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Posts Tagged ‘Washington D.C.’

HUD Secretary Ben Carson tours Innovative Housing Showcase on National Mall in Washington, D.C.

June 3rd, 2019 Comments off
HUDSecretaryBenCarsonToursInnovativeHousingShowcaseNationalMallWashingtonDCDailyBusinessNewsMHproNews

Collage of still images from video, SBG posted further below.

In Washington, D.C., U.S. Housing and Urban Development (HUD) Secretary Ben Carson, toured the Innovative Housing Showcase on the National Mall on Saturday morning.

 

The Innovative Housing Showcase is a five-day event featuring new building technologies and housing solutions that are making housing more affordable for American families and homes more resilient during natural disasters,” according to a news release by HUD, that was previously reported by MHProNews at the link below.

 

HUD Secretary Carson to Host Innovative Housing Showcase Featuring Affordable Housing Solutions

 

Secretary Carson has been talking about manufactured homes and other forms of prefab and innovative housing in favorable terms, such as in the video below.

 

 

The Innovative Housing Showcase, says Sinclair Broadcasting Group’s (SBG) local affiliate, will be free to the public from June 1-5, 2019.  They also say that HUD expects 2,500 to attend.

 

 

If so, only 2500 visitors seems like a very modest expectation.  One might hope that far more will attend, as HUD Code manufactured homes are also on display. Follow up reports should be expected on MHProNews. 

Secretary Carson is clearly trying to promote manufactured homes. Meanwhile, MHI is promoting MHI.  Where is their public promotion of Dr. Carson promoting the industry?

 

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There is word that industry production is still down, for the 8th straight month. More details on that tomorrow.

That’s another look to kick off the work-week for thousands of those who crave their daily fix of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Related Reports:

HUD Secretary Ben Carson Surprise Appearance at Manufactured Housing Consensus Committee, Exclusive Quotes – Addressing Manufactured Home Industry

Dr. Ben Carson Secretary of Housing and Urban Development Manufactured Housing Conference Remarks New Orleans, Louisiana, Hyatt Regency Hotel, May 7, 2019

Census, HUD Official Residential Construction Report for April 2019, Dare to Compare to Manufactured Housing Data

National Association of Home Builders Co-Hosting HUD Innovative Housing Showcase

MHARR Weighs in, HUD Secretary Carson Letter – “Discriminatory…Exclusionary Zoning of HUD-Regulated Manufactured Homes”

https://manufacturedhousingassociationregulatoryreform.org/lead-follow-or-get-out-of-the-way/

https://manufacturedhousingassociationregulatoryreform.org/mharr-releases-study-recommending-independent-collective-representation-for-post-production-sector/

http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/cowards-how-winning-is-done-and-manufactured-housing/

 

 

 

 

 

 

Housing “Overvalued,” Is a New Bubble Ahead?

August 2nd, 2017 Comments off
FrankMartellPresidentCEOCoreLogicDailyBusinessNewsManufacturedHousingIndustryMHProNewsHousingBubble

Frank Martell, President, CEO of CoreLogic. Images provided under fair use guidelines.

With no end to the escalation in sight, affordability is rapidly deteriorating nationally,” said Frank Martell, president and CEO of CoreLogic. “While low mortgage rates are keeping the market affordable from a monthly payment perspective, affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge.”

According to CBNC, the housing market in four of the major U.S. cities has now reached a point where pricing is unsustainable.

The housing market in the cities of Denver, Houston, Miami, and Washington D.C. have reached a point where they are no longer just expensive, they are overvalued.

How is Overvalued Defined?

An overvalued market, per CoreLogic, is determined by comparing current home prices to long-term sustainable prices. When the present price is 10 percent higher than the long-running sustainable ones, the market is considered to be overvalued.

Part of the reason for overvalued homes is due to a lack of available, affordable homes. As Daily Business News readers know from a recent article on supply and demand, when the demand is high and the supply is low, the price is driven up.

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Grapic credit, LinkedIn. To see a video and basic supply and demand overview, click the image above.

The solution, presented in another recent Daily Business News article, is to build more homes. However, with the price of building materials and labor increasing, this is unlikely to bring down the market price of a new site-built home by much.

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Frank Nothaft. chief economist at CoreLogic, credit, CoreLogic.

As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years,” said Frank Nothaft, chief economist at CoreLogic.

What most of the nation overlooks, is what savvy manufactured home professionals know.  The answer to the affordable housing crisis is hiding in plain sight.

So why don’t more manufactured homes sell? Why aren’t people utilizing this solution to the affordable housing crisis?

In our industry, the biggest problem we have is that when people think of a

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D.J. Pendleton. Credit, MHProNews.

mobile home, they think of their great-grandma’s trailer,” said DJ Pendleton, Executive Director of the Texas Manufactured Home Association.

Pendleton recently engaged the mainstream media regarding the placement of manufactured homes in a municipal area.  Demand has grown.

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JD Harper has also sounded off on related issues that are keeping more manufactured homes from being sold in urban and suburban areas.

Thank you for your direct question to HUD’s Pam Danner about the City of Kilgore’s plans to further limit the placement of manufactured homes in that city,” Harper told MHProNews publisher, L. A. ‘Tony’ Kovach,  “I’ve repeatedly questioned why HUD and the administrator’s Office of Manufactured Housing Programs hasn’t acknowledged that preemption was significantly enhanced by the Manufactured Housing Improvement Act of 2000 (MHIA of 2000).”

Harper also addressed a topic raised by an Illinois legislator, who spoke of “economic racism.”

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MarkWeissMHARRPresidentManufacturedHousingIndustryDailyBusinessNewsMHProNewsFor reasons including those Harper cited, Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) has been pushing for the prompt change of leadership at HUD’s manufactured housing program.

Meanwhile, as a recent Masthead column noted, the Manufactured Housing Institute (MHI) has entirely avoided the issue of Danner, HUD and a number of issues that are slowing the industry’s progress.

What ROC USA’s Paul Bradley has called the industry’s “lack of cohesion” is preventing more rapid growth.

Misconceptions…

Unfortunately, through years of misrepresentation, poorly interpreted data, and an all-too-common flow of negativity from the mainstream media – see this recent example – or a corresponding level of positive promotion has resulted in the current public image of manufactured housing.

You can get a lot more house for the same amount of money,” said Texas A&M University Real Estate Center research economist, Harold Hunt, Ph.D. And with a lot of them today, it’s hard to distinguish the inside from any other house. We’re talking about a lot more affordable housing.

From the Consumers Union, in a report from 2003, said, “Regarding differences in home price appreciation, manufactured homes sited on owned lots exhibit appreciation rates that are comparable to those of site-built homes.” 

HUDPD7RReportGraphicManufacturedHomeLivingNewsDailyBusinessNewsMHProNewsIn a HUD PD&R report, “Furthermore, several studies find no evidence of any impact of manufactured homes on the sale prices of adjacent properties (Apgar et al. 2002; Warner and Scheuer 1993; Stephenson and Shen 1997; Hegji and Mitchell 2000). Despite this evidence, community residents continue to harbor stereotypes against manufactured housing and will likely continue to appeal to local government officials to impose regulatory restrictions on such housing.”

To read the rest of that report and related, click here.

What those various industry professionals and reports reflect is this. What CoreLogic has identified, manufactured homes – along side other types of factory building – could be an important part of the solution.

As MHProNews recently reported, Amarillo has moved in the direction of manufactured housing to solve their housing crisis.  Will cities like Denver, Houston, Miami and Washington D.C. where the market prices are the highest, follow their lead? # # (News, Analysis.)

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

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

 

 

 

 

 

MHARR to the EPA: Withdraw Discriminatory Formaldehyde Mandate

May 22nd, 2017 Comments off
MHARRCallforCongressionalReviewandRejectionofDOERulecreditWikipediaMHARR-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: MHARR, Wikipedia.

The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that it has formally called on the U.S. Environmental Protection Agency (EPA) to withdraw certification requirements contained in its December 2016 Formaldehyde Emissions Standards for Composite Wood Products rule. MHARR contends the rule discriminates against manufactured housing and manufactured housing producers.

The call came from MHARR President and CEO Mark Weiss, JD, during a May 1st meeting in Washington DC, convened by the EPA to solicit comments from parties on a new rulemaking docket concerning regulations adopted under the Toxic Substances Control Act (TSCA) and other laws that could be “repealed, replaced, or modified to make them less burdensome” in accordance with Executive Order (EO) 13777 issued by President Trump on February 24, 2017.

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Mark Weiss. Credit: MHProNews.

We’re calling for the elimination of certification requirements for finished goods included in the final rule, which apply to manufactured housing producers but expressly exempt site-builders using the same materials,” said Weiss.

MHARR was the only manufactured housing industry organization to participate in the meeting and address the formaldehyde rule specifically in relation to manufactured homes.

MHARR also noted that the final formaldehyde rule published by EPA (during the last days of the Obama Administration) was significantly different from the proposed rule, published on June 10, 2013. In essence, the original rule stated that both manufactured homes and site-built homes would have been deemed “finished goods,” and subject to the certification requirements applicable.

In contrast, under the final rule, only manufactured homes and manufactured homebuilders are subject to those certification requirements and related regulatory compliance costs.

EPA’s discriminatory imposition of ‘finished good’ certification requirements on manufactured home builders while exempting site-builders from those same requirements, is both baseless and arbitrary, as even a cursory reading of the underlying statute shows. And that is without even getting into the procedural gymnastics used by EPA to change the final rule based on a re-opening of the public comment period to address – supposedly – a completely unrelated issue,” said Weiss.

With new leadership at EPA, though, and with President Trump’s regulatory Executive Orders, the industry will have an opportunity to seek changes to the rule to reduce the regulatory burdens imposed on the industry and the millions of lower and moderate-income American families that rely on affordable, non-subsidized manufactured housing.”

The full release from MHARR is linked 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.

 

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City Residents Make Unexpected Moves – Opportunity for MH?

March 31st, 2017 Comments off
CityResidentsMakeUnexpectedMovesOpportunityforMHcreditForbes-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Forbes.

New data shows an interesting trend – popular cities like New York, Los Angeles, and Washington D.C., normally destinations for living, are actually losing people in mass.

According to a study by Bloomberg, in the 100 most populous U.S. metros, the New York City area ranked 2nd, losing about a net 163,000 residents, Honolulu came in fourth, and Los Angeles came in at 14th.

These areas also have the distinction of having some of the highest inflows of people coming in from outside the country, which has a net result showing a steadily growing population, despite people leaving.

I have an idea of what’s going on here,” said Michael Stoll, a professor of public policy and urban planning at the University of California Los Angeles.

Soaring home prices are pushing local residents out and scaring away potential new ones from other parts of the country.

And, when those people leave, most often those who move in from abroad fill vacant low skilled jobs. How? Stoll has an idea about that as well.

They are able to do so by living in ‘creative housing arrangements,’” said Stoll.

They pack six to eight individuals, or two to four families, into one apartment or home. It’s an arrangement that most Americans just aren’t willing to pursue, and even many immigrants decide it’s not for them as time goes by.”

High skilled foreign workers coming into the country, specifically in the technology industry, they earn enough to live in high cost areas.

They are compensated appropriately and can afford to live in these high-cost areas, just like Americans who hold similar positions,” said Stoll.

One example is Washington, D.C., which had a lot of people from abroad arriving to soak up jobs in the growing tech-hub.

CityResidentsMakeUnexpectedMovesOpportunityforMHcreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

Rust belt cities like Cleveland, Dayton and Toledo, didn’t fare so well.

Even though the cost of living is low, the cities did not get the same influx of people that the other major cities did, which potentially shows that locals were leaving for lack of jobs.

This is part of a multiple-decade trend of the U.S. population moving away from these manufacturing hubs to areas in the Sun Belt and the Pacific Northwest,” said Stoll.

Retiring baby boomers are also leaving the Northeast and migrating to more affordable places with better climates.

 

Opportunity for Manufactured Housing?

Credit: Yahoo.

Many of those retirees have chosen a familiar location.

According to the Census Bureau, The Villages, Florida, was the nation’s fastest-growing metro area for the fourth year in a row, with a 4.3 percent population increase between 2015 and 2016.” The Villages includes a significant amount of manufactured home communities.

The Daily Business NewsMHProNews and MHLivingNews 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.

The myths, and the facts surrounding manufactured housing abound. To learn more, including why manufactured housing is the solution hiding in plain sight for many to achieve the American Dream, 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.

From Obama to Trump: America Celebrates, Protests and Contemplates

January 20th, 2017 Comments off
FromObamatoTrumpAmericaCelebratesProtestsandContemplatescreditCBSNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CBS News.

It is now official: Donald J. Trump is the 45th President of the United States, and Mike R. Pence is Vice President of the United States.

The Daily Business News has followed primary, election and post election activity closely showing the many faces, and voices of the campaign.

In President Trump’s Inaugural Address, he delivered a strong “America First” message.

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Credit: Drudge Report.

The forgotten men and women of this country will be forgotten no longer,” said Trump.

You will never be ignored again.

According to Yahoo News, Trump was sworn in by Chief Justice John Roberts, reciting the 35-word oath with his hand placed upon two Bibles, one used by his family and another during President Abraham Lincoln’s inauguration. Light rain began to fall as the new president stepped forward to address America.

Also noted was the reception that former First Lady and Democratic Presidential nominee Hillary Clinton received when she was announced.

FromObamatoTrumpAmericaCelebratesProtestsandContemplatescreditPhillycom-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Philly.com

Controversy

Protests have been taking place nationwide leading up to the Inauguration, including a “gay dance party” in front of Vice President Mike Pence’s temporary D.C. residence, and the strange case of a young man setting a fire on a Washington D.C. street in protest, live on television.

When asked why he did so, the young man had an instant response.

Because I felt like it. And because I’m just saying, ‘Screw our president!’

Protestors also took to the streets of Washington D.C. this morning, targeting a McDonald’s, Bank of America branches, Wells Fargo and a Starbucks.

 

What’s Next?

FromObamatoTrumpAmericaCelebratesProtestsandContemplatescreditCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNBC.

As the nation moves forward with new leadership, the work of creating an efficient government is under way.

American carnage stops right here and right now,” said President Trump.

We must think big and dream even bigger. America will start winning again, winning like never before. We will bring back our jobs, we will bring back our borders, we will bring back our wealth and we will bring back our dreams,” said Trump.

We will build new roads and highways and bridges and airports and tunnels and railways all across our wonderful nation.

President Trump’s cabinet nominees are still in the process of being confirmed by Congress, including Dr. Ben Carson for HUD Secretary, Rex Tillerson for Secretary of State and Steven Mnuchin for Treasury Secretary amongst others.

You can find more information on the events from this week leading up to the inauguration linked here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

 

 

Sam Zell On CNBC: Donald Trump’s Election Represents “Huge Psychological Difference” About the Economy’s Future

November 17th, 2016 Comments off
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Credit: Forbes.

Investor and real estate billionaire Sam Zell was on CNBC’s Squawk Box yesterday to discuss the impact of Donald Trump’s election.

I think Donald Trump is very smart and has a unique opportunity to change things and lead this country,” said Zell. “And I think this country desperately is looking for somebody to give us leadership.

Speaking about the attitude on Wall Street, Zell stated that it’s shifted from “extreme pessimism to possible optimism. I don’t think there’s any reason why this country can’t go back to [an economic] growth rate of 3 percent,” Zell said.

Zell was on the show most of the morning offering a point of view that was in contrast to some of the other guests, even though he once stated that Trump didn’t have the correct personality and temperament to be president.

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To see an exclusive interview with Sam Zell, click here or the image above.

He has evolved as the reality of the presidency has set in,” said Zell.

Speaking on President Obama, Zell didn’t mince words.

 

 

The economy has been held back under the tyranny of President Barack Obama’s environmental regulations.

I think this country needs someone like Trump to encourage us and lead us in an optimistic fashion,” Zell said. “That’s a great deal of what’s been missing over the last eight years.

Zell also said that Trump has a “unique opportunity” to affect change in the U.S. and Americans are ready for a leader that can break the gridlock in Washington D.C.

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Collage of ELS, photos, symbols and logo from an annual report.

 

As Daily Business News readers are aware, Sam Zell is a strong believer in the manufactured housing industry and serves as chairman of Equity LifeStyle Properties (ELS).

The Daily Business News recently profiled ELS and their dividend announcement here.

ELS is a REIT – a Real Estate Investment Trust – and is one of the largest owner/operators of manufactured home and RV communities in the nation. ELS is also one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here. ##

(Editor’s Note: for A Cup of Coffee interview with ELS CEO Nader, click here.)

ELS Q3 2016 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.

Homemownership Declining

November 29th, 2013 Comments off

Noting that Oklahoma City is the only larger metro area with a stable homeownership, HousingWire suggests that rural areas may be the next move to find affordable homes. Homeownership in New York is 53.9 percent, while in West Virginia, where the median home value is $98,300, it is 72.9 percent. The District of Columbia has the lowest rate at 41.6 percent, according to Census data. Median home values remained steady in smaller counties while they fell in 43 of the largest 50 larger counties, as indicated in the Nov. report. MHProNews has learned of the 50 largest metro areas in terms of population, 49 saw decreases in homeownership.

(Image credit: FotoSearch)

 

New Historical Exhibit Donated to RV/MH Hall of Fame and Museum

October 21st, 2013 Comments off

Swiss photojournalist Frimmel Smith, working in collaboration with the American Institute of Architecture (AIA), interviewed people who choose to live in manufactured housing, creating a traveling exhibit titled “Wheel People” in 1998-99. In cooperation with the RV/MH Hall of Fame and Museum and many state associations, she traveled an entire year gathering photographs and stories for this exhibit which has been on display in Washington, D. C., Chicago, Biloxi, Mississippi, and several other sites. RVBusiness tells MHProNews Smith has donated the exhibit to the museum. Darryl Searer, president of the RV/MH Hall of Fame and Museum, says, “The ‘Wheel People’ exhibit is an excellent addition to our manufactured housing collection. It not only traces the evolution of manufactured housing from trailers to mobile homes and finally to manufactured homes, it also shows the diversity of those who choose to live in homes on wheels. The RV and manufactured housing industries sprang from the same root, but evolved into two separate industries – recreational travel and affordable housing. It’s impossible to tell the story of one industry without including the other.” As Stephen Lee Duncan of Aurora, Colorado told Ms. Smith, “You don’t need a mansion on the hill to be somebody. It’s not the house but the people inside it.”

(Photo credit: RV/MH Hall of Fame and Museum–early recreational vehicle)

Modular Apartments may House Students

September 18th, 2013 Comments off

In an ongoing discussion between students and the administration at Georgetown University in Washington, D. C. regarding additional housing, students objected to satellite housing which would require shuttles to and from campus for several miles, one as far away as Clarendon, Virginia. The Georgetown University Student Association (GUSA), according to thehoya.com (the student newspaper), has voted in favor of a resolution calling on the administration to consult student representatives before any major decision is made. MHProNews has learned one of the options still on the table is siting modular apartments in the McDonough Gymnasium parking lot.

(Photo credit: Andrea Johnson/minodailynews–student housing at Minot State University in North Dakota)

Systems Build Homes Celebrated in Nation’s Capital

August 6th, 2013 Comments off

August 4-10 is being hailed in Washington, D. C. as National Building Systems Week, with demonstrations and model home and factory tours to educate consumers about the merits of off-site built housing. Sponsored by the Building Systems Council (BSC) of the National Association of Home Builders (NAHB), the event includes modular, concrete, panelized and log homes that can save time and money compared to a traditional-build home. In addition, as realestaterama informs MHProNews, their energy efficiency can be unparalleled, and computer-assisted design (CAD) allows unlimited customization of the structure. “Another great quality of systems-built homes is that once they are completed they are indistinguishable from their traditional site-built cousins,” says BSC Chairman Kevin Flaherty, vice president of marketing for Genesis Homes and Champion Home Builders, Inc.

(Photo credit: National Association of Home Builders–modular home in progress)