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

January 3rd, 2018 Comments off

TestingTaxCutsCBSDailyBusinessNewsMHProNewsThe National Federation of Independent Business (NFIB) issued the following statement in a release to MHProNews.

President and CEO Juanita Duggan, speaking about the on Tax Cuts and Jobs Act becoming law:

NFIB fought for decades for a real tax cut for small business owners. The Tax Cuts and Jobs Act dramatically improves the way small businesses are treated, delivering hundreds of billions of dollars in tax cuts,” she said.

Small business optimism has been near record highs all year long in anticipation of this moment. Starting in 2018, millions of small businesses will have substantially more money to convert their optimism into investments. They can buy new equipment, increase inventory, pay workers more, create new jobs, and engage in the economic activities that drive the U.S. economy,” per Duggan’s statement.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidenceThe Tax Cuts and Jobs Act is a once-in-a-generation achievement. This is a historic day for small business and the country. We are grateful to President Trump for his leadership on this issue, which started even before he took office. Today he fulfilled his promise to cut taxes for American small businesses,” according to the NFIB.

From left-of-center CBS, we learn that the tax cut bill will in fact help the middle class.

As regular Daily Business News readers know, NFIB has over 300,000 members, hundreds of whom are reportedly from the manufactured home industry.

While the tax law will bring changes that are routinely being celebrated, per experts, as good for the middle class and small business, understanding the changes can help maximize benefits for small businesses.

The right-of-center Fox Business video above may prove useful. ## (News, analysis, commentary.)

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MHARR vs. MHI on DOE Energy Rule, Pushback Pay$ Off?

December 19th, 2017 Comments off

ManufacturedHousingInstituteMHILogoManufacturedHousingAssocRegulatoryReformMHARRLogoDeptOfEnergyLogoPushbackDailyBusinessNewsMHProNewsWashington, D.C. – The proposed rule to implement manufactured housing “energy” standards, published by the U.S. Department of Energy (DOE) on June 17, 2016 and consistently opposed by the Manufactured Housing Association for Regulatory Reform (MHARR) in every phase of its development the only national manufactured housing industry trade organization to do so has been downgraded to the status of an inactiverulemaking in the latest update of the Federal Semiannual Regulatory Agenda (SRA), released on December 14, 2017,” MHARR told the Daily Business News via a release.

The proposed rule, which emerged from a tainted, illegitimate and scandalous negotiatedrulemaking process at DOE, and would have added $6,000.00 or more to the retail cost of a new double-section HUD Code manufactured home, was initially downgraded to a long-termregulatory action by the Trump Administration in the Spring 2017 SRA, meaning that a final rule would not be published for at least 12 months following the publication of that SRA,” said the MHARR release.

Its re-designation now, to inactivestatus, means, at a minimum, that the rulemaking has been removed from any active development or timeframe and could indicate that the proposed rule will ultimately be withdrawn by DOE in its current form,” the Washington, D.C. based trade association stated.

Regular Daily Business News readers may recall the documented “flip-flop” of the Manufactured Housing Institute (MHI) on the now-stalled energy rule, see the previous report, linked below.

Manufactured Housing Institute (MHI) Shifts on DOE Regulatory Rule, Report, Analysis

MHI was initially promoting the DOE Rule, and did so for some time, before their pivot.  Per the NAHB’s “Priced Out” study data, that could have cut over a million potential buyers out of the manufactured home market, and the potential for home ownership.

NAHB Report – High Cost of Regulations Impact Housing – and Manufactured Housing

Because consumers can already order Energy Star™ or upgraded energy-saving homes, what the DOE rule did was limit consumer choices, besides the potential loss of ownership opportunities.  Thus, the proposed DOE rule harmed consumers, as well as the retailers, communities, lenders, insurers, and others that serve them.

How is that consistent with prior MHI Chairman Nathan Smith’s call for the Arlington-based organization to be pro-active, vs. reactive?


Documented Pushback, Resistance Paying Off

Perhaps anticipating an MHI claim for a win that they didn’t achieve – and for some time, worked against – MHARR points to the evidence that they the lone hold-out on the once-MHI promoted regulation.

MHARR has been a vocal and consistent opponent of the DOE proposed “energy” rule, casting the only “no” vote against that proposal (supported in the Working Group by the Manufactured Housing Institute) as a member of the DOE Manufactured Housing Working Group. MHARR later submitted comprehensive 35-page written comments opposing the proposed rule, which extensively detailed not only its extreme cost and expected devastating impact on the manufactured housing industry and American consumers of affordable housing likely eliminating millions of Americans from the manufactured housing market and from home ownership altogether — but also the scandalous process at DOE that led to its development and DOEs failure to fully-quantify the expected costs of the rule by omitting anticipated testing, inspection and enforcement expenses,” said MHARR.

The Digital Journal documented earlier this year the next part of MHARR’s efforts and contentions.

 

Per their statement to MHProNews,MHARR also encouraged the U.S. Small Business Administration (SBA) to submit comments on the proposed rule, which it did, joining with MHARR in highlighting its extremely negative implications for the smaller businesses that comprise the traditional core of the manufactured housing industry.  Highly critical opposition comments citing MHARR in part — were also filed by the George Washington University Regulatory Studies Center.”

Comments Period

MHProNews documented the following for industry readers and investors last summer.

Following the conclusion of the official regulatory comment period on the proposed rule, MHARR submitted additional written comments calling for its rejection and/or retraction based on: (1) the Trump Administrations official disavowal and rejection of the Obama Administration’s “Social Cost of Carbon(SCC) construct, which was used to inflate the alleged “benefits” of the proposed rule; (2) the Trump Administrations disavowal of the Paris Climate Accord,which formed part of the policy basis for the proposed rule; and (3) the regulatory reform mandates set forth in Trump Administration Executive Orders (EO) 13771 and 13777,” per the MHARR statement.

MHARR Reminds the Industry that this DOE Proposed Rule Battle Isn’t Over, Yet…

While not conclusive yet, the successive designation of the proposed “energy” rule as a long term actionand now an inactiveproceeding could indicate that the new Trump Administration leadership at DOE is cognizant of the many fatal substantive and procedural flaws inherent in the June 17, 2016 proposed rule, and will not proceed to finalize that rule as currently constituted,” said MHARR.

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNewsMHARR President and CEO Mark Weiss stated: “The DOE proposed manufactured housing energy rule was and is a paradigm example of destructive government regulatory overreach in the service of an ideological agenda rather than the people who the federal government was elected to serve.”

Weiss continued, saying, “Indeed, as the Trump Administration seems to realize, this outrageous one-size-fits-all mandate would eliminate all of the known, recognized and significant benefits of home-ownership for millions of Americans who would be priced out of the market for the nations most affordable homeownership resource by this needless and destructive rule.  Having gone this far, the Trump Administration should officially disavow this proposed rule and allow consumers the freedom of choice that results from free markets and robust competition.”

Analysis

By way of analysis, MHARR’s release seems to have several purposes.

1)    Remind readers that MHARR took a consistent, and principled, approach to the DOE Energy rule, and that it was MHI that flip-flopped.

2)    That though they have a smaller budget and staff, they lined up relevant and respeted third party supporters for their position, which is paying off.

3)    They are calling on the Trump Adminstration to complete the job by killing the rule altogether, which would be consistent with the Adminstration’s stated philopophy and approach.

About MHARR

Some in the industry’s commentary arena have not yet clearly stated that MHARR and MHI are two different types of organizations.

MHARR states their mission and purpose in their own words,  “The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.”

Meaning, MHARR is an independent production-focused organization.  Efforts like this one reflect the fact that MHARR does achieve success by using a consistent, principled, fact-based approach.  Over time on this DOE issue, they de-facto bent MHI to their will.

Pushback pays off.

By contrast, as the Daily Business News has noted on several occasions, MHI is an umbrella organization that claims to represent both production and post-production (meaning, those operations that don’t build –  after-production or “post production“ – manufactured home businesses, such as retailers, communities, lenders and other service providers).

The Arlington-based MHI has periodically sent what several industry members have alleged are half-truths, spin, or outright deception.  Why?

Manufactured Housing Institute Outgoing Chair Tim William’s Remarks vs. MHI CEO Richard “Dick” Jennison Comments, Fact Checks

MHI’s positions tend to benefit the largest members, even if they fail to achieve their stated goal, because failure leads over time to more consolidation.

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

 

The original MHARR release is linked here. “We Provide, You Decide.” © ## (News, analysis, commentary.)

2 Week NoticeMHProNews will be on a somewhat modified publication schedule from now through January 2nd, resuming normal scheduling in 2018. More detailsclick here.

Notice 1: Looking for our emailed MH Industry headline news updates? Click here to sign up in 5 seconds. You’ll see in the first issue or two why big, medium and ‘mom-and-pop’ professionals are reading them by the thousands, typically delivered twice weekly.

Notice 2:  Want sustainable growth?  Join the Manufactured Housing Revolution team’s proven marketing and other MH Professional Services, click here.

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Oxford Magazine Spotlights John Bostick & Sunshine Homes

December 6th, 2017 Comments off

OxfordMagazineSpotlightsJohnBostickSunshineHomesDailyBusinessNewsMHProNews

A recent article in Oxford Magazine featured the thoughtful gift of President and CEO John Bostick, who donated a manufactured home to The Pantry.

The Pantry has provided food for those who might need that extra bit of sustenance, and the countless volunteers who run and work at the facility have been more than ready to accomplish the task,” said Oxford Magazine.

The Pantry, as the magazine said, had several places they operated from, until Bostick provided them a manufactured home for their use.

The screen capture above is taken in part from their non-commissioned story.  To learn more, and see the release, click here.

Bostick is one that leads by example, and as the Oxford story exemplifies, he has for years.  To learn more about the company, click here.

Successful Professional Couple Spotlights Modern Manufactured Home Living Realities 

Bostick and Sunshine Homes have also supported the proper understanding of modern manufactured homes, through videos and interviews, like those linked above and below.

Publisher Rebuked! Doubting Doctor, Skeptic Stunned!

It is worth noting that the Bostick-led firm is growing at more than double the rate of the industry at large.

JohnBostickPresidentCEOSunshineHomesRedBayAL683

Sunshine does so with upscale, residential style homes, and the proper education about the value of such Energy Star homes. ## (News, announcements, and commentary.)

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New Bill on Manufactured Home Inclusion/Regulatory Impacts

October 27th, 2017 Comments off

USCapitalBuildingDaliyBusinessNewsManufacturedHousingIndustryProfessionalMHProNews771A new bill has been introduced in Congress by Rep. Norma Torres (D-CA) that would impact both the regulation of manufactured housing by the U.S. Department of Housing and Urban Development (HUD) and, potentially, the utilization of HUD-regulated manufactured housing by local jurisdictions that receive housing-related federal grants from HUD.” 

So a release by the Manufactured Housing Association for Regulatory Reform (MHARR). 

The release to MHProNews continues:If pursued correctly by the industry’s post-production sector, this legislation could provide potentially-significant market opportunities for manufactured housing retailers, communities, developers and finance companies.”

The bill is entitled the HUD Manufactured Housing Modernization Act of 2017 (H.R. 3793).

It contains two primary elements.

MarkWeissManufacturedHousingAssociationForRegulatoryReformMHARRPresidentCEOMHProNews

Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

First,” says Mark Weiss, JD, President and CEO of MHARR, “it would require HUD, in issuing “any new rule or regulation,” to “include, as appropriate, guidelines that assess the impact of the rule or regulation on owners of residential manufactured homes and the production and sale of residential manufactured homes.”

That in some ways would mirror the Trump Administration’s call for common-sense, more pro-business regulations.

Second, it would require the HUD Secretary to “issue guidelines for jurisdictions related to the appropriate inclusion of residential manufactured homes in a Consolidated Plan of the jurisdiction,” Weiss’ release stated.

If enacted, this bill would be potentially significant for both the manufactured housing industry and consumers of affordable manufactured housing, in that it would supplement and expand the scope of language currently contained in the Manufactured Housing Construction and Safety Standards Act of 1974 (as amended) which requires HUD to assess the cost-impact of new or amended standards and regulations (and interpretations of both) on the cost of manufactured homes “to the public,” MHARR said.

This expansion is potentially important for industry members (including the post-production sector) and consumers, in that it would – for the first time – recognize and make relevant to the rulemaking process, cost impacts directly affecting the “production and sale” of HUD-regulated manufactured homes (which the program, under its current administrator seeks to ignore),”

ManufacturedHousingAssocRegulatoryReformPamDannerMHIMHARRLogoFrostFreeFoundationIBMHProNews

http://www.mhpronews.com/blogs/daily-business-news/mharr-mhi-statements-on-huds-frost-free-ib-rule/

MHProNews has previously noted that it higher costs and other burdens are among the problems with recent HUD guidelines, such as the Frost-Free Foundation IB, and on-site completion guidelines.

HUDManufacturedHousingConsensusCommitteeMHCC-postedDailyBusinessNewsMHProNews

MHARR says that, “if enacted as currently drafted, it would clarify that the relevant focus of the statutory cost analysis is the impact of the new or amended rule or regulation on the “owner” of the home and the cost of the “production and sale” of the home.”

The MHARR statement may signal the direction the association will take regarding their proposed expansion to serve the post-production sector.  That discussion will, sources say, be discussed by their production/members, during their November conference call.

Another Possible Step Ahead…

Further, the bill would make manufactured housing a feature of the “Consolidated Plans” submitted by jurisdictions applying for HUD federal grants,” the Washington, D.C. based independent HUD Code producers trade group said.

Such “Consolidated Plans,” according to an official HUD statement, are: “designed to help states and local jurisdictions to assess their affordable housing and community development needs….  The consolidated planning process serves as the framework … to identify housing and community development priorities that align and focus funding from the CPD formula block grant programs: [the] Community Development Block Grant (CDBG) Program, HOME Investment Partnerships (HOME) Program, Emergency Solutions Grant (ESG) Program, and Housing Opportunities for Persons With AIDS (HOPWA) Program.”


MHARR has been tracking this bill and monitoring it closely, and has already addressed various specific aspects in person with Rep. Torres’ office.  The Association will continue to follow this bill as it progresses through the legislative process,” Weiss’ statement concluded.   ## (News, Analysis.)

Note: a complimentary video and report was part of last night’s spotlight feature, to see that, please click here.

RXforUSEconomyLessisMoreDailyBusinessNewsMHProNews

Less regulation can often yield lower costs, higher production, and more job creation, without sacrificing consumer safeguards. To see the video, click here.

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“Sabotage” says U.S. Senator

August 4th, 2017 Comments off
SenatorRonJohnsonR-Wi-officialPhotoDailyBusinessNewsMHProNews

U. S. Senator Ron Johnson, (R-WI), official photo.

I think there has been a concerted effort to sabotage this administration since day one on the part of many in the media and of course our Democrat colleagues in the House and Senate,” Sen. Ron Johnson (R-Wis.) said to Newsmax TV.

So obviously what they’re trying to do is just slow down the confirmation process,” Johnson said.

That does two things,” the senator explained, “that clogs the Senate calendar in terms of floor time to bring up other measures for debate. We just end up being almost 100 percent in the personnel business, and it prevents this administration from staffing itself.”

Deep State Revolt?

Johnson isn’t alone is raising an alarm over “media organizations and Democratic lawmakers” trying to bring down the Trump Presidency.

Industry sources tell MHProNews that there are several signs that the administration is being “resisted” in a metro area largely made up of Democratic voters.

Or that some GOP senators are essentially siding with Democrats in an effort to sideline the administration’s agenda.

JohnMcCainDemocraticPartysFavoriteRepublicanGoogleNewsDailyBuisnessNewsManufacturedHousingIndustryProNews

Image credit, Google News.

Under Reported

The 6 month economic report by Julia Granowicz last night underscored the progress made, based on left-of-center MarketWatch’s reporting. 

TrumponomicsFirst6Months9ChartsDailyBusinessNewsManufacturedHousingIndustryMHProNews

It is telling that it has become important to note which direction a media source tilts, in order for readers to be able to discern the agenda behind the reports. This goes to Senator Ron Johnson’s opening, quoted comments. To the numbers in last night’s report, click the image above.

But what goes unmentioned – even in many right-of-center media – is that the record market gains are taking place absent an artificial stimulus.

As was widely reported for years – but has gone largely unmentioned in mainstream media for months – is that the Federal Reserve bought assets as an artificial way of boosting the stock markets during the Obama Administration years.

FederalReserveQuantitativeEasingDailyBusinessNewsManufacturedHousingIndustryProNews

One often has to go to business focused outlets to find such data. What the above means is that the record stock market gains are taking place in spite of the ‘unwinding’ of the assets that the Fed purchased to support the markets during the Obama years.  Translation, the Trump agenda is working…despite the open revolt Senator Johnson and others point out. Screen captures credit, Google News.

The gains being made now are taking place even as the reverse policy by the Fed has begun. CNBC reported in April that the “Federal Reserve officials said the shedding of the $4.5 trillion in bonds the central bank is” underway.

Those assets were purchased (monetized) by the Fed during three rounds of what they called “quantitative easing.

Sabotage…Leaks, Leaks

Fox News reports that there have been some 125 leaks since the president took office, about 2 leaks on average for every 3 days. 

A number of those leaks are on national security related issues, designed to embarrass and undermine the presidency. Amazon’s Jeff Bezos media asset, the Washington Post, published transcripts this week of two calls between Mexican and Australian leaders and President Trump.  While those phone discussions took place months ago, nevertheless, this is said to be a first in American politics.

The chilling effect that might have on discussions between foreign leaders and the U.S. can’t be underestimated.

PamDannerMHARRManufacturedHousingAssocRegulatoryReform554x581With all of that D.C. “Deep State,” the “swamp” drama, it is not difficult to imagine that issues like Pam Danner keeping her job at HUD could seem minor to those outside of the modest manufactured housing industry.

Chris Wallace – son of CBS’ 60 Minutes icon Mike Wallace and Fox News Sunday host has said this is an unprecedented effort to undermine a valid election.

With that much artificially generated chaos, no wonder President Trump went to West Virginia last night for a campaign style rally. 

Campaign Style Rally

ABC News said at last night’s rally, President Trump labeled “The Russia story is a total fabrication. It’s just an excuse for the greatest loss in the history of American politics.”

The LA Times said, “Blaming Democrats even as the Justice Department special counsel has advanced his investigation, Trump said, “It just makes them feel better when they have nothing else to talk about.”


Trump had what the left-of-center LA Times called an “overflow crowd of supporters in a 9,000-capacity Huntington, W.Va., arena” which broke into the “chant “Lock her up!” and then paused to encourage their taunts at Hillary Clinton, his 2016 Democratic rival, just as he first did more than a year ago at the Republican convention that nominated him for president.”

The Daily Business News will continue to report on the complex efforts to derail the Trump Administration, and its “American Business,” and “American Workers” first agenda. ## (News, analysis.)

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HUD Secretary Ben Carson Exclusive Video – ‘Absolutely!’ ‘We Need Crusaders’

June 30th, 2017 Comments off

HUDSecBenCarsonAbsoluteNeedHousingCrusadersAffordableHousingManufacturedHomeDailyBusinessNewsResearchDataReportsVideoDailyBusinessNewsMHProNews410As June 2017 winds to a close – a time which President Donald J. Trump proclaimed to be Home Ownership month – Housing and Urban Development (HUD) Secretary Dr. Ben Carson hosted a video broadcast via Facebook, which MHLivingNews captured, enhanced from the original and provided to the Daily Business News.

The video Q&A discussion provides several insights into Dr. Carson that could prove useful to the manufactured housing industry.

Carson Raise the Topic of Factory Housing and Innovation

Carson himself raised the topic of factory-based home building.  He spoke too about innovations that the free enterprise system could create and provide, that would yield lower cost home ownership options.

The discussion includes some of the following topics:

  • Financing programs
  • The Section 8 voucher can be used to buy housing program
  • Programs to help prepare or get people into a home successfully
  • Public Private Partnerships
  • Getting people out of troubled housing projects and poor environments
  • The connection between health and housing, and much more
  • The need for 5 and 10 year planning
  • The “absolute” need for crusaders

Dr. Carson presents himself as a true believer in free enterprise.

He also wants helping people to get an opportunity to climb the ladder to success.  Carson notes that those who own a home have an average net worth of $200,000, while those who rent have an average net worth of $5,000.

HUD’s new secretary wants sustainable home ownership, which he admits isn’t for everyone, but he wants those opportunities to expand to millions more than enjoy it today. ##

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4 and 0 – Special Elections and Manufactured Housing – Clayton, Connor, Hamilton

June 29th, 2017 Comments off

SpecialElectionGOPDemsSpecialElectionMHProNewsI don’t care whether you are a liberal, conservative, independent or something else – the bottom line with this year’s [2016 presidential] election was simply more of the same or something new, different or unique,” said Tim Connor, CSP.

Jim Clayton told MHProNews that “my thinking is increasingly optimistic and tends to align with those Republican leaders who are creatively saving-face while migrating back to the fold – and to PresidentDonald the Disruptor.”

But reading or watching much of the mainstream media makes it clear that many feel differently than Clayton’s founder or those who support the “Donald the Disruptor” agenda. #Resistance, insults to the president, his supporters and our industry from those like Keith Olbermann – reported here – have been headline news.

Georgia 6, MSM and MHVille

For several months, the mainstream media (MSM) covered the run-up to the Georgia 6th district special election.

KarenHandleJonOssoffGA6thManufacturedHousingIndustryNewsMHProNews

Karen Handel and Jon Ossoff, photo credit, Britany Photos, provided under fair use guidelines.

Republican Karen Handel won Georgia’s special election on Tuesday, June 20th.  That win kept in the GOP 4-0 vs. Democrats in the post-inauguration special elections.  The race pitted Handel – who emerged from a crowed Republican field – to defeat a young, appealing-to-many Democrat, Jon Ossoff.

While manufactured housing is far from a homogenous group politically, informal surveys have suggested that the professionals in the industry tend to favor President Donald J. Trump’s agenda.

A New York Times survey pre-election in 2016 indicated that most “mobile home” [sic] residents also tended to favor Trump.

DefiningSICinJournalismDailyBusinessNewsMHProNews-comBoth MHI and MHARR have officially welcomed the Trump Administration, notably on areas where regulatory roll backs, pro-growth business policies are being advocated and advanced.

MapGA6CongDistrictNAtlantaManufacturedHousingIndustryDailyBusinessNewsMHProNews653

GMHA – the View of Handel-Ossoff from GA 6th

jay-hamiltong-executive-director-georgia-manufactured-housing-association-gmha-posted-mhpronews-com1-1

Jay Hamilton, Executive Director, Georgia Manufactured Housing Association (GMHA).

The New York Times and the DNC [Democratic National Committee] decided to take this election and show Trump was such a poor President that even a Moderate Democrat could win in a typically Republican suburban district north of Atlanta. Trump only carried the 6th District by 2% because this district has been slowly shifting toward the Dems for the last few years,” said Jay Hamilton, Executive Director for the Georgia Manufactured Housing Association (GMHA), to MHProNews.

All the [pre-election] polls showed Ossoff winning by a few points,” said Hamiliton, “but as it [the race] tightened up, the polls never [properly] reflected the change.”

Hamilton pointed out that record sums were spent, most of it from out-of-state. He noted the appeal of Ossoff and that he had many of the qualities that might have won Democrat.  “They were millennial hunting,” he with Ossoff, he said, trying to get someone who sounded fiscally conservative but socially liberal.

The GMHA exec recalled that “Handel is a very vocal opponent to abortion due to her devout Christian faith,” adding – “she left as Vice President the Susan Koman Cancer Foundation in a stink because she was encouraging them to not fund Planned Parenthood…” Hamilton noted one of the key errors in the Democratic strategy.

The “DNC made a huge deal out of how important this election was to them. They should have kept that to themselves. [They] Kept bragging about Trump was going to hand this to them. This brought out all the Republican voters as well as the Dems who voted for Trump to vote against DNC.”

Hamilton detailed several tactical and strategic errors the Democrats made, including: “They ran a candidate who could not vote in his own district that he was running in. He lives two districts a way.  Bad, Bad, Bad move as [POTUS] Trump would say.”

FactoryBuiltHomesManufacturedHomeFromGMHAWebsiteManufacturedHomeProNews

Screen capture from GMHA website, shown under fair use guidelines.

What this leaves the DNC with is an 0-4 record, in some cases after having spent huge sums of money in a local race.  Early estimates for this GA6 contest indicate it was the most money ever spent on a congressional race.  Hamilton tells MHProNews to expect to see more of Ossoff in the future, as this is the kind of candidate the DNC is looking to win with.

NBC News’ Chuck Todd has said that while the president doesn’t have a clear majority, he does have a clear polarity of voters, describing his followers a the biggest thing out there in politics today.

Michael Bloomberg – who has considered an independent run for the White House and leans left – has stated that at this point, President Trump is well on his way toward re-election in 2020.

But the current GOP in the House and Senate may – or may not – fare as well, unless they get some key legislative items like a publicly acceptable repeal and replace ObamaCare, and tax reform done.

Democrats are still trailing in fund-raising, so given a mixed mood about the Congress, a plurality for the president and the DNC in disarray, the next 18 months are up for grabs. ##

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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.

JuanitaDugganPresidentCEONational_FederationIndependentBusiness(NFIB)postedDailyBusinessNewsMHProNews-

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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Northpoint’s nearly 900 Million Portfolio Being Acquired by Canadian Laurentian Bank

June 7th, 2017 Comments off

BanqueLaurentieneeNorthPointCommercialFinance900MDealManufacturdHousingDailyBusinessNewsFollowing five consecutive years of robust growth and the development of an impressive customer base throughout North America, Northpoint Commercial Finance has recently announced that they are to be acquired by LBC Capital, a subsidiary of Laurentian Bank of Canada,” the company tells MHProNews

The transaction is expected to close before the end of 2017 fiscal year, subject to customary closing conditions, including applicable regulatory notifications and approvals,” a source speaking on behalf of Northpoint stated.

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Jeff Collins EVP Operations. Northpoint Commercial Finance, Manufactured Housing Floorplan Lender.

Jeff Collins, Executive Vice President of Operations, stated, “Our acquisition by LBC Capital is a natural and anticipated part of our evolution as an organization. We were founded in 2012 via private equity, and experienced significant growth over the last five years requiring access to highly reliable capital. Laurentian Bank, in business for over 170 years, is expected to provide us the stability needed to continue our expansion.”

Dan Radley, President and CEO of Northpoint, said, “We’re eager to work with the entrepreneurial team at LBC

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Dan Radley CEO. President Northpoint Commercial Finance, Manufactured Home Industry Wholesale, Floorplan, Commercial Lending.

Capital, who we align very well with culturally. They are truly excited about our business and committed to the continuation of our value proposition, which includes a passion for customers, speed in execution, and a highly personalized approach to lending.”

RV Pro reported that, “Laurentian Bank of Canada announced the planned acquisition of Northpoint Commercial Finance, which is among the leading U.S. and Canadian inventory finance lenders with a portfolio of approximately $892 millionLaurentian plans to finance the acquisition through a $167 million subscription receipts equity financing and existing balance sheet liquidity.”

As many Daily Business News readers know, Northpoint has extensive numbers of businesses in manufactured housing that utilize their services.  Part of their press release to MHProNews read in part as follows:

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in Alpharetta, GA, and Burlington, ON, combines experience with advanced technologies, fresh ideas, streamlined processes, and a customer focus formed specifically for the varied needs and goals of each business. Northpoint’s inventory finance offerings drive sales, enhance cash flow, and improve profitability for both manufacturer and dealers.

Additional details of the Northpoint deal are available at this link here.

More information about Northpoint and their offerings is available at www.northpointcf.com. ##

(Image credits are as shown above.)

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

 

While MSM Spins Anti-Trump Narrative, Voters and Donors Support the President

May 26th, 2017 Comments off
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Credit: Death to the MSM.

The two most visible billionaires in manufactured housing are evenly split between pro-Democratic Warren Buffett, and now pro-Trump Sam Zell.

Certainly, other industry professionals run the gamut, from pro-Democratic, pro-GOP, Libertarian, other political affiliations and the all-important independents. But informal surveys of industry professionals by MHProNews reveals that the clear majority support the president and his policies.

That millions of voters feel the same way was reflected yesterday.

Last night’s special election in the state of Montana, won by Republican Greg Gianforte, was another piece in the puzzle of the tenuous D vs. R dance.

According to ABC News, Gianforte, who defeated Democratic opponent Rob Quist to win the special election for the U.S. House seat in Montana, had his campaign thrust into the spotlight after Guardian reporter Ben Jacobs described being “body-slammed” by the GOP candidate. A Fox News crew who witnessed the incident said the former technology and software executive “grabbed Jacobs by the neck with both hands and slammed him into the ground behind him.”

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Winner in last night’s special congressional election in Montana, Greg Gianforte. Credit: Wikipedia.

I’m sick and tired of you guys,” Gianforte said in audio of the event released by The Guardian.

I went from being vertical one moment to being horizontal the next,” Jacobs told Good Morning America.

While the alleged incident goes through the misdemeanor legal process, the Gianforte victory leaves Democrats without a win in special elections since November of last year, with Republicans having won contests in Louisiana, Kansas and now Montana.

Additional races for special House of Representative seats next month in California, Georgia and South Carolina will provide additional chances for Democratic candidates to make an impact, but there may be larger issues looming.

 

It Has to Make Dollars to Make Sense

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Credit: YouTube.

Besides ballots being cast, another measure of the pro-Trump advantage has been in fundraising.

According to Politico, the Republican National Committee raised $12 million in March and a total of $41.5 million in the first quarter. The RNC now has $41.4 million cash on hand and no debt.  In April, the Democratic National Committee reported the worst month for the DNC since 2009 for fundraising, with only $4.7 million. It seems that while the anti-Trump political and media bubble are crying ‘resistance,’ ala Keith Olbermann, the Trump-train crowd – 96% of whom would pull the level for the president again – are having none of what they see as ‘agenda media’ spin.

Pro-Trump voters wonder, Is Anything Real Anymore?

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Credit: Media Nation.

Commenting on his sharing of data from a recent FOX News poll, analyst Howard Kurtz was to the point.

A Fox News poll came out the other night, and I tweeted some of the findings about President Trump. No analysis, no commentary. Just a few numbers,” said Kurtz.

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Howard Kurtz. Credit: Wikipedia.

Trump approval at 40%, down from 45% last month. 53% say his agenda is coming apart; 44% say he’s shaking up Washington.”

68% approve of DOJ naming a special counsel, 29% disapprove. Well, you’d have thought I had called for the president’s impeachment. I practically got buried under an avalanche of angry tweets.”

Kurtz continued.

The troubling thing here is that we no longer agree on a common set of facts. Conservatives and liberals are increasingly in their own silos, turning to their own opinionated media sources and constructing their Facebook and Twitter feeds the same way,” said Kurtz.

If everything is fake news, then the role of news in fostering intelligent debate is decimated. And I don’t need a poll to be sure of that.”

While polling may present difficulties, facts are static.

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President Trump with a graduate at the U.S. Coast Guard Commencement. Credit: Daily Mail.

As the Daily Business News covered in a featured story recently, President Trump continues to make progress for American businesses and jobs, including the lowest unemployment rate in decades.

He enjoys the highest consumer, business confidence, and homebuilder confidence numbers in years.

Along with over $160 billion in ‘immediate’ federal and private business deals with Saudi Arabia, and some $300 billion more planned over the next decade, what ELS Chairman Sam Zell colorfully called a “cacophony” of Deep State resistance has moved into high gear.

It’s SABOTAGE,” said President Trump in a White House press release to MHProNews.

The fake news media is working hand-in-hand with Washington’s corrupt bureaucracy to try to slow and block our America First Agenda.”

The special interests know they can only win when you, the American people, lose,” Trump continued. “But we’re fighting to break the special interest stranglehold around our country that has silenced our citizens, stripped our nation of its wealth, and bled America dry.”

What It Means for MH

The manufactured housing industry’s fortunes stand to rise with the economic effects from President Trump’s moves.

MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach spoke on the matter during his Inside the MH Road Show video interview with MHARR adviser and former association leader Danny Ghorbani, and current MHARR President and CEO Mark Weiss, JD.

Well, let me put it to you this way, if this industry was to create a person to put in the White House for betterment of our industry and consumer, they could not have come up with a better person than President Trump,” said Ghorbani.

If this industry, by the time he’s done 4 years, or hopefully 8 years, if this industry does not advance the way it should, the way it must in Washington, I hate to say this, the industry has dropped the ball.

Manufactured housing is the private sector solution to affordable housing, without costing government subsidies. And we can supply that need,” said Weiss.

We just need to be unshackled from excessive regulations, in order to pursue our full potential.”

For more on President Trump, including a recap of his first 100 days, click here. ##

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

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RC Williams, MHProNews.

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

 

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