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Posts Tagged ‘wikipedia’

Homeownership Rates in U.S. Compared to Top 50, MHI’s Idea Revisted

August 25th, 2017 Comments off
HomeownershipRatesIntheUSFeaturedCreditChicagoTribuneDailyBusinessNews

Featured image credit, Chicago Tribune, MHProNews.

Homeownership is a way for people to generate stability and wealth and not just go to work every day,” said Deborah Moore, neighborhood planning director for Neighborhood Housing Services of Chicago.

In addition, homeownership can “change the trajectory of neighborhoods,” she added.

Homeownership is a dream that for many Americans seems far off.

The growing lack of affordable housing options across the country is manifest in a host of reports and in a variety of data.

Rents are higher than ever.  That makes it harder for minimum – and low-wage workers – to be able to afford their current housing costs, let alone save for a home.

In the United States, the homeownership rate as of the second quarter of 2017 was 63.7 percent, per the U.S. Census Bureau.

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Image credit, US Census Bureau, FRED St. Louis Fed.

But how does the United States stack up against the rest of the world?

According to Wikipedia, which takes twenty-one different sources into account, the United States ranks 41st highest percentage of homeowners in the world, with 65.4 percent.

The country with the highest homeownership rate is Romania, with 96.4 percent of citizens owning their home.

Coming in just under Romania is Singapore at 90.8 percent, Slovakia at 90.3 percent, and Cuba at 90 percent.

The U.S. is nearly neck-and-neck with the United Kingdom, where 63.5 percent are homeowners. (Editor’s Note: see the footnotes below, after the ## on Julia’s article.)

Rev. Tye on the Obvious Solution

Homeownership benefits more than just the homeowners, says manufactured housing advocate, Rev. Donald Tye, Jr.  People who own their home are more likely to maintain it, which keeps neighborhood’s more appealing, and adds to the tax base.

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Tye told MHProNews that, “As we think about housing in today’s world, the most important aspect should start with affordability. When home ownership is affordable, it has ancillary benefits.”

HUD Secretary Ben Carson has stated that the average net-worth of a homeowner in the U.S. is $200,000, while the net-worth of a renter is on average $5,000.

Ownership builds character, competence and integrity,” Tye said in soft yet potent tones.

One of the reasons that the U.S. ranks so low on homeownership compared to some of the countries on the Wikipedia list is because of the lack of affordable homes on the market.

JDHarperExecutiveDirectorArkansasManufacturedHousingAssocPostedMHProNews

Harper’s Op-Ed on a related issue can be found at this link here, or by clicking the image above.

Since the so-called Great Recession of 2008, it has been more difficult to qualify for a home loan.  Conventional housing prices  continue to rise well above wages ability to sustain a mortgage on the average house.

Insufficient numbers of new homes being built are among the biggest contributing factors per a recent study, as the Daily Business News previously reported.

Manufactured housing presents a clearly viable solution, through cost-effective building that offers high-qualify homes for a fraction of the cost.

JD Harper told MHProNews last December that “most cities [in Arkansas] view factory-built structures through the same prism as billboards, cell towers and sexually-oriented businesses… something to be avoided if at all possible, but restricted and heavily regulated if allowed at all.”

However because of NIMBY (Not In My Back Yard) attitudes described above, along with outdated information perpetuated by the media, many people don’t consider it an option at all.

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If manufactured housing was better understood millions more could afford to become homeowners, and the number of homeowners in the U.S. could far exceed the current 63.4 percent. ## (News, Analysis, Fisking – below.)

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Editor’s Note: The spark for this article was our request to Julia Granowicz to do some research on MHI’s most recent Did You Know? feature.  What her research turned up was the latest example of flawed data, and unattributed information.  Please see the below.

 

 

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Original photo credit, Pixabay, text and collage credit, MHProNews.com.

Please see the statistics MHI showed, in the screen shot from their most recent email, below.  Then, compare it to the actual list shown on Wikipedia, which is shown further below.

Does it look to you like the very first country MHI showed is wrong?  Plus MHI failed to give proper credit to the source?  Then, MHI slapped their own copyright notice on someone else’s data?

We Provide, You Decide.” ©

MHIManufacturedHousingInstittueDidYouKnowPercentageHousingUStoTop50CountriesWorldPostedMHProNews

You are entitled to your own opinions. but your are not entitled to your own facts.” – Daniel Patrick Monaghan.

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

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

 

 

 

 

 

 

Markets Closed for Memorial Day

May 29th, 2017 Comments off

Arlington Nation Cemetery in Washington, D.C. Credit: Wikipedia.

The U.S. Stock Markets are closed today, in deference to the Memorial Day holiday. Normally known in the U.S. as the “gateway to summer,” Memorial Day is a significant homage to those who have made sacrifices.

Per Wikipedia, Memorial Day is a federal holiday in the United States for remembering the people who died while serving in the country’s armed forces.

The holiday is currently observed every year on the last Monday of May. It marks the unofficial start of the summer vacation season, while Labor Day marks its unofficial end.

Many people visit cemeteries and memorials, particularly to honor those who have died in military service. Many volunteers place an American flag on each grave in national cemeteries.

Memorial Day is not to be confused with Veterans Day; Memorial Day recalls the men and women who died while serving our country, while Veterans Day celebrates the service of all U.S. military veterans.

Following President Abraham Lincoln’s assassination in April 1865, commemorations were ubiquitous. The sheer number of soldiers of both sides who died in the Civil War (more than 600,000) meant that burial and memorialization took on new cultural significance. Under the leadership of women during the war, an increasingly formal practice of decorating graves had taken shape.

In 1865, the federal government began creating national military cemeteries for the Union war dead.

For a look at Friday’s Market Report, click here.

The management and team of MHProNews would like to extend our deepest thanks to those who made the ultimate sacrifice for our safety and freedom. ##

 

(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.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Left, Right Agree – President Obama’s mark is on powerful U.S. Appeals Courts

August 31st, 2016 Comments off
CarrieSeverinoPOTUSObamaElizabethWydra-DailyBusinessNewsMHProNews-

NOTE: if you hear sounds coming on, scroll down to the FEMA manufactured housing report, and push PAUSE on the video. Sorry, but that video only offered an autoplay function. MHProNews produced videos do not do that…Top image – Carrie Servino credit, Judicial Crisis Center, President Obama photo credit, BlackHistory, Elizabeth Wydra Constiutional Accountability Center, AJA. Photo collage arranged by MHProNews.

Elizabeth Wydra is the president of the Constitutional Accountability Center, which Wikipedia describes as a conservative judicial group.

Carrie Severino, is the chief counsel and policy director at the Judicial Crisis Network, which Wikipedia says an action center, think tank and public interest law firm that believes in an inherently progressive view of the Constitution.

With Wydra on the right, Severino on the left – both agree that President Obama’s mark has been made on the powerful U.S. Appeals Courts – as the video with legal journalist Shannon Bream from FoxNews reports, with clips from both sides of the political aisle.

While the Supreme Court may decide 70 to 80 cases a year, the appeals courts rule on hundreds, many of which never make it to the highest court, which gives them tremendous power.

When Obama took office, only three appellate courts had more Democrat-appointed judges than Republican-appointed judges. Now, nine of the 13 circuits do,” states Bream.

So while a considerable level of discussion has taken place during the current election cycle about a potential for Hillary Clinton or Donald Trump to make 2, 3 or perhaps 4 Supreme Court picks, the impact of these appeals court judges is not to be overlooked.  Many business related cases are and will be decided by the courts.

So left and right agree on this; the judicial impact on the lives of professionals and all Americans is going to have a lasting impact, based upon the results of the November 8 elections. ##

(Image credits are as shown.)

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

(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim.)

Article submitted by L. A. “Tony” Kovach, to Daily Business News for MHProNews.

U.S. Stock Markets Closed Today for Good Friday

March 25th, 2016 Comments off

ny stock exchange historic--wikipediaStock Markets are all closed today in honor of the Good Friday Holiday. To our many Christian readers, a blessed Good Friday and Easter Triduum.

(Image credit: (Wikipedia-Historic N.Y. Stock Exchange)

Wildfires Open Door to Flooding and Mudslides—if California does Get Rain

November 23rd, 2015 Comments off

butte_county__fire_dept_Sept_9_2015__butteconty__creditUpdating the story last reported Nov. 4, 2015 that MHProNews has been following concerning the clean-up and rebuild going on in the wake of the Valley and Butte wildfires in California, the new threat to the area, with all the underbrush and vegetation gone, is the possibility of flooding within the Butte Fire footprint. As a result, sand and bags are available to all Calaveras County residents, according to mymotherlode, but you must show proof of residency.

MHProNews knows from wikipedia the fire consumed 70,868 acres. To date, as regards the Butte fire, 100 properties have been cleared of burn debris with over 700 more that need work. Twenty-six debris removal crews are at work. The Federal Emergency Management Agency (FEMA) is bringing in temporary manufactured homes for many of the displaced survivors.

Today, Nov 23, 2015 is the last day to sign up for FEMA assistance, as well as for loans from the Small Business Administration (SBA). ##

(Photo credit: buttecounty–Butte wildfire, Sept. 2015)

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

Trump, Kasich, Shale and Manufactured Housing

November 18th, 2015 1 comment

Utica_shale_development_in_the_Appalachian_Basin_wikipedia__creditIn the fifth edition of its shale economic development chart, Bricker and Eckler report a 51 percent increase in total investments since a year ago in Ohio’s oil and gas-related projects, amounting to nearly $33.7 billion. In information provided to MHProNews by Ohio Manufactured Homes Association (OMHA), there has been $5.7 billion in infrastructure investments since the prior report was published in May, 2015.

The evolution of Ohio’s shale boom has moved beyond the rush to lease oil and gas mineral rights into midstream and downstream phases involving the storage, transportation and processing of oil, natural gas and natural gas liquids,” according to shaleohio.

While the report covers development in some 40 (mostly eastern) Ohio counties, the investment has had a significant effect in Mahoning, Stark, Monroe, Trumbull, Columbiana and Belmont Counties, and includes adding oil-and-gas-related degree, research and law programs at several schools. Many of the projects cover multiple counties.

In addition to new motels and hotels, railway expansion projects, infusion of capital into local banks, drilling and pipeline building and support facilities, increased retail operations, and thousands of new jobs, the region has also seen the acquisition and upgrade of manufactured home communities, in particular by UMH Properties, Inc., as reported by MHProNews in several posts. Modular and MH retailers are also benefiting from the increase in employment and subsequent housing demand in the Marcellus Shale boom in western Pennsylvania and New York, as well as West Virginia. However, the Ohio portion is believed to be richer in oil, condensate and natural gas liquids, according to wikipedia.

The development and subsequent investment has also entered into the banter of the presidential debates, with Donald Trump telling Ohio Gov. John Kasich that he got “lucky” with rising employment because of the oil shale boom. Kasich agreed Ohio has benefited from the shale but that the state has a diversified economy.

To see the Bricker and Eckler list of developments of well over 100 projects that are impacting eastern Ohio, please click here. ##

(Map credit: wikipedia commons–oil and gas development in the Appalachian Basin)

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

Birthday Today: Raymond Loewy, “Father of Industrial Design”

November 5th, 2013 Comments off

A regular feature on Google’s search engine page, Google Doodles celebrates anniversaries, occasions and events.

Today honors the birth in France on Nov. 5, 1893 of Raymond Loewy, designer of everything from automobiles to Coca-Cola vending machines to cigarette packaging to the Greyhound Scenicruiser, as well as logos for Shell, Exxon and TWA, prefabricated homes, farm machinery, spacecraft interiors, and the Coldspot refrigerator for Sears. He designed numerous locomotives for the Pennsylvania Railroad as well as fixtures in the stations. His company built the “Typical American House,” which was displayed at the American National Exhibition in Moscow in 1959 and served as the backdrop for the famous ‘Kitchen Debate’ between then Vice President Richard Nixon and Soviet Premier Nikita Khrushchev, discussing the merits of capitalism versus socialism. This house was the model from which Loewy’s Leisurama series of prefab homes was designed and were sold through Macy’s Department stores in the mid 1960’s. The homes were 730 square feet to 1,200 in size and included all the appliances, furniture and housewares for $13,000 to $17,000. Two hundred of the homes were built in Montauk, New York in 1963 and 1964 and another development was built near Fort Lauderdale in Florida. Called the “Father of Industrial Design,” he died in 1986 at the age of 92. His office still operates in London, as MHProNews has learned from Wikipedia.

(Image/photo credit: Top–Raymond Loewy locomotive design with the wheels spelling ‘Google,’ mirror.co.uk; bottom, Leisurama prefab home in Montauk, NY, Wikipdeia)

Passages: Zig Ziglar

November 29th, 2012 Comments off

American author, salesman, and motivational speaker Hilary Hinton “Zig” Ziglar, who inspired millions, rubbed shoulders with U.S. presidents, and shared multiple stages other luminaries, died Nov. 28 in a Texas hospital of pneumonia at age 86, according to Wikipedia. A salesman for many years following his military service in World War II, he became vice president and training director for the Automotive Performance company in Dallas in 1968, and published the first of many books in 1975, See You at the Top, which had been rejected by 30 publishers. His curiousity about why some succeeded and others did not led to a thriving career as a sought-after motivational speaker, a role he maintained until two years ago. He attributed much of his success to his Christian faith and his wife, Jean. Some may see his words as corny or out-of-date, but according to a remembrance on National Public Radio, many recall a speech that made a huge difference in their lives. A featured writer for MHProNews, while we mourn his loss, fortunately we will continue to publish his wit and words of wisdom. Zig Ziglar: “People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.”

(Photo credit: Wikipedia)

Canadian MHC Owner Reports Gains in Q1

May 9th, 2012 Comments off

Killam Properties Inc. announces in its first quarter 2012 results, net operating income (NOI) for its same store MHC registered 4.7% growth versus the same store apartment building that generated only 1.5% growth. Overall, funds from operations (FFO) rose from 0.145 per share in Q1 2011 to 0.151 per share as of March 31, 2012, an increase of 4.1 percent. Killam increased same store NOI by 2.2 percent, and same store rental revenue growth by 1.9 percent. Total assets for the company increased 2.3 percent to 1,359,982, 2011 to 2012. DigitalJournal tells MHProNews.com Killam Properties is one of Canada’s largest residential developers and landlords of multi-family apartments and manufactured home communities.

(Photo credit: Wikipedia Commons)

PA Legislature Voting on MH Bill

April 30th, 2012 Comments off

A bill up for second consideration today (April 30) by the Pennsylvania House of Representatives, according to the Newtown-Pa.Patch, would require the Department of Community and Economic Development to establish regulations for relocating manufactured homes. SB 1141 (Sen. Charles Mcllhinney, R-Bucks/Montgomery) also defines “manufactured housing.” MHProNews has leaned the third consideration for the measure is set for the following day, Tue. May 1.

(Image credit: Wikipedia Commons)