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Information to keep our members up-to-date.
MHISC MEMBERS
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.
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Continuing Education Debuts at 2018 MHISC Fall Meeting
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 […]
MHISC Committees, Board of Directors Make Key Decisions for Industry
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, […]
Supporting MHISC’s PAC Pays Off for Three Lucky Winners
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 […]
SC Industry Insider
The Story Behind the Story
Blog by Mark Dillard
Two new Hall of Fame members to be inducted.
The Hall of Fame nominating committee met Wednesday and elected two new members. They’ll be recognized at the MHISC Convention July 18 on Hilton Head Island. We’ll announce the 2019 inductees next week. One is a retailer, the other a manufacturer. One is female, one is male. One has red hair, the other has no […]
Search for Local Government Coordinator is Underway
We did our first interview today to fill MHISC’s newly created Local Government Coordinator position. The MHISC Board of Directors voted to create the new position. I think this decision shows a lot of foresight on the part of the board. When sales are down as they were with the 2008 recession/bubble bust, manufactured […]
What’s your MH IQ?
Who can legally install a manufactured home in South Carolina? Hint: there are only four correct answers. ___ 1. SC Residential Builder ___ 2. General Contractor ___ 3. Installer licensed by SC Manufactured Housing Board ___ 4. Contractor licensed by SC Contractors Licensing Board or SC Residential Builders Commission ___ 5. Repairer licensed by SCMHB […]