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

Tanker Strike Spark Oil Jump, Likely Rise in MH Transport Costs, plus Manufactured Home Stock Updates

June 13th, 2019 No comments

CNNmone6.13.2019ManufacturedHomeStocksMarketsReportsMHProNewsWhen the cost of crude oil goes up or down, sooner or later, the cost for transporting a manufactured home will also routinely rise or fall.  So, this evening’s market focus is on the literally explosive situation off the Iranian coast near the Straights of Hormuz, where much of the world’s Middle Eastern oil is transported through. 

 

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

 

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

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

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

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

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

 

CNN Business

  • A telling reaction
  • The oil market didn’t react much to the tanker attacks in Oman. Here’s why
  • Oil up 4% after two tankers were attacked off Iran’s coast
  • Why the Strait of Hormuz is so important
  • GE could sell its stake in dozens of startups
  • Spotify is betting big on podcasts. Its new redesign shows just how much
  • Callaway Golf’s stock soars after activist discloses big stake and pushes for sale
  • Rivals Microsoft and Oracle are teaming up to take on Amazon Web Services
  • New ‘megatrend’ ETFs let you invest in everything that’s cool
  • Britain’s wildly popular Monzo banking app is coming to America
  • UK government may intervene in Saudi investment into London papers
  • What is Truist? Soon it’ll be one of America’s biggest banks
  • Southwest Airlines extends flight cancellations through September 2 because of Boeing 737 Max grounding
  • House Intel chair sounds alarm in Congress’ first hearing on deepfakes
  • First on CNN Business: 600 companies including Walmart, Costco and Target warn Trump on tariffs
  • These companies could save the IPO market
  • Marly Higgins Driskell is a certified master newborn care specialist in Houston.
  • What it takes to be a $200,000-a-year nanny
  • A production model of the Samsung Galaxy Fold Tablet smartphone can be seen at a presentation.
  • AT&T cancels preorders for Samsung Galaxy Fold, patents stretchable phone
  • Google releases first photo of the Pixel 4
  • Huawei exec says it has to ‘wait a little bit longer’ to become the world’s biggest smartphone brand
  • Huawei phones will no longer come with Facebook apps
  • The iPhone’s new dark mode: Why you should care
  • KFC are officially trialling a vegan burger, known as the 'Imposter Burger.'
  • KFC is launching a vegan chicken burger in the UK
  • Even Tyson is getting in on the plant-based meat craze
  • Beyond Meat’s stock is up nearly 500%. That’s really too good to be true
  • Beyond Meat introduces new, meatier burger patty
  • Burger King’s Impossible Whopper arrives in San Francisco

 

Fox Business

  • American Airlines, Southwest shares surge after fare increases
  • Tesla’s request for China tariff relief denied by Trump administration: Report
  • Colorado’s marijuana revenue surpasses $1B
  • Trump says Sarah Sanders will leave White House at the end of June
  • Great Recession still hurting? 23% of Americans say their financial situation is ‘worse’ now
  • Colorado’s marijuana revenue surpasses $1B
  • Venezuela to issue 50,000 bolivar bill, equivalent to about $8
  • Atlanta Braves stadium to get new name after BB&T-SunTrust merger
  • Social Security can boost your retirement savings, here’s how
  • Tax revenues to grow 50% over next decade: Rep. Brady
  • OJ Simpson murder case, 25 years later: Ron Goldman’s father details baffling ‘confession’
  • Retirees across the world will outlive their savings by years, report says
  • Hatch Act violation would have gotten me fired: Fmr. Obama adviser Valerie Jarrett
  • Universal Orlando’s much anticipated $300M ‘Harry Potter’ roller coaster is now open
  • AOC, Bernie Sanders skewer Amazon Prime’s new credit card: We ‘intend to outlaw it’
  • Chobani to pay Idaho school district’s $85,000 lunch debt
  • NBA Finals Game 6 ticket prices at record levels for Warriors’ last game at Oracle Arena
  • Ben Carson rips red tape behind the soaring housing costs
  • DNC spending more than it’s raising ahead of 2020 election
  • Will Kamala Harris prosecute President Trump?
  • 2019 ‘Pig Book’ finds government’s pork addiction getting worse
  • Like oil and gas dominance, America can win rare earth production
  • Trump defends remarks about taking foreign government intel on rivals
  • Sanders’ socialism vs. Biden’s nostalgia
  • How this Eagle Scout earned 138 badges

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

9MarketIndicatorsYahooFinance6.13.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

TankerStrikeSparkOilJumpLikelyMHTransportCostsManufacturedHomeStockUpdates

 

 

Per CNBC:

·        Attacks on tanker ships near the world’s busiest sea lane for oil shipments send oil prices sharply higher, partially reversing a deep slump in crude futures.

·        Tankers the Front Altair and the Kokuka Courageous have sustained significant damage in the Gulf of Oman, and their crews have been evacuated.

·        The strikes come against a backdrop of heightened tension between the U.S. and Iran and follow last month’s attacks on four tanker ships in the Middle East.

 

 

This oil spike graphic tells the tale at a glance.

 

WestTexasCrudePriceSpikeJune132019

 

 

 

Not only is transport cost of a manufactured home from the production center to a retailer or community impacted by a rise in oil prices, but also the cost of any secondary moves from a retailer to the home buyer’s site is impacted too.

Furthermore, products are transported to the production center, so those costs will ultimately be passed along too.

The Daily Business News on MHProNews will monitor these developments.

Related Reports:

Is War Ahead? Insider Sources in Iran Talk Trump, Middle East Conflicts, plus Manufactured Home Market Updates

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

 

YahooFinanceManufacturedHousingConnectedStocks6132019MHProNews

Updated:

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

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

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

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

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

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

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

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

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


Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

June 13th, 2019 No comments

 

InvestigatingFannieMaeFreddieMacOverDutytoServeManufacturedHousingDailyBusinessNewsMHproNews

Facts are stubborn things.”

 

Assuming that the meaning of “new” hasn’t changed recently, “new” means “not done before.” And, if “new” still means “new,” then it also means, by definition, that there is no pre-existing loan performance data for that “new” class of home – because it’s … well … “new.” – Mark Weiss, J.D., President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

 

Wit is the soul of wisdom, goes an old maxim.

With that pull quote above from his full message below, Weiss exposes the apparent contradiction of providing Duty to Serve (DTS) lending for the Clayton Homes/Manufactured Housing Institute (MHI) backed ‘new class of homes.’

Attentive industry readers will recall that Fannie Mae and Freddie Mac have said that a ‘lack of data’ caused them to not dive deeply into manufactured home lending, especially on home only or ‘chattel’ personal property loans.  Yet they do have data on those loans. They also have the obvious example of several lender sustainably performing personal property loans.  That’s inferred performance.

By contrast, as Weiss said, the GSEs have no data whatsoever on this Clayton/MHI backed new class of homes.

An outraged MHI-only member producer told MHProNews in 2018 his disgust over how the GSEs snubbed the vast majority of manufactured housing by Fannie and Freddie with this phrase: “What are we chopped liver?”

 

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

 

Another MHI-only member producer told MHProNews about the same time that the new class of homes makes no sense. Per that source, the GSEs already did lending on par with conventional housing for modular homes.  Why establish this new class of HUD code manufactured homes, when modular housing already exists, and the same producers routinely do both? In a sense, it is arguably like doing nothing at all for manufactured housing, unless it is much the same as an on-frame modular unit.

 

Insider Insights from GSEs

The Daily Business News on MHProNews asked a consultant to a GSE, prior to the roll out of their ‘new class of homes,’ program the following.  Had the GSEs considered what the impact would be on the rest of manufactured housing? And if the ‘new class’ of homes was successful, what if it undermined confidence in the balance of all other manufactured housing?

The reply was stunning. Per that consultant, if a negative impact on other manufactured homes occurred, the GSE could always take that into consideration after a year or so of data was collected.

Rephrased, the consultant said the GSE was willing to risk undermining the value and confidence in all manufactured homes, in order to roll out the new Clayton/MHI backed project as they envisioned it.

Outrageous, but there it is.  Other consultants to GSEs told MHProNews equally stunning revelations.

 

But the focus of this report is the newest edition of MHARR ISSUES AND PERSPECTIVES.  It is being reproduced below in its entirety.  It will be followed by additional insights and commentary by MHProNews.

 

TimeToInvestigateFannieFreddieMishandlingofDutyToServeDTSMHARRissuesPerspectiveManufacturredHousingAssocRegulatoryReformLogo

“TIME TO INVESTIGATE FANNIE AND FREDDIE’S MISHANDLING OF DTS”

By Mark Weiss 

JUNE 2019

It’s been more than ten years since Congress enacted the Housing and Economic Recovery Act of 2008 (HERA) and its “Duty to Serve Underserved Markets” (DTS) mandate.  DTS directs both Fannie Mae and Freddie Mac to “develop loan products and flexible underwriting guidelines to facilitate a secondary market for mortgages on manufactured homes for very low, low and moderate-income families.” Insofar as it expressly authorizes programs for both real estate and personal property (chattel) manufactured housing consumer loans, DTS was – and always has been – aimed at increasing the availability (and lowering the cost) of purchase-money financing for mainstream, affordable manufactured homes by providing securitization support for lenders, which would lower their credit risk, while promoting greater market competition, which would also result in lower borrowing costs for consumers. That laudable objective, however, has not been achieved, and with the industry now in an eight-month sustained production decline, DTS remains a nearly empty shell, leaving the 80% of the manufactured housing consumer finance market that relies on personal property loans totally unserved, while scarce – and badly needed – DTS resources are diverted to programs that do nothing for mainstream manufactured housing consumers, but do benefit a handful of the industry’s largest corporate conglomerates. This “hijacking” of DTS, with the knowledge and support of both Fannie Mae and Freddie Mac, deserves a thorough investigation by Congress and full accountability for those involved.

 

Put simply, DTS was never designed to be a corporate welfare program for the industry’s largest conglomerates. But that is exactly what it’s becoming, as a result of its botched implementation by Fannie Mae and Freddie Mac (with a “wink and a nod” from their federal regulator, the Federal Housing Finance Agency – FHFA), and its diversion away from the mainstream, affordable manufactured homes produced by all HUD Code industry manufacturers, in favor of high-dollar, hybrid-type homes that are produced by only one or, at most, just a handful of manufacturers.  As usual, the winners in this fiasco (thus far) are certain well-heeled, well-connected industry conglomerates that play to the pre-existing prejudices of Fannie and Freddie, while the “losers” are the rest of the HUD Code industry and the millions of lower and moderate-income American families that could otherwise be helped by DTS to purchase and own a home of their own.

 

The factual analysis leading to these conclusions is, in actuality, simple, straightforward and fundamentally undisputed.  Start with a basic undisputed fact, as confirmed by federal government data.  That is — as shown by U.S. Census Bureau housing market data — that some 76% of all HUD Code manufactured housing placements in 2017 (the most recent year for which such data is available), were titled as personal property (i.e., chattel). While not necessarily representing a one hundred-percent direct correlation, this data effectively means that something close to three-quarters of the manufactured homes purchased in 2017 were financed as personal property, while only 17% of all manufactured homes that year were titled – and presumably purchased and financed – as real property. This division between personal property-based placement and financing on the one hand, and real estate-based placement and financing on the other, has remained relatively constant in recent years, moreover, with the proportion of personal property placements varying between 76% and 80%, while real estate placements varied between 13% and 17%.  Thus, there can be no actual or legitimate dispute that the vast bulk of the manufactured homes purchased by lower and moderate-income American families, are served by personal property-based chattel financing.

 

Nor is this – or should this — be a surprise to anyone.  While manufactured housing personal property loans generally carry a higher interest rate than real estate-based loans, due, in part, to the absence of land as security for the lender, personal property loans, using the home itself as the sole security for the lender, cost less overall than real estate loans which include the purchase cost of the land underlying the home.  As a result, personal property loans have tended to be favored by lower and moderate-income consumers, including consumers who might otherwise be unable to afford a home of their own. That is, with an average sales price of $48,300.00 without land (in 2017) a single-section manufactured home would cost far less to purchase and finance than either an average site-built home with land (with an average combined sales price of $384,900.00) or a single-section manufactured home with land, which, according to the same data, could add something on the order of $90,000.00 to the structural price of the home itself.  Consequently, even with higher borrowing costs for chattel loans (resulting from higher interest rates), such loans on HUD Code manufactured homes nevertheless represent – and have always represented – the most affordable route to homeownership for any American anywhere in the United States.

 

Given this basic, undisputed data, the most direct route to fulfilling the promise and mandate of DTS – i.e., putting more lower and moderate-income American families into homes that they can truly and legitimately afford – would be for Fannie Mae and Freddie Mac to provide market-significant securitization and secondary market support for the manufactured housing personal property consumer lending market, as MHARR has always maintained. This is where the vast majority of manufactured housing purchasers are, and where the vast majority of lower and moderate-income manufactured housing purchasers are. And, not to overstate the point, these are the very people that Fannie and Freddie should be serving and, in fact, were created to serve, and are directed to serve by their respective charters and authorizing legislation.

 

But Fannie Mae and Freddie Mac have no interest in serving the type of housing consumers served by mainstream manufactured housing. Thus, they have no interest in providing securitization and secondary market support for mainstream, chattel-financed manufactured housing.  If they did have such an interest, and had been serving the mainstream manufactured housing market all along, DTS would not have been necessary and would not have been enacted by Congress.  What need would there be for a remedy – such as DTS — if there was no problem to begin with?  Conversely, the fact that Congress felt the need to enact a remedy shows that there was, in fact, a problem with Fannie and Freddie’s treatment of manufactured housing consumers. But Fannie Mae and Freddie Mac, aided by FHFA and some within the industry, have worked overtime to circumvent that remedy, while they continue to discriminate against lower and moderate-income manufactured American families that seek to purchase a truly affordable, mainstream manufactured home. At the same time, Fannie and Freddie talk about support for the mainstream manufactured housing market while, in fact, doing no such thing.

 

How do we know this?  Again, “facts are stubborn things.”  To start with, the reality is that neither Fannie Mae nor Freddie Mac has yet to implement even a “pilot program” for manufactured home chattel loans, some 11 years after the enactment of DTS.  A May 23, 2019 letter from Fannie Mae Vice President Jonathon Lawless to MHARR thus refers only to a “potential” manufactured housing personal property “pilot” program. And forget any kind of market-significant support for the predominate type of manufactured home consumer lending in the United States. In fact, according to sources, Fannie and Freddie have yet to provide market support for any manufactured home consumer personal property loans under DTS – a point effectively confirmed by Mr. Lawless, whose May 2019 letter states that Fannie Mae’s DTS Plan “has never called for [the] immediate purchase and securitization of these [personal property] loans.”

 

And what are Fannie Mae and Freddie Mac doing instead?  Rather than providing the type of market support that is desperately needed to expand the availability and affordability of mainstream manufactured homes for lower and moderate-income purchasers – what they should be doing under DTS – Fannie and Freddie instead, are offering support for the types of “manufactured homes” that they want to see and promote; not mainstream, affordable, HUD Code manufactured homes, but “manufactured homes” that are more like the far more costly site-built homes that Fannie and Freddie are accustomed to dealing with. Thus, in a January 14, 2019 article entitled “Delivering on Our Affordable Housing Mission Under Duty to Serve” (and there are many more such examples), Fannie Mae Executive Vice President Jeffrey Hayward refers to “manufactured homes” constructed in accordance with Fannie’s “MH Advantage” program – for manufactured homes titled as real estate (not chattel) – as being “similar to site-built homes.”  And, of course, this is – and remains – Fannie and Freddie’s central criterion in providing support for “manufactured homes” – i.e., they cannot be mainstream (and therefore affordable) manufactured homes but, instead, must be “similar to [the] site-built homes” that Fannie and Freddie are used to dealing with, and thus are within their pre-existing “comfort zone.”

 

It’s the same thing with the so-called “new class” of manufactured homes.  These homes are described (and specified) as being more like site-built homes – or a hybrid between site-built homes and manufactured homes.  As a result, they are projected to cost significantly more than an “average” mainstream manufactured home – up to approximately $220,000.00 as compared with an “average” (2017) price of $71,900.00 for all mainstream manufactured homes (i.e., both single and multi-section) — and are simply not the type of affordable, non-subsidized affordable housing resource that is provided by mainstream manufactured housing; meaning, again, that they would appeal – and be marketed to – the more “upscale” consumers that Fannie and Freddie would prefer to deal with.

 

And just as long as we’re on the subject, what type of loan performance data exits to support the creation of a special program for this supposed “new class” of manufactured home (or “MH Advantage” homes for that matter)?  For more than a decade, Fannie and Freddie have refused to provide any type of DTS support for mainstream manufactured housing personal property loans, citing a lack of “performance data” to justify entry into that market. So, if the availability of “performance data” is thus a prerequisite for market support from Fannie and Freddie under DTS, what type of “performance data” do Fannie or Freddie have for an entirely “new class” of home?

 

Assuming that the meaning of “new” hasn’t changed recently, “new” means “not done before.” And, if “new” still means “new,” then it also means, by definition, that there is no pre-existing loan performance data for that “new” class of home – because it’s … well … “new.” So, for the 80% of the existing, mainstream manufactured housing market financed through chattel loans, no performance data means no DTS support. It means not even a measly “pilot program” after 11 years. But for a “new” class of higher-cost home, being pursued by just a few of the industry’s largest conglomerates (if that many), no performance data means a ticket to instant Fannie and Freddie support – even though there is not one word about a “new class” of manufactured homes or a pilot program for a “new class” of manufactured homes in the DTS implementation plans filed by Fannie and Freddie and approved by FHFA in 2018.  And all of this comes to you courtesy of the same people who nearly crashed the world economy by backstopping trillions of dollars in “subprime” loans on homes that borrowers could not legitimately afford.

 

The reality is that DTS is in the process of being “hijacked” by special interests. It is being diverted from its primary, essential and crucial mission with regard to manufactured housing – to expand the availability of consumer loans for mainstream manufactured housing; to bring more lenders into the market; and to lower the (interest) cost of mainstream manufactured home consumer loans through increased competition and risk reduction for lenders. Fannie and Freddie’s treatment and botched implementation of DTS is an ongoing farce for the industry and an ongoing tragedy for lower and moderate-income Americans who simply wish to purchase a home of their own, but continue to be subjected to flat-out discrimination, in open defiance of Congress and with a knowing, and apparently intentional pass from FHFA. The time has come, therefore, for Congress to re-involve itself in this matter, to conduct a thorough and probing investigation of DTS with respect to manufactured housing, and see to it that the DTS directive is enforced and implemented now, not “honored” in the breach.

 

Mark Weiss

 

MHARR is a Washington, D.C.-based national trade association representing the views
and interests of independent producers of federally-regulated manufactured housing.

 

— ## —

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNews

 

Disclosure

Stating the obvious, let’s nevertheless note as a disclosure that MHARR is a banner advertiser, thus a sponsor of this publication. That noted, Berkshire Hathaway subsidiaries – Clayton Homes, 21st Mortgage Corporation – and the Manufactured Housing Institute (MHI) were also banner advertisers/sponsors of this site – which is the industry’s largest and most read manufactured home trade media by far. Our fact-checks of MHI, et al began while they were advertisers. Our fact-checks began years before MHARR became a sponsor.  Therefore, we have a clearly established record of covering matters as we see them.

It must also be noted that while we were doing such fact-checks and analysis, that MHI’s elected and staff leaders were publicly praising MHProNews.

 

 

 

TimWilliams21stMortgagePublicationDailyBusinessNewsMHProNewsMHLivingNews

HowardWalkerEmergenceOfTonyKovachsPublicationsProfessionalsFilledVacuumDailyBusinessNewsMHProNews

 

Our publisher – L. A. ‘Tony’ Kovach – has also stated several times in ‘digital print’ that in hindsight, he now sees the disconnects.  For example, there was Warren Buffett’s very public support of candidates who signed into law and worked to protect from any changes the Dodd-Frank legislation that gave birth to the Consumer Financial Protection Bureau (CFPB). Meanwhile, Clayton Homes, 21st Mortgage, other Berkshire Hathaway brands, and MHI all spent years and millions of dollars ‘opposing,’ lobbying, and fighting to modify. A detailed review of that ‘Rope-a-Dope’ is linked here. That fact-check and analysis includes this following stunning admission by a former MHI SVP who could not have been clearer. The years of efforts that lied ahead were a waste of time and money.

 

JasonBoehlertManufacturedHousingInstituteSeniorVPLogoMHIlogoQuoteMHProNews

WarrenBuffettPhotoPresidentBarackObamaPhotoMemeCartoonManufacturedHousingIndustryMHProNews

Satirical cartoons can illustrate meaningful points.

WarrenBuffettPresidentBarackObamaPhotoMemeManufacturedHousingIndustryMHProNews

 

The Common Threads?

The common thread between DTS and the never-enacted Preserving Access to Manufactured Housing Act are access to financing. Our publisher stressed that the principle behind Preserving Access – or DTS – are fine. In the case of Preserving Access, while it was a ‘good idea,’ it was also all but guaranteed to fail. There was no practical logic in pursuing it.

What has been occurring with DTS is similar. So Weiss’ points are timely.

An MHI-only member connected source that’s worked with the GSEs has told MHProNews that part of what caused Fannie and Freddie from not implementing DTS in the aftermath of the passage of the Housing and Economic Recovery Act (HERA) 2008 was the relatively poor performance of 21st Mortgage Cop and Vanderbilt Mortgage and Finance (VMF) lending.

Now, given the mainstream housing mortgage/credit meltdown, that ‘relatively poor’ has to be considered in the broader context.  After all, lending did return to conventional housing, despite the scandals that occurred.  Manufactured homes had negligible impact on the 2008 housing/mortgage crisis that trigged the so-called ‘great recession’ that rippled through the world’s economy.

As a former MHI connected executive has said, manufactured home lending and past losses were a “pimple on an elephant’s ass” compared to what happened with conventional housing.

 

“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Lending

 

Let’s recall that the 2008 housing/mortgage crisis was not the first such event.  The S&L crisis was smaller by comparison, but had an estimated $160 billion finance impact.

 

SavingsLoansCrisisWikiDailyBusinessNewsMHproNews

 

Within that context, what’s noteworthy is that per various sources, Berkshire owned lenders de facto helped derail the use of DTS early after its passage and were a source of an excusing DTS now on virtually all but this new class of homes.

21st, Clayton, and Warren Buffett de facto revealed their responsibility for their harmful impact on manufactured home lending which caused thousands of retailers and some producers to go out of business.

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

That in turn also arguably kept lending from flowing back into the manufactured housing space.

 

DTS Manufactured Home Lending Committee Member Says MHI in “Unholy Alliance” to Divert Needed GSE Support Away from Manufactured Housing

 

The aftermath and outcomes were many. These incidents contributed to the tidal shift that hit not only manufactured home retailers, but also communities, occupancy, and thus their values were impaired too.

 

Manufactured Home Community Case Study, UMH Properties, Lessons for Independent Community Owners, Investors

 

There is also an element of self-fulfilling prophecy in this matter. A lack of lending naturally harms resale values of manufactured homes, much like it did with conventional housing during the housing/mortgage crisis.

Furthermore, as was reported last year, it was the Federal Housing Finance Agency (FHFA) that said that manufactured homes demonstrably appreciated in value. Given the various ways that lending to manufactured homes have purportedly been artificially limited, that factoid is a pleasant surprise.

It should be noted that virtually all of what Weiss has recounted occurred prior to the Mark Calabria becoming Director of the FHFA.

 

MHARRMarkWeissIfCongressHadMeanttheDutytoServeToBeOptionItWouldNotHaveCalledItADutyDefintionofDutyIsMandatoryResponsibilityDailyBusinessNewsMHProNews

 

In a previous comment to MHProNews, Weiss made the previous statements above and below about Duty to Serve (DTS).

 

MarkWeissDTSQuoteManufacturedHousingAssocRegulatoryReformMHARRDailyBusinessNewsMHproNews

Additional points that bears mention is that the GSEs have been sponsoring MHI events. How is that not a conflict of interest?

 

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 worked with Clayton Homes and MHI to create a so-called ‘new class’ of manufactured homes, per sources.

 

Furthermore, well prior the Calabria era beginning and before the new Congress being seated in 2019, Jeb Hensarling pointed to what he felt was improper lobbying by GSEs. One of several possible references to that is linked via the text-image box below.

 

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

 

 

Conclusions

There is a quilt-work of items that are causing the slowdown and underperformance of manufactured housing. Financing must rank high on that list, for the reasons noted herein.

But at the core of these concerns ought to be the common threads.

  • Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and Finance, and Berkshire Hathaway have their finger prints on these matters.
  • Clayton and their related Berkshire lenders has been spotlighted by several Democratic lawmakers, including 2020 presidential hopefuls.

 

Senate Democrats – Including 2020 Presidential Contenders – Ask CFPB Protect Consumers Against Predatory Lenders — Point Finger at Clayton Homes, Berkshire Hathaway Lending

 

  • The Manufactured Housing Institute (MHI) held closed door meetings with the GSEs, that none of the parties involved have released meeting minutes on.  They should be part of any Congressional or other investigation.
  • The Seattle Times, and Clayton’s hometown local news media – besides MHProNews – has reported on numerous federal investigations relative to Clayton that purported involve MHI connections.

 

 

 

One of the posted comments on the video above, from ‘Tobz4uhuni ItsMyName’ posted this, with typos in the original:

Clayton aka Vanderbilt is a horrible place. I have been in mine since 07. They placed it on the wrong land and it sets off by 3 acres. They know they did this and refuses to move it and correct the problem. They also have been offered a deed to the piece of land where it sits providing they quit claim the other piece of land that sits 3 acrea off and they refuse to move. Yet these unethical people, predators, illegal subhumans expect for me to pay for this mobile home when it isnt attached to the acre its suppose to. It sits on someone elses land and he will be moving it soon bc he is building a home where the mobile home sits. Clayton can make it right, but refuses. Plus they sell someone whose credit scores are 500 and 525 mobile homes with a price tag of 63k, an interest rate of 10.5% and make only 9 dollars an hr. Make complaints with your attorney generals office, the state of Tennessees attorneys office and the consumer protection bureaus office. These people need to be stopped.”

These may well rise to the level that merit Congressional investigation, but also Department of Justice (DoJ) investigation.  In a recent statement, DoJ’s top antirust person made statements that if applied to Clayton et al could be seen as a warning sign. See the link here, and the related reports, further below.

RememberThisQuoteIrPrettyPicturesMHIndustryWillOnlyAchieveItsGoalsByResovingItsCoreIssuesLATonyKovachMHProNews

That’s today’s second episode of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments or Letter to Editor in the subject line.

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Shocking, True State of the Manufactured Housing Industry, plus Solutions for Profitable, Sustainable Growth – May 2019

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

 

 

 

 

 

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


City Ponders “Mobile Housing Units,” to Address “Affordable Housing Shortage,” Citizen Reaction

June 13th, 2019 No comments
CityPondersMobileHousingUnitsAddressAffordableHousingShortageCitizenReactionManufacturedHousingMHProNews

Photo of manufactured home from the same city, posted on a local real estate MLS.

Union Springs is located in Alabama. According to Wikipedia, Union Springs is a city in and county seat of Bullock County, Alabama, United States. The population was 3,980 at the 2010 census.”  The population, per at least two online sources, appears to be trending down. “Total Population: 3,785,” in 2018, per Suburban Stats. 

 

 

The Census Reporter estimates the town at 3640.

Google maps says it is about a 50-minute drive into Montgomery, AL, which is 45 miles away by the more direct route.

 

UnionSpringsALMapMontgomeryALDailyBusinessNewsMHProNews

 

Alabama is one of the top 10 states in the U.S. for the production and sales of new manufactured homes.

Bearing those points in mind as a brief introduction, let’s dive into a letter to the editor of the Union Springs Herald, found at this link here and reproduced below.  A collage of their header is reproduced, along with the letter, under fair use guidelines for media.  It will be followed by commentary and analysis.

 

UnionSpringsHeraldDailyBusinessNewsMobileManufacturedHomesMHProNews2019-06-13_0902

Dear Editor:

I recently attended a public hearing assembly held by the Union Springs planning commission and I was dismayed by the number of requests to install mobile housing units within the city limits. Union Springs has an affordable housing shortage and providing a means to relieve this problem is needed. However, it seems as if these mobile units will be squeezed into any available space with little regard to the impact they will have on their neighbors. One proposal was to bring in a minimum of four to six mobile units on 5 acres of land on Industrial Park Rd. This sounds like someone is interested in building a trailer park.

There are other remedies that can be used to relieve our housing issues. Many of the vacant buildings in our downtown would be perfect as condominiums with retail space on the ground level. Centrally located to the major thoroughfares, this would be quite attractive to young singles or newly married couples who cannot afford to live in Pike Road.

An effort to build two or three-bedroom single family homes would also attract families with children or elderly parents for the same reasons.

One indicator of neighborhood stability and viability is the number of owner-occupied homes in the area. If the City of Union Springs wants to attract high paying jobs and reduce the number of residents who move out looking for modern homes and conveniences, then we need to encourage building single family homes vs. mobile homes.

When I use our highways to travel to the surrounding cities, I am awed by the newly built homes that dot the countryside. Let us not limit ourselves to a vision of who we will be in the future by who we are now. If someone can afford to rent, they can afford to buy. There are many programs which will educate and assist renters into becoming buyers.

Finally, let us consider the age and code requirements of these proposed mobile units before granting approval. Do these older units meet the current standards of insurability? Changes to existing structures must meet current building standards; the same should be required for new mobile units.

Darlene McGaw

 

CherylMcGawJoinsHousingCommissionUnionSpringsHeraldManufacturedHOusingMHProNews

 

In the same newspaper last year, I am a Highly Qualified History teacher,” in announcing her campaign for the Plainfield Board of Education, “I am Darlene McGawasking for your prayers, support and your vote on June 05, 2018.” The Union Herald also said that she has a “B.A. in Psychology.” A LinkedIn profile reflects that “Cheryl Darlene McGaw is a Teacher at Plainfield Board of Education.”

Safe to say that she is an intelligent, educated woman who had the confidence to run for public office and to speak her mind openly on civic issues. She has apparently earned a significant level of public confidence.

One might wonder, why hasn’t the Manufactured Housing Institute (MHI), or the state association responded to this letter to the editor?

We waited about 19 hours, nothing.  Yet, MHI has a full-time public relations person.

In another letter to the editor in Buffalo, New York that MHProNews did a detailed analysis on yesterday, has since had one posted response as of this morning. The letter and a video with others that feel similarly is found at this link here, or by clicking the text-image box below.

 

Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

 

Here below is the lone posted comment to that recent letter and prior video commentary by Gail Travers. The typos that follow are in the original. Reminder to new readers, often MHProNews takes direct quotes and turns the text bold and brown to make it pop, but otherwise does not change the words quoted.

 

Linda Tower
keep fighting to keep scum like these peple under control we wanted to buy there but because of the situation with this company there we changed our minds i feel so bad for the residents there i hope N.Y. will do the right thing and give these folks a worry free nights sleep and place heavey restrictions on these investors rather fron out of town or here if the folks there dont win this battle where would many of them go its shameful

 

In fairness to the ‘Linda Tower,’ there are times that comments posted by smart phone can result in some ‘fat finger’ errors. That noted, Tower’s comments, Travers’ and that of Ms. McGaw are indicative of the way that much of the public reacts to manufactured housing.  It helps explains why the Zillow research below reflects the point that only 8 percent of housing seekers even admit to considering a manufactured home.

Zillow2016HomeBuyersSurveyManufacturedHousingIndustryDailyBusinessNewsMHProNews

Only 8 percent of housing shoppers considered a mobile or manufactured home, and many of those did not buy one. That’s both a challenge, but also an opportunity in disguise for those who have a sales and marketing system that deals with that reality.

 

Thousands of manufactured home professionals know better. But let’s be candid. There are also scores who work in our industry that believe similarly. The level of true ‘education’ in the industry is pitiable.

These kinds of public comments – or industry realities, in numbers of cases – are educational and public relations issue, not just a marketing challenge. That’s why speeches and addresses like HUD Secretary Carson’s, prior HUD Secretary Julian Castro’s comments are useful.  But only to the degree that they are made know.

 

 

Last week, in under 400 words, the case was made that “Enhanced Preemption” must be a mantra of HUD and MHI.  It has already been promoted for years by MHARR, and our publications.  See the report, via the linked text-image box below.

 

Manufactured Housing Professionals, HUD Secretary Ben Carson, Must Promote These Two Words

 

The proper application of “enhanced preemption” would make local opposition moot. The combination of enhanced preemption and articles like the one below would ease the fear that so many fear that property values will be diminished. HUD and other third party research demonstrates that is not the case.

 

FearASolutionToAffordableHousingCrisisAndManufacturedHousingDilemmaManufacturedHomeLivingNews600x315a

The article cites numerous third party research that debunks several concerns that McGaw and millions of others have been led to mistakenly believe. https://www.manufacturedhomelivingnews.com/fear-a-solution-to-the-affordable-housing-crisis-and-the-manufactured-home-dilemma/

 

Union Springs isn’t Seattle or Los Angeles. But which is worse?  Tents or people living in cardboard boxes living outside of your housing unit? Or is it to have a properly installed manufactured home next door? Which will help or harm housing value more?

 

 

There has been reams of nonprofit and university level research for over 2 decades to debunk the vast majority of the public’s concerns, based upon facts, third party research, unpaid expert or home owners statements. Why is so little or none of it on MHI’s website? Why is it that some that MHI promoted before is now missing?

 

TerryDecioSkylineChampionHomesPhotoQuoteImTiredofManufacturedHousingbeingBestKeptSecretReadyHelpHouseAmericaDailyBusinessNewsMHProNews

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

Why did Belsky miss his predicted date? See that ‘smoking gun’ report, linked here. See too what the John Oliver video background research revealed

 

More. on these and other industry focused topics soon. See the related reports for more.

That’s this morning’s first installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments or Letter to Editor in the subject line.

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Pushing Back Against NIMBYism, HUD Secretary Ben Carson, NAHB Innovative Housing Showcase, Schedule

FHFA’s Mark Calabria, Ph.D., Address at HUD, NAHB’s Innovative Housing Showcase

Positive Congressional Reactions – Innovative Housing Showcase, HUD, MHEC, MHI, and Other Insights

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

 

 

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


“Have…Giants…Stifled Competition,” Antitrust Battle Lines in D.C., plus Manufactured Home Market Updates

June 12th, 2019 No comments

CNNmone6.12.2019ManufacturedHomeStocksMarketsReportsMHProNewsFor the relatively small numbers in MHVille that follow only other manufactured housing industry trade media, not this platform, they would be almost completely in the dark about the forming battle lines about bipartisan antitrust concerns.  While the various political voices may have differing approaches or solutions, they nevertheless broadly are starting to agree that stifling competition is harming almost every aspect of American economic life.  So, of course it stands to reason that it impacts manufactured housing too.  Some mainstream coverage, and talking points from the DOJ’s top antitrust watchdog, will be our focus this evening.

Pay close attention to the left-right headlines on CNN  and Fox Business this evening, which makes clear that this drum beat of antitrust is not to be taken lightly by investors.

 

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

 

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

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

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

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

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

 

CNN Business

  • Big Tech crackdown could blow up your portfolio
  • Antitrust lawsuits against Facebook and others could be costly to investors
  • Facebook disputes WSJ report about Mark Zuckerberg and ‘problematic privacy practices’
  • Top tech execs warn that breaking their companies up will make problems worse
  • LIVE UPDATES Stocks close lower for second day in a row
  • Investors think a rate cut is coming. But the Fed might disappoint, strategist says
  • Birchbox wants Walgreens to help it reach the everyday consumer
  • CrowdStrike soars in public debut
  • SpaceX launches satellites for the Canadian government
  • Whistleblowers’ rights could be at risk under Trump’s new labor board
  • Uber unveils its vision of flying taxis
  • Tiger Woods’ comeback is great for the golf business
  • Bentley’s new Flying Spur sedan can go 207 miles per hour
  • Tim Hortons will start selling Beyond Meat sandwiches across Canada
  • Fake videos are a threat to the 2020 US election. This could stop them
  • Why it’s getting harder to spot a deepfake video
  • Will Facebook remove a fake video of its own CEO?
  • The US government is racing to fight deepfake
  • What is a deepfake, explained
  • Gas prices could fall below $2 a gallon for many Americans
  • The US oil boom is making history
  • America’s CFOs are bracing for a recession
  • This is why America’s travel business is worried
  • The US economy is about to break a record. These 11 charts show why

Fox Business

  • J&J, Colgate talc powder lawsuit: Firms ordered to pay nearly $10M
  • Bernie Sanders defends democratic socialism in key speech
  • Ford recalls 1.2M Explorer SUVs for suspension issue that could lead to crash
  • Stocks lower on trade worries, interest rate concerns
  • Facebook emails show CEO Mark Zuckerberg potentially knew about privacy issues, report says
  • Kohl’s to close all Off/Aisle discount stores
  • Companies with the best 401(k) plans, from Chick-fil-A to United Airlines
  • Connecticut Democrats to raise taxes on these items
  • Baby boomers aren’t to blame for Social Security troubles, study suggests
  • High-tax states dealt SALT workaround blow, but these strategies are still viable
  • Huawei urges Verizon to pay fees on over 200 patents
  • This is how Americans spend their money based on their education level
  • What is Julian Castro’s net worth?
  • Harvard offers $12K class for wealthy millennials to learn to invest for good
  • Are we heading into a recession? Some CFOs think it could happen soon
  • United Technologies CEO explains why Boston is key for new aerospace giant
  • George Papadopoulos: Undercover FBI wiretaps will exonerate me
  • Trish Regan: Did the FBI possibly entrap a Trump campaign aide?
  • 2019 ‘Pig Book’ finds government’s pork addiction getting worse
  • Mexico tariffs averted, USMCA back in bullseye
  • The Moon is a waypoint, Mars is the real destination: NASA Administrator
  • The key lifestyle changes to prevent chronic illnesses
  • Joe Biden changes his stance on China

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

9MarketIndicatorsYahooFinance6.12.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

HaveGiantsStifledCompetitionAntitrustBattleLinesDCplusManufacturedHousingMarketUpdates

Still from video, posted below.

Investors, look at which firms you are invested in.

Buckle up, because even though this promises to be a multiple year battle, it is one that per a range of mainstream sources is forming over antitrust concerns.

While they are talking about big tech for the most part, some of the allegations being made against big tech apply arguably just as much to Clayton Homes, and perhaps others that are Manufactured Housing Institute (MHI) members. 

The first video is from left of center CBS News. Let’s not forget that Berkshire Hathaway and Amazon have roughly a billion dollars’ worth of stock connections, per BRK’s recent statement. Furthermore, Amazon has entered the prefab industry.  Last for now, but not least, the control that big tech wields over information is not to be overlooked as it impacts manufactured housing and all other news day-by-day.

 

 

 

Per Right of Center Fox News…

Read this carefully, and ponder ‘Berkshire’ instead of big tech.  Doesn’t the phrasing similarly fit?

The Justice Department’s assistant attorney general highlighted the antitrust case against Silicon Valley’s major players during a Tuesday speech.

Makan Delrahim described a range of possible arguments against tech companies as his office takes the lead in probing Google and, possibly, Apple. Separately, the Federal Trade Commission is overseeing inquiries into possible antitrust practices of Facebook and Amazon.

Recall that MHProNews previously spotlighted Delrahim’s “November Rain” address. For that related address, see the link below.

 

“November Rain” – DoJ’s Top Antitrust Cop – Assistant Attorney General Makan Delrahim ABA Speech on Antitrust Enforcement for Americans

 

Makan Delrahim said the Justice Department takes a much broader view.

The Antitrust Division does not take a myopic view of competition. Many recent calls for antitrust reform, or more radical change, are premised on the incorrect notion that antitrust policy is only concerned with keeping prices low,” he said in his speech at the Antitrust New Frontiers Conference. “It is well-settled, however, that competition has price and non-price dimensions.”

Besides price, “diminished quality” is a factor the Justice Department would consider.

As an example, privacy can be an important dimension of quality. By protecting competition, we can have an impact on privacy and data protection. Moreover, two companies can compete to expand privacy protections for products or services, or for greater openness and free speech on platforms,” Delrahim said.

 

Exclusive Agreements

Delrahim said the Antitrust Division has a history of investigating “exclusive conduct” under Sections 1 and 2 of the Sherman Act.

“[Exclusivity agreements] also can be anticompetitive, however, where a dominant firm uses exclusive dealing to prevent entry or diminish the ability of rivals to achieve necessary scale, thereby substantially foreclosing competition,” he said. “This is true in digital markets as well.

MHProNews sources in Washington say that our industry’s antitrust concerns have been raised at the highest levels’ of the Department of Justice’s antitrust division.  DoJ is officially mute on the topic at this time.

An MHI connected source, with no ties to MHARR, has told MHProNews that Berkshire Hathaway has shaken up its antitrust legal team.  The indications?  Per that informed source, they are preparing for an antitrust action.

Investors: don’t get caught in a Cavco Industries style surprise.  While the report below doesn’t mention antitrust, keep in mind that the Seattle Times reported several federal investigations are underway. Think of the following as the tip of an iceberg, and consider it in the context of the DoJ statements above and linked.

 

DougRyanAmericanBankerManufacturedHousingMonopoly-postedDailyBusinessNewsManufacturedHousingIndustryProNews-575x237

While MHI’s SVP Lesli Gooch has denied the charge, Doug Ryan at CFED, and long time MHI member, George Allen, are among those who’ve raised the issue of monopolistic practices by MHI. So, while MHProNews has led the charge, ours is far from the only voice.

In reading the above, consider the report on Clayton, 21st, and Berkshire Hathaway, in the report, documents, video and other evidence, linked below. 

Related Reports:

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

Smoking Gun?!? In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

Cavco Industries Investigated Anew for Violations of Federal Securities Laws, plus Manufactured Home Industry Stock Updates

 

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

YahooFinanceManufacturedHousingIndustryConnectedStocks6122019dailyBusinessNewsMHProNews

Updated:

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


Ongoing MH Headwinds – Angry Manufactured Home Residents, Understanding the Manufactured Housing Industry Dilemma Through Their Eyes

June 12th, 2019 No comments

 

HeadwindsAngryManufacturedHomeResidentsUnderstandingManufacturedHousingDilemmaThroughTheirEyesNYStateAssemblyGailTraversTrusteeAkronMobileHomeParkMHProNews

Still from NY State video, posted further below. The problem that Gail Travers describes exists in a number of states, as serious and objective observers know. The challenge, insights, analysis, and solutions follow.

HUD Secretary Ben Carson has been promoting manufactured homes as a sustainable private-sector element to the affordable housing crisis since early in his tenure at the Department of Housing and Urban Development (HUD).

 

That acknowledged and saluted, as much as Secretary Carson has been striving to do, his factually grounded theme is largely drowned out by a variety of other voices.

 

Among them?  The angry resident who lives in a pre-HUD Code mobile home, or in a manufactured home built on or after the date that the HUD Code construction and safety standards went into effect on June 15, 1976.

Those angry residents often misuse terminology, much the same as other Americans or much of the mainstream media does.

 

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

You must meet people where they are. Terminology must be taught and caught. Make a habit of using the correct terminology.

 

With that backdrop, there is no denying that the problem that Gail Travers, a resident and ‘trustee’ in Akron, New York’s “Akron Mobile Home Park Tenants Association” exists in numerous U.S. markets.

As you read this letter below from Ms. Travers, imagine that you have been considering buying a manufactured home. How excited would you read her letter, would you still be ask excited about making that same decision?

The letter is presented neither to either endorse or debate her contention.  There is plenty of evidence for her claim. As our analysis which follows will reflect, our biggest point of departure with Ms. Travers and the thousands of others like her in numous states is the proposed solutions that many such voices advances in the face of the very real and painful challenges they share.

With that backdrop, here is her letter to the editor of the Buffalo News.

 

LetterMobileHomeResidentsNeedProtectionsFromPredatorsBuffaloNewsGayleTraversAkronNYManufacturedHomeIndustryMHProNews

 

I read with interest the May 21 editorial: “NYC Rent Laws Unneeded Here.” New Yorkers throughout the state need safe, affordable housing, like elsewhere across the country.

The people of New York State fear monied investors are stealing our communities and future. We want our legislators to enact laws to protect the decent, affordable housing options that remain. And it is not just in cities.

Look at what is happening to mobile home parks – the largest segment of affordable housing in the country. Parks are being purchased by out of state investors with little interest in the area. Corporate investors like Sunrise Capital from Clearwater, Fla. (who bought Akron Mobile Home Park in Akron in late 2017) are snapping up parks, raising rents, and disrupting the well-being of life for the people who live there, most of them on fixed incomes. Now Sunrise has purchased another park in Lockport and is attempting to do the same as they have tried to do in Akron.

Mobile home owners who rent the land on which their homes sit need protections from these predators, as do apartment renters elsewhere.

This sentence from the editorial is interesting: “There are affordable housing options here, not on every block, but enough that most working people can find a place to live.” Shouldn’t ALL people have a place to live? We need safe, affordable housing free from exploitation. If our legislators are listening to their constituents, they will vote for protections.

Gail Travers, Trustee in Akron Mobile Home Park Tenants Association
Akron

End of Buffalo News letter to editor by Gail Travers.

 

Even a quick Google search reveals that Ms. Travers has been active in engaging the media and legislators. 

For example. You can see Travers’ testimony before the NY State Assembly hearing, starting about the 24:32 time mark, and ending about the 28:42 time mark.

 

 

It must be noted that other manufactured home community residents are also sharing similar stories in that same video, posted above. So for those who are not familiar with this issue, viewing more of this video is sobering. It paints the picture that her letter to the Buffalo News stated.

It may bear mention that Stacey White, noted on the NY State Assembly website as “a leader at MHAction,” also testified at this same session.  Certainly, some of the talking points that Ms. Travers used are like those raised by MHAction in their white paper, videos, talking points, etc.  The letter from the Democratic chair of the committee that held these hearings is linked here as a download.

 

Rent Control?

Rent control is one of the notions commonly floated as a ‘solution’ to such problems as Travers recounts.  But that has been passed in other jurisdictions, and it has routinely proven to not work as it was believed it might. Who said? Another resident activist in Delaware, that said as much, in a statement found in the report linked here.

Rent control, regardless of who promotes it, fails as badly as wage-price controls did when the late President Richard Nixon (GOP) promoted that ploy during his demonstration, and he watched that fail. The free market routinely works better than a command and control economy, so long as the free market isn’t badly distorted.  For those who doubt that, just look at communist-run China, were virtually empty, nearly new high-rise housing buildings stand.  Rent control, as several linked reports further below reveal, simply doesn’t work as its proponents claim.

Indeed, what is occurring is a distortion of the free market, that’s why this problem that Travers describes exists. The good news? Secretary Carson – should he opt to do so – holds in his hands the key that could unlock the solution to this vexing issue.

 

Corporations and Local Officials Distorting the Free Market, and What Secretary Carson Could Do

Secretary Carson is quite right when he repeated said in recent weeks that the heart of the problem for housing is found in increasing the supply of affordable homes. When more affordable housing options exist, then the increasing spike in prices will begin to abate.

Besides Secretary Carson, who else has said as much?  How about Lawrence Yun, Ph.D., Chief Economist for the National Association of Realtors (NAR). Writing in Forbes, Yun said the following.

 

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

Collage by MHProNews.

 

But he did more than just say that, per our sources, it was Dr. Yun who encouraged the study of manufactured housing by NAR’s Scholastica ‘Gay’ Cororaton, Certified Business Economist (CBE).

Cororaton made a similar claim to Secretary Carson’s claim of the ‘resilience’ of manufactured homes, as the quote/graphic below reflects.  It bears mention that her 2018 research cited our publisher, L. A. ‘Tony’ Kovach and MHARR’s President and CEO, Mark Weiss, JD, in her first footnote on page 48.  See her insightful research, linked here.

 

CompareMobileHomeTrailersPastManufacturedHomesSaferMoreDurableQuoteScholasticaGayCororationPhotoSmallPercentageDamagedDuringHUrricanesMHProNews

 

The facts that Carson and Cororaton touted complement each other to a significant degree.

But that is not the message that the vast majority of Americans are getting about manufactured homes, because of the image-plagued ‘mobile home parks’ (SIC).  It is from such land-lease communities where millions of pre-HUD Code mobile homes and post-HUD Code manufactured homes are found. 

It is from such land-lease communities where a significant number of ‘bad news’ stories originate.  Note the screen capture from Google news, below, that makes the point.

 

MobileHomesNewsGoogleSearchDailyBusinessNewsMHProNews

The bulk of these stories are from manufactured home land-lease communities, a.k.a. mobile home parks. Street retailers and HUD Code home producers, take note. This impacts you as much as it does community owners.

 

It is arguably from ‘black hat’ operations that Travers and others understandably complain about that are causing significant levels of the blowback that manufactured home (MH) living experiences.

On the one hand, we respect the right of Travers and others to organize and ‘fight back.’ But the reality is that some of what they do arguably undermines their own economic position.  More on that another time, because what the focus should be is how can the issues they raise best be addressed?

Let’s look.

 

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

 

Manufactured Home Residents, MH Investor Reality Checks

If an investor came into a community like Akron, paid a lot to buy what is a commercial property, and then tried to aggressively hike site fees (lot rents), what options does someone like Travers have today?  In her area, and many others, the choices may be very limited.

But if ‘enhanced preemption’ were being aggressively promoted, and/or new communities were coming on-line, the dynamic would shift.

This is what is missing from Secretary Carson’s pro-manufactured home dialogue.  Our sources at HUD, the fact that HUD officials asked about this question declined comment, and the utter lack of any mention of the words “enhanced preemption” on the Manufactured Housing Institute (MHI) website all suggest that the good doctor has been kept in the dark on this subject.

That begs the question, why?

That should also beg the question, why doesn’t the Manufactured Housing Institute (MHI) have that critically valuable phrase on their website? 

 

MHIlogoManufacturedHousingInstitutelogoEnhancedPreemptionNoResults2019-06-12_1203MHProNews

The fact that MHI keeps reportedly nudging Allen into distractions away from the central issues that are harming the industry is itself revealing. Listen to what pro-MHI voices like that say, but consider the opposite. It will often be closer to the truth. Note, Allen calling MHI a monopoly, and blaming MHI members for the problems caused by consolidation are below.

ManufacturedHousingIndustryMonopoly-Oligarchy-GeorgeAllen-PostedDailyBusinessNews

Allen, in the quotes above, is de facto pointing to positions that MHARR correctly took, but that MHI took the wrong stance. The purported choice of Richard ‘Dick’ Jennison, who is said to be communicating with Allen, of him as their surrogate is almost comical, because of Allen’s history of attacking the Arlington, VA based trade group. He’s not a credible surrogate.

GeorgeFAllenCommunityInvestorEducateMHCSECOcoba7MonopolyConsolidationClaytonHomes21stMortgageBerkshireHathawayQuotesManufacturedHomesCommunitiesMHproNews

You can’t make this stuff up. Allen blasted MHI, but was reportedly recruited by Richard ‘Dick’ Jennison for being their surrogate and attack dog. But when his bark or ‘roar’ are examined, there is no bite behind it. Allen contradicted MHI’s new stances several times, publicly, and has never explained his flip flops. Per sources, he is rewarded for his attack dog role.

 

Or why doesn’t the MHInsider – who along with brown-noser George F. Allen – who purportedly routinely regurgitate whatever their overlords in Arlington, VA desire – lack the words on their ‘professional’ blog?

 

DarrenKrolewskiPraisingMHProNewsDailyBusinessNewsMHProNews

 

By contrast, facts, problem, and solution oriented Manufactured Housing Association for Regulatory Reform has numerous articles on the topic of Enhanced Preemption.

 

ManufacturedHousingAssociationRegulatoryReformMHARREnhancedPreemptionDailyBusinessNewsMHProNews

Some pundits, such as blogger George F. (F?) Allen have attempted to mischaracterize the work of MHI and MHARR. MHI clearly says of themselves that they represent “all segments of factory built housing,” that means retail, communities, lenders, suppliers and the like, not just producers. By contrast, MHARR clearly says that their focus is on the interests of the producers of HUD Code manufactured homes. So while MHARR has an indirect interest in lending, communities, or retail, that is not their mission. That said, MHARR members and leaders have voted to support the establishment of new post-production groups that would faithfully represent the interests of retailers, communities, and other segments of the industry. Allen’s characterization is arguably false, erroneous, or deliberately misleading. What is sadder, perhaps, is that Allen and Spencer Roane claim to represent the interests of communities. If so, why don’t they loudly and proudly call out MHI and Omaha-Knoxville for the ways that they’ve harmed other communities, and independents at large? Why does Allen ignore his own role in the SECO dirty laundry?

 

So too here on MHProNews, or ManufacturedHomeLivingNews. See what the Google search done today reveals.

 

EnhancedPreemptionSearchManufacturedHousingMHProNewsNadaMHIbutMHARRhasit2019-06-12_1227

 

This goes back to the argument that the power players behind MHI are posturing efforts to promote manufactured housing, but do so tepidly. Even brown-noser Allen admitted in a recent post that MHI was essentially dragged into the Innovative Housing Summit (IHS). He downplayed the key role that companies played, and made it look like MHI rose to the occasion, as if to save the day. 

 

ManufacturedHousingInstituteInnovativeHousingSummit2019-06-12_1242DailyBusinessNewsMHProNews

 

If so, why was there so little public media coverage of the event from a manufactured housing perspective?  That’s an acid test.  The rest is window dressing for those who will buy whatever the big boys sell.

 

 

Frank Rolfe…

What MHI member and controversial community investor Frank Rolfe referred to as customers being chained to a Waffle House is apt but ugly description of this current environment.

Investors and resident groups like MHAction, NMHOA, or others talk about that point, each from their own perspective.  They agree, for example, that few move homes, and that the cost of such a move of a mobile/manufactured home can be $5,000

 

But the solution is potentially simple. HUD could begin implementing the solution on short notice. It fits a theme that the Trump Administration has repeated many times.

Enforce the law” on “enhanced preemption.”

HUD has oddly used their power of enhanced preemption only rarely, but it has been used, as the screen capture of the top of letter to a local jurisdiction below reflects.

 

HUDLetterCityRichlandMSEmilyGoodeJenHallMMHAFederalPreemptionofManufacturedHomesFederalEnhancedPreemptionMHIA2000DailyBusinessNewsMHProNews

Letter from MHARR to HUD Secretary Ben Carson, with examples supporting Enhanced Preemption is linked here.

 

What is missing is making that kind of letter from HUD to local jurisdictions a routine.  HUD could rapidly start the fix of problems like those Travers raised, simply by enforcing enhanced preemption routinely.  Doing so would open up new options for current and potential manufactured home buyers.

That’s why MHARR has been promoting it for years, and it is the same reason that MHProNews and MHLivingNews has too.  As a disclaimer, note that our trade media support of enhanced preemption predates any ads from MHARR by several years.  In fact, while our firm was an MHI member, our management was mystified that MHI didn’t push it. So as years of articles reflect, our editorial position has been consistent, unlike the ‘cowardly lion’ Allen – who when asked on the record – has not denied that he’s been rewarded for attacking MHARR, and this pro-growth trade platform.  So, he’s purportedly guilty of doing what he accuses others of doing.  How nice.

State association executives who are MHEC members know about enhanced preemption. The letter above was obtained at the request of a state association. But apparently, the word is out that MHI and the powers that be in MHVille don’t want this discussed.

 

 

MHARR has provided notice to HUD Secretary Carson delivered by FedEx and is documented here.  When carefully read, it reflects the intent of Democrats and other legislators who supported the Manufactured Housing Improvement Act (MHIA) in 2000.

The evidence in favor of enhanced preemption is compelling.

Which once more begs the question, if MHARR and congressional representatives who were in the mix are promoting the use of enhanced preemption, then why aren’t MHI and the big boys?

The logical answer, based upon the known evidence, is sad and sobering.  The big boys benefit from the current state of affairs, because it allows them to consolidate more of the industry at a discounted price. Because it is subtle, it isn’t obvious.  This fits Buffett’s ‘strategic Moat’ and other mantras. 

 

UnderstandingWarrenBuffettCastleMoatMetaphorsQuotesDailyBusinessNewsMHProNews

Bad news is arguably part of the moat. A lack of good news serves a dastardly use for someone who wants to consolidate the industry too.  Since Buffett-led Berkshire bought Clayton, the industry is actually smaller today than then. How is that possible, during an affordable housing crisis, unless they wanted it to be so?

ManufacturedHousingSHipmentsBloombergQuintFactoryBuiltRebuidRecoveryDailyBusinessNEwsMHproNEws

 

Rephrased, for the big boys, bad news for the industry is paradoxically useful.  How so?  Because it harms marginal players the most.

 

 

That causes businesses to sell out at a discount. 

Some are silent on this trend, because they think they benefit from it. Others are silent out of fear of a loss of their jobs. But some, like Alan Amy call it out for what it is.

 

 

How Enhanced Preemption Would Make the Difference

If new communities were opening, or the Gail Travers of her area had an option to move to another community or to a development homesite, that would act as a competitive check

there have numerous times in our industry’s history that developers and communities paid to move someone in.

What’s missing, in other words, are options for consumers.  Rent control is a band-aid that will likely cause fewer to want to build a community, than the few that already do.

The solution is to encourage the creation of more home sites.

MHARR’s initiative is potentially part of the solution. More on that at this link here

As a total contradiction of his own arguments, Allen admits to the problems of predatory firms, without mentioning that many of these have clear ties to MHI.

 

WeveGotAProblemGeorgeFAllenQuoteCommunityInvestorEducateMHCSECOMobileHomeParkManufacturedHomesMHProNews

But if MHI and the industry’s powers that be truly wanted to solve the dilemma that faces Travers and others, they would have pressed HUD Secretary Carson, or Brian Montgomery at HUD, to ‘enforce the law’ on enhanced preemption.

Since many of the problematic news stories that are reported in the mainstream media are about issues related to the concerns raised by those like Ms. Travers, logically, the number of ‘bad news’ headwinds would abate as more options would come online.  ICYMI, or need a referesher, see the article linked from the text-image box below.

 

Spreading City Ban on Individual Lot Placements Threatens Independently Owned Manufactured Home Communities, Retailers, Residents, and HUD Code Producers

 

Buffett’s Gift to Manufactured Housing Industry, Media Coverage…

Letters and news like the gut-wrenching woes of Gail Travers drive down interest in our industry and sales. To reverse the trends, one must get to and resolve the root issues.

For MHI or state association members with the cojones, don’t forget to write a letter and thank Warren Buffett for contributing via the Novo Foundation to the Tides nonprofit, which in turn supports MHAction. It is MHAction that has been generating more bad media for the industry than MHI claims to generate good media.  Coincidence?

Or is it a coincidence that Berkshire Hathaway owned BH Media Group assets failed to cover IHS2019.

 

WAVY, Mainstream TV – HUD Secretary Ben Carson, Innovative Housing Showcase – Clayton Homes, and Berkshire Hathaway Revelations

 

These are professionals.  MHI has a professional public relations person on staff. What was that PR person doing prior to IHS2019? Why didn’t Kevin Clayton, or Tim Williams at 21st Mortgage Corp, ask Berkshire to have their media assets robustly cover Secretary Carson’s positive comments about manufactured housing?

The pattern is there to see, for those with open minds.

One must wonder if Last Week Tonight with John Oliver’s viral video misnamed “Mobile Homes” would ever have been made without Buffett’s support of MHAction? Oliver shows a screen shot of the MHAction co-branded white paper.

MHActionPrivateEquityGiantsConvergeManufacturedHomesLastWeekTonightJohnOliverMobileHomesVideoStillMHProNews

You build a case, by laying out the evidence, one fact at a time.

 

Whenever you see MHAction at work, are you thinking of Warren Buffett? Of Clayton Homes and 21st Mortgage Corp?

 

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

WarrenBuffettTidesNoVoFoundationMHActionGeorgeSorosManufacturedHomeLivingNews

 

Conclusions – The Solution for Residents and Independents

Without supply and demand coming into better balance, the manufactured home industry is logically heading into a blind alley. Communities will slowly return to capacity, after years of being artificially depressed as evidenced by the documented machinations like the one linked here. When asked, MHI, Clayton, 21st and their attorneys have repeatedly declined comment on those documents.

What happens when existing communities reach capacity?  What impact will that have on independent producers of HUD Code homes that supply communities?

TonyGetsItAlColeOxfordBankTrustManufacturedHousingIndustryDailyBusinessNewsMHProNews

DearTonySoheylaNoGreaterResourceSpeakstoIssuesOpportunitiesWeFaceAsIndependentRetailersGusRodriguezTejasHomesTX

Sure, there will be replacements of older mobile homes or earlier manufactured homes even when a community reaches effective capacity.  But for the long-term health of the industry, and the benefit of consumers, it will require more #HousingChoice for consumers.

Enforce the law, as stated in the Manufactured Housing Improvement Act of 2000.  That must be part of the savvy, long-term mantra of industry professionals, especially independents.  It is on that point that consumer groups and industry independents could come together.

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.

That’s this edition of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments or Letter to Editor in the subject line.

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

“Results vs. Resistance,” Cutting Fog with Facts for MHVille

Tim Sheahan, NMHOA President, Controversial Points of Agreement with Marty Lavin, George Allen on Communities

 

HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

“Cribs with Carson,” Tiny House, Manufactured Homes, Innovative Housing Showcase, National Mall, Washington, D.C. Video Report

Nathan Smith, SSK Communities, From Mobile Home Resident to Manufactured Home Communities Owner, & Manufactured Housing Institute Leader

George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

President Donald J. Trump Visit to Manufactured Home Community, Video, Hurricane Florence Update

MHI SVP Lesli Gooch & MHARR CEO Mark Weiss Bookend New, Prior HUD Controversies

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

George Allen Blasts MHI, NCC Ignoring Own, Spencer Roane, SECO, COBA7, Tom Lackey Controversies

Hundreds of New Manufactured Home Communities Opened, But How Many Have Closed? Industry Research Result$

MH Communities, Owners, MH Independents Alert – NMHOA and MHAction Next Steps? – Part 1

UPDATE: MHC Future in Doubt, the Other Side of Rent Control

 

 

 

 

 

 

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


Time to Say Goodbye, Lessons Learned, What’s Next

June 12th, 2019 No comments
TimeToSayGoodbyeLessonsLearnedWhatsNextSarahBrightmanAndreaBoeceliManufacturedHousingIndustryMHProNews

Still from the video, further below.

People invest in, open or maintain a business with certain goals in mind. Among them is to serve a slice of the public, and for ‘white hat’ operations, to earn a profit honorably in some form or fashion.

 

 

The ways that honest profit can be earned are as many and varied as the imaginations of millions of people in America make possible. Which is why, to a certain extent, the notion of ‘one size fits all’ is an illusion.

It is axiomatic that there are no too people exactly alike. The country singer John Rich posted earlier this week on the Daily Business News on MHProNews will appeal to thousands of readers here, but to some more than others. This duet of Sarah Brightman & Andrea Bocelli, singing their classic “Time to Say Goodbye” (1997) will move some to tears from just listening to it — even if you or they don’t grasp the meaning of the words so passionately performed.

On the time played this morning, about 5:49 AM ET, the video duet has had 44,864,417 views, some 229k ‘thumbs up,’ and only 10k ‘thumbs down.’  

Think about it. Over 44 million views. More on that another time too.

While each of those data points regarding Time to Say Goodbye” has significance, it clearly reflects that far more people are moved by this musical performance than those who are turned off by it. What about you?

What does this have to do with manufactured housing? Nothing; and everything. More on that further below too.

First, listen to and watch if you can this video. Then, following the lyrics, we will do some industry professional related commentary.

 

 

 

 

Sarah Brightman & Andrea Bocelli – Time to Say Goodbye (1997)

According to the YouTube page of axedagobert22, the video posted above was published on Oct 18, 2012. 

The axedagobert22 post explains that “In November 1996, Andrea and Sarah Brightman were invited to perform the duet ‘Time To Say Goodbye (Con Te Partirò)’ at the farewell contest of the German World Light-Heavyweight boxing champion, Henry Maske. A national hero held in unrivaled esteem, he is known for his love of selecting entrance themes to his bouts.  

Sarah Brightman, the internationally renowned soprano and friend of Henry Maske heard ‘Con Te Partirò‘ in a restaurant while dining with her friends. Entranced by the singer and the song, Brightman made contact with Andrea. Andrea and Brightman re-recorded ‘Con Te Partirò‘ as the duet ‘Time To Say Goodbye’ with members of the London Symphony Orchestra.  

This live version is from Brightman’s first full concert recording, “Sarah Brightman: In Concert”, from London’s Royal Albert Hall with the London Symphony Orchestra under the direction of Paul Bateman. Guest artists include Andrew Lloyd Webber, Adam Clark and Andrea Bocelli. The concert was released to video in 1998.

The concert was directed by David Mallet.”

 

The YouTube page doesn’t have the lyrics. But as regular readers know, we strive to provide a complete picture, so we did some digging – curation – and those lyrics are provided below.  The English version is on top, the original Italian is below. 

To better appreciate the richness and meaning, Classic FM provided this insight: In summary: they’re saying goodbye to countries they never saw or shared with each other, but now they are in fact going to go to those countries… except they’re traveling there on ships which don’t exist anymore… so it’s time to say goodbye again.

Hmm. Maybe the lyrics are better appreciated in Italian.”

Here are those lyrics, per the source cited below. 

 

Time To Say Goodbye

 

Time To Say Goodbye

When I am alone

Quando sono solo

 

Dream on the horizon

Sogno all’orizzonte

 

And the words are missing

E mancan le parole

 

Yes I know there is no light

Sì lo so che non c’è luce

 

In a room when the sun is missing

In una stanza quando manca il sole

 

If you’re not with me, with me

Se non ci sei tu con me, con me

 

On the windows

Su le finestre

 

Show everyone my heart

Mostra a tutti il mio cuore

 

That you turned on

Che hai acceso

 

Close inside me

Chiudi dentro me

 

The light that

La luce che

 

You met on the street

Hai incontrato per strada

Time to say goodbye

Time to say goodbye

 

Countries that I never

Paesi che non ho mai

 

Saw and shared with you

Veduto e vissuto con te

 

Now I’ll live them

Adesso si li vivrò

 

I’ll go with you

Con te partirò

 

On ships over seas

Su navi per mari

 

That I know it

Che, io lo so

 

No no they do not exist anymore

No, no, non esistono più

 

It’s time to say goodbye

It’s time to say goodbye

when you are distant

Quando sei lontana

 

Dream on the horizon

Sogno all’orizzonte

 

And the words are missing

E mancan le parole

 

And I do, I know

E io sì, lo so

 

That you are with me, with me

Che sei con me, con me

 

You my moon, you are here with me

Tu mia luna, tu sei qui con me

 

My sun, you are here with me

Mio sole, tu sei qui con me

 

With me, with me, with me

Con me, con me, con me

Time to say goodbye

Time to say goodbye

 

Countries that I never

Paesi che non ho mai

 

Saw and shared with you

Veduto e vissuto con te

 

Now I will live them

Adesso sì li vivrò

 

I’ll go with you

Con te partirò

 

On ships over seas

Su navi per mari

 

That I know it

Che io lo so

 

No no they do not exist anymore

No, no, non esistono più

 

I will relive them with you

Con te io li rivivrò

 

I’ll go with you

Con te partirò

 

On ships over seas

Su navi per mari

 

That I know it

Che, io lo so

 

No no they do not exist anymore

No, no, non esistono più

 

I will relive them with you

Con te io li rivivrò

 

I’ll go with you

Con te partirò

 

Me with you

Io con te

 

Songwriters: Francesco Sartori / Frank Peterson / Lucio Quarantotto

Time To Say Goodbye lyrics © Sony/ATV Music Publishing LLC, Peermusic Publishing, Sugarmusic s.p.a.

—- End of lyrics, credits. —-

 

For those willing to step outside of the box, many things are possible, but none are accomplished without risk, effort, or struggle.

When you entered this field of endeavor, you too had some expectation or vision.  Perhaps that has been encouraged, perhaps it has been dashed, derailed, or shunted down an unexpected track.  You can cry about it, laugh, or dig in and do your best to figure it all out.

Our publisher likes to reflect on the occasion when the late Howard Walker, JD, longtime assistant chairman for Sam Zell’s Equity LifeStyle Properties (ELS), approached him at an MHI meeting, saying with feigned outrage, ‘How dare you bring culture to a manufactured housing industry event?

Those who knew Walker will get it. Those who never met him, might get a glimpse into the man from those few words.

First on MHLivingNews, but later posted on MHProNews, is a very different type of infographic than the one produced by MHI.

Why is it so different? Because one cannot reduce the manufactured housing industry’s varied customers and members without reflecting in some manner the broad range of people who have found appeal in the homes our industry has and continues to produce.

 

UltimateManufacturedHomeHousingInfographicNotMobileHomeTrailerHouseFactoryBuiltHomeIndustryDailyBusienssNewsMHProNews-600

 

Among the manufactured housing retailing firms that Clayton Homes has purchased are those which did factory built as well as on-site built housing. That no doubt fit a broader agenda.

This website isn’t about us, it is about professionals like yourself. Some love rock, others rap. Your customers may listen to music in in their pickup or car that is Spanish or English. Depending on your market, you may have people who speak Farsi at home walking into your establishment.  Or you may have those who speak Mandarin, French, Greek, or a Slavic tongue.  Down under, they may speak English, but their accent is different than ours here in the Colonies.

It pays to have some cultural appreciation and awareness.

It pays to be able to think outside of the box.

Easy doesn’t pay well,” observed John Bostick, Chairman of the Manufactured Housing Association for Regulatory Reform (MHARR), and President and CEO of Sunshine Homes.

Some things can’t be hurried, said Warren Buffett, Chairman of Berkshire Hathaway. On that point, using the principle of separating wheat from chaff, we concur with the man who has hung his hat in Omaha.

 

WarrenBuffettQuoteNowMatterHowGreatTheTalentOrEffortsomeThingsJustTakeTimeYouCantProduceABabyInOneMOthByGettingNineWomenPregnantMHProNews

Colorful? No doubt. One must separate wheat from chaff, with all people, organizations, and things.

 

What music plays in your office? Do you use headsets? Or is it playing audibly, in a manner that others might hear it too?

Does that music connect – or separate – you from others?

The methods of connecting with people are varied. Here or MHProNews, we illustrate and provided content in a full range of ways, because there is a full scope of experiences and potential for connecting.

 

One of our earlier
Inside MH videos…

…still a very relevant interview.

 

Out industry is underperforming. It is almost guaranteed that your location(s) are too.  To some, that is an ‘inexplicable’ downturn, given the affordable housing crisis. But to be honest, figuring out why that downturn exists isn’t too hard for those willing to step outside their comfort zone and seek the truth.

Let’s be clear.  Even our fans or sponsors of MHProNews and MHLivingNews don’t always feel comfortable with something we publish.  That is especially so for those who read here, but aren’t fans of ours at all.  Part of the job of authentic media – be it mainstream or trade journalism – is to challenge people, especially when circumstances demand it.  You can find syrupy cheerleading somewhere else only, but you better take toothpaste, an electric tooth brush, and some dental floss with you.  Because after reading some competing voices for too long, their content might rot your teeth – or turn your mind into mush.

To get beyond underperformance, one logically must begins with understanding. After understanding begins, then one must move on to action plan and begin to execute the necessary steps. In an housing industry that does north of 1.5 trillion dollars a year in sales, there is simply no excuse for doing under $8 billion dollars in total retail last year.  That’s embarrassing. But that means there is tremendous upside. 

 

Time to Say Goodbye…

We are soon going to say goodbye to this version of our MHProNews website. The new version is approaching. There will be road bumps. C’est la vie! That’s life!

Once the new version is up, and the inevitable bugs are tweaked, there will be new manufactured home industry initiatives launched as well as fostered.

Our parent company – LifeStyle Factory Homes, LLC – are planning for the brighter future for the white hats of our industry, because we are true believers.

 

HowardWalkerPhotoELSViceChairmanManufacturedHomeCOmmunitiesManufacturedHousingInstituteExecCommitteeMemberQuoteTransparencyMHProNews

Thoughtful words, worth pondering.

 

There is a need for new events, new business alliances, and new visions that can be achieved instead of the sweet-sounding words found elsewhere, which they write while the industry is shrinking and consolidating during an affordable housing crisis.  Common sense alone tells the doers in our industry that it isn’t weather, or inventory adjustments, or tariffs, or whatever other excuses some peddle.

HUD Secretary Ben Carson has made certain things possible in his efforts before and during the Innovative Housing Showcase (IHS). He’s built on the efforts of other who came before him, but he has also led the way in several laudable efforts.  More on that in the linked related reports, below the byline and notices.

But much more needs to be done, because the HUD Code manufactured home industry is in a downturn during an affordable housing crisis. One might aptly think of this as a ‘manufactured crisis.’

Because a handful of people could snap their fingers, and the manufactured home shipment decline would reverse. Never, ever forget that point.

That point means that those who are scratching their heads must study, understand, plan, and then act.

 

JohnPaulJonesIHaveNotYetBegunToFightWeveOnlyBegunToFightWikiManufacturedHousingIndustryMHProNews

 

Together with people of good will, we plan to take the Time to Say Goodbye, but do so in a manner befitting this classic and moving duet.

More later. Thanks for checking in. Sign up for our industry leading 2x weekly emailed news updates at the link above or below.

 

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.

 

Because for some, the best is yet to come. For others, it’s time to say goodbye to the limited vision, and time to sing a new song of opportunities fraught with the internal and external challenges that lie ahead. That’s what the words carpe diem are for, it is time to seize the day. 

 

WarrenBuffettQuoteIfYouCannotControlYourEmotionsYouCannotControlYourMoneyManufacturedHousingIndustryMHProNews

Does this fit the theme of this post? As they say in Wisconsin, youbetcha.

 

That’s this edition of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments or Letter to Editor in the subject line.

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

“Cribs with Carson,” Tiny House, Manufactured Homes, Innovative Housing Showcase, National Mall, Washington, D.C. Video Report

George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

 

 

 

 

 

 

 

 

 

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


Highlights Of Consumer Financial Protection Bureau Director Kathleen Kraninger’s First Six Months, What’s Next?

June 12th, 2019 No comments

HighlightsConsumerFinancialProtectinBureauDirectorKathleenKathyKraningerDailyBusinessNewsManufacturedHousingMHProNews

Retailers. Communities. Have you noticed how relatively quiet word from the Consumer Financial Protection Bureau (CFPB) has been in the past 6 months?

 

Yesterday, June 11, marked the first six months of Director Kathleen L. Kraninger taking the helm from acting director Mick Mulvaney. 

Mulvaney has since moved on to the role as acting chief of staff for President Donald J. Trump.

The federal agency is still enforcing laws, but is striving – per their statement below – to do so in a more thoughtful manner, where business has a better sense of what it can or can’t do.  That increased certainty should be good for business over the long haul. In the video interview that follows below, she makes it clear that protecting and educating consumers matters to her.

 

KathyKraningerDirectorCosumerFinancialProtectionBureauWikiDailyBusinessNewsMHProNews

 

Here is her most recent, perhaps first, mainstream news video interview on the topics that follow. By the way, this interview with Bloomberg – a left-of-center media outlet – exemplifies a balance that some may not realize can exist in the mainstream.  There are weaponized interviews, ‘fake news,’ and balanced reports.  This is arguably fair and balanced.

 

 

 

The CFPB news release to the Daily Business News on MHProNews will be followed with some additional details about the new director, plus manufactured home industry related material.

 

HighlightsDirectorkraningersFirst6monthsConsumerFinancialProtectionBureauLogoImmediateReleaseMHProNews1

 

WASHINGTON, D.C. – June 11th marks the first six months of Director Kathleen L. Kraninger leading the Consumer Financial Protection Bureau.

“It is an honor and privilege to serve American consumers. As Director, my focus is to prevent harm to consumers by using all the tools Congress gave us, including education, regulation, supervision and enforcement. I look forward to building on the efforts and progress of these first six months,” said Director Kraninger.

Under Director Kraninger’s leadership, the Bureau:

Educated consumers about financial products and money management

• Launched an initiative, Start Small, Save Up, to increase emergency savings among consumers;
• Expanded the Misadventures in Money Management financial education tool for active-duty servicemembers;
• Educated consumers about mortgage closing scams;
• Educated consumers on debt collection, including steps they can take to resolve a debt, telling the difference between a legitimate debt collector and scammer, and top debt collection questions answered;
• Performed an extensive analysis and report on what suspicious activity reports reveal about elder financial exploitation;
• Provided technical assistance to VITA (Volunteers in Tax Assistance) sites in how to support the people who they serve in making choices about saving part of the tax refund;
• Issued a set of reports for use by state and local leaders working to set up child savings programs;
• Released an education page on financial preparedness for a disaster;
• Received and handled 170,000 consumer complaints;
• Released a financial well-being practitioner toolkit for use by financial educators;
• Provided consumers a list with contact information on specialty credit reporting companies;
• Educated servicemembers and other consumers on new credit freeze protections, jointly with the FTC;
• Released an action booklet on building and managing credit for consumers as part of the Your Money, Your Goals;
• Continued to provide the Your Money, Your Goals guide to service providers to use as they inform individuals transitioning from incarceration on financial information and tools to manage their financial lives;
• Released two snapshots focused on mortgage and servicemembers complaints;
• Facilitated the training of over 1,700 social services staff with information and action steps in money management that they can share with the people who they serve; and
• Reached 25 million publications distributed and 25 million hits on its web service, AskCFPB, over the life of these services.

“Congress charged the Bureau with conducting financial education programs and ensuring consumers receive timely and understandable information to make responsible decisions about financial transactions. We will continue to look for ways to release innovative financial education tools and partner with public and private sector entities engaged in consumer financial education to maximize the reach of these tools,” said Director Kraninger.

Examined to Promote Compliance and Enforced the Law

• Took action against one of the 10 largest HMDA reporters for violating HMDA and Regulation C;
• Took action against a mortgage servicer for violating the Consumer Financial Protection Act; RESPA; Regulation X; the Truth in Lending Act; and Regulation Z;
• Filed a law suit against a debt collection firm for violating the Consumer Financial Protection Act and the Fair Debt Collection Practices Act;
• Filed a law suit against a credit repair company and several related entities alleging that they violated the Consumer Financial Protection Act and also the Telemarketing Sales Rule;
• Took action against a student loan servicing company that engaged in unfair practices that violated the Consumer Financial Protection Act;
• Took action against a company that violated the Consumer Financial Protection Act; the Gramm-Leach-Bliley Act; Regulation P; the Truth in Lending Act; and Regulation Z;
• Took action against an online lender that extends unsecured payday and installment loans for violating the Consumer Financial Protection Act;
• Took action against an individual who brokered contracts offering high-interest credit to veterans for violating the Consumer Financial Protection Act;
• Took action against a company for violating the Consumer Financial Protection Act, the Truth in Lending Act; and Regulation Z;
• Took action against a federally chartered savings association for violating the Consumer Financial Protection Act; the Electronic Fund Transfer Act; and Regulation E;
• Sought to enhance protections for servicemembers;
• Secured over $12 million in redress for consumers and $22 million in Civil Money Penalties; and
• Announced changes to policies regarding Civil Investigative Demands (CIDs) to ensure they provide more information about the potentially wrongful conduct under investigation.

“Enforcement is an essential tool Congress gave the Bureau – particularly because education, rulemaking, and supervision will not prevent every violation. We will use enforcement against bad actors who don’t comply with the law. Ensuring that justice is served in the public interest – that is our goal in using the enforcement tool. Further, a purposeful enforcement regime can foster compliance, help prevent consumer harm, and right wrongs,” said Director Kraninger.

Modernized, clarified, and reduced burden of rules

• Issued the first proposed rulemaking to implement the requirements and prohibitions applicable to debt collectors under the Fair Debt Collection Practices Act since it was passed in 1977;
• Became a coordinating member of the Global Financial Innovation Network (GFIN), a world-wide effort to promote financial innovation that benefits consumers;
• Published a request for information concerning the need for and scope of exceptions under the Remittances Rule;
• Issued an Advance Notice of Proposed Rulemaking to commence developing proposed regulations addressing PACE financing, a relatively new form of financing of home improvements for environmental purposes;
• Issued new written guidance to clarify the TRID Rule and thereby promote mortgage firms’ compliance with the rule;
• Issued new standards the agency will use to meet its obligations under Section 610 of the Regulatory Flexibility Act to conduct reviews of certain rules to evaluate their burden on small businesses;
• Issued comprehensive assessment reports evaluating the effectiveness of the ATR-QM and Mortgage Servicing (Regulation X) Rules to comply with Section 1022 of the Dodd-Frank Act;
• Published proposed rules to delay implementation of and to reconsider the Mandatory Underwriting Provisions of the small dollar rule;
• Published proposed rules to reconsider the mortgage reporting thresholds in the 2015 HMDA Rule and published an advance notice of proposed rulemaking to obtain information to assist in the development of proposed rules to reconsider data points in the 2015 HMDA Rule.
• Issued final policy guidance explaining how the Bureau will modify publicly disclosed HMDA data to protect the privacy of consumers; and
• Commenced implementation of measures to streamline and improve the Bureau’s rulemaking process, such as providing materials to the public that are easier to understand, receiving more feedback from small businesses on proposals, planning to release SBREFA panel reports earlier in the process, maximizing public engagement by generally using a 90 day comment period for complex proposals, and posting all comments submitted in rulemakings to the public docket.

“I am committed to improving the Bureau’s rulemaking process as it will lead to better policy outcomes,” said Director Kraninger. “Improving the rulemaking process will ensure we have clear rules of the road that protect consumers and more effectively execute the Bureau’s mission. This process will increase transparency, public engagement, and thorough, data-driven analysis. To further improve our regulatory process we are developing a way to obtain input from state and local officials, as well as an initiative to ensure that outdated, unnecessary, or unduly burdensome regulations are identified and addressed.”

During her first six months, Director Kraninger has also visited all of the Bureau’s regional offices throughout the country and engaged with regional staff, as well as participated in an on-site exam. In this time, Director Kraninger has engaged with over 600 consumer groups, consumers, state and local government officials, military personnel, financial institutions, academics, non-profits, and former and current Bureau advisors, and traveled to 10 states. Lastly, Director Kraninger announced enhancements to the Bureau’s advisory committees and announced a symposia series aimed at stimulating a proactive and transparent dialogue in the policy development process.

The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives.

###

KatherineKathyKraningerDirectorConsumerFinancialProtectionBureauWashingtonDCLinkedInProlifeDailyBusinessNewsManufacturedHousingMHProNews

 

When manufactured housing professionals think of the CFPB, a common thought is about the Preserving Access to Manufactured Housing Act.  A fresh, deep review of that can be accessed via the hot-linked text-image box below.  Note that the following covers a timeframe prior to the new director, thus, is no reflection on her either way.

 

Rope-a-Dope – Preserving Access to Manufactured Housing Act, Mom, Dad, & You

What’s next at the CFPB?  That will depend in good measure on what occurs on Election Day, 2020, and the runup to that event.  Stay tuned.

That’s this hump day morning’s first installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments or Letter to Editor in the subject line.

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation.  https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

 

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


News Media Alliance Slams “Anti-Competitive Behavior,” Report, Congress Investigates – Plus Manufactured Home Stock Updates

June 11th, 2019 No comments

DowCNNBusinessClosingTicker6112019DailyBusinessNewsManufacturedHousingMHProNewsIn a media release, the News Media Alliance published a study that examines ‘Anti-Competitive Behavior’ and what it costs their industry. This obliquely impacts every American, and in several ways touches upon issues that matter to the manufactured housing industry too. Testimony has taken place before Congress on this topic. Their executive summary as well as their full research results are part of this evening’s report, along with our normal manufactured home industry connected stocks evening recap features.

Let’s get started…

 

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

 

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

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

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

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

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

LeftRightMediaDivideCNNFoxYahooCBSNewsMHProNews

CNN Business

·        No new orders for Boeing – the company hasn’t sold a single aircraft for the second month in a row

·        How much longer will the 737 Max be grounded? There’s no end in sight

·        Half of the world will have 5G coverage in five years

·        LIVE UPDATES Dow snaps six-day winning streak

·        Sprint and T-Mobile may face another legal challenge to merger

·        Elon Musk will face Tesla’s shareholders

·        Beyond Meat’s stock is up nearly 500%. That’s too good to be true

·        OPINION Trump’s trade war is here to stay. Companies like mine will pay the price

·        Disney doing what it does best with ‘Frozen 2’ trailer

·        Birchbox thinks it found a niche: Burned-out Americans

·        Prominent white supremacists still on YouTube after ban

·        America’s renewable energy capacity is now greater than coal

·        Fly inside Uber’s new taxi cabin

·        Everything you need to see at Star Wars Galaxy’s Edge

·        This airless tire could eliminate flats

·        Watch this robot clean skyscraper windows

·        These are the unexpected winners of the grocery wars

·        Half of us find our new home online. So why pay Realtors?

·        Even CEOs can suffer from impostor syndrome

·        College grads earn $30,000 a year more than people with just a high school degree

·        This startup brings birth control to your doorstep, with or without insurance

·        The real reason you aren’t getting promoted at work

·        Sequel to Zelda, Smash Bros. DLC characters and more revealed at E3 2019

·        It’s YouTube’s time in the barrel

·        Uber competitor launches in London (again)

·        Viw on the German HQ of the online shopping giant Amazon in Munich

·        Amazon shutters restaurant delivery service

·        Meteorologist criticizes his TV station on air

·        Infowars to pay Pepe the Frog creator $15,000 to settle copyright dispute

·        Footage from Bryan Carmody surveillance footage shows San Francisco police officers raiding his home on May 10, 2019.

·        San Francisco police seize equipment of freelance journalist who refused to identify a source

·        Colbert: Trump is taking credit for deals already in place

·        OperaVR sells virtual-reality headsets and and content to dentists that patients can use during visits.

·        How VR is helping flyers and dental patients calm down

·        Walmart turns to robots and apps in stores

·        Toyota is using Microsoft’s HoloLens to build cars faster

·        Broadway ditches age-old processes to run shows with iPads

·        Kevin Holesh works on the Moment app from his RV trailer.

·        Meet the unlikely duo trying to save us from our screens

·        TikTok is the latest social network sensation

·        The CEO of this driverless car company still loves to drive

·        Smart glasses for the hard of hearing are changing theater in London

 

Fox Business

·        Amazon surpasses Google, Apple as world’s most valuable brand

·        WATCH: DOJ may approve T-Mobile, Sprint merger, says Charlie Gasparino

·        Lawsuit aiming to block T-Mobile-Sprint merger filed by group of US state AGs

·        US Congress members: A look at perks and pay

·        From pension plans to parking perks, a look into lawmakers’ work lives.

·        What Trump’s new ethanol rules mean for you

·        Fired Google employee cries foul play in ‘kangaroo court’ investigation

·        Lawsuit claims LaCroix planned to announce cans were BPA free when they weren’t

·        Starbucks to test reusable cups at London’s Gatwick Airport as way to cut down on waste

·        How Warriors star Kevin Durant’s Achilles injury impacts his financial options

·        Americans have critical misconceptions about mortgage requirements

·        Dallas Cowboys owner Jerry Jones buys energy company for $2.2 billion

·        New Jersey governor signs panic button bill to give hotel room cleaners ‘security’

·        Seniors more likely to work past 65 in these locations, survey says

·        After AllianceBernstein, Amazon deals, is Nashville the country’s new economic hotspot?

·        10 best US states to live in 2019, according to WalletHub

·        Soccer star Lionel Messi tops Forbes’ ‘World’s Highest-Paid Athletes’ list

·        IRS warns of impending higher tax penalty for late filers

·        Uber helicopter rides in New York City are safe, air taxi boss says

·        Lamborghini, Rolls-Royce and Aston Martin luxury car prices dropping significantly: report

·        Trish Regan: Did the FBI possibly entrap a Trump campaign aide?

·        Maria Bartiromo spoke with Carter Page on Sunday.

·        Despite Brexit mess, Theresa May should be treated kindly by history

·        Biden’s, Warren’s and Bloomberg’s impossible (and expensive) green dreams

 

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

YahooSPDowNASDAQRussell2000OilVIXGoldSilverEero10Yr6112019DailyBusinessNewsMHProNews

 

Today’s MH Market Spotlight Report –

NewsMediaAllianceSlamsAntiCompetitiveBehaviorReportCongressInvestigatesPlusManufacturedHomeStockUpdateMHProNews

 

Before we tackle the News Media Alliance research, let’s take a step back and look at this through the lens of manufactured housing.

Be it Google, Google News, YouTube, or various social media platforms such as Facebook, or other tech giants – Apple, Amazon, and Netflix – what people see is based in large part on ranking of stories.

The Fox News video of Steve Hilton with HUD Secretary Ben Carson, posted below, was published on YouTube on Apr 22, 2019, and as of 6.11.2019 at about 4:33 PM ET has had 31,669 views.  But finding that needle in the billions of pages online is a matter of algorithms and various methods used by Google or others to ‘rank’ a page.  By contrast, Last Week Tonight with John Oliver’s viral hit, “Mobile Homes” has topped 6 million views.  

 

 

In fairness and for balance, MHProNews and MHLivingNews routinely ranks well in a variety of Google searches.   

 

Platforms stand between the public and news media, and thus act as “regulators” of everything about our business, said David Chavern, president and CEO of News Media Alliance to CBS news’ morning show.

 

 

When big tech censors, or demonetizes a video, page or site, that impacts businesses and jobs.

While the claims of the News Media Alliance (NMA) have several possible applications to the manufactured housing industry, an oddity is that they are not asking Congress to regulate or break up big tech, as others have been calling for with increasing frequency.

Instead, what the NMA are asking for is a temporary exemption from antitrust laws, so they can better negotiate with big tech, and not be accused themselves of breaking antitrust laws.

That exemplifies the Gordian knot that exists. Especially independent journalists fear that they will be crushed, based upon current trends.

As Chavern said, the tech giants horde data, and decide what we see. When Google’s Chrome browser began to block certain ads, that struck and scores of businesses revenue streams.

 

GoogleHowBenefitsFromNewsMediaAllianceCBSNewsDailyBusinessNewsMHProNews

This market power arguably impacts every business of every kind in the USA. That’s not limited to Google, it applies to various degrees to Facebook, Apple, Amazon and Netflix (FAANG) and Microsoft too. MHProNews sees value to including Berkshire Hathaway in breakup calls being investigated on Capitol Hill. #DeFaangBM.

 

The executive summary of the findings of the NMA claim that Google alone made some $4.8 billion dollars from the current system in 2018, by their use of other organization’s news content. Google called it a back of the envelope calculation, but NMA said that their outside research firm may have been low in their estimate.  Google says the deliver 10 billion clicks globally to news sites, every month, per Fox News.  One question that not many seem to be asking, is how many click are never made due to snapshots or previews of a news story? That’s not easy to say.

Legal minds are telling MHProNews this move, while obviously not the strongest argument that the NMA could make, could have several implications for the manufactured home industry.

NMA’s executive summary is linked here.  Their full research is linked here as a download.  CBS News noted that there appears to be strong bipartisan support for the NMA’s request.  Of course. It isn’t asking for the tech giant’s breakup.

As a disclosure, MHProNews and our general public focused sister site, MHLivingNews, are not members of the NMA.

Related Reports:

U.S. Chamber hits POTUS on ‘Weaponization of Tariffs,’ POTUS Trump Hits Back, plus Manufactured Home Stock Updates

Borders, Tariffs, and Looming Antitrust – plus Manufactured Home Market Updates

Big Tech, Big Brother, 1984, Manufactured Home Professionals, and You

George Orwell, All Issues Are Political Issues, Manufactured Housing Challenges, and You

 

Yahoo Finance Closing Ticker for MHProNews…

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

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

YahooManufacturedHousingIndustryConnectedStocksClosingTickers6.11.2019DailyBusinessNewsMHProNewsUpdated:

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


Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

June 11th, 2019 No comments

 

JoeStegmayerCavcoIndustriesManufacturedHousingInstituteMHIChairmanInsightsInnovativeHousingShowcaseMHProNews

With enough patience, facts and patterns in dispute often reveal themselves more clearly to those with an open mind who are honestly seeking clarity. By definition, the closed-minded can’t be reasoned with.

 

This report will have two primary components.  The first will be from the recent and positive Innovative Housing Showcase, held at the National Mall in Washington, D.C. Joe Stegmayer, former Chairman, President, and CEO of Cavco Industries was prominent there.  The second will look again at a leadership and related questions that keep arising at Cavco.

 

MHI Chairman Stegmayer At Recent Innovative Housing Showcase in Washington, D.C.

Five U.S. congressmen and several other senior government officials took tours, said Joseph Stegmayer, Cavco’s former chairman and CEO,” said Phoenix metro’s AC Central, a Gannett media publication that is part of the USA Today network.

This is one of the best unsubsidized ways to promote affordable housing,” Stegmayer said of manufacturing housing, per that same source.  He said that factory-built homes can be made at about half the cost of comparable dwellings built on site.

Some other facts, per AZ Central:

·        Cavco exhibited a 1,050 square foot home with two bedrooms and two baths that was built at one of its two factories in Virginia that retails for about $64,000.  What they didn’t specify was that it was the lone single sectional on display in the National Mall in Washington, D.C.  Skyline Champion displayed two multi-sectional models.

·        Cavco was one of 19 exhibitors at the National Mall and teamed with UMH Properties, a real estate investment trust or REIT that owns and operates manufactured-home communities around the nation.

This was the only news report found on line as of the date and time shown about the publicly traded firm’s (CVCO) involvement in the project. We’ll return to that factoid later.

 

CavcoIndustriesInnovativeHousingShowcaseAZCentralArizonaRepublicUSATodayGannettNewsDailyBusinessNewsMHProNews

 

In the MHI branded video below, Stegmayer says: “Manufactured Housing is so much of an untold story. It has come a long way in a short number of years. And now were providing homes that rival anything built on site at half the cost. And so, to meet the affordable housing crisis in this country, and there truly is a need for affordable housing, manufactured housing can go a long way to doing that.”

 

 

Stagmayer continued by saying, “We can provide a home for millions of people who otherwise can not afford a home and would be renting for the rest of their lives. Here [he’s standing in a manufactured home] they can buy a home, build equity, just like any other home owner. And, ah, stay in that home for years or resell it and move up to a larger home if someday they get a larger family.”

A lot of flexibility in manufactured housing.  A lot of sustainability,” Stegmayer said during his portion of the video. Let’s note in fairness that these are very similar points that MHLivingNews, MHProNews and scores of others have made about our industry. Our publisher has noted that the firms involved in the Innovative Housing Showcase are to be applauded. On the thrust of several of these points by Stegmayer, we’d editorially concur.

But what follows in that same video is both true and troubling.  It gets near a central issue that is hampering manufactured home industry growth.

 

Manufactured Housing Professionals, HUD Secretary Ben Carson, Must Promote These Two Words

 

Secretary Ben Carson, as the head of HUD, made this National Mall opportunity available in conjunction with the National Association of Home Builders (NAHB). Dr. Carson explains that they encouraged local municipalities to look at manufactured homes and look at their regulations.  Carson said there may have been reasons in the past for some regulations, but no longer.  Why hasn’t the HUD Secretary mentioned “enhanced preemption?”  Is it possible that he’s not been briefed on that point by HUD staff? 

But more questions arise from this MHI branded video and recent mainstream media reports.

Looking again at MHI’s chairman’s comment, it isn’t as if the manufactured home industry has suddenly appeared out of nowhere and has an “untold story,” as Stegmayer framed it.  Indeed, Arlington, VA based MHI – a location not far from the National Mall – claims to have told that story to millions of people.  See their claim to that effect illustrated in their own still from an MHI video, below.

If so, the public literally are not buying what MHI is selling, based on recent new manufactured home production and shipment trends.

Look at the stills from the late 2018 MHI self-touting video and compare it to the fact that manufactured housing has had 8 months of consecutive year-over-year decreases in shipment levels.

 

ManufacturedHousingInstituteMHINewClassofHomesDailyBusinessNewsMHProNews

Most people think of momentum as forward motion.  Does it mean something different to MHI?  Momentum for more consolidation? Still from MHI Video, logos added by MHProNews.

ManufacturedHousingInstituteLogoMHIVideoStillMHIPromotionalClaims

That downturn is now into month number 8.

 

Further, manufactured homes are not an untold story at all.

As the AZ Central story reflected, starting with the headline, a HUD Code manufactured home is errantly termed a ‘mobile home.’  Over the years, has Cavco or MHI failed to brief that media outlet, which issues periodic reports on hometown firm Cavco, about the proper terminology to be used?  If not, then they are not following the logic of their own prior chairman, who said this.

TimWilliams21stMortgageCorpGoodArgumentsQuoteRespondEveryStoryDailyBusinessNewsMHproNews

The story most told is a painfully familiar one to anyone who tracks news coverage about ‘mobile homes’ and ‘manufactured homes.’  The bulk of the reports are negative, as the screen capture below indicates.

MobileHomesNewsGoogleSearchDailyBusinessNewsMHProNews

While the evidence is anecdotal, it is also not disputed by live audience of manufactured home industry professionals when they are asked:

·        does the public here more bad news or good news about manufactured homes? 

·        Is the impression conveyed in third party reports largely positive one, or largely negative?

·        Manufactured home industry professionals almost universally agree that the image is a problematic one.

That being so, it is not an untold story. Rather, it is a told story that is all-too-often being mistakenly framed.

Where is MHI’s effective response to that largely undisputed fact?  Because it is obvious that their claim of millions exposed to their advertorials – if true – has not worked. The shipment numbers and other research proves that point.  Further, only 8 percent of home shoppers, per Zillow, considered a manufactured home in research that firm did.  Many of those who considered a manufactured home never bought one. Put yourself briefly in the shoes of a possible manufactured home customer. If they simply googled news about ‘mobile homes’ or ‘manufactured homes,’ wouldn’t that explain why – given that much reporting is negative – that the public literally isn’t buying one?

 

Zillow2016HomeBuyersSurveyManufacturedHousingIndustryDailyBusinessNewsMHProNews

Only 8 percent of housing shoppers considered a mobile or manufactured home, and many of those did not buy one

 

What do those third party research facts say about the effectiveness of the industry?  So Stegmayer’s own words about the “untold story” – seen through that lens – is troubling at best.  The screen capture from the date and time shown is but one example. 

 

MobileHomesNewsGoogleSearchDailyBusinessNewsMHProNews

 

Furthermore, there is no evidence that HUD Secretary Carson has been advised about enhanced preemption.  MHProNews has asked officials at HUD to respond to that concern.  They have no comment on that now.

Why not?  Doesn’t their failure to comment on such a straightforward question itself raise concerns that perhaps Secretary Carson has not been brief about enhanced preemption?

Stegmayer has had face time with Secretary Carson on numerous occasions in the last year or so.  Did Cavco’s former president, and the man who is still MHI’s chairman, not raise the issue of “enhanced preemption?”  If not, why not?

HUDBenCarsonJoeStegmayerCavcoDailyBusinessNewsMHProNews

These are questions that Cavco’s shareholders – among others – ought to be asking.

If the report by AZ Central is accurate, and only 5 congressional representatives bothered to come and see what MHI dubbed Homes on the Hill.  That too suggests something was missed by MHI, doesn’t it?  There are 535 members of the U.S. House (435) and Senate (100). Numbers of those in Congress get contributions from MHI’s PAC.  So why did such a small group of representatives come over a 5 day event?

The MHI “Homes on the Hill” videos are a fine idea. 

·        The videos are well done in a technical sense.

·        But where is the promotion for those videos? 

·        Why is it that the MHI video posted above that was published on Jun 2, 2019, after a week online, has only 732 views, per YouTube, as of 4:49 PM ET on 6.9.2019? Ponder the point that John Oliver’s viral hit on numbers of MHI members errantly named “Mobile Homes” has had over 6 million hits on YouTube in about 2 months. That’s the graphic comparison that industry professionals, investors, and advocates must ponder.  Stegmayer’s choice of words ‘the untold story’ is not supported by facts.  The story about manufactured homes has been told millions of times.  It simply hasn’t cut through the negative noise. 

Where has that negative noise about manufactured housing originated from?  The sources are varied. That said, there is a money trail in the millions that clearly points to donations by Warren Buffett, chairman of Berkshire Hathaway – parent to Clayton Homes, their sister Berkshire lenders, and a powerhouse at MHI – that have flowed via the Tides nonprofit to groups such as MHAction or Prosperity Now that have in turn attacked manufactured housing operations.  Rephrased, Buffett’s been backing both pro-and-con voices about manufactured homes.  The voices that undermine the industry’s story seem to win the media war routinely. Why?

None of the Berkshire brands or MHI has denied the evidence presented. That leaves the evidence presented unchallenged.  The collage below illustrates the point just made.

 

MHActionLogoWarrenBuffettGeorgeSorosPhotoTidesFoundationLogoDailyBusinessNewManufacturedHomeIndustryMHProsNews

 

Now, against that backdrop, let’s pivot back to Cavco’s November 8, 2018 news release.

 

Stegmayer, Cavco, and the SEC/Shareholder Legal Clouds 

As the numbers of shareholders suits against Cavco Industries continues to grow, an interesting point keeps arising relative to Joe Stegmayer, their former Chairman, President, and CEO. Let’s mention that he was also a former Clayton Homes division president.

Part of the announcement on November 8, 2019 that sent Cavco shares plunging related to Stegmayer was that the multi-year leader of the publicly traded firm (CVCO) would step down into a more supportive, non-executive role.

But several indications from sources previously reported within Cavco, plus more recent hints by George Allen and others in his orbit, suggest that Stegmayer still exercises a leadership role that some believe is more like that of the shadow president than some supportive ‘non-executive’ role.

Quoting from their November 8th press release, “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, identified certain violations of Company policy related to securities trading activities conducted by Mr. Stegmayer. The Board’s decision to transition Mr. Stegmayer to a non-executive role allows the Company to retain his deep industry and operational experience.

The Cavco press release further stated that, The Company also announced that it had received a subpoena from the Securities and Exchange Commission’s Division of Enforcement (“SEC”) requesting certain documents relating to, among other items, trading of the stock of another public company. Subsequent to sending the Company a subpoena, the SEC sent a subpoena for documents and testimony to Joseph Stegmayer, regarding similar issues. The Company has initiated an independent investigation and intends to cooperate fully with the SEC’s investigation.

In a typical ‘all in the company family’ motif, the release said: Joseph Stegmayer, former Chairman, President and Chief Executive Officer, commented that “Dan Urness is a great choice to lead Cavco. He is a strong leader, with the ability to connect with customers, partners and teammates. His institutional knowledge of our Company and significant industry experience will ensure a smooth leadership transition. I look forward to continuing to serve the Company in my new role.”

ManufacturedHousingInstituteLogoMHIBoardOfDirectorsLogoMHIExecutiveCommittee

The satirical logo is used in part to poke with a lighter touch at a serious topic. As some have framed it, there are white hat companies at MHI, and black hat companies.  Certainly the black hats must find the white hats useful.

Stegmayer has remained Chairman of the Manufactured Housing Institute (MHI), despite the legal flap, its costs to Cavco, and the hit on CVCO’s stock valuation.

 

YahooFinanceCavcoIndustriesCVCO1YearTrendDailyBusinessNewsMHProNews

Cavco (CVCO) is one of the stocks tracked in our evening/nightly market report, along with a snapshot of headlines, and news that move investors. For Friday’s report, click here.

 

These are questions that may be of interest to shareholder’s plaintiff’s attorneys.

 

Cavco Industries Investigated Anew for Violations of Federal Securities Laws, plus Manufactured Home Industry Stock Updates

 

But there are broader industry questions that ought to be explored, perhaps in concert with Congressional and other state/federal inquiries.

Readers will be reminded that some 5 years ago, Stegmayer was talking on camera about the industry returning to 250,000 shipments.  That video is found in the report in the text/image box above. Stegmayer did say that return to 250,000 could accomplished in a year.  But he clearly suggested that it was doable in the foreseeable future.  What happened to that 250,000 new home shipment aim since then? 

Why is a new manufactured home shipment goal unmentioned by MHI more recently? 

Or ponder the fact that after the embarrassing reply the MHI President and CEO Richard ‘Dick’ Jennison gave to MHProNews on camera that same year – that the industry should grow slowly – the next year, after being privately chastened by Tim Williams, per sources, Jennison said that the industry could return to 500,000 new manufactured home shipments.  We professionally concur that that half-million or more new home production goal is achievable.  Others in the industry believe so too. The points Secretary Carson has cited in various interviews and his speech in New Orleans all point to the great potential of the industry in this affordable housing crisis.

 

MHI CEO Dick Jennison’s Pledge – 500,000 New Manufactured Home Shipments

 

All of which begs the question, how effective has MHI been at representing “all segments of manufactured housing?” 

As the decade de facto post-production association, after decades in that role, has MHI still not figured out what keeps people from buying a manufactured home? Why aren’t they routinely addressing those prospective home buyers concerns?  Lightening rod Frank Rolfe, a well known MHI member, made the point simply.

 

Rolfe and Dave Reynolds effectively doubled down on that recently, when they said the following.

MHI has had two different public relations people, for a combined total of several years now. Do those ‘experts’ in media relations not have a message or method for advancing the acceptance of the industry? Do they not yet have a message that resonates with the millions in the public that would buy what our manufactured home industry offers, if they simply understood it properly?

When AZ Central reports that only 5 congressmen came to see what MHI dubbed “Homes on the Hill,” what was MHI’s public relations effort doing? 

The industry is only at ¼th of the production it was in 1998. Where is MHI’s recovery plan?

 

BloombergShipmentProductionDataManufacturedHousingMHProNews2019-05-16_1057

 

This pro-growth industry-leading trade media will continue to monitor and report on these and other related issues.

SubmitNewsTipsCommentsLettersToEditorMHProNews

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

That’s a wrap on this installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments or Letter to Editor in the subject line.

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

Members Point to Positives, Problematic – Manufactured Housing Institute (MHI) says, “Get the Facts on Zoning”

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

8 Months of Declining Year-Over-Year HUD Code Manufactured Home Production – When Will Manufactured Housing Institute Act?

 

Positive, Uplifting Third-Party Reports Favor Modern Manufactured Housing, So What’s Going Wrong?

Bonuses, Bonuses! Manufactured Housing Struggles During Affordable Housing Crisis, While Top MHI Staffers Get Bonuses

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


WAVY, Mainstream TV – HUD Secretary Ben Carson, Innovative Housing Showcase – Clayton Homes, and Berkshire Hathaway Revelations

June 11th, 2019 No comments

 

WAVYMainstreamTVHUDSecretaryBenCarsonInnovativeHousingShowcaseClaytonHomesBerkshireHathawayRevelationsManufacturedHomeMHProNews

WAVY is one of several mainstream news outlets that came up in a Google search for “Innovative Housing Showcase” (IHS) and “Manufactured Homes” on 6.10.2019.  That’s more than a full week after the event – which ran from June 1-5, 2019 – began.

 

The WAVY report was fine, with a body of 336 words – not counting the headline, captions, etc. – and included the video posted below, which says it was produced by KNWANorthwest Arkansas News.

 

 

The portion that dealt with manufactured homes read as follows.

Ben Carson, the U.S Secretary of Housing and Urban Development, said the federal government is focused on improving  building standards and codes to reduce risks. He said officials are also looking at many options including encouraging alternatives like manufactured homes,” per WAVY and the KNWA video.

They are bolted down to cement foundation. They are better able to withstand hurricanes and tornadoes than site-built homes are,” according to a brief clip with Carson.  But it is unclear from that statement, if Carson was speaking about a “Boxabl” prefab that he is standing in during the interview, and/or if he was speaking about HUD Code manufactured homes.

As manufactured home retailers know, not all manufactured homes are placed on a cement slab foundation, although they must be installed on an approved foundation for the area that it is being placed in.  The short video below sheds some light on the topic for those not familiar with the details.

 

 

Allow us to take a 100 acre area and put in 1,000 units in a matter of days or weeks instead of a year or more,” Carson said about the potential for more rapid post-disaster relief, per WAVY.

The HUD and National Association of Homebuilders (NAHB) co-sponsored event can be viewed as positive for the industry.  The reactions from those in various videos taken during the event would reflect that impression.

 

Clayton Homes, Berkshire Hathaway Connections, and Revelations

However, upon closer scrutiny, some interesting points emerge both pre-IHS, during their National Mall display, and post-event.

First, “Innovative Housing Showcase” and “Clayton Homes” turns up zero results, as of this morning on the Google search shown below.

 

InnovativeHousingShowcaseClaytonHomes2019-06-10_1127GooglesearchManufacturedHomeIndustryMHProNews

 

Clayton, as most industry professionals know, is the largest builder of HUD Code manufactured homes.  They and their fellow Berkshire Hathaway brands are commonly viewed as the dominating force at the Arlington, VA based Manufactured Housing Institute (MHI).

Clayton did not display any manufactured homes, but per our sources, had team members present for the event.

 

InnovatieHousingShowcaseIHSManufacturedHomeGoogleSearch2019-06-10_1116ManufacturedHomeDailyBusinessNewsMHProNews

 

Perhaps more noteworthy is the absence of any BH Media Group coverage of the IHS event.

BH Media Group, part of the Berkshire Hathaway owned assets – including their de facto flagship Omaha World Herald – turned up no results in the search above. BH Media Group has several media assets in Virginia, across the Potomac River from Washington, D.C. where this event took place.  A 2018 list of BH Media group newspapers is below.

BerkshireHathawayMediaGroupNewspapersLogoPerTheirWebsite8-14,2-18DailyBusinessNewsMHProNEwsLogo

Most manufactured home industry professionals don’t realize the broad scope of the BH Media Group’s direct assets. Beyond these, there are other media ties and interests that Berkshire Hathaway arguably can leverage. Why haven’t they done so with respect to the Innovative Housing Showcase? Or Secretary Carson’s positive address in New Orleans? How does this reality compare with the claims of Kevin Clayton, MHI, or their sycophants, such as MH Insider and George F. Allen?

 

Given the fact that a media outlet from Northwest Arkansas, Bloomberg, Fox Business, and Epoch Times – among others – all thought this is relevant topic, why not the BH Media Group?

The very limited number of total Google search results for on IHS and manufactured homes further undermines any claims that might be made that Clayton Homes, Berkshire Hathaway, or MHI are properly promoting events like this one that could sway more consumers who are considering their housing options.

Such factoids reinforces other concerns raised by MHProNews, MHLivingNews, or MHARR about Clayton’s, Berkshire’s, and MHI’s intentions regarding the growth of the industry.

There are only a few logical explanations for this.  They reasonably could be summed up as follows:

  • Clayton, Berkshire, and MHI are inept at promoting the manufactured home industry. (MHProNews doesn’t think this is the case, this is just a potentially logical explanation for the poor media coverage during an affordable housing crisis).
  • Clayton, Berkshire and MHI lack motivation or the talent necessary for promoting such an event (same parenthetical comment as above).
  • Clayton, Berkshire, and MHI posture efforts and offer fig-leaves like some nice, professional videos, which are getting very few views – especially when compared to negative media coverage.
  • Clayton, Berkshire, and MHI are allowing the industry to struggle during an affordable housing crisis, and are therefore promoting or allowing impressions to exist that would not appeal to most consumers.
  • Clayton, Berkshire, and a few ‘big boy’ MHI members are allowing headwinds that might be abated to continue, precisely with the goal of consolidating more of the industry into ever fewer hands.
  • In support of the above, the fact millions of dollars in Warren Buffett’s donations have gone to organizations that have often opposed manufactured housing supports some of the later bullets.

As prior reports last week reflected, there are some MHI videos of the event, see the more detail report from the linked text image box below.

 

HUD Secretary Ben Carson, Affordable Housing, Obscuring the Truth, Innovations in Housing, and Manufactured Homes

 

But for an organization – MHI – that has a full-time public relations person, plus other staff members, what were they doing in the run-up to the event on the National Mall in Washington, D.C.?  Why wasn’t this event last week an all- hands-on-deck to promote the turnout of federal, other public officials, and the mainstream media?

A related and upcoming report on MHProNews will reveal that the turnout of elected officials was embarrassingly low. MHI claims ‘clout,’ but when it comes to actually using it on something that could potentially grow industry acceptance and sales, why is it so lacking?

These relevant queries and factoids beg more questions.

  • Does MHI and other ‘big boy’ members do ‘fig leaf’ promotion, designed primarily to appease industry critics of their efforts?
  • Are MHI and a few ‘big boy’ firms trying to impress their followers? Because if they are trying to move the needle for the industry, 8 straight months of year-over-year declining new home shipments clearly reveals that however bold their claims may be, the sobering facts mitigate against any rationale notion that their efforts are working.

The acid test is new home sales, production, and shipments.  Anything else is a fig-leaf, dodge, or distraction.

 

Secretary Carson’s Historic Effort

HUD Secretary Carson certainly has done more than perhaps any of his predecessors in the 21st century to promote manufactured homes and other forms of prefab or tiny housing.  But has Dr. Carson’s staff tell him about “enhanced preemption,” or other relevant details from reports linked with added evidence that should be red flags?

Certainly, there are those at HUD who have made it clear to mainstream media that Clayton Homes and their lenders are already under investigation.

 

 

There is no indication that we can find that Secretary Carson has been briefed by his staff about the “enhanced preemption” enjoyed by manufactured homes under federal law established by the Manufactured Housing Improvement Act of 2000.  When MHProNews recently asked multiple HUD officials about that concern, they declined to comment.

MHI has declined comment on that topic as well.

MHI’s president and CEO signs a form with the IRS every year that claims that MHI is seeking to address regulatory and market acceptance. Evidence uncovered from this and related reports linked herein call that claim – made under penalty of perjury – into doubt.

 

IRSForm990RichardDickJennisonMHIPresidentCEODailyBusinessNewsMHProNews

It is not legally permissible for MHI, or other nonprofits, to deliberately deceive prospective or current members, or the federal government, about their true goals and objectives. While the standards are different with publicly traded firms, failure to properly disclose the reasons for underperformance, per legal sources, could likewise be a possible source for liability and/or various types of federal action.

 

This is the #1 news, fact-checks, and analysis resource that makes manufactured home industry professionals think.  With that, it’s a wrap on this installment of News Through the Lens of Manufactured Homes, and Factory-Built Housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments or Letter to Editor in the subject line.

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

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

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

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

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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

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

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

Related Reports:

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

 

Members Point to Positives, Problematic – Manufactured Housing Institute (MHI) says, “Get the Facts on Zoning”

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

8 Months of Declining Year-Over-Year HUD Code Manufactured Home Production – When Will Manufactured Housing Institute Act?

 

Positive, Uplifting Third-Party Reports Favor Modern Manufactured Housing, So What’s Going Wrong?

Bonuses, Bonuses! Manufactured Housing Struggles During Affordable Housing Crisis, While Top MHI Staffers Get Bonuses

Members Point to Positives, Problematic – Manufactured Housing Institute (MHI) says, “Get the Facts on Zoning”

Secretary Ben Carson’s, Julian Castro’s Manufactured Housing, “Trailer,” “Mobile Home” Revelations, 2020 Battles Ahead

8 Months of Declining Year-Over-Year HUD Code Manufactured Home Production – When Will Manufactured Housing Institute Act?

 

Positive, Uplifting Third-Party Reports Favor Modern Manufactured Housing, So What’s Going Wrong?

Bonuses, Bonuses! Manufactured Housing Struggles During Affordable Housing Crisis, While Top MHI Staffers Get Bonuses

 

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