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MHARR on HUD, DOE, Chattel and Powergrabs – Exclusive Report and Analysis

April 19th, 2017 Comments off
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Collage credit, MHProNews.

The Manufactured Housing Association for Regulatory Reform (MHARR) has released its April 2017 Washington Update, an exclusive report and analysis that addresses key issues with the U.S. Department of Housing and Urban Development (HUD).

Covered in this MHARR report:

 

  • HUD Defines President Trump’s Regulatory Reforms
  • MHARR Highlights Urgent Need for Securitized Chattel
  • DOE Manufactured Housing Energy Rule Takes Another Hit

In a re-play of its well-documented institutional resistance to the full and proper implementation of the program reforms mandated by Congress in the Manufactured Housing Improvement Act of 2000, mounting evidence indicates that the HUD manufactured housing program, with its management team of Obama Administration holdovers, is openly defying the regulatory reform agenda of the new Trump Administration,” MHARR says in the report.

The report also provides insight on HUD program funding.

With the HUD program continuing to seek ever-higher funding levels from Congress in order to fund an unnecessary expansion of in-plant regulation via contractor make-work activity, MHARR is urging Congress to continue exercising strict oversight of the HUD program budget, in order to curb needless and costly contractor-driven paperwork and red tape.”

The full MHARR report and analysis is available for Daily Business News readers here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

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

MHARR: Update on Key Manufactured Housing Administrator

April 4th, 2017 Comments off
InsideInformationTheRaceforthePowerPositionatHUDDeputySecretarycredithousingwirehud-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credits: HousingWire and HUD.

The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that Henry Czauski, former administrator of the federal manufactured housing program at the U.S. Department of Housing and Urban Development (HUD), has retired from the organization, effective April 1st.

During my 37-year career at HUD, including 31 years in the Office of General Counsel as a Staff Attorney, Senior Attorney, Chief Counsel, Regional Counsel, Departmental Enforcement Center (DEC) Director, and six years as a Senior Advisor in the HUD Office of Housing, I had the good fortune to do interesting work … with some great people,” said Czauski.

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Henry Cazuski. Credit: MHProNews.

During Czauski’s time at the HUD manufactured housing program, he was instrumental in staying focused on the rule of law, especially around the intent of the critical reforms mandated by Congress in the Manufactured Housing Improvement Act of 2000.

M.Mark.WeissJDPresidentCEOMHARRManufacturedHousingAssociationforRegulatorReform-creditManufacturedHousingIndustryDailyBusinessNewsMHProNewsHenry Czauski’s leadership of the HUD manufactured housing program represented an oasis of reasonableness, fairness and equilibrium within a program that has too often been characterized by turmoil and disregard for plainly applicable legal requirements,” said MHARR President and CEO Mark Weiss.

His consistent respect for the law and for program stakeholders and their representatives – even when sometimes disagreeing on matters of policy – was a welcome departure from the norm both before and since. He has been – and will be – sorely missed, and on behalf of MHARR, we wish him the best in all his future endeavors.

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Danny Ghorbani, photo credit, the Journal.

Having represented the industry since the inception of the HUD manufactured housing program and having had the opportunity to work with program leaders over the course of five decades, Henry Czauski brought an integrity to the HUD manufactured housing program that was highly valued and should stand as an example to all who serve in that position. I wish him all the best for the future,” said MHARR Senior Advisor and former CEO Danny Ghorbani.

The full release from MHARR is linked here. ##

 

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RC Williams, for Daily Business News, MHProNews.

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

Cavco Reaches Terms on Key Acquisition

March 31st, 2017 1 comment
CavcoReachesTermsonKeyAcquisitioncreditLexingtonHomes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Lexington Homes.

Cavco Industries Inc. (NASDAQ:CVCO) tells MHProNews that it has signed a Letter of Intent, and has reached an understanding, on terms to acquire Lexington Homes, Inc.

The purchase of Lexington is expected to improve Cavco’s ability to participate in the growing Southeastern housing market, as well as better serve the needs of Lexington customers. The purchase price, due to be paid in cash at closing and funded with Cavco’s internal capital, was not disclosed.

The transaction is subject to the satisfaction of customary closing conditions.

Cavco has been in the news recently, and in their most earnings report, the company delivered $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11.

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Credit: Cavco Industries.

Those results fueled investor activity, as JP Morgan Chase, BNP Paribas Arbitrage SA, and the Teacher Retirement System of Texas all either increased their stakes in the company or purchased new positions. Cavco was also recently featured as British insurance giant Legal & General made a significant move in its stake in the company.

As Daily Business News readers are aware, Phoenix, AZ-based Cavco Industries is one of the largest producers of manufactured homes, as well as a builder of modular and park model homes, vacation cabins and commercial structures. Factory-built homes are designed and produced under such brand names as Cavco Homes, Fleetwood Homes and Palm Harbor Homes.

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Cavco 1 year look. Credit: Bloomberg.

Lexington Homes provides affordable manufactured housing from its manufacturing plant in Lexington, Mississippi to its retail distributors in the Southeastern United States. The company was founded in 2004 by individuals with combined experience of over 100 years in the manufactured housing industry.

Cavco is also one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here. ##

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

City Makes Decision on Manufactured Home Zoning

March 29th, 2017 Comments off
amhinqueensburynycreditbayshorehomesales-postedtothedailybusinessnewsmhpronewsmhlivingnews

A manufactured home in Queensbury, NY. Credit: Bayshore Homes.

In Queensbury, New York, manufactured housing has scored a victory.

According to the Post Star, the town received word that a new state law will require it to allow the manufactured homes in residential districts.

The law, which originally passed in 2015, allows for any single-family manufactured home that “appears similar to other homes” to be included.

This is the catch: if it fits in aesthetically with the character of the neighborhood,” said Supervisor John Strough.

Now, traditionally, mobile homes [sic] are not allowed in your traditional residential district. Now, you cannot zone out manufactured homes.

New York state law now refers to so-called “mobile homes” as manufactured homes. As Daily Business News readers are already aware, most references to “mobile homes” by publications are incorrect, as the last mobile home was built in the U.S. in 1976. For a more detailed history on the journey from mobile to manufactured homes, please click here.

With the news, town officials say that they are now struggling to implement the law.

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Credit: Google.

The difficult part is if it fits in with the character of the neighborhood, said Strough.

Your opinion? My opinion? The neighbors’ opinion? Who does decide? What if it has a homeowners’ association?

It appears that the decision could be left to the town code enforcer or the Planning Board.

I can see some issues,” said Strough. “We’re going to be forced to deal with it.

According to state lawmakers, the law was designed to promote more affordable housing. Town attorneys are researching other municipalities to see how they are handling the integration.

 

Same Old Stereotypes?

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. ##

 

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RC Williams, for Daily Business News, MHProNews.

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

Town Decides on Manufactured Home Ordinance

March 28th, 2017 Comments off
StoppedBeforeTheyCanStartMHCDevelopStalledcreditTheDailyIberian2-postedtothedailybusinessnewsmhpronewsmhlivingnews

The original area for the proposed community. Credit: Daily Iberian.

In a follow up to a story that the Daily Business News originally covered in February, the Iberia Parish, Louisiana Parish Council voted last week to adopt a new ordinance to regulate the development of manufactured home communities and subdivisions. This appears to be the end of the road for the development of new manufactured home communities in the parish.

Per the Daily Iberian, the ordinance has been passed back and forth between the Iberia Parish Zoning Commission and the council for months, with the Zoning Commission approving an amended version of the ordinance.

That ordinance is the one that was up for discussion last week.

The Zoning Commission decided to add two new zoning classifications, T-1 and T-2, specifically for manufactured home communities and subdivisions. One of those classifications would have to be obtained before a developer could establish a community.

There are no T-1 or T-2 districts in the parish.

This means any property to be used as a manufactured home community will need to be rezoned. Rezoning will  require public hearings that will allow neighboring landowners the opportunity to quash any proposed development before it gets off the ground.

I think this will kill mobile home park [sic] development in Iberia Parish,” said Council Chairperson Natalie Broussard.

If it requires a zoning change, it’s never going to happen.

Broussard said that her comments are based on a long running battle between the landowners of the proposed Safe Haven Mobile Home Park and nearby neighbors.

Neighbors managed to stall the development, even though many of the homes in the neighborhood already have manufactured homes on site.

On of those neighbors commented on the new regulations.

This would eliminate the problems we had,” said Emily Ransonet Kyzar.

The stalling prompted the developer, Shawn Pourciau, to file suit against the Iberia Parish Government after his preliminary approval was denied. That case is still pending in state court.

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The ordinance is discussed. Credit: Daily Iberian.

In addition to the zoning requirement, the ordinance also calls for all manufactured home communities to secure an occupational license.

Does this regulation duplicate existing laws that stated mobile home parks [sic] were required to have a license?” asked District 10 Councilman Eugene Olivier.

They are, but they don’t,said Parish Legal Counsel Andy Shealy. “Most don’t bother to get an occupational license.

The license question became an issue for another councilman.

If they are required to get an occupational license, won’t this apply to existing developments?asked District 5 Councilman Warren Gachassin Jr.

Yes, they must be reviewed yearly,” said Shealy. “That is the key.

Then it does not affect just new developments like we have been told,” said Gachassin.

There are teeth in the law. It will affect existing trailer parks [sic].”

When Shealy confirmed that it would have an effect, Gachassin made his point clearly.

When we started this, it was about public safety,” said Gachassin.

It wasn’t about the all-out war on trailer parks [sic] it has become. It is an overreach in government regulation. It is a bit much.

The eventual motion passed, 9-4. Before the vote, one community owner voiced his concern.

You can’t overregulate, or parks [sic] will leave town,” said community owner Randy Theriot. ##

 

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RC Williams, for Daily Business News, MHProNews.

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

All Eyes on Tunica for Manufactured Housing This Week

March 27th, 2017 Comments off
AllEyesonTunicaforManufacturedHousingThisWeekcreditTunicaShow1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Tunica Show.

The 2017 Tunica Manufactured Home show officially kicks off tomorrow with in-depth educational seminars, and with information focused on growth for you, and for the industry.

Kicking off at 1pm in the Resorts Hotel Magnolia Room, the “Getting Positive Media Coverage, Engaging the Media” panel discussion features Frank Rolfe, partner in RV Horizons and Mobile Home University (MHU), who has been featured about a dozen times in recent years, in the New York Times, Bloomberg and other news publications.

Frank Rolfe.

This panel also features Millennial and third-generation family-owned community partner, Tom Fath, who will share his experiences at how they boosted new home sales some 400 percent, using the same lending programs they had previously. They increased sales as well as margins on new and pre-owned homes.

This not to be missed panel will be moderated by MHProNews and MHLivingNews Publisher L. A. ‘Tony’ Kovach.

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L. A. ‘Tony’ Kovach addressing industry professionals in an educational session.

At 2:30p, Kovach takes center stage with a deep dive into solutions with his presentation, “Attract and Sell More Qualified Customers Engaging the Public Through Media.”

Interviewed and featured in the likes of the Chicago Sun Times, The Hill and dozens of other mainstream media publications, Kovach’s marketing clients have documented growth by engaging the public through media.

He will share facts, figures, tips, and strategies that can create positive media to attract and sell more qualified customers for your location(s).

These proven tools are the key to attracting and selling more cash and well-qualified credit customers.

AllEyesonTunicaforManufacturedHousingThisWeekcreditTunicaShow2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Tunica Show.

At 3:40pm, it’s “Lessons Learned – MH Industry Lenders Panel – Manufactured Home Industry Lenders Share Their Tips on Attracting, Selling More Well Qualified Credit Customers, where top industry lenders will share what their top locations do to attract and close customers.

Expect key insights from lenders on programs that you may not currently use or know about.

 

If You Go 

All seminars will be held at the Resorts Casino, in the Magnolia Room. This area is located on the second level of the casino. The SCMHI luncheon will be held on the third level at the Resorts Hotel in the “event center” on Wednesday, March 29th and Thursday, March 30th.

 

Weather in View

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Credit: Weather.

Good idea to take an umbrella this week, with a chance of scattered showers in the forecast.

 

You can find additional details on the show linked here, or by visiting the Tunica Show page: http://tunicashow.com/ ##

 

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RC Williams, for Daily Business News, MHProNews.

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

 

 

AllEyesonTunicaforManufacturedHousingThisWeekcredit-postedtothedailybusinessnewsmhpronewsmhlivingnews

The Heat is On – Pressure Mounts on CFPB

March 21st, 2017 Comments off
GOPSenatorstoPresidentelectTrumpFireCFPBHeadRichardCordraycreditCNNMoney-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNN Money.

As the Daily Business News has covered recently, the saga of the Consumer Financial Protection Bureau (CFPB), and its embattled director Richard Cordray, has been one for the record books.

Last Friday, the Trump Administration doubled down.

According to USA Today, the Administration officially joined a legal challenge aimed at sharply reducing the authority of the CFPB, a move that has drawn cheers and jeers from lawmakers.

Jumping into the PHH Mortgage vs. CFPB federal appeals court case, the Department of Justice argued in an brief that the structure of the CFPB is unconstitutional.

Comparing the CFPB to other independent agencies that are run by a commission with multiple members, the design of the CFPB may violate the Constitution because it is run by a single director that the president cannot remove at will,” said the brief.

MHCSuedAccusedofHousingDiscriminationByDepartmentofJusticeDOJlogo-postedtoDailybusinessnews

DOJ Logo.

There is a greater risk that an ‘independent’ agency headed by a single person will engage in extreme departures from the President’s executive policy.

According to the Washington Post, legal experts say that even though the brief does not make the Justice Department an official party in the case, it shows that the department is actively opposing the CFPB, and could signal that it may not defend the current structure of the agency if the battle reaches the Supreme Court.

It’s certainly not good for the CFPB,” said Michael Landis, litigation director for U.S. Public Interest Research Group, a consumer advocacy group.

The D.C. Circuit will put weight on the views of the Justice Department.

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PresidentDonald Trump and Attorney General Jeff Sessions. Credit: Alabama Today.

If the case continues through the court system it could create serious issues for the CFPB.

The organization can defend itself in the D.C. Circuit court, but it would need to be represented by the Justice Department if it wants to take the challenge up to the Supreme Court,” said Landis.

In that scenario, the CFPB would need another group to join the case on its behalf to argue against PHH before the Supreme Court.

Democrats and other consumer advocates tried to do so when they requested to intervene in the case earlier this year, but the court rejected them.

In support of the CFPB, they say that the agency being independent is the entire point, to shield it from shifts in presidential administrations to provide a more consistent approach to regulation.

It is independent from the political process, just like the other bank and financial regulators,” said Brian Simmonds Marshall, policy counsel for Americans for Financial Reform.

The Manufactured Housing Industry Speaks

IDontThinkThereWasEverMuchHighCostLendingInTheManufacturedHousingMarket-stillcreditCSPAN2--RichardCordrayCFPBdirector-Posted-MHLivingNews-com-

Still from an Inside MH video, reflecting how Richard Cordray himself said that there was never much high cost lending in the manufactured housing industry market.

As Daily Business News readers are already aware, while the CFPB had the support of the Obama Administration, the Trump Administration has had the organization in its crosshairs since the election.

Those in the industry have not been shy about their feelings on the matter.

The information on this case also has indirect ramifications for the Manufactured Housing Institute (MHI), and others in the industry, as the Preserving Access bill is being floated, which would modify portions of Dodd-Frank.

For more on what the Preserving Access bill means for the industry, check out the latest article on The Masthead.

For more on the CFPB’s impact on the manufactured housing industry, click here. ##

 

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RC Williams, for Daily Business News, MHProNews.

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

Company Moves in for the Kill on CFPB

March 15th, 2017 Comments off
CompanyMovesinfortheKillonCFPBcreditFlickrPHHCFPB-postedtothedailybusinessnewsphonewsmhlivingnews

Credits: Flickr, CFPB, PHH.

In a story that the Daily Business News has followed closely, mortgage company PHH is taking its battle with the Consumer Financial Protection Bureau (CFPB) to a new level.

According to HousingWire, the company is asking the Court of Appeals for the District of Columbia Circuit to not simply declare the leadership structure of the CFPB unconstitutional.

 

It wants the Court of Appeals to completely kill it.

In a new legal filing in advance of a full court hearing in May, PHH declares its opposition to the continued existence of the CFPB in a new filing, where it says, in part, that “in light of the many constitutional problems that plague the CFPB’s structure, the appropriate remedy is to strike down the CFPB in its entirety.

While the CFPB had the support of the Obama Administration, the Trump Administration has had the organization in its crosshairs since the election.

GOPSenatorstoPresidentelectTrumpFireCFPBHeadRichardCordraycreditCNNMoney-postedtothedailybusinessnewsmhpronewsmhlivingnews

CFPB Director Richard Cordray. Credit: CNN Money.

Digging into the filing by PHH, it’s clear that the company views the CFPB as dangerous.

 

 

 

 

In creating the Consumer Financial Protection Bureau, Congress placed massive, unchecked federal power in the hands of a single, unaccountable Director,” said PHH.

The CFPB is structured so that the Director alone rules over large swaths of the field of consumer finance, subject to virtually no restraints from the representative branches: For example, Congress both strictly limited the President’s ability to remove the Director and surrendered its own power of the purse, allowing the Director to set his own budget and demand funds as he sees fit.

Thus, the Director runs a parallel government unto himself. He need not answer to Congress or the President. That structure cannot be reconciled with the Constitution’s dual promises of democratic government and separated powers.

PHH makes the argument that the very structure of the CFPB “is unlike any that the Supreme Court has ever condoned, in that the CFPB director serves a five-year term and cannot be removed by the president unless it is for cause.

PHH also cites that the term of CFPB Director Richard Cordray cannot be cut short if the President wants a replacement and that the term can “be extended indefinitely if the Senate does not confirm a replacement. The result hamstrings, and potentially eliminates altogether, the President’s influence over this powerful agency.

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Credit: Wikipedia, CFPB, HubPages.

With this argument, PHH states that the case for shutting down the agency is clear.

Severance of the CFPB Director’s removal restrictions is not an adequate or appropriate remedy because it would solve only one of the CFPB’s multiple structural problems while creating a new agency structure that Congress likely did not intend,” said PHH.

Moreover, unless this Court vacates the CFPB’s Order on some other ground without any remand, the separation-of-powers question cannot be avoided: There can be no remand to an unconstitutional agency.”

The CFPB and PHH are due back in court on May 24, 2017 for a full hearing.

The Manufactured Housing Industry Speaks

IDontThinkThereWasEverMuchHighCostLendingInTheManufacturedHousingMarket-stillcreditCSPAN2--RichardCordrayCFPBdirector-Posted-MHLivingNews-com-

Still from an Inside MH video, reflecting how Richard Cordray himself said that there was never much high cost lending in the manufactured housing industry market.

Daily Business News readers are no strangers to the ongoing saga of the CFPB and the Dodd-Frank Act, with extensive coverage of the impact on the manufactured housing industry.

This information also has indirect ramifications for the Manufactured Housing Institute (MHI), and others in the industry, as the Preserving Access bill is being floated, which would modify portions of Dodd-Frank.

For more on what the Preserving Access bill means for the industry, check out the latest article on The Masthead.

The full filing from PHH is linked here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

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

Constraints on New Home Construction – Is MH the Answer?

March 14th, 2017 Comments off
ConstraintsonNewHomeConstructionIsMHtheAnswercreditClarkCountyHomeBuilders-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Clark County Home Builders.

New data from Redfin shows that more consumers than ever before are in the market for a home.

While sales are picking up, new home construction is well below levels prior to the recession of 2008.

Could manufactured housing be the solution?

According to National Mortgage News, there are key factors that limit new home construction.

ConstraintsonNewHomeConstructionIsMHtheAnswercreditNationalMortgageNews1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: National Mortgage News.

 

Rising Land Costs are a factor, as many homebuilders who where able to grab empty lots as land prices tanked during the recession. They got a great deal and have built on the land, which is significantly more expensive now that it was just a few years ago.

Severe Labor Shortages are hurting the construction industry badly, with 184,000 construction jobs nationwide left unfilled. As the Daily Business News covered recently, a poll conducted by the National Association of Home Builders (NAHB) revealed that 76 percent of builders indicated cost and availability of labor as their major problem. The poll concludes that the anticipated construction labor shortage could cripple the improving housing market.

ConstraintsonNewHomeConstructionIsMHtheAnswercreditNationalMortgageNews2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: National Mortgage News.

There are currently 184,000 open construction sector jobs,” said Robert Dietz, chief economist at the NAHB.

The rate of unfilled sector jobs has been on the rise and now stands at rates near cycle highs and at levels comparable to the housing boom period. The rising rate of unfilled jobs has slowed the construction sector’s net job growth.

OwnerRenter-creditRealEstateSyracuse-postedDailyBusinessNews-MHProNews-

Credit: Real EstateSyracuse.

The “Renter’s Nation” continues to heat up, as many of the homes that were left vacant during the financial crisis became single-family rentals, and many flock to them to get the home experience, without the cost and restraints.

Credit: National Mortgage News.

Access to Credit is an issue, as it is still very difficult to obtain a traditional home loan, and without buyers for homes, homebuilders have a hard time justifying more home construction.

 

Manufactured Housing to the Rescue?

With all of the challenges facing new home construction, the manufactured housing industry remains a practical and viable solution to making the American Dream accessible to everyone.

Mega successful business people like Berkshire Hathaway’s Warren Buffett, Jim Clayton, founder of Clayton Homes, and ELS Chairman Sam Zell all understand the immense value proposition that manufactured housing provides, with Zell famously being quoted as saying during this interview, “Everyone calls them trailer parks. Pencil head, it’s not a trailer park.

solutionusaffordablehousingcrisishidingplainsight-mhlivingnews-billmatchneertonykovach-posteddailybusinessnewsmhpronews

Credit: MHLivingNews.

For more on manufactured housing being the solution that’s hiding in plain sight, see MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach’s insight into the opportunity linked here. ##

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

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

Zell Speaks on Economic Opportunities

February 24th, 2017 Comments off
SamZellELSCharimanCreditDailyBurinessNewsMHProNews

Sam Zell, ELS Chair, credit, MHProNews.

Sam Zell, a name familiar to the manufactured housing industry, spoke to TheStreet recently at a conference in Boca Raton, Florida, about the “staggering economic opportunity” for the U.S. under President Donald Trump.

Trump’s vow to cut government regulation could lead to one trillion of (economic) stimulus without spending anything, while Obama added $1 trillion to U.S. debt to prop up the U.S. economy,” said Zell.

The business magnate and chairman of Equity LifeStyle Properties (ELS) said that eliminating a number of rules that hurt businesses needing help, will cut down on unnecessary expenses and create confidence for entrepreneurs who would otherwise be fearful of the federal government stepping in to suffocate their investment.

If the U.S. just reverses what it stopped during the Obama administration, the stimulative effect will be extraordinary, said Zell.

While Zell tends to agree with Trump on immigration, he’s had strong words regarding  anti-immigration sentiment by some in the U.S.

The United States has been the leader in the world for 200 years because it’s had a very aggressive immigration policy,” said Zell.

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Credit: Seeking Alpha.

I think that this current period of anti-immigration is very dangerous to the future of our country.

But, he’s a staunch opponent of so called “sanctuary cities,” which he believes are a threat.

I’m a rule of law guy. If immigration and other laws aren’t enforced ultimately, you’ll destroy the society,” said Zell.

How does San Francisco justify writing its own version of the constitution?

With his extensive investments both inside and outside of the U.S., Zell remains a fan of free trade, but he supports the Trump Administration moves to renegotiate some of the trade deals.

Many of our free trade agreements are a combination of free trade and foreign policy pacts that don’t optimize economic benefits for the U.S. and instead are designed to improve diplomatic relations with trading partners,said Zell.

Before NAFTA we didn’t have a trade deficit with Mexico, afterwards we have a $60 billion deficit. Mexico, by the way, post-NAFTA has a $60 billion trade deficit with China. The U.S. thus helped Mexico’s trade picture while worsening its own. We are putting a price on the back of free trade.

New agreements must be good for the U.S. and, ultimately, that will be what is good for the free world,” said Zell.

pencil-head-its-not-a-trailer-park-els-chairman-sam-zell-c2013lifestyle-factory-homes-llc-all-rights-reserved-manufactured-housing-pro-news

To see an exclusive interview with Sam Zell, click here or the image above.

As Daily Business News readers are aware, leaders in business, including Zell, clearly understand the significant business opportunity in manufactured housing.

Warren Buffet and Berkshire Hathaway, which owns Clayton Homes, and independents such as John Bostick with Sunshine Homes are “doubling down” on the industry, with Zell being quoted as saying during this interview “Everyone calls them trailer parks. Pencil head, it’s not a trailer park.

ELS and Berkshire Hathaway are also two of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent reportlinked here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

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