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Pushing Back Against NIMBYism, HUD Secretary Ben Carson, NAHB Innovative Housing Showcase, Schedule

June 5th, 2019 Comments off

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The very best way, obviously, is to address the ideological factors that are causing [prices] to rise so much,” Carson said, per the News and Observer about how to create more affordable housing. “These density and height restrictions and parking restrictions, they add to a new, single-family construction about 25% [in price] and to multifamily 32% on average. That’s a massive increase in pricing, which leaves a lot of people very distressed.”

 

Secretary Carson’s office noted in a press release that the country is far behind schedule in building new housing units.

The U.S. needs about 1.3 million new homes and 325,000 new apartments per year to keep up with population growth. But in 2018, only some 900,000 homes were started and on average only 244,000 apartments are built per year, HUD said, citing data from the National Association of Home Builders (NAHB) and the National Apartment Association (NAA).

We are working with the various local jurisdictions to remove a lot of the [regulatory] barriers,” Carson said. “That is the thing that the builders are waiting for.”

Which from the manufactured home industry perspective begs the question, has the Manufactured Housing Institute and/or the HUD staff informed Secretary Carson about the “enhanced preemption” provisions regarding manufactured homes? That’s the subject of a deeper dive, linked below.

 

HUD Secretary Ben Carson, Affordable Housing, Obscuring the Truth, Innovations in Housing, and Manufactured Homes

Part of what’s noteworthy in the above is Carson’s choice of the words, “ideological factors…” – an online dictionary, per Google, said: ideological” is an adjective that means: “based on or relating to a system of ideas and ideals, especially concerning economic or political theory and policy.”

Below is the schedule that HUD set for the Innovative Housing Showcase, per the HUD website. 

 

HUDNewsHousingUrbanDevelopmentDailyBusinessNewsMHProNews

SCHEDULE

IHS Location:

National Mall (between 4th and 7th Streets)
Washington, DC
Site Map

IHS Operating Hours:

Weekend Hours: 10am – 6pm
Weekday Hours: 9am – 6pm

IHS Schedule:
(Last updated 6/5/2019 – Dates and times are subject to change.)

 

Saturday, June 1 – General Public Day

10:00 AM – 6:00 PM

 

Exhibitor Homes and Booths Open to Public

 

 

10:00 AM – 10:15 AM

 

Welcome

 

HUD Secretary Ben Carson

 

10:30 AM – 11:15 PM

 

Panel: Beyond the Prototypes – Meet the Exhibitors Part 1

 

Moderator: Denise Dersin (Professional Builder Magazine)

Panelists: Boxabl,

Ducky Johnson,

MinMax Spaces,

PRESCIENT,

Skyline Champion

 

11:30 AM – 12:30 PM

 

Tunneling Presentation

 

 

Description: IHS brings together a collection of innovative companies to display new building technologies and housing solutions that are addressing affordability and resiliency. Meet our exhibitors and learn more about the housing prototypes and materials they are displaying on the National Mall. Exhibitors for this presentation will include Boxabl, Ducky Johnson, MinMax Spaces, PRESCIENT, and Skyline Champion.

 

1:00 PM – 1:45 PM

 

On-Stage Interview with Zack Gillin, Tiny House Nation

 

Interviewer: Denise Dersin, Professional Builder Magazine

 

2:00 PM – 3:00 PM

 

Panel: Many Problems, Mini Solutions

 

Moderator: Zack Giffin, Tiny House Nation

Panelists: Elizabeth Singleton (Build us HOPE),

Andrew Bennett (Core Housing Solutions), and

Alexis Stephens (Tiny House Expedition)

 

Description: Tiny homes: they’re all the rage right now, but what really goes into the building process, and how can this trend be used to reach its full potential? Experts in tiny-home building will discuss the process of producing these structures, and how tiny homes can be an innovative solution to a wide range of housing needs. Exhibitors for this presentation will include Build us HOPE, Core Housing Solutions, and Tiny House Expedition.

 

3:15 PM – 3:45 PM

 

Panel: Beyond the Prototypes – Meet the Exhibitors Part 2

 

Moderator: NAHB Chairman Greg Ugalde

Panelists: indieDwell,

NUCA,

Oak Ridge National Laboratory,

Piedmont Green,

CAVCO

 

Description: IHS brings together a collection of innovative companies to display new building technologies and housing solutions that are addressing affordability and resiliency. Meet our exhibitors and learn more about the housing prototypes and materials they are displaying on the National Mall. Exhibitors for this presentation will include indieDwell, NUCA, Oakridge Lab, Piedmont Green, and CAVCO.

 

3:45 PM – 4:00 PM

 

Closing Remarks

 

NAHB Chairman Greg Ugalde

 

Sunday, June 2 – State and Local Government Day

10:00 AM – 6:00 PM

 

Exhibitor Homes and Booths Open to Public

 

 

11:00 AM – 12:00 PM

 

Panel: The Ins and Outs of Innovation

 

Moderator: Lorraine Woellert (POLITICO)

Panelists: Mike Luzier (Home Innovation Research Lab),

Jeff Rumer (National Utility Contractors Association)

 

Description: Two leaders in innovative building technologies and processes, the Home Innovation Research Lab (HIRL) and the National Utility Contractors Association (NUCA), bring their leadership to discuss the future of home building. Michael Luzier of HIRL and Jeff Rumer of NUCA – two groups that are the frontline of innovation – will discuss building material testing and trenchless technology.

 

1:30 PM – 2:30 PM

 

Panel: Local Solutions to Housing Challenges

 

Moderator: Laura Kusisto (Wall Street Journal)

Panelists: Commissioner Sheila Kiscaden (Olmsted County, Minnesota),

Daria Daniel (National Association of Counties),

William Doerner (Prince George County, MD Planning Board and Economist at FHFA)

 

Description: States and local governments are taking action to boost housing in their communities. From affordability to availability, production to preservation, this panel will discuss the increasing level of activity happening in housing at the state and local level, as well as the regulatory barriers that impede the construction of affordable housing.

 

 

Monday, June 3 – Federal Government Day

9:00 AM – 6:00 PM

 

Exhibitor Homes and Booths Open to Public

 

 

10:00 AM – 10:10 AM

 

Welcome and Introductory Remarks

 

HUD Secretary Ben Carson

 

10:10 AM – 10:30 AM

 

Opening Remarks

 

USDA Secretary Sonny Perdue

 

10:45 AM – 11:30 AM

 

Remarks

 

FHFA Director Mark Calabria

 

12:30 PM – 1:00 PM

 

Remarks

 

FEMA Acting Administrator Pete Gaynor

 

1:15 PM – 2:15 PM

 

Panel: Innovations in Disaster Recovery and Mitigation

 

Moderator: Stephen Jordan, (Institute for Sustainable Development)

Panelists: Mike Hernandez (Fannie Mae),

Janet Golrick (HUD),

Roderick Scott (Ducky Johnson House Lifting).

 

Description: Featuring federal leaders in disaster recovery and housing, a Showcase exhibitor specializing in pre-disaster housing mitigation, and the Institute for Sustainable Development, this panel will discuss post-disaster housing issues, the value of mitigation, and why continuous improvement in housing innovation is vital for the nation’s risk management agenda. Participants include Mike Hernandez (Fannie Mae), Janet Golrick (HUD), Roderick Scott (Ducky Johnson House Lifting).

 

3:00 PM – 3:30 PM

 

Remarks

 

HUD Acting Deputy Secretary Brian Montgomery

 

4:00 PM – 4:45 PM

 

Remarks

 

Under Secretary of Energy Mark Menezes

 

Tuesday, June 4 – Capitol Hill Day

9:00 AM – 6:00 PM

 

Exhibitor Homes and Booths Open to Public

 

 

10:00 AM – 10:15 AM

 

Opening Remarks

 

NAHB Vice Chairman Dean Mon

 

10:30 AM – 11:15 AM

 

Panel: Fostering Innovative Technology

 

Moderator: Christopher Bourne (HUD Office of Innovation)

Panelists: Carlos Martin (Urban Institute),

Andrew McCoy (Virginia Tech),

Michael Luzier (Home Innovation Research Lab),

Dr. Theresa Weston (DuPont)

 

Description: The Fostering Innovative Technology panel announces the publication of HUD’s Office of Innovation report, “Building Even Better Homes: Strategies for Promoting Innovation in Home Building.” The panel will discuss the current state of innovation within the home building industry and ways in which government, academia and industry can work together to enable more innovation in housing.

 

11:30 AM – 12:15 PM

 

On-Stage Interview

 

Moderator: Katy O’Donnell (POLITICO)

Participants: Rep. Wm. Lacy Clay (D-MO)

Rep. Sean Duffy (R-WI)

 

1:45 PM – 2:30 PM

 

Panel: The Impact of Housing Policies

 

Moderator: Katy O’Donnell (POLITICO)

Panelists: Caitlin Walter (National Multifamily Housing Council),

Todd Richardson (HUD Office of Policy Development and Research),

Robert Dietz (NAHB’s Chief Economist)

 

Description: Panelists from HUD’s Office of Policy Development and Research, National Association of Home Builders, and the National Multifamily Housing Council will discuss how housing policies impact affordability across different markets. The panelists will also discuss new research that is critical to informing housing policy and influential in the field. Panel moderated by Katy O’Donnell of POLITICO.

 

4:00 PM – 4:20 PM

 

Closing Remarks

Wednesday, June 5 – Industry Day

9:00 AM – 6:00 PM

 

Exhibitor Homes and Booths Open to Public

 

 

10:00 AM – 10:15 AM

 

Opening Remarks

 

HUD Acting Dep. Secretary Brian Montgomery

 

10:30 AM – 11:15 AM

 

Fireside Chat

 

HUD Secretary Ben Carson,

Ankur Jain, Founder and CEO of Kairos

Moderator: Avik Roy, Policy Editor, Forbes; President & Co-Founder, The Foundation for Research on Equal Opportunity

 

11:30 AM – 12:30 PM

 

Panel: Holistic Housing for Veterans

 

Moderator: Kayla Williams (Center for a New American Security)

Panelists: John Boerstler (NextOp),

Dr. Keith Harris (Veterans Health Administration),

Taryn Patterson (Leading Age Maryland),

Dylan Tête (Bastion)

 

Description: Supportive housing programs that are person-centered and trauma-informed incorporate a holistic approach to the provision of services that promote the dignity, strength, and empowerment of trauma survivors. By incorporating neighbor-to-neighbor social capital exchange and knowledge about the role of trauma in individuals’ lives into programs, policies, and procedures, supportive housing can facilitate transformative gains that lead to increased social connectedness, economic empowerment, and housing stability. Through this case study of an innovative and award-winning veteran housing development in New Orleans, participants will hear examples of how Bastion Community of Resilience is using this approach to reintegrate military veterans who have experienced trauma.

 

1:00 PM – 1:15 PM

 

Remarks

 

Senator Marsha Blackburn

 

1:30 PM – 2:00 PM

 

Panel: Keeping Up With the Codes

 

Moderator: Sara Yerkes (International Code Council)

Panelists: Ken Bland (American Wood Council)

David Pereg (International Codes Council Evaluation Service)

Neil Burning (International Codes Council)

 

Description: Construction codes are good and necessary – but not everything is in the codes, especially innovative technologies and techniques. As leaders in the field of innovation, panelists from the American Wood Council and Home Innovation Research Lab talk about the processes to getting their products included in the codes.

 

2:15 PM – 3:00 PM

 

Panel: Real Estate Realities – The Next 10 Years

 

Moderator: Diana Olick, CNBC

Dr. Robert Dietz (NAHB Chief Economist),

Mark Richardson (Professional Remodeler),

Terry Horton (D.R. Horton and Horton World Solutions)

 

3:15 PM – 4:00 PM

 

Closing Remarks

 

HUD Secretary Ben Carson

NAHB CEO Jerry Howard

 

##

 

As this goes to a core issue relating to manufactured housing, there will be more about this in perspective in the days ahead. 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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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:

8 Months of Declining Year-Over-Year HUD Code Manufactured Home Production – When Will Manufactured Housing Institute Act?

 

Key to Unlocking Door for More Manufactured Home Sales, Professor Lisa Tyler’s Valuable Research

Tent Cities, Homelessness, Crime, Disease, Affordable Housing, and Manufactured Homes

HUD Secretary Ben Carson tours Innovative Housing Showcase on National Mall in Washington, D.C.

https://manufacturedhousingassociationregulatoryreform.org/mharr-launches-fighting-discriminatory-zoning-mandates-manufactured-housing-project/

 

 

 

 

 

National Association of Home Builders Co-Hosting HUD Innovative Housing Showcase

April 30th, 2019 Comments off

NAHBlogoNationalAssocHomeBuilderHUDLogoInnovativeHousingShowcaseWashJune1-52019ManufacturedModularHousingMHProNews

The Manufactured Housing Institute (MHI) missed touting Earth Day.

Thanks to some forward-looking MHI members, the Arlington, VA based trade group has been dragged into the Innovative Housing Showcase.  See those insights further below the byline and notices.

 

Yesterday, HUD announced in a release to the Daily Business News on MHProNews that the National Association of Home Builders (NAHB) would be co-hosting their event with HUD.

What follows is the bulk of their release.

 

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

National Association of Home Builders to
Co-Host 
HUD Innovative Housing Showcase

WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department’s inaugural “Innovative Housing Showcase.” The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019, to educate policy makers and the broader public on the new housing innovations and building technologies that are helping address the affordable housing challenges across our country.

“We’re thrilled to have the National Association of Home Builders co-host this Showcase,” said Secretary Ben Carson. “It’s important we highlight these new building technologies that are answering the call for more affordable, durable housing options for families across America.”

“The housing affordability crisis is affecting both builders and consumers nationwide. We are honored to be co-hosting this event with HUD as we work together to find solutions to this growing problem. “ said Greg Ugalde, chairman of the National Association of Home Builders.

The Showcase will highlight various solutions that could make housing more affordable for American families and more resilient during natural disasters.

###

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

 

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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:

You can click on the image/text boxes

HUD Secretary Carson to Host Innovative Housing Showcase Featuring Affordable Housing Solutions

“Less Waste, Better Buying” – Earth Day and Manufactured Housing Image-Building

 

 

 

 

 

Housing Economists Projections from NAHB, CoreLogic, Nationwide, and MHVille

February 27th, 2019 Comments off

 

HousingEconomistsProjectionsFromNAHBCoreLogicNationwideandMHVilleManufacturedHousingDailyBusinessNewsMHProNews

There has been scuttlebutt among talking heads in media about a looming recession for months.  People with the ‘right’ credentials are asked, and they soberly express their opinions – which they are entitled to – as to why they think that a recession is looming.  MHProNews has pushed back against that claim editorially, but the question remains, are those sources that warn of recession right or wrong?

 

Depending on the reporter or anchor involved in such an interviews with ‘experts,’ there may or may not be an obvious follow up question to their claims of a looming recession in the U.S.  The media follow up question should go something like this: ‘Given how strong the economy is now, based upon a raft of largely positive economic data, how is it possible that a recession would hit the U.S. so quickly?’

Just a few bullets.

 

1)    A record number of Americans are at work.

2)    Consumer confidence is near record highs.

3)    Small business confidence is also near historic records.

4)    A record number of jobs are open in the U.S.

5)    The Federal Reserve data, plus other economic indicators, suggest that for the foreseeable term, the economy has no apparent risk of recession, barring an unexpected cataclysm of some kind.

 

With those points in mind, let’s turn to a recent report by the OC Register, which interviewed various officials at a recent builders conference.  Their headline reads “Recession Not Likely Before 2021, Housing Economists Say.”

At a recent National Association of Home Builders (NAHB) conference 3 economists weighed in on this specific topic of an alleged looming recession, says the OC Register.  The bullets below are from their recent report.

  • This expansion will come to an end,” said David Berson, chief economist for Nationwide Insurance. But, he added, “the odds of a downturn in the next year are pretty low.”
  • Berson said the next recession probably won’t begin until late 2021 or 2022.
  • Frank Nothaft, chief economist for Irvine-based real estate data firm CoreLogic, said the risk of a possible recession likely will be high toward the end of 2020 and even higher in 2021 — after the next presidential inauguration.
  • After going up 3 percent in 2018, the NAHB predicts single-family home starts will increase 2 percent this year and an additional 4 percent to 928,000 detached houses in 2020.
  • The slowdown in immigration and the weakness in recruiting young Americans to the construction sector has contributed to a labor shortage that persists and continues,” the NAHB’s Dietz said. “Right now … we’re short more than 300,000 construction workers in the U.S.”
  • I think affordability is going to be the key issue (in how) housing advocates view the housing market in 2019,” Dietz said.

These bullets and factoids ought to spell boom times for manufactured housing.  So why is the industry struggling to achieve a mere 100,000 new homes?

Since the Manufactured Housing Institute (MHI) claims to represent all segments of factory-built housing, do they bear any accountability for the poor results?

How does one explain the bonuses paid to top MHI staffers, give the association’s failure to achieve the 500,000 new home shipments that President and CEO, Richard ‘Dick’ Jennison said could be achieved?

 

 

Road Blocks are Post-Production Ones, Says MHARR

The Manufactured Housing Association for Regulatory Reform (MHARR) routinely cites facts – confirmed by third-party, and HUD research, that HUD Code manufactured housing builders are producing the industry’s best homes ever.  The problems, says MHARR, are coming from the post-production sector.

The issues including zoning and placement issues.

A new report, shown from the linked text-image box below, reflects a publicly undisputed troubling fact.  MHI on several test checks made in recent years by MHProNews has not contacted – much less intervened – several of the zoning and placement challenges that are increasingly impacting manufactured housing.

Why not?

The key phrase from a longer message by an MHI member-affiliate attorney told MHProNews on 2.25.2019, the following, “…For Clearlake [CA] however as a government entity, it should not have different standards for MH than stickbuilt for its code, since the whole idea of federal HUD preemption is to prevent unreasonable discrimination in land use and building standard decisions respecting manufactured housing.”

That report is the first of several related topics that are linked below the bylines and notices.

That’s manufactured housing “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, commentary.)

 

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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:

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

 

Dramatic Reversal, City Passes Urgency Ordinance Effectively Banning Manufactured Homes, Front & Back Stories

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Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

“Washington Post Article Underscores Clear Need for An Independent Post-Production Association”

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

 

 

Builder Confidence Drops, Post Midterms, Affordability Concerns Rise

November 20th, 2018 Comments off

BuilderConfidenceDropsPostMidtermsAffordabiltyConcernsRiseDailyBusinessNEwsMHProNews

Growing affordability concerns resulted in builder confidence in the market for newly-built single-family homes falling eight points to a level of 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), writes Robert Dietz  In a release to the Daily Business News on MHProNews. “Despite the sharp drop, builder sentiment still remains in positive territory. Builders report that they continue to see signs of consumer demand for new homes but that customers are taking a pause due to concerns over rising interest rates and home prices.”

 

In a separate video aimed more to their own members, NAHB also spends about 15 minutes focusing on the impact of the 2018 midterms on the housing market, which in turn influences builder confidence. So, the NAHB quotes above and below are more geared to the general population.

NAHBWellsFargoHousingMarketIndexOct2018DailybusinessNewsMHProNEws

 

For the past several years, shortages of labor and lots along with rising regulatory costs have led to a slow recovery in single-family construction. While home price growth accommodated increasing construction costs during this period, rising mortgage interest rates in recent months coupled with the cumulative run-up in pricing has caused housing demand to stall. As a consequence, builders have adopted a more cautious approach to market conditions.”

 

HousingAffordablitiyNAHBOct2018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

The decline of builder confidence should be noted by policymakers. Recent statements on economic conditions have lacked commentary on housing, even as housing affordability has hit a 10-year-low. Given that housing leads the economy, policymakers need to focus more on residential market conditions,” said the NAHB.

 

NAHBTweet30000ConstructionSectorJobs330000AddedLast12MonthsConstructoinEmploymentYoYOct2017to2018

 

The MHVille Takeaways?

HUD Code manufactured housing ought to be surging, not snoozing, in the light of data like this.  This is yet another not-to-be-ignored statistical evidence that manufactured housing’s post-production leadership continues to fail small-to-mid-sized firms.

 

National New HUD Code Manufactured Home Production Data Summary, September 2018 Analysis

 

See related reports, linked above and further below. That’s “Industry News, Tips, and Views Pros Can Use,”  © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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

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3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

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.

 

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4 Concerns of Homebuilders Have Impacting Every American

March 20th, 2018 Comments off

CoupleDiningRoomLaptop4ConcernsHomebuildersHaveImpactingEveryAmericanDailyBusinessNewsMHProNews

PwC Partner Mitch Roschelle says that homebuilders’ optimism is retreating. Roschelle cites among the factors behind the decline – land, labor and lumber – which could affect every American who owns or rents a house.

 

You could add one more “L” to Roshelle’s list, LIBOR.

LIBOR is a benchmark rate, which some of the world’s leading banks charge each other for short-term loans. It stands for London Interbank Offered Rate, and serves as a first step to calculating interest rates on various loan products throughout the world.

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) tells MHProNews that their builder sentiment gauge fell to 70, the lowest reading since last November.

NAHBWellsFargoHousingMarketIndexManufacturedHousingIndustryDailyBusinessNewsMHProNews

Builders’ optimism continues to be fueled by growing consumer demand for housing and confidence in the market,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, LA. “However, builders are reporting challenges in finding buildable lots, which could limit their ability to meet this demand.”

NationalAssocHomeBuildersNAHBlogoMultiFamilySingleFamilyDailyBusinessNewsMHProNews

A strong labor market, rising incomes and a growing economy are boosting demand for homeownership even as interest rates rise,” said NAHB Chief Economist Robert Dietz to the Daily Business News. “With these economic fundamentals in place, the single-family sector should continue to make gains at a gradual pace in the months ahead.”

FramingLumberPricesNationalAssocHomeBuildersDailyBusinessNewsMHProNews

Problems for Stick-Builders Could be Good News for Manufactured Housing…

Producers tell MHProNews that when components like steel, aluminum or lumber rise for conventional builders, even though it goes up for factory builders too, they increase is often less steep. Bulk purchase buying power is one reason for the advantage.

Less waste in the building process is another.

Manufactured housing sales have risen steadily since it hit its all-time low in 2009.

2008to2017HUDCodeManufacturedHomeProductionTotalsMHARRManufacturedHousingAssocReglatoryReformDailyBusinessNewsMHProNews

In spite of the obvious price and other advantages that manufactured housing has over conventional builders, the industry has still lagged behind.

The causes for that lag have been explored in other reports, including the analysis sparked by the Urban Institute’s report on manufactured housing. ## (News, analysis, and commentary.)

Related:

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

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Reaching for the Sky, Multiple Level HUD Code Manufactured Homes

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Home Builder Report Released, Single Family Home Market Insights

October 17th, 2017 Comments off

BublbeBuildingsPixabayDailyBusinessNewsMHProNewsBuilder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI),” the NHAB told MHProNews.

This is the highest reading since May, and you have to go back to October 2005 to find the same reading for this month.

This month’s report shows that home builders are rebounding from the initial shock of the hurricanes,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

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Granger MacDonald, chair of the National Association of Home Builders (NAHB). Credit, Builder Magazine.

However, builders need to be mindful of long-term repercussions from the storms, such as intensified material price increases and labor shortages,”  the NAHB release said.

It is encouraging to see builder confidence return to the high 60s levels we saw in the spring and summer,” said NAHB Chief Economist Robert Dietz.

With a tight inventory of existing homes and promising growth in household formation, we can expect the new home market continue to strengthen at a modest rate in the months ahead,” per Dietz.

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The manufactured housing industry currently has no similar research, but the Manufactured Housing Association for Regulatory Reform (MHARR) publishes the results of the monthly new home shipment reports.  Their most recent report, is linked here.

MHARR encourages widespread sharing of their reports, while by contrast, the Manufactured Housing Institute (MHI) places a copyright and wants their reports reprinted only with “expressed written permission.”

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Fortunately, trade media such as MHProNews are allowed by law what’s known as “fair use” which allows republishing without permission for the purposes of analysis, and other guidelines approved uses.

NAHB Methodology

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index [HMI] gauges builder perceptions of current single-family home sales and sales expectations for the next six months,” they stated, using a simple “good,” “fair” or “poor”  rating.

NAHBWellsFargoHousingMarketIndexNewSingleFamilyHomeStartsDailyBusinessNewsMHProNews

The NAHB survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.”

Scores for each component are then used to calculate a seasonally adjusted index, and any number over 50 indicates that more builders view conditions as good than poor. Against that understanding, all three HMI components posted gains in October.

They trade group also stressed that, “The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public.” Reports unfiltered by special interests?  What a concept. ## (News, analysis, commentary.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

What Makes a “Worst Case” Renter? What’s Happening in Washington to Address Their Needs?

August 16th, 2017 Comments off
WorstCaseHousingNeeds2017ReportCoverCreditsHUDDailyBusinessNews

Featured image credit, HUD.

The nation lacks enough affordable housing for hard-working families,” said Granger MacDonald, chair of the National Association of Home Builders (NAHB).

As was previously reported at this link here, “Worst Case Housing Needs 2017 Report to Congress” was recently released by the Department of Housing and Urban Development (HUD).  It further confirms that affordable housing is increasingly out of reach for millions of renters in the United States.

The report found that 8.3 million households are now considered “worst case” renters.

HUD defines “worst case” renters as those who:

  • are very-low income, anyone making less than half of their areas median income;
  • with little or no rental assistance or subsidies;
  • who are either paying more than half their income on rent; and/or
  • are living in substandard housing.
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Illustration of problematic housing provided by MHProNews.com.

The places in the U.S. with the highest number of “worst case” renters are:

  • New York metropolitan area (815,000 renters)
  • Los Angeles metropolitan area (567,000 renters)
  • Chicago metropolitan area (242,000 renters)
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Worst Case Housing Needs growth chart. Credit, Washington Post.

The new report from HUD showing that more than 8.3 million very-low-income households spend more than half their income on rent or live in substandard housing is a painful reminder of the acute affordable housing crisis confronting our nation,” said MacDonald.

While the information in the HUD report is gathered from 2015 American Housing Survey data, it falls right in line with other recent reports on the increasing cost of rental housing.

The Daily Business News recently reported that increased rental rates are pricing people out of their homes.

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Dr. Ben Carson, HUD Secretary, official photo.

Two years ago, our nation was still feeling the aftershocks of our housing recession with rents growing faster than many families’ incomes,” said HUD Secretary Ben Carson.  “After years of trying to keep up with rising rents, it’s time we take a more holistic look at how government at every level, working with the private market and others, can ease the pressure being felt by too many un-assisted renters.  Today’s affordable rental housing crisis requires that we take a more business-like approach on how the public sector can reduce the regulatory barriers so the private markets can produce more housing for more families.”

At 8.3 million very-low income households this is the second-highest number of “worst case” renters ever recorded by HUD. This issue spans across all demographics and regions, affecting individuals and families across the U.S.

Solutions are Plentiful, but the Obvious is Overlooked

With the affordable housing crisis only getting worse as time goes on a solution needs to be found.

There are a number of things the report suggests could be contributing to the increase in “worst case” renters including,

  • Increased competition for a shrinking supply of affordable housing,
  • The increasing number of people in need of rental assistance,
  • The availability of assistance on a federal level,
  • And increased rents and decreased homeownership.

Some observers believe that Congress, the Trump Administration, and HUD are all taking different approaches to the question of how best to provide worst case renters with relief, and possibly a better road to affordable homeownership.

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Overlooking the obvious. Credits are as shown, collage by MHProNews.com.

According to RIS Media, HUD says the Trump Administration is “seeking to stimulate the production and preservation of affordable housing…by pursuing housing finance reform [to] unwind the federal government’s role in the private mortgage market and ease the stress on rental markets.”

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Overlooking the obvious. Credits are as shown, collage by MHProNews.com.

A previous Daily Business News article featured a Fox News interview with HUD Secretary Ben Carson in regards to HUDs hopes to increase affordable housing opportunities.

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Another recent article takes a look at the back-and-forth between Congress and the Federal Housing Finance Agency on when new credit score policies should be put in place for prospective homebuyers.

Other efforts by Congress include the “Affordable Housing Credit Improvements Act of 2017”, which the National Association of Home Builders has urged them to pass.

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From the Government Accountability Office’s report on manufactured housing. Click the graphic above to download.

According to Mortgage News Daily the American Housing Credit Improvements Act would, “amend the Internal Revenue Code, renaming the Low-Income Housing Tax Credit as the “the affordable housing credit” and increasing state allocations for the credit and the cost-of-living adjustments.  It also revises the average income test for tenant eligibility requirements, and other requirements such as income eligibility for rural projects, increased tenant income, student occupancy rules, and tenant voucher payments that are considered rent.” 

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Granger MacDonald, chair of the National Association of Home Builders (NAHB). Credit, Builder Magazine.

The bill also would also seek to make more affordable housing available through the following concessions to builders, developers, and property owners:

  • Establishes a 4% minimum credit rate for certain projects,
  • Permits relocation costs to be counted as rehabilitation expenditures,
  • Repeals the qualified census tract population cap,
  • Requires housing credit agencies to make certain determinations regarding community revitalization plans,
  • Prohibits local approval and contribution requirements,
  • Increases the credit for certain projects designated to serve extremely low-income households and for certain bond-financed projects designated by state agencies,
  • Increases the population cap for difficult development areas, and
  • Eliminates the basis reduction for affordable housing properties that are allowed the credit and receive certain energy-related tax credits and deductions.

The bill also “modifies requirements regarding the reconstruction or replacement period after a casualty loss, rights related to building purchases, the prohibition on claiming acquisition credits for properties placed in service in the previous 10 years, foreclosures, and projects that assist Native Americans.”

In support of the bill, NHAB’s MacDonald testified in front of the Senate Finance Committee earlier this month.

Fees, regulatory compliance, modern building and energy codes, building materials, land and labor costs determine whether a project is financial viable,” said MacDonald. “If we want to provide affordable rental housing for lower-income households, we cannot do so without a subsidy.”

Why Are so Few in D.C. Talking About the Manufactured Housing Solution?

There is a relative lack of discussion in Washington, D.C. about manufactured housing as a solution to the affordable housing crisis.  Yes, there is MHI’s Preserving Access, and Duty To Serve (DTS), or a steady stream of comments from MHARR.

But what about the voices beyond our industry, or in addition to those who are getting PAC dollars to lobby for a bill?

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Rev. Donald Tye, Jr. Tye and his family have extensive experience with factory built homes, and they are pro-manufactured homes and the opportunities they provide to people from all backgrounds and income levels.

As we think about housing in today’s world, the most important aspect should start with affordability. When home ownership is affordable, it has ancillary benefits,” said actively retired businessman, minister, and MH advocate Donald Tye, Jr.

It’s a fact that manufactured and even modular housing can both be built at a fraction of the cost of conventionally built housing – for both single-family and multi-family residences.

The issues that MacDonald suggested cannot be overcome without a subsidy, including…

  • Building materials
  • Labor costs
  • Regulatory compliance
  • Modern building and energy codes

…can all be accomplished more affordably through manufactured housing.

While improving circumstances for renters is important, creating a more realistic path to homeownership – which has been harmed since the implementation of Dodd-Frank – will, say industry voices, be more beneficial in the long run.

As Tye said, homeownership has ancillary benefits – but only when it’s affordable.

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Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem,” said millennial Lindsey Bostick, to our sister publication MHLivingNews.

Manufactured housing is more affordable, more reliable, and quicker to build. Similarly, modular housing presents the opportunity to create rental apartments at a much lower cost compared to building a new conventional building.

Today’s manufactured homes can look and live like a conventional, site-built house, and can be half the price of new construction. Additionally, many manufactured homes are Energy Star rated, so they are more efficient than older, existing homes,” the university-graduated Bostick said.

Cities like

are turning to manufactured and modular housing as a more affordable alternative.

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They all realized that the best way to combat the affordable housing crisis is to build more affordable housing, rather than searching for subsidies and other changes that after decades of ever more costly efforts have proved elusive.


Will Congress, the Trump Administration or HUD come together in favor of the solution that is sitting in front of them, waiting to be utilized? ##  (News, analysis.)

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

 

 

The Latest Report on Credit Scores; and What It Means

May 30th, 2017 Comments off

CreditScoresWhichWayManufacturedHousingIndustryMHProNewsNew numbers out show that under the guidance of the Trump Administration, the nation’s economy is finally recovering from the recession.

According to the Daily Caller, Americans credit scores notched a record high this spring in conjunction with a decline in the share of U.S. consumers that are deemed to be high-risk borrowers. The average credit score hit 700 in April, the highest level since 2005. Also of note, the number of customers classified as the riskiest borrowers with a credit score below 600 make up just 20 percent of borrowers. This number is down from 25.5 percent seven years ago.

Additionally, about 6 million Americans will have bankruptcies removed from their credit scores within the next half decade, according to a report from Barclay’s PLC.

The increased scores represent reflection of the improving U.S. economy and a sign that customers are recovering from the housing crisis.

 

Progress…and Challenges?

JobsReportattheStartoftheTrumpEconomycreditCNSNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

A look at the progress of the Trump Administration. Credit: CNS News.

Per Newsmax, there is some concern among economists that old spending habits are coming back, but the economy is in much better shape and home loans are not being handed out like so much free candy, which was the bane of the Great Recession.

Some of us are worried that consumers are going back into old habits, but the U.S. consumer is in a much different position before the financial crisis and even before in the late 1990s,” said Ryan Sweet, an economist with Moody’s Analytics.

An important question is also posed: are consumers getting into the kinds of debt trouble that lead to recessions?

Consumers now owe roughly $12.73 trillion to banks and other lenders for mortgages, car loans and credit card spending, according to the New York Federal Reserve. That exceeds even the total before the last financial crisis.

While economists feel that a consumer’s willingness to borrow is good, as it shows their confidence in their financial future, economists also see three main stress points: auto loans, credit cards and — to a greater extent but for different reasons — student loans.

If it’s not a tool you can use to build stability and long-term net worth, debt leads to more problems than it can solve,” said Todd Christensen, a credit counselor with the nonprofit organization Debt Reduction Services.

 

What Does This Mean for “Generation Buy?”

GenerationBuyMillennialsandHomeOwnershipcreditDailyCaller-postedtothedailybusinessnewsmhpronewsmhlivingnews

Avocados stopping home buying? Credit: Daily Caller.

Research from the National Association of Homebuilders (NAHB), the National Association of Realtors (NAR), and others, shows that millennials are likely to continue having trouble coming up with a down payment for a site-built home largely because of student debt.

This provides a huge opportunity for the manufactured housing industry to position itself as a viable option.

Many of the challenges and desires of millennials read like a list tailor-made for modern manufactured homes. Greener, more affordable, a choice of sizes, styles and customizable floor plans.

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Johnathan Smoke. Credit: Move.com.

Millennials “represent an ‘Oh, shift’ moment in housing,” said Jonathan Smoke, chief economist for Realtor.

Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem,” said millennial Lindsey Bostick of Bostick Homes.

Bostick has lived in several kinds of housing, and now is a manufactured homeowner herself, so she knows.

LindseyBostickSunshineHomesManufacturedHomes-ManufacturedHousingIndustryNewsMHProNews

Image credits, Lindsey Bostick, Inside MH Road Show, home photo, Sunshine Homes and ManufacturedHomes.com.

Today’s manufactured homes can look and live like a conventional, site-built house, and can be half the price of new constructionAdditionally, many manufactured homes are Energy Star rated, so they are more efficient than older, existing homes,” the university-graduated Bostick said.

For more on millennials and their desire for quality, affordable housing, click here. ##

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

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

New Data from NAHB on Cash Sales for Homes

May 5th, 2017 Comments off
NewDatafromNAHBonCashSalesforHomescreditNAHBMPAMagMarletteHomes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Manufactured Housing: a “front and center” solution. Credits: NAHB, MPA Mag, Marlette Homes.

New information from the National Association of Home Builders (NAHB) shows an interesting dynamic taking place with cash sales for homes.

According to MPA Page, NAHB’s analysis of recent census date showed that cash sales accounted for only 4.7 percent of new home sales, down from a peak of 9.5 percent in Q4 of 2014. The marks the lowest level since 2010.

By comparison, conventional mortgages were the dominant financing source for new home sales, coming in at 72.5 percent, the second-highest share since Q4 of 2014.

In an interesting note, the National Association of Realtors (NAR) noted that, despite the small percentage of cash finances in new home sales, a large share of existing homes are sold for cash.

In February 2017, cash sales made up 27 percent of existing home sales – the highest level since November of 2015.

NewDatafromNAHBonCashSalesforHomescreditBuyingBedfordRealEstate-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Buying Bedford Real Estate.

Other data from the NAHB report showed that FHA loans placed second behind conventional loans at 14.8 percent, followed by VA-backed home sales with 8.1 percent.

In the period between the 2001 financial crisis and the recession in 2008, VA loans averaged just 2.9 percent, but increased significantly to 9.3 percent on average after the recession in 2009.

 

Opportunities for Manufactured Housing Abound

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Credit: MHLivingNews.

As the Daily Business News has reported prior, the traditional housing sector remains constrained by a dearth of properties available for sale.

Builders have cited a range of problems including shortages of labor and land as well as rising material prices. A recent survey showed that homebuilder confidence slipped in April from a near 12-year high in March.

The Daily Business NewsMHProNews and MHLivingNews continue to make the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

The myths, and the facts surrounding manufactured housing abound. To learn more, including why manufactured housing is the solution hiding in plain sight for many to achieve the American Dream, click here. ##

 

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

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Rise and Fall – NAHB March Housing Report

April 20th, 2017 Comments off
NAHB Logo

Credit: NAHB.

New data in from the National Association of Homebuilders (NAHB) shows that homebuilding in the U.S. fell in the month of March, recording its biggest decline in three years.

According to the St. Louis Dispatch, housing starts declined 6.8 percent to a seasonally adjusted annual rate of 1.22 million units. February housing starts were revised up, to a 1.30 million-unit pace. Starts were previously reported at a 1.29 million-rate.

Single-family homebuilding dropped 6.2 percent to 821,000 units, with starts in the Midwest seeing their biggest drop (25 percent) since January 2014.

Economists polled by Reuters had forecast groundbreaking activity falling to a 1.25 million-unit pace last month. Homebuilding was up 9.2 percent compared to March 2016.

The report cites that unseasonably warm temperatures boosted construction in February, and a drop in temperatures, along with storms in the Northeast and Midwest, could have contributed to the drop in March homebuilding numbers.

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Credit: Men of Value.

Overall, single family home starts in the Northeast remained unchanged while they rose 3.2 percent in the South, but fell 5.5 percent in the West. Starts for multi-family housing dropped 7.9 percent to a 394,000 unit-pace.

As the Daily Business News has reported prior, the traditional housing sector remains constrained by a dearth of properties available for sale.

Builders have cited a range of problems including shortages of labor and land as well as rising material prices. A recent survey showed that homebuilder confidence slipped in April from a near 12-year high in March.

The Daily Business NewsMHProNews and MHLivingNews have covered the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

The myths, and the facts surrounding manufactured housing abound. To learn more, including why manufactured housing is the solution hiding in plain sight for many to achieve the American Dream, click here. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.