Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Register for free Podcasts of Manufactured Housing News at Noon

MH Communities Reminder, Assistance Animals – HUD Order Levies Landlord Fine

November 20th, 2018 Comments off

MHCommunitiesReminderAssistanceAnimalsHUDOrdersLeviesLandlordFinesDailyBusinessNewsMHproNews

For several years, MHProNews provided articles by the Fair Housing Lady, Nadeen Green, JD.  Green provided insights into the developments that impact landlords and housing provider.

 

Green retired, and we’ve not yet identified someone to fill her often witty and legally insightful shoes.

MHCSuedAccusedofHousingDiscriminationByDepartmentofJusticeNadeenGreen-jd-for-rent-posted-daily-business-news-mhpronews

Nadeen Green, JD

But we still carry news stories on examples from inside MHVille, along with periodic news reports from outside manufactured housing that could also apply.  Those are reminders that certain practices can open a business and/or individuals to liability.  This type of news item are a stark reminder of what not to do.

Some previous insights from Green on this topic are linked here.

The news from HUD on a case that was settled is found below.  At the end of this report, you can access a webinar presentation by Green on this very topic.

 

HUDNewsHousingUrbanDevelopmentDailyBusinessNewsMHProNews

 

HUD ISSUES ORDER SETTLING CLAIM OF DISCRIMINATION BY NEW YORK LANDLORDS AGAINST TENANT WITH DISABILITIES 

WASHINGTON –The U.S. Department of Housing and Urban Development (HUD) today announced that Nolo Contendere, LLC, and Nolo Contendere LLC Trust, the owners and agent of an apartment complex in Syracuse, New York, will pay $15,000 under a HUD Consent Order resolving allegations that the owners and their agents refused to allow a woman with mental disabilities keep an assistance animal. Read the settlement agreement.

The Fair Housing Act prohibits housing providers from denying or limiting housing to persons with disabilities and from refusing to make reasonable accommodations in policies or practices, which includes denying service animal requests. 

“People who rely on assistance animals to maintain their independence shouldn’t have their right to housing accommodations unlawfully denied,” said Anna María Farías, HUD’s Assistant Secretary for Fair Housing and Equal Opportunity. “HUD will continue to ensure housing providers understand their rights and responsibilities under the law and take steps to meet those obligations.” 

The case came to HUD’s attention when a woman with mental disabilities filed a complaint alleging that Nolo Contendere, LLC, and its owners refused to allow her to keep an assistance animal. HUD’s charge of discrimination alleged that after the tenant brought the animal home, an agent for Nolo Contendere confronted her about the animal. The landlords refused to make an exception to their “no-pets” policy, even after the woman provided documentation attesting to her disabilities. HUD’s charge further alleged that the landlords initiated a retaliatory eviction action against the tenant after she made the accommodation request, in violation of the Fair Housing Act.

Under the terms of the Consent Order, entered by a HUD administrative law judge, the apartment owners will pay $15,000 to the woman, undergo fair housing training, and create a reasonable accommodation policy that allows residents with disabilities to keep assistance animals, including emotional support animals. 

“This agreement highlights the importance of landlords following the law and making reasonable accommodations to their pet policies for tenants with disabilities,” said J. Paul Compton Jr., HUD’s General Counsel.

April 2018 marked the 50th anniversary of the passage of the Fair Housing Act. This year, HUD, local communities, housing advocates, and fair housing organizations across the country are conducting a variety of activities to enhance awareness of fair housing rights, highlight HUD’s fair housing enforcement efforts, and end housing discrimination in the nation. For a list of activities, visit HUD.gov/FairHousingis50.

The Fair Housing Act prohibits discrimination in housing because of race, color, religion, national origin, sex, disability and familial status. People who believe they have experienced discrimination may file a complaint by contacting HUD’s Office of Fair Housing and Equal Opportunity at (800) 669-9777 (voice) or (800) 927-9275 (TTY). Housing discrimination complaints may also be filed by going to www.hud.gov/fairhousing.

HUD’s mission is to create strong, sustainable,
inclusive communities and quality affordable homes for all.

###

FairHousingServiceAnimalsLettingCatOutOfTheBadNadeenGreenDailyBusinessNEwsMHProNEws

Click here or the image above to see the report.

 

That’s “News through the lens of manufactured homes, and factory built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(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:

Feds Bring Charges Against Manufactured Home Community Owner

 

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


Investor Fright Bites FAANG, Drags Equities, Plus MH Market Updates

November 19th, 2018 Comments off

CNNmoney11.19.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe FAANG Stocks are in full retreat. Facebook, Amazon, Apple, Netflix and Google are all sliding.  We’ll show you the data. There’s growing discussion about breaking up the tech behemoths. The bite out of the value of the FAANG stocks, are our focus for this evening.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline 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.

 

Select bullets from CNN Money…

  • The Dow fell nearly 400 points
  • Morgan Stanley: We are in a bear market
  • Why investors shouldn’t lose sleep over inflation
  • Disney gets approval from China for Fox purchase
  • CEO who voted for Trump thinks it’s time to focus on infrastructure
  • David’s Bridal is filing for bankruptcy
  • PERSPECTIVES The case for starting the hunt for STEM talent in high school
  • Instagram cracks down on fake likes, follows and comments
  • Global slowdown: 3 of the top 4 economies are suffering
  • White House backs down from legal fight, restores Jim Acosta’s press pass
  • There won’t be a comedian at the White House Correspondents’ dinner this year
  • She thought flowers were a waste of money. Until selling them brought in millions
  • Carlos Ghosn’s arrest shows that even visionaries need oversight
  • He saved two companies. Now his legacy is in doubt
  • Nissan chairman arrested over alleged financial misconduct
  • Why the Carlos Ghosn scandal matters
  • Addiction in the corner office
  • J Crew’s CEO steps down after a short run
  • Former GE boss Jeff Immelt reveals his biggest regrets
  • Narcissistic chiefs put companies at risk
  • How successful CEOs manage their time
  • BRACING FOR BREXIT
  • A messy UK departure from the EU is the last thing Wall Street needs
  • UK may face a recession if Brexit is botched
  • What the Brexit deal means for business
  • What’s at stake if a Brexit deal falls through
  • Germany’s Schaeffler is closing two UK plants over Brexit

Select Bullets from Fox Business

  • US stocks tumble as tech titans slide
  • Can investors expect a Thanksgiving rally?
  • Meghan Markle’s IRS tax review may expose royal family’s riches
  • Michael Bloomberg donates $1.8B to alma mater
  • What to know about the Navy’s new Lockheed Martin warship
  • Teen ‘sisterpreneurs’ create multimillion-dollar business in parents’ kitchen
  • Nissan’s Ghosn arrested in Japan for under-reporting salary, to be fired
  • Thinking about retiring? These states don’t have an income tax
  • Forget Chick-fil-A and McDonald’s: Owning this franchise could be more profitable
  • General Electric taps John Rice, 2 others to lead power unit
  • These colleges offer the top financial aid packages
  • Macy’s to kick off Black Friday sales on Thanksgiving Day again
  • Thanksgiving travel: 3 best airlines for flying economy
  • List of stores that are closed on Thanksgiving
  • Willie Robertson’s journey to ‘American Entrepreneur’
  • Facebook CEO Mark Zuckerberg having a ‘high noon’ moment: Varney
  • California PG&E wildfire victims susceptible to financial sucker punch: Judge Napolitano

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

9MarketIndicatorsYahooFinance11.19.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.19.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

FAANGFrightBitsFAANGDragsEquitiesPlusMHMarketUpdatesDailyBusinessNewsMHProNews

U.S. stocks spiraled lower Monday with U.S. tech companies, including Facebook and Apple, pacing the declines. The Nasdaq Composite fell 3 percent or 219.40 points. While the Dow Jones Industrial Average lost over 395.78 points or 1.5 percent, trimming what was a 500 point midday loss. While the broader S&P 500 lost 45.54 points or 1.6 percent,” said Fox Business.

There’s a lot going on here.

Nov192018FAANGStocksDropDailyBusinessNewsMHProNews

Some believe, for example, that Facebook will bounce back and this is an opportunity to ‘buy the dip.’ But others think this is a signal for a broader move, a growing revolt and concerns that regulators and/or antitrust efforts could be ahead.

MHProNews has reported on this trend for some time, both for the impact on FAANG – which are increasingly talking up or actively backing certain factory-built housing operations – but also because of privacy, bias, and other concerns.

TechWreckContinuesBloombergFacebookAppleDailyBusinessNewsMHProNews

Big Tech has been a big backer of Democrats.  President Trump has sounded off against big tech’s anti-conservative bias on various occasions.

Jeff Bezos quipped recently that the day will come when Amazon fails, but their job was to keep that from happening any time soon.

The word heard is that 2019 could see a serious antitrust action. Will it include MHVille and Berkshire? Time will tell.

Related Reports:

Brad Says POTUS Trump is Right: More than Facebook & Twitter, Google Threatens Democracy, Online Freedom

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

Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

 

 

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).

11.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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

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

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

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

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

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


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

November 19th, 2018 Comments off

 

LegacyHousingLOGOIPOLendingTreeLOGONewHUDLOGORulingUpdatesDailyBusinessNewsMHProNews

It’s Thanksgiving week, and virtually everyone in manufactured housing will get some time off this week.

 

That means many will travel to be with family and loved ones. While traveling, many often use that time to catch up on MH “Industry News, Tips and Views Pros Can Use” © that they may have missed.

MHProNewsDropShadowRWBlueLogo

There are new Featured Articles for November 2018 found via links from the MHProNews home page, just scroll down from the top of the home page, or you can access the list from the link here.

 

Legacy Housing IPO Update

Those November articles include an update with additional information since our initial Daily Business News on MHProNews report on the Legacy Housing (LEGH) IPO. That Legacy update report is linked here.

 

HUD Final RV Exemption Rule

The Manufactured Housing Association for Regulatory Reform (MHARR) has also provided an update. It is on the new HUD guidance on their RV rule. That’s a more important topic than some in MHVIlle realize, notably for community operators, producers, and others too. That MHARR update is linked below.

HUD Publishes Final Revised Rv Exemption Rule

 

 

Lending Tree Shows How Its Done…

Lending Tree (LT) has provided us a new report for MHLivingNews. If MHI routinely produced content similar in quality to what Lending Tree did for the public-at-large, in conjunction with the other elements of PEP, it would in time make a positive difference in new home sales. That LT feature is linked below.

 

The “Need For Quality Affordable Housing Has Never Been Greater,” Says LT

 

 

November Featured Articles and Reports

Our November 2018 Featured Articles and Reports includes a new article from popular speaker, author, and trainer, Tim Connor, CSP. Connor is one of the most prolific writers or sales, training, change management and more, with over 80 published books, including the international best seller, Secrets of the Soft Sell.

Connor has done work for numerous factory builders over the years. He has also addressed state associations in manufactured housing in places like Texas and Wisconsin.

Connor’s latest to MHProNews is linked here.

 

NewMHProNewsWebsiteManufacturedHousingIndustryDailyBusinessNewsMHProNews

Forward Looking

The next version of the MHProNews website has been underway for several months. Once complete in early 2019, it will have new features not found on the current version.

While we are already the largest and most popular trade media by far in all of manufactured housing, there are several reasons to believe that the new tech behind our upgrade will make this an even stronger magnet for industry professionals, investors, and certain public officials.

News media, educators, and other professionals researching manufactured housing will also be attracted.

For sponsorship opportunities, web, video, and other business development opportunities, click here or on the graphic below.

 

newgifSeeMeOnManufacturedHousingIndustryMHProNews

 

There will also be a special Masthead this week, currently scheduled for tonight or Tuesday. As with other Masthead news, commentary, and analysis, it will be dated on the top right corner, and will be found at this link here. It will have new insights and surprises for the industry’s professionals. Don’t miss it.

Finally, our industry leading headline news emailed updates has been red, read hot. To see a sample, click here. To sign up for free in just seconds, click here.

Let’s toot our own horn as we say that our headline news is read by arguably the largest and most powerful people in our industry, as well as by small to midsized firms too. Our sources tell us that association leaders pour over each issue. Some of the industry’s deepest pockets, as well as rising stars in MHVille do too.

Thank you for making and keeping us Number One. Thank you for more than doubling our readership and visits in the last year.  Our special thanks to our clients, sponsors and insider news sources too.

 

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

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

To provide a news tip, click the image or link above. See a new related report, linked below. That’s “Innovation – Information – Inspiration for Industry Professionals,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(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:

Beautiful, Harsh, Priceless Realties from a Master Builder, Monday Morning Marketing, Sales, Meeting

http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/manufactured-housing-mhville-its-not-a-matter-open-to-interpretation/

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

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


16 Tons, and MH Whistleblowers

November 19th, 2018 Comments off

16TonsMHWhisltblowersDailyBusinessNewsMHProNews

We’ve entered a new era.

 

But in some ways, it’s a throwback to decades ago, when thousands of workers resembled the message of the classic song, “16 Tons.”

There was a time after slavery ended in the U.S. when workers in various markets – including, but not limited to those in mining – were essentially trapped in ‘company towns.’ You made just enough to keep a roof over your head, basic food, and clothing.

It was the ultimate monopoly. For those who think that a monopoly is no big deal, imagine what America would look like in 10 years if the monopolists won.

CompanyStoreDefinedDailyBusinessNewsMHProNews

SmallbusinessFactsSBADailyBusinessNEwsMHProNews

According to Genius, here below are the lyrics to the classic Tennessee Ernie Ford son, which are also shown on screen in the video, posted below.  It was wildly popular in that era, and offers lessons to those who ponder its meaning today too.  You can play the video to hear the music and song, as you read the lyrics.

16 Tons

 

[Verse 1]
Some people say a man is made outta mud
A poor man’s made outta muscle and blood
Muscle and blood and skin and bones
A mind that’s a weak and a back that’s strong

[Chorus]
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter, don’t you call me ’cause I can’t go
I owe my soul to the company store

[Verse 2]
I was born one mornin’ when the sun didn’t shine
I picked up my shovel and I walked to the mine
I loaded sixteen tons of number nine coal
And the straw boss said “Well, a-bless my soul”

[Chorus]
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter, don’t you call me ’cause I can’t go
I owe my soul to the company store

[Verse 3]
I was born one mornin’, it was drizzlin’ rain
Fightin’ and Trouble are my middle name
I was raised in the canebrake by an ol’ mama lion
Cain’t no-a high-toned woman make me walk the line

[Chorus]
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter, don’t you call me ’cause I can’t go
I owe my soul to the company store

[Verse 4]

If you see me comin’, better step aside

A lotta men didn’t, a lotta men died

One fist of iron, the other of steel

If the right one don’t a-get you, then the left one will

[Chorus]
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter, don’t you call me ’cause I can’t go
I owe my soul to the company store

 

 

There was also the era of the “Robber Barons,” which were eventually broken up by antitrust action.

It’s not always as easy to see, but a more complex form of those phenomenon arguably has begun, and is developing today. That emerging trend impacts manufactured housing.

 

RobberBaronsBigTechManufacturedHousingLATimesNewYorkPostDailyBusinessNewsMHProNews

It impacts the vast majority in our industry, including those who work for a conglomerates brands in manufactured housing.  Who says?  Among others, sources within those MH brands.  ICYMI, or need a refresher, you can later read the reports linked from this article for more insights and details.

 

Former Clayton Homes Team, Employees Speak Out – Mainstream Media, Trade Media Reports

 

It’s from deep, well placed Clayton Homes contacts that the stories above and below developed.

 

Clayton Homes and 21st Mortgage’s Manufactured Housing “Spies”

 

It was sources inside and deep within, Cavco, as pros well long standing ties to Cavco Industries, that helped round out and develop the report linked below, along with others from that same post.

 

Hedge Fund’s Cavco Move, and More from Inside MHVille

 

Sources within and tied to MHI have provided MHProNews with insights that have proven useful to thousands of industry readers who’ve wondered, when is manufactured housing actually going to return to something more like the shipment levels of the industry’s glory days?

 

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

 

Insider tips, whistleblowers, and just savvy sources are among those who’ve helped transition the manufactured home industry’s top trade media on the Daily Business News on MHProNews into our industry’s trade media unrivaled leader.  Men and women, workers and leaders from operations of all sizes logon daily by the thousands.

And our third-party traffic logs reveal that for a modest industry, our market penetration is likewise unrivaled. This requires team work.

 

Whistleblowing, Tips and More – Becoming a MH Citizen Journalistic News Source

It’s your industry, and your country. Sound off via:

  • on or off the record news tips
  • expert insights,
  • anonymous document drops,
  • Whistleblowing,
  • and more.
ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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

Notice:

As a rule, we’re not interested in people’s private lives, unless it directly relates to or somehow impacts an operation, consumers, or the profession in some bright line fashion. For example, when a community manager or owner attempts to coerce sex from residents, that’s a federal fair housing violation, and may violate other civil rights. We’ve reported that as news, as in the example linked below.  But most private activities of professionals, no matter how embarrassing, isn’t what we’re interested in.   Hopefully that helps clarify the news worthy subject matter.

Feds Bring Charges Against Manufactured Home Community Owner

 

The nation and our manufactured home industry are in flux. News tips and feedback – on or off the record – and whistleblowing are part of how we interact with the industry, and that keeps savvy, honest professionals informed.

 

Help Us, Help You

One of our industry’s favorite tag lines, and it isn’t ours, is “Better Together” – because that captures the essence of what should ideally happen — mutual victories through joint efforts.

What ROC USA’s tag line expresses could be rephrased something like these two notions for the industry’s professionals.

  • Achieving Mutual Victories by Wisely Working Together.”
  • Together, Let’s Honestly Protect, Properly Educate and Promote the Proven Affordable Housing Solution, Today’s Manufactured Homes.”

We can’t do it alone, and thankfully, we have had useful support and insights for years.  There have always been willing clients and sponsors, who’ve routinely thanked us for results, along with expert, inside sources that gave us tips, news, documents, evidence, and comments.  Those in turn have helped spotlight the real problems that have held manufactured housing back from its potential.

If you don’t want to shop at the company store of the future, this is the time to step up to the plate. Some more recent examples of MHProNews stories that resulted from industry tips and sources are found below. We Provide, You Decide.”  © ## (News, analysis, and commentary.)

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

(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:

MH State Association Issues Midterms Report – Rent Control Alert – Reveals Troubling Trend

http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/manufactured-housing-mhville-its-not-a-matter-open-to-interpretation/

Manufactured Home Resident Group President Cautions Against MHAction, Surprising Background Reveal to Manufactured Housing Action

 

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


Beautiful, Harsh, Priceless Realties from a Master Builder, Monday Morning Marketing, Sales, Meeting

November 19th, 2018 Comments off

 

BeautufilHarshPricelssRealitiesFromMasterBuilderMOndayMornignMarketingSalesManagementMeeting

There can be a bit of fun at times saying something that others think is politically incorrect. Because sometimes politically incorrect things need to be said. They are essential in debunking today’s inconvenient truths, so you might as well enjoy doing it.

 

Because there’s plenty to debunk.

For example.  On social media, it’s common to find positive thinking ‘uplifting’ and ‘feel-good’ messages. Many of us have shared, read, and enjoyed them. Among them are variations on the following theme.

 

If you keep and hold positive thoughts,
then positive thoughts and
positive things will come back to you from others.’

 

At the heart of every error one can often find a kernel of truth. That’s the case with the above. So, what follows is what refutes – but also clarifies, and painfully confirms – the above.

Jesus of Nazareth was a carpenter, more precisely in the Greek, a tekton, a worker in stone and wood. He likely built housing, as well as furnishings, tools, and such. In fact, one of Jesus’ parables was about building a home on a proper foundation. Because, as the Nazarene explained, a house with a faulty foundation can readily collapse.

 

The Proper Foundation

The right foundation is a key to much in life, not just home building. When someone is building on misinformation, for example, the higher the degree of misinformation, the lower the success rate will tend to be.  I’ve seen and visited numerous sales centers and communities that did so much correctly, but were underperforming.  Sometimes, only a few things – often in the mind or will – that some might think little were missing.

Billions globally profess some level of belief, however imperfectly, that Jesus was both a human and Divine person. This God-Man, admittedly an affront to the faith of some others, was said to be sinless, perfect.

That perfect person taught love, forgiveness, and charity in its original sense. He greeted others with “Shalom,” ‘peace be to you,’ which has its Jewish and Muslim variations. In the ancient Hebrew sense, “Shalom” was a prayer or wish for all that is good – more than peace – it meant the blessings of good health, spiritual, social, and financial.

So, follow along.  Here’s this perfect person, Jesus, who:

  • healed people,
  • encouraged others to be their best,
  • corrected those who erred,
  • never harmed another soul,
  • held the powerful of that time and place to account,
  • feed the hungry,
  • taught mercy and forgiveness,
  • forgave sins,
  • and taught others to do the same.

How was this Jewish Carpenter – a tekton, a builder like many of our readers – greeted by His contemporaries?

The reactions were mixed. Some adored Him, others despised Jesus, and others still played ‘wait and see.’  Human nature is now what it was then.

In the end, that perfect person – who by definition had perfect thoughts – was put to the most horrific death then known to mankind. That’s where that social media meme paraphrased above fails.  Jesus crime? To speak His Truth to earthly power, and not back down from it.  Christians surprisingly often forget that Jesus overturned the tables of the moneychangers. He was strong, a tekton, a man’s man, not a milquetoast. 

Jesus was disruptive.  He had friends, enemies, and those in between.

He challenged the status quo, but the adult from Bethlehem didn’t do so with what we’d normally think of as weapons.  Because the weapons the Nazarene used were words and deeds.

Back to the paraphrase above from social media. Those who sincerely believe that if you send out good thoughts, that they will automatically come back are both right and wrong. The perfect example is Jesus. He suffered and died for those good thoughts and actions. But then and since, billions believe Jesus was raised from death, and in time, ascended into heaven after showing numbers of others that death isn’t the final word.

There is no victory without sacrifice. In the gym, they say, ‘no pain, no gain.’ That’s far closer to the truth than the notion that nice thoughts alone will save the world.  Nice thoughts, must be followed by the proper deeds.

 

IfYouAreWillingtoAbandonYourPrincipelsforConvenienceofSocialAcceptabilityTheyAreNotYourPrinciplesTheyAreYourConstumeJoeConchaTheHillDailyBusinessNewsM

 

The first job for each of us is always the hardest, and it is always ourselves, and done interiorly. We work must work on our own understanding. We must strive to discover the true and the wonderous. We must work on our own weaknesses.  That takes humility, as the followers of Jesus learned.  To do that, we need God, but we also need each other.

From the penniless to the world richest man, all of us will someday die. That’s not negative, its reality.

What do we do with this gift of life between now and then?

If we think that something good will happen without sacrifice, that sounds like a nice meme on social media, but at that simplistic level alone, it would be mistaken.

Please check back to see the Masthead later today or Tuesday, because it very much relates to what individuals and locations in our industry must do to reach their potential and thrive.

But suffice for now this point. That everyone in management, sales, ownership, executive, investor, public official, or whatever level you care to think of must ponder.

Pretty words without their proper deeds can mask a harsh reality.

Noble, honest words matched by honorable deeds will in time achieve the greatest reward. But that never happens without time, effort, and sacrifice. That’s the ultimate lesson. With the right foundation, with proper understand and effort, we can achieve good things, even if it does require some pain and sacrifice, because it will.

 

MHProNewsDropShadowRWBlueLogo

mhmsm-logo-mhmarketingsalesmanagement-MHProNewslogo

 

That’s reality. And it’s beautiful. Learn and do what’s right, because more often than not, you’ll benefit others, and by doing so, you will profit yourself and so will the world. Integrity is the foundation for sustained success. But that doesn’t mean you won’t suffer some for it along the way.

 

HeWhoPassivelyAcceptsEvilisInvolvedHeWhoAcceptsEvilWithoutProtestisPerpetuatingitMartinLutherKingJrDailyBusinessNewsMHProNews

Let’s be clear.  Martin Luther King Jr. was a man, and he had his flaws and errors too. But he also helped change the nation, by standing up for specific principles. Many of those principles were predicated – built on the foundation – of faith and sound reason. The lesson is you don’t have to be perfect to do good, and help improve the world. Start wherever you are.

 

That’s Monday Morning “Innovation – Information – Inspiration for Industry Professionals,” © where “We Provide, You Decide.” © ## (Coaching, Commentary, and analysis).

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

IfPrettyPicturesVideosAloneWereEnoughMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews1

Learn more about the above, linked here.

By L.A. “Tony” Kovach – for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

Work, Life Balance and MHVille, Monday Morning Manufactured Housing Meeting

http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/manufactured-housing-mhville-its-not-a-matter-open-to-interpretation/

“Fixing Our Industry’s Terrible” Public Relations, a Proven Strategy

 

 

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


Hedge Fund’s Cavco Move, and More from Inside MHVille

November 18th, 2018 Comments off

 

HedgeFundsCavcoMoveMoreFromInsideMHVilleDailyBusinessNewsMHproNews

The Third Avenue investment fund has reportedly sold off all of its shares of Cavco Industries (CVCO).

 

Look carefully at collage/graphic with commentary, just below.

ThirdAveFundExistCavcoIndustriesToyotaGuruFocusThirdAveHelpedCavcoBuyFleetwood2009MHProNews

 

The stock has overall been slowly recovering since the SEC news broke, and it initially dropped like a rock.

CVCOJoeStegmayerStockDropAfterSECCOnnectedShakeupManufacturedHousingIndustryDailyBusinessNewsMHproNews

But there are now at least 4 law firms that are investigating stock fraud or other possible malfeasance. The SEC would not rule out or confirm to MHProNews possible antitrust concerns regarding Cavco. Nor would the SEC, or Cavco’s representatives, state which equity was being traded that has sparked this melee, and raised concerns about possible wrongdoing.

Among the well-known industry voices that have sounded off on the matter, was the following by email, with the bracketed words added to clarify the meaning. “Thanks for sharing…[the news reports]…these folks [Cavco] are in a mess and it doesn’t seem they’ve hit the bottom yet,” said a longtime manufactured housing industry professional.

You can find several recent reports with details on what a Cavco Industries insider has called a “debacle,” linked further below.

 

Next, next, and next…

Then, there’s ELS’ Sam Zell, Warren Buffett led Berkshire, and their Godfather-style encounter. If you are in any sector of manufactured housing, it should be priority reading.  That’s our Saturday report, linked below.

Jeff Bezos founded Amazon, as you likely know.  Bezo’s Amazon investment fund bet million on Plant PreFab, learn more about them below.

MHARR has an update from Washington, D.C. this week, which is an important read too.

On MHLivingNews, you’ll find how Lending Tree has praised manufactured homes in a way so smooth, that it should inspire MHI to take notes, and try to follow their lead.  Arlington, and your big boy members, are you watching and listening?

Larry King of CNN fame delivers a video message that is interesting, both for what is and isn’t said. It’s a great lesson in propaganda mixed with truth.

Clayton’s image campaign effort is found below too.  Insightful information of importance.

The SunDog story is an example of how a new firm got positive media in their market.

We have a powerful example of where left and right agree on a topic, that’s in the Daily Business News this past week as well.

SubmitNewsTipsManufacturedHomeProNewsMHProNewsLogoDailyBusinessNews

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

 

Tips and Industry Voices from the Mail and Message Bags…

The following that are quoted are unedited. Some are summarized, which aren’t in quotes.  These include messages from company leaders, in or out of MHI, as well as from other MH industry sources.

There were thoughtful comments of encouragement about Legacy, from outside of that company. See more on that which will be linked from a report on Monday.

The Third Ave item above came as a tip from a source with deep Cavco ties.  Thanks to all for their news tips and feedback.  Keep in mind that some news tips take time to develop properly, others can be shared more rapidly, as in the case of the above.

Let’s take a moment to reply to a reader’s question.  Q – “Are you guys socialists?”  A – Not even close. –> Respectfully, that’s a good example of why someone shouldn’t skim-read.  One missed word can change a meaning.  We’ve all done that, but we are pro-free enterprise, pro-faith, flag, family, and fortune honestly earned.

Here’s another comment, FYI – as usual, we add the brown/bold text for quotes.

Thanks for educating the masses. Combine this with what big tech is doing to conservatives. Americans need to wake up and trump needs to on the offense with the DOJ” and there was no period or the implied ‘go.’

Among the messages on Cavco, are those who feel bad for Joe and their company’s woes.

Speaking of Cavco, there’s this specific insight about the law firms preparing to sue CVCO. The comments will make sense once the articles about Cavco are digested: “They probably could care less about AT issues. They’re looking at investor class action for big/quick $$$.”

Shifting gears to Info Wars…”

The war between Globilism and Nationalism is real and I view as a war between good and evil. Control or freedom. Christ or antichrist. Trumplican or Democrat. Truth or deception.”

Reader comment on MHI…

The big companies have figured out how to get small- to mid-sized firms to pay MHI for what the big boys want. Lavin was right.”

Which each of the above reminds us of a standby from a company leader earlier this year: “If MHProNews is writing about it, I want to know about it.” At some point, we’ll copyright that one.

Speaking of mail, some came – believe it or not – from friends of MHI from the U.S. Mail.  Remind us, please, to share a few good laughs.

 

Beyond the Mail…

There is so much more below.  Don’t be the last to know.

In what Nathan Smith accurately called a modest ‘boutique’ sized industry today, over 10 thousand professionals logon daily to our MHProNews site.  Thousands are on our email list, which reads like a who’s who cross section of mom and pops to the corporate giants, and all in between.  Third-party Mail Chimp says our open rate and click rates dwarfs others in media and publishing. To sign up for our industry-leading emailed headline news, that links to top stories, click here.

There’s always more on MHProNews, plus the groundbreaking work being done on MHLivingNews.

Between these two platforms are important resources that professionals, researchers and investors rely upon.  We do the most fact-checks. We provide more genuine news, analysis, and commentary. Who else in MHVille trade media examines the performance vs. the words, and holds the powers-that-be to account more than we?

No one else even thought about doing “New through the lens of manufactured homes, and factory-built housing,” © before we did it. Now, a few are paying the ultimate compliments, by trying to copy that and other things that we’ve done and are doing. Thanks.

No one else in the industry has even tried to do MHVille connected market summaries daily, which are combined with news and analysis on a specific topic.  Our readers tell us these are some of the things that have made us the runaway #1 read “Industry News, Tips, and Views Pros Can Use.” ©  No one else even comes close.

Thanks again to our sponsors, clients, sources, and readers alike.  Speaking of sponsors, 3 MHI members reached out in the last several weeks, one of them pulled the trigger, and that one reported good results.

The ones that didn’t pull the trigger were politely told that while their business was welcome, and we would faithfully transmit their content and/or views, they had to clearly understand that their sponsorship would not change our editorial stance. We follow the facts, evidence, and money. We routinely reach out to the others we spotlight, and ask them to rebut, clarify or reply. Apparently, they can’t. Too bad, the sparks would be good for all, because sparks can shed light.

That’s the candid authenticity that makes us #1.  Again, thank you to all who make that so.

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.

Looking ahead:

The word heard on Friday is that there will be an announcement this week on a plan by an industry operation that merits attention. It’s a firm that is an MHI member, but once you see it, you may come to the conclusion that they have decided that what they’re doing from Arlington isn’t enough. We’ll plan a report as the facts emerge.

There will also be special Daily Business News and Masthead items tomorrow (Monday).  Don’t miss them.

With no further adieu, check out what’s new in MHVille in the more than two dozen reports below for the week that was, 11.11.2018 to 11.18.2018.

 

What’s New on MHLivingNews

 

The “Need For Quality Affordable Housing Has Never Been Greater,” Says LT

 

 

What’s New from MHARR

 

HUD Publishes Final Revised Rv Exemption Rule

 

 

What’s New on the Daily Business News on MHProNews

 1DailyBusinessNewsLogoMHProNewsLogo-1

 

Saturday 11.17.2018


Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

 

Friday 11.16.2018

YIMBY, Amazon backed Plant Prefab Introducing ADUs, Product Video

YIMBY, Amazon backed Plant Prefab Introducing ADUs, Product Video

CAVCO Stock Slowly Recovering, But More Law Firms Announce CVCO Investigations, Plus MH Market Updates

CAVCO Stock Slowly Recovering, But More Law Firms Announce CVCO Investigations, Plus MH Market Updates

Latest on the FHA, New Federal Report to Congress, Insider Insight

MH State Association Issues Midterms Report – Rent Control Alert – Reveals Troubling Trend

MH State Association Issues Midterms Report – Rent Control Alert – Reveals Troubling Trend

 

Thursday 11.15.2018

Criminal Justice Reform – Fact$ & Why it Matters to Manufactured Housing Professionals, Investors, and America

Criminal Justice Reform – Fact$ & Why it Matters to Manufactured Housing Professionals, Investors, and America

LoL! Larry King on RT Says – “CNN Stopped Doing News” – Demos How Fake News, Media Propaganda, Are Done, Plus MH Market Updates

LoL! Larry King on RT Says – “CNN Stopped Doing News” – Demos How Fake News, Media Propaganda, Are Done, Plus MH Market Updates

Cavco Shareholder Suits Prepping, CVCO, SEC, Insider Responses to Growing Scandal

Cavco Shareholder Suits Prepping, CVCO, SEC, Insider Responses to Growing Scandal

HUD Announces Relief from California Wildfires, MH Owners Can Qualify

HUD Announces Relief from California Wildfires, MH Owners Can Qualify

 

Wednesday 11.14.2018

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

Right Winger and Socialist Agree on Amazon & Bezos’ Deal, Plus MH Market Update

Right Winger and Socialist Agree on Amazon & Bezos’ Deal, Plus MH Market Update

Manufactured Home Transporter Dies, Services Announced

Manufactured Home Transporter Dies, Services Announced

‘Use Government to Handcuff Your Rivals, Clever’ – Stossel

‘Use Government to Handcuff Your Rivals, Clever’ – Stossel

 

Tuesday 11.13.2018

PreFab SunDog’s Leaders Encourage Buyers to “Contain Yourself”

PreFab SunDog’s Leaders Encourage Buyers to “Contain Yourself”

Oil Drop – Outlook, Energy Production, and Manufactured Housing, Plus MH Equities Updates

Dead Pimp, and Multiple MH Owner, Wins Election

Dead Pimp, and Multiple MH Owner, Wins Election

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

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

 

 

Monday 11.12.2018

Clayton Homes “New” Image Campaign, Surprising Facts Behind Have it Made Stigma Attacking Video

Clayton Homes “New” Image Campaign, Surprising Facts Behind Have it Made Stigma Attacking Video

Tariffs, Tech, Fed, Oil, Commodities and Today’s Tumble, Plus MH Equities Updates

Work, Life Balance and MHVille, Monday Morning Manufactured Housing Meeting

Work, Life Balance and MHVille, Monday Morning Manufactured Housing Meeting

An MHProNews Thank You to America’s Veterans, Plus VA Market At-a-Glance

An MHProNews Thank You to America’s Veterans, Plus VA Market At-a-Glance

 

Sunday 11.11.2018 and that Week in Review

“Rent is Too Damn High,” But Why? MHVille Struggles & Solutions

“Rent is Too Damn High,” But Why? MHVille Struggles & Solutions

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

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

(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:

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

 

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


Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

November 17th, 2018 Comments off

 

MachiavellianGodfatherSamZellWarrenBuffettCaptilLendingCrossedLinesManufacturedHousingDailyBusinessNewsMHProNews

Keep your friends close,

and your enemies closer.”

 

This [saying] has frequently been ascribed to Sun Tzu and once in a while to Niccolò Machiavelli or Petrarch,” says Edwar Louk in Quorayet there are no distributed sources saying which was its origin before its utilization by “Michael Corleone” in The Godfather Part II (1974), composed by Mario Puzo and Francis Ford Coppola: “My dad taught me numerous things here — he educated me in this room. He trained me — hold your friends close but your enemies closer.”

 

There’s a well known U.S. affordable housing crisis. Lawrence Yun at the National Association of Realtors said earlier this year that only builders getting really busy will close the gap, which he estimated at the time as 8.3 million housing units.  A number of tech gurus have said that only factory-home building can close that housing construction needs gap.

Several sources cited at the end of this report are from outside of the manufactured housing industry.  They have said, after researching the matter, that modern manufactured homes (MH) are an obvious part of the solution for the affordable housing crisis.  They include, but are not limited to:

  • The National Association of Realtors,
  • the Urban Institute,
  • Bloomberg,
  • Fannie Mae,
  • Freddie Mac,
  • Value Penguin,
  • HUD Secretary Ben Carson,

and others are among those in 2018 that have praised the quality, surprising safety, and value of today’s manufactured homes.

Yet the manufactured housing industry struggles in its actual performance, in bottom-line new-home sales. Why?

The reasons are many, such as

  • placement/zoning,
  • media/image,
  • regulatory and more.
  • But let’s focus for the next few minutes on access to capital and financing.

There are few in manufactured housing who can as credibly claim to understand the import and legal methods of raising capital as Equity LifeStyle Properties (ELS) Chairman Sam Zell.

Zell has numerous other business interests.  He is worth billions.  He’s been quoted saying he is happy to be correct 60 or 70 percent of the time. Billionaire Warren Buffett has famously been critiqued – and admitted on occasion – to making mistakes or missing opportunities too. Not to worry, because the baseball slugger who consistently bats .350 or better is worth millions annually.  Thankfully, no one has to bat a 1,000 to be successful.

So perfection isn’t the standard in business or investing. Consistency, overall performance, quality, profitability, legality – and hopefully ethics are, or should be – the standards. Toyota recently recalled 192,000 Prius vehicles in the U.S. alone.  Pay attention, because that won’t cause much of a hiccup for sales by Toyota.  So why, by contrast, does bad news so routinely harm manufactured homes so much more?

 

Stating the Obvious Brings Clarity

It bears stating the obvious. Manufactured housing is made up of a myriad of interrelated and specialized interests. They include, but are not necessarily limited to:

  • the production of manufactured homes,
  • the sale of manufactured homes,
  • the transportation and installation of manufactured homes,
  • land-lease manufactured home communities,
  • financing of manufactured homes (wholesale inventory and retail sales),
  • due diligence firms,
  • legal, accounting, HR, and compliance experts,
  • associations,
  • and the list goes on.

Furthermore, the manufactured home (MH) industry can be segmented into corporate giants, mid-level, smaller or even ‘mom and pop‘ sized enterprises.

Zell’s and Buffett’s interests in the MH Industry have both been represented on the Manufactured Housing Institute (MHI) Executive Committee level for years.  That’s where the power is at the MHI trade association.

The two moguls each know how to attract media when they want it. But given all that, it should not be construed to mean that Buffett or Zell’s interests are always in synch.

Nor are Buffett’s and Zell’s politics apparently in alignment.

 

 

ZellSamuelOpenSecretsCampaignContributions2018ManufacturedHousingIndustryDailyBuisnessNewsMHProNews

According to Open Secrets, which relies on public records, Sam Zell gave 100 percent to Republican candidates up to the 2018 reporting period reflected in the graphic, shown above. By contrast, Warren Buffett gave 100 percent of his campaign contributions to Democratic ones, as the image below demonstrates.

WarrenBuffettMarketWatchGivingIn2018CampaignDemocrats

 

Keep you friends close, and your enemies closer. With that backdrop, it is useful for manufactured home professionals to glance at the concept of interlocking directorates.

 

InterlockingDirectoratesGraphicExampleManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Business Dictionary defines ‘interlocking directorates’ thus, “Membership on the boards of directors of two or more firms by the same individual. It is normally legal except where the firms are mutual competitors, but is usually considered undesirable because it allows firms to exchange non-public (privileged) information and, therefore, may hinder fair competition.”

 

InterlockingDirectoratesDefinedDailyBusinessNewsMHproNews

 

Note that their definition is perhaps a bit legalistic. It’s because there are subtle ways that interconnected operations can influence other:

  • companies,
  • nonprofits,
  • foundations,
  • political organizations,
  • or governmental agencies,

which can then be wielded in a dynamically similar way as interlocking directorates operate.  As a reminder, here are MHI’s antitrust guidelines, and note the highlighted portions.

 

Interlocking Directorates

What perhaps too few in the trenches of manufactured housing grasp are how influence, information, and even power can be wielded by means of connections that are technically public, but if unreported or ignored, are effectively invisible. That isn’t a conspiracy, and it can be done in legal or illicit ways, as the prior definition, link to MHI’s antitrust guidelines, and graphics above itself suggests.

Those like Zell grasp this reality well, per our industry sources.

But that doesn’t mean that elites and/or their field leaders can also be blindsided by revelations such as Buffett’s obliquely funding activist protest groups, such as via the Tides Foundation, which in turn funds:

 

NovoFoundationWarrenBuffettTidesFoundationFundsMHActionManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Those bulleted activist groups are politically leftist, democratic socialist, or Democratic party in orientation. It’s what Buffett lieutenant Tim Williams, President and CEO of 21st Mortgage, a Berkshire-brand lender in manufactured housing, called aprogressive” “threat” that challenged manufactured housing. Yet Williams himself, per our sources, has personally contributed to progressive candidates, and via Political Action Committees (PACs), to several others.  We’re in football season, so can you spell, ‘head fake?’

Bluntly rephrased, Buffett has funded through various channels radical and leftist organizations that have deliberately targeted Zell’s ELS brand.

Let that sink in.

And if you are Sun Communities, UMH Properties, or any other sized manufactured home community or other MH operation, ponder this question. If Buffett’s money was used to target Zell, why wouldn’t they your or any other firm too?

 

WarrenBuffettGeorgeSorosPhotosHUDSecBenCarsonTidesFoundationLogoMHActionLogoMHActionProtestorPhotoManufacturedHousingIndustryMHProNews600

Warren Buffett has been funding leftist and Democratic causes and candidates for years. Among them are MHAction, which targeted via protest and mainstream media, ELS, among others in the industry. MHAction – which again benefited from cash that flowed from Buffett – also disrupted the address by HUD Secretary Ben Carson in Las Vegas last April.

 

Furthermore, Buffett’s Berkshire brand Clayton – per sources – has purportedly paid one or more writers who have spotlighted speaker/authors like Esther Sullivan. Professor Sullivan presents a mishmash of pro- and anti-manufactured home positions, most notably negative with regard the owners of certain manufactured home communities.

That’s not to say that only ELS has been targeted by progressive groups interconnected to Buffett’s financial largess. So have:

  • Frank Rolfe of MHPFunds/RV Horizons and his partners,
  • Blackstone – which entered manufactured home communities this year – and other community owners have been targeted by groups that were funded by sources that were given millions from Buffett’s coffers.
  • It’s not speculation, because there’s a public record and a money trail.

MHAction, MoveOn, The Indivisible Project, AntiFa are among those that have also targeted HUD Secretary Carson, others in the Trump Administration, including protests of President Donald J. Trump himself.  Battle lines are being drawn by Buffett on the political left and people like Zell who favor more pro-business policies, like those of the GOP and it’s disruptive 45th president.

 

WarrenBuffettBillClintonHillaryClintonBarackObamaKevinClaytonNathanSmithPhotosDailyBusinessNewsMHproNews600

 

A Surprising Discovery

MHAction directly and indirectly revealed to MHProNews their lack of interest in ‘small fish‘ like manufactured home community professionals, George Allen, Spencer Roane, Tom Lackey and SECO. Those three and their ‘education’ all have ties to business tactics that led the Chattanooga Times Free Press and other media to spotlight allegedly illegal activities that harmed numerous consumers. Per mainstream media and other sources to MHProNews, various public officials in Georgia and elsewhere are reportedly investigating those concerns.

 

TonyaEvansLost16000InvestedInHomeSheSaysPurchasedfromTomLackeyStoneyPointeMobileHomeParkManufacturedHousingIndustryNewsMHProNEws

If MHAction cared so deeply about ‘victims’ of ‘predatory companies,’ where were they on this issue? MHProNews knows from multiple sources that MHAction was aware of these events, but opted not to act on behalf of those residents. Learn more, linked here.

 

Put differently, there is an open question as to what motivated and directs MHAction or others, to target Zell, Rolfe and Blackstone instead of others like the example noted in the report about Lackey and company, which are linked from the image above and below.

 

TomLackeyPhotoGeorgeAllenphotoSpencerRoanePhotoMHVillageLogoMHIDailyBusinessNewsMHProNews

Click here to learn more. If the pro-manufactured home industry’s trade media doesn’t police its own, then mainstream media and public officials will eventually do it instead. Accountability is a traditional role for any industry’s good trade media.  Click here to learn more about the troubling tales about Lackey, Roane, and Allen.

 

If MHAction and their allies are posturing as fighting for the ‘little guy’ who leases a site from an alleged problem operator, why did MHAction or other resident groups effectively ignore defending the purported victims of Tom Lackey? After all, various public accounts, and governmental investigations, claim and are investigating Lackey and his defenders/promoters shown above as potentially guilty of serious criminal and civil offenses.  Of course, like Buffett or anyone else, they are deemed innocent in the eyes of the law, until they plead or are proven guilty in a court of law.

So why does MHAction go after firm’s like Zell’s instead?

That’s not to suggest that Ken Borden at MHAction gets a call from Warren Buffett – that’s unlikely and unnecessary. All that billionaire Buffett has to know is that his money went to the Tides Foundation, and trusting the Tides’ track record would be enough for him. See what Buffett says in his own words, further below, about not-micromanaging. Then someone like Borden will be identified and selected, and they will know what to do, and not do.

 

PavingTheRoadToHellMHActionKevinBordenNYCCJonathanWestinDailyBusinessNewsMHProNews

Facts are facts. Borden and leftist NY Communities for Change, an offshoot of the now defunct, and scandal plagued ACORN, targeted ELS communities that were reportedly well run and operated within the law. By contrast, MHAction ignored Tom Lackey, George Allen, Spencer Roane and their colleagues. An on-the-ground source told MHProNews that Lackey’s community was “a slum.” Which begs the question. Is MHAction and other like organizations funded by Tides the strong arm tactics of the political left? Are they part of a shakedown, worthy of a RICO and other investigations by state or federal authorities? Legal sources have suggested precisely that could be true. For more on Borden, and MHAction, see “Paving the Road to Hell,” at this link.

 

Why This Matters to Firms of All Sizes in Manufactured Housing

Companies of all sizes in manufactured housing routinely need access to capital and financing.

Every sized operation is impacted by the industry’s stigma, which Clayton Homes and MHI posture at addressing, but have arguably clearly failed at fixing. The evidence? New HUD Code home sales statistics are a stark reminder.

 

ManufacturedHousingInstituteLogoMHILogoSept2018MonthlyEconomicReportDailyBusinessNewsMHProNews (1)

From a report on MHLivingNews.com, which spotlights an article by Lending Tree that is superior to most anything that MHI has produced to ‘promote’ manufactured housing. See that Lending Tree statement – very favorable to manufactured homes – at this link here.

 

It’s the facts – performance – that is the baseline reminder that MHI and Clayton ‘leadership” have failed the industry’s independents.

Marty Lavin, an attorney, MHI award-winner, and long-time finance, community and retail success said that MHI works for the interests of the “big boys.” The interests of other sized firms are only protected to the extent they align with the biggest boys on the MH block, said Lavin. That would arguably be Warren Buffett, Berkshire Hathaway, and their firms that operate in manufactured housing such as 21st Mortgage or Clayton Homes.

  • fact checks,
  • following the evidence,
  • following the Money,
  • following the performance vs. the words and deeds of MHI and others reveals this to be a logical Occam’s Razor reality.

Manufactured home operation of the small- to mid-range sizes were allowed to struggle, fail, or are acquired in part due to capital constraints. MHI failed them, in favor of a mega-billionaire. Who says? Among others, more MH industry award winners, like retailers Bob Crawford, or Alan Amy.

 

 

Zell warned how limiting capital access was a weakness for the industry, as the exclusive quotes below to MHProNews via the late Howard Walker – then ELS Vice Chairman – reflect.

 

 

MHI’s Former President Said…

MHI’s prior president, Chris Stinebert also warned the industry in a parting published message.  That’s found in a column in the Journal that was arguably a thinly-veiled warning to manufactured housing professionals.  Stinebert’s article could be read as a parting slap at MHI.

Every industry professional in the manufactured housing is directly or indirectly impacted by these factors MHI’s former president noted. Restricting financing limits sales, which harms affordable home ownership.  Note, one need not agree with Stinebert’s suggested cure to his point #4 to realize that he felt that there were problems with lending and capital access that needed to be addressed.

Not long after Stinebert exited MHI, the industry was about to be hit by the 2008 housing/finance meltdown in a way thousands of industry professionals did not anticipate.

 

A Smoking Gun…

Money trails are used by prosecutors and civil attorneys, say legal experts to MHProNews, to demonstrate what could be patterns of behavior. FBI officials have previously told the Daily Business News on MHProNews that a significant number of special agents are versed in accounting and other forms of business and financial expertise.  That’s precisely done so they can spot and find schemes that can be charged in court with various kinds of “white collar” illegal behavior.

Harvard’s Eric Belsky believed circa 2002 that manufactured housing would dominate conventional housing by 2010. Belsky knew about the repossession glut related to Conseco, Greentree or other now defunct MH lenders. Belsky still believed manufactured housing would not only recover, but would dominate.

Had Harvard’s expert been correct, the nation could have saved tens of billions annually. Furthermore, per research outlined on Value Penguin, the U.S. could gain $2 trillion annually in gross domestic product – impact similar to the Trump Administration regulatory roll backs or the 2017 tax cuts – if the affordable housing crisis was properly addressed.  And using manufactured homes, that could be done simply by enforcing existing laws.  No new legislation is needed. No need for years of debate.  Just enforce the law.

 

How did Belsky miss his estimates about the future of manufactured homes?

Because he failed to anticipate that Buffett’s Berkshire Hathaway would buy Clayton Homes in 2003. That same year, Berkshire bought and rolled Oakwood Homes into Clayton, and would create via acquisitions the largest operation in manufactured housing.

Among those units acquired was 21st Mortgage Corp.  But let’s look for the next few moments at the 2008 housing/finance crisis.

During the calamity of the aftermath of 2008, an independent manufactured home producer then told MHProNews what 21st was about to do. But it wasn’t until recently that an actual document – a purported “smoking gun” from 21st’s Tim Williams to independent retailers was actually obtained. The document, shown further below, explained why 21st would only be cutting financing support to non-Clayton Homes manufactured housing carrying independents.

During a crisis, when people are desperately trying to swim for shore, details can often get lost in the fog of panic and pressure.

Thus, some issues only come into focus after a crisis – like the 2008 housing/mortgage meltdown – has come and gone.

When the Urban Institute or others study the manufactured home industry, and they ask why manufactured home sales are at such relatively low ebb, the 21st document, quotes from Buffett, and the videos that follow ought to be among the top exhibits examined.  So how did the Urban Institute – which also gets funded by Buffett, and where he is a life-time trustee – miss all three elements?

When federal officials, investors, and others wonder why manufactured homes haven’t done better, given the affordable housing crisis, these are important starting points for a clear understanding.

And when independent manufactured home retailers are wondering about the future – as which supplier(s) and service providers they should use – an adage ought to be applied.  Namely, that a reasonable predictor of future behavior is past behavior.

21stMortgageCorpLogoLetterheadJan302009TimWilliamsRetailersBrokersCutSpecifiedLendingMonopolisticPloyConcernManufacturedHomeDailyBusinessNewsMHProNews

This document was provided as a news tip to MHProNews. To see the PDF of this document, click here or above.

 

The result was predictable. As a former Clayton manager, Ken Corbin publicly said, some 10,000 independent manufactured home retailers vanished. That bold move reflected by the 21st Mortgage document obviously harmed those independent retailers.  But it also hurt:

  • manufactured home communities, that for years relied upon retailers to sell homes into their communities.
  • independent manufactured home producers, which MHI’s own records reflect – see below – fell in numbers following the impact of the 21st document above, which Tim Williams signed.
  • several independent transport, installation, suppliers and others were lost or absorbed by larger firms, as the consequences mounted.

 

 

What’s often missed is that not long after that letter that Williams claimed 21st regrettably had ‘no choice,’ Kevin Clayton was bragging in the video below that “Warren” told him that they had “plenty of money.”

But perhaps the strongest example of how misleading the 21st document from Tim Williams arguably is comes from quotes from Warren Buffett’s own annual letter. Like the Clayton interview video included in this report, Buffett’s own words make it clear that Berkshire could have continued funding 21st, and thus, the industry’s independents.

Instead, they collectively killed off thousands of independent firms, purportedly by pulling the financing – the access to capital – that ELS’ Zell or Harvard’s Belsky both said are so necessary.

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Why did Belsky miss his predicted date? Because it came before Buffett’s entry into MH? Note that MHI, Tim Williams/21st and Clayton have all been asked to address these concerns.  At no time have they even tried to explain it, though previous to such inquiries they would give prompt replies to this trade media outlet.  How is that to be explained?

 

Quotes from Buffett’s Letter

Our gain in net worth during 2009 was $21.8 billion, which increased the per-share book value of both our Class A and Class B stock by 19.8%. Over the last 45 years (that is, since present management took over) book value has grown from $19 to $84,487, a rate of 20.3% compounded annually,” said Warren Buffett, Chairman of Berkshire Hathaway, in his 2009 annual letter to shareholders.

Here are a few examples of how we apply Charlie’s [Munger, Berkshire Vice-Chairman] thinking at Berkshire: Charlie and I avoid businesses whose futures we can’t evaluate.”

In manufactured housing, that meant that Buffett and Munger had no doubt about the future of the industry. Investors, take note.

When the financial system went into cardiac arrest in September 2008, Berkshire was a supplier of liquidity and capital to the system, not a supplicant. At the very peak of the crisis, we poured $15.5 billion into a business world that could otherwise look only to the federal government for help,” said that same 2009 annual letter.

What did that mean for manufactured housing professionals? Simply this. That the 21st Mortgage Corporation letter to independent retailers includes claims that were at best mistaken, misleading – or even false – assertions.

Berkshire made billions that year. Buffett’s conglomerate lent billions that year, his letter said. Yet, 21st had the chutzpah to claim they couldn’t lend to manufactured housing retailers that didn’t carry Clayton Homes product? 

To better grasp the principles of how and why this was done, one must understand Buffett’s concept of the ‘strategic moat.’  The short video below explains part of it, in Buffett’s own words.

 

 

Lines were arguably crossed, or perhaps the better prose is ‘double crossed.’ While Kevin Clayton smiles in the video that follows, as he says how much Clayton valued independent retailers, what they collectively did to independents fails to match those sweet-sounding words.

 

 

Applying MHI award-winner, Marty Lavin’s mantras, “pay more attention to what people do than to what they say,” and “follow the money.”

That debatable double-cross may be why Zell stays in MHI, to – ala the mantra at top – to “keep your friends close, and your enemies closer.”

 

More from the Oracle of Omaha…

What Buffett Said – Who’s Responsible?

We tend to let our many subsidiaries operate on their own, without our supervising and monitoring them to any degree…Most of our managers, however, use the independence we grant them magnificently, rewarding our confidence by maintaining an owner-oriented attitude that is invaluable and too seldom found in huge organizations,” said Buffett that year.

But it should also be recalled that Buffett preaches about ‘widening the moat.’   See all of the Buffett videos on the key Kevin Clayton videos on the page, linked here, or watch the videos posted on this page.  Clayton talks about ‘widening the moat’ and besting competitors repeatedly in the video. 

Buffett referenced this from his 2008 annual letter, “We are certain, for example, that the economy will be in shambles throughout 2009 – and probably well beyond – but that conclusion does not tell us whether the market will rise or fall.”  He chastised many in media for sensationalism, adding: “Any investors who were misled by the sensationalists paid a big price: The Dow closed the day of the letter at 7,063 and finished the year at 10,428.”

Skipping deeper into that 2009 Buffet annual letter to Berkshire shareholders, we find the section that deals with Clayton Homes, and manufactured housing.  Note that the graphics shown are by MHProNews, but reflect data from Berkshire or others sources, as shown.

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

“Finance and Financial Products

Our largest operation in this sector is Clayton Homes, the country’s leading producer of modular and manufactured homes. Clayton was not always number one: A decade ago the three leading manufacturers were Fleetwood, Champion and Oakwood, which together accounted for 44% of the output of the industry. All have since gone bankrupt. Total industry output, meanwhile, has fallen from 382,000 units in 1999 to 60,000 units in 2009.”

By the way, the industry shipped 372,000+ in 1998 – not 1999. And in 2009, the total shipments were under 50,000 homes  So, that last sentence above by Buffett has two apparent fact errors.

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

From the National Association of Realtors.  There are a growing number of industry voices that believe that BH/CMH and MHI have by various action/inaction has kept manufactured home sales at historically low levels. The evidence is found herein and are also linked from Related Reports, further below.

 

 

The collapse of so many companies in manufactured housing has several causes, including, but not limited to, the image issues fostered by groups like MHAction. 

But cutting off capital – in the form of lending – has to be high on the list, if not on top.  High rents, high conventional housing costs, these are historic reasons for strong performance for manufactured homes. So how could MHI’s president, in the video above, say with a straight face that the industry must accept slow growth?

 

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2011DailyBuisnessNewsMHanufacturedHousingIndustryProNews

 

The market share graphics, based upon various industry reports and sources as shown, tells the tale of how Clayton used ‘the moat‘ of financing and other tools to rapidly increase their market share.  Note that doing so arguably shrank the overall market, as it increased their market share.

 

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2017DailyBuisnessNewsMHanufacturedHousingIndustryProNews

 

 

But because of MHI’s problematic track record, which even their former chairman Nathan Smith (above) and MHI member Frank Rolfe (below) in the videos above and below, the trends shown herein advanced.

 

ClaytonHomesSkylineChampionCavcoIndustriesMarketShareManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews-e1528746976415

FrankRolfeNegativeArticlesOnIndustryNoCommentbyManufacturedHousingInstituteMHIRVHorizonsMobleHomeUniversityPostedDailyBusinessNewsMHProNews-575x132

 

 

Evidence that it isn’t just coincidence or some other mystery is found in the RV Industry’s performance during the past 2 decades. Compare their trends to that of manufactured housing during those same years.

 

RVsshipmentsTrailedMH1998WinnebagoDailyBusinessNewsMHProNews

 

That’s arguably among the reasons why industry voices, such as the Manufactured Housing Association for Regulatory Reform (MHARR) – which focuses on federal production-related issues – has encouraged the industry’s post-production sector to organize a new post-production association.  Because MHI has failed the bulk of the industry for years.

 

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

 

Some in the communities side of the industry have begun to do just that, namely, create a new national MH communities group. And purportedly Berkshire-dominated MHI, not surprisingly, attacked that new communities trade group which publicly explained why they left MHI in the first place.

 

Nathan Smith, SSK Communities, and Manufactured Housing Institute (MHI) Slam New National Manufactured Home Communities Group in Written Statement

 

The industry’s independents have witnessed thousands of firms driven out of business, or that sold out to others for less than their true value. That in turn hurts housing affordability, and thus, the nation.

It was apparently done for the sake of billions of dollars, and to grow Berkshire’s strategic moat in manufactured housing.  It’s demonstrably cost Americans trillions, using the logic of two NBER researchers.

That manufactured housing is a proven solution to the affordable housing crisis – one that is hiding in plain sight – is clear to any open-mind researcher. Manufactured homes have enjoyed political support across the left-right political divide.

 

InfographicMobileManufacturedHomeManufacturedHousingIndustryFactsDataResearchMobileManufacturedHomeLivingNews

 

But “Moat” building Warren Buffett and his minions in MHVille have debatably strangled the industry for years, costing numerous independent businesses millions per location. That monopolistic ploy in turn, for reasons previously linked, has cost Americans trillions in lost GDP.

Is MHAction, MoveOn, et al – and cutting off access to capital, while supporting candidates that support regulations that kill off small businesses – all part of Buffett’s Moat strategy?

 

WarrenBuffettTheMoatQuoteMemeManufacturedHousingIndustryDailyBusinessNEwsMHProNEws

 

The Nation, The Atlantic, GuruFocus, The Seattle Times and others have looked at various aspects of these issues, and on various aspects of the matter, they seem to think so.

But so far, only MHProNews has connected-the-dots across the left-right media divide that linked:

  • Tim Williams/21st “Smoking Gun” Letter,
  • Kevin Clayton video, where Clayton explains how “Warren” uses the Moat, nonprofits and foundations,
  • Buffett’s own annual letter,
  • to the logically avoidable collapse of thousands of manufactured home firms,
  • and now, the way that activist groups such as MHAction has harmed the industry’s image through protests and media coverage.

To date, no one else so far in mainstream media has published the details which are so Machiavellian. Or for those who love gangster movies, it’s a dramatic yet tragic scene that could come out of “The Godfather” series. If Alan Amy in the video above and others in MHVille  are right, Buffett’s lieutenants in MHVille want to “make you an offer that you can’t refuse.”

We’re told by thoughtful attorneys that RICO and antitrust issues are among the concerns they see.

It’s past time for:

  • a law-and-order minded Trump Administration,
  • state attorney generals,
  • private businesses,
  • and specialized civil attorneys,
  • to rise up and stop a corrupt ‘hiding in plain sight’ scheme.

Ending that’s monopolistic “Moat” could revive manufactured homes, and would be part of the affordable housing solutions that would collectively yield to Americans trillions of dollars.

For more details, see the related reports, above and below. “We Provide, You Decide.” © ## (News, Commentary, and analysis.).

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

LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquoteBy L.A. “Tony” Kovach – for MHProNews.com.

Tony is the multiple award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Office 863-213-4090 |Connect on LinkedIn:
http://www.linkedin.com/in/latonykovach

Sign Up Today!EmailedMHProNewsHeadlineNewsDailyBusinessNews

Click here to sign up in 5 seconds for the manufactured home industry’s leading – and still growing – emailed headline news updates.

 

Related References:

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat

Affordable Housing, the Visible, Yet Mysterious Struggle for an Obvious Solution, Case Examples

Realtor University, Journal for the Center of Real Estate Studies, Makes Corrections– “The Market for Manufactured Homes,” by Scholastica ‘Gay’ Cororaton, CBE

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

Bloomberg “New Home for $90,000? Manufactured Housing Is Making a Comeback” Reveals MH Media Challenge

Due Credit, Warren Buffett, Media, and Manufactured Housing’s Historic Achievement

MostMenAppearnNeverConsideredWhatHouseIsNeedlesslyPoorAllTheirLivesHenryDavidThoreauManufacturedHomeLivingNews

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

 

 

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


YIMBY, Amazon backed Plant Prefab Introducing ADUs, Product Video

November 16th, 2018 Comments off

YIMBY-AmazonBackedPlantPrefabINtroducesADUsProductVideoDailyBusinessNewsMHProNews

Treehugger says, “Yes in my back yard” (YIMBY), “Yves Behar and Plant Prefab introduce ADUs.”

 

California recently signed into law the okay for a broader use of Accessory Dwelling Units (ADUs).

The environmental focused publisher, says, “The reason prefabs make so much sense in the A.D.U. context is that the added construction is easy on neighborhoods and neighbors. It can take two, three years to build something, with all the noise and visual pollution. And wasted materials that come with that. But with the YB1, it takes about a month to build it in a factory and a day to install. It comes prewired with all your electrical, HVAC, appliances — everything is ready to go. Prefabs make it so much more accessible for people to add housing stock, and it’s so much cleaner.”

 

PLANTPreFabsAmazonTreehuggerManufacturedModularHomeIndustryDailyBusinessNewsMHProNews

 

That’s an argument that factory-builders know well and embrace.

 

PLANTPreFabsAmazonTreehuggerManufacturedModularHomeIndustryDailyBusinessNewsMHProNewsEXT2

 

Lloyd Alter, writing for Treehugger, said: “…in the comments, the usual objections come up: $480 per sq ft is $200 higher than a conventionally built custom home with nice finishes. Good idea, but it appears there is a high premium for these ADU’s.” Or, “Yet another toy for the rich with no practical basis in reality for the majority of people, and only those who live in the sunbelt and in wealthy enclaves.” Or, “This is beautiful and definitely solving a problem… for people with money. Not sure how it helps homelessness or people with less money.”

Alter then goes through his reasons for rebuffing some of those concerns. For the general public, Alter’s points are okay.

But for modular home builders, or especially for HUD Code manufactured home producers, it misses the tremendous value differential between conventional construction and manufactured housing.

 

Fresh Facts, Figures, Future of Affordable Housing -Comparisons- Conventional Site-Built v Mobile/Manufactured Home Industry Data

 

It is a reminder that California alone could be boom town, for a visionary operation, with or without the support of a savvy trade association.

 

 

It is also a reminder of why MHProNews has lead the factory-built home trade media in tracking how big tech has been nibbling around the edges of factory home building in recent years. See the related reports, linked below.

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

(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:

The “Need For Quality Affordable Housing Has Never Been Greater,” Says LT

 

$300 Billion Market, As Predicted, Jeff Bezos’ Amazon Alexa Fund Dives Deeper into PreFab Homes

 

Billion Dollar Startup Modular Builder, Using Robotics, Could Soon Rival Clayton Homes’ Total Sales

 

Factory-Crafted Home Living, Reimagined – “The Art Park” vs. MHCs – Interview with Robbie Antonio, Founder of Unicorn Revolution Precrafted Homes

 

 

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


CAVCO Stock Slowly Recovering, But More Law Firms Announce CVCO Investigations, Plus MH Market Updates

November 16th, 2018 Comments off

CNNmoney11.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsCavco Industries (CVCO) stock has been slowly recovering from the word last week that the SEC issued a subpoena to the firm in connection with trading by now ex-Chairman and CEO, Joseph Stegmayer. 2 law firms subsequently announced investigations.  Now, 2 more law firms are diving in.  That will be our featured focus this evening, found after our recap data, further below.

 

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.

 

Select bullets from CNN Money…

  • Firm that worked for Facebook tried to plant story alleging liberal bias at Apple News
  • US box office is on track for a record-breaking year
  • Toyota is using Microsoft’s HoloLens to build cars faster
  • Judge orders White House to return Jim Acosta’s press pass
  • Volkswagen to spend $50 billion on electric car ‘offensive’
  • Nordstrom shares slide over credit card screw-up
  • PG&E unlikely to go bankrupt because of wildfires
  • ‘Crypto hangover’: Nvidia’s stock plunges nearly 17%
  • ANALYSIS The trade war is pushing business out of China, but not into America
  • World’s most popular car gets redesigned
  • GE raises $1.5 billion as pressure mounts to fix balance sheet
  • Signage is displayed on the Sears, Roebuck
  • That’s how much bankrupt Sears wants to give executives in bonuses
  • Judge approves Sears’ plan to auction off about 500 stores
  • Sears should close for good, creditors say
  • How Sears wasted $6 billion that could have kept it out of bankruptcy
  • JCPenney could be in danger of following Sears into bankruptcy
  • How narcissistic CEOs put companies at risk
  • Talking politics at work? Here are some tips
  • The argument against having close friends at work
  • The hidden power of employee resource groups
  • PERSPECTIVES 3 things businesses can do to win the climate change fight
  • These companies are leading the fight against climate change
  • Drought woes? This tech can literally make it rain
  • This floating pipe is trying to clean up all the plastic in the ocean

Select Bullets from Fox Business

  • Jeff Bezos to employees: ‘Amazon will fail,’ we need to delay it
  • Google replaces CEO of cloud unit with former Oracle exec
  • Recapping the Dow’s four-day, 700-point dip
  • What to know about the Navy’s new Lockheed Martin warship
  • Record Mega Millions haul unclaimed: Where the prize money could go
  • Best and worst airports in the US
  • US manufacturing worker crisis to get much worse, study shows
  • US economy will hit snag in 2019: Dallas Fed’s Kaplan
  • Elizabeth Warren: Leveraged lending is US economy’s ‘ticking time bomb’
  • Job hunting? These 10 US cities have the best opportunities
  • Pfizer to hike prices of 41 prescription drugs next year
  • The Never Nancy movement is gaining legs: Kennedy
  • Foxconn bests Amazon in incentives for fewer, lower-paying jobs
  • Beyoncé cuts ties with Topshop chief amid sexual allegations
  • Amazon’s NYC headquarters will displace 1,000 public school employees
  • Social Security’s ultimate insult
  • Hockney’s pool painting sells for record $90M
  • FAO Schwarz makes a big comeback three years after it closed
  • PG&E shares post big rebound after massive tumble
  • Wounded veteran rebuilds life starting a fudge business
  • Is a ‘hard’ Brexit the best deal for the UK?
  • Oil rises on expected supply cuts, though US output still surges
  • S. output has surged by almost a quarter since the start of the year.
  • Trump tax cuts won’t spare Americans higher taxes over time: Report
  • Facebook CEO Mark Zuckerberg having a ‘high noon’ moment: Varney
  • California PG&E wildfire victims susceptible to financial sucker punch: Judge Napolitano
  • Maxine Waters threatening banks is a lot of noise, no serious action: Varney
  • Want $10,000? This Oklahoma city will pay you to relocate
  • Medicaid spending accelerates as states spend more than $2T
  • NFL’s Cleveland Browns could hire female head coach, executive says

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

9MarketIndicatorsYahooFinance11.16.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.16.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

CavcoIndustriesLogoCVCOLogoManufacturedModularHousingLegalSECInvestigationsDailyBusinessNewsMHProNews

Our 3 prior Daily Business News on MHProNews reports about the Cavco Industries swirling controversies can be found linked below.   They are linked in the order published.

Cavco Chairman Joseph H. Stegmayer Steps Down Under SEC Cloud, “Personal, Confidential” SEC Document, Cavco Industries’ Statement

With those a backdrop, two more specialized firms have announced their own legal investigations.

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

GlancyProngay&MurrayLLPAttorneyAtLawCAVCOIndustriesCVCODailyBusinessNewsMHProNews

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Cavco Industries, Inc. (“Cavco” or the “Company”) (NASDAQ: CVCO) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On November 8, 2018, Cavco revealed that it had received a subpoena from the SEC’s Division of Enforcement on August 20, 2018, requesting certain documents relating to trading in the stock of a public company, and that then-Chief Executive Officer Joseph Stegmayer had received a subpoena regarding similar issues on October 1, 2018.

Cavco stated: “At this time, the Company believes that Mr. Stegmayer traded in certain publicly traded stock in his personal accounts as well as in accounts held by Cavco at a time when the Company had agreed to refrain from such trading. The Company intends to cooperate fully with the SEC’s investigation. Effective November 8, 2018, Mr. Stegmayer stepped down from his position as Chairman, President and Chief Executive Officer of the Company after an internal investigation, conducted by independent legal counsel to the Audit Committee of the Board of Directors, identified certain violations of Company policy related to securities trading activities conducted by Mr. Stegmayer.”

On this news, Cavco’s share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018, on unusually heavy trading volume.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased Cavco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

###

LawOfficesofHowardGSmithCVCODailyBusinessNewsMHProNews

 

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Cavco Industries, Inc. Investors (CVCO)

 

BENSALEM, PA.– Law Offices of Howard G. Smith announces an investigation on behalf of Cavco Industries, Inc. (“Cavco” or the “Company”) (NASDAQ: CVCO) investors concerning the Company and its officers’ possible violations of federal securities laws.

On November 8, 2018, Cavco revealed that it had received a subpoena from the SEC’s Division of Enforcement on August 20, 2018, requesting certain documents relating to trading in the stock of a public company, and that then-Chief Executive Officer Joseph Stegmayer had received a subpoena regarding similar issues on October 1, 2018.

Cavco stated: “At this time, the Company believes that Mr. Stegmayer traded in certain publicly traded stock in his personal accounts as well as in accounts held by Cavco at a time when the Company had agreed to refrain from such trading. The Company intends to cooperate fully with the SEC’s investigation. Effective November 8, 2018, Mr. Stegmayer stepped down from his position as Chairman, President and Chief Executive Officer of the Company after an internal investigation, conducted by independent legal counsel to the Audit Committee of the Board of Directors, identified certain violations of Company policy related to securities trading activities conducted by Mr. Stegmayer.”

On this news, Cavco’s share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018, on unusually heavy trading volume.

If you purchased Cavco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

###

 

As noted in the caption in our graphic above, MHProNews is not taking a position on this still emerging controversy. Rather, we are providing a sense of the visible activities that may provide industry professionals and investors some clues about what a Cavco insider called a “debacle.” See our related reports, linked above and below.

Cavco Shareholder Suits Prepping, CVCO, SEC, Insider Responses to Growing Scandal

 

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).

11.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

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


Latest on the FHA, New Federal Report to Congress, Insider Insight

November 16th, 2018 Comments off

 

LatestonFHANewFederalReportcongressInsiderInsightDailyBusinessNewsMHproNews

FHA is in good hands, guarding against excessive risks, protecting the American taxpayer, and remaining true to our core mission to facilitate safe and affordable mortgage options for qualified borrowers.”

– HUD Secretary Ben Carson, M.D.

 

As we look to the future, FHA must continue to seek the right balance between facilitating access to mortgage credit and managing risk.”

–      FHA Commissioner Brian Montgomery.

 

As hundreds, perhaps thousands, of manufactured home professionals know, manufactured housing qualifies for various kinds of Federal Housing Administration (FHA) lending.

So, today’s report from HUD and the FHA program they control to Congress is of general interest.

The Daily Business News on MHProNews reached out to a manager in the manufactured home lending community to get some insights on aspects of what follows.

Here’s what that veteran of FHA lending, from a firm that does both forward and ‘reverse’ loans, said via a message to MHProNews.

 

As for the business, the current quality of this post-Sept 2015 block of business is insanely awesome.  Tony Soprano couldn’t make this much $$.  The ills of the HECM business stem from the 05-2010 block of business combined with HUD incompetence in REO disposition.  Once we get out of that (as we will in a few years) the business is extremely profitable.

That said, there is a shift to more private business (about 10-20% of overall production in 2019) that will continue as FHA keeps tinkering with the product.”

With that backdrop, let’s dive into today’s formal statement from HUD to MHProNews.

 

HUD-FHA-11-15-2018AnnualReporttCongressDailyBusinessNewsMHProNews

FHA RELEASES 2018 ANNUAL REPORT TO CONGRESS

Capital Reserves remain above statutory minimum for fourth straight year

WASHINGTON – The Federal Housing Administration (FHA) today released its 2018 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund).  FHA reports that at the end of Fiscal Year (FY) 2018, the MMI Fund had a total Economic Net Worth of $34.8 billion and a Capital Reserve Ratio that remains above the statutory minimum for a fourth consecutive year.

The MMI Fund supports FHA’s single-family mortgage insurance programs, including all forward mortgage purchase and refinance transactions, as well as mortgages insured under the Home Equity Conversion Mortgage (HECM), or reverse mortgage program.  While the value of FHA’s forward mortgage portfolio is growing, the latest independent actuarial report finds the value of the agency’s reverse mortgage portfolio continues to decline, representing a continuing economic drain on the MMI Fund from books of business in 2018 and earlier.

“The financial health of FHA’s single-family insurance fund is sound,” said U.S. Housing and Urban Development Secretary Ben Carson.  “FHA is in good hands, guarding against excessive risks, protecting the American taxpayer, and remaining true to our core mission to facilitate safe and affordable mortgage options for qualified borrowers.”

FHA Commissioner Brian Montgomery added, “As we look to the future, FHA must continue to seek the right balance between facilitating access to mortgage credit and managing risk.  Our number one mission is to make certain FHA remains a stable and reliable resource for first-time and minority homebuyers, and other underserved borrowers.”

This year’s report continues to offer greater transparency, consistency and accountability in the economic fundamentals of the MMI Fund.  For the second consecutive year, FHA is providing separate stand-alone capital ratios for its forward and reverse mortgage portfolios to better assess the impact of each on the MMI Fund. For a second year, the report also includes stress-testing of the portfolio based on historical scenarios.

FHA’s 2018 Annual Report also includes important technical revisions to last year’s report that reflect adjustments to the MMI Fund’s Capital Ratio and Economic Net Worth for FY 2017.

 

KEY HIGHLIGHTS FROM FHA’S 2018 ANNUAL REPORT

The MMI Fund’s FY 2018 Capital Ratio is 2.76 percent, a 0.58 percentage point increase over the restated FY 2017 Capital Ratio of 2.18 percent. This is the fourth consecutive year this ratio exceeded the statutory minimum of 2.00 percent.

The MMI Fund’s overall Economic Net Worth for FY 2018 is $34.86 billion, an increase of over 8 billion from FY 2017.  Economic Net Worth is comprised of Total Capital Resources of $49.24 billion and a negative Cash Flow NPV of -$14.38 billion.

FHA’s cumulative Insurance-in-Force (IIF) reached $1.26 trillion of Unpaid Principal Balance (UPB) at the end of FY 2018, largely unchanged from FY 2017.

FHA endorsed over one million forward mortgages in FY 2018 (including 776,284 purchase loans) totaling $209 billion in UPB.

First-time homebuyers accounted for 641,921 or 82.7 percent of all FHA forward purchase loans.

Minority homebuyers accounted for 33.8 percent of all FHA forward purchase loans.

The average loan amount of FHA-insured forward mortgages was $206,041.

The average borrower’s credit score was 670 compared to 676 in FY 2017.

 

 

FHA’S HISTORICAL CAPITAL RESERVE RATIO

FHA maintains reserves to cover both future claims, as well as an additional statutorily required capital cushion of 2.0 percent of all Insurance-in-Force (IFF).  This ‘Capital Ratio’ is calculated by dividing the Fund’s Economic Net Worth ($34.8 billion in FY 2018) by total IFF of $1.26 trillion.  As noted above, the FY 2018 Capital Ratio of the Fund is 2.76 percent, an increase from the end of FY 2017.

 

MMI Fund Capital Ratios: FY 2013 – FY 2018

This year’s Annual Report includes an examination of loan performance of FHA-insured homeowners impacted by last year’s devastating hurricanes, analyzing the serious delinquency rate and early payment defaults among borrowers in Texas, Florida, Puerto Rico and the U.S. Virgin Islands impacted by Hurricanes Harvey, Irma and Maria.

MMIFHAFundsHUD2018AnnualReportDailyBusinessNewsMHProNews

 

HECM HIGHLIGHTS

FHA’s HECM, or reverse mortgage, program continues to serve eligible seniors, 62 years and older, with a financing option that can help them remain in their home and age in place.  Like last year, the 2018 Annual Report includes separate, stand-alone estimates of the capital resources and capital ratios for insured forward mortgages and HECMs.

The fiscal condition of FHA’s forward mortgage portfolio is materially better than the HECM portfolio.  Excluding HECMs, FHA’s FY 2018 forward mortgages have a capital ratio of 3.93 percent and a positive Economic Net Worth of $46.8 billion. By contrast, the 2018 HECM portfolio has a negative capital ratio of 18.83 percent and a negative economic net worth of $13.63 billion.

In 2017, FHA implemented a set of changes to mortgage insurance premiums and Principal Limit Factors (PLFs) and followed in FY 2018 with changes to appraisal requirements. The impact of these changes on new HECM endorsements, and the ongoing performance of the outstanding HECM portfolio, will continue to be closely monitored and managed by FHA.

 

The 2018 Annual Report finds:

HECM endorsements declined 12.6 percent since last year, with 48,327 new mortgages endorsed.

Total Capital Resources in the HECM portfolio totaled $2.11 billion for FY 2018, which was offset by a negative $15.75 billion in Cash Flow Net Present Value.

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.

###

Will the powers that be in MHVille use the overall positive report to press for reform of the 10-10 rule, and get more manufactured home personal-property lending?  That’s MH “Industry News, Tips, and Views Pros Can Use,” where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(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:

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

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