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Key Clayton/MHI/BO Bets Spanked, First Look at Winners & Losers

November 7th, 2018 No comments

 

KeyClaytonMHIBOBetsSpankedFirstLookAtWinnersLoser2018MidtermsDailyBusinessNewsMHProNews

There’s work to do.

 

There are still undecided midterm races.  Some may be headed to possible recounts, or an upcoming special election.

First, we will look at the facts, then we will take a glance at what this could mean for manufactured housing (MH) and the industry’s investors.

 

HouseOfRep2018MidtermsABCGoDailyBusinessNEwsMHproNews

While details are still outstanding, the broad brushes are now known.

  • Democrats picked up enough seats to take control of the U.S. House of Representatives, but not as many as the GOP waves during the Clinton or Obama administration midterms.
  • The Republicans or GOP (Grand Old Party) have increased their hold on the U.S. Senate.
  • Democrats won some hard fought gubernatorial races, and will have a net gain in state houses, but Dems also lost some high-profile states.

It’s a mixed bag, with plenty of data to unpack for weeks or even months by political experts and analysts.

Some interesting and troubling factoids include, but are not limited to:

  • Former president Barack Obama campaigned in places like Florida, Indiana, Ohio, Georgia, Nevada, California, Illinois, and Pennsylvania.
  • The Netflix-contract beneficiaries -Barack and Michelle Obama’s will earn millions from Netflix millions for years – had results that were decidedly mixed.

Mr. Obama campaigned for Democrats like:

  • Mayor Andrew Gillum, who conceded his race to now Governor-Elect, Ron DeSantis.
  • Stacey Abrams, in Georgia – a higher volume MH state – had stars like Oprah Winfrey came for her too. Abrams has yet to concede the gubernatorial race as this is being written, but trails.
  • Former CFPB director Richard Cordray went down in Ohio to a relative unknown POTUS Trump backed Republican for the governor to replace never-Trump Kasich.
  • Former president Obama embraced Senator Joe Donnelly (IN-D), who lost to relative unknown Mike Braun, who was strongly backed by President Donald J. Trump.
  • Bottom line, in several battle ground (tossup) states, key candidates the 44th president campaigned for, lost. In some states that are strongly Democratic, or are tilting more blue, candidates Mr. Obama backed won.
  • It has to be said that some of Mr. Obama’s campaign events were small to tiny compared to those of President Trump. That has to be a point of concern for Democratic strategists, and by contrast is a bright spot for POTUS Trump, who is his party’s single biggest draw.
  • Some polling was clearly off, while others performed better.

President Donald J. Trump expanded his lead by several seats in the Senate.  These were also other victories in key states he personally campaigned in.

USSenate2018MidtermsABCGoDailyBusinessNEwsMHproNews

For example, in Florida, Ron DeSantis is the Governor-elect there. In the primaries, POTUS Trump backed DeSantis over popular Adam Putnam. That bet paid off.

In states like Indiana, Missouri, North Dakota, Tennessee and Texas, GOP candidates that faced huge fundraising disadvantages that Democratic billionaires wanted, the D’s fell short.  That includes Beto O’Rourke (D) in Texas, which was highlighted for months by the left-of-center media. O’Rourke could still end up as part of a packed field for 2020 among Democratic presidential hopefuls.

GovernorsRaces2018MidtermsABCGoDailyBusinessNEwsMHproNews

By the way, the political race across the board for 2020 is underway.

 

Spanked! Clayton/Buffett/MHI/Billionaires Beaten in Other Key Races

The Clayton-MHI and Buffett-Billionaire Democratic donor class bet on unseating:

  • Andy Barr in KY 6, they lost in a race that President Donald Trump personally campaigned for in the midterm run-up.
  • Now Senator-Elect Marsha Blackburn, who was opposed by the Claytons, even though she and Barr had both carried water for them and MHI in Congress for Preserving Access to Manufactured Housing.
  • Joe Donnelly (IN-D), who was a long-time beneficiary of MHI and their allies largess.

There are several candidates that MHI backed candidates, like Secretary Hillary Clinton’s VP, Tim Kaine, that won. But he won in a reliably blue district.

Perhaps among the more important reveals in this past few months, thanks to MHProNews fact-checks and “Follow the Money” Research is this. MHI, the Clayton’s, Warren Buffett and his fellow Democratic billionaires have been exposed for their arguably duplicitous behavior.

Was Manufactured Housing Advocate Congressman Andy Barr Backstabbed?

 

For examples, see the links above and below.

 

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

 

Keep in mind, ex-and current MHI members or former Clayton team members have said to MHProNews that this kind of behavior isn’t just reserved for politics.  As but one example, ICYMI or need a refresher, is the example below.

 

Expose! Why Has Warren Buffett/BH Funded Anti-MHC Activists, MHAction? Why Fund Attacks on ELS, Frank Rolfe, Blackstone Group?

 

Some Other Midterm Issues of Interest to MHVille

Some ballot propositions that bear some closer looks for the future are:

  • Prop 10 in California goes down.
  • Prop 4 in FL giving former felons the vote passed.

Another interesting factoid is this. In West Virginia, Joe Manchin (D) vote for Brett Kavanaugh for the Supreme Court, and held his seat. Several battleground state Democrats in the Senate who voted against Kavanaugh, lost.

Representative Mia Love, a conservative Black Republican in conservative stronghold Utah is undecided.  She trails her Democratic challenger, Ben McAdams, that may take days to sort out, per the Salt Lake City Tribune.

Another wildcard?  Mitt Romney, who blasted President Trump during the 2016 campaign, publicly made up as he was considered for Secretary of State by then President-Elect Trump won his race in UT.  Will he be the next John McCain/Jeff Flake Republican? Time will tell.

An estimated 113 million voted, per ABC News.  But only some 13 percent of 18 to 39 year olds voted. That often-played card – that the youth vote would pour out this time – was once more elusive, a drag more on the Democrats who court that block.

We surfed between Fox, CNN, and MSNBC last night.  CNN talking heads, for example, admitted that this was not a “blue wave,” though they were clearly thrilled at the victories in the House.

There were states where far left candidates won, like Vermont or Maryland, but so did GOP gubernatorial candidates in those same states. Interesting? You bet.

 

Overall, It’s a Mixed Bag, With Possible Silver Linings

What is certain is that the Team Trump, with far fewer dollars than the Democrats, stopped those who claimed that the Senate would be lost, where the GOP picked up seats.  From the perspective of the Oval Office, if you must have a divided Congress, holding the Senate was the more important win for the Trump Agenda.  POTUS Trump can now more easily get his nominees for the courts and his cabinet.

An underreported point among almost all media is that several of the Democrats positioned themselves as moderates, or even embracing some of the Trump agenda. That’s arguably a ruse, but it worked for some candidates, while it failed for others.  For example, outgoing Senator Claire McCaskill (MO-D) literally called some of her fellow candidates “those crazy Democrats,” while saying she would support the president on border issues.

It ended up pretty-close to what MHProNews projected, with the GOP Senate lead expanding.  It appears as of this time that 9 of the 11 candidates that President Trump campaigned for in the last week before the midterms saw the GOP candidate win. That’s a history-bucking trend.

 

Lee Carter’s Insights 

We will look in the days ahead at Lee Carter’s insights on the how differently Democrats, Republicans and Independents can “hear” exactly the same thing.  This played a role in the midterms, indeed, in every election for some years.

But it is also an insight for manufactured housing professionals.  Those are among the reasons we will look at that, because it one of the keys to better understanding how more votes – and more customers – can be obtained.

Enough for now to say that messages have to be crafted that break-through the noise that opposition or years of misinformation.

 

Wins and Losses, Lessons and Initial Look Ahead

Each side has interesting or troubling victories and losses. Some quick takes are as follows, each of which has significant meaning for manufactured housing industry professionals. We’ll bullet these for now.

 

  • Education can work. Those who followed the Trump Rallies should know they were informative for those who attended and tuned in. He also kept them interesting, often using humor, and kept the crowds engaged.
  • Track records are helpful, but are sadly not bullet proof.
  • President Trump does have coattails, but there are limits.
  • The lack of full unity among the GOP cost some seats that may have been won or held. While there are exceptions, some losses in Congress were by lukewarm Trump supporters.  For example, it is questionable if Ted Cruz would have won absent the 45th President’s support.  Why in still red Texas?  One read is that Cruz’s track record with POTUS Trump was problematic.
  • Money, deception, lies, and propaganda can work, but they are not omnipotent. This bullet deserves several stars by it.
  • That facts and education can still defeat propaganda and money, and are hopeful signs.

 

What MHProNews spotlighted for months was that freebies still hold appeal to tens of millions of voters. Some openly socialist candidates won, while others lost.  Some who backed single-payer healthcare or what some dub “Medicare for all” – socialized medicine – worked often enough for Democrats to expect that to continue to be a theme for their party.

 

Thomas Sowell, Ph.D. Economist, Thinker,

Collage credit, Wikipedia and MHProNews.com.

 

Education has to be ongoing. Otherwise, endless propaganda, billionaires and big money can win out.  Another takeaway was the relevance of the related report, linked further below.

 

 

The Upcoming Lame Duck Session?

What will be something important to watch is what happens in the lame duck session, before the new Congress is seated.  Can President Trump get any legislation he wants through during the next few weeks?  While recent history would suggest that is a challenge, the president is a fighter. Stay tuned.

 

 

What Lies Ahead for America, and MHVille?

As this is being written, markets are up.  A split Congress means that Democrats can’t impeach the president, thought several of their candidates promised to make his life miserable for the next two years. Hearings of all kinds could follow in the House.  Will it slow or stop the America First agenda?

Will there be any bipartisanship on issues like infrastructure?

What will happen on hot topics like the FHFA and the GSEs? This is an issue that will impact MHVille, see the related report, linked below.

 

Conflict of Interests? MHI’s, MHARR’s Most Recent Statements on Controversial GSE Lending, House Financial Services Committee Chairman Weighs In

 

There are several items we will be unpacking in the days ahead.  For example, it is an open question as to the impact of hundreds of billions of investing dollars that were flowing into the U.S. this year as a result of the Trump tax cuts and regulation agenda.  Democrats can’t undo that agenda, those laws are in place and are, for now, safe.  But are they threatened in the foreseeable future?

Markets and investors will be sorting that out, as they look at the tea-leaves.

The Trump-Republican economic platform has been performing.  That message didn’t entirely break through. And therein lies a challenge for manufactured housing and the nation.

The rule of law was essentially on the ballot. The rule of law, arguably benefits our industry, while a lack of it harms it. Socialist ideals, picking and choosing which laws and private property rights are enforced all matter to MHVille professionals.

It is also misinformation that lies at the heart of several of the victories for Democrats. It is misinformation, Capital/lending manipulation, and failure to enforce existing laws that have harmed manufactured housing.

POTUS’ tweets post-election are a riot.  For those who lack a sense of humor, don’t bother looking, but he’s clearly just begun to fight.

We put our boots back on this morning, because the split-decision lays a potential framework for future victories.

We’ll examine some note of those opportunities for the industry, as we continue to unpack this midterm in the days ahead. Of course, that will come along with our continuing industry-leading coverage of other  issues and news that impact manufactured housing.

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

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

LATonyKovachGoodBipartisanshipShouldalwaysBepredicatedBenefitallhonestindustrymembersnotslectfewquote

The comment above was said with respect to another recent topic, but relates to this issue too.

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

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Following Facts, Money – Sam Zell, Warren Buffett, Tim Williams/21st Mortgage, and Manufactured Housing

 

 

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Conflict of Interests? MHI’s, MHARR’s Most Recent Statements on Controversial GSE Lending, House Financial Services Committee Chairman Weighs In

November 7th, 2018 No comments

 

ConflictInterestMHIlogoMHARRlogoManufacturedHousingDutyToServeGSEsDailyBusinessNewsMHproNews

Facts are nettlesome things.

 

Fact-checks and comparisons of behavior are useful for intelligent, inquiring professional and investor minds.  It is arguably crucial for the majority of manufactured housing independents, in all sectors of the industry.

 

The Backdrop

On January 2nd, current House Financial Services Committee Chairman Jeb Hensarling issued a statement, found further below in its entirety, on the topic of the Government Sponsored Enterprises (GSEs).

The Daily Business News on MHProNews wanted to see how the two major national association’s responded to this release.  On Nov 5th, Manufactured Housing Institute (MHI) issued a ‘Housing Alert’ to their members. On November 6th, Manufactured Housing Association for Regulatory Reform (MHARR) issued their statement.

With those two statement now available from the Arlington, VA based Manufactured Housing Institute (MHI) and the Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR) now known, each of them will be shared below, so MHProNews readers can examine them in their entirety.

MHARR’s full statement, published yesterday, is shown below.

MHI’s full statement?  There wasn’t one, even though their housing alert went out 3 days after Chairman Hensarling’s press release.

On financing – a critical issue to thousands of manufactured housing industry professionals, why didn’t MHI weigh in?  MHI’s topic from January 5, is shown in the screen capture below, and failed to mention this press release from Chairman Hensarling. What the MHI release did was pat themselves on the back for more emails received on a comments. But what did MHI and their emails actually accomplish? Why didn’t they mention this press release from Chairman Hensarling?

 

MonopolisticHousingInstituteLogoManufacturedHousingInstituteLogoMHIDailyBusinessNewsMHProNews

 

For long-time MHProNews readers, isn’t the MHI pattern becoming clear? They posture doing something, send in nice sounding words, but what do they actually accomplish on behalf of the majority of the industry?

 

Conflicts of Interest?

There are a growing number of indicators that members of MHI and their state association affiliates are beginning to see just how conflicted they are between their claims of representing “all” of manufactured housing, when in fact they purportedly perform in ways that are demonstrably in favor of their Berkshire Hathaway owned companies.

When polling manufactured housing industry professionals – retailers, communities, producers, others – live in public gatherings by a show of hands, financing is routinely one of their top interests and concerns.

A decade after Congress passed the Duty to Serve (DTS) Manufactured Housing, as part of the Housing and Economic Recovery Act of 2008 (HERA), MHI admits that the GSEs are still doing zero chattel loans. What has their hand-wringing and public posturing actually accomplished?

What MHI hasn’t admitted is what MHProNews reported. Namely, that MHI’s past chairman arguably worked against the GSEs getting into the market at all.  ICYMI, see related reports, further below.

Further, as MHProNews has exclusively reported, both of the GSEs are paying MHI.  What precisely are they paying for?  To NOT lend money on chattel loans?

 

2018-10-03_1018ManufacturedHousingInstituteHILogoCavcoFleetwoodPalmHarborFannieMaeFreddieMacLogoDailyBusinessNEwsMHProNEws

Marty Lavin advises, “Follow the Money” and “Pay More Attention to What People Do Than What They Say.” The GSEs are praising manufactured home quality, but then created a so-called special class of manufactured homes, with key MHI member input, that is aimed at funneling that lending, per informed sources.

 

MHARR’s statement is found below.  That MHARR statement will be followed by the statement from FSC Chairman Hensarling.  Note that this article was drafted before the outcome of the midterms was known.  An initial analysis will follow later on Wednesday.

 

FinancialServicesCommitteePressReleaseImmediateReleaseDailyBusinessNewsMHProNews

Some of these issues would NEVER come to the attention of manufactured housing industry professionals, save for commentary from MHARR and/or from MHProNews. That’s just a fact, that MHI will undoubtedly not dispute, because they honestly can’t.

Hensarling: The GSE model is a failure,
and it is time for it to end

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on Government-Sponsored Enterprise’s (GSE’s) third-quarter reports:

“It’s a continued danger to mistake quarterly reports of dividends paid by Fannie Mae and Freddie Mac to Treasury for good news.  In reality, the GSEs, and the more than $5.3 trillion in combined financial liabilities they currently hold, pose a greater systemic risk to our entire economy today than at any point since the financial crisis a decade ago.

“Because Congress has failed to enact reform, taxpayers remain on the hook for every penny of those liabilities, both explicitly and implicitly, when the next housing crisis comes.  Meanwhile, the GSEs, which operate only because of their government charters and access to hundreds of billions of dollars of U.S. Treasury backing, continue to grow bigger, riskier, and more unsustainable, accounting for nearly half of all mortgages securitized this year alone.

“Fannie and Freddie apologists want you to believe they’ve learned their lesson, and it’s safe to let them go back to their old, pre-crisis market monopolies.  Do not be fooled: the GSE model is a failure, and it is time for it to end.  Congress must enact meaningful housing finance reform legislation that protects taxpayers, encourages greater private sector participation, and once and for all ends repeals the GSEs’ government charters.”

###

ManufacturedHousingAssocRegulatoryReformMHARRLogoPreservingTheDreamOfAffordableHousingTGhroughRegulatoryReformDailyBusinessNewsMHproNEws

 

NOVEMBER 6, 2018

  

TO:                 HUD CODE INDUSTRY RETAILERS, COMMUNITIES, DEVELOPERS

                        AND FINANCE COMPANIES

 

FROM:           MHARR

 

RE:                 FINANCIAL SERVICES CHAIRMAN CALLS FOR END OF GSEs

 

Rep. Jeb Hensarling (R-TX), retiring Chairman of the House Financial Services Committee, has called for an end to the two Government Sponsored Enterprises (GSEs) – Fannie Mae and Freddie Mac – and the repeal of their federal government charters.

In a Press Release (copy attached) issued on November 2, 2018, the Chairman of the House Committee with oversight responsibility for the GSEs’ federal regulator – the Federal Housing Finance Agency (FHFA) – and, by extension, the GSEs themselves, called the “GSE model a failure,” and asserted that “it is time for it to [be] end[ed]” through “meaningful housing finance reform legislation that protects taxpayers, encourages greater private sector participation, and once and for all … repeals the GSEs’ government charters.”

Perhaps nowhere else has the GSEs’ failure to comply with their respective charters — and their failure to serve the lower and moderate-income homebuyers that they were specifically created to help – had a more profoundly negative impact than in the manufactured housing market and, most especially, the 80% of the manufactured housing market comprised of personal property, or “chattel” loans.

Even in the face of an express statutory directive from Congress to finally begin serving the manufactured housing market, including the chattel loans relied upon to finance the industry’s most affordable homes (i.e., the “Duty to Serve Underserved Markets” mandate of the Housing and Economic Recovery Act of 2008), the GSEs – which for decades have refused to provide securitization or secondary market support for manufactured housing loans – have remained defiant and non-compliant, refusing to provide any level of market-significant support for the vast bulk of manufactured home chattel loans. The resulting harm to lower and moderate-income American homebuyers, in the form of either total exclusion from the housing market or higher interest rates than would be the case otherwise, is indefensible and should be unacceptable to the industry, Congress and FHFA.  Moreover, these extreme negative impacts have been facilitated and exacerbated by the absence of independent, national representation for the industry’s post-production sector in the nation’s capital to aggressively address this matter, not only with FHFA and the GSEs, but with Congress and the Administration as well.

 Accordingly, regardless of whether the House of Representatives, following today’s election, is controlled by Democrats or Republicans, the underlying failure of the GSEs and the “GSE model” has been exposed, and the GSEs’ continuing failure to properly serve the manufactured housing chattel market – despite the DTS mandate — will be a major issue going forward, potentially providing the industry’s post-production sector with a second chance to ensure that securitization and secondary market support for manufactured housing and manufactured home chattel loans are provided by the GSEs on a market-significant basis.

This issue will be discussed in more detail at MHARR’s upcoming Board of Directors meeting.   

Manufactured Housing Association for Regulatory Reform (MHARR)

1331 Pennsylvania Ave N.W., Suite 512
Washington D.C. 20004
Phone: 202/783-4087
Fax: 202/783-4075
Email: MHARRDG@AOL.COM

###

MHECMHARRMHIWeProvideYouDecideMostAssociationMembersGoodHonorablePeople

MHProNews’ leadership attempted to bridge the gap between MHI, and MHARR. Why was the resistance on the MHI side? The record reflects that MHI, before we began to vigorously fact check their statements, pulled their published statements from MHProNews, why?

Once more, as was true for our first article today, this report is being drafted prior to the outcome of the midterms.  Polls are still open at 6:26 PM ET.  Our initial post-midterm flash-analysis will follow later Wednesday, 11.7.2018. That’s manufactured housing “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.

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

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

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

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

 

 

 

Related Reports:

FHFA Comments on Duty to Serve Manufactured Home Lending due by Midnight Tonight, with MHProNews Regulatory Comments

 

Chairman Hensarling, Fannie Mae’s Latest “Backdoor Schemes,” Illegalities? MH Connections, Implications

 

While GSEs Play Footsy with MHI, Congressional Leadership Demands Answers on FHFA

 

MHARR Exposes GSES’ Failure On Chattel Financing Before Congress

 

Loan Zone Manufactured Home Buyers, Sellers – CU Insight on Fannie, Freddie and Duty to Serve Manufactured Housing Industry

 

Duty To Serve, “Complete Waste of Time” per Tim Williams, CEO/21st Mortgage; POTUS Trump, Warren Buffett Insight$

 

MHI Lender Shakes Up DTS and MLO Rule Discussions

 

 

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


Another Top Manufactured Home State is Sliding on New HUD Code Home Shipments, More New Data

November 7th, 2018 No comments

 

AnotherTopManufacturedHomeStateSlidingNewHUDCodeHomeShipmentsMoreNewDataDailyBusinessNewsMHProNEws

Doctor’s don’t serve their patient if they ignore troubling test results or health symptoms.  A good physician candidly shares the good, the bad, and the problematic honestly with their patients.

 

An analogous principle from medicine holds true for good trade media.

While big companies have several resources available to them to inform them of trends, and allows them to prepare, smaller to mid-sized companies often don’t have that same luxury.

 

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

 

ManufacturedHousingAssociationOklahomaMHAOManufacturedHomeDailyBusinessNewsMHproNews

Data forwarded from a Manufactured Housing Association of Oklahoma (MHAO) member for analysis and commentary.

 

According to data provided by a source that is a member of the Manufactured Housing Association of Oklahoma (MHAO), two states in their region are down year-over-year.

One of those states is Louisiana.  According to data compiled by the independent HUD Code home producers trade group – the Manufactured Housing Association for Regulatory Reform (MHARR) – Louisiana has been the number 2 state in recent years.

 

 

MHARRAugust2018ManufacturedHousingProductionReportTop10StatesDailyBusinessNewsMHProNews

Louisiana is the number 2 state in HUD Code manufactured home shipments for the past 7 years. For that state to be sliding, in addition to others in the U.S., is a significant development.

 

Yesterday, the Daily Business News on MHProNews once more led national manufactured housing trade media in reporting that another top 10 state is sliding, as are several other states.

 

New Shipment Data, Top Manufactured Home State, Other MH States Continue Slide

 

During the growing affordable housing crisis, this is a warning sign.  So why hasn’t the umbrella association the Manufactured Housing Institute (MHI) addressing this persistent problem, when MHProNews has been spotlighted the troubling trend for years?

Why does MHI ignore the clear warning signs?

Keep in mind that while there is an emerging new national manufactured home community association – one that Nathan Smith and the Manufactured Housing Institute (MHI) are trying to embarrass and purportedly hope to kill-in-their-crib – the only national post-production association is MHI.

 

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

 

 

MHARR’s focus is on production related regulatory issues.  MHARR only began to take up finance issues – a post-production concern – because sources say that MHI has demonstrably failed their own members in that and other areas.

KennyLipschutzQuotePoorJobOfLobbyinginMHIndustry-postedMHProNews48thMHINCClist

Past and current MHI members like Kenny Lipschutz, Marty Lavin, Frank Rolfe, the states that have broken away from MHI, are among the signals that no matter how pleasant their mixers or networking may be, they are ‘not getting their job done’ on behalf of the majority of their members.

 

The above from MHAO is from August data. The new MHARR September 2018 shipment data is found at their report linked below.

 

September 2018 Manufactured Home Production Data Shows Slight Flatline

 

 

Notices

This report is being drafted prior to the close of polling on November 6, at 3:25 PM ET.  MHProNews will begin to unpack the midterm outcomes later Wednesday, and in the days ahead.

Another forward-looking notice is that MHProNews contacted:

  • Kevin Clayton, Clayton Homes,
  • Tom Hodges, JD, Clayton Homes,
  • Tim Williams, 21st Mortgage,
  • Richard ‘Dick’ Jennison, MHI President,
  • Rick Robinson, JD, MHI General Counsel,

among others in manufactured housing industry leadership.  They’ve been asked about specific HUD Code manufactured home industry related issues and reports. As of this time, they have not yet responded. Keep in mind these same sources used to reply promptly.  Why are they hiding from the industry’s leading media?

Whatever their response – or failure to respond – will be likewise be part of upcoming reports.

Other factory-built home industry publishers arguably have their hands tied on what they publish, which is routinely fluff and just cheerleading. If that is the only media you’d read, you might be led to think that everything is all good. But in fairness to them, it often due to who those other publisher are being paid by – follow the money.

MHProNews prides itself on being the most independent, analytical, and essentially the sole fact-checking national trade publisher in our industry.

Those are among the reasons why MHProNews leads all others by a country mile in professional readership, from companies of all sizes, including those noted herein. MHProNews routinely have more readers in a day than others do in one or more months, per third-party data.

That’s this morning’s MH “Industry News, Tips, and Views That 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.)

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

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

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

 

 

 

Related Reports:

While Manufactured Housing Overall Rises, Some Slip Sliding Away

 

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

Manufactured Housing Institute Shipment Data, FEMA, an Inside Look

 

 

 

 

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Red Wave? Blue Wave? Here’s What Wall Street Is Watching, plus MH Market Updates

November 6th, 2018 No comments

CNNmoney11.6.2018ManufacturedHomeStocksMarketsReportsMHProNewsTake a giant step back. Then, stop and think. The first part of that headline is from CNBC, a left-of-center media outlet. For about a year, the mainstream media has said that a ‘blue wave is coming.’  We’ll see in a matter of hours.  But the fact that they finally mention that it might be ‘a red wave,’ or as more report, a mixed result in the control of the House and Senate, is revealing.  CNBC’s report will be 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.

CNBCLeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • LIVE UPDATES Election Day in America
  • ‘It disturbs me to my core’: Fox News staffers express outrage over Hannity’s rally appearance
  • Steve King denies Des Moines Register from election event
  • Amazon HQ2: The pros and cons of choosing two cities
  • Papa John’s is still struggling to bring customers back
  • Foxconn hiring plans for Wisconsin plant under scrutiny
  • AMC Theatres will raise the price of its MoviePass rival service for some customers
  • Under Armour: Report on strip club visits was ‘tough to read’
  • Will Colorado deal the shale oil boom a blow?
  • The argument against having close friends at work
  • Donald Trump billed himself as America’s first CEO president
  • But two years in, it’s clear he’s the opposite of a modern chief executive
  • What will the election results mean for Wall Street?
  • National outlets are treating the 2018 race like it’s a presidential election
  • Learning from 2016: This year, the media is reporting poll results differently
  • PERSPECTIVES I worked for the FBI. The mid-terms could be hacked, but here’s the bigger threat
  • Inside the battle over San Francisco’s homeless tax
  • Jamie Dimon doesn’t see a US recession on horizon
  • Gold is back. That’s a worrying sign
  • Why the strong dollar is so bad for business
  • The US economy added better-than-expected 250,000 jobs in October
  • Where’s the Trump economy heading?
  • GE’S LONG GOODBYE
  • 20181106-current-horticulture-led
  • GE’s dismantling continues: It is selling yet another business
  • GE slashes 119-year old dividend to a penny
  • The debt headache at GE is growing
  • GE hit with new investigations from SEC and Justice Department
  • Will GE’s new boss cut the company’s complexity?

Select Bullets from Fox Business

  • How stocks usually perform following midterms
  • Midterm Election Coverage: FOX Business Network
  • Midterms: The Economic & Investor Issues
  • Midterms and marijuana: These 4 states will vote on legal pot
  • At present, recreational marijuana use is legal in nine states, as well as Washington, D.C.
  • Ahead of midterms, soda industry poured millions into fighting sugary drink taxes
  • Jittery investors await midterm elections
  • Continue to Midterm Elections
  • US states where employees get paid time off to vote
  • Maxine Waters will ‘grind down’ Trump’s deregulatory efforts: Jeb Hensarling
  • AFL-CIO president: Union worker health care, wages ‘under attack’
  • Midterms and gun control: NRA candidate ratings for tight races
  • US midterms: Trump military funding on chopping block?
  • Election Day freebies: Here’s where to find deals
  • Stocks rally as Americans hit the polls to vote in midterms
  • Amazon’s HQ2 may have two joint finalists: Here’s a look
  • Home Depot creates 3,000 multimillionaires, co-founder says
  • These proposed federal laws could open the financial floodgates for marijuana companies
  • Lowe’s to close underperforming stores in US, Canada
  • These are the most livable mid-sized American cities

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

11.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.6.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

 

We’ve sounded off on the midterms for months, so tonight we’ll let CNBC’s video and bullet’s spotlight the night of the election.  We’ll only note for now that both parties brought out their ‘biggest guns.’ Former president Barack Obama, former VP Joe Biden and a host of Hollywood personalities have stumped for or with Democrats.  President Donald J. Trump and Vice President Mike Pence have been stumping for their candidates.

The results will soon be known.

Congressional races in Indiana, Kentucky, Florida and Virginia will be among the first Wall Street is watching to see whether the electorate’s response to President Donald Trump’s programs is strong enough to launch either a “red wave” of support or a “blue wave” backlash.

The view of major firms such as Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley is for a mixed outcome, with Democrats gaining control of the House and Republicans holding or even adding to their majority in the Senate. The market reaction to that scenario could be muted, but not so if there’s an upset, with either party staging a surprise victory and gaining total control of Congress.

Stocks could rally if there’s a GOP surge — or red wave — and some strategists see a sharp decline if Democrats overcome the odds and take both the House and Senate.

Key early indicators of blue or red wave:

  • Kentucky — polls start closing at 6 p.m. ET
  • Indiana — polls start closing at 6 p.m. ET
  • Virginia — polls close at 7 p.m. ET
  • Florida — polls start closing at 7 p.m. ET

 

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).

11.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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


New Shipment Data, Top Manufactured Home State, Other MH States Continue Slide

November 6th, 2018 No comments

 

RighttrackwrongTrackTopManufacturedHomeProductionStateSlideOtherMHStatesSlipDailyBusinessNewsMHProNews

August 2018 new home shipment data is in.

 

Let’s be clear, it’s not a disaster. But it continues to signal issues and challenges that the Daily Business News on MHProNews has led-the-charge in spotlighting.  Because during an affordable housing crisis, manufactured home should be doing much better than it is.  RVs are outperforming manufactured homes by a wide margin.  Clearly, something is missing in the leadership of the post-production side of the manufactured home industry.

ManufacturedHomeShipmentsMMHFMidwestManufacturedHousingFederationDailyBusinessNewsMHProNews

Michigan is down -16.9 percent year to date comparing 2017 to 2018 data. IL had a steep drop, but is still modestly up for the year. 4 of the 5 MMHF states dropped during August, with only Ohio up modestly.

 

A report will be published tomorrow that will reflect the national manufactured home shipment numbers, which are down a bit.  Some states are still rising, but others are sliding.

A source with ties to the OMHA has provided the information shown in the graphic above.  Michigan is one of the top ten manufactured housing states in the nation, as data from the product-focused independent producers Manufactured Housing Association for Regulatory Reform (MHARR) has reported.  Michigan is the home to a number of large community operators, among others.

MHARRAugust2018ManufacturedHousingProductionReportTop10StatesDailyBusinessNewsMHProNews

Michigan shipment data reflects it is the #8 state in the nation since 2011.

 

MHProNews highlighted last summer the trend in the same 5 states.

 

Winners and Losers, 5 Midwestern States, Manufactured Home Shipment Breakdown

 

This is a trend that MHProNews alone has tracked and raised the cautionary flags on in reports to manufactured housing industry professionals for some years.

 

While Manufactured Housing Overall Rises, Some Slip Sliding Away

 

Today is the November 6, 2018.  Regulations, financing, placement, and politics are all among the issues that keep manufactured housing artificially limited at a time of a growing affordable housing crisis.

 

Manufactured Housing Institute Shipment Data, FEMA, an Inside Look

 

But tomorrow, whatever the outcome of voting, there will need to be plans forged and put into motion that will address the root cause of these issues.

Today, if you haven’t already vote wisely. Make sure your colleagues do the same. Tomorrow, the Daily Business News will bring more data, and much more about the next steps for forward-looking and honest-success minded industry professionals.  That’s manufactured home “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:

#DeFangBM

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


Lead, Kindly Light

November 6th, 2018 No comments

 

LeadKindlyLightLeadThouMeOnDailyBusinessNewsMHProNews

Lead, kindly Light, amidst th’encircling gloom,

Lead thou me on!

 

The night is dark, and I am far from home;

Lead thou me on!

 

Keep thou my feet; I do not ask to see

The distant scene; one step enough for me.

I was not ever thus, nor prayed that thou

Shouldst lead me on;

I loved to choose and see my path; but now

Lead thou me on!

 

I loved the garish day, and, spite of fears,

Pride ruled my will: remember not past years!

So long thy power hath blessed me, sure it still

Will lead me on.

O’er moor and fen, o’er crag and torrent, till

The night is gone,

And with the morn those angel faces smile,

Which I have loved long since, and lost awhile!

 

–    John Henry Newman

 

My people are destroyed for lack of knowledge. Because you have rejected knowledge…”

–    Hosea 4:6 (CSB)

 

 

Trust in the LORD with all your heart; and lean not on your own understanding.
In all your ways acknowledge him, and he shall direct your paths
.“

– Proverbs 3:5-6, source, Got Questions?

 

Scripture protects private property rights. It teaches that “unjust weights and measures” are to be rejected.

Before modern currencies became common, the barter or trading of good and services was more common. So a just “weight and measure” was an admonition that someone not defraud another by deception.

Lying was likewise condemned, in a very formal ways, since Moses came down from Mount Sinai with the Ten Commandments.

The challenges of our manufactured home industry can in many ways be boiled down to

 

  • Facts vs. misinformation.
  • Action guided by the truth, vs. action or inaction that lacks a proper understanding.
  • Equal justice under law.
  • A system rigged against the everyday Americans, including numerous small to mid-sized businesses.

The evidence reveals our homes are a great value, but are misunderstood, and the system has often been tilted in the favor of a few. Of the top ten richest in America, 7 of those 10 are pro-Democrat.

 

ForbesTOP10BillionairesPartyPoliticalSupportTendenciesManufacturedHomeLivingNews

The Democrats are not the same party that they used to be. Neither are the Republicans. Democrats have tilted socialist, and many say so openly.

 

President Barack H. Obama (D) had his 8 years, isn’t it only fair that President Donald J. Trump get his next two years with a congress that will work with him for an agenda that is working?

 

Danny Glover, Presidents Barack Obama & Donald Trump, Promises Kept, and Affordable Manufactured Housing

 

It’s in your hands, so please Vote.

If you’ve voted, get others on the fence to see the Light. “Lead, Kindly Light… Lead Thou Me On.”

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:

#DeFangBM

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


Sexual Harassment, #MeToo Small Business Workplace Webinar

November 6th, 2018 No comments

SexualHarrasmentSmallBusinessStarategies#MeTooDailyBusinessNewsMHProNewsNFIB600

Sexual harassment and the #MeToo movement have received lots of news coverage of late,” says the National Federation of Independent Business (NFIB).

 

While most of the headlines focus on big-name companies, illegal harassment occurs in businesses of all sizes,” said their statement to the Daily Business News on MHProNews. “Small businesses who ignore the risks associated with not preventing and stopping discrimination, including sexual harassment, in the workplace, risk financial and reputational devastation.”

The NFIB – with Juanita Duggan as their president – is for SMBs (small- to mid-sized businesses.)  Hundreds of manufactured housing firms, per our sources at NFIB, are members of that association.

ElizabethMilitoSeniorExeucitveCounselLEgalFoundationNFIBWebinarSchedule1162018

This webinar will talk about the perils of ignoring harassment in the workplace and offer simple steps employers can take to protect employees in businesses of all sizes.

NFIBRegisterNowButtonSMBWebiniarManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

From NFIB President Juanita Duggan

For those who are standing in line, to vote – or have friends that still need to vote, please check out:

 http://www.nfib.com/advocacy/elections/

ChipKovachNFIBBusiestWeEverHaveDailyBusinessNEwsMHProNewsNotice that they have favored a very similar pattern that MHProNews has advocated.

LookProgressDeregulationsNFIBDailyBusinessNewsMHProNews

NFIB has advocated the same pro-growth agenda that President Donald J. Trump and Vice President Mike Pence have.

Eric Trump on 1430 AM said, if “people get out and vote, we will win.” Vote wisely. “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:

#DeFangBM

 

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

 

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

 

 

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


On the Eve of the Midterms, Closing on Willie Horton? Plus, MH Market Updates

November 5th, 2018 No comments

CNNmoney11.5.2018ManufacturedHomeStocksMarketsReportsMHProNewsMarkets rose, but they’ve been bouncing around pre-midterms through much of October.  This past weekend, several of the Sunday talk shows featured the booming economy.  It was a surprising pivot from media outlets that have kept mum of the economic boom in roughly 21 months of President Trump’s administration. With a booming economy – recently rated by an international monitor as the best in the world – mainstream media voices are asking, why is the economy not getting more emphasis by Team Trump? Why are they closing instead of what Democrats and left-leaning media decry as a Willie Horton style theme?

 

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…

  • PERSPECTIVES I worked for the FBI. The mid-terms could be hacked, but here’s the bigger threat
  • Tesla cuts price on Autopilot upgrade
  • Lowe’s is closing 51 stores
  • FedEx is hiking rates again
  • 7-Eleven hops on the self-checkout bandwagon
  • NBC and Fox News pull Trump campaign’s racist ad
  • Facebook pulls Trump ad as well
  • ‘Boycott Amazon’ is trending in Saudi Arabia
  • The mystery around Amazon HQ2 continues
  • Amazon offers free shipping on all holiday orders
  • Investors too optimistic about US stocks, and Millennials have too much cash
  • How the economy is playing in five close House races
  • Inside the battle over San Francisco’s homeless tax
  • How narcissistic CEOs put companies at risk
  • Oil drilling is on the ballot
  • 20181105-colorado-energy-ballot
  • Voters will decide on new safety and environmental regulations for Colorado
  • Iran is still exporting oil as sanctions deadline passes
  • Will Exxon’s oil production keep shrinking?
  • Saudi Arabia has ‘no intention’ of repeating 1973 oil embargo
  • How the shale oil revolution made the U.S. the world’s number 1 oil supplier
  • Applebee’s is betting on stress eaters, and it’s paying off
  • Starbucks’ red and green holiday cups are back
  • Chick-fil-A is trying to get into your home
  • Dunkin’ is serious about high-end espresso
  • Panera wants you to know exactly what’s in your bread
  • Big Tech and the midterms: The scary thing is what we still don’t know
  • The drastic rise of America’s news deserts
  • Social media giants beef up election security
  • Facebook promised to fix political ads on its platform. It hasn’t
  • Twitter took down thousands of accounts that discouraged voting in midterms

Select Bullets from Fox Business

  • Amazon HQ2 to be split evenly between two cities: Report
  • Stocks mixed on eve of midterms as tech lags
  • Lowe’s to close underperforming stores in US, Canada
  • Former GE CEO will get this much severance
  • Verizon to reorganize business segments[overlay type]
  • Verizon to reorganize business segments
  • Amazon: The Bezos Behemoth
  • Free shipping promotion could cost Amazon big bucks: Moody’s
  • Amazon HQ2 search: Where Bezos’ private jet has traveled most
  • Amazon drops free-shipping minimum for all customers
  • Trump’s Iran sanctions: EU plans for workaround
  • Iran sanctions had ‘enormous’ economic consequences: John Bolton
  • IRS increases retirement contribution limits for 2019
  • The most livable mid-sized cities in America
  • Franchising fast food restaurants isn’t as profitable as you think
  • Looking to sell your home? Top advice from the ‘Property Brothers’
  • Ben & Jerry’s, Patagonia take political stances before Election Day
  • Maxine Waters will ‘grind down’ Trump’s deregulatory efforts: Jeb Hensarling
  • Midterms and marijuana: These 4 states will vote on legal pot
  • Here are the best credit cards for cash back deals
  • Subaru and Toyota to recall more than 400,000 vehicles
  • Inside the jobs report and why it did not disappoint
  • Microsoft is getting ripped off by China, losing $10B in profits

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

9MarketIndicatorsYahooFinance11.5.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.5.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

The die is almost cast.  The pundits and talking heads in 36 hours will be talking about why the results of the midterms.  The panels will ask, why did it go this way instead of that way?

Many now are saying that the market turbulence has been pre-election jitters.

Investors like certainty.

As part of the agenda media, CNBC tonight has a video that says that investors should “hope” for a split House and Senate.  They have a pundit that says that investors should want the GOP in charge of the Senate, and Democrats in charge of the House.  That’s one view.

Some normally anti-Trump media outlets this past weekend surprisingly praised the economy, and then asked: why isn’t the president spending more time talking about the economy than about immigration? Why did the GOP roll out an ad that even Fox News said they would not run?

A new GOP backing ad is being compared to the controversial Willie Horton ad from the late 1980s. That ad, by the way, worked. This is what a CBS affiliate in Boston, a clearly anti-Trump outlet had to say.  They include some clips of the controversial video, which features an illegal immigrant who killed cops, and said he wants to kill more.

 

What follows below is the controversial Willie Horton ad that some say helped sweep the George Bush to victory over Michael Dukakis.  Note that YouTube says that this ad was not run by the GOP or the Bush campaign.  The “Infamous attack ad from 1988 U.S. Election against Michael Dukakis. This ad was ran by the National Security PAC, not directly by the Bush/Quayle campaign,” is how it was described.


Perhaps the Willie Horton ad would not have been described as racist if Willie had been Anglo, but the principle applied.  That’s water under the bridge.

The illegals coming into the U.S. aren’t white. Is it really racist to show clips of a courtroom video?

Immigration is a strong motivating issue for millions of GOP voters.  It is unclear if this ad will have the effect that it aims for, because it is being discussed by mostly negative news analysts in a mostly negative way.  Fox News won’t run it.

That said, a few observations from those who have observed a number of Trump rallies in 2018.

  • The economy is discussed in some detail at rallies.
  • Health care is discussed, including the GOP position that pre-existing conditions will be protected.
  • Veterans’ health care is a talking point.
  • The “right to try” law is discussed.
  • Defense and foreign policies are rally topics too.
  • All of that is framed in the context of “promises made, promised kept.”
  • On immigration, it is one of the issues that gets voters motivated.

Texas has studied the immigration issue.  Literally hundreds of thousands of crimes in that state are committed by illegals.

According to Texas Department of Public Safety: “According to DHS status indicators, over 270,000 criminal aliens have been booked into local Texas jails between June 1, 2011 and October 31, 2018, of which over 182,000 were classified as illegal aliens by DHS.”

This writers is someone who came to the U.S. legally.  Our publisher is the son of 2 legal immigrants, who applied and waited for years to come to America.

The immigration question is often morphed into something that it shouldn’t be.  Laws exist for a reason.  Immigration laws exist for a reason too.  It is unjust and unsafe to allow people to enter the nation without vetting. It is unsafe for those making the journey.  It is unsafe for citizens on both sides of the border.

Will the president’s gamble pay off on the immigration issue pay off?  In about 36 hours, we’ll know more. For other topics, from an industry perspective, see the related reports, linked below.

Related Reports:

#DeFangBM

Who Gets Credit? Latest National Data, Including Wages, Salary Jump Decade’s High-VIDEOS, Plus MH Market Updates

Following Facts, Money – Sam Zell, Warren Buffett, Tim Williams/21st Mortgage, and Manufactured Housing

 

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).

11.5.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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


MH Sales, Marketing, Management Life Lesson – Plan A, Plan B

November 5th, 2018 No comments

 

MHSalesMarkjetingManagementLifeLessonPlanAPlanBManufacturedHousingIndustryDailyBusinessNewsMHProNews

Imagine the following, because the odds are good that it has already happened to you and your business.

 

Let’s presume for the next few minutes that you are an ethical person, working in an honest business.

Based on that, do you have to have a perfect product or service in order to sell it?

Of course not. If perfection was the standard, there would be NO business. “Excellence” was Apple founder Steve Jobs’ standard.

Coach Lou Holtz standard was doing good, following the principles of the millennia-ageless “golden rule.”

We tell professionals in columns and our clients “don’t over promise, don’t under deliver.”

We did and do that in our MH businesses.

We do that in our publishing work too. Our website isn’t perfect, this writer isn’t perfect, but thousands of manufactured and factory-built housing professionals like yourself will logon today to see something good enough to read, consider, and perhaps do themselves. By the way, thank you, and know that serving you and thousands of others is a responsibility we don’t take lightly.

Back to the headline point, the life lesson that impacts your business or professional routinely. What if someone smeared you personally, and/or smeared your operation.  What would you do?

Before answering the question, let’s clarify the topic.

What is or isn’t “a smear?

The dictionary says that “smear” in this context means: “damage the reputation of [someone, some organization] by false accusations; slander.”

So, a smear is a false accusation, designed to disparage someone or some operation’s reputation.

There are some who confuse a true or evidenced based concern with a smear.  But spotlighting a legitimate issue isn’t a smear at all. A smear is a lie designed to make you or your organization look bad.  If something isn’t a lie, it isn’t a smear.

That clarified, based upon our experiences in MHVille, smears happen routinely. They happen to us, they happen to others.

Before we get into specific smears, let’s make a brief, but related point.  In a very real sense, Manufactured Housing as an industry has been smeared.

So as a professional or business, there must be a strategy to deal with the reality of smears.

I’m writing this on an iPad. That iPad or my iPhone does automatic word completion. It’s a useful feature.  Odds are good you have a smart phone with a similar feature.  Have you ever had an automatic word turn out to be the wrong word? Or have you thought you typed one thing, and autocompletion or autocorrection was wrong?

It happens all the time, right?

It is an example of a good product, that isn’t perfect product. Yet millions of smart phones of all brands have a similar feature.

You have a manufactured home for sale. It isn’t perfect. It’s not the Taj Mahal. But it doesn’t have to be perfect! It only has to do the job it is supposed to do. I’ve personally sold as many as 15 homes in a month – closed, delivered, and funded – with double digits in the month before and after.  This isn’t theory.  We talk facts, experience, and reality here.

The point is simple yet profoundly important to you, your business or location(s).

 

Solution to Smears?

So long as you don’t over promise, or under deliver, part of the solution to smears are the following:

  • You have to continue to be who you authentically are, honest, responsible, delivering on every promise. Just HONESTLY showing up, day after day, doing the right work with the right words, will over time prove to discerning people that the smear isn’t true.
  • One has to be willing to defend the truth. That’s the truth of our industry, and the truth about you, your firm, your product or service. If your firm is a client of our business development services division, you already know how we do that, successfully. If you want coaching on this and you are the boss, send that message, or pick up that phone and call the number below. If you’re not the boss, then talk to your boss, or send that person this article.
  • The Truth Well Told is Powerful, and NECESSARY. The truth well told is HUGE in debunking a smear.

We’ve paid attention to some companies and associations that have spent sometimes large sums of money with others (and I’m not knocking the others).  A year goes by.  Two years.  What actually changed for those firms or states? If there was only modest growth, was that growth any different than the growth rate of the industry at large?

ManufacturedHomeMHShipments1990-2017DailybusinessNewsManufacturedHousingMHProNews600

We show charts like the one above for good reasons. Thousands of manufactured home industry professionals have not experienced shipment levels 3, 4, or 5 or more times greater than they are today.

 

A Very Public Example of Beating The Smear

Closing on a very public example, which may sound political, but is in fact an amazingly powerful public example of the smear. Why is President Donald J. Trump controversial?  He’s accused of all sorts of things.  Where is the evidence, beyond the smear?  The Mueller probe has gone mostly quiet.  Many of the attorneys who worked for special counsel Robert Mueller have left.  Everything has leaked out or was made public.

If there was a case against the 45th president, the whole world would know it.  Instead, there is this drum beat of racist, and other slurs – the smear – even though there were no such allegations about this same man before he started to run for the White House.  This president is an amazing example of how to deal with the smear.

  • Book after book came out that tried to paint the president as the devil’s own brother.
  • Third-party research shows that 92 percent of mainstream media coverage of the president is negative.
  • Yet, at this point in his presidency, after years of “the smear,” the president’s approval rating is higher than President Barack Obama at this same point in the two’s presidencies. Yet, former President Obama had an often fawning media.

The point? How did President Trump accomplish what he has, in the face of an onslaught of attacks and smears?

  1. A) POTUS Trump pushes back. He often points out the hypocrisy of the allegations, or shows how they contradict the facts.
  2. B) POTUS Trump rallies and communicates with his base. He tweets. He holds rallies. He is communicating daily to his supporters, and his support has grown. 
  3. C) POTUS Trump educates. Have you watched more than one of his rallies?  Have you watched one from start to finish, not just the 30 or 60 second sound bite on the evening news? The president is informing his base.  He is telling them what he promised, and what they’ve done. He uses facts and figures. Sure, he tries to make it entertaining and engaging. Millions love it.

If you hate, love or are somewhere in the middle on the president, you’re getting a life lesson that is absolutely priceless. Pushback against the smear, and showing up and doing your job well are huge.

By this time Wednesday, the odds are excellent that the results of the midterms will be known. But you and we have to get up and go back to work, regardless of the outcome. Whatever the outcome, President Trump will go back to work too.  Ditto folks like you or we too.

One of the president’s slogans is so smart. “Promises Made, Promises Kept.” That works in business. It works in business and life too.

How do you beat the smear?

Frankly, some may never believe the truth. Some will accept the smear.

But if you do the right things, in the right ways, over time, it can be used to benefit you and your business. It’s not easy, but it is doable.  The most obvious example is the 45th President.

Finally, you have to think long-term.  You have to plan your career and your location(s) like you are going to do this, and only this, for the next several decades.  Long-term thinking and “promises made, promises kept” has huge long-term benefits.

That’s our Monday morning sales, marketing, management tip. That’s “Industry News, Tips, and Views Pros Can Use.” © where “We Provide, You Decide.” ## (Manufactured housing related marketing & sales news, analysis, and commentary.)

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

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

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

November 5th, 2018 No comments

 

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Pay more attention to what people do than to what they’ve said or promised. Then, “Follow the Money.”

 

There have been several reports in recent years that have spotlighted troubling claims of problems with respect to Clayton Homes, and their Berkshire Hathaway lending affiliates, 21st Mortgage Corp and Vanderbilt Mortgage and Finance (VMF).

The call for comments from the Daily Business News on MHProNews has also drawn a steam of insider insights.

The last one is perhaps the biggest bombshell, and from a well placed source. But let’s work up to that one by beginning with select quotes from a Value Walk analysis of Clayton Homes’ denials. That Value Walk review will be followed by statements to MHProNews from Clayton team members and/or former employees.

 

ClaytonHomeslogoValueWalkAnalysisManufacturedHousingMHProNews

Per the Value Walk Team, From the Article Cited Above

According to Value Walk, in an article at this link here, “Clayton Homes published a rebuttal of CPI’s investigation…as an article in the Omaha World Herald, but the article was full of half-truths and omissions. Moreover, it did not factually rebut a single fact presented by CPI in regard to its investigation.”

The following are pull-quotes from Value Walk.

The truth about Clayton Homes,”

“FACTS: Many customers interviewed as a part of the investigation said they were told that Clayton lenders were their only option or the best option, but offered no proof. Numerous customers did not realize and were not told, that the home dealers and lenders were part of the same company. Most said they were not encouraged to explore alternatives.”

“FACTS: Two former Clayton dealers interviewed as a part of the investigation noted they received financial incentives, which they called “kickbacks,” for financing buyers through Clayton lenders or adding on Clayton insurance products. A third former manager, who worked for the firm until late 2013, described constant pressure from his supervisor to make sure at least 80% of borrowers used Clayton financing.”

“FACTSClayton has successfully pressured federal financial regulators against proposals to mandate appraisals on more transactions. Of note, the firm also succeeded in preventing new rules requiring full appraisals, including inspections, on loans for new homes that were secured by land.”

“CLAIM: Loans over the past year had an “average total down payment of just under 19 percent.”

FACTS: This one is pretty much a flat out lie in that Clayton is not referring to down payments in the traditional sense. The company has long advertised “$0 CASH DOWN” loans where customers put up land that they own instead of cash. Obviously, land collateral is very different from a cash down payment, because it does not reduce the balance of the loan or increase the borrower’s equity in the asset being bought…”

 

ClaytonHomesRipOffLiedDishonestCheatedMisleadStolePressuedLawsuitsComplaintsManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Taught to Pressure, Manipulate, Deceive and Lie

Let’s note for balance that there are sources we’ve asked at Clayton that contradict, or explain the following or the above in different ways that their accusers do.

All motivated sellers want to close more deals, and sell more homes. It’s a given. Done ethically, it’s the free market at work.

That said, we have heard from multiple sources that Clayton Homes in their initial and ongoing training are encouraged to pressure prospects.  Clayton then rewards certain kinds of behaviors and outcomes.

A standing joke from sources in one Clayton region was that “divorce is good.”

A divorce means you can sell two manufactured homes instead of one,” was how the company perspective was explained by more than one source at or formerly with Clayton.

One of them claimed that the “divorce is good” philosophy in sales dated back several years, and started “at the top” of the organization.

There are several techniques we were shown that were manipulative,” said another. “Some are so deceptive, that they might as well be a lie.”

Some common threads are phrases designed to get the customer to commit today, or to go with in-house Vanderbilt for loans, vs. trying other sources of lower-cost lending. That’s in keeping with Seattle Times, Value Walk and other mainstream media claims.

Indeed, when an online “Ripoff Reports” and/or some legal court filings are examined as third-party checks for accuracy, there are similar claims found there too.  See the screen capture, further above, which are just a sampling from 11.4.2018.

 

Why this Matters not only to Clayton, But Others in MHVille Too

The problem for non-Clayton companies in this purported pattern is that while it can be traced to a specific firm, because Clayton is the largest company in manufactured housing, it may cause others to think it is the entire industry behaves in this problematic fashion.

Given the number of independent retailers or producers that get good reviews from customers and avoid headlines or court rooms, what may be true about Clayton, clearly need not be true about others in the industry.

Again, in fairness, some Clayton members asked about these concerns often put a different light or spin on such issues and allegations.

 

Clayton GMs…

A key to the Clayton structure is their store location general manager, or GM. Many Clayton sales professionals are taught and encouraged to to aspire to the GM role.

That’s what makes the following insight a possible earthquake for Clayton thousands of employees, their GMs and sales team members.

 

From a Key “Team Clayton” Member

If Buffett and Clayton get their way, and finally conquer Manufactured Housing, here’s what the Clayton GMs don’t realize. Right now, a good Clayton GM can make 6 figure income, no problem,’ said a longtime Team Clayton member, who added the following key insight. ‘But if Clayton does wins, and they essentially take over the manufactured home marketplace, watch their GMs pay plan change. Then GMs will become more like a shoe store manager, earning maybe 50k to 70k.’

Rephrased, Clayton “success” at “conquering the industry” could be rewarded with a de facto pay cut.  If so, ouch and ouch.

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Destroying the Competition

While the message below was posted publicly via social media to MHProNews, the name will be withheld for the sake of the sender. Having read one of the Smoking Gun reports, the Clayton man said, “What’s wrong with destroying the competition?”

 

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

 

For those who watch and read the related reports, linked above and below, keep the following in mind.

Pay more attention to what people do, than what they claim or promise.

Then follow the money.

In a society that tolerates a rigged system, professionals must be careful to avoid the traps, pitfalls, and swindles that are established which aim to “destroy the competition…” Loyalty to Clayton and their success could result in less earning power, and other possible problems, per sources.

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