“US Housing Starts & Building Permits Plunge In September” is the headline from the financial news and views site ZeroHedge, which in turn credits the following graphics to left-leaning Bloomberg. Among the quoted items in Part I will be a correction made by MHProNews for an apparent typo which in the original appears as “permiots inchjed higher” but should have read as “permits inched higher.” These insights into the conventional building market should be considered through the lens of affordable housing, factory-built housing, and obviously including our focus on HUD Code manufactured homes – that will all be unpacked in our analysis in Part II.
“Tyler Durden’s” is the pen name commonly used in the bylines on ZeroHedge, a reference to the character from the hit movie Fight Club. More on that in Part II.
Part I
US Housing Starts & Building Permits Plunge In September | by Tyler Durden | Oct 18, 2024 – 08:41 AM
…Housing Starts and Building Permits disappointed in September, declining more than expected (-0.5% MoM and -2.9% MoM respectively)…
Under the hood, multi-family permits plunged 10.8% MoM (and multi-family starts dropped for the second straight month). Single-family starts rose 2.7% MoM and permits inches higher by 0.3% MoM…
Rate-cut expectations appear to have taken the excitement out of the building market…
Housing Completions also dropped (but the BLS thinks construction jobs continue to rise non-stop)…
So, The Fed cuts short-term rates… mortgage-rates rise… and builders slow their building plans… that’s not how it’s supposed to work! ##
Part II – Additional Information with More MHProNews Analysis and Commentary
1) MHProNews reported in 2021 that Marketplace pointed out that builders were throttling construction.
2) The keen eyes at ZeroHedge spotted the oddity that construction jobs are supposedly rising while starts and completions are falling? Recall that the FBI quietly revised crime stats upwards after initially claiming that they were down. In the Biden-Harris era, federal and other agencies have at various times made later revisions that undermined prior rosy reports more troubling. Can’t have “We the People” knowing more accurate data about what is occurring if it hurts the favored party during an election year, can you?
Crime is actually 7% HIGHER than what has previously been erroneously reported by Joe Biden’s political apparatchiks.
FBI quietly revised 2022 crime data to show violent offenses rose rather than dropped https://t.co/if5OvE8PIi— Kamala’s verbal crutch (@Opinion8dKellie) October 17, 2024
From today’s GDP revision: inflation was worse than previously estimated – once again, the data being revised worse will not get the press coverage that was given to the preliminary estimate: pic.twitter.com/CFBiCre4dE
— E.J. Antoni, Ph.D. (@RealEJAntoni) February 28, 2024
Study: Inflation Undercounted by Half
My lastest study with EJ Antoni finds Biden-Harris inflation has been undercounted by *half.*
Meaning inflation has been close to 40%.
This suggests we’ve been in recession since at least 2022. pic.twitter.com/kDkrXkhbos
— Peter St Onge, Ph.D. (@profstonge) October 17, 2024
In today’s edition of “no one believes the Fed anymore”…
Sep inflation expectations: 1yr unch at 3.0%, 3yr up at 2.7%, 5yr up at 2.9% – kiss the 2% target goodbye; meanwhile, over 1 in 7 people expect they won’t be able to make their minimum debt payments over next 3 months: pic.twitter.com/tlVA8SxDcB— E.J. Antoni, Ph.D. (@RealEJAntoni) October 16, 2024
3) MHProNews periodically notes that HUD’s own researchers Pamela Blumenthal and Regina Gray have said that the causes and solution to the affordable housing crisis are known. But let’s quote prior HUD Secretary Ben Carson, M.D., from his complete comments found in the report linked here.
“I announced that HUD was in position to usher in a “new era of cooperation and collaboration between our Department [i.e.: HUD] and the manufactured housing industry.” Note that Dr. Carson pointedly said that HUD previously was NOT cooperating and collaborating with manufactured housing. Think about that in connection with the evidence-supported allegations made by Minneapolis Federal Reserve senior researcher James A. “Jim” Schmitz Jr. and his colleagues, who claimed that HUD and the NAHB have been engaged in sabotaging monopoly tactics.
4) Also, per Dr. Carson was this.
Affordable Housing
Our nation’s shortage of affordable housing is ultimately an issue of supply and demand. With millions of people in need, high demand is already guaranteed. That’s why HUD has focused our strategy on increasing supply – namely, by promoting initiatives, programs, techniques, and technologies that produce more affordable homes.
Since the key constraint on supply is the cost of new construction and development, the solution to the problem is to change the cost side of the equation.
Manufactured housing has emerged out of the limestone and stepped into the limelight, to address precisely this need.
5) Dr. Carson clearly thought highly of HUD Code manufactured homes, because he didn’t just say nice thinks while in the presence of a manufactured home friendly audience. He also spoke about manufactured housing favorably in entirely distinctive events. A good example is shown quoted below.
6) But who is it that the Manufactured Housing Institute (MHI) leaders have cozied up to? Democrats that throw manufactured housing a periodic verbal bone while failing to lift a finger to get the Manufactured Housing Improvement Act of 2000 (MHIA) and its so-called “enhanced preemption” provision implemented. Instead of pointing out the problems between HUD and NAHB that Schmitz and Fed researchers have spoken and written about or that Dr. Carson himself alluded to, MHI is busy celebrating their ‘partnership’ with HUD. You simply can’t make this stuff up.
7) But MHI leaders think differently than they may posture or claim. Why didn’t MHI publicly pressing then HUD Secretary Marcia Fudge at the Innovative Housing Showcase (IHS) or other events to implement federal enhanced preemption, which could unless manufactured housing much like statewide ADU preemption in CA and elsewhere has dramatically boosted production?
No, that would be too common sense for MHI leaders to seek and get implemented, right? Instead of taking the straight and direct route, they would rather praise a Democratic housing plan that benefits site builders instead of manufactured housing. Again, you just can’t make this stuff up. The facts, once understood, speak loudly.
8) The latest HUD Code production stats follow.
9) With these facts, evidence, and thoughts in mind, the reports that follow will take on a keen and insightful new meaning. Because MHI staff apparently can’t be bothered to do what NAHB, NAR, the RVIA, or the Manufactured Housing Association for Regulatory Reform (MHARR) does. That would be? Share manufactured housing data with the general public. MHI wants to charge people a membership to get what MHARR offers free to all.
The MHProNews analysis of that data is found in the report linked in #8 above and here. Facts are marvelous things, unless someone is crafting a narrative that seeks to avoid pesky factual realities.
10) For 15 years, MHProNews has sought to inspire industry professionals with facts, evidence, and the sometimes-sobering truth that in this instance needs to agree with notorious MHI member Frank Rolfe, who blamed MHI for the industry’s underperformance. Rolfe also said there is no sincere desire on the part of “special interests” to solve the affordable housing crisis. Did Rolfe start reading MHARR and MHProNews more?
11) Instead of working with MHARR, which MHI did to get the MHIA of 2000 enacted, MHI seems to think it is somehow better to work with conventional housing trade groups. Huh? Aren’t they the natural competitors of HUD Code manufactured housing? Yes, they are. But don’t expect to understand why MHI does what they do unless you have your MHProNews decoder ring. Their logic is simple. They want to foster consolidation.
12) It seems that paltering, posturing, spin, deception and misdirection, doublespeak and doublethink are required notions for any who want to walk in the MHI orbit and pretend to believe them.
13) Peering into the future, Samuel Clemens (a.k.a.: Mark Twain) spotted sources like those linked to MHI and deceptive leftists when he said this.
14) Nowhere else in MHVille trade media and bloggers do you get fact-checks and analysis that pulls back the curtain on third-party claims, other than MHProNews and/or MHLivingNews. Plus, our new series on the Patch is presenting those ideas to Floridians and others across the country and around the world who are doing keyword searches for specific topics we cover there. Our popular series on the Patch dealing with affordable housing, manufactured homes, economic, cultural and political topics are shown linked below. Programming notice: we have yet another third-party research document in hand that will reveal the demonstrated potential for manufactured housing. Watch for it here, because others in MHVille are unlikely to mention, much less report on it. Builders are underperforming, but at least conventional builders – despite far higher costs per square foot – are putting MHI-linked leaders to shame. NAHB has even rubbed MHI’s nose in it, but no one else in MHVille had the cojones (gonads) to say it. Our pre-election Patch series follows the linked report shown below. ###
> Controversy-Manufactured Housing Institute-Lesli Gooch-Mark Bowersox
> 34,758 Votes May Decide ‘24 Election & Dr. George Barna@ACU Research
—
> Other Countries Homeownership Rates vs. U.S. – Fix Affordable Housing
> Visual Capitalist Shows Top 15 Artificial Intelligence-AI-Online Tools
> Burning Bush Cove, Hurricanes Helene and Milton, and Where Is God?
> WND Exclusive-KAMALA’S AMERICA-World Net Daily 88 Page Special Report
> Afghan Released by Biden-Harris Admin Arrested for Terror Attack Plot
—
> Ashville, NC Video and Photos-Untold Thousands Need Prayers & Support
> Fact Check-There is No Truth in Advertising Law Governing Politicians
> Gulf Between Ruling Elites Average Americans is Wide+Deep, per Survey
> Lila Rose Open Letter and Other Pro-Lifers not Planning to Vote Trump
> Daniel McCarthy Explains How Donald Trump can Win the Popular Vote
—
> Why Did Costs-Crime-Conflicts Soar After Trump left the White House?
> Protecting “Government Of By and For the People” in 2024 and Beyond
> Small Businesses tell Congress to Stop Tax Hikes – Wall St vs. Main St
> AI Backed Hit-Analysis on Big Manufactured Housing Industry Operations
—
> The Rigged System-Who Rigged the System and How to Fix a Rigged System
> Gallup Says-‘2024 Election Environment Favorable to GOP’-Election Time
> Confidence Plummets in Sept-Conference Board Consumer Confidence Index
> Fannie Mae-Existing Home Sales Near 30-Year Low Despite Lower Rates
> Knight-‘Govt Exists to Promote and Protect Ordinary Happiness in Life’
—
> Doublespeak Doublethink and Insightful Orwellian Lessons from the Left
> Manufactured Housing Institute & Next Great Affordable Housing Debate?
> American Leviathan-Ned Ryun-CEO of American Majority and Voter Gravity
> Former Famed Tampa Bay Bucs & Colts Coach Tony Dungy to Kamala Harris
> TARK-Drill Down on Tyranny vs. Faith; Freedom and Upcoming Election
—
> Kamala to Oprah-If Somebody Breaks Into My House They’re Getting Shot
> NAR-Existing Home Avg $416700 Aug-2024 Interest Rates Slide-Sales Dip
> Deception & Misdirection-3 Tricks-Paltering, Posturing and Projecting
> Caution! Equity LifeStyle Properties Dweller-Investor-Biz-Legal Alerts
> Herland: ‘Aldous Huxley Interview-Tech, Big Gov, Big Biz=Grave Danger’
—
> U.S. Health-Dr. Marty Makary–‘Broke Medicine’ Blind Spots-Price We Pay
> 12 Examples of Public Calls for Violence Against Trump-More Ryan Routh
> Lessons of Bernie Madoff-Enron-WorldCom-2008 Housing-Financial Crisis
> Gunman Ryan Wesley Routh Insights from CNN-Daily Signal-Patch and X
> What Pastors, Priests, Religious Leaders and People Must Do – or Else
—
> “TANSTAAFL”–What Does It Mean and Why Does It Matter to You and Yours?
> HUD Admits Decades of Delay-Finally OK Multi-Family Manufactured Homes
> ‘Mobile Home Values Rising Faster Than Single-Family’ House-Wow Fact$
> Realtor-What Is a Manufactured Home? The Next Step Beyond Mobile Homes
> The Two Groups that Should See New Movie Reagan (2024) with Trailer
—
> Magyar Szabadság Kör – Cultural-Culinary Experience in Plant City, FL
> Realtor? Journalist? Affordable Manufactured Home Production Jumps
> Orlando RE Agent Smith-Younger Adults Will Need $8500 Monthly for Rent
> Blankley-Goodbye American Dream? Only 10% Polled Can Buy a House; But
> A Brief History of Labor Day and Modern Insights for Employees and Pay
—
> Waiting for Fed Rate Cut Before Buying a Home? Experts Say Think Twice
> Frank Rolfe-Special Interests ‘Don’t Want to Solve Affordable Housing’
> TARK-‘I’m a Teen and Know the Solution to Affordable Housing Crisis’
> Renting? Rent too High? Odds Are DOJ Suit vs RealPage Matters to You
> New-Certified “Half Price Homes” – Affordable Housing Solution Redux
—
> Solution: “Would-Be Homebuyers Need 80% More Income Than 4 Years Ago”
Again, our thanks to free email subscribers and all readers like you, as well as our tipsters/sources, sponsors and God for making and keeping us the runaway number one source for authentic “News through the lens of manufactured homes and factory-built housing” © where “We Provide, You Decide.” © ## (Affordable housing, manufactured homes, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing.
For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.
This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
Related References:
The text/image boxes below are linked to other reports, which can be accessed by clicking on them.’
