Archive

Archive for the ‘Association’ Category

White House Signing Ceremony on Historic Pro-Growth Financial Regulatory Reform

May 25th, 2018 No comments

WhiteHouseSigningCeremonyEconomicRegulatoryReliefConsumerProtectionActDailyBusinessNewsMHProNews550x315

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement to the Daily Business News upon attending a signing ceremony at the White House for S. 2155.

 

The “Economic Growth, Regulatory Relief and Consumer Protection Act,” is the formal name for S 2155, which was signed into law yesterday.

The White House pressroom provided the video below.

 

 

Hensarling’s office tells MHProNews that this “represents the most significant pro-growth financial regulatory reform package since the passage of Gramm-Leach-Bliley nearly a generation ago.”

JebHensarlingTXRHouseFinancialServicesCommitteeWikipediaDailyBusinessNewsMHproNews

Jeb Hensarling, official photo, chairman of the powerful House Financial Services Committee, R-TX.

Thanks to hard work and leadership in both the House and the Senate, this pro-growth, bipartisan package will provide much-needed regulatory relief to Main Street banks and credit unions,” the Texas Republican told MHProNews.

This bill takes a major step toward allowing the banking system to serve the needs of American businesses and American families instead of working in the interest of Washington bureaucracy,” Hensarling said.“I look forward to continuing to work with my colleagues on both sides of the aisle and in both chambers to build on the progress we achieved here with an additional package of bipartisan pro-growth capital formation provisions to unleash the full potential of our economy.”

While a national manufactured housing association is trying to crow about this somehow being their success, long-time, careful MHProNews readers know that the Manufactured Housing Institute declined a deal like this by agreement with the non-profit groups, during the Obama years. If this was a good deal now, why wasn’t it a good deal then?  See related reports, linked below, for more.

Based upon her own campaign pledges, this deal to pass S 2155 would not have happened under a Madam Clinton Administration. The Trump Administration, those in Congress who voted yea, plus those who supported them are the ones who deserve the credit.

Again, as a reminder, the Manufactured Housing Institute had two paid pro-Clinton speakers on their stage in Chicago just days before the 2016 election. Why don’t they mention that in their message to member?

MHI’s most powerful members are part of Warren Buffett led Berkshire Hathaway.  They never thought that Donald Trump would win, they never saw the roll back to Dodd-Frank elements signed into law this week coming.

An industry member called just minutes ago, laughlingly said thanks for the “telling the truth,” and spoke about Tennessee “mountain men,” who stick up for each other.  He used a HatfieldMcCoy feud analogy.  He explained that the industry is in a blood feud, a fight to the finish. Smiling faces should not be confused with reality.  That’s why industry members have left MHI, and some are formalizing a new trade association.  More on that in the related resources, linked below.

They arguably have no victory lap to take in Arlington, Knoxville, or Omaha. If they want to debate that publicly on video, they should let our publisher know.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

 

Skyline Corp, Champion Home Builder M&A Updates, Stockholder Insights

May 25th, 2018 No comments

SkylineCorpLogoSKYChampionHomebuildersLogoManufacturedHousingIndustryDailyBusinessNewsMHProNews

Skyline Corporation and Champion Enterprises Holdings, LLC, the parent company of Champion Home Builders, Inc., previously announced merger/acquisition (M&A) is set to close within the next two weeks, according to sources familiar with the matter.

 

Recent press releases have not announced a set date, but they have pointed to a closing expected before the end of the first half of 2018.

SkylineCorpStrengthKnowledgeTrustSnapshotlogoDailyBusinessNewsManufacturedHousingINdustryMHProNews

Skyline (SKY) shares have soared since the announcement, as the graphic below reflects.

SkylineCorpBloombergStocksDailyBusinessNewsMHproNews

The one year stock performance tells a tale, note the line for the day the M&A deal was announced.

A stockholder told the Daily Business News that their firm expects the stock to rise even higher once the M&A is complete.

That source in an emailed message – quoting verbatim – said:

“- first broker picked up coverage on the stock today-price target 37$

– Your going to see a lot more activity next week after the deal closes. I bet 3-4 banks pick up coverage on the stock. 

-These guys + CVCO have wind at their back – housing inv is tight, prices moving up on site built, no major capacity coming on

While there are some new production centers – including one for Champion – being established, as MHProNews has previously reported, the points made by a verified stockholder are interesting ones.

In a release last week, the Daily Business News was advised, “Skyline Announces Intent To List On The New York Stock Exchange…” and, another release stated that the stock will declare a special dividend in a matter of days.

As a disclosure, MHProNews takes nor holds a position on any industry stock. Champion is one of those companies that have been making the move to “go vertical” in recent years.  They did so in the 1990s as well.

Stay tuned for the anticipated announcement, which per sources could be completed on or before the middle of June, 2018.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

That M&A would give the new Skyline/Champion the number 2 position in the industry, ahead of Cavco, but still dwarfed by Clayton Homes.

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

It continues the trend of consolidation within manufactured housing, which concerned members say that the Manufactured Housing Institute (MHI) may be fostering, a claim that MHI has neither affirmed nor denied. However, in a practice similar to other trade associations, MHI issues an antitrust warning in their meetings.  ##  (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

Skyline Corp, Champion Homebuilders Conference Call Presentation Facts, Figures, Forward-Looking Statements, Planned Merger Detail$

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

 

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

May 25th, 2018 No comments

ManufacturedHousingInstituteMHILogoRickRandMartyLavinNewNationalTradeGroupAnnouncedManufacturedHousingIndustryDailyBuisnessNewsMHProNews

We are at the tip of the iceberg,” for the manufactured home industry’s opportunities, said Rick Rand of Great Value Homes in WI.

 

 

RickRandGreatValueHomesManufacturedHOmeLivingNewsManufacturedHomeCommunityNotMobileHomeParkDailyBusinessNewsMHProNewsRand – a Manufactured Housing Institute (MHI) board member, and award-winning communities veteran – would not weigh in on the latest controversies about the Arlington, VA based trade group.

 

 

Posturing

As the Daily Business News previewed last night, and per the Masthead prediction earlier this week, MHI is posturing. They are doing a ‘victory lap’ to their members about the passage of a Dodd-Frank rollback bill, which included the MHI-backed MLO provision.

But even as MHI is attempting to rally their troops, others have walked out of the Arlington-based trade group.

Some of them have been pushing and organizing a new post-production trade association  for manufactured housing.  The word is that the new communities group has already been formed, and will be formally announced, per industry sources.

 

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

MHI award-winner Marty Lavin had several things to say about the Arlington, VA based trade group. But Lavin stopped short of calling for a new association.  “Good luck,” he said about that, because he is not convinced that it will work.

MartyLavinTataroAwardWinnerManufacturedHousingInstituteSpySeaFollowtheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMHProNews

While Lavin and Rand wouldn’t ‘go there’ – yet – on the new association mood and movement, Lavin did unload on MHI on several levels.

ChrisStinebertManufacturedHousingInstituteMHIPresidentCreditTheJournalManufacturedHomeProfessionalNewsMHProNews

Chris’ final letter to the Journal was a polite, yet arguably veiled slap to MHI. See that, linked here.

In my opinion, Chris Stinebert was the most effective [MHI President] by far, but he was in thrall to the big boys,’ said Lavin in an on-the-record statement.

Chris knew where his dinner came from. The job he now has shows his worth. Left alone he would have been very good,” Lavin told the Daily Business News via text.

But none of them [the MHI presidents] are effective because of their strict loyalty to the “big boys,” who determine their job retention,” said Lavin, who spent decades in volume manufactured housing retail, had a GM dealership, manufactured home communities, and was a finance expert who served on numerous MHI boards and task forces.

Lavin was asked about the effectiveness of MHI for their broader membership, beyond the big boys? He said that MHI presidents should not be seen as loyal to the association’s [members] or [the MH] industry.”  It was a stinging rebuke for Arlington.  He elaborated.

Look at every [MHI] Chairman in the last 30 years. Any plain Jane boys there?  Say like Doug Gorman,  you or me? Never happen,” the attorney, volume retail, communities and finance veteran modestly said, in as much as Lavin is an industry success story in his own right.

Lavin added, “So the association [MHI] is not there for the “industry,” unless the interests of the Big Boys join the industry’s.”

Ouch.

 

Former MHI Member Sounds Off

Speaking via email to MHProNews about the passage of S. 2155, an award-winning, former MHI member had this to say.

Typical MHI…making a big deal out of something that Congress would have easily given to the industry…years ago, if the selfish folks had not kept it hostage to their other demand, which they knew darn well all along they will never get…what a rip-off of the honest and trusting industry folks by these rogues and their enablers.”

The reference to the “other demand” was about the points-and-fee rule that has debatably kept the Preserving Access to Manufactured Housing Act from passing for years. Was that points-and-fees rule MHI leadership stubbornly clung to for years – and the multi-millions of dollars of failed efforts – now DOA?

Rephrased, will MHI still pursue the points-and-fees rule? Let’s wait and see…if they even bother to directly address it, unless they are pushed into discussing it. That alleged lack of transparency has dogged MHI in recent years.

 

AZ, NV, with Allen and SECO? The New National Association

Sources with ties to George Allen, and Spencer Roane-led SECO are telling MHProNews that that two communities associations that exited MHI last year – NV and AZ – are announcing the launch of a new national communities trade group.

The western manufactured home communities leadership will be addressing members of George Allen’s “round table” later this year.

One source speculated that this may be Allen’s last roundtable meeting.

A representative of the AZ and Nevada communities group also plan to address the Spencer Roane led SECO conference later this year, as the western communities associations are looking to recruit new members for their reportedly formed national group.

Spencer Roane w/Southeast Community Owners (SECO), Praises Tom Lackey, Accused of Rent-to-Own Manufactured Home Sales Improprieties

Among the calls and messages to MHProNews on this new association topic yesterday was a range of enthusiasm-to-concerns over the nascent project. Some examples of those concerns included, but are not limited to:

  • Will the AZ and NV association’s new national effort lead to members of state associations peeling off?
  • Will there be a split among Allen and Roane’s following, especially in the wake of problematic mainstream media reports about a SECO board member?

There is insufficient insight to address those or other concerns at this time.

But in principle and with qualifiers, MHProNews editorially supports the formation of a new national post-production trade group, which will presumably draw a number of new members from MHI.  Given the right effort, it can be successful.

The prototype for that is the Manufactured Housing Association for Regulatory Reform (MHARR), which launched decades ago, and is still going strong today as a voice for the industry’s independent producers.

 

MHI Member blasts Jennison, and MHI “Deceptions”

One caller familiar with the new development launched into a colorful tirade against Jennison, who the caller said “kisses -ss,” and does exactly what his “bosses” want him to do for them.  It was a clear echo of the view that Lavin expressed, from an entirely different part of the nation.

Another message to MHProNews expressed the notion that the Washington Post article did serious harm to MHI’s credibility, since Lesli Gooch told the “leftist,” and “anti-Trump” newspaper (message quotes), outraged “that MHI made no move to have Pamela Danner removed from HUD.”  Expletives peppered that message, while thanking MHProNews for its detailed coverage on that topic.  A recent report on that Washington Post story that favorably mentions MHARR’s effectiveness is linked below.

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

 

The View from the Masthead

The word “Masthead” has more than one meaning;

  • the highest perch on top of a sailing ship,
  • and the listing of those who are the “pecking order” for a newspaper, or other media publication.

Each use of the term masthead at its core implies a greater visibility, and thus greater insight.

Once you understand the realities of the industry vs. it’s various claimed dynamics, it becomes clearer what must be done to advance the cause of manufactured housing,” said L.A. “Tony” Kovach, whose name is on the MHProNews Masthead – or editorial – blog.

Once the good people of the industry were clearly and repeatedly exposed to the realities of MHI, it was only a question of time that a few things would occur.  One, that those with the stamina and backbone would break ranks with MHI. Two, that MHI would be forced to pivot on a variety of previously flawed positions,” Kovach opined.

We don’t have to know every nuance and angle to know that the laws of human nature are as powerful as the law of gravity. In science and with people, there are certain things that occur in a genuine leadership vacuum. Voices from associations like MHARR – or the community associations of AZ and NV – are examples of what forward thinkers, once awakened to reality, will do,” Kovach said. He offered qualified encouragement to the effort.

IfPrettyPicturesVideosAloneWereEnoughMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews1

Learn more about the above, linked here.

Because MHProNews gathers insights from a wide array of sources, the insights from ‘the masthead’ are often uniquely accurate.

There are several developments and related announcements expected in the next few days, perhaps after the Memorial Day weekend.

 

The Wrap

Drawing to a close for this report, Rick Rand’s enthusiasm for the future of manufactured housing being at “the tip of the iceberg” of the industry’s great potential is arguably correct.  While Rand or Lavin didn’t say it, the formation of a new association – which MHARR, this publication and others have been calling for – could be a welcome development for the industry.

It is worth mentioning that at one time, manufactured housing had numerous regional and national trade groups.  So, this nascent effort by AZ and NV has precedent.  In fact, it is arguably overdue.

MHARR has not weighed in on the new effort, but it has been promoting a new post-production group’s formation, as one of the related reports linked below will detail.

Media Tips to MHProNews: there is also word from mainstream media sources about an issue related to part of the above, which could hit the wires soon. Stay tuned here for more from the leading MH “Industry News, Tips and Views, Pros Can Use.” ©  ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

Happy MH Owners? Good Professional Actors? Overlooked, “Honorable People”

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

 

Home Values Rising Rapidly, Yet MH Lags? Plus Manufactured Housing Industry Market Updates

May 24th, 2018 No comments

CNNmoney5.24.2018ManufacturedHomeStocksMarketsReportsMHProNewsManufactured housing’s Arlington based association has taken its expected victory lap on the signing of the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” as predicted. But MHI has had more than one slap-in-the-face this week, and that backhand came from among the ranks of the post-production sector. That gut punch has come from former MHI members. Juxtapose that with the news about the mainstream housing values report rising, and you have the bookends for yet another sign that the industry could be doing much, much better. That later, broader housing market point will be our featured report, tonight.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves 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.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Netflix is now worth more than Disney and Comcast
  • How Starbucks will train its staff to be less biased
  • Stocks sink after Trump cancels North Korea summit
  • GDPR, explained
  • Everything you need to know about Europe’s new data law
  • After Russia scandal, Facebook begins labeling political ads
  • US car tariffs: Which countries have the most to lose?
  • Richard Branson wants you to rethink cruises
  • US car imports may be the next target for tariffs
  • Companies have spent a stunning $2 trillion on mergers so far this year
  • Exxon pledges to slash greenhouse gas emissions
  • Many college grads from the Great Recession are still trying to catch up
  • Facebook will push privacy alert to users outside EU ahead of GDPR
  • Apple now lets Europeans download all the data it holds on them
  • Too many GDPR emails? Twitter has some light relief
  • Turkey’s economy at risk as currency hits record low
  • War of the media moguls: Is Comcast’s Brian Roberts outflanking Disney’s Bob Iger?
  • Younger workers are making this major financial mistake
  • How to save $9,000 on your mortgage
  • Best Buy’s strong sales leave Wall Street wanting more
  • Deutsche Bank is cutting more than 7,000 jobs
  • CEO and 7 directors quit sanction-hit Russian aluminum giant

Selected headlines and bullets from Fox Business:

  • Dow drops as Trump says North Korean meeting canceled
  • Dodd-Frank rollback ‘welcome news’ for small banks
  • What you need to know about Dodd-Frank rollback
  • Twitter rolls out stricter rules ahead of midterm elections
  • War on straws: 5 eco-friendly alternatives to plastic
  • McDonald’s among companies facing pressure.
  • Uber Arizona fatality: NTSB says self-driving SUV’s automatic braking was disabled
  • United Airlines reaches ‘resolution’ with family over dog death
  • Google, Apple could also face ‘Amazon taxes’
  • GDPR takes effect: What you need to know
  • Could Apple’s new second headquarters land here?
  • IRS may squash SALT workarounds in high-tax states
  • Kroger buys Home Chef, maker of meal kits
  • Susan G. Komen Foundation honors FBN’s Gerri Willis with ‘Impact Award’
  • Here’s how much ObamaCare premiums will rise in 2019

 

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

9MarketIndicatorsYahooFinance5.24.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue5.24.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

Zillow has published a new report, which will get a deeper treatment on the Daily Business News in the days ahead.

The top-lines from Zillow, via a release to MHProNews are as follows.

  • Home Values Rise at Fastest Pace in 12 Years
  • Median home values across the nation rose 8.7 percent over the past year to $215,600, according to the April Zillow Real Estate Market Report
  • Home values across the U.S. are rising at their fastest pace since June 2006.
  • The median U.S. home value is $215,600, up 8.7 percent over the past year
  • Home values are rising the fastest in San Jose, Calif., Las Vegas and Seattle. San Jose home values appreciated 26 percent since last April.
  • Median U.S. rent rose 2.5 percent over the past year to $1,449. California markets Sacramento and Riverside reported the greatest increases in median rent.

Each of these facts ought to spell out indirectly why manufactured housing ought to be roaring, not snoring.

The video below will give you a snapshot from a local media outlet on the Zillow report, and give another indicator as to just how much housing values are rising.

 

There are several reasons that this matters the MHVille.

ZillowHomeValueIndexDailyBusinessNewsMHProNews

Want the cliff notes? See the linked related reports, below – ICYMI.  To sign up for our industry-leading, 2x weekly emailed headline news, click here. From large-medium-small, enterprises of all sizes are on this read-hot e-news list.

Related Reports:

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

HUD’s New Man, Officials Statements, with Insider Info Beyond the Media Releases

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).

5.24.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.”

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.)

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

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

May 24th, 2018 No comments

ClaytonHomesManufacturedHousingLogoManufacturedHomeINdustrytop25HUDCodeHomeBuildersDailyBusinessnewsMHPronews

There is nothing quite like pie charts, facts and figures to dramatically illustrate what has taken place in HUDVille – the manufactured housing industry – over the last several years.

Trend lines are important for lenders, investors, and business owners to be aware of, and these graphics should also be noteworthy to policy advocates, legal minds, and public officials too.

The first illustration below is from a 2004 issue of the MH Merchandiser Magazine. It shows the top 25 manufactured housing industry producers.  Please note that there is no similar listing that has been done for several years.  Why not?  Would the list of the facts of the top 25 producers of HUD Code manufactured housing prove alarming for independent retailers, communities, producers, suppliers, and others? Is it information that the Arlington, VA based Manufactured Housing Institute (MHI) doesn’t find useful to discuss?

Top25ManufacturedHomeMerchandiser2004ManufacturedHousingIndustryDailyBusinessNewsMHProNews600x929

To see a larger version of this same page, click here or the image itself.

The next illustrations are pie charts created by MHProNews, and based upon the sources as noted herein.

According to the data from the Merchandiser, Berkshire Hathaway purchased two significant manufactured housing brands in 2003.  The combination of Clayton Homes and Oakwood Homes that year, yielded just over a 21 percent market share.

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Harken back to the painful realities underscored by quoted statements made by Berkshire Hathaway Chairman Warren Buffett and 21st Mortgage President and CEO, Tim Williams in 2009.  Those direct – and in context – quotes are found in the Smoking Gun 3 report. The Kevin Clayton video, linked here, shows him saying that the market share of Clayton Homes in 2011 was 25 percent.  Let’s take Kevin’s statement at face value.

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2011DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Finally, the data supplied this year by Berkshire Hathaway – which does not precisely break down manufactured housing, modular homes and other models Clayton Homes builds – indicates that they held a 50 percent market share of manufactured housing in 2017.

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2017DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Note that trend line since the 2009 Smoking Gun 3 report time frame?  Prior to 2009, Clayton Homes grew modestly as a percentage of the industry’s shipment totals, as manufactured housing continued to contract.

Since 2010, Clayton Homes percentage of the industry has soared.  That’s put a number of the businesses listed in 2003, out of business, per the Manufactured Housing Institute’s (MHI) own data.  Ouch…

That trend-line, per concerned independent voices to MHProNews is a crushing one.  At what stage will federal regulators, and anti-trust authorities step in?  Recall that the Seattle Times has reported just days ago that the Department of Justice (DoJ), HUD, and others are investigating Clayton.

Please see the linked related reports, below. Bookmark this article, because you will want to share it with your circle of influence, and periodically refer back to the facts that this column provides.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

HUD’s New Man, Officials Statements, with Insider Info Beyond the Media Releases

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

MHI Lender Shakes Up DTS and MLO Rule Discussions

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

LATonyKovach-QuestioningNYSAAteam-NewYorkHousingAssociation-MHProNews-com-PhotoCreditMarkSimon-250x167

L. A. “Tony” Kovach, photo by Mark Simon, shows Kovach engaging with SAAs in NY.

By L. A. Tony’ Kovach, publisher of MHProNews.com.
Tony is the award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

HUD’s New Man, Officials Statements, with Insider Info Beyond the Media Releases

May 24th, 2018 No comments

HUDsNewManBrianMontgomeryManufacturedHousingINdustryDailyBusinessNewsMHproNews

HUD has a new man in a significant role at HUD. We will get into the various “official” statements about Brian Montgomery. But we begin with a backgrounder.

 

Mr. Montgomery has a track record, and the question industry professionals must answer is simple. Will he operate as he did during his time in the Bush era and first few months of the Obama Administration? Or will he operate more akin to what the Trump Administration standards are?

Those are multi-billion-dollars-a-year questions for the independent businesses in manufactured housing.  It is also potentially a multiple-trillion-dollar economic growth opportunity for the Trump Administration, if Mr. Montgomery does his job properly.

BrianMontgomeryHUDManufacturedHousingINdustryDailyBusinessnewsMHproNews

The answer to those questions will determine who will replace Pam Danner in her former role as administrator over the HUD Code Manufactured Housing Program.

The answer to those questions will determine if HUD finally implements a robust use of FHA lending, removing the problematic Title 1 “10-10” rule.

The answer to those questions would lead to sound cost-benefit analysis of all regulations, contracts and procedures.

And of course the all-important enhanced preemption that could unlock billions for the industry, and an estimated $2 trillion dollars in U.S. economic growth potential.

YIMBY vs. NIMBY, Obama Admin Concept Could Unlock $1.95 Trillion Annually, HUD & MH Impact

 

Insider Info, Setting the Table

A federal official told MHProNews that it is useful to understand the true nature of how the federal government has operated for decades.

Think of Washington like a huge till that lobbyists, businesses, and organizations seek to ‘legally’ take money — all at taxpayer expense.

D.C. operates like a cash register that once unlocked, can yield significant-to-huge payoffs to those who gain access.

BrianMontgomeryCashRegisterManufacturedHousingIndsutryDailyBusinessNewsMHproNews

 

That’s why lobbying exists.

That said, when MHI is championing someone –

– is that person supported by MHI one to watch more closely? Or is MHI supporting someone to curry favor with Montgomery, because he is the president’s pick, and a foregone conclusion?

The Manufactured Housing Association for Regulatory Reform (MHARR) has remained silent on this matter. Perhaps they are taking a wait and see position on Montgomery?

Keep in mind that MHI’s most prominent puppet-masters are the Berkshire Hathaway owned brands. Berkshire Chairman Warren Buffett made it no secret about the fact that he strongly opposed the Donald J. Trump candidacy, while publicly supporting Secretary Hillary Clinton.

Based upon her own pledges, Ms. Clinton would not have supported measures such as S 2155.

We can editorially agree with Buffett and his vice-chairman, Charlie Munger on a few key points. Reading – not skimming – is necessary to understanding. The lessons of history are not to be overlooked. One must deeply ponder not just words, but deeds.

Ironically, the Buffett-Munger view on reading deeply is similar to a Donald Trump maxim. The 45th president believes that it pays to know as much as you can about something that impacts your business.

After a decade of failed Arlington ‘leadership,’ the industry can’t afford to leave this issue to chance.

  • If Montgomery operates in a Trumpian fashion of no-unnecessary regulations, and
  • if he will boost the industry’s access to credit independent of Berkshire Hathaway brands, terrific.
  • But if not, then it is crucial that his actions be monitored.  In that scenario, Secretary Carson, and the White House will need to be alerted.
  • Pam Danner found implicit, de facto support from MHI team members, per our sources inside and outside of MHI. Danner got that support from MHI team members before she took the role.

MHI’s prior statements on Montgomery are found as a download, linked here.  Always be mindful of the above as you read this or any other MHI statement.  Keep in mind the Marty Lavin maxims: pay more attention to what people do than what they say, and follow the money.

Be mindful to that forwarding or posting correct information is useful to others. By contrast, anyone can forward an email or post a link about an undigested narrative. A proper analysis requires a range of insights and inputs, one that separates the wheat from the chaff.

Stating the obvious, the Washington, D.C. swamp is complex. Montgomery’s appointment could work out fine, or it could be problematic. Time will tell.

But the good news is that President Trump has shown his willingness and ability to pivot on an appointment that is not working out for his agenda to grow business, jobs, and raise the standard of living for millions of Americans of all backgrounds.

Dr_Ben_Carson__wikipedia

Dr. Ben Carson, HUD Secretary, official photo.

Secretary Carson has called the regulations under Danner’s term over the Office of Manufactured Housing Programs (OMHP) “ridiculous.”  If Secretary Carson and the Trump administration work closely with Montgomery so that the president’s agenda is carried out, then this could be a positive.  Again, time alone will tell.

Unlocking the full power of the Manufactured Housing Improvement Act, especially enhanced preemption, could create millions of new affordable homeowners while reducing federal housing subsidies over time.  So, the Montgomery appointment must be carefully monitored.

 

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

 

Clues to watch? 

If Montgomery removes the onerous “Ten-Ten” rule over FHA Title 1 chattel lending, that would be a good sign that he is not under the undue influence of Berkshire Hathaway brands.

Another will be who Montgomery and Secretary Carson appoint to fill the Danner vacancy.

If Montgomery – who will be more hands-on over the manufactured housing program and FHA loans than Secretary Carson – “enforces the law” and promotes businesses and jobs, per the Trump Administration mantra, then this will be an appointment to be celebrated. But that must be based upon deeds, not promises. We don’t need another four years of the debatably disastrous Pam Danner style era.

With that backdrop, what follows below is the formal release from HUD to the Daily Business News.

 

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

SENATE CONFIRMS BRIAN MONTGOMERY TO LEAD FEDERAL HOUSING ADMINISTRATION

WASHINGTON – By a vote of 74-23, the U.S. Senate today confirmed President Donald J. Trump’s nomination of Brian D. Montgomery to serve as Assistant Secretary of Housing at the U.S. Department of Housing and Urban Development (HUD) and Commissioner of the Federal Housing Administration (FHA).

Montgomery’s confirmation marks his second term as Assistant Secretary for Housing and FHA Commissioner at HUD.  He previously held the job under President George W. Bush, staying on for six months after President Barack Obama’s inauguration.

Brian brings a wealth of housing knowledge and experience to HUD having held this position in two previous administrations, and we are excited to welcome him back to the Agency,” said HUD Secretary Ben Carson.  “FHA’s work is critical to HUD’s mission of advancing sustainable homeownership opportunities and quality affordable housing for all Americans.  Brian understands this better than anyone and will be ready on day one to address the challenges of today’s housing market.”

I’m honored to have the opportunity to serve with Secretary Carson and the team at HUD to further equal access to affordable rental housing and homeownership opportunities and seek solutions to restore vitality to the housing market,” Montgomery said.

In addition to previously serving in the position, Montgomery has also held several other top positions throughout the government and housing industry, including Co-founder and Partner at the Collingwood Group, Deputy Assistant to the President from 2001 to 2003 including service as Secretary to the Cabinet from 2003 to 2005, and Board Member on the Federal Housing Finance Board, the Housing and Economic Recovery Act of 2008 Oversight Board, and NeighborWorks America Board.

Montgomery was nominated by President Trump on September 12, 2017. Today’s full Senate vote comes six months after the Senate Banking, Housing and Urban Affairs Committee approved Montgomery’s nomination. The full text of his congressional testimony can be found here[1] ###

Watchfulness. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

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

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

LATonyKovach-QuestioningNYSAAteam-NewYorkHousingAssociation-MHProNews-com-PhotoCreditMarkSimon-250x167

L. A. “Tony” Kovach, photo by Mark Simon, shows Kovach engaging with SAAs in NY. 

By L. A. Tony’ Kovach, publisher of  MHProNews.com.
Tony is the award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

Fed – Atlanta – Projects Record GDP Growth for U.S., the Detail$, MH Industry Outlook

May 23rd, 2018 No comments

FedAtlantaProjectsRecordGDPGrowthUSDailyBusinessNewsMHproNews

The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay,” said the Atlanta Federal Reserve on Tuesday.

 

Our GDPNow forecasting model provides a “nowcast” of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis,” per their statement to the Daily Business News.

GDPNow is not an official forecast of the Atlanta Fed,” they explained. “Rather, it is best viewed as a running estimate of real GDP growth based on available data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model.”

 

Latest forecast: 4.1 percent — May 16, 2018 

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.1 percent on May 16, unchanged from May 15,” per the Atlanta Fed.

AtlantaFedGDPNowForecastsRecordGrowthDailyBusinessNewsMHProNews

An increase in the nowcast of second-quarter real private fixed investment growth from 5.2 percent to 5.9 percent after this morning’s new residential construction release from the U.S. Census Bureau and this morning’s industrial production release from the Federal Reserve Board of Governors was largely offset by a decrease in the nowcast of the contribution of inventory investment to second-quarter real GDP growth from 0.81 percentage points to 0.72 percentage points,” per their statement to the Daily Business News.

 

Manufactured Housing Industry Outlook

Good economic news should be good for all housing.  Manufactured housing is no exception.

But based upon recent new manufactured housing shipment trends, the current estimates for 2018 would place manufactured housing shipments around 100,000 (+/-) new HUD Code manufactured housing shipments.

HUD Code Manufactured Home Shipments, Housing Production – March 2018 Data

Given the fact that America has its best economy in well over a decade, the relative tepid recovery for manufactured housing ought to be a concern.

A Manufactured Housing Institute (MHI) member told MHProNews that since the their Las Vegas event, the tepid response to the Ducker Worldwide report may explain why that plan has had relative little comment from Arlington.

Manufactured Housing Institute “Walk Out,” “Cover Up,” and Shock at their Vegas Event

The Manufactured Housing Association for Regulatory Reform (MHARR) released a new statement on post-production related concerns, in a related report, linked below. ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

 

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

 

Shifting Momentum, Demographics, Women, the 2018 Midterms, and Manufactured Housing

May 23rd, 2018 No comments

POTUSDonaldJTrumpWhiteHouseShiftingSuisanBAnthonyWomenMomentumManufacturedHousingDailyBusinessNewsMHProNews

If one takes candidates at their word – which is never a given once they are elected  – it must be noted that candidates Secretary Hillary Clinton, and businessman, builder and media maven Donald J Trump each made a range of stated policy positions.

 

Last night, the House passed S. 2155, see that report linked below. The bill gives manufactured housing professionals some benefits and relief from Dodd-Frank.  It fulfills part of the 45th presidents pledge to undo what he said was the economic damage wrought by the CFPB and the Dodd-Frank regulatory regime.

 

That bill which has now been passed by the House and Senate would not have been signed had Ms. Clinton been the president, per her own statements.

By contrast, there is every expectation that President Donald J. Trump will sign the measure that provides relief for the industry on the MLO rule and other fronts.

Also last night, President Trump, addressed the conservative, pro-life women’s group gala, the Susan B. Anthony List. He was welcomed like a rock star.

The video posted will reflect several things that industry leaders, investors, and strategists should consider. Note that the female population is slightly larger than that of men. Note to the charts that will follow.

First, the president is repeating a theme, that the group also spotlighted – “promises made, and promises kept.”

Next, the pro-life group is pledging a serious voter mobilization effort for the fall.

Note that the NRA – the National Rifle Association – has made a similar pledge to the president for supporting candidates that he and his party will back. The president and Vice President Mike Pence are signaling that they will be very active on the campaign trail in much of the rest of 2018.

Reuters’ latest generic ballot has now tipped the midterm race slightly ahead for GOP candidates over Democratic ones. It is a tidal shift from the end of last year.

According to Vote Run Lead, exit polls reported that 53 percent of voters in the 2012 election were women.

In every presidential election year from 1980 – 2008 women have outnumbered men in voting Democratic and the same is true for men outnumbering women voting Republican,” says Wikipedia.

The U.S. Census Bureau tells the Daily Business News that, “Voting rates have also historically varied according to age, with older Americans generally voting at higher rates than younger Americans (Figure 4). In 2016, this was once again the case, as citizens 65 years and older reported higher turnout (70.9 percent) than 45- to 64-year-olds (66.6 percent), 30- to 44-year-olds (58.7 percent) and 18- to 29-year-olds (46.1 percent). However, in 2016, young voters ages 18 to 29 were the only age group to report increased turnout compared to 2012, with a reported turnout increase of 1.1 percent. All older age groups either reported small yet statistically significant turnout decreases (45- to 64-year-olds and those age 65 and older) or turnout rates not statistically different from 2012 (30- to 44-year-olds).”

VotingByAgeCensusBureauDailyBusinessNewsMHProNews

There is every indication that the president’s popularity is rising among blacks, Hispanics, and women. He already had a strong lock on Evangelicals, and white men.

MHProNews cited the New York Times polling, our own yard sign straw poll of a Florida manufactured home community, and a straw poll of industry professionals at an MHI event as part of our pre-election projections in 2016 that Mr. Trump would do well among manufactured housing residents and professionals.

ChangeInVotingPatternsAgeRaceCensusBureauDailyBusinessNewsMHProNews

It was part of our MHProNews broader analysis. These were among the reasons for our projecting that he could pull off an upset on election night.

There is no other known group or media in manufactured housing that made similar projections. We editorially supported the Trump candidacy, as being better for business, workers, investors, and our industry.

12ReasonsEducatedIranianAmericanWomanSupportsDonaldTrumpPostedMastheadBlogMHProNews954x846

While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family and MHProNews 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.

 

Washington Insider Info

While MHProNews doesn’t claim much advantage over anyone else that is willing to dig for data and insights.  We have not yet personally met the president, but we do get several daily media and other briefs from the White House.

There are good reasons to believe that baring the unexpected, the GOP under President Trump’s leadership could pull off yet another surprise in the upcoming midterms.

The president himself is predicting it.

When you listen to the enthusiasm of this crowd from last night, does it remind you of the rallies from his campaign? No ‘entertainment’ was needed.

The theme is “Promises Made, Promises Kept.” It’s a powerful message for a campaign.

Step-by-step, President Donald J. Trump has undone in less than 18 months, much of the 8 year legacy of President Barack Hussein Obama. The Heritage Foundation claims over 60 percent of his agenda is already accomplished.  While that statistic might be debatable, what is certain is that his steady and relentless pace is getting voters to respond.  

Look for our Daily Business News latest U.S. economic report, and how that will play into the manufactured housing industry’s calculations. That surprising snapshot will be published later this morning.  We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, and content are provided under fair use guidelines.)

Related Reports:

Kanye Controversy, Universal Income, Venezuela, President Trump, Manufactured Housing, First Principles, and You

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

 

S. 2155 “House Passes Most Significant Pro-Growth Financial Regulatory Reform in Generation”

May 22nd, 2018 No comments

S2155PassedHousepassesFinancialServicesManufacturedHousihngIndustryDailyBuisnessNewsMHProNews

WASHINGTON, D.C. – “Today, the House of Representatives voted 258-159 to pass the “Economic Growth, Regulatory Relief and Consumer Protection Act,” which represents the most significant pro-growth financial regulatory reform package since the passage of Gramm-Leach-Bliley nearly a generation ago,” said the House Financial Services Committee Chairman in a statement to MHProNews.

Jeb_Hensarling wikipedia

Jeb Hensarling, House Financial Services Committee Chairman. credit, Wikipedia.

For far too long, far too many people in our country have struggled to make ends meet. They’ve struggled to buy a car; they’ve struggled to buy a home; they’ve struggled for their version of the American Dream. Why is this happening? Because Main Street banks and credit unions that Americans depend on have been stifled by the weight, load, volume, complexity and cost of heavy Washington bureaucratic red tape which has prevented them from serving their communities. But today, that changes,” said Chairman Hensarling.

Although we didn’t have a formal conference with the Senate, I look forward to continuing to work with colleagues on both sides of the aisle and in both chambers to build on the progress we achieved here today with an additional package of bipartisan pro-growth capital formation provisions that the House and Senate will vote on soon,” concluded Hensarling.

Approximately half of the bill – including ¾ of the regulatory relief provisions and nearly 90% of the capital formation provisions – originated in the House of Representatives,” said the Financial Services Committee release to the Daily Business News.

“Gramm-Leach-Bliley co-author Senator Phil Gramm said, “The oppressive regulatory burden of the Obama-era forced community financial institutions to spend capital on compliance officers instead of loan officers and the economy suffered. Thanks in large part to Chairman Jeb Hensarling, that is about to change. The passage of S.2155 represents the most significant pro-growth financial legislation since the Congress adopted the Gramm-Leach-Bliley Act in 1999.  The bill is a major step toward allowing the banking system to serve the needs of American business and American families instead of the political designs of the government.  If the Senate will now adopt the additional regulatory relief provisions that the House has adopted overwhelmingly, Congress will have taken a vital step toward bringing back the 3% growth rate that, prior to the Obama era, had been part of America’s birthright.”

Text from a number of House-originated provisions is included in S. 2155:

  • H.R. 2226, the “Portfolio Lending and Mortgage Access Act,” sponsored by Representative Andy Barr (R-KY).
  • H.R. 2255, the “Housing Opportunities Made Easier (HOME) Act,” sponsored by Representative David Trott (R-MI).
  • H.R. 2954, the “Home Mortgage Disclosure Adjustment Act,” sponsored by Representative Tom Emmer (R-MN).
  • H.R. 389, the “Credit Union Residential Loan Parity Act,” sponsored by Representative Ed Royce (R-CA).
  • H.R. 2948, the “S.A.F.E. Mortgage Licensing Act,” sponsored by Representative Steve Stivers (R-OH).
  • H.R. 1699, the “Preserving Access to Manufactured Housing Act of 2017,” sponsored by Representative Andy Barr (R-KY).
  • H.R. 3971, the “Community Institution Mortgage Relief Act of 2017,” sponsored by Representative Claudia Tenney (R-NY).
  • H.R. 2403, the “Keeping Capital for Local Underserved Communities Act of 2017,” sponsored by Representative Gwen Moore (D-WI).
  • H.R. 3093, the “Investor Clarity and Bank Parity Act,” sponsored by Representative Michael Capuano (D-MA).
  • H.R. 4725, the “Community Bank Reporting Relief Act,” sponsored by Representative Randy Hultgren (R-IL).
  • H.R. 1426, the “Federal Savings Association Charter Flexibility Act of 2017,” sponsored by Representative Keith Rothfus (R-PA).
  • H.R. 4771, the “Small Bank Holding Company Relief Act of 2018,” sponsored by Representative Mia Love (R-UT).
  • H.R. 5076, the “Small Bank Exam Cycle Improvement Act of 2018,” sponsored by Representative Claudia Tenney (R-NY).
  • H.R. 1457, the “MOBILE Act of 2017,” sponsored by Representative Scott Tipton (R-CO).
  • H.R. 2148, the “Clarifying Commercial Real Estate Loans Act,” sponsored by Representative Robert Pittenger (R-NC).
  • H.R. 2683, the “Protecting Veterans Credit Act of 2017,” sponsored by Representative John Delaney (D-MD).
  • H.R. 3758, the “Senior Safe Act of 2017,” sponsored by Representative Kyrsten Sinema (D-AZ).
  • H.R. 4258, the “Family Self Sufficiency Act,” sponsored by Representative Sean Duffy (R-WI).
  • H.R. 898, the “Credit Score Competition Act of 2017,” sponsored by Representative Ed Royce (R-CA).
  • H.R. 2121, the “Pension, Endowment, and Mutual Fund Access to Banking Act,” sponsored by Representative Keith Rothfus (R-PA).
  • H.R. 1624, the “Municipal Finance Support Act of 2017,” sponsored by Representative Luke Messer (R-IN).
  • H.R. 4546, the “National Securities Exchange Regulatory Parity Act,” sponsored by Representative Ed Royce (R-CA).
  • H.R. 1312, the “Small Business Capital Formation Enhancement Act,” sponsored by Representative Bruce Poliquin (R-ME).
  • H.R. 1219, the “Supporting America’s Innovators Act of 2017,” sponsored by Representative Patrick McHenry (R-NC).
  • H.R. 1257, the “Securities and Exchange Commission Overpayment Credit Act,” sponsored by Representative Gregory Meeks (D-NY).
  • H.R. 1366, the “U.S. Territories Investor Protection Act of 2017,” sponsored by Representative Nydia Velazquez (D-NY).
  • H.R. 1343, the “Encouraging Employee Ownership Act of 2017,” sponsored by Representative Randy Hultgren (R-IL).
  • H.R. 2864, the “Improving Access to Capital Act,” sponsored by Representative Kyrsten Sinema (D-AZ).
  • H.R. 4279, the “Expanding Investment Opportunities Act,” sponsored by Representative Trey Hollingsworth (R-IN).
  • H.R. 3221, the “Securing Access to Affordable Mortgages Act,” sponsored by Representative David Kustoff (R-TN).
  • H.R. 4790, the “Volcker Rule Regulatory Harmonization Act,” sponsored by Representative French Hill (R-AR).
  • H.R. 4028, the “PROTECT Act of 2017,” sponsored by Representative Patrick McHenry (R-NC).
  • H.R. 385, a bill to amend the Expedited Funds Availability Act to clarify the application of that Act to American Samoa and the Northern Mariana Islands, sponsored by Representative Aumua Amata Coleman Radewagen (R-AS).

S2155ManufacturedHousingEconomicGrowthRegulatoryReliefConsumerProtectionActBackStoryMastheadMHProNews-575x284 (1)

Commentary on this issue is linked above. ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

 

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

 

MHARR Points to Needs Underscored by Washington Post Article on HUD’s Manufactured Housing Program, Related Woes

May 22nd, 2018 No comments

 ManufacturedHousingAssocRegulatoryReformMHARRPointsNeedsUnderscoredByWashingtonPostHUDsManufacturedHousingProgramOfficeManufacturedHousingInstitute

A recent article in the Washington Post regarding the HUD manufactured housing program and the reassignment of former program administrator, Pamela Danner, vividly highlights the glaring need for a new, independent, collective, national trade association to more effectively represent the industry’s post-production sector,” said Mark Weiss in the latest MHARR Issues and Perspectives.

 

Weiss, is an attorney by trade, and is the president and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

Weiss and MHARR were cited and interviewed in award-winning Juliet Eilperin’s documented Washington Post report 3 weeks ago.  Eilperin laid out the tug-of-war over the HUD Code manufactured housing program, past, present and future. Mark Weiss, Pamela Danner, Lois Starkey, Lesli Gooch, were among those named and quoted.  So too was Doug Ryan of Prosperity Now.

HUD Secretary Ben Carson drew serious attention from the Washington Post (WaPo), as did others at HUD.

 

The View from MHARR

While the Post article, published May 2, 2018, was surprisingly objective in describing MHARR’s successful effort to change the leadership of the HUD program following the election of President Trump (noting that the Manufactured Housing Institute, by contrast, “did not weight-in on [Pamela] Danner’s reassignment”), the story concluded with an all-to-typically-negative account of late-2017 post-production enforcement activity by HUD regulators focused on homes sited in a Massachusetts manufactured housing community. That HUD and a Washington Post reporter would focus on a post-production regulatory issue and related post-production enforcement activity, however, is not, in itself, surprising, given HUD’s evolving – and expanding — regulatory emphasis on post-production matters and post production issues,” wrote Weiss.

To rephrase, Weiss is saying that the article the WaPo article spotlighted several trends from recent years. These include a growing encroachment by HUD on the installation of homes, among other problematic developments.

Indeed, such growing emphasis by HUD and its defacto enforcement contractors (i.e., the Institute for Building Safety and Technology and SEBA Professional Services, L.L.C.) – and others — on post-production issues and post-production targets, is an entirely predictable by-product of the success of the industry’s production sector in two crucial areas, and represents a major challenge that the broader industry must now step-up to effectively address and resolve,” said Weiss.

As with everything else, though, success within the production realm has been paralleled by challenges in other areas which the industry has failed – and continues to fail — to effectively address, precisely because it lacks an independent, collective, national voice to lead and advocate on those matters on behalf of the industry’s post-production sector.  And, as the Washington Post article demonstrates, with just a single example, those challenges will continue to fester and expand, limiting the growth potential of the industry as a whole and the availability of inherently affordable manufactured housing for millions of lower and moderate-income American families, unless and until this underlying issue is properly addressed and resolved,” MHARR’s release to MHProNews stated.

 

A Step Back, Before Moving Ahead

In an on the record statement a week ago, the following on-the-record message came in to the MHProNews.

Tony, Excellent lead article in your Saturday [Daily Business News] blog.”

The article referred to is linked below.

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

You [MHProNews] now have placed the industry’s decades-long failure with its lack of a collective independent national post production representation in Washington, DC on top of its list of priorities and at the center of its debate going forward,” said the message from a RV MH Hall of Fame industry veteran.

danny-ghorbani1st-president-manufactured-housing-association-regulatory-reform-mharr-credit=journalmfdmodularhousing-posted-dailybusiness-mhpronews-

Danny Ghorbani, photo credit, the Journal.

Until and unless this glaring failure [to create a meaningful post-production association] is addressed and resolved soon, the industry’s snail pace of progress, with its resulting federal, state and local damaging setbacks, will continue, and indeed multiply unabated.”

Hopefully, the industry’s cooler heads will prevail on this most pressing matter, this time around.

Thanks,

Danny

Danny Ghorbani

Ghorbani, as long-time industry veterans recall, worked for the predecessor of what became the Manufactured Housing Institute IMHI).  Ghorbani later was a key player in the creation of what today is known as the Manufactured Housing Association for Regulatory Reform, (MHARR), and became its first president.

HUDSecDrBenCarsonJohnBostickJimSheaMikeCappaertMakWeissDannyGhorbaniMHARRDailyBusinessNewsMHPorNews

http://www.mhpronews.com/blogs/daily-business-news/hud-secretary-dr-ben-carson-manufactured-housing-independent-producers-meeting-mh-program-progress-promised/

While Ghorbani is officially retired, he is still an active advisor to MHARR.  He takes part in many key meetings, as the photo with HUD Secretary Ben Carson above reflects.

As several industry members and observers have noted, a past squabble between Ghorbani and MHProNews publisher L. A. “Tony” Kovach was privately discussed and resolved some years ago.

While MHProNews and MHARR are independent of one another, the two often have similar perspectives on key issues; with each party bringing its own unique experiences to bear on industry topics.

 

MHARR’s Call for a New Post-Production Association

MHARR is not interested in being that new post-production association, as a report they published last year made clear.

But MHARR has stated that they are willing to lend their expertise, and experience in helping independent retailers, communities, lenders, and others to forge their own post-production association.

With an affordable housing crisis growing in scope, it is almost inconceivable to some industry observers and professionals that HUD Code manufactured housing is hovering at only an estimated 100,000 shipments projected for 2018.

An effective post-production association is an important part of the cure for that ailment.

As Weiss said in part of today’s newly published report, “…the modern industry’s unequalled ability to produce safe, high-quality homes that comply with all applicable federal standards, at an inherently affordable price-point.  Data compiled on behalf of HUD proves this point.”

In the July 2015 edition of the “MHARR Viewpoint,” MHARR observed that according to HUD’s federal dispute resolution contractor, of the 123,174 HUD Code manufactured homes placed in 23 federally-administered dispute resolution (DR) “default” states between 2008 and 2014, only 24 homes — or .019% — were referred to federal dispute resolution, a process encompassing, and available to, homeowners, producers and installers.  Of those 24 referrals, only 3 – or .002% — were found to actually qualify for dispute resolution under applicable HUD regulations.  Given those undisputed facts, MHARR pointed out that federal DR referrals “are a direct barometer of compliance with the relevant construction and installation standards, and the responsiveness of regulated parties (including manufacturers, installers and retailers) to homebuyers.”

Summing up, the quality of the HUD Code manufactured home industry’s product has never been better, and federal data proves it.

The industry accomplished the removal of Danner from her widely-construed as harmful impact to manufactured housing, thanks in no small part to the intervention of MHARR with HUD, as the Washington Post documented.

The Washington Post report made also clarified that fact based upon MHI SVP Lesli Gooch’s own statement. Gooch told WaPo that the Manufactured Housing Institute (MHI) took no part in the removal of Pam Danner.  That was a stunningly tone-deaf response to industry members, with many in MHI, calling for Danner’s ouster.

That failure of MHI to act is but one more reason for a new post-production association. Such a body would arguably save the industry’s members money, and also help them penetrate markets they are now limited in.

MHI’s admission from Gooch – via WaPo’s report – ought to cause MHI supporters to rethink their lack of response to their own grass roots on that hot-button Pam Danner issue.

The entire MHARR Issues and Perspectives for June 2018 on the topic of the industry’s need for an effective, independent post-production association is linked here. ##  (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

Study Recommending New Manufactured Housing Association for Independent Retailers, Communities, Lenders, Others Released

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

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

2) To provide 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 Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.