MHAM’s Monthly Missive
March 2018 Edition
Welcome to the March 2018 Edition of MHAM’s Monthly Missive where you can find the latest news and events happening in the Manufactured Housing Industry! We hope you are enjoying the last few winter months before the beautiful Maine summer arrives. The month of February was packed full of updates from both Ferderal and State government regarding the Manufactured Housing Industry.
In recent news, the federal budget recently passed by Congress and signed by the President contained at least one pleasant surprise—the $1000 per home tax credit for manufacturers that build ENERGY STAR homes was extended retroactively through 2017. It’s a familiar story that keeps repeating itself: Congress waits until the end of the year to extend the tax credit retroactively, making it impossible for manufacturers to count on the credit before they decide to qualify homes for the ENERGY STAR label. However, keep this in mind: the credit, first passed over a decade ago, has never lapsed. If you need help qualifying homes completed in 2017 for the tax credit, contact Gwynne Koch (GKoch@Research-Alliance.org) with the Systems Building Research Alliance (SBRA) for assistance.
Taking a look back at 2017, the Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production grew during December 2017. Just-released statistics indicate that HUD Code manufacturers produced 7,245 homes in December 2017, a 3.57% increase over the 6,995 HUD Code homes produced during December 2016. Cumulative industry production for 2017 thus totals 92,902 homes, a 14.5% increase over the 81,136 HUD Code homes produced in 2016.
In an article by Urban.org (Manufactured Homes Could Ease Affordable Housing Crisis, So Why Are So Few Made), you can read several of the current concerns being discussed in the Manufactured Housing Industry. The article gives some great information regarding why so few manufactured homes are being built given the current affordable housing crisis. Urban.org does a great job outlining the ongoing issues surrounding affordable housing and how the Manufactured Housing Industry can help!
MHAM NEWS FROM THE EXECUTIVE DIRECTOR
Dick Bradstreet, Executive Director, MHAM