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Children, Grandchildren, Family, Manufactured Housing, Money, and You

December 16th, 2018 No comments

 

ChildrenGrandchildrenFamilyManufacuredHousingMoneyYouDailyBusinessNewsMHProNews600

Many if not most Manufactured Housing Professionals – MHPros – know the truth about our industry’s products and services. That said, millions of people don’t know.  You might say that they have been conditioned into thinking something that is untrue. Hold that thought, because in many ways it is a key to unlocking the future profit potential for your business and location(s).

 

For longtime readers, recall, that a manufactured housing professional – an informed MHI member – is the one who suggested that we research and report on Operation Mockingbird. Google it, we did, and then we did the report at the link below.  Family Jewels was a term used in a declassified CIA document about a once-secret operation, Operation Mockingbird.

.

 

“Family Jewels,” MHVille Insider Tips, “Info Wars” and Omaha, Knoxville, California, Seattle and Arlington, and DC Connections

 

A manufactured home professional also wrote to say, “I am ready for infowars.” Hold that thought too, because unlocking that is also a way to unlock the potential for your business, products, or services.

It is axiomatic that normal people love their children and grandchildren. As with all rules about humanity, there are exceptions. Exceptions – properly understood – often can be used to prove the rule.

The most basic social unit is that of the family. “Social engineers” have been trying to redefine the family for decades, and to some degree, one must admit, that has worked. Teams and businesses have used the phrase “we are family” for some time. The performers The Sisters Sledge in 1980 cut the hot tune – “We Are Family.” Dated now, it was red-hot then.

 

 

A hit song gets played over and over – repetition.

Repetition is either good or bad depending on the subject matter.

Repeat the good over and over, and it sinks in. Repeat the bad over and over, and sadly, that sinks in too.

If someone kept repeating something harmful to your child or grandchild, in time, they could come to believe it.  Depending on the subject, certain harmful beliefs could result in injury or death.

Poison often has an antidote, a medication used to counter the effects of the poison.

The antidote to poisoned information is the truth properly told, and told often enough. That’s infowars in a nutshell. That’s why fact checks and analysis are so important. We do those fact checks and follow the money here.

Call it what you will, but the severe divisions in America are a wake-up call. It is self-evident to thinking, informed business leaders that manufactured homes are misunderstood. It is also logically true that other falsehoods and misinformation are occurring.

 

Want to unlock greater potential profits? Understanding and then communicating to others the truth is an essential part of that process.

 

PEPProtectEducatePromoteUnlockingMindsKeyToAdvancementMHProNews

We created the graphic above years ago, because we understood in a broad sense what was necessary, and how to do it. What we didn’t fully grasp was how the biggest association and the biggest companies in our industry were arguably part of the problem, not part of the solution. But thanks to tips from various informed readers, now we have got it.

While he misused the term, mobile home, Frank’s point below was arguably spot on.

 

 

You aren’t getting that clarity of reasoning above from the Arlington, VA based Manufactured Housing Institute (MHI). That clear thinking isn’t coming from Clayton Homes or any other mega-firm in our industry. Why not?

You are getting it here on MHProNews. Which is why you and thousands of others have or will log on today.

Once weekly, we present the headlines for the reports published from the week that was. We curate – hand pick with intent and deliberation – each report we give you. In our industry, we are the runaway #1 as a result of readers like you, our sources, clients, and sponsors that collectively make this site possible.

If MHProNews is writing about it, I want to know about it,” said a company leader as part of a longer message to us.

As that tipster above wisely said it – for better or worse – we are in an era of infowars. Fake news has to be understood. Which is why we have, among the topics from the week that was, a Daily Business News report on fake news, and how to spot it. That features a short video by a mainstream media expert and award-winning journalist, who is now free from her mega-company.

Help us, help you, help your team. For the sake of your children and grandchildren. This is bigger than our industry, but logically – if you focus on getting the truth out about our industry – that’s an important start.

Here, thinkers like you are not alone. In our avoidably modest-sized industry today, north of 10,000 average logged on daily in recent months, per third-party metrics. For our boutique industry, that 10,000 average daily readers is incredible market penetration.

But it is also reflective of the fact that researchers about manufactured housing – who are often investors – are here day by day too.

The two most common words we get from readers, are “thank you,” and we in turn thank you – our readers, sources, clients and sponsors. Together, we advance.

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

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

Note that we don’t create a clickable linked box for every report, but you will find over 20 Daily Business News reports that are linked for every given week.

With no further adieu, here are the curated news items and related topics from the week that was, Sunday December 9 to December 16, 2018.

 

What’s New on MHLivingNews

 

The First Step to Problem Solving and #HousingChoice

 

What’s New from MHARR

President Trump Announces Nominee Dr. Mark Calabria to Become New Director of Federal Housing Finance Agency

 

What’s New from the Masthead

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

 

What’s New on the Daily Business News on MHProNews

11DailyBusinessNewsMHProNewsLogos

Saturday 12.15.2018 

ObamaCare Struck Down, MHVille Insights, Impact, and What’s Next

ObamaCare Struck Down, MHVille Insights, Impact, and What’s Next

 

Friday 12.14.2018 

Legacy Housing Exclusive to MHProNews on Firm’s Solid IPO, Plus MH Market Updates

Legacy Housing Exclusive to MHProNews on Firm’s Solid IPO, Plus MH Market Updates

Home Loan Limits Raised in Over 3,000 U.S. Counties

Home Loan Limits Raised in Over 3,000 U.S. Counties

With Storm Clouds Over Cavco, Eyes on Legacy Housing (LEGH) IPO Today

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

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

 

Thursday 12.13.2018 

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

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

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

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

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

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

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

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

 

Wednesday 12.12.2018 

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

2019 Manufactured Housing Plant Shows

2019 Manufactured Housing Plant Shows

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

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

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

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

 

Tuesday 12.11.2018 

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

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

Border Sparks Fly! Senator Chuck Schumer, Rep Nancy Pelosi, POTUS Donald Trump Feisty Video, Costs Benefits, plus MH Market Updates

Border Sparks Fly! Senator Chuck Schumer, Rep Nancy Pelosi, POTUS Donald Trump Feisty Video, Costs Benefits, plus MH Market Updates

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

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

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

 

Monday 12.10.2018

Stocks Rebound Despite Clouds over Huawei, China, Brexit, Plus MH Market Updates

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

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

Skyline-Champion (SKY) Manufactured and Modular Factory Home-Builders, Real vs Faked or Misleading News, Reports

Skyline-Champion (SKY) Manufactured and Modular Factory Home-Builders, Real vs Faked or Misleading News, Reports

”Your Time is Up, White People” SA Politician Declares, Stirring Up Unrest Impacts MHVille, USA

”Your Time is Up, White People” SA Politician Declares, Stirring Up Unrest Impacts MHVille, USA

 

Sunday 12.09.2018 

Winter 2018-2019 in Manufactured Housing Land

Winter 2018-2019 in Manufactured Housing Land

Together with thousands of honest MHVille pros of good will, we can make our industry achieve its great potential. That’s done by making American lives better, together. “We Provide, You Decide.” © ## (Sunday Morning, weekly headline news review, analysis, and commentary.)

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

(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.

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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:

Clayton’s Miss, Kevin and Tim’s Manufactured Housing Kill Shot, More

 

What Just Happened, to Cavco, Independent Communities, Retailers, and Manufactured Housing?

 

The Coming Breakup of Berkshire? MHI? Plus Sunday Headline Recap 10-14-2018 to 10-21-2018

 

ObamaCare Struck Down, MHVille Insights, Impact, and What’s Next

December 15th, 2018 No comments

 

ObamaCareStruckDownMHVilleInsightsImpactWhatsNextDailyBusinessNewsMHproNews

A federal judge in Texas has struck down Affordable Care Act. “In a ruling sure to be appealed to Supreme Court, Texas court says the ACA, also known as Obamacare, can no longer stand without the penalty against the uninsured,” said NBC News.

 

 

The Friday night ruling was the result of a legal challenge begun by a coalition of Republican controlled states, shown in the still video graphic.

StatesSuingRepealObamaCareManufacturedHousingIndustryDailyBusinessNewsMHproNews

Still from video above.

 

Manufactured housing producers are among those firms that have had to struggle with the impacts of the law.  Various suppliers and other mid-to-larger firms were also impacted. It was an issue at Manufactured Housing Institute (MHI) meetings when the bill first passed.  That  was an ironic twist, because Warren Buffett, Nathan Smith, and several other leaders connected with MHI supported the Obama Administration’s passage and defense of the so-called Affordable Care Act (ACA).

MHProNews has long taken the position that the ACA bill’s intention may have been good, but that it was fatally flawed in execution.  We cited Thomas Sowell’s wise analysis of the bill, shown below, as but one reason why the law would never work.

 

 

Thomas Sowell, Ph.D. Economist, Thinker,

Collage credit, Wikipedia and MHProNews.com.

 

Furthermore, the Daily Business News on MHProNews has previously reported on alternatives that are lower cost, and better coverage. For more on that, see the linked related report, below the by line.

ObamaCare remains in place until the court challenges are finished, per initial reports.  This is likely to head back to the Supreme Court. There, it could well face it’s final defeat, on the same or a similar basis that this federal judge in Fort Worth ruled last night.

U.S. District Judge Reed O’Connor in Fort Worth said, “The Individual Mandate can no longer be fairly read as an exercise of Congress’s Tax Power and is still impermissible under the Interstate Commerce Clause — meaning the Individual Mandate is unconstitutional,” per NBC News. “The Individual Mandate is essential to and inseverable from the remainder of the ACA.”

Without it, Congress and the Supreme Court have stated, the architectural design fails,” according to O’Connor. “It is like watching a slow game of Jenga, each party poking at a different provision to see if the ACA falls.”

The CBS News video doesn’t mention that President Donald J. Trump and many Republicans have publicly embraced the most popular part of ObamaCare, coverage for pre-existing conditions.  It remains to be seen what a divided Congress in 219 – with Democrats controlling the House, but Republicans stronger now in the Senate – and President Trump will do.

 

No Immediate Change for Now, So Time to Replace the Law

For those who believe the law was helpful, there is time to change it. For those professionals and others who opposed the law on legal, practical, or for other reasons, there is cause to celebrate while preparing for replacement options that could cost taxpayers less, while delivering better coverage.

To see one a prior report that lays out preferable options to ObamaCare, click the related reports box, further below.  That’s Saturday’s 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 in the subject line.

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

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

 

Huge Shortage of Doctors Looming, Is ObamaCare the Fix or Blame?

 

Legacy Housing Exclusive to MHProNews on Firm’s Solid IPO, Plus MH Market Updates

December 14th, 2018 No comments

CNNmoney12.14.2018ManufacturedHomeStocksMarketsReportsMHProNewsPerhaps it was no surprise. Perhaps it was a safe call. But our prior MHProNews reports on Legacy Housing’s Initial Public Offering (IPO) proved to be prescient. On a day when the Cavco Industries (CVCO), Skyline Champion (SKY), and even Clayton Homes parent Berkshire Hathaway (BRK) all took a slide, Legacy’s first day on the NASDAQ performed well. We’ll share an exclusive from Legacy, plus some additional information from another source as our featured report this evening.

 

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

 

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

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

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

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

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

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

  • Wall Street’s darkest quarter since 2011 just got worse
  • At least 1,100 of GM’s factory workers will get new jobs
  • Opening a Robinhood savings account? It may not be insured
  • Facebook could face billion dollar fine for data breaches
  • China is temporarily slashing tariffs on US auto imports
  • Doors are slamming shut for Huawei in Europe
  • A year-end checklist for your investments
  • Investors are hypersensitive to politics
  • How 3D printers are transforming flying
  • CBS donates $20 million of Les Moonves’ severance to 18 women’s advocacy groups
  • Electric cars of the future could be recharged in 15 minutes
  • PERSPECTIVES Shell is tying executive pay to carbon emissions. Here’s why it could create real impact
  • Johnson & Johnson just had its worst day iin 16 years
  • Belmond Safaris, Eagle Island Lodge, Okavango, Botswana.
  • LVMH just bought some of the world’s most luxurious hotels
  • 20181214-google-timeline-nasdaq-FILE
  • Google’s incredible growth: A timeline
  • Costco is the biggest holiday winner
  • Amazon could win the battle for holiday toy sales
  • Watch out for these holiday shopping scams
  • It’s a do-or-die Christmas for Sears and Kmart
  • Target, Kohl’s and TJX are hot, but Wall Street is worried about the holidays
  • Starbucks Nitro Cold Brew photographed at the Olive Way Starbucks store in Seattle. Photographed on Tuesday, May 24, 2016. (Joshua Trujillo, Starbucks)
  • Starbucks is sending Nitro to all its US stores
  • Chobani unveils its next big thing: Yogurt for kids
  • Applebee’s is betting on stress eaters, and it’s paying off
  • Chick-fil-A is trying to get into your home
  • McDonald’s adds its first new breakfast sandwich in 5 years

Select Bullets from Fox Business

  • Dow tumbles nearly 500 points as global growth concerns hammer stocks
  • Alan Greenspan dishes on the economy, what’s ahead in 2019
  • Trump picks Mick Mulvaney as acting White House chief of staff
  • Johnson & Johnson reportedly knew about asbestos in baby powder
  • Betsy DeVos to cancel $150 million in student loan debt
  • Job hunting? These places have the most six-figure salaries
  • Booming US economy leading to ‘ghosting’ by employees
  • America’s banks are slowly vanishing
  • Stocks that Bank of America is betting on in 2019
  • Is the worst over for GE?
  • Facebook just reported another privacy breach
  • Amazon, New Jersey police cracking down on holiday package thieves
  • GM says it has 2,700 jobs for workers slated to be laid off
  • Oprah still ‘very involved’ with Weight Watchers, despite reports
  • This might be the reason you didn’t get a raise in 2018
  • Buying a winter home? Here are the hottest markets
  • How to lower your tax bill at the last minute
  • Continue to Personal Finance
  • K’s Theresa May is now a lame duck
  • Amazon Prime offers early ‘Aquaman’ screenings for subscribers
  • Apple vs. Amazon: A tale of new headquarters

 

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

9MarketIndicatorsYahooFinance12.14.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue12.14.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

LegacyHousingExclusiveMHProNewsFirmsSolidIPOPlusMHStockUpdatesDailyBusinessNewsMHProNews

Images are provided under fair use guidelines. Text graphics by MHProNews, photo at right, by Legacy Housing.

Let’s begin with an exclusive statement to the Daily Business News on MHProNews from Neal Suit, Legacy’s General Counsel.

NealJSuitGeneralCounselLegacyHousingDailyBusinessNewsMHproNewsTony,

Legacy is very pleased that it was able to price near the top of the range, especially in these volatile market times.  We think this reflects not only the high demand for the IPO, but also how strong a company Legacy is, whether that’s from a balance sheet perspective or based on the potential growth opportunities for the company. 

Legacy, by having a public company platform, along with a strong management team, is positioned to make a lot of waves in the manufactured housing industry in the near future.

Legacy believes the industry is seeing just the beginning of increased demand for affordable, high-quality housing, and Legacy is going to play a key role in filling that demand.

Neal Suit
General Counsel
Legacy Housing Corporation

LegacyHousingManufacturedHousingIndustryClosingBellFirstDayIPODailyBusinessNewsMHProNews

Per Nasdaq:

LegacyHousingNASDAQManufacturedHousingIndustryDailyBusinessNewsMHProNews

According to Simply Wall Street today:

LegacyHousingCorpLEGHDeliveredBetterROEThanItsIndustryDailyBusinessNews

Our prior related report, from earlier today:

With Storm Clouds Over Cavco, Eyes on Legacy Housing (LEGH) IPO Today

Bloomberg Closing Ticker for MHProNews…

NOTE: Bloomberg has not yet added Legacy (LEGH) to their Watchlist.

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

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

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

12.14.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

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

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

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

Home Loan Limits Raised in Over 3,000 U.S. Counties

December 14th, 2018 No comments

FHAHomeLoanLimitsRaisedOver3000USCounties

The Federal Housing Administration (FHA) announced late today that loans limits for 2019 will be raised for most part of the nation.

 

As manufactured housing industry veterans know, qualifying placements can allow a HUD Code home, or a modular home, to be financed with FHA insurance on the loan.

The increases are for both regular – forward mortgages, and also for HECM or so-called ‘reverse’ mortgages too.  The full HUD/FHA statement to the Daily Business News on MHProNews is as follows.

For additional details, industry professionals should contact an FHA approved lender conversant with manufactured home financing.

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

 

HUD ANNOUNCES NEW FHA LOAN LIMITS FOR 2019

Loan limits to increase in more than 3,000 counties

 

WASHINGTON – The Federal Housing Administration (FHA) today announced the agency’s new schedule of loan limits for 2019, with most areas in the country to experience an increase in loan limits in the coming year. These loan limits are effective for FHA case numbers assigned on or after January 1, 2019.

 

 

FHA is required by the National Housing Act, as amended by the Housing and Economic Recovery Act of 2008 (HERA), to set Single Family forward loan limits at 115 percent of median house prices, subject to a floor and a ceiling on the limits. FHA calculates forward mortgage limits by Metropolitan Statistical Area and county.

 

In high-cost areas of the country, FHA’s loan limit ceiling will increase to $726,525 from $679,650. FHA will also increase its floor to $314,827 from $294,515. Additionally, the National Mortgage Limit for FHA-insured Home Equity Conversion Mortgages (HECMs), or reverse mortgages, will increase to $726,525 from $679,650. FHA’s current regulations implementing the National Housing Act’s HECM limits do not allow loan limits for reverse mortgages to vary by MSA or county; instead, the single limit applies to all mortgages regardless of where the property is located.

 

Due to robust increases in median housing prices and required changes to FHA’s floor and ceiling limits, which are tied to the Federal Housing Finance Agency (FHFA)’s increase in the conventional mortgage loan limit for 2019, the maximum loan limits for FHA forward mortgages will rise in 3,053 counties. In 181 counties, FHA’s loan limits will remain unchanged. By statute, the median home price for a Metropolitan Statistical Area (MSA) is based on the county within the MSA having the highest median price. It has been HUD’s long-standing practice to utilize the highest median price point for any year since the enactment of the Housing and Economic Recovery Act (HERA).

 

The National Housing Act, as amended by HERA, requires FHA to establish its floor and ceiling loan limits based on the loan limit set by FHFA for conventional mortgages owned or guaranteed by Fannie Mae and Freddie Mac. FHA’s 2019 minimum national loan limit, or floor, of $314,827 is set at 65 percent of the national conforming loan limit of $484,350. This floor applies to those areas where 115 percent of the median home price is less than the floor limit.

HUDFHA2019LoanLimitsManufacturedHousingIndustryDailyBusinessNewsMHProNews

Any areas where the loan limit exceeds this ‘floor’ is considered a high-cost area, and HERA requires FHA to set its maximum loan limit ‘ceiling’ for high-cost areas at 150 percent ($726,525) of the national conforming limit. 

Based upon the volume of FHA endorsements in FY 2018, the following chart represents the number and share of counties where FHA loan limits are at the ceiling, floor and somewhere in between.

To find a complete list of FHA loan limits, areas at the FHA ceiling, areas between the floor and the ceiling, as well as a list of areas with loan limit increases, visit FHA’s Loan Limits Page

 

###

That’s this evening’s “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 in the subject line.

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

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

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

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

 

 

 

With Storm Clouds Over Cavco, Eyes on Legacy Housing (LEGH) IPO Today

December 14th, 2018 No comments

 

StormCloudsOverCavcoEyesonLegacyHousingLEGHIpoTodayNasdaqMHProNews

The timing of the Legacy Housing IPO is an interesting.

 

The firm is attracting attention on its own merits from investors and analysts, who – for example – note that the two principles will have some 57 percent of the stock. The solid growth track-record for Legacy (LEGH), having their own financing available, a combination of both vertical retail and independent distribution are among the talking points.  More detailed reports are found by clicking on the box linked below.

 

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

 

But beyond the firm’s own credentials for the launch today on the tech-heavy NASDAQ, are other factors that can sway investors.  The affordable housing crisis plus the obvious merits of manufactured homes (MH) are talking points that manufactured home community REITs and MH producers alike point to in their investor relations packets.

 

ManufacturedHomeCommunityREITsManufacturedHousingIndustryDailyBusinessNEwsmHProNews

 

There is no doubt that the manufactured housing market has proven to be a durable one.

 

Sun Communities Strategic Investment in Ingenia Communities, Info, Videos Beyond the Release, Plus Manufactured Home Industry Market Updates

 

For those investors who are already sold on manufactured housing, the purportedly self-inflected storm-clouds over Cavco Industries (CVCO) – for example – is a possible attraction for those who may want to hedge their portfolios by investing in LEGH.

 

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

 

But there are also what could be arguably be deemed artificial headwinds that Berkshire  Hathaway brands operating in manufactured housing, and also through the Clayton Homes et al dominated Monopolistic Housing Institute (MHI), err, pardon the typo, the Manufactured Housing Institute (MHI) to consider.

 

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

 

There is apparently more antitrust talk coming out of Washington, D.C. that at any time in recent years. The FAANG stocks and Warren Buffett led Berkshire itself are on the radar of federal regulators. Berkshire’s “Moat” strategies are becoming better understood by mainstream media, and has been spotlighted here on MHProNews in a depth not found elsewhere.

 

Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

 

Legacy and privately held Sunshine Homes have demonstrated above average growth by taking their future into their own hands by engaging in marketing apart from MHI. That’s something savvy investors should like.

2018-12-14_1449LegacyHousing1MHProNews

 

2018-12-11_1155TalkMarketsDailyBusinessNewsMHProNewsTopProducersHUDCodeManufacturedHomes

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

 

With several federal and other investigations reportedly underway against Clayton Homes, 21st Mortgage Corp (21st), and Vanderbilt Mortgage and Finance (VMF), is this the time for manufactured housing to break free of the iron grip of Berkshire? Will a combination of feds and other potentially looming legal actions against Berkshire brands and/or MHI be a boon to manufactured housing independents, like Legacy?

 

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

 

Time will, of course, tell. Clearly, the principals of Legacy apparently believe so.

They are not alone, as others have taken the regulatory rollbacks of the Trump Administration and his antitrust signals seriously.  A few other new manufacturers have also launched.

Legacy Housing IPO, Lending Tree, & New HUD Ruling Updates

And with Legacy’s recent marketing and educational efforts yielding their biggest backlogs ever, per their own filings, this will be an interesting day for traders and the industry. Many will be keeping an eye on Legacy (LEGH) during and at the close of the day, and naturally some will be jumping on their bandwagon.

ManufacturedHousingStocksLegacyHousingCorpLEGHDailyBusinessNewsMHProNews

Legacy Housing Files for IPO, Plus Manufactured Housing Industry Market Updates

ManufacturedHousingVsTotalCompletedHomesLegacyHousingS1FilingIPODailyBusinessNewsMHProNews

Legacy clearly believes in the future of the business, because they are raising capital to expand their retail base.

As a disclosure, MHProNews has no position in any of the tracked stocks in manufactured housing, and has no plans to initiate a position in the next few days. Our reports are independent, which is perhaps among the reasons why we are the runaway most read trade media in all of manufactured housing. “We Provide, You Decide.”

 

LegacyHousingAnnouncesPrincingIPODailyBusinessNewsMHProNews

DALLAS, Dec. 14, 2018 (GLOBE NEWSWIRE) — Legacy Housing Corporation (Nasdaq: LEGH), the fourth largest producer of manufactured homes in the United States and a recognized leader and innovator in the manufactured housing industry, announced today the pricing of its initial public offering of 4,000,000 shares of common stock at a public offering price of $12.00 per share.  The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Legacy Housing, are expected to be $48.0 million.  All of the common stock in the offering is being offered by Legacy Housing. Legacy Housing has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Legacy Housing common stock at the initial public offering price, less underwriting discounts and commissions.

Legacy Housing intends to use the net proceeds of the offering to expand its retail presence in the southern United States and surrounding geographic markets, provide financing solutions to select housing community-owner customers, repay debt and pursue possible acquisitions, and use the remainder for working capital and general corporate purposes.

Legacy Housing’s common stock is expected to begin trading on The Nasdaq Global Select Market on December 14, 2018, under the ticker symbol “LEGH.”  The offering is expected to close on December 19, 2018, subject to satisfaction of customary closing conditions.

The offering is being made through an underwriting group led by B. Riley FBR, Inc., Oak Ridge Financial and National Securities Corporation, which are acting as joint book-running managers for the offering.

A registration statement relating to the shares being sold in this offering was declared effective by the Securities and Exchange Commission on December 12, 2018.  This offering is being made only by means of a prospectus.  Copies of the final prospectus related to this offering may be obtained, when available, from: B. Riley FBR, Inc., Attention: Prospectus Department, 1300 14th Street North, Suite 1400, Arlington, VA 22209, or by telephone at (800) 846-5050 or by email at prospectuses@brileyfbr.com; Oak Ridge Financial, Attention: Joseph Sullivan, 701 Xenia Avenue South, Suite 100, Golden Valley, MN 55416, or by telephone at (800) 231-8364 or by email at jsullivan@oakridgefinancial.com; or National Securities Corporation, Attention: Marguerite O’Brien, 200 Vesey Street, 25th Floor, New York, NY 10281, or by telephone at (212) 417-8164 or by email at prospectusrequest@nationalsecurities.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Legacy Housing Corporation

Legacy Housing Corporation builds, sells and finances manufactured homes and “tiny houses” that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured housing communities. We are the fourth largest producer of manufactured homes in the United States as ranked by number of homes manufactured based on information available from the Manufactured Housing Institute and IBTS for the second quarter of 2018. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 390 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms. Our homes range in price, at retail, from approximately $22,000 to $95,000.

Forward Looking Statements

This press release contains forward-looking statements, including with respect to the expected closing of Legacy Housing’s initial public offering.  These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including that the conditions to the closing of the initial public offering are not satisfied.  Legacy Housing undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law.

Source: Legacy Housing Corporation

Investor Inquiries:

Neal Suit, (817) 799-4906
investors@legacyhousingcorp.com

LegacyHousingSampleInventoryManufacturedHousingIndustryDailyBusinessNewsMHProNews

From Legacy Housing (LEGH) S1. See full S1 as a download, linked here.

 

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

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

(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.

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

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

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

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

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

2019 Manufactured Housing Plant Shows

 

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

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

December 14th, 2018 No comments

JointHUDWhiteHouseAnnouncemntsAimtoRevitalizeAmericanDreamDailyBusinessNewsMHProNews

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

 

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

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

 

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

 

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

 

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

 

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

 

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

 

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

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

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

 

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

SECRETARY CARSON TO LEAD WHITE HOUSE

OPPORTUNITY AND REVITALIZATION COUNCIL

 

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

 

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

 

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

 

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

 

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

 

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

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

###

1600DailyWhiteHouseOpportunityZonesDailyBusinessNewsMHProNews

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

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

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

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

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

President Trump is lifting up the communities that Washington forgot.

Watch: The President signs today’s executive order

  ——————————-

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


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

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

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

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

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

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

Watch: President Trump host Democrat leaders in the Oval Office

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

###

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

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

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

Strong Job, Economic Data Contrast with Market Fears, Plus MH Stock Updates

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

December 13th, 2018 No comments

HUDSecretaryJulianCastroManufacturedHousingIndustryDailyBusinessNewsMHproNews

 

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

 

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

JulianCastroWikiDailyBusinessNewsMHproNEws

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

 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

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

 

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

 

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

 

 

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

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

 

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

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

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

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

 

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

 

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

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

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

 

Understanding the News as Business, and Manufactured Housing

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

 

 

 

 

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

December 13th, 2018 No comments

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

 

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

 

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

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

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

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

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

 

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

 

Select bullets from CNN Money…

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

Select Bullets from Fox Business

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

 

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

9MarketIndicatorsYahooFinance12.13.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue12.13.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

CavcoIndustriesLogoCVCOCavcoManufacturedHousingImageLegalIncomingTipCavcoPlusManufacturedHousingIndustryConnectedStocks

 

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

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

It’s all on the SEC “Edgar” site.”

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

MHProNews has no positions in any track stocked.

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

 

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

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

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

Yesterday’s Related Report on Cavco is linked below.

 

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

Related Report:

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

Bloomberg Closing Ticker for MHProNews…

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

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

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

12.13.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

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

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

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

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

December 13th, 2018 No comments

 

#1TexasExperiencesShipmentDropFactRevealWarningSignsDailyBusinessNewsMHproNews

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

 

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

 

2018-12-13_1544MHAO7StateSouthCentralUnitedStatesManufacturedHomeShipmentsManufacturedHousingINdustryDailyBusinessNEwsMHproNews

 

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

 

MHARROct2018ManufacturedHousingIndustryProductionReportDailyBusinessNewsMHProNews601

 

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

 

ManufacturedHousingInstituteMHILogoOctober2018HUDCodeHomeShipmentsDeclineDailyBusinessNewsMHProNews

 

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

 

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

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

 

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

 

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

 

Balance

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

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

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

 

 

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

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

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

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

December 13th, 2018 No comments

 

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

 

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

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

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

It was Google.

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

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

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

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

 

Powerful Interest Trying to Manipulate

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

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

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

 

 

Attkisson gives expert tips.

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

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

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

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

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

Crickets. That speaks volumes.

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

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

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