

 

The city argues that Smith has failed to finish the development. That in turn has jeopardized the federal funding for the city.

Smith responded by claiming that the city caused delays with infrastructure work.

We had multiple avenues to build all of this product quickly and a market there to absorb it by the time we could things have changed I think when Tom Barry says construction of the project didn’t interfere with our building can anybody take that seriously,” said Smith.

NathanSmith16thstreetMinotNDDeveloperDailyBusinessNewsMHPronews

The Smith in Minot has a full head of hair, so is not to be confused with Nathan Smith of SSK Communities in Fort Mitchell, KY, who ironically faces his own controversies.

Nathan Smith, From Mobile Home Resident to SSK Communities Owner and President Barack Obama Connection

 

Court Filings

MND says that court filings by 1th Street claims that The Agreement is void or subject to rescission due to the City’s fraud and deceit and its failure to follow HUD requirements and Federal Regulations. City’s claims are barred, in whole or in part, as the City took affirmative steps to defeat the purpose of the Agreement, and to stall and delay the Development.”

16th Crossing has been substantially damaged by the actions and inactions of the City, has generated no profit or income from the Development, and has incurred substantial indebtedness in its efforts to move forward with the Development despite the improper actions and inactions of the City, and despite the City’s unwillingness to cooperate with 16th Crossing as market and economic conditions change,” the developer’s court documents stated.

 

The City Says…

The city sued the developer for default for failure to meet the agreed-upon development schedule. The city requested reimbursement of $5 million in Community Development Block Grant-Disaster Recovery dollars and $951,194 in city funds spent on infrastructure.

Local media reports that the agreement was for 178 townhomes, with at least 51 percent occupied by low- to moderate-income (LMI) households for three years, by May 31, 2015. The agreement also called for 350 manufactured home lots, with at least 51 percent set aside for LMI households for three years.

The city states the developer, on Dec. 4, 2017, had listed 34 townhomes as completed, of which 15 were occupied by LMI households, or 44 percent. Another 15 townhomes were unoccupied or being built. The developer had listed 349 manufactured home sites had been developed, with 183 lots leased and occupied. Of those, 131 were occupied by LMI households.

The developer lists nearly $1.15 million that it claims the city owes 16th Crossing for breach of contract.

The City of Minot responded by denying all allegations against them, and stated that 16th Crossing is not entitled to any payment from the city. An Oct. 12 scheduling conference is scheduled in North Central District Court. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Lance Kennedy of North Dakota MHA Speaks Out

Near All-Time Record, Confidence Means MORE Sales and Business

October 2nd, 2018 Comments off

 

NearAllTimeRecordConfidenceMeansMoreSalesBusinessLynnFrancoPhotoDemandInstituteLogoConferenceBoardLogo600

When consumers are confident, they tend to buy more.

 

Who says? 

The Consumer Confidence Index (CCI) is based on the concept that if consumers are optimistic, they tend to purchase more goods and services,” said Investopedia.

U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength,” said Reuter’s on April, 24, 2018, in a trend that has continued into the summer and fall.

Independent producers of manufactured homes have made similar statements, one that the Manufactured Housing Association for Regulatory Reform (MHARR) has often noted in their reports.

So it is no wonder that all housing sales are rising, including manufactured home sales.

 

Top10ManufacturedHousingshipments2018CummulativeManufacturedHousingAssocRegulatoryReformMHARRTXLAFLALNCMSCAKYMITN-DailyBusinessNewsMHProNews

Double-Digit HUD Code Manufactured Home Production Growth In July 2018, MHARR

What the Consumer Conference Board reported for September, 2018 are near record highs.

 ConsumerConfidenceTheConfernceBoardChartGraphicDailyBusinessNEwsMHPronews

 

ExpectationsSurged

The Conference Board Consumer Confidence Index® increased in September, following a large improvement in August., said the Nielsen owned operation in a media release including the Daily Business News on MHProNews. “The Index now stands at 138.4 (1985=100), up from 134.7 in August. The Present Situation Index improved marginally from 172.8 to 173.1, while the Expectations Index surged from 109.3 last month to 115.3 this month.”

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch,” stated the Nielsen-affilated Conference Board. “The cutoff date for the preliminary results was September 14.” 

After a considerable improvement in August, Consumer Confidence increased further in September and hovers at an 18-year high,” said Lynn Franco, Director of Economic Indicators at The Conference Board. She also serves on the board of the Demand Institute.

 LynnFrancoPhotoLinkedInLogoConferenceBoardDemandInstituteDailyBusinessNwesMHProNews

The September reading is not far from the all-time high of 144.7 reached in 2000. Consumers’ assessment of current conditions remains extremely favorable, bolstered by a strong economy and robust job growth. The Expectations Index surged in September, suggesting solid economic growth exceeding 3.0 percent for the remainder of the year. These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season,” Franco said.

 

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Reading the Trend Lines

As you look at the Conference Board’s consumer confidence graphic’s latest trend lines, consumer confidence dropped to its low in late 2009. Consumer confidence rose in the years that followed, but began to decline again in 2015.   

Consumer confidence dipped to another low-point near mid-2016, but has risen steadily as the economy improved in 2017 and 2018. 

Consumers’ assessment of current conditions held steady in September, said the Conference Board.

Those stating business conditions are “good” increased from 40.5 percent to 41.4 percent, while those saying business conditions are “bad” declined marginally from 9.3 percent to 9.1 percent. Consumers’ assessment of the labor market was somewhat more favorable. Those claiming jobs are “plentiful” increased from 42.3 percent to 45.7 percent, but those claiming jobs are “hard to get” increased from 12.1 percent to 13.2 percent.”

Perhaps more interesting for some is the outlook that consumers have.

The Conference Board said that “Consumers’ optimism about the short-term outlook improved considerably in September. The percentage of consumers anticipating business conditions will improve over the next six months increased from 24.4 percent to 27.6 percent, while those expecting business conditions will worsen declined, from 9.9 percent to 8.0 percent. Consumers’ outlook for the labor market was also more upbeat. The proportion expecting more jobs in the months ahead increased from 21.5 percent to 22.5 percent, while those anticipating fewer jobs decreased from 13.2 percent to 11.0 percent. Regarding their short-term income prospects, the percentage of consumers expecting an improvement declined from 25.4 percent to 22.6 percent, but the proportion expecting a decrease declined marginally, from 6.9 percent to 6.5 percent.”

The Conference Board is a nonprofit. From their website:

About The Conference Board

The Conference Board delivers trusted insights for what’s ahead. We connect senior executives across industries and geographies to share ideas, develop insights, and recommend policy to address key issues. Our mission is to help leaders anticipate what’s ahead, improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. http://www.conference-board.org.    

ABOUT NIELSEN

Nielsen Holdings plc (NYSE: NLSN) is a global performance management company that provides a comprehensive understanding of what consumers watch and buy.”

 

What Could This Mean?

It is precisely because this reference is nonpartisan that makes it an interesting possible indicator for what lies ahead, one that differs from partisan political polling.

These are among the factors that could indicate that the so-called coming ‘blue wave’ reported by so much of the mainstream media could prove to be wrong on election night, November 6, 2018.

President Donald J. Trump has been touting his administration’s economic successes, which included the replacement for NAFTA, the USMCA, that was announced yesterday.  He drew a packed crowd last night in TN, where he campaigned for GOP candidates, including Congresswoman Marsha Blackburn.  “A vote for Marsha is really a vote for me,” said President Trump to last night’s enthusiastic crowd, “and for everything that we stand for. It’s a vote for Make America Great Again, that what it is.”

The full length rally is found below, which opens with chants of “USA! USA! USA!” Clearly, pride in America – confidence – is coming back.

 

 

Small Business Optimism (SBO) is also at record highs.  See that further below, under the related reports, linked below. That’s this morning’s “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: You can join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here.

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