Posts Tagged ‘manufactured housing professionals’

Nimby Leading Loss of Affordable Housing? County buys MHC to close it

August 28th, 2014 Comments off

google-street-view-nearby-1162-jenny-scyamore-near-closing-evergreen-village-mobile-home-park-posted-daily-business-news-mhpronews-De Kalb County, Illinois purchased to close “flood prone” Evergreen Village Mobile Home Park in Sycamore, the Daily Chronicle tells MHProNews. “I don’t have much of a choice, because we’re in a flood plain and I can’t fix houses,” the property owner, Frank Santoro said. “I have to accept what they are going to give me.”

The county reportedly paid $1.47 million for the property, which happens to be near Sycamore Golf Course, a community park, Sycamore Family Sports Center and a neighborhood with multifamily rentals, as shown in the first photo.

About 120 mobile or manufactured homes (MH) were once sited on the closing property. One of those families included Robert Baird’s, who was adamant that his family stay in Sycamore, even though they have to move out of Evergreen Village. But dozens of prior residents have had to leave the area, in search of new housing

Superintendent Kathy Countryman said 24 students who attended North Grove school last year moved out of the district, their families going to places like De Kalb or Rochelle.

County leaders secured $7.1 million in state and federal emergency management grants to buy the property, relocate its residents, and return it to open space by June 30. That’s an average cost per household of some $59,166.

As of Monday, the county bought 114 out of 121 mobile homes in Evergreen, according to Paul Miller, county planning, zoning and building director. “We’re focused on helping people find homes,” Miller stated, adding that, “We’re satisfied with those numbers [of closed purchases,] but it’s no time to sit back. We’re going to keep working.”

Numerous questions ought to be raised in studying a “park closure” such as Evergreen Village, including the impact on residents and was this the best use of taxpayer’s money in the light of a growing affordable housing needs nationwide in the U.S..


Certainly NIMBY – ‘not in my back yard’ – is commonly cited as a factor for nearby home owners as they view affordable housing. As manufactured housing professionals know, all other forms of permanent housing are more costly than modern MH. Per the U.S. Census Bureau, the costs for conventional construction are roughly double that of manufactured homes. And as Manufactured Home Living News  readers know, modern manufactured homes feature energy savings, more durability and appeal as well as lower costs. ##

(Photo credits: Google Streetviews and Danielle Guerra, Shaw Media)

CNBC says 5 to 6 Million Renting Should Own – Affordability = Credit Access, Rates & Price

August 27th, 2014 Comments off

credit-comstock-getty-cnbc-posted-daily-business-news-Tim Rood with the Collingwood Group was part of a CNBC discussion that pointed to factors that manufactured home professionals relate to: the many – and often competing – dynamics that cause someone to buy a home or stay in a rental. Elements such as price and interest rates, CNBC’s Diana Olick  tells MHProNews,  along with knowledge of options, down payments and access to credit all impact prospective home buyers.

Olick says, “There has long been a saying in the real estate market that potential homebuyers don’t buy according to the home price or the mortgage rate. Instead, “they buy the monthly payment.” The monthly payment is, of course, a combination of rate and price, but the weight of each can change dramatically.”

Olick described factors in the last boom and bust: “For example, home prices were able to soar uncontrollably during the last housing boom only because risky mortgage products at the time made monthly payments minuscule and down payments often nonexistent.”

MH professionals know that well intended, ‘corrective’ regulatory hurdles imposed by the Consumer Financial Protection Bureau (CFPB) and/or states have in many cases harmed sales that would have taken place otherwise.  

For example, when a community operator or private money investor is willing to lend at a rate that still yields an affordable payment, but fails to fit the peghole regulators established, would-be sales are lost. This in turn keeps factories from building homes that would otherwise have been ordered by MH retailers, developers and communities to fill demand.

If Rood is correct, 5 to 6 million potential home sales represent a huge economic stimulus that would create millions of jobs. As demand on rentals would ease, monthly rates could be mitigated and housing affordability for millions more would improve.

Manufactured housing professionals can point to facts found in the recent GAO study which cites the lower monthly payment MH enjoys, combine it with stories of affordable quality living, to tap into more sales, to sway more opinion leaders and public officials.

“It never ceases to amaze me how hung up mortgage borrowers can be on rate,” said Matthew Graham of Mortgage News Daily. “In fact, a lot of times we have to remind them that the .125 percent difference in rate only amounts to X dollars and they’re surprised.” ##

(Image credit: Comstock/Getty/CNBC)

(Editor’s Note: A chart by FannieMae, published in this article here, underscores the relationship of price, rate and affordability for manufactured housing.)


Rand Ghayad’s HuffPo OpEd questions Dodd-Frank factor in Lower U.S. Employment

August 26th, 2014 Comments off

rand-ghayad-phd-the-brattle-group=credit-posted-daily-business-news-mhpronews-com-Rand Ghayad, PhD, questions which is adding to the depressed U.S. labor market more, regulations or a lack of demand for goods and services? Writing in the Huffington Post, Dr. Ghayad cites Bureau of Labor Statistics (BLS) figures pointing to only 0.3 loss due to “government regulations/intervention,” vs. “25 percent were laid off because of a drop in business demand.”

A deeper dive by MHProNews into Ghayad’s statements reveals this quote:

The bottom line is an old story: regulation has raised costs and made business opportunities to sell goods and services insufficiently profitable. The new twist is that these fears are suppressing current investments and hiring, and are thus a major cause of our long-term unemployment problem.”

Ghayad also acknowledges that too big to fail, something Dodd-Frank was supposed to help ‘fix,’ has actually resulted in larger financial institutions, not smaller ones. “The U.S. largest banks have grown only bigger since the financial crisis — by as much as a third.”

Ghayad’s survey fails to ask about the impact of other regulatory burdens on business and the economy, such as the Affordable Care Act (ACA a.k.a. ObamaCare). “Blaming” lower employment on Dodd-Frank alone would be an overstatement. But as veteran manufactured housing professionals know, Dodd-Frank is suppressing some loans which where previously being made, which in turn reduces sales and thus the ability for would be financing sources to fill demand. To learn more, see the Industry in Focus report on HR 1779. ##

(Rand Ghayad, PhD photo credit: The Brattle Group)

NAHB and MHARR agree, even $1000 price increase Reduces potential Home Buyers

August 25th, 2014 Comments off

nahb-news-image-creditThe National Association of Home Builders (NAHB) released a study, cited by MHARR, that points to the fact that every $1,000 in price increase on a home decreases the number of potential home buyers by some 200,000 nationally.

The study opens with the statement, “One of the often overlooked impacts of building regulations is their effect on housing affordability. Every time a local or higher level government issues a new construction regulation it raises construction costs by, for example, increasing the price of construction permits or impact fees. Higher costs invariably translate into higher home prices and higher prices in turn disqualify more households from being able to afford new homes.”

The report by Natalia S. Siniavskaia, Ph.D. was released as Special Studies, on August 1, 2014, by the Economics and Housing Policy division of the NAHB. A download of the full report is available, at this link here.The median new home price for the United States is set at $275,000 for 2014. It is based on monthly median new home prices reported by the Census Bureau over 2013 and the first four months of 2014.”

Compare that median cost for conventional home building to the median price of a single section manufactured home (MH) at $42,200 or multi-sectional MH at $78,600, also per U.S. Census Bureau figures, click here for the full report by state and region.


This issue dovetails with concerns expressed by HUD Code manufactured home builders, expressed in this article linked below.

HUD Code Manufactured Home Producers Want Regulatory Fairness and Stronger Congressional Oversight

The above was also mentioned by the Manufactured Housing Association of Regulator Reform (MHARR) in their commentary on this topic.

Forward thinking manufactured housing professionals understand that while HUD Code MH can uniquely serve the lowest rungs of the housing ladder, future opportunities for growth depends upon the ability of industry professionals to individually and/or collectively to attract more cash and credit worthy customers currently served by apartments, rental housing, real estate agents or conventional housing builders. ##

(Image credits: NAHBeNews, NAHB Price Out Study)

Tea Party Republicans challenging Incumbents over SAFE Act, Constitutional issues

August 26th, 2013 Comments off

rob-ariago-credit-poststar-posted-manufactured-housing-pro-news-daily-business-news-Two tea party Republicans serving on the Wilton Republican Committee are part of what may be an re-emerging pattern within the ranks of the party. Not unlike the 2010 Tea Party revolution that brought dozens of Republicans into the House of Representatives, local candidates Rob Arrigo and Elaine Gerber are challenging incumbent state Republican Committee members Todd Kusnierz and Shirley Needham on September 10th. The 2009 Pulitzer Prize winning PostStar tells MHProNews the candidates are vying for committee representation of northeastern Saratoga County municipalities in New York’s 113th Assembly District. Rob Arrigo said Saratoga County needs a stronger voice on constitutional issues, such as the SAFE Act and gun control legislation enacted in January. “Unfortunately the SAFE Act was passed not just with Democrats, but it was passed largely because (state Sen. Majority Leader) Dean Skelos, R-Long Island, allowed a vote on the SAFE Act in the New York State Senate,” he said. “That is unacceptable, and we want to go and hold those elected officials accountable. And the best place to do that is on the state committee.” Since MHProNews knows the SAFE Act is a big issue for manufactured housing professionals, we will track this re-emerging trend to see its potential impact on Congressional races in the upcoming 2014 election. ##

(Photo credit: PostStar)

Williams, Allen and others give Thumbs Up

June 16th, 2013 Comments off (1)Manufactured housing professionals have long known that an image building campaign would benefit the industry in many ways. So it’s no surprise that First State Manufactured Housing Association’s Jennifer Allen, Tim Williams from the Ohio Manufactured Homes Association and a number of other industry executives and professionals have expressed encouragement for version 2.0 of as a serious starting place for an industry image campaign. Tim Williams told MHProNews, “Well done Tony…you are one of the top innovators in our industry!” Jennifer Allen said, “Hi Tony – I checked out the site and I must say very nice.  I found it to be a good resource for me to use and to share with others.  Industry image is truly important….!” MHProNews publisher, industry consultant and co-founder L. A. “Tony” Kovach said, “NAR studies say some 94% of housing shoppers do part – or all – of their shopping online before looking at homes. That’s a huge opportunity for manufactured housing. We started by listening to industry professionals, researched past image efforts, plus looked at our and the experiences of other Internet savvy pros. So this truly is and will be a collaborative effort. We appreciate the thoughtful commentary and the okay of these various leaders to quote their thumbs-up comments. We welcome feedback and support from those interested in advancing the sales of more factory-built homes and attracting more good customers via such an image and educational effort. We appreciate too the sponsors who are making this new effort possible.” More comments from other industry professionals who provided comments for publication can be found at this link. ##

(Image Credit: LifeStyle Factory Homes, LLC)


Mo Mitt

October 3rd, 2012 Comments off reports that Mitt Romney grabbed momentum and took it to the incumbent president on a range of issues, including: Dodd-Frank, ObamaCare, Medicare, increasing domestic energy production, reforming taxes, education and of course creating jobs. Romney twice cited that the National Federation of Independent Businesses (NFIB) said that Obama’s policies would cost the country another 700,000 jobs. Romney stressed free market vs. big government solutions and repeatedly corrected the president on claims Obama made about his policies, saying the president was entitled to his own plane, house and opinions “but not to your own facts.”

In post debate commentary, ABC, CBS and NBC all essentially agreed that Romney was crisp and in command of facts, while Obama looked flat. The fact that Barack Obama was often hanging his head and grimacing seemed to capture the night, as the photo from Drudge reflects.

In samples of post debate media coverage, even very partisan MSNBC seemed frustrated with Obama’s performance. Real Clear Politics stated:

“Tonight wasn’t an MSNBC debate tonight, was it?” Chris Matthews said after the first Obama-Romney presidential debate concluded on Wednesday night.

“I don’t know what he was doing out there. He had his head down, he was enduring the debate rather than fighting it. Romney, on the other hand, came in with a campaign. He had a plan, he was going to dominate the time, he was going to be aggressive, he was going to push the moderator around, which he did effectively, he was going to relish the evening, enjoying it,” Matthews said.

The National Journal reported:

“Going forward with the status quo is not going to cut it for the American people who are struggling today,” Romney said, stealing the mantle of change Obama wore so well in 2008.

The former Massachusetts governor also reminded voters repeatedly that the president has not lived up to promises he made four years ago. After Obama vowed to reduce the deficit in a second term, Romney replied, “You’ve been president four years.”

“You said you’d cut the deficit in half. It’s now four years later. We still have trillion-dollar deficits,” he said. Time is up was the message for voters.

Privately, some Democratic strategists said the challenger got the best of the president. “We got our clock cleaned,” said a Democratic strategist who spoke on condition of anonymity out of fear of retribution. The strategist had reviewed results of polls and focus groups of the debate.

As MHProNews knows, while all of the issues discussed impact manufactured housing professionals and the industry’s customers, Dodd-Frank is certainly among the issues that impacts our industry the most. Romney has promised to repeal Dodd-Frank if elected. Gains in the Senate and holding the House by Republicans would make that promise possible.

One radio commentator pointed out in pre-debate coverage that of the over 40 promises that Romney made to voters in Massachusetts, he kept all of them. Governor Romney pledged to do what he did in Massachusetts, where he worked with both parties to get things done. During Romney’s term, the former Governor asserted that he worked successfully with a legislature that was 87% Democratic.

Governor Chris Christie predicted on Sunday that the narrative of the race would be different Thursday morning.   There was surprising consensus even among often partisan pundits that the debate’s Mo went with Mitt. ##

(Photo credit: Drudge)

MH Industry Pros: Learn MH Energy Upgrades

October 11th, 2011 Comments off

MHProNews has learned from Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), that the U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) will offer a series of free webinars aimed at providing information on the Guidelines for Home Energy Professionals project. This project is designed to develop a residential energy upgrade workforce. The programs will be presented every Tuesday afternoon in October, 2011, at 3 PM EDT, and require advance registration. Segments of the training will pertain to retrofitting and rehabbing existing factory-built homes for manufactured housing industry professionals. The three point goal of this free opportunity is to train workers, define work quality for energy upgrades, and provide professional certification. For more information contact Amy Hollander at or (303) 275-3198.

(Photo credit:  U.S. Dept. of Energy)