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Not Renaming Manufactured Homes, Redefining Manufactured Homes – Tiny House Lessons Learned

May 7th, 2019 Comments off

 

NoRenamingManfuacturedHomesRedefiningManufacturedHomesTinyHouseLessonsLearnedMHProNews

Let’s be clear. Tiny houses are a fad or trend that provides numerous lessons for the factory-built housing industry.  That doesn’t mean that we have to rename everything as a tiny house.  It may be useful to use that phrase on a truly smaller HUD or other code factory-built home.

 

But this report is about more than ‘what’s in a name?’

Tiny house videos break all kinds of norms that numbers of manufactured home marketers mistakenly believe in.  Rephrased, that means there are lessons to be learned from this video specifically and generically.

We aren’t going to give away and unpack every detail from this video. But in the first day or two, this specific video had outperformed every Manufactured Housing Institute (MHI) video made to ‘promote’ manufactured homes combined. It blows away the results from Clayton Homes new, costly “Prefabulous” campaign.  Ouch, but again, there are lessons to learn.

It may look cool, but it is also a house on a trailer frame. Think about that for a few seconds, and hundreds of thousands of people think this is cool!

 

 

It took the couple in this video 6 months to build this Do It Yourself (DIY) tiny house on a trailer frame. The couple was unemployed at the time, so they took that time to do the work, but also had help.

Now think about the value of the monetary value of that time.  Then think about the fact that they could have gotten a job and earned money during that same timeframe.

Here in the U.S., they could have purchased a far larger HUD Code manufactured home with the cost in time, talent, materials, etc. that was required to do that same DIY tiny house.

Millennials are among the age groups that think that tiny house living is cool.  We aren’t going to spell out every detail or nuance in this column, but let us say this.  Manufactured housing is underperforming.  The indicators are all around us, historic, other industry trends — including videos like this one posted above.

How can you break out of the trap of low volume sales? First, by being willing to learn the common sense lessons, ponder how it may apply, and be willing to think and do differently from the pack.

“Out-Performing the Market” Robert Robotti, Value Investing, and Manufactured Housing

You are at the right place to start.  For professional growth and business development services, click here or below.  To sign up for our industry leading email, click here or below.

There are common sense indicators that manufactured homes could be 5, 10, perhaps 20 times or more higher sales levels in local markets like yours than the industry is achieving today. RVs outsell MH 5 to 1. MH used to outsell RVs 3 to 2 in 1998.

Our publisher and industry consultant, L. A. ‘Tony’ Kovach has said that bit of marketing lore, “You either define yourself, or others will define you.  If you allow others to define you – your product, service, business, industry, or you personally – then depending on the motivations of those others, they may define you to your disadvantage.  Learn how to define or redefine yourself and your manufactured home products or services in your market(s).”

The blend of historic and other lessons learned are all part of the path to increased success.

Clayton Homes and the trade association that they purportedly dominate, MHI, either know what they are doing or they don’t.  Either way, they too are underperforming, aren’t they?  Why not learn that obvious and valuable lesson? Why follow the leader that takes you to a dead end, or declining sales?

That’s this morning’s first look at “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” ©

 

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

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

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

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

Related Reports:

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Warren Buffett’s Profitable Lessons for Manufactured Housing

Declining Manufactured Home Shipments More Serious Than Retailers, Communities Being Told

 

 

 

 

 

 

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


Ramadan 2019, Faith, Fear, Drama – plus Manufactured Housing Market Updates

May 6th, 2019 Comments off

CNNmone5.6.2019ManufacturedHomeStocksMarketsReportsMHProNewsControversy for its own sake is not the goal here at MHProNews. There is a strong need to respect the rights for freedom of religion and free speech for all. At the same time, freedom should not be cover for extremism and violence. Tonight’s market report will be a bit different, as you will see.  On a day when trade talk (again) impact on the markets was a dominating topic, and there were more MH losers than gainers, we thought we’d shake it up on the start of Ramadan with this special report.

 

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

 

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

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

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

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

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

 

LeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • Dow makes major recovery, rebounding from 471-point plunge
  • Analysis: If the US and China can’t agree on trade, the Fed may need to cut rates after all
  • LIVE UPDATES Dow falls 66 points, recovering from morning plunge
  • The US-China trade war: How we got here and why it matters
  • Retailers warn Trump: They say tariffs will boost prices, hurt jobs
  • Trump takes investors by surprise: Tariff Man blindsides Wall Street
  • Trade talks: China is still planning to attend despite Trump’s tariff threat
  • Going public: Uber picked one hell of a week for its Wall Street debut
  • Warren Buffett says trade war would be ‘bad for the whole world’
  • Kraft Heinz to restate earnings for 2016 and 2017 after employees faked numbers
  • CBS News shakes up morning and evening lineups
  • Elon Musk’s statements about Tesla are ‘horses**t’, David Einhorn says
  • Starbucks’ Chinese rival Luckin looks to raise $586.5 million in US IPO
  • Lord & Taylor may go up for sale
  • What every first-time CEO should know
  • Planet Fitness is moving into old Toys ‘R’ Us and Sears stores
  • French telecoms company and former CEO face trial over wave of suicides
  • Wendy’s is bringing back its spicy chicken nuggets. You have Chance The Rapper to thank
  • Man buys Tesla with money he made with Alexa’s help
  • The meatless burger revolution is just getting started
  • Warren Buffett gives his take on the future of Apple
  • Huawei is the only major smartphone brand still growing in China. Apple is fading fast
  • Apple’s iPhone sales fall 17% from prior year
  • Apple is making it easier to recycle your old iPhone
  • Experts say iPad screen time is bad for kids. Here’s why I’m ignoring them
  • A startup that’s never launched a rocket keeps landing big contracts
  • Jeff Bezos’ rocket company launches another test of its tourism spaceship
  • Elon Musk sets bold goals. But has he delivered?
  • Hear some of Elon Musk’s most ambitious predictions
  • What’s the next internet-like investing opportunity? Some on Wall Street say it’s spaceflight

Select Bullets from Fox Business

 

  • Trump’s tariffs: Where we are, where we might be going
  • US stocks rebound after huge early session plunge
  • Instagram shopping could be worth $10B to Facebook
  • Hurricane season 2019: Most Americans think storms are getting worse, study says
  • Golf pro Bubba Watson takes CBD to recover after tough days on the green
  • Piscopo: Adam Sandler, ‘SNL’ Trump roast was fair and balanced
  • Most expensive US infrastructure projects
  • Kentucky Derby disqualification cost bettors millions of dollars
  • Kentucky Derby’s 2-time Triple Crown trainer Bob Baffert a $287M horse racing institution
  • Maximum Security owner appeals Kentucky Derby disqualification
  • Most affordable cities for middle-class homebuyers
  • Fuel tax hike back in focus as lawmakers talk infrastructure
  • China’s 100-person trade delegation in limbo after tariff tweet storm
  • Uber, Lyft drivers to strike ahead of Uber’s big IPO
  • Biggest challenges facing small business owners
  • Major doctor shortage predicted by 2032
  • Royal baby could give royal boost to UK, even US, economy
  • Billionaire Mark Cuban reveals shocking ‘side hustle’ that paid $25 an hour: ‘I’d take that job now’
  • Tyson Foods expands recall to almost 12 million pounds of chicken strips
  • Warren Buffett slams bitcoin as a ‘gambling device’
  • EXCLUSIVE: Tim Cook ‘thrilled’ Berkshire’s Buffett owns Apple stock
  • Berkshire’s Buffett calls himself a ‘card-carrying capitalist’
  • Trump absolutely right to slap new tariffs on China
  • Real reason Congressional Democrats trash Barr: Varney
  • Trump China tariff threat comes as markets enter Twilight Zone

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

9MarketIndicatorsYahooFinance5.6.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

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 –

 

Ramadan2019FaithFearDramaPlusManufacturedHOusingMarketUpdatesDailyBusinessNewsMHProNews

There are not enough who ponder how the largely open southern border is a security issue for not only criminal activity, but also possible terror.

At the same time, there is a rightfully a need to balance facts and fear. 

So we’ve provided a series of videos this evening, that cross the left-center-right spectrum on the issue of Islam and Ramadan. As this writer grew up in a predominantly Muslim nation, I could weigh in, but would prefer to handle it today, this way. Let’s see what others have to say.

Canada PM Justin Trudeau message for #Ramadan 2019

 

 

Terrorist attack in Sri Lanka leaves more than 200 dead

 

 

 

Security high as small Sri Lanka church holds mass

 


 

Sri Lanka Terror Attacks: Muslims to keep Ramadan celebrations low-key

 

 

In Sri Lanka, some Muslims say, this year, they’ll keep Ramadan celebrations low-key out of respect for the victims of the Easter Sunday bombings. Many are also worried about a potential backlash after Daesh claimed responsibility

Is Islam a Religion of Peace? 

Is Islam a religion of peace? Is it compatible with Western liberalism? Or does Islam need a reformation, just as Christianity had the Protestant Reformation? Somali-born author and activist Ayaan Hirsi Ali explains.

 

 

Let’s close with a snapshot of issues from our last report from Iran.

 

Related Reports:

“You Made Me, Promises, Promises…” Historic Iranian, American Lessons in Freedom

 

Bloomberg Closing Ticker for MHProNews…

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

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

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

5.6.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.”

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

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

 

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


Declining Manufactured Home Shipments More Serious Than Retailers, Communities Being Told

May 6th, 2019 Comments off

 

DecliningManufacturedHomeShipmentsMoreSeriousThanRetailersCommunitiesBeingToldDailyBusinessNewsMHProNews

The new data for March 2019 is in. This May 2019 HUD Code production data update is arguably more serious than any other bloggers or trade media in manufactured housing dare publish.

 

This Daily Business News on MHProNews report will reflect the latest toplines. But it will also shed light on how this 7 month trend arguably more serious than alternative theories promoted by numerous ‘association mush’ sycophants that are emanating from several corners of MHVille.

Let’s bullet some of the reasons why this new data further below is arguably worse than what many are saying.

 

  • First and foremost, there is an affordable housing crisis. FEMA, inventory adjustments, and other excuses that Joe Stegmayer, Kevin Clayton or others who regurgitate their words without analysis have shared are arguably just that, excuses.  Stegmayer contradicts himself on that very point, as the link above reflects, because encountering declining new manufactured home shipments during a growing affordable housing crisis is arguably a klaxon that should signal ‘all hands-on deck’ to get to the root issues.
  • Thousands of manufactured homes that are going into manufactured home communities are rental units. As MHProNews exclusively reported, taken in aggregate, there are producers – both MHI, MHARR members or non-aligned producers of HUD Code manufactured homes – that have told the Daily Business News on MHProNews the following for years.  If rentals going into manufactured home land-lease communities were factored out, the true level of new home sales has been largely flat or are declining in numbers of states.
  • Given the arguably growing number of negative reports in the media that can be traced back to the influence of Warren Buffett dark-money recipient non-profits, such as Manufactured Housing Action (or MHAction) is an issue that MHProNews alone has raised publicly.
  • Bad news stories coming out of Iowa, California, Colorado, New York or other states are routinely connected to MHI “big boy” community or other members.

Let’s be clear.  There are retailers, communities, and producers who can sincerely report improving results in new home sales. But that doesn’t change the fact that the overall trends are down.

What follows are details from the Manufactured Housing Association for Regulatory Reform (MHARR), released earlier today.  It should be noted that MHARR makes their reports, used as is with proper credits, available for others to publish. Which begs the question. Why does MHInsider, George F. Allen, MHR, or others fail to publish these kinds of reports?

More after their report, which follows.

 

FOR IMMEDIATE RELEASE                                                            Contact: MHARR

(202) 783-4087

 

HUD CODE PRODUCTION DECLINE CONTINUES

 

Washington, D.C., May 6, 2019 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year HUD Code manufactured home production declined once again in March 2019. Just-released statistics indicate that HUD Code manufacturers produced 7,590 homes in March 2019, down 14% from the 8,830 homes produced in March 2018. Cumulative industry production for 2019 now totals 22,359 homes, a decline of 12.4% from the 25,531 HUD Code homes produced over the same period in 2018.

This ongoing significant production decline, following a long period of only modest industry growth after its modern-era production low in 2009, underscores the importance and validity of the decision by the MHARR Board of Directors to begin aggressively tackling (by mid-May) three major issues – zoning exclusion, placement discrimination, and the failure of the Government Sponsored Enterprises, to date, to provide market-significant securitization and secondary market support for manufactured home personal property loans. These three major issues, individually and in combination, have worked to inhibit and stifle the growth of the manufactured housing market after the industry’s outstanding homes leave the factory, and deny millions of Americans the affordable, non-subsidized homeownership that manufactured housing can uniquely provide.

ManufacturedHousingAssocRegulatoryReformMHARRTop10ShipmentStatesManufacturedHomesMarch2019v2018BTW, the video posted below is the source for the feature image above. It is a reminder of what several publicly traded companies investor reports reflect. Namely, that they are a source of about 1/3 of all new HUD Code manufactured home orders.  In the case of many land-lease communities, those properties are often buying rental housing to fill vacant sites, instead of filling vacant sites with sold or spec-for-sale manufactured homes.

 

 

 

It will also be recalled that some weeks ago, the Wisconsin Housing Alliance (WHA) Executive Director Amy Bliss told MHR that she was worried about a possible downturn.  But that was in the wake of MHI – who Bliss is arguably a routine surrogate for – was touting “momentum” in the MHI self-promotion video.  Given that MHI could or should have advance data on these trends, one can argue that MHI deliberately misled their own members.  To ‘soften’ what the powers-that-be knew was coming, did Bliss float her comments? 

 

 

MHI’s outside attorney had the chutzpah to threaten MHProNews for reporting the following using their own graphics and stills. 

 

LeveragingMomentumCreationNewClassofManufacturedHomesManufacturedHousingInstituteMHILogoDailyBusinessNewsMHProNews600

MHI1085mediaplacementAudience84MillionMHIVideoStillMHILogoDailyBusinessNewsMHProNews

Warren Buffett was right about good journalists asking the questions others have not. Why aren’t others in the industry asking these questions? Why is MHI telling exaggerations at best, arguably demonstrable falsehoods at worse, to their own members and the industry at large?

ManufacturedHousingIndustryShipmentsCavcoIndustriesCVCOMHIDailyBusinessNewsMHProNews

MHI’s own member companies make the point, in their own words, that the industry is preforming under its historic norms.

March2019MHARRManufacturedHousingAssocRegReformTop10states8StatesInDeclineMHProNews

See the related reports, below the bylines, free email headline news signup, other offers, and notices. 

Others are peddling spin, propaganda, deception, lies – whatever one may want to call it. Perhaps that’s why MHProNews traffic has roughly doubled in about a year

TonyKovachbookshelfJimCollinsWeathermanRainLATonyKovachDailyBuisnessNewsMHProNews

That’s this Monday evening edition from the #1 most-read “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

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

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

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

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

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

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

Related Reports:

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

 

Warren Buffett’s Profitable Lessons for Manufactured Housing

B2B Statistics, Trends 2019 – April 2019 Snapshot of Manufactured Home Professional Readers

George F. Allen’s Unity Call for MHI, MHARR, and National Association of Manufactured Housing Community Owners (NAMHCO) Examined

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

“Lead, Follow … Or Get Out of The Way”

 

HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

 

 

 

 

 

 

 

 

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


Warren Buffett, Charlie Munger Video Interview at Berkshire Hathaway Annual Meeting on GSEs Lending for Affordable Manufactured Housing and Clayton Homes

May 6th, 2019 Comments off

 

WarrenBuffettCharlieMungerVideoInterviewBerkshireHathawayAnnualMeetingGSELendingAffordableHousingClaytonHomes

For those that are new or want a refresher, the exclusive report by the Daily Business News on MHProNews of the Clayton Homes related 2018 data from Warren Buffett and Berkshire Hathaway is found at the report linked from the text-image box below.

 

 

2018 Berkshire Hathaway Annual Report, Clayton Homes, Shaw Data Revealed, Facts Others Lack

 

This weekend has witnessed the so-called “Woodstock of Capitalism,” the 2019 edition of the Berkshire Hathaway annual shareholders meeting in Omaha, NE. An estimated 40,000 plus were expected to attend.

Yahoo provided coverage of the event, and the video below is from that source.  Per Yahoo, “Buffett said it would be “very good for America” if Fannie Mae and Freddie Mac did more to help finance manufactured homes, such as those made by Berkshire-owned Clayton Homes.”

 

 

There is a lot to unpack from this 4 minutes, 2 second long video.

As close, thoughtful, and longtime readers of our pro-industry trade media platforms already know, there have been allegations for years of market manipulation by Clayton Homes within the manufactured housing industry and finance space.  One such report, based upon a letter from Tim Williams at 21st Mortgage Corp, the words of Buffett himself from that same year, and a nearly 1-hour long video with Kevin Clayton, are all found at the link above.

What is discerned from this weekend’s statement by Buffett and Munger ought to be viewed through that lens, and what follows.

Furthermore, there are sources inside the GSEs, and from a Berkshire brand led by CEO Tim Williams at 21st that indicated that for some time, the powers-that-be from Omaha-Knoxville metros worked first to foil, and more recently, to redirect lending from Fannie Mae and Freddie Mac away from the bulk of manufactured housing.

 

For such reasons, the Manufactured Housing Association for Regulatory Reform (MHARR) has been engaged in a tough, protracted battle to encourage the full implementation of the law, not just a partial one.

 

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

MHARR Calls on New Fannie Mae CEO Hugh Frater to Fully and Properly Implement Federal Law

With all due respect to Buffet, as the next link reveals, there have been times that what he said did not line up.

More recently, HBO’s Last Night Tonight with John Oliver viral video errantly dubbed “Mobile Homes” reflected the revelation that it was Buffett’s brands and Manufactured Housing Institute (MHI) connected companies that were causing the industry blowback in mainstream media reports.  Our publisher in a letter published in 5 markets in Florida, including Jacksonville called on the public to hold those responsible for purported misdeeds, not the industry at large.

Warren Buffett must be construed in the light of not only his words, but also of the deed of the brands they own.  Furthermore, as Buffett and Berkshire has been wont to fund both sides of certain battles, that raises fresh concerns, as the report linked here documents.

Those points and the linked evidence and logic from those articles should be kept in mind by investors, advocates, researchers, policy wonks, politicos  — plus, of course, the industry’s home owners and professionals.

That said, will Buffett’s comments this past weekend could potentially be used to encourage Fannie Mae and Freddie Mac to lend on all manufactured homes, or just on select ones, as the Clayton-MHI backed ‘new class of homes’ effort promotes? Time will tell.  But as with all things connected to Buffett, it bears a nuanced consideration. See the related reports, further below.

That’s this post-dawn Monday morning episode of professional life in MHVille, exclusively from the #1 most-read “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

 

Warren Buffett’s Profitable Lessons for Manufactured Housing

“Mobile Home Militia,” Retail/Production Sources, Sound Alarm Against Clayton Homes, CMH, New “Anti-Competitive Practices” Allegation

News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

CFPB and 21st, Second Shoe Drops? Flooring w/21st Mortgage Corp? Insider Tips

Tim Williams, PBS News’ Bad Bargain, Manufactured Housing Institute, Buffett’s Mirror, and Clayton’s Costume

Manufactured Housing Institute’s Monthly Economic Report Spotlights Challenge, What MHI, WHA’s Amy Bliss Said

White Collar Shakedown, Fear, Hobbs Act, and Manufactured Housing Independents Struggles

 

 

“Lead, Follow … Or Get Out of The Way”

 

MHARR Calls on New Fannie Mae CEO Hugh Frater to Fully and Properly Implement Federal Law

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

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


Nobility Homes Annual Report – New, Illustrated Investor’s Corporate Snapshot of Manufactured Modular Home Producer

May 6th, 2019 Comments off

NobilityHomesAnnualReportIllustratedCorporateSnapshotManufacturedModularHomeProducerMHProNews

Unless otherwise noted, the sources for the information that follows are from Nobility Homes (NOBH) 2018 annual report and/or their company’s website, YouTube page, or other company information.  It is being provided here under fair use guidelines.

 

Rephrased, this is our report, uses information from their firm, but is not commissioned by their company.

The Daily Business News on MHProNews has reported recently on Cavco Industries, Skyline Corporation, Legacy Housing, and Deer Valley Homebuilders, among other publicly traded manufactured home producing companies.  It has been a while since we’ve spotlighted Nobility, which is being rectified by this report.

While Cavco Industries (CVCO) and Skyline-Champion (SKY) had declining performance in their share value during the reported period MHProNews covered using Bloomberg-supplied data, Nobility (NOBH) has witnessed an ever-so-modest lift in their share value, year-over-year (YoY).

The closing tickers for the most recent manufactured home connected tracked stocks on the evening/nightly Daily Business News on MHProNews report are linked here.

 

NobilityHomesNOBHManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

As investors know, public firms must meet Securities and Exchange Commission (SEC) reporting requirements.  The information they present is deemed to be accurate and is audited.

In principle, that makes it more useful for not only investors pondering the industry, but also for the industry’s professionals in general.  In the USA today, anyone can say almost anything they wish, true or not. By contrast, in publicly traded corporate reports, while the data is ‘dry’ in the sense that it is not written as soaring poetry or prose, it is valuable on several levels.

MHProNews has made extensive use of pull-quotes in Nobility’s statements in what follows.

The Daily Business News on MHProNews has skipped certain sections, and have not herein specifically identified those bypassed portions below, for the sake of easier reading.  Those who want to read the entire document can download it at the end of this report.

Our rules-of-thumb for determining what we’ve published below vs. what was omitted is simple.

  • What would be of the greatest interest to the most industry readers?
  • What would give more insights to both insiders and outsiders keen on manufactured housing who are looking in?

That said, let’s dive into their interwoven narratives.

Photos are generally from their website and or are video stills that are not part of their 2018 annual report.

 

TerryTrexlerPresidentCEOFounderPhotoNobilityHomesOcalaFLLogoManufacturedModularHousingIndustryMHProNews500

Terry Trexler, still from their 2017 dated video, below.

TomTrexlerCFOChiefFinancialOfficePhotoNobilityHomesNOBHManufacturedMOdularHousingIndustryMHProNews

Tom Trexler, still from their 2017 dated video, below.

The Bloomberg ticker as shown above included our comments on their data.

 

NobilityHomesEliminatingTheMiddleManManufacturedModularHousingInvestingProfessionalMHProNews

 

Nobility Homes, Inc., a Florida corporation incorporated in 1967, designs, manufactures and sells a broad line of manufactured and modular homes through its own retail sales centers throughout Florida. Nobility also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities.

We pride ourselves on providing well-designed and affordably-built homes that are comfortable, pleasantly decorated, energy efficient and engineered for years of carefree living. The Company’s manufacturing plant and corporate headquarters are located in Ocala, Florida.

Our homes are available in approximately 100 active models sold under the trade names “Kingswood”, “Richwood”, “Tropic Isle”, “Regency Manor” and “Special Editions”. Our home sales are single and multisection, range in size from 431 to 2,650 square feet and contain from one to five bedrooms.

Prestige Home Centers, Inc., our wholly-owned subsidiary, operates ten retail sales centers in north and central Florida: Ocala (two), Chiefland, Auburndale, Inverness, Hudson, Tavares, Yulee, Panama City, Punta Gorda and executive offices are located at our corporate headquarters in Ocala, Florida. Prestige has executed a lease and is in the process of opening an eleventh retail sales center in north Florida. Each of Prestige’s retail sales centers is located within 350 miles of Nobility’s Ocala manufacturing facility.

The primary customers of Prestige are homebuyers who generally purchase manufactured homes to place on their own home sites. Prestige operates its retail sales centers using a model home concept. Each of the homes displayed at its retail sales centers is furnished and decorated as a model home.

In an effort to make manufactured homes more competitive with sitebuilt housing, financing packages are available through 21st Mortgage Corporation and other outside financing sources that provide financing to retail customers who purchase the Company’s manufactured homes at Prestige retail sales centers.

Mountain Financial, Inc., a wholly-owned subsidiary of Prestige Home Centers, Inc., is an independent insurance agent and licensed loan originator. Mountain Financial provides automobile insurance, extended warranty coverage and property and casualty insurance to Prestige customers in connection with their purchase and financing of manufactured homes.

 

To Our Shareholders

Your Company’s results for fiscal year 2018 continue to reflect an improving environment in the manufactured housing industry and the State of Florida. The improving housing, financial and credit markets of our country and market area, coupled with the lower unemployment and better consumer and business confidence had a positive effect on the Company’s results.

Net sales for Nobility during fiscal year 2018 were up 14% to $42,812,265 as compared to $37,543,071 recorded in fiscal year 2017. Income from operations for fiscal year 2018 was up 31% to $5,722,826 versus $4,355,874 in the same period a year ago. Net income after taxes was $4,963,632 as compared to $3,309,983 for the same period last year. Diluted earnings per share for fiscal year 2018 were $1.24 per share compared to $0.83 per share last year.

Nobility’s financial position during fiscal year 2018 remains very strong with cash and cash equivalents, certificates of deposit and short-term investments of $34,936,721 and no outstanding debt. Working capital is $38,128,057 and our ratio of current assets to current liabilities is 5.8:1. Stockholders’ equity is $49,066,501 and the book value per share of common stock is $12.67.

The demand for affordable manufactured housing in Florida continues to improve. According to the Florida Manufactured Housing Association, shipments in Florida for the period from November 2017 through October 2018 were up approximately 19% from the same period last year. Our sales for fiscal year 2019 continue to look positive. The Company’s Prestige Home Centers, which contributed strong operating results in the 2018 fiscal year, is expected to experience another good year. Material and labor cost increases are ongoing challenges facing the manufactured housing industry, including your Company. This year Nobility plans to continue making improvements in our manufacturing plant and Prestige model centers to increase efficiency and productivity.

Constrained consumer credit and the lack of lenders in our industry, partly as a result of an increase in government regulations, still affects our results by limiting many affordable manufactured housing buyers from purchasing homes. However, recent legislation may help improve this situation in the future.

We understand that maintaining our strong financial position is vital for future growth and success. Because of very challenging business conditions during economic recessions in our market area, management will continue to evaluate all expenses and react in a manner consistent with maintaining our strong financial position, while exploring opportunities to expand our distribution and manufacturing operations.

Our many years of experience in the Florida market, combined with home buyers’ increased need for more affordable housing, should serve the Company well in the coming years. Management remains convinced that our specific geographic market is one of the best long-term growth areas in the country.

On June 5, 2019 the Company will celebrate its 52nd anniversary in business specializing in the design and production of quality, affordable manufactured homes. With multiple retail sales centers, an insurance agency subsidiary, and an investment in a retirement manufactured home community, we are the only vertically integrated manufactured home company headquartered in Florida.

We gratefully acknowledge the wise counsel of the Board of Directors, officers and friends of the Company and express our appreciation to all employees for their dedication in continuing your Company’s profitable operating results. Our appreciation is also extended to our retail distribution network, customers and suppliers for their support and loyalty. We sincerely thank our stockholders for their continued investment confidence in Nobility and pledge our efforts to maintain and guard that trust. With this confidence and support, we enter fiscal year 2019 with full awareness of the challenging opportunities that lie ahead and with renewed enthusiasm and determination to achieve the goals for higher sales and operating results that have been set for your Company.

 

TerryETrexlerPresidentChairmanThomasWTrexlerEVPCFONobiltyHomes

The full annual report is linked here as a download. What follows below or is found above are pull quotes, as noted.

 

Manufactured Homes

Nobility’s homes are available in approximately 100 active models sold under the trade names “Kingswood,” “Richwood,” “Tropic Isle,” “Regency Manor,” and “Special Edition.” The homes, ranging in size from 431 to 2,650 square feet and containing from one to five bedrooms, are available in:

  • Single-wide widths of 12, 14 and 16 feet ranging from 35 to 72 feet in length;
  • Double-wide widths of 20, 24, 26, 28 and 32 feet ranging from 32 to 72 feet in length;
  • Triple-wide widths of 42 feet ranging from 60 to 72 feet in length; and
  • Quad-unit with 2 sections 28 feet wide by 48 feet long and 2 sections 28 feet wide by 52 feet long.

Our floor plans can be built as an on-frame modular home. We have been approved to build A.N.S.I. (American National Standards Institute) Park models less than 400 square feet and exposure D homes.

Nobility’s homes are sold primarily as unfurnished dwellings ready for permanent occupancy. Interiors are designed and color coordinated in a range of decors. Depending on the size of the unit and quality of appliances and other appointments, retail prices for Nobility’s homes typically range from approximately $30,000 to $130,000. Most of the prices of Nobility’s homes are considered by it to be within the low to medium price range of the industry.

Nobility’s manufacturing plant utilizes assembly line techniques in manufactured home production. The plant manufactures and assembles the floors, sidewalls, end walls, roofs and interior cabinets for their homes. Nobility purchases, from outside suppliers, various other components that are built into its homes including the axles, frames, tires, doors, windows, pre-finished sidings, plywood, ceiling panels, lumber, rafters, insulation, gypsum board, appliances, lighting and plumbing fixtures, carpeting and draperies. Nobility is not dependent upon any one particular supplier for its raw materials or component parts, and is not required to carry significant amounts of inventory to assure itself of a continuous allotment of goods from suppliers.

Nobility generally does not manufacture its homes to be held by it as inventory (except for model home inventory of its wholly-owned retail network subsidiary, Prestige Home Centers, Inc.), but, rather, manufactures its homes after receipt of orders. Although Nobility attempts to maintain a consistent level of production of homes throughout the fiscal year, seasonal fluctuations do occur, with sales of homes generally lower during the first fiscal quarter due to the holiday season.

The sales area for a manufactured home manufacturer is limited by substantial delivery costs of the finished product. Nobility’s homes are delivered by outside trucking companies. Nobility estimates that it can compete effectively within a range of approximately 350 miles from its manufacturing plant in Ocala, Florida. Substantially all of Nobility’s sales are made in Florida.

 

Retail Sales

Prestige Home Centers, Inc., our wholly-owned subsidiary, operates ten retail sales centers in north and central Florida. Its principal executive offices are located at Nobility’s headquarters in Ocala, Florida. Sales by Prestige accounted for 76% and 72% of Nobility’s sales during fiscal years 2018 and 2017, respectively.

Each of Prestige’s retail sales centers are located within 350 miles of Nobility’s Ocala manufacturing facility. Prestige owns the land at six of its retail sales centers and leases the remaining four retail sales centers from unaffiliated parties under leases with terms between one and three years with renewal options.

Prestige has executed a lease and is in the process of opening an eleventh retail sales center in north Florida.

The primary customers of Prestige are homebuyers who generally purchase manufactured homes to place on their own home sites. Prestige operates its retail sales centers with a model home concept. Each of the homes displayed at its retail sales centers is furnished and decorated as a model home. Although the model homes may be purchased from Prestige’s model home inventory, generally, customers order homes which are shipped directly from the factory to their home site. Prestige sales generally are to purchasers living within a radius of approximately 100 miles from the selling retail lot. The Company’s internet-based marketing program generates numerous leads which are directed to the Prestige retail sales centers to assist a potential buyer in purchasing a home.

The retail sale of manufactured homes is a highly competitive business. Because of the number of retail sales centers located throughout Nobility’s market area, potential customers typically can find several sales centers within a 100 mile radius of their present home. Prestige competes with over 100 other retailers in its primary market area, some of which may have greater financial resources than Prestige. In addition, manufactured homes offered by Prestige compete with site-built housing.

Prestige does not itself finance customers’ new home purchases. Financing for home purchases has historically been available from other independent sources that specialize in manufactured housing lending and banks that finance manufactured home purchases. Prestige and Nobility are not required to sign any recourse agreements with any of these retail financing sources.

 

Wholesale Sales to Manufactured Home Communities

Nobility also sells its homes on a wholesale basis through two full-time salespersons to approximately 35 manufactured home communities and independent dealers. Nobility continues to seek new opportunities in the areas in which it operates, as there is ongoing turnover in the manufactured home communities as they achieve full occupancy levels. As is common in the industry, most of Nobility’s independent dealers sell homes produced by several manufacturers. Sales to one publicly traded REIT (Real Estate Investment Trust) which owns multiple retirement communities in our market area accounted for $2,097,200 or 5% of our total sales in fiscal year 2018 and $1,602,185 or 4% of our total sales in fiscal year 2017. Other companies which own multiple retirement communities in our market area accounted for $1,195,155 or 3% of our total sales in fiscal year 2018 and $2,155,575 or 6% of our total sales in fiscal year 2017.

Nobility does not generally offer consigned inventory programs or other credit terms to its dealers and ordinarily receives payment for its homes within 15 to 30 days of delivery. However, Nobility may offer extended terms to park dealers who do a high volume of business with Nobility. In order to stimulate sales, Nobility sells homes for display to related manufactured home communities on extended terms and recognizes revenue when the homes are sold to the end users. The high visibility of Nobility’s homes in such communities generates additional sales of its homes through such dealers.

 

Competition

The manufactured home industry is highly competitive. The initial investment required for entry into the business of manufacturing homes is not unduly large. State bonding requirements for entry in the business vary from state to state. The bond requirement for Florida is $50,000. Nobility competes directly with other manufacturers, some of whom are both considerably larger and possess greater financial resources than Nobility. Nobility estimates that of the 18 manufacturers selling in the state, approximately 10 manufacture homes of the same type as Nobility and compete in the same market area. Nobility believes that it is generally competitive with most of those manufacturers in terms of price, service, warranties and product performance.

 

Employees

As of January 11, 2019, the Company had 149 full-time employees, including 36 employed by Prestige. Approximately 86 employees are factory personnel compared to approximately 85 in such positions a year ago and 63 are in management, administrative, supervisory, sales and clerical positions (including 33 management and sales personnel employed by Prestige) compared to approximately 62 a year ago. In addition, Nobility employs part-time employees when necessary.

Nobility makes contributions toward employees’ group health and life insurance. Nobility, which is not subject to any collective bargaining agreements, has not experienced any work stoppage or labor disputes and considers its relationship with employees to be generally satisfactory.

 

Item 3. Legal Proceedings

We are a party to various legal proceedings that arise in the ordinary course of our business. We are not currently involved in any litigation nor to our knowledge, is any litigation threatened against us, the outcome of which would, in our judgment based on information currently available to us, have a material adverse effect on our financial position or results of operations.

The Company does not maintain casualty insurance on some of its property, including the inventory at its retail centers, its plant machinery and plant equipment and is at risk for those types of losses.

 

Holders

At January 28, 2019, the approximate number of holders on record of common stock was 99 (not including individual participants in security position listings).

 

Nobility has a product line of approximately 100 active models. Although market demand can fluctuate on a fairly short-term basis, the manufacturing process is such that Nobility can alter its product mix relatively quickly in response to changes in the market. During fiscal years 2018 and 2017, Nobility continued to experience increased consumer demand for affordable manufactured homes in Florida. Our three, four and five bedroom manufactured homes are favored by families, compared with the one, two and threebedroom homes that typically appeal to the retirement buyers who reside in the manufactured housing communities.

In an effort to make manufactured homes more competitive with site-built housing, financing packages are available to provide (1) 30- year financing, (2) an interest rate reduction program, (3) combination land/manufactured home loans, and (4) a 5% down payment program for qualified buyers.

 

ResultsOperationsNobilityHomesNOBH2018v2017DailyBusinessNewsManufacturedModularHousingIndustryMHProNews

 

 

On June 5, 2019 the Company will celebrate its 52nd anniversary in business specializing in the design and production of quality, affordable manufactured homes. With multiple retail sales centers, an insurance agency subsidiary, and an investment in a retirement manufactured home community, we are the only vertically integrated manufactured home company headquartered in Florida.

Insurance agent commissions in fiscal year 2018 were $273,747 compared to $267,933 in fiscal year 2017. We have established appropriate reserves for policy cancellations based on numerous factors, including past transaction history with customers, historical experience and other information, which is periodically evaluated and adjusted as deemed necessary. In the opinion of management, no reserve was deemed necessary for policy cancellations at November 3, 2018 and November 4, 2017.

 

Gross profit as a percentage of net sales was 25% in fiscal year 2018 compared to 23% in fiscal year 2017. Our gross profit of $10,680,027 for 2018 increased 23% compared to $8,661,079 for 2017. The increase in gross profit percentage is primarily due to the increase in the average retail and wholesale selling price on each home sold.

The Company earned $100,137 from its joint venture, Majestic 21, in fiscal year 2018 compared to $103,533 in fiscal year 2017. The earnings from Majestic 21 represent the allocation of profit and losses which are owned 50% by 21st Mortgage Corporation and 50% by the Company.

 

The Company currently has no line of credit facility and does not believe that such a facility is currently necessary to its operations. The Company has no debt. The Company also has approximately $3.4 million of cash surrender value of life insurance which it may be able to access as an additional source of liquidity though the Company has not currently viewed this to be necessary. As of November 3, 2018, the Company continued to report a strong balance sheet which included total assets of approximately $57 million which was funded primarily by stockholders’ equity of approximately $49 million.

Looking ahead, the Company’s strong balance sheet and significant cash reserves accumulated in profitable years has allowed the Company to remain sufficiently liquid so as to allow continuation of operations and should enable the Company to take advantage of market opportunities when presented by an expected improvement in the overall and the industry specific economy in fiscal 2019 and beyond. Management believes it has sufficient levels of liquidity as of the date of the filing of this Form 10-K to allow the Company to operate into the foreseeable future.

Investments in Retirement Communities

The Company has a 31.3% investment interest in Walden Woods South LLC (“Walden Woods South”), which owns and operates a 236 residential lot manufactured home community named Walden Woods South located in Homosassa, Florida. The majority owner of Walden Woods South is the Company’s President (see note 4 to the financial statements included herein). The investment in Walden Woods South is accounted for under the equity method of accounting and all allocations of profit and loss are on pro-rata basis. Since the Company’s maximum exposure is limited to its investment in Walden Woods South, management has concluded that the Company would not absorb a majority of Walden Woods South’s expected losses nor receive a majority of Walden Woods South’s expected residual returns; therefore, the Company is not required to consolidate Walden Woods South with the accounts of Nobility Homes in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) No. 810, “Consolidations” (ASC 810).

On March 31, 2016, the Company sold its 48.5% limited partnership interest in CRF III, Ltd. (“Cypress Creek”) for $3,990,000. Cypress Creek is a retirement manufactured home community located in Winter Haven, Florida. The Company received $960,000 cash, net of $40,000 cost paid and a note receivable for $3,030,000 that accrued interest at 3.0%. The Company received a $500,000 payment in June 2016, a $1,000,000 payment in January 2017 and a $1,651,924 payment in April 2018 which included all of the remaining principal and interest on the note.

###

 

Last year’s report is linked via the text-image box below.  Their full 2018 report is found here as a download.

 

 

If not for purported market machinations of firms that are often owned by Berkshire Hathaway,  the negative headlines sparked by ‘predatory’ firms that are often members of the Manufactured Housing Institute, or are tied to nonprofits that have had dark money funding from Warren Buffett, one could make the case that operations like Nobility’s would soar.

See the related reports for more industry-connected information.

This this Monday, Monday pre-dawn edition of “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Related Reports:

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

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HUD Secretary Ben Carson Surprise Appearance at Manufactured Housing Consensus Committee, Exclusive Quotes – Addressing Manufactured Home Industry

National Academy of Sciences Praise for Industrialized Housing Projects, Research, Profitable Manufactured Housing Lessons Learned

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

 

“Lead, Follow … Or Get Out of The Way”

HUD Study, Analysis of Zoning Discrimination Against Manufactured Housing Sought

 

 

 

 

 

 

 

 

 

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


Warren Buffett’s Profitable Lessons for Manufactured Housing

May 5th, 2019 Comments off

 

WarrenBuffettsProfitableLessonsforManufacturedHousing

“”We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation,” wrote Warren Buffett to managers,” according to a post on the Wall Street Journal’s Facebook page.

 

Now contrast that with the investment-focused Motley Fool’s citation of the famous Buffett quote: “Rule No. 1: Never lose money. Rule No. 2: Don’t forget rule No. 1.

Do these two fabled Buffett quotes complement or contradict each other?

We deliberately avoid answering that today.

Ladies and gentlemen professionally involved in manufactured housing land – what we lovingly refer to here on MHProNews as MHVille – those Buffett quotes bear close scrutiny.

Beyond the words, so too does the actual behavior of Buffett and Berkshire Hathaway’s brands.

It is not that Mr. Buffett is necessarily wrong.  As one of the top four wealthiest people in the world, he’s proven his ability to attract investment capital and make money for the long term.

The question is, how has Buffett achieved that wealth in recent years? Say the last two decades?

No two people agree on everything. We need others in our lives as reality checks. If Marty Lavin never gave MHProNews any more on-the-record quotes than those already given, the ones we have from him are highly valuable to those wise enough to grasp and apply them routinely. It isn’t that Marty invented these sayings; he did not. But as a significantly successful person in manufactured home financing – with real manufactured home (MH) community and high-volume MH retail experience –  what he said is as useful – perhaps more so – as those Buffett quotes are.  Once more, with gusto…

  • Pay more attention to what people do than what they say.
  • Follow the money.

These Lavin tips have been used by detectives, serious reporters, and other researchers for decades.

What they point to, without saying it, is the value of authentic history.

Let’s pair that with what pro-manufactured housing investor Robert Robotti said about investing. “In order to outperform the market, you have to have a contrarian point of view,” Robotti said to the Motley Fool investment media.

 

“Out-Performing the Market” Robert Robotti, Value Investing, and Manufactured Housing

 

In an organization, one needs a significant degree of compliance by team members. No factory could function successfully without team members doing their jobs well. No financing operation could profit, unless team members do their jobs well.  I know, because I’ve seen and experienced these things first hand.

But in order to achieve a breakthrough, one has to be able to step out of the box. If someone stays only inside the box, by definition, no progress is ever made.

We need to be able to celebrate the good that someone has done, while recognizing that they are bound to have flaws. Let’s give some examples, and then return to the profitable MH theme.

We like many of the quotes that the Reverend Martin Luther King, Jr. has given us to ponder. He was surprisingly successful, but that success was not overnight. It took time, persistence, a kind of urgent patience. King was wise, but he was reputedly also a womanizer. Can’t imagine that his wife liked that reputation, can you?

A couple in the White House today have a similar challenge. But unlike the defense that much of the mainstream media gave Bill Clinton while he was president, or the cover for womanizing given to John F. Kennedy while he was president, Donald J. Trump’s past womanizing is treated quite differently. Before he ran for  president, Mr. Trump was celebrated for the same thing he is now denigrated for doing. What’s up with that? That’s not to attack the other 2, nor to defend the 45th president on that score. It is only to reflect that a double standard exists.  It is also to reflect how helpful history is.  Now, let’s take that back to MHVille.

People have to be able to discern reality, to find what is true, and separate the ‘wheat from the chaff.’  There are things Mr. Buffett has said that are insightful, useful, and true.  That doesn’t mean I have to agree with Buffett’s reputed business practices. Wheat from chaff.  Discern what is useful, then act upon that, and your odds for success go up.

Before diving into our weekly headline review, and we have some doozies for you, let me make one more observation. There have been some famous – but later convicted – con men in our nation’s history. People who were so respected, until they were found out.  Once exposed, they where then reviled. Let’s mention only one to make the point.

Bernie Madoff is described like this by Wikipedia, “Description: Bernard Lawrence Madoff is an American former market maker, investment advisor, financier, fraudster, and convicted felon, who is currently serving a federal prison sentence for offenses related to a massive Ponzi scheme.”

Madoff was celebrated, until he was vilified.  By the way, not all cons are alike.

 

BernieMadoffWikiManufacturedHousingIndustryMHProNews

 

Now will the day may come that fans of Buffett — or an infinitely lesser light in MHVille, part-time magician George F. Allen — feel the same about them as they do now about Madoff?

Some sing the praises of the Manufactured Housing Institute (MHI). But look at the fact that every one of the corporate industry embarrassments in MHVille named by John Oliver’s “Mobile Homes” video was connected to a firm connected to MHI. Pray tell. What exactly are the leaders at MHI being celebrated for accomplishing?  Other than the increasing consolidation occurring in MHVille?

Cons are often celebrated, until they are finally understood, and then they are fully exposed. Some cons, like Madoff, go to prison.

To grasp those highly profitable lessons, one needs the perspective of history. That requires real history, not fake history. Discerning the truth requires real analysis, not fake analysis.

To be sustainably successful in MHVille, one needs to know when to duplicate – as in a training the line workers in a factory – and when to innovate. The later – innovation – means you have to be willing to be a contrarian at the proper times.

Before closing, let me tip the hat to Jim Ayotte for a statement he made that applies to everyone, not just top-tier association executives. “As an association executive, my job is to assess the situation and seek the best possible outcome based on the facts as I know them.”  Publishers, writers, sales professionals, business owners, line workers – everyone could apply this principle Ayotte made to themselves.

None of us don’t know what we don’t know.  That’s why we need others! But once we begin to suspect something different than what we thought we knew, it becomes parament to pivot to whatever that liberating – and often profitable – truth is.  Albert Einstein was right in saying you don’t keep repeating the same mistakes over and over if you plan to progress.

The reason that a con like Madoff’s or others arguably succeeds for as along as they do is because people are not willing to admit that they have been conned.  They are in denial. They may be embarrassed. Or they may have some other fear.

But the mature, secure adult admits an error.  If the error is that they were conned, one must make that admission, but then the solution is to move beyond the error.  That’s how profitable learning is done.  Objective history is a vital part of that process.

To my knowledge, there is no other manufactured home industry publisher that has the degree of historic and practical insights into manufactured housing reality than we do.  Not bragging, it is what it is.

 

HumanitiesValueBuisnessCriticismDissentWhenGoingAlongGetAlongWhereWhistleblowersDiscouragedBadThingsHappenBusinssesImplodeMarthaCNussbaumPhotoQuote

Wheat and chaff. Take the good insights someone offers, the useful lessons, and ignore whatever may be problematic. Designs by MHProNews.

 

DannyGloverQuoteItsNotOnlyAMonopolyOfWealthItsAmonopolyofInformationasWellDailyBusinessNewsMHproNEws

Danny Glover quote from the fascinating video documentary, Shadows of Liberty, posted on the linked page here.

YouMHProNewsSeemToHaveConceptualIQThatIsMoreImportantThanSpellingAbilityQuote

Many of these quotes are from MHI insiders.

 

IfMHProNewsIswritingAboutItIWantToKnowAboutItQuoteMaybe those fact-checks and historic insights are why we are the runaway

most-read in MHVille – by fans, foes, and profitable truth-seekers alike?  People put up with our typos because we have something worth putting up with.

We are getting a growing number of calls and messages from investors and their representatives.  They don’t buy the Arlington line.  If those outside looking in don’t buy it, why should you?  Folks, the industry is about to go through a shakeup. I’m not predicting a date, but don’t just mark your calendar. prepare for it yourself.  Start with staying truly informed, and avoid the deceptions that profit others but are costing independents, perhaps like you.

DearTonySoheylaNoGreaterResourceSpeakstoIssuesOpportunitiesWeFaceAsIndependentRetailersGusRodriguezTejasHomesTX

Gus’ message came in response to a series of exposes on issues within manufactured housing, as well as tips, strategies and opportunities.

HowardWalkerEmergenceOfTonyKovachsPublicationsProfessionalsFilledVacuumDailyBusinessNewsMHProNews

With no further adieu, let’s dive into the headlines from the varied corners of MHVille during the week that just was.

 

What’s New on the Masthead

TheMastheadCommentaryLATonyKovachMHProNews

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

Multibillion Dollar Opportunities Knock in Solving Affordable Housing Crisis

 

What’s New in Washington, D.C. From MHARR

MHARRlogoDailyBusinessNewsMHProNews324

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

 

What’s New on MHLivingNews

MHLivingNewsImprovedLivingForLe$$taglinedropshadow

MHLivingNews features lifestyle and living news on prefab housing, with a focus on manufactured homes.

Conventional or Manufactured Housing – Facts Matter, and Public Engagement Matters Too

Ultimate Reporters, Researchers, Affordable Housing Advocates, or Shoppers 3’rd Party Research 

 

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Saturday 5.4.2019

George F. Allen’s Unity Call for MHI, MHARR, and National Association of Manufactured Housing Community Owners (NAMHCO) Examined

George F. Allen’s Unity Call for MHI, MHARR, and National Association of Manufactured Housing Community Owners (NAMHCO) Examined

 

Friday 5.3.2019 

Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969, plus Manufactured Home Market Updates

Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969, plus Manufactured Home Market Updates

HUD Secretary Carson on National TV, Touting Manufactured Housing, More Jobs & Investment Opportunities

HUD Secretary Carson on National TV, Touting Manufactured Housing, More Jobs & Investment Opportunities

Governor Signs 18’ Wide Single-Section Bill

Governor Signs 18’ Wide Single-Section Bill

Cowards, How Winning Is Done, and Manufactured Housing

Cowards, How Winning Is Done, and Manufactured Housing

 

Thursday 5.2.2019 

Holocaust Remembrance Day, You Don’t Know What Tough Is, and Ramadan

Holocaust Remembrance Day, You Don’t Know What Tough Is, and Ramadan

Top Ten Smaller Cities Millennials Moving to For Lower Housing Cost, Plus Stock Updates

Top Ten Smaller Cities Millennials Moving to For Lower Housing Cost, Plus Stock Updates

HUD Secretary Ben Carson Surprise Appearance at Manufactured Housing Consensus Committee, Exclusive Quotes – Addressing Manufactured Home Industry

HUD Secretary Ben Carson Surprise Appearance at Manufactured Housing Consensus Committee, Exclusive Quotes – Addressing Manufactured Home Industry

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

 

Wednesday 5.1.2019

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

One Word From Fed’s Jerome Powell Sent Stocks Lower, Plus Manufactured Housing Market Updates  

Skyline Champion (SKY) Hedge Fund Dumps Shares, Value Declines

Skyline Champion (SKY) Hedge Fund Dumps Shares, Value Declines

MHARR Weighs in, HUD Secretary Carson Letter – “Discriminatory…Exclusionary Zoning of HUD-Regulated Manufactured Homes”

MHARR Weighs in, HUD Secretary Carson Letter – “Discriminatory…Exclusionary Zoning of HUD-Regulated Manufactured Homes”

 

Tuesday 4.30.2019 

New Manufactured Home Community Research Data – Site Fees, Occupancy Survey, YoY Changes, 20 Top U.S. Markets

New Manufactured Home Community Research Data – Site Fees, Occupancy Survey, YoY Changes, 20 Top U.S. Markets

Barron’s Big Money Manager Survey Democratic, Trump, Congress Result$, plus MH Stock Updates

Barron’s Big Money Manager Survey Democratic, Trump, Congress Result$, plus MH Stock Updates

National Association of Home Builders Co-Hosting HUD Innovative Housing Showcase

National Association of Home Builders Co-Hosting HUD Innovative Housing Showcase

Wall Street Expects POTUS Trump Reelection in 2020, MHVille First Looks

Wall Street Expects POTUS Trump Reelection in 2020, MHVille First Looks

 

Monday 4.29.2019

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

Cruise Ship Retiring at Sea? Will it Eat Into 55 Plus Community or Assisted Living? Plus, Manufactured Home Market Updates

Cruise Ship Retiring at Sea? Will it Eat Into 55 Plus Community or Assisted Living? Plus, Manufactured Home Market Updates

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

Secretary Carson Letter Lights Fuse for Explosive Change, Obliquely Addresses Manufactured Housing Action Concerns

Secretary Carson Letter Lights Fuse for Explosive Change, Obliquely Addresses Manufactured Housing Action Concerns

 

Sunday 4.28.2019 

Manufactured Housing – White Hats, Black Hats, Investing, Consumers, MH Independents

 

Manufactured Housing – White Hats, Black Hats, Investing, Consumers, MH Independents

 

Time is money. Knowledge is potential power.  When you slow down enough to learn what you need to know, to read what you need to know, the odds go up that you’ll advance faster. “We Provide, You Decide.” © ## (News, commentary, analysis.)

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Related References:

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The Two Gardens, America, and Manufactured Housing

Profiting & Correcting – Manufactured Housing Traps, Pitfalls and Swindles

Mobile Home Militia – “Clayton [Homes] Wants Your Cornbread Too” “Join the Revolution” – ‘You Gotta Have Swagger’

Manufactured Housing Institute Members Defending MHI, Great Debate About Manufactured Home Industry Progress, Problems, and Profits

God’s Sense of Humor, Tilting After Windmills, Manufactured Housing – Merchants or Crusaders?

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

 

 

 

 

 

 

 

 

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George F. Allen’s Unity Call for MHI, MHARR, and National Association of Manufactured Housing Community Owners (NAMHCO) Examined

May 4th, 2019 Comments off

 

GeorgeFAllenCowardlyLionUnityCallMHIlogoMHARRlogoNAMHCOLogoManufacturedHousingMHProNews

What’s the largest national trade association in manufactured housing? As longtime former-member George F. Allen should know, it is the Manufactured Housing Institute (MHI), based in Arlington, VA. They have for years claimed that “MHI is the only national trade organization representing all segments of the factory-built housing industry.” – as prior, repeated MHI critic Allen should know.

 

But what is Allen’s stance about MHI or other industry trade groups now?

When it comes to which trade association should carry the burden of responsibility for the currently troubled state of the manufactured home industry, which trade group should that be?

Based on MHI’s own claim, it should be obvious. Based on periodic attacks on MHI from Allen for years, it ought to be clear to him too.  As the large, umbrella trade group, it is logically MHI.

Thus, for George Allen to point his barbs at anyone other than the source of the problems, begs the question.  What is Allen’s motivation?

Before diving into the details, let’s note as an executive summary that Allen has recently:

  • directed attention away from the obviously responsible source, i.e.: MHI and their masters.
  • Why is Allen merely posturing or talking about stuff like John Oliver’s harmful impact on MHVille via the problematic “Mobile Homes” video?
  • What is Allen doing to correct sliding industry trends, besides holding meetings, shilling for others, or selling literature that lines his own pockets?
  • Why would Allen try to undermine someone and their organization that is laying the foundation for DOING something positive, that aims to return the industry to growth?
  • Why has Allen attacked a pro-industry party that is not paid for their effort to try to help independent communities, retailers, and others to grow the industry, instead of shrinking the industry. Shouldn’t that spark concern from Allen’s still significant, but nevertheless dwindling fan-base among independently owned communities?

That’s what this report, fact-check, and analysis will unpack. As part of this executive summary, let’s note there will be new quotes for thousands of readers from:

  • Kevin Clayton
  • Joe Stegmayer

Plus an in-context review of others from industry leaders that include:

  • Nathan Smith, SSK Communities
  • Tim Williams/21st

These are among those that will be quoted and cited from this report.  Several new quotes, plus a review of past ones that are relevant, will be included in this exclusive in-depth professional’s-focused dive into the murky world of manufactured housing.

While Allen’s role is arguably that of a pawn, it is nevertheless useful in understanding the broader landscape of how the game is played in manufactured housing today.

We’ll begin this fact-check and analysis of Allen’s recent barbs with some background that may be new to some, but useful to all.  Then, we will proceed to spotlight fresh insights into the drop in manufactured housing shipments, and other efforts that seemingly aim to consolidating more of the industry into ever fewer hands.

 

George F. Allen Ought to Know…

This and other third party images are provided under fair use guidelines for media. It should be noted that AFA, the source of this photo, is arguably another MHI surrogate.

Given that Allen once understood that it was MHI’s bailiwick to focus on retail, community, and other post-production issues, who is it that Allen took aim at in a new critique on his “Community-Investor” “EducateMHC” page? Logically, it should have been MHI. But no, please don’t expect such logic from the retired Colonel Allen.

Let’s help Allen discern – but more important, give evidence-based and logical guidance to any of his readers – that the Indianapolis-based retiree has sadly apparently misinformed his readers about or any other industry professionals who trip across him.

Let’s likewise see what Allen, his buddies, and masters reveal in what follows, in their own words.

 

 

What MHI Leaders Have Previously Admitted

MHProNews begins by taking a step back from Allen and looking at what MHI’s own leaders have publicly admitted, often on camera.

Nathan Smith, MHI’s prior chairman and SSK Communities partner admits that the industry – i.e., MHI – had often ‘failed to be proactive.’ Smith also said that he wants all the (independent) communities for himself, with a great laugh. Is that funny to any independent community owners who were underpaid for the true intrinsic value of their properties?

 

 

Given Smith’s own comments and the public reputation of his firm, does Allen take aim at the SSK partner’s operation and its impact on the industry’s image?

Not that we’ve seen lately. Yet the Better Business Bureau (BBB) rated SSK Communities an ‘F’ – and SSK was part of video clip shown by John Oliver video “Mobile Homes.”  Allen postured in an email to his followers that he is concerned about this issue. ICYMI, re: former MHI chairman Nathan Smith led SKK Communities “F” rating, the screen capture was taken previously, but it was double checked on 5.3.2019 and remains the same as of 10:05 EM ET.

 

JohnOliverHBOLastWeekTonightMobileHomesSSKCommunitiesNathanSmithClassActionLawSuitMobileManufacturedHomeMHProNews

 

Smith and SSK Communities gets a silent pass from Allen on his blog since March 3, 2013, when under the headline, “Circling the Drain,” Allen talked about the tepid turnout for an MHI meeting, lamented Don Glisson, Jr.’s surprise departure at that time as MHI chairman, and flatly noted Nathan Smith at SSK was the new chairman.  But where was – or is – the public accountability-check by Allen of Smith? Per sources in the Allen camp, he does comment about Smith and SSK in dark terms, but only to what ‘George’ refers to as his ‘intimates.’

Ouch, that’s not a pretty picture, by let’s move on from that George F (F?) Allen terminology. We’ll note in passing this mainstream media account of one of several such reports about Smith led-SSK.  Note that this video was during Smith’s tenure as MHI chairman.  What image of the Arlington, VA based trade group does this mainstream news video present? Where was Allen’s courage on this issue? Hmmm?

 

 

Tim Williams – another former MHI chairman, and still president and CEO of Berkshire Hathaway owned 21st Mortgage Corporation – admitted at an MHI session that ‘the horse has left the barn’ on MHI’s miss of the SAFE Act. Longer-time industry pros recall that the SAFE Act was later rolled into Dodd-Frank. None of those problematic steps were stopped by MHI, nor their ultimate power source in Omaha, NE.

How often must the industry allow MHI watch the ‘horse to leave the barn,’ or to have the scores of industry firms and efforts fail, before more bloggers and publishers join in and hold those responsible, accountable?

MHI President Richard ‘Dick’ Jennison admitted on stage and on camera the failures by MHI ‘at times’ too, while giving praise for his good, dear friend L. A. ‘Tony’ Kovach and MHProNews, which he called a “great publication.”

 

 

Where is Allen’s equivalent to these on-point facts and quoted comments? To use military phrasing Allen should know, it was entirely MIA. Missing in action.

Given that Allen was at some of those same meetings, he has or should have seen those same videos, heard the same comments, and witnessed many of those points that MHProNews has.  So who does Allen go after on April 30th, 2019? MHI? Nathan Smith? Berkshire Hathaway brands, including the one led by Tim Williams?

No.

Instead, Allen takes aim at the Manufactured Housing Association for Regulatory Reform (MHARR).

  • Yet MHARR had no role at all in the Oliver video.
  • Nor is MHARR responsible for post-production issues, that’s supposed to be part of MHI’s claim to fame.

 

MHARR has stated clearly for years about their role: MHARR is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing.” That’s also near the end of the same column from MHARR President and CEO, Mark Weiss, JD, that Allen oddly took issue with. Allen knows it, but ignores that point.  It is but one of many examples of purported intellectual dishonesty – or gross negligence – by Allen, if he claims to be a seriously dispassionate reporter of facts.

Rephrased, MHARR isn’t the post-production or umbrella association.  Rather, that is MHI – by MHI’s own claims.

So who is responsible for what Allen called in his recent post the “HUD-Code manufactured housing industry for its’ perennial lethargy, and leaderlessness…” – logically, it is MHI, not MHARR.

One could stop there, because what follows are details.  But those details reveal much about Allen and his purported string-pullers.  That in turn matters to hundreds of independent manufactured home communities who still follow him, and thousands of others who may not even know Allen is in the industry too.

Allen has gone from an MHI outsider, to more recently being embraced by the very people who previously rejected him.  That makes the intellectually curious ask, why?  What changed? Who gets what? Who benefits?

 

MHI’s Leaders, and What Allen’s Missing and/or Hiding?

Richard ‘Dick’ Jennison ‘led’ MHI, or former chairmen Tim Williams and Nathan Smith have at times themselves admitted that MHI has failed. So, what’s up with Allen’s arguably flawed premise and thinking in going after MHARR on his blog?  Where was his logic?

Let’s be clear.  Allen has the 1st Amendment right to go after whomever he will, within legal and moral norms.  If he wants to dispute MHARR’s reasoning, or MHProNews, or anyone else – and does so honorably, have at it.  Let’s also note the obvious.  MHARR is a banner advertiser here. That’s obvious.  But what is not obvious to some is what Allen is getting from MHI and what MHI award-winner Marty Lavin has called ‘big boy’ companies. This fisking of Allen’s fisk is our idea, no one else’s. That said, let’s press on.

 

FiskFiskingDefinitionManufacturedHssuingIndustryDailyBusinessNewsMHProNews

 

So there are several obvious inquiries that a keen mind should ponder. Why is Allen diverting attention from the obviously more responsible party(ies), while focusing on the trade association that is trying to fix what is going wrong in MHVille?

  • What is driving Allen’s attack on MHARR?
  • Are his barbs accurate or not?
  • Let’s examine those topics.  Because they are relevant to virtually all in the industry.

Some of Allen’s comments and logic will be reviewed further below, but first, this necessary and useful segue.  As retail and community shipments have been dropping for months, Allen has demonstrably diverted attention away from the evidence that follows.  BTW, and ICYMI, one of our recent reports on dropping sales in #1 Texas, or other regional states linked here, can be accessed later from the text-image box below. We’ll do a report early next week on the full national data on the troubling decline in new manufactured home shipment and production trends.

 

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

 

“That G-d D-mned George Allen”

Among the tips from Allen’s circle to MHProNews came one yesterday while this article was being prepared for publication.  Several comments were made by that source from Allen’s circle.  That source has reportedly made nice with Allen, but he literally cursed Allen for what he is doing to communities.  Per that longtime Allen-follower and prior fan, the blogger and now former community owner Allen is giving “MHI cover” – while “slurring MHARR.”

In order to double-check various claims made by that source, prior tips and research had to be reviewed by MHProNews.  That caused a delay from yesterday to today for publishing this report, while additional research was conducted.  It has led to several valuable, compelling insights.

 

SubmitNewsTipsCommentsLettersToEditorMHProNews

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

 

Among the prior tips on Allen from other members of his circle were claims that he derailed an attempt to organize certain midwestern manufactured home community owners and independents from forming a new trade group.  The plan was to form a new post-production association that would do what MHI claims to do.

Why would Allen – who claims to care about the interests of independent communities – sideline efforts to help independently owned community operators?  Who benefits from that derailment?

Last year, MHProNews ran an article at the link below.

 

Cavco’s Joe Stegmayer, MHI Chairman, George Allen-COBA7, Collusion, Coverup, and Allegations of Selling Out

Our publisher – L. A. ‘Tony’ Kovach – at that time provided Allen and his ally, Spencer Roane, with an opportunity to respond.  That’s a norm for this trade platform, unlike Allen’s arguably one-sided blog.  Here on MHProNews a chance to reply in public exists. This screen capture documents the quote text that follows.

 

EmailGeorgeFAllenSpencerRoane2019-05-04_0334Sept52018ManufacturedHousingIndustryDailyBusinessNewsMHProNews

YouMHProNewsSeemToHaveConceptualIQThatIsMoreImportantThanSpellingAbilityQuote

Many of these quotes are from MHI insiders.

What follows is the text of that message.  For new readers here, note that MHProNews often uses bold and brown text to highlight a direct quote, which is the case herein below. Typos are in the original.  The quote at the left in blue, from an MHI member and periodic source, is a wink and a nod to that member’s point.

George and Spencer,

First, unlike some others n MHVille, we offer the opportunity to respond. In this case, it’s to the first yellow highlighted article, linked further below, which mentions you, Spencer, MHI and JoeS. You can clarify, confirm, or whatever you deem fitting on that topic. Joe isn’t among the BCCs, but a few of your followers, no one from MHARR, and five MHI members are.

The NDA questions. We have sources that tell us that MHI has made a “liberal” (common) use of NDAs. Please type your replies beneath each question. They can be as short or long as you wish. Supporting documentation is welcome and encouraged.


1) Have you at any time been asked to sign an NDA with MHI? 

 

2) Have you at any time been asked to sign an NDA with MHI members in the past 4 years? 

 

3) How do you explain or justify your apparent in writing flip-flops on what Marty Lavin has called “the Big Boys” – the powers that be behind MHI?

 

4) By working for those MHI/big boys each of you two with various apparent rewards, cross promotions, and compensation, haven’t you in fact sold out the independents who make up the bulk of your followers?

 

Your normal prompt reply is valued.  Thank you.  Reminder, see the first yellow highlighted article, linked further below.

 

Tony

 

As a disclosure, this writer has access to our publisher’s email, and he does this writer’s email too.

There was no response from this message by Kovach to Allen, although Allen is known to engage in several back-and-forth message exchanges with our publisher.  While it is not proof that Allen has sold out to MHI, his lack of reply is interesting.  It certainly opens the door to reasonably wonder, is Allen acting as a compensated surrogate for MHI and/or some larger firms that are MHI members?

A separate message was also sent by Tony Kovach to MHI’s outside attorney as well as MHI’s senior leadership. See the screen capture below.  It pointedly asked if George F. Allen was working on MHI’s behalf as a surrogate.

 

EmailJohnGreinerGraydonLawMHIElectedAppointedLeadershipJan2019KevinClaytonJoeStegmayerTimWilliamsNathanSmith

 

No denials or confirmations came from those leaders, but several other interesting replies came back from those in the BCCs, which included Allen followers.

That message included the following, as part of a longer message thread. As is common on MHProNews, we’ve turned the quoted text brown and bold, to highlight it for publication.

 

-ITS_followerPersonDoctrineMovementIdeaWikiDailyBusinessNewsMHproNews

Allen-ite.

But otherwise this section of that message is quoted as sent to George Allen, with senior MHI leaders openly copied, and several state association executives, plus Allen-ites among those BCC’d.  The typos are in the original.

Do you not understand how you praised MHI, after you had publicly blasted or questioned them? Then you kissed up when you CC’d Joe Stegmayer? Then flip-flopped again, from your own blog?  See link above to refresh your memory. As a reminder, see the mainstream story below, to refresh your thinking and recall more.

https://www.timesfreepress.com/news/local/story/2018/may/26/industry-members-decline-take-sides-rossville/471775/

People are busy, but hindsight brings amazing clarity at times.

Frank Rolfe got MHAction-ed. MHI got their treatment too. In hindsight, perhaps it was a mistake that we tipped off MHI that protests were coming. MHAction was coy, because they just switched locations, and dates, but they still did protest – didn’t they?

How do you think NMHOA, or MHAction would view your, Spencer Roxane’s, or SECO’s view of defending Tom Lackey, after all those media reports?”

At that time of that emailed comment, it was already known that MHAction was getting funding from the Tides Foundation, which in turn was funded by the NoVo Foundation, who’s main donor was Warren Buffett.  The article linked below was published on 2018/10/19.

 

 

As a relevant side note, a Rolfe confident told MHProNews that he believes that some of the MHAction rank-and-file protest members are mentally unbalanced. Rolfe would not formally confirm or deny that he was fearful during some encounters with MHAction members. That said, Rolfe has previously stated that he’s not easily scared. Those are legally significant matters, as MHI’s attorney’s and the Omaha-Knoxville-Arlington axis ‘big boys’ likely understand.

While specific levels of coordination between some of those MHAction types and the axis are not entirely clear. But what is clear is that Buffett’s money can be traced to both sides of several issues that impact manufactured housing.  At a minimum that raises concerns and the possibility of collusion, which could involve antitrust, RICO, or possibly other federal laws.

In a message thread from George Allen’s email to several HUD Code manufactured home producers dated January 17, 2019 at 7:49 AM, was sent to Allen’s email list.

Cc: gfa7156 <gfa7156@aol.com>
Sent: Thu, Jan 17, 2019 7:49 am

Bob Bender at Commodore Homes sent this reply to an email from Allen that asked this question:

Reason(s) for Slippage in Volume of New HUD-Code Homes being shipped this past Fall?” Let’s note, as a ‘wheat and chaff’ point that the question by Allen is a valid one, especially now, when the industry is into its 7 month of declining new home shipments, a matter of concern to most independents  and investors. Here’s what Commodore’s Bender said in reply.

Bob Bender, Commodore Homes.

George – we have not seen any retraction in our HUD business. I haven’t seen any inventory changes and the overall retail space looks solid.

Certainly there could be some FEMA differences comparing industry year-to-year volume which I know you follow. 

Bob Bender

Sent from Phone

 

Note that Joe Stegmayer, then and now MHI’s chairman, replied to this inquiry by Allen too.

It will be recalled that this occurred weeks after Stegmayer stepped down from his role as president, CEO and chairman at Cavco Industries, following the SEC subpoena.  The most recent update on that Cavco drama, is linked here.  Given that, doesn’t Stegmayer’s tone sound as if he still carried a lot of weight at Cavco?  And doesn’t Stegmayer sound chummy with Allen – for whom MHI’s chairman addressed Allen’s ‘roundtable’ meeting – which gives Allen financial compensation?  Hold those thoughts, because it is relevant for Allen’s purported role as a compensated/rewarded MHI surrogate.

Here was the ‘meat’ of Stegmayer’s reply to Allen, which was CC’d to others, some of whom provided this as a news tip to MHProNews. The typos are in the original.

 

Joe_Stegmayer_Cavco_credit_MHProNews

Joe Stegmayer, MHI Chairman, former Cavco Chairman, president and CEO.

George 

Believe inventories of retailers climbed rather suddenly to above comfort levels. Now being adjusted. 

Our view is consistent with Clayton’s that consumer traffic is solid. would add that it appears that credit availability has improved somewhat. 

Another plus: The inventory of all existing homes for sale is near historically low levels.

Absent national economic calamities we are optimistic.”

 

The “we” from Stegmayer clearly implies Cavco.  But notice that Stegmayer, a former Clayton Homes division president, referenced a reply from Kevin Clayton.  The meat of that statement by Clayton, which was also forwarded to MHProNews as a tip, read as follows.

Kevin Clayton told Allen the following, in a message sent:  Wed, Jan 16, 2019 8:19 am. The typo by Kevin is in the original.

 

sitting-with-si-robertson-duck-dynasty-kevin-clayton-homes-posted-daily-business-news-mhpronews-com-

Hindsight can be 20/20. Why wasn’t the Clayton TV and video campaign with Duck Dynasty more successful? Kevin Clayton at right.

Retail inventory correction

Look at RV industry….it is even more severe for them. 

Good news is retail activity remains healthy to work through it.  That’s just one opinion \ view.   

Kevin Clayton

 

In fairness and to be objective, there are non-MHI sources that have said similarly as Clayton did above.  Namely, that retailers over-ordered during periods of long factory backlogs last year.

But doesn’t that dodge several questions? Why isn’t retail as hot now as it was a year ago? FEMA can only account for a small part of that lighter level of factory orders. During an affordable housing crisis, why aren’t sales surging with or without FEMA orders? Consider again Cavco’s Stegmayer’s statement, which makes an apt point.

Another plus: The inventory of all existing homes for sale is near historically low levels.

Absent national economic calamities we are optimistic.”

 

As another segue, that from Stegmayer ought to be a key for the manufactured home industry, its investors, and public/private/media investigators.  If you read what he said carefully, note that logically Stegmayer was on both sides of the fence?  But given the affordable housing crisis, and how high the demand is for conventional/existing housing, he is debatably correct in making a point MHProNews has made for years.  I.e.: why aren’t HUD Code manufactured home sales soaring?

 

3ErasMobileHomesManufacturedHomesManufacturedHousingImprovementActEraSkylineChampionShipmentProductionGraphicMHProNews

In 1998, manufactured homes (MH) outsold RVs by some 3 to 2. In 2017, RVs outsold MHs by some 5 to 1. RVs recovered far more quickly from 2008. The facts raise questions. One, is the effectiveness of MHI as the post-production or ‘umbrella’ association in the country. The other question is more sobering. Has Buffett-Berkshire “Moat” strategies kept manufactured home production at historically low levels to allow a few big boy brands to consolidate others at a discounted ‘value’ by MHI insiders?

 

But Allen did not follow that logic, at least not with his audience.

That once more begs several questions.  Wasn’t Allen persona non grata at MHI, just a few years ago?  Was Allen brought back into the ‘MHInsider circle’ – to borrow Darren Krolewski’s publication phrase – to act as a periodic attack dog?  A compensated and rewarded surrogate for MHI and the ‘big boys?’

Doesn’t that then imply that Allen is selling out his core followers, who are the independents ‘mom and pop’ and somewhat larger community owners? Indeed, people like Nathan Smith, Paul Bradley with ROC USA, and others find Allen and his meetings useful as funnels for acquisitions.

Here’s another one of Allen’s reader’s comments, which was likewise forwarded to MHProNews. It was sent in connection with the Bender-Stegmayer-Clayton quotes just noted.  Note these comments from Allen’s reader’s list reportedly includes attorneys and some more sophisticated individuals, even if they don’t trust him. The typo is in the original, and this is part of a longer message.  The ‘they’ in the message below means the industry’s ‘powers that be,’ including Clayton and Cavco. The meat of that news tip sent to MHProNews read as follows:

 

Allen is too busy posturing to understand it. 

It all begs the key questions:

Why are sales low during an affordable housing crisis?

If retail traffic is good, why are sales low? 

The RV industry is an excuse I heard weeks ago, ditto automotive. The reasons? Because there isn’t an affordable RV Crisis. 

They’ve spent dollars promoting, which imho are head fakes. But objectively, There are three broad options.

1) They really don’t know how to convince and connect with the shoppers/buyers.

2) They do know, but aren’t using the best methods. 

3) Some combo of the above. 

Do you see an alternative to those three?

Recall the video. Clayton said Buffet ok with them losing money for 5 years, if the moat grows.

Head fakes are enough to soothe the GFAs, who are peddling snake oil anyway.”

 

Notice that the writer put GFA (George F Allen) in the plural.  Meaning, not only Allen, but other surrogate publishers for MHI, which arguably includes the MHVillage sister publication, the lightly read MHInsider, plus others.

Allen – along with his sidekick and ally, Spencer Roane – were given opportunities to comment on several such in January, and more recently.

In a message last week to MHProNews, Allen-ite Roane uncharacteristically distanced himself from Allen, while both dissing and praising Tony Kovach.  Allen dodged these questions, but Roane’s message to MHProNews included the following. The hot link below to the Jacksonville newspaper is edited in, so that readers who have not yet read that Jacksonville reference can get the full meaning of Roane’s comments.

 

SpencerRoanePentagonPropertiesCreditsPostedDailyBusinessNewsResearchDataReportsMHProNews“…The Jacksonville newspaper post is about the need for affordable housing.  Hard to argue w/ that.  The only fact-checking appears to be Kovach’s, and that involves MHI membership and Buffet affiliations.  So what?  Other than sharing the interest of many in the industry about overly aggressive community owners/managers, none of this has anything to do w/ me.

Regards, Spencer Roane

 

Unpacking Allen, Roane, Kevin Clayton, and Joe Stegmayer Comments

We’ll begin by noting anew that de facto, Roane both praised and dissed Tony Kovach in the same message, quoted above.  Roane is no public fan of Tony’s. But Roane made several interesting points. Among them are concerns about “overly aggressive community owners/managers” and the links between “MHI membership and Buffet affiliations.” Indeed, MHProNews has heard from such concerns from the community sector’s ‘white hats’ too.

But what Roane didn’t mention was the MHAction activist tie-in to Buffett’s dark money channel funding.

That revelation from the final quarter of last year began to cast a new light on several developments in manufactured housing in recent years. ‘Buffett bucks’ are apparently funding both pro-and-con forces on various issues that face manufactured housing independents.  To the degree that MHI is aware of this, that could place them in a severe conflict-of-interest and other legal problems. Given that their outside attorney has told MHProNews that they monitor what we publish, it could lead to serious issues for MHI, and possibly member companies. ICYMI, see the linked text-image box below.

 

Lanham Act, Monopolistic Housing Institute, err, Manufactured Housing Institute, Legal Bullies, and You

 

The emailed analysis from an Allen-reader (not a devotee, but one who is in his circle) – references the video interview with Kevin Clayton, posted on the link here.

 

To Understand MHVille Today, One Must Understand the Kevin Clayton Video Interview

KevinClaytonVideoInterviewHowDidWarrenLearnTheseMoatBuildingstrategiesMHIBehavioralExperts

While the above is satirical, it does reflect what Clayton purportedly communicated, see the nearly one hour long video at this link here.

Any investor, investigator or longer-term industry professional who has not carefully digested that video interview with Kevin Clayton and related analysis linked from this column, just can’t possibly grasp manufactured housing’s actual dynamics.

For example, Clayton mentions in that video their use of nonprofits – here think MHI, MHAction, Prosperity Now, Center for Public Integrity (CPI), and others – as part of his discussion of the broader Buffett/Berkshire Moat and related business philosophy and practices.

With the revelations that MHAction, the Urban Institute, CPI or others were given Buffett-Berkshire bucks, it sheds a new clarity on how the game is played, and how the system is arguably rigged.

Rephrased, it can’t be stressed enough that manufactured housing professionals have arguably been duped numerous times by the Omaha-Knoxville-Arlington axis.

Consider as an obvious and public example this point. Buffett supported former president Barack Obama and Secretary Hillary Clinton, who pledged no changes to Dodd-Frank. Meanwhile MHI under Nathan Smith and Tim Williams’ leadership was promoting a bill – the Preserving Access to Manufactured Housing Act – for years. Yet that bill never had a chance of passage with an Obama or Clinton in office.

 

Arguably, that kind of tangled web is what Allen has been on both sides of: at times in the past, opposing MHI and the manipulations of what he used to call the Big Three C’s, or the ‘aggressive’ community operators.

Note that none of the pawns – including Allen – in this Omaha-Knoxville ploy have to be aware of the role of the other.  Only a few puppet masters need to know.

That said, let’s swerve back to an example of GF Allen’s 180.

OligarchyDefinedGeorgeFAllenGFACommunityInvestorBlogCOBA7DailyBusinessNewsMHProNews600

Another example of Allen’s flip-flop on MHI and their big boy backers is below. But more recently – with apparent benefits from MHI leaders that he has not denied – Allen has ‘sold out’ to those very same interests.

ManufacturedHousingIndustryMonopoly-Oligarchy-GeorgeAllen-PostedDailyBusinessNewsManufacturedHousingIndustryMHProNews-

George Allen, has a modest following today, which once used to be a large following. As a former client of his told MHProNews, with George “It’s AAA, All About Allen.” 

 

He Can’t Have it Both Ways!

This analysis logically implies that Allen is selling out his followers.  Allen has not disputed it. When given a documented chance for him to publicly respond, he said nothing.  Roane, distanced himself from it.

It also can’t be stressed enough that vacant home sites harms the value of an independently owned community. Lower sales volumes of new homes harms the value of essentially most every business in the industry.

Buffett can afford that, and so can a few big boys.  As the industry consolidates, they are acquiring businesses at a discounted value, part of the Buffett ‘value investing’ mantra.

 

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews

Never forget that even during medieval times, castles and their moats were in fact breached.

 

But that spotlight casts a different perspective on Buffett and value investing. Because if he is manipulating the market in order to achieve that reduced value, that could be illegal and/or actionable.  Those actions, per attorneys and legal sources MHProNews has spoken to, could lead to liability from potential suits from potentially millions of manufactured home (MH) owners arguably harmed, as well as businesses who are not earning money they could or should absent such market manipulations.

In fact, a pair of antitrust experts told MHProNews that to them the sexier case to pursue in court would be that of resident/MH homeowners.

Such ploys may also lead to legal woes for MHI, and ‘insider’ members too.

It’s a tangled web.  There are many moving parts.  Allen and others like him are just purported pawns on a board.  They or Allen could be dispensed with or replaced at will.

There is also no need for Allen to grasp how he is being used.  So long as Allen plays his part, he’s useful to the axis and what Marty Lavin has termed ‘the big boys.’

It is in that context that Allen’s attack on MHARR begins to make sense.  Allen has in the past thanked Mark Weiss, JD, President and CEO for what Allen learned about the industry from him. Is this how Allen repays favors?

 

Cowardly Lion Claims to Fisk MHARR, But Now Won’t Criticize MHI?

What Allen wrote to oppose Weiss and MAHRR is so convoluted, that we will only look at his first so-called point to show how false much of his narrative is. Here’s a direct quote from Allen’s blog, that claims to analyze Weiss comments, linked here.

LATonyKovachDonWestphalKenRishelGeorgeAllenDailyBusinessNewsMHProNewsLATonyKovachDonWestphalKenRishelGeorgeAllenDailyBusinessNewsMHProNews

Left to right, L. A. ‘Tony’ Kovach, Don Westphal, Ken Rishel, and George Allen. Louisville 2011. Kovach has since made repeated amends, per SPJ guidance, see this link here. Will Allen do the same?

Here Mark introduces MHARR’s Board of Directors as leaders to ‘take the bull by the horns’ in the interest of improved industry representation – and national advocacy. Yet, not a single individual is named! Why? Ask MHARR; but they simply don’t make their membership rolls public, whereas MHI does. Point? Don’t know ‘bout you, but as a post-production sector businessman, there’s a far better chance of me following the leader I know than the one I don’t! How ‘bout you? This, in my opinion, is major flaw # 1 of this argument.”

 

There are several issues of factual errors by Allen, but let’s oversimply to show how misleading or mistaken Allen is.  First, Weiss is named, and he is MHARR’s senior staff leader. Second, no article – nor any book – has everything in it. Third, MHARR’s current chairman is named on the MHARR website, at this link here. It is John Bostick, of Sunshine Homes.  So Allen is factually and logically — wrong, wrong, wrong.

Our publisher has repeatedly invited Allen, Roane, or MHI connected leaders to debate or discuss such issues in public, in front of an audience of manufactured home professionals, with a moderator and video recorded so that all not in attendance can watch it later.  Allen, Roane, and the Omaha-Knoxville-Arlington axis have always passed on that opportunity. Why?

Tony Kovach has said in a semi-private message to Allen that he’s a coward. Thus, the cowardly lion image at the top of this post.

Like a sniper, Allen takes shots, perhaps thinking the noise of his shooting will make his readers think him brave? But what good are shots that miss often unnamed targets? What good are shots at the wrong target?

The reality is quite different from what Allen has portrayed.

There is good evidence that Allen has sold out to MHI and their puppet masters.  Allen may be under one or more NDAs.  But most important to his independently owned community readers, Allen is ignoring the harm done to them, while he is now praising the very people and organization – MHI – he used to criticize.

LATonyKovachMHanufacturedHomeLivingNewsManufacturedHousingProNewsConsultantIndustryExpertOur publisher referred to Allen for a quote to close on this analysis as follows.  “Sad and pathetic. Let George Allen man up, and face me on stage, in public, on camera in front of a live audience of industry pros, that includes his community followers.  Or let George wear the arguably apt moniker, ‘cowardly lion’ from this point forward.” – Tony Kovach.

How can Allen call for unity, when NAMHCO and MHARR exist precisely because they don’t trust MHI?

NealTHaneyNAMHCOWhyBreakawayfromManfuacturedHousingInstituteMHI

Once the rules of engagement and methods used are better understood, then one can often predict what will follow. 

DannyGhorbaniFormerMHIVpQuoteFoundingMHARRPresidentQuoteDailyBusinessNewsMHProNews

 

Allen’s repeatedly flawed analysis of Weiss’ column on MHARR’s website draws to a close like this: “So, the challenge to ‘LEAD, FOLLOW…OR GET OUT OF THE WAY’ will, once again, fall as they say, on deaf ears!

That is, unless action is taken at the MHCongress, calling for unified action by MHI, MHARR, & now, NAMHCO, during former’s fly-in meeting in Washington, DC. on 10 June 2019!” What? Allen won’t even acknowledge that he’s going to those events, but he’s shilling for MHI for others to go to their fundraising events?

Fool me once, shame on you. Fool me twice, shame on me. Or as honest Abe Lincoln observed:

 

you-can-fool-all-the-people-some-of-the-time-and-some-of-the-people-all-the-time-but-you-cannot-abraham-lincoln-quoteDailyBusinessNewsMHProNews

 

You can read Lead, Follow, or Get out of the Way from the link below the byline and notices.  You can read a more detailed analysis of Allen at this link here.

That’s this Saturday’s in depth edition of “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

Related Reports:

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“Lead, Follow … Or Get Out of The Way”

 

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

“The Illusion of Motion Versus Real-World Challenges”

Manipulating Manufactured Housing Pros – Caterwauling Mudslinger, Just Write a Check, Pay Cash, Use Plastic, and Shut You Up

Prosperity Now, Nonprofits Sustain John Oliver’s “Mobile Homes” Video in Their Reports

 

 

 

 

 

 

 

 

 

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Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969, plus Manufactured Home Market Updates

May 3rd, 2019 Comments off

CNNmone5.3.2019ManufacturedHome-StocksMarketsReportsMHProNewsAgree or disagree with the Trump Administration on this or that, love or hate the president’s tweets, what is well documented from third party research is this.  Some 90 percent of the mainstream media’s reporting has been hostile. Given that reality, the White House press room provides the Daily Business News on MHProNews and others are ‘pull quotes’ from the mainstream that spotlights in someone else’s commentary that the administration sees as positive accomplishments. Rephrased, they curate content from other media, and package it under “West Wing Reads.” Since the jobs report would have been a staple for MHProNews, this month we’ll take those pull quotes for tonight’s Friday night spotlight market report.

 

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

 

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

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

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

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

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

 

LeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • Losing his magic touch?
  • Berkshire Hathaway is lagging the market. Should Warren Buffett’s faithful followers be concerned?
  • Who will run Berkshire when Buffett is no longer around?
  • Uber and Lyft drivers plan to strike and rally ahead of Uber’s IPO
  • A day after saying it would raise $2.3 billion, Tesla now wants to raise even more
  • Marriott announces its CEO has pancreatic cancer
  • Europe’s imports of American natural gas are soaring
  • ANALYSIS The US economy is swimming in jobs. Calling for a rate cut now is bonkers
  • What we learned in our first look at Disney’s ‘Star Wars: Galaxy’s Edge’
  • ‘Shale is not superman.’ Geopolitical chaos is testing the limits of America’s oil boom
  • The US job market keeps getting stronger. Hiring is up, unemployment falls to near 50-year low
  • ‘Avengers: Endgame’ goes for more box office records this weekend
  • How to handle a slacker at work
  • Shopping Content by CNN Underscored
  • Why a Chromebook might be right for you
  • PERSPECTIVES Facebook’s new plan doesn’t protect your privacy. Neither does the FTC
  • WeWork started out renting desk space. Now it’s looking to change how we live
  • The US economy has been growing a long time. Here’s how it keeps adding so many jobs
  • Adidas can’t make enough sportswear to meet demand
  • These Adidas running shoes are 100% recyclable
  • This is DSW’s plan to save itself
  • American retailers already announced 6,000 store closures this year. That’s more than all of last year
  • Allbirds is shaking up footwear with machine-washable wool shoes
  • Amsterdam is using freebies to help ban polluting cars by 2030
  • VW is creating an electric future. This is what it looks like
  • Ford is being investigated by US Justice Department over emissions testing
  • London gets world’s first 24-hour air pollution charge zone
  • EU accuses German carmakers of colluding to delay clean air technology

Select Bullets from Fox Business

  • Coca-Cola investing in marijuana would be a ‘big mistake,’ Warren Buffett says
  • US job growth surges in April, while unemployment drops to lowest rate since 1969
  • Larry Kudlow: Fed looking at rate cuts
  • WATCH: Kudlow slams Biden over false Trump tax cut claim
  • April’s job report in 3 charts – and key highlights
  • Are CEOs overpaid? Warren Buffett’s children weigh in
  • World’s wealthiest countries, per capita
  • What retirement means to Baby Boomers, Gen X, Millennials
  • Here’s how the DOJ plans to kill ObamaCare
  • Marriott CEO to begin pancreatic cancer treatment
  • Trump admin rebate rule to cost $177B, Congressional Budget Office says
  • Billionaire Mark Cuban reveals shocking ‘side hustle’ that paid $25 an hour: ‘I’d take that job now’
  • Philip Morris CEO: Smokeless ‘transformation’ for the company is like no other
  • GM recalls 368,000 trucks for engine block heater fire risk
  • 10 companies that let you bring your dog to work
  • Democrats’ economic snubs baseless, give Trump edge in 2020: Linda McMahon
  • Kentucky Derby’s 2-time Triple Crown trainer Bob Baffert a $287M horse racing institution
  • Baffert has trained five Kentucky Derby winners overall.
  • Kentucky Derby purse rises to $3M, first increase since 2005
  • Kentucky Derby betting favorite Omaha Beach withdraws, shakes up field
  • Free trade and legal immigration can be economic cornerstones
  • Real reason Congressional Democrats trash Barr: Varney
  • Trump vs. Biden on unions: It is really about leaders vs. members

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

9MarketIndicatorsYahooFinance5.3.2019DailyBusinessNeawsManufacturedHousingIndustry-StocksMarketsReportsDataMHProNews

 

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 –

JobsSurgeAPrilUnemploymentLowestSince1969ManufacturedHomeMarketUpdatesMHProNews

We’ve sandwiched the West Wing Reads for today between graphics from left-of-center CNBC and a video from CBS News.

On a day when the Russell and the other 3 major markets rose, and the manufactured housing industry connected tracked stocks largely rose, here’s our report for tonight.

AprilJobsSnapshot1ChartInfographicApril2019CNBCDailyBusinessNewsMHProNews

Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969

“The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday,” Jeff Cox reports in CNBC. The American economy “easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate.”

Click here to read more.

 

 

“President Donald Trump hits a new high on his economic approval ratings in a new CNN Poll conducted by SSRS, reaching 56% of Americans saying he’s doing a good job on the economy,” Grace Sparks reports for CNN. “At the same time, Trump’s favorability rating has hit its highest point since the 100-day mark of his presidency.”

 

 

“Doing her best to raise the level of civility in Washington, Nancy Pelosi called William Barr a liar on Thursday . . . The real reason for Mrs. Pelosi’s slander is what else Mr. Barr said the last time he was before Congress. He said that spying on a political campaign was a ‘big deal,’ that he thought the FBI did spy on the Trump campaign in 2016, and that he intends to find out what happened and why,” The Wall Street Journal editorial board writes.

 

 

“What is perhaps most notable about this episode is that Robert Mueller — or, perhaps, as Barr hinted in his Wednesday testimony, people around him — were concerned about the media coverage and political discussion around his report. Particularly troubling was that it wasn’t damning enough of the president. This is not a prosecutorial concern, but a political one unworthy of people who were invested with incredible investigative power in the name of objectivity,” the National Review editorial board writes. “Bill Barr’s critics are demonstrating their lack of judgment and seriousness, not his.”

 

 

“Only about 15 percent of America’s students have a reasonable understanding of American history. And the numbers look just as bleak in other core subjects,” Education Secretary Betsy DeVos writes in the New York Post. “There are many who propose we spend even more on doing the same thing over and over again. Albert Einstein called this ‘insanity.’ . . . Students deserve something different. And actually doing something different demands courage to confront a powerful and pernicious establishment — one that opposes change in education.”

 


EmploymentSincePOTUSDonaldJTrumpTookOfficeJan2017

Bloomberg Closing Ticker for MHProNews…

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

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

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

5.3.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

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

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

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

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


HUD Secretary Carson on National TV, Touting Manufactured Housing, More Jobs & Investment Opportunities

May 3rd, 2019 Comments off

 

HUDSecretaryBenCarsonFoxNewsNationalTVManufacturedHomesManufacturedHousingJobsInvestmentsOpportunityZonesMHProNews

For over a year, the Daily Business News on MHProNews has been virtually alone in the industry’s trade media in periodically spotlighting the Opportunity Zones that were part of the Trump Administration tax and economic stimulus plans. Given the nation’s complex ‘carrots and sticks’ federal tax system, the Opportunity Zones are a plan that provides significant incentives to invest in thousands of locations in the states and Puerto Rico to create new private-sector investments that would generate those coveted ‘higher paying jobs.’

 

 

Last week, HUD Secretary Carson made an appearance on Steve Hilton’s “The Next Revolution” on Fox News, to discuss details to those Opportunity Zones.  Carson chairs a team on that initiative, but what made this interesting that in the context of that discussion, he raised the issue of manufactured homes. The secretary’s comments were positive, useful for the industry, and occurred in the back half of this under 7-minute video interview.

Taken in conjunction with Secretary Carson’s positive comments to the Manufactured Housing Consensus Committee reported first exclusively here on MHProNews, they are an obvious part of the case to be made to promote the manufactured housing industry’s long-overdue recovery.

Those positive comments by Secretary Carson to the MHCC are now found on the Manufactured Housing Association for Regulatory Reform (MHARR) website, at this link here, as part of their new and more detailed Washington Updates report.

Since the Manufactured Housing Institute (MHI) was also at that same event, why are Secretary Carson’s comments missing from their website?

 

SecretaryCarsonMHCCThomTillisSteveHiltonVideosManufacturedHousingInstituteLogoMHIlogo2019-05-03_1931MHProNews

 

There are 4 articles on MHI’s website that mention Secretary Carson, but none of them are recent or mention Manufactured Housing, the MHCC comments, or the opportunity zone topic.  They put it out to their members via email.  So why not post it on their website, where the world will see it?

What about MHI’s social media?

There was nothing on Twitter from MHI on this topic.  On April dates before or since the date of the broadcast on Fox News of Secretary Carson, there were lots of pretty photos.

Here below are two examples.

PalmHarborNationwideMHIFBLogopage2019-05-03_1915DailyBusinessNewsManufacturedHOusingMHProNews

But once more, no actual, substantive comments from MHI about the Steve Hilton interview with Carson. Why not?  Why does MHI tout the Carson comments only in their email to their own members?

Singing to the choir is fine.  But isn’t it the broader national audience that needs to be converted to the notion that manufactured homes are a solution?

SenatorTimScottOpportunityZones$6TrillionHUDSecretaryCarsonManufacturedHousingMHProNews

The numbers for March 2019 manufactured home shipments are in.  They are down once more, for the 7th month, as recent signals from MHProNews reflected.  We’ll have our report on Monday.

Factory backlogs from a Clayton plant and others are reportedly down significantly from this time last year. That may signal that this down-trend will linger.

 

MHILogoPleasantValleyHomesWrapAroundPorchMHIFBpage2019-05-03_1919DailyBusinessNewsManufacturedHOmeIndustryMHProNews

 

Regardless of what the powers-that-be may wish to posture or claim, the downturn can’t be pawned off on FEMA, inventory adjustments, or any other excuse. Yes, the John Oliver “Mobile Homes” video is recent.  The impact on the market is not yet known, but are we expecting it to boost sales?

The reality is that manufactured housing has had more problematic news for years than positive news.  MHI’s prior chairman admitted that there is a case to be made to respond to every bad news report.  Why is it that MHI has failed to do so?

ManufacturedHmeIndustryAchieveGreatPotentialAddressingResolvingCauseCorePerceptionIssuesLATonyKovachQuotePresentationPhoto

If retail demand and wholesale orders for more rental homes were there, orders and production from factories would obviously be rising.

Back to Secretary Carson.

Per Steve Hilton’s interview YouTube page, the interview focused on “Ben Carson on Trump administration efforts to boost economic development in distressed areas. Carson also discusses the Department of Housing and Urban Development’s new ‘opportunity zones’ program.” But as noted, Dr. Carson ties those zones directly in with the home ownership and the role that manufactured homes should play.  That ought to be celebrated and spotlighted by industry professionals, not just here on MHProNews, but throughout the industry – and to the public at large.

Our platforms have and will publish this for the professional and the public.  Will others follow suit?

The HUD code home industry has perhaps the friendliest voice in Secretary Carson since the Manufactured Housing Improvement Act of 2000 (MHIA) was passed. Yet, both Democratic and Republican administrations have failed to fully and properly implement the MHIA 2000, and MHARR recently noted in a document to Secretary Carson, linked here.

MHI and their apologists need to carefully digest what the MHARR said in the 3 reports, linked below.

That’s this evening’s edition of “Industry News, Tips and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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

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

Related Reports:

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

“Lead, Follow … Or Get Out of The Way”

 

MHCC Addresses Multiple Issues, HUD Secretary Carson Praises Manufactured Homes at Meeting

MHARR Calls on HUD Secretary to End Discriminatory And Exclusionary Zoning of HUD-Regulated Manufactured Homes

“The Illusion of Motion Versus Real-World Challenges”

Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

 

 

 

 

 

 

 

 

 

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


Governor Signs 18’ Wide Single-Section Bill

May 3rd, 2019 Comments off

GovernorSigns18WideSingleSectionBillMHAODailyBusinessNewsMHProNews

The first session of the 57th Oklahoma Legislature completed its third month last week as the Senate and House completed hearing bills on the floor of their respective chamber by the April 25 deadline,” said the Manufactured Housing Association of Oklahoma (MHAO).

 

Governor Kevin Stitt has signed the bill that makes 18’ single sections legally transportable in Oklahoma.

On [April] the 26th Governor Stitt signed HB 1217 which will allow homes not exceeding 18 to be transported upon the Interstate/Defense Highways, effective November 1st,” said the MHAO.

An 18’ wide single section can rival the size of a modest multisectional, without additional installation costs needed for two sections.

 

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An example of an 18’ floorplan is shown.

Governor Kevin Stitt and legislative leaders are continuing to negotiate the FY20 state budget and an agreement could be announced in the very near future. Sine Die is May 31 by 5:00pm, however depending on the timing of the budget agreement, it is possible legislators will adjourn earlier than that day,” said MHAO.

That said, and while this is useful, the industry is still down from 2018.  See related reports, further below.

That’s this afternoon’s edition of “Industry News, Tips and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Related Reports:

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Warning – Number 1 Manufactured Housing State, Texas – Reports Month Over Month Rise, Year over Year Shipment Decline Continues

Newly Published Regional State Data Reflects Gainers, Losers in New Manufactured Homes Shipped

 

 

 

 

 

 

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