Generally speaking, the more Americans there are working in stable jobs, the more opportunities there are to sell homes – including manufactured homes – to those citizens.
That reality is one reason why publicly traded manufactured housing companies often note economic activity and signals – up or down – in their reports to shareholders.
So, the latest U.S. Department of Agriculture (USDA) statement via a recent press release to MHProNews that over 1.4 million fewer Americans are now on SNAP – the Supplemental Nutrition Assistance Program – this year should be good news for the nation, and for the factory-built home industry.
Almost every state in the nation has improved, lowering the number in SNAP since July of 2016. The changes by state are in the USDA document, linked here.
Since the Trump Administration has taken office, there has been a variety of economic, jobs, wages, and investor signals of a growing U.S. economy. This is but the latest such report.
As the Daily Business News reported just days ago, even after the third quarter hurricanes, GDP in the U.S. grew at the surprising rate of 3 percent. A decline was forecast by some economists, due to the storm related disruptions in so many markets. Which led one investor to say that “certainty” is the most important word for business and investing.
Right-of-center Breitbart notes that the combination of Trump Administration and state-based efforts deserve some measure of credit for the work being done, largely by private businesses increasing their hiring.
Arthur Brooks, president of the American Enterprise Institute (AEI), stated in the video below that conservatives and progressives agree on supporting those in need.
Where they differ, Brooks says, is in how you get people out of poverty.
The video makes the case that income transfers can actually trap people in dependency. Meanwhile, the progressive approach has cost taxpayers some 20 trillion dollars since the War on Poverty began during the Democratic Johnson Administration, states Brooks.
With the federal debt having essentially doubled during the Obama years, and that was on top of the ballooning debt under the George W. Bush Administration, President Trump is attempting to grow the nation’s way out of the economic turmoil the U.S. has been bogged down in for decades.
Understanding the causes and cures for economic malaise are useful in creating an economic environment that will be good for business, including manufactured, modular and prefab housing. ## (News, analysis, commentary.)
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Submitted by Soheyla Kovach to the Daily Business News on MHProNews.com.