“This year was one for the record books, with manufacturers’ average optimism for 2018 hitting an all-time high,” said NAM President and CEO Jay Timmons, in a release to the Daily Business News on MHProNews.
“Empowered by tax reform and regulatory certainty, manufacturers are keeping our promise to expand our operations, hire new workers and raise wages and benefits. But as this survey also shows, we face challenges, most seriously the workforce crisis. We have more than half a million jobs to fill right now—and by 2028, as many as 2.4 million could go unfilled if we don’t equip more Americans to take on these high-tech, high-paying careers,” Timmons said.
There is a blizzard of emails that hit the MHProNews inbox daily, so frankly, at first this report was initially overlooked. It wasn’t until we saw the White House release on this same topic that we circled back for the toplines of this report.
While NAM represents sentiments of manufacturing in general, it certainly is a useful insight for the producers of manufactured housing. It is also useful for those who are market watchers, investors or those working at other levels in the factory-built housing industry. Why?
Because the broader manufacturing sector is booming. Manufacturers are often somewhat happier about an issue like tariffs, that are rankling investors.
Much of what is imported from nation’s like China are finished goods, produced in a factory. If an improved trade deal emerges from the drama of 2018, that will be welcome news. But if not, it is entirely possible that even more manufacturing will return to the U.S., and that is good for America too.
Two more points, before turning to some toplines from the related White House press release. First, as factory-producers and developers know, there are a growing number of imported units coming into the U.S. Tariffs – if the trade tiff continues – could arguably mean that some will turn to a domestic builder instead of one from China.
Second, all news has to be considered carefully, mainstream or other news. Right or wrong, 92 percent of the news – per third party research – has been negative toward the Trump Administration. It is thus useful to periodically see that vantage point, to balance out the headlines from the left and right that we present each evening during our market recap.
With that intro, let’s look at the latest news and views from the White House.
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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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