Issue link: https://read.dmtmag.com/i/60637
Industry Rebound Reaches Six ConsecutiveMonths The Manufactured Housing Association for Regulatory Reform (MHARR) reports that ac- cording to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), the manufactured housing industry rebound evident during the second half of 2011 has continued into the first month of 2012, posting its sixth production in- crease in as many months. Just-released statis- tics show that in January 2012, HUD Code manufacturers produced 3,983 homes, up from the 2,796 HUD Code homes produced in Jan- uary 2011, representing a corresponding-month increase of 42.5%. This upswing, which began in August 2011, has seen corresponding monthly production in- creases amounting to 5.9% in August 2011, 14.1% in September 2011, 40.7% in October 2011, 54% in November 2011, 38% in De- cember 2011 and now 42.5% in January 2012. During this six-month period (August 2011 – January 2012), cumulative industry production has totaled 28,773 homes, up from the 22,172 homes produced during the correspon- ding period one year ago (August 2010 – Janu- ary 2011), representing an increase of 30%. This sustained rebound fromtwo consecutive years of production levels at or near historic lows corresponds with incremental improvement in the broader economy and consumer confidence, as well as increasing demand for HUD Code homes for use as emergency housing and for workers involved in the development of energy resources in the Dakotas and other areas. MHARR has consistently maintained that Got News? after an extended period of economic decline, high unemployment and damaging fallout from the mortgage crisis and subprime debacle, af- fordable manufactured homes, at the outset of an economic recovery, would be positioned to lead the broadermarket as the housing of choice for Americans and could thrive going forward if the good laws enacted by Congress over the past decade – de- Send your company events, promotions, new products, etc. to news@journalmfdhousing.com or call 706-655-2333. 10 YEARS WARRANTY COVERAGE "The Perfect Addition For Your Home Sales" Most Competitive & Comprehensive Program in the Manufactured Home Industry Coverage Available For: Manufactured / Modular / Park Model Homes Up to 10 Years Structure Coverage 7 Years Systems (Heating, A/C, Plumbing & Electrical) 7 Years Appliance Coverage Component Only Coverage Coverage Available for New & Pre-Owned Homes FHA/VA/HUD Coverage Offered Renewable Coverage Available HomeCarePlus A Complete Package Designed for Today's Homes Welcoming Former American Modern Manufacturer's, Lenders, Communities & Dealers E-Mail: diversifiedprofits@comcast.net No. 9 on Get It Quick Page For MoreInformation Contact: Diversified Profits, Inc. (800) 851-3738 Office 651-458-2905 Fax to Your Bottomboard Mending Problems Part #EM 4165T The Economical Solution • 4"x165Woven Polyethylene Bottomboard Material • Specially Coated with Acrylic Adhesive to Allow Bonding with Mobile Home Bottomboard • No "Hard To Handle" Release Paper • Not Affected by Temperature or Humidity MB Products& Sales Products for the Manufactured Housing Industry For Nearest Distributor call 336-210-6759 No. 10 on Get It Quick Page APRIL 2012 15 THE JOURNAL signed to ensure the parity of manufactured homes with other types of housing and end dis- crimination against the industry and its home- buyers based on "perceptions" and not facts -- were fully and properly implemented by regula- tors in Washington, D.C. It would thus appear thatMHARR's persist- ence in the nation's capital, pressing for full parity for manufactured housing and for regula- tors to be held accountable for the proper im- plementation of these laws, is beginning to have some impact, through increased activity in- volving the Government Accountability Office (GAO), the Government National Mortgage Association (GNMA) and especially Congress, where long-overdue oversight regarding all these impediments and their impact on the in- dustry has begun in earnest and should con- tinue. The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.- based national trade association representing the views and interests of producers of federally- regulated manufactured housing. Econo-Mend