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Sunday Morning Weekly Recap – Manufactured Housing Industry Headline News 4.15.2018 to 4.22.2018

April 22nd, 2018 No comments

MHProNewsLogoSundayMorningManufacturedHousingIndustryNewsRecap4152018to4222018

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way…”

– Charles Dickens, in a Tale of Two Cities.

 

Who controls the past controls the future. Who controls the present controls the past.”

― George Orwell, in 1984.

TheFirstStepInSolvingAProblemIsToRecognizethatItDoesExistZigZiglarDailyBusinessNewsMHProNews

 

Why is there so much struggle to “control the narrative” in media, politics, business, etc.?  It could be summed up in the two quotes above.

If ever there was a need for objective thinking, careful reasoning, and then precise action based upon facts not myths – this is certainly one of those time.  Let’s dive into this week’s headlines in review.

 

What’s New on MHLivingNews

 

Affordable Housing Focus Group – Comparing Housing Options – Conventional Houses, Condo, Rentals, and Manufactured Homes – Up for Growth, National Association of Realtor, Studies

 

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

 

What’s New on the Daily Business News

DailyBusinessNewsLogoMHProNewsLogo (1)

Saturday 4.21.2018


“Dissent, Brought by Monopolists,” Bezos, Warren Buffett, Big Tech, the Moat and Clayton Homes

Friday 4.20.2018

Legal Maneuvers Continuing in Skyline Corp, Champion Homebuilders Merger Case

DNC Files Suit Against Trump Campaign, Russia, and WikiLeaks, Plus MH Market Updates

 

Are They Among the Best Advocates for Manufactured Housing and Manufactured Home Living?

Are They Among the Best Advocates for Manufactured Housing and Manufactured Home Living?

Housing Price Surge, Low Inventories, Housing Shoppers Stressed – Where’s Manufactured Housing?

 

 

Thursday 4.19.2018

 

U.S. Housing Trends and Manufactured Housing, Investor Data

U.S. Housing Trends and Manufactured Housing, Investor Data

Economic Confidence, But Concerns About Housing Signals, Plus MH Market Updates

 

Recent Polling Favors President Trump, Generic Ballot Sliding toward GOP, Manufactured Home Industry Implications?

HUD and Census Bureau Report Residential Construction Activity in March 2018

HUD and Census Bureau Report Residential Construction Activity in March 2018

 

Wednesday 4.18.2018

Troubled MH Communities Harming Manufactured Home Owners, Industry

Consumer Confidence, Manufactured Home Sales, Plus MH Market Updates

 

“No Nails, No Glue,” Architect Creates ‘IMBY’ Flat Pack PreFab

“No Nails, No Glue,” Architect Creates ‘IMBY’ Flat Pack PreFab

Who Will Google and YouTube Silence Next?

 

 

Tuesday 4.17.2018

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

On Tax Day, Debate – Is Taxation Moral or a Form of Theft? – Plus MH Market Updates

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

Hawaii’s First “Trailer Park” on Oahu – Civil Beat’s Report Draws Heat

Hawaii’s First “Trailer Park” on Oahu – Civil Beat’s Report Draws Heat

 

Monday 4.16.2018

Within an Ongoing Wave of Routinely Problematic Media Reports, What Do Actual Manufactured Home Owners Say?

Stocks Rally on Economic, Earnings, and Geo-Political News – Plus MH Market Updates

“Silver Bullet,” Manufactured Housing’s Monday Morning Sales Meeting

“Silver Bullet,” Manufactured Housing’s Monday Morning Sales Meeting

Emerging Trends, Opportunities, Reflected in Interview with America’s First Black Billionaire, Robert Johnson

Sunday 4.15.2018

Sunday Morning Weekly Recap – Manufactured Housing Industry Headline News 4.8.2018 to 4.15.2018

Sunday Morning Weekly Recap – Manufactured Housing Industry Headline News 4.8.2018 to 4.15.2018

And that’s all she wrote during the week that was… ## (News, analysis, and commentary.)

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

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
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“Dissent, Brought by Monopolists,” Bezos, Warren Buffett, Big Tech, the Moat and Clayton Homes

April 21st, 2018 No comments

TheReturnofMonopolyManufacturedHousingIndustryDailyBusinessNewsMHPronews

Not that long ago in America, no company as large and destructive as Amazon would have been allowed to exist. Preventing and breaking up such corporate behemoths, in fact, was at the very center of the Democratic Party’s agenda. “Private monopolies are indefensible and intolerable,” the party’s platform declared in 1900,” writes Matt Stoller in the progressive New Republic.

 

As monopolies broke up unions and drove down wages, Democrats increasingly came to rely on campaign contributions from the very corporations that were consolidating their control over the American economy,” said Stoller, who cites Amazon, Facebook, Google and others among the monopolies he and a growing number of progressive are concerned about.

MonopolyTheUltimateEnemyofFreeMarketCompetitionNowPervadesEveryCornerOfAmericanLifeManufacturedHousingIndustryDailyBusinessNewsMHProNews597

AT&T Time Warner case now in the courts are clear evidence that the Trump Administration is taking anti-trust concerns beyond mere talk. There are signals that more cases could be coming. Missouri’s attorney general has launched an anti-trust investigation against Google. The European Union fined Google $2.7 billion. Expert more such cases, some of which could include manufactured housing, and Warren Buffett’s brands.

While Stoller is a Democratic partisan, there are Republicans and independents who hold similar views, which will be briefly examined further below.  These monopolistic forces impact manufactured housing in a variety of ways, as will also be noted.

The Obama administration, like the Bush administration before it,” writes Stoller, “declined to bring a single major monopolization suit against U.S. companies.”

GooglePlaceNewRepublicManufacturedHousingIndustryDailyBusinessNewsMHProNews

Woodrow Wilson, the Democrat, took a different approach: He argued that monopolies are a fundamental threat to political liberty, and that the government should attack and disperse them to protect democracy from the corrupting influence of economic concentration. After his election, Wilson went on to lay the foundation for the government’s anti-monopoly apparatus,” per the New Republic, noting that Bezos personally owns the Washington Post, and calls it…

Dissent, brought to you by monopolists.”

The subject of monopoly, like the topic of affordable housing and manufactured homes, should not be seen as a partisan issue.

WeNeedNewUnderstandingOfPoliticalEconomyOneThatSeesMonopoliesAsNotCompatiableWithDemocracyDailyBusinessNewsMHproNews

MonsantoGardensNewRepublicManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Where the Left, Center, and Right Can Agree?

Don’t look now, but there are voices across the left-right divide who agree on the threat in America of modern monopolies. 

Some call for more regulations. But others are saying it is time to break the giant companies up, as was done with AT&T decades ago, or Standard Oil before them.

In what may seem like an ironic twist, but the leftist New Republic writer finds himself in agreement with Steve Bannon, the prior right-wing Breitbart Chairman and an important member of President Trump’s election campaign, and initial White House strategy team.

AmazonAveNewRepublicManufacturedHousingIndustryDailyBusinessNewsMHProNews

They are not alone.

Those new to this topic may want read the entire column, and circle back later to linked additional references, like the ones below.

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

Buffett, Bezos – Time Announcement to Drop Market Ahead of SOTU? Plus MH Market Update$

Advocates of free market enterprise should be irate over the company’s [Amazon] crony capitalist practices and cities and states that enable it,” the American Conservative said last year.

Right of center National Review has fears over the rise of big tech and monopoly too. They argued last year that the answer is heavier regulations.

Virgil, writing in the right’s Breitbart said in March 2018 that “Theodore Roosevelt, our 26th president, left the White House in 1909, and yet his spirit — larger than life and larger, even, than death — is still with us. And that is in no small part because many of the problems that the Great Trustbuster grappled with back then seem so similar to the problems we confront today.”

Citing the progressive Seattle Times, ‘Virgil’ said, “The Seattle Times over the weekend: “Big Tech needs to face a Theodore Roosevelt-style trust busting.” That Seattle Times  article by columnist Jon Talton, may have caught the attention of Jeff Bezos, the world’s richest man whose company, Amazon, is based in Seattle.

And yet columnist Talton is clearly not a fan of his tech homeboys, nor of the other big tech firms further down the left coast,” said Virgil.

Big Tech’s greatest sins are locking in a winner-take-all economy, decimating the middle class and exercising monopoly-like powers that cause the free market to fail. Competition is stymied. Power is in the hands of too few,” the Breitbart columnist said.

During Teddy Roosevelt’s time in office, 1901-1909, his administration filed some 40 anti-trust actions, although perhaps the most famous application of the Sherman Act was resolved only in 1911, after Roosevelt had departed office. That was the case of U.S. vs. Standard Oil, which broke the vast oil monopoly into 33 different corporate pieces,” said Virgil.

GoldenAgeAmericanProsperityLargeGrowingMiddleClassManufacturedHousingIndustryDailyBUsinessNewsMHProNews

 

Anti-Trust by Feds, or Private Citizens, Companies

Looking ahead, we can see that more antitrust litigation is inevitable, and some of it may yet be painful to the defendants. For instance, we might note that private anti-trust litigation is also possible. And under the provisions of the Clayton Anti-Trust Act of 1914, a successor to Sherman, economic victims of monopolistic abuse can sue, through private action, for treble damages. In other words, all the myriad media companies that have suffered so much financial damage from Facebook and Google might have a legal remedy,” said Virgil.

It’s a point the Daily Business News has also raised, in the report linked below.

 

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

So, readers may be libertarian, progressive, conservative, or anything else, and find someone with your political position arguing for a break-up of mega-corporations for the public, political, and economic good.

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www.mhmarketingsalesmanagement.com/blogs/daily-business-news/department-of-justice-anti-trust-and-manufactured-housing-institute-mhi/

Talton said the new monopolies have better people skills than the ones in Roosevelt’s time.

Unlike Microsoft, which was typecast early on as the “Evil Empire,” Google, Apple, Facebook, and Amazon have combined savvy public-relations efforts with sophisticated political lobbying operations.”

Facebook is said to be mobilizing “armies” of lobbyists in the wake of their Washington woes.

Among manufactured housing associations, the monopolistic tool-of-choice has arguably been the Manufactured Housing Institute (MHI), which has been dominated by the interests of larger producers, communities, and lenders for years.

But Clayton’s revealed that they are doing their own lobbying too, apart from MHI.

There are investigations – civil and federal – into Warren Buffett’s Clayton Homes, per several sources to the Daily Business News.

 

More Anto-Monopoly Legal Background from the New Republic

In 1933, just days after Franklin Roosevelt was inaugurated, Brandeis issued a stirring dissent in Liggett v. Lee,” said the New Republic, “which struck down a Florida law designed to protect local businesses from out-of-state chains. Reading from the bench, Brandeis blamed the Great Depression on “the gross inequality in the distribution of wealth and income which giant corporations have fostered.”

The government, he argued, had the right to regulate the “concentration of wealth and power” if it threatened the public welfare. Antitrust, as Brandeis saw it, wasn’t about protecting consumers—it was a way to safeguard democracy,” stated Stoller.

Thurman Arnold, FDR’s head of antitrust enforcement, cracked down on some of the country’s biggest corporations and trade associations, from General Motors and Alcoa to the American Medical Association and the Associated Press, which were engaged in price fixing and other anti-competitive activities,” Stoller stated.

The anti-monopoly principle that Arnold and Brandeis established—the idea that economic power should be decentralized and spread into many hands—became the basis of a new social contract. For the next three decades, the federal government largely permitted big business only in segments of the economy that required scale and technical know-how, such as cars, chemicals, and steel. Labor unions made sure that workers were treated fairly, while stores, farms, and banks remained relatively small and under local control...,” he wrote, adding, “Productivity boomed, and America entered a golden age of egalitarian prosperity, with a large and expanding middle class.”

Again, the ironies here are many.

One is presidential signals that Donald Trump is developing positions that agree in good measure with Democratic positions held in decades past, or that  Teddy Roosevelt once held.

So, before the hyper-partisan positions are staked out, a step back to see the broader picture is warranted.  Because voices across the political divide are finding common themes in the threat that monopolies pose to the economy, small businesses, and job creation.

MHProNews has spotlighted concerns that Scott Galloway, or PragerU have also given voice to, which include calls for breaking up or heavily regulating the big tech giants.

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

Can forward thinkers on the left and right agree that monopolistic behavior by some associations and companies today are also problematic?

Billionaire Titans Battle, Overshadowing Modest Independents – Surviving, Thriving in Manufactured Housing Industry Today, Tomorrow

 

Warren Buffett, Moats, and Monopolies – Berkshire Chairman’s Words, Applied to Clayton Homes, and Manufactured Housing

While monopolistic business practices tend to have an adverse effect on consumers,” says Investing Answers, “they can be investor friendly. Obviously, from a shareholder’s standpoint, competitive pressures can crimp profits, and companies that have a wide economic moat or high barriers to entry are somewhat insulated from the encroachments of would-be rivals.”

 

 

A wide economic moat is a significant competitive advantage that is extremely difficult to copy or emulate, thereby creating a barrier to entry for competing firms,” says Investing Answers.

The video below explains in brief in Buffett’s own words some of his ‘competitive advantage’ strategies.  Some of them, most anyone can do.  But once someone gets into the fine points of “the Moat – and how that’s been executed by Buffett’s Clayton Homes in the manufactured housing industry – concerns about monopoly power are being raised by parties across the political spectrum.

 

How a Moat Works (Example):

Castles were traditionally part city and part defensive fortress. The moat was a key part of this defense — by surrounding the castle with water, the fortress was more difficult to penetrate. The wider the moat, the more difficult it would be to attack a castle’s defenders,” Investing Answers stated.

Companies are not unlike medieval castles. A successful company will undoubtedly attract competitors. Patents, brand identity, technology, buying power and operational efficiency create moats that make these companies hard to attack,” says Investing Answers.Companies with wide economic moats operate business models that are difficult — or in some cases even impossible — for competitors to attack or emulate.”

Some argue that these moats that Buffett promotes is a smart play for investors.

But broader question are being raised.  Sources like the progressive publications New Republic, the Nation, or right-side sources such as the American Conservative or Breitbart point largely agree that monopolies – which are promoted by these moats – harm the nation, and the industries they operate in.

Economic and political advantages are gained from heavy regulations.  Dodd-Frank benefited bigger businesses at the cost of smaller ones.

Big business can buy political access that small businesses can’t, says sources like Prager. Smaller firms have higher proportionate cost to deal with regulators than a big company does. Part of the reason for MHARR’s existence is because for years, the larger companies that are members of the Manufactured Housing Institute (MHI) were in practice okay with heavy regulations.

 

The Nation, New Republic, American Conservative, Prager U, MHARR, and MHProNews Aren’t Alone…

The rising tide of concerns across the left-right divide should be another reason for manufactured home industry members and public officials to sit up and take careful note about what has been transpiring in the manufactured housing industry since Warren Buffett entered the space in 2003.

 

 

Since the video interview above was initially recorded, Clayton went from some 25 percent of the market share, to about 50 percent.  The trajectory of the industry is towards consolidation.

ManufacturedHomesMarketShareMHIMembersClaytonCavcoChampionDaiyBusinessNewsMHProNews

Since this chart was developed, there are new statistics – from MHI – that indicate that about 75 percent of the industry’s production is in the hands of just three companies, all of them MHI members. Clayton has half of the industry, and sources say that more expansions of plants and new production centers are coming.

 

A Clayton manager told MHProNews recently, ‘what’s wrong with crushing the competition?’

Plenty, as each of the third-party thinkers cited above have outlined.

Independent businesses are lost – in manufactured housing – by the thousands, as former Clayton manager Ken Corbin has noted.

Ken Corbin “the 10,000 Drop,” points to Industry Woe, Causes of Manufactured Housing’s 10 & 20 Year Collapse?

That means, jobs are also lost.  As more industries are consolidated into fewer hands, tremendous numbers of jobs are lost over time.

 

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

 

Perhaps the most comprehensive look ever at how ‘the moat’ has operated and impacted manufactured housing is found at the link above.

The points made by other writers of how public relations are being used to blunt the concerns over monopoly must be noted by every professional in manufactured housing.

The allegations of monopoly in manufactured housing are believed by some to be confirmed by facts hiding in plain sight.

Buffett and Kevin Clayton – in written and video comments – have both stated very clearly the “moat” principles they are using to grow their portion of the industry. Meanwhile, the rest of the industry’s competitors shrink statistically, are acquired, or vanish. Unchecked, projecting out the trend lines of the last 15 years would mean the industry’s production, lending and other elements will increasingly fall into the hands of Berkshire Hathaway owned brands.

When voices across the left-right divide raise concerns over how that impacts the vast majority of everyday Americans, one of the questions that ought to be posed to politicians of either party going into the 2018 midterms ought to be, what position will you take on breaking up monopolies?

Clearly, good business practices must be at the core of every remaining operation and the new companies that are trying to enter the industry.

But as Virgil suggested above, business harmed by monopolies ought to explore the legal options for civil anti-trust action.  By law, once successful, the potential for triple damage recoveries await.

A multiple pronged effort must be made to reverse the trend of monopoly in manufactured housing.  It begins with understanding and education. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

Related Report:

Who Will Google and YouTube Silence Next?

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

  1. 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.

DNC Files Suit Against Trump Campaign, Russia, and WikiLeaks, Plus MH Market Updates

April 20th, 2018 No comments

4.20.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews-2The markets have been responding as much or more to politics and transnational fears – trade, combat, threats of nukes, etc. – in 2018 than they have to actual economic, business or consumer confidence, and related  data.

After almost a year of special counsel Robert Muller’s probe of ‘Russia, Russia, Russia’ and the Trump Campaign, and about 18 months of known federal investigations that began before the election. Those have yielded – NYET – with respect to any connection betwee the president and any electoral wrongdoing. Nevertheless, the Democratic National Committee (DNC) launched a civil suit today. So, with videos from both sides of the political aisle, that will be our focus for 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, beyond the 9 market summaries, below.

 

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:

  • GM Korea on verge of filing for bankruptcy
  • Surging oil prices rattle President Trump
  • ‘Avengers: Infinity War’ assembling for possible historic box office
  • Why a 20% raise isn’t enough for Arizona teachers
  • Quest: Starbucks is an example of crisis response done right
  • From witness stand, AT&T chief details new $15-a-month streaming service
  • Every Bon-Ton department store is closing
  • China trash ban is a global recycling wake up call
  • China refuses to recycle more of the world’s trash
  • Apple sinks on fears of slowing iPhone sales
  • Self-driving cars. Scooters. The future of commuting to work is here
  • Can $1 billion help low-income Americans find jobs?
  • Wells Fargo fined $1 billion for insurance and mortgage abuses
  • SunTrust employee may have tried to steal data from 1.5 million customers
  • Comey writes in memo he laughed after Trump floated the idea of jailing journalists
  • Top auto boss: Global carmakers unlikely to go it alone in China
  • China’s ZTE fires back over US ban: ‘We cannot accept it’
  • YouTube ran ads from hundreds of brands on extremist channels
  • Watch this robot put together an IKEA chair
  • Takeda sweetens $60 billion Shire pitch as rival bows out
  • How fruit juice got boxed out of the health craze

Selected headlines and bullets from Fox Business:

  • Mueller team said to be amused as Giuliani pledges to end Russia probe
  • Stocks close lower as Apple sell-off hits Dow
  • Wells Fargo slapped with $1B fine for lending abuses
  • Sorghum ships change course mid-trip after China tariffs
  • Presidential tweet dents rally in crude oil prices
  • Mickey Mantle rookie card fetches near-record $2.88M at auction
  • Former NFL offensive lineman Evan Mathis reaps windfall.
  • Southwest plane accident engine maker issuing new inspection guidelines
  • As Wells Fargo fined $1B, Mulvaney says ‘I have too much authority’
  • SEC advances new broker standards: What you need to know
  • IMF’s Lagarde says global trade marked by lack of trust
  • Criminals using Facebook to sell stolen credit cards, personal information: The Times
  • Oil demand, OPEC create ‘perfect recipe’ for higher prices: Fmr. Shell Oil president
  • Food stamp work requirement in bill is common sense: House Republican
  • Kushner Cos. subpoenaed over rent-control paperwork
  • SunTrust reports data of 1.5M customers possibly stolen by ex-worker

 

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

S&P 500 2,670.14 -22.99(-0.85%)

Dow 30 24,462.94 -201.95(-0.82%)

Nasdaq 7,146.13 -91.93(-1.27%)

Russell 2000 1,564.12 -9.69(-0.62%)

Crude Oil 68.26 -0.03(-0.04%)

Gold 1,337.60 -11.20(-0.83%)

Silver 17.11 -0.12(-0.72%)

EUR/USD 1.23 -0.01(-0.50%)

10-Yr Bond 2.95 +0.04(+1.27%)

 9MarketIndicatorsYahooFinance4.20.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue4.20.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

Before we get into what the talk-heads on each side of the left-right media divide have to say, let’s make the Daily Business News perspective simple.  This DNC move can be about one or more of the following: fund-raising, energizing their base, distraction, a way to depose people (if this Democratic case isn’t squashed by a judge), and may be a tacit admission that the Mueller probe has yielded nothing to date.

Bottom line, strategy and tactics. That said, Fox Business, CNBC and Cavuto videos follow with their unique takes on what this means.

Rep. Steve King (R-Iowa) on the Democratic National Committee’s lawsuit against the Russian government, WikiLeaks and the Trump campaign.

CNBC

Cavuto DNC Suit

Fox News Senior Judicial Analyst Judge Andrew Napolitano on the DNC lawsuit over the 2016 presidential race and reports former FBI Deputy Director Andrew McCabe is considering suing the Trump administration for defamation.

DNCSuesTrumpCampaignWikileaksRussiaOver2016electionDailyBusinessNewsMHProNews

Still from Fox Business video, posted above.

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).

4.20.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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 some 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.

On Tax Day, Debate – Is Taxation Moral or a Form of Theft? – Plus MH Market Updates

April 17th, 2018 No comments

CNNmoney4.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsSenior Judicial Analyst Judge Andrew Napolitano takes on the notion that taxation is form of theft, and former Microsoft CEO Steve Ballmer’s comments on estate taxes, in our market focus on Tax Day.

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.

 

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:

  • Toys ‘R’ Us rejects bid from billionaire
  • Former Obama economist Austan Goolsbee joins Quest on ‘Markets Now’
  • CEO of $20 million startup could lose his business over visa issue
  • Starbucks will close 8,000 US stores May 29 for racial-bias training
  • Supreme Court debates whether to allow states to tax all online sales
  • The IRS’ online filing system is having problems … on tax day
  • Obama-era car loan rule could be repealed
  • China lifts restrictions on foreign carmakers
  • NY attorney general wants ‘transparency’ from crypto exchanges
  • Legal fight escalates over Aaron Sorkin adaptation of ‘To Kill a Mockingbird’
  • Supreme Court dismisses major privacy rights case
  • India’s ATMs are running out of cash … again
  • Rocket Lab just got a leg up on the race to launch tiny satellites
  • IMF says global economy will slow after 2019
  • US-China trade: 24 hours that escalated the fight
  • China slaps 179% charge on US sorghum imports
  • US hits export ban on Chinese smartphone maker ZTE
  • Japan is heading for a trade showdown with America
  • China’s economy hit the ground running in 2018
  • How Russian retaliation could hurt America
  • Walmart set to debut new website

Selected headlines and bullets from Fox Business:

 

  • Stocks close higher on strong corporate earnings
  • 8,000 Starbucks stores to halt operations for racial bias training
  • Southwest Airlines stock declines after fatal plane accident
  • Cryptocurrency exchanges draw New York inquiry
  • Tax Day food freebies: 14 restaurants offering deals
  • IRS site crashes as tax deadline looms[overlay type]IRS
  • IRS site crashes as tax deadline looms
  • Southwest Airlines fatality: GE-Safran venture made engine of Boeing jet
  • VW to change iconic logo amid electric-car push
  • Sun Country Airlines gives refunds after blizzard strands passengers
  • As confidence in Facebook plummets, workers’ median salary tops $240K
  • Trump files for tax extension with IRS, White House says
  • Walmart goes after Amazon with website revamp
  • Casino mogul Steve Wynn settles longstanding legal battle with ex-wife
  • On Tax Day, Republicans hope filers are mindful of tax cuts
  • Elon Musk invests another $100M into his ‘flamethrower’ startup

 

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

S&P 500 2,706.39 +28.55(+1.07%)

Dow 30 24,786.63 +213.59(+0.87%)

Nasdaq 7,281.10 +124.81(+1.74%)

Russell 2000 1,579.80 +16.77(+1.07%)

Crude Oil 66.66 +0.44(+0.66%)

Gold 1,350.30 -0.40(-0.03%)

Silver 16.78 +0.10(+0.62%)

EUR/USD 1.2371 -0.001(-0.08%)

10-Yr Bond 2.81 -0.02(-0.64%)

 9MarketIndicatorsYahooFinance4.16.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

 

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 –

Tax Day Debate

 

IsTaxationTheftFoxBusinessManufacturedHousingIndustryDailyBusinessNewsMHProNews

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).

4.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

April 17th, 2018 No comments

 

“Sadly, the growing recognition of [restrictive zoning for housing]
by scholars and policy analysts across the political spectrum has so far
not resulted in much political action.”

— Libertarian law professor Ilya Somin,

per the Up for Growth National Coalition,
April 2018.

 

Manufactured homes could ease the affordable housing crisis.
So why are so few being made
?”

–      Urban Institute,
January 2018

Overview

U.S. fell 7.3 million units behind housing demand from 2000 – 2015,” according to new research from the Up for Growth National Coalition, ECONorthwest, and Holland Government Affairs in a media release to the Daily Business News.

ExecutiveSummaryUndersupply7.3MillionUitsUpForGrowthDailyBusinessnewsManufacturedHousingMHProNews

 

Their figure for the production shortfall is similar to one used by the National Association of Realtors (NAR) Lawrence Yun, who says that the nation needs some 8.3 million housing units.

 

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Yun’s NAR research comes to a similar conclusion that Up for Growth has, namely, that there must be significant levels of new construction. Several housing experts believe that factory building is the faster, greener and less costly way of addressing that need. Manufactured housing is the lowest cost permanent housing, per U.S. Census Bureau data.

 

The housing shortage is far more severe than originally believed, and much more widespread,” said Clyde Holland, Founder and CEO of Holland Partner Group and Up for Growth Executive Chairman in their release. “From California to Maine, the supply of housing is simply not matching its growing demand. Not building enough new housing pushes rents up, forces quality of life down, and is a significant drag on the economy. As this research clearly shows, these trends and the barriers to building market-rate and affordable housing are unsustainable. To achieve affordable, sustainable, and vibrant communities, we need a new approach to housing.”

Against that backdrop, there’s the recently produced exchange captured on CSPAN between Housing and Urban Development (HUD) Secretary Ben Carson, and Senator Thom Tillis (R-NC).  That video is below.  Highlights include the fact that Carson called the progress and quality of manufactured homes “amazing.”  In response to Tillis question, Carson said the regulations at HUD regarding manufactured housing have been “ridiculous.”

 

 

Tip

We recommend to first time visitors and others not as familiar with these issues read the text of this report, and then circle back later to read the related reports, linked below. Those links provide additional information, quotes and/or documents.

 

Backdrop

Some tout an American energy policy which should include ‘all of the above’ energy production options.  Similarly, some promote an American affordable housing policy that includes a robust use of all kinds of housing, including housing retention whenever possible, plus the liberal use of modern manufactured homes.

CostBurdeningHousingUnderproductionUpForGrowthDailyBusinesssNewsManufacturedHousingMHProNews

 

But several factors have limited manufactured housing in the past decade-plus.  The graphics and information that follows provide context, point to causes, and potential solutions.

 

HousingStartsHaventKeptPaceUpForGrowthManufacturedHousingIndustryDailyBusinessNewsMHProNews

From the Up for Growth report.

 

SunCommunitiesSUI-InvestorPage11ManufacturedHomeVsSingleFamilyHousingManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

From publicly traded Sun Communities (SUI) investor presentation.

SunCommunitiesSUI-InvestorPageComparetoMultiFamilyHousing10ManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

Publicly trade companies produce reports like the one these in the recent Sun Communities (SUI) provides comparison data, showing the cost of manufactured housing viz a vis single family, and multi-family housing.

 

Some of the responsibility for those limiting elements are laid at the feet of public officials.  There has been a combination of a lack of enforcement of existing laws, as well as overreach on regulations.  Those details are found herein.

 

ManufacturedHomesGAO2014ReprotCompareApartmentsSingleFamilySiteBuiltHousingManufacturedHomesMHLivingNews

The Government Accountability Office (GAO) did a report in 2014 that produced reams of data that underscored the value of modern manufactured homes. For example, even with higher interest rates, manufactured homes are routinely the lowest cost per month for housing. https://www.manufacturedhomelivingnews.com/researchers-shake-up-american-dream-rent-vs-buy-ken-johnson-florida-atlantic-university-exclusive-to-manufacturedhomelivingnews/

 

Others within the manufactured home industry have – by action and inaction, commission and omission – allowed or encouraged policies that resulted in the consolidation of large parts of the industry into fewer hands.  The following published comments by others captures some of those viewpoints.

DougRyanAmericanBankerManufacturedHousingMonopoly-postedDailyBusinessNewsManufacturedHousingIndustryProNews-575x237

ManufacturedHousingIndustryMonopoly-Oligarchy-GeorgeAllen-PostedDailyBusinessNewsManufacturedHousingIndustryMHProNews-

Allen hasn’t denied these comments, but has toned it down, perhaps in a desire to sell his business interests to MHI, a suggestion he’s raised himself.

 

The above concerns have occurred in a manner that several public officials, along with private individuals, believe is monopolistic.

–      There is significant evidence of how this has occurred,

–      what this costs American society,

–      and the role that public officials have played in what many believe has been – at least in part – an artificially manipulated process.

Publications, politicos, and advocates across the left-right divide have commented on these trends, allegations, concerns, and forces.  This publication is far from alone, as the links and quotes reveal. What’s unique here is bringing the various elements into the scope of a single report, with additional linked references.

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

The solution to the affordable housing crisis is hiding in plain sight.  It’s found in the widely under-appreciated manufactured home (MH), which is much better than the majority of the public has been led to believe.

Who says so?

This report will cite:

  • MH Industry,
  • public officials,
  • outside experts,
  • a clip from a focus group of home owners,
  • and outlines the often-surprising findings of third-party researchers, that praise manufactured homes.

Those who take a different view are also briefly examined, each in the light of known facts.

 

Harvard’s Eric Belsky

Experts such as Harvard’s Eric Belksy believed manufactured homes would dominate in sales over conventional housing, by 2010.  That didn’t happen.  Why not?

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Belsky was aware of the slide in manufactured home lending and the repossessions that were occurring. See the new home shipment graphic below.  He still made this expert projection of the industry’s coming dominance. Some inside and outside of the industry believe that the kind of issues this report raises explains why Belsky missed the 2010 projection.

This survey will introduce the insights that can help answer that question.

We Provide, You Decide.” ©

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

Note how the Up For Growth period of insufficient growth in new housing has an inverse relationship to the dearth of new manufactured home production in roughly those same years.

 

MHARR on Federal Overreach, and the Under Use of Preemption

Responding to a question from MHProNews, Mark Weiss, J.D., President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) said, “the frost free foundation and on site completion rule matters reflect their overreach and are in violation of the manufactured housing statute.  More generally, their failure to do rule making and cost benefit analysis on multiple issues are other major problems,” are among the problems with the administration of the federally regulated HUD Code manufactured housing program.

MHARR members met with HUD Secretary Carson, who pledged to reform the program.

MHARR’s president has previously noted that it is “Time to Enforce Federal Preemption” – meaning, the preemption enjoyed by HUD Code manufactured homes under federal law.

 

Weiss has said that every day that the Duty to Serve (DTS) isn’t fully implemented by the GSEs – which is still under the supervision of the FHFA – is a “gift” to Berkshire Hathaway owned lenders.

Among Weiss’ concerns?

FHFA held closed door meeting(s) with Manufactured Housing Institute (MHI) and their member companies, and hasn’t released the minutes of that meeting(s).  Whatever occurred, the bottom line has been a failure to robustly implement DTS.

The GSEs pointed to a lack of current loan performance data from some larger firms in the industry among their reasons for not doing more to support manufactured housing under DTS.  But it should be noted that other data and research already made available to them suggests that there was sufficient evidence for the FHFA to prompt the GSE’s into doing more lending than the tiny pilots that Fannie Mae and Freddie Mac will be launching.

American Bankers Urged to Lend More on Manufactured Homes

From Hawaii to Boston, recent reports in the mainstream media spotlight the push-back and controversies tied to the use of manufactured housing. There are periodic and notable exceptions, such as the examples cited below.

Bloomberg, HousingWire, Realtor and Fox all suggest Manufactured Homes as Important Solution for Affordable Housing in America

But much of that resistance by politicos, some in media, and others are based upon false, misleading and/or outdated information.  Ignorance is part of the problem, so education is part of the cure.

Those public officials who’ve been properly exposed to the realities of modern manufactured homes – as Secretary Carson indicated – are often positive-to-enthusiastic.  One of several examples is found in the video below.

 

 

The comments in the video below were made in 2017.  They reveal the frustration and concerns shared by advocates for independent producers of manufactured housing.  They clearly state what they believe are important elements of what’s holding up the proven, largely private-sector solution, to the affordable housing crisis.

 

 

For at least two decades, third-party researchers have documented their belief in the quality of modern manufactured homes.  Some like Belsky and CFED – rebranded as Prosperity Now – have explained why manufactured housing would be an important part of the future of American home building.  The examples shown and linked are only a sampling.

 

RegulatoryBarrierstoManufacturedHousingPlacementinUrbanCommunitiesHUDPDR-postedManufacturedHomeLivingNews595x357 (1)

What the HUD PD&R screen capture – with linked download available here – reflects is a lack of understanding about how enhanced preemption could solve the affordable housing crisis using mostly private capital. The research is useful, but adding in the missing ingredient of enhanced preemption would make it priceless. 

 

University level research commissioned by HUD, part of their HUD Office of Policy Development and Research (PD&R) series, was published in 2011 under the title, Regulatory Barriers to Manufactured Housing PlacementThat research revealed that manufactured homes appreciated side-by-side with conventional housing.

So, one of the biggest reasons for “NIMBY” – Not In My Back Yard – fear of depreciation caused by manufactured homes nearby, is based upon a myth.  

But part of what makes the HUD PD&R noteworthy is the lack of commentary on federal preemption.

Since manufactured homes are proven to be dynamically similar in quality to conventional housing, and HUD’s own research demonstrates that there is no economic harm to neighboring homes, why not make a robust use of federal preemption?

 

Other Examples of Classic Ignorance – a Lack of the Facts

Many believe that crime and manufactured homes somehow go together.  But third-party research debunks that myth too.

Pride and Prejudice: The Truth About Manufactured Home Communities and Crime

On issue-after-issue – including windstorms and how manufactured housing performs during such events – the realities documented by research are different than what is generally believed.

Weather Expert’s Surprising, Bombshell Statement on Tornado Deaths and Affordable Manufactured Homes

Another study by two university professionals performed late in the Obama Administration suggests the following.  That not having a solution for affordable housing is costing the U.S. economy some $2 trillion dollars annually.  While their specific research doesn’t point to manufactured housing, it does reveal the kind of economic benefits that would flow if the Trump Administration would promote enforcement of existing laws.

Rephrasing, if the government enforces preemption and fully promoted the lending options the federal government already has established by law, more will become manufactured home owners, and more economic growth will follow.

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

So, why aren’t preemption and other federal laws already on the books properly enforced?

TruliaLowIncomeHousingImpactOnNearbyHousingValuesDailyBusinessNewsMHProNews600

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

 

The Urban Institute largely positive research on manufactured housing points to key, and troubling, clues to that question.  In fact, the Urban Institute raised that question, as the second quote at the top of this article reflects.

 

Disturbing Answers to Urban Institute’s (UI) Penetrating Question…

The Urban Institute’s report says that manufactured homes are quality. They point to land-use (restrictive zoning) issues, as does the Lincoln Institute or others.  UI notes financing challenges, and slower appreciation, but acknowledge that manufactured homes can and do appreciate.

It’s what’s not in their January 2018 report that point to arguably emblematic examples of what’s gone wrong for those seeking to advance manufactured housing as a key solution for the affordable housing crisis.

For example, when lending is cut off or restricted, that impacts all housing value, site built or manufactured. Further, supply and demand impact housing values.  What linked and other research reveals is that given a level playing field, manufactured housing preforms.

So, when affordable home ownership is widely seen as a social good, why is the playing field not level?

With proper understanding, lending, and public policies, the evidence suggests that manufactured homes would be a good investment for buyers.  Further, manufactured homes routinely provide lower income, and first time buyers an opportunity they may not get in any other way.  Or as one citizen told anti-manufactured home officials, it isn’t a crime to be poor.

“It Isn’t A Crime Time to Be Poor” Citizen Tells Anti-Manufactured Home Lawmakers

Research by CFED – rebranded since as Prosperity Now – reflects the wealth building potential for even lower income Americans.

ManufacturedHousingTopTenTruthsImHomeInnovationsinManufacturedHomesDailyBusinessNewsMHProNews

For the rest of the top ten, click here.

 

UI’s Undisclosed Facts

MHProNews learned that one of the four writers of the Urban Institute (UI) research – Ed Golding – used to work for HUD. In fact, sources with ties to HUD said the recently-removed administrator of the HUD Code manufactured housing program – Pam Danner, J.D. – reported to Golding.

Golding knows manufactured housing “well.”  Danner has been the source of years of growing controversy in manufactured housing. Why didn’t Golding and UI disclose his relationship to Danner? Conflict of interest guidelines in university style research suggest that even the appearance of conflict of interest should be disclosed.  So why are there no disclosures on the webpage of the report published by UI?

http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/wp-content/uploads/2017/11/GeorgeGunnelClaytonHomesRVP-WVMHIFMHAMHIHUDPamDannerMustGo.png

In spite of widespread concerns about Pam Danner, JD, at HUD and her problematic handling of the manufactured housing program, industry voices note that it took months of pressure before the Manufactured Housing Institute (MHI) began to relent, why? Click here.

Golding, like Danner, didn’t promote federal preemption.  Rather, what they did was authorize heavy regulations that fell disproportionately to smaller producers and independent companies.

 

PamDannerQuestionMarkLightBulbDailyBuisnessNewsMHProNews

Danner appeared on MHI’s stage, yet members and non-members alike found her handling of the program to be problematic.

 

Now You Will Hear — the Rest of the Story

So nowhere on the Urban Institute (UI) webpage where their report was published disclosed:

–      Golding’s bio, and his ties to Danner and HUD’s manufactured home program,

–      That the Manufactured Housing Institute (MHI) and Berkshire Hathaway owned Clayton Homes and affiliated lenders were part of the UI research, but that they were promised “anonymity” in the published report.  The reality of that statement is based on sources in UI, sent via email to MHProNews. No similar engagement by UI reportedly took place with MHARR members.  Why did only the major players get such special access to input on the UI report, which was published shortly before pending comments to federal regulators was due?

–      Or that Warren Buffett is a lifetime trustee of the Urban Institute.  Buffett also sits on the board of the Gates Foundation, which he’s given billions of dollars of Berkshire Hathaway stock to, and the Gates Foundation in turn donated millions to the Urban Institute.

While some of this can be learned elsewhere on UI’s website, or can be found via public records, none of these items noted in the bullets above were disclosed on the page where their report on manufactured housing is published.

In several messages by MHProNews with them, the Urban Institute only asked for one significant correction to our published reports. That one request?  It was on a point that UI was arguably mistaken. Namely, that the Daily Business News noted that Buffett indirectly had donated to their organization, as outlined in the bullet above, or as is documented in the report linked below.  Thus the concerns raised have gone essentially unaddressed, even though UI was given the opportunity to do so.

Urban Institute Ask for Correction in Analysis of their Manufactured Housing Research, “Follow the Facts,” “Follow the Money”

As manufactured housing advocate, the Rev. Donald Tye, Jr. has noted, the above has the look of interlocking directorates, which are an item that antitrust regulators look for when investigating a possible monopoly.

The Berkshire Hathaway dominated Manufactured Housing Institute (MHI) never publicly explained how Lois Starkey, a former vice president of theirs, ended up leaving them and going almost immediately to work for Danner at HUD.  When Danner was transferred away from the manufactured housing program recently, Starkey was dismissed by HUD.  It was learned by MHProNews that MHI requires non-disclosure agreements from their current and recent staffers.

HUD’s Pam Danner Announces former MHI VP Lois Starkey Joining HUD

 

Other Disclosures and Facts “Missed” by the Urban Institute (UI)

UI’s fails to mention enhanced preemption, or they largely underplay regulatory overreach.  Yet their report co-author – Ed Golding – certainly knew about these issues.

EdwardGoldingHUDFHAUrbanInstituteUILinkedInManufacturedHousingIndustryDailyBusinessNewsMHProNews

But perhaps as significant, is the clear failures to note that details about the capital/lending point – correctly raised by UI –  but which nevertheless fails to mention how Berkshire Hathaway benefited from FHA/HUD’s 10-10 rule.  Or how Berkshire brands have – at various times – allegedly interfered with the independents in the industry’s ability to tap into capital and lending. These are examples of federal law being applied or ignored in ways that harmed the many, but arguably have benefited the few as a result.

Is there clear evidence for Buffett’s Berkshire choking off lending or capital to kill off competition?

Yes, and it’s been published.

To date, this document shown below, signed by 21st President Tim Williams, stands unchallenged.

21stMortgageCorpTimWillamsJune112009LetterBerkshireHathawayWarrenBuffettClaytonHomesManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Another like it also exists, and is linked from the report found below. Not only is the above described by some industry professionals as a “smoking gun” for a monopolistic power play, its only part of a broader pattern that’s drawn concerns from across the left-right political and economic divide.

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

For example. The Nation, a progressive publication in a report linked further above, blasted Buffett’s Berkshire, specifically naming Clayton as part of their alleged monopolistic play.

Maxine Waters Statement, Preserving Access Manufactured Housing Act 2017, Warren Buffett, Clayton Homes

Maxine Waters and other Democrats have called Buffett’s Clayton a “near monopoly.” They demanded a federal investigation by the Consumer Financial Protection Bureau (CFPB) (see above, plus related reports and resources, at the end of this report).

The Campaign for Accountability has raised their own issues, and cite their sources.

 

 

Waters and others in Congress and beyond have noted that Berkshire Hathaway dominates the Manufactured Housing Institute (MHI).  Two of the four seats on their governing executive committee have been held for years by some of Buffett’s manufactured housing team members.  At present, the chair is a former Clayton division executive, and two others work for a Berkshire brand in manufactured housing.

The Preserving Access to Manufactured Housing Act – which MHI has spearheaded for years – has drawn fire from Waters and those who support no changes to Dodd-Frank.  Preserving Access has two main ‘legs.’

One is the repeal of the so-called MLO (Mortgage License Originator) rule, that arguably helps almost everyone in the industry involved in sales to the public.

The CFPB imposed MLO rule effectively muzzled the free speech rights of manufactured home sellers who didn’t take a test.  According to those who’ve taken the test, the MLO instructions largely have little or no applicable use for manufactured housing.  By contrast, real estate agents have no similar muzzle, and no such license required.  The same point could be made about autos or RVs.  Why does manufactured housing get this unwanted, special treatment?

The other leg raised the points-and-fees that can be charged on low cost loans. This benefits several in the industry, but primarily, benefited Berkshire Hathaway owned brands.

So, MHI – by going through unsuccessful (some say, posturing) efforts to mitigate regulations – is doing the bidding of brands that benefit either way.

Rephrased, Berkshire owned companies arguably benefit if Preserving Access passes or not. Yet this has been the centerpiece of MHI’s lobbying for years.

Manufactured housing for decades was made up for thousands of independent “mom and pop” operations. When smaller businesses give up the fight after years of ever-growing regulations, they will often sell out for less than their normal value would be absent those conditions.  This has led to consolidation of the industry’s smaller companies by larger ones.

While ex-Clayton man Ken Corbin offers a different interpretation of the data, he nevertheless points to some 10,000 independent business have failed in manufactured housing since its peak in 1998.  That 10,000 drop of retailers results in others failing or selling out for less too.

Ken Corbin “the 10,000 Drop,” points to Industry Woe, Causes of Manufactured Housing’s 10 & 20 Year Collapse?

Even Bank of America shut down their profitable manufactured home lending program.  They cited a combination of relatively low total volume, and relatively high regulatory risk.  Heavy regulation, and some would say artificially low new manufactured home sales volume. The U.S. Bank example should speak volumes to seriously researchers.

Barney_Frank wikipediaPostedDailyBgusinesNewsMHProNews

Barney Frank, official photo, credit Wikipedia.

It’s worth noting too that Barney Frank, who’s name is part of the Dodd-Frank bill, said in a letter linked here that some of the regulations imposed on manufactured housing were never indented to apply to the industry.

That letter from Frank to a constituent was provided by that MHProNews reader.  It was published here at that time, and later read into the Congressional record.  In spite of such evidence of legislative intent, the heavy foot-on-the-brake pedal from regulators continued.

It is worth noting that MHI has previously called Frank a ‘champion’ for the industry, and that MHI PAC money has reportedly flowed to him.

As MHI’s own VP said – in the linked report below – that there was essentially no chance of passing Preserving Access. Yet, the association kept pursuing for 4 years a course of action that was known in advance to essentially be doomed to fail.  Why waste the time and money?  Insiders say it in one or two words. Posturing.  Shadow boxing.

2012 Election Results and Coming Lame Duck Session

An MHI insider told MHProNews that ‘the big companies have figured out how to get the little companies to pay for what they want to do.’

Smaller firms, some of whom say off-the-record to the Daily Business News that they feel pressured to be MHI members if they want benefits such as access to 21st lending or other business – and are wittingly or not, feeding the hand that bites them.

So heavy regulations aren’t being mitigated by MHI, because the normal lobbying advocates seem to have an unstated agenda, which allows those regulations to act against the interests of smaller companies.  

In fact, the reason that MHARR exists in large measure is precisely because MHI has for years cozied up to regulators.  Those regulators in turn have imposed – or not mitigated – heavy regulations.

Economists, advocates, and some professional associations have noted, the larger the operation, the more easily it bears the costs of heavy regulation.

To rephrase, smaller companies are at a disadvantage with respect to heavy regulations. Thus, Berkshire Hatchway brands in manufactured housing would arguably benefit whether or not their Preserving Access bill passed.  The same is true of HUD or other regulations. 

What does MHI have to say about such things?

 

Heavy Regulations, Plus Choking Off Capital, Limiting Lending, and Closures or Reduced Price Sales of Businesses Results

Because of that pattern of choking off capital/lending, and heavy regulations, Berkshire owned Clayton has grown from 25 percent of the industry’s production to 50 percent in just 7 years. See Kevin Clayton’s own statements in the video further below.  They confirm Buffett’s strong distaste for competion, “foreign or domestic” – and confirm Buffett’s monopolistic concept.

That Buffett plan is dubbed as broadening “the Moat.”  Does it work?  The MHI produced data, shown below, suggests it does.

MHI-21stMortgageKevinClaytonClaytonHomesManufacturedHoomeCorporationsPlantsDailyBusinessNewsMHProNews_001

Hundreds of independent retailers closed or sold out for less due to the conditions described in this report. That in turn caused several producers of HUD Code manufactured homes to sell out, or close entirely. http://www.mhpronews.com/blogs/daily-business-news/was-the-urban-institute-misled-duped-or-part-of-a-manufactured-housing-industry-scam/

These aren’t conspiracy theories, as the Nation, MHARR, the Atlantic magazine, and several other sources from inside-and-outside of manufactured housing have made clear.

AmericasFastestDyingBusinessMobileHomesManufacturedHomesAtlanticIBISWorldDailyBusinessNewsResearchDataReportsMHProNews

IBISWorldAtlanticManufacturedHousingIndustryDailyBusinessNewsResearchReportsMHProNews

Heavy regulatory burdens, combined with choking off capital and other items noted in this report, would result in a loss of independent manufactured home retailers. That in turn would “kill off” or force to sell for less, independent producers of HUD Code manufactured homes that supplied those independents. IBIS World and the Atlantic were proven to be correct. Learn more, linked here.

 

Rather, they are examples of the truth hiding-in-plain-sight.

A close reading of Buffett’s modus operandi and business philosophy reveal quotes pointing to exactly what’s occured in manufactured housing.

The sharks in the waters of Buffett’s moat – see quote below – arguably include, but are not limited to, heavy regulations, cutting off or limiting finance, and capital options. These and other items may look at first blush like marketplace happenstance.  But upon closer examination, they were very much within Buffett’s brands and the association they dominate – MHI’s – ability to influence.  They were a combination of government regulations – and business strategies that utilized regulators – apparently working against smaller companies.  The results are jobs lost, and affordable housing opportunities for millions are lost via this process too.

WarrenBuffettTheMoatQuoteMemeManufacturedHousingIndustryDailyBusinessNEwsMHProNEws

 

Kevin Clayton cites “the moat” time and again, during an in-depth video interview, found further below.  These concepts of Buffett’s are stated in his own words.  He also says how they even use education and non-profits (see related reports, linked below) or other resources too.  Indeed, if MHI and UI (both nonprofits) are examples, each have both provided benefits to Clayton and other Berkshire brands operating in manufactured housing.

 

Preemption, Preemption…

University level researchers rarely mention preemption. Why is it so under promoted by MHI?  For example, why didn’t MHI have UI include it in their manufactured housing report? Some say MHI reports are ‘weaponized‘ to keep up the appearance of activity, while in practice doing little.  Note what former MHI Chair Nathan Smith said in the video posted in the resources, further below.  

As has been noted above, MHARR and independents want to see preemption promoted.

But federal preemption been throttled by prior administrations on both sides of the political aisle.

There may be a change coming under the Trump Administration, if they in fact “enforce the law,” which is a broad theme of theirs. HUD Secretary Carson has promised reforms.  He speaks in general terms about public private partnerships.

But Dr. Carson has not yet publicly commented on preemption.  If change is coming, it has not yet occurred.

Secretary Carson is scheduled to speak at MHI’s upcoming annual conference in Vegas.

Meanwhile, millions who could own for a home for less than rent are harmed by the issues noted herein. So too are the independent businesses that could serve them.

MHI produces ‘research,’ which is often a mish-mash of accurate and inaccurate information.  What are savvy shoppers who spot inconsistencies, or hear so much problematic reporting, to believe?  Why doesn’t MHI correct and address root issues, as needed?

By contrast, the RV industry is outselling manufactured housing by some 5 to 1.  Even towable RVs are higher cost per square foot, are a luxury item, and have avoided the kinds of onerous regulations that manufactured housing has. The RV example is just one of many ways of noting that an industry that shipped some 372,000 new homes in 1998, has slid, while RVs have risen.

MHI is the only national association that claims to deal with post-production issues.

RVAnnuaShipments2011to2016RVIALogoDataCompareManufacturedHousingIndustryDataDailyBusNewsMHProNews

 

Enforcing the Law

Arguably federal budgets would be reduced over time by a steady enforcement of HUD’s federal preemption under the Manufactured Housing Improvement Act of 2000. Why?  Because the need for subsidized housing would diminish over time.  As the legislation that created and supported manufactured homes (MH) notes, the industry is largely providing unsubsidized – and truly affordable – housing.

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RevDonaldTyeJrManufacturedHousingAdvocateQuickestWayWealthIndustryVoicesMHProNews500

 

Beyond Capital Control, Supporting Candidates Who Supported Policies Benefiting Buffett’s Business Units

Buffett backed Secretary Hillary Clinton for president, and President Barack Obama before her.  That would seem to run counter to what MHI and then Chairman, Tim Williams/21st Mortgage Corp said he wanted.

VicePresidentMikePenceWifeKarenHandOverHeartPledgeColts49ersGameWashingtonTimesDailyBusinessNewsMHProNews

Notice. One can agree or disagree with 21st Mortgage CEO and prior MHI Chairman Tim Williams’ presentation, from which the slide above was taken with permission.  But either way, the question remains.  How is it possible that Williams was intellectually at odds with Berkshire Hathaway Chairman, Warren Buffett. Or was it all, as some think, a head fake? ‘Shadow boxing?’  Buffett has noted that most don’t read as he does, and most don’t pay attention to history, as he does.

 

Other Avenues to Capital, Reduced or Delayed

On other avenues to access capital and lending, FHA, and the Government Sponsored Enterprises (GSEs) had what seemed like an unusual favoritism that tilted toward the practical benefit of Berkshire Hathaway.

The Duty to Serve (DTS) mandated by the 2008 Housing and Economic Recovery Act (HERA 2008), was designed in part to provide financing for manufactured housing.  But Berkshire Hathaway’s 21st Mortgage Corp President, Tim Williams, slow walked DTS (see linked report).

MHI memos to members touted their support for DTS.  But Fannie Mae’s Paul Barretto, when asked by MHProNews, admitted that neither 21st or Vanderbilt Mortgage and Finance – both owned by Berkshire Hathaway – provided them with the data they requested.

Another MHI lender shed more light on this topic, in the report linked below.

MHI Lender Shakes Up DTS and MLO Rule Discussions

On FHA Title I lending, a so-called “10-10” capital rule was established.  At that time, it meant that only 21st and Vanderbilt – again, both owned by Berkshire Hathaway – were the sole manufactured home lenders that could qualify to make those loans.  Once more, government set standards were set that benefited Buffett’s Berkshire Hathaway.

In fairness, MHI has made publicized efforts on many of these matters.

But they’ve come up short every time, and have for several years.

Thus some inside and outside of MHI have speculated, how sincere was the MHI effort?  For example, why did other industries escape similar regulations from the CFPB, when manufactured housing couldn’t?

KennyLipschutzQuotePoorJobOfLobbyinginMHIndustry-postedMHProNews48thMHINCClist

An MHI member company.

Manufactured housing state associations were largely forced to play along, per reports from state executive directors to MHProNews.  See the report, linked below. Since that report was published, even more state association executives have privately confirmed the same allegation.

Most states are as-or-more dominated financially and in the numbers of members/board positions as MHI is by Berkshire Hathaway,  and their allied firms.  These state execs, if they like their jobs, can’t publicly buck MHI or Buffett’s brands.

But two states, who were not as tied to Berkshire Hathaway, broke with MHI last year. They specifically cited MHI’s failure to do what they claim to be working toward.

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

ELS’ Sam Zell has not per se pointed his finger at Berkshire or MHI, which is company is a member of, and has had a board seat too.

But the description Zell’s made of the industry’s failures in finance leaves few other realistic options to consider as to what he meant by his published comments.

ELS’ Sam Zell – Compliance Costs Destroys Smaller Businesses = Consolidation

 

Media, MHI and Berkshire Hathaway

MHI member Frank Rolfe blasted MHI last year for their failure to engage the media as needed to defend and promote the industry.

SuzanneFelberFrankRolfeRichardADickJennisonAmericanHousingAdvocatesManufacturedHousingIndustryDailyBuisnessNewsMHProNews600

MHI uses surrogates, like Suzanne Felber, to promote them and/or attack those who question their policies and positions. Several – if not all of these apparent surrogates – receive money directly from MHI, or from a Berkshire Hathaway brand, and/or get other benefits – or some combination of the above. These concerns and allegations are found inside and outside of the MHI membership.

Sources say that 21st Mortgage and others involved with Berkshire Hathaway “spoke with” Rolfe, who after several critiques of MHI and their leadership were published here in MHProNews, went silent late in 2017.

21st is an apparent sponsor for Rolfe.

But prior to going quiet about MHI, Rolfe had plenty to say.

FrankRolfeMHIHypocrisyQuote-MHProNews

While MHI award-winner Marty Lavin’s comments were made about a different topic. That said, don’t his principles apply to the pattern of activity noted herein?

FollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMartyLavin6MillionYachtManufacturedHousingIndustryDailyBusinessNews600

Lavin is an MHI award winner, and a success story in communities, retail and finance.

What Lavin has been outspoken about were items related to issues like financing and the public image of the industry.

Marty Lavin Lashes the Manufactured Housing Institute’s (MHI) Latest Initiative

Lavin has lashed MHI directly on their media engagement, or lack thereof. Failure to address the image/media issue, per numbers of industry members, holds the industry back in its public acceptance.  For that matter, failure of federal officials to clear up the record as it relates to their work with manufactured housing also causes the industry harm.

“Kevin…the Problem of Your Industry…”

Yet, Berkshire Hathaway owns a number of their own media outlets.  MHI has its own media relations people. They routinely won’t engage to correct the record, as needed. What gives?

Kevin Clayton in the softball video interview in the related reports further below said they were prepared 7 years ago to work on the image issue.  It was only late last year, as the heat around MHI has risen, that a tepid, toe-in-the-water effort was finally launched. It’s been an embarrassment in terms of public impact.

Why haven’t they done more, when the stories about manufactured housing are so compelling?

The working hypothesis by many is that by allowing the foot-to-stay-on-the-brake pedal via:

–      heavy regulation, which disproportionally impacts smaller firms than larger ones,

–      failure to enforce preemption,

–      failure to address the image issue and engage with the media, while posturing such via ‘advertorials’ that have proven to have no noticeable market impact,

–      capital control,

–      and limiting lending,

all of these have resulted in pressures on independents.  The net result, in the time since the video interview with Clayton produced, (shown further below),  half of manufactured housing production, and in some states, up to 6o or 70 percent of retail sales from a sales center or community, flows through Clayton Homes and/or a Berkshire Hathaway connected brand.

In a one trillion-dollar annual housing industry, manufactured housing sank instead of grew for several years.  That’s the opposite of what Eric Belsky and others believed would happen.  Don’t the facts and concerns noted help explain why?

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

L. A. “Tony” Kovach, photo by Mark Simon, shows Kovach engaging with SAAs in NY.  State officials were being accused of having a rogue field regulator. Kovach is the publisher of the industry’s two largest and most popular trade media, MHLivingNews.com and MHProNews.com.

Belsky wrote his projection for manufactured housing before Warren Buffett bought Clayton.

The year Buffett bought Clayton, he then bought and combined it with Oakwood Homes.  That created in about a year the industry’s largest producer.  Their size and market domination — using their moat principles – have steadily grown since then.

Sometimes outrageous cases of local officials overreaching on manufactured housing take place.  For example, New York State had a regulator that reportedly said he would put manufactured housing “out of business” in his state.

What did HUD’s Danner do?

What did MHI do?  It was not until months after Dr. Carson became HUD Secretary, that Danner was finally removed from the HUD program.

 

Conventional Housing, and Up for Growth

Conventional ‘on site’ or stick-builders are not able to keep up with the growing demand for housing. The new report by the Up for Growth National Coalition states it would take many years to catch up.  See their chart below.

What the facts suggest is that that factory-based home building alone is able to more rapidly train workers, and ramp up housing production. Site builders can’t compete with manufactured housing on affordability.  Nor can they readily compete in speed of construction.

UptheGrowthHousingSHortageAdditionalHousingProductionNeededPerYearDailyBusinessNewsMHProNews

In theory, a factory can ramp up production more rapidly than conventional builders can. The costs will also be lower, and the homes will be ‘greener,’ with less waste too.

At some point, sources suggest that Clayton will decide they have absorbed as much of the retail and production in the industry as they can, without stirring up even more legal challenges to their alleged plan to monopolistically dominate manufactured housing.  While there is word that DOJ is investigating, there is no announced case to date involving Berkshire, MHI and ongoing allegations of monopolistic practices.

ManufacturedHousingIndustry50000CommunitiesCavcoManufacturedHousingInstituteMHIDailyBusinessNewsManufacturedHousingIndustryFactCheckMHProNews

 

CapeCodStyleHomeManufacturedHousingIndustryDailyBusinessNewsMHProNews

There are a wide variety of styles available in manufactured homes today, including multilevel models, or those built over a partial or full basement.

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

Every home in the collage above is a HUD Code manufactured home.

 

Buffett and Politics

Buffett has said he won’t attack President Trump.  The Trump Administration, if it follows through on stated principles, may offer some hope for regulatory relief, as MHARR and others have argued.

But while Buffett himself has largely been silent since the election, his surrogates have been attacking the president.

Buffett Blasts Trump, via Classic Twist

While

  • legal challenges,
  • federal investigations,
  • regulatory reviews,
  • and other efforts slowly work their way through the system,
  • thousands of manufactured home operations have been forced out of business or sold out for less than their value would have been under normal conditions.
  • Is it a coincidence that this fits Buffett’s self proclaimed love for a bargain?
  • Or how it fits his oft-repeated principle of expanding “the moat?”

Industry observers and advocates note that much of this would not be possible without various federal agencies overtly putting the thumb on the scales in ways that harms smaller, independent business.

Acts of omission and/or commission have caused consolidation that may seem at first blush to be ‘natural’ forces at work in the market. But upon a closer look, they appears to be anything but natural, once the details are studied.  And that’s an advantage to those involved, because it requires study of an industry that has sat unjustly in the shadows for far too long.

This isn’t to necessarily imply that there are a number of back room deals, although they are possible.

But the reality exists that onerous regulations have harmed the manufactured home industry, and a conglomerate has benefited from that time and again.  Intelligent readers can do their own math.

RegulationsCostShareHomePrice-creditNHAB-postedDailyBusinessNews-ManufacturedHousingIndustry=MHProNews-com-

Source, NAHB study.

regulatory-compliance-costs-for-manufacturers-source-national-assoc-manufacturers-posted-masthead-mhpronews0-com-_001-575x298

Source, NAM.

 

Related Nuts and Bolts

Berkshire’s Tim Williams’ can’t take back his own point that responding to negative media could benefit the industry.  It is normally what associations like MHI do.  But for whatever reasons, MHI has in fact has either largely avoided, or has done with fanfare and little impact.  The logic would be to respond to false claims as they arise, to correct the record, and in time, establish the reality.  Williams admitted to MHProNews that doing so would be a reasonable course of action.

TimWilliamsMediaRelationsManufacturedHousingIndustryDailyBuisnessNewsMHProNews-500x277

MHProNews was engaged for years at MHI, until they ‘discovered’ that we were news, and said in writing that they had no such membership category.  Our publisher spent years working within their system. He was routinely praised for pro-industry work.

TimWilliamsMHProNewsMHLivingNewsGoodCommunicationsResourcesILogonLatestNewsBigAssetExplainWhyIndustryVoices-768x339

MHProNews’ publisher arranged for public discussions at MHI events of how problematic issues could be successfully addressed.  Those efforts were praised. But they were not followed up on.

AnnParmanVPManufacturedHousingInstituteMHILogoLATonyKovachMobileManufacturedHomeLivingNewsMHProNews800

Williams, who for years was MHI’s chairman, can’t deny his prior praise for the independence, and value of this and our sister publication, MHLivingNews.

TimWilliamsWeAllMakeMistakesTonyCorrectedErrorsDailyBusinessNewsMHProNewsSo against that backdrop, why didn’t MHI’s SVP Rick Robinson answer questions about their policies and postures regarding HUD?  Or other problematic decisions made by the Arlington, VA based association?  Robinson ducked questions in front of dozens of industry professionals, gathered at a 5 state association meeting in Deadwood, SD in 2017.

RickRobinsonManufacturedHousingInstituteMHIDailyBuisnessNewsMHProNews

MHI’s president – knowing MHProNews had called for pointed questions at an event that was not theirs to control – cancelled a public presentation in January 2018, after the following report was published.

The Top Twelve Questions for Manufactured Housing Institute (MHI) CEO, Richard “Dick” Jennison

MHI and Berkshire Hathaway have declined numerous opportunities to debate or respond to these issues in public.  Instead, they’ve attempted other means of distracting or detracting from those who raise these concerns.  MHARR has made similar observations.

So while everyone is innocent until proven guilty in a court of law in America, the concerns noted above have gone unrefuted by MHI, or Berkshire Hathaway.

What will happen with Secretary Carson and the HUD Code manufactured home program?

 

Summary

The nation needs millions of units of affordable housing.

The Census Bureau says that manufactured housing is about half the cost of conventional construction.

HUD regulations requires that manufactured homes perform like conventional housing, and it does so at dramatically reduced costs. Manufactured housing enjoys – on paper – “enhanced preemption” established by the Manufactured Housing Improvement Act of 2000. So, the solution hiding in plain sight is manufactured housing.

Much of the affordable housing crisis could be solved by private capital, so long as enhanced preemption was routinely enforced.

Enhanced preemption and a robust use of Duty to Serve (DTS), FHA lending, and other government backed loans would level that playing field for independents in manufactured housing, and would make manufactured home purchases even more affordable for consumers.  Over time, that could correct the association challenges that currently exist, because of alleged Berkshire Hathaway dominance.

Conventional building can’t keep up with the needs, and would take longer to ramp up than factory builders would.

Be it the tragic need for housing in Puerto Rico post-Maria, or the growing need for affordable homes in Hawaii, or for the rest of the nation in between, manufactured homes are a proven path for millions.

Hawaii’s First “Trailer Park” on Oahu – Civil Beat’s Report Draws Heat

And once understood, modern manufactured housing is appealing enough for even millionaires and billionaires who gladly own them.

If they are good enough for the rich and famous, why not society at large?

Movie Mogul Rupert Wyatt and Screenwriter Erica Beeney’s Magnificent Manufactured Home

Why Are Billionaires Attracted to Manufactured Homes?

To borrow a phrase from Rand Paul about the two major parties and apply it to the manufactured housing industry, there is evidence of an “unholy alliance” – tacit or active – between government and deep pockets that have kept this solution for affordable housing from being fully and properly deployed.  Whatever the unseen realities may be, the known results are the same.

This, say researchers, costs the nation perhaps 2 trillion dollars a year in lost productivity that would otherwise exist. Millions could be building equity in affordable homes, instead of throwing their hard-earned money away on rent. After over 18 months of published reports, giving MHI and Berkshire Hathaway numerous opportunities to respond, they’ve ducked the questions – and allegedly pressured advertisers – instead.

Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.” – Arthur Conan Doyle, author of the Sherlock Holmes detective tales, per BrainyQuote.com.  ## (News, analysis, and commentary.)

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

Related Reports and Videos:

Videos begin with MHI President Richard “Dick” Jennison surprisingly arguing for slow growth. Low volume puts pressure on – and reduces the values of -smaller companies.

Next, is Nathan Smith – then MHI chairman – laughing about keeping the good news about the industry a secret, and admitting that MHI had made mistakes and needs to be more pro-active in the future. The problems noted have resulted in consolidation in production, land-lease communities – like the sector that Smith is working in – and retail. Nice admission, but did MHI performance in fact improve? Over four years later, where is a single clear cut MHI win on a big issue?

One may not realize it from the bulk of media reports, which routinely go unanswered by MHI’s media relations people, as Frank Rolfe noted. Yet, manufactured home owners – per third party research – are happy with their homes and lifestyle. The affordable housing focus group video includes comments from actual manufactured home owners. This is part of a planned multi-segment series.  Part one, is linked here.

Kevin Clayton in this softball interview below makes numerous surprising admissions about Warren Buffett, and how their grow “the moat” concepts operates. As Clayton says, the moat is designed to ever expand.  Buffett’s said he expects them to successfully expand and expand. That hurts competition.  Reports linked on this page further below are used to illustrate some of Kevin’s comments. Otherwise, the words spoken are unaltered.

Warren Buffett quotes followed by Buffett in his own words are the focus of the video below.  They show Buffett explaining some of the same concepts – such as “the moat,” and use of capital, which Kevin Clayton spoke about in his video, above.

Award winning independent retailer, Alan Amy, explaining why billionaires are buying up manufactured housing.

A montage of home owners and professionals, including a retired real estate agent, millennial, and a vet, all talking about their manufactured homes.

A walk down memory lane that takes viewers through trailer house, mobile home, and manufactured housing history in just minutes.

Industry professionals, on stage, questioning the effectiveness of MHI and their legislative efforts.

The reports linked below are just some of the dozens of reports published by MHProNews.  MHARR has done their own research.  It should be noted that for years, MHProNews published both MHARR and MHI news.  MHI suspended providing their news directly to MHI a few years ago, well prior to the more recent ‘heavy fact checks’ of their work.

Equal Justice, Citizen Power, and Manufactured Housing

“The Solution to the Affordable Housing Crisis is Hiding in Plain Sight”

 

Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

Tunica, Nashville Trade Shows and Manufactured Housing Glory Days

MH Lending, FEMA and False Profits (and False Prophets)

MHARR vs. MHI on DOE Energy Rule, Pushback Pay$ Off?

NAHB Report – High Cost of Regulations Impact Housing – and Manufactured Housing

 

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

An Examination of Manufactured Housing as a Community- and Asset-Building Strategy, Harvard JCHS, NeighborWorks, Ford Foundation

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

While Manufactured Housing Overall Rises, Some Slip Sliding Away

$58,000 PreFabs, Videos, Updates of More Hi-Tech Backers

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

 

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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.

Stocks Rally on Economic, Earnings, and Geo-Political News – Plus MH Market Updates

April 16th, 2018 No comments

CNNmoney4.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsU.S. markets rallied Monday as strong corporate earnings helped investors brush off geopolitical concerns, and the Dow rose by triple digits. That data will be our stock market focus report for this evening.

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:

  • How Russian retaliation could hurt America
  • T-Mobile fined $40 million for “false rings”
  • Allegiant Air can ride out safety questions raised by ’60 Minutes’ report
  • Every top New York Times best-seller this year has been about Trump
  • New Yorker and New York Times win 2018 Pulitzer for Harvey Weinstein reporting
  • Black men arrested at Philadelphia Starbucks agree to meet with CEO
  • See the arrest that spurred Starbucks protests
  • Domino’s will deliver pizza to the beach
  • Clash of the Titans: Adidas and Nike continue to battle it out
  • Trump names two more picks to fill Fed Board
  • Trump contradicts own Treasury Department with China currency tweet
  • Britain’s biggest carmaker cuts 1,000 jobs
  • Battle over sales taxes on online purchases heads to Supreme Court
  • India’s Ola wants to put a million electric vehicles on the road
  • CEO of $20 million startup could lose his visa and his business
  • Getting fired was the best thing that happened to this billionaire
  • CEO of world’s biggest ad agency steps down
  • NYC will require sexual harassment training for workers

Selected headlines and bullets from Fox Business:

  • Dow posts triple-digit gains on earnings optimism
  • Netflix stock rallies as 7.4M subscribers added
  • Trump Fed nods: Pimco exec, bank commissioner
  • Comey trying to sell books, not save America: Conway
  • IRS asks for extra cash: Are Americans more at risk of being audited?
  • Amazon hits pause on plan to sell drugs as challenges mount
  • Treasury spokesman fires back at Pelosi: This is what economic growth is
  • T-Mobile to pay $40M after false ring tones, rural call glitches
  • Home Depot co-founder: Profits are not the only measure of success
  • SoftBank may bid for Tronc newspaper chain
  • Allegiant Air under fire after ’60 Minutes’ safety report
  • Steve Ballmer: Government lacks courage to balance budget
  • Trump backs state bid to tax online sales as case reaches Supreme Court
  • Starbucks CEO meeting 2 men arrested in Philadelphia store

 

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

S&P 500 2,677.84+21.54(+0.81%)

Dow 30 24,573.04 +212.90(+0.87%)

Nasdaq 7,156.28 +49.63(+0.70%)

Russell 2000 1,563.03 +13.52(+0.87%)

Crude Oil 66.30 -1.09(-1.62%)

Gold 1,348.70 +0.80(+0.06%)

Silver 16.67 +0.01(+0.04%)

EUR/USD 1.2379 +0.005(+0.41%)

10-Yr Bond 2.83 +0.00(+0.11%)

 9MarketIndicatorsYahooFinance4.16.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue4.16.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Daily ticker MHCV was unavailable at the time this graphic was captured, but the MHCV at the close today is as shown above.

 

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 –

Wall Street is coming off a positive week, during which forecasts for a robust earnings season overshadowed lingering uncertainty over U.S. trade,” reported right-of-center Fox Business.

Analysts believe companies in the S&P 500 will report the best earnings growth in six years. Companies that have reported first-quarter earnings so far have said tax cuts and strength in the U.S. economy have fueled profits,” per a report this evening.

 

Economic data released Monday included retail sales, which increased by 0.6% in March, snapping four months of declines. The Empire State Manufacturing Survey, which monitors manufacturing in New York state, was also released on Monday, and the April reading came in at 15.8 versus the prior 12.5,” they said.

This morning’s video interview on RLJ Companies founder, Robert Johnson, has related data and insights that compliment the two videos, and data above.

PresidentTrumpFLEconomicNewsFoxBusinessManufacturedHousingIndustryDailyBusinessNewsMHProNews

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).

4.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

Emerging Trends, Opportunities, Reflected in Interview with America’s First Black Billionaire, Robert Johnson

April 16th, 2018 No comments
RobertJohnsonBETRLJCompaniesDailyBusinessNewsMHProNews

Credit, CNBC.

Industries, companies and professionals ignore or overlook emerging trends to their own peril.

 

Significant trends are emerging in the black community, that bear close attention, as a recent interview with America’s first black billionaire, Robert Johnson indicates.

 

Background

Nationally, under 9 percent of manufactured home residents are blacks or African Americans, per the research done by the Consumer Financial Protection Bureau (CFPB) for their 2014 white paper on manufactured housing.

CFPBWhiteppaerRaceEthnicBreakdownManufacturedHousingIndustryHomeOwnershipResidentsDailyBusinessNewsMHProNews

In places like the Chicago metro, there are some land lease communities that have sizable black populations.  In various parts of the country, the black population presents a well-established customer base for manufactured housing sales.

But more is possible, and needed.

As HUD Secretary Ben Carson, M.D., noted last year, home ownership is statistically one of the keys to wealth building. Carson said that the typical renter has a net worth of about $5000, while the typical home owners net worth is about $200,000.

ManufacturedHousingShareofOccupiedHousingUnitsByStateCFPB2014MHIndustryDailyBusinessNewsMHProNews793

In that observation, Carson echoes research produced by CFED (rebranded as Prosperity Now), or commentary by manufactured home advocate, the Rev. Donald Tye, Jr.

The ideal outcome for the vast majority of Americans is to see more home ownership, and a decreasing need for subsidized housing.

In that regard, reams of research reflects the fact that manufactured housing is the all-star solution for largely unsubsidized homes that are affordable to the vast majority of the population. This is true in part because of its superior affordability – and as Carson noted – the surprising quality of modern manufactured homes.  See the related reports for more insights, linked at the end of this article.

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

Tye explained that in his experience, subsidized public housing – an entitlement – often yields addiction and other problems. Ownership vs. renting or living in “projects” leads to integrity, a view he likens to those of Dr. Martin Luther King, Jr.

Home sales – conventional and manufactured – often track with employment data. As employment rises, and incomes grow, so too does housing sales.

 

Johnson’s Interview in that Context

In that context, the comments of BET founder Robert Johnson’s interview with CNBC are noteworthy for social, economic, political and opportunities to increase home ownership to a population that lags behind other racial groups.

RobertLJohnsonBETFounderRLJCompaniesFounderWikipediaDailyBusinessNewsMHproNEwsPut differently, the improvements in black employment and earnings, combined with relatively low levels of home ownership are strong potential target markets for manufactured housing companies.

Some of the bullets by CNBC in the video interview with Johnson include:

  • The growing U.S. economy and improving business environment bringing black workers back into the labor force, BET founder Robert Johnson told CNBC.
  • When you look at that, you have to say something is going right,” Johnson says.

 

Highlights from Johnson’s Video Interview

In January, the Labor Department reported the unemployment rate among black workers was at its lowest since at least the early 1970s, when the government began tracking the data.  The unemployment rate for African Americans was unchanged in March at 6.9 percent.

When you look at that [January report], you have to say something is going right,” said Johnson, whom CNBC describes as a Democrat and founder BET and chairman of The RLJ Companies.

You have to take encouragement from what’s happening in the labor force and the job market,” Johnson said “When you look at African-American unemployment, … you’ve never had African-American unemployment this low and the spread between African-Americans and whites narrowing.”

Johnson said that means the jobs market is “soliciting employees who have been out of the labor force, some of it based on discrimination, some of it based on changes in education, access and technology changes.”

Johnson noted several positive initiatives undertaken by the Trump Administration. “I believe if you take into account the Trump tax cut, you take into account the drop in unemployment, … and you take into account that interest rates are fairly stable,” he said.

I believe the economy is on a strong growth path,” Johnson added. He said he didn’t think economic growth would hit 5 percent, which his friend and long-time CNBC contributor, Larry Kudlow, says could happen.  Kudlow recently joined the Oval Office’s economic advisory team.

PresidentTrumpCenterRobertJohonsonRTraciBluntTransitionNBCManufacturedHousingIndustryDailyBusinessNewsMHproNews

Working with POTUS Trump?

Johnson spoke about a job offer he received from Trump during the transition. He said he didn’t take the unnamed position because he didn’t want a government role, not because of any disagreement with the president or his policies.

No matter what the president would do,” Democrats and other political opponents would slam the president, Johnson said. He spoke about concerns over the “deep state.” But he stressed that “Something is going right,” for blacks and the nation as a whole.

 

Rhetoric and Charlottesville

Johnson told the president-elect during the transition, “Do not say, ‘what do you have to lose.’” Rather, he encouraged the president to talk about what they have to gain from a Trump Administration.

Those gains are now being felt.

Johnson said he’s met with the president since the transition. He spoke about his “access” to Steve Mnuchin, the Labor Department, and GOP leaders like Senator Tim Scott (R-SC).  Johnson said he’s working on issues related to “leakage” in “small dollar 401K accounts,” which if changed, would help blacks and others.

He also spoke about serving black banks, among numerous other issues raised.

 

Pressed by CNBC panelists on Charlottesville, the president’s rhetoric, and Donald Trump’s alleged racial bias from some quarters, Johnson said, “I don’t think he’s racist.”

 

RLJ Companies Insights

From third party sources, and from a listing on their website, the influence that Johnson has in the black community is apparent.  A few pull quotes from their website:

  • Johnson was named by USA Today as one of “The 25 Most Influential Business Leaders of the Past 25 Years.”
  • In 2014, three of Johnson’s holding companies were featured on the Black Enterprise 100s list: RML Automotive, LLC ranked 1st in a category of 60 in the auto dealership rankings; RLJ Equity Partners, LLC and RLJ Credit Management, LLC ranked 12th and 14th respectively on the private equity firms list.
  • Currently, Mr. Johnson serves on the following boards: RLJ Lodging Trust; RLJ Entertainment, Inc.; KB Home; Lowe’s Companies, Inc.; Retirement Clearinghouse; Elevate Credit, Inc.; The Business Council; and Smithsonian Institution’s National Museum of African American History and Culture. Mr. Johnson holds a Master’s degree in international affairs from the Woodrow Wilson School of Public and International Affairs at Princeton University and a Bachelor of Arts degree in social studies from the University of Illinois.

 

The Bottom Lines?

Johnson is a highly educated, successful, and a very well-connected professional.  He clearly sees value to the Trump agenda for African Americans, but also for the nation at large.

As Johnson noted, the facts about rising employment, opportunities, and income for blacks are all good signs.

He’s met with the president on a number of occasions.  Johnson seems to believe that the president isn’t the racist that some of his opponents would have people believe. He clearly stated that the agenda is a good one for blacks and for the country.

Black Americans lag behind other ethnic groups in housing ownership.  The comments by Johnso – combined with insights from HUD Secretary Carson about the amazing” quality found in today’s manufactured homes – all point to potential opportunities for more industry professionals to better serve the needs of the black community.

HUD Secretary Ben Carson and Senator Thom Tillis Discuss Affordable Housing and Manufactured Homes, Video

Carson noted several times last year that home ownership is important for wealth building, a point that manufactured home advocate the Rev. Donald Tye, Jr. has also stressed. ## (News, analysis, and commentary.)

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

Related Reports:

Trump Administration and the Manufactured Housing Industry

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

Affordable Housing, and Today’s Manufactured Homes, Yesteryear’s Mobile Homes

“Move, Open, Live” De Rose Industries & Senator Thom Tillis’ Mobile Home Comments

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

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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.

Buffett Blasts Trump, via Classic Twist

April 13th, 2018 No comments
KingBillGatesWarrenBuffettWomansHairBeardCNETDailyBusinessNewsMHProNews

Bill Gates reveals the lighter side…”What do billionaire friends do in their spare time? Goof off, tease each other and eat junk food, just like the rest of us,” CNET.  Buffett’s on the board of the Gates Foundation, and has given it billions in stock.

The Daily Business News reported over a year ago, Warren Buffett’s public statement that he’s not in the business of attacking a president, and he has no plans to do so with President Trump.

 

As CNN Money, Kevin Clayton and others have noted, Mr. Buffett has numerous contacts with billionaires, – like Bill Gates, shown with Buffett in the photo above –  politicos and other connections.

WarrenBuffettKevinClaytonClaytonTinyHouseBerkshireAnnualMeetingDailyBUsinessNewsMHProNews

This photo and the next two still pics are from the Berkshire owned Omaha World Herald. Buffett is routinely in the Herald, is often on CNBC, and in other media too.

Howard Buffett, Buffett’s son, has recently criticized the 45th president’s border policy, in the context of hawking his new book (see report, linked below).

Warren Buffett’s Berkshire Hathaway has numerous media assets, according to his most recent letter to Berkshire shareholders.

 

 

Among them?  The Oracle of Omaha’s hometown newspaper, which routinely fawns about Buffett and Berkshire –- including a recent photo spread of classic Buffett photos, including the chairman standing next to a mural of himself.

WarrenBuffettPosesByLargeMuralOfWarrenBuffetUNOUnivNebraskaOmahaMammelHall2013DailyBusinessNewsMHProNews

 

That said, it’s interesting that Warren Buffett – who very publicly promoted Secretary Clinton – appears to be targeting the president personally – in spite of his denials of doing so since the election.

These third party attacks via surrogates seem to be an effort to undermine some of the president’s policies.  But it may also be yet another a Buffett warning shot to the president, don’t take on my companies

CNBC and Newsmax are among the media on each side of the left-right divide reporting on how an old transcript of a 1991 Buffett address with students at Notre Dame has surfaced. Why now?  Why via social media?

WarrenBuffettAllMyChildrenJillLarsonOpalCOrtlandtWorldHeraldDailyBusinessNewsMHproNews

Many political enemies of the president are trying to ‘slime’ him.  Hmmm… here’s a photo of Buffett with a younger woman on a TV show, spotlighting his ego in his own home town paper. Buffett reportedly separated from his wife for years before she died; they never formerly divorced.  So, what if that and related were routinely touted? Is either a fair measure or treatment of two imperfect, yet successful men?

First, Newsmax notes “Former hedge fund manager Whitney Tilson posted a transcript of three lectures Buffett gave at Notre Dame 27 years ago.”

What neither Newsmax nor CNBC spotlighted, are facts like this – starting with a pull quote about Tilson and his ties to Berkshire from Seeking Alpha –

  • Whitney Tilson’s latest email to investors: 1) I have invested my children’s college accounts in 50% Berkshire (BRK.A, BRK.B)…”
  • Or in the Financial Times, where the long-time hedge fund manager Tilson said “my favorite safe stocks (like Berkshire Hathaway…”

As multi-decade industry success story, expert and observer Marty Lavin has said to MHProNews, Pay more attention to what people do than what they say,’ and “Follow the money.”

Isn’t the 1991 Tilson transcript just another Buffett surrogate doing his bidding?

As was reported a few weeks ago, the Urban Institute (UI) was used to indirectly carry water Buffett, Berkshire, Clayton and their manufactured home lending brands. Buffett said not a word, but is a lifetime trustee of the Urban Institute.  Officials at UI told MHProNews that those sources with Berkshire brands in manufactured housing, including the Manufactured Housing Institute (MHI) role in providing input for the UI report on manufactured homes were promised “anonymity.”

In short, there’s a notable history of third-parties doing communications that magically prove useful to Buffett, Berkshire, his business units.  There is also evidence that suggests he can target an opponent using such cat’s paw methods.

 

A Pattern…

It’s not a smoking gun, like the 21st document signed by Tim Williams.

Rather, this seemingly planted story of an old attack on Trump by Buffett is part of a pattern of indirectly undermining President Trump. Yet, the president’s policies have proven to be a positive force for the nation’s economy, including the manufactured housing industry. See that report, linked below.

Trump Administration and the Manufactured Housing Industry

On the date of the State of the Union (SOTU), MHProNews spotlighted that the Buffett-Bezos-Dimon announcement was apparently timed to drop the markets, prior to the president taking a public victory lap on the then sharp, steady rise in the markets.

The question industry professionals and Americans in general should ask, why would billionaire Buffett be taking indirect shots via surrogates at the president now?

There’s been an ongoing campaign by the Trump opposition – dating before the election, but has been ongoing – to “slime” the president, as the Drudge Report headline this morning suggests.

The president has been signaling anti-trust (anti-monopoly) action.  Buffett watchers, including left-of-center Bloomberg, have noted that one of the biggest concerns Berkshire’s chairman has is the break up of his conglomerate.

Clayton Homes has announced yet another acquisition of a site builder.  Vanderbilt has made a recent move into manufactured home community lending, and is moving into acquisitions of conventional mortgage lending. The 21st Mortgage smoking gun report stands unrefuted.

In fact, no rebuttal is even offered to that evidence or other allegations – only red hearing attempts to distract the industry’s attention.

That’s true for the allegations made by the Nation, or others across the left-right media and political divides.

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

The trajectory of the manufactured home industry is unmistakable.

Will the Trump Administration act against Buffett’s Berkshire brands like Clayton, 21st and VMF? “We Provide, You Decide.”  © ## (News, analysis, and commentary.)

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

Related Reports:

Who Will Replace Warren Buffett at Berkshire Hathaway? Expert Insights, Video & Manufactured Home Industry Outlook

President Raises the M-Word, “Monopoly,” Plus Manufactured Housing Industry Market Update$

From 2017, while Steve Bannon was still part of the White House team…

Steve Bannon, White House Chief Strategist, Wants Google, Facebook Treated Like Monopolies

Clayton Homes, Manufactured Housing Industry News, Reality Check

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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.

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.

Manufacturers Roaring Back, Hiring, Growing, Investing – Plus MH Market Update$

April 12th, 2018 Comments off

CNNmoney4.12.2018ManufacturedHomeStocksMarketsReportsMHProNewsCall it a victory lap, joy, or exuberance. Manufacturers who were struggling just a few years ago, are now roaring.  Data points and the president’s talk today about it all are 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 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:

  • FTC to keep Uber on short leash over hacks
  • The middle class is growing again — but slowly
  • Dow climbs almost 300 points as trade concerns ease again
  • H-1B visa applications are down again
  • Virtual reality and a shoe shine: Nordstrom makes a big bet with new store
  • Tesla clashes with Feds over autopilot crash investigation
  • With first witness, AT&T aims to undermine DOJ’s case against Time Warner bid
  • Congress grilled Facebook’s Mark Zuckerberg for nearly 10 hours. What’s next?
  • Mark Zuckerberg made $3 billion while he sat for Congress’ questions
  • Volkswagen names new CEO in sudden shift
  • Baron Davis opens up about racism under Donald Sterling
  • Bitcoin surges 10% in an hour ahead of tax day
  • Bed Bath & Beyond tanks on gloomy outlook
  • Former doorman involved in story of alleged Trump affair speaks
  • How the National Enquirer is promoting the Trump presidency
  • ‘Alexa, play my kid a podcast.’ Parents look for screen-time alternatives
  • Giving new moms paid leave is essential. But so is helping them return to work
  • Should I take out a loan to pay my debts?
  • Regulators push to shrink big banks’ rainy-day fund by $121 billion
  • Experts warn Europe: Don’t grant robots rights
  • New Zealand may have just killed its oil industry

Selected headlines and bullets from Fox Business:

  • Trump says tax cuts allow workers to pocket more
  • Dow rallies as Trump reconsiders Pacific pact
  • Crude oil prices off prior session’s highs
  • Tesla, NTSB clash over fatal car crash probe
  • Ryan mulls Wall Street paycheck when House term ends
  • Best and worst retirement cities in terms of cost
  • Illinois town pension problems lead to massive layoffs
  • California DMV allows illegals to vote: GOP chairman
  • Toys ‘R’ Us store lease auctions leave vacancies
  • Linda McMahon: Small businesses remain optimistic after tax overhaul
  • Boehner, Weld-backed pot company IPO bound
  • Volkswagen ousts CEO in management shakeup
  • Trump tax cut work bonuses slammed by Sen. Corey Booker
  • Hedge fund titan owes massive $1 billion tax bill, report says

 

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

S&P 500 ^SPC 2,663.99 +21.80(+0.83%)

Dow ^DJI 24,483.05 +293.60(+1.21%)

Nasdaq ^IXIC 7,140.25 +71.22(+1.01%)

Russell 2000 ^RUT 1,557.33 +10.52(+0.68%)

Crude Oil CL=F 67.16 +0.34(+0.51%)

Gold GC=F 1,337.50 -22.50(-1.65%)

Silver SI=F 16.44 -0.32(-1.93%)

EUR/USD EURUSD=X 1.2326 -0.0042(-0.34%)

10-Yr Bond ^TNX 2.83 +0.04(+1.58%)

 9MarketIndicatorsYahooFinance4.12.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

 

 YahooFinanceManufacturedHousingCompValue4.12.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

There is the monthly production report provided by the Manufactured Housing Association for Regulatory Reform (MHARR). 

MHI produces a partial (incomplete) modular report quarterly, and their own monthly report.

OptimismAmongSmallManufacturersHighestEverRecord94.5Percent.ManufacturedHousingIndustryDailyBusinessNewsMHProNews

So there are a variety of reports that you simply don’t find in manufactured housing. So, its necessary to turn to other sources for data points.  We look to associations such as the National Federation for Independent Business (NFIB), National Association of Realtors, or tonight to the National Association of Manufacturers (NAM) for insights not found in manufactured housing.

93.5PercentManufacturersPositiveEconomicOUtlookDailyBusinessNewsMHProNews

It should be noted that the NAM data points jibe with the anecdotal reports heard from HUD Code manufactured home producers.

ManufacturersProjectingHistoricGrowthNAMManufacturedHousingIndustryDailyBusinessNewsMHProNews

From right-of-center Fox Business.

Married couples won’t pay a dime of income tax on their first $24,000 of income,” President Donald J. Trump said. “A typical family of four earning $75,000 a year will see their tax bill slashed in half.  Nobody thought they’d ever see that — have a lot more money to spend.”

The president touted the success of the Tax Cuts and Jobs Act, telling an audience in the White House Rose Garden that the recent reforms have allowed workers to pocket more money.

Trump’s speech came amid surging optimism among American manufacturers thanks to the after-effects of the GOP’s recently-implemented tax reform law.

Some 93% of manufacturers have a positive outlook on their company’s prospects in the U.S. economy – the second-highest level ever recorded by the National Association of Manufacturers (NAM) –  its most recent quarterly survey revealed.

Per NAM Media Release to MHProNews

JayTimmonsNationalAssociationManufacturersNAMFoxBusinessDailyBusinessNewsMHProNewsEmpowered by tax reform and regulatory relief, manufacturers are now investing in our people through new jobs, higher wages, bonuses and growing our operations right here in the United States,” Timmons said in a statement.

The survey showed that manufacturers expected full-time employment to increase by 2.9% on average over the next year, an all-time high by the survey’s standards. Companies also said capital investments are likely to rise by 3.9% over the next 12 months, while inventories are expected to rise by 1.7%.

Among the items manufacturers are hoping to see moving forward in order to continue boosting optimism in the sector are the implementation of the $1.5 trillion infrastructure revamp, continued deregulation and increased opportunity to sell products overseas.

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).

4.12.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

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.

 

Marketers Alert – Galloway on Zuckerberg, FB – Plus MH Market UPdates

April 11th, 2018 Comments off

CNNmoney4.11.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere are several reasons why manufactured home professionals ought to be closely watching what’s developing with Big Tech in D.C.  Scott Galloway weighs in on Facebook founder Mark Zuckerberg’s testimony, which is our market focus 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:

  • The Fed plans to hike interest rates even faster
  • Bank of America to stop lending to makers of ‘military-style firearms’
  • America’s part-time worker problem is permanent, San Francisco Fed says
  • Oil prices jump to highest level since 2014
  • Why trillion-dollar budget deficits may be on a fast track to $2 trillion
  • Now Wall Street’s worried about real war
  • Spotify and Hulu team up for $13 subscription bundle
  • 5 questions Mark Zuckerberg dodged on Capitol Hill
  • Mark Zuckerberg just finished nearly 10 hours of questions from almost 100 lawmakers
  • Your Facebook data scandal questions answered
  • Watch: These are the most confusing questions Congress asked Zuckerberg
  • Analysis: Senate fails its Zuckerberg test
  • Mark Zuckerberg’s Senate testimony in two minutes
  • CEO caught in middle as Viacom, CBS merger talks get ugly
  • Union fires officials linked to fake Black Lives Matter page
  • Trump signs executive order pushing work requirements for the poor
  • ESPN+ launches into hazy future with ‘Last Days of Knight’
  • How to get on a hiring manager’s radar without being annoying
  • Late start on retirement saving? Here’s how to play catch-up
  • China will link its stock market to London this year
  • IMF chief: Global trade system is ‘in danger of being torn apart’
  • You’ll pay 14% more for gas this summer, forecast says
  • Chinese investment in the US dropped 36% last year
  • Europe wants to make it easier to sue companies

Selected headlines and bullets from Fox Business:

  • Dow slips 219 points as Trump signals missile strike on Syria
  • Volatility sees the most action ever this year
  • Oil rises to highest level since 2014 on Mideast turmoil
  • Zuckerberg goes to Washington: What we learned
  • House Speaker Paul Ryan won’t seek re-election
  • GoFundMe for Canadian youth hockey crash victims raises $8.5M
  • White Castle debuts plant-based sliders that ‘bleed’
  • Pot company taps John Boehner, Ryan’s predecessor, for board
  • Sears to sell 16 stores in online auction
  • Facebook is a monopoly; break it up: NYU professor
  • Diamond and Silk ‘not terrorism’: Zuckerberg admits error handling conservative pages
  • Cambridge Analytica acting CEO steps down amid Zuckerberg testimony
  • Fed wary of trade war, says tax cuts a ‘significant boost’
  • Strawberries top ‘Dirty Dozen’ list of most contaminated three years in a row
  • Russia eyes US goods as Moscow mulls sanctions response

 

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

S&P 500 2,642.19 -14.68(-0.55%)

Dow 30 24,189.45 -218.55(-0.90%)

Nasdaq 7,069.03 -25.27(-0.36%)

Russell 2000 1,546.70 +3.26(+0.21%)

Crude Oil 66.79 +1.28(+1.95%)

Gold 1,356.80 +10.90(+0.81%)

Silver 16.67 +0.07(+0.45%)

EUR/USD 1.2369 +0.0015(+0.12%)

10-Yr Bond 2.79 -0.01(-0.25%)

 9MarketIndicatorsYahooFinance4.11.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

 

 YahooFinanceManufacturedHousingCompValue4.11.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

There are several reasons why manufactured home professionals ought to be closely watching what’s developing with Big Tech in D.C.  Scott Galloway weighs in on Facebook founder Mark Zuckerberg’s testimony, which is our market focus tonight.

We’ve featured Scott Galloway before, but what he says about Mark Zuckerberg is potent.

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

Herman Cain, a good man, get’s it half right in this video, notice Galloway’s come back to half of what Mr. Cain said.

 

There is a looming sea change in marketing, and that, per sources, is likely regardless of if it is from regulations, breakup or both.  Then, consider what Galloway says, with respect to Berkshire Hathaway, and manufactured housing.  If the ball gets rolling on going after monopolies, expect it to spill over into MHVille.  The question may be when, not if. 

ManufacturedHomeMarketerslertShakeupFacebookGoogleOnlineMarketingLandscape

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).

4.11.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.