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Economics 101 – Supply, Demand, and Record Number of Job Openings in U.S. and Affordable Factory-Built Housing

February 14th, 2019 Comments off

Economics101SupplyDemandRecordNumberJobOpeningsUSAffordableFactoryBuiltHomes

There are those in media who attempt to hide or mask their agenda.  That tens of millions of Americans apparently believe that many in media have an agenda is underscored by what is purportedly the most accurate polling unit’s new research, linked here.

 

Editorially, the MHProNews opposes or supports an organization, concept, or candidate not based upon personality, but rather for the practical implications of their policies.  Race, gender, religion, or other similar factors don’t enter into that equation. Policies matter, and complimenting policies, are the track record of the person, party, or organization that advances a policy stance.

If that’s politically incorrect, so be it.

One can debate the style of President of the United States (POTUS) Donald J. Trump.  One might support or oppose specific tweets or comments. But when objective performance is evaluated, a fair minded individual should respect the 45th president’s track record.  The president has bucked several long-time GOP political stances, as well as several positions held by Democrats.  Why?  You could argue that it is because of Economics 101. For those looking for a better understanding, the video below may help illustrate.

 

 

Some examples of POTUS’ policies and how they reflect Economics 101 are these points.  Once the president pushes for tighter immigration policies, for example, that means that if all else remains equal, then the supply of labor will be subject to more demand as time moves on. That will boost wages, which are now rising at the fastest pace in roughly 2 decades. Or consider tariffs, which are unpopular with some groups.  Nevertheless, those tariffs create more demand for American products, that too can be good for U.S. investments, and factors into the law of supply and demand.  Change the regulatory and tax policies, which the president’s leadership has promoted, and you begin to create a dynamic that results in favorable economic growth.

 

 

One of the measures of the health of the economy is found in the latest data points, provided by the White House press office, found further below.  A booming economy, more capital, easier and common sense regulations are formulas for more growth in demand for affordable housing.  That includes modern manufactured homes.

 

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For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here. The infographic below demonstrates that the most proven form of affordable housing is modern HUD Code manufactured homes.

 

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Select headlines from the Trump Administration’s communications team are below, which will be followed by some related manufactured housing commentary.

 

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Job Openings Hit Record High of 7.3 Million in December

“The number of job openings hit a record high of 7.3 million in December, the Bureau of Labor Statistics reported Tuesday in a sign of the labor market’s strength,” Joseph Lawler reports in the Washington Examiner.

“The construction industry recorded 382,000 new posts, far more than ever before . . . In the past three months, the economy has added an average of 241,000 net new jobs a month, more than twice as much as needed to keep up with population growth and keep unemployment trending down.”

Click here to read more.

 

“USA Today ran a surprising story on Tuesday headlined ‘Can the middle-class revival under Trump last?’ It’s surprising — shocking really — because it might just be the first time a major news outlet has admitted that there has been a middle-class revival under Trump,” the Investor’s Business Daily editorial board writes. “It’s a safe bet that had a Democrat been in the White House over the past two years things would be different.”

 

 

“U.S. manufacturing is once again in the news. New data shows America’s factories adding 261,000 jobs from January 2018 to January 2019. In the State of the Union, President Trump emphasized the urgency of confronting predatory trade from countries like China,” Michael Stumo writes in The Hill. “There’s no doubt that America’s manufacturers are currently rebounding. The tariffs that President Trump imposed a year ago on steel, aluminum, solar panels and washing machines have already created more than 11,000 new jobs.”

 

 

“The Donald Trump White House is more than capable of doing conventional things well. Last week’s State of the Union saw a complex policy process synthesized into a well-delivered prime-time address that captured the president’s unique policy agenda and won high praise,” Raj Shah writes in USA Today. “But if conventional management styles alone could make or break a presidency, historians would be praising Jimmy Carter and vilifying Ronald Reagan.”

 

— End of White House release. —

 

MHProNews’ management editorially supported President Trump in 2016.  We supported the lion share of the candidates that the president campaigned for in 2018, for policy reasons.

We are non-partisan in the sense that we belong to no political party, we are independents.  We also recognize that Democrats and Republicans could – on paper, at least – may find common ground on issues such as antitrust action and infrastructure, to name but two points.

This writer very specifically promoted candidate Trump during the 2016 campaign, in a letter that was on the Trump campaigns website for several months.  See the screen capture, below.

 

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While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

 

In short, we are transparent and strive to be clear.  Our agenda is to advance this nation, it’s people, and our industry. For reasons of policy, we see more prudence from Democrats like Howard Schultz, who is lambasting the so-called Green New Deal backed by Democrats.

As an immigrant to the U.S., this writer’s perspective is one of support for the vast majority of the practical policies that President Trump has advanced.  MHProNews editorially believes that the practical results are manifest.

Are there many things still yet to do?  Yes.  But based upon the dynamics of Washington, D.C., the president deserves an A for what has already been accomplished.

More related details are found linked below the byline, business development opportunities, and notices. manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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10 Year Record for America, U.S. Named World’s Most Competitive Economy

October 17th, 2018 Comments off

 

USNamedWorldsMostCompetitiveEconomyDailyBusinessNEwsMHProNews

If Democratic strategist and Clinton adviser, James Carville was right when he said, “It’s the economy, stupid.” He said that to describe what matters the most to voters.

 

If so, then this should be good news for the Trump Administration.  As MHProNews has previously reported, Larry Kudlow, the economic advisor to the president, has sung the praise of our economy compared to any other on earth.  This confirms that claim.

If you want to sell more manufactured homes, clearly, a good economy is better than a lackluster or sagging one.

The 2018 edition of the Global Competitiveness Report represents a milestone in the four-decade history of the series, with the introduction of the new Global Competitiveness Index 4.0,” said the World Economic Forum (WEF).

 

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The report covers 140 economies. The Global Competitiveness Index 4.0 measures national competitiveness—defined as the set of institutions, policies, and factors that determine the level of productivity.

For the first time in a decade, the United States was named the world’s most competitive economy on Wednesday, per the WEF.

 

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The Global Competitiveness Index named Singapore and Germany as #2 and #3.

The new index sheds light on an emerging set of drivers of productivity and long-term growth in the era of the Fourth Industrial Revolution. It provides a much-needed compass for policy-makers and other stakeholders to help shape economic strategies and monitor progress,” said the WEF.

The 10 least competitive economies

1.    Chad

2.    Yemen

3.    Haiti

4.    Angola

5.    Burundi

6.    Congo

7.    Sierra Leone

8.    Mozambique

9.    Liberia

10.  Mauritania

The high U.S. ranking may be part of the attraction for foreign capital coming to the U.S. some of which has been deployed in the factory-built housing arena.

 

See related reports, linked below. That’s this evening’s “News through the lens of manufactured homes, and factory built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Destinations, Manufactured Homes, the Manufactured Housing Industry, and 2018

December 26th, 2017 Comments off

ScienceWorldFallCreekBCCanadaManufacturedHousingIndustryUSDestinationDailyBusinessNewsMHProNews575In the final analysis, manufactured home industry professionals want their business, location, and/or website to become a good destination.

Once a place on-or-off-line becomes a destination, the next obvious goal ought to be to create an encounter that does one of two things.

1) Draw people back (no sane professional should have a ‘once and never again’ goal for the normal visitor).

2) And/or a location on-or-off-line that encourages and attracts the visitor to do business or otherwise engage with a hopefully informed and ethical professional(s).

Partially with that in mind, there are types of articles that industry-leading MHLivingNews and MHProNews has published for years, geared to facilitate those goals of visitor attraction and retention.

Third-party statistics demonstrate the ongoing success of those years of pro-MH industry efforts.

Literal and figurative “Attraction articles” have proven to be popular with many readers/visitors/viewers. Some ‘enter’ the website at one of those pages, and then discover manufactured homes and manufactured home living in a completely different way than they may have previously imagined.

To rephrase, that process of attracting visitors who then discover the truth about manufactured homes from a pro-consumer, pro-industry perspective are a win for the industry, help raise the profile of home owners – which are good for their values – and good for businesses.

Among the ways MHLivingNews has directly tapped into attraction articles has been with a periodic series generically called “U.S. Destinations,” with the specific locale as part of the name of that article.  Some examples of those U.S. Destination articles are linked below.  These reflect a slow evolution of their own, and spotlight some different styles used in crafting those articles.

Note, that they may have no direct connection to manufactured homes.  It’s not necessary for the purpose or goal of these articles.

Nubble Lighthouse and Sohier Park. York, Maine – US Destinations

Lake Mirror Classic Automobile Festival, October 18-20, 2013, Lakeland, Florida, U.S. Destination

Easter in Dinosaur World! – U.S. Destinations, Plant City, FL

Return to the RV/MH Hall of Fame to see the new manufactured home on display in Elkhart, Indiana – US Destination

Statue of Liberty, Ellis Island, New York City, New York – U.S. Destination

See Superman! – Metropolis, IL – US Destination

The Wall Vietnam War Memorial, Washington DC – US Destinations

The end-game for this series has always been to have manufactured home industry professionals provide some of that “U.S. Destinations” content – which could easily include Canadian content.  As with any business, there are some test projects that get less attention and time, but that are later revived and energized.  That’s what this re-launch of the Destinations articles aims to accomplish.

For a modest fee, MHLivingNews is going to accept in 2018 articles about U.S. or Canadian Destinations.  There will be a great deal of liberty in crafting those articles.  Manufactured homes ought to be more in the background, but can be adroitly mentioned.  For example, you can do more travel and fun when your housing costs less.

Every writer would get a by line and an up to 75 word bio, that links back to the website of their choice.

AttractoinMarketingProvenMidLongTermStrategyManufacturedHousingMHLivingNews-DailyBusinessNewsMHProNews575

Qualifications and Standards

  • The articles must have either videos, and/or stills and graphics provided by the author.
  • The articles can be up to 1,000 words, but should be no less than 250 words.
  • All submissions will be subject to editing, with the final say on all edits being solely the MHLivingNews editor/publisher. Any article can be declined for any reason, at MHLivingNews’ sole discretion, to ensure that the integrity of the website’s pro-factory built home industry’s content is protected.  MHLivingNews can also be contracted to ghost write or refine articles for those who desire that service.
  • The submitted location or operation should have an A or B rating with the Better Business Bureau (BBB) to have an article accepted.  When no BBB rating exists, other similar qualifications will be applied.

Articles published on MHProNews and MHLivingNews stay published, and become the property of MHLivingNews.com and our parent company. So unlike a ‘one and done’ advertisement, this can be an ongoing source of a high-authority link back, with the SEO and traffic that can bring to the website of your choice.  That said, because there are costs to maintain, edit and post, every article that’s accepted will have that one-time, upfront fee charged.

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Before you or a team member submits an article, please  send an email to iReportMHNewsTips@mhmsm.com. Include in the subject line, U.S. Destinations Proposal.  Keep your proposal under 200 words, bullet points are encouraged. Once reviewed, we’ll send you an email that will state the modest fee for processing an accepted proposal.  Questions?  Let the Destination article submissions begin… ## (2018 announcement, news series, invitation, commentary.)

2 Week Notice. MHProNews will be on a somewhat modified publication schedule from now through January 2nd, resuming normal scheduling in 2018. More details, click here.

Notice 1: Looking for our emailed MH Industry headline news updates? Click here to sign up in 5 seconds. You’ll see in the first issue or two why big, medium and ‘mom-and-pop’ professionals are reading them by the thousands, typically delivered twice weekly.

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U.S., Brit Media Hyped About Italian Flat Packed PreFab, Video, Stills – From $33K

November 21st, 2017 Comments off

MADIiFlatPackedPrefabhomesUnfoldingUpDailyBusinessNewsManufacturedHousingIndustryProNewsFrom the U.S. to England, and beyond, the Italian Renato Vidal‘s MADi PreFab Home is turning heads.

The house, says the producer, is about 30-40 days out from the time an order is placed until it is ready to ship.

The flat-packed, hinged unit can be set up, they say, in less than a day.  A time elapsed video shows that process.

The Sun has published the most recent report on this technologically interesting house.  They reported a similar figure on costs similar to what the media release to the Daily Business News received directly from the Italian producer.

A single unit is reported as £24,800m which at the current exchange rate, would be $32,736 at today’s exchange rate of 1 pound = $1.32. That unit is the size of a tiny house, about 290 sq feet.

904-square-foot family home which will set you back £54,900,” says the Sun, or about $72,468 at today’s exchange rate.

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Gushing Media…

New Atlas, said:The M.A.Di home is an economic flat-packed housing solution that is not only sustainable, but designed to last and withstand earthquakes. Manufactured by wood specialist Area Legno in Italy, the M.A.Di home is built using CLT (cross laminated timber) to create a modular and multi-functional anti-seismic family home.”

Inhabitat stated, “The modular, the flat-packed design of the M.A.Di Home is meant to create a streamlined, sustainable process between manufacturing and assembly. Thanks to their unique folding ability, the homes are prefabricated off site, flat-packed and easily transported via truck or container to virtually any location.”

And on it goes with Builder, or the Sun – which thinks this could solve the British affordable housing crisis, and others too.

What MADi is Not…

The price doesn’t include:

  • Transport
  • Installation,
  • Foundation, or per their spec sheets,
  • most of the interior items, such as cabinetry and appliances.

To rephrase, it isn’t – yet – an immediate threat to HUD Code manufactured homes (MH). It might well give smaller modular homes a run for their money.

What MADi once more reminds the MH industry professionals is that the nation, and others abroad, are looking for what MHProNews reported months ago, are hunting for “the Single Section Manufactured Home Alternative.”

Are Americans Hunting for the Single Sectional Manufactured Home Alternative?

But be it foreign or domestic, a range of modular, container and PreFab Housing producers are taking aim at those millions of housing units that MHProNews has documented for the industry are needed.

Inside MH – Not Every Democrat, Not Every Republican – Politically Incorrect, Factually Accurate

While some are busy trying to use advertorials and other dubious ways of promoting the industry, what’s needed is genuine public education, and media engagement.

What’s the Difference? Advertising vs. Educating

The media is embracing other forms of factory built housing. Will more in the MH industry learn soon? ## (News, analysis, and commentary.)

Related: For marketing and other MH Professional Services, click here.

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Michael Geller, Making a Home for Manufactured Housing, a Vision for America

June 19th, 2017 Comments off

SageCreekCommunityWestKelownaBCVancouverSunManufacturedHousingIndustryDailyBusinessNewsMHProNews530x429Europeans, Asians, Canadians and others world-wide are among those who come to the U.S. – and/or research online – about the differences and similarities between their version of factory crafted housing with what is found here in the United States.

That same exercise is useful in reverse.  It’s helpful to understand what other nations do that may prove to have valuable insights for manufactured and modular home builders here in the U.S.

Geller on Factory Home Building

Architect Michael Geller shared his experiences of the recent 2017 Manufactured Housing Association of British Columbia’s annual conference. Geller’s column in the Vancouver Sun began with the headline, “Making a Home for Manufactured Housing.”

Geller’s thoughts will be explored below, after context is provided.

Let’s note that Geller nailed all of the terminology. MHProNews, and MHLivingNews readers are routinely reminded how useful it is to properly describe our homes, because it elevates the value proposition to all those who are listening or reading.

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For the RC Williams report, click the image above.

Snapshot from Canada’s Versions of Factory Building

For those not familiar with Canada’s version of manufactured housing, they have a code known as Z240 that their homes are built to, roughly analogous to the HUD Code for manufactured housing in the U.S.

As in the states, Canadian modular are built to the same standards as conventional housing, which like Z240s, are built in a controlled environment.

Specifically, the Canadian Manufactured Housing Institute (CMHI) says, “Regardless of how or where a building is constructed, the authority having jurisdiction (e.g. the municipality) where the building will be located has a mandate to confirm that the building is built to code requirements. A certification label, indicating compliance with Canadian Standards Association (CSA) standards, is the building inspector’s assurance that the factory-constructed parts of the building meet local requirements.”

Code References to Z240 MH Series Manufactured Homes

Some building codes state that homes constructed in compliance with Z240 MH Series are “exempt” from the code. In effect, this means that homes constructed to the standard are deemed to comply with the code. Local authorities rely on the Z240 MH label to confirm acceptability.”

If you look at the statistics in the CMHI statistical reports document, linked here, and adjust for the population difference between the U.S. and Canada, it seems that the Canadians could be doing better than their U.S. counterparts.  Their annual report has more data than their U.S. counterparts typically do.

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Credit, CMHI, shown under fair use guidelines. For their full report, click the image above.

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Credit, CMHI, shown under fair use guidelines. For their full report, click the image above.

 

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About Geller

Simon Fraser University says that “Michael Geller is an architect, planner, real estate consultant and property developer with four decade’s experience in the public, private, and institutional sectors. His company, The Geller Group is active in real estate consulting and property development. Current activities include land use planning, feasibility studies, and development approvals for a variety of large and small projects around Metro Vancouver.”

As you consider Canadian vs. U.S. shipment totals, bear in mind that Canada’s population is about 11% of that in the U.S. So, to get a comparable, apples to apples sense, multiply their shipments by 8.91 and you’ll see that their shipment totals look to be higher percentage wise than HUD Code manufactured housing is here in the U.S.

WorldOMeterUSvsCanadaPopulationComparisonManufacturedHousingIndustryResearchReportsDataDailyBusinessNewsMHProNews

With that Backdrop, Highlights from Michael Geller’s Expertise

Imagine if cars were built like houses,” says Geller.

I thought about the differences between building cars and houses on a recent tour of a Kelowna manufactured housing factory organized as part of the 2017 Manufactured Housing Association of British Columbia’s annual conference,” he said. “I was invited to offer the perspective of an architect and developer on factory-built housing to an audience comprising manufacturers, dealers, transporters and government officials,”

Geller explained his history, and the interest than – and now – with homes that could be relocated if needed, but typically would stay in their original location once sited.

I have had a longstanding interest in manufactured housing dating back to 1970 when I was one of seven architectural students from across Canada to win a CMHC travelling scholarship. Our travels took us across the U.S. with guide Warren Chalk, one of the founding members of Archigram, an avant-garde 1960s British architectural group, with projects that included Plug-in-City, a massive framework into which modular dwellings could be slotted and removed.”

Back then, Geller spent weeks learning and promoting the early days of factory built housing.

For six weeks,” he said, “we toured mobile home parks and housing factories on a government initiative to promote manufactured housing on a major scale.”

As part of his thesis years ago, he proposed concepts he believed would be good for the industry and Canadian society.

SageCreekCommunityWestKelownaBCManufacturedHousingIndustryDailyBusinessNewsMHProNews

Image credits, Sage Creek website, a Canadian modular home community.

In my university thesis,” said Geller, “I focused on a factory-produced relocatable housing system, and proposed that just as schools set up portable classrooms, governments could install modular housing on vacant lots. This could then be relocated when the property was needed for redevelopment, effectively eliminating the cost of land.”

He gave examples of past projects and plans, then said, “In recent years, BC Housing and the City of Vancouver undertook a feasibility study of a concept to promote relocatable modular housing as an alternative to housing people in shelters.

In British Columbia (B.C.), “today, thousands of attractive permanent homes are being built in factories. Companies such as Triple M, Moduline, SRI and many other manufacturing plants are constantly improving assembly-line procedures to build complete homes in days, rather than weeks or months,” he says, using points familiar with professionals south of the U.S. Canadian line.

By building in climate-controlled settings, workers are not dealing with rain or snow,” he said. “Waste is considerably reduced, and consequently factory-built homes are cost-effective, environmentally smart, and able to be customized as on-site construction. For this reason, many of the PNE show homes have been built using modular construction.”

At the Kelowna conference, I learned there are two basic types of factory-built housing: manufactured homes and modular-built homes.”

What follows would be wonderful if American public officials and media reported as accurately as did Geller.

Manufactured homes are typically constructed on a steel frame in one or two sections and are virtually complete when they leave the factory. Thus, they are ready for move-in the same day or a few days after arriving on the site. These homes can be installed on simple foundations and even relocated, although most are never moved from their original site,” he wrote.

SageCreekCommunityWestKelownaBC2ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Image credits, Sage Creek website, a Canadian modular home community.

He notes that the homes can be placed on crawl spaces or over a full basement.  Many in the U.S. tend to forget that concrete slab construction can be harder on the body. So the type of building that manufactured and modular homes produces is not only more economical, it can be healthier too.

Modular-built homes do not have a steel frame,” (Editor’s note to American readers; in the U.S. you can have on-frame as well as off-frame modular building). Geller said, “A typical bungalow consists of one or two modules, while multi-storey homes or buildings are created with multiple modules. These homes are typically set on full-perimeter foundations with a crawl space or even a full basement.”

Geller wraps with surprise, but a prediction for future acceptance and growth.

While I am surprised that factory-produced housing is not more popular in Canada, expect this to change, since it is cost-effective, energy- and resource-efficient, and well suited to a variety of housing forms. It could be an affordable solution for infill and laneway housing, and multi-storey apartments.”

Imagine if houses were built like cars.”

Indeed. ##

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

 

 

 

 

Chinese Firm to Provide Modular Homes in U.S.?

May 12th, 2017 Comments off

ChineseEconomicCollapseBlogMarleneHomesDesignboomDailyBusinessNewsMHproNewsIn Delaware last week, a group of economists, investors, and housing experts got together to discuss a business venture that raised some eyebrows.

According to the Delaware Business News, the group met to discuss a business venture that would leverage Chinese investment and manufacturing to produce modular housing units at low cost for Delaware customers.

The plan is to partner with Chinese manufacturer Maristar to produce modular homes for about $80,000 each,” said Dennis O’Brien, CEO of InfoVest, a Wilmington-based venture capital firm that spearheaded the conversations.

ChineseFirmLookstoProvideModularHomesinUScreditInfovest-postedtothedailybusinessnewsmhpronewsmhlivingnews

Dennis O’Brien. Credit: InfoVest.

Delaware is in trouble. China can be the answer to that trouble.”

O’Brien, an investor and entrepreneur, is also a former foreign correspondent for China Daily and a long-time champion of economic ties between the two countries.

Maristar’s primary segment is shipping containers, but they say that they have adjusted their facilities to produce modular homes with a similar structure. They would adapt the homes to fit local building codes, and then ship them to the U.S.

While O’Brien pushed for the idea of utilizing Maristar to build affordable housing for low income areas of Wilmington, the group ultimately decided that the idea was not feasible without heavy collaboration with local government.

It would probably take a lot more groundwork, especially with the social programs, to get lined up,” said Christopher Counihan, a professor of international relations at the University of Delaware.

Making the deal too risky and complicated for the Chinese investors is also a concern.”

So, the group decided to pivot to a new target: foreign-born college students.

ChineseFirmLookstoProvideModularHomesinUScreditDChinaMaristar-postedtothedailybusinessnewsmhpronewsmhlivingnews

One of Maristar’s shipping containers. Credit: Maristar.

The number of Chinese students attending the college has increased 200 percent per year,” said Dr. Jianguo Chen, director of the University of Delaware’s Confucius Institute.

The University only plans to attract more of those students, and housing could become an issue.”

 

We thought the container modules could serve that Chinese population,” said Counihan.

ChineseFirmLookstoProvideModularHomesinUScreditDelawareBusinessTimes-postedtothedailybusinessnewsmhpronewsmhlivingnews

The group meeting in Wilmington, DE. Credit: Delaware Business News.

The plan would have the homes stacked into vertical apartments, similar to those in London at the Apex House Tower, which stands 29 stories and is planned to house 560 students.

Both American and Chinese students would be housed in the apartments, encouraging integration among the groups.

InfoVest says that it requires at least $100 million to begin, and the majority of that money could come from Chinese investment company Shanghai Yongquan Entrust Investment Development Center LP.

Delaware is a perfect test case for how the Chinese can help us as a country,” said O’Brien.

We are reaching out to American investors as well.”

The group said that the goal is for the housing to be available to students in September 2018.

 

What Happened to…Made in the USA?

TrillionsInUSAffordableHousingNeeded

When you do the math from the recent Zillow study, and compare it to data from NAHB or NAR, there are trillions of dollars in affordable housing demand – and thus opportunities – in the next few years. Taxpayer subsidized programs won’t be able to cover that cost, but the proper approaches for manufactured housing could.

MHProNews and MHLivingNews are among the factory-built housing industry operations that have made the case that domestically made modern manufactured and modular homes are a viable solution to help solve the problem of quality affordable housing throughout the country.

Given the many capable U.S. firms that could deliver a superior quality and less expensive homegrown product, one has to wonder why this group, which included professors, did no due diligence into U.S. alternatives, including manufactured housing?

LATonyKovach-Louisville-2015-mhpronews-com-275x156

L. A. ‘Tony’ Kovach is one of the most widely recognized experts on manufacturd housing today.

Imagine engineered homes, that meet or exceed strict federal safety, energy and performance standards, built to the nation’s only preemptive code for permanent homes,” said Daily Business News Publisher L.A. “Tony” Kovach.

By using the same proven systems that keep costs down on cars, smartphones, clothing or other produced products, you save on labor, time, have about 30% less waste, can buy in bulk and thus save money.”

And the U.S. Census Bureau and Government Accountability Office state our homes are about half the cost of conventional construction,” he added

Kovach says the industry may be too lax about overseas operations coming to America, and taking domestic producers market share.

For more on Chinese companies making inroads into modular housing, including China National Building Material Company (CNBM) joining forces with Barcelona, Spain based Barcelona Housing Systems and U.K. housing association Your Housing Group (YHG), and renewable energy supplier, Welink to build six prefab factories, click here. ##

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

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RC Williams, MHProNews.

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

Outsourcing and the U.S. Economy: Can Trump Muscle Save the Day?

May 3rd, 2017 Comments off
OutsourcingandtheUSEconomyCanTrumpMuscleSavetheDaycreditlastlineofdefense-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Last line of defense.

India based IT services firm Infosys announced yesterday that they plan to hire 10,000 U.S. workers over the next two years and open up four additional technology centers, beginning in Indiana.

According to Newsmax, the move comes at a time when Infosys, along with fellow Indian companies Tata Consultancy Services and Wipro, are on the radar of the Trump Administration for displacing U.S. workers by bringing in cheaper foreign workers as a part of the H1-B Visa program, paying them less.

The Trump Administration has ordered federal agencies to review the program.

When you think about it from a U.S. point of view, obviously creating more American jobs and opportunities is a good thing,” said Infosys Chief Executive Vishal Sikka, who said the company plans to hire U.S. workers in fields such as artificial intelligence.

Sikka also says that Infosys has already hired 2,000 U.S. workers as part of a previous effort started in 2014.

OutsourcingandtheUSEconomyCanTrumpMuscleSavetheDaycreditHindustanTimes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Vishal Sikka. Credit: Hindustan Times.

We started small at first and have been growing since then,” said Sikka.

The reality is, bringing in local talent and mixing that with the best of global talent in the times we are living in and the times we’re entering is the right thing to do. It is independent of the regulations and the visas.”

 

How Outsourcing Jobs Affects the Economy

According to a report from The Balance, the main negative effect of outsourcing is it increases U.S. unemployment.

The 14 million outsourced jobs are almost double the 7.5 million unemployed Americans. If all those jobs returned, it would be enough to also hire the 5.7 million who are working part-time but would prefer full-time positions.

The report also says that imposing laws or terms to restrict job outsourcing could make U.S. firms less competitive.

According to a study from Pew Research, major changes are reshaping U.S. workplaces as the economy moves deeper into the “knowledge-focused age.”

OutsourcingandtheUSEconomyCanTrumpMuscleSavetheDaycreditPewResearch-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Pew Research.

These changes are affecting the very nature of jobs by rewarding social, communications and analytical skills. They are prodding many workers to think about lifetime commitments to retraining and upgrading their skills.

The study cites that the number of workers in occupations requiring average to above-average education, training and experience increased from 49 million in 1980 to 83 million in 2015, or by 68 percent.

This was more than double the 31 percent increase over the same period in employment, from 50 million to 65 million, in jobs requiring below-average education, training and experience.

 

Hope for Lost Jobs? President Trump in Action 

JobsGoBoomEmploymentNumbersShowTrumpEffectcreditHeathersHomilies-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Heather’s Homilies.

President Trump is known for his no-nonsense, get things done style. Coming into the White House, he had no plans to change it.

I will be the greatest jobs producer God ever created,” said President Trump just before his inauguration. “Believe me.

By all appearances, he’s on his way to delivering on that statement.

In the ADP March private payrolls report, companies added 263,000 jobs for the month, which was well above the 185,000 expected from economists surveyed by Reuters, and also bested the 245,000 reported for February.

Even with a slight move down in April, surveys still show that confidence in the economy is strong.

Job growth is off to a strong start in 2017,” said Mark Zandi, chief economist of Moody’s Analytics at the time.

The gains are broad-based but most notable in the goods producing side of the economy including construction, manufacturing and mining.“

That has resonated with the small business community as well, as the January, February, and March reports reflect anticipation of President Trump’s policies, including the highest Small Business Optimism Index in 37 years from the NFIB.

SmallBusinessOptimismIndexHighestin37YearscreditNFIB2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Juanita Duggan. Credit: NFIB.

We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan in January.

Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”

 

 

A View from the Industry

Even with the progress that’s been made, President Trump still faces an uphill battle.

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com, MHLivingNews.com and MH Consultant.

As well as the markets and new job creation are already responding to his initiatives, where could we be if there wasn’t a non-stop assault on our new president?” said MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach.

In November, Tim Williams told MHProNews that, “I am deeply encouraged that less than 24 hours into President Trump’s term, he has frozen new, potentially burdensome regulations.”  For his full comments, click here.

MHARR CEO, Mark Weiss, JD, shared similar thoughts with MHProNews in a story, linked here.

For more on the nations economic progress, including a recap of President Trump’s first 100 days, click here. ##

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

 

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RC Williams, MHProNews.

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

NFIB Provides Vital Small Business Guide

April 3rd, 2017 Comments off
NFIBProvidesVitalSmallBusinessGuidecreditNFIB1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NFIB.

The National Federation of Independent Business (NFIB) is out with its 2017 Small Business Tax Guide.

The free publication helps small business owners to identify what’s new for the 2016 tax year, and outlines some of the reforms that the organization expects to see over the next few months as President Donald Trump works to move his tax reform plans forward.

Tax reform that starts with small business is one of the keys to unleashing a strong American economy. Approximately 75 percent of small business owners are taxed at the individual tax rate, not the corporate tax rate, because their businesses are structured as pass-through entities,” said the NFIB in a statement.

Tax discrepancies between corporate and individual rates must be addressed in this once-in-a-generation window of opportunity. There is tremendous optimism for this new Congress to repair and simplify a tax code that is holding back our small business economy.

Each year, small business owners cite taxes as one of their top issues, due to ever changing rules and punitive rates.

NFIBProvidesVitalSmallBusinessGuidecreditNFIB2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: NFIB.

We are very active on tax reform, one of our key priorities for 2017. President Trump and Congressional leadership agree that taxes are far too high for both pass-through businesses and C corporations. The tax code strongly favors large corporations. NFIB believes that no small business should be paying a higher tax rate than Exxon Mobil,” said NFIB CEO Juanita Duggan.

SmallBusinessOptimismIndexHighestin37YearscreditNFIB2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Juanita Duggan. Credit: NFIB.

I have made it clear to Congress and the President’s team that tax reform starts with small business. Small business employs 58 million Americans and creates more than half of all jobs. If the purpose of tax reform is to grow the economy and create jobs, then it must focus on small business.

Duggan and the NFIB have been vocal and active leading up to, and after the election of President Trump, including a report last month about small business optimism being at it’s highest rate in 37 years.

We haven’t seen numbers like this in a long time,” said Duggan. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.

The NFIB 2017 Small Business Tax Guide is available here.

The small business optimism report is linked here.

For more from the NIFB on small business, 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.

Louisiana-Pacific Corp. Reports Q4 Earnings

February 8th, 2017 Comments off
LouisianaPacificCorpReportsQ4EarningscreditLPX1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Louisiana-Pacific Corp.

Louisiana-Pacific Corporation (NYSE: LPX) reported results for the fourth quarter and year ending December 31, 2016 today.

Total net sales for the fourth quarter totaled $550 million, 19 percent higher than the same quarter one year ago. Total net sales for the year were $2.2 billion, 18 percent higher than the previous year.

 

Income from continuing operations for the fourth quarter was $43 million ($0.29 per diluted share) and income of $150 million ($1.03 per diluted share) for the year.

Non-GAAP adjusted income from continuing operations was $32.8 million ($0.23 per diluted share) for the fourth quarter and income of $130 million ($0.89 per diluted share) for the year. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) from continuing operations for the fourth quarter was $85 million compared to $34 million in the fourth quarter of 2015.

For the year, EBITDA from continuing operations was $346 million compared to $67 million the previous year.

LouisianaPacificCorpReportsQ4EarningscreditLPX2-postedtothedailybusinessnewsmhpronewsmhlivingnews

LouisianaPacificCorpReportsQ4EarningscreditLPX2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Our fourth quarter ended very strong which added to an outstanding 2016 for LP,” said CEO Curt Stevens.

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LPX CEO Curtis Stevens. Credit: LPX.

Siding revenues were nearly 20 percent higher in Q4 of this year compared to Q4 of last year while adjusted EBITDA for this business was over 50 percent higher. Coupled with over a 400 percent increase in OSB earnings this quarter compared to last year, the full year ended with an 18 percent increase in revenues, an EPS from continuing operations of $1.03 and adjusted EBITDA of $346 million.

LPX shares were up today, gaining 4.63 percent.

I am confident that housing will continue to grow over the next several years as household formations increase and both job and wage growth become stronger,” said Stevens.

With our new leadership in place, our facilities running well and our sales force focused on growth, 2017 should be a good year for LP.

LouisianaPacificCorpReportsQ4EarningscreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers.

LPX is one of the various manufactured housing industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

LPX Q4 2016 and Year End Results.

(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.

U.S. Existing Homes Sales Rise in December, MH Industry Response

January 25th, 2017 Comments off
USExistingHomesSalesReachHighestLevelinNineYearscreditHousely-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Housely.

Data from the National Association of Realtors (NAR) shows that home sales continued their growth in December, as more buyers reached the market before the end of the year. The delayed closings resulting from the rollout of the “Know Before You Owe” initiative pushed a portion of November’s would-be transactions into the December figures.

Sales of existing homes rose 14.7 percent to a seasonally adjusted annual rate of 5.46 million in December from 4.76 million in November. After last month’s turnaround, which was the largest monthly increase ever recorded, sales are now up 7.7 percent above a year ago. The Daily Business News covered the record increase in a story linked here.

The increase caps off the best year of existing home saies since 2006.

While the carryover of November’s delayed transactions into December contributed greatly to the sharp increase, the overall pace taken together indicates sales these last two months maintained the healthy level of activity seen in most of 2015,” said NAR chief economist Lawrence Yun.

Additionally, the prospect of higher mortgage rates in coming months and warm November and December weather allowed more homes to close before the end of the year.

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Lawrence Yun. Credit: The Business Journals.

The median existing-home price for all housing types in December was $224,100, an increase of 7.6 percent from December 2014. The price increase marks the 46th consecutive month of year-over-year gains.

Total housing inventory dropped 12.3 percent to 1.79 million existing homes available for sale, and is now 3.8 percent lower than a year ago.

Unsold inventory is at a 3.9-month supply at the current sales pace, down from 5.1 months in November and the lowest since January 2005.

Although some growth is expected, the housing market will struggle in 2017 to replicate last year’s 7 percent increase in sales,” said Yun.

In addition to insufficient supply levels, the overall pace of sales this year will be constricted by tepid economic expansion, rising mortgage rates and decreasing demand for buying in oil-producing metro areas.

The percentage of first-time buyers was at 32 percent, matching an August high, up from 30 percent in November and 29 percent a year ago. First-time buyers in all of 2015 represented an average of 30 percent, up from 29 percent in both 2014 and 2013.

First-time buyers were for the most part held back once again in 2015 by rising rents and home prices, competition from vacation and investment buyers and supply shortages,” said Yun.

While these headwinds show little signs of abating, the cumulative effect of strong job growth in recent years and young renters’ overwhelming interest to own a home should lead to a modest uptick in first-time buyer activity in 2016.

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Credit: MHLivingNews.

A recent MHLivingNews article covered a National Association of Realtors study, showing the millennial generation’s desire for quality affordable housing. That article is linked here.

 

A view from the MH Industry 

The Manufactured Housing Institute (MHI) tells MHProNews that the industry is poised to experience its seventh consecutive year of growth.

While the final shipment numbers for 2016 are not yet available, MHI estimates place them close to the 80,000 mark, up from somewhere between 78,500 and 80,500.

If estimates are accurate, 2016 would be a double-digit growth year between 10-14 percent ahead of 2015.

MHI is working on obtaining more formal statistics from the Federal Emergency Management Agency to determine the final impact of FEMA units.

Credit: MHI.

Conservative estimates for 2017 from MHI show that shipments will be in the 85,000-87,000 range, a 5 to 8 percent increase from 2016. If regulatory constraints are quickly lifted, then that number could rise.

There are many unknowns as the US economy moves forward under a Trump Administration,” MHI shared.

However, the new president’s ‘pro-business, less-regulation’ approach would seem to be in the favor of the manufactured housing industry.” ##

(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.