Volume Buyers

Keeping you informed and updated!

June 2013 HUD-code Home Shipments

The report has been released for June 2013 new manufactured home sales. 5,347 new manufactured homes were shipped in June of 2013 which is up 6.2 percent from June 2012.  Good news all around because increases were up across the board including both single and multi-section home shipments in comparison to June 2012.  The total floors that were shipped were 8,299 which was an increase of 4.7 percent in comparison to June 2012.

The SAAR or seasonally adjusted annual rate of shipments was 55,493 in June 2013.  These numbers are down 9.8 percent from the adjusted rate of 61,536 in May 2013.

The number of plants that are reporting production in June 2013 was 122 and number of active corporations was 46, both unchanged from the prior month.

*The SAAR corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.

August 31, 2013 Posted by | General Information | , , , , , , , , | Leave a comment

H.R. 1779 Update

HR1779 Preserving Access to Manufactured Housing Act was introduced in the House of Representatives by Representatives Stephen Fincher(R-TN), Bernie Thompson (D-MS) and Gary Miller (R-CA) to reduce regulatory burdens that impede access to affordable manufactured housing finance.  The bill would remedy provisions of the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd Frank) that impact the consumer’s ability to obtain the mortgage financing needed to purchase a manufactured home.

Bi-partisan Cosponsors are needed!!!

As of 7/26/13, there are 42 cosponsors, 9 Democrats and 33 Republicans.  The House is in recess for the month of August.  The goal is to get 120 cosponsors by the time they return in September. 

We need relief from regulations coming from the CFPB and effective January 14, 2014 without relief, the regulatory burdens to manufactured home loans will impact all facets of the industry and every homeowner.

 MHI appreciates the dedicated assistance from industry members and the national network of state associations to secure co-sponsors to this important bill. For more information on the legislation, visit the MHI Web site or contact MHI Vice President of Government Affairs Jason Boehlert at jboehlert@mfghome.org or (703) 558-0660.

MHI continues to work with Sens. Sherrod Brown (D-OH) and Pat Toomey (R-PA), who respectfully serve as chairman and ranking members of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection, to introduce companion legislation in the Senate.

Please take the time to contact your U.S. Representative and request they co-sponsor the legislation, Preserving Access to Manufactured Housing Act (H.R. 1779).

August 7, 2013 Posted by | Legislation | , , , , | Leave a comment