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Insightful Quotes for Manufactured Home Business, Investors, and Professionals

June 30th, 2019 Comments off

 

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The quotes that follow from the first two nights of the 2020 Democratic primary are not to be construed as an endorsement of that candidate or their positions.  In some cases, the quotes are aimed to underscore claims backed by evidence.  The candidate may be right on the facts but may or may not be correct in their proposal to deal with those facts.

 

With that said, consider these pull quotes, taken from the full debate transcripts from NBC, linked here.

  • It has been far too long that the monopolies have been making the campaign contributions, have been funding the super PACs, have been out there making sure that their influence is heard and felt in every single decision that gets made in Washington.” Senator Elizabeth Warren (MA-D).

 

  • I know what it’s like to rent a home and to worry about whether you’re going to be able to pay the rent at the first of the month and to see a mom work very, very hard and know that moms across this country are getting paid less simply because they’re women.” Former HUD Secretary Julián Castro.

 

  • I mean, first of all, we’ve got to recognize that the China challenge really is a serious one. This is not something to dismiss or wave away. And if you look at what China is doing, they’re using technology for the perfection of dictatorship.” South Bend, Indiana Mayor Pete Buttigieg.

 

I think we have a serious problem in our country with corporate consolidation. And you see the evidence of that in how dignity is being stripped from labor, and we have people that work full-time jobs and still can’t make a living wage.

We see that because consumer prices are being raised by pharmaceutical companies that often have monopolistic holds on drugs. And you see that by just the fact that this is actually an economy that’s hurting small businesses and not allowing them to compete.

One of the most aggressive bills in the Senate to deal with corporate consolidation is mine about corporate consolidation in the ag sector. So I feel very strongly about the need to check the corporate consolidation and let the free market work.” Senator Cory Booker (NJ-D).

 

  • “…we have to restore the backbone of America, the poor and hardworking middle class people.” – Former Vice President Joe Biden.

 

So the way I understand this, it’s there is way too much consolidation now in giant industries in this country. That hurts workers. It hurts small businesses. It hurts independent farmers. It hurts our economy overall.

And it helps constrict real innovation and growth in this economy.

Now, look, we’ve had the laws out there for a long time to be able to fight back. What’s been missing is courage, courage in Washington to take on the giants. That’s part of the corruption in this system.” – Senator Elizabeth Warren (MA-D).

 

  • “…the 40 million of us who can’t start a family, can’t take a good idea and start a business and can’t buy our first home.” – Congressman Eric Swalwell (CA-D).

 

Socialism, in that sense, is not the solution. We have to look at what really will make a difference

I’m a small-business owner who brought that same scrappy spirit to big Colorado, one of the most progressive states in America.” – former Governor John Hickenlooper.

 

  • “…And at a time when we have three people in this country owning more wealth than the bottom half of America, while 500,000 people are sleeping out on the streets today, we think it is time for change, real change.” Senator Bernie Sanders (VT-I, causes with Democrats).

 

  • Right now, we have a system that favors those who can pay for access and outcomes. That’s how you explain an economy that is rigged to corporations and to the very wealthiest.” Former Texas Congressman Robert ‘Beto’ O’Rourke.

 

I think we have to do real things to help American workers and the American people. Right? This is the issue that all of us hear on the campaign trail…

Then we’ve got to fix our public education system. It’s not delivering the results our kids needs, nor is college and post high school career and technical training programs doing that. You know, I’m very different than everyone else here on the stage. Prior to being in Congress, I was an entrepreneur. I started two businesses. I created thousands of jobs. I spent my whole career helping small- to mid-sized businesses all over the country, 5,000 of them I supported. The Obama administration gave me an award for lending to disadvantaged communities.

I know how to create jobs…” – Former Maryland Congressman John Delaney.

 

  • I was 6 years old when a presidential candidate came to the California Democratic Convention and said it’s time to pass the torch to a new generation of Americans. That candidate was then-Senator Joe Biden. Joe Biden was right when he said it was time to pass the torch to a new generation of Americans 32 years ago. He is still right today.” – Congressman Eric Swalwell (CA-D).

 

There were other noteworthy quotes shared by many of the candidates, not just those noted above or that follow.  A weakness in the format was arguably that there was too few serious follow up questions. For example, in areas where the income inequality, the education process, housing policy, or gun laws have been in Democratic hands for decades, how do those candidates explain that they want to move the nation ahead with their plan, when prior efforts clearly failed?

Wittingly or not, NBC moderator Jose Diaz-Balart made that point with respect to New York City with this question: “Mayor De Blasio, good evening. You’re the mayor of the biggest city in the United States, but it’s also one of the cities in the country with the greatest gap between the wealthy and the poor. How would you address income inequality?”

In that sense of candidates with longer records and little to show for it are perhaps among the most vulnerable contenders.  An example of such is former Vice President Joe Biden. When any candidate says they can ‘fix’ the economy to be more fair to the worker, or fix the problem of big business consolidating smaller ones and their overbearing market and political power, how can they say that with a straight face?  Especially when they had years in office to do so, but failed to do it?  Or, how can a candidate rail against ‘Wall Street,’ or big businesses, when they have accepted years of campaign contributions from some of those same big corporate interests directly or through PACs?

 

  • Yes, they will pay more in taxes, but less in health care for what they get.” – Senator Bernie Sanders. What wasn’t nailed down in that bit of candor is the point made by Thomas Sowell.

 

ThomasSowellQuoteAmazingCannotAffordDoctorsHospitalsMedicationThinkWeCanAffordDoctorsHospitalsMedicationGovernmentBureacucraacyAdministerItMHProNews

See a free enterprise solution for rising health care costs that is already working in numerous U.S. cities and towns, linked here.

 

Be it heath insurance, which is not the same as health care, or most any other instance one cares to mention, government routinely is less efficient than the private sector. The waiting time for treatments in Canada and England for certain procedures with their socialized medical care can be months to years.  That’s why the solution linked here, which costs less and is already proven to work, is but one example of free enterprise offering solutions that big government has failed to deliver.  Why have so many members of both major parties largely ignored that proven pathway?

Whatever the answer to that question, that being so, what must occur is fostering more competition, not less of it.  That’s why the issue of consolidation and monopolization should be important to every American.  It is an area that Democrats – at least in their talking points – have been engaged on more than the GOP, which some have taken notice and are mimicking. While some monopolistic minded businesses may give away something free or at lower cost to gain market share, in time, other options are eliminated. Once no other options exist, where will the competition be to keep prices in check?

That’s why some of those quotes from Democratic candidates cited above are important. As Senator Warren has put it, the laws needed to address these challenges are already on the books. They should be enforced.

What members of both major parties should do, with respect to manufactured housing, is hold hearings to explore how market dominance was or is being achieved, and through prompt public hearings put pressure on federal agencies to act sooner, than later.

 

The Manufactured Housing Connections, Opportunities and Obstacles

Manufactured home professionals should take heart that HUD Secretary Ben Carson has been pushing a narrative for some 2 years, and has recently connected it directly with manufactured housing.  Carson’s recent speech in New Orleans de facto addresses how manufactured homes could play an important role in addressing the issue of income inequality in a way that – at least so far – not one of the Democratic candidates have made a similar tie-in.

Dr. Carson’s evidence based notion is this. Home ownership is perhaps the most proven form of personal or household wealth creation. As Carson said in his speech linked here and above, the typical home owning family has a net worth of some $200,000 vs. the typical renter having a net worth of only some $5,000. Carson further pointed out that FHFA data reflects the point that manufactured homes can appreciate in value too. Rephrased, Carson confirmed prior data points made by researchers, for example, linked here.

The thumbnail analysis above should not be construed to mean that the GOP has every answer, nor that the Democrats do.  There are areas that each major party tends to have a superior or inferior track record.

What citizens must recognize is that identifying a problem is only the start. When someone says ‘free college tuition,’ the same principle that Senator Sanders said applies.  There is nothing free, someone always pays.  Sanders admitted that the middle class will have to pay more in taxes for so-called ‘free’ health care. The same principle applies to free education or any other government handout.

How many taxpayers will be willing to pay for free healthcare for hundreds of thousand to potentially millions of new illegal immigrants a year?  When the Trump Campaign starts hammering home those and other points, Democrats will have to pivot or look like they lack basic math skills. Yet on the second night of the primary debates in Miami, all 10 Democrats on stage raised their hand to say that their health care plan would cover all border crossers.

Do they realize that if that would be true, then what is to stop someone from coming to the U.S. by plane boat, or via the northern border?  Get to the U.S., and you’ll get free healthcare, and a raft of other promises of free stuff?

That’s a concern that a few Democrats have prudently raised. Time will tell if they pivot.  If they don’t, will promises of free stuff that can’t possibly be honored triumph over reality?  We’ll see.

The path to prosperity is arguably found in a combination of factors:

  • breaking up the power of huge conglomerates that drive down employment and keep wages lower in the process.
  • Illegal immigration creates a large pool of lower wage workers too, so controlling borders to prevent illegal entry and vetting who is allowed into enter the country is just common sense that most nations follow.
  • Creating a path to sustainable home ownership that is as simple as possible is prudent too.

These are issues that some Democrats have already proven their ability to engage in positively, as have some Republicans.

  • Facts vs. fantasy.
  • Truth over false promises.
  • Equality of opportunity and rights, not contrived or forced outcomes.
  • Economic basics being applied.

These are some of the things that more of America’s elected and appointed political leaders must learn to embrace.  The late Democratic leader, Daniel Patrick Moynihan, wisely said the following famous maxim.

 

Daniel Patrick “Pat” Moynihan was an American politician, sociologist, and diplomat. A member of the Democratic Party, he represented New York in the United States Senate and served as an adviser to Republican U.S. President Richard Nixon. Born in Tulsa, Oklahoma, Moynihan moved at a young age to New York City. Source: Wikipedia

 

NBC’s Savanah Guthrie asked Colorado’s former governor the following. “Governor Hickenlooper… You’ve warned that Democrats will lose in 2020 if they “embrace socialism,” as you put it.”

Hickenlooper replied, “Well, I think that the bottom line is, if we don’t clearly define that we are not socialists, the Republicans are going to come at us every way they can and call us socialists.”

Right or wrong, belief in socialism is rising, but is still not half of the population.  But when on scratches deeper, what has a broad coalition across the left-right spectrum is a belief that the system is rigged. Many who think they want socialism actually want justice. They want to level the playing field.

That’s where the fertile ground could be found for those willing to tackle in an honest and sensible fashion what has gone wrong for so many in America.  That includes why so many don’t get it that manufactured housing is a valid solution for the American Dream of home ownership, along with the how and why that understanding has been thwarted.

There is plenty of fertile ground for the GOP or Democrats to work in concert, or to campaign on a platform that will be more than empty promises.

It is real challenges and pragmatic solutions that we strive to monitor, fact-check, and report on here at MHProNews.

With no further adieu, let’s dive into the reports for the week that was.

 

What’s New on MHLivingNews

 

 

What’s New in Washington, D.C. from MHARR

 

What’s New on the Daily Business News on MHProNews

Saturday 6.29.2019

  “…the Water’s Edge”

“…the Water’s Edge”

 

Friday 6.28.2019

  Rep SWALWELL Said “Pass The Torch,” Biden says No – Democratic Debates, Nights 1 & 2, Full Transcripts, Videos – plus MH Stock Updates

Rep SWALWELL Said “Pass The Torch,” Biden says No – Democratic Debates, Nights 1 & 2, Full Transcripts, Videos – plus MH Stock Updates

  Investment into U.S. Real Estate Market Risen – 3 Year Trend, Says Marcus & Millichap CEO Hessam Nadji

Investment into U.S. Real Estate Market Risen – 3 Year Trend, Says Marcus & Millichap CEO Hessam Nadji

  Rent Controls and Manufactured Housing Restrictions Targeted in New Presidential Executive Order

Rent Controls and Manufactured Housing Restrictions Targeted in New Presidential Executive Order

 

Thursday 6.27.2019

  Democrats Take Aim Big Business, Breaking Up Monopolies, Antitrust – plus Manufactured Housing Market Updates

Democrats Take Aim Big Business, Breaking Up Monopolies, Antitrust – plus Manufactured Housing Market Updates

  Berkshire’s Joanne Stevens Rips Manufactured Housing Institute

Berkshire’s Joanne Stevens Rips Manufactured Housing Institute

  Clayton Homes Contradicts Wall Street Journal’s “Fannie and Freddie’s Latest Push: Factory-Built Homes”

Clayton Homes Contradicts Wall Street Journal’s “Fannie and Freddie’s Latest Push: Factory-Built Homes”

  Controversial Association Award Spotlights Manufactured Home Industry Challenges

Controversial Association Award Spotlights Manufactured Home Industry Challenges

 

Wednesday 6.26.20.19 

  First of Two Night Democratic 2020 Presidential Debates Ahead, Videos, Facts

  President Trump ‘Big Tech Should Be Sued,’ Google Manufactured Housing Angle Overlooked, Plus Manufactured Home Stock Updates

President Trump ‘Big Tech Should Be Sued,’ Google Manufactured Housing Angle Overlooked, Plus Manufactured Home Stock Updates

  HUD Announces Secretary Ben Carson to Chair White House Council on Affordable Housing, Manufactured Housing Getting Attention

HUD Announces Secretary Ben Carson to Chair White House Council on Affordable Housing, Manufactured Housing Getting Attention

  Federal Bill that MHI, Prosperity Now, NAMHCO Tout – MHARR Opposes, Why?

Federal Bill that MHI, Prosperity Now, NAMHCO Tout – MHARR Opposes, Why?

 

Tuesday 6.25.2019

  President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates

President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates

  “Incestuous” Lobbying? Kings of K Street, Revolving Door, Big Tech, Berkshire Hathaway – Follow the Money

“Incestuous” Lobbying? Kings of K Street, Revolving Door, Big Tech, Berkshire Hathaway – Follow the Money

  Sun Communities (SUI) As Viewed by Hedge Funds Data, Per Media Reports

Sun Communities (SUI) As Viewed by Hedge Funds Data, Per Media Reports

  21st Mortgage Corporation Manufactured Housing Loan Data, Per Federal Sources

21st Mortgage Corporation Manufactured Housing Loan Data, Per Federal Sources

 

Monday 6.24.2019

 

  Vanderbilt Mortgage and Finance Manufactured Home Loan Origination Data, Per Consumer Financial Protection Bureau

Vanderbilt Mortgage and Finance Manufactured Home Loan Origination Data, Per Consumer Financial Protection Bureau

  HD’s Bernie Marcus Says Bernie Sanders ‘Enemy of Entrepreneur,’ plus Manufactured Home Stock Updates

HD’s Bernie Marcus Says Bernie Sanders ‘Enemy of Entrepreneur,’ plus Manufactured Home Stock Updates

  Nicole Friedman, Ben Eisen, Wall Street Journal – Fannie, Freddie, Manufactured Homes, and MH Financing – Part 1

Nicole Friedman, Ben Eisen, Wall Street Journal – Fannie, Freddie, Manufactured Homes, and MH Financing – Part 1

  Driverless Trucks Coming to Big Box, Will Emerging Tech Impact Manufactured Housing Deliveries?

Driverless Trucks Coming to Big Box, Will Emerging Tech Impact Manufactured Housing Deliveries?

 

Sunday 6.23.2019

  Senate Democrat Specifically Urges Broader Manufactured Housing Lending, Bipartisan Approach to GSE Reform

Senate Democrat Specifically Urges Broader Manufactured Housing Lending, Bipartisan Approach to GSE Reform

 

That’s all that she – and that other guy – wrote on the week that was.  Thanks to our sponsors and readers for making and keeping us the runaway number one in MHVille. That’s a wrap for this Sunday morning edition of “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” ©. ## (Headline news in review, fact-checks, analysis, and commentary.)

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Submitted 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:

You can click on the image/text boxes to learn more about that topic.

 

Independent MH Communities, Retailers – NAMHCO’s Susan Brenton Says What Fueled Break from Manufactured Housing Institute (MHI)

George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

 

 

 

 

 

 

 

 

 

 

 

 

Housing “Overvalued,” Is a New Bubble Ahead?

August 2nd, 2017 Comments off
FrankMartellPresidentCEOCoreLogicDailyBusinessNewsManufacturedHousingIndustryMHProNewsHousingBubble

Frank Martell, President, CEO of CoreLogic. Images provided under fair use guidelines.

With no end to the escalation in sight, affordability is rapidly deteriorating nationally,” said Frank Martell, president and CEO of CoreLogic. “While low mortgage rates are keeping the market affordable from a monthly payment perspective, affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge.”

According to CBNC, the housing market in four of the major U.S. cities has now reached a point where pricing is unsustainable.

The housing market in the cities of Denver, Houston, Miami, and Washington D.C. have reached a point where they are no longer just expensive, they are overvalued.

How is Overvalued Defined?

An overvalued market, per CoreLogic, is determined by comparing current home prices to long-term sustainable prices. When the present price is 10 percent higher than the long-running sustainable ones, the market is considered to be overvalued.

Part of the reason for overvalued homes is due to a lack of available, affordable homes. As Daily Business News readers know from a recent article on supply and demand, when the demand is high and the supply is low, the price is driven up.

SupplyDemandLinkedInDailyBusinessNewsMHProNews

Grapic credit, LinkedIn. To see a video and basic supply and demand overview, click the image above.

The solution, presented in another recent Daily Business News article, is to build more homes. However, with the price of building materials and labor increasing, this is unlikely to bring down the market price of a new site-built home by much.

housingsnewnormalcreditfranknothaftcreditcorelogic-postedtothedailybusinessnewsmhpronewsmhlivingnews

Frank Nothaft. chief economist at CoreLogic, credit, CoreLogic.

As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years,” said Frank Nothaft, chief economist at CoreLogic.

What most of the nation overlooks, is what savvy manufactured home professionals know.  The answer to the affordable housing crisis is hiding in plain sight.

So why don’t more manufactured homes sell? Why aren’t people utilizing this solution to the affordable housing crisis?

In our industry, the biggest problem we have is that when people think of a

citycouncilmemberwantsamenitiesformhcommunitiescreditaustincitycouncil-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews

D.J. Pendleton. Credit, MHProNews.

mobile home, they think of their great-grandma’s trailer,” said DJ Pendleton, Executive Director of the Texas Manufactured Home Association.

Pendleton recently engaged the mainstream media regarding the placement of manufactured homes in a municipal area.  Demand has grown.

UrbanSuburbanPlacementManufacturedHomesAmarilloTxDJPendletonTMHAZillowDailyBusinessNewsMHProNews

JD Harper has also sounded off on related issues that are keeping more manufactured homes from being sold in urban and suburban areas.

Thank you for your direct question to HUD’s Pam Danner about the City of Kilgore’s plans to further limit the placement of manufactured homes in that city,” Harper told MHProNews publisher, L. A. ‘Tony’ Kovach,  “I’ve repeatedly questioned why HUD and the administrator’s Office of Manufactured Housing Programs hasn’t acknowledged that preemption was significantly enhanced by the Manufactured Housing Improvement Act of 2000 (MHIA of 2000).”

Harper also addressed a topic raised by an Illinois legislator, who spoke of “economic racism.”

EconomicRacismIlGenAssemblyRevDonTyeJr-JDHarperArkManufacturedHousingAssoc-IndustryVoicesMHProNews

MarkWeissMHARRPresidentManufacturedHousingIndustryDailyBusinessNewsMHProNewsFor reasons including those Harper cited, Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) has been pushing for the prompt change of leadership at HUD’s manufactured housing program.

Meanwhile, as a recent Masthead column noted, the Manufactured Housing Institute (MHI) has entirely avoided the issue of Danner, HUD and a number of issues that are slowing the industry’s progress.

What ROC USA’s Paul Bradley has called the industry’s “lack of cohesion” is preventing more rapid growth.

Misconceptions…

Unfortunately, through years of misrepresentation, poorly interpreted data, and an all-too-common flow of negativity from the mainstream media – see this recent example – or a corresponding level of positive promotion has resulted in the current public image of manufactured housing.

You can get a lot more house for the same amount of money,” said Texas A&M University Real Estate Center research economist, Harold Hunt, Ph.D. And with a lot of them today, it’s hard to distinguish the inside from any other house. We’re talking about a lot more affordable housing.

From the Consumers Union, in a report from 2003, said, “Regarding differences in home price appreciation, manufactured homes sited on owned lots exhibit appreciation rates that are comparable to those of site-built homes.” 

HUDPD7RReportGraphicManufacturedHomeLivingNewsDailyBusinessNewsMHProNewsIn a HUD PD&R report, “Furthermore, several studies find no evidence of any impact of manufactured homes on the sale prices of adjacent properties (Apgar et al. 2002; Warner and Scheuer 1993; Stephenson and Shen 1997; Hegji and Mitchell 2000). Despite this evidence, community residents continue to harbor stereotypes against manufactured housing and will likely continue to appeal to local government officials to impose regulatory restrictions on such housing.”

To read the rest of that report and related, click here.

What those various industry professionals and reports reflect is this. What CoreLogic has identified, manufactured homes – along side other types of factory building – could be an important part of the solution.

As MHProNews recently reported, Amarillo has moved in the direction of manufactured housing to solve their housing crisis.  Will cities like Denver, Houston, Miami and Washington D.C. where the market prices are the highest, follow their lead? # # (News, Analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to Daily Business News on MHProNews.

 

 

 

 

 

Shipping Containers Given New Life

February 23rd, 2017 Comments off

ShippingConainerJupiterFLStAugstineRecordDailyBusinessNewsMHProNewsIn Palm Beach County, Florida, shipping containers are getting a new lease on life in a very interesting way.

The containers are being turned into what Jupiter real estate agent Rick Clegg is calling an “up cycled eco retreat,” a white, two-story house that looks like a rustic steel cabin.

I call it ‘up cycled’ because we are taking a container and repurposing it by bringing new life to it,” said Clegg.

According to the St. Augustine Record, these structures are gaining a following as part of the “tiny home movement,” where people live in smaller spaces that are typically more affordable than traditional houses.

So much of a following, that Hollywood-based builder The Container House recently built such for an out-of-town client.

ShippingContainersGivenNewLifecreditStAugustineRecord2-postedtothedailybusinessnrwsmhpronewsmhlivingnews

Rick Clegg inside of the container home. Credit: St. Augustine Record.

It looks like a regular house. You won’t see the containers. You can’t tell,” said Container House owner Rodrigo Bernstein.

It’s different, something that is not conventional.

The home was constructed from three shipping containers, has two-bedrooms, two-bathrooms and checks in at 1,000 square feet.

Bernstein says that the average cost for these modular container homes runs between $80 and $120 per square foot, in addition to costs for items such as permits and planning. He also noted, that unlike manufactured homes, his homes cannot be built and shipped.

It has to be built locally. I cannot build and ship it. It has to pass all the inspections on-site. It’s the same process as a traditional house,said Bernstein.

Just south in Miami, a company called Little River Box Co. specializes in converting shipping containers into temporary or permanent businesses, like barbershops and bars.

And it seems to be gaining in popularity, as one of the company projects involves using ten containers for a mixed-use development, with offices on the upper floor and restaurants and retail units on the lower floor.

Between the modularity and the shippability [of the containers], the sky is the limit,” said Little River Box Co. co-founder Gayle Zalduondo.

There is a lot versatility and possibilities for creativity and innovation for using containers in the construction industry,” said Ryan Anderson, a Fort Lauderdale business developer who co-founded Wyn-Box with two Miami architects. Their company also offers modular structures for housing and businesses.

ShippingContainersGivenNewLifecreditWynBox-postedtothedailybusinessnrwsmhpronewsmhlivingnews

A Wyn-Box unit. Credit: Wyn-Box.

When you tell somebody that you want to build a home out of a shipping container, and you’ve never seen one, it can sound unappealing,” said Anderson.

When someone sees a well-done project, they open their minds to the possibility … this is for someone who wants to live in something more unique and creative. This makes a little more of a statement.

The Daily Business News has covered the user of shipping containers as a housing option, as well as the “tiny house movement” recently, including the growth of modular as a solution in Sweden, and the zoning challenges that tiny homes can face. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

RC Williams, for Daily Business NewsMHProNews.

All-cash Home Sales Fall Nationally, Save Several Metros

August 19th, 2014 Comments off

pending sale  paul sakuma  AP Photo creditAccording to RealtyTrac, all-cash deals comprised 38 percent of all home sales in the second quarter of 2014, a drop from 42 percent in Q1 2014, as institutional buyers—those buying at least ten homes annually—are finding good deals drying up. They accounted for 4.7 percent of all home sales, a drop from six percent in 2013, as CNNMoney reports. The good news is that as institutional buyers leave the market, there is more room for first-time homebuyers. But with home prices up over 20 percent from 2012 historic lows, the bad news is first-timers may already be priced out of the market. MHProNews has learned over 50 percent of all home sales in Las Vegas are for cash, and the percentage is only slightly lower in Detroit, Kansas City, Philadelphia, Cleveland and New York. In the Miami metro area cash sales comprised 64 percent of all home sales. ##

(Photo credit: Paul Sakuma/Associated Press)

Realtors Say List Prices Have Increased

December 16th, 2011 Comments off

Real Estate SignsFrom Housingwire, MHPronews.com has learned that Median home list prices have risen more than four percent over last year. The National Association of Realtors reported Thursday that while list prices are up, there are distinctions to be made in different parts of the country. The median list price edged down by 1 percent or more year-over-year in 30 markets and five had declines of five percent or more. Some of the biggest increases occured in Florida communities including Miami, Naples, Fort Myers-Cape Coral and Punta Gorda. List prices in Las Vegas and California continued to lag.

(Image Credit: Eric Miller)