Posts Tagged ‘optimism’

Optimism Among U.S. Manufacturers at Record High Heading into 2019

December 21st, 2018 Comments off



This year was one for the record books, with manufacturers’ average optimism for 2018 hitting an all-time high,” said NAM President and CEO Jay Timmons, in a release to the Daily Business News on MHProNews.


JayTimmonsNAMPhotoNationalAssocManufacturersDailyBusinessNEwsMHProNewsEmpowered by tax reform and regulatory certainty, manufacturers are keeping our promise to expand our operations, hire new workers and raise wages and benefits. But as this survey also shows, we face challenges, most seriously the workforce crisis. We have more than half a million jobs to fill right now—and by 2028, as many as 2.4 million could go unfilled if we don’t equip more Americans to take on these high-tech, high-paying careers,” Timmons said.



There is a blizzard of emails that hit the MHProNews inbox daily, so frankly, at first this report was initially overlooked.  It wasn’t until we saw the White House release on this same topic that we circled back for the toplines of this report.




While NAM represents sentiments of manufacturing in general, it certainly is a useful insight for the producers of manufactured housing.  It is also useful for those who are market watchers, investors or those working at other levels in the factory-built housing industry.  Why?



Because the broader manufacturing sector is booming.  Manufacturers are often somewhat happier about an issue like tariffs, that are rankling investors.

Much of what is imported from nation’s like China are finished goods, produced in a factory. If an improved trade deal emerges from the drama of 2018, that will be welcome news.  But if not, it is entirely possible that even more manufacturing will return to the U.S., and that is good for America too.

Two more points, before turning to some toplines from the related White House press release.  First, as factory-producers and developers know, there are a growing number of imported units coming into the U.S.  Tariffs – if the trade tiff continues – could arguably mean that some will turn to a domestic builder instead of one from China.

Second, all news has to be considered carefully, mainstream or other news.  Right or wrong, 92 percent of the news – per third party research – has been negative toward the Trump Administration. It is thus useful to periodically see that vantage point, to balance out the headlines from the left and right that we present each evening during our market recap.

With that intro, let’s look at the latest news and views from the White House.




Optimism Among U.S. Manufacturers at Record High Heading into 2019


“American manufacturers think the future looks bright,” Joe Williams reports for the Washington Examiner.


“Nearly 89 percent of the 539 companies polled by the National Association of Manufacturers in the fourth quarter held a positive outlook for their business, bringing the yearly average to 92.4 percent, the highest in the survey’s 20-year history.”

Click here to read more.



Saturday will mark the one-year anniversary of President Donald J. Trump signing historic tax cuts into law. “Kevin Hassett, chairman of the president’s Council of Economic Advisers, said strong capital spending and economic growth are proof that the good times can be sustained,” Gabriella Muñoz writes in The Washington Times. “We got exactly the growth affect we predicted last year,” Hassett said.



“Thankfully, the era of broken promises ended in 2016,” Dr. Alveda King, niece of Dr. Martin Luther King, Jr., writes in the Ledger-Enquirer. “For Trump, strengthening American communities is fundamental to American success. The FIRST STEP Act does just that by establishing job-training initiatives to better prepare prisoners to re-enter society after they are release.”



In USA TodaySecretary of Agriculture Sonny Perdue writes that the Trump Administration’s new proposed Supplemental Nutritional Assistance Program (SNAP) rules will encourage productivity instead of poverty. “The president has directed me, as Secretary of Agriculture, to propose regulatory reforms to ensure that those who are able to work do so in exchange for their benefits.”



“During the 2016 campaign, President Trump promised blue-collar and low-wage service sector workers that he would improve their lot. A new labor-market study by a major business group suggests he’s kept his word,” the Investor’s Business Daily editorial board writes. “The study by the Conference Board, the New York-based global business organization and think tank, found that blue-collar workers aren’t just doing better, they’re now in short supply.”

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NFIB – Small Business Outlook, Optimism, How Can DC Keep it Going?

June 15th, 2017 Comments off

MaySmallZBizEconomicOutlookNFIBManufacturedhousingRelatedDailyBusinessNewsMHProNewsWhile the two major parties and their respective media allies battle (sadly, literally) in Washington, Main Street is feeling optimistic.

So says the National Association of Independent Business (NFIB) President, Juanita Duggan.

Small business owners are highly encouraged by the President’s regulatory reform agenda, and they remain optimistic there will be tax reform and healthcare reform. This is a policy-driven phenomenon,” said Duggan about May’s optimism levels, in a release to MHProNews.

She says that health care reform passage, pending now in the Senate, is important.


Juanita Duggan.

But “essential” to keeping the economy and small business moving ahead is tax reform.  This is a perspective that several pro-growth economists, such as former President Ronald Reagan and Trump Campaign adviser, Larry Kudlow, have said.

If Congress wants small businesses to invest in the economy, then they must cut taxes and simplify the code,” said Duggan. While there are pledges to simplify, NFIB says there are more specifics needed.

Duggan appeared recently on Fox Business, in the video shown below.

The President’s tax plan would slash taxes for small businesses and level the playing field for businesses of every size and structure,” said Duggan. “Congress also has other good ideas for tax reform, but they need to stop talking and pass a bill.”

NFIB sources have told MHProNews that they have “hundreds” of manufactured home industry connected independent businesses as members.  These reportedly include producers, suppliers, vendors, retailers and communities, among others.  Their size in MH rivals that of the Manufactured Housing Institute (MHI), but their overall size dwarfs  the factory-built home industry.  NFIB has some 325,000 members nationally, so they have more members than there are total the estimated numbers of professionals working in manufactured housing.

Their May report linked here is a download. ##

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Economic, Financial Optimism Surges – Trump Effect?

March 17th, 2017 Comments off

NAR headquarters, Washington, D.C. Credit: NAR.

A new survey from the National Association of Realtors (NAR) shows that a combination of job gains and economic optimism are igniting consumer confidence across the country, particularly in rural and middle America.

The ongoing quarterly Housing Opportunities and Market Experience (HOME) survey from the NAR asked respondents about their confidence in the U.S. economy and various questions about their housing expectations.

According to the survey, during the first three months of this year, the share of households who believe that the economy is improving jumped to it’s highest level in the survey’s history at 62 percent, up from 54 percent last quarter and 48 percent one year ago.

Credit: NAR.

In a reversal from previous quarters, the surge in positive sentiment about the economy comes primarily from respondents living in the Midwest, 67 percent versus 51 percent last quarter, and rural areas, 63 percent versus 43 percent last quarter.


Lawrence Yun. Credit: The Business Journals.

Confidence levels generally rise after a presidential election as the nation hopes for the best. Even though it is a highly polarized country, consumers for the most part have upbeat feelings about the economy right now,” said NAR Chief Economist Lawrence Yun.

Stronger business and consumer morale typically lead to even more hiring and spending, which in turn encourages more households to make big decisions like buying a home. These positive developments would be especially good news for prospective homebuyers in the more affordable Midwest region.

Increased confidence in the economy is also translating to improved feelings about financial situations at home.


Credit: NAR.

The Monthly Personal Financial Outlook Index indicated respondents’ confidence in their financial situation will be better in six months, jumping to its highest reading in the history of the survey as well, climbing to 62.6 in March from 59.8 in December 2016. The index was 58.1 one year ago.


The Trump Effect


Donald Trump with Softbank CEO Masayoshi Son. Credit: CBS News.

As Daily Business News readers are already aware, the election of President Donald Trump has provided a spark to the U.S. economy, including small business optimism being at the highest level in 37 years.

In recent commentary to MHProNews on Gallup’s U.S. Economic Confidence Index, author David Horowitz laid out the potential impacts for the Trump Effect and how it differs from the Obama Administration.


David Horowitz. Credit: Frontpage Mag.

While his first few weeks have certainly been volatile and controversial, Trump will be a demanding leader who applies the best of his negotiating skills to push for U.S. growth,” said Horowitz.

Trump won’t be an ideological purist like Republicans who support free trade but don’t fight for fair trade.

Horowitz also had strong words about President Trump’s predecessor.

We’ve had an anti-business president now for eight years who doesn’t take a hard-nosed attitude towards these deals. Trump is going to get better deals for us, which is still free trade.

Trump will also lead the way in making infrastructure spending to boost the U.S. economy,” said Horowitz.

If the economy grows as it will under Trump, there’s going to be a lot more money to spend.

For more from Horowitz and the impact of President Donald Trump on the economy, 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.

Small Business Optimism Index: January Results

February 17th, 2017 Comments off

Credit: Oprah.

Almost one month into the Donald Trump administration, things continue to look up.

According to the National Federal of Independent Business (NFIB) survey, small business confidence, which saw the largest month-over-month increase in the survey’s history in December, has now reached its highest point in more than a decade.



The stunning climb in optimism after the election was significantly improved in


Juanita Duggan. Credit, NFIB.

December and confirmed in January,” said NFIB President and CEO Juanita Duggan.

Small business owners like what they see so far from Washington.

The Index reached 105.9 in January, an increase of 0.1 points, the highest point since December 2004.

The continued surge in optimism is a welcome sign that economic growth is coming,” said NFIB Chief Economist Bill Dunkelberg.

The very positive expectations that we see in our data have already begun translating into hiring and spending in the small business sector.


Credit: NFIB.

The NFIB survey is a monthly snapshot of small businesses in the U.S., which account for most private-sector jobs and about half of the country’s economic output. Economists look to the report for a read on domestic demand and to extrapolate hiring and wage trends in the broader economy.


Credit: NFIB.

The January jobs report surprised pundits and disappointed critics, coming in strong and well ahead of ‘consensus,” said Dunkelberg.

NFIB survey results anticipated the strong showing as their optimism gets translated into hiring action. Gains in expected sales require more workers to produce output and handle sales. The increase in labor force participation was a welcome sign, suggesting that labor markets are not as tight as the unemployment rate indicates which went up, and that, as opportunities materialize and compensation rises, more workers will re-enter the labor force.

The report from the NFIB is based on a survey of 1,874 small business owners. According to the Small Business Administration (SBA), small companies represent 99 percent of all U.S. Employers.

We’ve had very low growth for years, mainly because small businesses have been tied down by regulations, taxes, and spiraling health insurance costs,” said Duggan.

Now they can see relief on the horizon, and they are much more optimistic about the future.

For more on last month’s NFIB survey and commentary from the manufactured housing industry, 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.

Small Business Optimism Index Highest in 37 Years

January 16th, 2017 Comments off

Credit: Business Financial Services.

America’s small businesses are very optimistic.

Per Bloomberg, The National Federation of Independent Business’s (NFIB) index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4.

The December numbers represent the largest rise in optimism since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

Rising confidence adds to the economy’s upward momentum,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New York.


Juanita Duggan. Credit: NFIB.

The share of business owners who say now is a good time to expand is three times the average of the current expansion, according to data from the NFIB. More companies also said they plan to increase investment and keep hiring, which reflects optimism surrounding President-elect Donald Trump’s plans of spurring the economy through deregulation, tax reform and infrastructure spending.

We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.

The report from the NFIB is based on a survey of 619 small business owners through December 28th. According to the Small Business Administration (SBA), small companies represent 99 percent of all U.S. Employers.


Credit: NFIB.

Business owners who expect better business conditions accounted for 48 percent of the overall increase,” said NFIB Chief Economist Bill Dunkelberg. “The December results confirm the sharp increase that we reported immediately after the election.

The Manufactured Housing Industry Speaks


Voices from around the manufactured housing industry also expressed optimism in the wake of President-elect Trump’s November win.


Jim Clayton, credit, MHProNews.

 “The economy, regulations, and politics need disruptingStay tuned,said Clayton Homes Founder Jim Clayton.

I have become increasingly pleased with the outcome, but tempered that with cautious optimism.


D.J. Pendleton. Credit, MHProNews.

It’s the dawning of a new day. After the shock and elation or disappointment wash over us, and we all have taken a collective deep breath, we can begin looking to the future. And in that future I think it is safe to say that changes, well, they are a comin’ in,” said DJ Pendleton, Executive Directory of the Texas Manufactured Housing Association.

“For any who might not yet be aware, in addition to President-Elect Trump heading to the White House, both the House and Senate will now be controlled by a Republican majority. All three branches of government are in Republican control. What will this mean? It simply means that there is little in the way of the Republican policy agenda.

M_Mark_Weiss_MHARR_president__mhpronews__credit postedDailyBusinessNewsMHProNews

MHARR president and CEO M. Mark Weiss. Credit: MHProNews.

With a personal background in business, rather than government, Mr. Trump, during the just-ended campaign, has been a consistent critic of innovation-stifling and job-killing overregulation and regulators who ignore or rationalize the far-reaching negative impacts of such regulations on the health of the economy, smaller businesses and consumers,” said MHARR President and CEO M. Mark Weiss.

For more from the manufactured housing industry on the election and the economy, 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.

Americans’ Optimism Grows about Housing Market

January 8th, 2014 Comments off

A monthly housing survey indicates half of the respondents are optimistic about obtaining credit for a mortgage, an increase over the 45 percent who felt that way one year ago, despite the recent rise in mortgage rates. This survey from December marks the highest sentiment of respondents since Fannie Mae began tracking consumers’ attitudes three years ago. Respondents who think it is a better time to sell their house and to buy a house both rose in the survey, MHProNews has learned from Says Doug Duncan, chief economist at Fannie Mae, “The marked improvement in housing market sentiment over the course of 2013 bore out our view going into the year that the housing recovery was on a firm footing. These consumer attitudes should support a continued but measured housing recovery as we move through 2014.”

(Photo credit:  Greg Vote/Getty Images–two-story  manufactured home for sale)

Consumer Sentiment Rising

June 28th, 2013 Comments off

A survey released today (June 28) indicated consumer sentiment among higher-income families nearly rose to its highest level in six years, hitting 84.1 in late June, 2013, just below the 84.5 six year high in May. Economists surveyed by Reuters had forecast 82.8 for June, as MHProNews has been informed by rvbusiness. Since consumer spending accounts for 70 percent of the national economy, some analysts base their judgments on the optimism (or not) of consumers about the economy. Survey director Richard Curtin says, “Consumers believe the (economic) recovery has achieved an upward momentum that will not be easily reversed.” Consumer spending in the first quarter grew at an annualized rate of 2.6 percent, faster than the 1.8 percent in Q4 2012, but below the government prediction of 3.4 percent growth.

(Image credit: photobucket)

Real Estate Guru Expresses Optimism

November 15th, 2012 Comments off

Dr. Mark Dotzour, chief economist at Texas A & M’s Real Estate Center, proclaims tax credits to buy homes or cars represents a fake economic recovery. When people buy because they want to marks a real recovery, which he says is starting to happen now because there is so much pent-up demand. As reported in CommercialSource, speaking to a National Association of Realtors (NAR) gathering, Dotzour stated that real estate is an investment, but the commodity markets are “hedging instruments, not investments.” He says Americans once again have credit after five years of postponing life events because of the economic downturn, which gives him optimism that the housing recovery is taking hold. But as MHProNews has learned, he also says many commercial real estate loans are buried in the system. Requiring another 5-8 years to flush them out. For more of his remarks, click here.

(Photo credit: CommercialSource/NAR’s Jan Hope welcome Dr. Mark Dotzour)

NAHB Cautiously Optimistic

October 18th, 2012 Comments off

The National Association of Home Builders (NAHB), while noting their prediction of a 21% rise in single-family housing starts this year to 528,000 units, and next year to 665,000, says the uncertainty of how the Dodd-Frank Act plays out is preventing lenders from loosening credit, and further constraining the housing recovery. In addition, the unknown effects of the “fiscal cliff” of mandatory budget cuts and tax increases at the beginning of 2013 have put some investors on hold. Mark Zandi of Moody’s Analytics, forecasting optimism, says the GDP will grow two percent for the year and housing starts will total 1.1 for 2013. But he also notes hiring will not pick up until the “fiscal cliff” is resolved. And as MHProNews has learned, the economy will be stymied until hiring increases.

(Photo credit: Fotosearch)

Consumer Confidence Nudges Up

August 17th, 2012 Comments off

HousingWire says analysts with Econoday report consumer confidence rose slightly in August to 73.6 over 72.3 in July, according to the University of Michigan and Reuters. While the consumer outlook on current market conditions rose nearly five points to 87.6 in August, Econoday says “this gain isn’t translating into any more optimism on the outlook as the expectations index fell more than one point to 64.5 versus 65.6 in July.” The Dow moved immediately higher in response to the news. As MHProNews has learned, while the numbers for the housing market improve, the overall economy continues to face substantial risks.

(Image credit: HousingWire)