MANUFACTURED HOUSING ASSOCIATION OF MAINE
NEWS ITEMS - AUGUST, 2014
Nationally, shipments for May, 2014 were up 5.3% over May of 2013 to a level of 5,733 homes. In June of 2014, shipments were at a level of 5,265, an increase of 5.2% over June of 2013. Year to Date, shipments are at a level of 30,675, which is above the number of 29,133 for the same time period in 2013, a 5.3% increase. For the State of Maine, figures for HUD Code and Modular homes for the year thus far are as follows, per the State of Maine Manufactured Housing Board:
|YEAR TO DATE
At the August 6 meeting of the Manufactured Housing Board, it was announced that Jessica
Parlin was selected as the new Manufactured Housing Inspector. Jessica is taking the position
of Ryan Chandler, who was recently chosen as the Board's Senior Manufactured Housing
Inspector, and will start her duties on August 11, 2014.
HR 1779: This bill, the "Preserving Access to Manufactured Housing Act", a bill stat is co-sponsored by over one hundred members of the House, including our Congressman Mike Michaud, was passed by the Financial Services Committee, is awaiting a vote by the entire House. Our industry is hoping it will be passed and eventually enacted so that it will be easier to finance our homes.
MANUFACTURED HOUSING ENERGY STANDARDS: Our industry representatives in Washington D.C. are continuing to monitor this issue. The "Energy Independence and Security Act of 2007" is the impetus for this matter to come to the forefront. One of the main points we are trying to make is that no new costly regulations should be considered without our presence at the table as these deliberations progress. New energy standards might not only affect how our homes are built, but what new criteria may be required of the appliances that go into our homes.
HOME AFFORDABILITY: The National Association of home Builders (NAHB) recently conducted a study on how increasing prices on new homes affects the ability of prospective buyers to qualify for a mortgage. Essentially, nationwide, for every $1,000 increase in the price of a new home, 206,296 people would be priced out of home ownership. For Maine, that figure is estimated to be 679 potential buyers. For the only metropolitan area listed for Maine, the Greater Portland/Biddeford area, the number is 281. What is even more interesting are the figures for manufactured housing. Nationwide, a $1,000 increase in the price of a single section home would disqualify 347,901 households, and with a $1,000 increase in the price of a HUD double-wide home, 315,385 would be disqualified. These figures are based on a potential buyer's ability to qualify for a mortgage. The study was done to highlight not just costs of the homes themselves, but also the direct and indirect regulatory costs that find their way to the total price of a new home. The fact that excessive regulations and their attendant costs actually do price many people out of the American dream of home ownership is something that we wish all those who push for more and costlier regulations would realize and consider when they make their arguments.
PRE-1976 MANUFACTURED HOME REPLACEMENT PROGRAM:
According to MaineHousing, the funding for this program is pretty much exhausted. By the time the program ends, it is estimated that well over sixty new manufactured homes will have been financed through this program. According to most reports, the consumers who benefitted from it were people who would not otherwise have been able to afford a new home. We hope that its success will resonate with those people who may be in a position to once again offer something that will encourage and bolster home ownership via quality products that we can provide. The positive feedback from retailers who participated in the program may well boost the chances of such an endeavor.
Soon we will be selecting a date and place for our 2014 Annual Meeting. Watch your email for the announcement.
MHAM is happy to welcome two of our newest members. Coastal Builders on the Bar Harbor Road in Trenton and the Lakota family, the new owners of Pleasant Acres Estates in Palmyra have recently joined MHAM. When you see any of these people, thank them for teaming up with us.
FOR ANY INFORMATION ANY MEMBERS WOULD LIKE TO SHARE WITH OTHER INDUSTRY
PARTNERS, PLEASE EMAIL DICK BRADSTREET AT "email@example.com".