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Driverless Trucks Coming to Big Box, Will Emerging Tech Impact Manufactured Housing Deliveries?

June 24th, 2019 Comments off

 

DriverlessTrucksComingBigBoxWillEmergingTechImpactManufacturedHousingDeliveriesDailyBusinessNewsMHProNews

Still from video below.

Big box retailer Walmart – and other retailers like Amazon – are exploring the use of automated, driverless trucking technologies, says Newsmax and other sources. 

 

It is a development that the trucking industry is keenly aware of, so should manufactured home movers be concerned? 

Let’s start this report with some background.

Amongthe first driverless semi-trucks is already driving, legally, on the highway’s of Nevada. Businessweek’s Sam Grobart went to Las, Vegas for a test drive,” said Bloomberg. That video report is posted below.

 

 

There is a severe shortage of truck drivers that exceeds 60,000 unfilled long-haul positions, according the American Trucking Associations. 

Walmart Inc. came to dominate retailing through its mastery of logistics—the complicated choreography of getting goods from farm or factory to the consumer. But even the world’s biggest store doesn’t make money selling its wares online in the U.S., largely due to runaway shipping costs. So Walmart (WMT) is turning to robots,” according to Newsmax.

Walmart’s U.S. chief logistics professional, Greg Foran recently took reporters to a curbside package pickup kiosk outside its supercenter in Rogers, Arkansas. Three Ford delivery vans there were outfitted with self-driving technology developed by a Gatik, a Silicon Valley startup. Gatik aims at cutting Walmart’s middle-mile shipping costs in half. Going driverless in pursuit of profit is a “no-brainer,” Foran said.

It’s not driverless taxis, but driverless trucks that some experts say are looming just ahead.

Moving products, not to customers, but between “middle miles” could reach $1 a trillion market and could provide retailers with the fastest path to prosperity.

This area has the least number of obstacles and the most certain return on invested capital in the near term,” said analyst Mike Ramsey, with consulting firm Gartner Inc. “If you’re looking to start a business where you can actually generate revenue, this has fewer barriers than the taxi market.”

This middle mile is the most expensive part of the whole supply chain; it’s a huge pain point,” said Gautam Narang, CEO of Gatik, the firm attempting to automate Walmart’s “hub and spoke” warehouse system. “This fills a big gap in the market.”

Anything on driverless delivery that is a milk run is a good application for autonomy,” said Sherif Marakby, chief executive officer of Ford’s autonomous vehicles unit. “B2C is a complex implementation for autonomy that will come with time, but B2B just makes it easier because you get volume and you can be more predictable.”

Put differently, those on the inside of these developing technologies say that business-to-business, or B2B, delivery is easiest way to navigate to profitability in driverless trucking. It has less complex than ride-hailing or driverless delivery business to consumers, known as B2C or the last-mile.

 

Is This Potentially Going to Impact Manufactured Home Trucking Soon?

The short answer, according to producers who are independent as well as those working in large industry companies, ‘no.’

Not even close [to being implemented in manufactured home transport],” said one of the largest producers of manufactured homes in the U.S. “Packages and house [are] two different thing and ROI long way out.”

An independent producer told MHProNews that “They aren’t even using robotics in… [HUD Code manufactured home] factories. Oversized loads will be an extreme challenge for driverless vehicles. The home is never in one lane, programming to be outside of any legal driving envelope will be a huge challenge in my opinion.”

No one said they are aware of any such plans to move manufactured homes autonomous of a human driver at present. That should be comforting to manufactured home ‘toter’ drivers.

Be that as it may, trucking labor shortages, new tax incentives to invest in equipment or automation, and other factors could turn “not even close” into something that might be tested in the foreseeable future. MHProNews will monitor such emerging trends in business and report as relevant.

 

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That’s a wrap on this edition of “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

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Senate Democrat Specifically Urges Broader Manufactured Housing Lending, Bipartisan Approach to GSE Reform

Blueprint Robotics Disruptive Aim at Modular Housing, and Factory-Building Technology

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

 

 

 

 

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Senate Democrat Specifically Urges Broader Manufactured Housing Lending, Bipartisan Approach to GSE Reform

June 23rd, 2019 Comments off

 

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Freshman Senator Tina Smith (MN-D) is drawing attention to the lack of implementation under the Housing and Economic Recovery Act of 2008 (HERA) that established the federally mandated Duty to Serve (DTS) for manufactured housing.

 

Her letter to Republican and Democratic leaders of the powerful Senate Housing, Banking, and Urban Affairs Committee is covered in a new report, linked below on MHLivingNews.

The timing is noteworthy. Why? Because the Manufactured Housing Association for Regulatory Reform (MHARR) has recently been calling for Congressional investigations into what they say is the flawed roll-out of DTS by Fannie Mae and Freddie Mac. That too is linked below in our Sunday morning weekly news recap.

There are also insider insights from Cavco Industries regarding their legal woes.  That hot-linked headline is found further below on the Daily Business News on MHProNews.

That’s just for starters. There is the Havenpark’s controversy. Deprecation debate. Cavco, Carson, campaigns, CoreLogic, plus more are all below. 

 

 

Toot the Horn

There is demonstrably no manufactured housing-focused Industry News, Tips, and Views Pros Can Use” © that is larger, more diverse, robust, or better-read in MHVille than this publication. Nothing else even comes close.

Perhaps that’s why early next week, insider insights at HUD will reveal exclusively on MHProNews a serious scandal that involves manufactured housing.  

Stay tuned for that and more.

 

Small Industry, Big Potential, The Most…

As some U.S. Senators and members of Congress are beginning to grasp, the industry is only performing at about ¼ of the level that it did some 20 years ago. In 1998, production topped 372,000 new manufactured home shipments. So why – during a growing affordable housing crisis that many in Congress, the Trump Administration, and others want to see addressed – is manufactured housing underperforming?

For the last 8 months, year-over-year new manufactured home shipments are in decline. What? During an affordable housing crisis?

The Manufactured Housing Institute (MHI) has dryly reported the facts of that decline, but they seem tone-deaf as to any explanation for that decline.  As evidence of how tone-deaf they are, they speak about ‘momentum’ and have used a slogan, ‘let’s keep building.’ Seriously?

Our industry is demonstrably smaller than it was 15 or 20 years ago. There are thousands of fewer retailers. There are thousands of fewer communities. There are fewer builders of HUD Code manufactured housing. Several of the companies whose names endured – Champion or Fleetwood, to name but two – companies that were giants 20 years ago went into bankruptcy in the first decade of the 21st century. What exists today are essentially new entities under an older brand name. What caused longtime successful firms to tip into bankruptcy? Doesn’t that bear scrutiny?

 

 

BloombergShipmentProductionGraphicManufacturedHousingIndustryDailyBusinessNewsMHProNews

April 2019 data reflects month 8th of the downturn, with nary a whimper from MHI or the big boys. Why? 

These are the snapshots of reality that others in MHVille trade media – much less MHI – bother addressing. Why?

But the kinds of reports that you find here are the reason that this is by far the largest and most read “Industry News, Tips, and Views Pros Can Use” © site in all of manufactured housing trade media.  Others may make bold – even demonstrably outlandish claims.  They may produce slick magazines, but those slick covers sit on the racks, because they are not picked up. Why? Apparently not many want to read phony sunshine stories?

 

MHInsiderDailyBusinessNewsMHProNewsTunicaShow2019Day2

A photo of another rack at Tunica appears almost untouched. The industry’s pros, given a choice between fluff and reality often chose the real deal, found only at MHProNews.

From the largest firms, to the mid-sized, or ‘mom-and-pops,’ the pros in manufactured housing are on our pages daily by the thousands. There are those who cheer what they read here, because almost no one else is exposing what MHProNews is willing to cover with facts, evidence, and follow-the-money-trail published here. Then there are those who are bothered by what they read or those who are just trying to figure out why manufactured housing is underperforming so badly – they are all among those who read here.  Investors and nonprofits read here too. Among the 1.2 million-page views monthly, per third party tracking, third-party software tells us that thousands of hits on our site come from federal officials who are on our site every month.

Those who want to know and understand, come here.

To stay in the know in order to grow, you too can become a part of the most engaged professional audience in MHVille history.  To sign up in seconds for our twice weekly emailed headline news updates, click here or the graphic below.

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There is no more goal- and solution-oriented trade media in all of manufactured housing than this site. While toadies kiss the derrière of the Omaha-Knoxville-Arlington axis, we dare pull back the curtain and show the evidence, money trail, and concerns others try to ignore or obscure. 

 

Per Third Parties, Billions of Dollars in Potential Growth for Factory-Builders

What is the goal here on MHProNews?

As true believers and often praised experts in the industry, we know firsthand that sustainable growth is possible because we’ve worked professionally with firms that have achieved profitable growth. The evidence reflects that far more could be done.  Tens of billions of dollars in additional manufactured housing production at retail is attainable.

That requires understanding of the obstacles and the opportunities.

Who says there is that kind of growth potential? How about one of the most valuable conglomerates in the world’s investment unit? In part of a 2018 statement when they invested in Plant Prefab, Amazon’s Alexa Fund pegged the opportunity for new housing at $300 billion a year.

If only a quarter of that $300 billion-dollar annual potential were earned by Manufactured Housing, that would represent about a nine fold increase in dollar volume over 2018.

Given the potential of manufactured housing, it’s a disgrace that the Omaha-Knoxville-Arlington axis is so focused upon hobbling our industry and posturing instead of doing what’s necessary to improve measurable performance.  The evidence arguably reflects they seek to foster consolidation and ‘taking out’ honest independents to the extent that they are letting tens of billions of dollars annually slip through the fingers of investors and professionals,” said publisher L. A. ‘Tony’ Kovach.  

Experts and politicos across the left-right spectrum are increasingly expressing alarm over the monopolization of several sectors of American businesses and professions. Is it a surprise that it is happening in manufactured housing too?

But how some of this is occurring in MHVille may be somewhat different.

Never forget that Kevin Clayton said on video that it would be okay with ‘Warren’ if Clayton Homes lost money for 5 years, so long as they expanded their Moat. While roughly 100 of their retail locations have lost money.  But they aren’t losing money overall, and they are expanding their Moat. Clayton and their allies are earning and slowly consolidating at the same time. Literally thousands of industry independents have been steadily vanishing during an affordable housing crisis. Coincidence?” – asked Kovach, a long-time MH industry veteran. 

What’s happened in manufactured housing is a largely misunderstood tragedy, because too many others in the manufactured home industry’s trade media largely overlook or spin it. MHI gives the ‘big boys’ cover, so that purported corrupt behavior in turn harms the affordable housing seeking public, millions of whom could purchase a new manufactured home for less than they pay in rent,” Kovach said. “This pattern of behavior within the industry has drawn a number of critics from inside the industry’s ranks. It cries out for Congress to publicly investigate this slow-rolling tragedy, its impact on business, millions of Americans, and taxpayers.”

The stories that follow reflect what sparks such comments. 

With no further adieu, here are the headlines for the week that was from 6.16.2019 to 6.23.2019

 

What’s New on MHLivingNews

 Senator Tina Smith Urges Republican, Democratic Senators to Provide Greater Financing Access to Affordable Manufactured Homes

 

What’s New from Washington, D.C. from MHARR

MHARRReiteratesCallForCongressionalDTSInvestigationManufacturedHousingAssocRegulatoryReformLogoMHProNews

 

 

What’s New on the Daily Business News on MHProNews

11DailyBusinessNewsMHProNewsLogos

 

Saturday 6.22.2019

·        Fighting Fear With Facts, Pushing Back About Depreciation, Manufactured Home Concerns

Fighting Fear With Facts, Pushing Back About Depreciation, Manufactured Home Concerns

 

Friday 6.21.2019

·        Havenpark Capital Management Responds to Senator Elizabeth Warren, Congressman Dave Loebsack

Havenpark Capital Management Responds to Senator Elizabeth Warren, Congressman Dave Loebsack

·        Drone Downed, U.S. Counter Paused, American Oil Refinery Blast, Social Media Raises Concerns – Plus, Manufactured Home Stock Updates

·        News Tip – Cavco Industries Legal Woes with SEC, Insider Insights

News Tip – Cavco Industries Legal Woes with SEC, Insider Insights

·        Amidst Controversy, CoreLogic’s Special Report on Investor Home Buying Trends

Amidst Controversy, CoreLogic’s Special Report on Investor Home Buying Trends

 

Thursday 6.20.2019

·        New HUD Videos of Secretary Ben Carson, Innovative Housing Showcase 2019, Surprising Manufactured Housing Institute Reveals

New HUD Videos of Secretary Ben Carson, Innovative Housing Showcase 2019, Surprising Manufactured Housing Institute Reveals

·        Iran Downs US Drone, Why Didn’t Oil Jump Higher? Plus Manufactured Housing Stock Updates

·        Panicking Manufactured Home Community Residents Turning to Rent Control Demands

Panicking Manufactured Home Community Residents Turning to Rent Control Demands

·        Life-Saving Effort, Call to Celebrate Manufactured Housing’s Professional Installers

Life-Saving Effort, Call to Celebrate Manufactured Housing’s Professional Installers

 

Wednesday 6.19.2019

·        MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

·        Democrats React to Former VP, ‘They’ll Eat Joe Biden Alive,’ Plus Manufactured Housing Market Updates

·        Rising Star – U.S. Senator Tina Smith Pressing Manufactured Housing Regulatory, Legislative Issues

Rising Star – U.S. Senator Tina Smith Pressing Manufactured Housing Regulatory, Legislative Issues

·        Democrats, Independents, Elephant in the Room, Third Parties, 2020 Kickoff, and Manufactured Housing

Democrats, Independents, Elephant in the Room, Third Parties, 2020 Kickoff, and Manufactured Housing

 

Tuesday 6.18.2019

·        What Congressional Representatives, Senators, and Industry Professionals Should Be Asking About Duty to Serve Manufactured Housing

What Congressional Representatives, Senators, and Industry Professionals Should Be Asking About Duty to Serve Manufactured Housing

·        EQUITY ALERT: Levi & Korsinsky – Investigation Possible Fraud by Certain Officers and Directors of Cavco Industries, plus MH Stock Updates

EQUITY ALERT: Levi & Korsinsky – Investigation Possible Fraud by Certain Officers and Directors of Cavco Industries, plus MH Stock Updates

·        Views From Trenches of Manufactured Housing – Factories, Retailers, MHCs, Others Sound Off

Views From Trenches of Manufactured Housing – Factories, Retailers, MHCs, Others Sound Off

·        Real World Economics’ Professor Ed Lotterman says “Playing Monopoly is More Than Just Rolling the Dice”

Real World Economics’ Professor Ed Lotterman says “Playing Monopoly is More Than Just Rolling the Dice”

 

Monday 6.17.2019

·        Sextortion, Business, Investing, FBI Reports Scam Rising, plus Manufactured Home Stock Updates

Sextortion, Business, Investing, FBI Reports Scam Rising, plus Manufactured Home Stock Updates

·        Democrats? Republicans? Political Campaigns Manufactured Housing Institute (MHI) PAC Supported

Democrats? Republicans? Political Campaigns Manufactured Housing Institute (MHI) PAC Supported

·        Insights on Manufactured Housing From Obama White House Federal Archives

Insights on Manufactured Housing From Obama White House Federal Archives

·        “Color and Depth,” “Sad,” “Raising Standards,” and Manufactured Housing

“Color and Depth,” “Sad,” “Raising Standards,” and Manufactured Housing

 

Sunday 6.16.2019

·        Father’s Day, ‘Making America America Again’

Father’s Day, ‘Making America America Again’

That’s a wrap on this edition of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©. ## (Headline news, weekly recap, fact-checks, analysis, and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsNOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. Connect on LinkedIn here.(Related Reports are further below. Third-party images and content are provided under fair use guidelines.) 

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

 

 

 

 

 

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Fighting Fear With Facts, Pushing Back About Depreciation, Manufactured Home Concerns

June 22nd, 2019 Comments off

 

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The White Mountain Independent is published in Show Low, AZ. WMICentral recently published a letter by a person who was identified as Doris Stell, from Vernon, AZ.

 

A Google search suggested a connection between the featured image on the photo above and “Doris Stell.” That’s certainly not conclusive, but perhaps relevant in some way to what follows.

The Apache County’s “Requirements for Manufactures [sic] Housing” is found at this link here.  It specifies a distinction between mobile homes, which are “prohibited in ALL zone” and “Manufactured Homes shall be Fifteen (15) years old or newer.” That second provision arguably is a violation of the “enhanced preemption,” which is not strictly speaking the focus of this report.

Rather, what is relevant here is a reflection of what this person – who per Google may have some connection to that manufactured home in the photo above – had to say about our industry’s housing.

ShowLowVernonApacheCountyAZMapGoogleDailyBusinessNewsMHProNews

 

As a data-point, the map above reflects the relative location of those town where this article was published and where the letter writer apparently resides.  What follows the graphic and headline is the entire letter as published from Doris Stell.

 

WhiteMountainIndependentWMICentralMobileHomeCodeLowersPropertyValuesManufacturedHomeIndustryMHProNews

 

Just wanted to drop a note of information that not many people know about owning a manufactured home in Apache County, AZ. The county passed an ordinance in 2009, Section 730 states:

1. All newly installed manufactured homes must be 15 years old or newer to be installed. Mobile homes are prohibited in ALL zones. 2. There shall be no commercial use allowed in a manufactured home. 3. All manufactured homes shall provide a landing for each entrance in accordance with IRC. 4. Connecting 2 individual or stand-alone units shall be prohibited. 5. All manufactured homes shall meet the minimum snow load in each area of Apache County.

Also, if the mobile or manufacture home is more than 15 years old, it cannot be moved. These regulations will keep the value of your property very low. Even the land value will decrease. Please keep these regulations in mind if you want to buy or sell land in Apache County.

Also be advised if you have a mobile home that’s more than 15 years old, you cannot move the home on or off your property. That protects ignorant buyers that don’t know how badly mobiles fall apart when you move them.

It is almost impossible to have any value in your property unless you have a stick-built that the county approved of before you built. But you will not be able to get a loan for construction or anything else for that matter because an appraiser from the Valley will appraise your property the same as an old abandoned trailer in Concho. They don’t know any different.

Please research Apache County very thoroughly, especially small print, before you invest. Its not really an investment, you will end up with no value in your property even after improvements and a huge down payment.

But take heart, the federal government is looking into making manufactured homes the same as stick built for all mortgage companies, this should stop any counties from making their own laws about how much money your property is worth.

Doris Stell,

Vernon

— ## —

 

As of 9:00 AM ET on 6.21.2019, there was only one posted comment on this letter, and that comment was posted as follows on June 17th, 2017.

L A ‘Tony’ Kovach

Ms. Stell, With all due respect, some of your statements about manufactured homes are demonstrably errant. The FHFA and the National Association of Realtors both published research in 2018 that demonstrated that manufactured homes appreciate in value, especially when located on private property. HUD Secretary Carson has been promoting that and other points in recent months, in saying that manufactured homes are an important part of the solution for the affordable housing crisis. 2011 HUD PD&R research said that manufactured homes properly installed by nearby conventional housing revealed that both housing types appreciated side by side. 2018 Trulia research similarly pointed out that affordable homes have no harmful impact on nearby conventional housing. Google the above topics to see for yourself, or see more on MHLivingNews, which tracks the industry.

 

Why Does This Matter?

Letters to an editor often end up in searches on Google News, Bing News, or Yahoo News searches. Savvy consumers, pondering manufactured housing, or other researchers no doubt ran across this letter as did MHProNews. If the Manufactured Housing Institute (MHI), which claims to promote the industry cared, why didn’t they post a reply to this message?

TimWilliams21stMortgageCorpGoodArgumentsQuoteRespondEveryStoryDailyBusinessNewsMHproNews

The Manufactured Housing Institute [MHI] ought to be embarrassed and ashamed at how relatively low manufactured home sales are during an affordable housing crisis,” said award-winning industry expert, consultant, and publisher L. A. ‘Tony’ Kovach. “Tim Williams, former MHI Chairman and still president and CEO of 21st Mortgage Corporation, was arguably correct in saying that there is a good case to be made that every misstatement ought to be addressed. That begs the question, why hasn’t MHI done what Williams said? When MHI advertorials, Facebook page, or other media and marketing efforts clearly have not moved the needle of new home sales in the right direction, why not try what Williams said for one full year, and see what a difference that would make?”

Joe Concha with the previously Hill quipped on an unrelated topic, If you are willing to abandon your principles for convenience, or social acceptability, they are not your principles, they are your costume.”

Closer to [a manufactured] home, is Mark Weiss, JD, who wrote earlier in 2019 about the “Illusion of Motion” that MHI postures vs. the real-world challenges that the industry faces.

There is little doubt that most owners and residents of mobile and manufactured homes appreciate, value, millions even love their homes.  That’s based upon third-party research, combined with the anectodical evidence of years of interviews with actual mobile and manufactured homeowners.

 

 

But a key obstacle is a lack of clarity on a range of issues, including the one that the person in Vernon, AZ raised in the letter above. When it comes to resale values, perception can become reality. That home owner – if she owns that manufactured home – deserves the truth just as much as others who read her opinions do.

As a scientist and medical professional, one seeks not a bandaid to cover the surface of the problem, but a cure that treats the cause of an issue. Our readers tell us that MHProNews is the runaway largest and most-read precisely because we follow the facts, evidence, and apply logic.  We thank our readers, clients and sponsors for making this site possible and so widely read, by those who love what the content they find here, are bothered by what they read here, and those in between.

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That’s Saturday’s edition of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, commentary.)

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

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

New HUD Videos of Secretary Ben Carson, Innovative Housing Showcase 2019, Surprising Manufactured Housing Institute Reveals

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

 

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

“Game On” – “Fighting Discriminatory Zoning” “Moral Obligation” Fix “Worsening Nightmare” – State Associations Entering Spotlight

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

 

 

 

 

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Havenpark Capital Management Responds to Senator Elizabeth Warren, Congressman Dave Loebsack

June 21st, 2019 Comments off

 

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The formal response to a letter in late May 2019 from Senator Elizabeth Warren (MA-D) and Congressman Dave Loebsack (IA-D) to Havenpark Capital has been obtained by MHProNews.

 

ICYMI, or want a refresher, the Daily Business News on MHProNews most recent report on this issue is linked below. As a thumbnail, Havenpark stirred regional controversy by sharply raising site fees on residents in manufactured home communities that they purchased. Havenpark has been accused of “predatory” practices by residents, activist groups, lawmakers, and others. In the wake of those concerns, Senator Warren and Rep. Loebsack addressed Havenpark, with a series of ‘discovery’ like requests – seeking facts and information. That letter from Senator Warren is part of the report below. 

 

Manufactured Home Communities’ Dodd-Frank Moment Looms, Senator Elizabeth Warren Takes Aim at Several Manufactured Housing Institute Community Members

 

The response by the community operator was printed on plain paper (sans letterhead) to the Democratic lawmakers named. The written response was signed by Managing Partners J. Anthony Antonelli and Robison Pratt for Havenpark Management.

Note: publishing their response should not be construed as an agreement with their claims, but rather what it is – Havenpark’s formal position as submitted. An analysis will follow their letter. Dashed ———- lines represent division made in the original letter to denote footnotes in their reply. The companies address was cited at the top, and is not shown below, but otherwise, the letter is structured as in the original. The … indicate a break in the copy due to footnotes, to mimic the original. 

 

The Honorable Elizabeth Warren
309 Hart Senate Office Building
Washington, DC 20510

The Honorable Dave Loebsack
1211 Longworth House Office Building
Washington, DC 20515

June 18, 2019

Dear Senator Warren and Representative Loebsack,

This letter is in response to the letter we received from you dated May 28, 2019.

We respect, understand and agree with your concerns regarding the issue of affordable housing. Affordable housing is among the most pressing issues America faces today, and we are proud to be a small part of the solution to that crisis.

We strongly support the notion that solving the affordable housing crisis starts with preserving existing housing stock.1 Few types of real estate housing are more at-risk of disappearing than manufactured home communities located in commercial districts and other prime acreage of high-demand areas.2

Manufactured home communities are prime targets for developers of big box retail, luxury apartments, office buildings and other types of development.3 Tragically, this gentrification is occurring with greater frequency from all corners of the country in cities large…

 

—————-

1 Why Preserving Affordable Housing is More Important than Building it. May 15, 2017. Retrieved from http://www.icastusa.org/why-preserving-affordable-housing-is-more-important-than-building-it/

2 Sullivan, A. America’s Most Invisible Communities – Mobile Home Parks. August 10, 2017. Retrieved from https://www.ted.com/talks/esther_sullivan_america_s_most_invisible_communities_mobile_home_parks/transcr ipt?language=en

3 Turner, S.L. Mobile Home Park Redevelopment & The Loss of Unsubsidized Housing. May 2010. Retrieved from https://repositories.lib.utexas.edu/handle/2152/22331

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and small4 5. The results are disastrous – the unconscionable act of mass evicting all community residents – and are occurring at an alarming rate around the country6 7.

Preserving existing manufactured home communities is tantamount, but it is not enough. Those properties also need preliminary and ongoing capital upgrades, good maintenance, and helpful onsite property managers to ensure the property is a safe and clean community for all residents for the long term.

Havenpark is a regional operator of manufactured home communities. We are committed to preserving affordable housing by purchasing manufactured home communities and investing heavily in them – upfront, and on an ongoing basis – to ensure they are a secure, safe, clean and desirable place for our residents to live long-term.

Given the rapidly rising land values and rental rates across the country, Havenpark agrees there is a place for local, state and federal governments to pass legislation that would truly help the residents of manufactured homes. For example, the proposed legislation creating refundable tax credits for renters paying more than 30 percent of their income for housing are worthy of exploration. As are laws that would give mobile home park residents greater notice of rent increases before they can go into effect. Another proposal would benefit residents by providing federal tax incentives to owners of manufactured home communities if they sell the community directly to the residents. The current laws, rules and regulations likely need to be updated to protect both residents and landowners alike. Havenpark will continue to adhere to all current and future municipal, state, and federal rules regarding the operation of manufactured home communities.

We respect that as elected leaders you have the power to create real solutions. By looking at the affordable housing issue, real improvements are possible. To do that also requires a candid examination of the fiscal realities and costs. For example, one must acknowledge that had Havenpark not recently purchased manufactured home communities in North Liberty, IA and Waukee, IA – two of the fastest-growing areas in the region and country8 9 – they almost assuredly would have been sold to a developer that would have closed those communities –

 

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4 Mobile Home Parks at Risk of Redevelopment. September 25, 2018. Retrieved from https://www.statesman.com/NEWS/20180207/Mobile-home-parks-at-risk-of-redevelopment

5 Nearly 300 mobile homes lost since 2011. June 15, 2019. Retrieved from https://missoulian.com/news/local/affordable-housing-crisis-nearly-mobile-homes-lost-in-missoulacounty/article_a93950eb-7d0f-5c0c-89ec-7046511b3930.html

6 As land values rise in Phoenix area, mobile-home parks disappear. July 26, 2018. Retrieved from https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/07/25/mobile-home-parksdisappear-fewer-affordable-housing-options-metro-phoenix/789332002/

7 Half of Hennepin County’s Mobile Home Parks Have Closed. July 17, 2017. Retrieved from http://www.startribune.com/as-mobile-home-parks-close-attention-turns-to-how-to-protect-them/434708163/

8 Waukee, IA one of the 10 fastest-growing suburbs in the U.S. July 18, 2018. Retrieved from https://businessrecord.com/Content/Default/All-Latest-News/Article/Waukee-one-of-the-10-fastest-growingsuburbs-in-the-U-S-/-3/248/83265

9 North Liberty among fastest growing cities in Iowa. Retrieved from https://www.thegazette.com/subject/news/government/north-liberty-among-fastest-growing-cities-in-iowa20170525

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mass-evicting hundreds of residents – in order to repurpose that prime real estate into something more valuable. In this case, developers are who we outbid in order to make these two purchases in Iowa, securing long-term affordable housing for hundreds of Iowan families in the process. Havenpark is now in the process of making a substantial capital investment to ensure the communities are brought up to our operating standards and have sufficient upgrades and amenities to meet our residents’ needs. Market forces dictated the purchase price of those two properties, which went far beyond what the current income on rent provided. Taken together with the heavy capital commitment we’re making to ensure a good quality of life for our residents, we had to normalize the rents to the level of comparable manufactured home communities in the immediate area, otherwise we would effectively be “under water” and unable to preserve their current use. Even after normalizing rents, these two communities provide among the most affordable units in their respective markets with site rent leasing for approximately 30% of the cost of the average apartment in the area and are in-line with other manufactured home communities of comparable quality in those markets.

We do understand that any housing price increase is a burden, especially when residents haven’t seen rent increases that align with cost of living adjustments for several years. This was the case in the two Iowa communities referenced here. This is why after meeting with community residents from those two properties we decided to stagger the rent increases over a period of two years. This amounted to an increase in monthly rent of $75 (North Liberty) and $100 (Waukee) during the first full year of operations. This rent normalization was the cost of securing and preserving these communities.

Market forces continue driving housing prices and rental rates up. For example, it was recently noted that the average one-bedroom apartment rent in the Des Moines market experienced a 17% increase since last year10. Clearly, wages are not growing anywhere near that rate. Therefore, we believe there are some proposed policies and solutions that should be explored that would potentially mitigate the effects of such rent increases that many middle and lower income Americans are dealing with.

We also hope you acknowledge our financial investment which improves the properties and raises the quality of life for our residents. These include repaving streets, adding improved lighting, building dog parks, adding community playgrounds, renovating community centers, landscaping, and others. The biggest investment many Americans have is their home. These capital investments improve the value of our residents’ homes11 12, instill community pride, promote camaraderie among neighbors, and contribute to the overall well-being of our community residents.

 

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10 2019 Annual Rent Guide. Retrieved from https://www.apartmentguide.com/blog/apartment-guide-annual-rentreport/#Rent_Increases

11 Will a Manufactured Home Appreciate in Value? FAQ Retrieved from https://www.manufacturedhousing.org/faq/

12 New evidence shows manufactured homes appreciate as well as site-built homes. September 13, 2018. Retrieved from https://www.urban.org/urban-wire/new-evidence-shows-manufactured-homes-appreciate-wellsite-built-homes

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Our overall mission is to secure and preserve affordable housing across the country. We look forward to continuing to invest in our communities to make them attractive, safe, clean places for individuals and families alike.

We note that your letter requested Havenpark answer a long list of specific questions about our company. We have been advised by counsel not to respond point-by-point.

We hope to be of assistance in the discussion and formation of policies and regulations that would preserve existing affordable housing and create more options for affordable housing going forward.

Respectfully,

JAnthonyAntonelliHavenparkManagementRobinsonPrattHavenparkManagementSignedLetterSentorWarrenRepLoebsackMHProNews

 

The video below is from the Iowa City Press Citizen. Once more, this reflects the views of those speaking, and ads balance to the report.

 

 

MHProNews Analysis and Commentary

In our analysis, MHProNews will focus on a particular part of the Havenpark reply letter.  That portion of their letter is shown below, with each bullet as a line from paragraph 7, above.

  • Given the rapidly rising land values and rental rates across the country, Havenpark agrees there is a place for local, state and federal governments to pass legislation that would truly help the residents of manufactured homes.

The above quote is arguably an attempt at jiujitsu and posturing, as are other portions of their letter. Continuing with their next line:

  • For example, the proposed legislation creating refundable tax credits for renters paying more than 30 percent of their income for housing are worthy of exploration.

That second sentence from paragraph 7 is a reference to proposed legislation that would arguably shift the burden of rising rents to taxpayers. It’s a bold, de facto call for federal subsidies of their communities. Their third sentence:

  • As are laws that would give mobile home park residents greater notice of rent increases before they can go into effect.

Besides the errant use of terminology, this is disingenuous at best. Having re-calibrated after serious blowback in Iowa, Havenpark’s management well know that they can give ‘greater notice’ without a law. Posturing.

Sentence four, paragraph 7:

  • Another proposal would benefit residents by providing federal tax incentives to owners of manufactured home communities if they sell the community directly to the residents.

That’s a reference to a bill that bears scrutiny on several levels, see the report on that topic linked here. Let’s note that while MHProNews believes there are clear merits to resident owned communities (ROCs), those who believe they are a panacea or utopia are mistaken. The Millie Francis case reflects the vexing reality that ROCs that are improperly run can have their own problems: see that, linked here.

Final sentence, paragraph 7:

  • The current laws, rules and regulations likely need to be updated to protect both residents and landowners alike. Havenpark will continue to adhere to all current and future municipal, state, and federal rules regarding the operation of manufactured home communities.

Much of this obliquely reveals a concern that MHProNews and our sister site have raised on numerous occasions previously. The purported ‘black hat’ behavior in this matter unjustly creates a public perception that impacts others in the community world who don’t engage in such allegedly aggressive practices.  Further, mainstream media reports on scenarios like those involving Havenpark likely have a negative impact on new and pre-owned manufactured home retail sales too.

Restated, residents, potential buyers, and ‘white hat’ intendents are all among the ‘victims’ of black hat firms.

What Havenpark is doing is akin to what our publisher dubbed conquest capitalism, see the case for that, linked here. When organizations such as Warren Buffett led Berkshire Hathaway brands Clayton Homes and 21st Mortgage Corporation seemingly have escaped federal consequences – at least so far – for what’s described below, doesn’t that only embolden other operations to dare such misbehavior too?

 

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/

 

The industry’s good message is debatably clouded by such problematic behavior. See our prior report on the Havenpark linked controversy from the linked text-image box below.

 

Gannett Media Exposés, MH Community Owner Moves Sparks Outrage – IEDs of Manufactured Housing

 

While not every black hat firm is an MHI member, what John Oliver’s video obliquely revealed is that there is often a common tie between Buffett, Clayton Homes, MHI, and negative media.

 

 

Those bad news stories dwarf the exposure potentially positive events such as the Innovative Housing Showcase (IHS2019).

In the wake of such problematic media, as Havenpark and others have stirred up, is there any wonder that manufactured home sales are slipping instead of growing?

Not everything that goes wrong in the industry is purportedly caused by Buffett, Berkshire, Clayton, and MHI black hat brands.  That said, much arguably is.

In the related reports further below is a letter from a community leader that ought to spark thought among the industry’s ‘white hat’ operations.

That letter linked below the byline and notices could become part of the solution.  A second element that could rapidly play a useful role is to fully apply federal law, including the enhanced preemption clause of the Manufactured Housing Improvement Act (MHIA) of 2000. Again, for more, see the related reports below the byline and notices.

But a third element of the solution should include a new post-production trade association that stands up for the industry’s good post-production firms, and publicly denounces black hat behavior. Otherwise what happens is harmful to independent businesses and to potentially millions of Americans.

Havenpark, MHI, and others noted will be invited to provide their retort to these concerns in a letter to the editor.

 

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That’s today’s almost midnight edition of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, commentary.)

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

Related Reports:

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

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

Nathan Smith, SSK Communities, Manufactured Housing Institute Leader, Profitably Correcting the Record

 

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

 

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

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

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

 

 

 

 

 

 

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Drone Downed, U.S. Counter Paused, American Oil Refinery Blast, Social Media Raises Concerns – Plus, Manufactured Home Stock Updates

June 21st, 2019 Comments off

CNNmone6.21.2019ManufacturedHomeStocksMarketsReportsMHProNewsThere is no evidence mentioned at this time in mainstream media that the blast and blaze at a Philadelphia oil refinery has any ties to terror. That doesn’t keep social media from lighting up with speculation on that very topic. Facts and speculation are two distinct things. Our report this evening will be on the oil blast, blaze and its expected. On a day when most manufactured home tracked stocks slid, we’ll take a look at reports about the MH-industry critical topic of oil.

 

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.

 

LeftRightMediaDivideGraphicDailyBusinessNewsMHProNewsCNNFoxNewsCNBCYahoo

CNN Business

  • The Philadelphia refinery that exploded early Friday had years of financial troubles in its past
  • NASA wants astronauts to go back to the moon in 2024. Is it possible?
  • Airlines are canceling or re-routing flights near Iran after an American drone was shot down
  • Dow disappoints in last minutes of trading
  • Blue Origin test fires its BE-7 rocket engine
  • Gas prices keep falling. Will the refinery fire change that?
  • US details new restrictions on Chinese supercomputer companies
  • Bitcoin’s march to $10,000 propelled by Facebook and the Fed
  • Sprint-T-Mobile decision delayed amid DOJ antitrust negotiations
  • Facebook reverses ban on Led Zeppelin album cover
  • The top prosecutor on Robert Mueller’s team is writing a book
  • Private prison stocks fall after Elizabeth Warren says they should be banned
  • One of these 12 women astronauts will go to the moon
  • Pixar looks for another box office hit with ‘Toy Story 4’
  • The world is crazy and the dollar is lower. Gold is above $1,400 for first time in years
  • Electric planes herald new era for aviation
  • Future Toyotas will automatically turn off
  • Fly inside Uber’s new air taxi cabin
  • This airless tire could eliminate flats
  • Toyota sets aggressive new target for electrified cars
  • Slack is now worth more than $20 billion
  • Slack is ruining my life and I love it
  • Why Slack chose a direct listing instead of an IPO
  • How Slack changed the way we work
  • Slack is a runaway success in the US. But can the ’email killer’ translate worldwide?

Fox Business

  • US manufacturers blame trade wars for slip in record-level optimism
  • Stocks close down but still notch weekly gains
  • Trump halted Iran counter-strike to spare estimated 150 casualties
  • Americans in France could be paid as much as $300M in back taxes
  • Zion Williamson’s NBA salary after tax hit
  • Boeing to launch astronauts to the Int’l Space Station in new capsule
  • Mnuchin: Iran must address ‘systemic money-laundering’ or face international audits
  • Higher salary may be predicted by this behavior in kindergarten, study finds
  • Toys R Us to reopen stores in the US later this year: report
  • AOC-backed economic theory should be ‘dismissed at your peril,’ expert cautions
  • Here’s how well Siri, Alexa and Google Assistant do recognizing prescription names
  • Median age in US rises to 38: How it may impact health care, entitlements
  • Women in college-educated workforce make breakthrough, study finds
  • Google stops making tablets, halts production on unreleased models: report
  • These cities have the most millionaires looking for love, dating app reveals
  • United Airlines, other carriers divert flights from Iranian airspace amid US tensions
  • Fed’s Bullard argues interest rate cut is ‘insurance’ against rising risks
  • McDonald’s testing automated drive-through ordering, robot fryers in Chicago
  • T-Mobile-Sprint deal faces opposition from four US states

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

9MarketIndicatorsYahooFinance6.21.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

DroneDownedUSCounterPausedAmericanOilRefineryBlastSocialMediaConcernsManufacturedHomeStockUpdates

Photo from local media as shown at the top right.

The Brunswick News reported about two hours ago that “Deputy Fire Commissioner Craig Murphy says the blaze at Philadelphia Energy Solutions started in a tank that holds a mix of propane and butane.

Left-of-center CNBC reported:

·        A series of explosions tears through a Philadelphia gasoline refinery, the East Coast’s largest, just as the busy summer driving season was beginning.

·        Five minor injuries were reported. 

·        Gasoline futures prices jump.

 

As we’ve noted previously on the Daily Business News on MHProNews, fuel prices can have a significant impact on the cost of manufactured housing.

Our prior reports, linked below, on the impact and wrinkles on the oil-Iranian issues stand, with this caveat. If – God forbid – terror attacks were to start on U.S. or other significant global refineries, Katy bar the doors.

As someone who speaks Farsi, this is why the West should not allow Iran to ever have a nuclear weapons.

See the in the related reports, below.

 

BiggestOilRefineriesCNBCDailyBusinessNewsMHProNews

 

Related Reports:

Iran Downs US Drone, Why Didn’t Oil Jump Higher? Plus Manufactured Housing Stock Updates

 

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

 

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).

ManufacturedHousingIndustryConnectedStocks6221019DailyBusinessNewsMHProNews

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.”

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News Tip – Cavco Industries Legal Woes with SEC, Insider Insights

June 21st, 2019 Comments off

 

NewsTipCavcoIndustriesLegalWoesSECInsiderInsightsCavcoLogoManufaturedHomeIndustryMHProNews

Over a dozen law firms and scores of attorneys on all sides of the Joe Stegmayer controversy have poured over what has transpired before, during, and since Cavco Industries announced on November 8, 2018 the Securities and Exchange Commission (SEC) subpoena that sent their stock’s (CVCO) value plunging.

 

The Daily Business News on MHProNews routinely hears from a variety of well-placed sources related to this matter.

 

Among them, an attorney sent the following.

Checking the SEC-EDGAR system, Cavco has filed an amendment to their 2019 Shareholder meeting proxy form relating to the Board and Committee meetings attended by each Board member — no substance, just numbers — but look at the number of meetings and “sessions” related to the SEC Stegmayer investigation

The entire tip, which is according to information submitted to the SEC, follows. A key line, not to be missed in what follows, is this pull-quote:

  • “…the Board and the committees of the Board held during fiscal 2019. Page 13 of the Original Proxy Statement included disclosures that there thirty-three (33) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which eighteen (18) were Sessions. This disclosure was incorrect; there were forty-eight (48) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which thirty-three (33) were Sessions.”

With that tee up, here is the formal Cavco supplemental proxy statement, as provided.

 

____________________________

 

This Proxy Statement Supplement (“Supplement”) provides additional, clarifying and corrective information with respect to the Cavco Industries, Inc. (“Cavco” or the “Company”) 2019 Annual Meeting of Stockholders, to be held on July 9, 2019 at 9:00 AM (local time), at the Company’s corporate offices located at 3636 North Central Avenue, Suite 1200, Phoenix, Arizona 85012.

On or about June 6, 2019, the Company filed with the SEC and mailed to our stockholders of record as of May 24, 2019 a proxy statement (the “Original Proxy Statement”) describing the matters to be voted on at the Annual Meeting. All capitalized terms used in this Supplement and not otherwise defined herein have the meaning ascribed to them in the Original Proxy Statement. This Supplement should be read in conjunction with the Original Proxy Statement. 

The Original Proxy Statement included various disclosures and tables describing and disclosing the number of meetings of the Board, the Audit Committee, the Compensation Committee and the Corporate Governance and Nominating Committee that were attended by each of the Company’s directors during fiscal 2019.

This Supplement is being provided to supplement, clarify and correct certain of these disclosures relating to the number of total meetings of the Board and the committees of the Board held during fiscal 2019. Page 13 of the Original Proxy Statement included disclosures that there thirty-three (33) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which eighteen (18) were Sessions. This disclosure was incorrect; there were forty-eight (48) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which thirty-three (33) were Sessions.

The table and narrative below replaces in its entirety the table and narrative on page 16 of the Original Proxy Statement under the heading “Board and Committee Meetings” to: (i) provide corrected information with respect to the number of Audit Committee meetings in 2019 consistent with the previous paragraph, (ii) provide the total number of meetings for the Board, the Audit Committee, the Compensation Committee, the Corporate Governance and Nominating Committee and the Legal Compliance & Oversight Committee, and (iii) provide supplemental clarifying disclosure about the directors attendance at Board and committee meetings during fiscal 2019.

CavcoIndustriesCVCOProxySupplmentalStatementSECfilingManufacturedHousingIndustryMHProNews

Click on this image and download, then open, to see the full size for easier reading.

— ## —

 

MHProNews asked one of the attorneys to comment, and received this response: “…what’s especially interesting is the large number of meetings and “sessions” of the audit committee relating to the investigation…Also speculation, but I have to think that what’s happening is potentially serious, based on the amount of time that’s obviously being put into it and other steps they’ve taken.” 

Put differently, there is a lot of defense going on, which implies that there is plenty of offense facing Cavco by shareholder plaintiff’s attorneys, the feds, and perhaps others at play too.

Oddly, Stegmayer has continued on as MHI Chair.

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.

 

For added context and history, see the related reports, further below the bylines and notices.

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

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.

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

Related Reports:

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

EQUITY ALERT: Levi & Korsinsky – Investigation Possible Fraud by Certain Officers and Directors of Cavco Industries, plus MH Stock Updates

Cavco Industries (CVCO) Officials Issue Several Warnings

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

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

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

“Monopoly” in Manufactured Housing Alleged by George Allen, MHI Defender’s Turn by former Community-Investor, Self-Claimed EducateMHC Blogger

 

 

 

 

 

 

 

 

 

 

 

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


Amidst Controversy, CoreLogic’s Special Report on Investor Home Buying Trends

June 21st, 2019 Comments off

 

AmidstControversyRalphMcLaughlinCoreLogicSpecialReportInvestorHomeBuyingTrendsDailyBusinessNewsMHProNews

What follows is a scenario that sheds light on affordable housing – and thus impacts manufactured home professionals and the home buying public – in several ways.

 

There may be absolutely no connection to the fact that CoreLogic, which received a letter related to an antitrust probe by the Department of Justice, per Inman and the Real Deal, has just published a new special report on investor home buying trends.

 

Posted on the CoreLogic blog on 6.20.2019 by the firm’s Deputy Chief Economist, Ralph McLaughlin, is a report styled a “deep dive into investor homebuying activity” – some 1250 words plus graphics – for the year 2018. DSNews and Newsmax are among the sources that have reported on this study.

 

RalphMcLaughlinPhotoDeputyChiefEconomistCoreLogicDailyBusinessNewsMHProNews

 

McLaughlin says that “By the end of 2018, the investment rate in the U.S. housing market reached 11.3% – the highest rate since CoreLogic started tracking these data in 1999. The investment purchase rate in 2017 was the second highest on record at 11%, which was above the investor buying fury of 2012 – 2014 when purchase rates reached 10.3% – 10.9%.”

 

USInvestorHomebuyingRatesCoreLogicGraphicChartDataDailyBusinessNewsMProNews

To begin to properly understand the manufactured home industry, one must grasp the larger housing market, macrotrends, and the elephants in the room.

 

Smaller investors are responsible for increasing investor homebuying activity. This is in sharp contrast to the rise in large institutional investors in the years following the recession,” per CoreLogic.These so-called “mom-and-pop” investors grew from 48% of all investor-purchased homes in 2013 to more than 60% in 2018. Large investors – those who purchased more than 101 homes – nearly doubled their activity between 2000 and 2013 but have pulled back since the foreclosure crisis and now sit at 15.8% of purchases. Medium-sized investors – those who purchased between 11 and 100 homes – have also seen their share steadily fall, from a peak of 30% in 2010 to 22.7% in 2018.”

 

CorelogicUShomebuyingRatesByInvestorSizeManufacturedHousingIndustryDailyBusinessNewsMHProNews

While purported data from the Manufactured Housing Institute has at times been arguably  tilted to favor certain member firms, there is no known claims against CoreLogic for rigging their data findings.

 

We also found investor purchase rates were much higher among starter-homes. The share of starter homes purchased by investors peaked at over one-in-five homes over the past two years, with a rate of 20.3% in both 2017 and 2018,” wrote McLaughlin.

 

ChartGraphicDataThreeCoreLogicUSInvestmentsByHomePriceCategoriesStarterMoveUpHighEndManufacturedHousingMHProNews

 

That factoid clearly has significance to manufactured home sellers, investors, and affordable housing professionals.  More to the point, given the law of supply and demand, it is part of the reason why ‘starter homes’ are harder to come by for first-time and other affordable housing seekers.

CoreLogic, in their report linked here, also noted that “While there are several plausible explanations, we found investors are attracted to markets where rents are relatively high compared to purchase prices.”

That point coincides with issues that MHLivingNews and MHProNews have previously reported – spotlighted in part by the viral Seattle is Dying video, found in the analysis and report linked from the text-image box below.

 

A bottom-line takeaway from CoreLogic’s research? “…it’s a truism that homebuyers today are more likely to cross paths with investors during an open house than at any other time in the past two decades.” There full report is found linked here.

 

Hurdles, Headaches, and Challenging Opportunities

These facts and trends reflect problems and hurdles for millions.  But it is also an opportunity in disguise for the industry and its professionals, if…

 

 

…but only if, the kinds of problematic behavior that has been previously outlined by MHProNews and our sister site, MHLivingNews, are avoided or managed.  Two examples are linked above and below.

 

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/

 

These facts and trends also reflect a need for public officials to act to enforce the law on enhanced preemption, the Duty to Serve manufactured housing, and other laws already on the books that could transition millions from renting into a life of greater opportunity and wealth-creation through home ownership.

See our most recent report, linked below the bylines and notices.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

Be in the know! MHProNews is manufactured housing’s runaway most-read industry news, tips, and views pros can use. 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 today’s first episode of “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, commentary.)

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.)

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

 

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

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New HUD Videos of Secretary Ben Carson, Innovative Housing Showcase 2019, Surprising Manufactured Housing Institute Reveals

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

 

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

“Game On” – “Fighting Discriminatory Zoning” “Moral Obligation” Fix “Worsening Nightmare” – State Associations Entering Spotlight

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

 

 

 

 

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


New HUD Videos of Secretary Ben Carson, Innovative Housing Showcase 2019, Surprising Manufactured Housing Institute Reveals

June 20th, 2019 Comments off
NewHUDSecretaryBenCarsonInnovativeHousingShowcase2019SurprisingManufacturedHousingInstituteRevealsDailyBusinessNewsMHpronews

Still from third HUD video, posted below. Factory-built homes are visible in these videos. 

The inaugural Innovative Housing Showcase” (IHS2019) says the HUD YouTube page, “featured new building technologies and housing solutions that are making homeownership more affordable for American families and homes more resilient during natural disasters. The Showcase includes panel discussions, on-stage interviews, and demonstrations with exhibitors, lawmakers, entrepreneurs, and leaders in the housing industry.

 

 

HUD has posted these two videos, shown above and below.

 

 

This third video by HUD is their ‘wrap up’ video, and features a narrative by Secretary Ben Carson.

 

 

So, HUD continues to promote the importance and meaning of the Innovative Housing Showcase.

 

InnovativeHousingShowcaseTinyHouseExpedition6.20.2019DailyBusinessNewsMHProNews

A tiny house video was posted only 4 days ago, but the total views on this over half-hour length video dwarfs all of the MHI videos combined. Can’t MHI promote their own videos better than tiny house promoters?

What about others?

TinyHousesCribsWithCarsonBenCarsonInnovativeHousingShowcase2019-06-20_1909DailyBusinessNewsMHProNews

This is the Cribs with Carson video that MHProNews posted earlier this month.

 

It is interesting to note that the Manufactured Housing Institute has not made it easy to find their own vides from their own website.

ManufacturedHousingInstituteHomesonHillInnovativeHousingshowCasePage2019-06-20_1609DailyBusinessNewsMHPronews

In fact, on this date, we found no way to access MHI’s YouTube videos from MHI’s own website. 

HUDSecretaryBenCarsonSearchMHIWebsiteManufacturedHousingInstituteLogoWebsite2019-06-20_1606DailyBusinessNewsMHProNews

Why not?

ManufacturedHousingInstituteHomesonHillInnovativeHousingShowcase2019-06-20_1913

Secretary Ben Carson’s address to MHI in New Orleans is also still missing today.

 

 

These raise concerns reported at the link above. MHI backers, what say you?  How do you explain these obvious oversights?  Especially during a downturn?

 

BloombergShipmentProductionDataManufacturedHousingMHProNews2019-05-16_1057

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

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.)

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.

 

1) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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.

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

 

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

“Game On” – “Fighting Discriminatory Zoning” “Moral Obligation” Fix “Worsening Nightmare” – State Associations Entering Spotlight

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

 

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


Iran Downs US Drone, Why Didn’t Oil Jump Higher? Plus Manufactured Housing Stock Updates

June 20th, 2019 Comments off

CNNBusiness620-2019Dow30DailyBusinessNewsManufacturedHousingIndustryMHProNewsIf John Bolton and Secretary of State Mike Pompeo are advising President Donald J. Trump to take a quick march to war, it wasn’t evident today. Tonight’s focus will be on the impact on oil, with a peek at the broader market response too.

 

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.

 

LeftRightMediaDivideInfGraphicSharylAttkissonMHProNews

 

CNN Business – Top Headlines

 

•          Big Tech tries to duck new round of tariffs

·        Apple, Microsoft and others have asked the White House to be excluded from the latest China tariffs

•          Big Tech braces for first presidential debates

•          Dow closes 250 points higher, S&P 500 hits fresh record

•          Slack is now worth more than $20 billion

•          Oil prices spike after Iran shoots down American drone

•          Exclusive: Bank of America CEO warns about excessive corporate debt

•          Rupert Murdoch, 88, recovering after pneumonia

•          The smart money is hedging against the United States

•          Why capping H-1B visas from India would be such a big deal

•          These are the phones you need to access 5G in the US

•          Cannabis sales could hit $15 billion globally this year

•          Apple recalls batteries in some older 15-inch MacBook Pros

•          Slack is ruining my life and I love it

•          Ford says the 2020 Mustang Shelby GT500 is its most powerful car ever

·        Bank CEO says recession not in cards

•          Stocks are flying high on trade optimism. But investors are still concerned about these 3 things

•          Blackstone CEO says the trade war won’t cause a US recession in 2020

•          Investors are the most bearish since 2008

•          The dollar has never been so popular. So why is interest in the yuan and euro growing?

•          Tesla’s black paint just got more costly

•          Bentley’s new Flying Spur sedan can go 207 miles per hour

•          Jeep’s incredible popularity is one thing Renault could really use

•          Ferrari’s first plug-in hybrid supercar is also its most powerful

•          With its hands-free system, Nissan could beat Tesla at its own game 

 

Fox Business – Top Headlines

•          Trump condemns Iran for shooting down drone but says he finds ‘it hard to believe it was intentional’

•          S&P 500 soars to record high as investors expect interest rate cut

•          Slack shares jump nearly 50% in NYSE debut

•          Investing in Slack? Here’s how much money they’ve actually been making

·        Walmart to pay more than $282M to settle bribery charges[overlay type]

·        Apple, Black & Decker and Steve Madden among US companies moving production out of China. Here’s the full list.

·        New York, California high-tax state exodus just beginning, expert warns

·        Here’s where 2020 Democrats stand on slavery reparations

·        Sen. Tom Cotton, reacting to CEOs’ abortion rights ad, says ‘some things are bigger than the bottom line’

·        Will the Fed lower interest rates in July? Here’s what traders think

·        Walmart laying off nearly 600 corporate employees from its North Carolina office

·        What China’s youth thinks about America

·        Median age in US rises to 38: How it may impact health care, entitlements

·        NYC home prices plunge after SALT deductions capped

·        How this Minnesota millionaire received ‘hundreds of dollars’ in food stamps

·        Is Trump’s new deal with Mexico a game changer?

·        Celebrity nutritionist explains how you can eat what you want and lose weight

·        Bank of America CEO says company wants a ‘cashless society’

·        A former NFL athlete’s path from football to entrepreneurship

·        These are the most independent states in the US this year: report

·        Varney: When it comes to money, America makes it rain

·        Iran’s Strait of Hurmuz oil and gas juggernaut now in the cross hairs

·        Over 30 percent of US daily supplies of petroleum and liquified natural gas go through the waterway.

·        Drowning in debt vs. government shutdown: Which would you prefer?

 

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

10MajorMarketIndicatorsSPdowNASDAQRussellOilGoldSilverEuro10YrBondVIX-620-2019

 

Today’s MH Market Spotlight Report –

Related Reports:

IranDownsUSDroneWhyDidn'tOilPricesJumpHigherPlusMHStockUpdatesGulfOman602019

Still from second video, posted below.

 

Statements from Washington, D.C. today indicate that there is a delicate balancing act being attempted.  On the one hand, the U.S. sanctions on Iran are reportedly having an impact on their economy, as the first video from right-of-center Fox Business reflects.

Their Fox Business YouTube page says, “Heritage Foundation’s Margaret Thatcher Center for Freedom Nile Gardiner on U.S. tensions with Iran and trade negotiations with China. Tensions have escalated after Iran shot down a U.S. drone near the Strait of Hormuz.”

 

 

But what’s interesting is how the Trump Administration has responded. When President Trump floated the notion in this second video that this might have been a mistake or rouge actor, that potentially gives Iran a face-saving off-ramp.  Per the Fox Business YouTube page, “Foundation for Defense of Democracies’ Jonathan Schanzer and Liberty Oilfield Services CEO Chris Wright discuss Iran’s attack on a U.S. drone and how oil prices are being affected by the U.S.-Iranian tensions.”

 

 

The question is, does Iran want that off-ramp? Time will tell if they respond, properly, and promptly enough.

Those issues aside, a key interest for industry professionals beyond the national and international ones is the price of oil and the impact on stocks.  The 45th president’s measured statement calmed the markets, and stocks that initially retreated rose instead. 

 

TopGlobalOilProducersUSSaudiArabiaRussiaCanadaChinaIraq2019-06-20_1739DailyBusinessNewsMHproNews

Still from second video.

 

Because the U.S. has become the largest producer of oil and natural gas, the impact on crude oil, while significant, was mild compared to what something like this might have caused 4 or more years ago. Additional details on the impact of oil on manufactured housing is found in the related report, below.

Related Report

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

 

ManufacturedHousingIndustryConnectedStocksDailyBusinessNewsMHProNews

Updated:

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

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

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

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

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

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


Panicking Manufactured Home Community Residents Turning to Rent Control Demands

June 20th, 2019 Comments off

 

PanickingManufacturedHomeCommunityResidentsTurningRentControlDemandsDailyBusinessNewsMHproNews

Still from video, posted further below.

Residents of a manufactured home community in Marin County, California are stressing over announced rent increases that will hit them in July 1, 2019.

 

Per CBS local affiliate KPIX 5, the sharp spike may cause some to lose their homes.

It is part of a trend that has been sparking headlines in various parts of the United States.  Senator Elizabeth Warren (MA-D), and a 2020 Democratic presidential hopeful who has been rising steadily in the polls.  Senator Warren recently sent letters to several manufactured home community (MHC) operators that have drawn national attention in the wake of Last Week Tonight with John Oliver’s viral but errantly named “Mobile Homes” video.

KPIX’s report is posted below. 

 

 

Local media quoted resident Joan Dobkowski saying, More than half of us are on a fixed, retirement income, which means this kind of steep increase is not something that can be handled in that short time period.”

Because they’re almost doubling the rent when we sell our units for the new people,” Dobkowski said. “No one wants to move here. So, we’re losing our homes as well…we can’t sell them.”

Larkspur does not have rent control, though much of the rest of the county does.  David Levin, managing attorney for Marin Legal Aid, said “That’s something [signing a long term lease] the renters [community residents] are wrestling with right nowbecause they’ve been presented with a 5-year lease agreement and that could lock them into the rent increase schedule as proposed.”

They’re going to get less money or possibly even lose some or most of their investment,” Levin said. “In many cases, all these people own is the mobile home [sic].”

This concern is part of a larger trend in the industry, one that was highlighted by Last Week Tonight with John Oliver spotlighted.  MHProNews readers are reminded that in the wake of that report, before mainstream media reports hit, our sources in Washington, D.C. said they expected national blowback. A tangential topic that has tie-ins has drawn attention from several Democratic lawmakers, including 2020 presidential hopefuls. 

Rephrased, there are indications that issues like this one could get hotter.

Representatives for the Western Manufactured Housing Communities Association (WMA), the National Association for Manufactured Housing Community Owners (NAMHCO) and the Manufactured Housing Institute (MHI) were invited to weigh in on this and related controversies.  They have not responded as of 1:52 PM ET – but were also given an option to respond to our report once published. 

NAMHCO recently weighed in on another community-focused matter, linked after the byline and notices.

While not a producer issue, the Manufactured Housing Association for Regulatory Reform (MHARR) has weighed in on a related possible solution.  See that linked further below too.  MHProNews will continue to monitor this scenario.

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 afternoon installment of “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, commentary.)

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.)

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

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

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MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

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

“Game On” – “Fighting Discriminatory Zoning” “Moral Obligation” Fix “Worsening Nightmare” – State Associations Entering Spotlight

“Trailer Parks,” Presidential Candidate, Prior HUD Secretary Julian Castro on MH Community Operators, Residents Not Knowing Their Rights

Gannett Media Exposés, MH Community Owner Moves Sparks Outrage – IEDs of Manufactured Housing

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

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

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

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

 

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