Archive

Posts Tagged ‘Record’

Hurricane Harvey, Billions in Damage Expected, Tragic Opportunities for Factory Home Builders?

August 25th, 2017 Comments off
HurricaneWarningTexasCreditWeatherChannelDailyBusinessNews

Featured image credit, The Weather Channel.

Texas is meeting Hurricane Harvey.  Currently a Category 2, per the NOAA, it is set to do billions of dollars in property damage.

Hurricane Harvey is threatening Texan’s and nearby coastal states with torrential rainfall and flash flooding.

The heavy rains from the storm are expected to continue, perhaps until next Thursday or even Friday.  It may drop as much as 34 inches of rainfall.

That’s as much or more as parts of the state usually sees in a year, all in the course of one week.

The local weather service is being blunt about the situation, saying “some structures becoming uninhabitable or washed away” and “numerous road and bridge closures with some weakened or washed out” are likely.

According to the Houston Chronicle and a report released by Irvine, CA based CoreLogic, at least 118,000 homes in the Houston area alone are at risk for damage should the hurricane make landfall, especially if it hits as a Category 3 storm.

The cost to rebuild these homes – including labor and materials – is being estimated at $20.8 billion.

HurricaneHarveyDailyBusinessNewsMHProNews

Along the Texas coast there are around 232,721 homes that are also at risk of damage from Category 3 hurricane conditions.  If so, the estimated cost to rebuild statewide is $39.6 billion.

RainfallOutlookTexasHurricaneHarveyCreditWeatherChannelDailyBusiness

Rainfall outlook for Texas during Hurricane Harvey. Credit, The Weather Channel.

These numbers are estimates of course – and until the storm is over there is no way to get a clearer idea of what the total damages will be.

The National Weather Service (NWS) warns that “structural damage to sturdy buildings” and “complete destruction of mobile homes” is likely around the eyewall of the hurricane.  It is unclear, based upon the quotes, if the NWS meant pre-HUD Code mobile home or post-code manufactured homes, or both.

While no one claims manufactured homes are tornado or hurricane proof, the facts reflect a far more durable structure than media and weather services report.

Per a report done in Florida, linked here, the post-storm facts make it clear that manufactured homes – notably those post 1994 – are in several cases performing as well or better than conventional housing.

GoneWithWindstormManufacturedHomeDorthyWizardOzPinterestDailyBusinessNewsMHProNews

You can see for yourself in the MHLivingNews video where people talk about the surprise of coming back after evacuating to their home standing strong and proud as always.

As that previous Daily Business News article points out, some 80% of damages to manufactured homes during hurricanes were due to the improper attachment or tie-down of add-ons, such as porches and carports.  Flying debris is another problem, for all kinds of housing.

Tragic Opportunities for Manufactured and Modular Homes?

While it is too soon to tell, it would not be a surprise if FEMA was called in, post storm.

CollageofFEMAmanufactured-homesToRescue-creditsFEMARuss-Desantis-The-Record-postedDailyBusinessNewsMHProNews-

Graphic from a prior story, to see that report, click here. Credit: Russ Desantis, The Record.

While HUD Code manufactured homes are sturdier and safer than older mobile homes, or some conventional housing, residents should follow hurricane evacuation warnings when they are given. ## (News, analysis.)

Friday Evening Update: This storm has progressed into Category 3, and is now a Category 4 hurricane.

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

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to the Daily Business News for MHProNews.

 

 

 

Consumer Confidence Soars to Record High

April 7th, 2017 Comments off
housingwire credit consumer confidence

Credit: HousingWire.

The impact of a Donald Trump presidency continues to resonate, as consumer confidence reached its highest level in 16 years last month, according to Nielsen’s Consumer Confidence Survey.

The Conference Board by Nielsen, which provides information around what consumers buy and watch, conducts the survey.

According to HousingWire, the Consumer Confidence Index improved significantly in March to 125.6, up from 116.1 in February. The Present Situation Index increased from 134.4 to 143.1 and the Expectations Index increased to 113.8, up from 103.9.

Beginning in 1985, the index was set to 100, and the value is adjusted monthly based on results from surveys. Opinions on current conditions account for 40 percent of the index, while future expectations make up 60 percent.

Consumer confidence increased sharply in March to its highest level since December 2000,” said Lynn Franco, who is the Conference Board director of economic indicators.

Consumers’ assessment of current business and labor market conditions improved considerably.”

ConsumerConfidenceSoarstoRecordHighcredit-ConferenceBoardCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: The Conference Board, CNBC.

Consumers were much more optimistic about conditions in March, with those rating business conditions as “good” increasing from 28 to 32 percent, while those saying business conditions are bad decreased from 13 percent to 12 percent.

Feelings on the labor market were also more positive, with the percentage of consumers seeing jobs as “plentiful” increased from 26 to 31 percent.

Consumers also expressed much greater optimism regarding the short-term outlook for business, jobs and personal income prospects,” said Franco.

Thus, consumers feel current economic conditions have improved over the recent period, and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months.”

NoEndinSightTrumpCheersStockMarketStreakcreditBusinessInsiderGettyImages-postedtothedailybusinessnewsmhpronewsmhlivingnews

President Donald J. Trump. Credit: Business Insider, Getty Images.

Consumers also relayed optimism for the future of the labor market, with those expecting more jobs in the months ahead increasing from 20 to 24 percent, and those expecting their incomes to increase jumped from 19 to 21 percent.

For more on the economy, including the March job numbers from ADP, click here. ##

 

(Image credits are as shown above.)

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

A 3D Home in Record Time? What the Future Holds

March 16th, 2017 Comments off
A3DHomeinRecordTimecreditMetro-postedtothedailybusinessnewsmhpronewsmhlivingnews

The Apis For home. Credit: Metro.

The innovations in 3D printed homes continue at a break-neck pace. Beijing-based HuaShang Tengda, which printed a two-story villa that can reportedly withstand a magnitude eight earthquake, and PassivDom, a Ukrainian startup, has now come up with a stand-alone, energy-efficient 3D printed house, ideal for off-the-grid living.

And now, a San Francisco, California-based Apis Cor claims to have taken the process to a whole new level.

According to the Daily Mail, they unveiled a 400-square-foot house in a town outside of Moscow, Russia that was constructed using a mobile 3D printer.

In just 24 hours.

The Apis Cor technology printed walls, partitions, and other items, and appears to be the first company to develop a portable 3D printer able to print whole buildings entirely on location.

Construction took place in December 2016, and the company reports the materials used should last at least 175 years.

A3DHomeinRecordTimecreditDailyMail2-postedtothedailybusinessnewsmhpronewsmhlivingnews

The home in progress. Credit: Daily Mail.

This project was selected specifically, as one of the main purposes of this construction is to demonstrate the flexibility of equipment and diversity of available forms,the company said in a statement.

A distinctive feature of the printer is its design, which is reminiscent of the tower crane, allowing the printer to execute the printing process of constructing the building both inside and outside.

A3DHomeinRecordTimecreditDailyMail-postedtothedailybusinessnewsmhpronewsmhlivingnews

The crane in action. Credit: Daily Mail.

Apis Cor says that this was the first time in the Russian construction that a house was printed as a whole, rather than assembled from pre-printed panels.

Impacts this Technology has upon the Manufactured Housing Industry?  

The company says that the cost for the model described above is $10,134. However,  buildings can be printed in various shapes and at a larger size, with the only restrictions on designs being the laws of physics.

When one of several mainstream news articles, reporting on that 10k figure, were shared with industry professionals with production connections, one source told MHProNews that “It could be a game changer and has the potential to eliminate thousands of manufactured housing factory jobs…. but that would be way down the road.”

The ramifications were shocking enough, that the source would only speak off the record.

There is a big ‘however,’ here.

Before investors, developers and others go bailing on manufactured housing, and stocks take a dump, there are likely several caveats to this report by Futurism and from others in the mainstream media that need to be properly understood,” said industry consultant and publisher, L. A. ‘Tony’ Kovach.

We contacted the 3D producer directly, and they have yet to answer numerous questions that relate to interior finishes, what building codes this may or may not meet, total cost with all finish work, etc.  Because some in the mainstream media may not get it about all that goes into the total costs of a home, details like:

  • cabinetry,
  • flooring,
  • tape and texture,
  • electrical,
  • windows,
  • doors,
  • plumbing, etc.

they can easily be wowed by a claim – that when scrutized – doesn’t quite hold up. Think Jim Walters housing – shell homes sold at a lower price, but with signficant finish costs.”

Joe_Dyton_DailyBusinessNews-MHProNews125x125-

Joe Dyton, for the Daily Business News, MHProNews.

Another example of a story that drew media hype – but was missing key details – was a report out of Europe covered for the Daily Business News by Joe Dyton.

inhabitattinyhousefrancewithdesigner

Original photo credit, Inhabitat and provided under fair use guidelines. Text credit, MHProNews.

Click the image above for facts the original story in the mainstream media missed.  “These are examples of why the industry needs an independent trade media, one that does some digging,” Kovach said.

MHI was contacted about the topic above – and the broader issue of potentially disruptive technologies negatively impacting manufactured housing – and they had no comment.

CompositeMHIWebsiteClaimtoRepresentEntireIndustry

Is MHI unprepared for issues that could disrupt the industry? Are they properly prepared to engage the mainstream media on topics that could at first blush seem to be harmful to manufactured housing interests? What lessons does the recent – and largely negative – NPR reporting hold for the industry at large, and what does it say about MHI’s engagement strategies? To learn more about such media and related questions – and what Frank Rolfe and other industry professionals have to say about them – click here.  MHARR has taken the position that the industry has a historic opportunity and can sell hundreds of thousands of homes a year, but must capitalize rapidly on opportunities that the Trump administration has made possible – to learn more about MHARR’s views, click here.  Pam Danner at HUD…is she one of those MH Industry roadblocks? For MHI award-winner Doug Gorman’s view on the Danner/HUD issue, click here. 

Possible Disruptions Are No Joke…

An association veteran told MHProNews that failing to adapt could result over time in manufactured housing’s associations becoming “the associations of mobile home remodelers.” It was a tongue-in-cheek way of saying – there would be widespread industry business failures, and that only remodeling work would be left – if the correct steps aren’t taken by members of the industry.

We are several years into our industry’s recovery. That’s good news.  But 3D, prefab, containers and tiny houses are all reminders that

l_a_tony_kovach__mhlivingnews__credit

L. A. ‘Tony’ Kovach.

manufactured housing producers and others can’t rest on their laurels,” Kovach said. “Manufactured housing is an amazing option, that’s highly sustainable, so long as we grow more rapidly towards our potential.  There is a high cost – and risk – to low volume sales, which is why we’ve repeatedly said that aiming for hundreds of thousands of new home sales a year in a sustainable way is a must.”

“Some companies are taking steps to grow in a responsible way.  That’s good news. But absent such growth,” Kovach cautions, “our source is sadly but likely correct – in the next 5 to 10 years perhaps, technologies are emerging that could disrupt the manufactured housing industry.  Communities, production, lending, retailing – it could all change unless more of the industry’s members and leaders take the proper steps, now.”

The Daily Business News has covered the rise of 3D printed homes extensively, including other Chinese, Russian and Dutch 3D home projects, and asking the tough question: “Is America losing the 3D Technology race in housing?

In several off-the-record comments by professionals with community, production, association, retailing and other industry interests, say that the industry needs to pay attention.

For more on 3D printed homes, including the story of The BigDelta, the world’s largest 3D printer and its year-long mission to print a mud house, click here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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