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Joint HUD, White House Announcements Aim to Advance the American Dream

December 14th, 2018 No comments

JointHUDWhiteHouseAnnouncemntsAimtoRevitalizeAmericanDreamDailyBusinessNewsMHProNews

Press releases from both the Department of Housing and Urban Development (HUD) and the White House pressroom to the Daily Business News on MHProNews could be summed up with this goal in mind.

 

There is a need to revive, expand, and protect the American Dream for all.

President Donald J. Trump signed a new EO – Executive Order – based upon authority from the 2017 Tax Cut and Jobs Act of 2017. It is meant to foster development of the opportunity zones that MHProNews has previously reported on, for example, in the two articles linked below.

 

Factory-Built Housing Pros, Opportunity Zones Roll-Out Approaches, Insider Look

 

Each article can be accessed by clicking on the linked box, later, for more details.  Because there are already – per reports – some in factory-built housing that are preparing to act on these opportunities.

 

Opportunity Zones Law in Place, Poised to Benefit Some 50,000,000 Americans

 

Given a pending fuller implementation of the Manufactured Housing Improvement Act (MHIA) of 2000 and/or under Affirmatively Furthering Fair Housing (AFFH), these Opportunity Zones could be welcome news for HUD Code manufactured home and other factory- builders.

 

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

 

The creation of more jobs, and less government dependency clearly are good for people, budgets, and those who want to serve the millions who have been trapped in programs and economic conditions that arguably keeps millions poorer.

The HUD press release will be first, followed by a complementary but broader media statement from the White House afterwards.

Please note that by providing these federal releases in toto, it gives industry readers an opportunity to see the take – in this case – from the White House and HUD, unfiltered by other media.  MHProNews tees up the factory-built home industry context, you get to see for yourself what these branches of your government have to say.

 

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

SECRETARY CARSON TO LEAD WHITE HOUSE

OPPORTUNITY AND REVITALIZATION COUNCIL

 

WASHINGTON – Today, President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson.

 

The Council’s 13 Federal member agencies will engage with governments at all levels on ways to more effectively use taxpayer dollars to revitalize low-income communities. The Council will improve revitalization efforts by streamlining, coordinating, and targeting existing Federal programs to Opportunity Zones, economically distressed communities where new investments may be eligible for preferential tax treatment.

 

Additionally, the Council will consider legislative proposals and undertake regulatory reform to remove barriers to revitalization efforts and present the President with options to encourage capital investment in economically distressed communities.

 

“These are still early days for the work of the Council and Opportunity Zones, but the groundwork has been laid,” Secretary Carson said. “The seeds the President has planted are growing and the promise they hold will improve places long forgotten, and the lives of those who call those places home.”

 

President Trump signed the 2017 Tax Cuts and Jobs Act, creating Opportunity Zones to stimulate long-term investments in low-income communities. The program offers capital gains tax relief to those who invest in these distressed areas. This program is anticipated to spur $100 billion in private capital investment in Opportunity Zones. Incentivizing investment in low-income communities fosters economic revitalization, job creation, and promotes sustainable economic growth across the nation, especially in communities HUD serves. Read more about the Opportunity Zones program.

 

Opportunity Zones are a powerful vehicle for bringing economic growth and job creation to the American communities that need it the most.  On average, the median family income in an Opportunity Zone is 37 percent below the state median. To date, 8,761 communities in all 50 States, Washington D.C., and five Territories have been designated as Opportunity Zones. Nearly 35 million Americans live in communities designated as Opportunity Zones.

Currently, there are approximately 380,000 Public Housing units and approximately 340,000 Project-Based Rental Assistance units within Opportunity Zones. Nearly a third of the more than 100,000 rental units preserved through HUD’s Rental Assistance Demonstration (RAD) are located in Opportunity Zones. Read more about the RAD program.

###

1600DailyWhiteHouseOpportunityZonesDailyBusinessNewsMHProNews

Opportunity Zones are a key part of the tax cuts signed into law by President Donald J. Trump last December. Today, they got another huge boost.

“For decades, job growth and investment have been concentrated in a few major metropolitan areas,” the President said after signing an executive order to create the White House Opportunity and Revitalization Council. “Some cities have thrived, while others have suffered chronic economic and social hardship. With Opportunity Zones, we are drawing investment into neglected and underserved communities of America.”

The purpose of Opportunity Zones is to lift up communities that have been neglected by Washington and left behind for far too long. The typical family income in these areas is 37 percent below their state’s median level. The average poverty rate is 32 percent—almost double the national average. Nearly 35 million Americans live in these communities. Now, help is on the way.

Here’s how it works: Tax relief is offered in exchange for long-term investments in the low-income communities that need it most. These poorer areas begin to see more job creation and lasting growth. This private investment fuels human potential in these communities, whereas government spending programs too often extinguish it.

The upshot: All Americans, regardless of zip code, should have access to the American Dream. With Opportunity Zones, we get closer to that reality.

President Trump is lifting up the communities that Washington forgot.

Watch: The President signs today’s executive order

  ——————————-

‘We need to know who is coming in and going out’


Yesterday’s tragic terror attack at a Christmas market in Strasbourg, France, reminds us that national security is nothing without border security.

Secretary of State Mike Pompeo explained the stakes. “This is an enormous challenge. We have this problem in the United States as well,” he said. “Lots of folks that we’re watching, we think are at risk, we try to monitor. But the numbers are so big. It’s why, frankly, border security matters.”

“We need to know who is coming in and out of our country.”

Controlling the border is a matter of public safety—one that includes many threats beyond terrorism. From October 2017 through this July, U.S. Border Patrol seized 6,423 pounds of cocaine, 532 pounds of heroin, 439,531 pounds of marijuana, 10,382 pounds of methamphetamine, and 332 pounds of fentanyl from Border Patrol checkpoints.

It’s time to make a deal. There’s nothing partisan about protecting our borders to encourage legal immigration.

Throwback: When Sen. Chuck Schumer believed in securing our border

Watch: President Trump host Democrat leaders in the Oval Office

For years, Democrats have acknowledged the need for border security—even voting for it in the past. Why won’t they come to the table in 2018?

###

That’s this morning’s “News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” ©

 

## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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2020 Contender Presidential Julian Castro, Obama Era HUD Secretary Announces Exploratory Run

December 13th, 2018 No comments

HUDSecretaryJulianCastroManufacturedHousingIndustryDailyBusinessNewsMHproNews

 

The Associated Press (AP) is reporting that “Former Obama housing chief Julian Castro says he’s taking a step toward a possible White House campaign in 2020 by forming a presidential exploratory committee,” with an announced decision set for Jan. 12, 2019.

 

Castro is said to be the second formally announced Democratic contender, following Maryland Rep. John Delaney.

JulianCastroWikiDailyBusinessNewsMHproNEws

One of the points that makes this candidacy of interest to manufactured housing professionals is that Castro was former President Obama’s Secretary of Housing and Urban Development (HUD).

 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. 

 

The MSNBC video clip below clearly reflects that Castro is taking positions very much in keeping with the leftward tilt of the Democratic party.

 

A video by the HUD Secretary praising manufactured housing is linked below.

 

 

Of course, verbal praise is one thing, but the actual deeds are often another.

Castro may also remind manufactured housing professionals about the painful memory of Pamela Danner’s selection to head up the Office of Manufactured Housing Programs (OMHP).

 

pam-danner-hud-code-manufactured-housing-program-administrator-mhi-2014-summer-meeting-indianapolis-in-alexander-hotel-(c)2014-mhpronews-com-

Pam Danner, JD, HUD Code former Manufactured Housing Program Administrator, credit, MHProNews.

That in turn, should remind industry professionals that the Manufactured Housing Institute (MHI) reportedly turned on their agreement to advance the candidacy of Victor DeRose.  De Rose was the “consensus candidate” formerly agreed to by MHI and the Manufactured Housing Institute (MHI) and the Manufactured Housing Association for Regulatory Reform (MHARR).  But an MHI ‘insider’ advanced Danner – per sources – and while MHI’s President Richard ‘Dick’ Jennison was purportedly “livid,” and “apologetic,” MHI in fact did only fig leaf posturing, while states struggled under the Obama- and Castro-era Danner appointment at OMHP.

It is also a reminder that MHI PAC Chairman, Nathan Smith, is a high profile Democrat, who if history holds, will promote whomever their party nominates. So, supporting someone like former Secretary Castro would arguably be no problem for Smith, and thus likely, for the rest of MHI.

 

Nathan & Mary Lee Chance Smith, Leaders in ‘Anti-Trump Resistance,’ Manufactured Housing Impact?

 

It is one of several #NettlesomeThings about MHI that as 2018 winds down, and 2019 looms ahead, the industry’s professionals must soberly consider.  For a detailed review of issues, see the linked report access in the box immediately below, as well as more insights from the Related Reports, further below. That’s tonight’s “News through the lens of manufactured homes, and factory-built housing.” © where  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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2) To provide a News Tips and/or Commentary, click the link to the left. Please note if your comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports: Click the Boxes Below to Read More...

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

 

Understanding the News as Business, and Manufactured Housing

“Check Your Facts,” “Follow the Money” – Journalist Sharyl Attkisson, Fake News, MHVille Takeaways

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

 

 

 

 

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Legal “Incoming” – Tip on Cavco Industries CVCO, plus Manufactured Housing Industry Connected Stock Updates

December 13th, 2018 No comments

CNNmoney12.13.2018ManufacturedHomeStocksMarketsReportsMHProNewsYesterday, we posted an update on Cavco Industries.  Not long after, we received a news tip from a source with a legal insight on their SEC related woes.  That will be our market update, found further below, this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

  • This new technology can fully charge an electric car in 15 minutes
  • By Ivana Kottasová, CNN Business
  • A group of companies including German firms BMW, Porsche and Siemens say they have developed technology that could help make super-fast charging a reality.
  • Costco: Retail’s overlooked holiday winner
  • GE’s biggest bear offers a glimmer of hope
  • Trump says GM ‘is not going to be treated well’ after layoffs
  • New soybean orders from China aren’t showing up in trade data — yet
  • Nearly half of US finance chiefs fear a 2019 recession
  • Huawei’s CFO is out on bail, but the crisis sparked by her arrest is snowballing
  • ANALYSIS How China could retaliate against US and Canadian companies
  • As a man of color, he couldn’t find a razor he liked. So he created his own
  • Renault says it needs more information on Ghosn allegations
  • Apple is spending $1 billion on a new campus in Austin
  • California proposes a plan to tax text messages
  • How the National Enquirer broke up with President Trump
  • A year-end checklist for your investments
  • Google is wading into India’s huge online shopping market
  • Virgin Galactic’s supersonic plane reaches space
  • China bans sale of most iPhone models
  • How VR is helping flyers and dental patients calm down
  • 5G smartphones are coming in 2019. What does that mean?
  • GoPro moving some production out of China to avoid US tariffs
  • New York Times: Chinese hackers behind massive Marriott breach
  • How toxic ideas about masculinity corrode the workplace
  • The hidden costs of commuting while female
  • What it’s like to be labeled the wrong gender at work
  • What GM’s Mary Barra learned early on: Speak up and stop saying sorry
  • #MeToo identified a disease that infects business. We still have a long way to go

Select Bullets from Fox Business

  • Top picks for 2020, according to Bloomberg’s former campaign manager
  • Apple pouring $11B into new Texas campus
  • Amazon workers look to unionize in face of big HQ2 investment: Report
  • Apple vs. Amazon: A tale of new headquarters
  • GM won’t be treated well after plant closures, Trump warns
  • Workers are ‘ghosting’ employers in booming US labor market: Report
  • Alan Greenspan dishes on the economy, what’s ahead in 2019
  • Stocks waffle as investors rotate into defensive areas
  • GE shares pop, worst may be over
  • Oil drop hits hedge funds and threatens shale producers
  • Alexandria Ocasio-Cortez, Curt Schilling involved in Twitter spat
  • CBS turmoil: Ex-’60 Minutes’ boss could sue over leaked misconduct probe, report says
  • Boy Scouts of America may file for bankruptcy protection amid sex-abuse lawsuits
  • UK’s May is now in limbo, powerless
  • Want a luxury car? These 6 are the best to buy used
  • Buying a winter home? Here are the hottest markets
  • Things that will cost more in 2019
  • Continue to Personal Finance
  • Housing: The new recession-proof investment?
  • Starbucks partners with Uber Eats: Lattes to your door
  • SeaWorld won’t face criminal charges in DOJ’s ‘Blackfish’ probe
  • US whiskey exports rise amid trade fight
  • PG&E discloses new info that could pin them to CA wildfire
  • The US-China ‘trade war’ is really a conflict over technology. Huawei proves it.
  • Dems impeachment desire could backfire: Kennedy
  • How we should prepare to rebuild America’s infrastructure
  • Here are the new tax brackets for 2019
  • Rates typically apply to taxes filed in 2020.
  • 10 online holiday shopping safety tips
  • Holiday debt: Tips to avoid overspending

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance12.13.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue12.13.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

 

CavcoIndustriesLogoCVCOCavcoManufacturedHousingImageLegalIncomingTipCavcoPlusManufacturedHousingIndustryConnectedStocks

Per a news tip from an informed source, “BTW, you [MHProNews] mention lawsuits [in your market report].  I’m routinely monitoring Cavco’s SEC filings.  Within the last few days, they filed amended bylaws which, among other things, make the Delaware state courts the mandatory venue for derivative lawsuits

So, it seems to me that they’re expecting incoming, and are trying to force shareholder plaintiffs into a forum that would be most favorable for them (i.e.: Cavco).

It’s all on the SEC “Edgar” site.”

The “incoming” are a reference to the shareholders plaintiffs, who are part of the report linked below.

MHProNews has no positions in any track stocked.

Tomorrow is the Legacy Housing’s (LEGH) IPO.

 

What Others Say – Legacy Housing Corp (LEGH) IPO Set for 12.14.2018

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

Submit confidential or on-the-record news tips, or comments at this linked email mailto:iReportMHNewsTips@mhmsm.com

Yesterday’s Related Report on Cavco is linked below.

 

Post “Debacle” – Insider Trade @ Cavco Industries – Has CVCO Hit Bottom? Plus, Manufactured Housing Equities Market Updates

Related Report:

It’s Your Profession – Investment of Time, Talent, Treasure – So What’s Next?

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

12.13.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.© ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


#1 Texas Among States with New HUD Code Sales, Experiences Shipment Drop, Facts Reveal Warning Signs

December 13th, 2018 No comments

 

#1TexasExperiencesShipmentDropFactRevealWarningSignsDailyBusinessNewsMHproNews

During a widely acknowledged affordable housing crisis, industry professionals and investors should be asking – how is this possible? The chart below provided by an association member reveals that Texas – #1 among the states in new sales – took a drop in new HUD Code manufactured home shipments in October 2018.

 

Texas could handle it, because they are still reportedly up some 18 percent for the year.

 

2018-12-13_1544MHAO7StateSouthCentralUnitedStatesManufacturedHomeShipmentsManufacturedHousingINdustryDailyBusinessNEwsMHproNews

 

That said, Louisiana – the number 2 state in the U.S. for new HUD Code shipments in recent years – per the Manufactured Housing Association for Regulatory Reform (MHARR) data.

 

MHARROct2018ManufacturedHousingIndustryProductionReportDailyBusinessNewsMHProNews601

 

As the Daily Business News on MHProNews reported earlier this month, using MHI’s own data, the Seasonally Adjusted Annual Rate (SAAR) used to project the year end totals reveal that the industry could end up flat.

 

ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineDailyBusinessNewsMHProNews

 

“Pants on Fire” – Latest New Manufactured Housing Shipment Report

 

So, while MHI reportedly spent 5 figures to make a slick self-promotion video, that pats their own work on the back, what the data reflects are several warning signs.

See a new, in-depth related-report below.

 

It’s Your Profession – Investment of Time, Talent, Treasure – So What’s Next?

 

Note that instead of addressing this vexing #NettlesomeThings issue, they are still purportedly pumping out happy talk to their own members.

 

Balance

To balance out the above, producers tell MHProNews that they still have months of backlogs.  So, this should be taken as presented.  This isn’t a case of the entire industry being in retreat.

But to avoid the trend line – which for two months is down nationally, and has been trending down in several states for longer – there is a need to be pro-active.

Industry readers should be reminded that a number of associations have told MHProNews that they have ‘no real choice’ but to share “MHI news,” because of saber rattling by Tim Williams.  See that insider information in a prior related report below.

 

 

State executives, MHI members and/or staff, some feds, and those with the GSEs are among those who have been providing information to MHProNews.

MHProNews has invited executives at Clayton, and MHI to address these and other industry concerns.  They’ve routinely declined to comment. Why?

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

Submit confidential or on-the-record news tips, or comments at this linked email mailto:iReportMHNewsTips@mhmsm.com

Comments and news tips are welcome at the link above.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if your comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports: Click the Boxes Below to Read More...

“It’s a Terrible Idea,” Comments from Manufactured Home Community Owners, Senior Management, and Investors

Whistleblower! Ex-Clayton Homes Team Member on TV Denounces Manufactured Housing Giant’s Practices

 

Understanding the News as Business, and Manufactured Housing

Reputation Defense – Clayton Customer’s Video Slams “Fake Studs” vs. Clayton Homes’ Image Video -Comparisons

 

 

 

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


“Check Your Facts,” “Follow the Money” – Journalist Sharyl Attkisson, Fake News, MHVille Takeaways

December 13th, 2018 No comments

 

CheckFactsFollowMoneyJournalistSharylAttkissonFakeNewsMHVilleTakeAwaysDailyBusinessNEwsMHProNews

Few themes arise” in mainstream media “organically,” said Attkisson in this TEDx talk video. She relates a story by a propagandist.  “It’s like a movie,” the propagandist explained, giving her chills at that moment. “Nearly every scene or image that crosses our path in our daily life was put there for a reason,” he said, per Attkisson, who is an award winning journalist. Those themes, per the propagandist, are “authored by someone that paid a lot of money to put them there.”

 

She proposes the whole fake news campaign could be aimed to make people doubt one particular side of a narrative, news source, or website.

Attkisson explains that when she connects the dots, she finds it useful to “follow the money.” That’s a theme that Marty Lavin has hammered for years, and that MHProNews has particularly utilized in 2018 and before.

Who was funding the non-profit First Draft and its anti-fake news effort?” the seasoned journalist rhetorically asked.

It was Google.

Google exec Eric Schmidt, a Hillary Clinton supporter and campaign adviser, was behind the First Draft platform, explained the investigative reporter.

Now for those on the progressive side of politics, keep in mind that Attkisson came from CBS News. She strives to be unbiased, independent, in her perspective as a mainstream journalist is supposed to be trained to do. David Brock, Clinton’s surrogate at Media Matters and Clinton were both on the “fake news train.”

I’m not the only one who thinks the whole thing smacked of a roll-out of a propaganda campaign,” the reporter says in her TEDx talk. Glen Greenwald of the Intercept said that those who denounce fake news are often the ones guilty of it.

There’s tons of content like what she says online, but not all of it is from sources as reputable as Attkisson. We found this particular-gem today. She says Donald Trump co-opted the “Fake News” term, he didn’t create it. The ploy, she argues, backfired on the left’s purported proponents.

 

Powerful Interest Trying to Manipulate

Attkisson says she is not trying to litigate who is correct.  Rather, she is saying that “powerful interests are trying to manipulate your opinion.”

As regular, longer time, Daily Business News on MHProNews readers know, we’ve been on this theme that predates this TEDx talk by some time.  We were already following facts, evidence, history, and the money.  We admit that there was some things – that are arguably fake – that we were either blinded to, or distracted from. It was industry voices – people in positions of knowledge – that patiently told us the lay of the land on some issues we didn’t have completely right.

Now, we seek to be patient with those who wonder what’s wrong with the industry that ought to be doing many times better than it is.

 

 

Attkisson gives expert tips.

These go beyond industry divisions, or national politics, by striking at the heart of seeking the truth.

That’s what our industry should be focused on, getting the truth out about our products and services. We’ll paraphrase some of her takeaways, while encouraging you to see and hear what she’s observed and discovered.

  • Is the media trying to shape or censor facts, rather than report them?
  • When it seems that everyone in the media industry is using the same words, the same narratives, even the same phrases, “it might be the result of an organized campaign.”
  • She warns against “media literacy,” an effort to get laws passed to make one side’s version of reality to be taught and accepted in public schools. She says they are developing websites, working with journalists, and universities. This is a red flag, she argues. Attkisson says these are people who want to tell you what to believe.

What you need to remember,” the journalist said, “is that when interests are working this hard to shape your opinions, their true goal might just be to add another layer between you and the truth.”

Question authority. Analyze what a source is saying, including this source that you are reading. If you see an factual error, let us know.  We routinely challenge MHI, Clayton, et al to offer any fact or evidence based corrections.

Crickets. That speaks volumes.

Try to be objective, share that notion with your team mates that don’t already see what you get, and tell them to go where the evidence, money, and logic point.  As a related note, the industry obviously suffers from problematic reporting inside MHVille and aimed at it.  Both of those need to be proactively addressed, see the related reports, further below.

We strive to do the fact-checks day by day for our readers, as we provide “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.”  © See how this TEDx talk fits with prior related reports, further below. ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if your comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports: Click the Boxes Below to Read More...

Understanding the News as Business, and Manufactured Housing

 

Reputation Defense – Clayton Customer’s Video Slams “Fake Studs” vs. Clayton Homes’ Image Video -Comparisons

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“Shadows of Liberty” Movie Introduction, Affordable Housing, and You

 

 

 

 

 

 

 

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Post “Debacle” – Insider Trade @ Cavco Industries – Has CVCO Hit Bottom? Plus, Manufactured Housing Equities Market Updates

December 12th, 2018 No comments

CNNmoney12.12.2018ManufacturedHomeStocksMarketsReportsMHProNewsIt has been about a month since the news rocked Cavco Industries that Joe Stegmayer had stepped down as Chairman and CEO in the wake of a subpoena issued by the SEC. We’ll look at the latest as our featured report, below.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

  • Nearly half of US finance chiefs fear a 2019 recession
  • ‘I begged them for help’: Wells Fargo foreclosure nightmare
  • Procter & Gamble builds a strategy to win African-American consumers
  • Huawei’s CFO is out on bail, but the crisis sparked by her arrest is snowballing
  • ANALYSIS How China could retaliate against US and Canadian companies over Huawei
  • Chinese companies threaten to punish employees caught using Apple products
  • National Enquirer publisher AMI strikes deal with prosecutors in Michael Cohen probe
  • New York Times: Chinese hackers behind massive Marriott breach
  • Virgin Galactic’s Thursday test flight shoots for record heights
  • Rolls Royce is stockpiling parts as Brexit chaos threatens ‘national crisis’
  • Nissan shares evidence against Carlos Ghosn with Renault
  • Tencent Music IPO ends up at bottom of price range
  • ‘Morning Joe’ co-host Mika Brzezinski apologizes for crude remark about Mike Pompeo
  • Amazon Go is going small with tiny, cashier-free stores
  • Dow jumps on new US-China trade hopes
  • When you buy a designer bag off Instagram, an influencer gets paid. Here’s how
  • How toxic ideas about masculinity corrode the workplace
  • Huawei CFO facing extradition to US is released
  • Million-dollar homes and a battle against cancer: What court papers reveal about Meng Wanzhou
  • How the Huawei arrest happened
  • Who Is Meng Wanzhou?
  • Lyft co-founder and president John Zimmer.
  • Lyft’s John Zimmer put it all on the line to catch Uber
  • Forget Bezos. Marc Benioff is having a moment
  • How Uber CEO Dara Khosrowshahi got comfortable with reinvention
  • As problems pile up, Mark Zuckerberg stands his ground in exclusive CNN Business interview

Select Bullets from Fox Business

  • Britain’s May survives no-confidence vote by lawmakers
  • In concession to Trump, China reportedly preparing to open up market
  • Marriott data breach traced to Chinese hackers
  • Dow closes up triple digits as US-China trade tensions ease
  • Ex-MLB star Curt Schilling rips Alexandria Ocasio-Cortez in Twitter spat
  • U-Haul, Dick’s Sport Goods could swoop in on Sears bankruptcy
  • Under Armour plunges as revenue guidance misses expectations
  • Amazon workers look to unionize in face of big HQ2 investment: Report
  • California lawmakers want to tax text messaging next
  • Dave & Buster’s CEO: Skipped chicken wings special for NFL games hurt sales
  • Want a luxury car? These 6 are the best to buy used
  • Do you have enough saved for retirement? Here’s how to tell
  • Married taxpayers may face penalty in these states
  • PG&E discloses new info that could pin them to CA wildfire
  • CEO departures highest since 2008. Here’s a list of the big ones
  • America’s water infrastructure at risk?
  • Paper straw demand up 5,000 percent since plastic ban
  • Female-led films are surpassing male ones at the box office
  • Trump Fed comments ‘bad’ to do publicly: Former Philadelphia Fed president

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance12.12.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue12.12.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

PostDebacleInsiderTradeCavcoIndustriesHasCavcoHitBottomPlusManufacturedHousingEquitiesMarketUpdates

Charlie Lott photo, by MHProNews, collage by MHProNews, Fleetwood model home and Cavco logo are shown under fair use guidelines.

 

The 30-day trend suggests that Cavco Industries (CVCO) may have finally found its bottom.

For newcomers, it is worth noting that Third Avenue bailed on Cavco prior to the announcement, see that linked report, by clicking on the box below.

Hedge Fund’s Cavco Move, and More from Inside MHVille

The initial rush of law firms that specialize in shareholder related legal issues has apparently subsided.

Cavco Shareholder Suits Prepping, CVCO, SEC, Insider Responses to Growing Scandal

Sources inside Cavco are understandably mum since the original rash of statements. What happens with the SEC is of course a top issue.

The insider trade by Charlie Lott from the Fleetwood side of Cavco is a possible warning sign.

CavcoIndustriesInsiderTradesDailyBuisnessNEwsMHProNews

Arguably, some of the drop after the initial bad news shock wore off investors was from broader market moves, such as the plunge of the FAANG stocks.

CavcoManufacturedHousingIndustryDailyBusinessNewsMHproNews

The Daily Business News will continue to monitor and report as relevant items appear.  If the SEC matter is satisfactorily resolved in a manner that avoids serious legal costs and headaches, then the case could be made that Cavco should begin to recover. Time, of course, will tell.

2018-12-12_1808BloombergCavcoIndustriesCAVCOmanufacturedhousingIndustryDailyBusinessNEwsMHproNews

Follow the facts, evidence, money and then make your decisions.

See related reports by clicking the relevant linked box.

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

12.12.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


2019 Manufactured Housing Plant Shows

December 12th, 2018 No comments

ManufacturedHousingPlantShowsPicLegacyHousingPlantShow2019DailyBusinessNewsMHProNews

Every year, numerous manufactured housing producers put on a what they call a “plant show.”

 

A plant show can be thought of as something akin to a mini-trade show that is specific to a single manufactured housing producers brands.  They are often held at or near “the plant,” or factory production center.

Like a trade show, these are costly. They are a significant part of many firm’s marketing budget.  Depending on the company, the cost may or may not be as expensive per unit as going to Louisville or Tunica.  To learn more about those two trade shows, click the box linked below.

 

Louisville and Tunica Manufactured Housing Shows, Controversial Profitable, Problematic Issues Loom

 

Some firms, such as Clayton or Legacy Housing, turn these plant shows into a serious event, with rooms, meals, entertainment, and even educational opportunities for their retailers and/or community clients. An example from earlier in 2018 can be found at the report linked below.

 

Fall Manufactured Housing Show Features Free Education, Fun, Special Financing, & More

 

As the industry looks back at 2018 or prior years, there are certainly some welcome developments, but there are some #NettlesomeThings too.

We use the term nettlesome periodically with good reason. Nettles in nature sting. But properly used, nettles have medicinal qualities.

Former President John F. Kennedy observes that the Chinese symbol for crisis also meant opportunity.  Every crisis or problem, properly understood and used is an opportunity in disguise.

 

WhenWrittenInChineseCrisisComposedTwoCharactersOneDangerOtherOpportunityJohnFKennedyQuoteMHProNews

 

Several other publishers in manufactured housing have little or no first hand knowledge about home selling. That’s one of several points that makes MHProNews different. We have first hand knowledge of retailing at sales centers, and retailing in a land-lease community. We know community operations first hand from a management perspective. We’ve worked with several producers of manufactured homes, and numerous lenders and other suppliers over the years too.

MHProNews also knows how to put on educational events that attract retailers and communities. Why? Because we understand their vantage-points.

Part of a recent emailed comment to MHProNews – by someone who understands and is sympathetic to the perspective of a lot manager – wrote the following. “John or Mary LotManager is usually very busy in meeting conditions for lenders, scheduling deliveries, handling customer complaints about shoddy construction, etc.  They do not have the time, the resources, or the energy at the end of the day to combat the weathermen of this world, code-encroaching state officials, less-than-accurate national reporters who cast our homes in a bad light, etc.  That should be the role of the ‘support team’ if you will…” 

That’s an insightful snapshot that producers, lenders and others who aren’t in retail often know, because their field reps see those activities. For more quotes from the source above, see the linked box, below.

 

“Lots of Sizzle,” Clayton Sales Performance, Other MHI & Clayton Homes News Tips

 

There are several things that factory builders should consider as 2019 approaches.

1)    You want to earn more business from your current good accounts.

2)    You want to create more good accounts.

3)    No one wants the headache accounts, but there are ways to make them less nettlesome.

4)    There are profitable synergies possible between LifeStyle Factory Homes, LLC and factories willing to commit to a durable relationship with the industry’s best known trade media.

It is a matter of public record that Legacy Housing’s IPO says they have the biggest backlog in their company’s history. Not every builder can honestly say the same today, as recent shipment reports reflect.

We have the secret sauce for more retail sales growth, which is the fuel for wholesale sales growth. Contact L. A. ‘Tony’ Kovach at tony@mhmsm.com or 863-213-4090 to learn more about how to have the most successful plant shows – and set the stage for the most profitable years ahead. That’s MH “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © © ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if your comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports: Click the Boxes Below to Read More...

Louisville and Tunica Manufactured Housing Shows, Controversial Profitable, Problematic Issues Loom

2019LouisvilleManufacturedHomeShowTunicaManufacturedHousingShowLogoCostlyProfitableControversiesLooming600an315

 

Winter 2018-2019 in Manufactured Housing Land

 

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Rep Jeb Hensarling Applauds Appointment of Dr. Mark Calabria to Head FHFA

December 12th, 2018 No comments

 

RepHenserlingMarkACalabriaCATONextFHFADirectorManufacturedHousingIndustryDailyBusinessNewsMHProNews

The drama of the changing of the guard at the Federal Housing Finance Agency (FHFA) that oversees the Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac has been duly tracked by the Daily Business News on MHProNews.

 

 

One of those barn-burners around allegations of sex and sleaze is found at the link below.

 

Mel Watt – FHFA and MH Connected Hearing Today to Feature Sexual Misconduct Allegations

 

For those who listened to the Manufactured Housing Institute (MHI) call outgoing FHFA director Mel Watt a ‘champion’ for the industry, the 10-year delay of getting meaningful Duty to Serve for manufactured housing should be the latest reminder of why MHI’s word arguably ought to raise an immediate question mark.

The move to bring Dr. Mark Calabria should be closely watched, because it could signal possible changes over the horizon on the GSEs, including – but not limited to – the Duty to Serve (DTS) manufactured homes.

MarkACalabriaCATOInstituteDailyBusinessNewsMHProNews

A press release today from House Financial Services Committee Chairman Jeb Hensarling is below.  A related report, on DTS is found further below.

HouseFinancialServicesCommitteeFHFADailyBusinessNewsMHProNews

 

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today praising the nomination of Dr. Mark Calabria to serve as Director of the Federal Housing Finance Agency (FHFA).

“The American $10 trillion mortgage market is the envy of the world, and to keep us on top we need an FHFA Director who is dedicated to capitalism and economic growth.  Dr. Calabria is that man.  He knows what it takes to re-energize our housing industry and to promote responsible growth that rewards investors and attracts foreign dollars into our economy. At a moment in time when the future of housing finance policy in our country will be permanently shaped by the next FHFA Director, I can think of no better or more responsible person for the role than Dr. Calabria and applaud President Trump for his outstanding pick.”

###

See the related reports for more details on the prior and more recent developments on this issue.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if your comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports: Click the Boxes Below to Read More...

“Waste, Fraud, and Abuse” – FHFA, GSE Federal Oversight Announcement

Warren Buffett, Charlie Munger, Fannie Mae, Freddie Mac, Berkshire Hathaway Backstory

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

 

 

 

 

 

 

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


“Lots of Sizzle,” Clayton Sales Performance, Other MHI & Clayton Homes News Tips

December 12th, 2018 No comments

 LotsofSizzleClaytonHomesLogoSalesPerformancemanufcturedhousinginstituteLogoMHILogoMHProNewsTips

These are #NettlesomeThings. A Clayton retailer sent a long message as part of a confidential news tip, that included the following. The Daily Business News on MHProNews has added our customary bold/brown to reflect a direct quote, but the rest are emphasis and typos are in the sender’s original message. Links were added by MHProNews as well.

 

We as an industry are still WAY below where all rationale says we should be, IF ONLY NORMAL MARKET FORCES WERE AT WORK HERE.  I have long felt that to NOT be the case, as you are also verifying through your investigative reporting. 

LONG before we ever heard of any “moat” per se, but you know that I have consistently said over this last decade that SOME in our industry focus on an entirely different goal every morning:  “What can I do today to make my competition go away?” – per said source.

The RV industry has to be commended in their PR and image-building efforts as an industry,” the message continued, adding “During the worst economic downturn (recession/depression/cluster-F/whatever you want to call it) that you and I have lived through, they were able to actually grow their industry, all the while with 6-figure price tags!  Outstanding work, both on the sales centers AND in the public forum.  We have all seen the ‘Go R-V’ing’ ads.  Did they have to do that?  No, they could have taken the cheap route, but OH MY the results their tactics gave them!  In my mind, that fully vindicates and reaffirms my belief that our industry needs a vibrant, on-going public relations / image program!”

Again, note that the spacing, grammar, and typos, etc. are in the original.  The comments may or may not reflect the views of this publication. The illustrations are added by MHProNews, as is the subheading below, to help clarify the various points that writer made.

 

BlackWhiteRVvsMHShipmentsYTDJune2018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

This is provided by MHProNews, and was not part of the comments from the sender. These graphics are provided to illustrate the various sender(s) point, here and other comments from other sources below.  NOTE the above was YTD June, 2018, but the patterns has largely held.

 WinnebagoRVWholesaleshipmentDataManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Retail Lot Managers

You [MHProNews] and I agree that the sales happen on the lots.  But John or Mary LotManager is usually very busy in meeting conditions for lenders, scheduling deliveries, handling customer complaints about shoddy construction, etc.  They do not have the time, the resources, or the energy at the end of the day to combat the weathermen of this world, code-encroaching state officials, less-than-accurate national reporters who cast our homes in a bad light, etc.  That should be the role of the ‘support team’ if you will, like the state associations on the small scale.  That’s why the RV industry took their future by the reins years ago.”

The sender made reference to MHIdea, which was first conceived of as an alternative to the Manufactured Housing Institute (MHI) for independent retailers.

That person said that a decade ago, “independent retailers numbered over a thousand [locations].  Today, we hear talk of 400 or fewer. Hind sight is always clearer.”  Readers should note that these figures were supplied by the writer, and should be understood as estimates, not to be construed as a precise number.

If you want to use any of this text, do so ‘off the record.’  Just as Frank learned (my best SWAG), RETALIATION does exist in this scenario.  After all, that’s just another way of widening the moat.”

The writer did not say who “Frank” was, but may have been referencing Frank Rolfe, who was once outspoken on MHI’s hypocrisy and failures to defend or promote the industry, but who has since gone silent on MHI controversy related issues.  “Swag” has many possible meanings, and some of them in this context are quiet humorous. The video is an example Rolfe politely blasting MHI at a state association-sponsored event.

 

 

The subject line for the sender’s message read: “Subject: MHI Year in Review.” That’s the name of the video MHI produced which aims to defend their record, and promote themselves. 

The lengthy message sender opened with these words,

 

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

There are a growing number of industry voices that believe that BH/CMH and MHI have by various action/inaction has kept manufactured home sales at historically low levels. Evidence? See Related Reports and videos, linked below, which quotes and cites BH, MHI, CMH, 21st Mortgage Corp, and other sources.

ManufacturedHousingInstitutelogoMHILogoMHIVideoStillsMillionsofViewsDailyBusinessNewsMHProNews

 

Well, well, well….

Guess somebody is feeling some heat.  GOOD JOB, TONY!  Keep the burners on full.”

Here “Tony” must mean our publisher, L.A. ‘Tony’ Kovach. Like scores of other messages supporting the spotlight and “heat” cast by reports and analysis here on Buffett, Berkshire, Clayton, MHI, or their key allies and players, like Nathan Smith.

Commenting on the MHI video, “This is a lot of sizzle, but the steak’s still kinda tough.”  That’s what inspired part of the headline and the featured image at the top of this article.

The writing was so colorful, the Daily Business News on MHProNews decided to quote extensively from it, “My first reaction when I saw the opening frames [of the MHI video] was WTF?????  OBVIOUS to me at least that this was made for folks who DON”T know the real details behind the story.  In a depressed industry, with competition slowly being choked out of existence, they come out like we’re back in 1999!  What a joke. 

Especially funny to me was their [MHI] mention of being ‘financially strong’…..I would think so.  Daddy Warren has mucho $$$.”

ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineDailyBusinessNewsMHProNews

The data from MHI, RV operations, and others broadly underscore the points shared by the message sender.

 

The writer suggested that the non-big three builders should provide a level of support to a new initiative to break free of Buffett led-Berkshire/Clayton/21st, et al, and MHI. 

Do you think the remaining non-Big 3 mfgrs would be open to funding such an initiative now?  If each could do so by ‘hiring’ 2 minimum wage workers to their expense, just sending those $$ to the support team,” the message said.

There was more, but publishing it would tend to reveal the source of the

lengthy message. MHProNews again reminds readers who are trying to stay off the radar of a big brother organization or company to consider avoid using their firm’s email address. At some point, sender’s may find organizations scanning team members email, looking for the sources of various comments.  That said, to date no one who has wanted to remain anonymous has indicated they have been discovered.  If sending from a non-organizational email address, MHProNews requires confirmation on a sources authenticity, etc.

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

 

 

The Clayton Tipster’s Calculus  

The figure suggested by the writer of the comments shared above suggested works out as follows. The equivalent of 2 minimum wage workers to boost industry growth works out to be some $30,160 annually.  That’s not insignificant, and if 25 firms signed onto that it would yield $754,000.  Its a small fraction of what MHI operates on, but as MHARR has proved, it is doable.

For new readers, the Manufactured Housing Association for Regulatory Reform (MHARR) provides lobbying and advocacy for independent producers of HUD Code manufactured homes.  From MHARR’s base in Washington, D.C., as a matter of policy, they stay focused on production and some financing related issues, like the Duty to Serve (DTS) Manufactured Housing.  But MHARR doesn’t do the kind of post-production advocacy that the sender is calling on the industry to do.

Bottom line, $750k – used wisely on targeted issues – could make a difference.  What’s obvious is that MHI, spending far more per MHI budget records, and their own claims shown above, has accomplished effectively nada.

 

What Tim Williams Asked

Our publisher, award-winning industry services provider, and consultant, L.A. ‘Tony’ Kovach was asked by then MHI Chairman Tim Williams what he thought was a reasonable budget for a pro-growth alliance to operate successfully?

Tony replied to Williams’ unexpected query with a figure of $1.6 million dollars annually. That’s still less than half of what MHI records reflect MHI gets in dues and fees. That $1.6M kind of budget – Tony explained to Williams and his Berkshire Hathaway industry member guests – would allow for an attorney, media engagement, local zoning advocacy, and other features included in the mantra PEP. Protect, Educate, and Promote.

In hindsight or looking ahead – cooperating with MHARR and NFIB as needed – such a manufactured housing independents alliance could certainly accomplish more than MHI for the industry’s independents.

Dubbed the MHAlliance was a move promoted in writing and in deed by John Bostick, President and CEO of Sunshine Homes. Sunshine’s former sales manager praised on video the growth achieved by the company using a a combination of localized marketing, videos, and training.

The data reflects that Sunshine’s sales growth far outpaced that of the industry at large, and blew away the growth rate of Clayton.

 

 

But the next insights from another Clayton-connected source was actually to point to data from Legacy Housing’s recent IR presentation, found by clicking the box linked below.

 

What Others Say – Legacy Housing Corp (LEGH) IPO Set for 12.14.2018

 

Here is the graphic we used in a report yesterday, again noting that MHProNews is providing the commentary, etc, with illustrations.

 

2018-12-11_1155TalkMarketsDailyBusinessNewsMHProNewsTopProducersHUDCodeManufacturedHomes

As noted above, this illustration was NOT sent by those providing the respective tips and comments, but is provided by MHProNews to underscore points those sources have made.

 

That source claims that the typical Clayton sales center has about 4 retail sales people per store (+/-). The source noted that about 2/3 of manufactured housing production, per MHI, goes to land-lease communities.

Using MHI’s data from the chart above, that yields about Clayton 29,327 going to retail centers. Note that figure would likely be high, due to FEMA orders, but we’ll follow that tipsters logic for a few moments.

Subtracting out roughly the number of shipments to independents and communities who sell Clayton products, that source said that the typical Clayton sales professional only sells about ‘15 new manufactured homes annualized over the course of a year.’

15 new homes a year?

When the Daily Business News asked why “annualized,” the source claimed that the turn over in Clayton’s retail sales is significant. So a sales person that starts the year often doesn’t finish the year. Thus data per professional ought to be annualized.

While the numbers are rough – and we hereby welcome clarification of the claimed figures from Clayton Homes – it certainly fits the overall data, and thus is plausible. It thereby suggests a number of fascinating points.

Buffett has said that Clayton is “best in class.” In the sense of total production, that is true. But in terms of individual performance, there are arguably individuals, local and regional firms that out-perform the Clayton “averages.”

If so, it’s a vexing commentary on Clayton’s retail performance.

Another source from the Clayton organization recently said to the Daily Business News on MHProNews that the sales leader in his region may hit 30 homes for the year. Through November, per that source, the deliveries and funded deals for the top people in that region were in the upper 20s. Again, Clayton is invited to clarify any errors.

If so, the average sales person isn’t selling nearly enough to make the kind of 6 figure income Clayton reportedly tells their sales recruits is possible selling new homes. Does that add to their turnover?

 

 

Reality Checks and What’s the Motivation?

Another item from a Clayton retail caller was the claim of a high cancellation rate of approved deals that never deliver or close.

These points raise several issues that must be unpacked. But one of them is a recurring theme with Clayton, namely, that when specific items are scrutinized, their performance isn’t as hot as the “sizzle” of their image. 

For example, the much ballyhooed new class of homes – if it is as successful as the cancelled Clayton iHouse and iHouse 2 – the program could be a disappointing outcome for all involved.

A common question Tony likes to ask those who message or call is, what’s your motivation in sharing your point?

Some have said words to the effect that the industry’s professionals and businesses – individually and collectively – can do far better. That is apparent in the lengthy message from the top of this report. Consider the related report, in the box further below.

While MHProNews leadership’s vision is somewhat different than the first writer’s message, that person did make reference to a point from the MHIdea report from a couple of weeks ago. Namely, that if the industry’s members keep doing the same things, they will keep getting the same results.

Whatever the performance of individual sales people, the point about stretched thin sales and general managers is arguably valid. The industry’s owners can address it, but it will take an investment in their operation.

But as one company who is growing their retail base has noted, from $500,000 to $2 million is invested in a new home sales center, inventory, etc. what’s another 30K on that, if it significantly increases the results?

As 2018 winds down, and 2019 approaches, these data points and claims are important ones to ponder. What will you and your team do to improve outcomes in 2019 and beyond? See the related reports, further below. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if your comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports: Click the Boxes Below to Read More...

 

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

Louisville and Tunica Manufactured Housing Shows, Controversial Profitable, Problematic Issues Loom

 

 

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Who REALLY Runs America? MHVille Timely Reminder, Columbia Law Prof Philip Hamburger Video

December 11th, 2018 No comments

WhoReallyRunsAmericaByColumbiaLawProfessorPhilipHamburgerVideoDailyBusinessNewsMHProNews

The genius of America is that it was set up as a representative government, but increasingly, Americans are ruled over by leaders who are unelected, and very powerful,” says Prager U. “Columbia Law Professor Philip Hamburger unmasks the people who are really ruling our lives.”

 

As with other curated Prager U videos previously shown on the Daily Business News on MHProNews, this one makes a point that many manufactured housing industry professionals may know experientially, but some often miss the troubling reality intellectually.

What happens after a law is passed?  Or what about laws that were never passed, but you or your business finds itself confronted with something that is behaving as a law would?

 

 

Think about two examples.

  • The Duty to Serve Manufactured Housing, passed by Congress in 2008 under the Housing and Economic Recovery Act (HERA), or
  • the Manufactured Housing Improvement Act of 2000, and enhanced preemption.

On paper, the industry has ‘two great laws,’ as the linked report in the box below reveals.  You can access that report by clicking on the hotlink within the box.

 

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

While one might nuance this topic by saying that there are obviously others pulling the strings. So this video shouldn’t be understood as the only ones that ‘run America.’ But the challenge of the reality of how government in the U.S. operates – along with some suggested fixes – by Columbia Law Professor Philip Hamburger, makes it good viewing and a worthwhile share with your team and colleagues.“We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

NOTICE: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if your comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports: Click the Boxes Below to Read More...

Understanding the News as Business, and Manufactured Housing

What’s Necessary for Creating More Wealth?

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com