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“Trailers for Sale or Rent,” “Pencil Head, Its Not a Trailer Park,” Manufactured Home Rental Reality Checks

June 11th, 2018 No comments
TrailersforSaleorRentPencilHeadItsNotATrailerParkManufacturedHomeRentalRealityChecks

Face on left is a still from the music video, below.

It’s classic Sam Zell. “Pencil head,” Zell would say to potential investors who didn’t completely ‘get it’ about what is known today as Equity LifeStyle Properties (ELS), “it’s not a trailer park.”

 

It’s not a trailer park. So true.

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To see the quote from an exclusive interview with Sam Zell, click the link here or the image above.

But the song by Roger Miller, King of the Road,” provides an interesting glimpse at a historic period in MHVille that ought to be reconsidered. In decades long passed, there once weretrailer parks.”

Miller’s song opens with these lyrics.

Trailer for sale or rent, rooms to let, fifty cents.

No phone, no pool, no pets, I ain’t got no cigarettes

Ah, but, two hours of pushin’ broom

Buys an eight by twelve four-bit room

I’m a man of means by no means, king of the road…”

King of the Road” was like a battle hymn of affordable housing populists in the mid-to-late 1960s.

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

Make a habit of using the correct terminology.

Unlike the video posted above, those true trailer houses and mobile homes of that era were newer and nicer then. It wasn’t a scandal when Elvis Presley honeymooned in a mobile home.

Elvis & Priscilla Presley Honeymooned in this Mobile Home

As informed MH Industry professionals know, it wouldn’t be until June 15, 1976 that the first manufactured homes were built. That anniversary of the dawn of the manufactured housing era comes again, this week.

For some, as “Trailer House Trauma” dramatized, the trailers of yesteryear were often seen as cool, and classy.

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

But over the years, somehow that higher degree of acceptability of mobile homes and trailer houses changed.

Part of the solution of the industry’s image issue today is to recapture its largely forgotten glory days.

To do so is both easy, and complex. For example, the industry must give every facet of pre-code mobile home owners – plus their early manufactured home evolutionary offspring – their well-deserved dignity and respect.

Affordable housing, then and now, ought to be celebrated.  Affordable housing can make even those ‘of modest means,’ King of the Road.”

MobileHomeShipmentsManufacturedHomeShipmentChartMHIAShipmentsMHIndustryChampionSkylineHUDCodeDailyBusinessNewsMHProNews

What was accomplished previously in sustainable shipment levels, can clearly be done again.

 

Rediscovering Mobile Home Parks, and Manufactured Home Communities

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The mainstream media, researchers, investors, and politicos are discovering – or rediscovering – manufactured home (MH) communities (MHCs).

Part of the business model mix today is the notion of renting vs. selling HUD Code manufactured homes.

As the Glen Miller song lyrics reminds us, for decades there have been some who rented instead of sold units. Zell has suggested that rentals must be well managed, and kept marginal.

Arguably, renting homes was revived in part as a response to the flaws of Dodd-Frank, and how the CFPB under Richard Corday implemented the regulations regarding manufactured home financing.

The interview with Sam Landy, JD, from a couple of years ago, makes the point why seller financing was often dropped.  That’s explained in a report with a video interview linked below from a large community owner’s perspective.  Landy is also an attorney, which puts even more insight to the concerns that motivated their change to rentals. All of the linked reports can be read later for the added details, quotes, and color.

 

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

 

Manufactured Home Producers, Selling and/or Renting HUD Code Manufactured Housing

To dozens of factories, it doesn’t matter much if the manufactured home being shipped are going:

  • into a development where the home will be rented,
  • to a retailer who will sell the home,
  • or into one of hundreds of the estimated 45,000 land-lease communities from coast-to-coast where presently it will often be rented rather than sold.

Indeed, as yet another community operator told MHProNews recently, the ROI on rentals is strong.

UMH is one of several REITs or private portfolio operators who rent more manufactured housing units than they sell.

As Don Westphal said during a Manufactured Housing Institute (MHI) meeting, there are reasons to hope that renting homes may introduce a new wave of people to the manufactured housing industry. They may, he said, as a result buy later on.

While Westphal’s point might make sense in theory, the total shipment data doesn’t yet reflect that reality. Could it be made so?

Possibly.

In as much as a modest percentage convert from renting to buying, the potential exists.

 

Manufactured Housing’s Multi-Family Housing Opportunity?

There are no throw away or filler articles published on MHProNews. Each post or report exists for specific reasons. As the publisher, we admit that in hindsight, there are articles that we frankly might blanch at today that were published x years ago. But at that time, based upon what we then knew, we then-and-now have aimed for relevant topics.

As a result, industry professionals have always rewarded us with their time, and read about double the pages per visit than the average mainstream news websites get, per third-party data.  While the data has changed (e.g.: more traffic now than then), the prior video plug below makes the point.

 

MH Opportunities Knock

That’s said in part because there are significant opportunities to develop with manufactured housing, using more manufactured homes as rentals.

We’ve examined numerous issues, and scrutinized several themes over the years.  We’re refining insights into critical topics in the last 2 years. Each refrain is important-to-vital for the future of the sustainable growth of MH independents.

In an upcoming video interview, we have a retailer on camera who sold numerous residential style manufactured homes to a developer.

That developer using manufactured homes is reportedly renting the units as fast as he can get them in and properly installed.

Rephrased, a manufactured home retailer sold upscale models to a developer, not entry level ones, to be used for rental housing. Those residents who rent those sharp homes will be able to bring their family and friends over, to show them off with pride.

That in turn may fuel more of Westphal’s hope that rentals could lead to more sales.  It is one of several possible approaches, including the recent report on ‘reaching for the sky‘ with high-rise manufactured home towers.

High-Rise Manufactured Home Stackable Towers, Compete with Modular/PreFabs, Density at Lower Cost

The multiple-story manufactured housing Daily Business News report above spotlighted how the industry could be going vertical in more ways than one. The better-known expression for going vertical in MHVille is linked below, and can be read later for more depth of understanding.

 

Multi-Family with Manufactured Homes

The points noted herein are many, and some are nuanced.

On the one hand, factory-home builders ought to be doing 500,000 to a million new HUD Code manufactured homes a year.  Yet this year, the current estimates are that MH will finish with around 100,000 (+/-) new home shipments.  Ouch.

LawrenceYunNARShort8.3MillionHousingUnitsRisingRentsHousingPricesCuredOnlyByMoreBuilding

There’s plenty of evidence – decades of proof of concept – that manufactured homes can be rented or sold. It’s a matter of chutzpah, the 7Ts, and establishing systems that allow one to scale results.

For example, as new apartments are going up, the evidence reflects that they fill up fast.

Bob Sullivan in Credit, citing the Urban Institute stated in a Nov 2017 report that “Today, single-family rental homes and townhomes make up 35% of the country’s 44 million rental units, compared to 31% in 2006.” and Almost all the housing demand in recent years has been filled by rental units,” says Sara Strochak, a research assistant with the Urban Institute. She also states that single-family rentals have gone up 30% within the last three years.”

Line those facts up with single-family manufactured homes, and the light-bulb for large, upside opportunities should be going off more often.

So, occasions for MHVille investing and earning more are actually more widespread than some in the business may realize.

 

Why the Low Production Numbers?

So why aren’t more new manufactured homes being shipped?

The reasons are many. But about a decade ago, capital constriction – artificially, by failing to follow federal law, and other forces – caused hundreds of retailers and numerous factories to fail or sell out for less. Related resources linked below will have more details.

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

But some of what’s gone wrong is perception.

SteveDukeLMHATheTerminologyMattersBecausetheTerminologyDefinesTheConstructionStandardsDailyBusinessNewsMHProNewsMHLivingNews1

 https://www.manufacturedhomelivingnews.com/the-ultimate-manufactured-home-industry-fact-data-and-insights-bullets-plus-at-a-glance-infographic/

We beat the drums on terminology in part because of two words. “Trailer trash.” How many people do you know that want to be known as “trailer trash?”

 

Millennials Need Affordable Housing, but “Trailer Park Boys” stigma slows Manufactured Home Acceptance

 

For example, we made numerous strategic efforts, sadly without any assistance from the folks in Arlington, to recast the discussion on the T-word.

RevDonaldTyeJrManufacturedHousingAdvocateQuickestWayWealthIndustryVoicesMHProNews500

Note, this graphic will be updated with the link to Rev, Tye’s comments, later today.

When is it appropriate to use the word “trailer?”

ItsAsWrongtoUseNWordToDescribeBlackAsUseTWordTodescribeManufacturedHomeRevDonaldTyeJr.ManufacturedHousingNotT-railerNotNword

Isn’t this part of the antidote to the t-word issue?

When should the “T-word” be seen like the N-Word?

RevDonaldTyeJrBusinessmanManufacturedHousingAdvocateDailyBusinessNewsMHProNews

Tye explained that public housing – an entitlement – often yields addiction. Ownership vs. renting or living in “projects” leads to integrity, a view he likens to those of Dr. Martin Luther King, Jr.

The industry’s members and investors have several options to improve results. All of it should come down to a two words.

Compelling Education.”

Retailers, Communities, Developers, Financial Services, Producers and others must invest in education of their team, and the public. Those various forms of education must take place simultaneously.

That education must include a component that recognizes the dignity of our contemporary home buyers and residents.

That education must happen based upon facts, not hype.

The industry’s so-called leadership has arguably failed to make that case. It’s a reason why there are several alternative regional and national groups beginning to form to challenge MHI in the post-production advocacy.

ManufacturedHousingInstituteMHILogoMHIInfographicSnapshotFactCheckDailyBusinessNewsMHProNews600

 

Sam Landy was and is correct when he said that each company is responsible for its own marketing. Similarly, each operation is responsible for its own sales training program.

What is being “taught” by MHEI may have some value, but it clearly isn’t moving the industry’s needle, when making some common-sense comparisons, and reality checks.

RVAnnuaShipments2011to2016RVIALogoDataCompareManufacturedHousingIndustryDataDailyBusNewsMHProNews

The RV industry has sold rings around manufactured housing for years. Why? RVs cost more per square foot, and are a luxury item, not a necessity like housing. Thus, RV data, combined with the data from NAR’s Lawrence Yun tell us that manufactured housing could be doing a million new HUD Code homes annually, in a sustainable fashion.

Despite the evidence that MHI had a member company – ours, on the consulting side of our operation – that succeeded time and again at attracting the site-built buyer – sources say that MHI first attempted to sideline us, then tried to derail us.  It’s an outrageous conflict of interest, but per sources, not the first or the last.  But the question should be asked, why would they not spotlight that proof of concept?  Doesn’t MHI’s leadership want more growth?

AnnParmanVPManufacturedHousingInstituteMHILogoLATonyKovachMobileManufacturedHomeLivingNewsMHProNews800

Why did they spin and attempt to bury such behavior? Let’s see if they publicly answer that question, shall we?

 

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

The allegations herein, and those made by Marty Lavin, MHARR, and other voices in HUDVille are serious ones.

The facts reveal that manufactured housing could be doing far better.

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

The most recent backstab at MHI member companies may be what some are calling the “new class of homes” scam. Producers, including MHI members, are disturbed by what Fannie Mae is doing, apparently with MHI assistance.

Fannie Mae Touts MH Advantage Program, But Manufactured Housing Association Slams Plan as “Illegitimate,” “Bait and Switch”

 

Congressional, Federal, State Investigations

This publication asked before that the minutes of the MHI GSE closed door meeting be revealed. We think it’s time for even more federal investigators to occur, plus state AGs to get involved. The link below mentions some federal investigations that are already underway.

The arguable failures at the Arlington-based national trade group are numerous.

Nevertheless, they continue to get the support by Berkshire Hathaway brands consistently. That fact belies any theories of mere arrogance, incompetence, collective low level of experience in MHVille, etc.

Put differently, Berkshire Hathaway won’t reward non-performance. Clayton closed roughly 100 of their own retail centers since 2011. Isn’t it reasonable to believe that the Berkshire brands in MHVille like what MHI is, and isn’t doing, and getting done?

Why would Jennison get his contracted extended at all? Several current and former MHI VPs have had less than favorable comments about Jennison’s abilities.  That’s simply a fact, repeatedly told to MHProNews.  So given the questions about the man, from his own office, why was he renewed? Or more to the point, why did he get a bonuses or a raise, per their IRS form 990?

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

More than one attorney the Daily Business News has spoken with see potential grounds for civil actions and/or anti-trust case potential. Other legal claims may be possible, such as allegations of deceptive trade practices charges, interfering in contractual relationships, conflicts of interest, RICO, and other instances that could result in federal and/or state bureaucratic action.

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

It must be noted that those attorneys include those who are exploring class action or other claims on a contingency basis. Contingency cases mean that law firm must have a high degree of confidence in their potential case.

Will Berkshire Hathaway brands and MHI have a defense to mount? Of course. That’s what courtrooms, and the legal system are for, to give a civil battlefield for legally contentious concerns.

For over a year MHI and the Berkshire Hathaway brands in MHVille have declined numerous opportunities offered by MHProNews to respond in writing to the concerns raised, or to debate them publicly via video.  They fact that they won’t engage speaks volumes, doesn’t it?

The fact that Rick Robinson would not answer trade media questions in Deadwood, SD speaks volumes.

RickRobinsonManufacturedHousingInstituteMHIDailyBuisnessNewsMHProNewsDitto when Dick Jennison ducked out on a presentation scheduled weeks in advance.  He did so after we published a list of questions attendees should ask him during the Q&A.  That too should shout “what’s going on?” Even pro-MHI state association executives told MHProNews how suspicious that behavior by Jennison.

RichardDickJennisonManufacturedHousingInstituteMHIPresidentCEOLouisvilleManufacturedHomeShow2018DailyBusinessNewsMHProNews-76

The Top Twelve Questions for Manufactured Housing Institute (MHI) CEO, Richard “Dick” Jennison

Manufactured housing has come of age.

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

Manufactured homes are the solution to the affordable housing crisis that’s hiding in plain sight, as MHLivingNews spotlighted years ago. That slogan we floated is becoming a more common refrain in the mainstream media.

“The Solution to the Affordable Housing Crisis is Hiding in Plain Sight”

But until the debatable chokehold of Arlington, Knoxville, and Omaha are fully exposed and lawfully dealt with, consolidation rather robust growth may sadly continue.

EricBelksyManufacturedHousingIndustryManufacuredHomeManufacturedHousingInstituteResearchDataAffordbleHousingMHProNewsDailyBuisnessNews575

See Smoking Gun 3.

That seems to be the unstated purpose of MHI.  That’s why we’ve editorially dubbed MHI the ‘Monopolistic Housing Institute.’

The foot must be taken off regulatory and capital brake peddles.

The Trump Administration has repeatedly shown that they’re doing its part. We pray daily that the administration won’t mistakenly allow some Berkshire Hathaway lackey to be named as the next administrator at the Office of Manufactured Housing Programs. The next administrator must be sensitive to the interests of independent producers, who are fighting against giants.

ClaytonHomesSkylineChampionCavcoIndustriesBalanceofIndustryManufacturedHousingIndustryConsolidationGraphicPieChartMHProNews

The affordable housing crisis is costly to tax payers. The regulations have for years been harmful to competing investors, and independent businesses, who create jobs in MHVille that make the American Dream possible for more good people.

The industry hasn’t sold trailers or mobile homes for more than 4 decades.

We need more industry voices willing to support the common-sense cause of fully enforcing specific, existing laws.

  1. The robust implementing of the Duty to Serve manufactured housing by the Enterprises.
  2. To do the necessary tweaks to FHA and other federally insured loans to break the Berkshire Hathaway finance grip, and
  3. to fully enforce the Manufactured Housing Improvement Act of 2000, including enhanced preemption.

Doing so will fully harness the power of manufactured housing to serve millions of Americans, with little or no tax payer subsidies. It’s a series of mutual victories, once the choke holds noted are removed.

 

YIMBY vs. NIMBY, Obama Admin Concept Could Unlock $1.95 Trillion Annually, HUD & MH Impact

 

The full implementation of the 3 points above could unlock some $2 trillion dollars in additional Gross Domestic Product (GDP), per third party research.

The case for contemporary manufactured housing advancement as the solution for millions of Americans is made above.  At the heart of the American Dream is the saying, “a man’s home is his castle.”

From the days of the 1960’s ballad King of the Road,” to today, the evolutionary solution is the same. Factory-built housing makes sense.

It is up to forward looking professionals to navigate the issues noted, to move manufactured homes up to meet the potential that Operation Breakthrough, Harvard’s Eric Belsky and a GSE – among others – said manufactured housing could achieve.

That’s why the billionaires want as much of the industry as they can get their hands on. ## (Coaching tips, marketing, sales, and management news.)

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

Related Reports:

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

FactoryBuiltCarsClothingAppliancesElectronicsCellsSmartPhonesHomesItJustFollowsLATonyKovachC2017MHproNewsBy L.A. “Tony” Kovach – Masthead commentary, 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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Howard Walker, Equity Lifestyle Properties Vice Chair, Passed Away

April 14th, 2018 Comments off
HowardWalkerRightMHIManufacturedHOusingInstiuteELSViceChairDailyBusienssNewsMHProNEws

Howard Walker, right in photo, credit, MHI.

In a message to members of the Manufactured Housing Institute (MHI) begins, “It is with great sadness that I inform you that industry leader Howard Walker, Vice Chairman of Equity LifeStyle Properties (ELS) and MHI Treasurer, passed away Wednesday morning.”

Bloomberg said, “Mr. Howard Walker has been a Co-Vice Chairman of Equity LifeStyle Properties, Inc. since February 2013 and was its Vice Chairman from May 2003 to February 2013. He has been a Director of Equity LifeStyle Properties, Inc. since November 1997. He served as the Chief Executive Officer of Equity LifeStyle Properties,” prior to assuming that role.

Mr. Walker “was a frequent presence at MHI meetings and events, having served on the MHI Executive Committee of the Board of Directors as Treasurer and an Investment Committee member since 2013. He also was active in other roles at MHI over the years, including serving as Vice Chair of the National Communities Council Board of Governors and a member of the Government Relations Committee,” said MHI’s statement.

FlowersPixabadyManufacturedHomeIndustryProfessionalDailyBusinessNewsMHProNews

Howard Walker, 78 Beloved father of Dina (Blake Crousore) Walker and Gordon (Patricia Ni) Walker. Cherished grandfather of Mia and Beckett Walker. Dear brother of the late Shirley (the late Seamen) Peltz and the late Robert Walker. Fond uncle, cousin and friend to many. A Celebration of Life service will be held Saturday, April 14, from 5:00 pm until 9:00 pm at The Drake Hotel, (Camellia Room) 140 East Walton Place, Chicago. Interment private. In lieu of flowers, contributions to your [favorite charity] would be appreciated” said Legacy.

JulioJarmillioLinkedInDailyBusinessNewsMHProNews

MHProNews wishes to extend its sincere condolences to all of those who are touched by his passage.

 

May he rest in peace. ## (Passages, news.) (R.I.P., floral credits Pixabay, all third party images are provided under fair use guidelines.)

LATonyKovachDailyBusinessNewsMHProNews87L. A. “Tony” Kovach.

 

Intelligence Report – MHI Producer Spotlights “the Plan” for MHCs, Community REITs

March 29th, 2018 Comments off

IntelligenceReportMHIProducerSpotlightsThePlanForMHCsCommunityREITsDailyBusinessNewsMHPronewsSunCommunitiesSUILogo

A senior management team member for a HUD Code manufactured housing (MH) production company told the Daily Business News about the emerging plan for MH Communities, according to a REIT moving towards capacity.

 

As MHProNews has reported, a third or more of new manufactured home shipments are going into land-lease communities. 

While new homes are being purchased by communities of all sizes, large numbers are being ordered by “portfolio operations,” including Real Estate Investment Trusts (REITs), such as Sun Communities (SUI), Equity LifeStyle Properties (ELS), and UMH Properties (UMH).

 

As an Manufactured Housing Institute (MHI) member company president told the Daily Business News, if new home shipments going into land lease community are factored out, then new home production is essentially flat. In some states, shipments of new homes are still declining since the official bottom for the industry was hit in 2009. 

 

ManufacturedHomeShipmentTrendsPercentageNewHomeStartsSkylineChampionPowerPointMastheadBlogDailyBusinessNewsMHProNews

SunCommunitiesSUI-InvestorPage11ManufacturedHomeVsSingleFamilyHousingManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

Given the comparison in price and value, it is difficult to for many third parties and industry professionals to imagine how manufactured housing (MH) can be hovering at around 9 percent of single family housing starts.  That’s far below MH’s historic norms (see shipment chart above). Some point to the affordable housing crisis, the quality of today’s manufactured homes, and ask a question similar to what the Urban Institute (UI) did in January, even though they may come to a different conclusion than UI did.

 

While Manufactured Housing Overall Rises, Some Slip Sliding Away

Another MHI member producer’s president and vice president both said that based upon current trends, they expect a three to five year window, before MH Communities fill their vacancies of existing home sites. 

Against that backdrop, a new MHI production source tells MHProNews about his insights learned from the plans that Sun Communities (SUI) and another major portfolio operation.

Sun, a titan in the MH Communities sector, are planning beyond their current vacancies. They, per our source, are looking beyond vacant lots, and planning on replacing older homes on occupied but dated home sites. Some of those sites are odds sizes by today’s standards, he explained, which may require special models of homes designed to fit certain lots.

If that replacement of aging inventory becomes a trend, as rental units did after Dodd-Frank, such a replacement process may continue the orders coming from giant land lease operations.

That means the production cliff some are concerned about could be extended beyond the thousands of now vacant home sites in MHCs.

That may sound like good news for HUD Code home producers.  But those replacement plans are not likely to be as busy as the current infill in the dwindling numbers of vacancies in MHCs, coming primarily from homes being offered as rental units. 

The fact that so many homes are being sold as rentals instead of sales to home buyers as was the historic norm is in itself a troubling trend, per producers. 

 

The Take Aways

All of the above implies a coming new home shipment cliff in manufactured housing, unless some new trend or development takes place. 

While the industry’s members are in several cases understandably celebrating modestly rising new home shipment levels, the underlying realities are not as rosy.

2017-12-ehs-ExistingHomeSaleshousingNationalAssocRealtorsNAR-snapshot-infographic-01-24-2018DailyBuisnessNewsMHProNews600

When 92,900 new HUD Code manufactured homes are divided by the 5.57 million units of new existing housing sales, you get 0.01667863554. That means that only new manufactured home sales is equal to only 1.67 percent of the sale of existing conventional homes. With 8.3 million new housing units needed in the U.S., what explains the relatively low levels of manufactured home sales?

Given the nature of their business, MH production companies have to be aware of such trends.

As another HUD Code MH producer – an MHI member and careful reader of MHProNews – has said, MHI’s official policies, plans and positions “have made no sense” for “several years.”  

All of the reports noted herein are from MHI only member companies, not from members of the Manufactured Housing Association for Regulatory Reform (MHARR).

Given the affordable housing crisis, and MHI’s indirect admission of their failed industry promotion and marketing plans, industry professionals and public officials alike ought to take notice.

Some producers told MHProNews that they are “open” to being acquired by larger companies.

So the data like the above ought to be of concern to independents, including MH retailers and other industry operations who want to remain independent.

Among independent factory home builders, even those planning to sell at some foreseeable point, should realize that Warren Buffett and another larger player are both known for trying to buy “cheap” rather than at full value.  If historic normal shipment levels existed today, it would translate as more value for those firms who are thinking about selling.

The latest report by the Manufactured Housing Association for Regulatory Reform (MHARR) lays out step-by-step examples of how MHI was on the wrong side of issues that both associations were engaged with. In case after case, MHI had to pivot toward MHARR’s original and steady stance. How can that be so consistently true?

In all of this, per sources, MHI is being revealed as de facto working mainly for the interests of major consolidators, while posturing “activities” that in fact has proven time and again to largely be fruitless. A look at the dues structure of MHI, and who three of the four MHI Executive Committee seats are held by paints a picture.

The Daily Business News review of the MHARR report is linked here. The full length version without commentary of MHARR’s report is linked here. “We Provide, You Decide.” ©. (News, analysis, and commentary.)

Related Reports:

“Razzle Dazzle,” Says Former Manufactured Housing Institute Member

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

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

 

Trump Effect – 1 Year Election Impact on Manufactured Housing Connected Stocks, Part 2

November 10th, 2017 Comments off

TrumpEffectonMarketsPartII-ManufacturedHousingIndustryStocksMarketsReportsDailyBusinessNewsMHProNewsYesterday, in Part 1, of this report, the first part of our alphabetical review of manufactured home connected stocks one year since President Trump won the election was reviewed.

Affiliated Management Group, (AMG)
Berkshire Hathaway, (BRK-A)
Brookfield Asset Management, (BAM)
Carlyle Group, The (CG),
Cavco Industries, (CVCO) .

were covered at the linked image below.

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

Today, we graphically cover the 1-year snapshot of the companies that follow the video interview, below.

For those ‘into’ or checking out the manufactured housing industry for the first time, what makes this trade media uniquely useful to researchers is our comprehensive coverage and broader understanding of the market and specialized dynamics.

The award-winning industry veteran Alan Amy video interview gives you an savvy insiders perspective on what makes manufactured housing an amazing opportunity.  Amy’s logic is simple, and thus, powerful.

Continuing, Deer Valley Homebuilders (DVLY)DeerValleyHomebuilders=DVLY1YearSnapshotStockTrendManufacturedModularHomeIndustryMarketsResearchReportsDataMHProNews

Equity Lifestyle Properties, (ELS) – depending on how you count, they are one of the top two manufactured home community operations today.

EquityLifestyelPropertiesELS1YearStocktSnapshotManufacturedHomeCommunityREITmarketsResearchReportsDataMHProNews

Killam operates multi-family apartments, as well as manufactured home communities. KillamREITCommunitiesManufacturedHomeCommunitiesNOTmobileHomeParksStocksMarket1YrSpotlightResearchDataReportsMHProNews

Lippert was long known as Drew Industries.  They provide components to RVs, manufactured housing, and others.  An interview with their former chairman, Leigh Abrams, is linked here.

LCIILippertIndustriesManufacturedHomeRVIndustrySupplierComponentsMarketsStocksResearchDataReportMHProNews

What Others in MHVille Have Said About MHProNews


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If you want to know why Alan Amy is right, watch this video interview with a professional couple.  All of our video interviews are unscripted, a free-flowing conversation.


The kind of reports you won’t find elsewhere – on topics like FEMA’s impact on manufactured housing – as an example, is linked here.

Not perfect, but we’re the best –  per our thousands of professional readers.  “We Know the MH Biz.” ©

We Provide, You Decide.” © ## (News, analysis, commentary – celebrating 9 years.)

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

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

 

 

 

 

Deer Valley, Nobility, Skyline lead, Mixed MH Markets, New Clayton/VMF Report to Break

August 29th, 2017 Comments off

8.29.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports’ bullets and data are found further below, just beyond the Manufactured Housing Composite Value for today.

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

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

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

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected headlines and bullets from CNN Money:

  • Judge dismisses Palin’s lawsuit against Times
  • Who will be Uber’s new CEO?
  • Apple teases the future of augmented reality apps
  • Shale oil boom softens the energy blow
  • Airbnb extends Hurricane Harvey ‘free housing’ program
  • How to avoid ‘storm chaser’ fraud after Harvey
  • 10 cities living in the future
  • Sports teams step up to help Hurricane Harvey victims
  • Uber to give users better control over location data
  • Fox News pulled off the air in Britain
  • Uber’s CEO pick is an outspoken Trump critic

 

Selected headlines and bullets from Fox Business:

  • Gold Spike: When bad news is good news
  • Houston is nearly as big as Sweden
  • Bass Pro provides boats for Harvey rescue efforts
  • Harvey threatens more US Gulf refineries, others remain underwater
  • Wall Street ends higher as fear over North Korea dissipates
  • Levee breaches due to Harvey at Houston suburb forcing evacuation
  • Oil prices fall as storm shutters more refineries
  • Auto sales hit by Harvey as storm wipes out inventory
  • NBA’s Kevin Durant rips Under Armour, stock falls
  • North Korean threats: US may need to consider military options, says John Bolton
  • Harvey’s destruction: How Waffle House can be a disaster indicator
  • Tillerson to trim Obama-era State Department positions
  • Trump says all options on table after N. Korea fires missile over Japan
  • Mexican minister heads to Washington after Trump NAFTA threats
  • Harvey’s aftermath: Flood insurers leaving high-end homeowners under water
  • Hurricane Harvey: How you can help
  • Harvey could cost Houston $50B in property damage, economic activity: report
  • North Dakota tribe levies higher tax on oil drillers

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

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

S&P 500 2,446.30 +2.06 (+0.08%)

Dow 30 21,865.37 +56.97 (+0.26%)

Nasdaq 6,301.89 +18.87 (+0.30%)

Crude Oil 46.37 -0.20 (-0.43%)

Gold 1,314.30 -1.00 (-0.08%)

Silver 17.37 -0.07 (-0.41%)

EUR/USD 1.1972 -0.0006 (-0.05%)

10-Yr Bond 2.136 -0.023 (-1.07%)

Russell 2000 1,383.68 +1.45 (+0.11%)

8.29.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

Manufactured Housing Composite Value

 82920179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

 

Today’s Big Movers

Deer Valley, Nobility and Skyline are among the manufactured housing stocks rising in the wake of Harvey and south Florida’s flooding. See the chart below.

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

Watch for a Special Report on Clayton/Vanderbilt/21st on the Daily Business News

Watch for an emotionally charged, and explosive report on Clayton/VMF/21st coming up exclusively on the Daily Business News.

 

deervalleyhome1-credit-postedmanufacturedhomelivingnews-DailyBusinessNews-MHProNewscom-

Photo credit, Deer Valley Home Builders, on MHLivingNews.com. For a previous report on Deer Valley, click here.

 

hetMurphreeDeerValleyHomebuildersJamesMcGeeDeerValleyHomebuildersLATonyKovachInsideMH

Chet Murphree, Deer Valley Homebuilders. James McGee. Deer Valley Homebuilders, L.A. ‘Tony’ Kovach, Inside MH. For a previous detailed report on rising DVLY, click here.

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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

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

Manufactured Home Industry Connected Stock Markets Data

 8292017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-

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

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

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

Your link to a recent round of industry praise for our coverage, is found here.

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

We Provide, You Decide.” © ## (News, Analysis.)

(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.

 

What Will Cost Be For Hurricane Harvey’s Recovery?

August 28th, 2017 Comments off

8.28.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-The Daily Business News began our coverage last week of Hurricane Harvey and the likely damage it will cause.  As Texas, FEMA, NGOs and private citizens begin to assess and respond, the need to house potentially hundreds of thousands of Americans in Texas and Louisiana will become evident.

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

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

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

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

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected headlines and bullets from CNN Money:

 

  • How much damage will Harvey cause?
  • What Hurricane Harvey will mean for gas prices
  • Biggest economic risk for Houston? People leaving
  • Uber’s new CEO will have to deal with Uber’s old CEO
  • Tips for filing insurance claims after Harvey
  • Huge Exxon oil refinery damaged by Harvey
  • Zuckerberg’s second baby makes her debut
  • Whole Foods just got a whole lot cheaper Trending
  • Anheuser-Busch will provide water to victims of Harvey
  • Uber’s next CEO: Who is Dara Khosrowshahi?
  • Houston Texans owner pledges $1 million for storm relief

 

Selected headlines and bullets from Fox Business:

 

 

  • Trump comments on Harvey recovery efforts
  • Harvey by the numbers
  • Wall Street little changed despite Harvey pummeling
  • Oil falls but gasoline jumps as Harvey hits U.S. refiners
  • Companies pledge millions in Harvey donations
  • Gas prices to spike as Harvey takes out refineries
  • Now at Whole Foods: Cheaper milk, “farm fresh” Amazon Echo
  • Oil production in Gulf of Mexico begins to recover
  • Kaepernick’s former 49ers teammate resumes anthem protest
  • Amazon rewrites rule book for grocers
  • Energy groups fight back against effort to shut down Dakota Access pipeline
  • NAFTA partners unfazed by Trump’s withdrawal threats
  • The best funds for your 401(k)
  • NFL, Texans, Patriots pledge $1M to Hurricane Harvey relief

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

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

 

S&P 500 2,444.24 +1.19 (+0.05%)

Dow 30 21,808.40 -5.27 (-0.02%)

Nasdaq 6,283.02 +17.37 (+0.28%)

Crude Oil 46.81 -1.06 (-2.21%)

Gold 1,315.40 +17.50 (+1.35%)

Silver 17.44 +0.39 (+2.29%)

EUR/USD 1.1979 +0.0055 (+0.46%)

10-Yr Bond 2.159 -0.01 (-0.46%)

Russell 2000 1,382.23 +4.78 (+0.35%)

 

Manufactured Housing Composite Value

82820179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

Several manufactured housing stocks have risen in the wake of Harvey.

 

 Today’s Big Movers

Several manufactured housing stocks have risen in the wake of Harvey.

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

How Much Damage Will Harvey Cause?

 HowMuchDamageWillHarveyCauseCNNMoneyDailyBusinessNewsMHProNews

 


See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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

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

Manufactured Home Industry Connected Stock Markets Data

 8282017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-1-1

  

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

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

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

Your link to a recent round of industry praise for our coverage, is found here.

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

We Provide, You Decide.” © ##

(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.

 

 Trump, Cohen Tax Plan Could Bring Trillions Back Home, Markets Mixed

August 25th, 2017 Comments off

8.25.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-Why is there more of an up-and-down in the market’s lately?  You could sum it up in concerns over two words.  Tax reform.  Yes, ObamaCare replacement matters too.  But as the National Federation of Independent Business (NFIB) has informed MHProNews, small business wants tax reform, big time.

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

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

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

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

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected headlines and bullets from CNN Money:

  • Most homes in Hurricane Harvey’s path don’t have flood insurance
  • Hurricane Harvey takes aim at Texas economy
  • Hurricane Harvey threatens vital Texas energy hub Trending
  • ‘Game of Thrones’ finale is Sunday. Don’t spoil it
  • Why the Mayweather McGregor fight is big money
  • Your Whole Foods experience is about to change
  • Infiniti designer’s dream car comes true
  • Trump bars banks from buying Venezuela state bonds
  • Macron spends $30,000 on makeup as policies stall
  • James Fallows: Prognosis on America is rosy
  • Backlash results after Uber teams up with Girls Who Code

Selected headlines and bullets from Fox Business:

  • Hurricane Harvey: Refineries shut down, shale oilfields at risk
  • Hurricane Harvey storm surge concerns
  • Hurricane Harvey: Cowboys offer to host Texans preseason game, report says
  • Oil rises as dollar falls, U.S. Gulf Coast braces for hurricane
  • Wall Street rises modestly following Yellen speech
  • VW engineer gets prison, $200,000 fine in diesel scandal
  • Trump issues ‘strong’ new sanctions to economically isolate Venezuela
  • Mnuchin: ‘100% confident’ debt ceiling will be raised in September
  • Floyd Mayweather vs. Conor McGregor by the numbers
  • Uber, Lyft drivers can unionize in Seattle
  • Trump economic adviser Gary Cohn drafted resignation letter, source says
  • Amazon creating more than 2,000 full-time jobs at new Ohio warehouse
  • Fed Chair Janet Yellen at Jackson Hole: U.S. banks are safer
  • Ford to look beyond credit scores in sales push
  • Mexico not panicking over Trump’s NAFTA threats

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

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

 

S&P 500 2,443.05 +4.08 (+0.17%)

Dow 30 21,813.67 +30.27 (+0.14%)

Nasdaq 6,265.64 -5.68 (-0.09%)

Crude Oil 47.79 +0.36 (+0.76%)

Gold 1,296.40 +4.40 (+0.34%)

Silver 17.05 +0.08 (+0.48%)

EUR/USD 1.1921 +0.0121 (+1.03%)

10-Yr Bond 2.169 -0.025 (-1.14%)

Russell 2000 1,377.45 +3.58 (+0.26%)

8.25.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

Manufactured Housing Composite Value

 82520179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

 Today’s Big Movers

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

 Trump, Cohen Tax Plan Could Bring Trillions Back Home

 

TrumpCohnTaxPlanCNBCDailyBusinessNewsMHProNews

Still from video on this page, credit, CNBC.

Trillions in U.S. corporate profits held abroad are more likely to finally come home, says CNBC, based on the Trump-Cohn tax plan.

Unlike the Obama era borrowing and spending, this would be private sector money that would come back and be used to invest in the U.S. economy.

That would create new jobs, further reducing the unemployment rate.  That would also further boost competition for labor, which is the superior supply/demand alternative to a minimum wage hike.

White House economic advisor Gary Cohn told the Financial Times that their tax reform plan will include a one-time low repatriation tax rate for corporate profits held overseas.

U.S. companies are holding $2.6 trillion of profits overseas, to avoid paying the 35 percent corporate tax rate on earnings created during the Obama era, according to Capital Economics.  That’s why Wall Street strategists and analysts love the idea of a tax repatriation holiday, which will bring home a surge of cash to boost share prices and capital investment.

We believe “repatriated funds could provide companies with firepower for accelerated buybacks, dividend raises, organic investment and potential M&A,” Goldman analyst Heather Bellini.

The most efficient way to do that is to impose a one-time tax on the existing foreign profits overseas which will free up the cash for companies to use for dividends, share repurchases, M&A, capital expenditures, and to pay down debt,” Strategas’ Daniel Clifton said.

The hang-up?

Forces of resistance, in both major parties.

The White House, says it is confident that it will get a deal done.

 


New York Post op-ed: “Trump is not backing down on trade”
“Trump dared to question the gospel of free trade and changed the national discussion. Over three-quarters of Trump voters, including lifelong Democrats, believed the pacts were hurting America, and they’ve given Trump a mandate to act.” – New York Post Editorial. 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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

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

Manufactured Home Industry Connected Stock Markets Data

 8252017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-1-1

 

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

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

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

Your link to a recent round of industry praise for our coverage, is found here.

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

We Provide, You Decide.” © ##

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

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

Skyline Homes Fight$ Back, Market Update$

August 24th, 2017 Comments off

8.24.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-The manufactured housing industry is a small part of the housing industry, but has tremendous potential, as the recent move by insurance giant Northwestern Mutual reminds investors.  Since that major move, sources say that property has already changed hands again. In a trillion dollar a year U.S. housing sector, what else has the same potential for growth to fill the growing need for affordable housing?

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

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

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

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

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected headlines and bullets from CNN Money:

 

  • Amazon set to lower some Whole Foods prices
  • $758M Powerball winner already quit her job Trending
  • Obamacare will be available everywhere in 2018
  • Here’s where all the money we spend on the lottery goes
  • More foundations call off Mar-a-Lago fundraisers
  • Gold is doing better than U.S. stocks this year
  • Tim Cook: Apple will invest $1.3 billion in Iowa
  • Sears is closing 28 more Kmart stores
  • Americans don’t want these jobs
  • YouTube and Syria: Tech’s role as archivist
  • How much health care will cost you in retirement

 

Selected headlines and bullets from Fox Business:

 

  • Hurricane Harvey threatens fuel prices, oil refineries
  • Hurricane Harvey: Texas braces for worst storm since 2005
  • Wall Street edges lower with Jackson Hole meeting in focus
  • Oil slips nearly 3 pct as U.S. refineries shut ahead of Harvey
  • Apple gets tax breaks for Iowa data center, as Rep. Ryan holds tax talk at Boeing
  • Amazon, Whole Foods to close acquisition on Monday
  • C. judge approves government warrant for data from anti-Trump website
  • Trump should pardon me, Fmr. Gov. Don Siegelman
  • Apple’s 10th anniversary iPhone unveiling set
  • Cuomo thinks he can rise to the presidency on the back of energy consumers: Stuart Varney
  • FBN’s Stuart Varney on NY Governor Andrew Cuomo’s energy policy.
  • Better Buy: SINA vs. Weibo
  • How major US stock market indexes fared Thursday
  • S. stock indexes ticked lower on Thursday, but only after a circuitous ride that saw them flip multiple times between small gains and losses.
  • What Happened in the Stock Market Today

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

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

 

S&P 500 2,438.97 -5.07 (-0.21%)

Dow 30 21,783.40 -28.69 (-0.13%)

Nasdaq 6,271.33 -7.08 (-0.11%)

Crude Oil 47.62 -0.79 (-1.63%)

Gold 1,291.50 -3.20 (-0.25%)

Silver 16.96 -0.09 (-0.50%)

EUR/USD 1.1801 -0.0008 (-0.06%)

10-Yr Bond 2.194 +0.023 (+1.06%)

Russell 2000 1,373.88 +4.14 (+0.30%)

8.24.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

Manufactured Housing Composite Value

 82420179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

 

Today’s Big Movers

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

Skyline Homes Spotlight

 

SkylineManufacturedModularHomesDailyBusinessNewsMHProNews

Skyline and other third party images are provided under fair use guidelines.

While the one-year chart shows a downturn, as the second chart below reflects, Skyline has been steadily ‘fighting its way back’ in the last 3 months.

Skyline is self-described in a ‘middle range’ of independent producers. The “Three C’s” mark the top tier in the industry’s size – Clayton, Cavco and Champion.  Next in size are firms such as Skyline, Nobility or  Commodore, that are more than a single plant operation.

Speculation on Skyline has been rampant for months. They resisted being taken over by Cavco. A vocal Skyline stockholder was pushing a few weeks ago for a takeover of the historic firm.   One interesting rumor that circulated was that the Skyline and Clayton were talking.  But others noted in reaction to that claim that such a move might be too bold, as Clayton is already near 50% of the industry’s production. Such an attempted buyout could trigger an anti-trust move.

Time will tell.

 

SkylineCorpDailyBusinessNewsMHProNews8.24.2017StocksMarketsReportsMHProNews

From the several sources shown below…

2017-08-24_1830SkylineCorpNewsSummaryGoogleMHProNews

Credits, Google News.

…per NASDAQ, this recent report.

Skyline Corp. Q4 Earnings Advance 73%

(RTTNews.com) – Skyline Corp. (SKY) announced a profit for its fourth quarter that increased from last year.

The company said its bottom line advanced to $2.30 million, or $0.27 per share. This was higher than $1.33 million, or $0.18 per share, in last year’s fourth quarter.

The company said revenue for the quarter rose 5.0% to $59.46 million. This was up from $56.65 million last year.

Skyline Corp. earnings at a glance:

-Earnings (Q4): $2.30 Mln. vs. $1.33 Mln. last year.

-Earnings Growth (Y-o-Y): 72.9%

-EPS (Q4): $0.27 vs. $0.18 last year.

-EPS Growth (Y-o-Y): 50.0%

-Revenue (Q4): $59.46 Mln vs. $56.65 Mln last year.

-Revenue Change (Y-o-Y): 5.0%

SkylineCorpSKYDailyBusinessNewsMHProNews8.24.2017

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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

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

Manufactured Home Industry Connected Stock Markets Data

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

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

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

Your link to a recent round of industry praise for our coverage, is found here.

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

We Provide, You Decide.” © ##

(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.

Cavco Industries Spotlight, Just the Fact$ – Other Manufactured Housing Industry Market Update$

August 23rd, 2017 Comments off

8.23.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-The manufactured housing industry is a small part of the housing industry, but has tremendous potential, as the recent move by insurance giant Northwestern Mutual reminds investors.  Since that major move, sources say that property has already changed hands again. In a trillion dollar a year U.S. housing sector, what else has the same potential for growth to fill the growing need for affordable housing?

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

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

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

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

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected headlines and bullets from CNN Money:

  • Uber has gone 64 days without a CEO
  • Study: Exxon misled public on climate change
  • Trump playing ‘bad cop’ in NAFTA negotiations
  • Giant Powerball drawing could set a record
  • Ferrari unveils new 200 mph convertible
  • Will Republicans kill the estate tax?
  • Tourists are returning to Paris after attacks
  • Don’t turn this annoying auto safety feature off
  • S. companies still hoarding cash overseas
  • Elon Musk unveils SpaceX’s chic new spacesuit
  • Here are the charities that have dumped Mar-a-Lago

 

Selected headlines and bullets from Fox Business:

 

  • Trump will be go down as one of the ‘greatest presidents’, says ex-sheriff Joe Arpaio
  • Wall St lower on Trump’s threat of government shutdown
  • Oil edges up on eighth weekly U.S. crude stock drawdown
  • S. new home sales fall to seven-month low
  • Trump’s NAFTA withdrawal would hurt US businesses, consumers
  • Whole Foods shareholders approve sale to Amazon
  • USS Fitzgerald heading to Huntington Ingalls for repairs
  • NYC Mayor De Blasio considers taking down Christopher Columbus statue
  • ‘Leftist media’ is to blame for inciting violence: Lara Trump
  • The lottery’s hidden secret: Billions in unclaimed prizes
  • American Express to pay $96M to consumers over discriminatory card terms
  • Lowe’s giving workers longer shifts in battle with Home Depot
  • How ESPN botched Robert Lee decision, according to media experts
  • Edmunds: Labor Day’s best bets for car shoppers
  • Muni bond Wednesday update: 10-year yield falls
  • EPA taps Alabama business lobbyist to lead Southeast region
  • Lowe’s and Stryker fall while Express and Wal-Mart rise
  • Stocks that moved substantially or traded heavily on Wednesday: Lowe’s Cos., down $2.81 to $73.01
  • How major US stock market indexes fared Wednesday

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources.

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

 

S&P 500 2,444.04 -8.47 (-0.35%)

Dow 30 21,812.09 -87.80 (-0.40%)

Nasdaq 6,278.41 -19.07 (-0.30%)

Crude Oil 48.36 +0.53 (+1.11%)

Gold 1,295.70 +4.70 (+0.36%)

Silver 17.09 +0.11 (+0.64%)

EUR/USD 1.1806 +0.0043 (+0.36%)

10-Yr Bond 2.171 -0.044 (-1.99%)

Russell 2000 1,369.74 -1.80 (-0.13%)

8.23.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

 

Manufactured Housing Composite Value

82320179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

 

IReportMHNewsTips@MHMSM-comMHProNews

MHProNews routinely obtains news tips from across the factory-built home industry’s business, political, and personalities spectrums. Sources can be on or off the record. Click the above to send us a news tip. To help us with our high volume of mail, please place the words MH News Tip in the subject line. Thank you.

  

Today’s Big Movers

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Cavco Industries Spotlight

 CavcosIndustriesLatestJustTheFact$DailyBuisnessNewsMHProNews

Sources often describe Cavco Industries (CVCO) as a well-managed company, taking advantage of their growing economies of scale.  They are reportedly the #2 producer in the industry, behind Clayton Homes.

At the same time, the opening paragraph by Chairman and CEO, Joe Stegmayer, reveals that they are growing at a slower sales pace than the industry at large.

WhyCavcoBought LexingtonHomesPerJoeStegmayerManufacturedHousingIndustryResearchReportsDataStocksMarketsDailyBusinessNewsMHProNewsDear Fellow Shareholders:
Fiscal year 2017 was another solid year for Cavco Industries. We generated $774 million in net revenue this fiscal year, up 9% from fiscal year 2016 and marking the highest revenue earned in the Company’s history. Manufactured housing industry home shipments grew 15% nationally to 81,169 homes in 2016 from 70,519 homes in 2015. We sold 13,820 homes in fiscal year 2017 compared to 12,339 homes in fiscal year 2016, a 12% increase.”

Their 2017 annual report is available linked here, as a download.

Their most recent quarterly report, on Seeking Alpha, says in part:

SeekingAlphaReadDecideInvestManufacturedHousingIndustryRelatedStockReports“…Cavco disclaims any obligation to update or — update any forward-looking statements made on this call, and investors should not place any reliance on them. More complete information on this subject is included as part of our earnings release filed yesterday and is available on our website and from other sources.

For our financial report this quarter, net revenue for this first fiscal quarter of 2018 fiscal year was $207 million, up 12%, compared to $185 million during the same quarter last year. Breaking this increase down by business segment, factory-built housing net revenue increased $20.4 million, from a larger proportion of multi-section homes sold and higher home sales volume or higher home sales prices.

Cavco8.23.2017Bloomberg1YearManufacturedHOusingIndustryDailyBusinessNewsMHProNews

Images in this Cavco spotlight are provided by MHProNews, and are not part of the Seeking Alpha report, all of which are shown under fair use guidelines.

Financial services segment, net revenue increased $1.3 million for more insurance policies enforced in the current period compared to the prior year period. Consolidated gross profit in the first fiscal quarter as a percentage of net revenue was 20.3%, up from 18% in the same period last year. The improvement was mainly from stronger earnings in the financial services segment compared to last year’s first fiscal quarter results, which were significantly impacted by high insurance claims activity.

MHProNewsDailyBusinessNewsHeadlinesGoogleNews

There has been considerable mainstream media chatter about Cavco, as the screen capture above reflects. As the 1 year chart below from Bloomberg shows, the stock has been sliding recently.

Selling, general and administrative expenses in the fiscal 2018 first quarter as a percentage of net revenue was 12.7% compared to 13.3% during the same quarter last year. The improvement, related to effective costs control efforts as we continue working to increase home production levels.

CavcoIndustriesDailyBusinessNewsResearchDataReportsMHProNewsThe effective income tax rate for the quarter was 24.9% compared to 35.4% in the same quarter of the prior year. The current quarter contains the benefit of $1.4 million from the required implementation of new accounting standards. These standards require the company to record excess tax benefits realized from stock option exercises as a result, or as a reduction of income tax expense, whereas these benefits were previously recognized in equity.

Net income for the first quarter of fiscal 2018 was $11.8 million compared to net income of $5.4 million reported in the same quarter of the prior year. Net income per diluted share was $1.28 versus $0.60 in last year’s first fiscal quarter.

Comparing the July 1, 2017 balance sheet to April 1, 2017, the balance sheet of Lexington Homes is included in the consolidated balance sheet this quarter.

Cash was approximately $130 million compared to $133 million 3-months earlier. The decrease was more loans held for sale at our finance subsidiary based on the timing of regular home sales as well as changes in other working capital accounts…”

From a press release on Seeking Alpha by Cavco, the following:

CavcoIndustriesManufacturedModularParkModelHomeBuildingCentersListBrands413PHOENIX, Aug. 07, 2017 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (CVCO) today announced financial results for the first fiscal quarter ended July 1, 2017. On April 3, 2017, the Company completed the acquisition of Lexington Homes, Inc., which operates a manufactured and modular housing plant in Lexington, Mississippi. Since the acquisition date, the financial impact and fiscal quarter results from this new business are included in Cavco’s consolidated financial statements presented herein.

Financial highlights include the following:

Net revenue for the first quarter of fiscal year 2018 totaled $206.8 million, up 11.7% from $185.1 million for the comparable prior year period. The increase was primarily from improved home sales volume and a larger proportion of higher priced homes sold.

Income before income taxes was $15.7 million for the first quarter of fiscal 2018, an 86.9% increase from $8.4 million income before income taxes in the comparable quarter last year. The improvement was from increased home sales as well as stronger earnings in the financial services segment compared to last year’s first fiscal quarter, as the segment’s prior year results were significantly impacted by high insurance claims activity.

Income tax expense was $3.9 million with an effective tax rate of 24.9% for the first quarter of fiscal year 2018 compared to $3.0 million and an effective tax rate of 35.4% in the same quarter of the prior year. The current quarter contains a benefit of $1.4 million related to the Company’s required implementation of Accounting Standards Update No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvement to Employee Share-based Payment Accounting, which, among other items, requires the Company to record excess tax benefits on exercises of stock options as a reduction of income tax expense in the consolidated statement of comprehensive income, whereas they were previously recognized in equity.

Net income was $11.8 million for the first quarter of fiscal year 2018, compared to net income of $5.4 million in the same quarter of the prior year, a 118.5% increase.

Net income per share for the first quarter of fiscal 2018, based on basic and diluted weighted average shares outstanding, was $1.30 and $1.28, respectively, compared to net income per share of $0.61 and $0.60, respectively, for the comparable quarter last year.”

MapCavcoIndustriesManufacturedModularSystemsBuiltFactoriesDailyBusinessNewsMHProNews

There are several industry sources that have expressed concerns that Clayton and Cavco have been carving up the independent producers between themselves. The Daily Business News has reported on that alleged trend for several years.

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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

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

Manufactured Home Industry Connected Stock Markets Data

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Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

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

We Provide, You Decide.” © ##

(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.

Best Day in 4 Months, Rally from Recent Rumbles – Gallo Video Interview, Taxes, Fed

August 22nd, 2017 Comments off

8.22.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-1-1Are you new to this business daily market feature?

Already hooked on our spotlight feature – or are ready to get the MH professional fever?

Our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall market stocks.

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

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

MH “Industry News, Tips and Views, Pros Can Use.” ©

IReportMHNewsTips@MHMSM-comMHProNews

Industry News Tips are what made many of the exclusive stories possible. Sources can be on the record, or off-the-record. Just be clear which you want when you send us your news tips.  Notice: Below the Bloomberg ticker graphic, the link to some recent “read hot” reports.

Selected headlines and bullets from CNN Money:

 

  • Oregon cuts back free tuition promise
  • Nonprofit cancels event at Trump golf course in NJ
  • About 28 million TV viewers watched Trump’s Afghanistan speech
  • Why hasn’t Trump used his ‘sledgehammer’ on trade?
  • Ex-lottery worker gets 25 years in prison
  • Trump’s Scottish golf plans face new obstacles
  • Univision anchor has chilling moment with Klansman
  • Chipotle still struggling and queso may not save it
  • Emails: Breitbart editor pledges to do ‘dirty work’ for Bannon, smears Ivanka
  • Trump rejects cry for help from coal execs…
  • NASA’s new ship could take us to Mars some day

 

Selected headlines and bullets from Fox Business:

 

  • Tillerson: Trump’s Afghanistan strategy also focuses on India, Pakistan
  • Trump stops in Arizona border town where illegal immigration plunged 82%
  • Wall Street rallies on optimism about tax reform
  • Oil prices climb as traders eye another U.S. crude drawdown
  • Verizon launches cheaper unlimited plan to compete with rivals
  • Is the White House coming for your mortgage interest deduction?
  • Powerball’s $700 million jackpot comes with tax hit
  • LG to open Michigan plant to make electric car parts
  • Mark Wahlberg tops Forbes list of highest-paid actors
  • Mnuchin’s wife Louise Linton fires back at Instagram photo critic
  • Trump received Patriots Super Bowl ring after White House visit: report
  • Coal CEO expected Trump help, but administration said no
  • Here’s how we fixed Social Security last time it was in trouble
  • Here’s how we fixed Social Security last time it was in trouble
  • Macy’s and DSW jump while Coty and Toll Brothers slide
  • Ski resort owner will litigate damages, not contest charges

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

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

 

S&P 500 2,452.51 +24.14 (+0.99%)

Dow 30 21,899.89 +196.14 (+0.90%)

Nasdaq 6,297.48 +84.35 (+1.36%)

Crude Oil 47.65 +0.28 (+0.59%)

Gold 1,290.40 -6.30 (-0.49%)

Silver 16.99 -0.03 (-0.18%)

EUR/USD 1.1762 -0.0052 (-0.44%)

10-Yr Bond 2.215 +0.035 (+1.61%)

Russell 2000 1,371.54 +14.63 (+1.08%)

8.22.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

Manufactured Housing Composite Value

82220179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

Today’s Big Movers

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Bloomberg, Gallo Video Interview

Alberto Gallo “is partner at Algebris Investments and portfolio manager for the Algebris Macro Credit Fund,” says Bloomberg.


This video provides a quick sense of where investors are, based upon the various signals today.

 

 AlbertoGalloInterviewTaxesFedMoreManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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

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

Manufactured Home Industry Connected Stock Markets Data

 8222017BloombergManufacturedHousingIndustryConnectedStocksMarketsReportsDataDailyBusinessNewsjpg-1-1

 

Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

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

We Provide, You Decide.” © ##

(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.