Posts Tagged ‘private sector’

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.

Manufactured Housing on Table for UK Affordable Housing Confab

July 2nd, 2015 Comments off

English_caravan__dailymail_co_uk___creditThe government in the United Kingdom continues to fall short of providing affordable housing because of its reliance on the private sector, according to worldcement/europe. Noting the need for 250,000 homes annually to tackle the spiraling home prices and the critical shortage of affordable housing, MHProNews understands the benefits of manufactured and modular housing as crucial to meeting targets that have repeatedly fallen short.

The benefits of offsite construction will be discussed at the Explore Offsite Housing event, being held in Birmingham on July 7, 2015. The new government will keynote an address on manufactured housing priorities, and representatives from public and private sectors will discuss their initiatives. More than 250 industry innovators will be joined by some 30 offsite housing manufacturers. ##

(Photo credit: dailymail/uk–manufactured home in Great Britain)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Housing Finance Expert will speak at Penn State

October 29th, 2013 Comments off

With more than 30 years of experience as a housing scholar and expert in the field of mortgage finance and housing policy, Kent Colton, president of The Colton Housing Group & Senior Scholar at the Joint Center for Housing Studies at Harvard University, will present “Framing the Future of Housing Finance: A Practical Guide to Reforming the System,” a lecture on the future of the nation’s housing finance. He says the recovery is limping along because there has not been housing finance reform, according to Noting the importance of absolutely qualified borrowers, he adds the private sector should be primary but it also needs to contribute to a fund to cover risk. MHProNews has learned his talk will be held Nov. 6 at Penn State University in State College, Pennsylvania.

(Photo credit:–Kent Colton)

Modular Housing on Tap for Northern England

August 2nd, 2013 Comments off

Newham in northern United Kingdom has hired architects to develop the first 40 of 2,000 modular homes for public housing that will be rented for 80 percent of the market rate to the private sector over the next five years. “We were looking for a design that was modern and time efficient,” said John East, director of community infrastructure at Newham. “This is the first of four pilot projects we have planned in the next two years that will enable us to get off the ground.” The borough has identified 40 sites to place the homes but intends to buy more property, according to what tells MHProNews. The first 40 modular homes will be ready for occupancy before the end of the year.

(Image credit: Andrea Klettner/–modular housing in England)

Jobs Market Improving Modestly but Steadily

March 7th, 2013 Comments off

CNNMoney says ADP reports the private sector added 198,000 jobs in Feb., much more than the 150,000 economists were expecting, but well short of the 300,000 needed to fully stimulate the economy. Small businesses with under 50 employees added 77,000 workers, medium-sized businesses added 65,000, and large businesses with 500 or more workers added 57,000 personnel. 21,000 jobs were added to the construction roster, the sixth straight month of gains in that sector, which, as MHProNews has learned, is generally a good sign for the housing industry. However, furloughs from the sequestration cuts may begin a flurry of unemployment claims.

(Photo credit: Jeff Beiermann/the world herald)

Senate Banking Committee’s new Ranking Member

February 6th, 2013 Comments off

MHProNews has learned from nationalmortgagenews Idaho Republican Senator Michael Crapo, who is becoming the ranking member of the Senate Banking Committee, enumerates his top priorities in his new position as revising portions of the Dodd-Frank Act; paring down GSEs role in the mortgage industry and moving to a private sector solution; facilitate capital formation; and reform of the Federal Housing Administration (FHA). While Sen. Crapo has no personal objections to Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB), he does object to the recess appointment of Cordray, and to the structure of the CFPB.

(Photo credit: washingtontimes)

Private, Non-profit Support Affordable Housing

February 5th, 2013 Comments off

HousingWire reports that non-profit NeighborWorks America and Wells Fargo have provided $27 million in down payment assistance grants to help 1,624 moderate-income buyers purchase a home. Initially begun in Los Angeles and Atlanta in 2012, the program has provided $15,000 to $30,000 down payment grants to those who meet the requirements. Jon Campbell, Wells Fargo’s executive vice president, says, “These programs encourage the kind of collaboration that needs to keep happening between the private sector, the non-profit sector and elected and public officials.” MHProNews has learned over $64 million is still available in select markets.

(Image credit: andyenstallblog)

Freshman Congressman (and Banker) Sets Sights on Housing

January 30th, 2013 Comments off

According to nationalmortgagenews, newly elected Representative John Delaney (D-MD) will take his seat on the House Financial Services Committee with an eye on reforming the nation’s housing finance system and reducing government intervention. With a background including establishment of a healthcare finance company and organizer of BancAlliance, a community loan bank cooperative, Delaney sees opportunity to tweak Dodd-Frank. Believing lawmakers can deal with risks in the industry in other ways, he says “We have a lot of implementation to do, and then we have to understand how it all works and continue to make adjustments. These things are really living regulations. You don’t pour the concrete to never look at it again.” He wants to reduce the role of the GSEs because the government tends to crowd out private capital in some cases. As MHProNews has learned, he sees the government’s role as providing an environment for the private sector to become more successful, which will in turn lead to job growth. One of the wealthiest members of Congress, colleagues laud his skill in complex negotiations, a trait that should serve him well in his new role.

(Photo credit: Wikipedia–Rep. John Delaney)

Will the Senate Alter Dodd-Frank and CFPB Regulations?

December 3rd, 2012 Comments off

American Banker reports the Senate Banking Committee, two years after implementing Dodd-Frank, will likely review the impact of the regulations on the marketplace to determine what may need to be altered. The agenda has not been set yet for the coming year because Committee Chairman Tim Johnson (D-S.D.) wants to consult with the new committee members before releasing a detailed agenda. Now that elections are over, Democrats may be more willing to accept that changes need to be made, and Republican rhetoric has backed away from total repeal of Dodd-Frank to making it more productive. Jaret Seiberg at Guggenheim Securities says, “The real focus is going to be the shift from looking at why banks did bad things to how you can get more credit flowing to the economy. That shift in focus is going to open the door for making modifications to Dodd-Frank.” Passage of any legislation, whether it’s changing the Volcker rule that bans proprietary trading, or the structure of the Consumer Financial Protection Bureau (CFPB), will depend on the committee members relationship and that of the entire Senate. As MHProNews has learned, Amy Friend of Promontory Group, and former chief counsel to the Senate Banking Committee, says lawmakers likely want to see how the CFPB’s qualified mortgage rule, due in January, and the interagency risk retention plan affect the market. “Those will be extremely important in terms of trying to provide some certainty to the private sector,” she says.

(Image credit: Senate.Gov)

South Africa Considering Public/Private MOD Housing

November 20th, 2012 Comments off

BusinessDayLive tells MHProNews twelve million people in South Africa do not have adequate housing, so the government is putting together a private-public collaboration for modular housing. Duro, founded in 1955, has experience in developing building materials and built a 1,200 unit housing project in Angola. The state already buys shack replacement housing and other products from Duro. CEO Greg Morris says, “The state could refine whatever product we offered. My point is that the private sector is keen on helping the government bring quality housing to the masses”. Morris says he has made his pitch for modular units to the government and is now awaiting a response.

(Image credit: