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New MH Industry Reports – “Politically Incorrect, Factually Accurate”

August 7th, 2017 Comments off
PoliticallyIncorrectFactuallyAccurateManufacturedHousingIndustryDailyBusinessNewsMHProNews

Collage credit, MHProNews.com.

As promised last week, the Manufactured, Modular and PreFab Housing Industry’s new featured articles and reports are live on the MHProNews home page.

Recent or first-time visitor?

Then go to the home page, and scroll down past the Daily Business News and MHLivingNews modules, and on the center left, you’ll find over 18 new featured articles and reports.

Among those are 4 “headlines news” features, that can help busy professionals catch up with the top news stories that impact manufactured housing for the month in review.

Trends, research, new developments, expansions, closings, data, company, association, finance, economic, and political topics which impact the industry are part of this August 2017 new Featured Articles.

LeadersAreReadersMHProNewsLogoDailyBusinessNewsMHProNews

Collage credit, MHProNews.com.  Click above to see the home page.

“Politically Incorrect, Factually Accurate”

Our sponsors, team members, and management thank you for making us the runaway number one professional resource in the manufactured housing industry’s trade media.

 

MHProNews56342Magazines32PagesEach2MillionPageViewsMastheadMHProNews

Politically incorrect, factually accurate. We provide a wide range of vantage points, but always strive to be factually accurate. If you ever see a factual error, please let us know. Thank you for making us the runaway #1 in manufactured housing trade media. Click above to see the home page.

As True Today as When This 2 Minute Video Was Made


We Provide, You Decide.” ## (Announcements, associations, how-to, opinions, reports, features, and headline news).

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

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

Sunday Morning Weekly Recap Manufactured Housing Industry News June 11 to June 18, 2017

June 18th, 2017 Comments off

MHProNewsHomePage610.2017IpadManufacturedHousingIndustryReportsRecapResearchData6182017The New June 2017 articles on the MHProNews.com home page are live, with the full line up on display at this link here.

If you’ve been super busy, traveling, have been on vacation, or are new to the Daily Business News  on MHProNews, welcome to our weekly recap of the Manufactured Housing Industry’s News, Tips and Views that Pros Can Use.” ©

Let’s start with what’s New on MHLivingNews.com

EnergyStarManufacturedHomesHalfPriceResidentialStyleHUDCodeManufacturedHomesMHLivingNews

Rapid Acceptance of Energy Star Rated, Residential-Style Manufactured Homes Proves Need, Value as Affordable Housing Solution 

Mee-ÖÖD50000MirroredPreFabGlassClassFast-CompareModularPrefabManufacturedHomeLivingNews

Introducing ÖÖD – $50,000 Mirrored PreFab – and Compare

 

Highlights of What’s New on MHProNews.com & The Daily Business News This Week…

Are MH Pros “Cooked in a Squat?”

DontGetCookedInASquatZigZiglarManufacturedHousingIndustryCommentaryDont-LetOthersSelfLimitYouByActionInactionThinkingMHPro

Saturday, June 17, 2017

HUD’s Belated, Blustering “Promotion” of Manufactured Homes

Pam Danner Ishbel Dickens Theresa Payne HUD MHOA

Friday, June 16, 2017

Security Mortgage Group Provides Financing for Six Manufactured Home Communities

SecurityMortgageGroupProvidesFinancing6ManufacturedHomeCommunitiesDailyBusinessNewsMHProNewsJune162017

Skyline Drama Endures, Big Changes – MHCV Up

President Trump to MHProNews, About “Witch Hunt,” Polling Back at 50%

Star Parker, Draining the Dodd-Frank Swamp

Carson Sheds Light on Recent Meeting, Video

 

Thursday, June 15th, 2017

Google’s Going Modular Housing

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

LCI Insider Trading, Spotlight. MHCV Rising, Bucks Broader Markets Dip

Happy41stBirthdayManufacturedHomesNoMobileHomesIn41YearsDailyBusinessNewsMHProNews

Happy 41st Birthday, HUD Code Manufactured Homes

Champion’s Eye-Catching Vista

Cavco Gets Negative News – Today’s Spotlight. MHCV Continues Rally

 

Wednesday, June 14th, 2017

Kalispell’s Morning Star Opted for ROC Status

MHI Comments Letter to HUD, Exec Order No. 13777 – Copy, Urgency, Analysis, Deadline 11:59 PM Tonight

Happy71BirthdayPresidentDonaldTrumpQuotesDailyBusinessNewsMHProNews

Happy 71st Birthday, Mr. President, Quotes from Donald Trump

New Mortgage Lending Changes Impacting Hundreds of Thousands of MH Owners

 

Tuesday, June 13th, 2017

NYP – Hedge funds face a crisis of confidence? The MHVille View

AMG in Spotlight, Cavco Spikes, Pat Climbs, MHCV Up

FredoniaGroupSurvivalOfFittestManufacturedHousingIndustryConsolidationDailyBusinessNewsMHProNews

Regulatory Murder, or Survival of Fittest? Darwin, Fredonia and Manufactured Housing Consolidation

What Michigan State Climate, Tornado and ‘Mobile Home” Researchers Missed, and Admitted

 

Monday, June 12th, 2017

“You Move, You Lose” MHC Issue Overcome

Spotlight, Killam Performance. MHCV up, Mixed Markets, Several MHCs dipped

President Outlines Plan for Federal, State and Private Sector Investments

TimConnorCSPLeadershipSeriesAnnouncedManufacturedHousingIndustryNewsDailyBusinessNewsMHProNews

Leadership Series Announced

Squamish Over Vancouver? BC Tiny House Controversy, Leadership, MH Parallels

 

Sunday, June 11th, 2017

Sunday Morning Weekly Recap Manufactured Housing Industry News June 4 to June 11, 2017

And that’s all she wrote!  “We Provide, You Decide.” © ##

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

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

LCI Insider Trading, Spotlight. MHCV Rising, Bucks Broader Markets Dip

June 15th, 2017 Comments off

DowJIACNNMoneyTicker6152017ManufacturedHousingIndustryMarketReportsDailyBusinessNewsMHProNewsThe evolving Daily Business News’ market report sets the industry’s stocks in the broader context of the overall market stocks.  By spotlighting the headlines – from both sides of the left-right media divide – this report also helps readers see what are the trends and topics that may be moving the investors that move the markets.

Readers say this is also a quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks.  MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected bullets from CNN Money:

  • There’s a new Wells Fargo scandal.
  • Complaint: JPMorgan Chase discriminates against fathers.
  • Big Oil needs to spend $350B…on wind and solar.
  • Feds: ‘Dumb and Dumber To’ was made with stolen cash.
  • What Trump doesn’t understand about the poor.
  • Uber sued for mishandling rape victim’s records.
  • The business of ‘The Bachelor’ franchise.
  • Ethics chief: Steve Bannon Waiver is ‘problematic.’
  • What to expect at the Paris Air Show.
  • Migrant workers will send home $450 billion this year.
  • CEOs to Trump: You’re failing.

Selected headlines and bullets from Fox Business:

  • Congressman: I’ll carry a gun now after Scalise shooting.
  • Congressional Baseball Game raising money for Capitol Police fund.
  • Members of Congress should be armed: Former FBI Deputy Assistant Director.
  • Tech stocks continue to let air out of recent rally.
  • Oil slides, hits six-month low on rising global production.
  • Snap shares tumble to IPO price of $17.
  • Bye-bye, Butterfinger? Nestle explores sale of U.S. confectionary business.
  • Trump promises high paying jobs with new apprenticeship order.
  • White House split over debt ceiling as deadline looms.
  • Boeing hits record highs after U.S., Qatar sign F-15 deal.
  • Air bag maker Takata to file bankruptcy this month: Report.
  • Uber sued after allegedly obtaining rape victim’s medical records.
  • Trump apprenticeship plan will change attitudes about trade jobs, Andy Puzder says.

9 key market indicators, ‘at the closing bell…’

S&P 500 2,432.46 -5.46 (-0.22%)

Dow 30 21,359.90 -14.66 (-0.07%)

Nasdaq 6,165.50 -29.39 (-0.47%)

Crude Oil 44.40 -0.33 (-0.74%)

Gold 1,256.00 -19.90 (-1.56%)

Silver 16.75 -0.39 (-2.28%)

EUR/USD 1.1147 -0.0069 (-0.61%)

10-Yr Bond 2.162 +0.024 (+1.12%)

Russell 2000 1,410.19 -7.39 (-0.52%)

9MarketIndicatorsManufacturedHousingIndustryResearchReportsDataMarketsDailyBusinessNewsMHProNews

Manufactured Housing Composite Value 6.15.2017

6.15.20179marketIndicatorYahooFinanceManufacturedHousingCompValueDataResearchTrendsReportsDailyBusinessNewsMHProNews

Manufactured Housing Connected Stocks

Today’s Big Movers

Cavco and Skyline lead the gainers. Berkshire Hathaway and Carlyle lead the decliners. See below for all the ‘scores and highlights.’

Today’s MH Market Spotlight Report – LCI Industries (formerly, Drew)

LCIIDirectorJamesGeroCreditStreetInsiderManufacturedHousingIndustryConnectedStocksReportsDataDailyBusinessnewsChaffey Breeze tells us that,LCI Industries (NASDAQ:LCII) Director James Gero acquired 12,000 shares of the stock in a transaction dated Friday, May 12th. The stock was purchased at an average cost of $92.03 per share, with a total value of $1,104,360.00. Following the purchase, the director now directly owns 224,664 shares of the company’s stock, valued at $20,675,827.92. The transaction was disclosed in a filing with the SEC…”

As Bloomberg’s 1 year snapshot reveals, the company has returned an impressive 25.23 percent in one year.

Data from Markets Daily and Alpha one will follow, below this chart.

 

 

LCIPriorDrewIndustries1YearSnapshotDataResearchReportsMarketsDailyBusinessNewsMHProNews

NewsREALphaOneDrewLCIManufacturedHousingIndustryConnectedStocksMHProNews

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII)

6.15.2017ZBloombergManufacturedHousingConnectedStocksDataResearchTrendsDailyBusinessNewsmHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

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

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

Cavco Gets Negative News – Today’s Spotlight. MHCV Continues Rally

June 14th, 2017 Comments off

6142017CNNMoneyManufacturedHousingIndustryDataReportsResearchDailyBusinessNewsMHProNewsWhat are the headlines that moved investors?  The bullet views from two sides of the media left-right aisle are below.

Bullets from CNN Money.

  • DeVos halts Obama-era student loan protections.
  • She was 13 when her family fled to Mexico.
  • Fed hikes interest rates by quarter point.
  • Fox News drops ‘Fair and Balanced’ slogan.
  • Innovative therapy swaps kid’s wheelchairs for toy cars.
  • Canada wants to be the next Silicon Valley.
  • 196 Democrats sue Trump over foreign money.
  • Congressman shot at GOP baseball practice.
  • Nike is the next U.S. company in Europe’s crosshairs.
  • Trump’s newest Chinese trademarks.
  • Jones interview sends Megyn Kelly’s advertisers fleeing.

Headlines in bullets from Fox Business today:

  • Federal Reserve raises rates, plans to reduce balance sheet this year.
  • Breaking down the Fed’s decision to raise interest rates.
  • Federal Reserve hikes rates, Yellen takes questions.
  • Wall St. dips after Fed rate hike; tech slumps again.
  • Oil sinks to November lows on shock U.S. gasoline build.
  • Scalise shooter dead after attacking baseball practice for upcoming charity game.
  • James T. Hodgkinson: Alleged Scalise shooter was Sanders volunteer, wanted to ‘tax the rich.’
  • Ivanka Trump: Apprenticeship could help fill 2M manufacturing jobs.
  • Multiple victims from UPS center shooting in San Francisco.
  • Tyson Foods lobbyist among victims in GOP baseball shooting.
  • Home Depot co-founder Marcus: I’m worried about the lives of President Trump, Speaker Ryan.

9 Key Market Indicators, at this afternoon’s closing bell…

S&P 500 2,437.92 -2.43 (-0.10%)

Dow 30 21,374.56 +46.09 (+0.22%)

Nasdaq 6,194.89 -25.48 (-0.41%)

Crude Oil 44.74 -1.72 (-3.70%)

Gold 1,262.00 -6.60 (-0.52%)

Silver 16.88 +0.11 (+0.64%)

EUR/USD 1.1219 +0.001 (+0.09%)

10-Yr Bond 2.138 -0.069 (-3.13%)

Russell 2000 1,417.57 -8.41 (-0.59%)

6142017Yahoo9MarketIndicatorsManufacturedHousingIndustryDataReportsResearchDailyBusinessNewsMHProNews

 

Manufactured Housing Composite Value 6.14.2017

6142017ManufacturedHousingIndustryCompositeValueMHCVYahooFinanceDataResearchReportsDailyBusinessNewsMHProNews

Manufactured Housing Connected Stocks

Today’s Big Movers

Carlyle and UFPI lead the gainers.  Patrick, Cavco, and Skyline lead the decliners. See below for all the scores and highlights.

Today’s MH Market Spotlight Report – Cavco Industries

MHProNewsManufacturedHousingIndustryConnectedStockMarketReportSpotlight

Cavco, per the Markets Daily:

cavcoindustriesreportsq2resultscreditcavco-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Cavco Industries.

News coverage about Cavco Industries (NASDAQ:CVCO) has trended somewhat negative on Saturday, AlphaOne Sentiment reports.

AlphaOne, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time.

AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable.

CavcoIndustriesSpotlightedManufacturedHousingIndustryDailyBusinessNewsMHProNews

Cavco Industries earned a daily sentiment score of -0.10 on AlphaOne’s scale. AlphaOne also assigned media coverage about the construction company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.”

The stock dipped today. But the one year snapshot for Cavco is below, and it clearly reflects an upward trend.

CavcoIndCVCO6142017ManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHProNews

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII)

BloombergMarkets6142017ManufacturedHousingIndustryConnectedStocksDataResearchReportsDailyBusinessNewsMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##

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

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

Sunday Morning Weekly Recap Manufactured Housing Industry News June 4 to June 11, 2017

June 11th, 2017 Comments off

MHProNewsHomePage610.2017IpadManufacturedHousingIndustryReportsRecapResearchDataThe New June articles on the MHProNews.com home page are live, and a few more will be posted in the next week.

If you’ve been on vacation, or are new to the Daily Business News on MHProNews, welcome to our weekly recap of the Manufactured Housing industry’s News, Tips and Views that Pros Can Use.” ©

As Jay Hamilton, Executive Director for the Georgia Manufactured Housing Association has advised his members, “Below is a link to an article from MHProNews about ScotBilt HomesMHProNews is the nation’s leading provider of industry news to Manufactured Housing Professionals.”

Thank you, Jay, and all those who share and make the work on this site possible.

First, what’s new on MHLivingNews this week.

Meet ÖÖD – $50,000 Mirrored PreFab – Glass, Class and Fast – and Compare

IntroducingÖÖD$50000MIrroredPrefabTinyHouseCompareManufacturedHomePreFabModularMHLivingNews

What’s New on the Daily Business NewsReports, Research, Data, News, Analysis

Sat – June 10, 2017

Explosive! MSU’s Mark Skidmore on Flawed Tornadoes and “Mobile Homes” Study, Exclusive

TornadoesManufacturedHomesMobileHOmesMarkSkidmoreMSUTornadoStudyManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNews

Friday – June 9, 2017

BAM! Brookfield’s 2 Billion Dollar Spotlight, plus Carlyle, LPX Gain

InvestorsEyeEvolvingManufacturedHomeCommunitySectorJLLMeganDolanDailyBusinessNewMHProNews

http://www.MHProNews.com/blogs/daily-business-news/bam-brookfields-2-billion-dollar-spotlight-plus-carlyle-lpx-gain/

Public Policies May Hurt Poorer, Older Residents

http://www.MHProNews.com/blogs/daily-business-news/public-policies-may-hurt-poorer-older-residents/

Meet Sophia, AI Robot Wants Your Job, Says “Trust Us”

MeetSophiaRobotAISaysTrustUsReplaceYourJobManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNews

No Fire, Just Smoke, and Democratic Clinton Supporter Says, Enough – Video

 

Thursday – June 8, 2017

Third Ave MH Position Revealed, Markets Welcome Comey-Trump Nothing Burger

http://www.MHProNews.com/blogs/daily-business-news/third-ave-mh-position-revealed-markets-welcome-comey-trump-nothing-burger/

Meet ÖÖD, $50,000 Mirrored PreFab Installs in 8 hours

FinancialChoiceActPreservingAccessManufacturedHousingActHR1699ManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNews

Financial Choice Act, with MHI Bill, Heading to Floor Vote, Outlook, Analysis\\

Residents Bought Time, But City Still Taking Aim at Their Location, Video

 

Wednesday – June 7, 2017

Action Alert! Billions in Opportunities, Industry Professionals, Deadline for Comments to HUD Loom

ActionAlertBillionsOpportunitiesCommentsHUDLoomManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNews

Sky, Sun Leaders, UFPI, LCI Sliders, Comey Testimony Buoys Markets

DataComp, JLT Associates Announces New Manufactured Home Market Reports

DataCompJLTAssocReleasesNewMarketReportManufacturedHomeCommunityRentsManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNews

Surprise! President Trump Polling Better than Bill Clinton at This Stage of Presidency; Impact

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

NorthpointLaurentianBank900MPortofilioAquiredManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNews

Tuesday – June 6, 2017

Community Stocks Taking Hits, Patrick, LCI Roar, MHCV Slides

 

Pouring Gas on PreFab Fire, CNN Report Spotlighted

 PourGasPrefabFireRes4ArchitectsCNNManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNews

 

Manufactured Modular Home Business Plans New Location

Modular Building Institute, ICC Working Together to Boost Modular, Offsite Building

Correcting the Record, Tornadoes, Mobile and Manufactured Homes, Michigan State University Study

 

Monday – June 5, 2017

Nationwide Fund Cuts ELS, Killam and Skyline Lead Movers, MHCV Dips

Manufactured Housing Industry New Home Production, Shipments Report for April 2017

ManufacturedHousingIndustryNewHomeProductionReportApril2017ManufacturedHousingIndustryDailyBusinessNewsReportsResearchDataMHProNewsMHARRa

HomeLane – Lessons for Americans from Indian Modular Company?

Hobart, Factory Home Building Pioneer, Turns 100

Department of Justice, Anti-Trust, and Manufactured Housing Institute (MHI)

 

Sunday – June 4, 2017

Sunday Morning Weekly Recap Manufactured Housing Industry News May 28, 2017 to June 4, 2017

l_a_tony_kovach__mhlivingnews__credit

L. A. “Tony’ Kovach.

(Image credits are as shown on the original image.)

By L. A. ‘Tony’ Kovach to the Daily Business News on MHProNews.com.

MHLivingNews and MHProNews are the manufactured, modular home industry’s premier and most popular trade media of their kind.

Manufactured Housing – Hope for Ownership Versus Rentals?

February 13th, 2017 Comments off
ManufacturedHousingHopeforOwnershipVersusRentalscreditTheTruthAboutMortgage-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: The truth about mortgage.

What’s the biggest factor driving site built property transitions? The answer may surprise you, but the opportunity for the manufactured housing industry won’t.

According to National Mortgage News, research from the Mortgage Bankers Association’s Research Institute for Housing America (RIHA) shows that a homeowner’s equity position is one of the major factors that drives property transitions between owner-occupied and rental status.

Between 2000 and 2014, 6.5 percent of homes built before 2000 and 10.3 percent of homes built in the 1990s went from owner-occupied to rental status, according to a study by Syracuse University professor Stuart Rosenthal.

Underwater homes are notably more likely to transition into the rental sector, possibly because of reduced incentives to maintain the home and related decay,” said Rosenthal.

ManufacturedHousingHopeforOwnershipVersusRentalscreditSyracuseUniversity-StuartRosenthal-postedtothedailybusinessnewsmhpronewsmhlivingnews

Stuart Rosenthal. Credit: Syracuse University.

Owner-occupied homes where the combined loan to value ratio (CLTV) is between 100 percent and 120 percent are between one and two percentage points more likely to become rentals, while homes that have a CLTV above 120 percent are between six and eight percentage points more likely to make this change.

Additional research showed that the share of single-family homes in the country’s rental housing inventory was 36.13 percent in 2014, about 5 percent higher than in 2000, and the share of single-family homes in the owner-occupied inventory remained relatively unchanged.

Rosenthal’s study further showed long and short-term trends that largely guide these transitions.

Over the long term, scenarios like age-related depreciation make it more likely that a home will become a rental property unless structural or neighborhood changes take place.

Over the short term, it’s housing prices that have a significant influence on an owner’s decision to reside in their property or rent it out.

For certain types of homes rising house prices encourage transitions into the owner-occupied sector,” said Rosenthal.

By comparison, Rosenthal’s research showed that falling prices tend to predicate short-term swings toward the rental market, and these shifts often reverse themselves as prices go back up.

Consequently, this indicates that the large volume of homes that moved from owner to renter-occupied following the financial crisis could continue to affect construction.

Movement of housing stock back to owner-occupancy status…has the potential to undercut demand for new construction since most home building occurs in the owner-occupied sector,” said Rosenthal.

Also, the drop in the homeownership rate to a low of 63% in the second quarter of 2016 suggests that a large buffer stock of potential owner-occupied homes may now sit in the rental segment of the market.

Rosenthal believes this explains one scenario from 2016, but believes more work needs to be done.

This may help to explain why new home construction in 2016 remains far below previous levels even though home prices at the national level have regained their 2006 peak, but this is a topic that requires further research.

 

Is MH the Solution?

graphic-cfed-proofmhaffordablehousingsolution-posteddailybusinessnewsmhpronews

Graphic by CFED, text credit by MHProNews.

As Daily Business NewsMHProNews and MHLivingNews readers are aware, we 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.

doug_ryan_cfed

Doug Ryan, CFED.

Bloomberg points to Doug Ryan, director of affordable home ownership at the Corporation for Enterprise Development (CFED) who cites advantages, and challenges, that the industry faces.

You can put them anywhere you have the land, said Ryan, who routinely promotes manufactured homes as an important option in the affordable housing crisis.

What you’re up against is the stigma. You’d have people coming to the planning meetings and saying that you’re killing their home value. ##

(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.

MHARR’s Mark Weiss takes on HUD: Production, Paperwork and Contractor Make-Work

October 24th, 2016 Comments off
credithudmharrteleread-postedtothedailybusinessnewsmhpronewsmhlivingnews

Image credits: Teleread, MHARR and HUD logos, all used here under fair use guidelines.

All of this change – without the benefit of actual rulemaking (as required by the 2000 law) — was touted by HUD (and others), at the time, as a money-saver. But it has not worked out that way, – M. Mark Weiss

A news and analysis from M. Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), digs into the Department of Housing and Urban Development (HUD) manufactured housing program enforcement system.

First published in the October 2016 edition of The Journal, Weiss turns to data to show that the HUD system is overly dependent on paid contractors.

m_mark_weiss_mharr_pesident__mhpronews__credit

M. Mark Weiss.

MHARR, its fair to say, has been a consistent critic of a HUD manufactured housing program enforcement system that is overly dependent on paid contractors, and a contracting system that – in addition to being fundamentally non-competitive over its entire history — improperly allows contractors to perform inherently governmental functions and, worst of all, incentivizes contractors to find fault with the homes, plants and offices that they ‘audit,’” said Weiss.

While all this is bad enough, HUD, since 2010, has made matters far worse with its unilateral program of expanded in-plant regulation, which changed the entire focus and nature of that regulation.

From the very start, MHARR (alone) went on record objecting to this change as not only being in violation of the Manufactured Housing Improvement Act of 2000, but also a make-work sop for the entrenched program monitoring contractor. And now there is specific data — ironically from the contractor itself — which confirms the fundamental “make-work” character of this program,” MHARR’s CEO said.

Weiss points to years of HUD related data.

hud-logo=credit-posted-daily-business-news-mhpronews-com-

Credit: HUD.

…let’s review the known – and indisputable – facts,” said Weiss.

Between 1998 and 2015, the production of HUD Code manufactured homes fell from 374,143 to 70,544 homes per year, a contraction of approximately 81 percent. Records of HUD’s contract spending before 2005 are not readily available, though, so we’ll focus on the period between 2005 and 2015. 

During that ten-year period, HUD Code production fell from 146,881 homes in 2005, to – again – 70,544 homes in 2015, or a contraction of just under 52 percent.  Now, one would think, during an extended period of declining production covering multiple contract terms, that the amounts budgeted (and paid) for contract “monitoring” services (as defined in the 2000 reform law) would have declined, roughly in proportion to the decline in production (adjusted for inflation).

Weiss says, “But that did not happen.  Budget justifications submitted by HUD to Congress each year between Fiscal Year (FY) 2005 and FY 2017, show that budgeted payments to the program-monitoring contractor remained effectively constant until FY 2010.

Weiss continued to point to the data cited in his article.

In 2008, with HUD Code production in free fall, the HUD program (through its then-Administrator) approached the Manufactured Housing Consensus Committee (MHCC) with proposed changes to the in-plant regulatory system, including, among other things, the role of Primary Inspection Agencies (PIAs), the nature of the “inspections” and corresponding reports provided by PIAs, and the ‘monitoring’ of those activities by HUD, though the program’s one – and only – ‘monitoring’ contractor.  

mhlivingnewsterryreynoldsmanufacturedhomelivingnews

As well-informed manfactured housing professionals know, part of the purpose of the HUD Code for manufactured homes is to establish a system that is performance-based and saves consumers money, without sacrificing on energy or safety features. To see the video still shown above, click here.

After fully debating this series of disconnected and disjointed HUD proposals, the Committee ultimately determined that it could not reach the consensus required by the 2000 reform law.  And the matter should have ended there, but did not,” Weiss said.

Contemporaneously with the de facto rejection of these proposals by the MHCC, the HUD program, without further consultation with the MHCC, began to develop and — by March 2010 – implement, the paper blizzard of “Standard Operating Procedures,” “guidelines,” “field guidance,” flow charts and other pseudo-regulatory mandates that changed the fundamental focus of the in-plant regulatory system to the review (and modification) of manufacturer ‘quality control’ systems.

Weiss cites that with expanded in-plant regulation came multiple new reports and paperwork by manufacturers, PIA’s, and the monitoring contractor, which then turned into multiple reviews of those reports, multiple layers of meetings and the use of “consultants” between manufacturers.

All of this change – without the benefit of actual rulemaking (as required by the 2000 law) — was touted by HUD (and others), at the time, as a money-saver,” said Weiss.

But it has not worked out that way.

Weiss points out that once the program of expanded in-plant regulation went into effect (in 2010) budgeted funding for the contractor – despite declining production, numbers of manufacturers, numbers of manufacturing plants and numbers of retailer locations – began to increase, and has increased at an accelerating rate ever since.

Naturally, in order to keep pace with these rising contract expenditures at a time of substantially-reduced industry production, and with a new $25 million five-year contract awarded to the contractor in 2013, HUD – in 2014 – raised the certification label fee for every new manufactured home by a record-setting 156 percent, claiming, incredulously, that despite significant, long-term industry production declines, the magnitude of its ‘responsibilities’ remained ‘unchanged,’” said Weiss.

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Video report with prior HUD Code manufactured home program administrator, Bill Matchneer, JD, offers powerful insights separate from, but related to this issue, to see the video interview, click here or the image above.

While it has thus been obvious all along that this expanded in-plant regulation has been all about maintaining and increasing contractor billings, revenues and de facto authority in the face of a prolonged industry downturn, there is now direct evidence showing that this is little more than a “make-work” enterprise for the contractor, as MHARR has maintained.

Weiss cites that rather than a legitimate and bona fide inspection system, the HUD program of expanded in-plant regulation is a “paper chase,” with high, and rising, costs in return for little or no corresponding consumer benefits.

In MHARR’s view, with a new administration taking office in Washington in 2017, the industry and consumers have an opportunity to seek real and necessary change in the HUD enforcement system to reduce unnecessary costs and regulatory burdens through fundamental contract reform, while preserving consumer protection and the bedrock quality and affordability of today’s manufactured housing,” said Weiss. ##

(Editor’s Note: for more commentary from Weiss on HUD from earlier this year, click 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.