Archive

Author Archive

Celebrating Manufactured Housing’s 43rd Birthday, Born June 15, 1976

June 15th, 2019 No comments

 

CelebratingManufacturedHousings43rdBirthdayDailyBusinessNewsMHProNews

To stem the tide of fake news, several things are useful or necessary. As the article linked here quoted, “facts are stubborn things.”

 

 

Part of the solution to fake news is authentic, factual, evidence-based reports and analysis. When over half the country lists ‘fake news’ as one of the most important problems facing America, that is both crisis as well as an opportunity in disguise.

The phrase “enquiring minds want to know” long predates a tabloid that turned that into a tag line. Whatever their intent, the phrase is a compelling and true statement. 

From the first day since we launched this professional site which is now called MHProNews, it has had a simple goal in mind. To help fuel the manufactured housing industry with the insights and resources needed to reach the industry’s true, sustainable, and honorable potential. We believed from the start in mutual victories. Good businesses benefit the home seeking public. Buyer and seller alike ought to benefit from every transaction. Win-win-win must successfully overcome the sources of the win-lose mentality. 

There will be a series of special reports here on MHProNews and on our sister site, MHLivingNews this weekend and the days ahead. Stay tuned.

Until then, let’s celebrate the 43rd anniversary of HUD Code manufactured homes by recommitting ourselves as professionals to earning an honest profit. Earn as much profit as you honestly and ethically can or want. But separate yourself from black hat operations that earn profits in devious, illegal, or demonstrably underhanded ways.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.

 

The vast majority of the home seeking public doesn’t worry about our HUD Code manufactured home industry’s politics.  In order to understand why the industry is underperforming, one must carefully consider what the public thinks or sees, not just what professionals think, say, or do. 

Public perception isn’t the only hang-up, as the related reports below the byline and notices makes clear. 

Facts are stubborn things. But leaders grasp nettles. Nettles sting when not handled correctly, but also have medicinal qualities when properly used. You don’t cure a problem by ignore its root causes.

The good news of manufactured housing can break through the noise. How is that accomplished?  In part by using real news, clear analysis, common-sense and evidence-based commentary that must clearly debunk and/or replace fake news.

 

Manufactured Housing Professionals, HUD Secretary Ben Carson, Must Promote These Two Words

 

 That can begin with the two words hinted at in the headline in the post above. But that article doesn’t just hint at those two words, it makes the case with brevity and clarity. For more, see the related reports, below.

 There’s always more at MHProNews, as the related reports will reveal.  Happy 43rd birthday to HUD Code manufactured housing, our home owners, and professionals.  Note that the first link in the related reports is to an industry veteran who has lived through the trailer house, mobile home, manufactured home evolution.  It is about 8 minutes of must-viewing for anyone who truly wants to understand this industry.

That’s this 43rd Anniversary Celebration Saturday edition of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: 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 do.

(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 pro-vide a News Tips and/or Commentary, click the link to the left. Please note if 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:

You can click on the image/text boxes to learn more about that topic.

HUDSecretaryBenCarsonSpeechManufacturedHomesManufacturedHousingActiveIngredientMedicationStrongerAmericaMHLivingNews

https://www.manufacturedhomelivingnews.com/hud-secretary-ben-carson-speech-on-manufactured-homes-manufactured-housingactive-ingredientmedicationfor-a-stronger-america/

AffordableHousingNeededCorpCorruptionManufacturedHomesTimeGetFederalOfficialsFullyInvolvedMHLivingNews

https://www.manufacturedhomelivingnews.com/affordable-housing-needed-corporate-corruption-and-manufactured-homes-time-to-get-federal-officials-fully-involved/

WeAsNationCanSolveAffordableHousingCrisisSaysHUDSecretaryBenCarsonSpotlightingManufacturedHomesOtherEmergingTechnologiesMHLivingNews

https://www.manufacturedhomelivingnews.com/we-as-a-nation-can-solve-the-affordable-housing-crisis-says-secretary-ben-carson-spotlighting-manufactured-homes-other-emerging-housing-technologies/

 

It’s Your Money, Your Future – 2020 Democratic Presidential Debate Line Up, Plus Manufactured Home Stock Updates

June 14th, 2019 No comments

CNNmone6.14.2019ManufacturedHomeStocksMarketsReportsMHProNewsWhatever your political viewpoint – left, right, center, or meh – the upcoming 2020 presidential, congressional, and state races will have a serious impact on your business and investments.  So it pays to be in the know. Tonight’s spotlight report will follow our left-right headline review. On a day when many stocks rose, that will be our featured report.

 

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 below, after 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.

LeftRightMediaDivideInfGraphicSharylAttkissonMHProNews

CNN Business

  • Unintended consequences
  • Houses line the street in the Crenshaw neighborhood of Los Angeles.
  • Opportunity Zones were developed to help the poor. But trendy areas are benefiting
  • WEALTH COACH Can average investors take advantage of Opportunity Zones?
  • Quicken Loans settles with Federal Housing Authority in fraudulent lending case
  • Stocks are pointing lower. Global growth worries return. Here’s what’s happening in markets today
  • Chewy raises $1 billion in IPO
  • Women across Switzerland are on strike to protest the gender pay gap
  • NASA will need billions for moon landing, administrator says
  • What it takes to be a $200,000-a-year nanny
  • US oil imports from OPEC plunge to 30-year lows. China’s are surging
  • EXCLUSIVE With political scrutiny mounting, Google goes on job creation tour
  • Sundar Pichai warns against pushing to regulate big tech simply ‘for the sake of regulating’
  • Why tech may need to slow down
  • On-demand workers are protesting — using the apps they work for
  • EXCLUSIVE It’s time for businesses to start saving the oceans, argue Marc Benioff and Marco Lambertini
  • Broadcom was stung by US Huawei ban, dragging chipmaking industry down
  • Fake videos are a threat to the 2020 US election. This could stop them
  • Why it’s getting harder to spot a deepfake video
  • Will Facebook remove a fake video of its own CEO?
  • The US government is racing to fight deepfake
  • What is a deepfake, explained
  • Toyota cars will now turn themselves off if you forget
  • Gas prices could fall below $2 a gallon for many Americans
  • The US oil boom is making history
  • America’s CFOs are bracing for a recession
  • This is why America’s travel business is worried

Fox Business

  • Midwest corn farmer on planting season: ‘Disaster like I’ve never seen before’
  • US stocks trade lower on weak Chinese data, chip shares
  • PetSmart’s Chewy shares soar during its market debut
  • Amazon’s online market share may be smaller than previously thought
  • Cities where most residents have credit card debt of $10,000 and higher: report
  • Warren Buffett breaks million-dollar tradition at Tron CEO’s request
  • Raptors architect Masai Ujiri to be offered $10M, ownership stake to run Wizards: Report
  • Trump administration expands pre-tax accounts for health insurance coverage
  • Don’t run out of money in retirement: 4 tips to protect savings
  • Trump’s pounding of Federal Reserve to continue he says
  • King Arthur Flour recalls more than 14,000 cases of flour over possible E. coli contamination
  • The Beatles’ first contract with Brian Epstein could fetch 6-figure bid at auction
  • AOC, Bernie Sanders skewer Amazon Prime’s new credit card: We ‘intend to outlaw it’
  • LIQS puts a high-end twist to your typical cocktail shot
  • Mike Huckabee: Sarah Sanders running for Arkansas governor ‘could happen’
  • Biden vs AOC: VP’s 2020 run pits him against Democratic progressives
  • These are the least affordable housing markets in the US, study says
  • Will Kamala Harris prosecute President Trump?
  • Biden blasts Amazon for tax strategies that Obama supported
  • Like oil and gas dominance, America can win rare earth production
  • Trump defends remarks about taking foreign government intel on rivals
  • Sanders’ socialism vs. Biden’s nostalgia
  • How this Eagle Scout earned 138 badges
  • Tesla will be purchased: Scott Galloway
  • Biden blasts Amazon for tax strategies that Obama supported
  • Amazon’s ‘zero tax liability’ is a feature, not a bug of the tax code.
  • Outlook for retail in America

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

9MarketIndicatorsYahooFinance6.14.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

FirstDemocraticDebateNight1WedJune262019DailyBusinessNewsMHProNews

Still from video, below.

Did you watch right-of-center Fox News’ town hall with former HUD Secretary Julian Castro last night?  We did.

 

The video report from left-of-center MSNBC provides the lineups for each night of the first 2020 Democratic debates as announced. Steve Kornacki breaks down what to watch for each evening.

As a reminder to readers, the plan here on campaign coverage for 2020 looks like this. We will cover Democrats, Republican, and any independents – such as Howard Schultz, or a stronger minor party – in the run up for the next several months, amidst other industry reports.

FirstDemocraticDebateNight2ThuJune272019DailyBusinessNewsMHProNews

Still from video, above.

We know that several 2020 candidates have already taken aim at manufactured housing industry issues.

Indeed, if you ponder former GOP presidential hopeful, and now HUD Secretary Ben Carson, plus others in Congress, there have been strong signals sent from both sides of the political aisle that manufactured housing could be a campaign topic.

We plan to lay the groundwork and cover it.

As we get into the early primary states, at some point we will underscore those candidates that we believe will be the best for the industry in our ‘We Provide, You Decide’ © fashion.

Then, once the candidates are finalized, we’ll ponder formal endorsements.

It’s your money. If you thought 2016 was a wild ride, our sources tell us to expect 2020 to make it look tame. So stay tuned.

Related Reports:

Manufactured Home Communities’ Dodd-Frank Moment Looms, Senator Elizabeth Warren Takes Aim at Several Manufactured Housing Institute Community Members

 

HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

Positive Congressional Reactions – Innovative Housing Showcase, HUD, MHEC, MHI, and Other Insights

Senate Democrats – Including 2020 Presidential Contenders – Ask CFPB Protect Consumers Against Predatory Lenders — Point Finger at Clayton Homes, Berkshire Hathaway Lending

Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

 

YahooManufacturedHousingIndustryConnectedStocks6.14.2019DailyBusinessNewsMHProNews

Updated:

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.

RE Focused Economist Says, ‘Millions of Housing Units’ Needed

June 14th, 2019 No comments

 

REFocusedEconomistsaysMillionsofHousingUnitsNeededManufacuredHousingIndustryMHProNews

Mark Fleming, Ph.D serves as the chief economist for First American Financial Corporation.  He’s been popping up more on various business news shows, so the Daily Business News on MHProNews decided to share the flavor of Fleming’s economic and housing insights.

 

It ought to be one of those rally points for manufactured housing professionals who are thirsting for growth.

About Fleming, “Before joining First American, he developed insights and analytical products for CoreLogic, and property valuation models at Fannie Mae. Fleming graduated from the University of Maryland with a Master of Science and a doctorate in agricultural and resource economics and holds a Bachelor of Arts in economics from Swarthmore College. He lives and works in the Washington, D.C. area,” per his company’s website.

As the posted videos reflect, he’s telling business news sources on both sides of the left-right media divide that ‘millions of housing units’ are needed.

 

 

In that, he says some points that longer time-readers of MHProNews are familiar with.  The National Association of Realtor’s Chief Economist Lawrence Yun has said similarly.

 

 

More recently, HUD Secretary Carson has pointed specifically to manufactured homes, along with other forms of prefab and innovative housing techniques.

 

 

So, while Fleming hasn’t been laser focused on manufactured housing, the industry’s professionals and investors must think of themselves as broader ‘housing’ members.  In that context, the needs are tremendous.

Only factory building can achieve that, is what tech gurus – who are increasingly entering the factory-built housing market – have decided.

Why does Warren Buffett and Charlie Munger love housing? Because they know which way the market is going.

In this context, one must ask. How is it possible, with the needs so great, that manufactured housing is still selling at a lower level than 15 years ago?

 

BloombergShipmentProductionDataManufacturedHousingMHProNews2019-05-16_1057

 

Logic says there are only a few possibilities.

·        The industry’s ‘big boy’ leaders don’t know what they are doing. While we disagree with them on many things, we don’t buy that option, but it is a logic possibility.

·        The industry’s ‘big boy’ leaders and their puppet association are lazy, and are not willing to do what it takes.  Again, it’s a possibility, but not one that we think fits the facts.

·        The industry’s leaders want the industry to perform at a low level, intentionally. If so, why? A common concern is that underperformance allows big companies to acquire smaller firms at a discounted price.

 

Is there evidence for this?

One might start with the words of Richard ‘Dick’ Jennison, Manufactured Housing Institute (MHI) own statement on camera, arguing for slow growth. 

 

 

What? During an affordable housing crisis?

It was such an outrageous comment that our publisher brought it to the attention of then MHI Chairman, Tim Williams, who is also the President and CEO of 21st Mortgage Corp. Williams told MHProNews that he would ‘talk to Dick.’

The following Louisville Show, Jennison then said – also capture on video – that the industry could achieve 500,000 new homes. That’s arguably true. But what has MHI done to achieve that level of production?

 

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

 

NAMHCO, cited in a report earlier today, broke from MHI, precisely because of a lack of performance.

 

MHCommunitiesOfAZNealTHaneyPresidentWhyTheyQuitManufacturedHousingInstituteMHIDailyBusinessNewsMHProNews600

What Haney’s statement reflects is the lack of credibility and effectiveness of MHI in their claims.

 

Frank and Dave,” controversial in their own right, nevertheless told their readers 2 weeks ago not to look to MHI for support for community owners, using these words.

 

 

In peeling back the layers of the onion in manufactured housing, in hindsight, the insight of Marty Lavin makes sense when he said the following.

 

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

Ask yourself objectively. Do these Marty Lavin dictums apply with respect to MHI?

 

More pointed was Lavin – who is an MHI award winner – when he made the following statement.

 

SoTheAssociationMHIIsNotThereFortheIndustryUnlesstheinterestsoftheBigBoysJointheIndustry'sMartyLavinMHIAwardWinnerQuoteMHProNews

MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

 

MHI has purportedly engaged in what Mark Weiss, the President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) who referred to the industry’s post-production sector – which is MHI’s turf – as the “illusion of motion.”

 

“THE ILLUSION OF MOTION VERSUS REAL-WORLD CHALLENGES” – Spotlighted by Manufactured Home Industry Leader

 

That comment sent our publisher laughing at the apt, penetrating insight.  Keep MHI members busy, keep them going to meetings that are profit centers for MHI, per their own IRS Form 990s.  Feed them ‘housing alerts’ that led them to believe that they are making progress…

…but the acid test is the sales, shipment and production of new manufactured homes.  Those numbers don’t lie.

 

ManufacturedHousingAssocRegulatoryReformMHARRApril2019ProductionShipmentReportDailyBUsinessNewsMHproNews

 

Inept? Lazy? Or head fake with the goal of consolidating the industry into ever fewer hands?

 

 

Let’s not forget the 21st letter, Kevin Clayton video, and Warren Buffett letter, linked below.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

It makes the most logical case. Clayton, 21st, MHI, and MHI’s outside attorney – asked to address these concerns and allegations – routinely makes no on the record comment. 

Instead, they’ve put George F. (F?) Allen up as their purportedly incentivized attack dog and distraction surrogate.

When asked about claims from his own followers that have said Allen’s being compensated and rewarded by the big boys, Allen has no comment.

Millions of housing units are needed. Publicly traded MHI member companies own IR packets state that the industry is underperforming by historic standards.

Voices in Congress, per our sources, are wising up to the Omaha-Knoxville-Arlington ploy.

Voices in Congress, are already on the record going after high profile MHI members, including Clayton, 21st, and several large so-called ‘predatory’ community operators.

It’s not a pretty picture as to why the industry is underperforming. But the historical data – and the research by economists like Dr. Mark Fleming and others say that millions of homes are needed.

Tim Williams said it to MHProNews, and we’ve repeated it many times, because it was the truth – that they’ve arguably not followed. Every misleading report needs to be robustly responded to, as he said below.

 

TimWilliams21stMortgageCorpGoodArgumentsQuoteRespondEveryStoryDailyBusinessNewsMHproNews

 

MHI needs to push for enhanced preemption, a full implementation of the Duty to Serve mandated by law, and put the black hat behavior actors on notice.

Sources say, MHI can’t do it.  They’d lose Clayton and several big boy members, per those sources if they ever did such a thing.

Thus the need to expose the problem and the realities. Then the need for multiple layers of independent investigations, as publicly as possible.

There’s more in the links below.

 

SubmitNewsTipsCommentsLettersToEditorMHProNews

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 or Comments or Letter to Editor in the subject line.

 

That’s today’s third episode of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: 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 do.

(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 pro-vide a News Tips and/or Commentary, click the link to the left. Please note if 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:

You can click on the image/text boxes to learn more about that topic.

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

 

 

 

 

 

 

 

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

June 14th, 2019 No comments

 

NAMHCOlogoMonopolisticManufacturedHousingInstituteLogoMHARRlogoGeorgeFAllenPawnNAMHCOMHIMHARRWeighInOnControversialBillGeorgeAllenPawnGambitMHProNews

Stung by recent critiques and fact checks of MHI [Manufactured Housing Institute] before, during, and after the recent Innovative Housing Showcase – for which they have no good response – MHI had to try to change the narrative.”

 

A source with long, ongoing ties to MHI said the above in response to MHProNews inquiries about the Arlington, VA based trade group’s release to MHI members and followers that is published herein further below.

You only have to look at the timing of the MHI statement and look at George’s [Allen] follow up to his readers to know that Dick [Richard ‘Dick’ Jennison, MHI President and CEO] coordinated with his compensated pawn. From the perspective of MHI and the [MHI] Executive Committee, Allen is seen as a useful surrogate – a tool that they think they can’t lose with.”

Why? How so?

Allen, per, that source, helps MHI continue to continue their manufactured home industry consolidation campaign with Allen’s help as a masking cover. Allen can be sacrificed like a pawn at any time. But unlike an actual game of chess, MHI can replace Allen any time they want to, once his usefulness to them is done. “The perfect example of that is Suzanne Felber,” of whom that source said that MHI “…tried to use [her as a surrogate in attacks] against MHProNews, but it proved ineffective, so they simply moved on to others like Allen.”

It should be noted that Felber, who is also “compensated,” is still used by MHI for minor event-related tasks.

MHI’s Executive Committee, senior leadership, and outside law firm hired to deal with MHProNews were contacted in response to questions about their statement on 6.13.1.2019 to MHI’s members and followers. Cincinnati based Graydon, MHI’s outside law firm that has an office in MHI board member Nathan Smith’s home town of Fort Mitchell, KY, confirmed receipt of the inquiries.

But they have not yet made any formal response.

No official response was made by MHI.

Here is the MHI statement to their readers, which was described by one source as “their latest head-fake,” for purpotedly factual reasons that will be noted afterward. MHI’s statement – with all of their legal threats and warnings not to share this with publicly – follows below. Let’s note that MHProNews does not at this time support this bill as it stands. Nor should publishing this be construed in any way as an endorsement of MHI, for reasons long-time readers understand. As a stating the obvious disclaimer to longtime readers, MHI and their ‘big boy backers’ used to be a sponsor of this site, until questions from this pro-growth trade media apparently became to difficult for them to respond to. Our track record reflects that banner ads or sponsorship doesn’t change our editorial stance, which perhaps explains why we are the most read trade media in the industry by far.

 

— start of MHI release —

HOUSING ALERT

June 13, 2019

MHI Protects Industry and Manufactured Housing Land-Lease Communities from Attack

MHI was able to successfully combat efforts to have anti-industry language included in a bill that would require the U.S. Department of Housing and Urban Development (HUD) to issue guidelines for localities to consider manufactured housing in their use of federal funds. Nestled within a broader proposal to gain support of localities for manufactured housing, the original language would have actually sought to establish congressional intent that certain manufactured homes and land-lease communities are harmful for consumers.

The original version included language that disparaged the energy efficiency of HUD Code manufactured homes and also criticized all manufactured housing land-lease communities that are not resident-owned. Thanks to MHI’s efforts, the bill that was ultimately introduced on Wednesday, S. 1804, did not include any of the negative language. Instead, the language supports the inclusion of manufactured housing in jurisdictions across America.

MHI was the only association representing the industry to identify the threat and fight for removal of the language prior to Senate introduction. Other associations that claim to represent the industry actually supported the provisions that disparaged manufactured housing. In contrast, MHI worked to have that language removed so that the bill only promotes the industry’s goal of having localities support more manufactured housing in their jurisdictions.

This anti-industry attack was timed during last week’s MHI Homes on the Hill Legislative Fly-In, when policymakers were seeing first-hand the quality and beauty of manufactured housing. MHI appreciates our champions in Congress who worked with us to remove the negative language and ensure the final legislation that was introduced on Wednesday genuinely helps promote manufactured housing. The bill now makes the following positive points about manufactured housing:

(1) Manufactured housing is a significant source of unsubsidized affordable housing in the United States.

(2) Nearly 22,000,000 people in the United States live in manufactured housing, which opens the door to homeownership for families who, in many housing markets, cannot afford to buy a site-built home.

(3) Manufactured housing is the only form of housing regulated by a Federal building code, which includes standards for health, safety, energy efficiency, and durability, and is found on land owned by the homeowner and land leased by the homeowner in communities owned and operated by private entities, nonprofit organizations, or resident owned communities.

(4) Manufactured homes can open the door to homeownership for millions of families; they can appreciate in value and be an effective long-term affordable housing solution for some families and communities across the United States.

If passed, HUD will issue guidelines to states and localities relating to the appropriate inclusion of residential manufactured homes in their comprehensive housing affordability strategies and community development plans, called the Consolidated Plans. HUD requires these Consolidated Plans, which are designed to help states and local jurisdictions assess their affordable housing and community development needs and market conditions, as a part of applications for funding under any of the Community Planning and Development formula grant programs, including the Community Development Block Grant Program, HOME Investment Partnerships Program, and Housing Trust Fund.

S. 1804 was sponsored by Senator Cortez Masto (D-NV) and cosponsored by Senators Scott (R-SC), Smith (D-MN), Young (R-IN) and Cramer (R-ND).

MHI will continue our consistent and constructive presence on Capitol Hill and cultivation of strong bipartisan relationships to ensure that manufactured housing is a part of federal efforts to address the nation’s affordable housing challenges.

 

— End of the body of MHI’s release —

 

 

MHI’s Factual Misses

It should be noted that MHI, for all of their posturing above, did not mentioned that the House and Senate versions of the bill are not identical. Thus, their own claim of fixing the language of the bill is not accurate.

The House version has one or more factual errors, which also arguably undercuts MHI’s posturing, above. For proof, see both versions of the bill, linked below.

Questions were sent to the “MHI compensated surrogate, George Allen,” who has not formally denied nor confirmed that he is “rewarded” – per sources that claim knowledge – for being MHI’s “pawnand “attack dog.”

One source noted with humor the prior reference on MHProNews of Allen as the roaring, but cowardly lion – which helped suggest the featured image at top, with Allen’s head on the pawn.

But more than one Allen follower copied in messages had things to say to the Daily Business News on MHProNews.

For example, the National Association of Manufactured Housing Community Owners (NAMHCO) provided a detailed on-the-record statements last night to MHProNews, which will follow below.

That source said they understood why MHProNews did articles that included mentions and or does fact-checks of Allen, but the new trade group official saw no value in commenting on “George” at all.

Another source with NAMHCO previously said that Allen’s usefulness to them was mainly for recruiting new members into their association who distrust MHI.  There is apparent ongoing communications.

Another source reminded MHProNews of NAMHCO’s prior statement about MHI [shown below], and said that Allen’s missives and flip-flops were too “self-contradictory” for him to have “any credibility.” Further, the public scandals and purported controversies attached to Allen are known by too many to give him use behind his own die hard followers. Ouch.

 

MHCommunitiesOfAZNealTHaneyPresidentWhyTheyQuitManufacturedHousingInstituteMHIDailyBusinessNewsMHProNews600

What Haney’s statement reflects are the apparent track record of a lack of credibility and effectiveness of MHI in their claims. 

 

The NAMHCO source who spoke to MHProNews yesterday likewise saw no value in commenting about MHI or their motivations.

That said, it was noteworthy, per that caller, that HUD officials took a “narrow view” of “enhanced preemption” even though the evidence provided by MHARR reflected a much broader power. That source said that MHARR was correct in pressing the matter. Rephrased, at least one party at NAMHCO sees enhanced preemption as MHARR and MHProNews do. For those readers not yet aware of that issue, see the related report, linked from the text-image box below.

 

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

 

Here is the formal NAMHCO statement to MHProNews.

We are pleased with the introduction of S.1804, the “HUD Manufactured Housing Modernization Act of 2019.”  Beyond the findings sections, this bill actually does something quite important.  It requires HUD to issues guidelines to include manufactured housing to states and localities as they develop their comprehensive plans to address affordable housing.  This means, manufactured housing could be considered in state and local grant applications for Community Planning and Development grants, HOME investment grants, and the Housing Trust Fund.   This bill puts manufactured home communities at the table at both the federal and the state and local level, and presents and opportunity for state and local agencies to support and strengthen the affordable homeownership that communities provide.”

Additionally, I also attached the House version of the Bill, H.R. 926 introduced by Norma Torres, which NAMHCO did not endorse.”

The post-production, manufactured home community focused trade group also provided the text of the NAMHCO release on the issue, which is found linked here as a download.

 

 

The View from MHARR

MHARR had no formal comments about the matter.  But a source with the Washington, D.C. based trade group noted that Allen was misguiding his readers because they collect no dues from post-production companies.

Indeed, that fits with their routine statement that MHARR is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.

It was purported and ongoing failures of MHI to address financing, placement, and zoning issues – among others – that has motivated MHARR and their members – who produce HUD Code manufactured homes – to go beyond their core mission.  In that respect, the trade group is arguably doing more than those who are paid by the post-production sector.

A MHARR source also observed that MHI’s statement – cited above – was not accurate, as they spoke in person with more than one party in Congress connected with the pending bill.

To that point, the questions put to MHI and their outside law firm – which were sent by MHProNews prior to hearing from a contact with MHARR – are worth noting.

 

RequestForCommentEmailtoManufacturedHousingInstituteMHI2019-06-14_0619DailyBusinessNewsMHProNews600

 

Ladies and Gentlemen,

No doubt you’ve also seen the email from your purported surrogate, George F. Allen that followed this email from MHI.

MHProNews would like to see:

1) the original language of the bill,

2) evidence that others in the industry failed to address the matter.

3) the revised language.

4) all communications relative to this bill.

Perhaps more to the point, instead of this legislation, how do you explain MHI’s failure promote enhanced preemption?  What evidence can you provide that you’ve asked HUD to fully enforce enhanced preemption?

We are on deadline.  While you are welcome to respond now, or later, we’d prefer your on-the-record reply via email asap, so it can be included in our planned report.

Thank you.

Tony

LATonyKovachMHProNews2019-06-14_0741

 

 

 

 

What Third Party Legislation Monitoring GovTrack Says

GovTrack, pointing to Skopos Labs research, is giving the MHI supported bill a 3 percent chance of becoming law.

 

HR926GovTrackSkoposLabsHUDManufacturedHousingModernizationAct2019DailyBusinessNewsMHProNews

 

That was similar to the odds GovTrack gave for the MHI backed Preserving Access to Manufactured Housing Act at various times.

Preserving Access never passed. To learn more about that, see the deeper dive, linked below.

 

Rope-a-Dope – Preserving Access to Manufactured Housing Act, Mom, Dad, & You

 

Given low odds of passage, this new controversial MHI supported bill – whatever its merits may or may not be – appears to be a moot point.

But that doesn’t mean that the language of the bill in its current – MHI supported – form is without risks. The controversy exists precisely because the bill, per sources, has several possible land-mines. Even without passage, the bill may cause harm to the industry.

 

 

Starting with the Title, Reasons Why MHProNews Says Bill is Flawed As Is

First, it should be realized that the Senate version of this bill is supported by Prosperity Now and MHI.  Put differently, that means that Buffett’s fingerprints are on it from two sources. That’s the first red flag, IMHO,” said publisher, consultant, and multiple award-winning L. A. ‘Tony’ Kovach.

Next, whoever the geniuses at Prosperity Now and/or MHI were that gave this bill its name, that too is arguably flawed. Think about the title: “HUD Manufactured Housing Modernization Act of 2019’’. For those who will never read beyond the title, that implies that manufactured homes need to be ‘modernized.’ It’s poor marketing, and factually inaccurate,” said industry expert Kovach.

How is it that MHI keeps taking positions that undermine the industry’s image? Or why do they back steps that seem to derail or reroute access to more capital, financing, and placement of the industry?” Kovach asked. “Why doesn’t MHI just back a full throated use of Enhanced Preemption? Or the GSE’s Duty to Serve all new HUD Code manufactured home sales, not only those new class of homes that Clayton Homes and MHI wants to sell?”

Beyond the fact that MHI is using this as a purported dodge over their recent misses, he pointed in that last comment to the problematic use of a phrase that is looked at in more depth, below.

DuckDodgeDismissDistractDetractDefameFromIssueTacticsByThoseWithNoGoodAnswersMHProNews-768x609

 

Problematic New Class of Homes Angle?

What NAMHCO and Allen have apparently missed is a problem with MHI’s language – quoted above, and recapped below – that could be a reference to the Clayton Homes/MHI backed ‘new class of homes.’ New readers are reminded that MHProNews often takes a direct quote and makes the text bold and brown so it ‘pops,’ but otherwise leaves the quoted statement unaltered.

Quoting from MHI’s email: “If passed, HUD will issue guidelines to states and localities relating to the appropriate inclusion of residential manufactured homes in their comprehensive housing affordability strategies and community development plans,” with the underscoring editorially added.

Sources tell MHProNews that “residential manufactured homes” is not language used in federal legislation already in effect on HUD Code manufactured housing. It may be a possible end-around way of promoting ONLY the Clayton/MHI backed ‘new class’ of homes, or one more ‘Trojan Horse.’

As MHI themselves admit, “If” the bill is passed, which is low odds, per GovTrack. Which brings industry professionals and advocates back to the issue of the lack of consistent enforcement of “enhanced preemption,” which MHI seems unwilling to support, per prior reporting that MHI has not challenged.

 

Manufactured Housing Professionals, HUD Secretary Ben Carson, Must Promote These Two Words

 

Thus, posturing by MHI and their surrogate Allen on this issue yesterday, and repeated red-herring style head-fakes by both ought to be seen for what it is.

Meanwhile the industry:

  • is now into 8 consecutive months of year-over-year declines in new home shipments during an affordable housing crisis.
  • MHI continues to put up fig leaf videos and statements, which get very little visibility beyond industry members, which are their apparent target audience. How does that help increase industry shipments?  Isn’t it the public that needs persuasion?
  • Despite MHI saying they invite questions – “If you have any questions, please contact MHI’s Government Affairs Department” – they continue to exercise their Fifth Amendment protected right to remain silent when asked by MHProNews, even though they routinely replied promptly until questions by MHProNews apparently became to difficult for them to navigate.  That fits the pattern of Rick Robinson, SVP and General Counsel, and MHI’s Richard ‘Dick’ Jennison, ducking questions in public for 2 years when asked by MHProNews. 

 

Downturn Harming Independents, Would-Be Consumers 

Independent manufactured home industry members have been telling MHProNews that they are personally impacted by the downturn in new HUD Code manufactured home sales, which only makes sense based upon the statistics.

Meanwhile, MHI, while claiming “clout,” uses that for photo opportunities – or even nice videos – but demonstrably continues to miss at what matters most to businesses, investors, and professionals.  Namely, the bottom line of more sales.

One of the most insightful phrases this year in describing MHI is theIllusion of Motion,” said Kovach. “Their controversial bill is arguably an example of how MHI is running around the block to do what full implementation of Enhanced Preemption and better lending demanded by DTS would achieve.  If they had clout, what this bill claims to do could be done by administrative fiat. It’s almost pointless.”

If they really care about growth instead of consolidation, MHI, NAMHCO, and others should join MHARR and MHProNews in calling for full enforcement of the industry’s good, existing lawsWe consistently pushed for enforcing existing laws before, while we were MHI members, and since. Everything else is a dodge, distraction, and delay that is costing our industry billions of dollars collectively every year.”

He added, “Its a disgrace that MHI and Allen aren’t robustly promoting enhanced preemption and the good news that Secretary Ben Carson has made available, instead of this latest head fakeThey are arguably deceptive cowards, unwilling to face in public and debate the issues that are costing this industry billions, and are leaving millions who could benefit from manufactured homes with a false perception — shame on their disgraceful behavior.”

See the related reports, below the byline and notices for more.

RememberThisQuoteIrPrettyPicturesMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews

The quote above is about a year old, and is standing the test of time. 

 

That’s today’s second installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: 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 do.

(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 pro-vide a News Tips and/or Commentary, click the link to the left. Please note if 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:

You can click on the image/text boxes to learn more about that topic.

Positive Congressional Reactions – Innovative Housing Showcase, HUD, MHEC, MHI, and Other Insights

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

“Monopoly” in Manufactured Housing Alleged by George Allen, MHI Defender’s Turn by former Community-Investor, Self-Claimed EducateMHC Blogger

Conquest Capitalism – Thoughts of Chairman Warren Buffett – Billionaires Campaign to Control Trillion Dollar Affordable Housing Market

 

George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

 

 

 

 

 

“Together, We Are Building a Safe, Strong, and Proud America,” Happy Birthday, President Donald. J. Trump

June 14th, 2019 No comments

TogetherWeAreBuildingSafeStrongProudAmericaHappy73BirthdayPresidentDonaldJTrump

The 45th President of the United States (POTUS), Donald J. Trump deserves his own F35 White House flyover as part of his birthday celebration.

 

It was a creative step in many ways, to let allies and potential allies know the value of working with the U.S. It also sent a clear message to the nation’s adversaries, not unlike dropping a massive bomb – the MOAB, Mother of All Bombs – on Afghanistan during a dinner with Chinese President Xi Jinping.  Subtle.

 

 

The president is unorthodox.

This White House video captures the message of the Trump Administration in 85 seconds.

 

 

 

This recent speech gives us a chance to show some of the president’s accomplishments in his own words.

 

 

President Trump’s speech on the 75th anniversary of D-Day has been applauded; rightly so.

 

 

This White House fact sheet that follows is from January 2019.

 

IGNITING A HISTORIC ECONOMIC BOOM: President Trump’s pro-growth policies are unleashing economic growth and providing opportunities to workers across the country.

·        Due to President Trump’s pro-growth policies, real gross domestic product (GDP) growth exceeded 3 percent over the last four quarters.

o   Real GDP grew at annual rates of 3.4 percent in the third quarter of 2018 and 4.2 percent in the second quarter.

·        More than 5 million jobs have been created since President Trump’s election and the unemployment rate remains below 4 percent.

o   This is the eighth time this year that the unemployment rate has been below 4 percent.

o   Prior to this year, the unemployment rate had fallen below 4 percent only five times since 1970.

o   The unemployment rate for African Americans in May fell to 5.9 percent, which is the lowest rate on record.

o   Asian and Hispanic-American unemployment rates have reached record lows this year.

·        Initial weekly jobless claims have hit a nearly 50-year low under President Trump.

·        Under President Trump, job openings outnumber the unemployed for the first time on record.

·        Recently, more than two-thirds of Americans rated “now” as a good time to find a quality job, tying a record high in a poll by Gallup.

·        Americans are seeing more money in their pockets thanks to the booming economy.

o   In recent months, workers have seen their largest nominal year over year wage growth in nearly a decade.

o   In 2017, real median household income rose to a post-recession high.

·        President Trump’s policies are helping to lift Americans out of poverty.

o   African-American and Hispanic-American poverty rates reached record lows of 21.2 percent and 18.3 percent, respectively, in 2017.

o   Since the election, 4.6 million Americans have been lifted off of food stamps.

·        Consumer confidence has soared under President Trump, recently reaching an 18-year high.

·        President Trump is delivering on his promise to bring back American manufacturing.

o   The National Association of Manufacturers’ Outlook Index had the highest annual average in its history over the past year.

o   Manufacturing added 284,000 jobs in 2018, the most added in a year since 1997

·        Small Business optimism jumped to a record high under President Trump, according to a survey by the National Federation of Independent Business (NFIB).

o   The NFIB’s Small Business Optimism Index broke a 35-year record in August.

·        President Trump signed the Tax Cuts and Jobs Act into law, ushering in the largest package of tax cuts and reforms in American history.

·        These tax cuts are delivering real results for American families and workers.

o   More than 6 million workers received tax cut bonuses and benefits.

o   More than 100 utility companies have announced lower rates.

·        President Trump is ensuring American workers receive the training and education they need to compete in today’s economy.

o   President Trump signed an executive order establishing the National Council for the American worker.

o   More than 185 companies and associations have signed our “Pledge to America’s Workers,” promising more than 6.4 million new training and career opportunities.

o   The President signed legislation that reauthorized the Carl D. Perkins Career and Technical Education Act, making more than $1 billion available for career education programs.

·        President Trump has prioritized the economic empowerment of women.

o   The women’s unemployment rate recently reached its lowest rate in 65 years.

o   The Small Business Administration lent approximately $500 million more in capital to women-owned businesses in 2017 compared to 2016.

o   The Administration helped launch the Women Entrepreneurs Finance Initiative, which could leverage more than $1 billion to support women entrepreneurs.

ROLLING BACK RED TAPE: President Trump is rolling back costly regulations that have burdened hardworking Americans and stifled innovation.

·        President Trump has followed through on and exceeded his promise to roll back two regulations for every new one created.

o   President Trump’s Administration surpassed the 2:1 ratio in 2018, eliminating 12 regulations for every new one in 2018.

o   In 2017, the Trump Administration eliminated 22 regulations for every new one.

·        Since taking office, President Trump’s deregulation efforts have achieved $33 billion in regulatory savings.

o   In 2018, these efforts alone delivered $23 billion in benefits to American families and business owners.

·        President Trump has signed 16 Congressional Review Act resolutions into law, eliminating burdensome Obama-era rules and regulations.

·        President Trump announced U.S. withdrawal from the Paris Climate Agreement, which would have harmed America’s economy and cost American workers millions of jobs.

·        President Trump signed an executive order to streamline the permitting process for infrastructure projects with a goal of cutting approval time from up to 10 years to an average of 2 years.

·        President Trump signed legislation to roll back burdensome Dodd-Frank regulations that harmed community banks.

NEGOTIATING BETTER DEALS FOR THE AMERICAN PEOPLE: President Trump is negotiating fair and balanced trade deals that protect American industries and workers.

·        President Trump negotiated a new trade agreement between the United States, Canada, and Mexico to replace the disastrous and outdated North American Free Trade Agreement.

o   Once enacted by Congress, the United States–Mexico–Canada Agreement (USMCA) will better serve the interests of American workers and businesses.

o   USMCA will incentivize billions of dollars in auto and auto parts production in the United States and create a freer and fairer market for American agriculture.

o   USMCA also includes the strongest-ever provisions on labor, environmental, digital, and intellectual property protections to reflect the realities of the 21st century economy.

·        The President renegotiated the United States–Korea Free Trade Agreement to preserve and grow jobs in the American auto industry and increase American exports.

·        The United States and Japan are set to begin negotiations on a United States–Japan Trade Agreement.

·        President Trump is establishing a new trade relationship with the European Union (EU), working toward the elimination of tariff and non-tariff barriers to transatlantic trade.

·        President Trump has established a Trade and Investment Working Group to lay the groundwork for post-Brexit trade with the United Kingdom (UK) and has notified Congress of his intent to negotiate a free trade agreement with the UK.

·        This year, President Trump filed a withdrawal notification with the Universal Postal Union, launching a one-year negotiation to secure fair international postal rates for American mailers.

·        President Trump has expanded market access for American agricultural producers.

o   Argentina has opened to American pork and beef, Brazil to American beef, Japan to lamb and Idaho chipping potatoes, South Korea to American poultry, and more.

o   The Administration authorized $12 billion to aid farmers affected by unfair retaliatory tariffs.

o   The Trump Administration has begun the process to expand the sale of E15, or gasoline containing 15 percent ethanol, to year round.

·        Under President Trump, the United States will no longer accept bad trade deals and unfair trade practices that harm American workers and industries.

o   One of the President’s first actions after taking office was withdrawing the United States from the terrible Trans-Pacific Partnership, which incentivized outsourcing.

o   In 2017, the Administration oversaw 82 antidumping and countervailing duty investigations.

·        President Trump is holding China accountable for its unfair trade practices, such as the theft of intellectual property, by imposing tariffs on $250 billion in Chinese goods.

o   Following President Trump’s successful meeting with President Xi in Buenos Aires, both agreed to conduct negotiations over 90 days to address the United States concerns.

·        American steel and aluminum jobs are coming back following President Trump’s tariffs to protect domestic industries that are vital to national security.

·        President Trump imposed tariffs to protect American-made washing machines and solar products that were hurt by import surges.

UNLEASHING AMERICAN ENERGY: President Trump is rolling back costly and burdensome regulations to unleash America’s incredible energy resources.

·        After years of stifling regulation under the last Administration, President Trump is unleashing America’s energy potential.

·        America is the largest crude oil producer in the world and production has hit a record high.

·        President Trump’s policies are helping to boost American energy exports.

o   The Administration has streamlined Liquefied Natural Gas terminal permitting.

o   In 2017, the United States became a net natural gas exporter for the first time in 60 years.

o   American coal exports increased by more than 60 percent in 2017.

·        President Trump is expanding access to our country’s abundant natural resources.

o   The President signed legislation to open up energy exploration in the Alaska National Wildlife Refuge.

o   In July 2018, the Department of the Interior announced it would hold the largest oil and gas lease sale in history.

·        In 2017, the Administration approved construction of the Dakota Access pipeline and the cross border permit for the Keystone XL pipeline.

·        The Administration issued permits for the New Burgos Pipeline that will export American petroleum products to Mexico.

·        The President has ended the war on coal, cutting Obama-era regulations such as the “Stream Protection Rule” which was estimated to cost industries $81 million a year.

·        President Trump is replacing the Clean Power Plan, a flawed Obama-era regulation that the Supreme Court ordered halted.

·        President Trump rescinded the hydraulic fracturing rule, which was expected to cost the oil and gas industry $32 million per year.

·        The Trump Administration curbed the burdensome Obama-era rule on methane, saving American energy developers hundreds of millions of dollars in regulatory costs.

EXPANDING OPTIONS FOR QUALITY AND AFFORDABLE HEALTHCARE:President Trump is expanding access to affordable healthcare choices and taking action to lower drug prices.

·        President Trump’s Administration is working to provide Americans with affordable alternatives to Obamacare.

·        The Administration expanded short-term, limited duration health insurance plans that are expected to be nearly 50 percent cheaper than unsubsidized Obamacare plans.

·        President Trump has expanded association health plans, allowing more employers to join together across State lines and affordably offer coverage to their employees.

·        The Administration proposed a reform to Health Reimbursement Account (HRA) regulations that will give consumers more freedom to purchase benefits that fit their needs.

o   Roughly 800,000 employers are expected to provide HRAs for more than 10 million employees once the rule finalized.

·        Americans have more healthcare freedom thanks to the President signing legislation that ended Obamacare’s individual mandate penalty.

·        While healthcare premiums had been steadily increasing as a result of Obamacare, the average benchmark exchange premium will decline for the first time in 2019 thanks to President Trump’s policies.

o   Next year, Americans will benefit from more insurer participation on the exchanges.

·        Medicare Advantage plans offer more benefit options than ever before, and average premiums in 2019 will be 6 percent lower than in 2018.

·        President Trump launched an unprecedented campaign to drive down drug prices, leading more than a dozen drug manufactures to enact price freezes, reductions, or rollbacks.

o   In 2018, the Food and Drug Administration (FDA) approved a record number of generic drugs, breaking the previous record set by the Administration in 2017.

o   The FDA’s Fiscal Year (FY) 2017 generic drug approvals are expected to bring nearly $9 billion in savings in 2017 alone.

o   President Trump signed legislation eliminating contractual gag clauses that stopped pharmacists from informing patients about lower drug prices.

·        The President put forth an initiative to stop global freeloading that drives up prices for American patients.

·        The Administration provided Medicare Advantage and Medicare Part D plans with new negotiating tools to drive down drug costs for American patients.

·        The Administration implemented reforms to the amount Medicare pays hospitals for drugs that are purchased under the 340B program, saving seniors $320 million in 2018.

·        President Trump signed “Right to Try” legislation to expand access to experimental treatments for terminally ill patients.

FIGHTING BACK AGAINST THE CRISIS NEXT DOOR: President Trump mobilized his entire Administration to combat the opioid crisis that has devastated communities across the country.

·        President Trump launched an Initiative to Stop Opioid Abuse and Reduce Drug Supply and Demand, introducing new measures to confront the driving forces behind this crisis.

·        The President signed the landmark SUPPORT for Patients and Communities Act, the largest and most comprehensive legislative package addressing a single drug crisis in history.

·        The President helped secure a record $6 billion in funding to fight the opioid epidemic.

·        The Administration provided more than $2 billion in grants in 2018 to help States, territories, tribes, and local communities prevent and treat opioid abuse.

·        The Administration pursued scientific solutions to prevent and treat addiction through the Helping to End Addiction Long-term (HEAL) Initiative.

·        The President launched a national public awareness campaign about the dangers of opioid addiction and youth opioid usage.

·        Last year, President Trump created a Commission on Combating Drug Addiction and the Opioid Crisis, which recommends ways to tackle the opioid crisis.

·        The Administration declared the opioid crisis a nationwide Public Health Emergency in 2017.

·        President Trump is working to cut off the flow of deadly opioids into our country and to disrupt the networks that distribute them to our communities.

o   The Administration secured first-ever indictments against Chinese nationals for fentanyl trafficking.

o   The Department of Justice (DOJ) launched a surge to target fentanyl and heroin dealers in the districts with the most severe overdose death rates.

o   The DOJ formed a Joint Criminal Opioid Darknet Enforcement team and shut down the biggest Darknet distributor of drugs.

·        Last year, the DOJ announced the largest healthcare fraud takedown in history, arresting more than 120 defendants with opioid-related crimes.

·        The President launched a Safer Prescribing Plan that seeks to cut nationwide opioid prescription fills by one-third within three years.

·        The Administration has led four National Prescription Drug Take-Back Days, collecting a record-breaking 1,837 tons of expired and unneeded prescription drugs.

STANDING UP FOR THE SANCTITY OF LIFE AND PROTECTING RELIGIOUS LIBERTY: The President is committed to defending the right to life and religious liberty.

·        Shortly after taking office, President Trump reinstated and expanded the Mexico City Policy.

·        President Trump defunded a United Nations (UN) agency for colluding with China’s brutal program of forced abortion and sterilization.

·        The Administration withdrew guidance that constrained State’s ability to exclude family-planning providers that provide abortion services from the Medicaid program.

·        The Trump Administration proposed new regulations to ensure Title X family planning funding does not go to projects that perform, support, or refer patients for abortion.

·        The Trump Administration issued regulations establishing new or expanded exemptions from the Obamacare contraceptive mandate based on religious beliefs or moral convictions.

·        In 2017, the President issued an executive order to promote free speech and religious liberty.

KEEPING AMERICAN COMMUNITIES SAFE: President Trump has made clear that his first responsibility is to protect the safety and security of Americans.

·        Federal Bureau of Investigation data shows violent crime decreased under President Trump’s watch in 2017, following two consecutive years of increases.

·        United States Attorneys indicted the most violent criminals on record last year.

·        Last year, the DOJ announced nearly $100 million in grant funding to hire hundreds of additional law enforcement officers.

·        President Trump is cracking down on the vile MS-13 gang that has brought violence to communities across the country.

o   In 2017, the DOJ worked with international partners to arrest and charge approximately 4,000 MS-13 members.

o   Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations arrested nearly 800 MS-13 members and associates in FY 2017, an 83 percent increase from the prior year.

·        President Trump signed an executive order to restore State and local law enforcement’s access to surplus equipment that can be used to help keep our communities safe.

·        President Trump enhanced and updated the Project Safe Neighborhoods program.

·        The DOJ announced the creation of the National Public Safety Partnership in 2017, launching a cooperative initiative with cities to reduce violent crime.

·        President Trump signed legislation to improve the Federal firearm background check system and keep guns out of the hands of dangerous criminals.

·        President Trump signed the First Step Act, which includes bipartisan reforms to make our Federal justice system fairer and our communities safer.

o   The First Step Act will help prepare inmates to successfully rejoin society, reducing recidivism and improving community safety.

o   This legislation includes commonsense sentencing reforms that will make our Federal justice system fairer while keeping violent criminals and sex offenders off our streets.

ENFORCING OUR LAWS AND SECURING OUR BORDERS: From the first day of his Administration, President Trump has worked to uphold the rule of law and secure our borders.

·        President Trump released an immigration framework that would fix our broken immigration system through merit-based reform and provide the resources needed to secure our border.

o   This includes closing the legal loopholes that enable illegal immigration, ending chain migration, and eliminating the visa lottery.

·        President Trump secured funding to begin building the wall and construction has already begun in areas along the southern border.

·        President Trump deployed the military to assist in securing the southern border.

·        President Trump and his Administration took action to require aliens seeking asylum to go to a port of entry to make their claim.

·        Customs and Border Protection (CBP) apprehended 17,256 criminals and 1,019 gang members in FY 2018.

·        ICE’s Enforcement and Removal Operations (ERO) arrested 158,581 aliens in FY 2018, an 11 percent increase from FY 2017.

o   90 percent of those arrested had criminal convictions, pending charges, or had been issued final orders of removal.

·        ICE ERO increased removals by 13 percent in FY 2018 to 256,086, the majority of whom were convicted criminals.

o   Removals of convicted criminal aliens increased by 14 percent from FY 2017.

o   Nearly 6,000 known or suspected gang members were removed in FY 2018, a 9 percent increase from FY 2017.

·        The Department of Justice prosecuted a record number of criminal immigration offenses in FY 2018, and increased the number of prosecutions for illegal entry by 84 percent over FY 2017.

·        Immigration courts are now completing more cases than at any point since 2011

·        President Trump kept his promise by launching the office of Victims of Immigration Crime Engagement (VOICE) within the Department of Homeland Security.

·        The Administration has more than doubled the number of jurisdictions participating in the 287(g) program, which enables State and local law enforcement to aid immigration enforcement.

·        President Trump has made our country safer by ordering the enhanced vetting of individuals entering from countries that do not meet our security standards.

o   These procedures were upheld in a June 2018 Supreme Court ruling.

REBUILDING AMERICA’S MILITARY FORCE: President Trump is rebuilding our military and defending America’s interests across the world.

·        President Trump ended the devastating defense cuts of the past Administration and has secured historic investments to rebuild our military.

o   President Trump signed legislation providing $700 billion for defense in FY 2018 and $716 billion in FY 2019.

·        President Trump is supporting America’s men and women in uniform, securing the largest military pay raise in nearly a decade.

·        The President issued a new National Security Strategy to keep America safe from all threats.

o   The Administration has also released new strategies specific to cybersecurity, biodefense, counterterrorism, and weapons of mass destruction terrorism.

·        President Trump directed the first whole-of-government assessment of United States manufacturing and defense supply chains since the Eisenhower Administration.

·        President Trump initiated the 2018 Nuclear Posture Review, improving United States deterrence policy and existing capabilities to counter nuclear threats.

·        President Trump empowered our military commanders with broad authority in order to take the fight to ISIS, and the results are clear.

o   ISIS has lost nearly all of its territory, more than half of which has been liberated since President Trump took office.

o   All of ISIS’ territory in Iraq was successfully liberated.

o   ISIS’ self-proclaimed capital city Raqqah has been recaptured.

·        ISIS’ territorial caliphate has been defeated and President Trump has announced that he is bringing America’s troops in Syria home.

·        President Trump announced a new Iran strategy to confront all of Iran’s malign activities and withdrew from the horrible, one-sided Iran nuclear deal.

o   All sanctions that had been lifted or waived under the Iran deal have been reimposed.

o   The Administration has sanctioned more than 160 individuals tied to the regime’s support of terrorism, ballistic missile program, human rights abuses, and more.

·        President Trump took decisive military action to respond to the barbaric use of chemical weapons by the Assad regime.

o   President Trump directed strikes in response to the regime’s chemical weapons attacks in April 2017 and April 2018.

o   The Trump Administration has also rolled out sanctions targeting those tied to Syria’s chemical weapons program.

·        President Trump is strengthening America’s cyber defense and directed the elevation of the United States Cyber Command into a major warfighting command.

·        The President announced that the Department of Defense will work to create a Space Force to serve as an independent branch of the United States military.

RESTORING AMERICAN LEADERSHIP ABROAD: President Trump is restoring American leadership on the world stage and advancing an America first agenda.

·        President Trump held an historic summit with Chairman Kim Jong-Un, bringing beginnings of peace and denuclearization to the Korean Peninsula.

o   Since the summit, the leaders have exchanged letters and high-level officials from both countries have met.

o   Because of the President’s actions, North Korea has halted nuclear and missile tests.

o   The remains of POW/MIA service members from the Korean War are being returned to the United States.

·        Prior to the summit, President Trump’s leadership helped secure the passage of historic UN sanctions on North Korea.

·        President Trump followed through on his promise to recognize Jerusalem as the capital of Israel and move the American embassy there.

·        President Trump withdrew the United States from the UN Human Rights Council due to its bias against Israel.

·        The Administration made clear that it does not accept the International Criminal Court’s jurisdiction over Americans and will continue to protect America’s sovereignty.

·        President Trump has successfully advocated for cutting waste at the UN.

o   Changes made to the organization’s structure allowed the UN to cut hundreds of millions of dollars from their budget, while making the organization more efficient.

·        The President’s leadership in the North Atlantic Treaty Organization (NATO) has encouraged members to increase their defense spending and realign the Alliance’s priorities.

o   In 2017 alone, there was an increase of more than 4.8 percent in defense spending among NATO allies.

o   President Trump convinced the Alliance to strengthen counterterrorism activities, and NATO formally joined the coalition to defeat ISIS.

·        President Trump’s Administration is working to advance a free and open Indo-Pacific through investments and partnerships.

·        President Trump has imposed tough sanctions on the corrupt regimes in Venezuela, Cuba, and Nicaragua.

·        President Trump has taken tough action to combat Russia’s malign activities, including Russia’s efforts to undermine United States elections.

o   The Administration has imposed sanctions on more than 200 individuals and entities related to Russia’s destabilizing activities.

o   The Trump Administration has enhanced support for Ukraine’s defense by stepping up sales of weapons to its military.

·        The Trump Administration has secured the release of numerous American citizens held abroad, including Pastor Andrew Brunson from Turkey, Josh Holt from Venezuela, and more.

·        President Trump attended G20 summits in Argentina and Germany, where he promoted American First policies and encouraged closer cooperation.

·        In 2017, President Trump conducted tours through Asia to promote America’s interests.

HONORING AMERICA’S COMMITMENT TO OUR VETERANS: President Trump is honoring America’s commitment to our veterans by ensuring they receive the quality care they have earned.

·        President Trump secured a record $73.1 billion in funding for the Department of Veterans Affairs (VA) to provide quality medical care for our veterans.

o   This funding included $8.6 billion for mental health services, $400 million for opioid abuse prevention, $206 million for suicide prevention, and more.

·        The President signed the VA MISSION Act, revolutionizing that VA healthcare system and reforming numerous services for our veterans.

o   This legislation will consolidate and reform existing programs to give eligible veterans better access to healthcare providers in their communities.

o   Thanks to this legislation, eligible veterans will have access to walk-in community clinics that offer immediate, local care.

·        President Trump and his Administration have expanded access to telehealth services for veterans, including through the “Anywhere to Anywhere” VA health care initiative.

·        President Trump issued an executive order requiring the Administration to improve access to mental health treatment and suicide prevention resources for veterans.

·        President Trump signed the Veterans Affairs Accountability and Whistleblower Protection Act, making it easier to fire failing employees and protect whistleblowers.

o   Under President Trump, the VA has removed, demoted, or suspended more than 4,300 employees for poor performance.

·        President Trump signed the Veterans Appeals Improvement and Modernization Act of 2017, streamlining the process used by veterans when appealing benefits claims.

·        President Trump fulfilled his promise to create a new White House VA Hotline to provide veterans with 24/7 support.

·        The VA is providing veterans with online access to wait time and quality of care data.

·        The President signed the Forever GI Bill, providing veterans, service members, and their families with enhanced education benefits.

·        Last year, programs at the VA and the Department of Housing and Urban Development helped more than 51,000 veterans find permanent housing and access supportive services.

TRANSFORMING GOVERNMENT: President Trump has followed through on his pledge to transform the Federal Government and increase accountability and transparency.

·        President Trump’s Administration submitted a plan to reorganize the executive branch in order to improve efficiency and effectiveness.

·        In a historic show of transparency and accountability, the Trump Administration completed the Department of Defense’s first ever audit.

·        The President implemented a five-year ban on lobbying for White House employees and a lifetime ban on lobbying for foreign countries.

·        Each quarter since taking office, President Trump has donated his salary, fulfilling a promise he made to the American people.

·        President Trump is reshaping our Federal judiciary, appointing judges who will follow the Constitution as written.

o   The President has appointed Circuit Court judges at a record pace.

o   President Trump has appointed two Supreme Court justices, Justice Neil Gorsuch and Justice Brett Kavanaugh.

 

As we survey the 2020 candidates for president, almost all of them say they want to raise taxes, increase regulations, and impose a range of new burdens that would reverse the economic accomplishments of the first 2 years of the Trump Administration.

Pew Research may have pointed to one of his understated accomplishments. Over half the country now believes in the reality of Fake News.

We gladly supported the president’s campaign in 2016, which was acknowledged on the president’s campaign website, as the below screen shot reminds readers. It’s been an amazing ride. Let’s see what’s next.

 

12ReasonsEducatedIranianAmericanWomanSupportsDonaldTrumpPostedMastheadBlogMHProNews954x846

While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business, and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

 

Happy Flag Day, and Happy 73rd Birthday, President Donald J. Trump! 

That’s today’s pre-dawn installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: 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 do.

(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 pro-vide a News Tips and/or Commentary, click the link to the left. Please note if 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:

You can click on the image/text boxes to learn more about that topic.

Criminal Justice Reform, Benefits Cited, Including MH Industry, Communities, American Society

June 13th, 2019 No comments

CriminalJusticeReformBenefitsCitedIncludingMHIndustryCommunitiesAmericanSocietyMHProNEws

MHProNews has periodically dipped into the topic of criminal justice reform, for a variety of reasons.  First and foremost, there have been numerous cases of over-sentencing.  But beyond that, there is a need for labor too.

Thanks to record high employment and low unemployment rates, the opportunity for those who have served their time to reintegrate into society with gainful employment has jumped.

When the White House sent the press release below, we knew we had to run with it over other closing stories that might have been run this evening.

 

 

Kim Kardashian West and President Trump highlight the power of criminal justice reform


Last December, President Donald J. Trump signed the First Step Act—the first major overhaul of the U.S. criminal justice system in more than a decade.

For too long, our prison system has failed incarcerated Americans. Oversentencing kept many people behind bars for years after they’d paid their debts to society and were ready to rejoin and reinvest in their communities. Others left prison ill-equipped for employment and life on the outside. As a result, many succumbed to crime and re-imprisonment.
WatchKim Kardashian West at the White House
In just four months after President Trump signed the First Step Act, more than 1,000 requests for a reduced sentence were granted. Soon, thousands more who were once subjected to unfair sentencing will get a second chance.

Today, the President discussed the next step in making justice reform a lasting success: empowering Americans to find jobs—and a purpose—after leaving prison. For former inmates, the difficulty of reentering society was often made even tougher because of scarce opportunities for employment. That needs to change.

“As a result of the booming economy, we are bringing Americans who have been on the sidelines back into the workforce—including former inmates,” President Trump said.

The Trump Administration is taking additional action to encourage U.S. companies to invest in “second chance” hiring. The Department of Labor, for example, will grant $2 million to States this month for bonds that incentivize businesses to hire and train former offenders.

That opportunity can begin while inmates are still completing their sentences. For those currently incarcerated, the Department of Education is expanding an initiative to make Pell Grants available for their education and training.

President Trump is helping all Americans earn a second chance.

Washington Examiner: Criminal justice reform is already working.

 

 

The governors leading the way on getting more Americans hired 

Earlier this year, the White House asked America’s governors to share their top priorities for 2019. Their answers echoed one of President Trump’s most important agenda items: workforce development for Americans of all stripes.

This afternoon, a bipartisan group of governors met with both President Trump and Advisor to the President Ivanka Trump to discuss clearing any obstacles standing in the way of true economic mobility for our workers.

 President Trump: “Tremendous progress” on fulfilling careers

These governors have been innovators in tackling that challenge, breaking down barriers such as restrictive occupational licensing, a lack of quality job training, and access to child care in their states. At the table today were Governors Doug Ducey (R-AZ), Brian Kemp (R-GA), David Ige (D-HI), Kim Reynolds (R-IA), Chris Sununu (R-NH), Tom Wolf (D-PA), Bill Lee (R-TN), and Mark Gordon (R-WY).

“One of the most rewarding things is to see people coming off the sidelines and back into the workforce,” Ivanka Trump said during today’s discussion. “Whether it’s criminal justice reform, second chance hiring, all the work we’re doing around skills training—employers are getting creative.”

The Pledge to America’s Workers: 9.8 million opportunities and climbing!

That’s today’s final installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: 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 do.

(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 pro-vide a News Tips and/or Commentary, click the link to the left. Please note if 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:

You can click on the image/text boxes to learn more about that topic.

Tanker Strike Spark Oil Jump, Likely Rise in MH Transport Costs, plus Manufactured Home Stock Updates

June 13th, 2019 No comments

CNNmone6.13.2019ManufacturedHomeStocksMarketsReportsMHProNewsWhen the cost of crude oil goes up or down, sooner or later, the cost for transporting a manufactured home will also routinely rise or fall.  So, this evening’s market focus is on the literally explosive situation off the Iranian coast near the Straights of Hormuz, where much of the world’s Middle Eastern oil is transported through. 

 

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 below, after 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.

 

CNN Business

  • A telling reaction
  • The oil market didn’t react much to the tanker attacks in Oman. Here’s why
  • Oil up 4% after two tankers were attacked off Iran’s coast
  • Why the Strait of Hormuz is so important
  • GE could sell its stake in dozens of startups
  • Spotify is betting big on podcasts. Its new redesign shows just how much
  • Callaway Golf’s stock soars after activist discloses big stake and pushes for sale
  • Rivals Microsoft and Oracle are teaming up to take on Amazon Web Services
  • New ‘megatrend’ ETFs let you invest in everything that’s cool
  • Britain’s wildly popular Monzo banking app is coming to America
  • UK government may intervene in Saudi investment into London papers
  • What is Truist? Soon it’ll be one of America’s biggest banks
  • Southwest Airlines extends flight cancellations through September 2 because of Boeing 737 Max grounding
  • House Intel chair sounds alarm in Congress’ first hearing on deepfakes
  • First on CNN Business: 600 companies including Walmart, Costco and Target warn Trump on tariffs
  • These companies could save the IPO market
  • Marly Higgins Driskell is a certified master newborn care specialist in Houston.
  • What it takes to be a $200,000-a-year nanny
  • A production model of the Samsung Galaxy Fold Tablet smartphone can be seen at a presentation.
  • AT&T cancels preorders for Samsung Galaxy Fold, patents stretchable phone
  • Google releases first photo of the Pixel 4
  • Huawei exec says it has to ‘wait a little bit longer’ to become the world’s biggest smartphone brand
  • Huawei phones will no longer come with Facebook apps
  • The iPhone’s new dark mode: Why you should care
  • KFC are officially trialling a vegan burger, known as the 'Imposter Burger.'
  • KFC is launching a vegan chicken burger in the UK
  • Even Tyson is getting in on the plant-based meat craze
  • Beyond Meat’s stock is up nearly 500%. That’s really too good to be true
  • Beyond Meat introduces new, meatier burger patty
  • Burger King’s Impossible Whopper arrives in San Francisco

 

Fox Business

  • American Airlines, Southwest shares surge after fare increases
  • Tesla’s request for China tariff relief denied by Trump administration: Report
  • Colorado’s marijuana revenue surpasses $1B
  • Trump says Sarah Sanders will leave White House at the end of June
  • Great Recession still hurting? 23% of Americans say their financial situation is ‘worse’ now
  • Colorado’s marijuana revenue surpasses $1B
  • Venezuela to issue 50,000 bolivar bill, equivalent to about $8
  • Atlanta Braves stadium to get new name after BB&T-SunTrust merger
  • Social Security can boost your retirement savings, here’s how
  • Tax revenues to grow 50% over next decade: Rep. Brady
  • OJ Simpson murder case, 25 years later: Ron Goldman’s father details baffling ‘confession’
  • Retirees across the world will outlive their savings by years, report says
  • Hatch Act violation would have gotten me fired: Fmr. Obama adviser Valerie Jarrett
  • Universal Orlando’s much anticipated $300M ‘Harry Potter’ roller coaster is now open
  • AOC, Bernie Sanders skewer Amazon Prime’s new credit card: We ‘intend to outlaw it’
  • Chobani to pay Idaho school district’s $85,000 lunch debt
  • NBA Finals Game 6 ticket prices at record levels for Warriors’ last game at Oracle Arena
  • Ben Carson rips red tape behind the soaring housing costs
  • DNC spending more than it’s raising ahead of 2020 election
  • Will Kamala Harris prosecute President Trump?
  • 2019 ‘Pig Book’ finds government’s pork addiction getting worse
  • Like oil and gas dominance, America can win rare earth production
  • Trump defends remarks about taking foreign government intel on rivals
  • Sanders’ socialism vs. Biden’s nostalgia
  • How this Eagle Scout earned 138 badges

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

9MarketIndicatorsYahooFinance6.13.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

TankerStrikeSparkOilJumpLikelyMHTransportCostsManufacturedHomeStockUpdates

 

 

Per CNBC:

·        Attacks on tanker ships near the world’s busiest sea lane for oil shipments send oil prices sharply higher, partially reversing a deep slump in crude futures.

·        Tankers the Front Altair and the Kokuka Courageous have sustained significant damage in the Gulf of Oman, and their crews have been evacuated.

·        The strikes come against a backdrop of heightened tension between the U.S. and Iran and follow last month’s attacks on four tanker ships in the Middle East.

 

 

This oil spike graphic tells the tale at a glance.

 

WestTexasCrudePriceSpikeJune132019

 

 

 

Not only is transport cost of a manufactured home from the production center to a retailer or community impacted by a rise in oil prices, but also the cost of any secondary moves from a retailer to the home buyer’s site is impacted too.

Furthermore, products are transported to the production center, so those costs will ultimately be passed along too.

The Daily Business News on MHProNews will monitor these developments.

Related Reports:

Is War Ahead? Insider Sources in Iran Talk Trump, Middle East Conflicts, plus Manufactured Home Market Updates

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

 

YahooFinanceManufacturedHousingConnectedStocks6132019MHProNews

Updated:

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.”

“We 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.

Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

June 13th, 2019 No comments

 

InvestigatingFannieMaeFreddieMacOverDutytoServeManufacturedHousingDailyBusinessNewsMHproNews

Facts are stubborn things.”

 

Assuming that the meaning of “new” hasn’t changed recently, “new” means “not done before.” And, if “new” still means “new,” then it also means, by definition, that there is no pre-existing loan performance data for that “new” class of home – because it’s … well … “new.” – Mark Weiss, J.D., President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

 

Wit is the soul of wisdom, goes an old maxim.

With that pull quote above from his full message below, Weiss exposes the apparent contradiction of providing Duty to Serve (DTS) lending for the Clayton Homes/Manufactured Housing Institute (MHI) backed ‘new class of homes.’

Attentive industry readers will recall that Fannie Mae and Freddie Mac have said that a ‘lack of data’ caused them to not dive deeply into manufactured home lending, especially on home only or ‘chattel’ personal property loans.  Yet they do have data on those loans. They also have the obvious example of several lender sustainably performing personal property loans.  That’s inferred performance.

By contrast, as Weiss said, the GSEs have no data whatsoever on this Clayton/MHI backed new class of homes.

An outraged MHI-only member producer told MHProNews in 2018 his disgust over how the GSEs snubbed the vast majority of manufactured housing by Fannie and Freddie with this phrase: “What are we chopped liver?”

 

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

 

Another MHI-only member producer told MHProNews about the same time that the new class of homes makes no sense. Per that source, the GSEs already did lending on par with conventional housing for modular homes.  Why establish this new class of HUD code manufactured homes, when modular housing already exists, and the same producers routinely do both? In a sense, it is arguably like doing nothing at all for manufactured housing, unless it is much the same as an on-frame modular unit.

 

Insider Insights from GSEs

The Daily Business News on MHProNews asked a consultant to a GSE, prior to the roll out of their ‘new class of homes,’ program the following.  Had the GSEs considered what the impact would be on the rest of manufactured housing? And if the ‘new class’ of homes was successful, what if it undermined confidence in the balance of all other manufactured housing?

The reply was stunning. Per that consultant, if a negative impact on other manufactured homes occurred, the GSE could always take that into consideration after a year or so of data was collected.

Rephrased, the consultant said the GSE was willing to risk undermining the value and confidence in all manufactured homes, in order to roll out the new Clayton/MHI backed project as they envisioned it.

Outrageous, but there it is.  Other consultants to GSEs told MHProNews equally stunning revelations.

 

But the focus of this report is the newest edition of MHARR ISSUES AND PERSPECTIVES.  It is being reproduced below in its entirety.  It will be followed by additional insights and commentary by MHProNews.

 

TimeToInvestigateFannieFreddieMishandlingofDutyToServeDTSMHARRissuesPerspectiveManufacturredHousingAssocRegulatoryReformLogo

“TIME TO INVESTIGATE FANNIE AND FREDDIE’S MISHANDLING OF DTS”

By Mark Weiss 

JUNE 2019

It’s been more than ten years since Congress enacted the Housing and Economic Recovery Act of 2008 (HERA) and its “Duty to Serve Underserved Markets” (DTS) mandate.  DTS directs both Fannie Mae and Freddie Mac to “develop loan products and flexible underwriting guidelines to facilitate a secondary market for mortgages on manufactured homes for very low, low and moderate-income families.” Insofar as it expressly authorizes programs for both real estate and personal property (chattel) manufactured housing consumer loans, DTS was – and always has been – aimed at increasing the availability (and lowering the cost) of purchase-money financing for mainstream, affordable manufactured homes by providing securitization support for lenders, which would lower their credit risk, while promoting greater market competition, which would also result in lower borrowing costs for consumers. That laudable objective, however, has not been achieved, and with the industry now in an eight-month sustained production decline, DTS remains a nearly empty shell, leaving the 80% of the manufactured housing consumer finance market that relies on personal property loans totally unserved, while scarce – and badly needed – DTS resources are diverted to programs that do nothing for mainstream manufactured housing consumers, but do benefit a handful of the industry’s largest corporate conglomerates. This “hijacking” of DTS, with the knowledge and support of both Fannie Mae and Freddie Mac, deserves a thorough investigation by Congress and full accountability for those involved.

 

Put simply, DTS was never designed to be a corporate welfare program for the industry’s largest conglomerates. But that is exactly what it’s becoming, as a result of its botched implementation by Fannie Mae and Freddie Mac (with a “wink and a nod” from their federal regulator, the Federal Housing Finance Agency – FHFA), and its diversion away from the mainstream, affordable manufactured homes produced by all HUD Code industry manufacturers, in favor of high-dollar, hybrid-type homes that are produced by only one or, at most, just a handful of manufacturers.  As usual, the winners in this fiasco (thus far) are certain well-heeled, well-connected industry conglomerates that play to the pre-existing prejudices of Fannie and Freddie, while the “losers” are the rest of the HUD Code industry and the millions of lower and moderate-income American families that could otherwise be helped by DTS to purchase and own a home of their own.

 

The factual analysis leading to these conclusions is, in actuality, simple, straightforward and fundamentally undisputed.  Start with a basic undisputed fact, as confirmed by federal government data.  That is — as shown by U.S. Census Bureau housing market data — that some 76% of all HUD Code manufactured housing placements in 2017 (the most recent year for which such data is available), were titled as personal property (i.e., chattel). While not necessarily representing a one hundred-percent direct correlation, this data effectively means that something close to three-quarters of the manufactured homes purchased in 2017 were financed as personal property, while only 17% of all manufactured homes that year were titled – and presumably purchased and financed – as real property. This division between personal property-based placement and financing on the one hand, and real estate-based placement and financing on the other, has remained relatively constant in recent years, moreover, with the proportion of personal property placements varying between 76% and 80%, while real estate placements varied between 13% and 17%.  Thus, there can be no actual or legitimate dispute that the vast bulk of the manufactured homes purchased by lower and moderate-income American families, are served by personal property-based chattel financing.

 

Nor is this – or should this — be a surprise to anyone.  While manufactured housing personal property loans generally carry a higher interest rate than real estate-based loans, due, in part, to the absence of land as security for the lender, personal property loans, using the home itself as the sole security for the lender, cost less overall than real estate loans which include the purchase cost of the land underlying the home.  As a result, personal property loans have tended to be favored by lower and moderate-income consumers, including consumers who might otherwise be unable to afford a home of their own. That is, with an average sales price of $48,300.00 without land (in 2017) a single-section manufactured home would cost far less to purchase and finance than either an average site-built home with land (with an average combined sales price of $384,900.00) or a single-section manufactured home with land, which, according to the same data, could add something on the order of $90,000.00 to the structural price of the home itself.  Consequently, even with higher borrowing costs for chattel loans (resulting from higher interest rates), such loans on HUD Code manufactured homes nevertheless represent – and have always represented – the most affordable route to homeownership for any American anywhere in the United States.

 

Given this basic, undisputed data, the most direct route to fulfilling the promise and mandate of DTS – i.e., putting more lower and moderate-income American families into homes that they can truly and legitimately afford – would be for Fannie Mae and Freddie Mac to provide market-significant securitization and secondary market support for the manufactured housing personal property consumer lending market, as MHARR has always maintained. This is where the vast majority of manufactured housing purchasers are, and where the vast majority of lower and moderate-income manufactured housing purchasers are. And, not to overstate the point, these are the very people that Fannie and Freddie should be serving and, in fact, were created to serve, and are directed to serve by their respective charters and authorizing legislation.

 

But Fannie Mae and Freddie Mac have no interest in serving the type of housing consumers served by mainstream manufactured housing. Thus, they have no interest in providing securitization and secondary market support for mainstream, chattel-financed manufactured housing.  If they did have such an interest, and had been serving the mainstream manufactured housing market all along, DTS would not have been necessary and would not have been enacted by Congress.  What need would there be for a remedy – such as DTS — if there was no problem to begin with?  Conversely, the fact that Congress felt the need to enact a remedy shows that there was, in fact, a problem with Fannie and Freddie’s treatment of manufactured housing consumers. But Fannie Mae and Freddie Mac, aided by FHFA and some within the industry, have worked overtime to circumvent that remedy, while they continue to discriminate against lower and moderate-income manufactured American families that seek to purchase a truly affordable, mainstream manufactured home. At the same time, Fannie and Freddie talk about support for the mainstream manufactured housing market while, in fact, doing no such thing.

 

How do we know this?  Again, “facts are stubborn things.”  To start with, the reality is that neither Fannie Mae nor Freddie Mac has yet to implement even a “pilot program” for manufactured home chattel loans, some 11 years after the enactment of DTS.  A May 23, 2019 letter from Fannie Mae Vice President Jonathon Lawless to MHARR thus refers only to a “potential” manufactured housing personal property “pilot” program. And forget any kind of market-significant support for the predominate type of manufactured home consumer lending in the United States. In fact, according to sources, Fannie and Freddie have yet to provide market support for any manufactured home consumer personal property loans under DTS – a point effectively confirmed by Mr. Lawless, whose May 2019 letter states that Fannie Mae’s DTS Plan “has never called for [the] immediate purchase and securitization of these [personal property] loans.”

 

And what are Fannie Mae and Freddie Mac doing instead?  Rather than providing the type of market support that is desperately needed to expand the availability and affordability of mainstream manufactured homes for lower and moderate-income purchasers – what they should be doing under DTS – Fannie and Freddie instead, are offering support for the types of “manufactured homes” that they want to see and promote; not mainstream, affordable, HUD Code manufactured homes, but “manufactured homes” that are more like the far more costly site-built homes that Fannie and Freddie are accustomed to dealing with. Thus, in a January 14, 2019 article entitled “Delivering on Our Affordable Housing Mission Under Duty to Serve” (and there are many more such examples), Fannie Mae Executive Vice President Jeffrey Hayward refers to “manufactured homes” constructed in accordance with Fannie’s “MH Advantage” program – for manufactured homes titled as real estate (not chattel) – as being “similar to site-built homes.”  And, of course, this is – and remains – Fannie and Freddie’s central criterion in providing support for “manufactured homes” – i.e., they cannot be mainstream (and therefore affordable) manufactured homes but, instead, must be “similar to [the] site-built homes” that Fannie and Freddie are used to dealing with, and thus are within their pre-existing “comfort zone.”

 

It’s the same thing with the so-called “new class” of manufactured homes.  These homes are described (and specified) as being more like site-built homes – or a hybrid between site-built homes and manufactured homes.  As a result, they are projected to cost significantly more than an “average” mainstream manufactured home – up to approximately $220,000.00 as compared with an “average” (2017) price of $71,900.00 for all mainstream manufactured homes (i.e., both single and multi-section) — and are simply not the type of affordable, non-subsidized affordable housing resource that is provided by mainstream manufactured housing; meaning, again, that they would appeal – and be marketed to – the more “upscale” consumers that Fannie and Freddie would prefer to deal with.

 

And just as long as we’re on the subject, what type of loan performance data exits to support the creation of a special program for this supposed “new class” of manufactured home (or “MH Advantage” homes for that matter)?  For more than a decade, Fannie and Freddie have refused to provide any type of DTS support for mainstream manufactured housing personal property loans, citing a lack of “performance data” to justify entry into that market. So, if the availability of “performance data” is thus a prerequisite for market support from Fannie and Freddie under DTS, what type of “performance data” do Fannie or Freddie have for an entirely “new class” of home?

 

Assuming that the meaning of “new” hasn’t changed recently, “new” means “not done before.” And, if “new” still means “new,” then it also means, by definition, that there is no pre-existing loan performance data for that “new” class of home – because it’s … well … “new.” So, for the 80% of the existing, mainstream manufactured housing market financed through chattel loans, no performance data means no DTS support. It means not even a measly “pilot program” after 11 years. But for a “new” class of higher-cost home, being pursued by just a few of the industry’s largest conglomerates (if that many), no performance data means a ticket to instant Fannie and Freddie support – even though there is not one word about a “new class” of manufactured homes or a pilot program for a “new class” of manufactured homes in the DTS implementation plans filed by Fannie and Freddie and approved by FHFA in 2018.  And all of this comes to you courtesy of the same people who nearly crashed the world economy by backstopping trillions of dollars in “subprime” loans on homes that borrowers could not legitimately afford.

 

The reality is that DTS is in the process of being “hijacked” by special interests. It is being diverted from its primary, essential and crucial mission with regard to manufactured housing – to expand the availability of consumer loans for mainstream manufactured housing; to bring more lenders into the market; and to lower the (interest) cost of mainstream manufactured home consumer loans through increased competition and risk reduction for lenders. Fannie and Freddie’s treatment and botched implementation of DTS is an ongoing farce for the industry and an ongoing tragedy for lower and moderate-income Americans who simply wish to purchase a home of their own, but continue to be subjected to flat-out discrimination, in open defiance of Congress and with a knowing, and apparently intentional pass from FHFA. The time has come, therefore, for Congress to re-involve itself in this matter, to conduct a thorough and probing investigation of DTS with respect to manufactured housing, and see to it that the DTS directive is enforced and implemented now, not “honored” in the breach.

 

Mark Weiss

 

MHARR is a Washington, D.C.-based national trade association representing the views
and interests of independent producers of federally-regulated manufactured housing.

 

— ## —

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNews

 

Disclosure

Stating the obvious, let’s nevertheless note as a disclosure that MHARR is a banner advertiser, thus a sponsor of this publication. That noted, Berkshire Hathaway subsidiaries – Clayton Homes, 21st Mortgage Corporation – and the Manufactured Housing Institute (MHI) were also banner advertisers/sponsors of this site – which is the industry’s largest and most read manufactured home trade media by far. Our fact-checks of MHI, et al began while they were advertisers. Our fact-checks began years before MHARR became a sponsor.  Therefore, we have a clearly established record of covering matters as we see them.

It must also be noted that while we were doing such fact-checks and analysis, that MHI’s elected and staff leaders were publicly praising MHProNews.

 

 

 

TimWilliams21stMortgagePublicationDailyBusinessNewsMHProNewsMHLivingNews

HowardWalkerEmergenceOfTonyKovachsPublicationsProfessionalsFilledVacuumDailyBusinessNewsMHProNews

 

Our publisher – L. A. ‘Tony’ Kovach – has also stated several times in ‘digital print’ that in hindsight, he now sees the disconnects.  For example, there was Warren Buffett’s very public support of candidates who signed into law and worked to protect from any changes the Dodd-Frank legislation that gave birth to the Consumer Financial Protection Bureau (CFPB). Meanwhile, Clayton Homes, 21st Mortgage, other Berkshire Hathaway brands, and MHI all spent years and millions of dollars ‘opposing,’ lobbying, and fighting to modify. A detailed review of that ‘Rope-a-Dope’ is linked here. That fact-check and analysis includes this following stunning admission by a former MHI SVP who could not have been clearer. The years of efforts that lied ahead were a waste of time and money.

 

JasonBoehlertManufacturedHousingInstituteSeniorVPLogoMHIlogoQuoteMHProNews

WarrenBuffettPhotoPresidentBarackObamaPhotoMemeCartoonManufacturedHousingIndustryMHProNews

Satirical cartoons can illustrate meaningful points.

WarrenBuffettPresidentBarackObamaPhotoMemeManufacturedHousingIndustryMHProNews

 

The Common Threads?

The common thread between DTS and the never-enacted Preserving Access to Manufactured Housing Act are access to financing. Our publisher stressed that the principle behind Preserving Access – or DTS – are fine. In the case of Preserving Access, while it was a ‘good idea,’ it was also all but guaranteed to fail. There was no practical logic in pursuing it.

What has been occurring with DTS is similar. So Weiss’ points are timely.

An MHI-only member connected source that’s worked with the GSEs has told MHProNews that part of what caused Fannie and Freddie from not implementing DTS in the aftermath of the passage of the Housing and Economic Recovery Act (HERA) 2008 was the relatively poor performance of 21st Mortgage Cop and Vanderbilt Mortgage and Finance (VMF) lending.

Now, given the mainstream housing mortgage/credit meltdown, that ‘relatively poor’ has to be considered in the broader context.  After all, lending did return to conventional housing, despite the scandals that occurred.  Manufactured homes had negligible impact on the 2008 housing/mortgage crisis that trigged the so-called ‘great recession’ that rippled through the world’s economy.

As a former MHI connected executive has said, manufactured home lending and past losses were a “pimple on an elephant’s ass” compared to what happened with conventional housing.

 

“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Lending

 

Let’s recall that the 2008 housing/mortgage crisis was not the first such event.  The S&L crisis was smaller by comparison, but had an estimated $160 billion finance impact.

 

SavingsLoansCrisisWikiDailyBusinessNewsMHproNews

 

Within that context, what’s noteworthy is that per various sources, Berkshire owned lenders de facto helped derail the use of DTS early after its passage and were a source of an excusing DTS now on virtually all but this new class of homes.

21st, Clayton, and Warren Buffett de facto revealed their responsibility for their harmful impact on manufactured home lending which caused thousands of retailers and some producers to go out of business.

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

That in turn also arguably kept lending from flowing back into the manufactured housing space.

 

DTS Manufactured Home Lending Committee Member Says MHI in “Unholy Alliance” to Divert Needed GSE Support Away from Manufactured Housing

 

The aftermath and outcomes were many. These incidents contributed to the tidal shift that hit not only manufactured home retailers, but also communities, occupancy, and thus their values were impaired too.

 

Manufactured Home Community Case Study, UMH Properties, Lessons for Independent Community Owners, Investors

 

There is also an element of self-fulfilling prophecy in this matter. A lack of lending naturally harms resale values of manufactured homes, much like it did with conventional housing during the housing/mortgage crisis.

Furthermore, as was reported last year, it was the Federal Housing Finance Agency (FHFA) that said that manufactured homes demonstrably appreciated in value. Given the various ways that lending to manufactured homes have purportedly been artificially limited, that factoid is a pleasant surprise.

It should be noted that virtually all of what Weiss has recounted occurred prior to the Mark Calabria becoming Director of the FHFA.

 

MHARRMarkWeissIfCongressHadMeanttheDutytoServeToBeOptionItWouldNotHaveCalledItADutyDefintionofDutyIsMandatoryResponsibilityDailyBusinessNewsMHProNews

 

In a previous comment to MHProNews, Weiss made the previous statements above and below about Duty to Serve (DTS).

 

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

Additional points that bears mention is that the GSEs have been sponsoring MHI events. How is that not a conflict of interest?

 

2018-10-03_1018ManufacturedHousingInstituteHILogoCavcoFleetwoodPalmHarborFannieMaeFreddieMacLogoDailyBusinessNEwsMHProNEws

Marty Lavin advises, “Follow the Money” and “Pay More Attention to What People Do Than What They Say.” The GSEs are praising manufactured home quality, but then worked with Clayton Homes and MHI to create a so-called ‘new class’ of manufactured homes, per sources.

 

Furthermore, well prior the Calabria era beginning and before the new Congress being seated in 2019, Jeb Hensarling pointed to what he felt was improper lobbying by GSEs. One of several possible references to that is linked via the text-image box below.

 

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

 

 

Conclusions

There is a quilt-work of items that are causing the slowdown and underperformance of manufactured housing. Financing must rank high on that list, for the reasons noted herein.

But at the core of these concerns ought to be the common threads.

  • Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and Finance, and Berkshire Hathaway have their finger prints on these matters.
  • Clayton and their related Berkshire lenders has been spotlighted by several Democratic lawmakers, including 2020 presidential hopefuls.

 

Senate Democrats – Including 2020 Presidential Contenders – Ask CFPB Protect Consumers Against Predatory Lenders — Point Finger at Clayton Homes, Berkshire Hathaway Lending

 

  • The Manufactured Housing Institute (MHI) held closed door meetings with the GSEs, that none of the parties involved have released meeting minutes on.  They should be part of any Congressional or other investigation.
  • The Seattle Times, and Clayton’s hometown local news media – besides MHProNews – has reported on numerous federal investigations relative to Clayton that purported involve MHI connections.

 

 

 

One of the posted comments on the video above, from ‘Tobz4uhuni ItsMyName’ posted this, with typos in the original:

Clayton aka Vanderbilt is a horrible place. I have been in mine since 07. They placed it on the wrong land and it sets off by 3 acres. They know they did this and refuses to move it and correct the problem. They also have been offered a deed to the piece of land where it sits providing they quit claim the other piece of land that sits 3 acrea off and they refuse to move. Yet these unethical people, predators, illegal subhumans expect for me to pay for this mobile home when it isnt attached to the acre its suppose to. It sits on someone elses land and he will be moving it soon bc he is building a home where the mobile home sits. Clayton can make it right, but refuses. Plus they sell someone whose credit scores are 500 and 525 mobile homes with a price tag of 63k, an interest rate of 10.5% and make only 9 dollars an hr. Make complaints with your attorney generals office, the state of Tennessees attorneys office and the consumer protection bureaus office. These people need to be stopped.”

These may well rise to the level that merit Congressional investigation, but also Department of Justice (DoJ) investigation.  In a recent statement, DoJ’s top antirust person made statements that if applied to Clayton et al could be seen as a warning sign. See the link here, and the related reports, further below.

RememberThisQuoteIrPrettyPicturesMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews

That’s today’s second episode of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: 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 do.

(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 pro-vide a News Tips and/or Commentary, click the link to the left. Please note if 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:

You can click on the image/text boxes to learn more about that topic.

Shocking, True State of the Manufactured Housing Industry, plus Solutions for Profitable, Sustainable Growth – May 2019

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

 

 

 

 

 

City Ponders “Mobile Housing Units,” to Address “Affordable Housing Shortage,” Citizen Reaction

June 13th, 2019 No comments
CityPondersMobileHousingUnitsAddressAffordableHousingShortageCitizenReactionManufacturedHousingMHProNews

Photo of manufactured home from the same city, posted on a local real estate MLS.

Union Springs is located in Alabama. According to Wikipedia, Union Springs is a city in and county seat of Bullock County, Alabama, United States. The population was 3,980 at the 2010 census.”  The population, per at least two online sources, appears to be trending down. “Total Population: 3,785,” in 2018, per Suburban Stats. 

 

 

The Census Reporter estimates the town at 3640.

Google maps says it is about a 50-minute drive into Montgomery, AL, which is 45 miles away by the more direct route.

 

UnionSpringsALMapMontgomeryALDailyBusinessNewsMHProNews

 

Alabama is one of the top 10 states in the U.S. for the production and sales of new manufactured homes.

Bearing those points in mind as a brief introduction, let’s dive into a letter to the editor of the Union Springs Herald, found at this link here and reproduced below.  A collage of their header is reproduced, along with the letter, under fair use guidelines for media.  It will be followed by commentary and analysis.

 

UnionSpringsHeraldDailyBusinessNewsMobileManufacturedHomesMHProNews2019-06-13_0902

Dear Editor:

I recently attended a public hearing assembly held by the Union Springs planning commission and I was dismayed by the number of requests to install mobile housing units within the city limits. Union Springs has an affordable housing shortage and providing a means to relieve this problem is needed. However, it seems as if these mobile units will be squeezed into any available space with little regard to the impact they will have on their neighbors. One proposal was to bring in a minimum of four to six mobile units on 5 acres of land on Industrial Park Rd. This sounds like someone is interested in building a trailer park.

There are other remedies that can be used to relieve our housing issues. Many of the vacant buildings in our downtown would be perfect as condominiums with retail space on the ground level. Centrally located to the major thoroughfares, this would be quite attractive to young singles or newly married couples who cannot afford to live in Pike Road.

An effort to build two or three-bedroom single family homes would also attract families with children or elderly parents for the same reasons.

One indicator of neighborhood stability and viability is the number of owner-occupied homes in the area. If the City of Union Springs wants to attract high paying jobs and reduce the number of residents who move out looking for modern homes and conveniences, then we need to encourage building single family homes vs. mobile homes.

When I use our highways to travel to the surrounding cities, I am awed by the newly built homes that dot the countryside. Let us not limit ourselves to a vision of who we will be in the future by who we are now. If someone can afford to rent, they can afford to buy. There are many programs which will educate and assist renters into becoming buyers.

Finally, let us consider the age and code requirements of these proposed mobile units before granting approval. Do these older units meet the current standards of insurability? Changes to existing structures must meet current building standards; the same should be required for new mobile units.

Darlene McGaw

 

CherylMcGawJoinsHousingCommissionUnionSpringsHeraldManufacturedHOusingMHProNews

 

In the same newspaper last year, I am a Highly Qualified History teacher,” in announcing her campaign for the Plainfield Board of Education, “I am Darlene McGawasking for your prayers, support and your vote on June 05, 2018.” The Union Herald also said that she has a “B.A. in Psychology.” A LinkedIn profile reflects that “Cheryl Darlene McGaw is a Teacher at Plainfield Board of Education.”

Safe to say that she is an intelligent, educated woman who had the confidence to run for public office and to speak her mind openly on civic issues. She has apparently earned a significant level of public confidence.

One might wonder, why hasn’t the Manufactured Housing Institute (MHI), or the state association responded to this letter to the editor?

We waited about 19 hours, nothing.  Yet, MHI has a full-time public relations person.

In another letter to the editor in Buffalo, New York that MHProNews did a detailed analysis on yesterday, has since had one posted response as of this morning. The letter and a video with others that feel similarly is found at this link here, or by clicking the text-image box below.

 

Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

 

Here below is the lone posted comment to that recent letter and prior video commentary by Gail Travers. The typos that follow are in the original. Reminder to new readers, often MHProNews takes direct quotes and turns the text bold and brown to make it pop, but otherwise does not change the words quoted.

 

Linda Tower
keep fighting to keep scum like these peple under control we wanted to buy there but because of the situation with this company there we changed our minds i feel so bad for the residents there i hope N.Y. will do the right thing and give these folks a worry free nights sleep and place heavey restrictions on these investors rather fron out of town or here if the folks there dont win this battle where would many of them go its shameful

 

In fairness to the ‘Linda Tower,’ there are times that comments posted by smart phone can result in some ‘fat finger’ errors. That noted, Tower’s comments, Travers’ and that of Ms. McGaw are indicative of the way that much of the public reacts to manufactured housing.  It helps explains why the Zillow research below reflects the point that only 8 percent of housing seekers even admit to considering a manufactured home.

Zillow2016HomeBuyersSurveyManufacturedHousingIndustryDailyBusinessNewsMHProNews

Only 8 percent of housing shoppers considered a mobile or manufactured home, and many of those did not buy one. That’s both a challenge, but also an opportunity in disguise for those who have a sales and marketing system that deals with that reality.

 

Thousands of manufactured home professionals know better. But let’s be candid. There are also scores who work in our industry that believe similarly. The level of true ‘education’ in the industry is pitiable.

These kinds of public comments – or industry realities, in numbers of cases – are educational and public relations issue, not just a marketing challenge. That’s why speeches and addresses like HUD Secretary Carson’s, prior HUD Secretary Julian Castro’s comments are useful.  But only to the degree that they are made know.

 

 

Last week, in under 400 words, the case was made that “Enhanced Preemption” must be a mantra of HUD and MHI.  It has already been promoted for years by MHARR, and our publications.  See the report, via the linked text-image box below.

 

Manufactured Housing Professionals, HUD Secretary Ben Carson, Must Promote These Two Words

 

The proper application of “enhanced preemption” would make local opposition moot. The combination of enhanced preemption and articles like the one below would ease the fear that so many fear that property values will be diminished. HUD and other third party research demonstrates that is not the case.

 

FearASolutionToAffordableHousingCrisisAndManufacturedHousingDilemmaManufacturedHomeLivingNews600x315a

The article cites numerous third party research that debunks several concerns that McGaw and millions of others have been led to mistakenly believe. https://www.manufacturedhomelivingnews.com/fear-a-solution-to-the-affordable-housing-crisis-and-the-manufactured-home-dilemma/

 

Union Springs isn’t Seattle or Los Angeles. But which is worse?  Tents or people living in cardboard boxes living outside of your housing unit? Or is it to have a properly installed manufactured home next door? Which will help or harm housing value more?

 

 

There has been reams of nonprofit and university level research for over 2 decades to debunk the vast majority of the public’s concerns, based upon facts, third party research, unpaid expert or home owners statements. Why is so little or none of it on MHI’s website? Why is it that some that MHI promoted before is now missing?

 

TerryDecioSkylineChampionHomesPhotoQuoteImTiredofManufacturedHousingbeingBestKeptSecretReadyHelpHouseAmericaDailyBusinessNewsMHProNews

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Why did Belsky miss his predicted date? See that ‘smoking gun’ report, linked here. See too what the John Oliver video background research revealed

 

More. on these and other industry focused topics soon. See the related reports for more.

That’s this morning’s first installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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 or Comments or Letter to Editor in the subject line.

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: 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 do.

(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 pro-vide a News Tips and/or Commentary, click the link to the left. Please note if 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:

You can click on the image/text boxes to learn more about that topic.

Pushing Back Against NIMBYism, HUD Secretary Ben Carson, NAHB Innovative Housing Showcase, Schedule

FHFA’s Mark Calabria, Ph.D., Address at HUD, NAHB’s Innovative Housing Showcase

Positive Congressional Reactions – Innovative Housing Showcase, HUD, MHEC, MHI, and Other Insights

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

 

 

“Have…Giants…Stifled Competition,” Antitrust Battle Lines in D.C., plus Manufactured Home Market Updates

June 12th, 2019 No comments

CNNmone6.12.2019ManufacturedHomeStocksMarketsReportsMHProNewsFor the relatively small numbers in MHVille that follow only other manufactured housing industry trade media, not this platform, they would be almost completely in the dark about the forming battle lines about bipartisan antitrust concerns.  While the various political voices may have differing approaches or solutions, they nevertheless broadly are starting to agree that stifling competition is harming almost every aspect of American economic life.  So, of course it stands to reason that it impacts manufactured housing too.  Some mainstream coverage, and talking points from the DOJ’s top antitrust watchdog, will be our focus this evening.

Pay close attention to the left-right headlines on CNN  and Fox Business this evening, which makes clear that this drum beat of antitrust is not to be taken lightly by investors.

 

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 below, after 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.

 

CNN Business

  • Big Tech crackdown could blow up your portfolio
  • Antitrust lawsuits against Facebook and others could be costly to investors
  • Facebook disputes WSJ report about Mark Zuckerberg and ‘problematic privacy practices’
  • Top tech execs warn that breaking their companies up will make problems worse
  • LIVE UPDATES Stocks close lower for second day in a row
  • Investors think a rate cut is coming. But the Fed might disappoint, strategist says
  • Birchbox wants Walgreens to help it reach the everyday consumer
  • CrowdStrike soars in public debut
  • SpaceX launches satellites for the Canadian government
  • Whistleblowers’ rights could be at risk under Trump’s new labor board
  • Uber unveils its vision of flying taxis
  • Tiger Woods’ comeback is great for the golf business
  • Bentley’s new Flying Spur sedan can go 207 miles per hour
  • Tim Hortons will start selling Beyond Meat sandwiches across Canada
  • Fake videos are a threat to the 2020 US election. This could stop them
  • Why it’s getting harder to spot a deepfake video
  • Will Facebook remove a fake video of its own CEO?
  • The US government is racing to fight deepfake
  • What is a deepfake, explained
  • Gas prices could fall below $2 a gallon for many Americans
  • The US oil boom is making history
  • America’s CFOs are bracing for a recession
  • This is why America’s travel business is worried
  • The US economy is about to break a record. These 11 charts show why

Fox Business

  • J&J, Colgate talc powder lawsuit: Firms ordered to pay nearly $10M
  • Bernie Sanders defends democratic socialism in key speech
  • Ford recalls 1.2M Explorer SUVs for suspension issue that could lead to crash
  • Stocks lower on trade worries, interest rate concerns
  • Facebook emails show CEO Mark Zuckerberg potentially knew about privacy issues, report says
  • Kohl’s to close all Off/Aisle discount stores
  • Companies with the best 401(k) plans, from Chick-fil-A to United Airlines
  • Connecticut Democrats to raise taxes on these items
  • Baby boomers aren’t to blame for Social Security troubles, study suggests
  • High-tax states dealt SALT workaround blow, but these strategies are still viable
  • Huawei urges Verizon to pay fees on over 200 patents
  • This is how Americans spend their money based on their education level
  • What is Julian Castro’s net worth?
  • Harvard offers $12K class for wealthy millennials to learn to invest for good
  • Are we heading into a recession? Some CFOs think it could happen soon
  • United Technologies CEO explains why Boston is key for new aerospace giant
  • George Papadopoulos: Undercover FBI wiretaps will exonerate me
  • Trish Regan: Did the FBI possibly entrap a Trump campaign aide?
  • 2019 ‘Pig Book’ finds government’s pork addiction getting worse
  • Mexico tariffs averted, USMCA back in bullseye
  • The Moon is a waypoint, Mars is the real destination: NASA Administrator
  • The key lifestyle changes to prevent chronic illnesses
  • Joe Biden changes his stance on China

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

9MarketIndicatorsYahooFinance6.12.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

HaveGiantsStifledCompetitionAntitrustBattleLinesDCplusManufacturedHousingMarketUpdates

Still from video, posted below.

Investors, look at which firms you are invested in.

Buckle up, because even though this promises to be a multiple year battle, it is one that per a range of mainstream sources is forming over antitrust concerns.

While they are talking about big tech for the most part, some of the allegations being made against big tech apply arguably just as much to Clayton Homes, and perhaps others that are Manufactured Housing Institute (MHI) members. 

The first video is from left of center CBS News. Let’s not forget that Berkshire Hathaway and Amazon have roughly a billion dollars’ worth of stock connections, per BRK’s recent statement. Furthermore, Amazon has entered the prefab industry.  Last for now, but not least, the control that big tech wields over information is not to be overlooked as it impacts manufactured housing and all other news day-by-day.

 

 

 

Per Right of Center Fox News…

Read this carefully, and ponder ‘Berkshire’ instead of big tech.  Doesn’t the phrasing similarly fit?

The Justice Department’s assistant attorney general highlighted the antitrust case against Silicon Valley’s major players during a Tuesday speech.

Makan Delrahim described a range of possible arguments against tech companies as his office takes the lead in probing Google and, possibly, Apple. Separately, the Federal Trade Commission is overseeing inquiries into possible antitrust practices of Facebook and Amazon.

Recall that MHProNews previously spotlighted Delrahim’s “November Rain” address. For that related address, see the link below.

 

“November Rain” – DoJ’s Top Antitrust Cop – Assistant Attorney General Makan Delrahim ABA Speech on Antitrust Enforcement for Americans

 

Makan Delrahim said the Justice Department takes a much broader view.

The Antitrust Division does not take a myopic view of competition. Many recent calls for antitrust reform, or more radical change, are premised on the incorrect notion that antitrust policy is only concerned with keeping prices low,” he said in his speech at the Antitrust New Frontiers Conference. “It is well-settled, however, that competition has price and non-price dimensions.”

Besides price, “diminished quality” is a factor the Justice Department would consider.

As an example, privacy can be an important dimension of quality. By protecting competition, we can have an impact on privacy and data protection. Moreover, two companies can compete to expand privacy protections for products or services, or for greater openness and free speech on platforms,” Delrahim said.

 

Exclusive Agreements

Delrahim said the Antitrust Division has a history of investigating “exclusive conduct” under Sections 1 and 2 of the Sherman Act.

“[Exclusivity agreements] also can be anticompetitive, however, where a dominant firm uses exclusive dealing to prevent entry or diminish the ability of rivals to achieve necessary scale, thereby substantially foreclosing competition,” he said. “This is true in digital markets as well.

MHProNews sources in Washington say that our industry’s antitrust concerns have been raised at the highest levels’ of the Department of Justice’s antitrust division.  DoJ is officially mute on the topic at this time.

An MHI connected source, with no ties to MHARR, has told MHProNews that Berkshire Hathaway has shaken up its antitrust legal team.  The indications?  Per that informed source, they are preparing for an antitrust action.

Investors: don’t get caught in a Cavco Industries style surprise.  While the report below doesn’t mention antitrust, keep in mind that the Seattle Times reported several federal investigations are underway. Think of the following as the tip of an iceberg, and consider it in the context of the DoJ statements above and linked.

 

DougRyanAmericanBankerManufacturedHousingMonopoly-postedDailyBusinessNewsManufacturedHousingIndustryProNews-575x237

While MHI’s SVP Lesli Gooch has denied the charge, Doug Ryan at CFED, and long time MHI member, George Allen, are among those who’ve raised the issue of monopolistic practices by MHI. So, while MHProNews has led the charge, ours is far from the only voice.

In reading the above, consider the report on Clayton, 21st, and Berkshire Hathaway, in the report, documents, video and other evidence, linked below. 

Related Reports:

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

Smoking Gun?!? In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

Cavco Industries Investigated Anew for Violations of Federal Securities Laws, plus Manufactured Home Industry Stock Updates

 

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

YahooFinanceManufacturedHousingIndustryConnectedStocks6122019dailyBusinessNewsMHProNews

Updated:

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.