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Posts Tagged ‘21st Mortgage’

Warren Buffett on Construction and Trucking Labor, Plus Manufactured Housing Markets Updates

July 18th, 2018 No comments

CNNmoney7.18.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe video below with Warren Buffett is perhaps more interesting for what it doesn’t say, than what it does.  That will be our focus report for this evening.

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

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

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

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

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

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

 

Select bullets from CNN Money…

  • Larry Kudlow: No recession in sight
  • Malta wants to become ‘Blockchain Island’
  • Warren Buffett may soon join the stock buyback party
  • What’s rattling investors?
  • Papa John’s founder says it was a ‘mistake’ to resign
  • Uber fills ‘critical’ role of chief privacy officer
  • Lloyd Blankfein is about to have a lot of job options
  • Why Europe’s record fine against Google won’t hurt the tech giant
  • Europe fines Google a record $5 billion
  • A history of Europe’s efforts to rein in Big Tech
  • Elon Musk apologizes to Thai cave rescuer for ‘pedo’ tweet
  • Reed Hastings is writing a Netflix book
  • Netflix stock is tanking, but Hollywood would kill for its problems
  • Brits can’t get enough of Netflix and Amazon Prime
  • Sinclair announces changes to its bid for Tribune to appease the FCC
  • The vanishing White House press briefing
  • CBS’ Jeff Glor interviews Trump as White House grapples with Putin controversy
  • Google’s latest move to crack China: A WeChat game
  • First it was Pfizer. Now Novartis has frozen drug prices in the US
  • Boeing looked into the future. Here are 3 things it saw
  • Texas Instruments CEO resigns over ‘personal behavior’
  • Leading AI researchers vow to not develop autonomous weapons
  • Cambridge Analytica’s Facebook data was accessed from Russia, MP says
  • Texas pumps so much oil that soon it may surpass Iran and Iraq
  • With the Jaguar I-Pace, electric SUVs are off to a great start
  • This could be the Rolls-Royce of flying taxis
  • Another problem for Tesla’s Model 3
  • Aston Martin put a V8 in this silly, tiny car
  • CEOs are dumping stock in their companies. Here’s what that means

Select Bullets from Fox Business

  • Papa John’s, Wendy’s discussed merger before founder’s resignation: report
  • Papa John’s shares spiked on the report.
  • Laundry Service firm: Papa John’s founder extortion claims ‘completely false’
  • US stocks trade in tight range following upbeat economic outlook
  • Google shares soar to record high, despite record high EU fine
  • Gold’s demise may be golden for US stocks
  • Economy is fragile, recession could occur, Harvard professor warns
  • Americans think this is the ideal age to retire, buy a house
  • Truck driver shortage throwing wrench into business activity: Fed
  • Trump reveals plans for new Air Force One paint job
  • Chinese theft of US intellectual property ‘greatest transfer of wealth’ in history
  • Tax cuts 2.0: What we know so far
  • JetBlue founder’s startup buys 60 Airbus jets in key step to getting airborne
  • Thanks to Amazon, Target just logged its best online sales day this year
  • What glitches? Amazon’s latest Prime Day made ‘history’
  • Putin banker describes minimal effect of Russia sanctions
  • Silicon Valley in danger of becoming obsolete, famed futurist warns
  • Overcoming stereotypes, blazing motorcycle trails
  • Elon Musk should avoid Twitter to run Tesla effectively: Varney
  • Why ‘tax reform 2.0’ could improve retirement security for middle class
  • Stock futures rise following upbeat economic outlook
  • Fed remains on track for further rate increases.
  • Oil prices fall on rise in U.S. stocks, demand worries
  • Brent crude hit a three-month low.
  • United beats earnings expectations
  • The airline said its profit is rising despite surging jet fuel costs.

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

9MarketIndicatorsYahooFinance7.18.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

WarrenBuffettCNBCConstructionTruckingJobsDailyBusinessNEwsMHPoNews

Warren Buffett is the well-known Chairman of the Berkshire Hathaway conglomerate. Berkshire in turn owns Clayton Homes, 21st Mortgage Corp, Vanderbilt and an array of other companies, some of which are noted in the link below. 

Buffett shared his take on construction, trucking and labor.  Notice what he didn’t mention?  In this clip, he spoke about their site builders, but not his manufactured housing unit – Clayton – which owns those conventional builders.  

 

 

Another big of Berkshire news is their announcement that they will more likely move on stock buy-backs, when they believe it is undervalued. 

That video is shown below.

 

Only 3 Options – the Elephant in the Room

 

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.18.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNewsBerkshire 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.

Talking Heads Melt Down, Stocks Rise, DoJ Statement, Bannon Says Look More at China, plus MH Market Updates

July 17th, 2018 No comments

CNNmoney7.17.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe Dow is continuing to recover, and other markets also rose today.  But for those who tuned into much of the hypertexturing media coverage since the US-Russia Summit in Helsinki yesterday, one could be left with the impression that the world was about to come to an end.  Far from it. With geo-politics driving much of the markets this year, that will be our spotlight report this evening.

 

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

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

Part of this unique business-daily feature provides headlines – from both sides of the left-right media divide – that saves 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.

 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Select bullets from CNN Money…

  • ·        CEOs are dumping stock in their companies. Here’s what that means
  • ·        nvestors should breathe easy — for now
  • ·        Amazon’s Prime Day is off to a red hot start, despite glitches
  • ·        Analysis: Netflix wants to be the future of TV. It isn’t there yet
  • ·        Netflix has its first hits in India. It needs a lot more
  • ·        EU and Japan sign trade deal covering a third of the world’s economy
  • ·        Goldman Sachs names David Solomon as next CEO

 

  • ·        The new CEO of Goldman Sachs is a part-time electronic dance DJ
  • ·        Judge vacates order requiring Los Angeles Times to alter published story
  • ·        Will Uber’s CEO still be able to save the brand’s image?
  • ·        Trump finds few defenders as news media covers his ‘betrayal’
  • ·        Will Elon Musk’s antics hurt his businesses?
  • ·        Warren Buffett gives $3.4 billion to charity
  • ·        Jeff Bezos is now worth more than Bill Gates and Larry Page combined
  • ·        Fed’s Powell: Best way forward is to keep raising rates
  • ·        With the Jaguar I-Pace, electric SUVs are off to a great start
  • ·        Corona’s parent sharpens pitch to Hispanic drinkers

 

  • ·        Looking for a home in Berlin or Budapest? Prepare to pay more
  • ·        hy Bank of America branches are disappearing
  • ·        Amazon’s Prime Day outages trip up shoppers
  • ·        Why oil prices are suddenly tanking
  • ·        News outlets rally around LA Times after judge’s controversial order
  • ·        Former oil CEO charged with exchanging corporate favors for personal loans
  • ·        ‘Helsinki has frozen over’: Late night blasts Trump-Putin summit
  • ·        The best stock this year isn’t Netflix. It’s…
  • ·        Wall Street’s $6.3 trillion man is worried about a trade war
  • ·        This could be the Rolls-Royce of flying taxis
  • ·        What your Venmo transactions say about you
  • ·        Uber is under a federal investigation for gender discrimination

Select Bullets from Fox Business

·        Tax cuts 2.0: What we know so far
·        Rep. Brady: We would like to vote on a new tax bill by September
·        Walmart mulls video streaming service to rival Netflix, Amazon: report
·        Banking analyst predicts next bubble about to burst
·        Nasdaq hits fresh record as investors confirm love for tech
·        Key retirement changes to watch for
·        Papa John’s founder alleges extortion, says he shouldn’t have resigned
·        MLB All-Star Game bonuses: What winning players will earn
·        Why Amazon is the ‘Roman Empire’ of the retail world

·        Microsoft CEO calls for AI regulation of facial recognition technology
·        Fed’s Powell: ‘Several years’ of strong jobs, low inflation still ahead
·        Rolls Royce designing its first flying taxi

·        ESPN to broadcast an eSports competition with a $1.4M prize
·        Trump has firm grip on Republicans, while Democrats become more divided: Varney
·        Walmart, Microsoft take aim at Amazon with cloud tech
·        How much will Microsoft’s pivot to the cloud boost quarterly earnings?
·        This Under-the-Radar Ancillary Marijuana Stock Just Reported a Near-Tripling in Q3 Sales
·        This ancillary pot stock offers plenty of potential, but industry maturation is sorely needed.
·        Germany, EU launch talks on Russia-Ukraine gas transit
·        Markets Right Now: After an early wobble, stocks turn higher

 

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

9MarketIndicatorsYahooFinance7.17.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

DOJIndictmentsLogoDailyBusinessNewsMHproNews

DOJ logo provided under fair use guidelines.

Much of the mainstream media reporting, including several on both sides of the political aisle – even several on sources like Fox News – could leave one with the impression that President Donald J. Trump “committed treason.”

What?  Didn’t President Barack Obama say less than 2 years ago that there was limited value or no use to even trying to get Russian President Vladimir Putin to admit that they meddled in the 2016 election?  Who’s watch did the meddling take place on? Rephrased, hypocrisy and a lack of clear-headed analysis were on full display in roughly the last 30 hours.

The key fact being overshadowed is what Special Counsel Robert Mueller’s investigator’s obtained a grand jury indictment of 12 Russians revealed.

In a release to the Daily Business News on MHProNews, the DoJ headline read as follows.

Grand Jury Indicts 12 Russian Intelligence Officers for Hacking Offenses Related to the 2016 Election.”

The last 3 paragraphs of the DoJ press release begin the key point for Americans to consider.

 

There is no allegation in the indictment that any American was a knowing participant in the alleged unlawful activity or knew they were communicating with Russian intelligence officers. There is no allegation in the indictment that the charged conduct altered the vote count or changed the outcome of the 2016 election,” stated the DoJ release.

Rephrased, there was no collusion or allegation of a criminal tie in between the Trump campaign and these alleged Russian offenders.

The DoJ also said, “Everyone charged with a crime is presumed innocent unless proven guilty in court. At trial, prosecutors must introduce credible evidence that is sufficient to prove each defendant guilty beyond a reasonable doubt, to the unanimous satisfaction of a jury of twelve citizens.

This case was investigated with the help of the FBI’s cyber teams in Pittsburgh, Philadelphia and San Francisco and the National Security Division. The Special Counsel’s investigation is ongoing. There will be no comments from the Special Counsel at this time.”

With that backdrop, CNBC will be doing an interview with former Presidential adviser Steve Bannon. Readers may recall that the president distanced himself from Bannon, after some odd statements in the aftermath of one of the anti-Trump books that Bannon was commenting on at the time.

But that was then, and now Bannon is giving a full-throated defense of the president. He said that the greater threat is China, not Russia.

Per CNBC,President Donald Trump’s former chief strategist Steve Bannon said Tuesday that Trump needs to end the Cold War on “our terms,” a day after the president appeared with Russian leader Vladimir Putin in Finland.”

POTUS knows he needs to end the Cold War on our terms, and unite the West against the rise of a totalitarian China,” Bannon told CNBC’s Michelle Caruso-Cabrera.

The reality is that the Russia, China, the U.S., England, France, Israel, Iran, North Korea and on down the list of nations meddle in the internal affairs of other countries.  Each of those nations, and dozens of others, have done so for years. This is a sad display of a lack of understanding of history and political realities.

The strengthening of NATO that is being brought about by President Trump’s leadership is clearly aimed against Russia.  President Putin no doubt understands that reality. U.S. voters should too. “We Provide, You Decide.”  © 

 

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.17.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

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

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

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

“From Impossible to Inevitable,” Black Fly, plus Manufactured Housing Market Updates

July 16th, 2018 No comments

CNNmoney7.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere’s not much of a direct link between the newly unveiled BlackFly personal flying vehicle and manufactured housing. So why bother?  Because it is one of a range of technologies that could transform travel, especially for commuters.  That in turn could make living in a more rural area appealing, and thus offer additional options for housing seekers, which include manufactured homes.

 

Black Fly will be our fun, video focus tonight.

 

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, just before the tracked stock closing tickers.

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

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

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

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

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

 

Select bullets from CNN Money…

  • Uber is under a federal investigation for gender discrimination
  • Jeff Bezos worth $150 billion as Amazon hits all-time high
  • Why oil prices are suddenly tanking
  • Will Elon Musk’s antics hurt his businesses?
  • Former oil CEO charged with exchanging corporate favors for personal loans
  • Wall Street’s $6.3 trillion man is worried about a trade war
  • Why Bank of America branches are disappearing
  • Adidas joins the fight against plastic
  • Papa John’s founder kicked out of his office
  • China’s economy slows just as the trade fight begins
  • The best stock this year isn’t Netflix. It’s…
  • Elon Musk makes unfounded accusation against Thai cave rescuer
  • Analysis: Big tech isn’t as interested in media as we thought
  • How companies change their packaging without alienating customers
  • Judge’s order for LA Times to alter published story sparks outrage
  • How innovation saved Detroit
  • FCC chair expresses ‘serious concerns’ about Sinclair’s bid for Tribune
  • Deutsche Bank is making money again
  • China is making it harder to invest in smartphone maker Xiaomi
  • Will Uber’s CEO still be able to save the brand’s image?
  • Box office hero: Why ‘The Rock’ is ‘a franchise unto himself’
  • Twitter suspends 2 accounts linked to Russian intelligence after hacking indictment
  • The Justice Department drove a stake through the heart of Comcast’s bid for Fox
  • Firm that designed Ferraris is making a 250 mph electric supercar
  • What happens when brands try to go green
  • Wells Fargo finds even more customers that it overcharged
  • How do you rebrand Papa John’s when the problem is Papa John?
  • Papa John’s to remove founder’s image from ads
  • ZTE can once again do business with American companies
  • Justin Bieber and Katy Perry among Twitter users hit hardest by follower purge
  • JPMorgan Chase makes $8.3 billion profit thanks to ‘healthy’ US consumers
  • Wells Fargo’s scandals are hurting its bottom line
  • Larry Page invests in another flying car startup
  • Uber teams up with Lime scooters for latest non-car offering

Select Bullets from Fox Business

  • Trump touts US energy, will compete against Russia’s gas pipeline to Germany
  • Trump, Putin summit: Top economic issues
  • Putin bashes financier Bill Browder’s business associates over taxes
  • Implications of Russia aggression in Middle East
  • Putin announces creation of ‘high level working group’ for entrepreneurs
  • Amazon shrugs off boycott ahead of Prime Day
  • Boeing starts air show with order for jets worth $4.7B
  • FCC chair voices ‘serious concerns’ about Sinclair-Tribune deal, stocks tumble
  • WWE can rake in billions with these deals
  • BlackRock is evaluating cryptocurrencies, CEO says
  • Lockheed likely to lower F-35 cost for new Pentagon contract
  • ETFs for a recession
  • US consumers give retailers something to cheer about
  • International flows into ETFs outpacing US flows: Tom Lydon
  • 5 years after declaring bankruptcy, Detroit reborn at a cost
  • Amazon Prime Day 2018: How to score the best deals
  • Why do Baby Boomers start their own business later in life?
  • Boomers cited positive reasons for pursuing business ownership in 2018.
  • Global Trade War Fears Stunted ETF Industry Growth
  • What Should You Make of 3M Company Stock’s 16.4% Drop in 2018 So Far?
  • Don’t read much into 3M stock’s weakness.
  • Dominion gets 1st level of approval to merge with SC utility
  • US: Sanction exemptions open to those reducing Iran imports

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

9MarketIndicatorsYahooFinance7.16.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

BlackFlyVTOLForbesManufacturedHousingIndustryDailyBusinessNewsMHProNews

The headline quote is from the video, posted below.

CBS this Morning broke the story last week about the first public look at the previously secret Silicon Valley facility where the aircraft called “Blackfly” is being built.

If the reports end up accurate, someone could buy a manufactured home, plus buy one of these VTOLs (Vertical Takeoff and Landing) and still be dollars ahead from purchasing a similar sized conventional house.

 

 

Forbes observes that BlackFly has more of a UFO look to it than other VTOLs and personal flying vehicles out there.

Utilizing eight small rotors spread across two parallel wings, it takes off by sort of rolling on and off the ground via its rounded belly, which makes it look a little bit like an old school rocking horse,” said Forbes.

Opener is the firm that is building the craft. They say it designed BlackFly with “triple-modular redundant flight systems, control surfaces, and sensors” to ensure safety and has flown over ten thousands miles of test flights.

There’s an auto-landing and return-to-home features to add extra usability.

Opener says the single passenger, joystick-operated system requires no formal licensing in the U.S. to fly, but the company will mandate that users take the FAA Private Pilot written examination and complete its own operator training.

At present, the system won’t be useable over a city. But as the technology develops, restrictions are likely to be eased, especially since others such as Google and Uber are developing their own flying vehicles.

Perhaps the more likely candidate to disrupt potential commutes affordably is the hyperloop.  For our recent report on that, click the below.

The bottom line for industry professionals and investors is this.  It should be obvious that the industry must continue to pursue what MHARR president Mark Weiss said was the full implementation of the Manufactured Housing Improvement Act of 2000.  That would include enhanced preemption.

But that other development – namely that technology could allow more to commute more readily from a more rural to a more urban or suburban locale – is not to be missed.

It is one of several developments that point to potentially brighter days ahead for manufactured housing.

Can the Hyperloop Benefit Manufactured Housing, Millions of Home Seekers? w/Videos

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(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.

Stocks Just Did What? Plus Manufactured Housing Industry Market Updates

July 13th, 2018 No comments

CNNmoney7.13.2018ManufacturedHomeStocksMarketsReportsMHProNewsFor the better part of the first six months of 2018, stocks on the Dow and other markets have reacted – mostly negatively – to a series headlines out of Washington, Beijing, North Korea, Canada, the Eurozone – you name it.  But today, after the so-called trade war – new tariffs – between the U.S. and China is already underway, and with tough talk with trading partners in NAFTA, Europe and Asia…the Dow just crossed 25,000 again, and the Nasdaq is perched near record territory. 

 

Check out our market focus for tonight.

 

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, just beyond the Market Summaries for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves 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.

 

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

Select bullets from CNN Money…

  • The Justice Department drove a stake in the heart of Comcast’s bid for Fox
  • ZTE can once again do business with American companies
  • Wells Fargo finds even more customers that it overcharged
  • Wells Fargo’s scandals are hurting its bottom line
  • Prices are rising faster than they have in six years
  • Justin Bieber and Katy Perry among Twitter users hit hardest by follower purge
  • JPMorgan Chase makes $8.3 billion profit thanks to ‘healthy’ US consumers
  • How do you rebrand Papa John’s when the problem is Papa John?
  • Papa John’s to remove founder’s image from ads
  • Papa John’s was already losing the pizza wars
  • Trump ratchets up ‘fake news’ rally cry overseas during UK visit
  • Britain probably can’t have what it wants with both the EU and the US
  • Google and Facebook could both be caught in the trade war
  • AT&T’s Randall Stephenson isn’t worried about Time Warner deal
  • Government appeals AT&T-Time Warner approval
  • US oil exports have more than quadrupled since 2015. That boom is now in danger
  • Apple is spending millions to clean up China’s environment
  • Ikea just delayed its big debut in India
  • MoviePass’ stock is 19 cents. The CEO says everything is fine
  • Northrop Grumman’s CEO is stepping down
  • Commerce Secretary Ross admits to ‘errors’ in failing to divest assets
  • Firm that designed Ferraris will make 250 mph electric supercar
  • Is the binge over for Netflix stock?
  • Another problem for Tesla’s Model 3
  • Apple’s MacBook Pros get a refresh
  • Airlines are starting to worry about rising fuel costs
  • India now has the ‘world’s strongest’ net neutrality rules
  • The US is fighting one of the world’s poorest countries over trade
  • Fighting with US on trade literally hurts our economic growth, EU says

Select Bullets from Fox Business

 

  • Dow hits 25K as it wraps winning week
  • S. stocks wrap winning week.
  • Amazon considers another business it could dominate
  • Big tech: Here’s where, and why, you should invest
  • Homeowners sitting on record equity, still afraid to take out loans
  • Rising interest rates are one reason homeowners are hesitant to take out loans.
  • UPS reaches tentative deal with union members
  • Justice Department charges make Mueller bulletproof: Judge Napolitano
  • What Amazon founder Jeff Bezos plans to charge for a trip to space
  • Instagram users hit with temporary outage
  • Papa John’s to stop using founder Schnatter’s image in marketing campaigns
  • Your gym membership could soon earn a tax break
  • AT&T CEO Stephenson ready to battle DOJ and win
  • Target offering deals on Amazon Prime Day
  • Meet the Shoe Surgeon, designer of $30,000 custom sneakers
  • Best and worst states for retirement
  • Justice Department to appeal AT&T-Time Warner case
  • Sun Valley Conference: Sinclair-Tribune deal nears DOJ approval

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

9MarketIndicatorsYahooFinance7.13.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

StockMarketGuysStaringManufacturedHousingIndustryDailyBusinessNewsMHProNews

U.S. stocks wrapped a winning week on Friday with the Dow Jones Industrial Average closing above the psychologically significant 25,000-point milestone, a one-month high,” said Fox Business. “The S&P 500, the broadest measure of stocks, reached a 5-month high and the Nasdaq Composite even better, sitting at a record. A string of new records for some big tech names helped drive the momentum as Amazon, Microsoft, Facebook and Google each hit all-time highs Friday.”

 

Outside of tech, the broader momentum on the final trading day of the week was powered by solid earnings reports from a handful of big banks and easing concerns over a prolonged trade war,” per Fox Business.

A growing range of voices are saying something similar to what the White House has said.  They expect revised trade deals to begin to emerge in the days ahead. Germany and others are signaling deals to come.

Stay tuned.

There were more risers than sliders in manufactured housing markets.  See the Bloomberg tracked stock closing ticker, below.

 

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.13.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNewsBerkshire 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.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(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.

“Protecting & Promoting Competition” Stunned Defendant, as DOJ OK’s Anti-Trust Appeal, Plus MH Market Updates

July 12th, 2018 No comments

CNNmoney7.12.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe Department of Justice’s (DOJ) anti-trust division has the slogan, “Protecting and Promoting Competition.” It sums up why this issue matters to thousands of manufactured home industry professionals, and consumers. Rephrased, this rule could impact every manufactured home industry professional, regardless of what company or organization you are working for today.  The update on the anti-trust case will be tonight’s spotlight.

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, just beyond the Manufactured Housing Composite Value for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

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

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

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

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

 

Select bullets from CNN Money…

  • MoviePass stock is 19 cents. CEO says everything is fine
  • Why investors should worry about plunging copper and soybean prices
  • Is the binge over for Netflix stock?
  • Nike’s digital reboot is working
  • US-China trade brawl threatens America’s booming oil exports
  • India now has the ‘world’s strongest’ net neutrality rules
  • Airlines are starting to worry about rising fuel costs
  • Britain wants to do more business with America. Its plan for Brexit won’t help
  • Uber saved its London business. Europe may be tougher to crack
  • Europe says trade fight with US will hurt economic growth
  • The US is fighting one of the world’s poorest countries over trade
  • Stitch Fix wants a piece of the kids’ clothing market
  • Why perks aren’t the answer to employee retention problems
  • The crippling US ban on ZTE is almost over
  • Tesla ‘whistleblower’ tells SEC carmaker misled investors and put customers at risk
  • Papa John’s chairman resigns after using N-word on conference call
  • Robinhood expands crypto offerings
  • Comcast outbids Fox in the fight for Sky
  • Rupert Murdoch plans new Sky bid
  • Buying Fox would make Disney the ‘Walmart of Hollywood’
  • Business Insider columnist quits after Scarlett Johansson story deleted
  • Disney bets on eSports
  • Uber’s HR chief is out after a racial discrimination probe
  • The world’s most important business link is at risk
  • The US is running out of Chinese exports to tax
  • Can kitchen tech reduce excessive food waste?
  • Pfizer’s not the only drug company raising prices
  • 10 years ago: IndyMac collapses and starts a flood of bank failures
  • Germany’s not the only country that still needs cheap Russian gas

Select Bullets from Fox Business

  • Best and worst states for retirement
  • Justice Department to appeal AT&T-Time Warner case
  • Stocks rebound after tariff threat sell-off
  • Rising oil demand may outstrip supply, boosting economy
  • Importers snap up cheap US soybeans as China stops buying
  • Why Trump slammed Germany for gas pipeline deal with Russia
  • Wealthy investors find lucrative tax loophole
  • Netflix tops HBO in Emmy nominations amid spending push
  • Forbes faces backlash over dubbing Jenner a ‘self-made’ almost-billionaire
  • No more tickets? MLB fans will soon use fingerprints, facial recognition instead
  • Papa John’s Chairman Schnatter resigns after using racial slur
  • Tesla customers could lose thousands in tax credits next year
  • Microsoft may relocate jobs over Trump immigration policy
  • Higher living costs outrunning pay hikes
  • Monsanto to get flooded with thousands of cancer-related lawsuits
  • Why South Dakota is now ranked the best state to retire
  • Trump tariffs would do ‘opposite’ of tax cuts, retail experts warn

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

9MarketIndicatorsYahooFinance7.12.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.12.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

DOJFTC-AntiTrustProtectingPromotingCompetitionManufacturedHousingINdustryDailyBusinessNewsMHproNews

CNBC confirmed today the report broken last night by Fox Business and spotlighted in our topical curation for manufactured housing industry professionals.

Per CNBC:

  • Justice Department authorized the appeal of the Time Warner-AT&T merger
  • The AT&T-Time Warner merger was “won approval in June from a federal judge, who did not impose conditions on the merger.”
  • The Justice Department argues that the combined company would decrease competition and raise prices for consumers.
  • While there are legal authorities on both sides of this issue, there are those who believe that some of the concerns raised in this anti-trust deal, could apply to Clayton Homes, Berkshire Hathaway, and their associated lending units.

The updated video by Fox Business – made available to MHProNews less than an hour ago – is shown below.

The link to yesterday evening’s more detailed report – with links to several related issues and thus potential impacts Berkshire Hathaway, Clayton Homes, et al, is found in the report linked below.  Berkshire Hathaway slid a fraction today.

DOJ Anti-Trust Division Looking to Appeal Decision, Plus Manufactured Housing Market Updates

 

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.12.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

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

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(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.

DOJ Anti-Trust Division Looking to Appeal Decision, Plus Manufactured Housing Market Updates

July 11th, 2018 No comments

CNNmoney7.11.2018ManufacturedHomeStocksMarketsReportsMHProNewsDepending on who you ask in MHVille, the AT&T/Time Warner deal ruling either has little meaning for manufactured housing companies, or it may have real significance. What is now being revealed, is that the Trump Administration DOJ is considering an appeal.  That will be our focus for this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, just beyond the Manufactured Housing Composite Value for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

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

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

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

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

 

Select bullets from CNN Money…

  • Trade war? Here’s why investors should really worry
  • Why the Dow is getting left in the dust
  • Mohamed El-Erian explains the big risks investors face
  • Europe and the US have the world’s most important business ties
  • Foreign investment in the United States plunged 32% in 2017
  • Analysis: Will Brian Roberts lose it all?
  • Oprah expands her food empire
  • Twitter is purging suspicious accounts from your follower count
  • Facebook faces maximum fine in UK for data scandal
  • A Russian company also had access to Facebook user data
  • YouTube says it has a plan to stem the flow of ‘fake news’ videos
  • Apple and Google face questions on smartphone data privacy
  • Tim Hortons is moving into China
  • Pfizer freezes price hikes after Trump complains
  • Wall Street has Trump whiplash
  • Tickets for Sean Spicer book launch party going for up to $1,000
  • Tax cut triggers $437 billion explosion of stock buybacks
  • Germany isn’t the only country that still needs cheap Russian gas
  • India pours $305 million more into its money-losing airline
  • China is owning the future of cars. German automakers want in
  • Tesla is going big in China
  • How Thailand became the ‘Detroit of Asia’
  • The retirement mistake that could cost you $100,000 or more

 

Select Bullets from Fox Business

  •  Solicitor general balking at DOJ plan to appeal AT&T-Time Warner deal
  • Oil down 5% as new supplies cause traders to sell
  • Trump rally: Hottest sectors since Election Day
  • Stocks slide as US prepares $200B in tariffs on Chinese goods
  • China says will hit back after US proposes fresh tariffs on $200B in goods
  • Future of Fox entertainment assets in focus at Sun Valley conference
  • Papa John’s founder apologizes for using racial slur, shares sink
  • Kylie Jenner set to be the youngest-ever self-made billionaire
  • Macy’s data breach exposed credit card information for some online shoppers
  • Congress eyes truck driver shortage solution
  • Oprah just invested a ‘significant’ amount into this restaurant business
  • Monsanto to get flooded with thousands of cancer-related lawsuits
  • Tax law to make divorce proceedings messier
  • Trump ups NATO contribution target as allies lag on defense spending
  • Kavanaugh could make red wave probable in Senate come November: Varney
  • Will Comcast try to outbid Fox for Sky?
  • Feds order shut down of Vermont immigrant investor center
  • Why Fastenal Company Stock Popped 10%

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

9MarketIndicatorsYahooFinance7.11.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.11.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

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

Today’s MH Market Spotlight Report –

AntiTrustDivisionDeptOfJusticeManufacturedHousingIndustryDailyBusinessNewsMHproNews

Depending on who you ask in MHVille, the AT&T/Time Warner deal ruling either has little meaning for manufactured housing companies, or it may have real significance. What is now being revealed, is that the Trump Administration DOJ is considering an appeal.  That will be our focus for this evening.

 

Obvious disclosure, we are not attorneys nor are we the even more specialized class of lawyers and legal scholars who work on anti-trust related issues.

That said, in recent years, as MHProNews has covered periodically, concerns about Berkshire Hathaway, Clayton Homes, and allegations of monopolistic practices have been brewing.  The Seattle Time revealed what MHProNews readers already knew, namely, that federal officials are looking at several issues that involve Clayton and their lending related units, Vanderbilt Mortgage and Finance (VMF), and 21st Mortgage Corp. (21st).

As an FYI, there is an unrelated story about 21st and their lending that is brewing, which we plan to bring in the days ahead as the details become more clear.

Against that backdrop, the word that there is a battle within DOJ to appeal the AT&T case loss is noteworthy.  Fox Business’ Charlie Gasparino comments on the developments in this video. That said, the DOJ antitrust division is looking to appeal AT&T-Time Warner ruling, reports Charlie Gasparino.

 

 

Antitrust officials in the Justice Department (DOJ) have privately decided to appeal a federal judge’s approval of AT&T’s planned $85 billion takeover of Time Warner, but are facing resistance from the most important player in the process, the office of the U.S. Solicitor General.

 

The Fox Business Network has learned from people close to the DOJ’s antitrust division that an appeal of the landmark ruling by U.S. District Judge Richard Leon is all but a certainty if Solicitor General Noel Francisco approves the action.

But that approval, which is being sought by antitrust chief Makan Delrahim, faces resistance from the Solicitor General’s office, which must approve any appeal made by the DOJ either in federal courts or the Supreme Court, these people said.

The view in the Solicitor General’s office is that the government has limited capabilities of successful appeals and you don’t want to squander those on cases that are borderline,” said one government official who spoke on condition of anonymity,” said the Fox report.

Gasparino makes it sound like the anti-trust attorneys involved believed their odds are good.

That said, whatever the decision in this particular case, it supports the notion that in the foreseeable future, more anti-trust cases may be heard.  Will Clayton, 21st, VMF and Berkshire Hathaway be among them?  Or what about Amazon, Facebook and Google’s parent company, Alphabet?

Time will tell, stay tuned.

Related Reports:

Facebook, Marketing & News – Manufactured Housing Pros, Sarah Miller, ‘Citizens Against Monopoly’ Sound the Alarm

Breakup “Massive Power” of Giants, “Subvert Our Democratic Process” Says Senator Cruz, & MH CEO’s Call for “Fully Competitive Housing Access”

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

 

Bloomberg Closing Ticker for MHProNews…

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

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

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

7.11.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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

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

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

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

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

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

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

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

 

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

May 24th, 2018 Comments off

ClaytonHomesManufacturedHousingLogoManufacturedHomeINdustrytop25HUDCodeHomeBuildersDailyBusinessnewsMHPronews

There is nothing quite like pie charts, facts and figures to dramatically illustrate what has taken place in HUDVille – the manufactured housing industry – over the last several years.

Trend lines are important for lenders, investors, and business owners to be aware of, and these graphics should also be noteworthy to policy advocates, legal minds, and public officials too.

The first illustration below is from a 2004 issue of the MH Merchandiser Magazine. It shows the top 25 manufactured housing industry producers.  Please note that there is no similar listing that has been done for several years.  Why not?  Would the list of the facts of the top 25 producers of HUD Code manufactured housing prove alarming for independent retailers, communities, producers, suppliers, and others? Is it information that the Arlington, VA based Manufactured Housing Institute (MHI) doesn’t find useful to discuss?

Top25ManufacturedHomeMerchandiser2004ManufacturedHousingIndustryDailyBusinessNewsMHProNews600x929

To see a larger version of this same page, click here or the image itself.

The next illustrations are pie charts created by MHProNews, and based upon the sources as noted herein.

According to the data from the Merchandiser, Berkshire Hathaway purchased two significant manufactured housing brands in 2003.  The combination of Clayton Homes and Oakwood Homes that year, yielded just over a 21 percent market share.

ClaytonHomesOakwoodHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2003DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Harken back to the painful realities underscored by quoted statements made by Berkshire Hathaway Chairman Warren Buffett and 21st Mortgage President and CEO, Tim Williams in 2009.  Those direct – and in context – quotes are found in the Smoking Gun 3 report. The Kevin Clayton video, linked here, shows him saying that the market share of Clayton Homes in 2011 was 25 percent.  Let’s take Kevin’s statement at face value.

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2011DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Finally, the data supplied this year by Berkshire Hathaway – which does not precisely break down manufactured housing, modular homes and other models Clayton Homes builds – indicates that they held a 50 percent market share of manufactured housing in 2017.

ClaytonHomesBerkshireHathawayMarketShareofManufacturedHousingEndof2017DailyBuisnessNewsMHanufacturedHousingIndustryProNews

Note that trend line since the 2009 Smoking Gun 3 report time frame?  Prior to 2009, Clayton Homes grew modestly as a percentage of the industry’s shipment totals, as manufactured housing continued to contract.

Since 2010, Clayton Homes percentage of the industry has soared.  That’s put a number of the businesses listed in 2003, out of business, per the Manufactured Housing Institute’s (MHI) own data.  Ouch…

That trend-line, per concerned independent voices to MHProNews is a crushing one.  At what stage will federal regulators, and anti-trust authorities step in?  Recall that the Seattle Times has reported just days ago that the Department of Justice (DoJ), HUD, and others are investigating Clayton.

Please see the linked related reports, below. Bookmark this article, because you will want to share it with your circle of influence, and periodically refer back to the facts that this column provides.  “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

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

HUD’s New Man, Officials Statements, with Insider Info Beyond the Media Releases

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

MHI Lender Shakes Up DTS and MLO Rule Discussions

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

‘Tip of Iceberg’ – Rick Rand; Marty Lavin, Communities have ‘No Confidence’ in Manufactured Housing Institute, New National Trade Group Announced

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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

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

2) To provide 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 Resources

LATonyKovach-QuestioningNYSAAteam-NewYorkHousingAssociation-MHProNews-com-PhotoCreditMarkSimon-250x167

L. A. “Tony” Kovach, photo by Mark Simon, shows Kovach engaging with SAAs in NY.

By L. A. Tony’ Kovach, publisher of MHProNews.com.
Tony is the award-winning managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 5.6.2018 to 5.13.2018

May 13th, 2018 Comments off

SundayMorningManufacturedHousingINdustryResearchDataReportsHeadlineNewsRecap562018to5132018MHProNews

 

Millions could care less about politics. Many don’t want to talk about religion either. Especially those in business, who want to be able to serve as many people as possible, topics like that are almost a taboo.

Then there is “industry politics.”  Some only want to hear ‘good news.’  ‘We keep it positive’ was part of a longer thread of messages from an industry blogger.

Isn’t that like not wanting to know when it will rain, hail, snow – or if a hurricane is coming your way?

When the industry was on its heels in October of 2009, the year what’s known as MHProNews launched, there was a need then to get industry professionals to rally.  That required cheer leading, but it also required the facts that supported the reasons to be confident in our factory-built home – notably HUD Code manufactured home – industry.  But modular, prefab, conventional – all housing slid in those days

The automotive, RV, and conventional housing industry recovered more rapidly than manufactured homes did.  Why?  Document and fact laden Smoking Gun 3 will help answer that question.

MHProNews waited to see who among the industry’s trade voices would let the thousands who didn’t go to Las Vegas know that the MHI event was repeatedly disrupted by protestors. It’s on video. See that on the Masthead, because who else in the industry among industry trade talkers will bring you what is real?

We don’t want disunity,’ or ‘But we don’t want to hear negative things,’ some say.  Sure, we get that on the Daily Business News, but as an MD by training, I can tell you that patients don’t want to hear that they have a serious illness either.  Early treatment is the path to the cure.

The doctor, attorney, or account who tells you only what you want to hear can get sued for malpractice.  Don’t you want reliable information, not just happy talk?

As an MD and as a mother-to-be, I didn’t want to hear that our son Tamas wasn’t going to live.  But thank God, by prayer and daily action, he did live and while it required a complete change of plan for me personally, look at what a child who spent much of the first years of his life in a hospital looks like today.

DisplayModelTunicaManufacturedHousingShowTamasKovachAttendeeDailyBusinessNewsMHProNews

Tamas Kovach (pronounced like “TahMash CoVatch), is part of the MHProNews/MHLivingNews family, with a Tunica Show attendee. Numerous such photos are taken during the course of the event.

Sacrifices were made in my career for the sake of our son.  Because we faced a tough reality in the face – through that combination of action and prayer – the payoff with our son was priceless. Almost everyone who meets him rapidly says, how special he is.  At the affordable housing focus group, our son went from table to table, telling joke after joke, to the delight of the attendees, while the video cameras, mics. and lights were being set up.

Every child is special.  Every adult is too.

On MHLivingNews, where the industry truly needs something positive, we do that better than anyone ever in the history of the industry.  But we also use that site to disprove time and again the false and misleading concepts that are held by millions.  It is done factually, based upon evidence, using as often as possible third party research, actual home owners, or other experts. No one else in the history of the industry has produced more such research, useful, and positive content.

The industry still needs a level of confidence building.  But it also needs reality checks and fact checks so that those who hide the facts – who hide the real news, and what’s going on behind the scenes – are shown to be who they are.

In the real world, people do bad things to each other, like it or not.  You have to be ready for that, as a mature adult.

In medicine, you change the prescription and the treatment according to the evidence and to suit the case of the patient.  We pivoted on our format here on MHProNews several times, to suit the evolving situation and to follow the evidence, while following the money.

There’s an affordable housing crisis, and manufactured housing might break the 100,000 shipment mark this year.  That, to borrow HUD Secretary Ben Carson’s phrase, is “ridiculous.”  See Greener and Stylish to better understand just how ridiculous some of what’s been going on in MHVille truly is.

Or on the Masthead, see a report you have yet to see anywhere else in manufactured housing industry trade news or commentary.

Or look at the modular survey for a different reality check.  Some want to run to mods as the solution.  We embrace all kinds of factory built housing.  But if someone thinks that “going modular” alone is the answer, that survey is a wake up call.

The latest MH Industry BIG DEAL is below, with details not found in the official press release.

Not just those, but every story we publish is carefully curated to inform – and yes, inspire – industry professionals.

That’s why you made and keep us the runaway #1 trade media in the industry. That’s what third party facts reveal. Thank you for that confidence.  We don’t ever intend to betray it, even if it means tell you some tough realities. From the biggest names in the industry, to the mom-and-pops, and all in between – plus public officials, investors and others – they all flock to read here by the thousands daily. That’s just a fact.

FactsDetailsMatterScrabbleLettersManufacturedHomeIndustryDailyBusinessNewsMHProNews

On the nightly market report, we summarize headlines from CNN Money and Fox Business – about as different as you can get – just to give you a fuller sense of how dramatically different the same events are often covered.

We’ve done that for years.  It is called balance.  It’s called fairness. That’s what being truly pro-industry looks like.

Count on us to tell you what the evidence points to, what it means for industry professionals, so that you can better navigate your decisions and actions.  Then, you’ll understand this tag lines, MH “Industry News, Tips and Views Pros Can Use.” ©We Provide, You Decide.” ©

That said, let’s dive into your Sunday Morning Headline news recap…

 

What’s New on MHLivingNews

Evolutionary American Dream, from Tiny Trailer Houses, Mobile Homes, to “Amazing” Modern Manufactured Homes

Evolutionary American Dream, from Tiny Trailer Houses, Mobile Homes, to “Amazing” Modern Manufactured Homes

 

What’s New on the Masthead

Anti-MH Industry MHAction Protesters Have Struck Manufactured Housing Again, and Again

Anti-MH Industry MHAction Protesters Have Struck Manufactured Housing Again, and Again

 

May Featured Articles

http://mhmarketingsalesmanagement.com/featured-articles/may-2018 

FeaturedArticlesReportsMay2018ManufacturedHousingIndustryInterviewsDailyBusinessNewsMHproNews_001

What’s New on the Daily Business News

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Saturday 5.12.2018

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

 

Friday 5.11.2018

Reprieve in Community Closure Collision, Another Round Ahead?

Reprieve in Community Closure Collision, Another Round Ahead?

Hyperloop Nearly Complete, Pros, Cons, Videos, MH Impacts – Plus Manufactured Housing Industry Investor Market Reports, Data

Manufactured Housing Supporting VP Mike Pence in Elkhart, Indiana – Highlights

Manufactured Housing Supporting VP Mike Pence in Elkhart, Indiana – Highlights

White House Official Statement on Artificial Intelligence – Industry and Business Summit

 

Thursday 5.10.2018

Home Group Commissions YouGov Study, Most Don’t Understand Modular Homes

Home Group Commissions YouGov Study, Most Don’t Understand Modular Homes

Communities and Counties Pay People to Move There, Plus Manufactured Housing Industry Market Reports

Governor Signs new “Mobile Home” Act

Governor Signs new “Mobile Home” Act

Coldwater, Tall Grass, P&Z Battles, Manufactured Home Community Plan OK’d – Manufactured Housing and the Don Westphal Back Story

Coldwater, Tall Grass, P&Z Battles, Manufactured Home Community Plan OK’d – Manufactured Housing and the Don Westphal Back Story

 

Wednesday 5.9.2018

Uber Flying Taxis, Manufactured Housing Impact – Plus Manufactured Home Industry Market Data, Updates

Manufactured Housing and the Midterms, what did Democratic and GOP Primaries Signal?

Manufactured Housing and the Midterms, what did Democratic and GOP Primaries Signal?

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

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

Yes! Communities Closes on Major Deal, Added Insights Not in Media Release

Yes! Communities Closes on Major Deal, Added Insights Not in Media Release

 

Tuesday 5.8.2018

Manufactured Home Nonprofit Affordable Housing Initiative Brings Joy, But Hits Wall

Manufactured Home Nonprofit Affordable Housing Initiative Brings Joy, But Hits Wall

Stocks Mixed After POTUS Trump Announcement, Plus Manufactured Housing Industry Market Updates

Promoting Home Ownership and Private Property is Premised by Understanding This

Promoting Home Ownership and Private Property is Premised by Understanding This

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

 

Monday 5.7.2018

Warren Buffett on President Trump’s Tax Cut, Berkshire Video, Plus MH Stocks, Market Update$

Manufactured Housing Roadblock? BBC Reports “Trailer Park Living”

Manufactured Housing Roadblock? BBC Reports “Trailer Park Living”

Style or Substance? Lesson from Most Hated in America – Monday Morning Manufactured Home Sales, Marketing Meeting

Style or Substance? Lesson from Most Hated in America – Monday Morning Manufactured Home Sales, Marketing Meeting

Affordable Housing Revolt! Amazon’s Jeff Bezos Video Responds to “Breakup” Growing Monopoly, and Manufactured Housing

Affordable Housing Revolt! Amazon’s Jeff Bezos Video Responds to “Breakup” Growing Monopoly, and Manufactured Housing

 

Sunday 5.6.2018

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 4.29.2018 to 5.6.2018

Sunday Morning Manufactured Housing Industry Research, Reports, Headline News Recap 4.29.2018 to 5.6.2018

The above is just what the doctor ordered for this past week. Thanks to those who noticed that I took a little time off at the end of this past week, it was great, but glad to be back too. ## (Headline news, week in review, analysis, and commentary.)

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

MHI Lender Shakes Up DTS and MLO Rule Discussions

March 23rd, 2018 Comments off

MHILenderShakesUpDTSMLORuleDiscussionManufacturedHousingIndustryFinancingDailyBusinessNewsMHProNews

A veteran Manufactured Housing Institute (MHI) lender’s controversial comments to the Daily Business News are bound to shake up discussions about two hot button industry topics.

 

Those two subjects are:

  • the Duty to Serve (DTS) Manufactured Housing, mandated by Congress a decade ago, and
  • the Mortgage Loan Originator (MLO) Rule, established by the Consumer Financial Protection Bureau (CFPB) during the Obama Administration, and run under Richard Cordray’s leadership for several years.

A senior lender in manufactured housing, whose company is an MHI member, said that Triad Financial Services turned over their data to the GSEs “about 5 or 6 months ago.

The same informed source said that Credit Human, formerly known as CU Factory Built Lending, committed to turning over their data to the GSEs as well. That hand-off was reportedly more recent.

Therefore, the two Berkshire Hathaway owned lenders – 21st Mortgage Corp and Vanderbilt Mortgage and Finance (VMF) – were the 2 major holdouts.

The industry’s larger chattel lenders split along ‘party lines,’ with Berkshire Hathaway not providing data to the GSEs, and non-BH lenders providing data to Fannie Mae or Freddie Mac.

That loan performance data, said the GSEs, was needed to responsibly implement home-only “chattel” loans.

Despite assurance from MHI to members that they were doing ‘all that can be done’ to promote the Duty to Serve, the revelation that the Berkshire Hathaway owned lenders gave no data to the GSEs undermines that contention. MHI and the Berkshire Hathaway companies have previously been invited to clarify or confirm these concerns. Doesn’t their silence speaks volumes?

The comments confirmed once more the public statement in Tunica that Fannie Mae’s Paul Barretto made earlier this week, that Berkshire Hathaway failed to provide them with any relevant data.

According to Barretto, that meant that the bulk of the data they had was from the Conseco loan pool, which dated back to the late 1990s and early 2000, and were widely known for problematic origination and thus poor loan performance.

The combination of comments by the MHI lender and Fannie Mae’s Barretto underscored key revelations that help explain a decade of delays in implementation of the Congressionally mandated Duty to Serve Manufactured Housing.

That lack of data claim was in turn was used by the GSEs to do only a relatively modest pilot program by Fannie and Freddie. Those pilot projects are to be rolled out over 3 years, in support of the most affordable permanent housing in America.

 

Preserving Access…err…S. 2155

Once more, the potential for the Manufactured Housing Institute (MHI) to make a deal on the Mortgage Loan Originator (MLO) Rule – which some in media are mischaracterizing as “steering” – directly with the non-profit consumer groups was asserted by an MHI member lender.

Why does it matter?

First, because while the odds of passage on S 2155 are up, it is no guarantee that the manufactured housing amendment to the bill will survive a House/Senate conference committee.

2018-03-23_0736S2155ManufacturedHousingIndustryDailyBusinessNewsMHProNews_001

As or more important, the recent reveal by the lender and Barretto both belie MHI’s official claim that they’ve been doing everything possible to advance the cause of more lending in manufactured housing.

If Barretto’s public comment in front of dozens of industry pros, plus the MHI lender and other sources are to be believed, then what MHI claims “just ain’t so.”

As MHProNews exclusively reported, the lender noted above confirmed what other sources have already said, which is that the non-profit “consumer groups” were ready to deal on the MLO rule, so long as the points and fees that mostly Berkshire Hathaway lenders wanted would be dropped from Preserving Access.

IshbelDickensPhotoNationalManufacturedHomeOwnersAssocNMHOALogoDailyBuisnessNewsMHproNews

Dickens and others reportedly offered a compromise, which MHI declined. Consumers and independent industry professionals alike have suffered as a result.

 

As the MHI member lender told MHProNews, the art of compromise is the essence of political advancement.

Yet, “MHI’s leadership” was unwilling to compromise at all.

To rephrase, and emphasize – per our sources — MHI allegedly misled their own members and the industry at large

Why?

The likely answer has been supplied by the Manufactured Housing Association for Regulatory Reform (MHARR), which tacitly supported Preserving Access, but felt that bill had no chance for passage.

MHARR President and CEO, Mark Weiss, JD, said that every day that DTS isn’t fully and robustly implanted is “a gift” to the Berkshire Hathaway owned lenders.

MHARRMarkWeissIfCongressHadMeanttheDutytoServeToBeOptionItWouldNotHaveCalledItADutyDefintionofDutyIsMandatoryResponsibilityDailyBusinessNewsMHProNews

MHARR tacitly supported Preserving Access, but also privately felt the bill had no chance. Years later, they’ve been proven correct.

The same logic can be applied to S 2155.  By creating a burden for competitors, the larger Berkshire Hathaway companies could endure the discomfort, knowing it would cause their industry competitors even more pain.

MHARR has called for a congressional investigation of the DTS matter, and has hinted at other possible steps that they may take.  MHI’s failures – whatever the cause or motivation – to get meaningful relief, has resulted in hundreds of once independent retailers and several HUD Code home producers vanishing in a few short years.  That fact is demonstrated by MHI’s own data.

 

State Association Voices Largely Silenced 

Even more state association executives have privately confirmed for the Daily Business News what then MHI Chairman, Tim Williams, said after he took over a conference call.  Williams reportedly threatened and pushed reluctant state executives to promote the Preserving Access to Manufactured Housing Act with their state members (see Gold Rules report, linked below along with other resources for more details).

Yet, former MHI Vice President Jason Boehlert said in a formal statement that Preserving Access was unlikely to pass while then President Barack Obama was in the Oval Office. And it was Warren Buffett who supported then POTUS Obama’s reelection effort.

JasonBoehlertManufacturedHousingInstituteSeniorVPLogoMHIlogoQuoteMHProNews

Those numerous and clear disconnects between what MHI claimed, and what Warren Buffett did are so blinding, some fail to see it.

But a growing number are grasping the apparent sham of MHI saying one thing, while Buffett was personally working for the opposite.

The only logical implication is that MHI’s elected and staff leadership were driving the MH Industry at large into years of wasted and costly efforts.

Why?

Publisher L. A. ‘Tony’ Kovach has observed what other voices inside or outside of MHI have said. Berkshire Hathaway owned companies benefit if the Preserving Access bill passes, or not.

Furthermore, the longer more new HUD Code home shipments are diminished, the more retailers and communities sell out for less than their value, or are forced out of business.

That in turn would lead to more closures of the independent HUD Code producers, who once supplied the failed or consolidated independents retailers and communities.

IBISWorldAtlanticManufacturedHousingIndustryDailyBusinessNewsResearchReportsMHProNews

If MHProNews were the only source with these concerns, then one might be more inclined to dismiss it. But several sources inside and outside the industry raise the same or similar concerns. Where there is smoke, there is fire, right?

So while the affordable housing crisis rages, manufactured housing had the brakes put on it.  Frank Rolfe, an MHI member, said last year that the industry is its own worst enemy.

It’s a process the fits perfectly with Warren Buffett’s “the Moat” principle, which the two posted videos below confirm.  But for someone to really understand the issues Kevin Clayton and Buffett himself raise, they must do what Buffett does.  Invest the time to research and read.

What Buffett says in brief about “the Moat” – increasingly seen as a monopolistic plan – Kevin Clayton confirms in detail.

This is parallel to the reasons why the Nation recently named Buffett as a monopolistic player in industries, including manufactured housing.

The Nation specifically pointed a finger at Clayton Homes, and their Berkshire Hathaway sister companies.

 

They Win, While a Growing Number of Independent Businesses Lose…

 …or is There Another Option?

MHProNews has received multiple contacts from veteran attorneys who believe that an antitrust case could be made, by federal authorities, but also by independent businesses suing under civil antitrust laws that carry triple damages.

Among those attorneys are those who would do the case on contingency.

Meaning, the law firm collects only if they win the case or come to an agreed upon settlement. With many contingency cases, the attorney doesn’t require the normal hourly fee.  The reason an attorney does a case on contingency is because they believe they can get more by taking a percentage of a case, then the hourly fee would be. That reduces the risk for the plaintiff, while increasing the drive by the suing law firm.

As the nation is caught in an economic vice that the affordable housing crisis has fueled, manufactured housing is – as MHLivingNews touted years ago – the solution that’s hiding in plain sight.

MHI’s shadow boxing on regulatory issues has stymied and delayed the industry’s recovery. The very professionals who are paid to promote the industry, in this view, have been rewarded for failure to achieve any meaningful regulatory relief.

Given several on-the-record statements by

  • Clayton Homes CEO, Kevin Clayton,
  • Tim Williams of 21st Mortgage,
  • Warren Buffett’s well publicized principles,
  • and documents obtained by MHProNews on 21st letterhead,

there is mounting evidence which seems to support the allegations that the thousands of industry retailers – and numerous producers – failed or sold out cheap, all while MHI postured ‘advocacy’ on their behalf.

Some believe that the push for S. 2155 compromise now, is precisely because of the ‘heat’ that MHI has been getting from MHProNews coverage of their problematic handling of Preserving Access.

As was reported yesterday, a growing number of the industry’s professionals have taken these MHProNews reports seriously.

While some continue to believe MHI et al, others were in Tunica this week taking practical steps to distance themselves from options linked to Berkshire Hathaway owned brands.

 

The Return of Common Sense?

Common sense says you don’t feed a dog that’s proven to bite your or others’ hands,” says Tony Kovach.

LATonyKovach-QuestioningNYSAAteam-NewYorkHousingAssociation-MHProNews-com-PhotoCreditMarkSimon-250x167

L. A. “Tony” Kovach, photo by Mark Simon, shows Kovach engaging with SAAs in NY. Kovach is the publisher of the industry’s two largest and most popular trade media, MHLivingNews.com and MHProNews.com.

The pattern seems to be this.  MHI takes the wrong position on an issue, and only after extended pressure, do they finally relent and pivot to the more logical stance for industry independents.  So there is no glory for them in finally taking a correct step, after months or years of allegedly bad ones.

Meanwhile, the majority of the industry’s independent members have suffered. Some have sold out for less than the true value of their business, or lost their once successful businesses altogether. No wonder law firms are interested in working a legal action against this sort of behavior on contingency.” Tony Kovach said.

While MHProNews naturally values on-the-record comments, such off the record insights from the lender noted above can be invaluable for the industry’s independents.

The concept can be digested in minutes.

But to fully digest the nuances of what is taking place, one must do as Warren Buffett himself does: it may take a few hours of reading for all of the facts to be fully understood.

Buffett sees the value of studying the issues, but how many independent professionals do? Will more dig deeper in the days ahead? “We Provide, You Decide.” © ## (News, analysis, and commentary.)

Related Reports:

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Busted! “Failure Bonus” Paid-Richard “Dick” Jennison, CEO Manufactured Housing Institute-per MHI Document$

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

“Follow the Money” – Controversial Urban Institute Report on Manufactured Housing

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

Keith Anderson, CEO Champion Homes, MHI ‘New Class’ Monopoly Concerns Memo, ‘Harms Owners, Independents’

Inside Scoop Mulvaney-CFPB and MHI, Berkshire Hathaway Company Meeting Detail$

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

Plot Twist – Duty to Serve – Freddie Mac CEO Layton Called to Accountability w/Congressional, Administration Leaders Over New Manufactured Home Lending Revelations

Study Recommending New Manufactured Housing Association for Independent Retailers, Communities, Lenders, Others Released

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Warren Wages War

March 9th, 2018 Comments off

WarrenWagesWarBombersManufacruredHousingIndustryDailyBusinessNewsMHProNews

Investors routinely say that they prefer “certainty.” That’s true for investors in manufactured home communities, stocks, or businesses.

 

The growing economic confidence during the year following the 2016 election witnessed a well-reported rise in stocks.  That was fueled in part by regulatory rollbacks – the “certainty” caused by an easing of business conditions imposed by the federal government.

The run-up and final passage in late 2017 of the Tax Cuts and Jobs Act fueled more investor enthusiasm.  Again, ‘certainty’ – plus higher returns on investments – were part of the motivating factors for those who don’t want excessive risk for their capital.

But in the last two months, Wall Street’s equity markets have become choppier.

Among the reasons?

Less certainty over issues like Federal Reserve policies. In the last few weeks anxieties over the looming issue of the Trump Administration’s tough talk on tariffs have emerged.

The headline for this Daily Business News report is an interesting, because there are “two Warrens” that have impacted manufactured housing, and business in general America.

Both Warrens are Democrats.

One is Warren Buffett, and the other is Senator Elizabeth Warren.

Both Warrens are waging wars.

But one Warren has in a sense declared war on the other one.

WarrenBuffettBerkshireHathawaySenElizabethWarrenDMAInquistrTheNationManufacturedHousingIndsutryDailyBusinessNewsMHProNews

 

Strange Bedfellows, and the Upcoming 2018 Midterm Elections

 Politics makes for strange bedfellows,” said Charles Dudley Warner, per Brainy Quotes. It means “Political interests can bring together people who otherwise have little in common,” says Dictionary.

Elizabeth Warren and President Donald J. Trump can fall into that category, with each trading public barbs on the other.  Yet, on the issue of concerns over monopolistic practices, the two may be become de facto political allies. Both are and have been expressing concerns over monopolies, and how they those monopolies harm competition in the marketplace, the economy, and ultimately, job losses, and wages.

Senator Elizabeth Warren (D-MA) and Warren Buffett both supported Secretary Hillary Clinton for president in 2016. In 2020, sources say that the Massachusetts Democrat may be among several hopefuls for her party’s nomination to oppose presumptive GOP favorite, POTUS 45 Trump.

IBTInternationalBusinessTimesWarrenBuffettHillaryClintonDailyBusinessNewsMHProNews

 

Senator Warren has been an outspoken supporter of the Dodd-Frank legislation, the Consumer Financial Protection Bureau (CFPB) that bill created under President Barack Obama. She supported Richard Cordray’s handling of the CFPB.

While it reportedly makes Berkshire Hathaway’s 21st Mortgage Corporation President Tim Williams unhappy to have it mentioned, Warren Buffett strongly supported both candidate Barack Obama in each of his presidential election bids, and he backed Secretary Clinton too.

VicePresidentMikePenceWifeKarenHandOverHeartPledgeColts49ersGameWashingtonTimesDailyBusinessNewsMHProNews

Notice. One may agree or disagree with 21st Mortgage CEO and prior MHI Chairman Tim Williams’ presentation, from which the slide above was taken with permission. At the same time, one logically ought to question how Williams was being intellectually at odds with Berkshire Hathaway Chairman, Warren Buffett. Williams full presentation is linked here. http://www.MHProNews.com/industry-news/industry-in-focus/is-tim-williams-21st-mortgage-ceo-mhi-chair-at-odds-with-berkshire-hathaway-chairman-warren-buffett

 

Among the reasons cited by Mr. Buffett? His support for Clinton’s position on the CFPB and Dodd-Frank.

The Manufactured Housing Institute (MHI) is championing the Preserving Access to Manufactured Housing Act (H.R.1699, S. 1751) legislation to repeal parts of Dodd-Frank harmful to manufactured home lending, retailers, and selling land-lease communities (a.k.a. ‘parks’).

MHI must ignore the logical disconnect between their then chairman Williams blasting “the progressive agenda,” and Buffett’s very public support for Obama-Clinton support for Dodd-Frank.

The graphic above “Threats and Challenges” is from a power point presented by Williams to MHI members.  It was provided to MHProNews by a source with ties to 21st and MHI. Again, note the obvious contradictions?

Is Williams seriously opposed to his boss Buffett?

After all, Buffett says he supports progressive causes, and Democratic candidates.

Or is it, as industry insiders say, a form of shadow boxing – political play-acting – made to appear like an effort to help retailers and communities is underway?  When in fact Berkshire Hathaway’s chairman openly supported Clinton’s support, which included her support for Dodd-Frank?

The contradictions are too great to ignore.  Nor will MHI, or the Berkshire Hathaway brands in manufactured housing explain it, as repeated opportunities to do so have been offered by MHProNews.

 

Some Things Defy Logic…

Clinton Delivers DoddFrank Defense to Wall Street. Billionaire investor Warren Buffett will fundraise with Hillary Clinton,” reported Bloomberg in December 2015.

Yet just days before, Secretary Clinton wrote in a New York Times op-ed that, “As president, I would not only veto any legislation that would weaken financial reform, but I would also fight for tough new rules, stronger enforcement and more accountability that go well beyond Dodd-Frank.”

Why did Wall Street and Buffett support Clinton?  Because the big banks have grown under Dodd-Frank, as even Senator Warren admits.

It’s the smaller banks and lending institutions that have suffered.

If it seems confusing, it is simple once one thinks as Warren Buffett does – long-term, and per the thesis of the Nation’s recent series on monopolies – in terms of crushing the competition.

How handy is it from Mr. Buffett when the federal regulators – in this case, the CFPB – are the ones doing the crushing for the chairman of Berkshire Hathaway?

It’s “Fair Warning,” not “I Told You So”

 

Warren vs. Warren, Strange Bedfellows, and Manufactured Housing

Sen. Warren opposes S 2155, which is currently the hot topic for MHI on Capital Hill. She opposes Preserving Access too. MHI’s prior chairman has reportedly given Democrat Sherrod Brown campaign contributions. Interesting, because Brown has also come out against S. 2155, as the Daily Business News recently reported.

Brown and former MHI Chair Nathan Smith, of SSK Communities, are said to be chummy. Cincinnati reported that Smith’s cell had Sen Brown’s personal number, and Open Secrets also reported his support for Democratic candidates, including Barack Obama and Secretary Clinton.

Senators Warren and Brown have both blasted S 2155.

Senator Warren has also stated her concerns over monopolistic practices and how that hurts the economy, workers and smaller business.  Warren’s House colleagues have specifically called out Warren Buffett on Preserving Access and the troubling business practices.

An Elizabeth Warren video is predominately promoted by Americans for Financial Reform, which boasts 50 organizations opposing Preserving Access, with several manufactured home owner groups named among them.

Perhaps it is that strong opposition that has been factored in by GovTrack and Skopos Labs, which give S. 1751 only a 3 percent chance of passage in the Senate.

 

SkoposGovTrack2018-03-09_1219PreservingAccessManufacturedHousingActDailyBusinessNewsMHProNews

Preserving Access to Manufactured Housing Act’s sad odds of passage that the Manufactured Housing Institute (MHI) is unlikely to publicly admit to, are at 3 percent. Why spend millions on a plan that has such low odds? This report and the details linked help shed light on that question.

 

Following the Money, and MHI Disconnects

The rather public disconnects between MHI’s stated positions and what key people at or behind MHI has been reported more widely in the past eighteen months on the Daily Business News.

MHI has literally written checks to candidates who support or even co-sponsored Dodd-Frank and the Safe Act. Berkshire’s Buffett, former MHI Chairman Nathan Smith of SSK communities and others supported Secretary Clinton, who opposed Dodd-Frank changes.

NathanSmithSSKCommunitiesFormerManufacturedHousingIndustryMHIChairmanDailyBusinessNewsMHProNews2018-03-09_1245NathanSmithOpenSecretsContributionsDailybuinssnewsMHProNews1

NathanSmithHillaryClintonSSKcommunitiesDailyBusinessNewsOpenSecretsMHproNews2018-03-09_1243

Let’s be clear. Nathan Smith, Warren Buffett, or anyone else, can support whomever they want to. That’s not the issue. The controversy here is that Smith is a leader at MHI, was the Chairman, is on the MHI PAC and GR committees, and yet was supporting those who opposed Preserving Access. It’s the contradiction of saying one thing, and doing another. That’s the issue that MH investors, professionals, and MHI members must focus on. Where is the logic?  The solution to that is spelled out in this and linked reports.

As MHI asks the rank and file of the industry to support this or that cause, bill, or candidate, each industry member may be tempted to give the benefit of the doubt to the national association.

As one community-retail operation president told MHProNews, most people are too busy trying do their day-by-day operations to pay much attention to what may look complex.  So, they often work on trust, and that is an advantage that Warren Buffett and others apparently count on (see the resource links, after this article for quotes and more details).

So perhaps not enough industry pros are looking at the actual track record of MHI?

Because bills MHI claim to support, or positions they advocated for, have often proven to enrich or benefit a few, while harming or cutting off opportunities for the many.

Discovering that MHI track record of legislative failures doesn’t take much research.  Preserving Access is just one example of the disconnects between what MHI claims to want to do, and what leaders like Buffett, Smith and others actually are doing.

SupporterdByMHIVotedForDoddFrankSafeActDailyBusinessNewsMHProNews

It’s like supporting politicos with donations that have taken positions that the association claims to be against.  See the above.

While other’s in America are concerned about monopolies and how they harm different industries, by contrast, MHI prefers to deny it.

100YearsAgoTodayNationMonopoliesDailyBusinessNewsMHProNews

Manufactured housing isn’t alone. But other industries are bucking up in their respective industries.  Why isn’t MHI doing the same as MHARR, which has sounded this alarm? See concentration in manufactured housing in the pie shaped graphic, further below.

 

Warren’s War on Monopolies, Like Buffett’s

Senator Warren’s theme that antitrust can be used to protect small businesses, entrepreneurs, innovators, workers and just about everyone else from the ‘rich and powerful,’” averred the National Law Review, “shows that increasing antitrust enforcement has become a key party line for the upcoming” midterms, said the right-of-center New American.

I was very pleased that the entire Democratic caucus signed onto a statement of principle that urged stronger enforcement of antitrust laws as one of our promises to the American people.” Elizabeth Warren, The Nation.

In recent years,” according to the Democratic “Better Deal” platform, “antitrust regulators have been unable or unwilling to pursue complaints about anticompetitive conduct.”

It was a rare rebuke to Obama’s record, reflecting a shift in Democratic thinking on monopolization,” says the Nation, which cited Presidents Obama and Bush 43 as both being weak on antitrust (anti-monopoly) enforcement actions.

I believe in markets,” Senator Warren said. “But markets work only when everyone gets a fair opportunity to compete.”

Just look at the numbers: 

 

  • Four airlines control over 80 percent of domestic airline seats. 
  • Five health-insurance giants control over 80 percent of the health-insurance market. 
  • Three drugstore chains have 99 percent of the industry’s revenues.
  • Four companies control over 85 percent of America’s beef market.
  • Two giants sell over 70 percent of all beer in America.

That’s a big problem. It’s a problem because, when a few big players control an entire industry, it has devastating impacts on both the economy and our political system,” Senator Warren said.

Left, right, or center, those facts are hard to argue.

She didn’t say so, but using MHI’s own data:Warren Wages War, Senator Elizabeth Warren, Warren Buffett, Berkshire Hathaway, Manufactured Housing Institute, MHI, Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and Finance, VMF, Nathan Smith, SSK Communities, prior, former, MHI Chairman,

  • 3 companies control some 70 percent of manufactured housing.
  • If the Skyline – Champion deal goes through as expected, that will become some 75 percent market concentration in 3 companies.

Isn’t that the same pattern Senator Warren and others are expressing concerns about?

ManufacturedHomesMarketShareMHIMembersClaytonCavcoChampionDaiyBusinessNewsMHProNews

But it’s not just small-business owners who are forced to play a rigged game. When big companies control concentrated industries, as Bryce Covert makes clear in “Monopolies Harm Workers Too,” they can pay their employees less, because there aren’t other businesses around to make better offers,” said an editorial in the Nation, which cited Warren Buffett and Amazon’s Jeff Bezos and others among the new breed of modern monopolists they are concerned about.

The big fight now is to make the Justice Department and the [Federal Trade Commission] and other agencies use the tools they already have to protect competition. I’ll give you three steps that the federal government can take to revive competition: Block anticompetitive mergers; stop anticompetitive conduct; and prioritize protecting competition,” Senator Warren said.

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

 

Summing Up…

Senator Warren has declared war on those who are monopolists and who support changes to Dodd-Frank. She has also prepared for battle on S 2155, or any other attempts to roll back Dodd-Frank.

Warren Buffett has, per the Nation, declared a different kind of war to take dominate certain sectors, and that includes manufactured housing. “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning,” said Warren Buffett, per Good Reads.

Kevin Clayton, Warren Buffett’s CEO over Clayton Homes jokes about Buffett’s hating two kinds of competition, foreign and domestic.

The Atlantic predicted years ago what has been coming to pass in terms of Clayton/Berkshire dominance over manufactured housing. Clayton freely says in the video linked among the resources below that Buffett wants the moat expanded.  Clayton said Buffett is willing to lose money (they haven’t, but would he said) for 5 years, so long as the moat kept expanding.

Isn’t that a classic anti-competition statement? One Kevin Clayton made on camera, in a video?

The logic of this is simple, once you understand the Buffet/Clayton/MHI moat concepts.

So long as competition is being harmed, passing Preserving Access or not means little to Warren Buffett/Berkshire/Clayton; so long as the moat is growing.

MHI has been dominated for years by Clayton dues, and Berkshire Hathaway brands holding 2 of the 4 key board positions on their executive committee.

That’s also obvious from quotes above about Buffett’s support of Secretary Clinton and President Obama, not to mention the linked information below.

Eric Belsky at Harvard believed manufactured housing could dominate home building by the end of 2010; but what he apparently didn’t count on was Buffett and their “Moat,” and how those sharks in the water work.

So, what is Preserving Access all about?  Insider sources say, it is a distraction.  It postures an effort, which win, lose or draw, benefits Berkshire Hathaway’s ‘the moat’ strategy.

There are reasons why a number of state associations quit MHI.

Others that haven’t quit are sticking in, some sources have told MHProNews, because of the power of 21st over independents (see report, linked below).

21st sources have told MHProNews, that they do business with those guys (Rolfe’s RV Horizons, MHU et al), and late last year, Rolfe announced he would not comment any more on such industry issues.

But if Rolfe never said another word, or if he completely shifted his tune, what he’s already said about MHI, their failure to defend the industry from outside attacks, and their doomed to ail Preserving Access plan were and are devastating. What more needs be said?

 

Independents, Defense and Offense

There are perhaps steps that could be taken by individual retailers and communities.  It could logicaly start with something as easy as no longer supporting MHI.

But survival strategies must begin with an understanding and acceptance of the painful reality that the industry’s largest association – MHI – is, as the Manufactured Housing Association for Regulatory Reform (MHARR) said, working for the interests of a few conglomerates.

Independents, small to mid-sized players take note.  Once mighty Fleetwood retail finally failed, about the time that 21st sent out their ‘smoking gun’ letters (see resources, below).  The Fleetwood of today, and the Champion of today are rebirths of once giant companies that were bankrupted by forces that arguably included the Berkshire Hathaway onslaught.

With Buffett’s manufactured housing industry connected brands,

  • moves on subjects such as DTS,
  • their control or influence over much of the lending (21st, Vanderbilt Mortgage (VMF) and Wells Fargo,
  • their financial and political clout,

…the threat to independents must be seen as serious.

Even in the stable manufactured home community sector, if capital and lending are cut, the value of properties drops dramatically.

Consolidation has increased, according to MHI’s own data.  Forces across the left-right political divide are pointing to monopolistic practices, as key causes.

Will Democrats and some in the GOP, including President Trump and his administration work together to solve the crisis caused by what the Nation has called modern monopolistic forces?

That legal battle is one that manufactured home investors and professionals should consider. Because as this and other analysis have alleged and outlined, whatever happens on Preserving Access or other regulatory forces benefit Buffett’s brands, no matter what happens.

A growing chorus of voices from inside and outside of manufactured housing are saying that smaller businesses, workers, and Americans are paying the price for that kind of market power.

The Warrens have both declared war. Buffett on industry’s he seeks to dominate. Independents, workers and Americans are caught up in the smoke of war, in what Senator Warren, the 45th president, and others have called “a rigged system.” ## (News, analysis, and commentary.)

Related:

Manufactured Housing Institute (MHI) Asks Industry Members to Ask Senators to Support S 2155, Behind the Scenes Details

Maxine Waters Statement, Preserving Access Manufactured Housing Act 2017, Warren Buffett, Clayton Homes

Frank Rolfe: Pressured into Silence? Manufactured Housing Industry, and Journalism

Warren Buffett’s Annual Report to Berkshire Hathaway Shareholders, Clayton Homes and Manufactured Housing

Kevin Clayton Interview-Warren Buffett’s Berkshire Hathaway, Clayton Homes CEO

Federal Manufactured Housing Program Review Comments Due Next Week, 2.26.2018

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

Warren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton Homes, 21st Mortgage, Vanderbilt, Wells Fargo, NAI…

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. This year, MH won’t reach 40,000 of that total. What happened?

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

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

GSE’s Duty to Serve MH Rigged, Benefits 21st, VMF, Clayton, Buffett’s Berkshire, Harming Consumers & Independents, per MH CEO, Calls for Congressional Investigation

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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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