Information to keep our members up to date.
SC Industry Insider:
The Story Behind the Story
Blog by Mark Dillard
– January 15, 2021 –
A friend of mine has been having headaches and blurry vision. He went to see an optimist.
Who told my friend, “Don’t worry, you’ll be fine!”
I’ve rolled that joke out at least a dozen times and never gotten the slightest laugh. Maybe it’s a timing thing.
Even the biggest pessimist will have to agree that the manufactured home industry in South Carolina is in an upturn. Shipments have increased every year in the Palmetto State from 2011 through the end of the decade.
The statistical reports usually come in a couple of months later, but 2020 shipments through November have already exceed the annual total for 2019. That’s 4374 shipments for the first 11 months of 2020 compared to annual 2019 shipments of 4079.
What the industry in SC is seeing is solid, steady growth. Most years it’s been around 10 percent or so.
Of course sales today are nothing like past eras including most of the 1990s. But that was a different era, back when lenders bought loose and verification was casual. A lot of people who bought houses had no business buying a house. They just weren’t qualified. Many of those homes were repossessed and put back on the market dirt cheap.
A few years down the road it was over. The glut of repossessed homes had not only suppressed new home sales, but had a big impact on appraisals. Appraisers said that those homes had to be used in calculating the value of all homes, including new ones. Many customers couldn’t get their home appraised at the retail value and couldn’t get a loan. Lenders had trouble reselling their loans on the secondary market. It was a mess.
The same thing happened to a large degree in the site-built home industry, a major factor in the 2008 crash in housing prices.
The upturn we’ve seen throughout the past decade and continuing in 2021 is a different animal. Quality loans and steady sustainable growth, supported by low interest rates. This is a good time to be in the manufactured home business.
Older Blog Posts
The Manufactured Housing Institute of South Carolina is an active player at the Statehouse. The association works for legislation to benefit member companies, our customers, and the cause of affordable housing in our state. Among the highlights of the legislative session which ended in May was legislation and regulations to: Encourage and made it possible for families to buy a highly-efficient Energy Star home.
Register today for the 2019 MHISC Convention.
The MHISC 2018 Fall Meeting included key decisions, distinguished awards, very important seminars and a lot of fun! Members enjoyed networking, catching up with old friends, and learning new information at the Charleston Harbor Resort & Marina. Take a look at some cool moments from the event! MHISC’s 2019 Convention will be held at the Omni […]
The rain cleared up just enough for a great time on the green on the last day of the 2018 MHISC Fall Meeting. The association raised money for the Political Action Committee with a golf tournament on the water at the beautiful Patriots Point Golf Club. The MHISC PAC Fund is important to our association […]
MHISC Fall Meeting Report Industry leaders convene in Columbia for state meeting MHISC members from across the state and the Southeast gathered November 5 and 6 for the association’s fall meeting. Association Chair Joanne Polston presided over the meeting. Ronnie and Kaesi Boyce served as hosts for the awards presentation. Best in the Business The […]
MHISC now has two Facebook pages One page exclusively for members has insider info for industry professionals. The other features great facts about factory-built homes members can use in their own social media. The association recommends that members follow both pages because they each have a different benefit. MHISC Members is a closed group […]
SC Industry Insider
The Story Behind the Story
Blog by Mark Dillard
December 26 2019 MHISC’s staff has been working on some interesting projects in recent weeks. Members will see the results as the new year gets under way. We’re adding photo galleries to our websites, mhisc.com and SCModularHome.com. There will five galleries each with lots of photographs: modular homes, single-section homes, multi-section, all-types of factory-built homes […]
November 20, 2019 It’s an eye opener. Have you looked at MHISC’s Facebook page for consumers? (We now have two FB pages: Manufactured Housing Institute of South Carolina for potential homebuyers and MHISC Members which is a closed page for, you guessed it, MHISC Members.) We posted a photo of a nicely landscaped home with […]
Chances are your MHISC member magazine arrived in the mail this week. You can read about: * The new director for the state licensing board * Communities’ responsibilities to disabled residents * New building code for modular homes * Five new faces in the industry and 13 new member companies * Lots of convention photos. * Appealing licensing board decisions