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Comparing Conventional Housing Data for November 2018, to Manufactured Housing Industry Data, Nov 2018

January 3rd, 2019 Comments off

ComparingConventionalHOusingDataNovember2018ManufacturedHousingIndustryDataNov2018MHProNews

Here’s the overview for this evening’s report.  First, we’ll look at HUD and the U.S. Census Bureau’s November 2018 conventional housing data.

 

Then, compare that to the data that was just published today on HUD Code manufactured homes for November of 2018.

Finally, we’ll wrap this evening up with a brief, but relevant to industry pros, advocates, and investors commentary.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2018:

 

MonthlyResidentialConstructionNovember2018USCensusBureauHUDDailyBusinessNewsMHProNews

Building Permits

Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,328,000.  This is 5.0 percent (±1.6 percent) above the revised October rate of 1,265,000 and is 0.4 percent (±1.7 percent)* above the November 2017 rate of 1,323,000.  Single‐family authorizations in November were at a rate of 848,000; this is 0.1 percent (±1.4 percent)* above the revised October figure of 847,000.  Authorizations of units in buildings with five units or more were at a rate of 441,000 in November.

 

Housing Starts

Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,256,000.  This is 3.2 percent (±9.8 percent)* above the revised October estimate of 1,217,000, but is 3.6 percent (±9.4 percent)* below the November 2017 rate of 1,303,000.  Single‐family housing starts in November were at a rate of 824,000; this is 4.6 percent (±8.4 percent)* below the revised October figure of 864,000. The November rate for units in buildings with five units or more was 417,000.

 

Housing Completions

Privately‐owned housing completions in November were at a seasonally adjusted annual rate of 1,099,000.  This is 0.4 percent (±8.7 percent)* above the revised October estimate of 1,095,000, but is 3.9 percent (±11.5 percent)* below the November 2017 rate of 1,144,000.  Single‐family housing completions in November were at a rate of 772,000; this is 5.4 percent (±7.6 percent)* below the revised October rate of 816,000. The November rate for units in buildings with five units or more was 314,000.

 

ResidentialHousingStartsHUDCensusBureauNewconventionalHousingConstructionNov2018MHProNews

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Let’s put that data in the manufactured home perspective.

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

 

So, at the same time frame that manufactured homes dropped, conventional housing starts and permits – many times higher in retail price – were still rising.

Here’s is the latest from MHARR on the data.

 

Production Decline Continues in November 2018

 

 

 

 

A state association, Manufactured Housing Institute (MHI) cheer-leader, Amy Bliss-led Wisconsin Housing Alliance (WHA), are still putting out late this afternoon MHI propaganda.  They did so even in the face of such disturbing numbers, as is linked in the report, above.

 

ManufacturedHousingInstituteLogoMHILogoScreenCpaturesMHIvideostatisticalclaimsDailyBusinessNewsMHproNews

MHProNews has held MHI accountable for misleading and arguably deceptive statements for years. Those warnings ought to take on a new sense of urgency for savvy pros who think objectively, instead of swallowing the MHI party line.

 

The WHA’s own newsletter is now projecting possible problems for 2019. Really?  After months of MHI claiming all the good they are doing for building on the industry’s ‘progress’?

 

WisconsinHousingAllianceWHAJanuary2019NewsLetterDailyBusinessNewsMHProNEws

 

In defense of state executives in general, there are many who believe they have no choice but to put out MHI’s ‘stuff.’  Recall the Gold Rules report, which arguably still very much applies. See that by clicking the link below.

 

 

The industry’s fundamentals are sound.

  •  Product quality overall and customer satisfaction are good.
  • Third-party reports that take a dive into the facts are often positive.
  • Despite stormy stocks, the economy is overall good too.

The only common sense conclusion that an objective person who studies the issues can come to is that the so-called leaders of manufactured housing are failing the industry.

The Arlington-Omaha-Knoxville Axis (A-OK Axis ) can dress these failures up any way they want to. We are already hearing the whispers of what their spin is going to be when the MHI monthly report comes out, later this month.  We’ll fact-check it for you.

But the Monopolistic Housing Institute (MHI) has been called out, Clayton Homes, 21st Mortgage and the Berkshire Brands have been called out for their BS.

MonopolisticHousingInstitutelogoManufacturedHousingInstituteMHiLogoFairUseMHProNews306

Fertilizer is useful for growing certain things, but as a trained MD, let me say that consuming BS is not recommended for humans.

See related reports, further below.  More on this in the days ahead.

Just remember, it has been MHARR that for years has warned the industry that a new post-production association is needed. Today’s data is more proof.

 

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

 

 

 

It was MHI award-winner Marty Lavin that said that MHI was working for the interests of the big boys.  Today’s data is more proof.

 

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MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

 

MHProNews has been alone in the industry’s trade media at giving warnings of what is to come, for some years.

 

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As pro-industry trade media, we’ve been laying out the facts, while most others in the industry’s trade media are laying out happy talk that is just hot air.

 

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It’s misguided for anyone to try to spin this into anything other than what it is. A sobering fact check. MHI members are among our sources.  Everyone that wants honest growth should want to see MHI admit their mistakes, and own these failures and arguably deceptive steps they’ve taken. Corrected errors benefits everyone.

 

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