Posts Tagged ‘nation’

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

March 1st, 2018 Comments off


It’s a threat to this industry, and the majority of Americans, unlike any the U.S. has experienced before.


Who says?


The Nation,’ a self-described progressive publication in a series of reports on monopolies that specifically mentions manufactured housing, and Warren Buffett’s brands.

But as other reports linked reflect, this isn’t a left-right issue.  It entirely non-partisan.  What makes the Nation’s take on this particularly interesting is precisely because Buffett touts progressive views.


Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources.  The Nation graphic is just below the Atlantic, near the left center of the image above.


Buffett makes no secret of his fondness for monopoly. He repeatedly highlights the key to his personal fortune: finding businesses surrounded by a monopoly moat, keeping competitors at bay. “[W]e think in terms of that moat and the ability to keep its width and its impossibility of being crossed,” Buffett told the annual Berkshire Hathaway meeting in 2000. “We tell our managers we want the moat widened every year.””


Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…


That’s a very similar point raised by MHProNews on our ongoing series of reports on the Berkshire Hathaway, Buffett’s “the Moat,” and the video interview with Kevin Clayton, where Clayton Homes CEO speaks about the moat and allegedly anti-competitive practices freely several times during the 57 minute video.



America isn’t supposed to allow moats, much less reward them,” writes David Dayen in The Nation special report.

Our economic system, we claim, is founded on free and fair competition. We have laws over a century old designed to break up concentrated industries, encouraging innovation and risk-taking. In other words, Buffett’s investment strategy should not legally be available, to him or anyone else.”

The Nation is making a point that the problem of monopolistic practices goes beyond Buffett and Berkshire, but it clearly says includes him and his brands, Clayton Homes among them, as will be noted further below.

A different report linked below includes a video with experts that raise that same concern as The Nation’s special report.

So the Nation’s concerns are clearly not a one off. It’s a growing chorus, from sources as far right as Breitbart, to as far left as the Nation, and others in between.


That’s blunt talk from the Nation.

Rephrasing, manufactured housing professionals, legal authorities, and regulators can’t ignore these growing number of concerns.



Over the past 40 years, however, the United States has not only failed to build bridges across monopoly moats; it has stocked those moats with alligators. Two-thirds of all US industries were more concentrated in 2012 than in 1997, The Economist has documented. Since the Reagan era, the federal government has abandoned antitrust enforcement, with markets for products like eyeglasses, toothpaste, beef, and beer whittled down to a few suppliers. This consolidation has vastly inflated corporate profits, damaged workers and consumers, stunted economic growth, and supercharged economic inequality.”

That could roughly sum up MHProNews concerns about the impact of monopolistic practices on manufactured housing, consumers, and small to mid-sized businesses that aren’t Buffett dominated Manufactured Housing Institute (MHI) ‘insiders.’

But Buffett’s example has helped intensify US monopolization, as other investors mimic his approach of finding companies surrounded by moats. The ownership class has subsequently built up unwarrantedly large holdings, concentrating its investment in companies that further increase market power. In other words, Buffett isn’t following America on the road to oligarchy; he’s leading it.”

Isn’t that pattern occurring in manufactured home production, retail, and lending?  But also with manufactured home land-lease communities, and suppliers too?


The following quote from the Nation also mirrors and dovetails the Daily Business News analysis of the same event, some weeks ago. Which is again to say that facts and reason are non-partisan.

Americans falsely look to these oligarchs to solve our problems, allowing them to amass more power. For example, the recent joint effort by Buffett’s Berkshire Hathaway, Amazon, and JPMorgan Chase to transform the US health-care system is vague and rather mundane—most large companies try to drive down health-care costs by leveraging their size. But when three of the age’s biggest monopolists follow the trend, it’s uncritically treated as front-page news, sending health-care stocks plummeting. A stray press release from Buffett can move billions of dollars in his favor.”

Buffett, Bezos – Time Announcement to Drop Market Ahead of SOTU? Plus MH Market Update$

Warren Buffett should not be celebrated as an avatar of American capitalism;” says Dayen, “he should be decried as a prime example of its failure, a false prophet leading the nation toward more monopoly and inequality.”

In a different article, The Nation cites Senator Elizabeth Warren (D-MA) taking a shot at both Presidents Obama and Bush over their lack of response to the rising threat to the economy, small businesses, and jobs from monopolies.

In Dayen’s analysis, he isn’t just calling Buffett a monopolist, he’s arguably calling him a hypocrite, as the graphic below from the same article demonstrates.


David Dayen might as well have said, ‘can you spell hypocrisy?’


The Nation’s Series on Monopolies Lays Out How Its Done…

“…Insurance premiums don’t get immediately paid out in claims; while the cash sits, Buffett can invest it. This is known as “float,” and Berkshire Hathaway’s float has ballooned from $39 million in 1970 to approximately $113 billion as of last September. It’s a huge advantage over rival investors—effectively the world’s largest interest-free loan, helping to finance Buffett’s pursuit of monopoly,” said Dayden.

The Nation cites examples in aviation, Internet, and banking among its examples of how Buffett’s alleged monopolies operate.

As of last September, Buffett’s financial-industry holdings approximate an astonishing $66.9 billion—more than 37 percent of his portfolio. He is Wells Fargo’s largest shareholder, and he recently became the largest shareholder in Bank of America as well, the result of a post-financial-crisis deal allowing Buffett to convert an injection of capital into common stock. That conversion earned him $12 billion overnight. A similar crisis-era investment in Goldman Sachs spawned a $3 billion payday.”

Note too that Clayton Homes is classified under financial services on Berkshire’s annual report.


Warren Buffett’s Annual Report to Berkshire Hathaway Shareholders, Clayton Homes and Manufactured Housing


Another monopolistic play of Buffett’s cited by the Nation are news outlets. That too was part of MHProNews’ recent reflections on the Berkshire annual letter, linked above.

Those media holdings of Buffett’s matter to manufactured housing, because of the following simple question.

Why doesn’t Berkshire Hathaway leverage their media assets to reply to every negative news story that comes out that could be debunked about manufactured housing?


MHProNews analysis of the question yields a simple answer.  Bad press is arguably one more method of widening “the Moat,” because Buffett’s brands can better withstand such media pressures, while smaller players in manufactured housing are more likely to suffer.

Among his first investments were newspapers, including the 1977 purchase of the Buffalo Evening News. Buffett immediately targeted the News’s rival, the Courier-Express, by launching a Sunday edition. By 1982, the Courier-Express was out of business, and Buffett’s local monopoly became his largest single investment. Even today, despite the Internet, Buffett owns 31 daily newspapers, most of them local monopolies,” wrote Dayen.


Clayton Specific

Then comes the Nation’s comments on Clayton, and the Preserving Access to Manufactured Housing Act.

A more brutal example involves Berkshire Hathaway subsidiaries Clayton Homes, the nation’s largest mobile-home builder, and Vanderbilt Mortgage, its companion lender. A series of journalistic investigations in 2015 found that the companies targeted minorities with high-pressure sales tactics, issuing loans swollen with hidden fees. African-American, Native American, and Latino borrowers received higher interest rates, even if their fellow white borrowers earned less. When the loans failed, Clayton repossessed and resold the homes, earning more fees each time. The Consumer Financial Protection Bureau’s complaint databases are littered with hundreds of comments about Clayton and Vanderbilt. “This type of behavior by any lender is despicable and absolutely intolerable,” wrote one complainant.”

The Nation focuses on Buffet’s defense, but it is worth noting that Berkshire’s Vice Chair, Charlie Munger admitted in a video interview with CNN posted below that he presumes some mistakes have indeed happened.

I have no doubt that somebody somewhere has cheated some poor person,” Munger said near the end of this 3 minute clip.  “There are going to be episodes of trouble,” Munger said of Wells Fargo and other banks they hold a large stake in. As MHProNews has spotlighted, Wells does manufactured home lending too, and lends on manufactured home communities.


Berkshire Vice-Chair Munger is right in defending manufactured housing’s service to the low income buyers, which does provide laudable opportunities for home ownership. But Munger exaggerated his claim that everyone in the industry was making bad loans to people with bad credit. Companies like Triad Financial never did, and weathered the storm well as a result.

Another exaggeration by Munger is the 97 percent success rate claim on loans to those with poor credit.  That’s a 3 percent default rate per year.  As an award-winning industry lender told MHProNews, that statistical implies that during the first 7 years of the loan, that’s a total of a 21 percent default rate.

One can argue that’s still good for the other 79 percent who are successful. So, why did Munger phrase it as he did?

While making some interesting admissions, part of Munger’s statements gloss over troubling realities.  The challenge raised by industry professionals that called in today voiced to MHProNews is this.  One must have a level of industry knowledge to truly understand all that is occurring.

Furthermore, small businesses are busy running their businesses.  They don’t always have time to dig into in-depth reports, no matter how important.

That too is part of Buffett’s ‘plan,’ as the quotes in the report linked and the Clayton video interview also linked from this page reflect.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO


Back to the Nation’s narrative…

Buffett has publicly defended the businesses, which earned $744 million in 2016. He even tried to attack the credibility of a critical reporter, because the reporter’s sister worked at a law firm that sued Clayton. In 2017, Buffett vowed that Clayton Homes would grow, despite admitting that it foreclosed on one out of every 40 properties the previous year—over three times the national average,” said the Nation.

Last December, the House of Representatives passed a bill to further deregulate the manufactured-home industry, eliminating consumer protections and disclosure requirements under statutes like the Truth in Lending Act. If the bill becomes law, Clayton Homes salespeople could legally steer borrowers to high-cost loans, which traditional mortgage brokers are barred from doing. As Maxine Waters, ranking Democrat on the House Financial Services Committee, said on the House floor, “This bill makes it easier for financial titans like billionaire Warren Buffett to earn even more profits, at the expense of some of the most vulnerable consumers in this country,” said Dayden.


Progressive “The Nation” Blisters Buffett’s ‘Monopolistic’ Practices as Harmful to Americans & Business

Perhaps easily overlooked is an important revelation in the very beginning of Dayden’s column, the relationship between Buffett, Moody’s and the housing/mortgage collapse.

After the worst financial collapse since the Great Depression, three officials from the Financial Crisis Inquiry Commission visited Warren Buffett at his office in Omaha, Nebraska. They wanted to ask America’s most successful investor about his 24 million shares in the credit-rating agency Moody’s. The commission would later identify Moody’s and other rating agencies as “key enablers of the financial meltdown,” for granting super-safe triple-A ratings to securities that were backed by junk mortgages. Trillions of dollars’ worth of rotten financial instruments—the fuel of the crisis—“could not have been marketed and sold without [the rating agencies’] seal of approval,” the commission concluded.”

Recall that MHProNews made a similar point, in saying that what Kevin Clayton called the professorial Buffett may well have seen what was coming, and he prepared his manufactured housing interests to take advantage of it.


During that May 26, 2010, meeting [with officials], Buffett deflected responsibility for Moody’s actions. “I knew nothing about the management of Moody’s,” he told the federal investigators, explaining candidly why he owned so much stock: Moody’s faced practically no market competition,” stated the Nation.

More will follow as MHProNews will continue to examine other aspects of the Nation’s series, including bi-partisan calls for a breakup of the monopolistic companies, such as Berkshire Hathaway, and Clayton Homes, for how their activities are apparently harming the American economy, millions of citizens, small businesses, and taxpayers.

Until then, the links shown reflect facts that the Nation may not have known, but news tips to MHProNews has uncovered.

MHProNews reached out once more earlier today to Clayton, MHI and others – who declined comment. A download of the full column by Dayen, is linked here. The link to his thoughtful article on The Nation, is below.

We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

Why is MH Not Roaring?

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

“Starting” Dip in Home Sales, New Crisis Says Housing Experts

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Former WH Chief Strategist, Steve Bannon Blistered by President Trump, Manfort Suing DOJ; Impacts on Agenda, Nation?

January 3rd, 2018 Comments off


Let’s break the rule of news and analysis of hooking readers first, and then slowly giving out the key facts.

The Guardian’s report on excerpts from the upcoming book, Fire and Fury: Inside the Trump White House by Michael Wolff claim that generally pro-Trump, right-of-center Breitbart’s Steve Bannon’s called the Trump Tower meeting between the president’s son and a group of Russians during the 2016 election campaign as “treasonous,” “sh-t,” and “unpatriotic.”  It’s salacious, and already being used by anti-Trumpers to once more derail his pro-growth agenda.

The White House has called the book, trashy tabloid fiction.

Stocks rose today, even in the wake of this bombshell and cross fire.

The Fire and Fury quotes are contradicted by prior Bannon quotes last year, that the Russia collusion is “a total farce.”  There’s more than enough conflicting claims between what the book teasers allege, and what some have previously said to cast doubts.


But since the market’s today weren’t shaken, the majority of Americans – including Trump supporters – can rest easy.  Had this happened before the passage of the tax cuts and jobs bill?  That might have been a different story.

Celebration, Fact Check$, Plus Small Biz Nuts and Bolts on 2018 Tax Changes

Why Isn’t This a Bigger Deal?  The Details

For those who need a reminder, Democratic Harvard Law emeritus attorney, Alan Dershowitz, has said several times in 2017 that even if the allegations in so-called ‘Russia-gate’ were true, they would not be illegal.

The legal scholar has said, it would look bad, but isn’t illegal.

That’s why the ABC News’ Bryan Ross report – that was later retracted/corrected, and led to that reporter’s suspension – should never have roiled the markets in the first place.  ‘There is no there, there’ in so-called Russiagate, as the Daily Business News has reported for most of 2017.


What may have there, there is Clinton campaign collusion with federal officials, a British intelligence operative, and Russians.

That doesn’t mean that the Muller team won’t attempt to use this saucy claim against the president’s son in the president’s tower.  Ditto Democrats, and the anti-Trump media.  Left of center CNN, CNBC and others are already on this issue, ‘big league.’

The official White House press briefing today on this topic, is below.

2017 Bi-Partisan Political Cartoons in Review (Note: Insightful, Satire, Tragic, Humor…)

Paul Manafort Strikes Back, Sues Mueller, DOJ

  • The actions of DOJ and Mr. Rosenstein in issuing the Appointment Order, and Mr. Mueller’s actions pursuant to the authority the Order granted him, were arbitrary, capricious, and not in accordance with the law,” the suit reads, per CNBC.
  • The actions of DOJ and Mr. Rosenstein in issuing the Appointment Order, and Mr. Mueller’s actions pursuant to the authority the Order granted him, were arbitrary, capricious, and not in accordance with the law,” the suit reads, the left-of-center outlet reported.


Paul Manafort, per left-of-center video report from Bloomberg.

Paul Manafort, from right of center, Fox Business.


Alan Dershowitz is among those who’ve cast doubts about the integrity of the Mueller investigation.

So while one can easily dispute left-of-center CBS’ claim that ‘Democrats and Republicans agree’ that special counsel Mueller is ‘beyond reproach,’ their video spotlights just one of several issues that have cast doubt about his objectivity and leanings.

Bottom Lines?

There are reasons to believe that this could linger for a time.  But based upon the initial reports, the non-reactions of the markets, and experts like Alan Dershowitz who’ve consistently said there is no there there on the ‘Russia-gate’ narrative, while inconvenient, this may not have much impact on the Trump agenda.

That said, stay tuned for developments on the administration’s ongoing efforts to free the economy for a more robust 2018. ## (News, analysis, commentary.)

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

Nation Seeks Affordable Housing Solutions, Looks to Modular

March 22nd, 2017 Comments off

The delegation from Borneo. Credit: Borneo Today.

In its search for affordable housing solutions, representatives from the island of Borneo, which includes the nations of Brunei, Malaysia, and Indonesia, arrived in China this week to discuss potential options.

According to Borneo Today, a delegation from the Ministry of Housing and Urbanization, and Sarawak Housing and Real Estate Developers’ Association (SHEDA) has been tasked with searching for housing solutions, and their trip will include visits to several housing-related government bodies in China, as well as factories and production sites of several companies specializing in affordable housing solutions.

China has done a lot for their public housing sector and I hope we can adopt some of their knowledge from this trip. That is the purpose of this trip and I hope we can work together with them and learn from their experience,” said Urbanization Assistant Minister Datuk Talib Zulpilip.


Borneo (red marker). Credit: Google.

For the representatives from SHEDA, they have a particular interest in what can be done with factory-built homes.

We hope to learn from China the cost saving process and see the production of prefabricated modular building system in their factories. We hope to source for alternative affordable housing solutions that may enhance the variety of housing in Sarawak,” said SHEDA Kuching chairman Dr Christopher Ngui.

This study visit may provide us with the opportunity to do so and if we can successfully incorporate the technology into our housing developments, there is little doubt in my mind that the affordable housing situation in Sarawak will improve on the whole.

The delegation is scheduled to visit the Hong Kong Urban Renewal Authority (URA) to learn more about how the government agency has managed to revive dilapidated urban areas.

It also plans a visit to the Hong Kong Housing Authority (HKHA), which operates citizen home ownership and private sector participation programs.

While in Mainland China, the delegation is scheduled to visit several factories and sites of prominent prefabricated housing system manufacturers, as well as a briefing on housing and city planning by the Qingdao Municipal Government.

The group also expects to sign a number of agreements with manufacturers during the visit.

For more on nations around the world exploring modular housing, including British insurance giant Legal & General making moves building and lending, click here. ##

(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

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

Nation Looks to Shipping Containers for Migrant Housing

February 15th, 2017 Comments off

A makeshift migrant camp near the Serbian border. Credit: FOX News.

The nation of Hungary is looking to container housing to solve a growing problem at border camps, as migrants wait for their asylum requests to be settled.

According to FOX News, human rights advocates have noted that Hungary was already holding large numbers of asylum-seekers in closed camps and that the massive, indiscriminate detention of all asylum-seekers “has not been seen in decades in democratic Europe.”

Hungary’s Prime Minister, Viktor Orban, has been outspoken on the issue of immigration, echoing a sentiment similar to that of President Donald Trump.


Prime Minster Viktor Orban. Credit: Deutsche Welle.

Once new rules are in place, any migrants detained anywhere in Hungary without documents allowing them to be in the country will be returned across the border,” said Janos Lazar, Orban’s chief of staff.

The strong words from the Orban Administration have also drawn criticism.


Janos Lanzar. Credit: Morning Ag Clips.

The government would do better instead to improve the quality of the open reception centers and spend this money on the integration of people who have found asylum in Hungary,” said the Hungarian Helsinki Committee in a statement.

The committee has also vowed to sue Hungary at the European Court of Justice in every case where asylum-seekers are illegally kept in custody, which would likely force the country to make compensation payments.

Currently, asylum seekers with claims that are under appeal are housed in mostly open camps, and some leave for other destinations in Western Europe before their appeals are decided.

Any migrants detained within five miles of the border are routinely sent back across the fences Hungary has built on its southern borders with Serbia and Croatia.

Lazar says that the measures have to be enacted in instances like this, when Hungary has declared a state of emergency due to mass migration.

It is clear that the security situation in Europe has deteriorated, not improved,” said Lazar.

Turkey is presently defending the borders of Europe. We would like to strengthen the Hungarian border.

Lazar also said that the country was ready to build a second, stronger fence if needed, on its southern borders, in addition to building several small bases along the fence for the thousands of border police.

Hungary granted asylum or some form of protection to 425 people in 2016. It received 29,432 applications.


A Svenska Containerhus. For the full article on containers being used for housing in Sweden, click below or on the photo.  Credit: Twitter, Sputniknews.

As Daily Business News readers are aware, other nations have also turned to shipping containers as a potential solution to their housing crises due to an influx of immigrants.

Sweden has looked to Peter Eriksson, CEO of Svenska Containerhus to repurpose surplus shipping containers, and in Canada, the city of Vancouver is turning containers into single suites to battle their housing crisis.


(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

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

Faced With Housing Shortage, Nation Turns to Unused Containers

January 18th, 2017 Comments off

Shipping containers in Sweden. Credit: Sputniknews.

In Sweden, even with a robust and sturdy “welfare economy,” the nation is still suffering from an intense housing shortage due to its popularity as a destination for migrants.

It’s now looking to shipping containers as an option to ease the crisis.

And with imports from places like China to Europe much greater than exports, there’s a surplus of Chinese containers in the country.

Following a model used in the U.S., the UK and the Netherlands where surplus containers have been successfully converted into homes, the Swedes intend to follow in their footsteps to plug the gaping holes in their housing market.

We looked up on the Internet how homes like this are built in the United States, and were inspired by their recycling ideas to make affordable, small accommodations of our own,” said Peter Eriksson, CEO of Svenska Containerhus in Skelleftea.



A Svenska Containerhus. Credit: Twitter, Sputniknews.

According to Sputnik News, with a price tag of slightly above 400,000 Swedish Krona (about $45,000 USD) the container option is more than affordable housing by Swedish standards. However, the customer pays for additional expenditures on land, sewage and electricity.

The container concept has been tried several times in Stockholm and southern Sweden with mixed success, but attracted significant criticism of the building quality, which compelled the city of Helsingborg to scrap plans for 100 container homes.

In spite of this, Eriksson is not deterred.

We build homes adapted for the Nordic climate. Besides, the containers are designed for a serviceable life of 20 years at sea in the wind and salt water. These homes are also easy to move,” said Eriksson.


A furnished container apartment. Credit: Local SE.

According to Swedish housing portal Hur vi bor (“How we live“), nine out of ten Swedes live in a municipality that is suffering from a housing shortage. According to previous estimates by the Swedish Housing Board, a total of 710,000 new homes will be needed in Sweden, a nation of roughly 10 million, by 2025.

The lack of housing is most severe among migrants and refugees. According to Aftonbladet, Swedish municipalities currently plan to invest nearly 100 million Swedish Krona ($11.2 million USD) to secure apartments for new arrivals.

Throughout the country, various means of combatting the housing shortage among so-called “new Swedes” have been tried, from modular housing to temporary renting of villas, hotel rooms and cruise ships. In December 2016, Stockholm tried accommodating newcomers in dormitories, where up to 16 people sleep jammed in a single room.

The dormitory lacks kitchen facilities, and food has to be delivered.

​”Here I can neither study nor sleep. Everything is so difficult,” said Gidey Germay, a refugee from the African nation of Eritrea. ##


(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

Reality Show Star Endorses Clayton Manufactured Home

October 4th, 2013 Comments off

As follow-up to a story MHProNews posted July 29, 2013 regarding a reality TV show about a backwoods Louisiana family that built a dynasty selling a duck call and hooked up with Clayton Homes, Clayton is now offering a limited edition home inspired by one of the show’s stars. Si Robertson of the A&E hit show “Duck Dynasty” is endorsing a three-bedroom, 1,280 square foot home with camouflage walls, wood grain linoleum flooring and a built-in gun cabinet, according to Clayton Homes, headquartered in Maryville, Tennessee, is the nation’s largest builder of manufactured homes, and a subsidiary of Warren Buffett’s Berkshire Hathaway.

(Photo credit: TV Guide–Si Robertson of Duck Dynasty TV show)

Local market bucks trends, may provide clues to boost housing

September 12th, 2011 Comments off

Graphic credit Savannah Now 9.12.2011SavannahNow reports on a bright spot of the nations housing market that has benefited single family, modular, townhome and condo sales. Sales hit a four year high in Chatham, Bryan and Effingham county areas of South Carolina. 416 homes changed hands in August, the third month running this area has topped 400 closings here. What’s the reason? “We are a bright spot, a very bright spot, and it feels like we’re going to have a good September as well,” said Monica Spillane, president of the Savannah Area Board of Realtors. “People are finally getting the message that real estate is a local decision. It’s about what’s going on in town or in a particular area of town and not what’s going on across the state or the country.” Local companies are hiring in this market. “Gulfstream and the others are bringing in a lot of people, and while the newcomers love Savannah, they like the price point and the ease of access to I-95 out this way,” said LaTrelle Pevey, who owns ERA Adams-Pevey Real Estate. “Buyers are finding the price points and larger lots appealing.” The message seems to be if your local economy is doing well, tout that fact to attract home buyers, because it is the local economy that matters.


(Graphic Credit: Savannah Now)