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 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 […]
The manufactured housing industry’s first ever continuing education courses were offered at MHISC’s 2018 Fall Meeting at the Charleston Harbor Resort & Marina. The SC Manufactured Housing Board (SCMHB) has issued continuing education (CE) requirements for the industry. The SCMHB is the state board that regulates the industry. MHISC is the business association that represents […]
The MHISC Board of Directors, the Community Managers Committee, the Image and Professionalism Committee, the SC Dealer Roundtable, the SC Modular Steering Committee and the Membership Committee all discussed important issues at the 2018 MHISC Fall Meeting at the Charleston Harbor Resort & Marina. The Board of Directors covered several subjects including government and regulations, […]
The MHISC PAC Fund Raffle was a huge success this year with a rush of last-minute ticket sales right before the winners were drawn. Participants do not have to be present to win and many factory employees enjoy participating. The MHISC PAC Fund is important to our association and helps us fight for important legislation […]
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 […]
MHISC’s Fall Meeting is a great way to catch up with the movers and shakers in our industry. It’s convenient and cost-effective. A day-and-a-half “mini-convention” in the middle of the state with easy access via I-20, I-26 and I-77. We will be at the beautiful Embassy Suites at a great room rate. A lot has […]
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.
SC Industry Insider
The Story Behind the Story
Blog by Mark Dillard
June 25, 2019 Do you know what the SC Modular Steering committee does? The SC Modular Steering Committee plays a key role in the factory-built home industry in SC. These individuals guide MHISC on issues that impact the modular side of the industry and work to strengthen modular sales long-term. For example, at the […]
We completed a first draft of an association action plan for improving the image of our industry and our homes. The board of directors and staff have spent a lot of time on this and are enthusiastic about the idea. We looking forward to finalizing the plan and sharing it with all the members. April […]
The MHISC staff met today to plan for this year’s chapter meetings. There are five chapters, Charleston, Grand Strand, Midlands, Pee Dee, Upstate and Grand Strand. March, June, September and December are MHISC Chapter months. We decided to prepare a brief report giving members the latest developments at the State, federal and local government level. […]