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Apple, Amazon, Alphabet (Google), What Role Will Trillionaire Firms Play in Factory Built Housing?

January 27th, 2018 Comments off

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There’s a race on between the giant 3 As of the tech world.

Which will become the first trillion-dollar operation?

 

Analysts project that in about 12 months, Apple, Amazon, and Alphabet – the parent company to Google –  could hit the $1 trillion-dollar mark in valuation.

As the Daily Business News has previously reported, several of the tech giants are dabbling directly or indirectly in the world of factory-built housing.

In one sense, their realities give them little choice.

Housing for their workers is a problem. So, of course they will be focusing on solutions for those kinds of issues.

The composite Google search results from this morning – shown below – provides a snapshot of the realities.

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With affordability an issue, as the housing news search above demonstrates, the tech giants are both compelled – and will be attracted into – the world of factory built homes.

  • When Apple announced that it will repatriate over $200 billion dollars due to tax reform,
  • with over 200 U.S. companies announcing bonuses and pay hikes to workers, that positively impact millions of Americans,
  • with President Trump’s Davos trip theme of “America is Open for Business” to the titans of international commerce being widely hailed, even by many in an often-critical press,
  • with consumer confidence at or near record highs,
  • with business confidence high,
  • with unemployment is at or near historic lows,
  • with immigration related issues moving towards – yes, hard to believe based upon the political theater – the first stage of resolutions,
  • and housing affordability and millions of housing units need,

those bullets all read like a road map for investors into the universal need for more quality, affordable housing.

That in turn has and will continue to lead investors into affordable factory-built housing. Which has already led some in tech into various kinds of prefab or modular housing, as we reported throughout 2017.

Meet the Modular Housing Builder Google Picked, and their “Industrial Cathedral”

Survey Top 2017 PreFab, Modular, Tiny and 3D Printed Housing News Stories

But others will “discover” that manufactured homes are very different than the stigmatized stereotype projects. That’s when the Sam Zell mantra – when others are going right, look left – will take root with a growing number of tech companies, hedge funds, and other deep pocket players searching for smart, sustainable value.

 

Private Equity Fund Grabbing 2 PreFab Home Builders

Given the fact that:

  • production backlogs of HUD Code manufactured homes are several months deep,
  • new plants are scheduled to come online,
  • manufactured housing – which outsells modular, as the example from Skyline below reflects – will doubtlessly get its share of the investment pie.
OverviewSkylineCombinationSkylineChampionConferenceCallPowerPointDailyBusinessNewsMHProNews1.25.2018p8

83 percent of Skyline’s production, per the graphic above, is from HUD Code manufactured homes. 9 percent is from modular homes. The other 8 percent are categorized as “park models,’ which some would see as similar to ‘tiny houses.’ Learn more, at this link here.

 

Housing, Housing, Housing…

The latest announced shakeup at HUD is a signal, Daily Business News’ sources tell us, that the Trump Administration is recognizing the potential, importance and value of manufactured housing in the mix of the nation’s total housing outlook.

Keep in mind that Vice President Mike Pence is from Indiana, which is the ‘birthplace’ of manufactured homes.  Sources there tell MHProNews that VP Pence understands HUD code homes – even our industry’s lingo – far better than most politicos.

SteveDukeLMHATheTerminologyMattersBecausetheTerminologyDefinesTheConstructionStandardsDailyBusinessNewsMHProNewsMHLivingNews1

http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/your-words-matter-proper-terminology-for-factory-built-homes/

As MHLivingNews reported during the campaign, one of President Trump’s family businesses – building – has direct exposure to high-end prefabs.

So the foundation for a federal policy more embracing of factory-built homes exists.

These are among the reasons why MHProNews early, loudly, and proudly promoted Team Trump during and since the 2016 campaign.  The background and policy positions of the Trump/Pence ticket were clearly superior to those of Secretary Hillary Clinton.  2017 and early 2018 economic news has proven that to be an accurate assessment.

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While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, MHProNews and the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, plus on numerous news, conservative, and pro-Trump websites.

The Latest Big Deal…

The Skyline-Champion deal has and will cause more investors to take a new, fresh look at manufactured and modular homes.  As last night’s market report reflected, the stock has soared in the wake of the announcement.

Skyline – Insider Trade$, Institutional Owner Move$ – Plus Manufactured Housing Market Update$

The manufactured housing REITs and publicly traded companies that have land-lease communities have had a strong, steady performance, even in the face of the headwinds caused by the Obama-era Consumer Financial Protection Bureau (CFPB).

For a snapshot of the market impact, see the links from last night’s MH connected market report for the 1 Year Post-Election trends of the various companies the Daily Business News tracks better and in more detail than anyone else in the manufactured housing industry’s trade media.

Big Toe in the Water…

While it’s a arguably a pittance to start, Fannie Mae’s and Freddie Mac’s toe into the manufactured home chattel lending waters has drawn headlines, and that also means, investors’ eyes too.

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

England’s financial services giant Legal and General has taken a direct dive into modular housing.  Plus L&G has reported investments in U.S. based Cavco Industries (CVCO), the current #3 producer of HUD Code manufactured homes.

Capital has and will seek ways to be deployed in areas of opportunity.  Housing may not be quite as sexy as tech, AI and self-driving vehicles for some.  But it very much fits the mold of a market that is already attracting new capital, and is poised to draw in even more.

The chart posted below is a reminder of the tremendous upside opportunities for manufactured housing, within the broader conventional housing market.

 

The list of promising indicators are so numerous, that a book is needed, not an article.

Thus this post is designed to provide a flavor of known facts, trends, and links to more details about the dynamics behind it all.

Investors, Investors…

Investors are reaching out to and researching MHProNews and MHLivingNews – directly and indirectly.  Why?  Because they find these to be a superior resource for their research.  The same can be said about public officials.

Beyond messages and conversations, website and third-party statistics provide insights of why these sister-trade-media-platforms are well received by the public, professionals, and politicos alike.

“Controversial Topics” Exist in Part as Answers to Tough Questions from Outsiders Looking at HUD Code Manufactured Homes

The controversial topics that cause some in MHVille angst, are in fact a necessary part of the industry’s reality check.

They answer questions that investors and industry pros alike are posing.

The articles linked herein take a deeper dive into some of the related topics.

Manufactured housing underwent a major shakeup after the industry’s downturn that began in 1998.

The Warren Buffett/Clayton/Vanderbilt/21st/MHI related articles are designed in part to answer a common question from investors.

Among the questions or lenders and investors?

For those who have seen and touched the product, “How is it that manufactured housing hasn’t already taken off?”

 

 

Interview videos with experts – such as the one above – help answer that question.

The video below helps answers concerns that arise from informed public officials.  The written reports that compliment those two and other videos we’ve produced over the years round out fact-based insights that intelligent investors, shoppers, and others want answers to; today.

 

 

The Powerful Insights from the Clayton Video Interview

The thumbnail link to the Kevin Clayton video interview has now been placed on the MHProNews home page.

 

 

That interview is akin to a road-map for the industry’s story in recent years in several ways.

Combined with our related reports, that interview video helps explain several of the dynamics on how and why so many in manufactured housing have struggled when it should be soaring. It explains why and how Clayton – via Berkshire and “the moat” – gobbled up such big pieces of the industry in a relatively short period of time.

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

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

The Clayton interview and related report – linked above – also plainly states what the billionaires and the billion-dollar corporations want to know.

Namely, what must others do to be successful in a sustainable way in manufactured housing?

 

Study!  Research!  Facts! Expert Guidance! Understanding! 

Warren Buffett’s success, as Kevin Clayton mentioned, is due in part to the Berkshire Hathaway chairman’s studious ‘professorial’ approach, and ongoing research.

The advantage Buffett has wielded is understanding.

Understanding is what reduces risk, says Buffett, and can lead to maximum opportunities.

The Alan Amy and Mike Harrison videos each make or underscore points that the factory-built housing industry’s current and incoming professionals must grasp.

They are?

  • Alan Amy states the obvious truth that is hiding in plain sight. Manufactured housing is the future. That’s why people like Buffett or real estate/investment mogul Sam Zell are in the business, and why they continue to try to increase their presence.

 

  • Mike Harrison is one of several possible examples of how quickly manufactured housing can be used to develop – or redevelop – properties with hundreds of homes, in a short time-frame.

 

While MHI’s strategic initiative will draw some attention, what is already known about it is typical of their work.  They’re behind, not ahead.

Part of the evidence is Barry Noffsinger with Credit Human fine job of explaining for MHProNews reader/viewers almost a year ago several of the same points – in several ways, better – and certainly for less money.

 

 

The irony is that “the moat” -building Berkshire boys are growing at a slower pace than the industry at large is. That’s based upon their own and MHI’s data.

Further, if you listen to Kevin Clayton’s video and look at their current number of retail locations, one must draw the conclusion that they reduced the number of retail locations in recent years by about 100.

While reducing many of their own retail centers, Clayton Homes purchased others from independents. Among those purchased by Clayton, were operations our consulting side had involvement with.  Most of their profits aren’t from retail, they are from finance.

Facts simply are. None of those are slams.  Rather, they are reality-checks that are precisely the kinds of insights that investors and professionals alike ought to crave.

Clayton arguably would be doing better – and certainly the industry at large would be doing better – if they had not killed off/forced out hundreds of competing companies, as “the Moat” article above lays out and links up in more detail.  Keep in mind that IBISWorld/The Atlantic projected that it would occur.  So these are not mere opinions, they are observable realities that objective researchers will uncover if they but look.

Those researchers are looking here and on MHLivingNews.

Our upcoming exclusive focus group videos and reports continue to build on the body of evidence that manufactured housing is the future, and can routinely yield happy home owners.

So, while there is a certain ‘tension’ between the elephant-in-the-room (Berkshire’s manufactured housing units, the rest of the industry and outsiders looking in); the behavior of the Omaha/Knoxville/MHI axis could be a case study as to why anti-trust (anti-monopoly) laws exist in the first place.

MH Resistance – Unmasking, Demystifying, Manufactured Housing Industry’s Roadblocks

Anti-trust laws exist because it is overall bad for business, bad for consumers and bad for the economy at large — even if it may seem to specifically benefit a given ‘trust.’

Faster Growth Outside of the Giants

Independent producers, such as Sunshine Homes, have been growing at more than double pace of Clayton and Cavco.

Publisher Rebuked! Doubting Doctor, Skeptic Stunned!

Independent retailers and selling communities – such as New Durham Estates and others – are growing at a far faster pace than the industry ‘leaders.’

One takeaway is clear.

Free enterprise works when its allowed to work.

Taking the foot off the regulatory break – a foot that Buffett and others helped put and keep in office with President Barack Obama – will naturally be good for business.

While people can hate or love his tweets, President Trump – the builder/entertainer/communicator – is reopening America for business.

Housing Hunger…a Necessity That Must Be Fixed

Realtors are hungry for more affordable inventory.

Realtor’s website joined Bloomberg, Fox and HousingWire in 2015 in proclaiming the role that manufactured homes need to make in the nation’s housing supply.

Bloomberg, HousingWire, Realtor and Fox all suggest Manufactured Homes as Important Solution for Affordable Housing in America

MHI continues to communicate problematic narratives to Washington (e.g.: stressing manufactured housing as predominantly “rural housing” is arguably one of several tactical/strategic errors they’ve made for years).

But the reality of MH being successfully used in urban and suburban settings has been a theme that MHLivingNews and MHProNews have spotlighted for years.

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Appealing Manufactured Housing Institute (MHI) Marketing, Finance Booklet Reviewed

In the pre-MHI president and CEO, Richard “Dick” Jennison era, MHI’s staff were far better at grasping and pointing to those urban and suburban uses.  See the report, linked above.

Until those within and outside of MHVille fully grasp the amazing benefits of the ‘two great laws‘ already on federal books that could benefit manufactured housing, the industry will not reach its potential.

But the reverse is true.  Applying those two great laws are part of what the savvy players are banking on.

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

Only Patient Research, Sufficient Resources and Expertise Will Sustainably Succeed

It’s a complex industry at first.

Warren Buffett’s Political Payoff$, THIPS, and Manufactured Housing

There are many moving parts.

The politics of the industry and its associations are not instantly grasped.

Too many within the industry’s own ranks are not clear on just how great the upside potential truly is.

None of those claims should be construed as a slam. They are demonstrably true, as sources tell us or admit.

But the reason that the latest ‘big deal’ – Skyline Champion – is a signal to:

  • investors,
  • housing/policy advocates,
  • public officials and
  • those in the industry

is precisely the reasons why the tech giants and billions being unleashed in the America economy will attract billions of investor dollars into factory-built housing.

While no one can say how many billion that will be, the math is clear.

For those who understand or learn about the HUD Code manufactured home industry’s two already existent great laws, it ought to be obvious.

Manufactured homes are, as Alan Amy wisely said, the housing of the future.

Some might call all of the above our opinion.

But it’s the view from a veteran of the industry, not just a ‘reporter.’  That combination of veteran and consulting experiences, combined with our daily research and reports places us in that enviable Masthead perch.

 

 

It’s a fact. You can see farther from atop the Masthead than you can from the deck of the ship. It’s not bragging if it’s true.

We Provide, You Decide.” © ## (News, analysis, commentary, links to documents and research.)

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By L. A. “Tony” Kovach.

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

Both are #1 in their categories.

For consulting and business development, other professional services, click here.

Kovach is one of the most endorsed and recommended MH industry professionals in all of manufactured housing.

Regulation Nation – Manufactured Housing Associations, Companies, and Professionals

June 28th, 2017 Comments off

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You are entitled to your own opinions. But you are not entitled to your own facts.”

So said Daniel Patrick Moynihan, who was paraphrased recently by Tim Williams of the Ohio Manufactured Housing Association, in that association’s efforts to battle the Kasich Administration’s ongoing plan to over-regulate manufactured housing in OH (see a report on that issue, linked here).

Regulation, The Nation, and Manufactured Housing

While many would agree that some level of regulation is necessary and good regarding health and safety in a society, how much is too much?  Where are those lines for ‘enough’ regulation versus ‘too much’ regulation?

How much those regulations cost a business, the impact on jobs, an economy, and thus the U.S. have become matters of great importance.  Because regulatory costs have risen for decades under both Republican and Democratic administrations.

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Source, NAHB study, linked here, includes a download.

These issues impact federally regulated manufactured housing daily.

Other aspects of the industry are regulated at the state or local levels.

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What that means is that whatever you do in manufactured housing, the impact of regulations on you and your business are essentially inescapable.

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Sam Zell, chairman of the board of Equity LifeStyle Properties (ELS) is among those who has recently addressed the issue of how regulatory overkill creates pressures that forces consolidation.

MHProNews has often referred to the chart above that asserts that the cost of federal regulations under the Obama Administration to be at roughly 4 trillion dollars annually.

The Daily Business News and the Masthead blog’s editorial commentary have also referred to research by the National Association of Home Builders (NAHB), or the National Association of Manufacturers (NAM), which spells out the facts on the costs – and impacts – of regulations in building and production.

A significant part of what has moved the stock markets for months is that the Trump Administration has tackled regulations at the executive level.  Some regulations have been cut back.  Others are being delayed or blocked from taking effect.

Because investors largely know that fewer regulations means more profitability, the markets have been rising.

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The larger the company, the easier they can mitigate regulatory costs. Source, NAM.

The hope for administration-promised reforms of ObamaCare, Dodd-Frank, energy policies, and the tax system are among the other drivers of the markets, which have hit some 2 dozen record highs since Donald Trump’s election.

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The exact amount of regulation maybe subject to some level of interpretation.  CFPB directory Richard Cordray himself suggested that in a video, linked here.

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Richard Cordray quotes and those from the report and video on this page, linked here.

That there is a high cost to regulations is a matter of fact.  That’s not an opinion, and that’s where the Moynihan quote at the top applies.

Excessive regulations are harmful, a reality.  Supreme Court Justice John Marshall wrote that “The power to tax is the power to destroy” – a fact – in more recent years, the Wall Street Journal, or Townhall’s Jeff Jacoby have morphed that truism into another reality, “The power to regulate is the power to destroy.”

Fighting Regulations and Manufactured Housing

Fighting regulatory policies are one of the reasons why companies organize themselves into trade associations.

In manufactured housing at the national level, we see three key players.

1)    The National Federation of Independent Businesses take – which boasts hundreds of MH Industry members, has an astonishing 325,000 independent businesses as members. NFIB tackles macro issues such as taxes, health care, and the overall business environment. But NFIB does not claim to get into the weeds of specifics that impact HUD Code manufactured homes.

2)    The Washington D.C. based Manufactured Housing Association for Regulatory Reform (MHARR), which for decades has focused solely on the interests of independent producers of federally regulated HUD Code manufactured homes. Some industry writers  and commentators outside of MHProNews or MHLivingNews have at times conflated the roles of MHARR with MHI.  That’s a factual error. The two trade groups have distinctive missions. MHARR represents HUD Code home producers.  MHARR does not claim – at present – to work for the interests of retailers, communities, installers, transporters, service providers or lenders – even though MHARR’s positions may in fact benefit such other industry groups.  It should be noted that MHARR is studying the possibility of opening up its membership more broadly, to include communities, retailers, lenders and others. That decision will be considered during a planned November call of MHARR members.

3) The Arlington, VA based Manufactured Housing Institute (MHI). MHI describes themselves in these terms:

The Manufactured Housing Institute is the only national trade organization representing the factory-built housing industry. Its members come from all sectors of the manufactured and modular housing industries and include builders, lenders, home retailers, community owners and managers, suppliers, 50 affiliated state organizations and others associated with the industry. MHI members are responsible for more than 85 percent of the homes produced each year.”

ManufacturedHousingInstituteMHILogoMissionStatementSelfDescriptionUmbrellaAssociationDailyBusinessNewsIndustryNewsResearchDataCommentaryMHProNews

Contrasting MHI and MHARR

These facts about MHI, and how they are distinct from MHARR, are significant.

From time to time, readers contact MHProNews and ask, ‘why do you focus on MHI related issues?’

The answer lies in how each trade group embodies their stated mission.

MHARR members do not complain about what MHARR does, nor how they are doing it.  While there are internal politics in any organization, literally no MHARR member has contacted MHProNews to say that MHARR has drifted from their mission.

NewManufacturedHousingAsPercentageOfNewExistingHomeSales2016CreditManufacturedHousingIndustryDailyBusinessNewsMHProNews_1

MHI spent $15 million dollars (+/-) – and about $2.5+ million on Richard Jennison, Lesli Gooch, and her predecessor – in 5 years for dealing with regulatory issues impacting the MH Industry. What practical achievements can MHI point to for those millions spent? To see the 400 word executive summary, click the image above.

By contrast, a significant number of MHI members – including past and current MHI board members – have expressed concerns about the effectiveness of the trade body at doing one of the key things a trade organization is supposed to do.  Namely, to work to mitigate the impact of regulations.

As we’ve also reported, there’s been friction alleged from within MHI among their staff – that has gone off-and-on for some years.

Because regulatory impacts matter, how an association functions, fails, or succeeds also matters.

BobCrawfordDickMooreHousingFrankRofleRVHorizonsMobileHomeUniversityTunicaShowManufacturedHousingIndustryMHProNews

What Happens When Regulations Aren’t Mitigated?

The answer to that is supplied once more by MHI member and ELS’ legendary leader, Sam Zell.

Too much regulation, said Zell in a report linked here, tends to force consolidation. That’s a reality – a fact – not an opinion.  In the finance world, Dodd-Frank’s heavy-hand has forced hundreds of independent community banks out of business.

Similarly, in the world of manufactured housing, thousands of businesses have vanished or were consolidated by larger players, often directly or indirectly caused by regulations.

Why MHI Effectiveness and Accountability Matters

Thus, there are those in manufactured housing who express concerns about how effective MHI is at achieving their own stated agenda items.

Be it:

  • Preserving Access,
  • the Duty to Serve,
  • mitigating HUD’s impact on the industry, etc.

– the de facto beneficiaries of those regulatory pressures are those larger businesses that can better withstand the regulatory costs.

That’s the precise reason that MHARR exists, to help level the playing field between MHI – which MHARR claims ‘goes along to get along’  with regulators – and thus is de facto harming smaller producers.

JennyHodgesMHINCCTimeBombDeployed

MHI, NCC logos and Jenny Hodge’s original photo, credits are MHI/NCC, and are shown here under fair use guidelines. Collage credits, MHProNews.com.

But it isn’t just small producers of HUD Code homes who are harmed.

MH Retailers

Independent retailers have closed or were consolidated by the thousands. That trend began in the early 2000s, and accelerated in the aftermath of the 2008 recession.  That trend of the loss of independent retailers was the focus of the controversial IBISWorld report a few years ago. The Atlantic paraphrased IBISWorld as saying that independent manufactured home retailers (what the Atlantic incorrectly termed ‘mobile home dealers’) were being pushed to extinction. Meanwhile the larger, vertically integrated companies would survive – and later, thrive.

Has that not in fact been the case?

AmericasFastestDyingBusinessMobileHomesManufacturedHomesAtlanticIBISWorldDailyBusinessNewsResearchDataReportsMHProNews

Manufactured Home Communities

Independent communities have been consolidating by the hundreds per year.  One industry source put the number of communities changing hands annually at some 2,000 properties.

Oversimplifying, those land-lease communities that were ‘mom and pop’ operations often watched as the industry changed, and they were being left behind.

The loss of manufactured home retailers – that historically filled their vacant home sites – meant that vacancies were going unfilled.

That trend forced some to become retailers within their own community. Those sales were often made using some form of lease-to-own or other type of seller-financing.

When Dodd-Frank hit, the loss of seller-financing and the legal headaches of lease-to-own being described by regulators as a ‘disguised credit transaction’ pushed several community operations into becoming renters of inventory instead of owner-financed or sellers of homes.

That means that one of the greatest losers were those consumers seeking affordable home ownership.

But for those community owners who for whatever reasons –

  • lack of capital,
  • regulatory fatigue,
  • no heir interested in taking over the business, etc. –

who failed to adapt enough, often sold for less than they would have had their properties had full physical and economic occupancy of leased home sites.

jenny hodge mhi v p ncc

Jenny Hodge makes related points in her own article, see that linked from the photo above. Hodge, photo credit, MHI/NCC, and is shown under fair use guidelines.

The sales prices of properties are often based in part upon an MH Community’s net revenues.

So, when occupancy and collections are not maximized, a property is often being sold at less than its potential value.

Rephrasing, those wishing to sell their community as a community – the greater the lease-site vacancy rate, the lower the value of their MH Community.

Those facts mean that literally billions of dollars in property values have thus been impacted.

While some of that can be traced to a lack of lending, or capital – those factors were also impacted by regulations.

So, the goal of reforming the Dodd-Frank birthed CFPB as it impacts manufactured housing is a sound one.  The question is, when that goal or others set by MHI are not obtained, who benefits?

The answer is larger companies that buy-up – consolidate – the smaller ones.

To rephrase, when MHI succeeds at mitigating a regulation, many can benefit.

But when MHI fails to mitigate a regulation, the larger players and those who seek to become larger via an access capital and expertise can benefit.

The smaller players who can’t or don’t adapt for whatever reasons are the routine losers.

Thus, when MHProNews – which editorially believes in identifying and looking at the root causes of issues, focuses on MHI, it is because they’ve taken that mantle of representing the industry in Washington upon themselves.

It is also important to note that MHProNews routinely has offered MHI to comment on stories, which they decline to accept.  But nor do they try to refute statements like those above. By contrast, when Doug Ryan – with then CFED – blasted MHI for monopolistic practices, Lesli Gooch rapidly replied.

DougRyanAmericanBankerManufacturedHousingMonopoly-postedDailyBusinessNewsManufacturedHousingIndustryProNews-575x237

While MHI’s SVP Lesli Gooch has denied the charge, Doug Ryan at CFED, and long time MHI member, George Allen, are among those who’ve raised the issue of monopolistic practices by MHI. 

To reflect the MHI position, the Daily Business News often quotes MHI’s own documents and materials – see the example above – or those who are satisfied members of the association.

State Association Effectiveness vs. MHI effectiveness

Bob Crawford, president of award-winning and historic Dick Moore Housing, has given state associations a routinely good grade on their lobbying efforts. He gives MHI “a 5 out of 10 at best” – a failing grade (see his photo, above).

TitusDareTomFathDougGormanQuestioningMHI-postedManufacturedHousingIndustryDailyBusinessNewsMHProNewsCrawford is not alone.

On the issue of regulatory reforms and the need to change leadership over the HUD Code manufactured home program, multiple MHI award winning retailer Doug Gorman has sided with MHARR over MHI.

In an upcoming report, the Daily Business News will highlight a state association that set their agenda for their legislative session, and achieved it.

That happens routinely at the state association level.  It’s the umbrella national association – MHI – that has failed to deliver on its own stated goals.  And it is the national association – MHI – that has engaged in what past and present board members call “secrecy.”

Why does MHI seek to control the industry’s news?

Why does MHI reveal information only to select ‘insiders,’ while leaving others largely in the dark – as was recently exemplified in the alleged terminations of two top staffers?

Why have they at times allegedly distorted their reporting – even to their own members?

While it is obvious that if you are going to ‘consolidate’ – buy out – companies, is part of MHI’s strategy to pressure their smaller rival MHARR by buying out MHARR members, or pushing them into MHI membership?

We will explore that and related issues in the days ahead.  Because MHARR for years has provided news items that often reveal a very different perspective than that of MHI.

Media as Watchdog

As part of the job of media is to investigate and report, MHProNews has and continues to do just that – holding MHI accountable to their own goals and that of the industry.

The Daily Business News does so mindful of the motto – “We Provide, You Decide.” ©

And when a Daily Business News article includes a mix of analysis in a new items – such as this one – and commentary, we so note that at the end of the article’s double pound sign. ## (News, analysis.)

(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.