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Posts Tagged ‘Texas Manufactured Housing Association’

Texas City Reverses Decision, Votes to Allow Manufactured Housing

July 22nd, 2015 Comments off

mh_transportation___rileystransport_creditFollowing up on a post MHProNews wrote July 13, 2015, regarding the Huntsville, Texas, City Council’s vote to prohibit the new siting of manufactured homes within the city limits, D. J. Pendleton, Executive Director of the Texas Manufactured Housing Association (TMHA), informs MHProNews the city council reversed its decision. The first reading produced a 5-2 vote in favor of prohibition, but a law does not take effect until the second reading.

D. J. and his staff determined 843 manufactured homes were sold to customers with Huntsville addresses from 2011 to 2014. Additionally, data revealed nearly two-thirds of Huntsville residents are renters, and of these, 61.8 percent spend over 35 percent of their income on housing, clearly denoting a need for affordable housing in the city.

He says Gary Adamek of Reliable Homes and Les Stone with Clayton Homes plus local citizenry testified to the need of MH at the council meeting last night (July 21), which “serves as an example to all those in our industry about the power of local political engagement.” In the words of one-time Speaker of the U. S. House of Representatives from Massachusetts, Thomas Phillip “Tip” O’Neill, “All politics is local.##

(Photo credit: Riley Transport)

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

Texas Manufactured Home Sales Slowed in April, and Preliminarily in May as Well

July 17th, 2015 Comments off

texas_mhaThe Texas Manufactured Housing Association tells MHProNews titles for both new and used manufactured homes fell in April from the previous month as well as from April 2014. For May, preliminary results indicate both shipments and processed titles have slipped for the month. However, with most of the state receiving eight plus inches of rain in May, it is hoped June will show a strong rebound. Final numbers for May will not be available until 75 days out to allow for final submissions.

April

Total Market:

  • Total titles change from previous month: -7.95%*
  • Total titles change from same month last year: -6.30%*
  • Total titles YTD change from same date last year: +2.55%*

New Market:

  • New titles change from previous month: -8.83%*
  • New titles change from same month last year: -7.32%*
  • New titles YTD change from same date last year: +2.97%*
  • Shipments for the month change from previous month: +2.02%
  • Shipments for the month change from same month last year: +3.70%
  • Shipments for 2015 thru this month change from same date last year: +2.40%

Used Market:

  • Used titles change from previous month: -4.51%*
  • Used titles change from same month last year: -2.31%*
  • Used titles YTD change from same date last year: +1.10%*

May

Shipments:

  • Shipments for the month change from previous month: -11.03%
  • Shipments for the month change from same month last year: -5.72%
  • Shipments for 2015 thru this month change from same date last year: +0.75%

Preliminary Title Trends:

  • Total titles change from same month last year: -16.65%*
  • New titles change from same month last year: -15.74%*
  • Used titles change from same month last year: -20.10%* ##

(Image credit: Texas Manufactured Housing Association)

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

Appraisal Rule Implementation Looms for HUD Code Manufactured Home sales

June 30th, 2015 Comments off

CFPB-AppraisalRule-HUD_codeManufacturedHomes-logo=CFPB-graphiccredit-MHProNews-com-The Texas Manufactured Housing Association (TMHA) reminds MHProNews that the new appraisal disclosure rules go into effect on July 18, 2015. The rules apply to those homes that go beyond QM status limits set by the Consumer Financial Protection Bureau (CFPB) regulations.

DataComp and NADA are going to be the likely vendors of choice, both of which have been working for well over a year to have systems in place that can support the value of homes being sold using personal property loans by MH retailers and communities.

TMHA members are among those who are ‘nervous’ about how well the new systems being imposed by federal fiat will support the sale prices on new manufactured homes.  The service providers tell MHProNews that ‘most’ sales, perhaps north of 90% on test cases, will be okay.  While encouraging, that also clearly implies that there will be sales that could be lost due to the newly impossed rules.  

MHProNews’ Featured Articles in the upcoming July issue will cover the appraisal rule topic from different lender’s viewpoints. The new July Featured Articles are scheduled to go live on the MHProNews home page, found under the Daily Business News  module, Wednesday evening, July 1, 2015. ##

(Image credits: Consumer Financial Protection Bureau logo – CFPB; graphic credit – MHProNews ©)

Texas Reports Sale of Manufactured Homes

June 19th, 2015 Comments off

Q1_sales_of_manufactrued_homes_Texas_2015The Texas Manufactured Housing Association (TMHA) informs MHProNews of the new and used manufactured homes sold retail for the first quarter of 2015, based upon the Texas Department of Housing and Community Affairs (TDHCA) statistics. There is a 75 day window for gathering and processing the information so accurate figures are available only through March, 2015.

Numbers for March alone indicate 1.042 new homes and 266 used homes were sold retail. Of these, 582 were new singles and 460 were new multi-sectionals; 171 were used singles and 95 were used multi-sectionals. ##

(Statistics credit:Texas Manufactured Housing Association)

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

Rep. Ed Royce Questions HUD Sec. Julian Castro

June 17th, 2015 Comments off

Ed_Royce_CAdashR_Rep__nationalmortgageprofessional__creditFrom a hearing June 11, 2015 from the House Financial Services Committee entitled, “The Future of Housing in America: Oversight of the Department of Housing and Urban Development” at which Rep. Ed Royce (R-CA) questioned HUD Secretary Julian Castro about the need for housing finance reform, and bank lenders leaving the Federal Housing Administration (FHA) program. Both spoke at the National Journal’s forum on housing finance.

As the Texas Manufactured Housing Association (TMHA) related to MHProNews, supplied by the nationalmortgageprofessional, Financial Services Committee Chairman Jeb Hensarling (R-TX) opened the hearing: For whatever good HUD does it clearly has not won the War on Poverty. Only economic growth and equal opportunity can do that. In other words, the greatest housing program in America remains a good career path in a growing economy, not a HUD program.

Rep. Royce said to Sec. Castro: “I wanted to get your take on … an increase in private sector credit risk sharing by the GSEs … the creation of a truly Common Securitization Platform which allows for issuance of mortgage-backed securities other than the GSEs, and the development of a common residential mortgage-backed security by Fannie Mae and Freddie Mac. I thought I would just give you the floor to discuss how this might bring private sector capital back into the market and how we might work together to achieve these goals as kind of a building block.”

Sec. Castro replied: “Housing finance reform has been a long and winding road I think it’s fair to say but the Administration is supportive of housing finance reform. In fact I think there’s agreement on some of these issues. The President has made very clear that he does have an interest, as I think all Americans do, in taking taxpayers off the hook in the event that God forbid we did experience the same kind of housing crisis we did go through. Agreed that we can find ways to introduce more private capital into the market. With respect to proposed legislation, I think there’s some common principles that are the foundation to build on and we look forward to working with you.

Rep. Royce: “We do have a situation where the FHA market share for large banks has recently been cut in half from 61 percent to 33 percent and I know that is a concern. Non-banks have increased now, they were 24% and now [several years later] they are 51%. Is this troubling, and do you think legal uncertainty maybe is part of the problem in terms of getting the traditional lenders more involved here and what about the need for a greater certainty around the rep and warranty framework here and looking at that as a way of bringing capital back in?

Yes, we are looking at that,” replied Castro. “We believe it makes sense to take reasonable steps to create more business certainty for lenders. I know this is something that Director Mel Watt at FHFA has worked on, is working on now, it’s something that we’re working on that’s called Blueprint for Access to Credit [for American Families]. We hear from lenders about the uncertainty that does exist regarding potential liability. We look forward to being able to create greater certainty that will help open up the credit box reasonably for responsible Americans to get access to credit.

In the Obama Administration’s new budget, HUD’s funding will rise to $49.3 billion, nearly $4 billion more than this year’s level. ##

(Photo credit: nationalmortgageprofessional-Rep. Ed Royce R-CA)

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

Texas Legislature Passes Bill to Elevate Modulars

May 5th, 2015 Comments off

texas_mha___their_creditMHProNews has been informed by Caitlin Nauert of the Texas Manufactured Housing Association (TNHA) the Texas Senate has passed SB 1264 and the House has approved companion bill HB 1990 which will allow multifamily modular construction to be four stories tall instead of the current three stories.

Of the 6,268 bills filed in this session, only 30 passed—28 Senate bills and only two House bills—making the passage a significant legislative success. The measure now goes to the governor where it’s hoped it will be signed into law and become effective Sept. 1, 2015.

TMHA extends its gratitude to the association members and lobby team for their support, and to Keith Alexander, Bert Kessler and Allen McKernie from Palm Harbor Homes who provided essential background information and technical expertise to the effort. ##

Texas Leads the Way in Manufactured Home Sales

March 17th, 2015 Comments off

TMHA_stat_tracker_of_sales_of_mfg_homes_in_texas_2013-2014

This graph received by MHProNews from Rob Ripperda of the Texas Manufactured Housing Association (TMHA) depicts sales of new and used manufactured homes in Texas for 2013 thru 2014. Numbers may change slightly for December as we are just past the 75-day time reporting deadline. Texas leads all other states in the nation by a wide margin for shipments of manufactured homes, as documented by our recent monthly report from the Manufactured Housing Institute (MHI). ##

(Graph credit: Texas Manufactured Housing Association)

matthew-silver-daily-business-news-mhpronews-com

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

 

The other side of Public Housing and Public Policy on Manufactured Housing

November 14th, 2014 Comments off

worchestermag-steven-king=photocredit-posted-daily-business-news-mhpronews-com-Worchester Magazine’s  correspondent Walter Bird Jr. tells MHProNews  that “Worcester Housing Authority (WHA) Executive Director Ray Mariano recently announced a mandatory program that would, in part, require at least one household member to work, go to school or face eviction after three years – the program was an extension of sorts of a voluntary WHA program, A Better Life (ABL) – it was quickly nixed by the Department of Housing and Urban Development (HUD). Mariano was livid, especially since the agency had previously, and apparently unwittingly, approved the program.”

In September, there were 5,167 applicants for public housing, both federal- and state-funded. The waiting list for leased housing was more than double that at 12,608, with Mariano explaning that there would be overlap, so perhaps 13,500 to 14,000 total people are waiting.

Suburban stats  reports the Worcester, Massachusetts population at approximately 181,045 in 2014.

You can’t build housing for 15,000 people in Worcester. You couldn’t do it,” Mariano – who was raised in public housing himself and went onto become mayor – said. “You’d have to wipe out a quarter of the city to do it, and it would cost billions of dollars. If we built 20 or 30 units a year, which is reasonable, but a lot of money, it would take five lifetimes to get to all the people on the list. There isn’t enough money on the planet, collectively, to build ourselves out of the affordable housing problem we have, the homeless problem we have. The only way to get ourselves out of the problem, long-term, is to help the people who are in public housing.”

The Boston Globe in an editorial urged earlier this year the use of manufactured housing as a solution to their city’s growing affordable housing crisis. Worchester is about 46 miles from Boston.

Why are Cities Allowed to Hate MH?

In a guest column recently published in Industry Voices, commenting on the CFPB’s so-called white paper on manufactured housing and lending, DJ Pendelton, Executive Director of the Texas Manufactured Housing Association, under the header “Why are Cities Allowed to Hate Us?” wrote in part as follows.

The white paper does list factors as to why manufactured housing is more of a rural housing option and not in more populated metropolitan areas. They mention zoning prohibitions as a contributing factor. Those of us in the industry know this is the factor limiting manufactured housings’ presence in urban settings. The question this should spawn is whether or not it is good policy to allow cities this type of prohibition. With new, modern, efficient, heavily regulated manufactured homes, what is the public policy that benefits a city from prohibiting manufactured homes and what are the benefits to removing these restrictions?

With affordable housing at or near crisis levels in much of the U.S., Pendelton’s point is relevant to any discussion of public housing and public policy regarding factory built home placement. ##

(Editor’s Note: A related OpEd, Subsidized Housing – Our Secret Enemy? is linked here.)

(Photo: Worcester Housing Authority Executive Director Ray Mariano outside 40 Belmont St., credit: Steven King/Worcester Magazine)

Texas Manufactured Housing Title Changes Reported for January to February

May 16th, 2014 Comments off

The Texas Manufactured Housing Association (TMHA) informs MHProNews.com that new and used manufactured home title changes rose +21.57 percent Feb. over Jan. this year, increased +1.19 percent over Feb. 2013, and the year-to-date percentage change from the same time last year rose +0.31 percent.

For new titles the change from Jan. was +24.88 percent, the percentage change from the same month last year hit +7.30 percent, and year-to-date percentage change from same time last year was +4.32 percent. Shipments fell from Jan. to Feb. this year by -12.10 percent, while shipments change from the same month last year rose +26.39 percent, and year-to-date shipments of Jan.-Feb. 2014 increased 31.43 percent over the same time frame in 2013.

Used title percentage change from Jan. to Feb. was +10.42 percent, but the change from the same month last year fell -16.86 percent, and for the year-to-date used titles the drop was -11.52 percent. It takes the state 75 days to process each months title transfers. ##

(Image credit: Texas Manufactured Housing Association)

Passages: Ralph Nattrass

May 14th, 2014 Comments off

The founder of Republic Mobile Homes in Texas in the late 1960’s, Ralph Nattrass passed away at age 88 in Edmonton, Alberta, Canada April 30. An owner of communities, subdivisions and part owner of Republic-Henslee Manufacturing, he teamed with Frank and Marina Woody to start the current Republic group in 1991, and it became the third largest independent retailer in Texas. Earlier in his career, he played hockey for the Chicago Blackhawks. MHProNews extends its most sincere condolences to his family and friends. ##

(Photo credit: Texas Manufactured Housing Association)