Facts reflect reality. Businesses run on facts, not wishful thinking.
Companies thrive, lose value, or die based upon income, outgo, profits, losses, and their trend lines.
Starting 6 months ago, based upon tips from sources within the Manufactured Housing Institute (MHI), the Daily Business News on MHProNews began raising the alarm that the industry was about to face a downturn.
When MHI was asked about that concern, instead of acknowledging what sources insider their own organization were telling MHProNews, what did MHI officials do? Duck the questions from MHProNews, and then they produced a video that claimed that the industry had ‘momentum.’ Seriously, that was their term, as the collage of stills from that MHI propaganda video below reflects.
he more industry professionals and investors look at this now clearly outrageous set of claims by MHI make it appear that they were deceiving – or attempting to – many of their own members.
In hindsight, given that MHI has or could a good idea weeks before others do of what the shipment trends are, how can their claim be seen as anything other than a bold deception?
With that #NettlesomeThings tee up, let’s look at the Manufactured Housing Association for Regulatory Reform’s latest report, below, and follow it with some related insights and analysis.
HUD Code Manufactured Home Production Decline Continues
Washington, D.C., April 5, 2019 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year HUD Code manufactured home production declined once again in February 2019. Just-released statistics indicate that HUD Code manufacturers produced 7,213 homes in February 2019, down 10.5%, from the 8,065 homes produced in February 2018. Cumulative industry production for 2019 now totals 14,769 homes, an 11.5% decline from the 16,701 HUD Code homes produced over the same period in 2018.
This production decline, which first emerged during the last quarter of 2018, reflects the cumulative impact of chronic problems affecting the industry’s post-production sector, which substantially and discriminatorily limit the market for HUD Code manufactured housing, thereby offsetting, to a significant degree, the inherent affordability advantage that manufactured homes have over other types of housing. Such negative effects – on both consumers of affordable housing and the industry as a whole – underscore the absolute and urgent necessity of effectively addressing such issues within the post-production sector, including, but not limited to, discriminatory zoning and placement restrictions (i.e., increasingly scarce new developments/communities and individual homeowner placement opportunities) and limitations on federal consumer financing support, and underscore the wisdom of the MHARR Board of Directors in targeting these matters for aggressive action.
The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.
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That’s this morning’s report on manufactured home industry “News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)