Posts Tagged ‘Obamacare’

Sunday Morning Manufactured Housing Daily Business News Weekly Recap – 11.9-15.2014

November 16th, 2014 Comments off

mhpronews-week-in-review-11-9-15-2014-tablet-coffee-559-441-As the name implies, we’re launching a new MHProNews feature that will make it easier for the Sunday morning coffee drinker to pick up their tablet, smartphone or laptop and catch up on news as it relates to the manufactured housing industry.

What that means is we cover manufactured, modular and prefab home-building industry news from a primarily domestic, but including, an international perspective.

We also cover other housing, finance and public policy related news, that relates to factory built homes directly or indirectly.

What this past week demonstrates to industry pros, investors or those who have interests in quality affordable manufactured homes, is the wide array of useful reports covered every week in the Daily Business News.

As regular readers know, we share events from an unabashedly pro-factory-built housing industry lens, even when the news report may seem to be unfavorable. The stories that follow can be seen as evidence why manufactured homes could grow beyond current levels, see more on the opportunities for MH growth topic linked here.

Our regular readers tell us they save time and keep in touch with the challenges and upside opportunities by reading our one-of-a-kind news resource for the factory built housing industry. Our revised news format has seen another growth in readers and page views. All this suggests you’re wise to be reading here and are joined daily by thousands like yourself.

Here are the headlines from the Daily Business News (DBNs) the week of 11.9 to 11.15 2014.

Saturday November 15, 2014

Manufactured Housing and the Freddie Mac deal, revisited

Friday November 14, 2014

The other side of Public Housing and Public Policy on Manufactured Housing

Showdown over Keystone? Dow dips, but Manufactured Housing Composite Value Rises

Discriminatory Mail Service? Postal deliveries resume after service suspension to manufactured home community

Memo asserts HUD Code Manufactured Housing Program “Seriously Off Track”

Howell Utah Violating 4th Amendment Rights of Mobile and Manufactured Home Owners?

Storm Clouds Loom – Neal-Pascrell-Menendez bill – disguised attacked on risk reducing reinsurance?

Thursday November 13, 2014

Deer Valley Spikes, Manufactured Housing Composite Slides

No-frills Muji prefab designed for Tiny Urban lots

Vanishing affordability for housing in Chicago and beyond?

Do Home Resale Slides reported by Realtors ® signal opportunities for factory built home professionals?

Wounded Vet to get free Palm Harbor Home

We the Economy

Wednesday November 12, 2014

Take Profits, says MarketWatch, most Manufactured Housing stocks rise

US Bank Exits from Indirect Manufactured Housing Lending

Home owners, State Association Protest as County seeks to restrict placement of older Manufactured Homes

Michael Bloomberg says Dodd-Frank “Stupid,” slamming it and ObamaCare

American Land Lease Announces Dividend

Carefree Communities closes on 18, says now #5 in MHC holdings

National Law Review report Reveals insights on CFPB Plans for Enforcement

November 11, 2014.

Implementing rules in newly acquired manufactured home community results in resident, media reaction

5th Straight record on Dow, Skyline up 2.5%, but MH Composite value slips

Realtors urged to educate Consumers about Online Valuation models

Veteran Day’s 2014 – Honoring Vets & Offering Manufactured Homes-VA loans to Veterans

AMG’s Sean M Healey to speak to Bank of America/Merrill Lynch conference

ObamaCare Architect Jonathan Gruber – Lack of Transparency needed to pass ACA

November 10, 2014.

NASDAQ says SearchCore’s Wisdom Homes providing alternative for Boomers

Eugene W. Landy Acquires 5000 more shares of UMH stock

New Market Highs, Commodities slide, Manufactured Housing Composite Rise

JDSupra spotlights the 6th Circuit ruling in Bennett v CMH Homes – are manufactured homes a consumer product?

RV/MH Hall of Fame Challenge Advances

Willmar gives Preliminary nod for tax abatement for Manufactured Home Community in Exchange for Improvements ##

(Graphic Credit: MHProNews)


Michael Bloomberg says Dodd-Frank “Stupid,” slamming it and ObamaCare

November 12th, 2014 Comments off

former-nyc-mayor-bloomberg-credit-nypost-posted-daily-business-news-mhpronews-com0Former New York City Mayor Michael Bloomberg said harsh regulation on financial institutions are hurting Main Street. Speaking at a conference, Bloomberg lashed out at laws that are arguably helping his own firm, which provides servcies to the financial industry. It’s good for the terminal business,” he said. “Some of these firms have 10 or 15 thousand people working on [compliance]; if that’s not an opportunity to provide software, I don’t know what is.” BuzzFeed tells MHProNews.

CNNMoney reported Bloomberg saying, The trouble is if you reduce the risk at these institutions, they can’t make the money they did. If they can’t make the money they did, they can’t provide the financing that this country and this world needs to create jobs and build infrastructure.”

Bloomberg, is the founder of financial data company Bloomberg L.P., as well as a billionaire philanthropist.

What happens is every little group in Congress has to add something to that bill in return for their votes, and a lot of those things are just mutually exclusive,” Bloomberg said. “Years later now we don’t have the regulations that are required and complying with it is just really impossible.” The same goes for Obamacare, Bloomberg asserted.

The NewYorkPost stated the former mayor said, The world adjusts to stupid laws. They just don’t pay attention to it and you get burned later on. That really is what happens, like a 25-mile-an-hour speed limit.”

Bloomberg sounded off on a range of topics, the NSA, Google and the president being “a wuss” after his party lost the mid-terms so badly.

Google and Facebook and Twitter, they want to collect data on everything you do, everybody you sleep with, every place you eat and what you ordered at the venue, and then they’re going to sell it for their own personal profit,” he said. “And we’re complaining about the NSA?” ##

(Photo Credit: NYPost)

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

August 26th, 2014 Comments off

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

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

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

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

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

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

Brookings Institution reports Negative impact on Business Since 2008

May 12th, 2014 Comments off

Since year one of the Obama administration, the number of businesses failing outnumber the businesses being created for the first time in recent memory, according to Ray Hennessey, writing in about data collected by the Brookings Institution. While Brookings does not point to any particular culprit, Hennessey says its due in part to overburdening regulations. Noting a new regulation is promulgated every two and one-half hours in the U. S., he says the cost of enforcement is greater than the economies of all but nine countries in the world, causing all sizes of business to encounter higher compliance costs. He says part of the problem stems from Obamacare and Dodd-Frank, but a lot comes from small-scale regulations that choke off innovation.

He says the tax-the-rich approach has resulted in small business owners suffering because their company profits are often taxed as individual income. Where once entrepreneurs were lauded for their spirit and heroism, today they are cast just as much as villains who are trying to gouge their workers. The president has called for the minimum wage to be raised, saying it will create more jobs, but in fact the opposite is more likely true. Increased jobs and better wages are more likely to come from innovations that reflect the creative drive of entrepreneurs than from imposing regulations and taxes on businesses that tend to stifle growth, as MHProNews understands. Hennessey says: “It is fashionable to punish success and badmouth the business owner, to boot. That attitude doesn’t create jobs. That doesn’t create wealth. That only creates resentment, and it erodes the very entrepreneurial spirit on which this nation was founded.” ##

(Image credit:

Mark-Up of Senate’s Johnson Crapo Housing Finance Reform—DOA?

May 9th, 2014 Comments off

The Senate’s Johnson Crapo measure to reform housing finance and eliminate Fannie Mae and Freddie Mac was scheduled to be marked up at the end of April, as MHProNews reported April 29, 2014, but was held up so the bill could pick up steam and garner more support. Instead, the bill, as written, according to, may be dead because six key Senate Democrats—Charles Schumer of New York, Elizabeth Warren of Massachusetts, Jeff Merkeley of Oregon, Jack Reed of Rhode Island and Robert Menendez of New Jersey— have withdrawn their support.

There is talk the measure may not re-appear until after the Nov. elections, or perhaps not for several years, some calling it the “Obamacare” of GSE reform, others saying it sets up the same circumstances that drove us into the Great Recession in 2008. Sen. Joe Manchin (D-WVA) was preparing to offer amendments to Johnson-Crapo for manufactured housing regulatory relief. “Housing finance reform remains the most significant piece of unfinished business from the 2008 financial crisis,” Crapo said in a statement when his bill was delayed in committee. “Fannie Mae and Freddie Mac greatly contributed to the housing bubble, the financial crisis, and the dramatic government intervention that resulted. The current system is unsustainable, leaves taxpayers exposed to potentially trillions of dollars in liabilities, and has left the mortgage market in a state of limbo, forcing private capital out of the market.” ##

(Image credit:–U. S. Senate chamber)

Mo Mitt

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

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

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

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

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

The National Journal reported:

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

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

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

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

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

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

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

(Photo credit: Drudge)

Senators say Repealing Dodd-Frank would boost economy

August 10th, 2011 Comments off

FoxNews reports the following quotes on Dodd-Frank in this recent interview by Greta van Susteren with Zachary Goldfarb with the Washington Post. SEN. RON JOHNSON, R-WIS.: The thing that would really get our economy going again is if we would repeal the entire Obama agenda — I mean, “Obamacare,” Dodd-Frank, all the regulations that he is shackling our economy with! That’s what’s keeping our economy from moving forward! SEN. RICHARD SHELBY, R-ALA.: Well, it tells you that what Dodd-Frank basically is, is a horror movie, a horror movie for the American economy, a horror movie for — if people are interested in taking risks and creating jobs. CHRIS DODD, D-CONN., FORMER SENATOR: In addition to all the pieces of this bill that make up the pages, I think our goal, our common goal was to contribute to that restoration of confidence and optimism and trust that the American people can once again believe the financial system is going to work for them and not against them. REP. NANCY PELOSI, D-CALIF., MINORITY LEADER: This legislation is one of the pillars of President Obama’s building a new foundation for a stronger economy and a fairer society.

Editor’s Note: Manufactured Housing is clearly not alone in being impacted by legislation such as Dodd-Frank.  What is clear from this interview is that deep political divisions exist. It is also clear that recent economic and market upheavals have not been stopped by the existence of Dodd-Frank.  To get even more quotes, insights, the full interview and commentary, click on the video linked above.

(Video credit: FoxNews)