A new research report by Marcus & Millichap reflects a three-year trend of rising direct investment into U.S. real estate. Marcus and Millichap (MMI) is involved in the manufactured housing industry, and in other commercial real estate sectors. They are among the firms our evening market report tracks that are connected to manufactured housing, with last night’s closing numbers found at this link here.
In a release to the Daily Business News on MHProNews, MMI provided this video by left-of-center CNBC along with highlights of some of their findings.
- CNBC featured Marcus & Millichap’s President and CEO Hessam Nadji. European Investors Attracted by US Economy. U.S. Commercial Real Estate Offers Compelling Yield and Growth Opportunity to Global Investors.
· Why global capital flows into U.S. CRE have increased
· Variations among markets across the U.S.
· REIT, institutional and private investor trends
First quarter GDP for the U.S. was recently confirmed at a 3.1 percent growth rate. While the U.S. trade and other tussles with nation’s around the world has drawn reams of negative digital ink, it is reports like this by Nadji that reflect the reality that hundreds of billions of dollars has flowed into the U.S. for investment purposes since the 2017 tax cut went into effect. Coupled with regulatory roll-backs, the investment environment has improved for businesses of all sizes.
Something has gone right with the U.S. economy. Perfect? Absolutely not. Better? To the objective mind, the data Nadji and others cite is clear. Of course, the economy has improved. Sure, more can be done, with the right policies and business climate.
Facts, evidence, reason, and history provide a lens for objectivity. When investors and businesses are craving as much certainty as they can obtain, this MMI report directly and obliquely reflects that a good start has been made. What happens next is up to “We, the People.” That’s why discerning what happens on November 3, 2020 – election day – matters.
On May 13, 2019, Nadji did the video below on housing. He makes a statement that may be a mis-phrasing, that ‘people prefer to rent.’ That there are some 111 million renters, per Apartment List, is beyond question. But prefer to rent? Doesn’t other research reflect that most renters, given the opportunity want to be homeowners? So says the National Association of Realtors and other evidence confirms that trade group’s findings. The American dream has never been about renting affordably. It has been about owning, building equity and wealth, and passing it onto the next generation.
That point aside, Nadji makes several apt observations about forces that impacted the housing market in the last year or so. Take a look and listen.
Housing and related is a multiple trillion-dollar market annually. It has often been said that housing and automotive are among the key drivers of the U.S. economy. Yet, manufactured housing is underperforming. That causes objective minds to ask, why?
We’ll pull several thread together in an upcoming report that will once more have that as a bottom line. The opportunity for manufactured housing professionals has perhaps never been better. Study after study by third parties reflect the potential. Research reports by third parties reveal that the quality and value proposition for manufactured housing has been proven for decades.
What’s been largely overlooked in the industry’s trades until reports here and on our sister site began to unravel the evidence and money trails are the role played by what our management and others in the industry believes are clear evidence of market manipulation that artificially suppressed our industry and outcomes. The goal? Arguably for the purposes of consolidation at a discount while eluding regulatory scrutiny. Clayton, 21st Mortgage Corporation, the Manufactured Housing Institute (MHI), and their outside attorney have repeatedly declined comment on these concerns. If there is nothing to hide, why are they hiding? The MHI breakaway NAMHCO and MHARR exist precisely because they had no confidence in MHI, which many believe is dominated by various big boy companies, including those owned by Omaha, Nebraska based Berkshire Hathaway.
That’s today’s second episode of “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com
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