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Financing – Dramatic Shift – Manufactured Housing Institute (MHI) Insider News Tips

October 13th, 2018 No comments

 

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What follows dramatically changed the manufactured home industry.

 

It started with the SAFE Act. Two years later, it was Dodd-Frank. While Dodd-Frank was being passed into law, came first one, then another letter from 21st Mortgage Corp that was sent to the independents of manufactured housing.

In the wake of that trifecta came
• a steady wave of independent retail closures.
• Thousands of manufactured home communities had been losing occupancy for approaching a decade. Losing occupancy in communities resulted in relatively few outright failures, but far more that sold out to larger portfolio operations.
• All of the above resulted in a number of independent producers of HUD Code manufactured homes.
• U.S. Bank essentially shuttered a profitable manufactured home lending operation, citing low volume and regulatory risk.
• Communities that made loans on manufactured homes to buyers – like UMH Properties – likewise stopped making those deals, due to regularly risk.

All of the above created dramatic change for the industry. They are points few who understand the facts would deny. So, what are the insider insights?

Many.

This column will focus on one aspect today that has literally impacted the entire industry, without exception. Other reports from inside MHI, and later from inside Clayton Homes, and other organizations impacting MHVille will follow in the days ahead.

 

The View of Insiders at MHI

Recent reports on MHProNews have spurred a surge in news tips from manufactured home industry readers and insiders. These aren’t the fluff-talk that others may publish, but rather core issues that make or cost companies opportunities and money.

Among those numerous tips and comments?

Those that focused on inside information from and about the Manufactured Housing Institute (MHI), and how they’ve handled the industry’s post-production and production agendas.

It should be noted, prior to proceeding to this manufactured home regulatory and financing focused report, that there have been some ‘fake news’ tips coming in too. MHProNews seeks evidence and corroboration on claims, not just a mere allegation.

Evidence and corroboration are important for our work. Why? Because some hate an operation, agency, and/or person so badly that they will make up something that sounds salacious, plausible or ‘juicy.’ But if it turns out to be untrue, has no corroboration, etc., then we at MHProNews don’t run it.

It should also be noted that those who provide news tips may hold different policy, political, or other views than MHProNews’ publishers.

For example, among the tips are voices that are pro-MHI, or pro-Clayton, etc. So why do pro-Clayton, 21st, MHI, etc. voices pick up a phone, or send messages, documents, and other forms of news tips, and insights?

Among the reasons we have been told by such sources is that they may like some person or industry organization, but nevertheless they too have concerns with specific things said, or done. Others raise the flag on some failure to act in a timely or proper fashion about an important issue.

Nathan Smith is among those who has said that the industry must admit its past failures. Richard ‘Dick’ Jennison – MHI’s President and CEO, has also generically admitted past failures. Both of those were captured on videos by MHProNews.

It’s facts, evidence, reason, and related we pursue at MHProNews. Insights and information are then shared with manufactured housing readers and investors through the lens of how it impacts the industry.

With that tee-up, let’s examine how a financing related issue dramatically changed the manufactured home industry, as told to MHProNews from voices in or associated with the Arlington, VA based Manufactured Housing Institute (MHI).

 

Inside MHI and Financing, and MH Consumers

The industry’s retailers and communities didn’t have to hear from Harvard’s Eric Belsky to know that credit – access to capital and financing – are essential to manufactured housing.

The industry’s consumer groups have also protested what then CFED’s Doug Ryan – who today is Prosperity Now’s point-man for manufactured housing issues – called Clayton’s monopoly on manufactured home lending. Ryan said that in an article published by American Banker.

What MHI insiders have stressed to the Daily Business News on MHProNews is that the consumer groups offered during the Obama Administration to compromise with MHI.

They [MHI] are now trying to sell S 2155 as an accomplishment, as a win by MHI,’ said one source. “But MHI specifically rejected that same deal with consumer groups about 4 years ago.

 

“Stomping” and MHI’s Dick Jennison

A caller told our publisher that when L.A. ‘Tony’ Kovach sends a message to MHI’s team members, asking for a comment, or sharing some information, those messages are supposed to be forwarded by staff to MHI’s President, Richard ‘Dick’ Jennison.

He will come stomping out of his office” in anger said the caller. Another source at MHI said that “Dick [Jennison] gets red-faced when he gets upset” – including, but not limited to, those messages.

MHI will work with alternative bloggers and trade media competitors, in an effort to try to counter news coverage by MHProNews, or some report by the Manufactured Housing Association for Regulatory Reform, explained a person privy to such details.

Without specifically using those words, these sources were saying that MHI strives to ‘control the narrative’ as much as they can.

MHI team members have traditionally been a mix of both Democrats and Republicans, explained one. They don’t necessarily do that formally, but that has been the modus operandi (MO – method of operation) for years, explained that source, who believed it was a good association practice.

MHI felt the heat rising from the grass roots of the industry about financing and Dodd-Frank, explained one. They felt they had to “do something” to get what looked like a win on the heavy regulations coming out of the Consumer Financial Protection Bureau (CFPB).

But they could have had that same win with the MLO rule years ago, simply by making that agreement with the consumer groups. It would have required no legislation in Congress, because it would have been done via the CFPB. That would have “saved millions of lobbying [and overhead] dollars in the process.

For anyone who’s business was negatively impacted by those years of regulatory overreach during the Obama era, they are potent admissions that imply what were avoidable burdens and costs for thousands of industry companies.

 

Attempted Choke Hold on Information, “Scandal…”

Dick, wants to hold things very close to the vest.” There are circles within MHI staff, and circles within MHI members, per several insider sources.

The division boards and staff may make recommendations, but it’s the MHI Executive Committee that has the power.

The Executive Committee tasked Dick with carefully managing the budget. He’s done that to their satisfaction,” said a known voice.

Meanwhile, an MHI VP has told MHProNews that Jennison “didn’t really understand, or much care about, the industry itself.” Additional details on that will be part of an upcoming related report.

Dick’s job [at MHI] isn’t lobbying per se. It’s to manage the people, and [to] manage the budget.”

Reacting to those MHI insider comments, one industry professional and longtime association member said that it’s not “the millions wasted on lobbying Dodd-Frank” that bothers himas much as the billions in lost business or [business] valuations caused by MHI’s failure to compromise with consumer groups on Dodd-Frank. That’s the scandal.”

Some of the professionals they essentially put out of business were longtime industry friends of mine,” said a retailer. “I pray that Republicans hold the Congress, and that in the next two years the Feds expand their investigation into the market manipulation of manufactured housing that’s taken place. Buffett’s control of the industry through crony Democratic capitalism is an issue that could unite the left and the right. It’s cost taxpayers, homeowners, housing seekers, and small businesses like myself tremendously.”

An MHI member producer said that wiping out thousands of the independents in retail “hobbled every non-vertical producer” in the industry.

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Another interesting observation was from one caller, who described them-self as not being crazy about MHARR because of style. But that person admitted that what they, MHProNews and others have often forced the much larger Manufactured Housing Institute (MHI) to pivot or change course.

The insights above confirmed prior sources, some of those are linked in the ‘related reports’ that are found further below.

The bottom line on this issue is that capital and restrictions on financing that dramatically changed the industry could have in many cases been avoided and/or mitigated. As one put it, had MHI settled the high-cost lending and MLO rule issues 4 years ago, they could have been focused on exclusionary zoning or other larger issues instead.

This is part one of a planned multiple part series that will include tips and insights from industry insiders.

Motivations?

One of those noted above said that they wanted to get some things off their chest, and another that said they wanted more transparency, so that the industry can deal with the real issues, heal, and advance to its true potential.  A third said that no other resource is as read as MHProNews, and this gave them the anonymity they needed to keep their job, and still share useful insights.  Other motivations were mentioned by professionals involved in the above, but stating them could reveal the source.

More from inside MHI, Berkshire owned brands, and other organizations connected to the manufactured housing industry in the days ahead. “We Provide, You Decide.” (C) ## (News, analysis, and commentary.)

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Flag Day, POTUS Trump Doctrine, Supply, Demand, Financing, Affordable Housing, Jobs, Economic Growth, Human Dignity, and God

June 14th, 2018 Comments off
IAmGoingtoLowerYourTaxesEliminateUnnecessaryRegulationUnleashAmericanEnergyPlacingAmericanBusinessesWorkersFirstDonaldJTrump550x315

Composite by MHProNews.com.

People crave dignity.

 

The System has been Rigged,” the 45th President of the United States (POTUS), Donald J. Trump, has said. He understands these realities.

POTUS Trump undertook to break the grip of those who’ve rigged the free markets that harm the opportunities, and diminish the dignity of tens of millions in our Republic.

That’s a worthy topic to consider on Flag Day, which happens to be the President’s, and this writer’s, birthday.

Millions have been misled by flawed education, and agenda-driven opinions masquerading as facts or news.

Dignity flows from many factors, including:

  • the pride of work,
  • rising earnings,
  • maximum opportunities,
  • innovation,
  • enriching human relationships,
  • the spiritual life,
  • a growing net worth,
  • which can be fueled by the security, and pride of home ownership.

The bullets above yields a healthier society, happier people, and offers the additional benefit of reducing the costs for government at all levels.

TomEgelhoffLeadingAuthorityUSDoingBusinessinSmallTownsEntrepenurMagazineRadioManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Common Sense Solutions that Boost Wealth for Everyday Americans

Small-town business expert, talk radio host, and author Tom Egelhoff plus myself share some common beliefs.  Those common principles caused us to do a joint article on how factory-crafted manufactured homes are a proven path to increased home ownership, that fuels the creation of more wealth for everyday Americans.

FearManufacturedHomesSolutionToAffordableHousingCrisisManufacturedHousingIndustryDailyBusinessNewsMHProNews

To see the fact-packed Op-Ed on the popular Value Penguin website, click the link below or the image above. https://www.valuepenguin.com/home-insurance/fear-manufactured-homes-affordable-housing-crisis

 

Egelhoff and myself also share a reason-based confidence in President Trump’s fine work on behalf of all Americans.

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.

ItsAsWrongtoUseNWordToDescribeBlackAsUseTWordTodescribeManufacturedHomeRevDonaldTyeJr.ManufacturedHousingNotT-railerNotNword

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

Someone making a basic wage is unable to buy the typical, conventional house in America.

But millions priced out of conventional housing can buy a manufactured home.

When millionaires and even billionaires own a manufactured home, the rest ought to consider its wisdom too.  For example, POTUS Trump supporter and performer Kid Rock is one of those who owns a private jet, a Rolls Royce, and a manufactured home.

The Kid Rock video below uplifts – celebrates – those who own a lower cost house, be it a manufactured home, or an older conventional house.  Note to parents with kids at hand: the video has some salty language and suggestive images. The video has had over 16.4 million views as of 6.14.2018.

 

Daily Business News on MHProNews sources tell us that Vice President Mike Pence understands first-hand the value of manufactured homes, which along with RVs, are produced in his home state of Indiana, and elsewhere from coast-to-coast.

 

America First, Economic Nationalism are Common Sense

Peace, prosperity and security are all supported by the president’s most recent deal on behalf of Americans, Koreans, the people of Asia, and the nation-states of the world.

America First” is common sense.

Placing one’s homeland first is part of a new geopolitical framework the president is creating. It recognizes the inherent goodness of nationalism and cultural pride.

POTUS’ move away from globalism is a step toward the proven principles of solidarity, and subsidiarity.

Someday, historians may say that pragmatic economic nationalism, personal or cultural pride, solidarity, and subsidiarity are key contributions of what can be called “the Trump Doctrine.”

 

Tariffs and America First

There are elitists across the political spectrum that don’t understand, or won’t admit to, the fundamental common sense of economic tools such as tariffs.

By contrast, the president embraces their use.

When America was a young nation, tariffs protected our farmers and factories. Before the income tax, when the federal government was smaller, tariffs protected American jobs, plus paid much of the federal government’s expenses.

POTUS Trump no doubt knows what Pocket Sense expressed this way, “Prior to the passage of the 16th Amendment in 1913, the United States government funded its operations mainly through excise taxes, tariffs, customs duties and public land sales.”

PocketSenseFUndingUSGOvtBeforeINcomeTax

Given the numerous scandals, millions of man-hours of lost time, plus other problems with the current income tax system, is the president leading America back to the future by using tariffs in strategic ways?

TaxReformPragerUSteveForbesDailyBusinessNewsManufacturedHousingINdustryResearchDataReportsMHProNews

One doesn’t always know what the president’s next move is. Are his threatened use of tariffs also a possible signal for something else in the future?  Would this president at some point take on a reform of  the U.S. income tax system, which Steve Forbes, and others say is massively wasteful?  Image credit, Prager U.

 

Trusts-Busting Yields Innovation, More Businesses, and Job Creation/Protection

MHProNews has chronicled the rise of globalist uber-billionaires, and their monopolistic conglomerates.

The president has signaled a willingness to do trust-busting actions.

Breaking up monopoles would protect and fuel American Jobs, American Innovation, and American Independent Businesses, that historically create the most jobs, and also innovate the most.

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

Linked reports – like NY Stern’s Scott Galloway speaking out against monopolies, or how monopolies harm workers and wages, – can be read later for more details.

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

It’s the mega conglomerates that are automating more, and hiring fewer human workers.

It’s the leaders of the mega corporations that often want open borders, cheap foreign labor, and the illegal immigration that is undermining our economic, judicial and electoral systems.

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

Warren Buffett led Berkshire Hathaway’s manufactured housing finance, production and other units have been accused of monopolistic practices by a range of media across the left-right political divide.

How many more Americans would be in a manufactured home already, if not for the allegedly monopolistic practices of anti-Trump, Warren Buffett’s Berkshire Hathaway?

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

 

Land Use Killing Affordable Housing, How Common-Sense Law Enforcement

Unlocks $2 Trillion Dollars in Additional Annual GDP

Problematic zoning, so-called expert “central planners,” and land use policies have hamstrung America for far too many decades.

Two university professors in 2016 estimated that the roadblocks to affordable housing are costing the U.S. economy some $2 Trillion dollars annually in additional GDP.

Using their $2 Trillion potential GDP growth statistic, if existing federal laws were being robustly enforced, the economy could experience a largely unsubsidized jolt that could create even more good jobs.

 

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

The president spotlighted factory home builder Levitt in a speech.

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

POTUS Trump understands from his professional experiences that factory home building can create entry-level to elegant homes.

MultipleReasonsExpectManufacturedHousingDoBetterThanSiteBuiltHousingEricBelskyEecDirJointCenterHousingStudiesHarvardUnivDailyBusinessNewsMHProNews

At the time Belsky made this prediction, manufactured homes were selling over 250,000 new units per year. What happened?  Smoking Gun 3 spells it out.

From Operation Breakthrough in the 1970s, to Harvard’s Eric Belsky in the early 2000s, the potential for the manufactured homes that HUD Secretary Ben Carson called “Amazing!” to fuel the American Dream is real.

HUD’s Operation Breakthrough, Promoting Factory, Industrialized Building – Mobile Home Era to Modern Manufactured Homes.

Enforcement of the Manufactured Housing Improvement Act of 2000 – which includes enhanced preemption – utilizes principles the president grasps from his myriad of professional experience.

Mandating the robust enforcement of the Duty to Serve Manufactured Housing that the Housing and Economic Recovery Act of 2008 required would also aid the process. Leveling the playing field via regulatory tweaks across FHA, VA, and the USDA (Rural Housing) loan programs for manufactured homes in both fee simple and home only scenarios would too.

The New York Times and MHProNews surveys both suggested that manufactured home owners were among the once “forgotten Americans” who supported President Trump.

Those home owners deserve the dignity and respect of being manufactured home owners.

A simple president tweet in support of those manufactured home owners could be a useful step to restoring their dignity, often robbed by elitists politicos whos slammed them as deplorables.

Enhanced preemption, education on the realities of manufactured homes vs. the myths, and proper lending access could transform America in short order.

That can be done via enforcement of existing law.  It would cost very little to the federal or local governments.  It would increase the property tax base.  It would increase the net worth of Americans.

God is modest, and the Creator understands the notion of saving the best for last. The American Dream is tied up with faith, flag, family, and fortune.  Hebrew and Christian Scriptures prove that the Ten Commandments protect private property.

God isn’t a socialist.  God’s Word enshrines free enterprise, and private property.

President Trump’s taking action that protects faith communities, defending the use of the phrase merry Christmas, and protect Life, Liberty, and Property are Godly principles.

These are all concepts worth to reflect on this day, and every day.

Our sincere thanks for the president’s many successes to date.

Here’s to more, and a heartful happy birthday wish to President Donald J. Trump. Please continue your work at making America ever greater, all for the benefit of restoring the dignity and opportunities of Americans first. ## (Coaching tips, marketing, sales, and management news.)

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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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President Trump – “Bigger than Watergate,” “We Need Accountability” – National, MH Industry Impacts

May 18th, 2018 Comments off

PresidentTrumpBiggerThanWatergateWeNeedAccountabilityNationalEconomicMHIndustryImpacts

Imagine if during the 2008 campaign, if someone in the Bush Administration had planted one or more FBI informants in then Senator Barack Obama’s campaign. Then further imagine, that federal investigations were started, based in part on information paid for by opposition to then-candidate, Senator Obama.

 

Then envisage that word of that hypothetical attempt to illegally influence a presidential election had leaked out, or if the story was broken by news media. That would have been a huge scandal, and rightly so.  Part of the bedrock of the American political system are free and fair elections.

To have the power of the federal government weaponized for political opposition purposes would debatably be “worse than Watergate.”  That wouldn’t be a partisan issue, its a question of integrity and the rule of law to protect the rights of all.

There is no evidence that the above hypothetical ever occurred during the Bush years.  But there is mounting evidence that federal taxpayer funded resources were used to influence a presidential election.

That in brief is what President Donald J. Trump’s Thursday tweet means with respect to Obama-Clinton operatives.

That has sparked political pundits, media outlets, and public reaction.

Wow, word seems to be coming out that the Obama FBI ‘SPIED ON THE TRUMP CAMPAIGN WITH AN IMBEDDED INFORMANT,‘” the president tweeted in reference to a National Review report published last week, said the Hill, a news source based in the nation’s capital.

FBISpiedOnTrumpCampaignTweetBiggerthanWatergateHillManufacturedHousingIndustryDailyBusinessNewsMHProNews

For those who may not recall, the Watergate scandal occurred when President Richard Nixon, a Republican, was tied to the attempted coverup of a crime, in which former FBI and CIA agents broke into the offices of the Democratic Party and George McGovern (that year’s Democratic Presidential candidate).

Watergate was the location for the DNC offices at that time.  The Watergate break-in was an illegal political spying effort, designed as part of an illicit plot to help defeat McGovern.  It was no doubt a dark, ugly chapter in our nation’s history.

WatergateScandalWikiSummaryManufacturedHousingIndustryDailyBusinessNewsMHProNews

The photo above at the left is an aerial view of the Watergate complex, the buildings which at the time were the office of the Democratic National Committee (DNC). That’s what gave rise to the name of the break-in and cover-up scandal, called, Watergate.

But today, we’re not talking about former federal agents.

Rather, the concern is that active, paid FBI and other federal agency staffers have illicitly been involved in derailing a political campaign – and post-election – of attempting to unseat a duly elected president.

If the leak yesterday – that the above concerns are part of what an upcoming inspector general report will allegedly reveal – that would be a bombshell.

Andrew McCarthy says, ‘There’s probably no doubt that they had at least one confidential informant in the [Trump] campaign.’ If so, this is bigger than Watergate!

There are now numerous reports that allege that Obama-era led agencies used their surveillance powers to monitor and attempt to disrupt the Trump campaign.

This is not the first time that the Obama administration has been accused of spying on the Trump campaign.

Last year, President Trump accused the former president of wiretapping Trump Tower shortly before the 2016 election.

Terrible! Just found out that Obama had my ‘wires tapped,’ in Trump Tower just before victory. Nothing found. This is McCarthyism!” the president tweeted in March 2017.  Then White House Press Secretary Sean Spicer later clarified the tweet to mean that the Trump campaign had spied upon, not a literal wiretap.

Terrible!POTUSObamaWireTappedTrumpCampaignTrumpTowerNothingFoundMccarthyismManufacturedHousingIndustryDailyBusinessNewsMHproNews

Attorney, Author, Talk Radio Mark Levin Calls for Accountability

 

MHVille – First Look

The Daily Business News has for over a year made the case held by thousands of manufactured housing professionals, from coast-to-coast. Namely, that the current Trump administration has been far more business-friendly than former President of the United States (POTUS) Barack Obama’s Administration was.

The National Federation of Independent Business (NFIB) and others have praised President Donald Trump for his pro-growth, pro-business policies.  The NFIB has hundreds of manufactured housing industry members.

POTUS Trump has also been more business-friendly than the Bush or Clinton Administrations were. That’s according to the National Association of Manufacturers (NAM) survey, NFIB surveys, and statements from the Manufactured Housing Association for Regulatory Reform (MHARR).

The regulatory freeze that has given the industry relief from several pending regulations did not occur under Barack Obama.

Rather, President Trump is undoing many of the costly and burdensome regulations of prior administrations.  These points aren’t a matter of posturing, they are all a matter of record.

Accurate Trump Administration Predictions

Based upon the Trump Administration’s policy stances, statements made over a year ago from MHARR’s top officials predicted that President Trump would be pro-business, and that others in the industry needed to rally around his efforts.

Proof?  See the focused 2 minute 20 second video, posted above. Note that foresightful MH industry leadership.

By contrast, Democratic presidential candidate, Secretary Hillary Clinton pledged very similar policies on regulations as Barack Obama had initiated with Congress.

Secretary Clinton named Dodd-Frank as an example.  She pledged to keep those onerous regulations as they had been during the POTUS Obama years, suggesting that she may also strengthen them.

The Manufactured Housing Institute (MHI) is officially hoping that next week the House will vote to pass their version of S. 2155.  That bill includes a roll back of the CFPB’s so-called MLO rule, that effectively gagged unlicensed personnel from speaking to consumers about lenders and loan terms.

It must be noted that this Congressional effort would not be taking place with any hope of enactment under a hypothetical Hillary Clinton presidency.

Who says?

That’s the application of the logic of former MHI government relations vice president, Jason Boehlert.

President Obama opposed a similar MHI backed bill, threatening to veto it. Secretary Clinton said she agreed with Mr. Obama, pledging to do the same or ‘strengthening’ Dodd-Frank.  Now, look again at the video with MHARR posted above, and ask, what were MHI and those who rule that association thinking?

2012 Election Results and Coming Lame Duck Session

 

M1

The Special Counsel Robert Mueller investigation of the so-called “Trump campaign-Russian collusion” allegations has now turned one year old.

Even as third-party analysts claim that 90 percent of mainstream media reports have been anti-Trump, public opinion has nevertheless shifted away from Mueller.

In a recent survey, just over half the country now believes that Mueller’s so-called probe into alleged Russian collusion with the Trump campaign is – as the 45th president has often called it – “a witch hunt.”

It’s worse than most realize, because there was never a predicate crime being alleged.  

Democratic attorney Alan Dershowitz argued over a year ago that there is no federal crime of collusion.

Had collusion between the Russians and the Trump campaign existed, said Dershowitz – noting that there is no evidence of any collusion – it would have looked bad.  But the Harvard law professor Dershowitz said that even if the alleged collusion existed, it would not have been illegal.

Then what was the Mueller investigation all about?

Recall that President Obama said days before the election, that the Russians were unable to interfere in the American elections.  There is no evidence that a single vote was changed by Russian attempts to hack.

Recall that MHProNews advised readers last year that even a CNN producer admitted to undercover investigators a year ago that the Russia-Trump stories were “bullsh-t.”

An underreported aspect of the specious ‘Russia’ story is that governments around the world, including the U.S. government, attempt to influence each other’s elections all-too-often.

Recall that Barack Obama attempted to interfere with Israel’s elections, and with the Brexit vote in England. Arguably worse, is that POTUS Obama – following calls from the Clinton State Department – invaded Libya.  For what?  The Libyan nation – as a result of that Obama-Clinton action – has since been destabilized. As but one tragic result, America later lost diplomats in Benghazi, Libya.  That’s been one of many consequences from that outrageous Obama-Clinton military plan to attack Libya’s leadership. The previously pacified Libyan people now are suffering a civil war.

The Russian efforts to interfere in the 2016 U.S. election, per sources, is their “payback” for Secretary Clinton’s alleged interference in the Russian elections.

Ironically, every scandalous effort to weaponize federal resources are boomeranging back onto Democrats and their anti-Trump allies.

The U.S. ought to be vigilant and protect the election process, against foreign and domestic manipulation and interference.

U.S. policy ought to respect the rights of foreign nations.   Furthermore, U.S. policy ought to pro-actively protect our own nation’s borders, and then it can call upon others to act similarly.

For years, America has been living in a topsy-turvy world.  So much so, that Barack Obama candidly and accurately said not long ago that there are two ways that the nation looks at the facts.  That’s sad, but true.  Isn’t he, Secretary Clinton, and their allies part of the reason that claim is accurate?

Facts Matter – Mr. Obama’s “Alternative Universe,” Trump Admin, Investors & Politicized Manufactured Housing Data

Plausible allegations of officials – starting during the Obama era – using:

  • federal agents,
  • taxpayer dollars,
  • and illicitly applying federal legal procedures to stop or unseat a campaign – or a duly elected president – are all indeed worse than Watergate.
  • Aren’t these an apt description for an attempted coup?

DefineCoupD'EtatWikiManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Simplified Summaries of Threads

Former DNC Chair Donna Brazile said that the Hillary Clinton campaign rigged the primaries, to prevent Bernie Sanders from becoming the Democratic Party’s candidate.

“Hacks” – Explosive 2016 Campaign Claims by Former DNC Chair, Donna Brazile

It is now clear that the Clinton campaign paid millions for the so-called “Steele Dossier,” which used foreign intelligence assets – British and Russian sources – to try to paint then candidate Trump in an unfavorable light.

That bogus politically-motivated ‘fake dossier’ – along with leaks of one or more FBI memo(s) – were in turn used by then FBI director James Comey to spark the Mueller probe.

If that isn’t outrageous enough, Special Counsel Robert Mueller has a staff packed with Clinton campaign donors.

Millions of taxpayer dollars have been spent on what looks to be a political effort initially designed derail candidate Trump, and later used to spark a stir they apparently hoped would lead to a duly elected president’s impeachment.  All on totally spurious – faked! – grounds.

If this is so, it’s not just outrageous, its criminal.

 

Why This Matters to MHVille, Next Week

Next week, the House will vote on their version of S. 2155, which includes a provision that would remove the MLO rule.  The mortgage loan originator (MLO) rule that is widely seen as harmful to manufactured housing industry retailers, communities, lenders, and others.

GovTrack tells MHProNews the odds of passage for S. 2155 stands at 56 percent.

Under President Obama, such a measure would have been vetoed.

Under a hypothetical Hillary Clinton Presidency – based upon her campaign promises – a bill like S. 2155 that will change Dodd-Frank would have been vetoed.

If S.2155 bill passes – and MHProNews’ publisher has editorially supported a similar such pro-business, pro-consumer change like this for years – it will be a Trump Administration accomplishment.

It would be entirely spurious for MHI to claim any legitimate bragging points.

Why?

MHProNews reported that days before the 2016 election that MHI had not one, but two paid pro-Clinton speakers on their stage in Chicago.

Warren Buffett was pro-Barack Obama and pro-Secretary Hillary Clinton.

Buffett is the Chairman of Berkshire Hathaway.  Berkshire is the parent to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, and has interests in a raft of other suppliers, lending, and services entities that intersect with manufactured housing.  Berkshire’s brands are widely seen as dominating MHI.

Based upon feedback from industry sources, there is a growing realization that MHI has been slow-walking or stonewalling reforms that hurt the industry, rather than championing them.

The Washington Post’s recent report on HUD, Pam Danner and manufactured housing underscored those concerns.

MHI Lender Shakes Up DTS and MLO Rule Discussions

As a result of years of MHI failures and allegedly weaponized reports, there is also a growing interest in creating a new post-production association, one that truly represents the independent retailers, communities, lenders and others.

 

Manufactured Housing is Non-Partisan

Manufactured housing – because it is affordable housing – ought to be viewed as a non-partisan issue.  It has long enjoyed the support of Democrats and Republicans alike for that reason.

But during end of the ‘Bush 43’ years, and during the eight years of the Obama presidency, anti-business policies often harmed our industry.

By contrast, President Trump – and cabinet members such as Secretary Ben Carson – have been working to undue those harms, pledging a new era of cooperation.  Would that have taken place under madam Clinton’s leadership?

 

Developing News on More Manufactured Home Lending

There is a developing story on financing that you may not hear from MHI or their echo-chamber surrogates. They will certainly not reveal it unless and until MHProNews hereby and in upcoming reports spotlights it.

When you see that upcoming report, you’ll see why.

Watch for that pending finance focused report from the MH Industry’s leading independent news source.

For almost a decade, MHProNews has brought you the most popular “Industry News, Tips and Views that Pros Can Use.” ©

With facts, evidence, and sound analysis in hand, then readers can apply the next tag line: “We Provide, You Decide.” ©

Which is all part of the reason why a top level executive said – as part of a longer communication – that “…if MHProNews is writing about it, I want to know about it.” (News, analysis and commentary.)

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

PS: Our thanks to those who have taken the time to mention that they see that MHProNews reports, analysis and projections have proven to be accurate, time and again.

PSS: Watch for an exclusive report on a non-profit group that is attempting to harm manufactured housing industry businesses.

Related Reports:

Kanye Controversy, Universal Income, Venezuela, President Trump, Manufactured Housing, First Principles, and You

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

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

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

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

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

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

 

Canadian and American Financial and Banking Systems Compared, Infographic

May 16th, 2018 Comments off

CanadaUSTaleofTwoBankingSectorsVIsualCapitalistLogoManufacturedHousingIndustryDailyBusinessNewsMHProNews

The Daily Business News reports every day on Canadian based companies as well as U.S. based firms in our evening market report.  But it’s been a while since we’ve taken a broader look at the Canadian market, or done a comparison with how U.S. and Canada are similar and differ.

 

So, the following interesting Visual Capitalist infographic is a step toward providing a look at life north of the longest peaceful border on planet earth.

As is widely known, Canada avoided much of the turbulence that was experienced in the U.S. during the run up to and since the 2008 mortgage/housing crisis.  But like the U.S., affordable housing is an issue north of the border.

Manufactured housing regrettably experiences resistance on either side of the 49th parallel.

Against that backdrop, per RBC Global Asset Management and VC:

General Differences:

Historically, the Canadian banking system favors a limited quantity of banks, and many branches. It also carries the British influence of valuing stability over experimentation. Meanwhile, U.S. banking is more decentralized and localized, and more open to experimentation. This has led to trial and error, but also the world’s largest bank system.”

 

Regulatory Focuses

Canada’s banking system tends to promote safety and soundness, while the American system keys in on privacy, anti-money laundering, banking access, and consumer protection measures.”

 

Market Environment
The Canadian market is worth C$142 billion (US$111 billion) per year, while the U.S. market is over 10x bigger at US$1.4 trillion. Interestingly, these market sizes explain why Canadian banks often seek growth opportunities in the U.S. market, while U.S. banks just focus on the massive domestic sector for growth.”

Number of Banks

There are 85 banks in Canada, and 4,938 in the United States.”

Market Share
Canada’s five biggest banks hold a whopping 89% of market share, while America’s five biggest banks only hold 35% of market share.”

 

CanadaUSBankingFinancialSystemVisualCapitalistComparisonsDailyBusinessNewsMHProNewsRBCGlobalAssetManagement600

To see of download the full sized version of this infographic, click here or the image above.

MHProNews will also take this as an opportunity to link up under related reports below of some of the previously published Canadian-connected manufactured housing news. ## (News, analysis, and commentary.)

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

Related Reports:

ECN Triad Financial Services – Fascinating Facts, Manufactured Home Industry Professionals, Investors

‘Trailer Park Boys’ Death Focuses Manufactured Home Industry, Homeowners Challenge

New Mortgage Lending Changes Impacting Hundreds of Thousands of MH Owners

Tricon MH Community Stock Insider Trade, Plus Manufactured Home Market UPdate$

UPDATE: MHC Future in Doubt, the Other Side of Rent Control

 

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

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

 

Jana Kasperkevic, Tiny Houses, Manufactured Homes & Financing

June 22nd, 2017 Comments off

JanaKasperkevicGuardianMarketplaceTinyHouseManufacturedHomeAnalysisCommentaryReportDailyBusinessNewsMHProNews400A little knowledge is a dangerous thing,” said Alexander Pope, about 208 years ago, and it is as true today as it was then.

An early version of the saying, “the road to hell is paved with good intentions,” is attributed to Saint Bernard of Clairvaux,  (1091-1153), and that too remains true.

Jana Kasperkevic is a good writer who recently published an article for the Marketplace.org about tiny houses, and manufactured homes. The headline said, “Tiny homes seem perfect for most millennials, except for one big problem.”

In a catchy opening, Kasperkevic states, “Tiny homes seem like a perfect answer to most of millennials’ problems. They are affordable. They are minimalistic. The[y] [sic] are trendy. Except there’s one problem: Tiny homes are not considered homes when it comes to bank loans, making it hard for potential owners to find financing.”

DefiningSICinJournalismDailyBusinessNewsMHProNews-comThen comes one of several problem areas in her column, “Because tiny homes are portable and their owners could just pack up, get in and move somewhere else, the U.S. financial system does not consider them houses. Instead, they fall into a category with recreational vehicles and mobile homes called manufactured homes — homes that can be made in factory and then moved as needed. Often, they are paid for upfront or bought with funds obtained through a personal loan.”

TinyHousesSeemPerfectforMostMillennialsOneBigProblemManufacturedHomeDailyBusinessNewsAnalysisReprotsMHProNews

Credit, Marketplace.org, from Kasperkevic’s article.  To see her full commentary, click here.

While the portion of the paragraph quoted above following the “– homes…” is accurate, the first part of that paragraph is problematic.

Perhaps more troublesome to those who believe that facts matter are the two paragraphs she writes, as follows.

But that could change next year.

The Federal Housing Finance Agency has proposed a pilot program that would allow Fannie Mae and Freddie Mac to provide financing for buyers of manufactured homes. According to Bloomberg, the program could go into effect as early as January. And when it does, it could transform the tiny home industry.”

What the above does is represent that a tiny house is a manufactured home.  While it is true that some manufactured home producers are building what they label as a ‘tiny house,’ it is not accurate to say that every tiny house is a manufactured home.  There are other errors and oversights in the above, but let’s focus on mixing the terms, manufactured home and tiny house.

To be a manufactured home, a home must be certified by HUD, and have a HUD red, metal label.

RedHUDCodeMetalLabel=ManufacturedHomeNOTMobileHomeNOTTinyHouseNOTrv-CreditsManufactruredHomeLivingNewsDailyBusinessNewsMHProNews

Why Routine Media Engagement is Necessary for Industry Growth

MHI/NCC member Frank Rolfe has said that even since the Manufactured Housing Institute (MHI) has brought on first one, then another full time public relations professionals, he is still getting phone calls from media outlets who tell him that MHI will not speak to them by phone.

That, says Rolfe and others, creates an ongoing series of problems.

FrankRolfeMHFundRVHorizonsMobileHomeUniversityDailyBusinessNewsManufacturedHomeIndustryResearchReportsDataAnalysisMHProNews595

A source within MHI told MHProNews that some researchers call, when asked about certain topics, are told that they need to do a Google search for that, MHI couldn’t (wouldn’t) help them.

So, while several producers in the industry are seeking to tap into the tiny house movement, MHI has been less than fully engaged in addressing incorrect information, such as the article by Kasperkevic.

Lindsey Bostick, who is a millennial, works in the industry and owns a residential-style manufactured home, has explained why she believes the homes are a good fit for her generation, as well as others.

ChrisGalushaTinyHouseTalkDailyBusinessNewsResearchReportsAnalysisManufacturedHomesMHProNews298x527Had Kasperkevic carefully read the draft of her own article, some of the discrepancies between what she wrote and the facts might have popped out at her, or her editor(s).

For example, she wrote that, “They make it look easy,” said Chris Galusha, president of the American Tiny House Association. “They are like, ‘Ta-da! We’re putting a tiny home here.’ Nobody realizes that behind those shows, there’s a lot of time spent with people negotiating or checking with building officials or taxing authority and stuff like that…”

…“I’m always in favor of having guidelines like building codes and regulations, because that protects everybody,” Galusha said.”

Manufactured homes are built to federally preemptive standards, the nation’s first and still only national building code for housing. Tiny houses aren’t necessarily built to any standard, as Galusha’s words imply.

 

What a Google Search Could Have Revealed

Had Kasperkevic done the Google search shown below, she would have found this article by RC Williams on MHLivingNews.  Williams’ article pointed out that financing isn’t the only problem; zoning is another big hurdle for tiny houses.

TinyHouseBigLegalTroubleToledoBladeManufacturedHomeLivingNewsIndustryResearchDataReportsAnalysisDailyBusinessNewsMHProNews

Original photo credit, Toledo Blade. To see article, click the image above.

MHI member, Credit Human’s regional manager, Barry Noffsinger said, “Tiny houses are cute and popular to watch on TV.”

BarryNoffsingerCreditMHProNews-

Barry Noffsinger, photo credit, MHProNews.

It obviously holds appeals to some,” Noffsinger stated, “but they aren’t built to a code, so placement can be a nightmare.”

As a manufactured home lender, Noffsinger added, “And since there is no building code, how do you finance one? By contrast, modem manufactured homes can be very residential, they too can have amazingly appealing features, and placement and lending is easier, because they are built to a federally preemptive building code.”

Tiny houses have received favorable media attention in recent years. But not enough attention has been focused on the fact that many, if not most, are not built to a building code, with some jurisdictions raising safety concerns,” said Mark Weiss, an attorney who is president and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

mark_weiss_mharr_pesident__mhpronews__credit

Mark Weiss, JD, President, CEO of MHARR.

MHARR’s president noted that tiny houses aren’t manufactured homes, as some may incorrectly think. He also lamented the difference in media attention the two housing types tend to bring.

By comparison,” says Weiss, “manufactured homes are built to a federal code which provides not only a safe, quality home, but multiple layers of protection for consumers — all at much lower price per square foot.  Which makes more sense?  And where is the favorable media attention for HUD Code homes?”

In fairness, Kasperkevic isn’t alone in the problems with conflating the various terminologies involved.  But journalists are supposed to be focused on getting the facts, and reporting accurately and without bias. RC Williams’ recent report on schooling the media is thus of value.

The Road Ahead

While several manufactured home companies are investing in providing solid information for customers and shoppers – including the one linked or others shown in the video above – there is still more work to be done. What should be apparent from those who study the issues is that those who invest in getting the facts straight are growing at a more rapid pace than the industry at large currently is, as seen linked here.

StillRoundTheCornderThereMayWaitNewRoadSecretGateJRRTolkeinRoadAheadManufacturedHousingDailyBusinessNewsMHProNews507Within a trillion dollar a year housing industry, where major players are dancing around – and in – the HUD Code manufactured home industry’s appeal, will more industry professionals leave their comfort zones to routinely get and keep the record straight when media and researchers make mistakes? ## (For Jana Kasperkevic’s full story, click here. “We Provide, You Decide.”©   News, analysis, commentary).

(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.

Kevin Clayton at Clayton Homes Takes Buffett’s Big Stage, Video

May 13th, 2017 Comments off
MindYourLanguageWarrenBuffettBerkshireHathawayandClaytonHomescreditFOXBusiness1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: FOX Business.

Yesterday, in part one of this series on the “Woodstock for Capitalists,” the Daily Business News focused on several aspects of the business, wit, insights, and politics of Warren Buffett.

Today, we look at Kevin Clayton of Clayton Homes, who even before his featured interview on FOX Business, Warren Buffett spoke highly of Clayton Homes in his annual letter to shareholders on February 25th.

Clayton and Berkshire have been a wonderful partnership,” wrote Buffett.

Kevin Clayton came to us with a best-in-class management group and culture. Berkshire, in turn, provided unmatched staying power when the manufactured home industry fell apart during the Great Recession.”

The Knoxville News-Sentinel also reported that, for the second year in a row, Buffett defended Clayton’s financing practices.

Mike-Baker-SeattleTimes-Daniel-Wagner-CenterForPublicIntegrity-hr650-s682-preserving-access-manufactured-housing-act-corrected-mhpronews-com-

The tag team that engaged in so-called ‘agenda journalism,’ targeting Clayton Homes, as a way of derailing MHI’s version 3.0 of “Preserving Access to Manufactured Housing.” The report, while flawed, was widely cited by Democrats who opposed the measure and stalled in the Senate.  For insights on MHI’s fourth attempt at passage, click here

In 2015, a joint Seattle Times, Center for Public Integrity and later BuzzFeed News investigation accused Clayton Homes of pushing minorities and others into high-interest predatory loans, which Clayton has strongly denied. The Daily Business News covered that story extensively, separating agenda media hyperbole, faked news fiction from the facts. One of those stories is linked here.  

In his interview with FOX Business’ Liz Claman, Clayton highlighted the fact that they expect to sell in excess of 45,000 manufactured homes this year, doing their part to address the affordable housing crisis in the U.S.

The average new home in America is almost $400,000 now,” said Clayton.

Pointing to their display home, Clayton spoke directly to an ongoing challenge for the industry that needs to be addressed.

What our industry is saying, if that it’s built with the steep-pitch roof, onsite garage, and porch, built to the federal code and to FHA setup standards, it should be financed and zoned just like site-built traditional housing.”

Clayton also shared details on the company’s new “tiny homes,” designed by Mountain Brook, Alabama-based Jeffrey Dungan Architects.

We’ve been working for two years to develop the best tiny homes,” said Clayton.

What’s unique about us, is this home is built to live in permanently and meets your local and state housing codes, which is a huge advantage.”

Clayton and Buffett after the annual paper toss in 2015. Credit: FOX Business.

Among the points absent from the discussion was the Manufactured Housing Improvement Act of 2000 (MHIA), enhanced preemption, and the examples that HUD themselves provided of municipal placement in a university level report, linked here.

Tiny House – Risks, Trends, and Rewards?

ihouse Clayton Green-Bridge-Farm-Chevy-Volt-posted on Manufactured Home Marketing Sales Management MHMSM.com MHProNews.com

The i-House was a highly publicized, widely respected, ‘green’ and vogue concept home. But it fizzled in the market place. See prior Daily Business News report, linked here. In the Green Bridge Farm photo by Jetson Green above, the i-House was paired with an electric Chevy Volt, as a way of underscoring its green features.

The tiny house move by the giant is not a guaranteed lock, as those who recall the Clayton i-House recall the fanfare, which fizzled as a result of all-too-modest sales.  So industry observers are watching this move carefully.

As our regular readers are aware, MHProNews and MHLivingNews have covered the “tiny home” movement extensively, including the potential for big legal trouble for owners and a detailed side-by-side comparison with manufactured homes, highlighting function and value versus fashion.

Clayton Homes is reassuring their prospects for their tiny house that their units are built to a building code, unlike so many on the market that are built to no codes at all.

Others in HUD Code manufactured housing are making their own moves on tiny houses.  Some are built to the HUD Code, some to the ANSI code, and others reportedly to no codes, but still rolling out of HUD Code production centers. The tiny house craze is no doubt fueled by the mainstream media’s love affair with the typically mobile units, while at the same time slighting manufactured homes.

About Clayton Homes

Clayton Homes is the largest producer of manufactured homes (MH) in North America and as noted is a subsidiary of Warren Buffett’s Berkshire Hathaway.

Vertically integrated, the company has several hundred retail centers nationwide, HUD Code and modular production centers. Through its affiliates and family of brands, Clayton builds, sells, finances, leases and insures Clayton-built manufactured and modular homes.  Their retail operation famously also buys products and uses services from other producers.

For the most recent closing numbers on all Berkshire Hathaway – and all MH industry-connected tracked stocks – please click here.

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

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams.

Submitted by RC Williams to the Daily Business News for MHProNews.

Hunt Mortgage Provides Fannie Mae Loan for Trails of Oak Hills MHC

June 9th, 2016 Comments off

texas_austin_trails_of_oak_hills_mhc__mhvillage__creditFinancing commercial real estate throughout the U. S., Hunt Mortgage Group, headquartered in New York City, has arranged a $5.3 million Fannie Mae loan to refinance The Trails of Oak Hills manufactured home community (MHC) in Austin, Texas, the property of Wier Hills Ltd., a Texas limited partnership backed by Charles “Mac” Spellmann, Jr. Mac developed the community 15 years ago and has owned and operated it since, as einnews tells MHProNews.

Noted Mark Besharaty, Director at Hunt Mortgage Group, “Mac has over 25 years of experience in both owning and operating manufactured housing communities and currently owns two such properties with a total of 335 sites.”

The Trails is set on 51.57 acres with 180 home sites, none of which are for recreational vehicles, and 90 percent of the sites will accommodate a multi-section home. Most of the homes are no more than 15 years old, and all are professionally skirted.

This is a quality property that has been performing very well,” added Carl Pankratz, Vice President of Originations at Hunt Mortgage Group. “Over the past 24 months, occupancy at The Trails of Oak Hills has averaged 98% with no single month below 97%, and, the property is currently full. We were pleased to deliver on this transaction.”

While a clubhouse building is the only permanent structure, amenities include an outdoor swimming pool, playground and fishing pond.

Hunt Mortgage Group recently expanded its MHC platform as one of its new asset classes. ##

(Photo credit: MHVillage–The Trails of Oak Hills MHC in Austin Texas)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-14 to 12-20, 2014

December 21st, 2014 Comments off

sunday-morning-weekly-recap-12-1 to12.20 2014-mhpronewsOil slide and its impact on MH! Financing! MHCommunities! Awards! Government Actions – and failures! New Projects! New contracts awarded! These are some of the headlines for this week in review.

There is no need for a ‘theme’ for a weekly headline news review focused on manufactured and modular housing.

But if the headlines themselves suggest a theme, certainly one might be that there are advantages to doing business right. There are also serious disadvantages to those who fail to treat their customers as they would want to be treated. That same claim could be applied to public officials.

We see rewards for doing things right, and consequences for those who fail to do so. The problem is the consequences go beyond the party that did the alleged wrong. MH ought to police its own, or face the ever more grueling regulations imposed when apparent bad actors fail to serve their customers well.

Here are your headlines and hot links to stories for the week in review…

Saturday 12.20.2014

Manufactured housing builder Nobility Homes Announces a 14 Percent Increase in Sales for FY 2014

 

Friday 12.19.2014

Allegedly Disguised Flood-Damaged Homes Elicit New Laws that may undermine MH

SUN hits new high, Day 3 of Yellin’s Christmas Gift to Markets

Upscale Urban MODs bring Retro exterior to NY Neighborhood

Alpha Touts Manufactured Home Communities for Healthy Boomers are Becoming Hot Investments

FHFA’s Conservatorship of GSE brings charges of Illegalities and Strong Criticism

Thursday 12.18.2014

San Fran going MOD…modular building poised to help area’s housing

SKY Rises! Christmas Early, Yellin’s Gift Keeps Giving, 3 Year-Best Day Record

Skyrocketing Rents are Creating Opportunities for Manufactured Housing

IBTS Appointed to HUD Manufactured Housing Dispute Resolution Program

32 Million not enough? MHC Residents Lose Battle to Remain or Collect

Wednesday 12.17.2014

Manufactured Home Community Operator sees value in helping Millennials become Homeowners

Nobility Leaps! Yellin’s Tellin’ – Cheap Oil, Low Rates, Keep Sellin’!

With Oil Prices still Falling, what’s the outlook and impact on Manufactured Housing?

Judges Gavel Falls on MH Community Owner

County Takes Action to Collect Tax Revenues on Manufactured Housing

Tuesday 12.16.2014

Ringing in 2015, RV/Manufactured Housing Hall of Fame Style

Most Manufactured Home Community Stocks Rise with MH Composite, Big Oil still dampens Dow

Manufactured Home Communities REIT Produces Significant Income in 2014

Best Housing News in 10 years: Good News or Wishful Thinking?

Honoring the Past – Prefabs Built to Last

Monday 12.15.2014

Rising Manufactured Housing Composite Value Outperforms markets, Russian Ruble tumbles 12%

Tastes in Housing Reflect Changing Lifestyles, can Manufactured Housing businesses benefit?

Proposed Changes to Dodd-Frank in New Federal Budget Offers Hope to Manufactured Housing Industry

3D Printing Houses – A Threat to U.S. Manufactured Housing Industry?

Third Avenue touts value of Cavco Industries

Sunday 12.14.2014

Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-7 to 12-13, 2014

Frank Rolfes, knowing how to find Limelight, touts ways to purchase and run ‘mobile home parks’

December 10th, 2014 Comments off

manufactured-homes-com=credit-posted-daily-business-news-mhpronewsWhile there are those in the manufactured home community side of the industry that abhor the ‘t-word’ or having their properties called ‘a mobile home park,’ on the other end of the spectrum is Frank Rolfe.

First, give the man and his associates their due. Their total communities would place them around #10 among the larger community owners.

Rolfe finds his way into the news, through stories like the New York Times’ Cold Hard Lessons of Mobile Home U,’ which drew a flurry of commentary, for and against by industry pros. The article sparked a recent comment by Dana Hawkins-Simmons in the National Housing Institute’s (NHI) e-publication, Rooflinesseen here.

In a recent article, Rolfe sounded off in favor of the National Community Council (NCC) recent fall event in Chicago and the NCC’s Vice President, Jenny Hodge. He took that opportunity to ‘dis’ a rival – and unnamed – community owner and consultant, who once appeared routinely at MHI and NCC events, and has since been marginalized by those organizations.

Writing in the Journal of Mfd Housing, under the heading, “The end of B.S. – thank heavens,” Rofle asserts,What was notable at the event was the absence of many self-styled gurus who people used to listen to. They have been discarded as the industry has grown up and the professional owner/operators demand concrete qualifications of their experts.”

The “Mobile Home U” partner says that no one questioned him at the Chicago NCC event about his use of terminology. Indeed, with video footage of MHI’s current chairman using similar terminology, it might make it difficult for some industry members at an event with both present to do so.

Says Rolfe’s, “The industry is poised for a major shift for the good, and childish arguments have been cast aside to make way for more important adult topics and negotiations.” On this point, there is wide agreement.

Indeed, the industry is poised for a major shift, but the debate over the use of the ‘t-word’ or ‘mobile home’ terminology is far from over, as the new interview with Murex Properties and NCC Chairman Steve Adler suggests. In fact, the just-posted article on the “Great American Trailer Park Christmas Musical” points to the heart of the impact of the very challenge that Rolfe claims is no longer an issue, namely image.

Dana Hawkins-Simmons and others such as NextStep CEO Stacey Epperson take an opposing view, believing what you call something matters to the public and thus to the industry.

Indeed, ELS Chairman Sam Zell famously said at last year’s NCC event, “Pencil head, it’s not a trailer park.”

Writing in NuWire, Rolfe outlined options for purchasing and financing a manufactured home community. Such articles are Rolfe’s way of getting and staying in the limelight, in order to attract a steady stream of attendees to “bus tours” of MHCs and “boot camps.” These draw potential investors, those who aren’t chasing the same locations the larger portfolio operators seek.

The Mobile Home U partner’s suggested ways to buy a community include,

  • Seller Financing
  • Bank Loans
  • Conduit
  • Master Lease with Option
  • Assignment

Give Frank Rolfe his due. Their operation grows, he has a swashbuckling style listeners find entertaining. Many of this boot camp graduates have gone on to varying degrees of success. He and his peers market, market, market.

The debate over proper use of terminology will rage on, with one wing showcasing a great image, and the other wing of the industry saying the public calls it a ‘trailer’ and ‘mobile home,’ why shouldn’t we?

But is the photo shown above what people imagine when you say the word “trailer” or “mobile home?”

Perhaps the 1.32 billion dollar sale of image-and-brand-building American Land Lease to Sun Communities might have settled that debate, but at least for now, that hasn’t resonated with enough people on the ‘mobile home’ terminology wing of the industry. ##

joseine-josie-thompson-writer-daily-business-news-mhpronews-com50x50-(Photo Credit: Manufactured Homes)

Article submitted by Josie Thompson to – Daily Business News – MHProNews.

Deseret News runs “Trailer Park” solution “report”

November 5th, 2014 Comments off

case-for-trailer-parks-credit=the-atlantic-posted-daily-business-news-mhpronews-com-Lane Anderson at theDeseret News  is one of the writers and various media outlets that picked up on The Atlantic’s recent article, The Case for Trailer Parks. Lane writes, According to 2013 data from the Harvard Joint Center for Housing Studies, 50 percent of renters in the U.S. spent more than 30 percent of gross income on rent. This is up 12 percent points since 2000.”

About 35 percent of Americans are renting now, according to the report, and more demand keeps driving rent prices up and up.”

Now, enter the humble trailer home. It’s affordable and relatively new and spacious as compared to a lot of cramped, crumbling low-end apartment buildings, say housing experts.”

Lane quotes from generally favorable comments made about manufactured housing from The Atlantic, and continues: “The median cost of a single-family home last year was $324,000 according to the Census Bureau. A trailer? Just $64,000.

Freddie Mac started financing trailer park developers last year, according to The Wall Street Journal, signaling that the mortgage lender is moving into that market as an affordable housing option.”

Having based her writng primarily on The Atlantic’s, Lane’s article has essentially the same strengths and – weaknesses – such as improper terminology and perpetuating the stereotype of MH as being for the poor. Lane may not have seen the CBS News video which interviewed millionaires living in manufactured homes who called modern HUD Code certified homes,trendy.

A manufactured home industry response that corrects the weaknesses made in The Atlantic  column would apply for Lane’s article too, and is linked here. ##

(Photo credit: La Citta Vita/Flickr/The Atlantic)