Posts Tagged ‘manufactured housing market’

Read Full Joint Trump-Kim Singapore Summit Statement Here, Dennis Rodman Blasts former POTUS Obama, MH Market Potential

June 12th, 2018 Comments off


President Donald Trump and North Korean leader Kim Jong Un signed an agreement at the conclusion of Tuesday’s historic summit,” stated CNBC.


The summit in Singapore has been front-page news, as well as a cable and media headline globally.

Reuters says POTUS Trump told Kim they will have a “terrific relationship.”

Nice to meet you Mister President,” Kim said alongside Trump, with a backdrop of North Korean and U.S. flags, per Reuters.

The meeting was hailed by former NBA Star Dennis Rodman, which will be reviewed further below, along with part of the White House pressroom statement to MHProNews, plus potential manufactured housing industry market analysis, and impacts.



Here’s what the joint U.S. North Korean leadership statement says, according to a photo of Trump’s signed document, per CNBC


—- Start of Joint Singapore Summit U.S. North Korean Statement —-

Joint Statement of President Donald J. Trump of the United States of America and Chairman Kim Jong Un of the Democratic People’s Republic of Korea at the Singapore Summit

President Donald J. Trump of the United States of America and Chairman Kim Jong Un of the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK) held a first, historic summit in Singapore on June 12, 2018.

President Trump and Chairman Kim Jong Un conducted a comprehensive, in-depth, and sincere exchange of opinions on the issues related to the establishment of new U.S.-DPRK relations and the building of a lasting and robust peace regime on the Korean Peninsula. President Trump committed to provide security guarantees to the DPRK, and Chairman Kim Jong Un reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula.

Convinced that the establishment of new U.S.-DPRK relations will contribute to the peace and prosperity of the Korean Peninsula and of the world, and recognizing that mutual confidence building can promote the denuclearization of the Korean Peninsula, President Trump and Chairman Kim Jong Un state the following:

  1. The United States and the DPRK commit to establish new U.S.-DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.
  2. The United States and the DPRK will join their efforts to build a lasting and stable peace regime on the Korean Peninsula.
  3. Reaffirming the April 27, 2018 Panmunjom Declaration, the DPRK commits to work toward complete denuclearization of the Korean Peninsula.
  4. The United States and the DPRK commit to recovering POW/MIA remains, including the immediate repatriation of those already identified.

Having acknowledged that the U.S.-DPRK summit — the first in history — was an epochal event of great significance in overcoming decades of tensions and hostilities between the two countries and for the opening up of a new future, President Trump and Chairman Kim Jong Un commit to implement the stipulations in this joint statement fully and expeditiously. The United States and the DPRK commit to hold follow-on negotiations, led by the U.S. Secretary of State, Mike Pompeo, and a relevant high-level DPRK official, at the earliest possible date, to implement the outcomes of the U.S.-DPRK summit.

President Donald J Trump of the United States of America and Chairman Kim Jong Un of the State Affairs Commission of the Democratic People’s Republic of Korea have committed to cooperate for the development of new U.S.-DPRK relations and for the promotion of peace, prosperity, and security of the Korean Peninsula and of the world.


—- End of Joint Trump-Kim statement. —-


Note that the document is not a treaty, which would require ratification by the U.S. Senate. Rather, it is a statement of mutual intentions.   There is much work still to be done, as the White House’s statement to MHProNews admits.

That said, the meetings went smoothly and swiftly, which reflects careful planning.

That’s a bold contrast to the claims of chaos that some in the media have mischaracterized these hopeful developments. Prayers from around the world were reported from a variety of leaders.

Rephrased, the event lays waste to the narrative of many of the ‘destroy Trump’ voices in the media.

The White House press room tells the Daily Business News on MHProNews that “Secretary of State Mike Pompeo [is] OptimisticDonald Trump-Kim Jong Un Summit Will Set [the]  Framework’ for Denuclearization.”

North Korea…has [previously] shown little appetite for surrendering nuclear weapons it considers vital to the survival of Kim’s dynastic rule. Sanctions on North Korea would remain in place until that happened, [Secretary of State Mike] Pompeo said on Monday. “If diplomacy does not move in the right direction … those measures will increase,” according to Reuters.

Secretary Pompeo added: “North Korea has previously confirmed to us its willingness to denuclearise and we are eager to see if those words prove sincere,” stated Reuters.

Fox stated that “In a dramatic interview with CNN’s Chris Cuomo that quickly became emotionally charged, Rodman, wearing a red “Make America Great Again” hat, blasted former President Barack Obama for not taking the North Korean leader seriously.”


Former NBA Star Rodman, Former POTUS Obama, Race and POTUS Trump

Five years ago, Dennis Rodman said that the North Korean leader Kim Jung Un told him “certain things” to relay to then President Obama concerning potential negotiations.  But the former president “didn’t even give me the time of day — he just brushed me off, but that didn’t deter me,” the former National Basketball Association (NBA) star player said, after admitting he was “naive” when he first visited the rogue state.

The emotionally charged Rodman recounted blowback and death threats here in the U.S. after he returned from that prior meeting with Kim.  Rodman has made several good will trips to North Korea, that in hindsight may have proven to be useful.

Rodman says he wants to help bring sports to the long-isolated North Korean state.


MH Markets Potential?

As Daily Business News evening market watch readers know, investors and markets crave stability and certainly.

A variety of geo-political, domestic economic, and politically oriented news items have periodically roiled the U.S. markets for months. That’s been true, even though the fundamentals of the markets have been strong, business confidence high, and consumer confidence are at record levels.

With jobs roaring back, and the first serious increase in take-home pay and wage growth in years, the “it’s the economy, stupid” advice of longtime Clinton adviser James Carville ought to apply.

As a series of serious signals from cultural figures such as Rodman, Kanye West, Kim Kardashian, and others who are praising the 45th president, can only prove useful for POTUS Trump and his political allies as the midterms approach.

That could in turn translate into more policy progress for the manufactured housing industry. That’s “News Through the Lens of Factory Built Housing.” © Stay tuned. Sign up for our industry-leading emailed headline news, from the link here or below. ## (News, analysis, commentary.)

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Investment Writer Touts Financial Performance of MHCs

March 22nd, 2016 Comments off

TriStar Estates mhcWriting in seekingalpha about investing in real estate investment trusts (REITs), Brad Thomas, noting the importance of housing to the overall economy, says following housing trends can lead to wise investing in the market. In particular, the manufactured housing market offers opportunity for REIT investors to outperform the overall market.

Since 2010 the price of new and existing homes have passed their pre-Recession levels which has resulted in the lack of affordable housing.

As the homeownership rate has fallen from just under 70 percent in 2004 to 63 percent in 2015, renter households have risen from under 34 million for the same time period to over 42 million as of 2015. Demand for apartments has pushed the cost of rentals up as well.

Thomas says that leaves only manufactured housing as affordable housing. He says, Today’s manufactured homes are indistinguishable from site-built homes and are fully compatible with any neighborhood architectural style.”

He compares the average cost of a manufactured home–$65,300–as roughly equivalent to one year of median income, while a single-family site-built home at a cost of $345,800 equals approximately six years median income.

Production of MH has not seen the growth like the multifamily sector has, but prices have risen because supply has not kept up with demand (including that the quality of MH has increased in the past 20 years), although in recent years the average price has not risen, which Thomas takes to mean that supply and demand have been in balance.

Manufactured housing is also playing into the aging of the overall population. A report by Marcus & Millichap last year states strong employment growth, rising home prices and the aging of baby boomers bodes well for MH, because the lack of affordable housing is becoming more urgent, and MH is an affordable option. MH prices rose one percent in Q1 2015.

Higher yields and low borrowing costs are attracting investors to MHCs which is also creating competition for the limited assets that are on the market. As MHProNews knows, new MHCs are not being developed in large numbers, which could drive the prices for the communities that are sold higher. Additionally, owners of MH in communities are less likely to up and move because of the expense, giving more stability to a REIT investment.

REITs own and operate MHCs, sometime owning only the land and renting home sites, other times owning the home and the land. He says, “MH is the most recession resistant sector of the housing and commercial real estate sectors and has consistently outperformed multifamily in same site NOI (net operating income) growth since 2000.”

(Photo credit: Tri-Star Estates MHC)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Lippert Inks Deal with Chinese Caravan Market

June 30th, 2014 Comments off

Lippert Components, Inc. (LCI) a wholly-owned subsidiary of Drew Industries, Inc. of Elkhart, Indiana announces its exclusive agreement with Shanghai Lixin Trading Co. Ltd. for the distribution of LCI products to the growing Chinese caravan, recreational vehicle and utility trailer markets. Shanghai Lixin recently created a special division to deal with the caravan business, according to what tells MHProNews. Tongxiang City, the home of Shanghai Lixin, is ranked 24 among the top 100 Chinese commercial cities in the country. LCI has 34 factories nationwide that supply the manufactured housing and recreational vehicle industries with component parts. ##

(Image credit: Lippert Components, Inc.)