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Posts Tagged ‘Clayton’

Speak No Evil, Only Evidence. Tunica Show, Feds, Clayton, 21st, MHI, MHARR, Public Debate, and You

March 23rd, 2019 Comments off

 

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Anyone can allege anything. To heck with hyperbole or he said, she said. It’s evidence, documents, money trails, trend lines, and common-sense reasoning that are among the elements that ought to be considered by thinking professionals.

 

While most of manufactured housing’s bloggers, or other publishers, are blatant Omaha-Knoxville-Arlington kiss-ups, the Daily Business News on MHProNews has investigated issues and asked the penetrating questions that most others were unwilling to ask.  If others knew, why didn’t the openly say, and give evidence, as we have done on MHProNews and MHLivingNews?

‘Allegations,’ yes, because in America a person, organization, or business is considered innocent until proven guilty, enters a plea, or into a civil settlement agreement.

The elements of the case for rigging the manufactured housing market has been systematically laid out in dozens of articles, so now it is time for next steps.  It is time to act.

 

 

The Invitation – 3 Session Special Tunica Event

Thursday afternoon March 28, 2019. Location in Tunica to be announced, because the response indicates that we need a larger meeting room than was originally anticipated.

 

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Standing Room Only presentations organized by L. A. “Tony” Kovach and MHProNews.

 

Session 1. The header on the email below reflects some of those invited to session one at Tunica. If MHProNews, our documents, quotes from Warren Buffett, Kevin Clayton, Tim Williams, Nathan Smith, Richard ‘Dick’ Jennison, Lesli Gooch, Rick Robinson, and our other sources are wrong, let the fine folks at Knoxville and Arlington and their associates debunk the clams.  They can bring their attorneys. We have offered an independent moderator, one that HUD can suggest.

 

They have the right to remain silent, but they also have the right to speak. We hope they will speak on the record, we will too.  If they can prove us wrong in public, that’s their right.  If we can demonstrate that the evidence is as we’ve suggested, it would only make sense for them to duck out once more.

 

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These are some of those who have been invited to attend. We blocked out the specific email address, to respect their professional privacy. But the company or organizational names are shown on the above.

 

Time will tell if they accept or not. After all, they and/or their team mates will be in Tunica. Either way, the evidence will be laid out and discussed publicly. Attendees can ask questions at the end of that session. RSVP.

 

 

Session 2 – Organizing a new, ethical, pro-growth post-production association.

This will be historic. Some manufactured home communities association broke from MHI in 2017, saying in their own words they were tired of MHI’s lack of performance. In 2018 they formally launched that new national trade group for community owners.

At MHI itself, the NCC was launched by a fairly small group of professionals.  The same was true for MHARR.

It doesn’t take hundreds of people to start this common-sense effort.  They are welcome to come, but it only requires the few, the forward thinking, those that see that the trend-lines can only end one way if corrective measures don’t occur.

That said, if early indications coming into MHProNews prove accurate, a far better turnout appears to be shaping up for next Thursday afternoon in Tunica. Are you coming from outside of the Tunica market area? RSVP and come.

 

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Turnout for events promoted by MHProNews are routinely strong.

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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 RSVP Tunica in the subject line.

Session 3. Independent Producers of HUD Code Manufactured Homes. MHI members, MHARR members, and non-aligned builders are going to meet in this session.

To learn more as to why you would want to come, please see the new report, linked below.  It could pay rich dividends, even for now former industry professionals to attend. Read the article below to understand how.

 

Kevin, Tim, your buddies, and attorneys?  Will you grace us with your public responses to the allegations that so many have raised? Either way, the case will be made for those who come to Session 1.

Session 2 and Session 3 are solution and next steps sessions.  That’s manufactured home “Industry News, Tips and Views Pros Can Use,” © Be among those who come and see. ## (News, analysis, and commentary.)

 

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

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

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

 

 

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HUD Secretary Carson “HUDdle Conference” Draws Manufactured Housing Issues Engagement

Smile! You’re on Candid Camera! Security, Casino Hotels, and Fix the MH Trick$ Tunica Event

 

Cha-Ching! Manufactured Housing Made Simple in 2019

“Potentially Enormous Costs” “Proposed DOE Manufactured Housing Energy Standards” Exposed as HUD PD&R “Whitewash”

National Association of Home Builders CEO Jerry Howard Declining Housing Affordability, Plus MH Market Updates

Subsidized Housing vs Manufactured Homes, Community Owner Marge Clark Sounds Off

White Collar Shakedown, Fear, Hobbs Act, and Manufactured Housing Independents Struggles

 

 

 

 

 

 

 

“If Everyone is Going Left, Look Right” – ELS Chairman Sam Zell’s Mantra, Manufactured Homes, and Contemporary Controversies

February 17th, 2019 Comments off

 

IfEveryoneIsGoingLeftLookRightELSChairmanSamZellMantraManufacturedHomesContemporaryControversiesDailyBusinessNewsMHProNEws

Billionaire Warren Buffett speaks about “value investing,” plus only investing in concepts that can be easily understood, and make sense.  Buffett believes in well managed firms.  Those concepts from the 3rd richest man on earth are proven to work just fine.  Others methods he deploys are arguably less savory.

 

Billionaire Sam Zell and Buffett differ on numerous items in their public political stances. But Zell and Buffett both agree that manufactured homes make good sense.  As Zell has said about investing, “If everyone is going left, look right.”

Zell’s Equity LifeStyle Properties (ELS) continues to do deals in manufactured homes and communities. Ditto Buffett, Sun Communities, Legacy Housing, and numerous others. Their reasons are similar to this extent.  Each firm believes in the long-term opportunities in affordable housing.  Nothing is more proven in that sector than manufactured homes.

That said, much of the public and investment world just doesn’t realize that, not yet anyway.  Thus the ongoing value of Zell’s mantra.

 

Suits and Opportunities

It is commonplace for sizable operations to have one or more attorneys – ‘suits’ – on staff or on retainer.  With affordable housing in high demand, why haven’t more industry pros recognized Zell’s lesson of being contrarian and “looking right” – doing something different than others are doing – as an obvious part of the solution for accelerating sustainable growth for MHVille?

There are independent operations in manufactured housing that tell MHProNews that most of the business that they do is with 21st Mortgage Corp. That’s not a surprise, given the fact that Berkshire Hathaway owned 21st and Vanderbilt Mortgage are the top two lenders in the industry.  But what that factoid suggests ought to be a wakeup call to the industry’s other lenders and all of the industry’s musing professionals.  It’s this. Conventional housing routinely gets better credit score buyers than manufactured housing attracts.  Why is that?  Perhaps more to the point, why is it that some manufactured home pros can attract better quality credit or cash buyers, while others don’t?

Every week, on MHProNews there are any number of reports that shine a light on the opportunities and obstacles that face the HUD Code segment of the factory-built home industry. But perhaps the greatest obstacles are arguably from within, and it was MHI member Frank Rolfe of RV Horizons who said that on more than one on-the-record statement.

 

Investors Asking the Right Questions

We get periodic contacts from a range of investors who often ask the right questions.  Some, after seeing the modern HUD Code manufactured home product first-hand are blown away by the value proposition. Which again begs the question, why isn’t our industry doing far better than it is?  That’s a question that outsiders looking in – pondering investing – are asking us on a regular basis.

It is also a question that every operation already in manufactured housing should look in the mirror and ask itself.

Certainly, there are those who’ve flocked after smaller to mid-sized manufactured home communities (MHCs), with the ‘big boys’ often going after larger communities or portfolios whenever possible. That’s fine, it works. But that’s a fairly limited box, especially when compared to the growing multifamily housing sector.

A community executive, seeing our recent report on Michigan – linked further below – speculated that some of the slowdown there was due to the higher cost of installations kicking in there.  Our publisher and industry consultant L. A. ‘Tony’ Kovach replied, but isn’t the spread between conventional housing and manufactured homes – even with a costlier installation – still huge?  The community executive replied in the affirmative, and acknowledged the point Tony made.

So the question stands, given the affordable housing crisis, what gives? Why are total sales nationally or in the various states so relatively modest?

Ask the Manufactured Housing Association for Regulatory Reform (MHARR) that question.  Why isn’t the industry doing better than it is, given the quality and value of today’s HUD Code homes?  MHARR – the Washington, D.C. based trade group – has answered that quite specifically.  They point to the obvious failures of the Manufactured Housing Institute (MHI) in their post-production advocacy.  They also note the game by MHI that MHARR has colorfully dubbed the “Illusion of Motion.

Ask independents privately if they trust Clayton Homes (e.g.: CMH) or 21st Mortgage, and they may point you to Heath Jenkin’s experience, what happened to hundreds of retailers, or other experiences like those in recent reports, further below.

The fact that MHProNews has routinely asked Arlington, VA based MHI or their Omaha-Knoxville masters to explain or clarify those cases, and they have not yet done so is puzzling isn’t it?  Or that not even an attorney working for them has opted to explain such real-world examples – doesn’t that silence speak volumes?

But these vexing internal industry issues are potentially opportunities in disguise too. Every crisis is also an opportunity, once properly understood – but only if someone is committed to doing all that is necessary to navigate the challenges and thus get to the promised land.

Zell could have thrown his arms up over frustrations experienced in MHVille long ago.  He hasn’t, he keeps investing.  Why?  Because, he said in a statement, that Equity LifeStyle Properties (ELS) has long-term confidence in the industry.

Which brings us back to Zell’s mantra. Thanks again to to all who’ve made this the runaway most-read trade media in all of manufactured housing.  Yes, we do things differently. But is that part of the reason that has made and kept us #1?  

With no further adieu, let’s dive into the real-world scenarios – in the positive as well as the problematic reports – from the week that was: 2-10-2019 to 2-17-2019.  Because each report, properly understood, is part of the puzzling promise of manufactured homes as the solution for the affordable housing crisis that is hiding in plain sight.

 

New Featured Articles and Reports for February on MHProNews

February 2019

 

What’s New on MHLivingNews

 

Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

 

What’s New from MHARR

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MHARR-ani

 

What’s New on the Masthead

TheMastheadCommentaryLATonyKovachMHProNews

Grasping True Value of the Green New Deal for America, Affordable Housing Professionals and Advocates

 

What’s New on the Daily Business News on MHProNews

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Saturday 2.16.2019

  “Appalled” said David McCarthy – HUD Cites “Substandard Conditions,” But How Many Multi-Million Opportunities for Investors and Manufactured Housing Pro?

“Appalled” said David McCarthy – HUD Cites “Substandard Conditions,” But How Many Multi-Million Opportunities for Investors and Manufactured Housing Pro?

 

Friday 2.15.2019

  Manufactured Home Marketing Resource, Richest and Poorest Counties in each of the 50 United States of America

Manufactured Home Marketing Resource, Richest and Poorest Counties in each of the 50 United States of America

  America’s $22 Trillion Debt, Markets Soar, Plus Manufactured Housing Stock Updates

America’s $22 Trillion Debt, Markets Soar, Plus Manufactured Housing Stock Updates

 

  Legacy Housing Announces New Bulk Leasing Program for Manufactured Home Communities and Mobile Home Parks

Legacy Housing Announces New Bulk Leasing Program for Manufactured Home Communities and Mobile Home Parks

 

  Warren Buffett “Oracle of Omaha” HBO Documentary Berkshire Hathaway #Advexon Video

Warren Buffett “Oracle of Omaha” HBO Documentary Berkshire Hathaway #Advexon Video

 

Thursday 2.14.2019

 

  Managing Mueller Russia Probe Outcome? NBC, Other Mainstream Media Reports Soften, Investor Impacts? Plus, MH Market Updates

  21st Mortgage Suit’s CFPB Denial, Exclusive Document on Berkshire Hathaway Manufactured Housing Brands Investigation

21st Mortgage Suit’s CFPB Denial, Exclusive Document on Berkshire Hathaway Manufactured Housing Brands Investigation

  Cavco Industries Woes Mount, Official, Unofficial Insights, Broader Manufactured Home Industry Impacts?

Cavco Industries Woes Mount, Official, Unofficial Insights, Broader Manufactured Home Industry Impacts?

  Economics 101 – Supply, Demand, and Record Number of Job Openings in U.S. and Affordable Factory-Built Housing

Economics 101 – Supply, Demand, and Record Number of Job Openings in U.S. and Affordable Factory-Built Housing

 

Wednesday 2.13.2019

 

  U.S. Department of Energy Proposed Rulemaking Could Impact Manufactured Housing

U.S. Department of Energy Proposed Rulemaking Could Impact Manufactured Housing

  MHVille Exclusive – Democrats Senators Sign Anti-Competitive Practices Letter to DoJ, Plus MH Market Updates

MHVille Exclusive – Democrats Senators Sign Anti-Competitive Practices Letter to DoJ, Plus MH Market Updates

  Trust in News, Washington Post vs Investors Business Daily Poll Results, MHVille Impacts

Trust in News, Washington Post vs Investors Business Daily Poll Results, MHVille Impacts

  Thorns and Roses In Manufactured Home Community Controversy

Thorns and Roses In Manufactured Home Community Controversy

 

Tuesday 2.12.2019

 

  New Law Benefits Manufactured Home Community Owners, Residents

New Law Benefits Manufactured Home Community Owners, Residents

  Legacy Housing Announces Corporate Role Changes, Plus Manufactured Housing Market Updates

Legacy Housing Announces Corporate Role Changes, Plus Manufactured Housing Market Updates

  State-Level Data Provided for Total Manufactured Home Shipments in 5 Key States for 2018

State-Level Data Provided for Total Manufactured Home Shipments in 5 Key States for 2018

  Aging in Place Harms Millennial Home Buyers, Says New Video and Report – MHVille Opportunity or Obstacle?

Aging in Place Harms Millennial Home Buyers, Says New Video and Report – MHVille Opportunity or Obstacle?

 

Monday 2.11.2019

  News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

  Sun Communities Insider Trading, Ratings Updates, Plus Manufactured Home Industry Stock, REITs, Closing Results

Sun Communities Insider Trading, Ratings Updates, Plus Manufactured Home Industry Stock, REITs, Closing Results

  Boom! Varied Reports Best Economic Optimism in 16 Years, Millions ‘Better Off’ Under President Trump’s Administration

Boom! Varied Reports Best Economic Optimism in 16 Years, Millions ‘Better Off’ Under President Trump’s Administration

 

  HUD’s $2+ Billion Grants, Manufactured Housing Institute, Manufactured Housing Association for Regulatory Reform, & MH Opportunities Galore

HUD’s $2+ Billion Grants, Manufactured Housing Institute, Manufactured Housing Association for Regulatory Reform, & MH Opportunities Galore

 

Sunday 2.10.2019

 

  MH Black Eye, or Opportunity in Disguise? Vexing Saga of Millie Francis’ Faith Based Art, Bradenton Tropical Palms ROC, Vanguard Management, Knox and Levine

MH Black Eye, or Opportunity in Disguise? Vexing Saga of Millie Francis’ Faith Based Art, Bradenton Tropical Palms ROC, Vanguard Management, Knox and Levine

 

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

 

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

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

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

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

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

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

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

 

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Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

 

HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

“The Illusion of Motion Versus Real-World Challenges”

 

 

 

 

 

 

Legends, Battle of Bedford Falls, and Christmas in Affordable Housing’s MH Land

December 25th, 2018 Comments off

 

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In the days before GPS, Apple or Google Maps a good paper road-map had a rectangular box with ‘the legend.’ The legend in this sense of the word explained the meaning of the various circles, lines, symbols and how many miles-to-an-inch. ‘The legend’ unlocked the meaning of the map.  In storytelling like the Christmas classic It’s a Wonderful Life, a metaphorical legend is useful to reveal the hidden meaning within a powerful, whimsical-yet-engaging narrative tale.

 

It’s a Wonderful Life is in good measure a potent tale of affordable housing via access to capital, financing, and opening the door to the American Dream, all set with Christmas in the backdrop.

George Bailey is the tragi-comic hero of It’s a Wonderful Life who finds himself locked in a battle against a wealthy monopolist. “Henry F. Potter is a fictional character and the main antagonist in the 1946 Frank Capra film It’s a Wonderful Life. He occupies slot #6 on the American Film Institute’s list of the 50 Greatest Villains in American film history. Mr. Potter was portrayed by veteran actor Lionel Barrymore,” says Wikipedia.

 

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George Bailey is a rich personality, who has hopes, dreams, and aspirations.  He’s smart, thrifty, and hard working. Bailey has a temper, a sharp wit, can be moody, is loquacious, and is an awkward romantic.

Mr. Henry Potter is financially rich. The Frank Capra storytelling deftly implies Potter’s leveraging money to gain control of the bank at fictional Bedford Falls. But the narrative also unmasks Potter’s influence over a congressional representative, with the local law enforcement establishment, news media, and so on.  Potter is a slumlord, lender, and has other businesses too.

Put differently, Potter is the epitome of the modern Berkshire Hathaway conglomerate.

 

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Potter is a schemer, who knows how to manipulate ‘the system’ – the establishment order – as a means of separating people from their earning power and money.

 

 

In It’s a Wonderful Life, Clarence Odbody is an AS2, an Angel Second Class. The theology is flawed, but the storytelling is terrific.

Clarence must “earn his [angelic] wings.” God is in the background of the story from the start.  In this movie, God gives humanity free will to choose between good and evil deeds. God reveals paternal love by sending the angel Odbody to Bailey as an answer to a yet unasked prayer.  AS2 Clarence – in the highly-rated 1946 original version of the story, which can be streamed online free –  uses reason and imagery to plead with George to not throw away the gift of life.

Put another way, Clarence also uses storytelling to make his case with George, and through Bailey, to the viewers.

As the climax approaches, Clarence provided George a glimpse into an alternative reality of his life and that of Bedford Falls.  In that hypothetical substitute universe, the Bailey Building and Loan and George Bailey himself don’t exist.  In that opposite reality of Bedford Falls absent Bailey, reasonable loans, and affordable housing, the town becomes Pottersville, and is a dark, escapist-focused, and hellish place

 

 

So instead of a wholesome town of homeowners – Bedford Falls, a symbolic good place to raise a family – becomes Pottersville, a place where people drink and party to escape their woes. Police sirens are sounding in the background, because there is more crime in Pottersville too.

 

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There are several thoughts that the story It’s a Wonderful Life should inspire in affordable housing professionals, advocates, and investors in the manufactured housing industry.  While there is more, the story subtly teaches the following lessons:

  • How important affordable housing is for the masses and is good for society.
  • How affordable home ownership is liberating from the trap of renting, but also from the trap of monopolistic forces.

 

 

  • The It’s a Wonderful Life video relates how homeownership requires accessible lending. That ease of financing is symbolized by the Bailey Building and Loan in the movie.
  • The movie also creatively spotlights how monopolistic forces can manipulate ‘the establishment system.’ Note that in the classic flick, ‘the establishment’ carries no party labels. It isn’t Democrats or Republicans that Mr. Potter is identified with.
  • Mark too that the theology of It’s a Wonderful Life is loosely Christian, but make no mention of any branch of Christianity, nor that of Judaism, Islam, or any other major world religion. God is ever in the background, but keenly aware of all that is occurring.  God reveals a Fatherly love in the tale by sending Clarence to George Bailey in the latter’s hour of greatest need.  The answer to George’s prayer for help was Clarence, and his lesson of just how wonderful life was because of Bailey with his building and loan.

It’s a Wonderful Life could thus be adopted as an educational and inspirational motif for manufactured homes and affordable housing in general.

 

ThoseWhoTellTheStoriesRuleSocietyPlatoquoteManufacturedHOusingIndustryDailyBusinessNewsMHProNews

 

Lending and Affordable Housing, and the Struggles within MHVille

Lending – an access to capital for building affordable homes – makes the dream of home ownership possible. It is worth noting that over a decade ago, the Manufactured Housing Association for Regulatory Reform (MHARR) made access to easier and more affordable lending a key issue for their independent home producers.

The battle over the Duty to Serve (DTS) by the Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac are part of that struggle with MHARR vs. the Arlington, VA based Potterish tool, the satirical Monopolistic Housing Institute (MHI). Logically that DTS lending should be applied to all federally regulated HUD Code homes, including the most affordable manufactured homes.  That’s what makes Bedford Falls a more heavenly place.  By contrast, diverting DTS to the so-called new class of homes – which the Buffett-Clayton-MHI axis have arguably manipulated in a shrewdly monopolistic fashion – can lead to hellish conclusions.

Industry members and advocates should be pressing the FHFA, Congress, and the administration for corrections to DTS that makes it apply to all manufactured homes, including those who now carry higher-rate MH Pottersville-loans. Members and representatives of the major and minor parties or independents should also press HUD and the FHA for a reform of the so-called 10/10 rule.  That 10/10 rule was essentially written for the purported benefit of Berkshire Hathaway owned 21st and Vanderbilt during the aftermath of the 2008 financial crisis, and it gave them a practical monopoly over FHA Title I lending.

Potter in It’s a Wonderful Life is a schemer, building his moat. In contemporary terms he is akin to Warren Buffett, building his Clayton Homes and related Berkshire lending moats. Cut off or manipulate lending or the access to capital, and you force people down certain paths instead of others.

That type of scheme may work for the benefit of the manipulative few.  But the consequences of that path are what Clarence revealed in the movie to George Bailey as hellish.

 

Affordable Homes, Warren Buffett as Mr. Potter in Christmas Classic, “It’s a Wonderful Life”

 

Watch It’s a Wonderful Life through this narrative lens, and you will not only better understand the movie, you will also have a keener grasp for what has gone wrong for our manufactured home industry’s important contribution to affordable housing.  This lens also sheds light on how the issue of affordable housing impacts the U.S.A. today.

Like George Bailey, we each need an Odbody to help rouse key figures from the slumber of the meaning and purpose of life, and the consequences of their choices. Doing what’s right for small businesses and individuals makes millions richer. Because a key to increasing prosperity is to make affordable home ownership and small businesses a reality for more, day-by-day.

 

Other Vibrant It’s a Wonderful Life Characters  

Mary Hatch Bailey is a crucial figure in the movie’s story. Mary is wise, inspired, warm, and inspirational to others, including George Bailey.  But Mary’s role is not at all limited to her spouse. For example, without Mary’s intervention, would the building and loan have survived Potter’s takeover plot?  The Wiki below does not do the Mary Hatch Bailey character justice.  Why?  Because she is every bit as important to winning the battle of Bedford Falls as her husband George was. Mary sacrificed too, and the story reveals how she too was ‘richly reward.’

 

MaryHatchBaileyItsWonderfulLifeAffordableHousingManufacturedHomeMHProNews

 

There are different aspirations in life, which Mary and every character in this well-rounded period movie underscored.

For a few moments, dwell on the movie character of Sam Wainwright. Sam goes into plastics in the story and he strikes it rich. Wainwright apparently made his money honestly, at least there is no hint to the contrary in the carefully-crafted movie. That stands in stark contrast to Potter, who seems to have gained or expanded his wealth through manipulations and Buffett-esque ‘strategic Moat’ style schemes.

Wainwright is a younger success and seems very happy.  Meanwhile, Potter is shown to be a sour, old man. There are others who become affordable homeowners, some of whom are small business professionals.  They too are revealed to be ‘a success’ and happily so in the storyline.

 

The Wrap

Affordable housing truly is a battle for access to credit, capital, and against manipulative monopolists. By using this narrative legend, the above ‘interpretive key,’ will help unlock and inspire a deeper understanding of the It’s a Wonderful Life movie classic.  It’s a pragmatic story, as well as an uplifting one.

That tale in turn reveals a message that could illuminate the way to a more Merry Christmas for millions. Because the alternative reality of the more wholesome life of Bedford Falls is the hellish life of dark Pottersville.  As AS2 Odbody uncovers in the story, living in rental slums and at the mercy of monopolists is a literally and figuratively darker life.

Affordable housing made possible with accessible credit are the means that George and Mary Bailey worked to spread ‘Christmas joy.’  That not only foiled the monopolistic forces of Potter that keep people in poverty, it provided the key celebrated in happy homeownership.

Clarence revealed that reasonable credit and good homes that are owned are like the choice between Heaven or Hell.

 

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

 

Frank Capra created a masterpiece of storytelling with his film, It’s a Wonderful Life.  We can personally make this an inspirational and educational theme for manufactured home pros, and all those who are advocates for truly affordable living made possible through #HousingChoice.  

It’s a Wonderful Life, #Christmas #WonderfulLife #DisneySprings, #DisneyChristmasCelebration #Videos #Photos

From the Kovach family to you, Merry Christmas to all. ## (“We Provide, You Decide.” © – News, commentary, and analysis.)

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

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

Office 863-213-4090 |Connect on LinkedIn:
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Affordable Housing – Fleetwood, Champion, Clayton – Genius of the Christmas Story

 

It’s Your Profession – Investment of Time, Talent, Treasure – So What’s Next?

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

January 9th, 2018 Comments off

 KillingOffCompetitionHarmingConsumesGSEsDutyServeMHRiggedBenefits21stVMFClaytonBuffettsBerkshirePerMHCEOCallsforCongressionalInvestigation

About a decade has passed since the passage of the Duty to Serve (DTS) manufactured housing, as part of the Housing and Economic Reform Act of 2008 (HERA).

CreditIsTheLifeBloodOfHousingEricBelskyHarvardDailyBusinessNewsManufacturedHousingIndustryMHProNews

It’s a statement that most every manufactured home retail or community professional who experienced the slide from 1998 to 2008 know all too well. For more on Belsky, and his thinking on MH, click below.  http://www.MHProNews.com/blogs/daily-business-news/appealing-manufactured-housing-institute-mhi-marketing-finance-booklet-reviewed/

A fact-and-analysis packed statement from an industry business group CEO rips the plans announced steps, as too little, too late, and skewed in ways that benefits Berkshire Hathaway brands “every day.”

Executive Summary of MH Biz Group CEO’s Potent Quotes:

  • direct violation of their [GSEs] mandate

 

  • This utter failure to implement DTS in a market-significant way, some ten years after its enactment, now warrants congressional intervention, oversight and, if necessary, amendments to the DTS law.”

 

  • With approximately 90,000 HUD Code manufactured homes projected to be sold in 2017… Against this baseline, the chattel loan programs envisioned by Fannie Mae and Freddie Mac – even at maximum projected capacity — would serve 4,000 purchasers, or a mere 1.85% of the manufactured housing market through 2020 – more than a decade after the enactment of DTS.”

 

  • “…would constitute a microscopic portion– far less than one-one-hundredth of one percent — of the total mortgage portfolios of both Fannie Mae and Freddie Mac, representing: (1) a blatant, continuing failure by Fannie Mae and Freddie Mac to serve the manufactured housing market; (2) a continuation of blatant, baseless discrimination against the lower and moderate-income Americans who rely on affordable, non-subsidized manufactured housing the most; (3) a continuing abuse of – and failure to comply with – the Enterprises’ mission and role as prescribed by their respective charters; and (4) a flagrant failure by FHFA, as the Enterprises’ regulator and conservator, to enforce full compliance with the statutory DTS mandate.”

 

  • To rationalize this pathetic, totally inadequate level of support for the nation’s most affordable non-subsidized housing resource in direct violation of the DTS mandate and at a time when the U.S. Department of Housing and Urban Development’s (HUD) 2017 Worst Case Housing Needs report to Congress shows a resurgence in “worst case” housing needs (i.e., Americans “who pay more than one-half of their income to rent, [or] live in severely inadequate conditions, or both”) to near-record levels, the Enterprises both cite a lack of recent, relevant “data and information” concerning the performance and other characteristics of manufactured housing chattel loans.”

 

  • as an objective matter, Vanderbilt and 21st, through their trade organization, the Manufactured Housing Institute (MHI), have pursued – as an organizational priority – statutory amendments to the Dodd-Frank finance reform law which would allow them to charge higher interest rates for manufactured housing loans without those loans being subjected to specific requirements applicable to “high-cost” loans.“This claim [by the GSEs of the need for more data] is not only disingenuous…but potentially has more sinister implications as well, which are only accentuated by the contents of the two final DTS plans.”

 

  • indicated both directly and anecdotally by multiple sources, those market-dominant lenders [21st, VMF] have failed to provide data allegedly sought by the Enterprises regarding the performance of the large number of manufactured home chattel loans that they currently hold, thus providing a ready excuse and rationale (repeatedly asserted in the final DTS plans) for the Enterprises to “slow-roll” and/or minimize the implementation of DTS to the point of irrelevance.”

 

  • every day that goes by without the full, market-significant implementation of DTS by Fannie Mae, Freddie Mac and FHFA, is a gift to Vanderbilt and 21st Mortgage, their corporate parent, Clayton Homes, Inc., its corporate parent, Berkshire Hathaway Corp., and Berkshire Hathaway scion, Warren Buffet.”

 

  • it appears from multiple aspects of the Enterprises’ final DTS “implementation” plans that Fannie Mae and Freddie Mac have – and actively continue to – coordinate with these entities, as well as their affiliates and surrogates, to undermine the full and timely implementation of DTS.  This activity began with an off-the-record meeting between FHFA officials and such surrogates in 2014. Following those reports, MHARR and industry trade journalists sought copies of any and all materials connected with the meeting from FHFA, which were never provided. That coordination now appears to continue in the final so-called DTS implementation plans with multiple elements that discriminate against or ignore the interests, rights and concerns of smaller industry businesses, or put Vanderbilt / 21stMortgage / Clayton / Berkshire Hathaway / MHI companies, affiliates or surrogates in key positions to influence the implementation or character of DTS.”

The above is just a partial flavor of a detailed report provided in a statement released to the Daily Business News and other industry stakeholders, by Mark Weiss, JD, President, and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

The Other Take, from FHFA and GSEs

For balance, the FHFA and the GSEs actual plans are linked below, including a video that describes the Fannie Mae’s stated vision for their plan.

FHFA Publishes Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for Duty to Serve (DTS) Program

 

The video featuring Jeff Hayward, “Fannie Mae’s EVP and Head of Multifamily,” is “about our commitment to addressing the needs of America’s most challenging housing markets under the Duty to Serve Rule,” per Fannie Mae.

 

Several points about this video are noteworthy, including that as of 1:15 PM ET, it has only 191 views, and that the comments section for this video have been turned off. The video says they don’t consider the program a “duty” but an “opportunity.”

A previous report by the Daily Business News, focusing on statements by 21st CEO, Tim Williams and others, is linked below.

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

So,

  • we have an executive vice president for Fannie Mae speaking about an opportunity,
  • MHARR saying they aren’t meeting their legally mandated duty,
  • and 21st Mortgage Corporation president, Tim Williams, saying why this plan was a “waste of time” to pursue, and why it needed to be slow walked, for reasons he explains from the linked report above.

MHARR – Key Takeaways include:

  • a call for a Congressional investigation.
  • Point by point indicators as to why they believe this is harmful to the industry’s independents, and why Berkshire Hathaway and ‘their association’ the Manufactured Housing Institute (MHI) have not been transparent, and are in fact working against the interests of independents and consumers.

For their facts and analysis report, click here to see in on MHProNews. ## (News, analysis, and commentary.)

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“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

November 20th, 2017 Comments off

PerverseWarrenBuffettDodd-FrankCFPBManufacturedHousingInstituteManufacturedHomeLoansClayton21stVanderbiltDailyBusinessNewsMHProNewsThere seems to be some perverse human characteristic that likes to make easy things difficult.”

– Warren Buffett,
Berkshire Hathaway (BH) Chairman, parent to Clayton Homes, Vanderbilt Mortgage and Finance (VMF) & 21st Mortgage Corp, other industry suppliers, et al, cited per BrainyQuote.

 

The essence of simplicity for business professionals is the would-have-been campaign platform teased by star performer and manufactured home owner, Kid Rock.

 

KidRockSenateDailyBusinessNewsMHProNews

MHLivingNews and MHProNews highlighted Kid Rock periodically for months. Among the reasons are the simple points he made. Whatever his intent, Kid Rock told the story of the MH Industry’s home owners and independent business people’s struggles in compelling ways.

“Born Free,” “Po-Dunk” Manufactured Homeowner Kid Rock Updates Senate Race Status

Perhaps in the era of President Barack Hussein Obama, the realistic fix for Dodd-Frank’s harm was the long sought Preserving Access to Manufactured Housing Act.

But is Preserving Access still the best option in this new era of Regulatory Rollback, under President Donald J. Trump?

IWillLowerTaxesEliminateUnnecesaryRegulationUnleashAmercianEnergyPlacingAMericanBusienssandWorkersFirst-DOnalTrumpNationViewsMHProNews

President Trump and VP Mike Pence have both said they will be in the promise keeping business.  As the Daily Business News has tracked for the MH Industry’s professionals and enthusiasts, the economy is advancing with those regulatory roll-backs, see link here. http://www.mhpronews.com/blogs/daily-business-news/profitable-insight-potu-trump-effect-on-mh-stock-at-1-year-part-4/

When the president and much of the GOP are pursuing eliminating or severely curtailing the Consumer Financial Protection Bureau (CFPB) that Dodd-Frank spawned, why tweak a law, when you can kill it or take control over it?  And based on the regulatory rollbacks to date, isn’t it obvious that the president will replace Cordray with someone more business friendly?

Obtained Email Details Richard Cordray Resigning Soon, Cong. Hensarling Reacts

Kid Rock, Donald Trump and millions of others have advocated for something simple.  Cut regulations, cut taxes, let the genius of American business professionals create jobs, and through business growth, create more prosperity for millions of Americans.

Facts Are, Facts Matter

What we learn from history is that people don’t learn from history.”

– Warren Buffett,
Berkshire Hathaway (BH) Chairman, parent to Clayton Homes, Vanderbilt & 21st Mortgage, per GoodReads.

As GovTrack and the Daily Business News on MHProNews have reported for months, the odds of passing the Financial Choice Act are far better than is the passage of Preserving Access.  While the odds for both have risen since the report below, that link is but one of several examples of reported news that MHI could have pro-actively responded to by pivoting from their long-held Preserving Access position.

Financial Choice Act, with MHI Bill, Heading to Floor Vote, Outlook, Analysis

Given that Nathan Smith – former MHI Chair, prominent Democratic Party activist, and partner in SSK Communities – said that it was his goal to cause the Manufactured Housing Institute (MHI) to stop being a reactive association, and to start being a pro-active one.  If so, why is MHI still so reactively focused on the Preserving Access issue in the Age of Trump?

 

 

Superficiality is the curse of the modern world.” – Matthew Kelly

Support for Preserving Access, For the Record

It is a matter of record that MHLivingNews and MHProNews actively supported Preserving Access in word and deed for years. Time, talent, and treasure were expended to create articles and videos that documented why the CFPB’s implementation of Dodd Frank were harming the industry’s consumers and businesses alike. To this moment, this publication is okay with the goal, but what we’ve spotlighted is that a far better goal for the MH Industry is now possible.

That original full-length Nathan Smith video and article were but one of dozens of examples of active support by this trade publisher of the MHI sponsored bill.  That video, or dozens of articles, lobbying, etc. cost MHI not one dime.

This trade media – in association with those industry companies that we work with – paid for that video, and so much more, in time, talent, and treasure.  MHI can’t legitimately claim otherwise.

MHI has allowed millions of dollars of the association’s member’s dues money to be gobbled up in this Preserving Access effort, plus the MHI PAC money in addition to the association costs.

Where are the MHI results?

PEPProtectEducatePromoteUnlockingMindsKeyToAdvancementMHProNews

http://www.mhpronews.com/industry-news/industry-in-focus/a-executive-summary-400-words-manufactured-housing-industry-obstacles-and-billions-in-opportunities

Barney_Frank wikipediaPostedDailyBgusinesNewsMHProNews

Barney Frank, official photo, credit Wikipedia.

Perhaps the better question is, who benefited by NOT passing Preserving Access?

Barney Frank Letter De-Bunked a Key Dodd-Frank Claim…

It should also be noted that it was an MHProNews reader who supplied this potent letter that was first published here, and was later used by MHI.  This letter – linked below – was read into the Congressional record, in support of Preserving Access.

Barney Frank Letter link.

It was also MHLivingNews and MHProNews that discovered and broke the story that CFED – since renamed, Prosperity Now – was receiving CFPB funding.

CFED and CFPB – Confused, Conflicted “Friends” of Manufactured Home Owners and Prospective Buyers?

Of course, CFED backed the CFPB — they were being paid by them.

Follow the Money?

Among the articles that MHI President Richard “Dick” Jennison asked MHProNews to publish was this one by Jason Boehlert.

Manufactured Housing Institute and Consumer Groups Urge CFPB to Change Loan Originator Guidelines; Support Builds for H.R. 1779

Shortly after it was published, Jennison contacted MHProNews in what could be described as a panic.

Jennison’s urgent request? That MHProNews unpublish the article that they had previously asked just days before that we publish for them.  Please note the footnote under the article, linked above.

Per Jennison’s call – and what other MHI sources later revealed to MHProNews – it seems that Jennison, Boehlert, and MHI had failed to check with the consumer groups before announcing their “victory.”  As MH industry history tells us, their was no victory to announce.

LATonyKovachMHProNewsMHLivingNewsMHINoJournalistPhotoNCCPostedDailyBusinessNewsMHProNews

At the recent San Antonio MHI meeting, Dick Jennison and Lesli Gooch repeatedly made thinly veiled statements, aimed at MHProNews. But when these signs were first introduced, top MHI staff claimed it was aimed at ‘outside’ media, not ‘industry media.’ What caused that change by Jennison and his allies toward a dues paying MHI association member? What message does it send to others in the association? What message does it send to the industry at large? Is MHI trying to create a de facto industry trade media monopoly? Other monopolies?

Here are some of the dozens (if not, hundreds) of articles that MHLivingNews and MHProNews published in support of Dodd-Frank, CFPB related news, and reform efforts.

Media Should Re-Visit Dodd-Frank Reporting in Light of Congressional Testimony

Noise and Smoke vs. Facts About Manufactured Homes and Lending

Renters’ Nation: The Dark Side of Dodd-Frank and Its Impact on Affordable Housing

She Black, He’s White, They’re in Different Parties. Why Congressional Representatives Terri Sewell and Andy Barr Support Preserving Access to Manufactured Housing

Dodd-Frank and Manufactured Home Financing: The Place Where Good Intentions and Unintended Consequences Collide

Can MHI – or any of their most ardent supporters – find any others in the industry’s trade media that provided more published support for their Preserving Access bill?

Thousands of others – including us – wrote in support of their bill. But in hindsight, in spite of all those efforts, wasn’t Preserving Access a flawed plan from the start?

ExperienceTeachesOnlyTheTeachableAldusHuxleyBrainyQuoteDailyBusinessNewsMHProNews

Those and numerous other pro-Preserving Access steps were taking place, even though Jennison was allegedly already undermining MHProNews/MHLivingNews, which will be the subject of a separate, upcoming report.

While word, deeds, and rumors were coming to MHProNews about Jennison’s and his allies effort to undermine this pro-industry trade media – which we where then an MHI member company – MHProNews continued to support Preserving Access. Why?  On principle, based upon what we knew at the time, it seemed like a sound plan.

Furthermore, the evidence shows that MHProNews continued to allow MHI to provide content to be shared with the industry to promote that effort. One of several possible examples is linked below.

Manufactured Housing Institute Responds to Doug Ryan-CFED commentary on CFPB report on Manufactured Housing Finance

Note that in a prior message to MHProNews, MHI’s then VP admitted that Barack Obama’s winning in 2012 was a significant setback for any roll-back of Dodd-Frank.

2012 Election Results and Coming Lame Duck Session

That being the case, as MHI’s own VP stated, why did MHI continue to pursue Preserving Access

Why did MHI continue to promise passage of Preserving Access – as Jennison publicly did in 2015 at Louisville – when their own Vice President of Government Affairs laid out the facts as to why it was not going to happen?

In hind-sight, where was the logic of the MHI stance?  Or as Berkshire Hathaway’s chairman has said,

Chains of habit are too light to be felt until they are too heavy to be broken.”

– Warren Buffett,
Berkshire Hathaway (BH) Chairman, parent to Clayton Homes, Vanderbilt & 21st Mortgage, et al, per Investing.

As quoted in Medium, his partner at BH said, “Warren Buffett has become one hell of a lot better investor since the day I met him, and so have I. If we had been frozen at any given stage, with the knowledge we had, the record would have been much worse than it is. So the game is to keep learning, and I don’t think people are going to keep learning who don’t like the learning process.” – Charlie Munger, Berkshire Hathaway – parent to Clayton Homes, Vanderbilt & 21st Mortgage, et al.

Isn’t it time for the industry’s business professionals to follow Buffett’s lead on three things: reading, planning long term, and learning from the lessons of history?

WarrenBuffettMostImportantHabitReadingReadMajorityofSuccessfulPeopleRead30MinutesDailyTimeMoneyDailyBusinessNewsMHProNews

MHI and Warren Buffett provide the best reasons for the industry to follow and support the industry’s leading independent trade media. MHLivingNews.com, and MHProNews.com.  BH companies do… 

What MHI, Industry Insiders Have Told MHProNews

Several industry success stories, plus association, non-profit and other informed sources and insiders have told MHProNews that Dodd-Frank has proven to be a windfall for Buffett’s brands.

Bank Vault Door Closes on Manufactured Housing Lender

U.S. Bank clearly stated that that they exited manufactured home lending, due in part to low volume, and regulatory risk.

The volume, knowledgeable sources at U.S. Bank said was okay, as their loan portfolio was profitable.

But U.S. Bank could not overlook the risk of the loans.  That statement dovetails with what UMH President Sam Landy told MHLivingNews about their own loan program, and Landy pointed to others that exited for the same reason – regulatory risk – as was reported.

Sam Landy, UMH CEO, on Dodd-Frank and The Preserving Access to Manufactured Housing Act – S 682/HR 650

Some of that regulatory risk could have been eliminated, per our sources, by trading the MLO rule for the 21st/VMF sought points and fees rule.

The Bottom Lines?

Warren Buffett has said that his favorite hold time is forever. Unlike many in the industry, which is often short term in thinking, Buffett’s patient. In 2003, Buffett began his run on taking over the manufactured housing industry.

Fraud, Class Action, CFPB-Warren Buffett, Berkshire Hathaway, Clayton Homes, Vanderbilt Mortgage & Finance, 21st Mortgage, Manufactured Housing Institute, and the Manufactured Homes Industry

It has not been without controversy, as MHProNews has previously reported, and more veteran industry professionals know first-hand.

In hindsight, isn’t it true that Buffett and his brands win regardless if Preserving Access passes or not?  Sources have made precisely that claim, and those sources include voices within MHI’s circle of influence.

Beyond that circle that speak off-the-record, are comments like Alan Amy, Lance Inderman, Bob Crawford, or others who have spoken on the record on various aspects of the Preserving Access and related issues.

LanceIndermanQuoteDoddFrankObamCarePrivateSectorDespiseGovtwealthyDespiseTruePrivateSectorUseGovtDailyBusinessNewsMHProNews

This comment was previously sent, and MH Industry readers, as with any quote, should determine if it fits the context of this article. “We Provide, You Decide.” ©

MHI/NCC member Frank Rolfe made it clear that MHI’s communications and pushing for Dodd-Frank made no sense to him.

 

FrankRolfeNegativeArticlesOnIndustryNoCommentbyManufacturedHousingInstituteMHIRVHorizonsMobleHomeUniversityPostedDailyBusinessNewsMHProNews-575x132

http://www.mhpronews.com/blogs/daily-business-news/frank-rolfe-blasts-mhi-for-poor-media-engagement-industry-reactions/

Solutions, Not Whining

Jim Ayotte’s statement, quoted below, was sent to MHProNews regarding a different topic, one that will be published soon.  But isn’t Ayotte’s observation a keen one for not only associations, but also businesses or pro-industry trade publishers too?

AsAssocExecutiveMyJobAssessSituationSeekBestPossibleOutcomeBasedOnFactsAsIKnowThem-ManufacturedHousingIndustryVoicesDailyBusinessNewsMHProNews

Don’t the facts reveal that MHI has supported one ineffective policy after another?  Where is their self-proclaimed clout?

Exclusive – HUD’s Manufactured Housing Program Administrator Pam Danner, Update

While MHI has failed to advance its agenda, even before MHProNews began to more aggressively fact check the association, doesn’t the history above clearly reflect that MHLivingNews and MHProNews supported Preserving Access?

Even while supporting MHI’s bill, and prior to this publication more aggressive fact checks of MHI, the Daily Business News will further allege that Dick Jennison was working against this operation’s interests.

That’s not a light comment.  Others associated with MHI have said similarly, that their interests (not just ours…) are being undermined by the Monopolistic Housing Institute (oops, Manufactured Housing Institute…MHI) – too.

ELS’ Sam Zell – Compliance Costs Destroys Smaller Businesses = Consolidation

Perhaps more significant, as MHI presses on with its over half-decade failed agenda, for whatever reasons, the industry continues to consolidate.

That consolidation is taking place due to the heavy burdens of regulations.

Regulation Nation – Manufactured Housing Associations, Companies, and Professionals

The non-profits and MHI company members have informed the Daily Business News that MHI had in its power to ‘cut a deal’ to eliminate the so-called MLO, several years ago by agreement.  The trade?  Give up the points and fees in exchange for the MLO rule.  MHI’s leadership, per those sources, said no.

IshbelDickensPhotoNationalManufacturedHomeOwnersAssocNMHOALogoDailyBuisnessNewsMHproNews

MHProNews has fact-checked the often flawed positions of NMHOA for years; that said, on this issue, there are multiple sources that state that Dickens accurately reflected the meeting between MHI and other non-profits.

While other industry companies and so-called “Lonnie Dealers” could have benefited from the points and fees rule too, the primary beneficiary were the Berkshire Hathaway brands of 21st, and Vanderbilt.

Simple reason tells the objective observer that Warren Buffett’s companies have not only dominated MHI, they’ve used MHI to the detriment of thousands of others in the industry.

So where is the logic for independents to support MHI?

The Racket?

It is Democratic lawmakers who are calling leading light Democratic supporter Warren Buffett’s MH brands a “near monopoly.”

CongressAsksDOJInvestigateClaytonHomesCreditTwitterWikipediaMHProNews

U.S. Representatives Maxine Waters (D-CA), Keith Ellison (D-MN), Emanuel Cleaver (D-MO), Mike Capuano (D-MA). Image credit, Twitter, Wikipedia. http://www.mhpronews.com/blogs/daily-business-news/post-charlottesville-cfas-hunts-evidence-of-racism-steering-predatory-lending-against-buffetts-clayton-homes-vanderbilt-mortgage-and-21st-mortgage/

It was Tim Williams who made the statement below, one that thousands in manufactured housing would agree with.

VicePresidentMikePenceWifeKarenHandOverHeartPledgeColts49ersGameWashingtonTimesDailyBusinessNewsMHProNews

Notice. One can agree with 21st Mortgage CEO and prior MHI Chairman Tim Williams’ presentation, from which the slide above was taken with permission, while still questioning how it can be that Williams is intellectually at odds with Berkshire Hathaway Chairman, Warren Buffett. To see all of William’s informative slides, click the graphic above. 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

But isn’t it ironic that his statement flies in the face of what Warren Buffett supported?

HillaryClintonWarrenBuffettCreditBostonGlobePostedManufacturedHousingIndustryResearchDataReportsDailyBusinessNewsMHProNews-com-

Hillary Clinton, left, Warren Buffett, right. Credit – Boston Globe.  But Buffett’s stock has soared since the Trump victory, see the graphic and report, linked here. 

Namely, Hillary Clinton and Barack Obama, both of whom supported Dodd-Frank.  Where’s the logic?

Chains of habit are too light to be felt until they are too heavy to be broken.” – Warren Buffett.

What we learn from history is that people don’t learn from history.

– Warren Buffett,
Berkshire Hathaway (BH) Chairman, parent to Clayton Homes, Vanderbilt & 21st Mortgage, per GoodReads.

 

Is Buffett and MHI hoping small to mid-sized companies keep paying for MHI, so that Buffet’s brands benefit from MHI’s actions?

Are companies pressured into being MHI members, if they want to do business with Buffett’s brands?

 

The Solution?

The industry needs a post-production association, one that will replace the tongue-in-cheek “Monopolistic Housing Institute.” MHARR has long supported that call.

MHARR has long supported that position.

Isn’t it long overdue?  If not now, when the evidence is so clear, when?

BobCrawfordDickMooreHousingFrankRofleRVHorizonsMobileHomeUniversityTunicaShowManufacturedHousingIndustryMHProNews

 

Before another year of dues are sent by a company like your’s to MHI, isn’t it time for businesses to re-assess, and plan for a new national association platform?

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

Possible concepts are in the report linked above.

IfYoureWillingtoAbandonPrinciplesConveincesocialAcceptabilityNotPrinciplesCostumeJoeConchaTheHilInspirationlMHProNews874

http://www.mhpronews.com/blogs/INspiration/principles-social-acceptance-and-posturing/

Principles, Social Acceptance, and Posturing

As a trade publication, akin to Ayotte’s insight, the best that we or any professional can do is do the best with the facts when known. MHProNews’ understanding of Preserving Access and MHI have evolved through painful experience. It is thus proper to attempt to inform the industry of the facts, allegations and concerns as they are known and alleged.

Simplicity is supporting the kind of proven pro-business positions advocated by Kid Rock, and President Donald Trump.

KidRockSenateDailyBusinessNewsMHProNews

We can and would support a new national post-production association effort, that is pro-business, pro-consumer, and based upon sound ethical principles.

IWillLowerTaxesEliminateUnnecesaryRegulationUnleashAmercianEnergyPlacingAMericanBusienssandWorkersFirst-DOnalTrumpNationViewsMHProNews

President Trump and VP Mike Pence have both said they will be in the promise keeping business. MHProNews publicly supported Trump – while MHI, just days before the election – put two pro-Clinton speakers on their Chicago event stage.

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

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

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

Manufactured Housing Institute Outgoing Chair Tim William’s Remarks vs. MHI CEO Richard “Dick” Jennison Comments, Fact Checks

October 16th, 2017 Comments off

Credits, as shown, MHI, MHProNews, Pixabay.

I especially want to take this opportunity to recognize our President & CEO Dick Jennison and his senior leadership team: Lesli Gooch, Mark Bowersox and Rick Robinson at MHI. Our team in Washington is highly respected,” said Tim Williams, President and CEO of 21st Mortgage and the outgoing chairman of the Manufactured Housing Institute (MHI).

They get up every day trying to find a way to make your business more profitable with less regulatory interference,” Williams said.

The comments are quoted from a document created by MHI entitled, “MHI Chairman Highlights Industry Successes at Annual Meeting.”

Industry sources made William’s comments available to MHProNews.  Quotes shown herein by Williams will be from that document, unless otherwise noted.

MHI’s Outgoing Chair Facts First, MHI’s Dick Jennison’s to Follow

LookAtTheFactsFactCheckMHProNewsLogoDailyBusinessNewsMHProNewsI think you will agree with me when I say MHI and the industry have had a successful year so far in 2017,” Williams stated.

We’ve brought in more members who are retailers and community owners. We added more than 418 new retailers and 79 new members to the National Communities Council during my tenure.”

Sources connected with MHI provided some context to Williams’ remarks, by sending data obtained from Richard “Dick” Jennison.

Per sources, MHI changed its dues structure about two years ago, in an attempt to ramp up membership numbers.  Almost immediately after that rate change, Jennison reported some 350 new retail members (see below).  The indications were that the bulk of those new members were Clayton retail locations.

When asked by MHProNews to identify the breakdown of how many of those retailers were Clayton or other vertically integrated retailers, Jennison ducked that query by MHProNews, but replied as follows.

Answers to your Questions:

1. 354
2. Our retailer membership application process does not capture this level of specificity
3. Community retailers not included


Dick

Jennison declined to elaborate further, which an MHI source indicated was because MHI was trying to project an influx of independents, when the reality was that Clayton retail locations dominated those totals.

RichardDickJennisonRJennisonMfgHome-OrgManufacturedHousingInstitueMHIMHProNewsLogo

Restating what MHI has supplied directly or indirectly, Williams did not disclose that most of those “new” members were supposedly Clayton owned company stores.  Nor did Williams say that the change came only after a dramatic drop in dues from “$575/location,” per Jennison, to only “$100/location.”

MHI’s “Financial Health

In addition to expanding our membership,” Williams said, “MHI’s financial health and its PAC program continue to remain strong. For the first six months of 2017, MHI’s net income is coming in at $575,000 which is up when compared to budget by $336,000. Cash reserves are currently at $3.6 million and represent close to 11 months of budgeted operating expenses.”

Williams also said that, “MHI’s communications and public relations outreach and efforts have increased significantly.”

This is a noteworthy topic, as several past and present MHI members and other industry professionals – as MHI member Frank Rolfe and other quotes previously published on MHProNews reflect – which criticized that Arlington, VA based trade group for precisely the communications issue.

Williams spoke about their Facebook likes in his address to members, plus other “engagement” statistics, as well as the year-over-year growth rate for the industry

For the first six months of 2017, HUD Code shipments were up 17% from the same timeframe last year,” Williams said.

Without disputing those numbers, that can be juxtaposed by the growth rate reported by Dick Jennison about 4 years ago of about 13 percent.

ManufacturedHousingInstituteMHILogoRIchardADickJennisonPresidentCEOPhotoIndustryOutlookFactCheckDailyBusinessNewsMHProNews

Further analysis reflects the fact that Jennison put the total percentage of manufactured housing compared to single family housing starts at 14.5 percent for 2011. Using the latest U.S. Census Bureau figures for:

  • annually adjusted single family housing 2017 sales through August of 560,000
  • 52,567 manufactured homes
  • 612567 total, divided by/52567=11.65 percent.
  • To rephrase, Jennison showed manufactured housing as “accounted for 14.5” percent “of all new single family homes sold,” vs. the 11.65 percent rate so far to date, per the U.S. Census department information in the bullets above.

Bottom line, for all of the numbers presented to MHI members in Orlando – using MHI and U.S. Census Bureau supplied figures what the facts reveal is that manufactured housing’s share of new home sales declined since MHI’s social media and advertorial campaign launched, per Jennison’s and related Census data.

Ducker Research…

Also of concern is the contrast between MHI’s president stating in the video clip below that the industry should grow slowly.  Finally, after years of pressure on this topic by the Manufactured Housing Association for Regulatory Reform (MHARR), as well as other industry professionals — all as reported by MHProNews.

Further, the facts being reported in other industry trade publications about Ducker Research for MHI’s “Underserved Home Buyer Strategic Research Initiative” reveals that there is little “new” being heard, which Jennison himself hadn’t mentioned in the same PowerPoint provided to MHProNews by an MHI source.  See screen captures from Jennison’s prior presentation, below.

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One source told MHProNews that the kind of data Barry Noffsinger’s video (shown below) revealed – at essentially no cost to the industry – was largely in line with what Ducker’s data was to MHI.

This dovetailed with a concern expressed by a state association executive to MHProNews previously reported here.  That executive said that the Ducker research was unnecessary, as many in the industry ‘already know what’s needed.’

Given Marty Lavin’s critique published here months ago of MHI’s prior Roper research, and what emerges in the view of some in the industry is a pattern of serious questions and issues that are largely bypassed.

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The Manufactured Housing Institute (MHI) Logo is their property, and is used here under fair use guidelines. Collage credit, MHProNews.

Clayton, Cavco’s Data Reflects Slower than Industry Growth Rates

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So, MHI’s own data revealed by Williams – once analyzed – reflects something similar to what Clayton and Cavco data’s does, properly analyzed.

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Specifically, the two largest producers who dominate MHI are growing at a slower rate than the industry at large.  By contrast, Sunshine Homes – which is focused on residential style homes, in line with what Noffsinger said is what the millennials and most of the market wants – is reportedly has been growing at more than double the rate of the industry at large.

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Several manufacturers that Cavco Industries (CVCO) has purchased were MHARR members at the time they were bought.

A fact check of the House Financial Services Committee vote last week on Preserving Access will be forthcoming in the days ahead. Look for insights you may not find anywhere else in the MH Industry’s trade publishing.

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From Cavco annual report, see that, at this link here.

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Data above provided by MHARR, and are reportedly based upon HUD/IBTS data.

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Critiques, properly understood, are a way of improving performance. Every business, every sports team which aims to win does evaluations, which are a critique. “We Provide, You Decide.”   ©

In youth we learn; in age we understand.” – Marie von Ebner-Eschenbach

Sigmund Freud, says Wikipedia, was an Austrian neurologist and the founder of psychoanalysis.  He was long seen as an atheist, but it is worth noting that the NYTimes reported that late in his life, Freud became a believer. Freud spoke about the need for honesty, and that the truth – sooner or later – comes out, and the value of use of reasoning.

Being entirely honest with oneself is a good exercise.” – Sigmund Freud

“…no mortal can keep a secret. If his lips are silent, he chatters with his fingertips; betrayal oozes out of him at every pore.”  – Sigmund Freud

In the long run, nothing can withstand reason and experience…” – Sigmund Freud

The industry is growing at a relatively slow pace, given the need for millions of affordable housing units.

9percent1percentNewManufacturedHousingTrillionDollarHousingNewExistingHomeSales2016CreditManufacturedHousingIndustryDailyBusinessNewsMHProNews_1

Statistics were as of the date these calculations were first made. For a 400 Word Executive Summary, click this link here.

After years of inside and outside pressure, MHI has finally started to respond. But do their results – per their own president’s and prior chairman’s own data – reveals the robust progress being postured?

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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.

We Provide, You Decide.” ©  ## (News, analysis, fact check/fisking).

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

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

Manufactured Housing Industry, New HUD Code Home Retailing – More Exploring, Going Vertical

October 10th, 2017 Comments off

ManufacturedHousingGoingVerticalReportDailyBusinessNewsMHProNewsFirst in the mobile home business days, and later, as the manufactured home industry evolved, the sale of new homes was dominated for decades by independently owned and operated retailers and communities. 

Some independent retailers – a.k.a ‘dealers’ – developed over time into multiple-locations that also produced, sold – and sometimes also financed – their own homes.

For much of the industry’s history, it was independent retailers that dominated in total numbers.

It should also be noted that those eras when independents dominated, had far higher total home sales. Coincidence?  The National Federation of Independent Business (NFIB) – which includes 325,000 companies, hundreds of which are in manufactured housing – has argued that small business is a backbone for America.

MobileManufacturedHomeAnnualShipments1959-2012CalculatedRisk-DailyBusinessNewsManufacturedHousingIndustryResearchReportsMHProNews

The popularity of mobile homes rose rapidly in the post World War II period. The first big drop came during the time that the HUD Code for manufactured housing was passed and went into effect. 

That trend of new home sales being dominated by independents stared changing in the mid-to-late 1990s. 

Fleetwood Homes and Champion Homes – then the two top producers of HUD Code manufactured housing – went on a buying spree of retail locations.  The big two builders of HUD Code manufactured homes were looking for more market share, and their plan was simple.

Establish new retail centers, or buy out existing ones that were already performing.

FactoryHousingEvolution101TrailerHouseMobileHomeManufacturedHome

To understand the proper industry terminology, click the graphic above.

Tony, I have absolutely no idea,” how many other HUD Code manufactured home producers are exploring or going vertical.  But, “In the case of [our company],” the “off-the-record for now” email read, “I give it consideration every single day!

Another independent producer said they were hearing some about this vertical integration trend, but not hearing a lot of this [yet,] but understand many attempt to find different ways to solidify and/or increase their market share and CSI.”

 Among the MH Industry’s Vertical Operations

·        Clayton Homes,
·        Cavco,
·        Nobility Homes,
·        Solitaire, and
·        American HomeStar,

are among those companies that produce and retail homes – these are brand that to various degrees are already vertically integrated.

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Sources tell MHProNews that the FEMA fiasco is sparking a move by some into vertical integration.

Vertical integration may or may not include new home financing – which Clayton Homes does through Vanderbilt Mortgage and Finance (VMF) – and may also include:

  • insurance,
  • transport, and
  • installation.

As regular MHProNews readers know, unlike 21st Mortgage, VMF offers programs that may not be available through their Berkshire Hathaway sister operation, 21st Mortgage. 

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Those differences between 21st and Clayton’s captive lender VMF, tilt toward VMF.  That gives Clayton at least a theoretical edge in the marketplace.  How Clayton does with that edge will be explored in an upcoming report.

 

ManufacturedHousingIndustry30YearAnnualShipmentsCavcoMHIDailyBusinessNewsMHProNews

A variety of factors has influenced the rise and fall of manufactured home shipments over the years. Among those often noted are economic, finance, competition from easy site-built lending in the early 2000s, regulatory — and the impact of near monopoly” influences.

 …and Going Vertical…

The Daily Business News has heard directly from top executives at two operations, who have told MHProNews that they’re in the process of “going vertical.”

Both have mentioned the frustration over FEMA, as well as other causes for their plans.

While one company set no specific time lines, the other indicated that by this time next year, “going vertical” would be a “done deal.”  To protect proprietary information, and at the request of those sources, the specific details are being kept off-the-record.

VintageMobileHomesKenCorbinDailyBusinessNewsMHProNews

In the mobile home era, hundreds of thousands of more homes were sold than are being sold today. Yet the affordable housing crisis is raging nationally, Plus, the quality, design, appeal and satisfaction of modern manufactured homes are higher today than ever before.  While there are many factors – including regulatory ones – that contribute to the lower new home sales volume today, sources tell the Daily Business News that it’s due in part to what producers across the country have said is a lack of independent MH Retailers. With the FEMA crunch, there are now increased concerns from a growing number of independents about the direction that current events are taking the industry.

MHProNews has also heard from/about two other operations that are testing/going/exploring vertical integration.

All of this comes down to an insufficient number of independent operations,” one source in HUD Code building said. “A competitor of ours is helping new independents open up; not exactly a vertical operation, but a step towards that, as they’re offering floorplan on their inventory.”

Charley Lott, Fleetwood Homes

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Charley Lott, Fleetwood Homes, Cavco Industries, credit, MHProNews.

At the Louisville Manufactured Housing Show, circa January 2007, Fleetwood’s Charley Lott – now part of Cavco Industries – stood in a room with over 100 independent operators in it. 

Lott was making his ‘mea culpa’ to those independent retailers and communities, for the period when Fleetwood “forgot” its independents that helped make them a top player in manufactured housing for many years.  

Lott admitted to that room of independent retail and community professionals that in Fleetwood’s rush for vertical integration –  during their late 1990s contest with Champion – their focus shifted away from independents. He admitted apologetically that it hurt many involved in that process.

Much has changed in the last 20 years, as longer-term manufactured home industry veterans know. 

But the question of vertical integration is a vexing one, which IBIS World and The Atlantic predicted, as was previously reported at the link below the graphics that follow.

AmericasFastestDyingBusinessMobileHomeRetailers

A close reading of the IBIS World/Atlantic report made it clear that the headline was actually focusing on how independent manufactured home retailers were dying off. That projection, now several years old, has proven to be correct.

Some of the causes for the failure of literally thousands of independent HUD Code independent retailers – and later several of the producers which supplied them – has been explored in part in previous articles, one of which is linked here.

How many independent retailers have vanished?  Former Clayton exec turned-speaker, Ken Corbin puts the number around 10,000.

CallKenCorbin10000ManufacturedHomeRetailerDealerDropDailyBuisnessNewsMHProNews

The above is a collage of some images from Ken Corbin’s presentation at the manufactured housing industry’s 5 State Event in Deadwood, SD. Graphic by Corbin used with permission.

There will be a special report of a process that accelerated the demise of independent retailers and producers. It will explore a related, underlying cause that’s gone under-reported in MHVille. It is one that sources say the Manufactured Housing Institute (MHI) and its key players have allegedly hoped would not “come out” to see the light of day.

Still Several HUD Code Independent Producers Committed Solely to Independent Retailers

Sunshine Homes president John Bostick has made it clear to his retailers that he is committed to them.

That loyalty is valued and respected in the hospitality and meeting rooms where dozens of Sunshine independent retailers and communities gather.  Having attended several of those over the years, the mutual respect at their gatherings is tangible. That independent producer, retailers, communities and builder/developers have forged a bond with each other, that in several cases, spans decades. 

So, one point is that not everyone is ‘going vertical.’ 

Besides Sunshine, several other independent producers and retailers exist, as Bostick has noted on several occasions.  Many are represented by the Manufactured Housing Association for Regulatory Reform

As FEMA and other pressures grow on retailers and producers alike, what the future will hold is literally up for grabs.

Up For Grabs

One of those grabbing for a takeover of more independents is Clayton Homes, as the Daily Business News has previously reported. 

ClaytonHomesFEMALogosDailyBusinessNewsMHProNews

As pressure on independent retailers mounts from direct and indirect causes, industry professionals have voiced on-the-record concerns that they are being squeezed in the marketplace.  Learn more, click above.

A reliable source tells us that Clayton has “a mandate” to continue growing their retail division.

There are concerns about “the near monopoly,” as Maxine Watters (D-CA) and some of her congressional colleagues have expressed about Clayton grip in HUD Code production.  

But sources note there seems to be less federal oversight on the industry’s retail side.

Some of that expansion by Clayton retail will come, per another source, from expansion and buyouts, like the one previously reported about award-winning Home Mart, in Tulsa, OK.

HomeMartClaytonHomesGoogleMapsDailyBusinessNewsResearchDataReportsMHProNews

A growing number of retailers are selling out to Clayton Homes, as MHProNews has been reporting.

But others, per that source, will come from attrition of the relatively small numbers of independent producers still in the market place. 

That allegation and other concerns noted will be explored in yet another planned, upcoming report. ## (News, analysis, commentary.)

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

LATonyKovachMHProNews-com-

L. A. ‘Tony’ Kovach addressing industry professionals in an educational session.

By L. A. “Tony” Kovach, managing member of LifeStyle Factory Homes, LLC – parent company to MHLivingNews and MHProNews.

 

 

 

 

 

 

Sunday Morning Weekly Recap Manufactured Housing Industry News, September 24 to October 1, 2017

October 1st, 2017 Comments off
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Featured image credit, MHProNews.

Tony, every week there is so much that happens, this [The Sunday Morning Headline News Recap] is an easy way for me to review the news, thank you for this [feature] and your team’s coverage of factory-built housing.

Our featured articles for September are available on the MHProNews.com home page.

FYI – and ICYMI if you aren’t already on our twice-weekly emailed headline news update, click here to sign up in seconds.

Thousands get our emails, and the open and click through rates – per MailChimp – blow away others in media and publishing.  The reason?  “Relevant!” said a regular on MHProNews.

To see the line-up of over 2-dozen featured articles for the month of September, along with the headline commentary, please click this link here.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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What’s New On MHLivingNews

Manufactured Home Community Survives Hurricane Harvey, Damage Reports, and Relief EffortsSeptember 30th, 2017

Top10BreathtakingModernShippingContainerHomesUS2017DailyBusinessNewsMHProNews

September 29th, 2017

DarknessCannotDriveoutDarknessOnlyLightCanDoThatHateCannotDriveOutHateOnlyLoveCanDothatDrMartinLutherKingJrPixabayMHLivingNews

https://www.manufacturedhomelivingnews.com/seek-first-a-post-charlottesville-message-of-healing-and-principles-for-america/

September 28th, 2017

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September 27th, 2017

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September 26th, 2017

RobotsAIReplacingSkilledHumanPositionsMoreRapidlyThanExpected

September 25th, 2017

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September 24th, 2017

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

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

FEMA, Clayton Growing “Threat” to Independent “Non-Corporate” Companies – from Omaha

September 23rd, 2017 Comments off
OmahaWorldHeraldBerkshireHathawaySat9232017DailyBusinessNewsMHPronews

Today’s newspaper cover for the Omaha World Herald.

Reporting from Omaha, Nebraska. “Not everything is some dark conspiracy,” an informed source said to MHProNews.

Clayton and their [Warren] Buffett owned sister companies didn’t plan [Hurricane] Harvey. But they are benefiting from it in direct and indirect ways, that will allow them to increase their hold over manufactured housing [retail, production]. Ultimately, FEMA will de facto help them topple one or more independents [producers],” that source said.

Competing Narratives?

An independent, respected and award-winning retailer, Frank Woody of Texas-based Republic Manufactured Housing Corp, told MHProNews in an on-the-record remark, the following.

Tony [Name of Clayton executive] “…told me this week that NONE of his plants should be putting me or anyone else off because of FEMA. He said they are shifting production around and using the new Athens plant.  He said by law they have to take FEMA orders,” Woody said. I don’t know if they are building them at Athens, or the Ft. Worth S. Energy plant.  I should know the answer in a few minutes.”

Also, Legacy has turned down FEMA in Texas, but accepted them in new S. East US plant,” Woody stated in an emailed statement.

Woody added that his high-level source at Clayton “would not lie to me.”

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View from Omaha, NE – MHProNews meeting room.

But another Clayton independent has told MHProNews that Berkshire Hathaway owned industry giant is already “crawfishing” on delivery dates.

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FEMA pays more than independents. Retailers will be pushed out if they get priority,” a well informed source said.

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Collage by MHProNews, the download of the most relevant parts of this memo is available by clicking the image above.

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Gus Rodriguez of Tejas Homes in Conroe, TX, has been told something by CMH which seems to be at odds with what Woody is saying.

TejasHomesLogoGusRodriguezCo-OwnerDailyBusinessNewsMHProNewsRodriguez stated in an on-the-record series of messages to MHProNews that one of his Clayton (CMH) plants has told his company that their next order won’t arrive until February 2018.

We can see why FEMA buys direct from manufacturers to expedite new homes to those [storm victims] who lost their homes,” Rodriguez said. He is “Absolutely” sympathetic to the needs of those tens of thousands of hurricane victims.

However,” the Tejas Homes leader asked, “who is looking out for the long-term viability of the [independent] retailer organizations?”

Award Winning Industry Veteran Sounds the Alarm for Independents

In a message to MHProNews, an award winning industry veteran said about…“FEMA:  IF they commandeer a large portion of production/plants, all of us independents are going to feel that hit and, depending on your suppliers, that could be a BIG hit.”

The source insisted, “That would make the danger much greater for the independents.”

Industry lenders have also expressed concerns about the impact of Harvey and Irma. That will be part of an upcoming report on the lending/disaster connections.

FEMAmanufacturedHousingUnitsFEMADailyBusinessNewsMHProNews

How FEMA Could Foster Berkshire Hathaway’s Grip on Manufactured Housing

If retailers are starved for inventory for months, several will fail or sell out as time progresses,” a source stated. “If more independent retailers are starved out, that only means Clayton will grow more, without appearing to be [doing so via] monopolistic practices [to DOJ].

Some independent HUD Code builders will sell out, will be compelled to do business with Clayton retail, or will be forced out, because there will not be sufficient retailers left to sustain them.  Those independent [producers] will ride high for months. But when the reality of fewer independent retailers hits, that’s when they [HUD Code builders] will be faced with only a few options. Berkshire will win by default.”

Sources connected to independent producers tell MHProNews that FEMA has allegedly not been even-handed in its information flow to non-MHI member companies.

FEMACommandeerManufacturedHousingProductionCenters

FEMA Source Initially Responds, Then…

A FEMA source initially responded briefly to MHProNews, but has since gone silent on follow up questions.

That, industry members and analysts say,  may also be another indication that those who aren’t in MHI’s “pocket” will tend to get less access to information – and other benefits? – than those connected to MHI.

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MHI, MHARR, MHEC logos, are each the property of their respective association, and are shown here under fair use guidelines.

It should be noted that while the Manufactured Housing Association for Regulatory Reform (MHARR) is normally responsive to MHProNews inquires on this subject – perhaps due to meetings or other factors – there has been no official word from that organization which represents independent HUD Code producers.

More Insights, Allegations

Another informed source said in a message that, “It’s difficult for MHI [Manufactured Housing Institute] to deny what’s already obvious to the[mainstream] news media, politicians, bureaucrats, and non-profit groups have said [about allegedly monopolistic practices].”

CampaignForAccountabiltyClaytonHomesLogoBerkshireHathawayVanderbiltMortgageRacismSteeringPredatoryLendingDailyBusinessNewsMHProNews720x403

“Monopoly” is a word being heard from Washington, D.C. politicos, non-profits and others. Use the Daily Business News search tool to see more reports on that issue.

Berkshire Hathaway dominates MHI through their various production, lending, retail, and supplier units. During the Obama years, they had great influence in Washington.  MHI postures actions designed to look like they are fighting HUD, CFPB, etc.” the source said to MHProNews.

But the reality is, they [BH manufactured housing units] are making money and dominate the [MH] industry as a result of Dodd-Frank. Heavy handed HUD or other regulations weighs more heavily on smaller or lower volume companies. Whether MHI succeeds or fails at their lobbying, BH [Berkshire Hathaway] profits,” that source stated.

That, say several sources, are part of a pattern that allows federal agencies to de facto benefit larger companies, which disadvantages others who have fewer resources.

A source told MHProNews that independents “can’t take a victim mentality.”  They must be pro-active, to find the ways they can maneuver past the various threats and still survive and profit.

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Non-BH lenders are providing feedback to MHProNews about their concerns that this growing FEMA connected crisis can create for independents of various niches within manufactured housing. Another report on that issue should be published next week.

No OFFICIAL Comments…

MHI, Clayton and their BH sister companies have been asked for comment on these allegations, reports and developments.  Rick Robinson, and others have declined comment.   But off-the-record information continues to come into MHProNews.

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MHARR has also been asked for comment about these reports, and no official word has yet been received.

Programing note: additional reporting related to BH and their manufactured housing units will be published on Monday.  ## (News, commentary, analysis. Note: typos/grammar from quotes are in the original, “SIC” use was saved for the end, to make the flow of these reports easier to read.)

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

Sunday Morning Weekly Recap Manufactured Housing Industry News June 25 to July 2, 2017

July 2nd, 2017 Comments off
ManufacturedHousingIndustryProfessionalNewsWeeklyRecap2017MHProNews

A look at the new MHProNews.com home page.

As vacation season rolls on, we’ll try something just a little bit different again today for our weekly recap of .  Reader feedback, always encouraged and appreciated.  Matthew and his work are missed, but we hope his trip to the mountains will be a good one!

What’s New on MHLivingNews.com

We’re testing out some new things on the Daily Business News this week too, and have had some guest writers doing reports for us.  Traffic on these reports have been good  – that’s always a positive sign – but your written feedback is appreciated. 

July 1st, 2017

Able+AbleFactoryBuiltHomeModularManufacturedHousingDailyBusinessNewsMHProNews

June 30, 2017

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June 29th, 2017

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June 28th, 2017

 

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Chet Murphree, Deer Valley Homebuilders. James McGee. Deer Valley Homebuilders, L.A. ‘Tony’ Kovach, Inside MH.

June 27th, 2017

 

MHARR_accuses_HUD_of_power_grab_June_2017

 

June 26th, 2017

OPEC Disarray May Yield Manufactured Housing Industry Hooray

Proud Patrick Performance Perspective Spotlighted, MHCV, Markets Mixed

LoisStarkeyFormerlyVPManufacturedHousingInstituteRichardADickJennisonPresidentCEOMHIDailyBusinessNewsManufacturedHomeIndustryReportsResearchDataMHProNews

MHI Legislative Fly In Clouded By New Controversy

Eric Conn ‘Trailer Law Complex’ Social Security Attorney ‘On the Lam’

Putting the Cart Before the Horse—Er, House—in Montana

Sunday, June 25th.

Sunday Morning Weekly Recap Manufactured Housing Industry News June 18 to June 25, 2017

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-

(Image credits are as shown above.)

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